Stockwinners Market Radar for November 18, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
TDOC | Hot Stocks20:37 EST Cathie Wood's ARK Investment bought 415K shares of Teladoc on Thursday
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VLD | Hot Stocks20:35 EST Cathie Wood's ARK Investment bought 438K shares of Velo3D on Thursday
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CRI | Hot Stocks20:28 EST Carter's raises quarterly dividend to 60c per share from 40c - The dividend is payable on December 10 2021, to shareholders of record at the close of business on December 1, 2021.
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ACN | Hot Stocks20:27 EST Accenture to acquire Tambourine, terms not disclosed - Accenture states that it has "agreed to acquire Tambourine, an e-commerce customer experience agency with award-winning capabilities in cloud-based technologies in Japan. Tambourine brings a proven track record in using Salesforce Commerce Cloud to deliver seamless commerce experiences for consumer goods and entertainment companies. Terms of the transaction were not disclosed."
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SLI | Hot Stocks19:27 EST Standard Lithium says Blue Orca comments contain 'important inaccuracies' - StandardLithium is "ssuing the following statement in response to the false and misleading report from Blue Orca Capital, stating: "The report contains numerous important inaccuracies and misunderstandings which Standard Lithium believes are misleading and clearly intended to benefit Blue Orca Capital, which itself has disclosed that it stands to profit in the event that the stock price of Standard Lithium declines. Standard Lithium cautions investors not to make decisions based on this report and instead strongly encourages them to consult credible and informed sources, including Standard Lithium's filings with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission prior to making investment decisions."
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OVLY | Hot Stocks19:19 EST Oak Valley Community Bank names Rick McCarty COO - Christopher M. Courtney, President & CEO of Oak Valley Bancorp, and its wholly owned subsidiary, Oak Valley Community Bank, announced the promotion of Rick McCarty to President and Chief Operating Officer effective January 1, 2022. McCarty has been with Oak Valley for over 22 years, joining the bank at a time when Oak Valley had 3 branches and less than $150 million in total assets. He has served the bank as Senior EVP and Chief Operating Officer since 2017. Prior to that McCarty held the Chief Administrative Officer and Chief Financial Officer positions concurrently. "Rick has been an integral part of the growth and prosperity of the bank. His oversight of the bank's mission critical functions and the instrumental role he plays within the management team have been key drivers of our success," stated Chris Courtney, President and CEO. "This promotion signals the influence he has had on the Company through the years and illustrates the continued execution of our succession planning initiatives."
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LAW | Hot Stocks19:15 EST CS Disco CEO sells $1.93M in common stock - In a regulatory filing, CS Disco disclosed that its CEO Kiwi Camara sold 37K shares in a total transaction size of $1.93M on November 16th, reducing his stake by about 1%.
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TSCO | Hot Stocks19:13 EST Tractor Supply CFO sells $1.08M in common stock - In a regulatory filing, Tractor Supply disclosed that its CFO Kurt Barton sold 4.8K shares in a total transaction size of $1.08M on November 16th, reducing his stake by about 12%.
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AL | Hot Stocks19:11 EST Air Lease EVP Khatibi sells 15,625 class A shares - In a regulatory filing, Air Lease executive VP Alex Khatibi disclosed the sale of 15,625 class A common shares of the company on November 17 at a price of $45.5045 per share.
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AMTB | Hot Stocks18:43 EST Amerant Bancorp director Wilson sells over 30,000 class A shares - In a regulatory filing, Amerant Bancorp director Millar Wilson disclosed the sale of 30,769 class A common shares of the company on November 17 at a price of $29.9727 per share.
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M | Hot Stocks18:37 EST Macy's CEO: We have been focused on being an omni-channel retailer - In an interview on CNBC's Mad Money, Jeff Gennette said Macy's is in a healthier place now than when the pandemic started. The company is seeing a lot of new customers coming in and the loyalty program is working very well, he noted. It's affiliation with Klarna has been a "big win," and was done with a younger customer in mind, he added.
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TWTR | Hot Stocks18:24 EST Twitter CFO: We left Q3 with the wind at our backs - In an interview on CNBC's Mad Money, Ned Segal said Twitter has tremendous momentum heading into Q4. The company is "laser focused" on its roadmap and there is lots of opportunity ahead, he added. "We've hired a crypto lead to figure out ways that we can leverage crypto," he noted.
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DCT | Hot Stocks18:08 EST Duck Creek Technologies, e2Value form partnership over property valuations - e2Value announced entered into a partnership with Duck Creek Technologies. The partnership will allow Duck Creek customers access to e2Value's patented replacement cost estimators for residential properties. This software-as-a-service assists with improving risk selection, pricing, customer service, and overall risk management. "We designed our web-engineered SaaS tool to integrate easily with our customers' technologies," Todd Rissel, CEO of e2Value, said. "Now that we are partnered with Duck Creek Technologies, P&C businesses can quickly and efficiently access Insurance-to-Value and collateral value monitoring solutions."
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MRK | Hot Stocks17:59 EST Merck updates on phase 2 trial of MK-8507 and Islatravir in HIV treatment - The company states: "Merck announced an update regarding the Phase 2 IMAGINE-DR clinical trial, which is evaluating the investigational combination of MK-8507, a non-nucleoside reverse transcriptase inhibitor, and islatravir, a nucleoside reverse transcriptase translocation inhibitor, as a once-weekly oral treatment for HIV-1 infection. MK-8507 and islatravir, alone and in combination, are investigational and not approved for use. Decreases in total lymphocyte and CD4+ T-cell counts were observed in study participants randomized to receive ISL+MK-8507. A review by the external Data Monitoring Committee determined that this effect was related to treatment with the combination of ISL+MK-8507; the greatest decreases were seen in the arms of the study receiving the highest doses of MK-8507. At the recommendation of the eDMC, Merck is stopping dosing in the trial, with continued monitoring of study participants. The company has notified investigators and paused development of MK-8507. Merck remains confident in islatravir's overall profile and is continuing with development of islatravir across a range of settings including in treatment of patients living with HIV and in pre-exposure prophylaxis. None of these other programs combine islatravir with MK-8507. In light of the findings from the MK-8507-013 study, Merck conducted a review of trends in total lymphocyte and CD4+ T-cell counts in company-sponsored clinical trials of ISL across all indications and dosing regimens. A dose-dependent decrease in lymphocyte counts was observed in an ongoing Phase 2 trial , which is evaluating monthly ISL for PrEP in participants at low-risk of HIV-1 infection. In this population of HIV-1 uninfected participants, the mean decreases were in the normal range and there was no increase in clinical adverse events (AEs) related to infection. In addition, a small, treatment related mean decrease in CD4+ T-cell counts was observed through Week 48 in two Phase 3 trials, ILLUMINATE SWITCH A and ILLUMINATE SWITCH B, which are evaluating doravirine 100 mg in combination with ISL 0.75 mg daily in HIV-1 virologically suppressed participants. There was no increased incidence of AEs related to infections in participants receiving DOR/ISL relative to comparators through Week 48. Investigators for these trials have been informed and the trials are continuing. "
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WDAY | Hot Stocks17:40 EST Workday drops 9% to $271.25 after Q3 results, Q4, FY22 subscription guidance
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DDS | Hot Stocks17:31 EST Dillard's announces special dividend of $15.00 per share - Dillard's announced that the Board of Directors declared a special dividend of $15.00 per share on the Class A and Class B Common Stock of the company. The dividend follows the company's recent record financial performance. The special dividend of $15.00 per share is payable December 15 to shareholders of record as of November 29. Additionally, the company announced that the Board of Directors declared a cash dividend of 20c per share on the Class A and Class B Common Stock of the company. The dividend is payable January 31, 2022 to shareholders of record as of December 31, 2021.
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FTCH | Hot Stocks17:25 EST Farfetch drops 22% to $35.29 after mixed Q3 results
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FTCH | Hot Stocks17:23 EST Farfetch drops 22% after mixed Q3 results
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MPB RIVE | Hot Stocks17:20 EST Mid Penn Bancorp's acquisition of Riverview Financial approved by shareholders - Mid Penn Bancorp (MPB) and Riverview Financial (RIVE) announced that shareholders from both companies approved Mid Penn's proposed acquisition of Riverview at special meetings of their respective shareholders held on November 18. Mid Penn, on a pro forma basis following completion of the merger, is expected to have $4.7B in assets. The acquisition is subject to various conditions to closing and is anticipated to close on November 30.
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AWK | Hot Stocks17:07 EST CPUC approves settlement in California American Water's general rate case - The California Public Utilities Commission issued a final decision in California American Water's General Rate Case at its meeting on November 18, 2021. The final decision adopts the comprehensive settlement California American Water reached with the CPUC's Public Advocates Office, as well as two additional settlements reached with intervenors. Under the CPUC's final decision, which is retroactive to January 1, 2021, California American Water will be authorized additional annualized water and wastewater revenues of $17.9 million for test year 2021, $7.7 million for escalation year 2022 and $7.7 million for attrition year 2023. The decision also authorizes $165 million in new infrastructure investment for forecasted test years 2021-2022 to maintain high-quality water and wastewater service. These investments, which include upgrades to distribution systems, treatment facilities, storage tanks and pump stations, are necessary to maintain and improve water quality, reliability, fire protection and customer service for the communities served by California American Water.
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POST | Hot Stocks17:04 EST Post Holdings sees FY22 adjusted EBITDA $1.16B-$1.2B - Sees FY22 capital expenditures $250M-$300M. The company said, "Post management expects Adjusted EBITDA for fiscal year 2022 to be between $1.16-$1.20 billion, including BellRing for the full year. Compared to prior years, fiscal year 2022 is expected to be more weighted to the second half as Post prices incremental inflation and navigates lingering supply chain disruptions. Post management expects the first quarter to be particularly impacted and performance to sequentially improve in each quarter throughout the year. This outlook range assumes that by the end of the first half of fiscal year 2022 the rate of inflation has peaked and labor markets have normalized. Post management expects Post's fiscal year 2022 capital expenditures to range between $250-$300 million. This includes approximately $50 million for the purchase of land and construction of a new facility with the intent to manufacture RTD shakes for BellRing."
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UFS | Hot Stocks17:03 EST Domtar-Paper Excellence deal receives Canadian Competition Bureau clearance - Paper Excellence and Domtar Corporation jointly announced that they have received Canadian Competition Act approval for their business combination whereby Karta Halten B.V., an affiliate of Paper Excellence, will acquire all of the issued and outstanding shares of Domtar common stock for $55.50 per share in cash pursuant to an agreement and plan of merger dated May 10, 2021. The consent agreement filed by the Canadian Commissioner of Competition with the Competition Tribunal today fulfills the final condition to the closing of the Merger. The consent agreement requires that, following the closing of the Merger, Domtar's pulp mill in Kamloops, British Columbia be sold to resolve the Commissioner's concerns about the Merger's implications on the purchase of wood fibre from the Thompson/Okanagan region in British Columbia. The transaction remains on course to close in the fourth quarter of this year.
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MSI | Hot Stocks17:01 EST Motorola Solutions raises quarterly dividend 11% to 79c per share - The next quarterly dividend will be payable in cash on January 14, 2022, to shareholders of record at the close of business on December 15, 2021.
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AAON | Hot Stocks16:50 EST AAON to acquire BasX Solutions - AAON announced it has entered into a membership interest purchase agreement to acquire 100% of the equity interests of BasX, LLC, dba BasX Solutions. The transaction terms require an upfront payment of $100M, subject to customary adjustments. Additional payments valued at up to $80M are subject to earn-out milestones that extend through 2023. As a condition to closing, AAON will also sign a real estate purchase agreement with BasX Properties, LLC, an affiliate of BasX, to acquire the real property and improvements utilized by BasX for an additional $22M, subject to customary closing conditions and adjustments. AAON plans to fund the transactions through a combination of cash, borrowings under its revolving credit facility and equity.
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ASND | Hot Stocks16:44 EST Ascendis Pharma reports results of Week 84 of Phase 2 PaTH Forward Trial - Ascendis Pharma announced top-line results from Week 84 of the company's Phase 2 PaTH Forward Trial, a global trial evaluating the safety, tolerability, and efficacy of its investigational TransCon PTH product candidate in adult patients with hypoparathyroidism. TransCon PTH is an investigational once-daily prodrug of parathyroid hormone designed to restore physiologic levels of PTH 24 hours a day. The week 84 data showed that subjects treated with TransCon PTH had both mean serum calcium levels and urinary calcium excretion that remained stable and in the normal range and that most subjects (93%) continued to be free from taking active vitamin D and were taking less than 600 mg/day of calcium supplements. "We believe that these data, combined with nearly all patients continuing in the open label portion of the trial, indicates the potential for TransCon PTH to become the first hormone therapy to replace active vitamin D and therapeutic doses of calcium for adults living with hypoparathyroidism," said Dana Pizzuti, M.D., Ascendis Pharma's Chief Medical Officer and Senior Vice President of Development Operations. "We look forward to sharing our top-line Phase 3 data in Q1 2022 and, if positive, plan to complete an NDA submission to the FDA in mid-2022."
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CLLS | Hot Stocks16:41 EST Cellectis, Cytovia expand gene-edited NK cells partnership in China - Cytovia Therapeutics and Cellectis announced that they have expanded their collaboration of Talen gene-edited iPSC-derived NK and CAR-NK cells to include new CAR target and development in China by Cytovia's joint venture entity, CytoLynx Therapeutics. The amended financial terms include an equity stake totaling $20M in Cytovia stock as well as up to $805M of development, regulatory, and sales milestones and single-digit royalty payments on the net sales of all partnered products commercialized by Cytovia.
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BF.A... | Hot Stocks16:38 EST Brown-Forman raises quarterly dividend 5% to 18.85c per share - Brown-Forman announced that its Board of Directors approved an increase to its quarterly cash dividend and declared a special one-time dividend. The company increased its quarterly cash dividend on its Class A and Class B Common Stock by 5% to 18.85c per share from the prior quarter's 17.95c. As a result, the indicated annual cash dividend will rise from 71.80c per share to 75.40c per share. Stockholders of record on December 3, 2021, will receive the cash dividend on December 28, 2021. This marks the 38th consecutive year of dividend increases at Brown-Forman and the 78th year of paying quarterly dividends at the company. Brown-Forman is a member of the prestigious S&P 500 Dividend Aristocrats Index, which is composed of companies that have increased their cash dividend every year for at least 25 years. Additionally, Brown-Forman's Board of Directors declared a special dividend of $480M on its Class A and Class B stock that will be paid on December 29, 2021 to stockholders of record on December 9, 2021.
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KEY | Hot Stocks16:38 EST KeyCorp increases common stock dividend 5% to 19.5c per share - KeyCorp declared the following dividends for Q4: a cash dividend of 19.5c per share on the corporation's outstanding common shares, payable on December 15 to holders of record as of the close of business on November 30, a 5% increase compared to the 18.5c paid last quarter.
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WD | Hot Stocks16:37 EST Walker & Dunlop arranges JV pact for Avanta and Invesco Real Estate - Walker & Dunlop announced it structured a joint venture partnership between Avanta Residential, a build-for-rent developer, and Invesco Real Estate, a global real estate investment manager. As part of the transaction, Invesco Real Estate acquired 75% of Avanta Residential, which is developing more than 20 neighborhoods and approximately 5,000 homes. Formed in 2020, Avanta plans to create over 40 neighborhoods over the course of the next several years. "Walker & Dunlop's team brought acuity and skill to this equity deal. They met and exceeded the requirements of this complex transaction," commented Jim Dobbie, President of Avanta Residential. "Their extensive knowledge of the BFR asset class and their advisory role were critical in helping us find the ideal equity partner."
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RKLB | Hot Stocks16:37 EST Rocket Lab signs space technology license deal with Johns Hopkins University APL - Rocket Lab announced it has entered into an exclusive license agreement with the Johns Hopkins University Applied Physics Laboratory, or APL, to commercialize near and deep space capable small spacecraft telemetry and control radio technology. The Frontier-S by Rocket Lab software defined radio, or SDR, enables communications and radio navigation for planetary and other missions beyond low Earth orbit, or LEO, as well as communications and radio navigation for missions in GPS-denied environments.
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CNTB | Hot Stocks16:34 EST Connect Biopharma trial of CBP-201 for AD met primary efficacy endpoint - Connect Biopharma Holdings reported positive topline results from the global Phase 2 clinical trial of CBP-201 administered subcutaneously to adult patients with moderate-to-severe atopic dermatitis or AD The data show that the trial met its primary efficacy endpoint, with statistically significant improvements in the percentage reduction in the Eczema Area and Severity Index,EASI, score from baseline to Week 16. All three CBP-201 arms 300mg Q2W, 150mg Q2W or 300mg every four weeks were statistically superior to placebo at Week 16. For EASI secondary endpoints, all three CBP-201 arms showed statistically significant improvements in the proportion of patients achieving at least a 50% or 75% reduction in EASI score from baseline at Week 16, compared with placebo . Statistically significant improvements with CBP-201 300mg Q2W over placebo were also seen for other key secondary efficacy endpoints, including the proportion of patients achieving an Investigator Global Assessment score of 0 or 1 and a reduction of greater than or equal to2 points from baseline at Week 16; and change from baseline to Week 16 in weekly average Peak Pruritus Numerical Rating Scale as well as a range of other endpoints. "We are very pleased to have successfully completed this trial on schedule despite the challenges of the COVID-19 pandemic. The positive efficacy and safety data provide additional evidence that CBP-201 has the potential to be an important addition to the armamentarium for the treatment of AD, a disease which we know is heterogenous with signs and symptoms varying greatly between patients," said Zheng Wei, PhD, Co-Founder and CEO of Connect Biopharma. "Based on these results, we intend to initiate a Phase 3 trial program in mid-2022 to further evaluate the role that CBP-201 may play in addressing the unmet therapeutic need that is a barrier to optimizing outcomes for many patients living with AD. This global Phase 2 trial is also an important milestone in informing us of the potential of CBP-201 in other indications currently being studied, including moderate-to-severe persistent asthma and chronic rhinosinusitis with nasal polyps."
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ECL | Hot Stocks16:32 EST Ecolab CFO Dan Schmechel to retire, Scott Kirkland to succeed - Ecolab announced that Dan Schmechel has decided to step down as its CFO December 31, 2021. Schmechel has been Ecolab's CFO since 2012. Ecolab's CEO Christophe Beck announced that Scott Kirkland will become the company's CFO on January 1, 2022. Schmechel will remain with Ecolab through a transition period and retire in mid-year 2022. Kirkland joined Ecolab in 2005. He is currently the Senior Vice President and Corporate Controller, with global responsibility for corporate planning and analysis, accounting and internal audit functions.
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UCBI | Hot Stocks16:32 EST United Community Banks authorizes share repurchase program of up to $50M - United Community Banks authorized a share repurchase program of up to $50M of United's outstanding common shares and extended the expiration to December 31, 2022. The actual timing, number and value of shares repurchased under the program will be determined by management at its discretion.
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CSSE NLSN | Hot Stocks16:30 EST Chicken Soup for the Soul announces collaboration with Gracenote - Chicken Soup for the Soul (CSSE) announced a new collaboration with Gracenote, an entertainment metadata and content ID provider under Nielsen (NLSN). With this agreement, Crackle Plus systems will use Gracenote entertainment metadata and unique Gracenote IDs to make Crackle, Popcornflix and Chicken Soup for the Soul streaming service titles more searchable and discoverable by viewers across streaming, multichannel video programming distributor, connected TV and digital search platforms. Crackle Plus will also cooperate with Gracenote on distribution of free ad-supported streaming TV channels starting with the upcoming Crackle and Popcornflix launches. Gracenote will provide a set of enriched metadata such as titles, cast and crew, runtime, ratings, synopsis, theme, mood, and episodic imagery. Crackle Plus will use the metadata across its varied AVOD brands and streaming applications, to maximize engagement and consumption of its content. Crackle Plus AVOD networks offer audiences over 90,000 hours of content across its network of streaming services. Each piece of content has its own set of data that must be accessed by any platform offering these titles.
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NUAN MSFT | Hot Stocks16:28 EST Nuance expects merger with Microsoft to close at end of Q1 or early Q2 of FY22 - The company said, "On April 11, 2021, Nuance (NUAN) entered into an Agreement and Plan of Merger with Microsoft (MSFT). Subject to the terms and conditions of the Merger Agreement, Microsoft, through a wholly-owned subsidiary, has agreed to acquire all of the outstanding shares of Nuance common stock for $56.00 per share in an all-cash transaction. As a result of the Merger, Nuance will cease to be a publicly traded company. The acquisition has been approved by Nuance's shareholders, and we expect it to close by the end of the first quarter or early in the second quarter of fiscal year 2022, subject to the satisfaction of certain regulatory approvals and other customary closing conditions."
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MATW | Hot Stocks16:27 EST Matthews says FY22 adjusted EBITDA will be challenged by raised commodity costs - Bartolacci further stated: "We have exciting growth opportunities in several of our businesses. Sales for our energy solutions business, which supports the electric vehicle market, grew significantly in fiscal 2021 and, based on current backlogs and significant interest from multiple well-known auto manufacturers, are expected to significantly grow again in fiscal 2022. The retail-based businesses in our SGK Brand Solutions segment continue to recover from the unfavorable sales impacts of the pandemic. In addition, order rates and backlogs in the warehouse and product identification businesses are expected to support continued sales growth for the Industrial Technologies segment. Further, although declining death rates as the pandemic subsides are expected to impact casket and cemetery memorial unit sales, higher volume trends and continued growth in cremation-related sales are expected to mitigate some of this impact. As a result, we are currently projecting overall growth in consolidated sales for fiscal 2022. Although we are projecting consolidated sales growth for fiscal 2022, adjusted EBITDA will be challenged by the significant increases in commodity costs during the past year. In addition, labor markets, supply chain and other inflationary challenges will also have an impact next year. We expect our projected consolidated sales growth and ongoing cost-reduction initiatives to mitigate some of this impact and, as a result, are projecting a modest decline in consolidated adjusted EBITDA for fiscal 2022."
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SAIC | Hot Stocks16:23 EST SAIC awarded $348M in space and intelligence community contracts during Q3 - The company states: "Science Applications International Corp received $348M in contract awards from space and intelligence community organizations for the third quarter of fiscal year 2022. Proof points of SAIC's successful investment in meaningful and transformational solutions, these awards include two programs that leverage digital engineering and digital transformation. First, SAIC will deliver digital engineering for a classified space customer valued at $100M. Second, SAIC will deliver IT solutions for a classified customer with an initial award of $46M and multi-year growth potential. These awards are consistent with SAIC's multi-year strategy to expand its value to customers and stakeholders through winning solution delivery and system integration contracts. The digital engineering expertise critical in contracts like this quarter's $100M award are also leveraged in the systems delivery and solutions work reported in last quarter's $355M contract within the classified space realm."
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BRP | Hot Stocks16:21 EST BRP Group to acquire Brush Creek Partners, terms not disclosed - BRP Group has entered into an agreement to acquire substantially all the assets of Brush Creek, LLC. Based in Kansas City, Missouri, Brush Creek Partners, also operating as "bcp tech," is a provider of commercial insurance, technology risk management and due diligence solutions for emerging market and middle-market clients in various high growth industries. The Partnership, BRP Group's nomenclature for a strategic acquisition, is expected to close on December 7, 2021, subject to certain closing conditions. "Brush Creek Partners is a unique and rapidly growing independent firm in the Midwest, and we are thrilled to welcome them to the BRP Group family," said John Valentine, Chief Partnership Officer of BRP Group. "Brush Creek Partners' depth of product and industry expertise are important additions to BRP Group's platform, and we believe a tremendous opportunity exists to leverage our collective strengths to continuing innovating and serving our clients. Travis and his incredibly talented team have prioritized innovation and client service, while also fostering a colleague-centric culture, and we are excited to join forces."
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APLE | Hot Stocks16:20 EST Apple Hospitality REIT acquires portfolio of three hotels - Apple Hospitality REIT, Inc. announced the acquisition of a portfolio of three hotels for a total purchase price of $126 million. As previously announced, the portfolio consists of the existing 157-room Hilton Garden Inn Fort Worth Medical Center in Fort Worth, Texas, for a total purchase price of $29.5 million, or approximately $188,000 per key; the existing and recently renovated 112-room Homewood Suites by Hilton Fort Worth Medical Center in Fort Worth, Texas, for a total purchase price of $21.5 million, or approximately $192,000 per key; and the existing 243-room Hampton Inn & Suites by Hilton Portland Pearl District in Portland, Oregon, for a total purchase price of $75 million, or approximately $309,000 per key.
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VXRT | Hot Stocks16:18 EST Vaxart reports VXA-A1 study shows cellular correlates of protection against flu - A new Stanford study published in Cell Host and Microbe has demonstrated that VXA-A1, an investigational oral tablet flu vaccine under development by Vaxart, had cellular correlates of protection against influenza infection. These cellular correlates were found using mass cytometry analysis of vaccine-elicited cellular immune responses in the peripheral blood of participants in a previously reported Phase II H1N1 challenge study of VXA-A1.
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KMB | Hot Stocks16:18 EST Kimberly-Clark declares quarterly dividend of $1.14 per share - The dividend is payable on January 4, 2022, to stockholders of record on December 10, 2021.
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NKE | Hot Stocks16:17 EST Nike raises quarterly dividend to 30.5c per share from 27.5c - The dividend declared is payable on December 28, 2021 to shareholders of record at the close of business December 6, 2021. CEO John Donahoe says: "NIKE continues to fuel growth through our Consumer Direct Acceleration strategy, while generating strong cash flow and increasing returns to shareholders. This is now our 20th consecutive year of increasing dividend payouts, and reflects our strong track record and confidence in our ability to deliver sustainable, profitable, capital-efficient growth over the long-term."
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TUSK | Hot Stocks16:17 EST Mammoth Energy unit awarded EV charging station contract - Mammoth Energy announced that its wholly owned subsidiary, Aquawolf, a Denver-headquartered provider of infrastructure engineering services, has been awarded a contract by a major utility to provide engineering and design service for the building of Electric Vehicle charging station infrastructure to support its clean transportation initiatives. The scope of services under the contract includes direct engineering and oversight of subcontractors providing civil and structural engineering, electrical distribution design, planning, drafting and mapping, permitting and construction support. The multi-year contract was issued in an amount not to exceed $5M and will run into 2024.
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WDAY | Hot Stocks16:15 EST Workday to acquire VNDLY for $510M - Workday has entered into a definitive agreement to acquire VNDLY, a cloud-based external workforce and vendor management technology company. As part of the agreement, Workday will continue to partner with and invest in VNDLY's managed services provider network to deliver service capabilities to customers. In addition, VNDLY will continue to support and integrate with third party HR, finance, IT and legal systems. Under the terms of the definitive agreement, Workday will acquire VNDLY for consideration of approximately $510M, consisting principally of cash, subject to adjustments. The transaction is expected to close in Q4 of Workday's FY22, ending January 31, 2022, subject to the satisfaction of customary closing conditions, including required regulatory approvals.
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NGVC | Hot Stocks16:11 EST Natural Grocers raises quarterly dividend 43% to 10c per share - The dividend will be paid on December 15 to all stockholders of record at the close of business on November 29.
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PANW | Hot Stocks16:10 EST Palo Alto Networks CEO says 'we continue to see strong customer demand' - "Q1 was a strong start to fiscal year 2022, driven by strength in both our product and Next-Generation Security businesses, giving us confidence to raise our revenue and billings guidance for the year," said Nikesh Arora, chairman and CEO of Palo Alto Networks. "We continue to see strong customer demand and have continued to release key innovations which give us confidence in the durable growth we presented at our September Analyst Day." "The combination of strong top-line metrics, upside to our profitability goals, and cash conversion for Q1 showcase our focus on total shareholder return," said Dipak Golechha, CFO of Palo Alto Networks.
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WDAY | Hot Stocks16:08 EST Workday promotes Barbara Larson to chief financial officer - Workday announced the promotion of Doug Robinson to co-president and Barbara Larson to chief financial officer, or CFO. As CFO, Larson will oversee the company's finance functions, including accounting, tax, treasury, planning, and investor relations. As CFO, effective February 1, 2022, Barbara will lead the Workday finance functions, in addition to partnering on the Workday Financial Management product and business strategy. Barbara joined Workday in 2014 and has held several finance leadership positions at the company, including most recently as senior vice president of accounting, tax, and treasury. Prior to that role, Barbara was general manager of Workday Financial Management, where she oversaw the company's financial management applications.
