Stockwinners Market Radar for November 20, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
LEVI | Hot Stocks18:47 EST Levi Strauss CEO: Lots of pent up demand among consumers - In an interview on CNBC's Mad Money, Chip Bergh said Levi's brand is incredibly strong and he's expecting a solid holiday season. "We have a great story to tell on ESG efforts," he added. The company is focused on reducing water and chemicals in its supply chain. Also, its "buy better, wear longer" advertising strategy really resonates with young consumers, he noted.
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PANW | Hot Stocks18:24 EST Palo Alto Networks CEO: This was our best first quarter in five years - In an interview on CNBC's Mad Money, Nikesh Arora said Palo Alto Networks had it's best first quarter in five years, with year over year revenue and billings growth of 32% and 28%, respectively. "We're accelerating at scale," he noted.
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CAG | Hot Stocks18:09 EST Conagra Brands issues voluntary recall of certain Birds Eye Broccoli Tots - Conagra Brands is voluntarily recalling Birds Eye Broccoli Tots in 12 ounce packages with specific best buy dates due to the potential presence of small rocks and metal fragments in the product. Conagra Brands was made aware of this issue through calls from consumers. Conagra Brands will work with retail customers to ensure that the recalled products are removed from store shelves. No other Birds Eye products are impacted by this issue.
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MRK XLRN | Hot Stocks18:07 EST Merck completes tender offer to acquire Acceleron Pharma - Merck (MRK) announced the successful completion of the cash tender offer, through a subsidiary, Astros Merger Sub, Inc., for all of the outstanding shares of common stock of Acceleron Pharma Inc. (XLRN), at a purchase price of $180 per share in cash, without interest and less applicable tax withholding. As of the tender offer expiration at 5:00 p.m., Eastern Time, on Nov. 19, 2021, 38,752,614 shares of common stock of Acceleron were validly tendered and not withdrawn from the tender offer, representing approximately 63.3% of the total number of Acceleron's outstanding shares. All such shares have been accepted for payment in accordance with the terms of the tender offer, and Astros Merger Sub, Inc. expects to promptly pay for such shares. Merck intends to complete the acquisition of Acceleron through a merger of Astros Merger Sub, Inc. with and into Acceleron, with Acceleron being the surviving corporation, in which all shares not tendered into the offer will be cancelled and converted into the right to receive cash equal to the $180 offer price per share, without interest and less any applicable tax withholding. After the completion of the merger, Acceleron will become a wholly owned subsidiary of Merck and the common stock of Acceleron will no longer be listed or traded on the Nasdaq Global Market.
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MOGU | Hot Stocks18:00 EST Mogu receives NYSE non-compliance letter over ADS trading price - MOGU announced that it has received a letter from the New York Stock Exchange dated November 10, 2021, notifying the Company that it is below the compliance criteria in connection with the performance of its trading price in relation to the Company's American depositary shares. Pursuant to NYSE Rule 802.01C, a company will consider to be below compliance criteria if the average closing price of a security as reported on the consolidated tape is less than US$1.00 over a consecutive 30 trading-day period. Once notified, the company must bring its share price and average share price back above US$1.00 by six months following receipt of the notification. The company can regain compliance at any time during the six-month cure period if on the last trading day of any calendar month during the cure period the company has a closing share price of at least US$1.00 and an average closing share price of at least US$1.00 over the 30 trading-day period ending on the last trading day of that month. In the event that at the expiration of the six-month cure period, both a US$1.00 closing share price on the last trading day of the cure period and a US$1.00 average closing share price over the 30 trading-day period ending on the last trading day of the cure period are not attained, the NYSE will commence suspension and delisting procedures.
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CAR | Hot Stocks17:36 EST Avis Budget chairman Hees sells 43,389 common shares - In a regulatory filing, Avis Budget executive chairman Bernardo Hees disclosed the sale of 43,389 common shares of the company on November 17 at a price of $275.06 per share.
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RTX | Hot Stocks17:23 EST Raytheon Technologies unit selected by MDA to develop hypersonic interceptor - Raytheon Missiles & Defense, a Raytheon Technologies business, has been selected by the Missile Defense Agency as one of the companies to develop and test the first interceptor specifically designed to defeat hypersonic threats. The weapon, called Glide Phase Interceptor, will defeat a new generation of hypersonic missiles - weapons that travel more than five times the speed of sound and manuever rapidly in flight. GPI will intercept hypersonic weapons in the glide phase of flight, which occurs once a missile has re-entered Earth's atmosphere and is manuevering toward its target. The initial development phase will focus on reducing technical risk, rapidly developing technology, and demonstrating the ability to intercept a hypersonic threat. Developed on behalf of the MDA, GPI will be integrated into the U.S. Navy's Aegis Weapon System, a ship- and shore-based defense system.
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HII | Hot Stocks17:23 EST Huntington Ingalls awarded $113.69M Navy contract action - Huntington Ingalls was awarded an $113.69M not-to-exceed undefinitized contract action for long lead time material, or LLTM, in support of one amphibious assault ship (general purpose) replacement (LHA(R)) Flight 1 Ship. This action will be the sixth increment of LLTM awarded to HII under contract executed on April 30, 2020. Work is expected to be completed by April 2024. FY21 shipbuilding and conversion funding in the amount of $85.27M will be obligated at award and will not expire at the end of the current fiscal year. The obligation amount represents 75% of the not-to-exceed price, in accordance with Defense Federal Acquisition Regulation 217.7404-4, limitations on obligations. In accordance with 10 U.S. Code 2304, this contract was not competitively procured - only one responsible source and no other supplies or services will satisfy agency requirements. The Naval Sea Systems Command, is the contracting activity.
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LMT | Hot Stocks17:20 EST Lockheed Martin awarded $584.84M Navy contract modification - Lockheed Martin was awarded a $584.84M cost-plus-incentive-fee modification to a previously awarded contract. This modification adds scope to provide system integration engineering for the development of new ASQ-239 electronic warfare/counter measure hardware in support of the F-35 aircraft for the Air Force, Marine Corps, Navy, and non-U.S. Department of Defense, or DOD, participants. Work is expected to be completed in April 2026. FY22 research, development, test and evaluation funds in the amount of $33.93M; FY22 research, development, test and evaluation funds in the amount of $33.93M and non-U.S. DOD participant funds in the amount of $14.95M will be obligated at the time of award, none of which will expire at the end of the current fiscal year. The Naval Air Systems Command is the contracting activity.
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TGLS | Hot Stocks16:35 EST Tecnoglass director Torres sells 30,000 ordinary shares - In a regulatory filing, Tecnoglass director Julio Torres disclosed the sale of 30,000 ordinary shares of the company on November 18 at a price of $32.7805 per share.
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CRON | Hot Stocks16:34 EST Cronos Group receives noncompliance letter from Nasdaq, provides MCTO status - Cronos Group provided a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 - Management Cease Trade Orders and disclosing receipt of a Nasdaq Listing delinquency letter. On November 9, the company announced that it applied for a management cease trade order, or MCTO, with the applicable securities regulatory authorities in Canada on the basis that the company would be unable to file its quarterly report on Form 10-Q for the period ended September 30, with the U.S. Securities and Exchange Commission, together with its corresponding quarterly filings in Canada. The MCTO was issued on November 16 and restricts all trading in securities of the company, whether direct or indirect, by the CEO and CFO of the company until two full business days following the filing of the required filings and the MCTO has been revoked. The MCTO does not affect the ability of other shareholders of the Company to trade their securities. The company has received a written notice from the Listing Qualifications Department of Nasdaq, dated November 16, notifying the company that it is not in compliance with the requirements for continued listing set forth in Nasdaq Listing Rule 5250 because it did not timely file the Form 10-Q. The notice has no current impact on the listing or trading of the company's common stock on the Nasdaq Stock Market.
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FULT | Hot Stocks16:32 EST Fulton Financial declares special cash dividend of 8c per share - Fulton Financial announced that its Board of Directors has declared a special cash dividend of 8c per share on its common stock, payable on December 15 to shareholders of record as of December 1. Fulton declared quarterly cash dividends on its common stock of 14c per share in each of the first, second and third quarters of 2021 and reported record earnings per share for both the first and third quarters of 2021. The Board is expected to consider the next quarterly cash dividend at its December 2021 meeting. Fulton also announced that the Board has extended the timeframe for its stock repurchase program, announced in February 2021, from December 31, 2021 to March 31, 2022. The stock repurchase program authorizes Fulton to repurchase up to an aggregate of $75M of Fulton's outstanding common stock. To date, approximately $29.2M of Fulton's common stock has been repurchased under the repurchase program, with a remaining authorization of up to $45.8M of common stock that may be repurchased under the program through March 31, 2022.
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ESXB | Hot Stocks16:31 EST Community Bankers Trust announces special dividend - Community Bankers Trust Corporation, the holding company for Essex Bank, announced that its board has declared a special dividend of 4.42c per share with respect to the company's outstanding common stock. The dividend will be payable on December 2 to shareholders of record at the close of business on November 29. The special dividend is in addition to the company's quarterly dividend of 7c payable on December 1 to shareholders of record at the close of business on November 18.
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MRNA | Hot Stocks16:14 EST Moderna confirms CDC panel votes to recommend COVID vaccine booster - Moderna announced that the U.S. Centers for Disease Control and Prevention's Advisory Committee on Immunization Practices voted today to recommend the use of a booster dose of the Moderna COVID-19 vaccine at the 50 microgram dose level for people aged 18 and older under the Emergency Use Authorization issued by the U.S. Food and Drug Administration. The positive vote was unanimous with 11 ACIP members recommending the booster. "We thank the ACIP for this recommendation, which will provide individuals with another layer of protection against COVID-19 as we enter the winter months and as cases of COVID-19 and hospitalizations are increasing across the country," said Stephane Bancel, Chief Executive Officer of Moderna. "This is another important step in our quest to address this pandemic with our mRNA vaccine."
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TLYS | Hot Stocks16:07 EST Tilly's declares special cash dividend of $1.00 per share - Tilly's announced that its Board of Directors has declared a special cash dividend of $1.00 per share, or approximately $31M in the aggregate, on the company's outstanding Class A and Class B common stock. This one-time, special dividend is payable on December 15 to stockholders of record at the close of business on December 7.
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TLYS | Hot Stocks16:06 EST Tilly's declares special cash dividend of $1.00 per share - Tilly's announced that its Board of Directors has declared a special cash dividend of $1.00 per share, or approximately $31M in the aggregate, on the company's outstanding Class A and Class B common stock. This one-time, special dividend is payable on December 15 to stockholders of record at the close of business on December 7.
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ISBC CFG | Hot Stocks16:07 EST Investors Bancorp announces shareholder approval of Citizens deal - Investors Bancorp, Inc. (ISBC) announced that stockholders of the company approved the planned merger with Citizens Financial Group (CFG) at a special meeting of the company's stockholders held earlier today. The transaction is expected to close in the first half of 2022, subject to the receipt of required regulatory approvals and other customary closing conditions. Kevin Cummings, Chairman and Chief Executive Officer, commented, "We are very pleased to have received overwhelming stockholder support for the planned merger with Citizens. Our customers, colleagues, communities and stockholders will benefit from Citizens' scale, capabilities and commitment to excellence."
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EA SBUX | Hot Stocks16:04 EST Electronic Arts names Starbucks exec Rachel Gonzalez to board of directors - Electronic Arts (EA) announced that Rachel Gonzalez has been appointed to EA's Board of Directors, effective immediately. Gonzalez will also serve on EA's Nominating and Governance Committee. Gonzalez is executive vice president, general counsel for Starbucks Coffee Company (SBUX) where she oversees legal and regulatory affairs, global security, and ethics and compliance. Prior to joining Starbucks, she served as Chief Administrative Officer for travel technology company Sabre Corporation where she led a global team responsible for corporate communications, corporate compliance, government affairs, human resources, legal strategy, and regulatory affairs. Ms. Gonzalez has also held leadership roles at Dean Foods and Affiliated Computer Service. Earlier in her career, she was a partner at Morgan, Lewis & Bockius focusing on corporate finance, corporate governance, mergers and acquisitions, and SEC compliance.
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BOMN | Hot Stocks16:03 EST Link Media Outdoor acquires Keleher outdoor advertising assets - Link Media Outdoor, a subsidiary of Boston Omaha, announced the purchase of the outdoor advertising assets of Keleher Outdoor Advertising, Inc. and Keleher Enterprises, Inc., based in Bartlesville, OK. Keleher was founded in 1975 and operates over 600 billboard faces in Oklahoma and southeast Kansas. These assets add new territory for Link, as well as complement Link's extensive Kansas inventory. Scott LaFoy, President and CEO of Link said, "Link is excited to enter the Oklahoma market and enhance our Kansas footprint as we expand our service to advertisers and customers in that area. Keleher Outdoor is a fine family business founded by Dan Keleher, Sr over 46 years ago. Dan Keleher, Jr and his wife Janie have done a great job further building the company and have been a pleasure to work with on this transaction. Link looks forward to continuing to build on this legacy." The transaction follows Link's acquisition of the assets of Thomas Outdoor Advertising in Manhattan, KS earlier in 2021, which added over 350 faces to the company's existing Kansas footprint. The inventory will be managed by Link's Kansas City office. "We found a quality buyer with Link," said Dan Keleher, Jr, president of Keleher. "We believe they share our sense of community and values for the type of markets we've done business in. We look forward to having them in Oklahoma." Max Drachman of Drachman M&A Co. represented the seller.
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ECHO | Hot Stocks16:03 EST Echo Global shareholders approve merger with affiliate of The Jordan Company - Echo Global Logistics announced that its stockholders approved the proposed merger of Echo and Einstein Merger Sub, a Delaware corporation and a wholly owned subsidiary of Einstein MidCo, a Delaware limited liability company and an affiliate of The Jordan Company, L.P., a global private equity firm, pursuant to the Agreement and Plan of Merger, dated as of September 9, by and among the company, Merger Sub and Parent. Subject to the terms of the Merger Agreement, at the effective time of the merger, Merger Sub will merge with and into Echo, with Echo surviving the merger as a wholly owned subsidiary of Parent. Subject to the satisfaction or waiver of the remaining conditions to closing, the Merger is expected to close on November 23.
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BREZ | Hot Stocks16:01 EST Breeze Holdings Acquisition requests deadline extension for business combo - Breeze Holdings Acquisition Corp. announced that its sponsor, Breeze Sponsor, LLC, requested that the ompany extend the date by which it has to consummate a business combination from November 25, 2021 to February 25, 2022. The Extension is the first of up to two three-month extensions permitted under the company's governing documents. In connection with such Extension, the Sponsor has notified the company that it intends to cause an aggregate of $1,150,000 to be deposited into the company's trust account on or before November 25, 2021.
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IOT | Hot Stocks15:54 EST Samsara files for IPO, applies to list on NYSE under symbol 'IOT' - Samsara Inc. has filed with the SEC for an initial public offering and applied to list its Class A common stock on the New York Stock Exchange under the trading symbol "IOT." The company's prospectus states: "Samsara is on a mission to increase the safety, efficiency and sustainability of the operations that power the global economy. To realize this vision, we pioneered the Connected Operations Cloud, which allows businesses that depend on physical operations to harness Internet of Things data to develop actionable business insights and improve their operations... Our customers include small businesses, state and local governments, and large, global enterprises with complex operations involving thousands of physical assets. As of October 30, 2021, we had over 13,000 Core Customers, who are customers with subscriptions to our Connected Operations Cloud representing over $5,000 in annual recurring revenue, ARR. And we believe there is still significant room for growth... We were founded in 2015 and have achieved significant growth since our inception. For our fiscal years ended February 1, 2020 and January 30, 2021, our revenue was $119.9M and $249.9M, respectively, representing year-over-year growth of 108%. Our revenue for the nine months ended October 31, 2020 and October 30, 2021 was $174.0M and $302.6M, respectively, representing year-over-year growth of 74%. Our net loss was $225.2M and $210.2M for our fiscal years ended February 1, 2020 and January 30, 2021, respectively, and $174.0M and $102.3M for the nine months ended October 31, 2020 and October 30, 2021, respectively."
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MRNA... | Hot Stocks15:29 EST CDC advisory committee backs booster shots for all adults - The CDC advisory committee voted 11 to zero that adults 18 and older may get a booster shot six months following their second mRNA Covid vaccine shot. On whether those aged 50 and above should get a booster, the panel also voted 11 to zero.
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AGC GRAB | Hot Stocks15:27 EST Altimeter Growth to hold shareholders meeting on Grab deal approval on Nov. 30 - Altimeter Growth Corp. (AGC), a publicly traded special purpose acquisition company, announced that the U.S. Securities and Exchange Commission has declared effective the registration statement of Grab Holdings Limited on Form F-4 relating to the company's proposed business combination with Grab Holdings, which it identifies as "Southeast Asia's leading superapp based on GMV in 2020 in each of food deliveries, mobility and the e-wallets segment of financial services, according to Euromonitor." AGC recommends its shareholders vote in favor of the proposed business combination and the related proposals described in the company's definitive proxy statement at AGC's extraordinary general meeting to be held at 12:00 p.m. Eastern Time on November 30.
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MRNA... | Hot Stocks15:23 EST CDC advisory committee backs booster shots for all adults - The CDC advisory committee voted to 11 to zero that adults 18 and older may get a booster shot six months following their second mRNA Covid vaccine shot. On weather those aged 50 and above should get a booster, the panel also voted 11 to zero.
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OTGLY MSFT | Hot Stocks15:20 EST CD Projekt's Grabowski says no Xbox Game Pass plans for 'Cyberpunk 2077' - CD Projekt Red (OTGLY) global PR director Radek Grabowski said in a tweet that the company has no plans for "Cyberpunk 2077" to be on Microsoft's (MSFT) Xbox Game Pass subscription service. Reference Link
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CMCSA | Hot Stocks15:10 EST NBCUniversal announces six-year extension for U.S. Premier League rights - Comcast's NBCUniversal announced it has agreed to a six-year extension of its partnership with the Premier League and will exclusively present all 380 matches, studio programming, and additional content across NBC, USA Network, Peacock, Telemundo, Universo, and other platforms. "With the new agreement, which begins with the 2022-23 season next summer, NBC Sports, Peacock, and Telemundo Deportes will present the Premier League through 2028 - a span of 15 seasons for NBCUniversal as the exclusive U.S. media home of the world's best soccer league... NBC Sports is averaging a Total Audience Delivery of 609,000 viewers across its English- and Spanish-language Premier League television match windows this season - the highest viewership average through this point in the season since 2015-16 and up 14% from last year. NBC Sports is the home of 489 of the 500 most-watched live Premier League matches in U.S. television history," the company stated. Reference Link
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DB | Hot Stocks14:48 EST Deutsche Bank says Wynaendts nominated as next Supervisory Board Chairman - The Nomination Committee of Deutsche Bank's Supervisory Board recommends proposing Alexander Wynaendts for election to the Supervisory Board at the Annual General Meeting on May 19, 2022, the company announced. "It is intended that he will subsequently be elected the successor to Paul Achleitner as Chairman. The recommendation to elect Alexander Wynaendts to the Supervisory Board is subject to the approval by the Supervisory Board plenary," Deutsche Bank stated.
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AMPG | Hot Stocks14:23 EST AmpliTech agrees to buy assets, operations of Spectrum Semiconductor Materials - AmpliTech Group announced that it has executed a definitive agreement to acquire the assets and operations of Spectrum Semiconductor Materials, a specialty distributor of semiconductor components based in San Jose, CA. The transaction is expected to close within the company's fiscal year 2021, subject to the satisfaction of certain closing conditions. The purchase price is $8.0M in cash plus $1.5M to be held in escrow through December 2022, to fund any purchase price or other adjustments, plus the grant of 188,442 restricted shares of AmpliTech common stock. The parties have agreed to a purchase price adjustment of 25% of Spectrum's cumulative net revenue above or below $20M in sales for calendar years 2021 and 2022 combined. On September 30, AmpliTech notes it had approximately $28M in cash, cash equivalents, and marketable securities, and no long-term debt. "The purchase is expected to deliver significant strategic and top and bottom-line benefits while also building on AmpliTech's technical and management expertise and distribution reach. Spectrum is on track to achieve unaudited 2021 revenue of $10M - $11M, representing double-digit growth over Spectrum Semiconductor Materials sales in fiscal 2020, with 2021 pre-tax net income of approximately 25% of revenue. Spectrum achieves such strong net margins by stocking a wide variety of specialty products and employing disruptive digital inventory practices that optimize operating efficiency. AmpliTech's revenue for the past four quarters was $3.5M and recently announced a record order backlog of $3.4M following $1.2m in new orders. Spectrum Semiconductors has a record current order backlog of $8M in orders anticipated to ship through June 30, 2022," the company stated.
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UBSI | Hot Stocks14:02 EST United Bankshares raises quarterly dividend 2.9% to 36c per share - United Bankshares announced that its Board of Directors declared a fourth quarter dividend of 36c per share for shareholders of record as of December 2, 2021. Dividends per share of $1.41 for the year 2021 represents an increase over the $1.40 per share paid for the year of 2020. The dividend payout of approximately $46.5M on 129.2M shares is payable January 3, 2022.
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MU | Hot Stocks13:34 EST Micron says 'first semiconductor company to sample and validate' LPDDR5X DRAM - Micron Technology, at the MediaTek Executive Summit, announced that MediaTek has validated Micron's low-power double data rate 5X, or LPDDR5X, DRAM for MediaTek's new Dimensity 9000 5G flagship chipset for smartphones. "Micron is the first semiconductor company to sample and validate this fastest, most advanced mobile memory in the industry and has shipped the first batch of samples of LPDDR5X built on its first-to-market 1-alpha node. Designed for high-end and flagship smartphones, Micron's LPDDR5X allows the smartphone ecosystem to unlock the next wave of data-intensive applications powered by artificial intelligence and 5G innovation... Peak LPDDR5X speeds of 8.533 Gb/s deliver up to 33% faster performance than previous-generation LPDDR5," Micron stated in a press release. MediaTek's Dimensity 9000 mobile SoC will be the first to support LPDDR5X memory, the company noted.
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TTWO | Hot Stocks13:05 EST Take-Two's Rockstar plans to address 'unexpected' issues in 'GTA: The Trilogy' - Take-Two's Rockstar Games released a statement on the "unexpected technical issues" that have affected the launch of "Grand Theft Auto: The Trilogy - The Definitive Edition." "We have ongoing plans to address the technical issues and to improve each game going forward," the company said. "With each planned update, the games will reach the level of quality that they deserve to be. A new Title Update is on the way in the coming days for all versions of Grand Theft Auto: The Trilogy - The Definitive Edition that will address a number of issues. We will update everyone as soon as it is live... We will be adding the classic PC versions of Grand Theft Auto III, Grand Theft Auto: Vice City, and Grand Theft Auto: San Andreas back to the Rockstar Store shortly as a bundle. Additionally, everyone who has purchased Grand Theft Auto: The Trilogy - The Definitive Edition for PC from the Rockstar Store through June 30, 2022, will receive these classic versions in their Rockstar Games Launcher library at no additional cost. We will update everyone as soon as these are back in the Rockstar Store." Reference Link
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BKR | Hot Stocks13:03 EST Baker Hughes reports U.S. rig count up 7 to 563 rigs - Baker Hughes reports that the U.S. rig count is up 7 from last week to 563 with oil rigs up 7 to 461, gas rigs unchanged at 102, and miscellaneous rigs unchanged at 0. The U.S. Rig Count is up 253 rigs from last year's count of 310, with oil rigs up 230 gas rigs up 26 and miscellaneous rigs down 3. The U.S. Offshore Rig Count is unchanged at 15, up 3 year-over-year. The Canada Rig Count is down 1 from last week to 167, with oil rigs up 1 to 102, gas rigs down 2 to 65. The Canada Rig Count is up 66 rigs from last year's count of 101, with oil rigs up 60, gas rigs up 6.
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BKR | Hot Stocks13:02 EST Baker Hughes reports U.S. rig count up 7 to 563 rigs
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WMT | Hot Stocks12:41 EST Flipkart to acquire majority stake in Sastasundar Marketplace - Walmart-backed Flipkart announced its foray into the healthcare sector through the launch of Flipkart Health+. As part of this development, the Group has signed definitive agreements to acquire a majority share in Sastasundar Marketplace Limited, which owns and operates SastaSundar.com, an online pharmacy and digital healthcare platform, as it focuses on providing consumers access to affordable and convenient healthcare. Flipkart said that Flipkart Health+ will leverage the combined strengths of the Flipkart Group, which includes its pan-India reach and technology capabilities, with SastaSundar's deep expertise to provide consumers end-to-end offerings in the health-tech ecosystem. It will endeavour to give millions of Indian consumers access to quality and affordable healthcare, starting with e-pharmacy and will add new healthcare services such as e-diagnostics and e-consultation over time. Flipkart Health+ will report to Ajay Veer Yadav, Senior Vice President and Flipkart veteran. Reference Link
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ET | Hot Stocks12:39 EST Pennsylvania approves nearly $2M settlement with Energy Transfer - The Pennsylvania Public Utility Commission yesterday approved a settlement related to a pipeline failure and fire in Beaver County involving the "Revolution Pipeline." The Revolution Pipeline is a 24-inch natural gas pipeline operated by Energy Transfer Company. The settlement includes a $1M civil penalty, to be paid by Energy Transfer to the Commonwealth of Pennsylvania within 30 days of final approval of the settlement, and approximately $975,000 in additional safety-related measures. Reference Link
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CHCO | Hot Stocks12:31 EST City Holding boosts quarterly dividend by 3% to 60c from 58c - City Holding declared a dividend of 60c per common share for shareholders of record as of January 14, 2022. The dividend is payable on January 31, 2022. The dividend represents a 3.45% increase from the 58c per share cash dividend paid in Q3. "Our board once again voted to increase the quarterly cash dividend by 2 cents to 60 cents," stated Charles Hageboeck, President and CEO. "This increase reinforces the Company's commitment of returning value to its shareholders. The decision to increase the dividend to $2.40 on an annualized basis is based on the Company's current strong capital and liquidity position, our financial performance during 2021, and our confidence in the Company's ability to sustain this performance."
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SMID | Hot Stocks12:07 EST Smith-Midland Corp signs land purchase agreements for 33.15 acres for $3.6M - Smith-Midland Corporation announced the board approved and finalized land purchase agreements totaling 33.15 acres of land adjoined to the company's Virginia manufacturing plant located in Fauquier County. The Virginia manufacturing facility which included 45 acres prior to these land purchases serves several of Smith-Midland's strongest markets reaching from New York to North Carolina, and south to West Virginia. The purchase agreements include three parcels of land, the first is comprised of 1.51 acres, the second includes 28.28 acres, and the third is a 3.36 acre parcel of land which brings the total purchase to 33.15 acres. The purchase prices are $525,000, $2.8M, and $295,000 respectively bringing the final cost to $3.6M.
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RAAS | Hot Stocks12:00 EST Cloopen falls -12.1% - Cloopen is down -12.1%, or -53c to $3.83.
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FL | Hot Stocks12:00 EST Foot Locker falls -12.2% - Foot Locker is down -12.2%, or -$7.05 to $50.51.
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ECVT | Hot Stocks12:00 EST Ecovyst falls -13.0% - Ecovyst is down -13.0%, or -$1.39 to $9.29.
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TAL | Hot Stocks12:00 EST TAL Education rises 9.9% - TAL Education is up 9.9%, or 43c to $4.79.
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DNA | Hot Stocks12:00 EST Ginkgo Bioworks rises 10.8% - Ginkgo Bioworks is up 10.8%, or $1.29 to $13.27.
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UWMC | Hot Stocks12:00 EST UWM Holdings rises 18.4% - UWM Holdings is up 18.4%, or $1.01 to $6.54.
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NI TAP | Hot Stocks11:46 EST NiSource general counsel Anne-Marie D'Angelo to depart - NiSource (NI) announced that Anne-Marie D'Angelo, executive vice president, general counsel and corporate secretary, is leaving NiSource to assume the position of Chief Legal and Government Affairs Officer at Molson Coors Beverage Company (TAP). As a result of Ms. D'Angelo's departure, the company has named Vice President and Deputy General Counsel Kim Cuccia as interim General Counsel, and has commenced a nationwide search for a replacement.
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FLR | Hot Stocks11:30 EST Fluor joint venture completes bypass structure as part of CTA modernization - Fluor Corporation announced that its joint venture team with Walsh Construction Company has reached the first major milestone of the Chicago Transit Authority's historic Red and Purple Modernization Phase One Project with the completion of a rail bypass structure that will eliminate a century-old bottleneck on the CTA's Red, Purple and Brown lines. The first train to travel the bypass, where an intersection has slowed traffic for millions of riders over the years, marks a significant step of the major revitalization of CTA's rail system.
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MSFT | Hot Stocks11:24 EST Xbox game 'Forza Horizon 5' draws over 10M players in first week - Microsoft's latest PC title and Xbox console exclusive "Forza Horizon 5" reached over 10M players in its launch week, marking the biggest first week in Xbox history and Xbox Game Pass, according to the Twitter account of the "Forza Horizon" franchise. Reference Link
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GIB | Hot Stocks11:13 EST CGI Inc. selected to develop Common Catalog Platform for U.S. GSA - CGI was selected by the U.S. General Services Administration to develop a modern Application Programming Interface-accessible, web-based application for managing catalog data, called the Common Catalog Platform. Awarded under the GSA CIO Modernization and Enterprise Transformation contract vehicle, the task order features a phased approach that extends over a 1-year base period and four, 1-year option periods with initial funding of $3.1M. Upon execution of all options, the total task order value is $19M.
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BMRN | Hot Stocks10:46 EST BioMarin confirms FDA grants accelerated approval to Voxzogo - BioMarin Pharmaceutical announced that the U.S. Food and Drug Administration has granted accelerated approval to Voxzogo for Injection, indicated to increase linear growth in pediatric patients with achondroplasia five years of age and older with open epiphyses. This indication is approved under accelerated approval based on an improvement in annualized growth velocity. Continued approval for this indication may be contingent upon verification and description of clinical benefit in confirmatory studies. To fulfill this post-marketing requirement, BioMarin intends to use the ongoing open-label extension studies compared to available natural history. Voxzogo is the first FDA approved treatment for children with achondroplasia, the company said.
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BMRN | Hot Stocks10:31 EST FDA approves BioMarin's Voxzogo for growth in children with dwarfism - The U.S. Food and Drug Administration approved Voxzogo injection to improve growth in children five years of age and older with achondroplasia and open epiphyses, meaning these children still have the potential to grow. Achondroplasia is the most common form of dwarfism, the FDA noted. The FDA approved Voxzogo under the accelerated approval pathway, which allows for earlier approval of drugs that treat serious conditions and fill an unmet medical need, based on a surrogate or intermediate clinical endpoint. A condition of this accelerated approval is a post-marketing study that will assess final adult height. This application also received priority review designation. The FDA granted the approval of Voxzogo to BioMarin.
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BA | Hot Stocks10:27 EST Boeing down 4% to $218.17 after WSJ report on 787 production issues
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RTX ERJ | Hot Stocks10:19 EST Embraer's OGMA strengthens collaboration with Pratt & Whitney - OGMA, an Embraer (ERJ) company, signed a new contract with Pratt & Whitney that reinforces the collaboration between the two companies, which began a year ago. This agreement, signed in the presence of the Prime Minister, Antonio Costa, ensures that Portugal will provide maintenance for the PW1900G engine that currently powers the Embraer E190-E2 and E195-E2 aircraft, the companies said in a statement. Throughout the project, with a greater impact between 2022 and 2023, the creation of around 300 direct highly skilled jobs is expected, and with this new contract from 2027, it is expected the creation of about 200 more jobs, they added. Pratt & Whitney is a unit of Raytheon (RTX).
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AZN | Hot Stocks10:04 EST AstraZeneca, Tempus enter collaboration for oncology therapeutics - Tempus announced a multi-year, strategic collaboration with AstraZeneca in which the two companies will work together to gather insights, discover novel drug targets, and aim to develop therapeutics for the broader oncology community. By combining the capabilities of a technology company with those of a biopharmaceutical company, the two companies hope to advance drug discovery and development, to more quickly deliver innovation to patients. The strategic collaboration aims to optimize Tempus' AI-enabled platform and vast repository of multimodal data to advance novel therapeutic programs in oncology on a global scale. Under the terms of the agreement, AstraZeneca will leverage Tempus' de-identified data and analytical tools across a broad range of capabilities. This collaboration combines Tempus' AI and machine learning capabilities for identifying novel insights with AstraZeneca's deep expertise in R&D to ultimately develop new therapeutic options for patients.
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CBL VLTA | Hot Stocks10:02 EST CBL Properties, Volta partner for EV charging stations - CBL Properties (CBL) and Volta (VLTA) have partnered to offer EV charging at select CBL properties. New Volta charging stations will be installed at Arbor Place in Atlanta, Georgia, Pearland Town Center in Houston, Texas, and Laurel Park Place in Detroit, Michigan, with an opportunity to expand to additional properties in the future. Construction on the stations is currently underway and they will be operational in the next few months. CBL currently has 72 EV charging stations at properties across its portfolio.
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PFE BNTX | Hot Stocks10:02 EST Canada approves Pfizer, BioNTech Covid vaccine for 5 to 11 year olds - Health Canada today authorized the use of the Pfizer-BioNTech Comirnaty Covid-19 vaccine in children 5 to 11 years of age. This is the first COVID-19 vaccine authorized in Canada for use in this age group. Health Canada has authorized a two-dose regimen of 10 micrograms to be administered three weeks apart, which is a lower dose than the 30 micrograms two-dose regimen authorized for people 12 years of age and older. Health Canada "has placed terms and conditions requiring Pfizer-BioNTech to continue providing information to Health Canada on the safety and efficacy of the vaccine in this younger age group."