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NSA | Hot Stocks16:06 EST National Storage raises quarterly dividend to 45c per share from 41c - The dividend is payable on December 30, 2021 to shareholders of record on December 15, 2021.
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WDAY | Hot Stocks16:06 EST Workday sees FY22 subscription revenue $4.53B-$4.54B - Sees FY22 operating margin 22%. "In the third quarter, we continued to see increased demand exceed our expectations, with more global organizations selecting our products to manage their people and finances and existing customers expanding their Workday footprint," said Chano Fernandez, co-CEO, Workday. "As we look to the future, we will continue to accelerate our investments in our go-to-market efforts and our people, who are so critical to our success. We are well positioned with a strong foundation heading into fiscal 2023. We reported a strong third quarter, once again accelerating subscription revenue growth, as organizations across the globe look to Workday as their strategic partner in driving their Finance and HR digital transformations," said Robynne Sisco, co-president and chief financial officer, Workday. "As a result, we are raising our fiscal 2022 guidance for subscription revenue to a range of $4.533 billion to $4.535 billion, growth of 20%. We expect fourth-quarter subscription revenue of $1.216 billion to $1.218 billion, growth of 21%. We are also raising our fiscal 2022 non-GAAP operating margin guidance to 22%."
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ENTA | Hot Stocks16:05 EST Enanta discontinuing development of EDP-721 - Enanta Pharmaceuticals announced it is discontinuing development of EDP-721, an oral HBV RNA destabilizer, based on emerging safety observations in the single ascending dose part of a Phase 1 study in healthy volunteers. "Despite the clean preclinical safety profile demonstrated in comprehensive toxicology studies, safety signals were seen in healthy subjects after administration of EDP-721. Patient safety is our top priority, and we have therefore decided to discontinue further development of this compound," said Jay R. Luly, CEO. "We are committed to developing a functional cure for chronic hepatitis B patients, and remain confident in EDP-514, our HBV core inhibitor, which has demonstrated safe and robust antiviral activity in Phase 1b studies of viremic and NUC-suppressed patients with chronic HBV infection. We believe core inhibitors will be an important component of a successful combination regimen, and we will look to advance our HBV program with additional mechanisms from internal discovery efforts, external opportunities, or both. Importantly, we are grateful to our Principal Investigator and his study team, and the participants in the Phase 1 study for their commitment to HBV research, and to our team for all their efforts in supporting the development and clinical evaluation of EDP-721."
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WDAY | Hot Stocks16:04 EST Workday sees Q4 subscription revenue $1.22B, up 21%
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IMUX | Hot Stocks16:04 EST Immunic enrolls first patient in its Phase 3 trial of sclerosis candidate - Immunic announced the first patient enrolled in its phase 3 ENSURE program of lead asset, vidofludimus calcium, the company's selective oral DHODH inhibitor, in patients with relapsing multiple sclerosis. The ENSURE program comprises twin multicenter, randomized, double-blind phase 3 trials designed to evaluate the efficacy, safety, and tolerability of vidofludimus calcium versus placebo in RMS patients. Each trial is expected to enroll approximately 1,050 adult patients with active RMS at more than 100 sites in more than 15 countries, including the United States, Latin America, Central and Eastern Europe, and India. Patients will receive either 30 mg daily doses of vidofludimus calcium or placebo and the primary endpoint for both trials is time to first relapse up to 72 weeks. Key secondary endpoints include volume of new T2-lesions, time to confirmed disability progression, time to sustained clinically relevant changes in cognition, and percentage of whole brain volume change, grey matter volume, and white matter volume. With regard to the disability progression endpoint, the ENSURE program applies a pooled analysis of disability worsening across both trials, which may be further supported by data from the CALLIPER trial.
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FB MVRS | Hot Stocks16:04 EST Coalition of AGs investigating Instagram's impact on young people - New York Attorney General Letitia James has announced that she and a coalition of attorneys general from around the nation are investigating Meta - formerly known as Facebook - "for providing and promoting the social media platform Instagram to children and young adults despite knowing that such use is associated with physical and mental health harms. The coalition of attorneys general are examining whether the company violated state consumer protection laws and put the public at risk." The investigation targets, among other things, the techniques utilized by Meta to increase the frequency and duration of engagement by young users and the resulting harms caused by such extended engagement. The announcement follows recent reports revealing that Meta's own internal research shows that using Instagram is associated with increased risks of physical and mental health harms on young people, including depression, eating disorders, and even suicide. In May, as part of a bipartisan coalition of 44 attorneys general, Attorney General James urged Facebook to abandon its plans to launch a version of Instagram for children under the age of 13.Reference Link
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PHAS | Hot Stocks16:04 EST PhaseBio names Jonathan Birchall as Chief Commercial Officer - PhaseBio announced the appointment of Jonathan J. Birchall as Chief Commercial Officer. Jonathan has over 25 years of experience in the biopharmaceuticals industry, including building and leading commercial teams in the United States and the United Kingdom. He joins PhaseBio after 12 years at Genentech where, most recently, he was Vice President and U.S. Head of the company's thrombolytics franchise.
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AMD | Hot Stocks16:01 EST AMD, MediaTek partner to co-engineer Wi-Fi solutions - MediaTek and AMD announced a collaboration to co-engineer industry leading Wi-Fi solutions, starting with the AMD RZ600 Series Wi-Fi 6E modules containing MediaTek's new Filogic 330P chipset. The Filogic 330P chipset will power next-generation AMD Ryzen-series laptop and desktop PCs in 2022 and beyond, delivering fast Wi-Fi speeds with low latency and less interference from other signals. To optimize the AMD RZ600 Series Wi-Fi 6E modules with a focus on delivering seamless connectivity experiences for customers, AMD and MediaTek developed and certified PCIe and USB interfaces for modern sleep states and power management, which are vital elements of modern customer experiences. Further, the optimization process included stress testing and ensuring compatibility standards, which may ultimately reduce development time for OEM customers.
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UMGNF | Hot Stocks15:35 EST Pershing Square sees Universal Music growth continuing beyond medium-term - Says duration of growth for Universal Music Group likely to continue beyond medium-term. Says people starting to already to see margin progression for UMG after Q1 results. Says there's some confusion over whether UMG needs to spend money to grow. Says company can achieve topline growth rate of double digits without having to invest much in M&A. Says deals for a catalogues would be additive to growth, not essential to it. Comments taken from Q3 Investor Call.
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UMGNF PSTH | Hot Stocks15:35 EST Ackman's Pershing Square says Universal Music Group a 'very undervalued' asset - Says Q3 "quite a strong quarter." Says building position in a new name that won't be discussed on the call. Says believes has achieved NYSE SPAC rules for Pershing Square Tontine (PSTH). Says Universal Music Group (UMGNF) a "very undervalued" asset. Says market starting to understand "core parts of the story" with UMG. Comments taken from Q3 Investor Call.
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SYK | Hot Stocks15:15 EST Stryker fractionally lower as investor day meeting continues - Stryker began its virtual investor meeting at 2:30 pm and shares are down fractionally to $261.44 near 3:15 pm ET.
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NTDOY | Hot Stocks14:54 EST Nintendo partners with Panda Global to launch 'Smash Bros.' esports circuit - Nintendo said it is partnering with esports team Panda Global to launch the first officially licensed "Super Smash Bros." championship circuit in North America in 2022. Reference Link
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PFE | Hot Stocks13:32 EST Pfizer receives marketing authorization for XELJANZ in the EU - Pfizer announced that the European Commission has approved XELJANZ 5 mg twice daily for the treatment of adults with active ankylosing spondylitis who have responded inadequately to conventional therapy. XELJANZ is an oral Janus kinase inhibitor approved for five indications in the European Union, including in adults with moderate to severe active rheumatoid arthritis, adults with active psoriatic arthritis, adults with moderately to severely active ulcerative colitis, and patients 2 years of age or older with active polyarticular juvenile idiopathic arthritis and juvenile psoriatic arthritis. The approval of XELJANZ for AS is based on data from a Phase 3, multicenter, randomized, double-blind, placebo-controlled study that evaluated the efficacy and safety of tofacitinib 5 mg twice daily versus placebo in 269 adult patients living with active AS. The study met its primary endpoint showing that at week 16, the percentage of patients achieving an Assessment in SpondyloArthritis International Society 20 response was significantly greater with tofacitinib versus placebo. In addition, the percentage of ASAS40 response was significantly greater with tofacitinib versus placebo, a key secondary endpoint of the study. ASAS20/40 are used for defining improvement or response to treatment. In general, the types of adverse drug reactions in patients with ankylosing spondylitis were consistent with the known safety profile of XELJANZ.
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IONS | Hot Stocks13:32 EST Ionis initiates donidalorsen Phase 3 clinical program in hereditary angioedema - Ionis Pharmaceuticals announced initiation of OASIS-HAE, the registrational study in the donidalorsen Phase 3 clinical program. Donidalorsen is an investigational antisense medicine designed to reduce the production of prekallikrein, which plays a key role in the activation of inflammatory mediators associated with acute attacks of hereditary angioedema, or HAE. Donidalorsen uses Ionis' LIgand-Conjugated Antisense, or LICA, technology, the company noted. OASIS-HAE is a double-blind, randomized, placebo-controlled registrational study in up to 84 patients with hereditary angioedema, Types 1 and 2. Patients will be randomized to receive monthly or bi-monthly subcutaneous donidalorsen for 25 weeks. Following the placebo-controlled portion of the study, patients may enter the 52-week open-label extension study.
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PSTH | Hot Stocks13:15 EST Pershing Square sees Pershing Square Tontine in business by year-end - Sees making prospectus filing for Pershing Square Tontine Holdings by November 24. Says making progress in terms of structure design to make it a "more compelling" entity. Comments taken from Q3 Investor Call.
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DPZ | Hot Stocks13:11 EST Pershing Square says Domino's staffing issues 'temporary' - Says Domino's reported "strong" set of results last quarter. Sees labor shortage for Domino's as "temporary." Says company proactively taking action to offset staffing issues. Says internationally Domino's continuing streak of SSS growth. Says carryout contribution was positive to SSS in Q3. Comments taken from Q3 Investor Call.
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HHC | Hot Stocks13:07 EST Pershing Square 'very optimistic' about Howard Hughes long-term growth potential - Says Howard Hughes had "stellar" Q3. Says the company has emerged with "strong" balance sheet. Says "very optimistic" about Howard Hughes long-term growth potential. Says HHC remains "very cheap" stock. Comments taken from Q3 Investor Call.
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QSR | Hot Stocks13:02 EST Pershing Square says Restaurant Brands continues to make growth progress - Says Restaurant Brands continuing to make progress in growth plans. Says stores in super-urban locations and stores without drive-throughs are the ones struggling the most. Says fundamentally believes Burger King U.S. issues are fixable. Says new president of Burger King U.S. poised to turn things around. Says Burger King International and Popeye's both growing fairly well. Says thesis behind Restaurant Brands investment is due to strong management and its strong setup for success. Comments taken from Q3 Investor Call.
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HLT | Hot Stocks12:58 EST Pershing Square says Hilton 'fairly rapidly' staging post-COVID comeback - Says Hilton is "fairly rapidly" staging a comeback after COVID. Says company still not back at pre-pandemic RevPAR, but it's "getting close." Sees Hilton's RevPAR returning to pre-COVID levels next year. Says Hilton was forced to cut a lot of costs to be more efficient during the pandemic. Sees Hilton having higher earnings base within next year. Comments taken from Q3 Investor Call.
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UNTY | Hot Stocks12:53 EST Unity Bancorp raises quarterly dividend 11% to 10c per share - Unity Bancorp announced that its Board of Directors has declared a cash dividend of 10c per common share. Such dividend is payable on December 31, 2021, to shareholders of record as of December 17, 2021. This represents an 11% increase from the 9c dividend per common share paid in the prior quarter, and a 25% increase from the 8c dividend per common share paid in March 2021. The estimated dividend payout ratio is approximately 10% based on Unity's September 30, 2021 quarterly results.
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CMG | Hot Stocks12:52 EST Pershing Square says Chipotle still has strong pricing power - Says Chipotle continuing to see "solid" results. Says Chipotle still has strong pricing power. Says staffing "key challenge" for Chipotle right now, but company "doing a good job so far" with that issue. Says once current staffing environment subsides, retention will likely be better and higher throughput will occur from more lunch and dinner customers. Comments taken from Q3 Investor Call.
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LOW | Hot Stocks12:46 EST Pershing Square sees Lowe's growing earnings at a 'fairly attractive rate' - Says Lowe's results "looked pretty good," "another great quarter." Says Lowe's should "significant" SG&A leverage in Q3 results. Says entire home improvement category has seen "robust" demand as consumer behavior changes after COVID-19. Says SSS growth driven by increase in DIY customers, removal of lockdown resulting in larger scale home improvement projects. Says management noted that October SSS strength is continuing in November so far. Sees Lowe's growing earnings at "fairly attractive rate." Says Lowe's continues to be one of the cheaper stocks the firm owns. Says continues to see line of sight for double-digit earnings growth. Comments taken from Q3 Investor Call.
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AAPL | Hot Stocks12:42 EST Apple up nearly 3% to $157.57 after Bloomberg report on self-driving car plans
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WMG | Hot Stocks12:40 EST Pershing Square sees Warner Music growth continuing beyond medium-term - Says duration of growth for Warner Music Group likely to continue beyond medium-term. Says people starting to already to see margin progression for WMG after Q1 results. Says there's some confusion over whether WMG needs to spend money to grow. Says company can achieve topline growth rate of double digits without having to invest much in M&A. Says deals for a catalogues would be additive to growth, not essential to it. Comments taken from Q3 Investor Call.
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WMG PSTH | Hot Stocks12:38 EST Ackman's Pershing Square says Warner Music Group a 'very undervalued' asset - Says Q3 "quite a strong quarter." Says building position in a new name that won't be discussed on the call. Says believes has achieved NYSE SPAC rules for Pershing Square Tontine (PSTH). Says Waner Music Group (WMG) a "very undervalued" asset. Says market starting to understand "core parts of the story" with WMG. Comments taken from Q3 Investor Call.
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VIVHY | Hot Stocks12:23 EST Vivendi, Fininvest, Mediaset agree to amend provisions of agreements - Vivendi, Fininvest and Mediaset announce that, they agreed to amend certain provisions of the agreements entered into on May 3, 2021 and July 22, 2021 in order to take account of the matters upon which Mediaset's shareholders' meeting will resolve on November 25, 2021, with particular reference to the introduction - subject to approval by the shareholders' meeting - of a dual-class share structure through the conversion of each outstanding Mediaset share into an ordinary share B and the allotment of an ordinary share A for each ordinary share B. As a result, with reference to Vivendi's undertaking to sell on the market the entire stake in Mediaset currently held through Simon Fiduciaria over a period of five years, it was agreed today that one-fifth of the ordinary shares A and the ordinary shares B will be sold each year at a minimum price of EUR 1.375 in year 1, EUR 1.40 in year 2, EUR 1.45 in year 3, EUR 1.5 in year 4, and EUR 1.55 in year 5; in any case, Vivendi will be entitled to sell the ordinary shares A and/or ordinary shares B held through Simon Fiduciaria at any time if their price reaches EUR 1.60. This is without prejudice to Fininvest's right to purchase any unsold shares in each 12-month period, at the new agreed annual price. In addition, in view of Vivendi's willingness to vote in favor of Mediaset's Board of Directors' proposals on the introduction of a dual-class share structure, the parties have agreed - in partial derogation from what was originally agreed on May 3, 2021 - that, at Mediaset's shareholders' meeting of November 25, 2021, Vivendi will be entitled to exercise the voting rights attached to the shares it holds directly - and instruct Simon Fiduciaria to exercise the voting rights attached to the shares held on behalf of Vivendi - by voting in favor of the proposal to create two classes of shares.
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NKE RBLX | Hot Stocks12:17 EST Nike announces opening of 'Nikeland' on Roblox platform - Nike (NKE) announced in a post to its website: "There's a new place on Roblox for Nike fans to connect, create, share experiences and compete: NIKELAND. Nike created this bespoke world with the backdrop of its world headquarters and inside Roblox's immersive 3D space, building on its goal to turn sport and play into a lifestyle." Reference Link
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RBLX NKE | Hot Stocks12:12 EST Roblox partners with Nike to launch 'Nikeland' - Roblox (RBLX) has partnered with Nike (NKE) to launch "Nikeland," a Roblox game area where "sport has no rules." The Nikeland Showroom includes "a collection of Nike shoes, clothes, and accessories to personalize your look, including a free exclusive Nike cap and backpack you can take with you anywhere on Roblox," the companies state on a launch page for the game environment. Reference Link
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RMO | Hot Stocks12:00 EST Romeo Power falls -12.7% - Romeo Power is down -12.7%, or -66c to $4.51.
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MTL | Hot Stocks12:00 EST Mechel falls -13.7% - Mechel is down -13.7%, or -55c to $3.42.
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VIPS | Hot Stocks12:00 EST Vipshop falls -17.1% - Vipshop is down -17.1%, or -$2.10 to $10.13.
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BJ | Hot Stocks12:00 EST BJ's Wholesale rises 16.3% - BJ's Wholesale is up 16.3%, or $9.79 to $69.75.
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YSG | Hot Stocks12:00 EST Yatsen rises 17.2% - Yatsen is up 17.2%, or 47c to $3.17.
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M | Hot Stocks12:00 EST Macy's rises 19.2% - Macy's is up 19.2%, or $5.94 to $36.77.
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TM... | Hot Stocks11:55 EST Lexus, Mazda, Toyota most reliable auto brands, says Consumer Reports - According to Jon Linkov of Consumer Reports, Lexus (TM), Mazda (MZDAF), and Toyota are once again the most reliable auto brands as part of CR's annual auto reliability brand rankings. Rounding out the top five this year are Infiniti (NSANY), which saw a "significant improvement" in reliability, and Buick (GM), which moved one spot to number five this year. While cars, including sedans, hatchbacks, wagons, coupes, and convertibles, are most reliable, all-electric SUVs are the lowest-ranking category, with an overall reliability of below average. "A popular belief is that because electric models have fewer drive components there is less that can go wrong," Linkov said. "However, automakers continue to add new technology to these advanced models, beyond the powertrains, particularly the luxury models such as the Audi (AUDVF) E-Tron and Tesla (TSLA) Model X. Members often report more problems with their in-car electronics and power equipment than with the electric drivetrain." Other companies in the auto space include Honda (HMC), Ford (F), Stellantis (STLA), Daimler (DDAIF), and Volkswagen (VWAGY). Reference Link
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GM | Hot Stocks11:32 EST Merchants Fleet expands BrightDrop EV order to 18,000 - BrightDrop announced that Merchants Fleet plans to expand its purchase order to 18,000 BrightDrop electric vehicles with the addition of 5,400 EV410s - the recently unveiled mid-size electric light commercial vehicle. The EV410 order adds to the 12,600 EV600s slated to be integrated into the company's fleet starting in 2023. BrightDrop is a new business, from General Motors, "reimagining the commercial delivery and logistics industry for an all-electric future. Its portfolio of products, software, and services are designed to decarbonize last-mile deliveries and reduce congestion for a smarter, more sustainable future," according to GM.
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UL UN | Hot Stocks11:24 EST Unilever to sell Tea business, ekaterra, to CVC Capital for EUR 4.5B - Unilever announced that it has entered into an agreement to sell its global Tea business, ekaterra, to CVC Capital Partners Fund VIII for EUR 4.5B on a cash-free, debt-free basis. "ekaterra is the world's leading Tea business, with a portfolio of 34 brands including Lipton, PG tips, Pukka, T2 and TAZO. The business generated revenues of around EUR 2B in 2020," the company stated. Alan Jope, CEO of Unilever said: "The evolution of our portfolio into higher growth spaces is an important part of our growth strategy for Unilever. Our decision to sell ekaterra demonstrates further progress in delivering against our plans. We are proud of the place that our Tea business has in our company's history. We look forward to seeing ekaterra, with its strong brands and global footprint, prosper under CVC's ownership. I would like to thank our Tea colleagues around the world for their passion and commitment to our Tea business and wish them well for the future." Completion of the transaction is subject to completion of works council consultation processes and the receipt of certain regulatory approvals. Completion is expected in the second half of 2022. The transaction perimeter excludes Unilever's Tea business in India, Nepal and Indonesia as well as Unilever's interests in the Pepsi Lipton ready-to-drink Tea joint ventures and associated distribution businesses.
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SJM | Hot Stocks11:18 EST J.M. Smucker to invest $1.1B in Uncrustables manufacturing facility - The J.M. Smucker Co. announced it will invest $1.1B to build a new manufacturing facility and distribution center in McCalla, Alabama, dedicated to production of Smucker's Uncrustables sandwiches. Construction of the facility is expected to begin no later than January 2022, with production commencing in calendar year 2025. "The project demonstrates the company's commitment to meet increasing demand for this highly successful product and deliver on its strategy to focus on growth brands. The new facility marks the third manufacturing location dedicated to the Smucker's Uncrustables brand, along with existing facilities in Scottsville, Kentucky, and Longmont, Colorado. This new facility, and a completed expansion at the Longmont location, will support the company's strategy to more than double its current production capacity. The ongoing demand for the frozen handheld sandwich has driven the brand's growth over time to approximately $500M in annual net sales, demonstrating double-digit net sales growth annually over the past decade. With increased production capacity, the company expects to grow the Smucker's Uncrustables brand over the next five years to approximately $1B in annual net sales," the company stated.
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VYGVF | Hot Stocks11:02 EST Voyager Digital participates in $15M seed funding round in Particle - Voyager Digital announced participation in the $15M seed funding round in Particle. The company said, "Powered by the Avalanche blockchain, Particle is building a platform that enables anyone to own some of the world's greatest masterpieces by collectively participating in the art market. Founders include Loic Gouzer, former chairman of Christie's Post-War and Contemporary Art, Shingo Lavine and Adam Lavine, co-founders of Ethos.io, Philip Eytan, co-founder and chairman of Voyager, and Oscar Salazar, founding CTO and Chief Architect of Uber and advisor to Voyager." Particle divides each piece of art into 10,000 unique NFTs or "Particles," each with its own title deed stored on the Blockchain. Once a buyer purchases a Particle, they receive a digital certificate, or collector's card, representing its owner's specific ownership in the artwork. Purchasers then have the right to buy and sell their Particles on secondary markets, trade, or transfer them to anyone they wish. Particle purchasers will also have the opportunity to view the artwork whenever and wherever it is displayed and enjoy the right to call the artwork partly theirs.
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DCRN DCFC | Hot Stocks10:59 EST Tritium says EVCS to purchase over 400 fast chargers - Tritium Holdings announced that it has joined forces with EVCS to expand electric vehicle charging solutions in California, Oregon, and Washington. EVCS has entered into a contract to purchase over 400 Tritium fast chargers to add to its more than 100 Tritium charger fleet, the company said in a statement. For the three months ended September 30, Tritium added that its booked record orders of approximately $55M. As announced on May 26, Tritium has entered into a definitive agreement for a business combination with Decarbonization Plus Acquisition Corporation II (DCRN). Completion of the proposed transaction is currently expected to occur in either December 2021 or January 2022. The combined company will be named Tritium and is expected to be listed on the Nasdaq and trade under the new ticker symbol (DCFC).
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BIIB | Hot Stocks10:18 EST Biogen drops 1% to $256.36 after Bloomberg insurer survey on Aduhelm
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SO | Hot Stocks10:04 EST Southern Company signs cooperation agreement with U.S. DOE - Southern Company and the U.S. Department of Energy have established a cooperative agreement to design, construct and operate the Molten Chloride Reactor Experiment, the world's first critical fast-spectrum salt reactor. Selected for funding under DOE's Advanced Reactor Demonstration Program, the small reactor experiment will advance TerraPower's Molten Chloride Fast Reactor - a technology important to a sustainable clean energy future. Southern Company research and development will lead the effort in a collaboration that includes TerraPower, Idaho National Laboratory, CORE POWER, Orano Federal Services, the Electric Power Research Institute and 3M Company. The team's ongoing alliance with DOE's Office of Nuclear Energy through the ARDP is essential for delivering this key technology and will be supported by a five-year, $170 million cost-shared funding agreement. The Molten Chloride Reactor Experiment will be the world's first fast-spectrum, salt-fueled nuclear fission reactor to go critical, meaning that it is operating on a self-sustaining nuclear chain reaction. The project represents a significant inflection point in the technology demonstration road map for TerraPower's MCFR, as the project will inform the design, licensing and operation of an MCFR demonstration reactor. An environmental review will be completed for the Molten Chloride Reactor Experiment in accordance with the National Environmental Policy Act before final design and construction begin.
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M | Hot Stocks10:02 EST Macy's says engaged Alix Partners to help 'further unlock value' - Jeff Gennette, Macy's Chairman and CEO, said earlier on the company's Q3 earnings call: "We regularly review the structure of our business and our strategy and are open to all options that are likely to create long-term shareholder value. This past year, we conducted an analysis of our e-commerce and brick-and-mortar operations, evaluating how each contribute to the value of the company as well as how each benefits from being integrated and working together. In collaboration with our board and with assistance from our advisers, we look at multiple business models that would create long-term shareholder value while always respecting the omnichannel behavior of the customer. This work supports our digitally led omnichannel Polaris strategy that we are successfully executing. That said, we also recognize the significant value of the market assigning to pure e-commerce businesses. And as we look at the landscape today, we are undertaking additional analysis that could help inform our long-term strategy to further unlock value for Macy's. To help in these efforts, we have recently engaged Alix Partners to work with our board and financial advisers. It is too early to tell what the results of this additional analysis will be, but we plan to update everyone after the work is complete."
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ADRNY | Hot Stocks10:02 EST Ahold Delhaize says share buyback program recommences today - Ahold Delhaize announced on October 12, 2021 that it would recommence its share buyback program shortly after the end of the third quarter closed period. Execution of the EUR 1B program "recommences today and is expected to be completed before year-end," the company said in a statement.
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PRPO | Hot Stocks10:01 EST Precipio receives NYS approval for HemeScreen for POL clinical use - Precipio announces that its HemeScreen RUO assay has received the required approval from New York State's Department of Health. Hemescreen can now be used by New York based physician-owned laboratories who apply to run HemeScreen in their lab as a laboratory-developed test. New York State's DOH is considered one of the strictest regulatory bodies in the US; laboratories interested in setting up and running new assays must submit comprehensive validation data demonstrating the accuracy, efficacy, reliability, and reproducibility of those assays. New York State's DOH conducts an in-depth, rigorous analytical review of the various aspects of the assay and ultimately, if acceptable, provides the submitting laboratory with approval to run the test. Precipio's first customer in NY State, New York Cancer & Blood Specialists embarked on this process earlier this year. It conducted the relevant tests, submitted the required data and responded to numerous rounds of information requests from the NY DOH related to the assay. Now that the process for submitting for NY DOH approval has been established, other POLs in New York State can apply and submit for approval to run HemeScreen in their labs. The launch of our Hemescreen assay by a reputable group such as NYC&B will serve as a powerful case study for other POLs to follow suit. Given the size of the POL practice, the number of doctors, the practice's estimated sample volume, and the potential panels they will use, Precipio estimates that New York Cancer & Blood can potentially generate seven-figure revenues for Precipio. In addition to AON, a Florida-based customer that also recently began running HemeScreen, these two customers alone could provide a substantial revenue increase for Precipio, and a substantial reduction of the company's cash burn.
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BABA | Hot Stocks10:00 EST Alibaba falls -9.7% - Alibaba is down -9.7%, or -$15.67 to $145.91.
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CTOS | Hot Stocks10:00 EST Custom Truck One Source falls -9.9% - Custom Truck One Source is down -9.9%, or -94c to $8.51.
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VIPS | Hot Stocks10:00 EST Vipshop falls -13.4% - Vipshop is down -13.4%, or -$1.64 to $10.59.
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VSCO | Hot Stocks10:00 EST Victoria's Secret rises 14.6% - Victoria's Secret is up 14.6%, or $7.37 to $57.88.
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ZTO | Hot Stocks10:00 EST ZTO Express rises 14.8% - ZTO Express is up 14.8%, or $4.27 to $33.09.
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M | Hot Stocks10:00 EST Macy's rises 17.0% - Macy's is up 17.0%, or $5.25 to $36.09.