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ARVN PFE | Hot Stocks10:01 EST Arvinas, Pfizer to present updated Phase 1 dose escalation data for ARV-471 - Arvinas (ARVN) and Pfizer (PFE) announced that updated safety and efficacy data from the Phase 1 dose escalation trial of ARV-471, a novel oral estrogen receptor-targeting PROteolysis TArgeting Chimera ,or PROTAC, protein degrader, will be presented in a spotlight poster-discussion session at the 2021 San Antonio Breast Cancer Symposium, or SABCS, on December 7-10. ARV-471 is being jointly developed by Arvinas and Pfizer for the treatment of patients with locally advanced or metastatic ER positive/human epidermal growth factor receptor 2 negative breast cancer. A copy of the abstract is available at the official SABCS website, the companies noted.
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PIPR | Hot Stocks10:01 EST Piper Sandler board authorizes share repurchase up to $150M - Piper Sandler announced that its board of directors has authorized the repurchase of up to $150 million of the company's outstanding common stock. The share repurchase program will be used as part of the company's capital allocation strategy, which includes returning capital to its shareholders, and to offset the dilutive effect of employee equity-based compensation. The authorization becomes effective on January 1, 2022. The company's previous $150 million repurchase authorization expires on December 31, 2021. The new $150 million authorization will expire on December 31, 2023. As of October 29, 2019, the company had 17,878,195 shares of common stock outstanding.
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SG | Hot Stocks10:00 EST Sweetgreen falls -11.3% - Sweetgreen is down -11.3%, or -$5.62 to $43.88.
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FTCH | Hot Stocks10:00 EST Farfetch falls -13.1% - Farfetch is down -13.1%, or -$5.95 to $39.64.
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BRBR | Hot Stocks10:00 EST BellRing Brands falls -14.5% - BellRing Brands is down -14.5%, or -$3.56 to $20.94.
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CNF | Hot Stocks10:00 EST CNFinance rises 9.0% - CNFinance is up 9.0%, or 32c to $3.88.
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NGVC | Hot Stocks10:00 EST Natural Grocers rises 15.2% - Natural Grocers is up 15.2%, or $1.91 to $14.47.
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UWMC | Hot Stocks10:00 EST UWM Holdings rises 24.3% - UWM Holdings is up 24.3%, or $1.34 to $6.86.
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DAKT | Hot Stocks09:59 EST Daktronics extends shareholder rights plan - Daktronics announced that its Board of Directors approved an amendment to its Rights Agreement, extending its expiration to November 19, 2024 and changing the exercise price to $20.00. Daktronics believes that the rights agreement enables its Board to be in a better position to perform its fiduciary duties and help the Board to protect shareholders against abusive takeover tactics that may be used to gain control of the company without paying a price that is in the best interest of all shareholders and other stakeholders. The rights are designed to enable Daktronics shareholders to realize the full long-term value of their investment and to provide for fair and equal treatment of all shareholders if an unsolicited attempt is made to acquire Daktronics. The rights agreement was not adopted in response to any known offers for Daktronics and is similar to rights agreements adopted by other companies. The rights agreement, which was adopted by the Board of Daktronics after evaluation and consultation with advisors of Daktronics and consideration of all stakeholders, has no immediate dilutive effect and does not prevent Daktronics or its shareholders from accepting a fair offer to acquire Daktronics in a negotiated transaction. A right is attached to each common stock outstanding or issued until the rights are triggered and redeemed. When exercisable, the right will initially entitle shareholders to buy one-one thousandth of one share of preferred stock per common share owned at an initial exercise price of $20.00 per right, subject to adjustment. The rights will be exercisable only if a person or group acquires 20% or more of Daktronics' common stock or announces a tender offer, the consummation of which would result in ownership by a person or group of 20% or more of the common stock. At that time, Daktronics' shareholders would have the right to purchase, at a price equal to 50% of the common stock's market value, a number of shares of Daktronics' common stock equal to the exercise price multiplied by the number of one one-thousandth of a share of preferred stock for which a right was exercisable divided by 50% of the then current market value of Daktronics' common stock. Daktronics' Board of Directors may redeem the rights for $0.001 per right at any time before the rights become exercisable. Unless the rights are redeemed, exchanged or terminated earlier, they will expire on November 19, 2024. At any time after any person or group acquires beneficial ownership of 20% or more of Daktronics' common stock, the Board of Daktronics, at its option, may exchange each right (other than the rights owned by the acquirer, which will have become void), in whole or in part, for shares of Daktronics' common stock at an exchange ratio of one share of common stock per outstanding right.
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ECVT | Hot Stocks09:47 EST Ecovyst falls -9.6% - Ecovyst is down -9.6%, or -$1.02 to $9.65.
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BRBR | Hot Stocks09:47 EST BellRing Brands falls -15.5% - BellRing Brands is down -15.5%, or -$3.80 to $20.70.
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FTCH | Hot Stocks09:47 EST Farfetch falls -18.3% - Farfetch is down -18.3%, or -$8.33 to $37.26.
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SHI | Hot Stocks09:47 EST Sinopec Shanghai rises 7.1% - Sinopec Shanghai is up 7.1%, or $1.61 to $24.22.
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NGVC | Hot Stocks09:47 EST Natural Grocers rises 10.0% - Natural Grocers is up 10.0%, or $1.26 to $13.82.
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UWMC | Hot Stocks09:47 EST UWM Holdings rises 20.1% - UWM Holdings is up 20.1%, or $1.11 to $6.63.
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RDBX | Hot Stocks09:34 EST Redbox acquires U.S. distribution rights to 'Assailant' - Redbox Entertainment, the original content division of Redbox, announced it has acquired U.S. distribution rights to the thriller film "Assailant." The film will premiere in 2022 and is expected to have a limited theatrical run and be available day-and-date On Demand. The deal was negotiated by Marc Danon of Redbox Entertainment with Karinne Behr CEO of MSR Media International that handled worldwide distribution rights for the film.
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M | Hot Stocks09:33 EST Macy's announces launch of Thanksgiving Day Parade NFT series - Macy's announced the launch of 9,510 limited edition NFTs, or Non-Fungible Tokens, powered by Sweet, featuring balloons from the Thanksgiving Day Parade's "nine-decade legacy. The NFTs will support Make-A-Wish with a special auction and after-market donations set to benefit the organization, the retailer said. "As we celebrate our rich legacy, 95 years in the making, we were struck by the unique place the Parade holds in pop culture, always evolving and reflecting the greatest characters and artists of each generation. To celebrate that history, we created art in a new form through NFTs that would bring the magic of the Parade to a new generation while raising funds for our partner Make-A-Wish," added Will Coss, Executive Producer of Macy's Thanksgiving Day Parade.
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WINR | Hot Stocks09:29 EST Simplicity Esports signs equipment loan to purchase 80 new PCs - Simplicity Esports and Gaming Company announced that it has signed an equipment loan that will be used to purchase 80 new PCs. The loan is secured by the PCs, has a 10% interest rate, and is payable in 60 monthly installments of principal and interest.
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IAIC | Hot Stocks09:26 EST Information Analysis Incorporated approved for uplisting to Nasdaq - nformation Analysis Incorporated announced that the Company's common stock has been approved for listing on The Nasdaq Capital Market. The Company anticipates trading to begin on November 26, 2021 under the ticker symbol "IAIC". The Company's common stock will continue to trade on the OTC Markets quotation system on the OTCBB until trading commences on The Nasdaq Capital Market.
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JAGX | Hot Stocks09:25 EST Jaguar Health announces topline results of HALT-D trial - Jaguar Health announced topline results of the third-party, investigator-initiated Phase 2 HALT-D trial evaluating crofelemer for the prevention of chemotherapy-induced diarrhea, or CID, in HER2-positive breast cancer patients being treated with trastuzumab, pertuzumab and a taxane. These therapies are known to cause CID in up to 80% of breast cancer patients, reaching grade 3 in 8%-12% of patients. Jaguar Health believes crofelemer is the only antidiarrheal medication under clinical investigation that specifically targets the underlying mechanism of CID. The study included 51 breast cancer patients randomly assigned to either crofelemer or control standard of care with no prophylactic antidiarrheal medications. Findings showed that the primary endpoint - the incidence of having diarrhea for two or more days - was not statistically different for the two groups since about 70% of patients had this outcome regardless of cycle or CID treatment group, which is consistent with the experience of CID in patients receiving these chemotherapy regimens. The crofelemer group demonstrated better outcomes compared to the control group for a number of key secondary endpoints: Lower incidence of grade 2 or higher-grade diarrhea for the crofelemer group compared to the control group during cycle 2, based on patient-reported outcomes: 9.0% vs. 33.3%. Lower incidence of grade 2 or higher-grade diarrhea for the crofelemer group compared to the control group during cycle 2, based on investigator assessments: 9.5% vs. 41.1%. No patients in the crofelemer group experienced grade 3 or grade 4 diarrhea during cycle 2 compared to 17.6% of patients in the control group, based on patient-reported outcomes.
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TRNO | Hot Stocks09:18 EST Terreno Realty acquires industrial property in Los Angeles for $7.7M - Terreno Realty acquired an industrial property located in Los Angeles, California for a purchase price of approximately $7.7M. The property consists of two industrial distribution buildings containing approximately 17,000 square feet on 0.4 acres. The property is in Downtown Los Angeles, provides two grade-level loading positions and parking for 22 cars. The property is 100% leased to two tenants expiring in February 2023 and July 2024. The estimated stabilized cap rate of the property is 3.4%.
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WETF | Hot Stocks09:17 EST WisdomTree expands global digital assets team - WisdomTree Investments announced the expansion of its global digital assets team. The team focuses on existing and new investment products, indexes and strategies that provide exposure to crypto assets, along with new blockchain-enabled products and services across global markets. With the recent additions, WisdomTree now has a dedicated team of twelve professionals across the U.S., U.K., and Ireland focused exclusively on technology, compliance, legal, product, marketing, research and education, related to digital assets, blockchain and decentralized finance. Included in the recent new hires is John Davidson, joining as WisdomTree's new Global Head of Financial Crimes, focused on anti-money laundering and regulatory compliance. Before joining WisdomTree, John held a similar title at E*TRADE and was a Managing Director at Morgan Stanley.
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ETN | Hot Stocks09:16 EST Eaton receives Army ERDC grant - Eaton, in partnership with the University of Toledo, announced it was awarded the "Intelligent and Resilient Infrastructure" grant from the U.S. Army Engineer Research and Development Center, or ERDC. Through this program, Eaton and the University of Toledo will evaluate the use of large format additive manufacturing machines and advanced materials capable of printing high-strength parts to replace damaged Corps of Engineers components faster.
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HMBL | Hot Stocks09:16 EST HUMBL appoints George Sharp as capital markets advisor - HUMBL announced that it has once again retained the consulting services of George Sharp as Capital Markets Advisor. Mr. Sharp will shepherd HUMBL through an imminent application with OTC Markets for an advancement to the OTCQB tier and then towards an application to the NASDAQ Stock Market. In furtherance of these milestones, the company will file audited financials with the SEC beginning with the yearend statement for 2021.
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CGAU | Hot Stocks09:13 EST Centerra Gold says Mount Milligan Mine 'temporarily disrupted' by heavy rains - Centerra Gold reported that due to the recent heavy rain, flooding and mudslides in British Columbia, rail service between the Vancouver west coast terminals and the Company's Mount Milligan Mine has been temporarily disrupted. The disruption affects the movement of Mount Milligan's concentrate to Vancouver terminals as well as the delivery of some parts and consumables to the mine. Production at the Mount Milligan Mine has not been impacted at this time; however, the overall impact on production and sales will be dependent on, among other things, the duration of the rail disruption. Centerra is focused on protecting the health and safety of employees and contractors and we are continuing to closely monitor the situation.
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HMBL | Hot Stocks09:11 EST Forwardly arranges for $2M in non-dilutive debt financing - Forwardly announced that it has arranged for $2 million in debt financing from its CEO, George Sharp. Under the terms of the 12 month loan, Mr. Sharp shall be entitled to an interest rate of 8% APR. The loan is not subject to conversion into Forwardly stock. Proceeds from the loan will be used to immediately purchase 10 million shares of HUMBL through the partial exercise of a warrant the company holds to purchase up to 125 million warrant shares through December 2023 at $.20 per share. Forwardly will be unable to sell these shares until they are registered with the SEC, and the company has no intention of disposing of any stock at depreciated values.
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BRDS | Hot Stocks09:11 EST Bird Global extends service in Washington D.C. - Bird Global announced the extension of its service in Washington, D.C. The District Department of Transportation, or DDOT, will allow Bird to extend its permit through June 30, 2022 to ensure continued access to Bird's fleet of micro electric vehicles for residents, commuters and visitors.
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TTOO | Hot Stocks09:10 EST T2 Biosystems enters exclusive distribution agreement in Taiwan - T2 Biosystems announced the execution of a territory exclusive distribution agreement in Taiwan. Under the terms of the agreement,T2 Biosystems will sell T2Dx Instruments, along with T2Bacteria, T2Candida and T2Resistance Panels through this distributor. The execution of this distribution agreement includes an initial purchase of three T2Dx Instruments and marks T2 Biosystems' third entry in the Asia-Pacific market during the last 30 days. T2 Biosystems and its new distribution partner are collaborating with the health authorities in Taiwan to gain regulatory approval and offer patients the highest quality sepsis care available.
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MSGM NTDOY | Hot Stocks09:08 EST Motorsport Games launches NASCAR Heat Ultimate Edition+ on Nintendo Switch - Motorsport Games (MSGM) announces the official launch of NASCAR Heat Ultimate Edition+ on Nintendo Switch (NTDOY), available to play today. The game is the first ever NASCAR title to come to Nintendo Switch consoles. The company said, "NASCAR Heat Ultimate Edition+ brings to life the 2020 NASCAR season of the world's most popular stock car racing series for the very first time on Nintendo Switch. NASCAR Heat Ultimate Edition+ on Nintendo Switch includes everything found in the NASCAR Heat 5 Ultimate Edition, plus the 2021 NASCAR Cup Series cars, roster and primary paint schemes. The previous 2020 official teams, drivers, cars and schedule from the three NASCAR national series and Xtreme Dirt Tour races, featuring 39 authentic tracks, remain in the game as well. Further featured content includes 2020 Throwback and Playoff paint schemes, Tony Stewart as a playable character and more."
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NTRA | Hot Stocks09:07 EST Natera's Panorama SMART study results accepted for publication by AJOG - Natera announced that the first manuscript from the landmark SMART study has been accepted for publication by the American Journal of Obstetrics and Gynecology, AJOG. This publication describes the performance of the Panorama non-invasive prenatal test, NIPT, for common trisomies. SMART tested the performance of Panorama. The study also included the validation of a new artificial intelligence-based algorithm for Panorama called Panorama AI. The SMART study enrolled more than 20,000 patients over five years at 21 U.S. and international sites. All patients received Panorama as part of routine clinical care. The key results in this initial publication include: Panorama demonstrated 99% sensitivity and more than 99.5% specificity for trisomy 21 in a real-world setting, consistent with previously published studies; and Panorama AI maintained high sensitivity, detected additional cases of common aneuploidies, and significantly lowered the no-call rate to 1.5%, and to 0.6% after one redraw. "We're proud to have sponsored the SMART study, the largest prospective NIPT validation study ever performed, which focused on a general population cohort and used the gold standard of diagnostic testing for genetic truth," said Ramesh Hariharan, General Manager of Natera's Women's Health business. "This study demonstrates the excellent performance of SNP-based NIPT in a real-world setting, giving practicing physicians around the world greater confidence in screening their pregnant patients for common trisomies."
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USIO... | Hot Stocks09:06 EST Usio chosen as program manager, processor for Voyager Debit Mastercard - Usio, Inc. (USIO) announced that it has been selected by Voyager Digital (VYGVF), in a three-year exclusive agreement, to be the program manager and processor for their newly introduced debit card, the first USD Coin -based debit card that pays up to 9% annual rewards. Under this agreement, Usio will support the new Voyager Debit Card that will allow cardholders to spend cryptocurrency at the point of sale or earn rewards in cryptocurrency from debit card spending. Using Usio's flexible APIs and industry leading technology, Voyager can provide its users with a contemporary consumer experience. In addition, Usio's instant issuance will allow cards to be immediately deployed into digital wallets.
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RHHBY | Hot Stocks09:05 EST Roche announces European Commission approval of Gavreto as monotherapy - Roche announced that the European Commission has granted conditional marketing authorization for Gavreto as a monotherapy for the treatment of adults with rearranged during transfection, or RET, fusion-positive advanced non-small cell lung cancer, or NSCLC, not previously treated with a RET inhibitor. "Gavreto is the first and only precision medicine approved in the European Union for the first-line treatment of people with RET fusion-positive advanced NSCLC," the company stated.
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RMD... | Hot Stocks09:05 EST ResMed appoints Desney Tan, John Hernandez to board of directors - ResMed (RMD) announced it has elected Desney Tan and John Hernandez to its board of directors, during its annual stockholders' meeting. Desney Tan is vice president and managing director for Health and Life Science R&D at Microsoft (MSFT), where he's worked in various research roles since 2004. John Hernandez is clinical director and head of clinical research, health economics, and outcomes research at Google (GOOG, GOOGL).
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REAL | Hot Stocks09:02 EST Saks x The RealReal pop-up to open at Saks Fifth Avenue Brickell - The RealReal and Saks Fifth Avenue announced the upcoming opening of the Saks x The RealReal Pop-Up at Saks Brickell on Friday, Nov. 26. The innovative retail collaboration marks the first time a luxury retailer has offered a consignment office and resale shop inside of one of its stores. At the pop-up, shoppers will have one-on-one access to The RealReal's experts for complimentary valuations and consignment appointments. Additionally, customers will have the opportunity to shop rare watches, coveted pieces and one-of-a-kind jewelry they can't find at any other retail destination.
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CLSK | Hot Stocks09:01 EST CleanSpark purchases additional 2,297 units of Antminer S19 miners - CleanSpark announced the purchase ofan additional 2,597units of theAntminer S19 bitcoin mining machines. Delivery of the machines is scheduled to be immediate, adding to the 2,711 rigs already purchased and scheduled for delivery this month. These orders are expected to substantially add to the Company's hashrate over the coming weeks. The Company currently operates more than 12,800 miners, providing a hashrate of 1.3 EH/s.
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OMQS | Hot Stocks08:49 EST Omniq to acquire additional 26% of Dangot Computers - OMNIQ announced the acquisition of an additional 26% of Dangot Computers increasing OMNIQ's ownership to 77%. Dangot is a leader in providing state of the art technology enabling frictionless automated order processing & digital payment processing products for retail, fast food and parking, integrated working stations for physicians, drug delivery and blood tests, robotics for smart warehouses, point of sales and other innovative solutions. OMNIQ, notified the seller of the Partial Exercise of its Option according to the Stock Purchase Agreement, dated May 3, 2021. OMNIQ will pay for the additional 26% based on the Israeli Shekel currency valuation and is valued at approximately $4,136,000. The Company will not issue any equity in connection with the transaction. Closing of the exercise is expected on November 24, 2021. Consolidated OMNIQ and Dangot pro forma revenue for fiscal year 2020 amounts to approximately $91M. OMNIQ acquired 51% of Dangot ownership effective July 1st, 2021, with a 12 month option to acquire the remaining 49%, of which, the acquisition of 26% was provided as an official notice for immediate execution earlier this week, by omniQ. On November 2021, Dangot Computers Ltd was awarded with an approximate $2 Million order for Intelligent Healthcare Carts from Israel's Largest Health Maintenance Organization. On August 3, 2021, OMNIQ announced that Dangot will provide its self-service kiosks to Aroma Espresso Bar, the largest coffee chain in Israel with branches in the US, Canada and other countries. According to a Forbes article titled "Self-Order Kiosks Are Finally Having A Moment In The Fast Food Space", written by Alicia Kelso , it is predicted that the self-service kiosk market will reach $30.8 billion by 2024. Based on Pro Forma 2020 results, the acquisition creates a combined $91 Million revenue provider of automation and object identification solutions. OMNIQ is paying the sole shareholder of Dangot a total of approximately $4,136,000 million. OMNIQ will have an option to acquire the remaining 23% at the same Israeli Shekel valuation.
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BFRA | Hot Stocks08:47 EST Biofrontera announces mediation results with Zours, Deutsch Balaton - Biofrontera has been in mediation proceedings with Mr. Wilhelm K. T. Zours and Deutsche Balaton AG for a year in order to find a solution for the settlement of legal disputes and other differences. Mr. Zours is an indirect major shareholder of Biofrontera AG, holding the shares in Biofrontera AG through various companies. Another major shareholder is Maruho Deutschland GmbH, a subsidiary of Maruho Co. Ltd, Japan. At the upcoming Annual General Meeting of Biofrontera AG on December 14, 2021, new elections to the Supervisory Board will be held as scheduled. In the course of the mediation process, agreement was reached between the Deutsche Balaton Group and the incumbent Supervisory Board of Biofrontera AG on the candidates for the Supervisory Board. The incumbent Supervisory Board therefore intends to propose the following candidates for election at the Annual General Meeting: a. Dr. Heikki Lanckriet, b. Dr. Helge Lubenow, c. Mrs. Prof. Franca Ruhwedel, d. Mr Karlheinz Schmelig, e. Dr. Jorgen Tielmann, f. Mr Wilhelm K. T. Zours. Of the above candidates, Mr. Zours declared his willingness to stand for election as Chairman of the Supervisory Board. Maruho Deutschland GmbH supports the proposal of the incumbent Supervisory Board. The companies of the Deutsche Balaton Group and Maruho Deutschland GmbH have made a one-time commitment to vote in favor of the election of the aforementioned candidates in the upcoming Annual General Meeting. Biofrontera AG, on the one hand, and Mr. Zours and companies of the Deutsche Balaton Group, on the other hand, have also mutually agreed in a settlement to terminate all lawsuits pending between them by withdrawing their claims. The Settlement also provides that the Authorized Capital II resolved by the Annual General Meeting of Biofrontera AG on May 24, 2017 under agenda item 6, which is the subject of a pending action for rescission, and which would in any case be limited until May 23, 2022, is not to be used even after the withdrawal of the action. In order to ensure that Biofrontera AG will be able to raise further capital in the future, Deutsche Balaton AG will apply for an amendment to the agenda of the next shareholders meeting and propose the adoption of a respective authorized capital. The settlement does not include a review regarding the background of the IPO of Biofrontera Inc. in the USA. The settlement is subject to the condition precedent that the aforementioned candidates are elected to the Supervisory Board of Biofrontera AG by December 31, 2021 at the latest.
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SSNLF | Hot Stocks08:44 EST Samsung joins Via Licensing's MPEG-H 3D Audio licensing program - Via Licensing Corporation announced that Samsung has joined the company's MPEG-H 3D Audio patent pool as both a licensee and a licensor. Launched in June 2021, Via's pool enables innovators and implementors to license MPEG-H 3D Audio standard essential patents under fair and reasonable terms.
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GLW | Hot Stocks08:43 EST Corning introduces Corning Velocity Vials - Corning Incorporated introduced Corning Velocity Vials, specially engineered Type I borosilicate vials externally coated with the company's proprietary technology, which are helping industry-leading drugmakers respond to the pandemic at speed. The increased efficiency and throughput enabled by Velocity Vials can drive faster manufacturing of COVID-19 vaccines, helping address industry supply chain challenges and meet global demand. The company said, "Velocity Vials can deliver better economics, better quality, and a more environmentally sustainable design compared with traditional borosilicate packaging. Velocity Vials' protective uniform coating can improve filling line efficiency by 20% to 50% while lowering pharmaceutical production costs and providing a streamlined regulatory process for post-market drugs. Compared with conventional vials, Velocity Vials can also reduce damage that leads to particles, breaks, and cracks."
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PCRX FLXN | Hot Stocks08:43 EST Pacira completes acquisition of Flexion Therapeutics - Pacira BioSciences (PCRX) announced the completion of its previously announced acquisition of Flexion Therapeutics (FLXN). "This is an exciting day for Pacira BioSciences as this acquisition expands our industry leadership and marks a major milestone in our strategy to build a robust offering of novel, non-opioid treatments to improve patient care along the neural pain pathway," said David Stack, Chief Executive Officer of Pacira. "ZILRETTA is a highly complementary commercial asset that allows us to provide physicians with another tool in their pain management armamentarium to tackle osteoarthritis earlier in the patient journey as we continue to redefine the role of opioids as a last resort rescue medication. Importantly, ZILRETTA will diversify our revenue stream, enhance our topline, and we believe it will provide meaningful synergies that we expect to drive substantial near- and long-term accretion to our cash flows and earnings."
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NETI | Hot Stocks08:42 EST Eneti announces purchase of common shares by president Robert Bugbee - Eneti announced that the President of the Company, Robert Bugbee, and a non-executive director have recently purchased 20,000 and 15,000 common shares of the Company, respectively at average prices of $8.95 per share and $9.00 per share in the open market.
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CGC | Hot Stocks08:40 EST Canopy Growth CFO Lee, CPO Kovacevic stepping down - Canopy Growth announced changes to its Executive Management Committee. Effective immediately, Mike Lee, Executive Vice President and Chief Financial Officer, CFO, and Rade Kovacevic, President and Chief Product Officer, CPO, will be stepping down from their respective roles on the Executive Management Committee and will depart from the company on December 31, 2021. In the interim, they will serve in an advisory capacity to support transition. The Company has initiated an external search for both roles and to support the transition has named Judy Hong as interim Chief Financial Officer and Tara Rozalowsky as interim Chief Product Officer. In addition to serving as members of the company's Executive Management Committee, both will report directly to CEO David Klein effective immediately.
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DDMX | Hot Stocks08:40 EST DD3 Acquisition Corp. II stockholders approve Codere Online combination - DD3 Acquisition Corp. II announced that at a special meeting of stockholders on November 18, 2021, its stockholders voted to approve its proposed business combination with Codere Online, an online gaming and sports betting operator in Latin America. The Proposed Business Combination is expected to close on or about November 30, 2021, subject to the satisfaction of certain customary closing conditions. The ordinary shares and warrants of Codere Online Luxembourg, are expected to begin trading on the Nasdaq Capital Market under the symbols "CDRO" and "CDROW," respectively, following the consummation of the Proposed Business Combination.
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DRMA | Hot Stocks08:40 EST Dermata Therapeutics announces efficacy, safety data from DMT410 trial - Dermata Therapeutics announced efficacy and safety data from its Phase 1b proof of concept study evaluating a single treatment of DMT410 to treat multiple aesthetic skin conditions. This data was presented at The American Society for Dermatologic Surgery. Global Aesthetic Improvement, or GAI, - the physician measured an improvement in patient's overall GAI at week 4 in 70% of patients, 80% of patients at week 8, and 60% of patients at week 12. GAI is measured on a 4-point scale, with at least a 1-point reduction being a 25% improvement. The mean improvement in GAI score from baseline was 0.8 at week 8. Pore size - the physician observed an improvement in pore size in 50% of patients at week 4, 60% of patients at week 8, and 50% of patients at week 12. An improvement in pore size is measured on a 4-point scale, with at least a 1-point reduction being a 25% decrease in pore size. The mean improvement in pore size from baseline was about 0.7 at week 8. Luminosity - the intensity of light area reflected on the skin, improved in 50% of patients at week 4, 90% of patients at week 8, and 90% of patients at week 12. The mean improvement of luminosity from baseline, on a scale of 0 to 10 points, peaked at 1.4 points of improvement at week 12. Brightness - a measurement of the combined uniformity of skin coloring and texture, improved in 30% of patients at week 4, 60% of patients at week 8, and 60% of patients at week 12. The mean improvement of brightness from baseline, on a scale of 0 to 10 points, peaked at 0.7 points of improvement at week 12. Upper facial lines - a measurement of the visible improvement of a patient's forehead, lateral canthal, and glabellar lines did not show clinically meaningful improvement. This result is consistent with the knowledge that botulinum toxin is only approved for injections into the muscle to treat these endpoints. In terms of safety and tolerability, DMT410 was generally safe and well tolerated with no adverse events reported, no withdrawals due to treatment-related adverse events, and no potential distant spread of toxin reported.
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PHUN | Hot Stocks08:39 EST PhunCoin by Phunware to begin trading on Securitize - Phunware announced it will begin processing initial issuances of PhunCoin, which will be available for trading exclusively on Securitize, a blockchain-enabled transfer agent registered with the United States Securities and Exchange Commission. Anyone who already invested in PhunCoin through previous exemptions such as Regulation D and Regulation CF will receive specific instructions on how to consent to their PhunCoin issuance, set up a Securitize account, complete requisite screening requirements and receive their PhunCoin. Following these initial distributions, Phunware will still reserve approximately 72% of the maximum available supply, which is 100 billion PhunCoin. One PhunCoin is currently valued at $0.008.
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SMIT | Hot Stocks08:37 EST Activist Investing announces 9.9% ownership interest in Schmitt Industries Inc - Activist Investing announced the acquisition of approximately 9.9% of the outstanding shares of Schmitt Industries, Inc. David Elliot Lazar, CEO of Activist Investing, issued the following statement: "We are pleased to announce our significant investment in Schmitt given the meaningful opportunity we believe the Company represents and are eager to begin working with the Board of Directors and management to actively explore potential strategic options to drive shareholder value."
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CBAT | Hot Stocks08:37 EST CBAK Energy commences operations of Nanjing Lithium Battery facility - CBAK Energy Technology announced that the company had begun operations at its lithium battery manufacturing plant in the city of Nanjing in China's Jiangsu province. The plant is equipped with an initial annual capacity of 0.7 GWh for the Company's new 32140 battery model that target the light electric vehicle, LEV, and electric vehicle sectors. These batteries are being gradually delivered to customers as the plant's output is progressively expanding to full production capacity. Additionally, CBAK Energy is on track to complete the first construction phase for its Nanjing facility by the end of 2022 when the total capacity of the first phase is expected to be expanded to 2 GWh per year. Meanwhile, the Company raised the planned capacity for the second phase of the Project to 18 GWh per year from the original 6 GWh per year to meet growing customer demands. CBAK Energy plans to commence construction of the second phase by the end of this year. CBAK has also started operating a new production line at its Dalian facility to make an annual 0.4 GWh of its new 26700 battery model, an upgrade from its original 26650 battery model, for the LEV and energy storage sectors. Output from this new production line was ramped up in earlier November, and production in Dalian facility will last until the second quarter of 2022 to fulfill the number of orders already received. However, due to the COVID-19 pandemic containment measures recently adopted in Dalian by the local government, operations of this new production line, along with CBAK's existing production lines in the city, have been suspended and may continue to be suspended for additional time. Yunfei Li, Chief Executive Officer of CBAK Energy, commented, "We are very delighted about our progress in expansion. The new capacity of these batteries enables us to capitalize on emerging opportunities in a broader market and development space. Along with the development of electric vehicles, we will continue to enhance our production and supply capabilities to address the robust demands for cylindrical lithium batteries."
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XXII | Hot Stocks08:36 EST 22nd Century CFO John Franzino transitions to CAO, Richard Fitzgerald succeeds - 22nd Century Group (XXII) announced that Richard Fitzgerald has joined the Company as its CFO, effective November 15, 2021. John Franzino, the Company's previous CFO has transitioned to Chief Administrative Officer, where he will be responsible for further developing the company's business processes and leading the Company's financial planning and analysis, operational finance, human resources, and information technology functions. Previously, Fitzgerald was a consulting CFO for Atrin Pharmaceuticals, a novel DNA Damage Repair focused oncology platform, Co-Founder and CFO of SIRPant Immunotherapeutics and CFO of Immunome, where he helped lead the company's initial public offering onto the Nasdaq.
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ECL | Hot Stocks08:36 EST Ecolab implements price increases for all Industrial segment divisions - Ecolab is implementing price increases for all Industrial segment divisions, effective December 1, or as contracts permit, due to the substantial escalation of raw material costs, tightening availability of raw materials and significant increases in packaging, transportation, logistics, labor and utility costs. Price increases will vary by product category, with pricing for most Industrial segment programs averaging increases of 15%.
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BLDE | Hot Stocks08:35 EST Blade to launch helicopter service between Manhattan, Newark Airport - Blade Air Mobility announced the expansion of its Blade Airport product with the launch of helicopter service between Manhattan and Newark Airport. Flights are available between 7am and 7pm Monday through Friday, and 3pm to 7pm on Sundays for $195 per seat or $95 per seat for Blade Airport passholders. Fliers will soon enjoy access to Blade's private terminal space at Newark, which is currently being developed adjacent to the airport helipad, pursuant to a long-term agreement with Signature Flight Support. The agreement with Signature, which runs through 2028, will enable Blade to provide a seamless and comfortable experience for fliers, improve flight turn-times and begin planning for the infrastructure requirements of Electric Vertical Aircraft, or EVA. The terminal will also serve to accommodate expected increases in passenger volumes as Blade introduces EVA service.
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XDSL | Hot Stocks08:34 EST mPhase Technologies Inc appoints Angelia Hrytsyshyn as CFO - mPhase Technologies announced the appointment of Angelia Hrytsyshyn as CFO, effective November 22, 2021. Hrytsyshyn will oversee the global financial operations for the company, including accounting, treasury, business planning, SEC Reporting, tax and treasury functions. In addition to her recent CFO experience, she previously served as Treasurer of American Trading and Production Corporation/Atapco Properties, a commercial real estate development company that owns and operates more than 2 million square feet of industrial, retail, office, residential and mixed-use properties in Pennsylvania, Indiana, Maryland, Virginia, and North Carolina.