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TDOC | Hot Stocks09:57 EST Teladoc moves lower after investor day slides, shares down 4% to $129.50
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BABA | Hot Stocks09:47 EST Alibaba falls -8.3% - Alibaba is down -8.3%, or -$13.49 to $148.09.
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MTL | Hot Stocks09:47 EST Mechel falls -9.8% - Mechel is down -9.8%, or -39c to $3.58.
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VIPS | Hot Stocks09:47 EST Vipshop falls -10.5% - Vipshop is down -10.5%, or -$1.28 to $10.95.
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M | Hot Stocks09:47 EST Macy's rises 12.8% - Macy's is up 12.8%, or $3.95 to $34.79.
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ZTO | Hot Stocks09:47 EST ZTO Express rises 15.2% - ZTO Express is up 15.2%, or $4.39 to $33.21.
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RAAS | Hot Stocks09:47 EST Cloopen rises 17.1% - Cloopen is up 17.1%, or 72c to $4.93.
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TDOC | Hot Stocks09:46 EST Teladoc up 1% to $136.55 after issuing sales outlook through 2024
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TRYPF | Hot Stocks09:40 EST Tryp Therapeutics says FDA requests changes to Phase 2a study protocol - Tryp Therapeutics announced today that it has received correspondence from the U.S. Food and Drug Administration related to the Company's Investigational New Drug application for a clinical study in overeating disorders. The FDA has requested certain changes to the protocol of the upcoming study, and Tryp will be modifying the protocol to incorporate all of the FDA's requests. The primary changes include the following: Focusing enrollment of the initial phase 2a study on patients with binge eating disorder; Submitting an IND for a separate phase 2a study to evaluate the use of synthetic psilocybin for patients with hypothalamic obesity. Tryp expects to submit a formal response to the FDA within the next 10 days outlining the modifications to the protocol and informed consent form for the study to comply with the requests. The FDA has indicated that it will then respond to the modifications within 30 days
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WOLF | Hot Stocks09:35 EST Wolfspeed targets CAGR growth of 30% through FY26, reaching $2.1B in revenue - Targets FY26 gross margins of 50%-54% vs. 50% in FY21 and free cash flow at about 20% vs. 15% in FY21. Comments taken from the company's investor presentation slides yesterday.
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CTEK | Hot Stocks09:32 EST CynergisTek expands relationship with Northeast health system - CynergisTek announces a six-figure expansion contract with a large multi-site health system to conduct medical device security assessment and program development services.
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LEA | Hot Stocks09:27 EST Lear raises quarterly cash dividend to 77c from 50c per share - The dividend is payable on December 29 to shareholders of record at the close of business on December 10.
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MYMD ORMP | Hot Stocks09:25 EST MyMD Pharmaceuticals announces Oramed establishes joint venture - MyMD Pharmaceuticals (MYMD) announced that its investment company Oravax, partially owned with its majority partner Oramed (ORMP) has established a 50-50 joint venture with Genomma Lab Internacional, S.A.B. de C.V., a pharmaceutical and personal care products company in Latin America with an expanding international presence, to develop and commercialize Oravax's oral COVID-19 vaccine candidate in Mexico. Nadav Kidron, Oramed CEO and Oravax chairman, and Rodrigo Herrera, Genomma Lab chairman, will hold a joint press event, Thursday, November 18. The live press event will be available via Zoom. Oramed and MYMD are currently evaluating several options with respect to their interest in Oravax, including a potential distribution of Oravax shares to both Oramed and MYMD shareholders. This would make Oravax a publicly held company. MyMD's ownership of Oravax consists of 13% of Oravax's outstanding shares of capital stock and a 2.5% royalty on all future net sales. To align interests and deepen the collaboration, Oramed and Genomma Lab announced their intention to enter into a $20M share swap. Genomma Lab has also committed to participate in a future investment in Oravax.
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F | Hot Stocks09:25 EST S&P Global Ratings revises Ford outlook to positive from negative - S&P Global Ratings revised its outlook on Ford and its subsidiary Ford Motor Credit to positive from negative and affirmed its 'BB+' issuer ratings on both companies. Ford's earnings and cash flow for 2022 and 2023 will likely be better than prior forecasts, the ratings agency said in a statement. The firm expects the company's ongoing cost reduction programs, "favorable" product pricing and working capital improvements will support free operating cash flow to debt of well above 15% in 2022 after a "large" automotive free cash outflow in 2021. These positives "could offset a large portion of inflation risks, mostly associated with aluminum, steel, and precious metals," S&P said.
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ADM | Hot Stocks09:25 EST Archer Daniels makes equity investment in FBN's capital funding raise - ADM and Farmers Business Network "a global farmer-to-farmer network and AgTech company," announced that ADM has made an equity investment as part of FBN's latest capital funding raise, and that the companies have signed a letter of intent to expand their existing relationship through a wide range of potential future areas of cooperation," the statement said. This partnership combines ADM's scale and expertise across the global food and agriculture value chain with FBN's cutting-edge digital farm commerce and data-analytics capabilities to identify opportunities to increase farmer profitability, expand sustainable agricultural practices, and provide farmers unprecedented convenience and product accessibility. ADM and FBN have agreed to examine several areas of collaboration, including developing premium end markets for low-carbon grain that will reward farmers for the adoption of regenerative practices...."Differentiated grain and sustainable solutions are two of ADM's strategic growth platforms, and FBN is the perfect partner to help power our success as we work together to find new ways to cultivate incremental value for stakeholders across the food, sustainable solutions and agricultural value chain," said Greg Morris, president of ADM's Ag Services & Oilseeds business. "We've already been working with FBN and producers to connect verifiable low-carbon crops with market demand, and now we're excited to explore new areas of growth, from digital technology and analytics, to e-commerce, to shared infrastructure and geographical expansion."
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UIS | Hot Stocks09:24 EST Unisys acquires Mobinergy, terms not disclosed - Unisys announced it has acquired Mobinergy, which specializes in Unified Endpoint Management. Unisys is funding the transaction with cash on hand and will focus on growing Mobinergy activities globally to expand its UEM business. Mobinergy, which has operations in France, the UK and Germany, will expand and enhance Unisys' existing UEM expertise. The UEM market is estimated at $3.4B in 2020 and is expected to grow at an approximately 32% CAGR through 2027, according to Grand View Research.
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HON | Hot Stocks09:22 EST Honeywell to open advanced R&D testing facility in Czech Republic - Honeywell announced plans to build a new advanced research and development testing facility for its Honeywell Intelligrated warehouse automation business to meet growing demand for technologies that enable faster, more accurate supply chains. The 150,000-plus square foot state-of-the-art facility will be built on Honeywell's Brno, Czech Republic, campus - home to Honeywell's existing research and development hub for Central and Eastern Europe - and is expected to open in mid-2022. The facility will enable Honeywell hardware and software engineers to design, prototype and test innovative warehouse automation systems used by logistics companies to improve the accuracy, efficiency and throughput of packages within distribution centers and warehouses. Toward the latter part of 2022, Honeywell will open a customer training facility at the new site. The company will hire dozens of highly skilled technical specialists over the next 18 months as the facilities come online.
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NTNX | Hot Stocks09:21 EST Nutanix names Anja Hamilton as Chief People Officer - Nutanix that it has named Anja Hamilton as Chief People Officer, effective January 4. With more than 20 years of experience in human resources leadership roles, Hamilton brings deep expertise in accelerating growth through aligning people with business and customer objectives, shaping corporate culture, and creating an employee-first environment.
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HLTH | Hot Stocks09:20 EST Cue Health and Helix partner for COVID-19 variant information solution - Cue Health and Helix, a genomics company that provides nationwide viral surveillance of respiratory disease, announced a new collaboration to provide individuals who test positive on Cue's at-home molecular COVID-19 test the opportunity to learn which variant they have contracted as part of a broader research study on the SARS-CoV-2 virus. This collaboration builds on Cue's real-time Variant Tracking and Sequencing Platform, which will utilize AI and ML from Google Cloud. Cue Health and Helix intend to roll out this new capability in Q4. Cue users who receive a positive test result for COVID-19 will be able to opt-in to SARS-CoV-2 variant sequencing. Users will receive a same-day sample collection kit with a prepaid return shipper via Cue's last-mile delivery partners. The Cue Health App will guide users through a swab self-collection to obtain their sample for sequencing. Returned samples will arrive at Helix for processing, and results from Helix will be shared with the individual through the Cue Health App within ten days.
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SAVA | Hot Stocks09:16 EST Cassava Sciences initiates second Phase 3 study of simufilam - Cassava Sciences announced it has initiated a second Phase 3 study of simufilam, the company's investigational drug for patients with Alzheimer's disease. This second Phase 3 study is designed to evaluate the safety and efficacy of simufilam over 78 weeks in approximately 1,000 patients with Alzheimer's disease across clinical sites in the U.S. and Canada. "Alzheimer's disease isn't going away anytime soon, and neither are we," said Remi Barbier, President & CEO. "Developing a new drug solution for Alzheimer's is a daunting task during the best of times. During these times of outlandish allegations made against us by short sellers, we stand committed to translate what we believe is a promising scientific breakthrough into a potentially meaningful treatment for people with Alzheimer's disease. The rest is noise." Cassava Sciences' Phase 3 program in Alzheimer's is being conducted under Special Protocol Assessments, SPA, from the U.S. Food and Drug Administration, FDA. The SPAs document that FDA has reviewed and agreed on the key design features of each Phase 3 study protocol.
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WRAP | Hot Stocks09:15 EST Wrap Technologies granted motion to dismiss consolidated amended complaint - Wrap Technologies announced that, on November 15, 2021, the United States District Court for the Central District of California granted the Company's motion to dismiss the consolidated amended complaint filed on behalf of a putative class of shareholders in In re Wrap Technologies, Inc. Securities Exchange Act Litigation, Case No. 20-8760-DMG. The lead plaintiff has been granted leave to file a second amended complaint by December 6, 2021.
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CTRM | Hot Stocks09:15 EST Castor Maritime announces new charter agreements - Castor Maritime, a diversified global shipping company, announces that: The M/V Magic Nova, a 2010 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate equal to 92% of the average of the Baltic Panamax Index 5TC routes. The charter commenced on November 17, 2021, and has a minimum duration of eleven months and a maximum duration of about fourteen months at the charterer's option. The M/V Magic Orion, a 2006 built Capesize dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate equal to 101% of the average of the Baltic Capesize Index 5TC routes. The charter is expected to commence on or around November 21, 2021, and will have a minimum duration of eleven months and a maximum duration of fourteen months at the charterer's option. The M/V Magic Vela, a 2011 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $19,000 plus a one-time gross ballast bonus of $550,000. The charter is expected to commence on or around November 29, 2021, and will have a duration of about 45 days. The M/V Magic Pluto, a 2013 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate equal to 91% of the average of the Baltic Panamax Index 5TC routes. The charter is expected to commence on December 7, 2021, and will have a minimum duration of eleven months and a maximum duration of about fourteen months at the charterer's option.
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STRC | Hot Stocks09:14 EST Sarcos Technology and Robotics moves into new headquarters, production facility - Sarcos Technology and Robotics Corporation announced that it has moved into a new headquarters and production facility in the Granary District of Salt Lake City. The move to the new innovative office, lab space, and production facility, comprising more than 60,000 square feet, comes as the company completes the commercialization of its award-winning industrial robotic exoskeleton and teleoperated industrial robotic avatar products. Sarcos is expecting to increase its headcount by 60-70% over the course of 2022. It expects to start producing the commercial version of its Guardian XO full-body, battery-powered industrial exoskeleton and Guardian XT teleoperated dexterous mobile robotic avatar system at the end of 2022. The new space, which nearly doubles the size of its previous headquarters, includes an extensive test lab and demonstration space for customer use case validation and trials. Sarcos estimates that it will be able to produce between 300 and 500 commercial units of its Guardian XO exoskeleton and Guardian XT robotic system per year at its new facility.
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WLTW | Hot Stocks09:13 EST Willis Towers Watson appoints four new directors supported by Elliott Management - Willis Towers Watson is pleased to announce that it has selected Inga Beale, Fumbi Chima, Michael Hammond, and Michelle Swanback to join its Board of Directors. As previously announced, the Company had been engaging in a thorough, multi-year succession planning process prior to announcing the transaction with Aon in March 2020, including planning with respect to the composition of the Board. Today's announcement, together with the CEO transition plan announced in August and the plans discussed in September at Investor Day, build upon this work. Three of the four new directors will join the Board effective January 1, 2022, concurrent with the transition to Carl Hess as the new CEO. Ms. Chima will join the Board effective April 1, following her ending another commitment. The new directors were selected in connection with the Corporate Governance and Nominating Committee's process, including with the assistance of a leading search firm, and following a constructive engagement with Elliott Investment Management L.P. one of the Company's largest investors. In order to facilitate the director transition process, Jaymin Patel has decided to step down from the Board on January 1, at the time three of the new directors join the Board. Mr. Patel had previously been considering transitioning off the Board at the end of his term to spend more time on other commitments and agreed to accelerate this to coincide with new directors' joining the Board. In addition, Victor Ganzi has decided not to stand for re-election to the Board but will continue to serve as a member of the Board and as Chair through the end of his current Board term, which runs until the 2022 annual meeting of shareholders. He has chosen to do this to facilitate the director transition process and to spend more time on other commitments. The Board thanks Mr. Ganzi and Mr. Patel for their years of dedicated service to the Company. In addition, in connection with the transition to the new CEO and the addition of new Board members on January 1, 2022, the Board will also establish an Operational Transformation Committee. The OT Committee will make recommendations to the full Board regarding the oversight of management's initiatives to drive operational efficiencies and help oversee the implementation of the Company's operational transformation plan, which aims to achieve $300 million or more of run rate cost savings by the end of 2024. The initial members of the OT Committee will be Ms. Beale, Mr. Hammond, Ms. Swanback and Mr. Paul Thomas, an existing member of the Board. As previously announced, Carl Hess will join the Board on January 1, 2022 when he becomes Chief Executive Officer and John Haley steps down from the Board at the end of his contract term. As a result of all of the actions described above, on January 1, the Board will be composed of 11 directors and on April 1 the Board will be composed of 12 directors. The Board's focus on director succession will continue during 2022, leading up to the 2022 annual meeting of shareholders. In order to reduce the size of the Board back to nine directors, two other current Willis Towers Watson directors will serve the remainder of their terms through the shareholders' meeting but will not stand for reelection at the shareholders' meeting. At the time of the 2022 shareholders' meeting, the Board will be composed of nine directors, five of whom will be new and not on the current Willis Towers Watson Board and the Board will have a new Chair. The Company will continue to provide updates with respect to this transition, including the identity of directors who will be transitioning off the Board.
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TRQ RIO | Hot Stocks09:13 EST Pentwater issues letter on corporate governance to Rio Tinto director Ben Wyatt - Pentwater Capital Management wrote the following letter to Rio Tinto (RIO) Director Mr. Ben Wyatt and the rest of the Rio Tinto Board. Unfortunately, neither Mr. Wyatt nor any other member of the Rio Tinto Board has responded to explain the continued corporate governance breaches Rio Tinto continues to inflict upon Turquoise Hill (TRQ) minority shareholders. "Dear Mr. Wyatt, I write on behalf of Pentwater Capital Management the largest minority shareholder of Turquoise Hill Resources to ensure that you are personally aware of how flagrantly your fellow members of the Rio Tinto board have and continue to breach all reasonable standards of appropriate corporate governance with regard to Rio's controlled subsidiary, TRQ. I am reaching out directly to you because you recently joined the Board of Rio Tinto after your retirement from the Western Australia Parliament. Given your notable interest in the rights of indigenous peoples, I assume that when you joined the boards of large corporations like Rio Tinto and Woodside Petroleum this year, your intention was to guarantee good governance and ensure the protection of the countries in which these companies operate. When new board members take their seats, there is often the temptation to defer to the other, more "experienced" board members and C-suite corporate management types and to give the benefit of the doubt, at least for a time, to the corporate culture of the company one has joined. In the case of Rio Tinto, this would be a grave mistake, especially because you are legally and reputationally responsible for all decisions the Board collectively makes from your first day as a Director. Of course, you have intimate knowledge of Rio's brazen actions in Australia in regard to the Juukan Gorge, and I assume you are at least aware of other misconduct and resulting criminal and other government investigations across the globe, all of which at least occurred or were initiated well before you joined the Board. But there is one instance of flagrant, unacceptable corporate governance on the part of Rio that is coming to a head under your watch: Rio's mismanagement and resulting coverup at the Oyu Tolgoi mine, at the cost of the people of Mongolia and TRQ minority shareholders."
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CHDN | Hot Stocks09:12 EST Churchill Downs application for casino owner's license selected by IGC - Churchill Downs announced that the Indiana Gaming Commission, IGC, selected the Company's application for a casino owner's license, submitted by its wholly-owned subsidiary CDITH, to develop the Queen of Terre Haute Casino Resort in Vigo County, Indiana. The IGC unanimously voted to grant CDITH the sole Certificate of Suitability following a competitive proposal process that included applications from three other bidders. CDI's plan includes a $240M investment that will feature 1,000 slot machines, 50 table games, a 125-room luxury hotel, a TwinSpires Sportsbook and several food & beverage offerings. The concepts and design features for the approximately 400,000-square-foot Queen of Terre Haute development will reflect the unique heritage of Vigo County and the surrounding region. The IGC will officially award CDITH the casino owner's license to operate an inland casino in Vigo County upon the final affirmation of the pending nonrenewal of the prior license holder.
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EPC | Hot Stocks09:12 EST Edgewell Personal Care commits to carbon neutrality by 2030 - Edgewell Personal Care announced an acceleration of its climate goals as part of its Sustainable Care 2030 strategy. The company committed to reduce its absolute greenhouse gas emissions by 50% by 2030 compared to 2019 levels, vs. previously stated goal to reduce GHG emissions by 10% compared to 2019 levels. Edgewell's ambition is to achieve carbon neutrality across its global operations in the same timeframe. Edgewell is also making progress on its Sustainable Care 2030 strategy, including in priority areas such as sustainable products and packaging, alternative materials innovation, ingredient stewardship and transparency, regionalized manufacturing and warehousing, responsible sourcing, among others.
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TRGP | Hot Stocks09:11 EST Targa NGL Pipeline launches open season to gauge shipper interest - Targa Resources announced today that Targa NGL Pipeline Company, a wholly owned subsidiary of the Company, has launched an open season commencing November 18, 2021 and closing December 17, 2021 to gauge shipper interest in committed interstate transportation service for natural gas liquids, NGLs, from a planned interconnection with upstream pipeline facilities in Stephens and Grady counties, Oklahoma to Mont Belvieu, Texas. This open season will provide an opportunity for shippers to secure firm capacity for NGL transportation subject to the terms of their transportation service agreements. The final volume of capacity for both committed and uncommitted service on the project will be determined by Targa in part based on the results of this open season.
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GRUB | Hot Stocks09:10 EST Deliverect partners with Grubhub to streamline orders for restaurants - Deliverect, a global scale-up that simplifies online ordering for more than 12,000 establishments across 30 markets, and Grubhub have partnered to streamline orders for hundreds of thousands of restaurants. Together, the partnership helps to improve order accuracy and operational efficiency, as well as save restaurant owners' time. The partnership allows orders made on Grubhub to integrate directly into a restaurant's POS, collating all orders on one device. Restaurants on Grubhub will also be able to sync and manage menus directly from their POS.
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OTLY | Hot Stocks09:10 EST Oatly Group introduces frozen dessert bars - Oatly Group announced the introduction of its latest product innovation, Oatly non-dairy frozen dessert bars. Oatly's new non-dairy frozen dessert bars will be available in four flavors, including Vanilla, Chocolate Fudge, and Salted Caramel, in addition to a new Strawberry Swirl, all encased in a decadent chocolatey coating. The oatmilk-based frozen bars will feature the same recipe, consistency and delightful taste that Oatly fans have come to expect from the brand. Three ounces in size - slightly above industry average- the non-dairy frozen dessert bars will be available in three-count packs, with a suggested retail price of $5.99. Customers will be able to find Oatly non-dairy frozen dessert bars at more than 3,000 retail outlets through national and regional grocers including Target, Wegmans, Schnucks, Harris Teeter, Giant, Stop & Shop, Fresh Direct and more, beginning to hit shelves in December and throughout the first half of 2022.
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NUE | Hot Stocks09:10 EST Nucor to add blast and prime line at new Kentucky steel plate mill - Nucor will be adding a blast and prime line at its greenfield steel plate mill currently under construction in Brandenburg, Kentucky. The blast and prime line will have an annual capacity of approximately 120,000 tons. The Nucor Steel Brandenburg plate mill is a $1.7B capital investment that will employ approximately 400 teammates when it is fully operational. It is scheduled to start-up in 4Q22. The new mill will be able to produce 97% of plate products consumed domestically.
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DKNG | Hot Stocks09:09 EST Boston Bruins names DraftKings as official, exclusive fantasy sports partner - The Boston Bruins and DraftKings announced a new multi-year deal, which will make DraftKings the exclusive, Official Daily Fantasy Sports Partner of the team and TD Garden, and the exclusive presenting sponsor of the Boston Bruins Foundation 50/50 charitable raffle. The parties have also agreed that DraftKings will be an Official Sports Betting Partner of the Boston Bruins and TD Garden, should sports betting become legal in Massachusetts. The new deal marks another strategic agreement with an NHL team for DraftKings, further advancing DraftKings' relationship with the league as an official daily fantasy partner and an official sports betting partner of the NHL. DraftKings and the Bruins will execute strategic digital and social media content, with DraftKings takeovers of the Bruins homepage, app integration and digital linkages to the DraftKings suite of products. DraftKings and the Bruins will collaborate on a new content series hosted on Bruins social media channels inspired by daily fantasy engagement and exciting moments in the game. DraftKings will be the exclusive presenting sponsor of the Boston Bruins Foundation 50/50 Raffle. During 2021, the raffle is completely online, promoted through multiple Bruins social media channels; however, DraftKings branding will be included in all signage used by the 50/50 ambassadors throughout TD Garden, and in two in-game promotional drops on the HDX video scoreboard. Per the agreement, DraftKings branding and content will be integrated throughout TD Garden. DraftKings has been granted premium, TV visible dasher board locations including on the Bruins offensive end on the side of the net - generating maximum TV exposure.
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GSK | Hot Stocks09:09 EST GlaxoSmithKline says 11 abstracts on Blenrep to be presented at ASH meeting - GlaxoSmithKline announced 11 abstracts on Blenrep will be presented at the upcoming American Society of Hematology, or ASH, Annual Meeting and Exposition, to be hosted in Atlanta, Georgia and virtually from 11-14 December 2021. Presentations include updates from the DREAMM, or DRiving Excellence in Approaches to Multiple Myeloma, clinical trial program and two collaborative studies that will demonstrate the potential of belantamab mafodotin, a first-in-class anti-BCMA therapy, in multiple myeloma, the company said.
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SUMO GTLB | Hot Stocks09:08 EST Sumo Logic announces new integrations with CircleCI, GitLab - Sumo Logic introduced new integrations with CircleCI and GitLab designed to help development teams build, run and measure the health of the entire software delivery lifecycle. The Sumo Logic Software Development Optimization solution makes it easy to democratize and unify fragmented data generated by tools used to build and deliver software. With these new integrations, CircleCI and GitLab customers get the visibility they need to measure and manage the software development and delivery process.
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MMP | Hot Stocks09:07 EST Magellan Midstream launches open season for potential pipeline expansion - Magellan Midstream has launched an open season to assess firm customer interest in the potential expansion of the partnership's refined petroleum products pipeline system from Kansas to Colorado. The approximately 450-mile pipeline segment currently transports various grades of gasoline, diesel fuel and jet fuel from El Dorado, Kansas to Denver, Colorado as well as to markets within Colorado, including Colorado Springs, the greater Denver metropolitan area and Denver International Airport. The expansion would increase the pipeline's capacity by an estimated 5,000 bpd to a new total capacity of approximately 65,000 bpd. The higher capacity could be available by late 2022 following the addition of incremental pumping capabilities.
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IBRX | Hot Stocks09:07 EST ImmunityBio expands cancer, infectious disease vaccine programs - ImmunityBio announced the expansion of the company's cancer and infectious disease vaccine programs to include self-amplifying self-adjuvating RNA, recombinant protein vaccine candidates, and potent adjuvant formulations that enhance the quality, durability and breadth of immune responses to infectious diseases and cancer. When combined with the company's hAd5 T-cell-based vaccine candidate, the company believes this "mix-and-match" approach will enable a new generation of COVID-19 vaccines that could potentially confer long-term immune memory to overcome the threat of current and future variants of the SARS-CoV-2 virus. ImmunityBio has established partnerships to bring these technologies together to establish a vaccine consortium and develop multiple vaccine candidates, conduct comprehensive clinical testing, and to immediately further scale ImmunityBio's manufacturing capabilities for global capacity for each of these vaccine candidates. The creation of this novel "mix-and-match" platform, which is also rapidly amenable to incorporation of variant constructs as they emerge, is aimed at establishing widespread availability of cost-effective, broad-spectrum vaccines to meet the remaining global need for COVID-19 vaccines and boosts.
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DASH | Hot Stocks09:07 EST Lush announces same-day delivery partnership with DoorDash - Lush Fresh Handmade Cosmetics announced a partnership with DoorDash to offer same-day delivery of the brand's complete range of fresh, handmade products from more than 250 stores across the US and Canada. The partnership marks the first time Lush will offer same-day delivery, powered through DoorDash Drive, DoorDash's white-label fulfillment platform that powers direct delivery for any business. Lushies will now have direct and a la carte access to their favorite products, from bath bombs to face masks, without leaving the comfort of their own home. Same-day delivery will be available within 15 miles / 25km of the nearest Lush store and orders must be placed before 1pm local time for same-day delivery. There is no minimum spend to receive the same-day delivery option.
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PACB | Hot Stocks09:06 EST PacBio, ARUP Laboratories collaborate in rare disease diagnosis study - PacBio and ARUP Laboratories announced they are collaborating on a study intended to evaluate whether the solve rate for rare disease cases can be increased. ARUP Laboratories has purchased a PacBio Sequel IIe system for use in the Utah NeoSeq Project. The project, launched in early 2020, leverages an accelerated sequencing and analysis pipeline intended to provide a genetic diagnosis for patients in the neonatal intensive care unit in less than a week. By incorporating the Sequel IIe in the study, the team hopes to demonstrate the potential of long-read HiFi sequencing technology to identify variants in areas of the genome that are difficult to sequence with short-read sequencing technologies and, ultimately, increase diagnostic yield for rare disease cases. Currently, the cause of more than half of rare disease cases worldwide remains unexplained. Using short-read whole genome sequencing, the lab's current diagnostic yield for rare disease is about 30% to 50%. The study will explore the use of HiFi WGS, which provides more comprehensive, accurate, and high-definition coverage of hard-to-read regions in the human genome, to determine if it can identify variants, both small and structural, that were not readily detectible by short-read WGS. Additionally, ARUP Laboratories is seeking to develop clinical assays for areas that are difficult to sequence with short-read sequencing technologies, such as repeat expansions and pseudogenes. The initial phase of the study uses HiFi WGS on those samples already sequenced with short-read technology, but without a resulting diagnosis. The goal is to wrap up this phase of the project in the first quarter of 2022. Should the initial phase of the study be successful, the project will explore using HiFi WGS as a frontline diagnostic tool for rare and inherited disorders.
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COO | Hot Stocks09:06 EST Cooper Companies announces executive management changes - CooperCompanies announced two senior leadership changes that will enable the company to maximize current and future opportunities. Effective February 1, 2022, Dan McBride, Executive Vice President, EVP, Chief Operating Officer of CooperCompanies, will take on additional responsibilities that span the organization. In conjunction with this move, Jerry Warner EVP, Americas and Global Commercial Functions of CooperVision, will be promoted to President of CooperVision, effective February 1, 2022. In his expanded role, McBride will continue to be responsible for CooperVision while also assuming global leadership for human resources and legal, in addition to assuming a more active role in corporate strategy. McBride has been with Cooper for more than 16 years, having served as EVP, Chief Operating Officer at CooperCompanies since 2013, and President of CooperVision since 2014. In his new role as President of CooperVision, Warner will oversee all worldwide functions within the CooperVision business unit and continue to report to McBride.