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TSAT LORL | Hot Stocks08:33 EST Telesat Holdings becomes public company - Telesat Corporation (TSAT) announced that it is now a public company and will begin trading on the Nasdaq Global Select Market and the Toronto Stock Exchange (under the ticker symbol "TSAT". This follows the closing of Telesat's previously announced transaction with Loral Space & Communications Inc. (LorL) and Public Sector Pension Investment Board, in which Loral's stockholders and Telesat Canada's other equityholders have exchanged their interests for equity in Telesat's new public holding structure. Telesat did not issue new equity to raise additional cash financing as part of the Transaction. Telesat Canada and Loral have become subsidiaries of Telesat Corporation, the Canadian controlled and incorporated public holding company formed in connection with the Transaction. Telesat Corporation will continue to be led by Telesat's President and Chief Executive Officer Dan Goldberg. In the Transaction, each share of Loral common stock has been converted into the right to receive either one share of Telesat Corporation or one unit of Telesat Partnership LP. PSP Investments and other shareholders of Telesat Canada have also exchanged their shares or equity awards into shares or equity awards of Telesat Corporation or units of Telesat Partnership. In total, Telesat Corporation and Telesat Partnership are expected to have 49,546,940 shares and units outstanding, of which a total of 11,907,246 Class A common shares and Class B variable voting shares of Telesat Corporation will be outstanding initially. The Class A common shares and Class B variable voting shares of Telesat Corporation are listed for trading on NASDAQ and TSX, under the stock symbol TSAT. The equity securities of Telesat Corporation and Telesat Partnership that are not listed for trading consist of Class C shares of Telesat Corporation and units of Telesat Partnership, which are convertible into Class A common shares and Class B variable voting shares of Telesat Corporation in accordance with their terms. Telesat's Board of Directors will have a majority of Canadian directors and will include current Telesat Canada board members Melanie Bernier, Michael Boychuk, Richard Fadden, Henry Intven, Dr. Mark H. Rachesky, Guthrie Stewart and Michael B. Targoff, along with new directors Jason A. Caloras, MHR Fund Management LLC Principal; Jane Craighead, Chartered Professional Accountant and former Scotiabank Senior Vice President, Global Human Resources; Dan Goldberg, Telesat President and CEO. Following the completion of the Transaction, affiliated funds of MHR Fund Management LLC hold securities representing approximately 36% of Telesat's outstanding equity, and PSP Investments beneficially holds securities representing approximately 37% of Telesat's outstanding equity.
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ARNA | Hot Stocks08:32 EST Arena Pharmaceuticals achieves target enrollment in Study A of CULTIVATE trial - Arena Pharmaceuticals announced that it has achieved target enrollment in Study A of the Phase 2/3 CULTIVATE trial evaluating the safety and efficacy of etrasimod, a highly selective, once-daily, oral sphingosine 1-phosphate receptor modulator, in participants with moderate to severe Crohn's disease. CULTIVATE Study A reached target enrollment of 70 study participants to assess etrasimod 2 mg and 3 mg in participants with CD.
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OMRNY | Hot Stocks08:31 EST Omron opens new Proof of Concept Center in Novi, Michigan - Omron Automation Americas has opened a new Proof of Concept Center, PoCC, in Novi, Michigan, where customers can "collaborate with application engineers and have access to the latest technologies to develop innovative automation solutions," the company said. The PoCC is a connected lab environment that offers real-world, hands-on application development, testing and technical training. The 6,000 square foot PoCC houses the latest industrial automation technologies, including robotics, artificial intelligence, machine control, advanced sensing and safety innovations. The PoCC also features a hands-on traceability experience where a guest can walk through a simulated manufacturing process to better understand the benefits of an advanced quality and traceability solution.
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UCBJY | Hot Stocks08:28 EST UCB Phase 3 BE OPTIMAl study of bimekizumab meets primary endpoint - UCB announced "positive" top-line interim analysis results from the Phase 3 BE OPTIMAL study assessing the efficacy and safety of bimekizumab, a dual IL-17A and IL-17F inhibitor, in the treatment of adults with active psoriatic arthritis, who are biologic disease-modifying anti-rheumatic drug naive. BE OPTIMAL met the primary endpoint, demonstrating that significantly more patients treated with bimekizumab achieved 50% or greater improvement in signs and symptoms of disease from baseline, compared with placebo, as measured by the American College of Rheumatology, ACR, 50 response at week 16. This Phase 3 study used ACR50 as the primary outcome measure instead of ACR20, i.e. 50 percent versus 20 percent improvement from baseline. The study also met all ranked secondary endpoints for this interim analysis. Among the ranked secondary endpoints, bimekizumab demonstrated significant improvements at week 16 over placebo in physical function, as measured by the Health Assessment Questionnaire-Disability Index; skin clearance, as measured by at least a 90 percent improvement in the Psoriasis Area and Severity Index; and joint radiographic progression, as measured by the van der Heijde modified Total Sharp Score. The safety profile of bimekizumab was consistent with safety findings seen in previous studies with no new observed safety signals. The safety and efficacy of bimekizumab in psoriatic arthritis have not been established, and it is not approved for use in psoriatic arthritis by any regulatory authority worldwide.
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PFE BNTX | Hot Stocks08:27 EST Pfizer, BioNTech receive expanded EUA for COVID-19 vaccine booster dose - Pfizer (PFE) and BioNTech (BNTX) announced that the FDA has expanded the emergency use authorization, or EUA, of a booster dose of the Pfizer-BioNTech COVID-19 Vaccine to include individuals 18 years of age and older. The booster dose is to be administered at least six months after completion of the primary series, and is the same dosage strength as the doses in the primary series.
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PFE BNTX | Hot Stocks08:27 EST Pfizer, BioNTech receive expanded FDA EUA for COVID-19 vaccine booster - Pfizer (PFE) and BioNTech (BNTX) announced that the U.S. Food and Drug Administration has expanded the emergency use authorization of a booster dose of the Pfizer-BioNTech COVID-19 Vaccine to include individuals 18 years of age and older. The booster dose is to be administered at least six months after completion of the primary series, and is the same dosage strength as the doses in the primary series. In October, the companies announced positive topline results from the trial showing that a booster dose administered to individuals who previously received the Pfizer-BioNTech primary two-dose series demonstrated a relative vaccine efficacy of 95% when compared to those who did not receive a booster. Thus far, these are the first and only efficacy data disclosed from any randomized, controlled COVID-19 vaccine booster trial. The adverse event profile was generally consistent with other clinical safety data for the vaccine, with no new safety concerns identified. A booster dose of the Pfizer-BioNTech COVID-19 Vaccine was previously authorized by the FDA for emergency use after completion of a primary series in individuals 65 years of age and older, individuals 18 through 64 years of age at high risk of severe COVID-19, and individuals 18 through 64 years of age with frequent institutional or occupational exposure to SARS-CoV-2, as well as eligible individuals who have completed primary vaccination with a different authorized COVID-19 vaccine. Pfizer and BioNTech continue to supply the vaccine, including sufficient volume for boosters, under their existing supply agreement with the U.S. government, which continues through April 2022. The companies do not expect that today's news will impact the existing supply agreements in place with governments and international health organizations around the world.
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QTNT | Hot Stocks08:22 EST Quotient announces equity awards - Quotient announced the scheduled grant of equity awards to Mr. Ali Kiboro, who has been appointed as the CFO of the Company effective November 1, 2021. In connection with his appointment, the Company granted Mr. Kiboro 203,491 performance-based restricted share units, 122,095 Restricted Share Units and share options to purchase 123,267 of the Company's ordinary shares. Such grants were issued outside of the Company's 2014 Stock Incentive Plan and were approved by the Company's Board of Directors and the Remuneration Committee of the Board of Directors pursuant to the inducement grant exception under the Nasdaq Rule 563(c)(4), as an inducement that is material to Mr. Kiboro joining the Company as the Chief Financial Officer. The Sign-On PSUs will vest on the third anniversary of the grant date, provided specific performance criteria have been met. These performance criteria include the Company achieving certain financial targets. The Sign-On RSUs will vest over three years, with 50% vesting on the first anniversary of the grant date, and 25% vesting on each of the second and third anniversaries of the grant date. The Sign-On Options will vest in three equal instalments on each of the first, second and third anniversaries of the grant date. The vesting of the awards will be subject to Mr. Kiboro's continued service with the Company on each applicable vesting date.
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BMRA | Hot Stocks08:21 EST Biomerica forms scientific advisory board for colorectal cancer screening - Biomerica announced that Dr. Brooks Cash has agreed to chair Biomerica's newly formed Colorectal Cancer Scientific Advisory Board. The SAB will guide and help expand the use of the EZ Detect product in Colorectal Cancer screenings and reaching underserved patient populations. Other key opinion leaders in the Gastroenterology field will be joining Dr. Cash on this SAB. Brooks Cash, M.D., serves as Chief of the Gastroenterology, Hepatology, and Nutrition Division at the University of Texas Health Science Center at Houston.
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BILI | Hot Stocks08:20 EST Bilibili prices offering of convertible senior notes - Bilibili announced the pricing of $1,400 million in aggregate principal amount of convertible senior notes due 2026. The Notes have been offered to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act of 1933, as amended. In addition, the Company has granted the initial purchasers in the Notes Offering a 30-day option to purchase up to an additional $200 million principal amount of the Notes. When issued, the Notes will be senior, unsecured obligations of Bilibili. The Notes will mature on December 1, 2026, unless repurchased, redeemed or converted in accordance with their terms prior to such date. Holders may convert their Notes at their option at any time prior to the close of business on the fifth scheduled trading day immediately preceding the maturity date. The initial conversion rate of the Notes is 10.6419 American depositary shares of the Company per $1,000 principal amount of Notes, and is subject to adjustment upon the occurrence of certain events described below. Upon conversion, the Company will pay or deliver, as the case may be, cash, ADSs or a combination of cash and ADSs, at its election. Holders of the Notes may elect to receive Class Z ordinary shares in lieu of any ADSs deliverable upon conversion. The Company may redeem for cash all or any part of the Notes on or after December 1, 2024 if the last reported sale price of the ADSs has been at least 130% of the conversion price for the Notes then in effect for at least 20 trading days, whether or not consecutive, during any 30 consecutive trading day period preceding the date on which the Company provides notice of redemption. In addition, the Company may redeem for cash all but not part of the Notes at any time if less than 10% of the aggregate principal amount of Notes originally issued remains outstanding at such time. The Company may also redeem the Notes upon the occurrence of certain tax-related events. Holders of the Notes may require the Company to repurchase for cash all or part of their Notes in cash on December 1, 2024, or in the event of certain fundamental changes. In connection with certain corporate events or if the Company issues a notice of Optional Redemption, Cleanup Redemption or Tax Redemption, it will, under certain circumstances, increase the conversion rate for holders who elect to convert their Notes in connection with such corporate event or such Optional Redemption, Cleanup Redemption or Tax Redemption. The Notes will bear interest at a rate of 0.5% per year, payable semiannually in arrears on June 1 and December 1 of each year, beginning on June 1, 2022. The Company intends to use the net proceeds from the Notes Offering for the enrichment of content offerings, research and development, and general corporate purposes. The Company plans to use an equivalent amount of the net proceeds from the Notes Offering to finance or refinance, in whole or in part, one or more of its new or existing Eligible Projects pursuant to its Sustainable Finance Framework.
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RLLWF | Hot Stocks08:19 EST Reliance Worldwide acquires EX-FLO International - Reliance Worldwide announced that it has completed its acquisition of EZ-FLO International, a manufacturer of plumbing supplies and specialty plumbing products. RWC's family of brands includes SharkBite push-to-connect plumbing solutions, HoldRite engineered plumbing and mechanical solutions, Cash Acme control valves and John Guest fittings and fluid dispense products. "RWC's strategy has been to innovate and commercialize solutions that disrupt and transform the industry and make the trade more effective through enhanced job site performance, while also adding value to its distribution channel partners," said RWC Americas CEO Sean McClenaghan. "The addition of the EZ-FLO and Eastman brands does just that. It provides our customers access to more top-quality products and trusted brands, while also enhancing our fulfillment capabilities and improving service, thanks to a more extensive distribution footprint."
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FLURF | Hot Stocks08:18 EST FluroTech provides update on Pandemic Response Platform efforts - FluroTech provided a progress update on its efforts to bring its Pandemic Response Platform to market. FluroTest has been developing its "Pandemic and Emerging Disease Defense Platform" since late January 2021. The Company has made significant progress in its research and development efforts during just this 10-month period. The Company has optimized its test protocol and is realizing a 30x to 40x improvement in all aspects of the process. The Company has recruited key advisors with deep experience in both specific technologies being deployed and commercialization of other diagnostic assays unrelated to COVID. Based on the results from the new protocol, the Company believes it is positioned to achieve a disruptive breakthrough in the development of its "point of entry /point of access" testing solution. Important breakthroughs include: Reduction of steps in sample processing - This resulted in an optimized sample processing protocol reducing time and complexity as well as the elimination of certain laboratory processing equipment in the testing system solution. Testing protocol simplification - The Company has made great strides in refining the type of instrumentation required to read processed test samples, further reducing the time necessary for each reading as well as reducing the capital cost of field-based instrumentation hardware by as much as 50%. Materials cost per test reduced - While initial estimates of the direct cost of each test to the Company would approximate US $ 5.00 to US $6.00, the Company's optimized protocol development efforts produced a cost estimate per test of less than $1.00, thus providing the Company with significant flexibility in pricing tests much lower to the consumer while still maintaining favorable gross profit margins. Platform solution cost per test improved - The optimization of sample processing and equipment necessary to process tests will lower the capital cost per platform by as much as 50%, thus making the platform solution more affordable to significantly more potential customers and enabling more frequent testing. The Company expects in 3 to 4 months it will complete test optimization, protocol development, and prepare to enter clinical trials.
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AMBP | Hot Stocks08:17 EST Ardagh Metal plants to build $200M beverage can plant in Northern Ireland - Ardagh Metal Packaging, AMP, announced that it plans to build a new $200M beverage can plant in Northern Ireland. The plant will be located near Belfast and will service the growing needs of AMP's beverage customers in Ireland, the UK and Europe. This initiative is part of a multi-billion dollar investment program by AMP involving the construction of new, infinitely recyclable, metal packaging capacity in Europe, North America and Brazil. AMP plans to build the new plant at Global Point near Belfast. AMP is currently at the pre-planning application stage and is actively engaged with local stakeholders on the project. Further details of the plant will be announced over the coming months. Commenting, Oliver Graham, CEO of AMP, said: "This exciting project is an important part of AMP's global investment programme. We are delighted to be investing in Northern Ireland supporting our clients' sustainability needs and further reducing our carbon footprint by locating capacity closer to our end customers."
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AMRK | Hot Stocks08:16 EST A-Mark Precious Metals, JM Bullion unveil CyberMetals platform - A-Mark Precious Metals and its wholly owned subsidiary, JM Bullion will unveil its new CyberMetals platform during a virtual presentation hosted by D.A. Davidson on Tuesday, December 7, 2021. Following the event, the Company will make available a copy of the slide presentation in the Investor Relations section of its website. Leveraging the core strengths of A-Mark and JMB, CyberMetals is an innovative, online platform that digitizes large gold, silver and platinum bars and allows consumers to buy and sell fractional shares of these bars in a range of denominations. The platform will support both accumulation-type programs where customers acquire precious metals at pre-defined intervals, as well as more opportunistic purchase and sale transactions. This unique structure provides the lowest possible pricing spreads to customers, which is differentiated from existing programs in the industry that generally carry large pricing spreads for smaller valued transactions. Customers will be able to access the CyberMetals portal through an intuitive platform on desktop or mobile device, giving customers 24/7/365 access to buy, sell and monitor their portfolio. CyberMetals' customers will have the option to convert their digital holdings to fabricated precious metals products via an integrated redemption flow with JMB. These products may be designated for storage by the Company or shipped directly to the customer, a feature currently unavailable in the domestic Exchange Traded Fund marketplace. To fund purchases, customers will have a broad array of payment options, including credit/debit card, automated clearing house, bank wire, cryptocurrencies, and PayPal. CyberMetals, a special purpose entity, will store the precious metals at A-Mark's Las Vegas, Nevada depository, which is fully custodied, secured and insured. A-Mark will partner with its current security partner, Loomis, to manage the storage of the metals. A-Mark and JMB plan to start beta testing the CyberMetals marketplace in December 2021 with commercial release scheduled for February 2022.
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RAIN | Hot Stocks08:15 EST Rain Therapeutics doses first patient in Phase 2 basket trial of milademetan - Rain Therapeutics announced that the first patient has been dosed in the multicenter, single arm, open-label, Phase 2 basket trial evaluating milademetan, an oral mouse double minute 2 inhibitor, for the treatment of MDM2-amplified advanced solid tumors. The MANTRA-2 trial is designed to evaluate the safety and efficacy of milademetan in patients with advanced or metastatic solid tumors refractory or intolerant to standard-of-care therapy and that exhibit wild-type p53 and a prespecified minimum MDM2 gene copy number. Approximately 65 patients are anticipated to be enrolled to receive milademetan. The primary endpoint of the trial is objective response rate as measured by RECIST criteria. Secondary endpoints include duration of response, disease control rate progression-free survival by investigator assessment, overall survival and, and growth modulation index. An interim analysis from MANTRA-2 is anticipated in the second half of 2022.