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POETF | Hot Stocks09:05 EST Poet Technologies appoints board sub-committee to plan Nasdaq listing - The Board of Directors of POET Technologies announced that its Board of Directors has appointed a Sub-Committee consisting of three independent members to determine the timing and other matters related to the Company's planned listing on the NASDAQ Capital Market. The Sub-Committee will consider and recommend to the full Board of Directors the selection of a lead underwriter to support the U.S. listing, and the timing and ratio for a consolidation of the Company's outstanding shares within the ratios previously approved by its shareholders. The Sub-Committee will work with the Company's senior management and company counsel on all aspects of the process and is expected to report its findings to the Board by the next scheduled meeting of the Board in early 2022.
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CVS | Hot Stocks09:05 EST CVS Health sees $1B-$1.2B impairment charge on planned store closures in Q4 - The company has been evaluating changes in population, consumer buying patterns and future health needs to ensure it has the right kinds of stores in the right locations for consumers and for the business. As part of this initiative, CVS Health will reduce store density in certain locations and close approximately 300 stores a year for the next three years. The company is committed to offering impacted colleagues roles in other locations or different opportunities as part of its overall workforce strategy. These changes will begin in the spring of 2022. In connection with the planned store closures, the company expects to record an impairment charge in the fourth quarter of 2021 of between $1B-$1.2B or between 56c-67c of diluted earnings per share related to the write down of operating lease right-of-use assets and property and equipment. As a result of the planned store closures, the company has revised its full year 2021 GAAP EPS guidance range to $5.46-$5.67 from $6.13-$6.23. These impairment charges are excluded from the company's calculation of Adjusted EPS. The company expects the impact to Adjusted EPS to be immaterial in 2021 and 2022, and modestly accretive in 2023 and thereafter. The company confirms its full year 2021 Adjusted EPS guidance range of $7.90-$8.00 and confirms its full year 2021 cash flow from operations guidance range of $13B-$13.5B.
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TDC NLSN | Hot Stocks09:04 EST Teradata CMO Martyn Etherington to step down, Jacqueline Woods to succeed - Teradata (TDC) announced that it has appointed Jacqueline Woods as chief marketing officer, effective December 6. As CMO, Woods will be responsible for overseeing Teradata's strategic marketing planning and delivery, including brand and reputation management, digital and social properties, as well as leading customer generation, influencer marketing, public relations, communications and enriching customer experiences. Woods succeeds Martyn Etherington, who is stepping down from his position and will remain with Teradata through the end of December to support a smooth transition. Woods joins Teradata from NielsenIQ (NLSN), where she served as global chief marketing and communications officer.
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BCTX | Hot Stocks09:03 EST BriaCell adds Mary Crowley Cancer Research center as site for Phase I/IIa study - BriaCell Therapeutics announces that Mary Crowley Cancer Research center in Dallas, Texas is now actively screening and enrolling advanced breast cancer patients in the Phase I/IIa combination study of BriaCell's lead candidate, Bria-IMT, with Incyte's checkpoint inhibitors, retifanlimab and epacadostat. Dr. Minal Barve, the Executive Medical Director and Chief Medical Officer for Mary Crowley Cancer Research center and Board-Certified in medical oncology and internal medicine, will act as the clinical site's Principal Investigator. In addition to Mary Crowley Cancer Research center, the clinical sites at St. Joseph Health-Sonoma County, Santa Rosa, Calif. and the Cancer Center of Kansas, Wichita, Kan. are open and actively enrolling patients for BriaCell's Phase I/IIa advanced breast cancer clinical trial. BriaCell anticipates the addition of the Mary Crowley Cancer Research center clinical sites may accelerate patient enrolment to build on our existing patient data.
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UG | Hot Stocks09:03 EST United-Guardian declares quarterly dividend of 65c per share - United-Guardian announced that the company's Board of Directors, at its meeting on November 16, 2021, declared a cash dividend of $0.65 per share, which will be paid on December 7, 2021, to all stockholders of record on November 29, 2021.
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JHG | Hot Stocks09:02 EST Janus Henderson Group announces Dick Weil to retire as CEO - Janus Henderson Grou announced that Dick Weil intends to retire as Chief Executive Officer and as a member of the Company's Board of Directors, effective 31 March 2022. The Board has initiated an internal and external search process with the assistance of a leading executive search firm to identify a successor to lead Janus Henderson through its next phase of growth. To ensure a seamless transition, Mr. Weil will remain in his role until March 2022 and assist Janus Henderson with an orderly transfer of responsibilities, serving as an adviser to the Company through 30 June 2022.
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CW | Hot Stocks09:02 EST Curtiss-Wright expands share repurchase program to $350M - Curtiss-Wright announced an expansion of its 2021 share repurchase program, which is now expected to result in record annual share repurchases of $350M in 2021. The company expects to complete the repurchase of $100M in additional shares via a 10b5-1 program by the end of the year. This program will be conducted in concurrence with the existing $50M share repurchase program being executed this year, and follows the completion of the recent $200M opportunistic program that was executed earlier this year. Upon completion of this new $100M share repurchase program, the company will have remaining open authorization of $250M.
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CVS | Hot Stocks09:01 EST CVS Health names Prem Shah as first Chief Pharmacy Officer - Prem Shah has been named to the newly created role of Chief Pharmacy Officer and will oversee the omnichannel pharmacy strategy, effective immediately. On January 1, 2022, Shah and Michelle Peluso will become Co-Presidents of CVS Health's retail business, with Peluso overseeing front-store strategy and operations. Shah joined CVS Health in 2013 and is currently Executive Vice President, Specialty Pharmacy and Product Innovation. Peluso joined CVS Health in 2021 as Executive Vice President and Chief Customer Officer.
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MMC | Hot Stocks08:52 EST Marsh McLennan appoints John Doyle as COO - Marsh McLennan announced changes to its executive committee effective January 1, 2022. John Doyle has been promoted to group president and COO of Marsh McLennan and will continue as vice chair of the Company. Mr. Doyle is currently President and CEO of Marsh, a position he assumed in 2017. In his new role, he will work closely with President and CEO Dan Glaser to realize the enterprise's overall strategic business and operational objectives. Martin South, President of Marsh US and Canada, will succeed Mr. Doyle as President and CEO of Marsh. He was also appointed Vice Chair of Marsh McLennan and will join Marsh McLennan's Executive Committee. Mr. South has more than 30 years of global insurance experience, including serving as CEO for Marsh's Asia-Pacific region, Marsh UK & Ireland and Marsh Europe.
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BX | Hot Stocks08:50 EST Blackstone closes majority investment in SPANX valued at $1.2B - SPANX announced that funds managed by Blackstone have completed their previously announced majority investment in the business at a valuation of $1.2B. Additional new investors in SPANX participating in the closing include female entrepreneurs Oprah Winfrey, Reese Witherspoon and Whitney Wolfe Herd, as well as female-founded investment funds G9 Ventures and Able Partners. As previously announced, Blackstone and SPANX intend to create an all-female SPANX board of directors, and Blackstone's investment team for the transaction was all women. Blakely, founder and Executive Chairwoman of SPANX, will continue to maintain a significant equity stake. Blakely, along with SPANX's existing senior management team, will also continue to oversee daily operations.
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VLCN | Hot Stocks08:50 EST Volcon director buys $337K in common stock - In a regulatory filing, Volcon disclosed that its director Adrian James bought 21.7K shares in a total transaction size of $337K on November 17th, boosting his stake by about 2%. Shares of Volcon are up 1.5% in pre-market trading at $14.88.
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BVS | Hot Stocks08:47 EST Bioventus to expand operations, manufacturing in Memphis - Bioventus has signed a lease agreement to double its current operations and manufacturing space and relocate from its current facility in suburban Memphis. Bioventus expects to move its 116 employees into the new space in early Q3 of 2022 and add another 40 jobs in the next five years. The current location began operations in 2012 and the new facility will be located at 7101 Goodlett Farms Parkway in Cordova, TN. It includes approximately 90,000 total square feet of space and will feature approximately 55,000 square feet dedicated to light manufacturing and operations. The remaining 35,000 square feet will be developed for offices, conference rooms and shared workspaces.
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SBUX AMZN | Hot Stocks08:47 EST Starbucks, Amazon Go collaborate to launch store concept in NYC - In a company blog post, Starbucks (SBUX) said, "The new Starbucks Pickup with Amazon Go (AMZN), located in New York City at 59th Street between Park & Lexington Avenues, opens on November 18, 2021. The store is a combination of a Starbucks Pickup and Amazon Go, utilizing the order ahead feature in the Starbucks app and Amazon Go's Just Walk Out technology to create an easy checkout experience, alongside a modernized lounge that features individual workspaces and expanded tables with power outlets and USB ports. The new store offers the full Starbucks menu and a curated assortment of food and beverages in the Amazon Go market, including fresh-prepared salads, sandwiches, bakery items, and snack options...Starbucks Pickup stores primarily accept orders that are placed through the Starbucks app prior to the customer arriving at the store. Customers can place and pay for their order by selecting the Starbucks on "59th between Park & Lex w/ Amazon Go" as their desired location in the app. Once the customer arrives at the location, they can find the status of their order on a digital screen in the store and then pick up their order directly from a Starbucks barista. To enter the Amazon Go market and store's lounge seating, customers can use the "In-Store Code" in the Amazon Shopping app, Amazon One or a credit card, and then shop the Amazon Go market like any other Amazon Go store. Once inside, anything customers take off the shelf is automatically added to their virtual cart. Anything they put back on the shelf comes out of their virtual cart. When a customer is done shopping, they can either sit in the lounge area to enjoy their Starbucks beverage and food item selected from the Amazon Go market or be on their way. After the customer leaves the Amazon Go market, their card will be charged and they can access their receipt within a few hours, sometimes faster...Starbucks and Amazon Go plan to open at least three Starbucks Pickup with Amazon Go stores in the coming year, with a second location planned for The New York Times Building located at 40th Street & 8th Avenue in New York City next year. " Reference Link
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ISUN | Hot Stocks08:44 EST iSun continues to explore strategically relevant, accretive M&A opportunities - iSun continues to explore strategically relevant, immediately accretive M&A opportunities. This guidance does not account for any such opportunities or transactions. iSun will provide updated guidance in the event of a transaction accordingly. "We went public in 2019 to realize our vision of creating a platform capable of accelerating adoption for solar across all segments of the marketplace - residential, commercial, industrial, and utility," continued Peck. "We've created a platform that does just that. In addition, our platform will also help accelerate the adoption of EVs. Not every EV owner will be able to install a charger at their home or have access to chargers at the places they work, or the businesses they frequent. By improving access to EV charging at scale across all segments, iSun is helping ensure that members of all communities will have access to EV adoption."
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MULN | Hot Stocks08:42 EST Mullen Automotive debuts FIVE EV Crossover - Mullen Automotive is pleased to announce the world debut of the Mullen FIVE EV Crossover at the Los Angeles International Auto Show. The FIVE was debuted to the world for the first time yesterday, Nov. 17, 2021, at the LA Auto Show. Mullen has multiple variants of the FIVE model on display while also showcasing powertrain, battery and charging technology. The vehicle will continue to be on display in the South Hall during the consumer days of the show, Nov. 19-28, 2021.
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VINP | Hot Stocks08:41 EST Vinci Partners announces partnership for new strategy with Gradiente Energias - Vinci Partners Investments announced a partnership with Gradiente Energias Renovaveis, a company focused on the renewable energy sector, that will be part of a new strategy to be managed by Vinci Partners' Infrastructure segment. The partnership has a pipeline for the development of three clean energy focused projects in Brazil, which together represent approximately R$2.5B in investments. The projects comprehend the construction of a solar power complex in the state of Bahia, consisting of two phases, and of a windfarm complex in the state of Rio Grande do Sul, both developed by Gradiente, a company within Grupo Electra. Jose Guilherme Souza, partner and Head of Infrastructure for Vinci Partners, said, "We are thrilled to announce our partnership with Gradiente Energia, a company with an excellent management team with 20 years of experience in the sector. Through this partnership, we are establishing a new strategy within the Company's ESG oriented investment opportunities, focused on renewables and the transition to a low carbon economy, which is an important milestone for us."
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RWAY | Hot Stocks08:41 EST Runway Growth Finance prices $70M senior notes due 2026 - Runway Growth Finance announced that it has priced a private placement of $70 million in aggregate principal amount of 4.25% Series 2021A Senior Notes due 2026. The 2026 Senior Notes have been offered only to institutional accredited investors in reliance on Section 4(a)(2) of the Securities Act. The 2026 Senior Notes are expected to be delivered and paid for at two closings. The first Closing, in respect of $20 million aggregate principal amount of 2026 Senior Notes, is expected to occur on December 10, 2021 and the second Closing, in respect of $50 million in aggregate principal amount of 2026 Senior Notes, is expected to occur on or about February 10, 2022. Each Closing is subject to customary closing conditions. The 2026 Senior Notes will bear an interest rate of 4.25% per year, payable semiannually, and will mature on December 10, 2026. Runway Growth may use the net proceeds of the private placement to repay outstanding indebtedness, make investments in accordance with the Runway Growth's investment objective and investment strategy and for other general corporate purposes.
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HBRM... | Hot Stocks08:40 EST Herborium Group announces Crypto currency capabilities - Herborium Group (HBRM) announced its capabilities to support the Crypto currency transactions with Bitcoin (BTC) being the first one to be accepted. Herborium intends to embrace both, the Bitcoin credit card and potentially other types of Crypto Currency transactions to generate additional revenues, to be prepared for forthcoming international expansion and to facilitate potential partnerships with others forwards looking businesses.
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PHUN | Hot Stocks08:40 EST Phunware revises investment policy for cash management - Phunware announced revenue guidance of $25 million for 2022, including a revised corporate investment policy providing even more flexibility for diversifying and maximizing returns on cash reserves that are not immediately required for operating liquidity. As part of the updated corporate cash management policy, Phunware may save and/or invest cash reserves in certain specified alternative reserve assets to include, but not limited to: Bitcoin. Phunware currently holds approximately 127 bitcoin, which were acquired at an aggregate purchase price of approximately $7.75 million and an average purchase price of approximately $61,238 per bitcoin, inclusive of fees and expenses. The Company expects to add to its bitcoin total as a routine part of corporate operations and treasury management for the foreseeable future. Stablecoins. Phunware expects to use reserve-backed stablecoins, including stablecoin collateral loops, to maximize its savings yields in digital US dollar equivalents that can be far more attractive than traditional legacy banking yields in Annual Percentage Yield terms. The Company will not use Tether stablecoins as any part of this strategy and fully expects to concentrate its stablecoin exposure on assets such as US Dollar Coin and Gemini Dollar amongst other equivalents. Alternative cryptocurrencies. Phunware expects to initiate numerous diversified DeFi positions and techniques to generate financial returns consistent with financial lending, borrowing, market making, yield farming, collateralized looping, swapping, staking, bridging, wrapping, pooling and pairing. The Company will maintain its DeFi strategies, positions and techniques as both confidential and proprietary information. In parallel to formally executing the board approved operating plan for 2022, Phunware will actively manage its cash management and treasury in conjunction with its ongoing board governance, oversight and compliance activities, including all requisite third party legal, audit and regulatory reviews, disclosures and filings as appropriate.
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DTSS | Hot Stocks08:38 EST Datasea enters into $378,000 procurement contract for Cloud Services - Datasea announced that its wholly-owned subsidiary company named Hangzhou Shuhai Zhangxun Information Technology had entered into a $378,000 procurement contract for Cloud Transformation Services with China Mobile Communications Group Guangdong Guangzhou Branch. Pursuant to the Contract, Shuhai Zhangxun will provide software and hardware to China Mobile Guangzhou Branch's client, Shenzhen Qikai Technology, help Shenzhen Qikai migrate its property management system from local servers to the cloud and give necessary technical supports during the cooperation. The Cloud Services include the offerings of cloud computing; cloud database; cloud network; data migration service; cloud security services; and video monitoring services. The term of the Contract is one year. "Based on our 5G technologies, we can provide cloud-based enterprise solutions. 2021 is a seismic year for us as we tapped into the 5G Messaging market. It becomes clearer that it will be our fastest-growing revenue stream, and we expect that to be enduring," said Zhixin Liu, CEO of Datasea. "At the same time, the synergistic effect among our three business units will be more apparent. Leveraging the Company's proprietary technologies in smart security and big data, we'll expand product coverage in Information and Communications Technology projects and 5G messaging-related fields. We are looking forward to helping more companies make great use of 5G technologies with our solutions and empower their business developments in the long run."
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RIO | Hot Stocks08:38 EST Rio Tinto becomes sole owner of Diavik Diamond Mine in Canada - Rio Tinto has become the sole owner of Diavik Diamond Mine in the Northwest Territories of Canada, continuing its role in the Canadian diamond industry. A transaction has been completed for Rio Tinto's acquisition of the 40% share held by Dominion Diamond Mines in Diavik, following the Court of Queen's Bench of Alberta's approval. With production at Diavik expected to end in 2025, its high-end, predominantly white gem quality diamonds with Canadian provenance continue to be in strong demand in all established and emerging consumer markets. The transaction comes after a 19-month process triggered in April 2020 by Dominion Diamond Mines ULC filing for insolvency protection under the Canadian Companies' Creditors Arrangement Act. Under the terms of the transaction, Rio Tinto has acquired all remaining Diavik assets held by Dominion, including unsold Diavik production and cash collateral held as security for Diavik's future closure costs. In return, Rio Tinto has released Dominion and its lenders from all outstanding liabilities and obligations to fund the operations or closure of the joint venture. Rio Tinto has operated Diavik since production commenced in 2003.
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IAA | Hot Stocks08:37 EST IAA and Fastlane in partnership to 'streamline' total loss claims - IAA announces a strategic industry partnership with Fastlane, a l process automation technology company, to leverage its LossExpress solution, a secure industry-leading platform that connects insurers with the largest active lienholder network in the United States. As the exclusive salvage provider partner to Fastlane, IAA is now positioned to become the first salvage company in the industry to reach full lender coverage for total loss claims through its Loan Payoff tool. Integrating the LossExpress functionality will effectively expand lender coverage to nearly 100% within the IAA Loan Payoff portal while maintaining all the benefits of the existing product. LossExpress will supplement the platform's fully integrated lender network to provide enhanced lender coverage and expanded data capabilities. "The integration of our Loan Payoff platform with the innovative process automation technologies of Fastlane and its LossExpress solution - and the subsequent expansion of our lender coverage and data capabilities - will create a more streamlined, fully digital claims process for our customers," said John Kett, Chief Executive Officer and President of IAA. "This relationship reflects our focus on leading the industry in solving major pain points for our partners and reducing cycle times for total loss claims."
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KUBTY | Hot Stocks08:37 EST ISS recommends AgJunction shareholder vote for Kubota transaction - AgJunction is pleased to announce that one of the leading independent proxy advisors, Institutional Shareholder Services, has recommended that shareholders of AgJunction vote FOR a special resolution approving the Arrangement between AgJunction and Kubota Corporation. In reaching its recommendation, ISS noted that: "The proposed arrangement offers to the Corporation's shareholders immediate liquidity and certainty of value due to its all-cash structure, and provides a significant premium to the unaffected price of the Corporation's shares. The transaction is supported by the largest shareholder of the Corporation. In addition, management has conducted a comprehensive transaction process." As an independent proxy advisory firm, ISS provides voting recommendations to some of the world's largest institutional investors. In welcoming ISS' favourable recommendation, Brett McMickell, President and CEO of AgJunction, commented: "We are pleased that ISS has recommended in favour of the Arrangement. We unanimously recommend that our Shareholders support this transaction with Kubota by voting FOR the Arrangement at the upcoming special meeting." Under the previously announced Arrangement, Kubota will acquire, by way of court-approved plan of arrangement under the Business Corporations Act, all of AgJunction's issued and outstanding common shares for cash consideration of CAD $0.75 per common share. The Corporation also announced today that it has entered into an amendment agreement to the arrangement agreement relating to the Arrangement, which introduces a technical change to the treatment of the holders of the Corporation's restricted shares under the Arrangement, and to facilitate the assignment of the arrangement agreement by Kubota. The Corporation has been advised by Kubota that, as previously disclosed, Kubota intends to assign the arrangement agreement to one of its wholly-owned Canadian subsidiaries. In accordance with the terms of the arrangement agreement, any such assignment will not relieve Kubota of its obligations under the arrangement agreement.
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NOC | Hot Stocks08:36 EST Northrop Grumman appoints Tom Wilson corporate VP, and president, Space Systems - Northrop Grumman announces that its board of directors has elected Tom Wilson corporate vice president, VP, and president, Space Systems, effective January 1, 2022. Wilson will succeed Blake Larson, who has announced his intent to retire on February 4, 2022. Larson will continue as corporate vice president, reporting to Warden to support this transition until his retirement. Wilson is currently sector vice president and general manager of Northrop Grumman's Strategic Space Systems division in the Space Systems sector, which has delivered strong growth and operating results.
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COTY | Hot Stocks08:36 EST Coty enters licensing agreement with Orveda - Coty announced that it has entered into a licensing agreement with Orveda, a skincare brand made in France. Founded in 2014, Orveda products are known for high concentrations of active ingredients to produce efficacy. Coty plans to immediately begin to integrate Orveda and its know-how in microbiome science into the company's Prestige portfolio, with Coty developing, manufacturing and distributing the full range of Orveda products globally. Orveda's brand and product development and global marketing will be managed by Coty chief prestige brands officer, Constantin Sklavenitis. As part of the agreement, Orveda co-founder and sole owner Nicolas Vu will continue to lead the company as its CEO and partner closely with Coty on the brand's development, Coty CEO Sue Nabi, co-founder of the brand with Vu, no longer has an ownership interest in Orveda or any formal role since joining Coty as its CEO. This license arrangement will not be material for Coty in the near-term.
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EXAS | Hot Stocks08:35 EST Exact Sciences and Jefferson Health collaborating for early detection of cancers - Exact Sciences announced an agreement with Jefferson Health to conduct research on a new blood-based, multi-cancer earlier detection test. This effort will engage primary care and specialty providers, care coordinators, and patients from diverse populations across the Jefferson enterprise in research that aims to evaluate MCED test safety and efficacy and help determine how to facilitate the implementation of effective MCED testing in the future. Jefferson Health has a primary care network of more than 100 primary practices across Southeastern Pennsylvania and Southern New Jersey, serving over 125,000 adults who are eligible for cancer screening. Jefferson is conducting developmental research on patient and provider engagement and plans to participate in Exact Sciences' FDA registration study for its MCED test. Exact Sciences and Jefferson also plan to publish results of their work in this area.
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KOPN | Hot Stocks08:35 EST Kopin ships on $3.5M order for Brillian Display for CHMD for U.S. Army - Kopin announced it has recently started production deliveries of its new superhigh-brightness, full-color Brillian Active Matrix Liquid Crystal Display, AMLCD, for the Common Helmet Mounted Display, CHMD, System for the US Army's helicopter pilots. Kopin's patented Brillian displays incorporate breakthrough advances in design and processing techniques to produce unsurpassed image performance in applications requiring extreme high brightness. Delivery is on-going on the initial order of $3.5M and we estimate the program's potential revenues are $30M over several years. "Delivery of production displays for the CHMD program is the culmination of a multi-year development effort to advance the capabilities of our AMCLD technology to meet the challenging requirements," stated Bill Maffucci, the Company's Vice President of Government Programs. "Full-color Brillian displays exhibit brightness levels greater than 34,000 nits and typical contrast ratios above 500:1. While Kopin has a long history of providing high-performance monochrome displays for pilot helmets, these full-color displays provide pilots with enhanced visual recognition of critical information." The full-color CHMD is part of the US Army's Air Soldier System, used by helicopter pilots to provide both day and night enhanced situational awareness and survivability in all flight conditions. The CHMD is an advanced, see-through, high-definition, digital helmet mounted display that supports the US Army's CH-47F Chinook and the UH-60L/M/V Black Hawk fleets. "We continue to expand the boundaries of our display capabilities to provide our defense customers with the best possible equipment," said Dr. John C.C. Fan, CEO of Kopin Corporation. "A few years ago, a global defense company approached us to develop a superhigh-brightness, high-contrast color display to convert monochrome pilot helmets to full color. To meet the requirements, we developed an innovative process. It is so rewarding to follow the journey from a concept to design-in and now to production of Brillian displays."
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GRIL | Hot Stocks08:35 EST Muscle Maker's Pokemoto division opens first military location at Fort Meade - Muscle Maker newest subsidiary Pokemoto announced that it has opened a location at Fort Meade, the first on a military installation. Pokemoto's core demographic is Gen Z and Millennials. Fort Meade's population is just under 10k with more than half of the population being in Pokemoto's core Millennial and Gen-Z demographic focal point. "We're thrilled to bring our recently acquired, highly engaging brand Pokemoto to Fort Meade," said Mike Roper, CEO of Muscle Maker. "We don't think it's any secret that we're in growth mode and looking to build our traditional and non-traditional portfolio by executing against our growth strategy. Our mission has always been to bring healthier options to the men and women who serve our great country and Pokemoto fits that bill. We know the soldiers and military personnel have limited free time, and our highly customizable, fresh builds assembled in a linear fashion allows our guests to walk away with their meal, without the wait. We're looking forward to seeing the performance of our first military Pokemoto and will continue to explore opportunities as our dedicated real estate and franchise teams unveil them."
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RELI | Hot Stocks08:34 EST Reliance Global announces launch of 5MinuteInsure.com in South Carolina - Reliance Global Group announced that it has launched 5MinuteInsure.com in South Carolina.
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LRCDF | Hot Stocks08:34 EST Laurentian Bank to focus donations on grass root giving - As a part of its year-long 175th anniversary celebrations, Laurentian Bank of Canada has launched a new initiative which empowers employees in its retail branches and Commercial Banking business centers to give back to the communities where its employees and customers live and work. Thanks to the "Laurentian Bank in the Community" program, almost 70 local organizations have received an additional financial boost to help them deliver on their important missions. The Covid-19 pandemic has had a significant impact on the ability of many local charitable and non-profit organizations to raise funds. To really serve our communities, we look beyond the numbers to meet the needs of the communities in which we live and work. That is the reason why team members in the Bank's 67 branches and business centers in Quebec and across the country were given the opportunity to identify the recipient organizations.
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JWN | Hot Stocks08:33 EST Nordstrom, Fanatics announce new long-term partnership - Nordstrom and Fanatics announced a new long-term partnership through which Nordstrom.com customers will have access to shop thousands of high-quality licensed sports fan products available exclusively through Fanatics' industry-leading assortment. Nordstrom will power the front-end digital customer experience, while orders will be fulfilled and shipped by Fanatics. Fanatics will also make championship products and other real-time items available that are designed and manufactured on-demand through the company's vertical commerce business model and agile supply chain. Through this partnership, Nordstrom is introducing an entirely new product category to its assortment with men's, women's and kids licensed products in the new Nordstrom.com Sports Fan Shop. The new vertical will feature merchandise from top leagues including the NFL, NCAA, NBA, MLB and more. The tailored product selection is from Fanatics' wide-ranging merchandise portfolio and includes quality brands like Fanatics, Nike, Adidas and Mitchell & Ness.
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XERS | Hot Stocks08:33 EST Aerami Therapeutics appoints Barry Deutsch as chief financial officer - Aerami Therapeutics announced the appointment of Barry Deutsch as chief financial officer effective November 15, 2021. Most recently, Deutsch was CFO and, before that, vice president of business development, at Xeris Pharmaceuticals. "Deutsch built a talented finance and accounting organization at Xeris and played an instrumental role in Xeris's initial public offering, subsequent equity and debt financings, transition from a development-stage company to a commercial company, and business development pursuits," the company said.
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CLIR | Hot Stocks08:33 EST ClearSign Combustion announces multi heater project for national refiner - ClearSign has received a purchase order from a Fortune 500 national refiner in connection with the first phase of the project to retrofit two process heaters with eight ClearSign Core burners each to be installed in their Midwest refinery. The project consists of three phases. The first is the receipt of the purchase order, which includes the fabrication and demonstration of a single burner. The second phase is planned to be an order for the remaining seven burners to complete the first heater. The anticipated third and final stage will be an eight burner order for the second heater.