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BOLT... | Hot Stocks08:14 EST Bolt Biotherapeutics appoints Brian O'Callaghan, Frank Lee to board - Bolt Biotherapeutics (BOLT) announced the appointments of Brian O'Callaghan and Frank Lee to the Board of Directors. With these additions, longtime Director Peter Moldt, Ph.D. is stepping down from the Board of Directors and current Director Jim Healy, M.D., Ph.D. will be assuming the role of Lead Independent Director. O'Callaghan currently serves as Chief Executive Officer at ObsEva SA (OBSV), a clinical-stage pharmaceutical company developing novel therapies to improve women's health. Lee currently serves as President and Chief Executive Officer of Forma Therapeutics (FMTX), a clinical-stage biopharmaceutical company focused on rare hematologic diseases and cancers.
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PNBK | Hot Stocks08:12 EST Patriot National extends maturity of $12M of senior notes - Patriot National Bancorp announced that it has formally extended the maturity of its $12 million of senior notes that were to mature on December 22, 2021. The extension provides for the same terms under the existing senior notes, other than that they can be repaid anytime on or before June 30, 2022. The purpose of the extension is to provide Patriot with the time necessary to raise its intended $80 million of subordinated notes as part of Patriot's proposed recapitalization and the proposed merger of American Challenger Development Corp. into Patriot via reverse subsidiary merger, which was recently announced on November 15, 2021.
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CNOB | Hot Stocks08:12 EST ConnectOne Bancorp completes enrollment of CBP-307 Phase 2 trial - Connect Biopharma announced that it has completed full enrollment of the phase 2 clinical trial evaluating CBP-307 in adult patients with moderate-to-severe Ulcerative Colitis. This global, randomized, double-blind, placebo-controlled phase 2 clinical trial is being conducted at multiple sites, including in the U.S., to evaluate the efficacy and safety of CBP-307 in 134 subjects, where CBP-307 or placebo is expected to be administered to eligible adult subjects with moderate-to-severe UC for 12 weeks. Following this 12-week induction phase, responders to treatment are expected to be treated for a further 36 weeks in a double-blind manner, with non-responders expected to enter an open-label arm and be treated for an additional 36 weeks. All enrolled patients are expected to participate in a follow-up phase of 4 weeks following the end of the maintenance phase.
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ADXS | Hot Stocks08:11 EST Advaxis urges stockholders to vote for Biosight merger - Advaxis issued the following statement to stockholders: "We have prepared this summary to highlight the starkly different scenarios Advaxis' stockholders face depending on the outcome of the voting at the Company's special meeting of stockholders relating to its proposed merger with Biosight, which was initially held on November 16, 2021 and has been adjourned to December 7, 2021. In short, we believe consummation of the Biosight merger will result in a substantially more favorable outcome for Advaxis stockholders than the alternative. In our view, the merger between Biosight and Advaxis represents a significant opportunity for Advaxis stockholders to participate in a transformational transaction that establishes a stronger biopharma franchise with multiple opportunities ahead. Earlier this month some of Biosight's largest shareholders and other institutional investors have demonstrated their support for the merger by subscribing to a critical round of investment - but this commitment is contingent upon Advaxis stockholders approving the merger proposals to allow for the consummation of the transaction. To reiterate, this funding will not occur unless the merger is approved and consummated. When the following key points are properly considered, we believe the choice is an easy one. We believe the impact to Advaxis stockholders is drastically different if the merger with Biosight is consummated versus it not being consummated as you can see from the following: 1) Approval of the merger proposals and consummation of the transaction: Provides stockholders with an ownership interest in a company with a broader and more diversified pipeline of drug candidates in terms of: Diversity: More shots on goal. Time to market: Biosight's drug candidate is at a more advanced stage of development which brings it closer to potential regulatory approval. Risk Profile: Safety and efficacy data of Biosight's drug in 91 patients treated has been encouraging to date which we believe increases the chances of regulatory approval. Enables the Company to maintain its Nasdaq listing, preserving greater liquidity for all stockholders and enhances opportunity for future capital raising and institutional investment. Creates a better capitalized company with $21 million of recently announced new financing from institutional investors to advance new drug development contingent on the merger closing. 2) If the merger proposals are NOT approved: We believe Advaxis will be in a materially weaker position. Limits the Company's drug development efforts, relegating its pipeline to an early stage, less diverse and riskier prospects. Substantially reduces stockholder liquidity through imminent delisting with no identified near-term catalysts of significance to regain listing compliance. Results in a financially less stable company with diminished capabilities to raise future capital required not only to continue drug development but to simply remain solvent."
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MRNA | Hot Stocks08:10 EST Moderna announces FDA extension of EUA for COVID-19 vaccine booster - Moderna announced that the FDA has extended the emergency use authorization of a booster dose of the Moderna COVID-19 vaccine at the 50 microgram dose level to all adults aged 18 and older. This booster can be used in all individuals 18 years and older who have completed a primary vaccination with any other authorized or approved COVID-19 vaccine.
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BQ | Hot Stocks08:10 EST Boqii to reschedule fiscal 2022 second quarter results - Boqii Holding announced that it would reschedule its earnings announcement for the quarter ended September 30, 2021, which had been previously scheduled for Tuesday, November 23, 2021. The Company will now report fiscal 2022 second quarter results before the U.S. market opens on Tuesday, November 30, 2021.
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ABBV | Hot Stocks08:08 EST AbbVie's Allergan Aesthetics to present six abstracts at ASDS - Allergan Aesthetics, an AbbVie company, announced that it will present six abstracts from its portfolio of aesthetic treatments and products at the American Society for Dermatologic Surgery, ASDS. "Our science-based findings continue to help drive the advancement of aesthetic medicine; therefore, we highly value the opportunity to share our published data with the medical community," said Darin Messina, Senior Vice President, Allergan Aesthetics R&D. "We are honored that the congress is recognizing two BOTOX Cosmetic abstracts as 'Best of Cosmetic Oral Abstracts' and look forward to continuing scientific exchange at ASDS in years to come." Also being shared at ASDS, Arisa Ortiz, MD, FAAD, will present product information on Allergan Aesthetics SkinMedica TNS Advanced+ Serum.
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IMMP | Hot Stocks08:08 EST Immutep completes recruitment for Phase II TACTI-002 study of eftilagimod alpha - Immutep announces the last patient has been enrolled in the expansion stage of Part A of its Phase II TACTI-002 study. The Company announced that the TACTI-002 study has completed recruitment of patients across all cohorts. A total of 185 patients are now participating in TACTI-002 across Parts A, B, and C, at 20 clinical sites in Australia, Europe, and the US. Notably, recruitment into the expansion stage of Part A was completed faster than anticipated, with all patients in this stage being recruited in under 12 months. As announced previously, further interim data from Part C was presented at the Society for Immunotherapy of Cancer Annual Meeting 2021, which took place from 10-14 November 2021. Further data from TACTI-002 will be reported in the first half of calendar year 2022.
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KD VMW | Hot Stocks08:07 EST Kyndryl, VMware expand partnership to accelerate IT, business modernization - Kyndryl (KD) and VMware ( VM) announced an expansion of the companies' strategic partnership focused on app modernization and multicloud services. The primary goal of the expanded partnership is to accelerate IT and business reinvention for customers through the combination of VMware solutions and Kyndryl's design, build and managed services. The companies also aim to help customers speed their digital transformations by building and deploying secure applications. Kyndryl also plans to work with VMware to expand its existing multicloud advisory, implementation, and management services to support the VMware Tanzu platform and deploy vSphere workloads to VMware multi-cloud infrastructure running in all public clouds. "Multicloud is the digital business model for the next 20 years. With the average organization running hundreds of apps across many different clouds, customers need solutions and strategic partners that enable their organizations to be as agile and resilient as possible. This is the power of the VMware and Kyndryl partnership," said Susan Nash, senior vice president, strategic corporate alliances, VMware. "Kyndryl is a strategic partner that brings world-class solutions, skills, expertise, and experience to the companies' mutual customers. Together, we will empower customers to achieve smarter paths to cloud, edge, and app modernization; provide autonomy for developers; and enable a more secure, frictionless distributed workforce."
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DTE | Hot Stocks08:06 EST DTE Energy reaffirms commitment to energy assistance for vulnerable customers - DTE Energy reaffirmed its commitment to help its most vulnerable customers keep the light and heat on as part of an announcement issued by the White House yesterday. DTE Energy offers a range of assistance options for customers experiencing a financial hardship. In addition to the solutions described below, DTE is continuing to partner with the Michigan Department of Health and Human Services to directly apply Low Income Home Energy Assistance Program and COVID Emergency Rental Assistance financial aid to the accounts of vulnerable customers who qualify for this help. In total, eligible DTE customers received $119 million in funding through LIHEAP, Michigan Energy Assistance Program and similar programs in fiscal year 2021.
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SLI | Hot Stocks08:05 EST Standard Lithium says Blue Orca report 'misunderstands' data reported to AOGC - The company sdaid, "Standard Lithium notes that the report misunderstands the scope of the data reported to the Arkansas Oil and Gas Commission. The Demonstration Plant operated by Standard Lithium, under normal conditions, continuously produces lithium chloride solution, which is then mixed back into the waste brine stream and reinjected back into the geological formation via Lanxess' existing brine disposal system. These large volumes of lithium chloride that were produced are not included in the data reported to the AOGC. To be clear, the only data reported to the AOGC, in compliance with the requirements of the AOGC, were those volumes of lithium chloride solution that were temporarily stored on Standard Lithium's site and these have no correlation with actual lithium recovery rates observed in the plant. A portion of this lithium chloride was sent off-site for conversion to lithium carbonate on four separate occasions when conversion work was scheduled. The reported data forms only a small portion of the total lithium chloride recovered in the process. Blue Orca Capital's interpretation of lithium recovery rates is incorrect and underestimates lithium extraction efficiencies. Similarly, the report's claims that recovery is reducing over time also misinterprets the AOGC data. Standard Lithium has only stored lithium chloride product on site when required and the periods when it is stored do not correlate with actual lithium recovery rates observed in the plant at the time. Points of clarity: The lithium chloride solution reported under the category "The output of lithium carbonate, lithium chloride, and lithium hydroxide" on the AOGC website only represents that portion of lithium chloride solution which was temporarily stored on site and not the much larger volume that is continuously reinjected back into the brine formation; The conclusions of the report prepared by Blue Orca Capital are incorrect and based on misinterpretation of the information and excludes the much large volumes of lithium chloride solution that was produced at the Demonstration Plant; and, Blue Orca Capital has opportunistically issued this report with partial and incomplete information and without consultation or clarification by the Company. Demonstration Plant The report also fundamentally misunderstands the necessity and purpose of the Demonstration Plant. The Demonstration Plant was designed to continuously process an input tail brine flow of 50 gallons per minute which is the equivalent of 100-150 tonnes per annum of lithium carbonate. One of the objectives of the Demonstration Plant to date has been to produce sufficient quantities of solid lithium carbonate product off-site, to validate that battery quality materials can be produced. It has never been the intent to store on-site all of the lithium chloride produced and then convert all of that to lithium carbonate product. The principal purpose of the plant is to optimize the process to allow for design and scale-up of a commercial plant in preparation for a feasibility study. The Company is confident in its lithium extraction technology and Demonstration Plant and will maintain its focus on executing its strategic plans and progressing towards definitive feasibility and commercialisation at the Lanxess facility. The Company will not be providing further comment on the report at this time."
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GILD | Hot Stocks08:04 EST Gilead submits bulevirtide BLA to FDA - Gilead announced that it has submitted a Biologics License Application to FDA for bulevirtide for injection, a potential antiviral medicine for the treatment of chronic hepatitis delta virus, or HDV, infection in adults with compensated liver disease; bulevirtide has been granted Breakthrough Therapy and Orphan Drug designations by the FDA.
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ALK | Hot Stocks08:04 EST Alaska Air launches first flights to Belize City from Seattle, Los Angeles - Alaska Airlines announces it began nonstop service to Belize City from Seattle and Los Angeles. Given the demand for flights to Belize and building on the prior announcement of seasonal service in the winter, Alaska intends to fly the Los Angeles-Belize City route year-round. "For nearly two decades the Belizean market has been on our radar. We're thrilled to now be inaugurating service from both Seattle and Los Angeles," said Brett Catlin, vice president of network and alliances at Alaska Airlines. "Belize offers terrific family-friendly, eco-conscious possibilities - from iconic islands to lush jungles and ancient sites. And it's closer than you might think: From L.A., it's only a five-hour flight, and from Seattle it's six hours."
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SLI | Hot Stocks08:03 EST Standard Lithium says Blue Orca report has 'numerous important inaccuracies' - Standard Lithium is issuing the following statement in response to the report from Blue Orca Capital. The company said, "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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AMRX | Hot Stocks08:03 EST Amneal gets FDA approval for difluprednate ophthalmic emulsion ANDA - Amneal Pharmaceuticals announced that it has received Abbreviated New Drug Application, or ANDA, approval from the FDA for difluprednate ophthalmic emulsion 0.05%, which is the generic version of Durezol and is used in the treatment of inflammation and pain associated with ocular surgery.
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SFNC STXB | Hot Stocks08:02 EST Simmons First National, Spirit of Texas Bancshares enter merger agreement - Simmons First National Corporation (SFNC) and Spirit of Texas Bancshares (STXB) announced the execution of a definitive merger agreement pursuant to which Simmons will acquire Spirit, and its wholly-owned subsidiary, Spirit of Texas Bank SSB, in a transaction consisting of a mixture of cash and Simmons' common stock with an aggregate value of approximately $581 million, based on the Simmons' closing stock price of $31.73 on November 17, 2021. Under the terms and subject to the conditions of the Merger Agreement, shares of Spirit's common stock and Spirit's restricted stock units will be converted into the right to receive shares of Simmons' common stock, and Spirit's stock options and warrants will be cashed out. Spirit is a Texas-based bank holding company that operates 37 locations primarily in the Texas Triangle - the fastest growing megaregion in the U.S. consisting of the Dallas-Fort Worth, Houston, San Antonio and Austin metropolitan areas - with additional locations in the Bryan-College Station, Corpus Christi and Tyler metropolitan areas, along with offices in North Central and South Texas. As of September 30, 2021, Spirit had total assets of $3.2 billion, total loans of $2.3 billion and total deposits of $2.7 billion. The Proposed Transaction culminates an eventful year for Simmons. In October, Simmons completed the acquisitions and conversions of Tennessee based Landmark Community Bank and Triumph Bancshares, the parent company of Triumph Bank. Based on FDIC deposit market share data as of June 30, 2021, prior to the Landmark and Triumph acquisitions, Simmons Bank ranked as the 11th largest bank in Tennessee. On a pro forma basis, Simmons Bank now ranks as the 8th largest bank in Tennessee, the 7th largest bank in the Memphis metropolitan area and the 14th largest bank in the Nashville metropolitan area based on FDIC deposit market share data as of June 30, 2021. Under the terms of the Merger Agreement, Simmons will issue approximately 18,325,000 shares of its common stock, subject to certain conditions and potential adjustments, including substituting cash for Simmons' common stock to the extent necessary to cash out Spirit's stock options and warrants. The Proposed Transaction is estimated to be accretive to Simmons' earnings per share by approximately $0.22 per share in 2023. The estimated transaction returns are consistent with Simmons' stated acquisition criteria pertaining to tangible book value and targeted internal rates of return. Simmons expects to achieve cost savings of approximately 35 percent of Spirit's noninterest expense base, with approximately 50 percent achieved in 2022 and 100 percent thereafter. While revenue synergies have been identified, they have not been included in any estimates or projections. The Proposed Transaction, which was approved by the boards of directors of Spirit and Simmons, is subject to approval by Spirit's shareholders, regulatory approval and other customary closing conditions. Pending the satisfaction of these approvals and other conditions, Simmons expects to close the Proposed Transaction during the second quarter of 2022.
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BCO | Hot Stocks07:59 EST Brink's appoints Lindsay Blackwood as general counsel - The Brink's Company announced that Lindsay Blackwood has been promoted to executive vice president and general counsel effective immediately. Blackwood joined Brink's in 2012 as assistant general counsel and served in that role until 2020, when she was named vice president, associate general counsel. She has also served as corporate secretary since 2013.
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DCGO | Hot Stocks07:40 EST DocGo appoints Aaron Severs as chief product officer - DocGo announced the hire of Aaron Severs as their new chief product officer. Severs is a global product and engineering executive. Severs previously served as VP, product and technology at Mindbody.
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BBIO | Hot Stocks07:36 EST BridgeBio, Helsinn Group enter strategic collaboration for GPX4 inhibitor - BridgeBio Pharma and Helsinn Group announced they have entered into a strategic collaboration to co-develop and co-commercialize a potentially first-in-class inhibitor designed to target glutathione peroxidase 4 with the hope of providing an effective new therapy for patients with difficult-to-treat tumors. The joint collaboration for BridgeBio's GPX4 inhibitor was established as part of a new non-exclusive collaboration framework between BridgeBio and Helsinn that allows the companies to propose co-development and co-commercialization opportunities for preclinical precision oncology programs Under the terms of the non-exclusive agreement, BridgeBio and Helsinn will have the option to collaborate on preclinical oncology programs that are identified from time to time by either party. The agreement is designed to magnify the ability of both companies to identify small oncology interventions that may have greater potential to help patients in combination with larger investigational therapies. For each program that the parties agree to pursue, they will share global development responsibilities under an agreed cost split. Helsinn will have exclusive manufacturing and commercial rights to the programs under the agreement, with BridgeBio receiving a profit share on U.S. sales and tiered royalties on ex-U.S. sales. The first program under the framework collaboration agreement that the parties will pursue is GPX4, a potentially first-in-class inhibitor that may be an effective new therapy for certain cancer patients. GPX4 is an enzyme that is often elevated in cancer tissue and associated with a worse prognosis for patients. GPX4 neutralizes toxic free radicals at the lipid membrane, protecting cells from death by ferroptosis. The GPX4 inhibitor is being developed to induce ferroptosis in cancer cells with the potential to impact approximately 500,000 patients in need of a therapeutic option. The safety and efficacy of GPX4 has not yet been established by any health authority world-wide. The non-exclusive framework agreement builds on an earlier global collaboration and licensing agreement that BridgeBio and Helsinn Group's affiliates, Helsinn Healthcare S.A. and Helsinn Therapeutics, Inc., entered into in March 2021. Under that agreement, Helsinn Therapeutics is jointly responsible for further development and commercialization activities for infigratinib, a small molecule kinase inhibitor of FGFR, in oncology and all other indications except for skeletal dysplasias in the United States and other regions, sharing profits and losses on an equal basis. This includes exclusive commercialization rights for infigratinib in Canada, where Health Canada recently approved TRUSELTIQ under the Notice of Compliance with Conditions policy, for the treatment of adults with previously treated, unresectable locally advanced or metastatic cholangiocarcinoma with a FGFR2 fusion or other rearrangement. Helsinn will fund the majority of ongoing and future research and development related to infigratinib in oncology in the foregoing territory. BridgeBio will be eligible for tiered royalties as a percentage of adjusted net sales, and potential payments totaling up to $2.45B in the aggregate. BridgeBio previously entered a strategic collaboration with LianBio for development and commercialization of infigratinib in oncology indications in China, Hong Kong and Macau.
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VYGR | Hot Stocks07:34 EST Voyager Therapeutics announces preclinical data from anti-HER2 antibody program - Voyager Therapeutics will present preclinical data demonstrating that IV dosing of a proprietary AAV vector identified by the TRACER screening technology, encoding an anti-HER2 antibody payload, prevented tumor growth in models of HER2+ brain metastases. Dan R. Laks, Ph.D., Voyager Scientist II, will present key findings at 4:15 p.m. ET during the 26th Society for Neuro-Oncology Annual Meeting. Voyager's vectorized anti-HER2 antibody was shown to inhibit proliferation and promote antibody-dependent cell cytotoxicity, a process that recruits natural killer cells, macrophages and/or brain-resident innate immune cells called microglia to eliminate tumor cells. IV administration of a proprietary AAV vector incorporating a TRACER blood-brain barrier penetrant capsid and a payload encoding an ADCC enhanced anti-HER2 antibody conferred a survival benefit in a mouse model of HER2+ brain metastasis. Key Findings: Peripheral administration of a proprietary TRACER AAV vector achieved widespread transduction of brain tissue such that efficacious levels of HER2-directed antibodies were produced for extended periods. In mouse models of HER2+ breast cancer brain metastasis, IV administration of a HER2 antibody-encoding AAV vector resulted in greater than1 ug/mL of the antibody in cerebrospinal fluid. AAV-mediated expression of the ADCC-enhanced HER2-directed antibody significantly blocked tumor growth in multiple orthotopic xenograft models. Voyager intends to further optimize this gene therapy approach in ongoing studies progressing towards application of a human therapeutic.
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PCSV | Hot Stocks07:31 EST PCS Edventures!.COM selected by Iowa Governor's STEM Advisory Council - PCS Edventures! announced that the company has been selected by the Iowa Governor's STEM Advisory Council to scale its Ready, Set, Drone! program for upper elementary and middle school students. Each year, Iowa invests $3M in high-quality STEM programming that reaches up to 100,000 learners in and out of school. PCS Edventures is one of the twelve program providers approved for the STEM Scale-Up menu for the 2022-2023 academic year. Educators who apply to participate in the spring of 2022 will receive materials and professional development training over the summer before beginning program implementation.
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STER | Hot Stocks07:16 EST Sterling Check, ID.me launch in-person identity verification solution - ID.me announced the launch of an in-person identity verification solution in partnership with Sterling Check. The New Jersey Department of Labor and Workforce Development is the first government agency to utilize the new service, which allows individuals to verify their identity at retail locations across the United States. New Jersey requires identity verification to obtain unemployment benefits. "Sterling is thrilled to partner with ID.me in expanding secure identity verification and proofing and to provide availability for those without a mobile device or dedicated internet access," said Josh Peirez, CEO of Sterling. "Our industry knowledge, innovative technology and relationships with more than 47,000 clients, paired with ID.me's services allow us to increase access to a verified identity."
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NGD | Hot Stocks07:13 EST New Gold updates impact of weather in British Columba at New Afton Mine - New Gold provides an update on the impact of the heavy rains, flooding and mudslides experienced in British Columbia, which have disrupted the transportation routes to the company's New Afton Mine. To date, the flooding in British Columbia has had no material impact on New Afton's infrastructure and operations. "We will continue to monitor the situation closely and assess the impact of these events on New Afton and the implementation of mitigation measures. Any potential impact to production, sales, or costs at the New Afton Mine will depend on the duration of the disruption to the transportation routes," the company said.
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BFARF | Hot Stocks07:13 EST Bitfarms appoints Patricia Osorio as VP, corporate - Bitfarms appointed Patricia Osorio as Vice President of Corporate, reporting to President Geoff Morphy. Most recently, she served as Corporate Secretary for Dundee Sustainable Technologies, a publicly traded, Montreal-based company focused on environmentally friendly technologies for the treatment of material from the mining industry. The Company further announces the granting of stock options to certain officers and employees of the Company. Options to purchase an aggregate of 120,000 common shares were granted pursuant to the Company's Stock Option Plan. The Options are exercisable into one common share of the Company at a price of C$9.81 for a period of five years from the date of grant and are subject to vesting conditions.
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CMRX | Hot Stocks07:12 EST Chimerix to present ONC201 data in recurrent H3 K27M-mutant DMG - Chimerix announced the presentation of data from its 50-patient efficacy analysis of ONC201 for the treatment of recurrent H3 K27M-mutant diffuse midline glioma. ONC201 is an orally administered small molecule dopamine receptor D2 antagonist and caseinolytic protease agonist for the treatment of recurrent gliomas that harbor the H3 K27M- mutation. These data will be presented by Isabel Arrillaga-Romany, MD, PhD, Director of Neuro-Oncology Clinical Trials, Massachusetts General Hospital Cancer Center tomorrow, November 20, 2021, during a plenary session at the Society for Neuro-Oncology Annual Meeting in Boston, MA. In addition, Dr. Arrillaga-Romany will join management for a conference call on Monday, November 22, 2021 to give an additional overview of the data. Key Data Highlights: ONC201 monotherapy exhibited durable and clinically meaningful efficacy in recurrent H3 K27M-mutant diffuse midline glioma patients: Response Assessment in Neuro-Oncology Criteria for High Grade Gliomas criteria assessed by dual reader blinded independent central review: Overall response rate: 20%; including one complete response; Median duration of response: 11.2 months; Median time to response: 8.3 months; Disease control rate: 40%; Progression-free survival: 35% at 6 months; 30% at 12 months. Response Assessment in Neuro-Oncology Criteria for Low Grade Gliomas criteria assessed by dual reader BICR; ORR 26%. Among evaluable patients, 46.7% achieved at least a 50% confirmed reduction in corticosteroid dose. Among evaluable patients, 20.6% achieved a confirmed improvement, indicative of improved quality of life. Overall survival: 12 months: 57%; 24 months: 35%. This cohort was comprised of the first 50 patients enrolled across five ONC201 clinical studies who met specific criteria based on feedback from the FDA. These patients were two years of age or older, had a measurable diffuse midline glioma with the H3 K27M- mutation, and had evidence of disease progression following prior therapy with at least radiation completed at least 90 days prior to enrollment.. One serious adverse event was attributed by an investigator as possibly related to ONC201. Full safety data collection and analysis for this cohort is ongoing. Prior safety review of ONC201 identified the most commonly reported adverse events as nausea/vomiting, fatigue and decreased lymphocyte counts. The U.S. Food and Drug Administration granted ONC201 Fast Track Designation for the treatment of adult recurrent H3 K27M-mutant HGG, Rare Pediatric Disease Designation for treatment of H3 K27M-mutant glioma, and Orphan Drug Designations for the treatment of glioblastoma and for the treatment of malignant glioma. Chimerix plans to meet with the FDA in 2022 following completion of ongoing chemistry, manufacturing and controls clinical pharmacology studies and natural disease history evaluation.
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MAIN | Hot Stocks07:12 EST Main Street announces $22.1M follow-on investment - Main Street Capital announces that it recently completed a follow-on investment in an existing portfolio company. Main Street, along with its co-investor, made the investment in GRT Rubber Technologies to support the Company's acquisition of Valley Rubber, a business in the engineered rubber products industry, significantly expanding the Company's customer base and product offerings. The follow-on investment consists of an additional $22.1M first lien, senior secured term debt investment.
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CSTL | Hot Stocks07:10 EST Castle Biosciences announces publication of DecisionDx-Melanoma data - Castle Biosciences announced the publication of a study of patients with stage I-III cutaneous melanoma. Data demonstrated that DecisionDx-Melanoma is a significant independent predictor of metastatic recurrence. DecisionDx-Melanoma is Castle's gene expression profile test that uses an individual patient's tumor biology to predict the risk of cutaneous melanoma metastasis or recurrence, as well as the risk of sentinel lymph node positivity, independent of traditional staging factors. The study, titled "The 31-gene expression profile stratifies recurrence and metastasis risk in patients with cutaneous melanoma," analyzed 438 patients who were tested with DecisionDx-Melanoma as part of their clinical care. The study's primary purpose was to show risk stratification by DecisionDx-Melanoma in patients with stage I-III cutaneous melanoma. A secondary end point was to demonstrate the added prognostic value of DecisionDx-Melanoma when combined with complete American Joint Committee on Cancer, or AJCC, staging or with SLN status alone, for recurrence detection. 438 patients with stage I-III melanoma consecutively tested with DecisionDx-Melanoma were analyzed and stratified as low risk, intermediate risk or high risk of recurrence or metastasis. DecisionDx-Melanoma significantly stratified five-year melanoma survival prognoses for patients, including recurrence-free survival, distant metastasis-free survival and melanoma-specific survival. Patients with a DecisionDx-Melanoma low-risk result had higher five-year survival outcomes and were less likely to experience a recurrence than patients with a high-risk result. Multivariable analysis showed that DecisionDx-Melanoma is a significant, independent predictor of metastatic recurrence. DecisionDx-Melanoma increased prognostic survival accuracy over sentinel lymph node status alone. Consistent with previous validation and performance studies, the study demonstrated that DecisionDx-Melanoma added independent prognostic value to current staging guidelines for cutaneous melanoma to identify patients with a high and low recurrence or metastasis risk to improve patient management.
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VFF | Hot Stocks07:09 EST Village Farms reports Delta, British Columbia operations unaffected by weather - Village Farms International reported that the Delta, British Columbia operations of both Pure Sunfarms and Village Farms Fresh have not incurred any disruption from the severe weather recently experienced in the region and, to date, continue to operate as usual. A previous "State of Emergency" declared for the Delta area has since been cancelled. The Company continues to monitor weather conditions and has taken precautions to ensure that its greenhouse facilities in Delta, British Columbia can operate without interruption.
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MBOT | Hot Stocks07:07 EST Microbot Medical issued NOA for second patent for LIBERTY Robotic System - Microbot Medical announced that the United States Patent and Trade Office has issued a Notice of Allowance for a second patent application covering the Company's LIBERTY Robotic System. Globally, the Company now has 46 patents issued/allowed and 24 pending patent applications and is continuously submitting applications to protect its Intellectual Property. The allowed claims cover a modular robotic system for manipulation of at least two elongated, flexible surgical tools, the system including at least one unit operable to move a first tool and a base operable to move a second tool, wherein the base serves as a mounting for the units, and each unit communicates with the base in one of a mechanical coupling, electrical power supply and data communication.
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CLMT | Hot Stocks07:07 EST Calumet Specialty announces strategic transitions in Renewable Diesel business - Calumet Specialty Products announced a series of strategic transactions in connection with its Renewable Diesel business. The transactions establish Montana Renewables as an unrestricted pure-play renewables subsidiary of Calumet. MRL has closed on a $300M convertible debt investment from funds managed by Oaktree Capital Management. MRL has also closed on a $145M preferred equity investment by Calumet. Calumet owns 100% of the equity of MRL. MRL will complete its in-flight capital projects. "MRL's existing hydrocracker metallurgy of 317L stainless steel is suited for renewable feedstock processing; MRL's renewable hydrogen project further lowers carbon intensity and maximizes renewable diesel production; and a new feedstock pre-treater combined with proximity to temperate oilseeds and low-carbon product markets will provide MRL with significant sourcing and logistics advantages," the company said. As a result of these transactions, Calumet received net cash proceeds of approximately $199M and has begun to reduce outstanding debt by issuing a notice of redemption today for the $80M outstanding principal amount of its 7.625% Senior Notes due 2022. Calumet CEO Steve Mawer said, "We have a clear vision for Calumet, and we have been implementing it through the re-segmentation of our businesses at the beginning of the year and now by standing up arguably the best renewable diesel conversion project in North America. 2021 has been a year of tremendous value creation for our unitholders and we are very pleased to finish the year by forming this partnership at Montana Renewables with Oaktree. These transactions advance Calumet's vision for MRL as a standalone, high-growth, pure-play renewable fuels business."
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KRYS | Hot Stocks07:06 EST Jeune Aesthetics to present pre-clinical data on KB303 in elastin production - Jeune Aesthetics announced the presentation of preclinical data supporting the ongoing development of KB303, an innovative, investigational gene-delivery therapy designed to enable local, full-length elastin production in the skin. The data will be presented at the American Society for Dermatologic Surgery 2021 Virtual Meeting to be held November 19-21, 2021. "The field of aesthetic medicine has been looking for a therapeutic approach that could increase the deposition of full-length elastic fibers in skin for decades," said Dr. Bhushan Hardas, President of Jeune Aesthetics. "Using our proprietary gene delivery platform, we've engineered KB303 to deliver the ELN gene and help cells naturally replenish elastin that has been lost due to photo-damage and aging. We're excited to present these first-ever data on KB303 that, while early, show promise in the potential to be the first approach to produce elastin to naturally improve skin elasticity." Title: KB303, An Innovative And Minimally Invasive HSV-1-Based Therapy to Improve Skin Elasticity: Cutaneous aging affects many layers of the skin, leading to wrinkling, atrophy of the dermis, and loss of elasticity associated with damage to the underlying elastin, a key extracellular matrix protein which provides resilience and elasticity to tissues and organs. Elastic fibers are key components of the skin's extracellular matrix, consisting of the protein elastin and microfibrillar proteins that assemble into long strands. Due to their low turnover rate, elastin fibers are particularly prone to the acc
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BRKR | Hot Stocks07:05 EST Bruker acquires Molecubes, terms undisclosed - Bruker announced the acquisition of Molecubes NV. Founded in 2015 in Ghent, Belgium, Molecubes develops and sells PET, SPECT, and CT Cubes systems, with a global installed base of more than 70 systems among key opinion leaders. Molecubes will remain an operational team within the Bruker BioSpin Preclinical Imaging division, and Molecubes customers can continue communications through existing channels. Molecubes' R&D and applications teams will collaborate with Bruker's preclinical imaging experts to continuously advance NMI technology, software, workflows and applications. Molecubes generated approximately EUR 5M in FY 2020 revenue. Financial details of the acquisition were not disclosed.
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TLLTF | Hot Stocks07:04 EST Tilt Holdings receives approval for adult-use operations at Taunton facility - TILT Holdings announced that the Massachusetts Cannabis Control Commission has awarded a final adult-use cultivation, manufacturing and retail establishment licenses to Commonwealth Alternative Care's Taunton location. Retail and wholesale sales of adult-use cannabis will commence upon final inspection by the CCC. Operating since August 2018, CAC's Taunton facility includes a 100,000 square-foot cultivation and processing facility as well as a co-located dispensary. CAC produces and sells a wide range of flower, concentrate, edible and topical products for patients, customers, and industry partners throughout the state. The Taunton dispensary is located at 30 Mozzone Boulevard and is open daily from 9:30am to 7:30pm. This announcement follows the CCC's final approval for adult-use sales at CAC's Brockton location in October and its recent order authorizing CAC to commence operations at that location. CAC's locations in Brockton and Taunton together serve more than 8,000 patients in the greater Boston area.
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GPS | Hot Stocks07:03 EST Athleta opens second company-operated store in Toronto - Athleta opened a new 4,800-square-foot retail store today at Yorkdale Shopping Centre in Toronto. The new Yorkdale store is Athleta's second company-operated Canadian location opened over the past two months, advancing the brand towards its goal to reach two billion dollars in net sales by 2023. Athleta first expanded into Canada with the launch of e-commerce in August, followed by the debut of its first company-operated store outside of the United States in September at Park Royal Shopping Centre in West Vancouver, British Columbia. The brand has a fleet of approximately 200 stores throughout North America and is on track to open 20-30 additional stores by the end of 2021.