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GRIL | Hot Stocks08:33 EST Muscle Maker announces $15M private placement - Muscle Maker announced it has entered into definitive agreements for a private placement with U.S. institutional investors of 6,772,000 shares of common stock together with warrants to purchase up to 6,772,000 shares of common stock and 4,058,305 pre-funded warrants, with each Pre-Funded Warrant exercisable for one share of common stock, together with Common Warrants to purchase up to 4,058,305 shares of common stock. Each share of common stock and accompanying Common Warrant are being sold together at a combined offering price of $1.385, and each Pre-funded Warrant and accompanying Common Warrant are being sold together at a combined offering price of $1.3849. The Pre-Funded Warrants will be funded in full at closing except for a nominal exercise price of $0.0001 and are immediately exercisable at any time until all of the Pre-Funded Warrants are exercised in full. The Common Warrants will have an exercise price of $1.385 per share, are immediately exercisable and will expire five years from the date of an effective registration statement covering the shares underlying Common Warrants. The Private Placement is expected to close on or about November 22, 2021, subject to the satisfaction of customary closing conditions and the receipt of regulatory approvals, including the approval of the Nasdaq Capital Market.
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GFS F | Hot Stocks08:32 EST GlobalFoundries, Ford to partner on semiconductor manufacturing - GlobalFoundries (GFS) and Ford Motor Company (F) announced a strategic collaboration to advance semiconductor manufacturing and technology development within the United States, aiming to boost chip supplies for Ford and the U.S. automotive industry. The companies have signed a non-binding agreement that opens the door for GF to create further semiconductor supply for Ford's current vehicle lineup and joint research and development to address the growing demand for feature-rich chips to support the automotive industry. These could include semiconductor solutions for ADAS, battery management systems, and in-vehicle networking for an automated, connected, and electrified future. GF and Ford also will explore expanded semiconductor manufacturing opportunities to support the automotive industry. This strategic collaboration does not involve cross-ownership between the two companies.
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EBET | Hot Stocks08:31 EST Esports Technologies launches Eaffiliates.com - Esports Technologies launched its affiliate platform Eaffiliates.com. Through this program, affiliates could receive a commission based on confirmed deposits and revenue generated.
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CNHI | Hot Stocks08:31 EST CNH Industrial's Iveco presents business strategy, demerger rationale - Iveco Group presents its Business, Strategy and 2026 Financial Ambitions. 2026 Ambitions: Total net revenues of Industrial Activities at between EUR 16.5B - 17.5B. In 2019: EUR 11.8B. Adjusted EBIT margin of Industrial Activities at between 5.0% - 6.0%, in 2019: 3.6%. Adjusted Net Profit at between EUR 0.6 - 0.8 billion, in 2019: EUR 0.3 billion. Shareholders to receive 1 new Iveco Group N.V. share for every 5 CNH Industrial N.V. shares owned Demerger Rationale: The Demerger of Iveco Group from CNH Industrial will create an independent 'pure player' focused on its leading Commercial and Specialty Vehicles, Powertrain, and Financial Services businesses. "The Demerger is intended to maximize management focus and flexibility, aligns investment priorities and incentives, better meets respective business needs, and optimizes the cost and capital structure of each Company to drive profitable growth," the company said. The Iveco Group believes it is well-placed to benefit from these trends due to: Its strong, historic presence across the full range of Commercial and Specialty Vehicles; Its focus on innovation and the development of advanced and sustainable solutions; and a proven ability to reinforce these strengths through partnerships. As a result of the Demerger, Iveco Group will become the holding company of a leading global capital goods group engaged in the design, production, marketing, sale, servicing, and financing of trucks, commercial vehicles, buses and specialty vehicles as well as combustion engines, alternative propulsion systems, transmissions and axles for those vehicles and engines and alternative propulsion systems for agricultural and construction equipment and for marine and power generation applications.
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BLIN | Hot Stocks08:30 EST Dental organization selects Bridgeline Digital's Hawksearch software - Bridgeline Digital announced that their Hawksearch software has been chosen by one of the largest dental associations in the US. The dental organization will leverage Hawksearch by Bridgeline to support its website's site search, recommendations, and navigation.
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EVCM | Hot Stocks08:29 EST EverCommerce announces withdrawal of previously announced follow-on offering - EverCommerce has determined that given Wednesday's market conditions it is not in the best interest of the company and its shareholders to raise equity capital at this time and intends to withdraw its previously announced underwritten public offering of common stock. As previously announced, concurrent with the launch of the equity offering, the Company launched a $200 million upsize of its existing term loan facility under its credit agreement. The Company intends to continue to pursue the Term Loan Upsize and will use the proceeds therefrom to repay approximately $190 million currently outstanding under its revolving credit facility and for general corporate purposes, which may include the acquisition of, or investment in, technologies, solutions, or businesses that complement our business.
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ATNF | Hot Stocks08:28 EST 180 Life Sciences to present keynote address at Dupuytren Symposium - 180 Life Sciences announced that Professor Jagdeep Nanchahal from the University of Oxford, a co-founder of 180 Life Sciences, will present a keynote address entitled 'Re-purposing anti-TNF for Dupuytren's Disease' at the 2021 International Dupuytren Symposium on Wednesday, December 1, 2021 at 3pm EST. Professor Nanchahal will present his work on unravelling the molecular mechanisms underlying the pathogenesis of Dupuytren's disease leading to the identification of anti-tumor necrosis factor as a potential therapeutic target. He will also present the phase 2a clinical trial data to identify the optimal dose and top line data for the recently completed phase 2b clinical trial on efficacy for patients with early-stage disease. The Company also announced that it currently expects that dosage of the first patient in its planned frozen shoulder clinical trial will take place during the first or second quarter of 2022.
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STXS | Hot Stocks08:26 EST Stereotaxis to host inaugural Innovation Day - Stereotaxis announced it will host an inaugural Innovation Day by live webcast on December 13. The event will include presentations of the company's innovation pipeline by members of Stereotaxis leadership with a live Q&A session.
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RCI | Hot Stocks08:24 EST Rogers Communications to invest $1.5M to extend fibre network - Rogers Communications announced that it is expanding its fibre network across 30kms to connect 320 homes and businesses along Route 490 near McQuade, New Brunswick. Connectivity and technology played a central role over the past 18 months and continue to do so. According to a recent study on the Angus Reid Forum, 85% of Canadian small businesses rated reliable connectivity as their top priority. Rogers network investments, which have exceeded $60 billion over the past three decades, are part of a multi-year initiative to bring next generation wireless and wireline services to communities and businesses across Canada and improve connectivity for underserved rural and remote regions. A PwC study commissioned by the company indicates that in 2020 Rogers investments and operations resulted in a total economic footprint in Atlantic Canada of $630 million of output, including over 2,500 full-time jobs generated and supported
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ENPH | Hot Stocks08:23 EST Enphase Energy, Power Solar grow battery systems partnership - Enphase Energy announced that Power Solar, a residential solar and battery system provider in Puerto Rico, and an Enphase Installer Network Platinum member, has become one of the fastest growing Enphase partners in Puerto Rico as households seek out battery systems to protect them from an unstable utility grid and extreme weather conditions like hurricanes.
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M | Hot Stocks08:23 EST Macy's does not see 'material impact' from supply chain issues - Expects to announce ten store closures in January. Comments taken from Q3 earnings conference call.
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PCOM BKNG | Hot Stocks08:22 EST Points International, Rocket Travel partner to enhance travel booking experience - Points International (PCOM), will collaborate with the industry-leading provider of bespoke white-labelled travel booking platforms, Rocket Travel, Inc., a Booking Holdings Company (BKNG), to enhance the overall booking experience offered to its roster of Loyalty Program partners. As part of the collaboration agreement, Rocket Travel's best-in-class white-label loyalty hotel and car booking services will replace the services currently provided by the Points Travel solutions while still leveraging Points' Loyalty Commerce Platform capabilities. In addition, pointshound.com will become a Rocketmiles.com channel provider, enabling accelerated rewards with even more worldwide loyalty partners in a streamlined user journey. Points' loyalty program partners and their members will continue to enjoy a robust travel booking platform and leading user experience, while benefiting from an unmatched breadth of hotel and car inventory backed by Booking Holdings' worldwide network and Rocket's leading full service, white-label travel booking platform. Points will continue to manage the loyalty program relationships and process the miles and points portion of each transaction. Rocket Travel and Points are committed to seeking additional opportunities to more effectively serve their respective loyalty partners and members by complementing one another's offerings and core competencies.
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TSLA | Hot Stocks08:22 EST Tesla recalls 7,600 Model X and S vehicles to replace driver's air bag - A recall notice to the NHTSA site dated November 9 states that Tesla is recalling 7,600 2021 Model X and Model S vehicles as the driver's air bag cushion may tear during deployment. Tesla Service will replace the driver's air bag, the notice states. Reference Link
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BABYF | Hot Stocks08:21 EST Else Nutrition receives conditional approval to graduate to TSX - Else Nutrition Holdings announced it has received conditional approval to list its common shares and warrants on the Toronto Stock Exchange. Final approval of the TSX listing is subject to the Company meeting certain customary conditions of the TSX on or before January 20, 2022. Upon receiving final approval from the TSX, Else intends to issue a news release confirming the date upon which its common shares and warrants will commence trading on the TSX. At that time, Else's common shares and warrants will be concurrently delisted from the TSX Venture Exchange. The trading symbol for the common shares and warrants of the Company on TSX will remain unchanged as "BABY", "BABY.WT" and BABY.WT.A".
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CRNC | Hot Stocks08:20 EST Cerence releases inaugural ESG report - Cerence announced the publication of its inaugural Environmental, Social, and Governance report, which outlines the company's ESG performance and strategy and its commitments to its customers and partners, employees, and stakeholders. The report can be found at https://cerence.com/sustainability. The report reflects Cerence's commitment to serving its stakeholders and its community. Key areas of focus detailed within the report include governance and ethics; risk management, data privacy, compliance and security; human capital management; energy and climate change; community engagement; and innovation. The Cerence ESG Report captures the period between October 1, 2019, and September 30, 2021, and discloses information in alignment with the Software and IT Services sector guidance from the Sustainability Accounting Standards Board.
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TWST | Hot Stocks08:20 EST Twist, Invetx team on antibodies to treat diseases in cats and dogs - Twist Bioscience announced an extension to their existing antibody therapeutic partnership. The extended agreement covers the addition of next-generation synthetic antibody phage display technology for the discovery of novel monoclonal antibodies, mAbs, for the treatment of multiple diseases in cats and dogs. "Our initial partnership with Twist to develop canine and feline TAO platforms and use them to optimize development of our veterinary biotherapeutics has been very successful," said Juergen Horn, PhD, chief executive officer of Invetx. "With this expanded agreement, we are adding complementary in vitro synthetic antibody discovery capabilities to our existing in vivo platform. This combination enables us to generate best-in-class therapeutics for an even broader range of targets to treat chronic and serious conditions in dogs and cats." Under the terms of the agreement, Twist Biopharma, a division of Twist Bioscience, leverages its "Library of Libraries," a panel of synthetic antibody phage display libraries to identify potential therapeutic antibody candidates against specific feline and canine disease targets provided by Invetx. Twist has already generated fully feline and canine synthetic antibody libraries and from them, has begun to identify drug candidates. Twist will work with Invetx to validate and optimize any resulting new antibody candidates.
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ADXS | Hot Stocks08:19 EST Advaxis announces Glass Lewis recommends stockholders vote 'FOR' Biosight merge - Advaxis announced that leading independent proxy advisory firm, Glass Lewis & Co, joins Institutional Shareholder Services, ISS, in recommending that Advaxis stockholders vote "FOR" the stockholder proposals relating to the Company's proposed merger with Biosight. In its report dated November 11, 2021, Glass Lewis stated: "We believe the strategic rationale for the proposed transaction is generally reasonable from the perspective of Advaxis shareholders. We find that the analyses presented by the advisor are reasonable and contain adequate disclosure. In particular, we note from the advisor's Comparable Initial Public Offerings Analysis that the implied value of the proposed consideration for Biosight falls within the fair value range derived by the advisor using pre-money equity values observed in seven IPOs involving Phase 2 companies without completing a crossover financing and well below the range derived using equity values observed in 12 IPOs involving Phase 2 companies with a focus on oncology... Based on the forgoing factors and the support of the board, we believe the proposed transaction is in the best interests of shareholders."
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AUID | Hot Stocks08:18 EST authID.ai to be granted Biometric Identity Authentication Routing Tech patent - authID.ai announced the Company has received notification from the U.S. Patent and Trademark Office hat U.S. Patent No. 11182777 will be issued on November 23, 2021. The '777 patent, entitled Systems and Methods Using a Primary Account Number to Represent Identity Attributes, is for a method that enables various attributes of the individual, to be securely linked to a Primary Account Number to authenticate the user's identity. The PAN of a user may then be used for identifying a user, without any sensitive data being released, as well as used to provide access, such as opening a door for a user, or accessing a bank account, or other payment method of the user. The PAN has become the most ubiquitous way of processing credit card and other payment transactions, which can be sent over established communications networks between banks and merchants anywhere in the world. Using this invention, identity authentication transactions can be authorized via the individual's biometrics, such as the user's unique facial features and routed over the same networks in the same way as payment transactions. The identity attributes are stored in a secure, encrypted database that can be accessed when called upon during identity authentication or verification transactions. A transaction processor can then use the PAN to efficiently and securely facilitate a range of identity verification or authentication transactions. In this way, the identity attributes themselves do not have to be transferred or disclosed to the merchant and thereby exposed to potential theft. These types of identity verification and authentication transactions which can be authorized by the individual using their biometrics may be required when, for example: using public transportation, accessing medical records, entering physical facilities, or when making payments at a point of sale to a merchant both on existing global networks as well as future platforms that may be developed.
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ACMR | Hot Stocks08:16 EST ACM Research's subsidiary ACM Research completes its IPO process - ACM Research announced that its operating subsidiary ACM Research completed its IPO process and its shares began trading on the Shanghai Stock Exchange's Sci-Tech innovAtion boaRd, under the stock code: 688082, on November 18, 2021, China time. In the IPO, ACM Shanghai issued 43,355,753 shares, representing 10% of the total 433,557,100 shares outstanding after the IPO. The shares were issued at a public offering price of RMB 85.00 per share, and the gross proceeds of the IPO totaled approximately $577M, based on November 17, 2021 currency exchange rates. Upon completion of the IPO, ACM owned approximately 82.5% of the outstanding ACM Shanghai shares. ACM's President and Chief Executive Officer Dr. David Wang commented, "The successful IPO of ACM Shanghai is a critical milestone for the Company. I want to thank the outstanding teams at ACM Shanghai, ACM, and the full underwriting team for the hard work and dedication. I also want to thank our customers, partners and shareholders for their continued support." Dr. Wang continued, "We are confident that a STAR Market listing will enable ACM Shanghai to better align its capital structure with ACM's mission to become a global player in the semiconductor equipment industry. We will continue to invest in R&D to enhance the capabilities of our current product portfolio, and to expand our products to two new areas, to help support plans to expand our addressable market size to more than $10 billion. We believe the STAR Market listing combined with the current listing of ACM's Class A common stock on the Nasdaq Global Market can further support efforts to scale our business in mainland China and open broader business opportunities in Korea, the Taiwan region, Japan, the United States and Europe."
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MTEM | Hot Stocks08:16 EST Molecular Templates granted Fast Track designation for MT-6402 - Molecular Templates announced that the U.S. Food and Drug Administration has granted Fast Track Designation for MT-6402 for the treatment of patients with advanced non-small cell lung cancer expressing PD-L1. MT-6402 is the first of MTEM's third generation ETBs to enter the clinic. It was designed to induce potent anti-tumor effects via PD-L1 targeting through multiple mechanisms that may overcome the limitations of the PD-L1 antibodies. MT-6402 is currently being evaluated in a multi-center, open-label, dose escalation and dose expansion Phase I trial in patients with solid tumors in the United States. Patient enrollment is currently ongoing. Following determination of the maximum tolerated dose or recommended Phase 2 dose, expansion cohorts are planned to evaluate MT-6402 as a monotherapy in tumor-specific and basket cohorts.
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VSAT ERJ | Hot Stocks08:16 EST Porter Airlines selects Viasat for in-flight connectivity on Embraer E195-E2's - Viasat (VSAT) and Porter Airlines announced Viasat's industry-leading in-flight connectivity solution has been selected for the Toronto-based airline's 30 new Embraer (ERJ) E195-E2 aircraft. The new aircraft will be linefit with Viasat's high-speed, reliable in-flight internet system and are expected to enter service in the second half of 2022. Porter is preparing to grow beyond its current regional eastern Canada- and U.S.-focused network to include routes to the west coast, southern U.S., Mexico and the Caribbean.
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STT | Hot Stocks08:15 EST State Street in strategic pact with RIMES to enhance indexing, benchmarking - State Street announced a strategic partnership with RIMES, the global data partner for asset managers, asset owners, and service providers, to enhance State Street Alpha. Through this partnership, State Street Alpha clients will benefit from RIMES' deep expertise and experience with the global index provider marketplace leveraging its market-leading operational capabilities and infrastructure. Industry-wide investing dynamics have radically shifted over the past decade, and indexes and benchmarks have become critically important to the investment lifecycle. This partnership will help State Street to meet clients' increasingly complex index needs and provide a comprehensive solution to aggregate indexes and benchmarks across multiple providers. Index and benchmark data provision requires highly engineered and performant delivery, of which RIMES' 25 years of best-in-class data solutions and award-winning Benchmark Data Service will provide. "The management of comprehensive index and benchmark data at scale is vital to our clients and through this partnership with RIMES, State Street Alpha will now deliver the foremost benchmark and index service," said John Plansky, head of State Street Alpha. "We continue to explore all opportunities to advance the capabilities of State Street Alpha and our Alpha Data Platform for our clients and are thrilled to announce this partnership with RIMES."
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BEEM VLVLY | Hot Stocks08:15 EST Beam Global EV ARC charging system used by Volvo Construction Equipment - Beam Global (BEEM) announced that the EV ARC solar-powered EV charging system was used to charge Volvo Construction Equipment (VLVLY) compact electric machines in a showcase hosted by the U.S. Fish and Wildlife Service. The event took place at Occoquan Bay National Wildlife Refuge in Woodbridge, Virginia, and highlighted how zero-emissions trail building and maintenance is a proven capability. Beam's EV ARC transportable solar EV charging system is powering Volvo CE's ECR25 Electric compact excavator and L25 Electric compact wheel loader to help build an ADA accessible trail to a viewing platform. Volvo's electric mini excavator and front-end loader are the first electric heavy equipment publicly available in the United States and are being charged with Beam's EV charging system. Through this pilot opportunity and equipment loan, the Service had access to new technology that aligns with sustainability goals and representatives from Volvo CE and Beam were able to observe their equipment in real life application while contributing to improvements of public access at an urban national wildlife refuge located in the National Capital Region.
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KTRA | Hot Stocks08:15 EST Kintara Therapeutics presents updates on two Phase 2 clinical studies - Kintara Therapeutics announced data from two scientific posters for its Phase 2 clinical studies of VAL-083, the company's lead compound for the treatment of glioblastoma multiforme. The data are being presented at the 26th Annual Scientific Meeting of the Society for Neuro-Oncology being held in Boston on November 18-21. Kintara is presenting posters on two Phase 2 clinical studies evaluating VAL-083 in patients with MGMT-unmethylated GBM. The first poster outlined the open-label, Phase 2 study of VAL-083 as a first-line treatment in newly-diagnosed, unmethylated GBM patients conducted at Sun Yat-sen University Cancer Center in China. Progression free survival was 8.7 months and median overall survival was 19.1 months. The poster also highlights a case report from the study for a patient who remains progression free for more than 37 months after diagnosis. All patients have completed treatment. Adverse events have been consistent with prior studies with myelosuppression being the most common adverse event. The second poster outlined the two groups of patients receiving VAL-083 in the open-label, Phase 2 study in recurrent and adjuvant unmethylated GBM. mOS was 8.0 months. While not a head-to-head study, this compares favorably to historical lomustine control mOS of 7.2 months. All patients have completed treatment. Consistent with prior studies, myelosuppression was the most common adverse event in both recurrent GBM and in the adjuvant setting.
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CASA | Hot Stocks08:14 EST Casa Systems announces availability of Flexible MAC Architecture solution - Casa Systems announced the availability of its new Flexible MAC Architecture solution, opening the door to true virtualization of cable access networks. Casa Systems' new cloud-based FMA solution separates the control and data functions of the network, allowing operators to flexibly deploy network functionality wherever it is needed - at the node, hub site, headend or data center. Customer trials are currently underway with tier one operators in several countries.
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ATIP | Hot Stocks08:13 EST ATI Physical Therapy acquires Excel-R-ation Physical Therapy, no terms disclosed - ATI Physical Therapy announced that the company has acquired Excel-R-ation Physical Therapy, extending its footprint into the Grand Rapids area. The addition of Excel-R-ation strengthens ATI's Michigan portfolio and builds on existing clinics in the southern and northwestern regions of the state. Excel-R-ation was formed in 2003 by a group of five physical therapists dedicated to the mission of serving local patients with unsurpassed physical therapy services.
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SHLS | Hot Stocks08:13 EST Shoals Technologies, SKYCHARGER partner for EV charging infrastructure - Shoals Technologies Group announced that it has been selected by SKYCHARGER as part of their EV charging infrastructure offering. SKYCHARGER placed a purchase order for Fuel by Shoals eMobility solutions to cover the 2022 pipeline, with first shipments beginning in Q4 2021. This product selection will reduce capital costs and significantly speed deployment time frames of its EV infrastructure projects across the USA.
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MSGS... | Hot Stocks08:13 EST MSG Sports, MSG Entertainment enter marketing deal with Caesars sportsbook - Madison Square Garden Sports (MSGS) and Madison Square Garden Entertainment (MSGE) announced a multi-year marketing partnership with Caesars Sportsbook, an entity of Caesars (CZR), making Caesars Sportsbook an Official Sports Betting Partner of the New York Knicks, New York Rangers, Madison Square Garden Arena and MSG Networks. In addition, the sportsbook operator will also gain digital media exposure across MSG Sports' and MSG Entertainment's platforms, as well as MSG and hospitality experiences that will be available to Caesars Rewards program customers. Caesars Sportsbook will have a hospitality space inside Madison Square Garden that will be open for all Knicks and Rangers games, as well as additional select events. Caesars Rewards members will have an opportunity to access the space, which will undergo a full refurbishment leading into the 2022-23 Knicks and Rangers seasons. Once complete, the space will be highlighted with Caesars Sportsbook branding and feature programming, including special guest appearances, giveaways, and enhanced activations, all available through Caesars Rewards. Through this partnership with Caesars Sportsbook, a part of the largest gaming and entertainment company in the US, MSG Networks and Caesars Sportsbook will also launch a new content series on MSG Networks and its social media channels featuring JB Smoove. "One Course with JB Smoove" will integrate Caesars Sportsbook betting odds and content. In addition, MSG Networks and Caesars Sportsbook will launch a 20-part programming marathon to bring back the hit series, "Four Courses with JB Smoove." The show, which premiered in 2013, showcased JB Smoove having conversations with athletes and celebrities from a dinner table, and will now be updated with Caesars-themed content. Caesars Sportsbook will receive exposure inside Madison Square Garden, including TV visible signage, in-arena LED messaging, GardenVision features and activations on the court and ice during Knicks and Rangers games. Digital boards outside of Madison Square Garden and in the new Moynihan Train Hall will also feature Caesars Sportsbook branding on display to the millions of people who walk by every day.
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YCBD SPOT | Hot Stocks08:13 EST cbdMD further teams with Spotify and Joe Rogan as 'exclusive' CBD advertiser - cbdMD (YCBD) announced it has signed a contract extension of their advertising partnership with Spotify (SPOT) and the Joe Rogan Experience. The company announced that the exclusive CBD partnership will continue through 2022 with the chart-topping podcast. JRE, the number one podcaster in the world, is one of the most popular and ground-breaking podcasts on the market, giving the company a unique opportunity to reach a large dedicated audience. Signed back in 2019, this long-standing partnership is rooted in the fact that Joe Rogan is a customer first and expressed the desire to continue the relationship. "This partnership is something we wanted to really focus on and extend into the new year. Joe Rogan's audience are some of the most dedicated listeners and they've always welcomed the CBD community with open arms. Just like Joe, we're fans first. cbdMD and the Joe Rogan Experience is the perfect partnership of product endorsement and real life application. We're excited to see where this partnership goes well into 2022," said co-CEO of cbdMD, Inc. Martin Sumichrast.
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PSTV | Hot Stocks08:12 EST Plus Therapeutics announces interim data from ReSPECT-GBM Phase 1 trial - Plus Therapeutics released positive interim data on its lead investigational drug, Rhenium-186 NanoLiposome from the first-in-man Phase 1 ReSPECT-GBM clinical trial in patients with recurrent glioblastoma at the 2021 Society for Neuro-Oncology Annual Meeting and Education Day being held in Boston, Massachusetts. According to the interim data, 186RNL delivered via convection enhanced delivery is well-tolerated with favorable overall survival in adult patients at higher absorbed radiation doses. A positive correlation was observed between overall survival and higher absorbed radiation doses. The poster, titled "Safety and Feasibility of Rhenium-186 NanoLiposome in Recurrent Glioma: the ReSPECT Phase 1 Trial," outlines data from the ReSPECT-GBM trial, substantially funded by the U.S. National Institutes of Health/National Cancer Institute, which has thus far evaluated 22 adult patients with recurrent GBM across seven cohorts of increasing dose, treated over a six year period. Key findings include the following: No delivery failures were observed and an average absorbed dose of 267.5 Gy of radiation was delivered to the tumor. No dose limiting toxicities or adverse events with the outcome of death, or discontinuations due to AEs have been observed. Of 22 total subjects with recurrent GBM treated with 186RNL, seven patients remain alive and mean and median overall survival is currently 336.6 days and 231.5 days, respectively. In the subset of 13 patients receiving greater than 100 Gy absorbed radiation, seven patients remain alive and mean and median OS is currently at 453.8 days and 330 days respectively. No patients remain alive in the cohort of 9 patients receiving less than 100 Gy absorbed radiation and mean and median OS is 167.3 days and 156 days respectively. In 10 treated patients in cohorts five through seven, 13.4 millicuries or more of radiation was delivered and 80% received greater than 100 Gy average absorbed dose of radiation to the tumor.
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BBBY | Hot Stocks08:12 EST Bed Bath & Beyond launches H For Happy brand - Bed Bath & Beyond officially announced the launch of H for Happy, a new Owned Brand collection of holiday-inspired and seasonal celebratory goods that make it easy to turn everyday moments into life-long memories. Whether hanging stockings over the fireplace, setting a holiday table, lighting the menorah, or trimming a tree, H for Happy has everything needed to "home, happier" this season and create celebratory moments all year long.
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TPST | Hot Stocks08:11 EST Tempest announces first patient dosed with TPST-1495 with pembrolizumab - Tempest Therapeutics announced the first patient has been dosed with TPST-1495 in combination with pembrolizumab in the Phase 1a/1b open-label, dose and schedule optimization study of TPST-1495 in patients with solid tumors. "We're very pleased to announce the start of patient dosing with TPST-1495 in combination with pembrolizumab," said Sam Whiting, MD, Ph.D., chief medical officer of Tempest. "TPST-1495 is designed to inhibit key components of the Prostaglandin E2, or PGE2, pathway, which is both a driver of tumor cell proliferation and an important suppressor of anti-tumor immune function. In addition, recent data show that PGE2 is involved in enabling tumors to escape from immune checkpoint inhibitors such as pembrolizumab, a process known as adaptive immune resistance. Based on this mechanistic rationale and our preclinical data, we are excited about the potential of this combination to be superior to either approach alone and bring benefit to patients."
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ACN | Hot Stocks08:10 EST Accenture, Icertis in partnership to aid companys in contract management - Accentu and Icertis announced a strategic partnership that brings together Accenture's digital transformation capabilities with leading contract intelligence technology from Icertis to help clients across industries get greater visibility into their contracts as well as manage risk and the contracting process more efficiently and effectively. The partnership builds on the success of Accenture's own use of Icertis Contract Intelligence across its global legal and procurement operations. At a time when organizations are facing increasing pressure on many fronts-from reducing operational costs and risks to complying with growing cross-border regulations and improving speed to market-contract intelligence is a business imperative for legal, sales, financial and procurement leaders. ICI is a modern contracting platform-centralized, industrialized and enabled-with workflow functionality that promotes efficiency and transparency across jurisdictions, geographies, and the most complex client accounts. "Contracts define what a business buys and sells and how it operates, making contract lifecycle management essential for top-line growth and effective risk management," said Jason Dess, senior managing director, CFO & Enterprise Value, Accenture. "By partnering with Icertis to offer its industry-leading platform, we can work with clients to fully realize the inherent value of a digitized, intelligent contract management experience."