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BMY | Hot Stocks07:00 EST Bristol-Myers announces new PDUFA date for mavacamten - Bristol Myers Squibb announced that the U.S. Food and Drug Administration has extended the review of the New Drug Application for mavacamten for the treatment of patients with symptomatic obstructive hypertrophic cardiomyopathy to April 28, 2022. The FDA notified Bristol Myers Squibb on November 18, 2021 of the extension of the PDUFA date to allow sufficient time to review information pertaining to updates to the proposed Risk Evaluation Mitigation Strategy. A REMS program was included in the initial application for mavacamten. No additional data or studies have been requested.
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FTAI | Hot Stocks06:58 EST Fortress Transportation partners with Clean Planet Energy - Fortress Transportation and Infrastructure Investors and Clean Planet Energy have announced the formation of a joint venture partnership to develop Clean Planet Energy USA ecoPlants in key North American markets. The first Clean Planet USA ecoPlant is under development at FTAI's Repauno Port & Rail Terminal in Gibbstown, New Jersey. The ecoPlant will convert non-recyclable waste plastics into ultra-clean fuels and oils, and circular-naphtha to support the manufacture of new plastics. Clean Planet USA ecoPlants are green recycling facilities that can process waste plastics that traditionally cannot be recycled. An ecoPlant can accept and process plastics from all classifications, including those which are almost always rejected by traditional recycling centers and sent to landfill or incineration. Development of the first facility at Repauno is underway, where the plant is planned to initially process 20,000 tons of waste plastics each year. In addition, the newly formed Clean Planet USA business development team is advancing multiple additional projects with agreements in place for plastic-waste supply in Alabama, Texas, Florida, the Dominican Republic, and other North American markets. Over the coming months the joint venture will be expanding its network of feedstock partners for non-recyclable plastic and is seeking to collaborate with firms that process or generate this waste.
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FL | Hot Stocks06:49 EST Foot Locker expects global supply chain constraints to persist throughout Q4 - Andrew Page added, "We expect global supply chain constraints to persist throughout the fourth quarter; that said, we believe we are positioned for the holiday season, with positive momentum and inventory levels ready to meet customer demand."
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ETN | Hot Stocks06:48 EST Eaton appoints Harold Jones as chief sustainability officer - Eaton announced that Harold Jones has been named chief sustainability officer and executive vice president, Eaton Business System, effective December 1. Jones will continue to report to Eaton Chairman and CEO Craig Arnold. Harold has led Eaton's environmental, social and governance initiatives since 2011. Under Jones' leadership, the company announced its 2030 Sustainability Targets-which include becoming carbon neutral in its operations by 2030-published its first-ever Taskforce on Climate-related Financial Disclosures report, and became a participant of the U.N. Global Compact.
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IDA | Hot Stocks06:38 EST Idacorp CFO Steven Keen to retire - IDACORP, Inc. and Idaho Power Company SVP and CFO Steven Keen has announced his intent to retire on October 1, 2022 after 40 years of service. He has been with Idaho Power since 1982 and has been the company's CFO since May 2014. The Board of Directors of IDACORP, Inc. and Idaho Power Company have appointed Brian Buckham to succeed Keen, effective March 1, 2022. After March 1, Keen will stay on as a senior vice president until he retires later in the year. Buckham has worked for Idaho Power since 2010, focused on areas such as securities law, capital markets, corporate governance, and risk management, among others, and was named SVP and General Counsel for Idaho Power and IDACORP in March 2017. When Buckham becomes CFO on March 1, Pat Harrington will become Vice President, General Counsel and maintain his role as Corporate Secretary. Harrington has served as the companies' Corporate Secretary since 2007.
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DPW | Hot Stocks06:36 EST Ault Global Holdings completes $200M at-the-market capital raise - Ault Global Holdings announced that it has completed the "at-the-market" equity offering program under which it sold, from time to time, shares of its common stock for aggregate gross proceeds of $200M. The Company sold the total $200M at an average price of $3.81 per share. The shares of common stock were offered through Ascendiant Capital Markets, LLC, in its capacity as the sales agent. The Company believes the $200M in proceeds from the ATM equity offering have been transformational, resulting in a strong balance sheet and providing the Company its most promising opportunities in its over 50-year history. The Company intends to continue to use the net proceeds from the ATM equity offering for: expansion of its data center business and Bitcoin mining operations, inclusive of purchases of recently announced Antminers from Bitmain; financing of possible acquisitions of companies and/or technologies; financing of its emerging electric vehicle charger and energy storage business; investments through its California licensed finance lender; other business expansions and investments; and working capital and general corporate purposes. Other than the announced purchase commitments for additional Bitcoin mining equipment, the Company does not have agreements or commitments for any specific acquisitions at this time.
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CASA | Hot Stocks06:34 EST Casa Systems to announce transformation toward software, cloud at Investor Day - Casa Systems will host its 2021 Virtual Investor Day. Key Event Highlights: Casa Systems is deploying a disruptive, end-to-end connected cloud solution to help customers generate new revenue from 5G, rural, and mobile private networks. Tens of billions of dollars will be spent to transform networks for 5G, rural and MPN. Long-Term Financial Outlook, Refinancing and Deleveraging Plans. "Casa is in the process of a multi-year transformation from a hardware-heavy to a software and cloud-centric company," said Jerry Guo, President and Chief Executive Officer of Casa Systems. "This is the result of years of product development that is now in the early stages of deployment. Software and cloud are where we see our biggest growth potential and it's where the largest percentage of our development and sales efforts are focused. We are excited to be recognized as an industry leader at such an important time in network transformation." Investor Day Agenda: Jerry Guo, Chief Executive Officer, will outline the Company's vision for a connected cloud with multiple cloud components deployed at data centers, service provider edge, and enterprise and consumer premises. Alf de Cardenas, Chief Customer Officer, will highlight how the Company is expanding to a broader base of customers and addressable market footprint as Casa Systems deploys its 5G, rural and MPN solutions. Steve Collins, Senior Vice President of Access Devices, will detail how the Company is creating a network capable of delivering innovative new features with extreme flexibility for private and public networks with open cloud-native designs. Gibson Ang, Vice President of Technology, will discuss the Company's 5G core and radio solutions. Peter Wolf, Vice President of Wireline Solutions, will explain how the Company is positioning new solutions for the cable market. Scott Bruckner, Chief Financial Officer, will address the Company's current and long-term financial position, including financial targets. As the result of executing on the Company's strategic priorities, Casa Systems anticipates it will deliver measurable performance improvements by fiscal 2025, including: At least 50 percent of revenue coming from software and cloud products. Return to 60 percent or greater gross margin. Gross profit to increase at a compound annual growth rate of no less than 10%.
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HEXO | Hot Stocks06:32 EST HEXO director Sebastien St-Louis resigns - HEXO Corp announced that Sebastien St-Louis has resigned from HEXO's Board of Directors. The Company also announced that it has appointed President and CEO, Scott Cooper, as a Director to replace Sebastien St-Louis, effective yesterday.
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BNTX | Hot Stocks06:31 EST BioNTech receives FDA fast track designation for BNT111 - BioNTech announced that the U.S. Food and Drug Administration granted Fast Track Designation for BNT111, an investigational cancer immunotherapy for the potential treatment of advanced melanoma. BNT111 is the lead product candidate from BioNTech's fully owned FixVac platform that utilizes a fixed combination of mRNA-encoded, tumor-associated antigens aiming to trigger a strong and precise immune response against cancer. The vaccine candidate is currently being investigated in a Phase 2 trial in patients with anti-PD-1-refractory/relapsed unresectable Stage III or IV melanoma. The ongoing randomized Phase 2 trial in patients with anti-PD1-refractory/relapsed unresectable Stage III or IV melanoma investigates BNT111 in combination with Libtayo, an anti-PD-1 monoclonal antibody being co-developed by Regeneron and Sanofi. The BNT111-01 trial which is conducted in collaboration with Regeneron is enrolling a total of 180 patients into three treatment arms in the United States, the United Kingdom, Australia, Spain, Germany, Italy and Poland. This trial seeks to support initial data reported from the ongoing Phase 1 Lipo-MERIT monotherapy dose escalation trial that demonstrated a favorable safety profile and anti-tumor responses of BNT111 alone and in combination with immune checkpoint inhibitor therapy in patients with advanced melanoma.
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UWMC | Hot Stocks06:19 EST UWM Holdings to accelerate buyback in lieu of secondary offering - UWM Holdings Corporation announced today that SFS Holding Corp, its principal shareholder, has terminated the previously announced secondary offering of Class A Common Stock and concurrent stock repurchase effective immediately. The Offering was intended to increase UWMC's public float by approximately 50%, thereby making it a more liquid, tradable stock for larger indexes and institutional investors, while at the same time utilizing the Company's buyback authorization to reduce the number of fully diluted shares outstanding. However, the market's reaction to the Offering resulted in a share price level at which SFS is not willing to sell. With the termination of the Offering, no shares of common stock will be sold by SFS at this time. Instead, the Company intends to accelerate its previously announced buyback program and defer its plans to increase public float to a later date. Mat Ishbia, the Company's Chairman and CEO stated: "As the principal owner of SFS, I was willing to sell a percentage of our ownership in UWM at less than what I think to be fair value because we were advised that increased float in the public market would be beneficial for the UWMC shareholders, including its largest shareholder, SFS. I was also willing to have SFS sell additional shares to the Company at the same time and price to make good on our buyback commitment and reduce the number of shares outstanding without also decreasing the public float. Unfortunately, while there was more than enough demand from potential investors, the overall market conditions were such that the prices offered were not at levels that I will entertain."
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UTSI | Hot Stocks06:10 EST UTStarcom director Wendong Zhang resigns - UTStarcom announced that Ms. Wendong Zhang resigned from the Company's Board of Directors effective November 16, 2021 to pursue other business interests. Ms. Zhang also served on various board committees, including the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee. Following Ms. Zhang's resignation, Mr. Hao Zheng was appointed as a member of the Board, the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee of the Board, effective November 17, 2021. Mr. Zheng is the designee of Beijing E-town International Investment Development Co, pursuant to the stockholders rights agreement entered into by and between the Company and BEIID on February 1, 2010.
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FTS | Hot Stocks06:08 EST Fortis appoints Gary Smith as EVP, operations and innovation - Fortis appointed Gary Smith to the position of Executive Vice President, Operations and Innovation effective January 1, 2022. Smith is currently Executive Vice President, Eastern Canadian and Caribbean Operations. Creating a cleaner, more resilient future is key to the Fortis business strategy. Gary will lead our innovation priorities and build on our work to foster an innovative culture throughout the Fortis group of companies. He will continue to provide oversight to Eastern Canadian and Caribbean operations, as well as provide leadership in key areas such as safety, reliability, and capital investment across the entire organization. Gary will also oversee the corporation's cybersecurity and technology functions.
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BTX | Hot Stocks06:07 EST Brooklyn ImmunoTherapeutics announces filing of registration statement - Brooklyn ImmunoTherapeutics announced that on November 18, 2021 it filed with the Securities and Exchange Commission a registration statement on Form S-1 relating to the proposed public offering by certain selling stockholders of up to 6,281,454 shares of Brooklyn's common stock received in connection with Brooklyn's acquisition of Novellus, Inc. in July 2021. Brooklyn will not receive any proceeds from any shares sold by the selling stockholders.
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WTI | Hot Stocks06:06 EST W&T Offshore says apparent high bidder on two Gulf of Mexico blocks - W&T Offshore announced that the Company was the apparent high bidder on two blocks in the Gulf of Mexico Lease Sale 257 held by the Bureau of Ocean Energy Management on November 17, 2021. W&T will also be participating in two upcoming investor conferences. W&T was the apparent high bidder in the most recent Gulf of Mexico lease sale on two shallow water blocks, Eugene Island South Addition block 385 and Ship Shoal South Addition block 360. These two blocks cover a total of approximately 10,000 gross acres. If awarded, the Company will pay approximately $295,000 in total for the awarded leases combined, which reflect a 100% working interest in the acreage. The blocks have a lease term of five years and a 12.5% royalty. Despite submitting the apparent high bid on these leases, the BOEM reserves the right not to award the blocks based on their minimum bidding criteria. W&T expects to receive the final award results over the next 90 days.
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BRTX | Hot Stocks06:05 EST BioRestorative Therapies enters LOI with PRC Clinical - BioRestorative Therapies announced that it has entered into a letter of intent with PRC Clinical, a CRO specializing in clinical trial management, with regard to PRC Clinical providing startup clinical project management activities for the Company's BRTX-100 Phase 2 clinical trial to treat chronic lumbar disc disease.
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VRTX | Hot Stocks06:03 EST Vertex announces reimbursement agreement in Spain for KAFTRIO - Vertex Pharmaceuticals announced that the Spanish government has approved terms for the national reimbursement of KAFTRIO in a combination regimen with ivacaftor for the treatment of cystic fibrosis for eligible patients. The agreement covers people with CF ages 12 years and older who have at least one copy of the F508del mutation, regardless of the other mutation type in the CFTR gene. KAFTRIO in a combination regimen with ivacaftor can be prescribed to eligible patients by treating physicians once the medicine is listed in the national Official Gazette Nomenclator. With this agreement, Spain joins the group of over 25 countries - such as Ireland, Germany, Austria, Slovenia, Croatia, Luxembourg, Denmark, Finland, France, Portugal, Italy, Switzerland and the U.K. - where eligible patients with CF have access to the triple combination therapy.
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GRCL | Hot Stocks06:03 EST Gracell receives fast track designation for GC012F from FDA - Gracell announced that the FDA has granted orphan drug designation for GC012F, Gracell's FasTCAR-enabled BCMA/CD19 dual-targeting CAR-T cell therapy for the treatment of multiple myeloma.
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NCTY | Hot Stocks05:21 EST The9 NFT platform gets 180,000 pre-registered users, plans to launch December 17 - The9 announced that following the recent signing of partnering stars, its NFT community and trading platform NFTStar has proliferated to 180,000 pre-registered users from 176 countries. The platform is planned to be officially launched one week before Christmas on December 17.
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RETA | Hot Stocks05:19 EST Reata Pharmaceuticals receives fast track designation for omaveloxolone from FDA - Reata Pharmaceuticals announced the FDA has granted fast track designation for omaveloxolone for the treatment of Friedreich's ataxia.
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EDR | Hot Stocks05:16 EST Endeavor Group sell 80% stake in scripted business of content studio for $775M - CJ ENM announced that they have entered into a definitive agreement to acquire an 80% stake of the scripted business of U.S.-based global content studio, Endeavor Content, from its parent company Endeavor Group for $775M in total proceeds at an enterprise valuation of $850M, including $655M to Endeavor and a contribution of $120M of capital to Endeavor Content's balance sheet. The deal to acquire the 80% stake, including management rights, was approved by CJ ENM's board of directors on November 19. Endeavor will retain 20% of the scripted portion of the business, in addition to retaining the non-scripted portion of the business, as well as certain documentary and film sales and financing consulting services. Endeavor Content's Graham Taylor and Chris Rice will continue to lead the studio as co-CEOs. The two companies anticipate the deal will close early in Q1. This acquisition is the largest M&A for CJ ENM, which first invested in DreamWorks and jumped into the content business 26 years ago.
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FSM | Hot Stocks05:10 EST Fortuna Silver Mines provides update on appeal of denial order from SEMARNAT - Fortuna Silver Mines provided an update on the status of the appeal to the denial order received on November 10 from the Secretaria de Medio Ambiente y Recursos Naturales, or SEMARNAT, with respect to the application to extend the environmental impact authorization, or EIA, at the San Jose Mine, located in Oaxaca, Mexico. Fortuna's Mexican subsidiary, Compania Minera Cuzcatlan is working with its legal advisors to file an appeal to the Denial Order prior to the end of November. The appeal will be brought by Minera Cuzcatlan in the Mexican courts. The grounds for the appeal are that Minera Cuzcatlan is in full compliance with all material environmental laws, and therefore Minera Cuzcatlan has the right to an extension of the EIA under applicable law. The timing for a decision by the Administrative Court is uncertain, and Fortuna has been advised that such decisions may often take up to a year to be delivered. The San Jose mine is currently operating under the protection of the Mexican courts which allows the continued operation of the San Jose mine beyond the expiry date of the EIA. Under the terms of the company's credit facility, the company is required to obtain a permanent injunction or equivalent protection, in form and substance acceptable to the lenders acting reasonably, by November 20 to allow the company to continue to operate the San Jose mine from October 23. The lenders under the credit facility have agreed to waive that requirement until February 18, 2022, provided such permanent injunction or equivalent protection has not been lifted or stayed prior thereto. The company believes that it is fundamentally in compliance with all material aspects of the EIA and is entitled to an extension. The company is continuing to work with authorities to resolve this matter. Minera Cuzcatlan is continuing to pursue all legal protection available to it in order to continue to operate pending the appeal of the Denial Order.
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