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RSVR | Hot Stocks08:10 EST Reservoir Media acquires songs by writer-producer Dallas Austin - Reservoir Media announced the acquisition of hit songs by Platinum-selling songwriter and producer Dallas Austin. In recognition of his contributions to the music industry, Austin was inducted into the Songwriters Hall of Fame in 2019. Austin's catalog spans several decades and includes hit songs such as Boyz II Men's "Motownphilly," several hits off Madonna's 3x-Platinum selling Bedtime Stories, Gwen Stefani's "Cool," P!nk's "Just Like a Pill" and "Don't Let Me Get Me," Michael Jackson's "2 Bad," and many more. Austin also notably collaborated on five tracks off TLC's debut album Ooooooohhh... On the TLC Tip, including singles "Ain't 2 Proud 2 Beg" and "What About Your Friends." He went on to contribute to two Hot 100 #1's for the group, writing and producing 1994's Platinum-selling "Creep," and co-writing and producing 1999's "Unpretty."
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ARMP | Hot Stocks08:10 EST Armata Pharmaceuticals provides update on development programs - Armata Pharmaceuticals provided an update on its development programs reflecting sustained clinical progress and a strengthened financial position. Armata's Investigational New Drug application has been cleared by the FDA, permitting the company to initiate a Phase 1b/2a clinical study of AP-SA02 in Staphylococcus aureus bacteremia. Armata expects to initiate the study by the end of this year. The study will be funded in part by a $15M award from the U.S. DoD. The diSArm study will study the safety, tolerability, and efficacy of intravenous AP-SA02 as an adjunct to best available antibiotic therapy compared to best available antibiotic therapy alone for the treatment of adults with bacteremia due to Staphylococcus aureus. Armata also achieved a development milestone under the Therapeutics Development Award from the CF Foundation to support Armata's ongoing Phase 1b/2a SWARM-P.a. clinical trial evaluating its lead therapeutic candidate, AP-PA02, as a potential treatment for Pseudomonas aeruginosa upper airway infections in cystic fibrosis patients. The latest milestone achievement triggers a $2M payment bringing the total to $3.75M achieved under the Award. In addition, the CF Foundation recently made a $3M equity investment in Armata.
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ZS | Hot Stocks08:10 EST Zscaler powers its global data centers, offices with 100% renewable energy - Zscaler announced that it achieved 100% renewable energy through a combination of directly purchased renewable energy and renewable energy credits, RECs, for its offices and 150+ data centers that run the Zscaler Zero Trust Exchange. Zscaler has built its cloud security platform in more than 150 data centers across the world with many already operating on 100% renewable energy. 78% of the energy used to process over 190B security transactions per day was from renewable sources as of October 2021. Zscaler took the next step to achieve 100% renewable energy by purchasing high-quality RECs from projects such as wind and solar farms. These RECs match the projected non-renewable energy used by Zscaler's offices and data centers globally for calendar year 2021. "We are passionate about creating meaningful change for our customers and our planet," said Amit Sinha, president and CTO and member of the board, Zscaler. "Zscaler has a long track record of driving technology innovation via the cloud which now uses 100% renewable energy. With the steps that we took today, Zscaler supports our customers' goals of adopting Zero Trust security and eliminating the carbon emissions associated with the energy used for their security program. We will continue to enhance the efficiency of our architecture and infrastructure to do our part in addressing climate change."
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XELA | Hot Stocks08:09 EST Exela Technologies sets up $105M special purpose vehicle to purchase debt - Exela Technologies announced that it has established GP 2XCV, LLC, an indirect wholly owned subsidiary, to deploy up to $105 million to repurchase debt. B. Riley Commercial Capital has agreed to provide up to $75 million of debt financing to GP 2XCV, LLC alongside equity contributions by Exela of up to $30 million, to purchase First-Priority Senior Secured Notes Due 2023, and/or term loans under the First Lien Credit Agreement, dated as of July 12, 2017, issued by Exela Intermediate LLC and Exela Finance Inc. As of November 17, 2021, the Company's total liquidity1 was approximately $348 million, including $75 million under the new facility. Following the establishment of this facility, the Company intends to use the ATM only opportunistically in achieving its strategic goals, including growth, for the benefit of all stakeholders.
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BAH | Hot Stocks08:08 EST Booz Allen partners with U.S. Air Force to commercialize Platform One - Booz Allen Hamilton announced they have partnered with the U.S. Air Force to commercialize Platform One's Big Bang product and Iron Bank container hardening services, propelling the delivery of modern, secure mission capabilities at scale. As a plank holder of Platform One-and now a commercialization partner-the firm, teamed with Rancher Government Solutions is at the forefront of enterprise-wide software modernization and innovation for Department of Defense , federal government, and private sector organizations who can leverage Platform One to accelerate delivery through continuous, reusable, flexible, and secure solutions. Booz Allen's implementation of Platform One products and services will provide immediate value for clients across the government, as well as for industry partners by rapidly delivering innovation to federal organizations with increased mission assurance. Organizations throughout the DoD, federal government, and commercial sector will now work with Booz Allen to leverage Platform One's Big Bang product, which deploys a software factory built on DoD hardened and approved packages in a customer owned environment This baseline of open-source software development tools allows organizations to deploy and customize Platform One's software factory for their specific mission needs to accelerate modernization of mission capabilities from Day One. This significantly reduces overall project costs and time, while mitigating mission risk due to a robust, proven, and enterprise-grade solution built and supported by Platform One and Booz Allen.
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HEOFF | Hot Stocks08:08 EST H2O Innovation says WTS business line awarded three capital equipment projects - H2O Innovation is pleased to announce that its Water Technologies & Services business line has recently been awarded three new capital equipment projects, one each in water reuse, wastewater, and seawater desalination. These new contracts, with a total value of $4.1 M, bring the WTS backlog to $44.2 M. The first project is a water reuse contract for the supply of a 220,000 gpd membrane bioreactor using the Corporation's versatile flexMBR technology. The customer selected H2O Innovation's unique open-source platform for the flexibility it offers in membrane selection, as well as its robust design. The Corporation will also supply a reverse osmosis system to treat a portion of the flexMBR filtrate to meet final quality requirements. The reuse system will harvest wastewater from the sewer system leaving a medical center, located in downtown Atlanta, and treat it for reuse as cooling tower and boiler make-up. H2O Innovation's first membrane thickening project, located in Sonora, California, will incorporate flat plate membranes which have a higher solids tolerance than hollow-fiber membranes. Membrane systems have great potential for thickening sludge and provide significant advantages over traditional approaches using clarification. The system will thicken waste activated sludge, reducing volume of the waste by approximately 67 %. Toray's new high-performance membranes will be used for this application. Finally, the Corporation will replace high-pressure feed pumps on existing seawater reverse osmosis trains and provide an additional 100,000 gpd in desalination capacity for a drinking water application at a resort in Anguilla.
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LGVN | Hot Stocks08:07 EST Longeveron announces FDA granted RPD designation for Lomecel-B to treat HLHS - Longeveron announced that the U.S. Food and Drug Administration, FDA, has granted Rare Pediatric Disease, RPD, designation for Lomecel-B for the treatment of Hypoplastic Left Heart Syndrome, HLHS, a rare and life-threatening congenital heart defect in infants. Lomecel-B, an investigational allogeneic, bone marrow-derived medicinal signaling cell, MSC, product, is currently being evaluated in a Phase 2 trial. "We are pleased by FDA's acknowledgment of the urgent need for a safe and effective treatment for children born with this rare and devastating congenital heart defect," stated Longeveron co-founder and Chief Science Officer Joshua Hare, M.D. "We are encouraged by our Phase 1 clinical data, and the progress being made in the ongoing Phase 2 trial. Lomecel-B represents a unique cell therapy approach that could potentially be administered at the same time as surgery in these critically impacted infants." Infants with HLHS are currently being enrolled in ELPIS II, a 38-subject, phase 2 randomized, double-blind, controlled clinical trial.
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ARCE | Hot Stocks08:07 EST Arco Platform receives $150M in investments - Arco Platform announced that it has entered into agreements led by affiliates of Dragoneer, which have committed to make a $100M strategic investment, and General Atlantic Partners, which has committed to make a $50M strategic investment, through the purchase of convertible senior notes, subject to customary closing conditions.
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LLY | Hot Stocks08:06 EST Eli Lilly's migraine comparison test with Emgality begins enrollment - Eli Lilly announced that enrollment is now open for the Challenge-MIG clinical trial comparing two anti-calcitonin gene-related peptide medicines for the preventive treatment of episodic migraine in adults. The study is evaluating once-monthly Emgality injection compared to Nurtec ODT, a tablet patients take every other day, on patient-centric measures, including reductions in monthly migraine headache days and quality of life improvement. Lilly's CHALLENGE-MIG study aims to deepen the understanding of CGRP monoclonal antibodies (mAbs) compared to oral gepants in the preventive treatment of migraine and answer important questions that will help physicians and patients make informed treatment decisions. The Challenge-MIG clinical trial is expected to enroll approximately 700 adults across the U.S. with episodic migraine, and individual participation in the study can last up to 6 months.
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LLY | Hot Stocks08:06 EST Fountain Therapeutics announces $15M series A-2 financing - Fountain Therapeutics announced a $15 million Series A-2 financing, which brings its total Series A funding to $26 million. Eli Lilly and Company, Alexandria Venture Investments and R42 Group participated as new investors, joining existing investors Khosla Ventures and Nan Fung Life Sciences. Proceeds from the financing will be used to expand Fountain's platform, pipeline and team as it enters its next phase of growth.
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TANH | Hot Stocks08:06 EST Tantech Holdings unit wins major new midibus order - Tantech Holdings announced that its subsidiary, Shangchi Automobile Co., Ltd., has won another new order for 15 of its high-quality, highly efficient customizable midibuses. 10 of the 15 have already been delivered to the customer in the Philippines.
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CBAY | Hot Stocks08:05 EST CymaBay announces pricing of public offering of common stock - CymaBay Therapeutics announced the pricing of its previously announced underwritten public offering of common stock and pre-funded warrants. CymaBay is selling 15,625,000 shares of common stock and pre-funded warrants to purchase 3,125,000 shares of common stock in the offering. The shares of common stock are being sold at a public offering price of $4.00 per share, and the pre-funded warrants are being sold at a public offering price of $3.9999 per underlying share. The gross offering proceeds to CymaBay from this offering are expected to be approximately $75 million, before deducting the underwriting discount and other estimated offering expenses, and excluding the exercise of any pre-funded warrants. All shares of common stock and pre-funded warrants to be sold in the offering will be offered by CymaBay. CymaBay has granted the underwriters a 30-day option to purchase up to an additional 2,812,500 shares of its common stock at the public offering price per share less underwriting discounts and commissions. CymaBay anticipates using the net proceeds from the offering to fund ongoing development of seladelpar and for working capital and general corporate purposes. The offering is expected to close on November 22, 2021, subject to the satisfaction of customary closing conditions.
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CGTX | Hot Stocks08:05 EST Cognition Therapeutics expects cash to fund operations for next 24 months - Cash and cash equivalents were $8.3M at September 30, 2021 and did not include the gross proceeds from the IPO of $52M, which was received subsequent to the quarter end.
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YOU | Hot Stocks08:05 EST Clear Secure now available at Palm Beach International Airport - Clear Secure announced its trusted and secure identity technology and expedited lanes are now available at Palm Beach International Airport, building on the company's continued growth in South Florida and across the Sunshine State. Beginning November 18, CLEAR will have three expedited security lanes at PBI's two security checkpoints. In addition, CLEAR is available in eight of PBI's top 10 destination airports, allowing travelers to enjoy our fast, predictable experience on both ends of their journey.
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BTTX | Hot Stocks08:05 EST Better Therapeutics completes patient enrollment in BT-001 trial - Better Therapeutics announced the completion of patient enrollment in its potentially pivotal study to evaluate the safety and efficacy of BT-001 for the treatment of type 2 diabetes.
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ALTG | Hot Stocks08:04 EST Alta Equipment Group to acquire Midwest Mine Services, terms undisclosed - Alta Equipment Group announced that it has entered into a definitive agreement to acquire Midwest Mine Services, a privately held company headquartered near Toledo, Ohio. Midwest Mine Services designs, fabricates, and installs full aggregate processing plants for quarries, mines and recycling operations throughout the United States and is well-established in the Ohio and Michigan markets. The company is also the authorized dealer for several original equipment manufacturers and their component supply partners, further expanding Alta's OEM relationships. Midwest Mining Services generated approximately $17M in revenue and had adjusted EBITDA of approximately $1.3M for the trailing-twelve-month period ended July. Terms of the acquisition were not disclosed. The transaction is expected to close in Q4, subject to customary conditions.
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DTEA | Hot Stocks08:04 EST DavidsTea launches Steeping Together podcast - DAVIDsTEA is thrilled to announce the launch of Steeping Together, its very own podcast devoted entirely to the world of tea, and the communitea that revolves around it. Those eager to join the weekly tea party will be able listen-in on the latest conversations with tea enthusiasts from different backgrounds starting on November 12, with new episodes launching each Friday. Inspired by DAVIDsTEA's love for tea talk, Steeping Together is the brand's newest platform. Wanting to re-create some of the more organic conversations that happen in the Company, with partners, in stores, and online, DAVIDsTEA looked for new ways to share its passion for tea culture, tea trivia and tea recipes beyond its 18 flagship stores, website, blog and social media. With each episode answering a specific question surrounding tea, Steeping Together offers listeners the opportunity to deep dive into the personal stories and passion behind the world's most beloved beverage by showcasing a diverse mix of guests sharing unique stories.
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HD | Hot Stocks08:03 EST Home Depot to hold virtual career day on November 30 - The Home Depot is hosting its first-ever virtual Corporate Career Day on Tuesday, Nov. 30, from 1 to 4:30p.m. ET. The Home Depot is hiring for roles across the organization, including positions in Technology, Marketing and Operations, as well as for its Contact Centers.
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NDAQ | Hot Stocks08:03 EST Nasdaq releases Data Fabric managed data solution - Nasdaq announced the launch of Data Fabric, a managed data solution to help investment management firms scale their data infrastructure with enhanced quality, governance and integrity. Built off Nasdaq Data Link, Data Fabric enables firms to significantly improve data time-to-value and can power investment processes and strategies with new datasets in a matter of days or weeks instead of months. The platform provides secure, end-to-end data hosting through fully managed infrastructure and data onboarding services, enabling firms to integrate internal and external data sets quickly to focus on their competitive edge. Through its integration with Nasdaq Data Link, Data Fabric allows clients to use a single API to access hundreds of datasets from Nasdaq and its partners alongside their own internal datasets. The Data Fabric team further supports clients throughout the entire data deployment life cycle: developing ingestion pipelines, processing and data quality assurance, and deploying and maintaining any structured dataset.
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M | Hot Stocks07:59 EST Macy's 'committed' to long-term adjusted EBITDA margin in low double digits - Expectations beyond 2021: Committed to a long-term Adjusted EBITDA margin target to remain in the low-double digits - beginning next year. Over the next couple of years, expect capital expenditures of approximately $1B, annually. Will pay down debt at maturity; target leverage ratio less than 2x. Reopening of U.S. to international tourists and return to a more normalized work environment are expected to be tailwinds once they occur.
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SPOT | Hot Stocks07:57 EST Spotify announces Lyrics feature in partnership with Musixmatch - In a company blog post, Spotify said, "Let's say it plain and simple: It's easier to jam out to your latest favorite song when you know the words. That's why, beginning today, Spotify is empowering millions of fans around the world to sing louder and more confidently than ever with the launch of Lyrics. Lyrics are one of the most requested features from listeners across the globe. So after iterating and testing, we've created an experience that's simple and interactive-and even shareable. By partnering with Musixmatch, we're bringing song lyrics to life through in-app access across the majority of our extensive library of tracks. As of today, Lyrics are available to all Free and Premium users globally across iOS and Android devices, desktop, gaming consoles, and TV, so that millions of fans can connect with the music and artists they love on an even deeper level." Reference Link
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DPRO | Hot Stocks07:55 EST Draganfly announces motorsport development program - Draganfly announced that it is undertaking a motorsport development programme as part of its partnership with the Draganfly Trophy Truck team. Earlier this year, Draganfly became a key factor for the Trophy Truck Team, led by legendary off-road racing driver Ryan Arciero. The Trophy Truck, driven by Arciero, went on to win the prestigious 2021 Maxxis Tires "Casey Folks" Vegas to Reno race in August. Trophy Trucks, also referred to as "Trick Trucks", race through some of the most inhospitable terrain known within the racing world, which presents both natural and man-made challenges. Using advanced UAV technology, Draganfly is giving its team the edge. In addition to mapping out courses prior to races, the Company has implemented a thermal technology solution to help Arciero and his navigator see through dust. Providing a bird's-eye perspective, the aerial imaging capabilities of Draganfly's drones are also allowing the Trophy Truck team to fine-tune the performance of their vehicle during pre-race testing and live events. The victory during the 2021 Maxxis Tires "Casey Folks" Vegas to Reno race in August showcased how the Company's technology is able to enhance performance and overall safety. Draganfly's solutions provide crucial visibility and awareness in real-time to the driver, which allows them to confidently navigate courses and complete them faster. The challenging natural conditions of off-road racing is essential for the development and testing of innovations that can be leveraged within the sport as well as other commercial markets. To support the Trophy Truck team and others during races, Draganfly plans to strategically implement drones along courses that are capable of providing critical emergency supplies and communication tools.
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ORMP | Hot Stocks07:42 EST Oramed subsidiary Oravax Medical and Genomma Lab partner for oral COVID vaccine - Oramed Pharmaceuticals and Genomma Lab, a pharmaceutical and personal care product company in Latin America, announced the formation of a 50/50 joint venture between Genomma Lab and Oramed's majority-owned subsidiary Oravax Medical to develop and commercialize Oravax's oral COVID-19 vaccine candidate in Mexico. Genomma Lab is expected to contribute resources to the joint venture's oral COVID-19 vaccine development, as well as clinical, regulatory, and commercial activities in Mexico supported by close strategic cooperation between the two companies. Genomma Lab will leverage its extensive supply chain capabilities, partnerships and market presence in Latin America to support the business development process and vaccine roll-out throughout the region. Oramed and Genomma Lab intend to enter into a $20M share swap based on the average closing price of their respective shares during the past 15 trading days. Genomma Lab has also committed to participate in a future investment in Oravax.
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AZEK | Hot Stocks07:41 EST Azek appoints Vernon Nagel, Natasha Li as new board members - The AZEK Company announced the appointment of Vernon J. Nagel, the former Executive Chairman, President and CEO of Acuity Brands , and Natasha Li, a Partner in the Private Equity Group of Ares Management Corporation to its board of directors. "I am very excited to welcome Vern and Natasha to our board of directors," said AZEK CEO Jesse Singh. "Vern's decades-long experience serving in chief executive and chief financial officer roles in the manufacturing and consumer products spaces is expected to add significant operational, strategic and industry-specific insight to our already dynamic and accomplished board of directors. Natasha's background in private equity, where she has focused on jumpstarting sustainable and successful growth across companies in a variety of industries, will further enhance the Company's strategic vision and its carrying out of that vision, both in the short and long terms. On behalf of the rest of the board and management, I greatly look forward to working with both Vern and Natasha." Mr. Nagel brings to AZEK an accomplished history of driving profitable growth, integrating successful acquisitions and expanding into new markets. Since 2001, he served in various roles at Acuity Brands, where he served as Chairman, President & CEO from 2004 to early 2020 and then as Executive Chairman until the end of 2020. While at Acuity Brands, Mr. Nagel focused on enhancing shareholder value by introducing new technologies, expanding markets served through organic growth and acquisitions and driving company-wide productivity. Prior to his time at Acuity Brands, Mr. Nagel held senior financial positions at Jepson Associates, Inc., Kuhlman Corporation and Stericycle, Inc. "I greatly look forward to helping guide AZEK, a leader in the exciting and growing outdoor living market with a relentless focus on environmental and social improvement, as it continues its mission to advance a circular and sustainable economy and provide its customers with the tools to beautify and personalize their outdoor living spaces while doing it," said Mr. Nagel.
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LGHL | Hot Stocks07:37 EST Lion Group signs LOI with Hong Kong New Full Rich to invest in cryptomining - Lion Group signed a letter of intent with Hong Kong New Full Rich. Under this investment agreement, the two parties will cooperate to construct and operate an encrypted digital currency mine project in Tajikistan through Ganj Technology, a company owned by New Full Rich. New Full Rich specializes in the construction, development and operation of overseas digital mines and digital mining business. The first phase of construction for the digital mine infrastructure and power-on operation is expected to be completed in 1Q22, and the project's annual profit is expected to be no less than $25M. In addition, the two groups will gradually promote the construction of a 300,000-load mine field for the second phase of the Project. Lion Group will issue 5,000,000 shares to New Full Rich at a price of $3.00 per share in exchange for 20% of the Target Company's enlarged shares. Lion will work closely to execute the Project and expects to achieve profit sharing of $5M in 2022. In addition, Lion can exercise priority to purchase 10,000 WhatsMiner M series mining machines from New Full Rich with operational hashing power ranging from 60 to 62 terahashes per second. Upon installation and initial use of the mining machines, Lion expects to generate an estimate of approximately 3.38 BTC per day. After deducting 22% for electricity fees and subsequent machine maintenance costs, annual profit is expected to reach $62M.
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SLB | Hot Stocks07:37 EST Schlumberger, Genvia in clean hydrogen technology JV for critical industries - Schlumberger New Energy, the CEA and partners have announced the signature of pilot project agreements between Genvia and critical-industry leaders on the pathway to net zero in the cement and steel industries. Through these agreements, Genvia will scale up the next generation of electrolyzer technology, developed over two decades of R&D at the CEA, to produce clean hydrogen without CO2 emissions, accelerating the decarbonization of multiple industrial sectors. During an official visit to the Schlumberger and Genvia facility on November 16, French President Emmanuel Macron praised the joint public-private partnership and reiterated his commitment and ambition for the hydrogen economy. Leveraging Schlumberger's industrialization expertise and global footprint, these new agreements will set the stage for developing the entire value chain to use hydrogen as the preferred clean energy carrier. "The agreements are important steps in accelerating the deployment of Genvia technology that will support the future hydrogen economy," said Ashok Belani, executive vice president, Schlumberger New Energy. "As a scalable, carbon-free energy carrier, clean hydrogen will play a critical role in meeting global energy transition and net-zero ambitions. Genvia will accelerate the large-scale adoption of clean hydrogen through its demonstrator projects in different industries."
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AEHR | Hot Stocks07:37 EST Aehr Test Systems joins PowerAmerica to support advancing SiC, GaN technology - Aehr Test Systems announces that it has joined the PowerAmerica Institute , a public-private research initiative dedicated to accelerating the adoption of high performing, next generation silicon carbide. SiC, and gallium nitride, GaN, power electronics. The collaboration will result in bringing next generation silicon carbide and gallium nitride power electronics to markets faster, reducing cost and risk factors associated with new generation technologies. Gayn Erickson, President and CEO of Aehr Test Systems, commented, "Wide bandgap semiconductors permit devices to operate at much higher temperatures, voltages, and frequencies, making the power electronic modules using these materials significantly more powerful and energy efficient than those made from conventional semiconductor materials. The benefits of bringing the more robust and cost effective SiC and GaN technologies to market will drive longer range in electric vehicles, along with energy savings in consumer, data center and industrial processes and help deliver renewable energy onto the electric grid."
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HRTX | Hot Stocks07:36 EST Heron Therapeutics submits NDA to FDA for HTX-019 - Heron Therapeutics announced the submission of its New Drug Application to the U.S. FDA for HTX-019 injectable emulsion for the prevention of postoperative nausea and vomiting in adults. HTX-019 is a proprietary intravenous formulation of aprepitant, a substance P/neurokinin-1 receptor antagonist that is approved for PONV prevention.
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ABEO | Hot Stocks07:35 EST Abeona Therapeutics announces sponsorship of Venture Into Cures - Abeona Therapeutics announced its sponsorship of the second annual Venture Into Cures, a virtual event supporting EB Research Partnership's mission to find a cure for epidermolysis bullosa. The event will take place virtually on November 18, 2021 at 8:00 p.m. ET/ 5:00 p.m. PT. The one-hour show will feature inspiring stories about individuals and families living with EB and bring together world-renowned speakers alongside appearances and performances from a lineup of celebrity supporters, to educate viewers about EB and raise funds for critical research towards finding treatments and cures for EB. Venture Into Cures will stream globally for free at www.ventureintocures.org.
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BHVN | Hot Stocks07:35 EST Biohaven Pharmaceutical, Artizan Biosciences initiate development program in PD - Artizan Biosciences and Biohaven Therapeutics announced the companies are initiating a therapeutic discovery and development program in Parkinson's disease, PD, to exploit recent scientific advances in the understanding of pathogenic roles played by the gut microbiome in PD. This follows the companies' first collaboration announced in March 2021 centered on Artizan-discovered product candidates for the treatment of inflammatory bowel disease. The PD research program will initially focus on sample collection, animal model and research capabilities development, and identification of microorganisms that can promote alpha-synuclein pathology, which is the hallmark of PD, and the onset and progression of disease symptoms. The collaboration will subsequently concentrate on discovery and development of novel small molecule therapeutics designed to block the harmful effects of these pathobionts. Artizan will leverage its experience creating IBD-BIOME, the company's flagship biobanking program in IBD. Artizan will similarly develop a "PD-BIOME" biobanking program, supporting the screening of patient samples and subsequent identification of new pathobionts and potential therapies for PD.
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ENDP | Hot Stocks07:34 EST Endo begins shipment of generic MIACALCIN injection - Endo announced that its Par Sterile Products business has begun shipping calcitonin salmon injection, USP, multi-dose vials (2 mL) following final approval from the U.S. FDA for its Abbreviated New Drug Application. Par's calcitonin salmon injection is AP-rated to Viatris' MIACALCIN and is indicated for the early treatment of hypercalcemic emergencies, along with other appropriate agents, when a rapid decrease in serum calcium is required. Calcitonin salmon injection is also used to treat postmenopausal osteoporosis in women greater than 5 years postmenopause and to treat symptomatic Paget's disease of bone when alternative treatments are not suitable for these conditions. According to IQVIA data, U.S. sales of calcitonin salmon injection were approximately $170M for the 12 months ended September 2021.
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BBIO | Hot Stocks07:34 EST BridgeBio secures up to $750M in non-dilutive debt financing - BridgeBio Pharma announced that it has executed a definitive credit facility agreement with a syndicate of lenders for up to $750M in financing. This facility, combined with the Company's existing cash balance as of September 30, 2021, provides access to over $1.2B to advance the Company's pipeline programs, support commercialization efforts, and enable the Company to pursue strategic business development opportunities. As structured, this financing is expected to fully fund BridgeBio's portfolio of more than 30 drug development and discovery programs into 2024, independent of near-term milestone readouts. It is a significant achievement in BridgeBio's broader efforts to attract diverse sources of capital to fund life science innovation and is aligned with its long-term strategy of creating non-dilutive financing pathways that leverage portfolio readouts - in addition to cash balance on hand - to extend runway. This financing announcement follows BridgeBio's repurchase of approximately $150M in its own common stock under its 2021 Share Repurchase Program, completing about $385.6M of equity and capped call purchases in the aggregate since its initial public offering in 2019. In addition, today's financing replaces the Company's $100.0M debt facility with Hercules. Collectively, these transactions represent a strategic recapitalization of the Company ahead of upcoming clinical data readouts. Key features of the credit facility include: $450M funded on November 17, 2021; An additional $300.0 million to be funded at the Company's option following either positive topline results from Part A of its Phase 3 ATTRibute-CM trial of TTR stabilizer for transthyretin amyloid cardiomyopathy, which is expected by the end of the year, OR positive proof-of-concept data for various pipeline programs by year end 2022, with $100M available upon each proof-of-concept, for up to three pipeline programs; Fixed interest rate of 9%, with 3% eligible at the Company's discretion to be paid in kind and added to principal; Maturity date of November 17, 2026; Interest-only period for three years, which may be extended to four years upon success of the Part A readout; Substantial flexibility for future business development, M&A, share repurchases, and royalty transactions; No financial covenants.
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ENVB | Hot Stocks07:34 EST Enveric Biosciences' EV102 shows radiodermatitis reduction - Enveric Biosciences' cannabidiol based product in development for topical prescription treatment of radiodermatitis, EV102, has demonstrated "significant and meaningful reduction in dermatitis severity, skin redness, and duration in a preclinical rodent model", the company stated. CEO Joseph Tucker said, "EV102 was topically applied during a daily treatment regimen and resulted in a nearly 50% reduction in redness scoring severity. Similar results were obtained for overall dermatitis severity, which includes desquamation - skin peeling - and ulceration as part of a composite score. Extending these promising results was an observed reduction in overall duration of dermatitis symptoms." The significance of these preclinical findings will be evaluated in a planned human evaluation in 2022. The company expects results from the preclinical study to move EV102 to a Phase I clinical study, targeted to begin in the second half of 2022. Radiodermatitis is a condition caused by the high-energy X-rays delivered during radiation therapy.
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M | Hot Stocks07:34 EST Macy's announces plans to start curated digital marketplace to launch 2H22 - Macy's announced plans to launch a curated digital marketplace to build on the company's existing authority as a digitally led omnichannel retailer. The new marketplace will significantly expand the company's assortment in existing categories and brands and introduce a range of new categories, by enabling carefully selected third-party merchants to sell their products on macys.com and bloomingdales.com. "Today's announcement is an exciting next chapter in our digital evolution. The marketplace platform will further accelerate our Polaris strategy and unlock new opportunities for sustainable and profitable growth. Our digital business is targeted to generate $10 billion in sales by 2023, and we expect the new marketplace platform to produce incremental revenue on top of that target," said Matt Baer, chief digital and customer officer at Macy's, Inc. "The marketplace platform will enable us to expand our assortment at a low incremental cost, while giving Macy's customers easy access to even more product selection to meet their diverse needs." Macy's, Inc. is partnering with Mirakl, the industry-leading enterprise marketplace technology company, to power the platform. In addition to extensive industry experience in marketplace growth, Mirakl brings dynamic platform capabilities that will seamlessly integrate into Macy's and Bloomingdale's architecture and allow for evolving strategies over time. Mirakl's best-in-class seller tools will enable sellers to easily monitor, drive and grow their businesses within Macy's curated parameters. "To be a retail leader in today's economy means balancing two imperatives: staying true to the trusted brand DNA that your customers value, while also anticipating and rising to meet their evolving expectations. It's a pleasure to partner with Macy's, a retailer that both understands the potential of marketplaces to positively transform a business and has the vision, ambitions and strategy to fully reap the benefits," said Adrien Nussenbaum, co-founder and co-CEO, Mirakl. The marketplace platform is expected to launch in the second half of 2022.
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MDWD | Hot Stocks07:32 EST MediWound receives positive advice from EMA for NexoBrid extension - MediWound announced that the company has received positive scientific advice from the Committee for Medicinal Products for Human Use, CHMP, of the European Medicines Agency, EMA, related to the pediatric label extension for NexoBrid. Based on the feedback, the Company anticipates submitting a pediatric label extension request in the first half of 2022. EMA's CHMP agreed to assess a potential pediatric label extension on NexoBrid for the treatment of thermal burns, based on the available safety and efficacy results of the pivotal phase 3 pediatric clinical study with its 12-month follow-up, and that the long-term follow up data are likely to be supportive data. "We are very pleased to have received support and positive guidance from the CHMP on the regulatory pathway towards a pediatric label extension for NexoBrid," said Sharon Malka, Chief Executive Officer of MediWound. "Having a non-surgical option for these severely burned young patients will be a significant step forward over the current surgical standard of care, which involves painful surgery with long recovery times. NexoBrid growth in Europe has been strong, and with the potential pediatric label extension, our commercial team and distribution partners are looking forward to expanding the market and continuing to improve on the standard of care."
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VRCA | Hot Stocks07:31 EST Verrica Pharmaceuticals announces FDA acceptance of IND application for LTX-315 - Verrica Pharmaceuticals announced that the U.S. Food and Drug Administration has accepted the Company's Investigational New Drug Application for LTX-315, a potential oncolytic peptide, for the treatment of basal cell carcinoma. The Company expects to initiate its Phase 2 trial of LTX-315 in basal cell carcinoma in the first quarter of 2022.
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WOOF | Hot Stocks07:31 EST Petco raises FY21 CapEx view to $220M-$235M from near top of $185M-$235M
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VIEW | Hot Stocks07:29 EST View's Smart Windows selected for Mission Group's new office tower - View announced its Smart Windows will enclose the new Class A office tower, The Block, a Mission Group project in downtown Kelowna, British Columbia. Mission Group, along with its investment partner Nicola Wealth Real Estate, developed The Block as part of urban village comprising two residential towers, a Class A office tower and retail space. View Smart Windows use artificial intelligence to automatically adjust in response to the sun, providing continuous access to natural light and views of the outdoors while controlling heat and glare.
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BLDR | Hot Stocks07:27 EST Builders FirstSource announces additional $1B stock repurchase plan - Builders FirstSource announced that the Board has authorized the Company to repurchase an additional $1B of its common shares. With approximately $147M remaining in our previous authorization, this additional authorization provides a total repurchase capacity of approximately $1.147B.
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SNCY CZR | Hot Stocks07:27 EST Sun Country Airlines, Caesars announce five-year charter agreement - Sun Country Airlines (SNCY) announced a new five-year agreement to provide charter service to Caesars Entertainment (CZR). This agreement restarts a relationship between the two organizations that ended in late 2020. The new partnership begins in March 2022 and will be fully ramped up in the second quarter of 2022. Additionally, the agreement calls for two aircraft to provide charter service for Caesars Entertainment guests. The initial aircraft will be based in Laughlin, Nev. and Gulfport, Miss. The contract also allows for additional aircraft to be added, as needed, to meet the growing needs of Caesars. "Sun Country is thrilled to partner with Caesars to provide reliable charter service for their guests," said Grant Whitney, Sun Country Airlines Chief Revenue Officer. "Charter operations are a key component of our diversified business model and the great employees of Sun Country allow us to differentiate ourselves in the charter market."
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HUSN | Hot Stocks07:26 EST Freight App launches EDI interface 2.0 - Hudson Capital announced that Freight App has expanded the features of the Electronic Data Interchange interface announced earlier this year, to now include financial transactions in addition to logistics data.
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SPNT | Hot Stocks07:25 EST SiriusPoint appoints Andreas Kull as Chief Risk Officer - SiriusPoint has appointed Andreas Kull as Chief Risk Officer, effective March 1, 2022. As Chief Risk Officer, Kull will be responsible for overseeing SiriusPoint's risk management strategy. Based in Zurich, Switzerland, he will be a member of the Executive Leadership team, reporting to Chief Executive Officer, Sid Sankaran. Kull joins from Bernina Re, where he served as Chief Risk Officer and member of the Executive team.
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XOS | Hot Stocks07:25 EST Xos partners with Los Angeles Mission to distribute 10,000 meals - Xos announced it is partnering with Los Angeles Mission, a 501(c)(3) non-profit dedicated to breaking the cycle of homelessness and poverty in Los Angeles. Xos will deploy its fully electric stepvan for emission-free transportation and delivery of 10,000 meals to Los Angeles families experiencing food insecurity. The distribution is part of Los Angeles Mission's effort to combat food insecurity and rising food prices across the County and will take place on two dates at five locations. On Friday, November 19th, an Xos vehicle will be filled with food boxes containing 6,000 meals and then delivered to four school distribution locations. On Sunday, November 21st, an Xos vehicle filled with food boxes containing 4,000 meals will be delivered to Guardians of Love, a non-profit that supports children in the foster care system.
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MESA | Hot Stocks07:25 EST Mesa Air reports 30,694 block hours in October - Mesa Air Group reported Mesa Airlines' operating performance for October 2021. Mesa Airlines reported 30,694 block hours in October 2021, a 52.2 percent increase from October 2020 as a result of continued increased flying and the relaxation of certain COVID restrictions. The Company also reported a controllable completion factor of 99.66 percent and 98.57 percent for its American and United operations, respectively.
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GCAAF | Hot Stocks07:24 EST Guardian Capital renews Normal Course Issuer Bid - Guardian Capital Group announced that it has received approval from the Toronto Stock Exchange for its Normal Course Issuer Bid, pursuant to which it intends to purchase, during the period from November 23, 2021 to November 22, 2022, up to 137,469 or 5% of its outstanding Common Shares, entitled to one vote per share, and up to 1,706,357 or 10% of its public float of Non-Voting Class A Shares as at November 9, 2021. Shares may also be purchased by the trustee for Guardian's employee profit sharing plan. In each case, these shares will be purchased at market prices, on the TSX and alternative Canadian trading systems. All shares purchased by Guardian will be cancelled. Guardian intends to purchase the shares because it believes that, from time to time, the shares may become undervalued at prevailing market prices, based on Guardian's earnings and prospects and accordingly, Guardian is of the opinion that the purchase of shares is an appropriate use of corporate funds to increase shareholder value. Pursuant to its current Normal Course Issuer Bid, under which Guardian sought and received approval from the TSX to purchase up to 144,746 Common Shares and 1,715,270 Class A Shares for the period from November 23, 2020 to November 22, 2021, Guardian and the Trustee have purchased, as of November 9, 2021, 0 Common Shares and 914,991 Class A Shares at an average purchase price of $31.19 per Class A Share. All of these shares were purchased on the TSX and alternative Canadian trading systems. As of November 9, 2021, there were 2,749,379 Common Shares and 24,215,096 Class A Shares issued and outstanding and the public float of the Class A Shares was 17,063,576 shares. The average daily trading volume for Guardian's shares on the TSX during the period from May 1, 2021 to October 31, 2021, excluding purchases made by Guardian under its Normal Course Issuer Bid and by the Trustee during the same period, was as follows: 1,202 Common Shares; and 6,010 Class A Shares. Except as otherwise permitted by the TSX, daily purchases under the bid will be limited to 1,000 Common Shares and 1,502 Class A Shares, other than block purchase exceptions.
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PYPD | Hot Stocks07:23 EST PolyPid announces 500th patient enrolled in SHIELD I Phase 3 clinical trial - PolyPid announced that the 500th patient has been enrolled into its ongoing Phase 3 SHIELD I study. SHIELD I is a pivotal study evaluating D-PLEX100 for the prevention of surgical site infections in abdominal surgery. The Company continues to expect that the completion of enrollment in SHIELD I will occur during the second quarter of 2022, with top-line results anticipated two months thereafter. SHIELD I is a prospective, multinational, multicenter, randomized, double blind Phase 3 trial designed to assess the efficacy and safety of D-PLEX100 for the prevention of incisional SSIs in post-abdominal surgery. The trial will continue with patient enrollment, toward approximately 900 patients, in about 60 centers across the United States, Europe and Israel. A blinded review of the overall event rates will commence once the 500th patient completes the 30-day follow-up and is evaluated for the primary endpoint. Provided the study results are adequate, the U.S. Food and Drug Administration has previously agreed that a single pivotal Phase 3 study is sufficient for potential approval of D-PLEX100 for the prevention of SSIs in colorectal surgery.
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DUOL | Hot Stocks07:22 EST Duolingo appoints Kendra Ross as head of social impact - Duolingo recently appointed Dr. Kendra Ross to a newly created role as Head of Social Impact. This role will be located in the company's Pittsburgh headquarters, and is Duolingo's first full-time position dedicated to social impact. The initial goal of the social impact function at Duolingo is to channel the company's people and resources towards making a positive impact in the local community. Prior to joining Duolingo, Dr. Ross served as an Assistant Professor at Point Park University, where she recently completed a doctoral degree in Community Engagement.
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CVAC GSK | Hot Stocks07:21 EST CureVac publishes preclinical data of 2nd generation COVID candidate CV2CoV - CureVac (CVAC) announced the online publication of the extended preclinical study of the second-generation vaccine candidate, CV2CoV, jointly developed with GSK (GSK) ,in the journal Nature . The newly published data features a direct comparison of CV2CoV with the licensed mRNA vaccine, Comirnaty. Neutralizing antibody levels measured following full vaccination of animals with either 12microgram of CV2CoV or a 30microgram standard dose of Comirnaty were shown to be highly comparable. The data confirm how targeted optimizations of a non-chemically modified mRNA can significantly improve immune responses in a preclinical model, providing substantiated support for the unmodified mRNA technology approach. This applies not only to the development of COVID-19 vaccines but to the mRNA technology field as a whole. The study, conducted in collaboration with Dan Barouch, MD, PhD, of Beth Israel Deaconess Medical Center, investigated immune responses as well as the protective efficacy of CV2CoV and first-generation candidate, CVnCoV, against SARS-CoV-2 challenge in cynomolgus macaques. It was made available via the bioRxiv preprint server in August 2021. For additional details, please refer to the previously issued press release .
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EGLX | Hot Stocks07:17 EST Enthusiast Gaming reports Unique Visitor traffic in the U.S. in October - Enthusiast Gaming announced that Unique Visitor traffic to its digital media property in the United States reached an "all-time high" in October 2021, based on recent digital media ratings from Comscore, a leading independent third-party measurement firm. The Enthusiast Gaming digital media property reached 47.8M U.S. Unique Visitors for the month of October. The metric does not include additional under-18 mobile video traffic to the Company's property, or viewership in the Company's esports and entertainment division, including viewership of Luminosity Gaming. "This Comscore data shows the continued growth and attractiveness of our platforms to the coveted U.S. Gen Z and Millennial audience," commented Adrian Montgomery, CEO of Enthusiast Gaming. "Gaming continues to take a greater share of overall Internet traffic, and we are proud to be next to companies like Twitch and Roblox in taking a greater share of overall gaming traffic."
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GILD RCUS | Hot Stocks07:17 EST Gilead pays Arcus $725M for options to three clinical stage programs - Gilead Sciences (GILD) and Arcus Biosciences (RCUS) announced that Gilead has exercised its options to three programs in Arcus's clinical-stage portfolio, including both anti-TIGIT molecules, domvanalimab and AB308, as well as etrumadenant and quemliclustat. The companies also added a research collaboration as described below. Today's transaction is subject to applicable antitrust clearance under the Hart-Scott Rodino Antitrust Improvements Act and other customary closing conditions. The parties expect the transaction to close by year-end. Domvanalimab is an Fc-silent anti-TIGIT antibody in Phase 2 and Phase 3 studies in non-small cell lung cancer, NSCLC, and AB308 is an Fc-enabled anti-TIGIT antibody under Phase 1 evaluation. Etrumadenant is a dual adenosine A2a/A2b receptor antagonist in Phase 1 and Phase 2 studies in NSCLC, colon cancer and prostate cancer. Quemliclustat is a small molecule CD73 inhibitor in a Phase 1 study in metastatic pancreatic ductal adenocarcinoma, PDAC. Gilead has been encouraged by early clinical data generated for each of the three programs. By opting in early to all three programs now, Gilead and Arcus are able to accelerate the clinical development and advancement of these clinical-stage molecules and facilitate the exploration of treatment combinations across the portfolios. For example, Gilead will be able to pursue potential chemotherapy-free regimens with Trodelvy in combination with therapies optioned from the Arcus portfolio. Gilead will also have the flexibility to add Gilead portfolio candidates to existing Arcus studies.
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LH | Hot Stocks07:17 EST LabCorp to acquire Toxikon, terms undisclosed - Labcorp announced that it has entered into a definitive agreement to acquire Toxikon, a contract research organization delivering nonclinical testing services. Once completed, the transaction will create a strategic footprint for Labcorp to partner with pharmaceutical and biotechnology clients in the Boston area. Headquartered in Bedford, Massachusetts, and with annual revenues of around $40M, Toxikon maintains facilities and a roster of pharmaceutical, biotech and medical device clients. The facility in Bedford also has capacity for growth and provides Labcorp Drug Development with an opportunity to expand its traditional toxicology business. The transaction is expected to close during Q4, subject to customary closing conditions and regulatory approvals, including under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. Specific terms of the transaction were not disclosed.
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WMT | Hot Stocks07:15 EST Walmart teams with Zipline to launch instant delivery service - Walmart and Zipline announced the launch of its instant delivery service in Pea Ridge, Ark. The new service will make on-demand deliveries of select health and wellness and consumable items from the Walmart Neighborhood Market. Since announcing the service last fall, Walmart and Zipline have been working on building a 25-foot platform that serves as the infrastructure for take-off and landing. The platform, which is located directly behind the Neighborhood Market, houses several of Zipline's proprietary autonomous aircraft as well as its flight operations crew. At full capacity, Zipline's aircraft can service a 50-mile radius. Eligible customers can begin placing orders for delivery. Here's how it works: The customer opens the Zipline app, orders the products they would like delivered and selects a delivery time at checkout. A Walmart associate picks and packs the products and hands the package off to Zipline staff, who prepare the aircraft for launch. The aircraft departs to the customer's home, drops the package and returns to the platform. The customer can track the status of the aircraft through the Zipline app.
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FOLD | Hot Stocks07:15 EST Amicus announces publication of Phase 3 PROPEL study results - Amicus Therapeutics announced that the data from the Phase 3 PROPEL pivotal trial, assessing the efficacy, safety and tolerability of AT-GAA in adults with late-onset Pompe disease compared to the standard of care, alglucosidase alfa, were published online in The Lancet Neurology. The manuscript includes data on the primary and key secondary endpoints, which were previously reported, as well as additional secondary endpoints. Based on the outcomes observed in the key domains of Pompe disease, the peer reviewed results determined the PROPEL data showed clinically meaningful improvements over standard of care, even among those who had been receiving approved therapy for at least 2 years, a subgroup that has been shown to plateau or decline after several years on treatment. AT-GAA is a two-component therapy consisting of cipaglucosidase alfa, an enhanced phosphorylated enzyme and miglustat, an enzyme stabilizer, thereby providing a different mechanism of action compared with alglucosidase alfa. The U.S. Food and Drug Administration previously granted Breakthrough Therapy designation for AT-GAA and accepted for review the Biologics License Application and the New Drug Application. The FDA has set a Prescription Drug User Fee Act action date of May 29, 2022 for the NDA and July 29, 2022 for the BLA. In the EU, the Marketing Authorization Applications for AT-GAA have been submitted in the fourth quarter of 2021.
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SDGR | Hot Stocks07:14 EST Schrodinger receives $4.9M grant to advance contraceptive drug discovery - Schrodinger announced it has been awarded a two-year, $4.9M grant from the Bill & Melinda Gates Foundation to support a global women's health initiative. The grant is part of a Gates Foundation initiative aimed at accelerating emerging opportunities to advance the field of contraceptive drug discovery. The emphasis of this initiative is to develop safe and effective, reversible, non-hormonal contraceptive agents with an improved overall tolerability and side effect profile compared to conventional methods.
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PYR | Hot Stocks07:14 EST PyroGenesis confirms 'everyhting material has been disclosed' - PyroGenesis Canada issues this press release in response to an inordinate number of investor inquiries relating to recent trading activity. The Company prefers not to opine on stock price and trading activity, however, given the recent inquiries from investors, the Company confirms that everything material has been disclosed by the Company in either its press releases or financial reports. PyroGenesis further confirms that none of the contracts previously disclosed are at risk. Last, but not least, the Company wishes to reassure PyroGenesis' investors that the Company remains on track with current and prospective projects. Furthermore, the Company believes that the market price of the Company's common shares may not, from time to time, reflect the underlying value of the Company, particularly its growth opportunities. Accordingly, the Company is starting to purchase common shares under the existing Normal Course Issuer Bid and will report such purchases as required by regulators. The Company will not be obliged to provide further updates with respect to its continuation, or otherwise, under the NCIB. The Company believes that the proposed purchasing of its common shares is in the best interests of the Company and represents an appropriate use of corporate funds.
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CRDF PFE | Hot Stocks07:13 EST Cardiff Oncology announces $15M equity investment from Pfizer - Cardiff Oncology (CRDF) announced that Pfizer (PFE) has made a $15M equity investment in the company as part of the Pfizer Breakthrough Growth Initiative, a program focused on funding innovative science to meet patient needs. Pursuant to a securities purchase agreement between the parties, Pfizer purchased 2.4M shares of Cardiff Oncology's common stock at a price of $6.22 per share. In connection with the equity investment, Adam Schayowitz, Ph.D., MBA, Vice President & Medicine Team Group Lead for Breast Cancer, Colorectal Cancer and Melanoma at Pfizer, will join Cardiff Oncology's Scientific Advisory Board, once formed. Dr. Schayowitz commented, "Pfizer strives to make a meaningful difference for people living with cancer through the advancement of innovative therapies, and we believe that collaboration and strategic investments are key to achieving this goal. We are pleased to be supporting Cardiff Oncology and look forward to potential new approaches to addressing cancers with pressing unmet needs."
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ACET | Hot Stocks07:12 EST Adicet Bio appoints Michael Kauffman to board of directors - Adicet Bio announced the appointment of Michael Kauffman, M.D., Ph.D., to its Board of Directors. Dr. Kauffman joins the Adicet board with over 20 years of experience in the life sciences industry, including expertise in preclinical research, clinical development and regulatory strategy. Currently, he is a board member for Karyopharm Therapeutics, Verastem Oncology and Kezar Life Sciences.
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DRNA NVO | Hot Stocks07:12 EST Dicerna to be acquired by Novo Nordisk for $38.25 per share in cash - Dicerna (DRNA) announced that it has entered into a definitive agreement with Novo Nordisk (NVO) under which Novo Nordisk will acquire Dicerna for $38.25 per share in cash, which represents a total equity value of $3.3B and a premium of 80% to Dicerna's closing price on November 17. The transaction was unanimously approved by the Dicerna board of directors and the board of directors of Novo Nordisk. Novo Nordisk expects to initiate clinical development of the first investigational RNAi therapeutic to emerge from this collaboration in 2022. Under the terms of the agreement, Novo Nordisk, through a subsidiary, will initiate a tender offer to acquire all outstanding shares of Dicerna common stock at a price of $38.25 per share in cash. The closing of the tender offer will be subject to certain conditions, including the tender of shares representing at least a majority of the total number of Dicerna's outstanding shares, the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and other customary conditions. Upon the successful completion of the tender offer, Novo Nordisk's acquisition subsidiary will be merged into Dicerna, and any remaining shares of common stock of Dicerna will be cancelled and converted into the right to receive the same $38.25 per share price payable in the tender offer. The transaction is expected to close in Q4.
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CXBMF | Hot Stocks07:12 EST Calibre Mining appoints David Splett as Senior VP, Chief Financial Officer - Calibre Mining announces the appointment of David Splett as Senior Vice President, VP, and Chief Financial Officer effective November 29, 2021. Splett comes to Calibre with 30 years of international experience in financial and operational roles spanning base & precious metals, industrial minerals, and oil & gas. Prior to joining Calibre, Mr. Splett was the CFO of Elevation Gold.
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FL | Hot Stocks07:12 EST Foot Locker announces executive appointments - Foot Locker announced organizational enhancements. Franklin Bracken, Executive VP and CEO-North America, has been promoted to COO. Susan Kuhn, Senior VP, General Manager, Foot Locker Europe, has been promoted to President-EMEA and General Manager-Foot Locker Europe. Andrew Gray, Executive VP and Chief Commercial Officer, has expanded his responsibilities leading the organization's Commercial area. The company has also created a new Chief Strategy, Innovation, and Development Officer role to oversee corporate strategy, business innovation, and corporate development. The company has commenced a search process to identify this executive. Frank Bracken has served as Executive VP and CEO-North America since July 2020. Prior to Foot Locker, Bracken held brand leadership roles at The Coca-Cola Company, including VP, Brand Management, and at The Miller Brewing Company.
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TLLTF | Hot Stocks07:12 EST Tilt approved to begin adult-use retail operations at Brockton dispensary - TILT Holdings announced that the Massachusetts Cannabis Control Commission approved TILT's subsidiary, Commonwealth Alternative Care, to commence adult-use retail operations at its Brockton, Mass. dispensary, effective November 22, 2021. The Brockton location, which recently began serving medical patients in October, is CAC's first adult-use dispensary. CAC's Taunton location is also expected to receive its final adult-use license by the end of the year. Combined, the two dispensaries serve more than 8,000 medical patients in the greater Boston area.
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TALO | Hot Stocks07:11 EST Talos Energy announced as high bidder on Federal Lease Sale 257 - Talos Energy announced that it was named as the apparent high bidder in the Outer Continental Shelf Federal Lease Sale 257 on ten deepwater blocks comprising 57,600 gross acres, or 36,720 net acres, for a net total consideration of approximately $4.8M. Nine of the blocks are in close proximity to the company's operated Green Canyon and Mississippi Canyon facilities, while the remaining block offsets the company's recent Puma West discovery. Talos was the one of the most active bidders behind ExxonMobil, bp, Chevron, Oxy and Shell. The acquired prospect inventory includes both low risk subsea tie-backs and high impact exploration opportunities. Royalty rates and other key economic terms of the new leases are consistent with historical standards and existing regulations. Leases for all blocks remain subject to normal-course, formal award by the Department of the Interior.
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CDNA | Hot Stocks07:10 EST CareDx enrolls first patients in study in transplant using AlloCare - CareDx announced the enrollment of the first patients in what will be the largest ever digital study measuring the impact of AlloCare, a tech-enabled mobile health app, on organ transplant patient outcomes. The TEAMMATE study will enroll 4,000 patients from more than 100 transplant centers nationwide as part of a prospective, randomized, controlled, multicenter study spanning kidney, heart, lung, and liver transplantation. Half of the participants will be enrolled in the study arm and half in the control arm. The study arm will have patients trained for regular use of the AlloCare mobile health app. The control arm will maintain the center's standard of care. The primary endpoint will be 90-day readmission rates. The secondary endpoints will include medication adherence, blood pressure management, organ rejection at 3, 6, and 12 months, and patient satisfaction levels. AlloCare is a patient management app that helps transplant recipients precisely manage their medications, schedule their lab work, track their blood pressure and other vital metrics, view their AlloSure and other test results, and connect with other transplant recipients. AlloSure is a non-invasive transplant diagnostic tool that measures donor-derived cell-free DNA levels released into the blood stream to indicate potential, post-transplant allograft injury.
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M | Hot Stocks07:10 EST Macy's jumps 7% to $33.20 after Q3 results beat estimates, FY21 guidance raised
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ORTX | Hot Stocks07:09 EST Orchard announces publication of interim PoC study results of OTL-203 - Orchard Therapeutics announced data published in the New England Journal of Medicine evaluating the safety and efficacy of OTL-203 for the treatment of the Hurler subtype of Mucopolysaccharidosis type I. OTL-203 is an investigational autologous hematopoietic stem cell gene therapy comprising an individual's own CD34+ HSCs transduced ex vivo with a lentiviral vector encoding the alpha-L-iduronidase gene. Mucopolysaccharidosis type I is a rare, inherited neurometabolic disease caused by a deficiency of the alpha-L-iduronidase lysosomal enzyme. It is estimated to occur globally in approximately 1 in 100,000 live births. Approximately 60 percent of children born with MPS-I have the most severe subtype, MPS-IH, also called Hurler syndrome, and rarely live past the age of 10 when untreated. In this ongoing non-randomized, single center proof-of-concept study, eight patients diagnosed with MPS-IH were treated with OTL-203 between July 2018 and December 2019. The primary endpoints included blood IDUA activity at one-year post-treatment, overall survival, hematological engraftment by day 45, as well as short-and long-term safety monitoring. Secondary endpoints included assessment of anti-IDUA antibody immune response, normalization of urinary glycosaminoglycans and growth velocity at one-, three-, and five- years post-treatment, among other exploratory endpoints. All participants showed prompt and sustained engraftment of gene-corrected HSCs and achieved supraphysiologic blood IDUA activity by one-month post-treatment. At the time of analyses, results showed: Efficacy Result: At 12 months, all eight participants achieved the primary endpoint of supraphysiologic blood IDUA activity, above the 97.5 percentile of age-matched healthy children. By last available follow-up, IDUA activity was above the upper limit of normal and supraphysiological in all eight participants. This was associated with a decrease in urinary glycosaminoglycans levels to normal or near normal levels by three to six months in all participants, remaining stable up to last available follow-up. Previously undetectable levels of IDUA in cerebrospinal fluid at baseline became evident in all participants post-treatment, starting from the first follow up at three months and persisting up to the latest available follow-up. This corresponded with a rapid decline in GAG levels in the cerebrospinal fluid suggesting a profound metabolic correction within the central nervous system. All eight participants showed stable cognitive development post-treatment and continued to progressively acquire motor skills over time, as shown by the stability of Gross and Fine Motor Quotient Scores at time of last follow up of 12 to 24 months. At last follow-up, all participants continue progress along expected growth percentiles of healthy children and exhibited longitudinal growth that was considered within the normal range adjusted for age and gender. Range of motion assessments at last available follow-up showed improvements in joint range of motion compared to pre-treatment as measured by goniometry in shoulder flexion, shoulder abduction, and knee extension angles. In vivo gene marking with OTL-203 stabilized after six months, reaching a median vector copy number of 0.98 per genome in peripheral blood mononuclear cells at nine to 12 months post-treatment. Safety Results: Overall survival was 100 percent through the end of available follow-up. Anti-IDUA IgG antibodies detected at baseline in five of seven participants who were taking enzyme replacement therapy prior to treatment with OTL-203 were no longer detectable within the first three months following OTL-203 administration. Enzyme replacement therapy was stopped at least three weeks before OTL-203 and not restarted in any patient. Throughout the follow up period, 19 serious adverse events were observed, seven of which were related to known complications of MPS-IH and were already present prior to treatment, and all have resolved. No participants developed graft-versus-host-disease, as expected given the autologous nature of OTL-203. The lentiviral vector integration profile was consistent with other lentiviral-based HSC gene therapy studies, and all participants had a stable and highly polyclonal repertoire.
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DRNA NVO | Hot Stocks07:09 EST Novo Nordisk to acquire Dicerna for $38.25 per share or $3.3B in cash
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XPO | Hot Stocks07:06 EST XPO Logistics appoints Swati Sharma as treasurer - XPO Logistics announced the appointment of Swati Sharma as senior vice president and treasurer, effective immediately. Sharma is responsible for managing XPO's capital structure, liquidity, financial risk, banking relationships, insurance and real estate to align with the company's strategic objectives. She succeeds Ravi Tulsyan, who served as treasurer until his appointment as chief financial officer in September. Prior to joining XPO, Sharma served as chief financial officer of Avenues: The World School, where she led the finance organization and was responsible for global accounting.
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IPG | Hot Stocks07:05 EST Interpublic Group executive chairman Michael Roth to retire - Interpublic Group announced that Michael Roth, Executive Chairman, will retire from the company and the Board of Directors on December 31, 2021 and that David Thomas has been elected to serve as non-executive Chair of the Board, effective January 1, 2022. These actions complete the transition plan announced in October 2020, when Philippe Krakowsky was announced as CEO, effective January 1, 2021.
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MRNA | Hot Stocks07:04 EST Moderna announces 1st patient dosed in Phase2/3 study of mRNA in RSV - Moderna announced the first participant has been dosed in the Phase 2/3 study of mRNA-1345, the Company's Respiratory Syncytial Virus, RSV, vaccine candidate. This study is known as ConquerRSV. "RSV is a respiratory virus that can result in hospitalization and death in adults over 65 years of age. Yet, RSV illness in older adults is often under-recognized and there is no vaccine against it. The start of this international Phase 2/3 study is an important milestone as we continue to advance mRNA vaccines against respiratory viruses," said Stephane Bancel, Moderna's Chief Executive Officer. "We believe that vaccine candidate against RSV can have a positive impact on public health as RSV represents a significant unmet global need. In addition, we believe that combination vaccines against multiple respiratory pathogens can help ensure that people are fully vaccinated by leading to higher compliance and better uptake, which may result in a longer-term benefit to health care systems and protect people from a broader number of respiratory viruses." RSV is a common respiratory virus that generally causes cold-like symptoms. In the U.S. and areas with similar climates, RSV infections occur primarily during fall, winter, and spring. Most people recover in approximately one to two weeks, but RSV can be serious, especially for young children under 5 years of age and older adults over 65 years of age. RSV is a leading cause of severe respiratory illness in older adults and young children. In older adults, RSV can result in pneumonia and respiratory distress and represents a substantial burden of illness. In the U.S., RSV causes approximately 177,000 hospitalizations and 14,000 deaths in adults 65 years and older. Additionally, RSV in older adults results in an estimated $3 billion in annual medical costs in the U.S. each year. RSV is also the most common cause of bronchiolitis and pneumonia in children younger than one year of age in the U.S. RSV leads each year, on average, to approximately 58,000 hospitalizations among children younger than five years. There is no approved vaccine available today for RSV. Moderna's mRNA vaccine portfolio includes candidates against respiratory viruses, candidates against tropical viruses, and candidates against latent viruses. In Moderna's respiratory virus vaccine program, in addition to its RSV vaccine candidate, the Company is advancing COVID-19 booster vaccine candidates and a seasonal flu vaccine candidate . At Moderna's annual R&D Day in September, the Company announced that it is developing a single dose vaccine that combines a booster against COVID-19 and a booster against flu. The Company is also advancing a combination vaccine candidate against human metapneumovirus and parainfluenza virus 3 and a combination vaccine candidate against both pediatric RSV and hMPV. In preclinical studies, Moderna has observed that its seasonal flu, RSV and COVID-19 booster vaccines can be combined into one dose that produces an immune response to all six antigens1. Moderna intends to explore vaccine combinations including RSV, Flu and COVID-19. mRNA-1345 is a vaccine against RSV encoding for a prefusion F glycoprotein, which elicits a superior neutralizing antibody.
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M | Hot Stocks07:03 EST Macy's to launch curated digital marketplace platform - "Our company delivered another strong quarter and exceeded our expectations on both top and bottom lines. The results were driven by the effective execution of the Polaris strategy and an improved economic environment. In the quarter, the Macy's brand added 4.4 million new customers. Consumers continue to spend, and we successfully offered a wide range of expanding merchandise assortment to meet their growing demand," said Jeff Gennette, chairman and CEO of Macy's. "Looking ahead to the fourth quarter, we remain a special place for holiday shopping, and our robust omnichannel ecosystem is showing resilience in the face of labor and supply chain challenges and enables us to meet customer shopping needs with speed and convenience. We are encouraged by the momentum of our business and its strong financial health and continue to invest in positioning our company for long-term sustainable and profitable growth. Today, we are announcing plans to launch a curated digital marketplace platform that will further fuel customer acquisition and sales growth across all of our channels."
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M | Hot Stocks06:59 EST Macy's sees Q4 SSS on an owned-plus-licensed basis up 2%-4% vs. 2019 - In the fourth quarter 2021, comparable sales on an owned-plus-licensed basis versus 2019 are expected to increase between 2% and 4%. This includes an approximately 125-basis point adverse impact due to the shift of the Friends and Family promotional event from the fourth quarter into the third quarter as compared to 2019.
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PLCE | Hot Stocks06:58 EST Children's Place refinances revolving credit facility and term loan - Children's Place announced the refinancing of its revolving credit facility and term loan by a new lending group led by an affiliate of Wells Fargo. The new debt consists of a revolving credit facility with $350M of availability and a $50M term loan, both with five year maturities, lower interest rates, reduced reporting requirements, and increased flexibility under the covenants. The new revolving credit facility is secured by a first-priority lien on substantially all of the company's U.S. and Canadian assets, and a second-priority lien on the company's intellectual property, and certain furniture, fixtures and equipment. Interest on borrowings is payable monthly at LIBOR plus 1.125% or 1.375%. The new term loan is secured by a first-priority lien on the company's intellectual property, and certain furniture, fixtures and equipment, and a second-priority lien on the assets securing the new revolving credit facility. Interest is payable monthly at LIBOR plus 2.50%. The new term loan does not require amortization if certain conditions are met and is pre-payable at any time without penalty.
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F... | Hot Stocks06:57 EST EU passenger car registrations down 30.3% in October - In October 2021, new passenger car registrations in the European Union contracted further by 30.3%, marking the fourth consecutive month of decline this year, reported the European Automobile Manufacturers Association. "With 665,001 units sold across the region, this was the weakest result in volume terms for a month of October since records began," the group stated. Publicly traded automakers include Daimler AG (DDAIF), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY).
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M | Hot Stocks06:56 EST Macy's reports Q3 SSS up 37.2% on an owned basis - Comparable sales up 37.2% on an owned basis and up 35.6% on an owned-plus-licensed basis versus 2020; up 8.9% and up 8.7%, respectively, versus 2019. Digital sales increased 19% versus third quarter 2020 and grew 49% versus third quarter 2019. Digital penetration was 33% of net sales, a 5-percentage point expected decline from third quarter 2020, but a 10-percentage point improvement over third quarter 2019.
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RHHBY | Hot Stocks06:54 EST Roche announces launch of cobas 5800 system - Roche announced the launch of the cobas 5800 System, a new molecular laboratory instrument, in countries accepting the CE mark. "Testing is one of the first lines of defense to protect a patient's general well-being and is vitally important in quickly guiding their treatment. The cobas 5800 System helps address challenges that laboratories are facing from an increase in patient testing, reimbursement complexities and the need for a more diverse testing menu while providing meaningful and timely results. The cobas 5800 system, the newest member of the Roche Molecular Work Area, is built upon the innovation of the cobas 6800 and cobas 8800 systems, making molecular testing accessible to more patients around the world. Roche anticipates receiving U.S. Food and Drug Administration approval during Q3 2022," the company stated.
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SIG | Hot Stocks06:52 EST Signet Jewelers finalizes $490M Diamonds Direct acquisition - Signet Jewelers announced that it has finalized its acquisition of Diamonds Direct for $490M in cash. This reflects approximately a 1.1x1 multiple on annualized revenue and approximately a 7.1x1 multiple on annualized EBITDA. Diamonds Direct currently operates 22 locations with mature stores having a median annualized revenue of approximately $18.5M over the last twelve months. "Today we officially welcome Diamonds Direct to the Signet team. This immediately accretive acquisition accelerates our growth strategy and gives our customers even more choice across our differentiated banners," said Signet CEO, Virginia Drosos. "Diamonds Direct strategically expands our market in accessible luxury and bridal, provides access to a new customer base and furthers our opportunity to build lifetime customer relationships. Just as we accelerated our digital transformation using learnings from our acquisition of fast-growing digital pure-play James Allen, we believe we can further drive modern consumer experiences learning from Diamonds Direct's differentiated model as they have consistently and profitably grown revenues in highly productive store formats. Our intention is to grow Diamonds Direct while driving operating margin expansion over time through operating synergies in purchasing, targeted marketing, Connected Commerce and jewelry services."
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SNY | Hot Stocks06:52 EST Sanofi announces $180M investment, new strategic collaboration with Owkin - Sanofi announced an equity investment of $180M and a new strategic collaboration with Owkin comprised of discovery and development programs in four exclusive types of cancer, with a total payment of $90M for three years plus additional research milestone-based payments. "Owkin, an artificial intelligence and precision medicine company, builds best-in-class predictive biomedical AI models and robust data sets. With the ambition to optimize clinical trial design and detect predictive biomarkers for diseases and treatment outcomes, this collaboration will support Sanofi's growing oncology portfolio in core areas such as lung cancer, breast cancer and multiple myeloma. To accelerate medical research with AI in a privacy-preserving way, Owkin has assembled a global research network powered by federated learning, which allows data scientists to securely connect to decentralized, multi-party data sets and train AI models without having to pool data. This approach will complement Sanofi's emerging strength in oncology, as the company's scientists apply cutting-edge technology platforms to design potentially life-transforming medicines for cancer patients worldwide... Sanofi will leverage the comprehensive Owkin Platform, in order to find new biomarkers and therapeutic targets, building prognostic models, and predicting response to treatment from multimodal patient data. Sanofi's investment will support Owkin's development and goal to grow the world's leading histology and genomic cancer database from top oncology centers," the company stated.
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SMLP | Hot Stocks06:49 EST Summit Midstream Double E joint venture commences operations - Summit Midstream announced that Double E Pipeline, a joint venture in which SMLP owns a 70% equity interest and serves as operator, has commenced operations. Double E is a 135 mile FERC-regulated natural gas pipeline that provides natural gas transportation services from southeast New Mexico and west Texas to downstream pipeline interconnections in the Waha Hub region.
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PFE | Hot Stocks06:47 EST Pfizer to supply 10M courses of COVID-19 oral antiviral to U.S. government - Pfizer announced an agreement with the U.S. government to supply 10M treatment courses of its investigational COVID-19 oral antiviral candidate, Paxlovid, subject to regulatory authorization from the U.S. Food and Drug Administration. If approved or authorized, Paxlovid, which originated in Pfizer's laboratories, would be the first oral antiviral of its kind, a 3CL protease inhibitor specifically designed to combat SARS-CoV-2. Pfizer is seeking Emergency Use Authorization of Paxlovid with the U.S. FDA; rolling submissions have also commenced in several countries, and the company will continue working to submit applications to regulatory agencies around the world. Under the terms of the agreement, the U.S. government will acquire 10 million treatment courses to be delivered by Pfizer beginning later this year and concluding in 2022. Pfizer will receive $5.29B from the U.S. government, pending and contingent upon regulatory authorization. Pricing for Paxlovid is based on the principles of advance commitment, volume, equity, and affordability. The price being paid by the U.S. government is reflective of the high committed volume of treatment courses being purchased through 2022. The company has also entered into advance purchase agreements with several other countries and has initiated bilateral outreach to approximately 100 countries around the world.
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MRK | Hot Stocks06:46 EST FDA approves Merck's KEYTRUDA as adjuvant treatment of RCC - Merck announced that the U.S. FDA has approved KEYTRUDA, Merck's anti-PD-1 therapy, for the adjuvant treatment of patients with renal cell carcinoma at intermediate-high or high risk of recurrence following nephrectomy, or following nephrectomy and resection of metastatic lesions. The approval is based on data from the pivotal Phase 3 KEYNOTE-564 trial, in which KEYTRUDA demonstrated a statistically significant improvement in disease-free survival, reducing the risk of disease recurrence or death by 32% compared to placebo. Median DFS has not been reached for either group.
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BJ | Hot Stocks06:42 EST BJ's Wholesale CEO says 'we saw growth in all of our divisions' in Q3 - "We are proud of delivering another strong quarter." said Bob Eddy, President and CEO, BJ's Wholesale Club. "Our business accelerated during Q3 on broad based strength, and we saw growth in all of our divisions, with acceleration in traffic and ticket, growth in digitally-enabled sales and conventional sales, all underpinned by strong membership statistics in both new and tenured members. Our growth flywheel is spinning faster than it has in a long time, and we look forward to continue building on that momentum."
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NICE GOOG | Hot Stocks06:41 EST Nice's AI-driven customer experience platform integrating with Google Cloud - Nice (NICE) is collaborating with Google (GOOG) Cloud to address the demand for customer self-service systems that integrate with traditional contact centers. Nice is integrating its cloud-based, AI-powered CXone customer experience platform with Google Cloud Contact Center Artificial Intelligence, a group of APIs that bring Google AI to contact center use cases. CXone Virtual Agent Hub offers conversational bots for voice and chat leveraging Google Cloud's Contact Center AI.
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BJ | Hot Stocks06:40 EST BJ's Wholesale not providing 'formal detailed guidance' - "We are pleased with the performance of our business and optimistic that many of the trends contributing to this performance will be enduring in nature," said Laura Felice, Executive Vice President, CFO, BJ's Wholesale Club. "However, there continue to be external factors and uncertainties in the market, and as a result we will continue to refrain from offering formal detailed guidance."
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BJ | Hot Stocks06:40 EST BJ's Wholesale reports Q3 total comparable sales increased by 13.1% - Reflecting two-year stacked comp of 27.2%. Comparable club sales, excluding gasoline sales, increased by 5.7%, reflecting two-year stacked comp of 24.2%. Digitally-enabled sales growth was 44%, reflecting two-year stacked comp growth of 244%.
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BJ | Hot Stocks06:39 EST BJ's Wholesale announces $500M share repurchase authorization
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BERY | Hot Stocks06:36 EST Berry Global targets 30% circular plastics by 2030 - Berry Global announced its most ambitious sustainable packaging goal to date: 30% circular plastics use across its fast-moving consumer goods packaging by 2030. Circular plastics include recycled and renewable resins like bioplastics. Berry's global footprint and purchasing scale offer unique access to the supply of high-quality recycled material. As the company moves away from its reliance on virgin plastic, Berry's new 30 by 30 goal surpasses its previous goal to use 10% post-consumer recycled resin by 2025. The new target aims to give natural resources multiple lives and increase the use of bio-based products made from renewable resources as Berry envisions decoupling from virgin plastic and fossil fuels in the long term.
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NOV | Hot Stocks06:35 EST NOV Inc. reinstates regular quarterly cash dividend of 5c per share - Payable on December 17 to each stockholder of record on December 3.
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BABA | Hot Stocks06:34 EST Alibaba down 3% to $156 in New York trading after earnings, guidance
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IRBT | Hot Stocks06:33 EST iRobot acquires Aeris Cleantec, terms undislcosed - iRobot announced that it has acquired privately-held Aeris Cleantec, a provider of air purifiers headquartered in Cham, Zug Switzerland. Aeris' founders Pierre Bi, CEO, and Constantin Overlack, COO, will join iRobot and lead air purification product operations, including engineering, product management and design. Aeris currently employs over 30 people, all of whom are expected to join iRobot. Financial terms of the transaction were not disclosed. Although iRobot anticipates that the Aeris business will be modestly dilutive to iRobot's full-year 2022 earnings, the company expects that accelerated revenue growth during the second half of 2022 will deliver improved operating profitability and that this transaction will be accretive to the company's full-year 2023 earnings. The company expects to provide additional information about the Aeris products and the anticipated financial impact from this product line over the coming years during the company's Investor Day on December 9.
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LEV | Hot Stocks06:31 EST Lion Electric receives order for 55 electric school buses - Lion Electric announced that it has received an order from Groupe Autobus Seguin for 55 100% electric school buses, including 45 LionA and 10 LionC models, to be delivered by 2025. The order is conditional upon the satisfactory grant of funding under the Quebec government's School Transportation Electrification Program and the Canadian federal government's Zero Emission Transit Fund. The order of 55 new zero-emission school buses comes following the 60 vehicles that Autobus Seguin previously acquired in January, 10 of which are already on the road. The new buses will be used on school routes in the Montreal and Laval regions in the province of Quebec.
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ATHM | Hot Stocks06:30 EST Autohome announces $200M share repurchase program - Autohome's board authorized a share repurchase program under which the company may repurchase up to $200M of its American depositary shares over the next twelve months.
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BABA | Hot Stocks06:27 EST Alibaba reports annual active consumers up 62M to 1.24B - Alibaba said annual active consumers, or AACs, of the Alibaba Ecosystem across the world reached approximately 1.24 billion for the twelve months ended September 30, 2021, an increase of approximately 62 million from the twelve months ended June 30, 2021. This includes 953 million consumers in China and 285 million consumers overseas, representing a quarterly net increase of 41 million and 20 million, respectively.
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BDSX | Hot Stocks06:13 EST Biodesix's VeriStrat proteomic test shows improved patient survival in NSCLC - Biodesix announced new interim data published from the large multi-center observational registry study INSIGHT utilizing its predictive and prognostic blood-based host immune classifier - the VeriStrat test - to stratify Immune checkpoint inhibition treatment response in patients with advanced non-small cell lung cancer, or NSCLC. The study was published in the Journal of Immunotherapy of Cancer. Results from the interim analysis of approximately 2,000 patients with at least one year of follow up showed that patients classified by VeriStrat as host immune classifier hot had better outcomes, on average living 2-3 times longer when compared to patients classified by VeriStrat as HIC-Cold. A classification of HIC-H implies that patients are potentially responsive to therapies that boost immune response. HIC "cold" classification correlates to where tumor-directed immunity is compromised. The data suggests that using an HIC test alongside PD-L1 results and other clinical factors may help inform treatment response and improve outcomes.
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AZN | Hot Stocks06:11 EST AstraZeneca's AZD7442 COVID PROVENT and TACKLE trials show 'robust efficacy' - The company states: "New data from the AZD7442 COVID-19 PROVENT prevention and TACKLE outpatient treatment Phase III trials both showed robust efficacy from a one-time intramuscular (IM) dose of the long-acting antibody (LAAB) combination. In an analysis of the ongoing PROVENT trial evaluating a median six months of participant follow-up, one 300mg IM dose of AZD7442 reduced the risk of developing symptomatic COVID-19 compared to placebo by 83%. About 2% of the global population is considered at increased risk of an inadequate response to a COVID-19 vaccine. This includes people with blood cancers or other cancers being treated with chemotherapy, patients on dialysis, those taking medications after an organ transplant or who are taking immunosuppressive drugs for conditions including multiple sclerosis and rheumatoid arthritis. The AZD7442 PROVENT trial is the first Phase III trial prospectively designed to evaluate a monoclonal antibody for pre-exposure prophylaxis of symptomatic COVID-19, with targeted inclusion of high-risk and immunocompromised participants. More than 75% of PROVENT participants at baseline had co-morbidities that put them at high risk for severe COVID-19 if they were to become infected, including people who are immunocompromised and may have a reduced immune response to vaccination. There were no cases of severe COVID-19 or COVID-19-related deaths in those treated with AZD7442 at either the primary or six-month analyses. In the placebo arm, there were two additional cases of severe COVID-19 at the six-month assessment, for a total of five cases of severe COVID-19 and two COVID-related deaths. An exploratory analysis of the TACKLE outpatient treatment trial, in patients with mild-to-moderate COVID-19, showed that one 600mg IM dose of AZD7442 reduced the risk of developing severe COVID-19 or death by 88% compared to placebo in patients who had been symptomatic for three days or less at the time of treatment. A total of 90% of participants enrolled in TACKLE were from populations at high risk of progression to severe COVID-19 if they became infected, including those with co-morbidities. In both PROVENT and TACKLE, AZD7442 was generally well tolerated. No new safety issues were identified in the six-month analysis of PROVENT."
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OGI | Hot Stocks06:07 EST Organigram launches new CBD brand Monjour - Organigram announced the launch of Monjour, the company's new wellness brand, offering CBD-forward products for consumers seeking ways to incorporate cannabidiol into their daily wellness routine. Monjour's first offerings in this emerging category include both vegan-friendly as well as sugar-free soft chews, both in assorted flavours. Monjour is the latest product line to be produced in the recently acquired Edibles and Infusions facility located in Winnipeg, Manitoba.
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ATKR | Hot Stocks06:06 EST Atkore raises FY22 CapEx view to $80M-$90M - Bill Waltz, Atkore President and CEO said, "As we enter fiscal 2022, we continue to invest in our business to drive value with a focus across our three key conduits of growth: advancing new product innovations, such as MC Glide, improving cross-selling opportunities in our focused product categories and strategically engaging our M&A pipeline to strengthen our portfolio. Through these efforts and supported by the megatrends of electrification and digitization, we expect to generate solid cash flow from operating activities, and deploy over $1 billion in cash to drive value creation over the next couple of years. We are increasing our projections for capital expenditures in fiscal 2022 up to approximately $80 to $90 million, and we are pleased to announce a new share repurchase program of $400 million over the next two years. Across Atkore, we are working to create an even stronger business for the future for the benefit of our employees, customers, shareholders and communities."
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KBR | Hot Stocks06:03 EST KBR awarded Plinke nitric acid concentration contract by Hanwha - KBR announced it has secured a contract for its Plinke nitric acid concentration and spent acid recycling technologies from Hanwha Solutions for its new production facilities at Yeosu, South Korea. Under the terms of the contract, KBR will provide a license, basic and detailed engineering design, technical services, and proprietary equipment to Hanwha for the production of 160,000 metric tons per year of concentrated nitric acid and treatment and recycling of 240,000 metric tons per year of spent sulfuric acid. Nitric acid and its derivatives are processed for the production of various materials such as flexible polyurethane foams which help manufacturers in the furniture, bedding and automotive sectors to achieve sustainability and energy conservation objectives, or precision chemicals such as those used in the semiconductor industry.
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CSIQ | Hot Stocks05:57 EST Canadian Solar sees FY21 shipments 840 MWh-860 MWh - The company said, "For the full year of 2021, battery storage shipments, accounted in CSI Solar, are expected to be in the range of 840 MWh to 860 MWh. Global Energy project sales are expected to be in the range of 1.5 GW to 2.1 GW, reflecting the timing of certain project sales which could be recognized either in the fourth quarter of 2021 or first quarter of 2022."
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RKLB BKSY | Hot Stocks05:39 EST Rocket Lab deploys two satellites into orbit for BlackSky - Rocket Lab (RKLB) has successfully deployed two satellites to orbit for BlackSky (BKSY). Rocket Lab also successfully introduced helicopter operations to a recovery mission for the first time, using a helicopter to observe and track the Electron rocket's first stage as it descended to Earth under parachute as part of the company's program to make Electron the world's first reusable, orbital-class commercial small rocket.
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JPM | Hot Stocks05:31 EST Chase to offer customers 3% cash back on Amazon UK spend - Digital bank Chase announced it is offering 3% cashback on Amazon.co.uk spend until the end of 2021, to help customers make more of their Amazon purchases this festive season. The Chase current account already offers customers 1% cashback on all eligible debit card spend for 12 months, but beginning immediately, Chase customers can benefit from an increased cashback offer of 3% on online purchases from Amazon.co.uk. The promotion will run from November 18 through to December 31, and will be applicable to up to GBP 5,000 spent on the site. Customers can earn the 3% cashback when they use their Chase debit card to make purchases at Amazon.co.uk, including digital downloads, Amazon Prime subscriptions, and items sold by third-party merchants through Amazon.co.uk's marketplace.
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NCTY | Hot Stocks05:28 EST The9 NFT platform enters exclusive license agreement with Giannis Antetokounmpo - The9 announced that NFTStar, a wholly owned subsidiary of The9 for NFT trading and community platform, has signed an exclusive license agreement with two-time NBA MVP, Giannis Antetokounmpo, and his three brothers, Thanasis Antetokounmpo, Kostas Antetokounmpo and Alex Antetokounmpo. NFTStar will develop, sell, and trade NFT collections authorized by the Antetokounmpo brothers, and the brothers will become global ambassadors and shareholders of The9 Limited and NFTStar.
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HEPS... | Hot Stocks05:20 EST Hepsiburada expands collaboration with Google Cloud - Hepsiburada (HEPS) is expanding its long-term strategic collaboration with Google (GOOG), working with Google Cloud to further enhance and support its IT infrastructure and strengthen Hepsiburada's ability to deliver a customer experience across geographies and the Super App ecosystem. The deal will underpin Hepsiburada's efforts to scale its products and services beyond the 44M SKUs available on the platform. This collaboration is an extension of a relationship with Google, which includes working with Google Ads on advertising technology and solutions for brands to maximize their return of ad spend across all programmatic inventory, using Google products and services in business planning processes as well as previously using Google Pay to deliver payment solutions.
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BSGA | Hot Stocks05:18 EST Bitdeer to become public through Blue Safari Group Acquisition combination - Bitdeer and Blue Safari Group Acquisition announced that they have entered into a definitive merger agreement for a business combination of Blue Safari and the company . As a result of the Transaction, the combined company is expected to be renamed Bitdeer Technologies and remain a publicly listed company on Nasdaq. Bitdeer is a technology company for the cryptocurrency mining community. Headquartered in Singapore, Bitdeer currently operates five proprietary mining datacenters in the United States and Norway. Following the close of the transaction, the combined company will continue to be led by Jihan Wu as chairman and founder of Bitdeer. The transaction values Bitdeer at an implied enterprise value of approximately $4B. The Bitdeer and Blue Safari boards of directors have unanimously approved the proposed transaction, which is expected to be completed in the first quarter of 2022, subject to, among other things, regulatory approvals, the approval by Blue Safari's shareholders of the transaction and satisfaction or waiver of other customary closing conditions.
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YSG | Hot Stocks05:13 EST Yatsen announces $100M share repurchase program - The company's board of directors has approved a share repurchase program whereby the company is authorized to repurchase up to $100M worth of its ordinary shares over the next 24 months.
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