Stockwinners Market Radar for November 22, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

SYBX

Hot Stocks

19:59 EST Synlogic presents interim data from Phase 2 SynPheny-1 clinical trial - Synlogic announced presentation of interim data from the company's Phase 2 SynPheny-1 clinical trial showing that treatment with the investigational Synthetic Biotic medicine SYNB1618 resulted in significant reductions in plasma phenylalanine levels in patients with phenylketonuria. Results were presented today by Dr. Jerry Vockley, MD, PhD in a late-breaking oral presentation during the International Congress of Inborn Errors of Metabolism Meeting in Sydney, Australia. In an interim analysis of eight patients, treatment with SYNB1618 was associated with a 40% reduction in D5-Phe absorption after a meal challenge, a 20% reduction in mean fasting plasma Phe across all subjects, and a greater than250 microM mean reduction in fasting plasma Phe among responder subjects. Treatment with SYNB1618 was also generally well tolerated, with no serious adverse events and a tolerability profile consistent with results from previous Phase 1 studies. "PKU remains a devastating disease on multiple dimensions. Despite approved medicines, many people living with PKU remain in significant need of a treatment option that can work for them," said Dr. Vockley, Chief of Medical Genetics at UPMC Children's Hospital of Pittsburgh and lead investigator on the study. "These data provide evidence that SYNB1618 can reduce plasma Phe levels in PKU patients with an oral therapy that works locally in the gastrointestinal tract."
TSLA

Hot Stocks

19:29 EST Former SEC lawyer Misler joins Tesla as managing counsel - Former SEC trial unit lawyer David Misler said in a post on his LinkedIn profile that he is joining Tesla as managing counsel for litigation. "Today, a new journey begins," Misler said. "I start at #Tesla as a managing counsel for litigation where I will support our important mission of accelerating the world's transition to sustainable energy. I am excited to join such an innovative and disruptive company and am ready for the opportunities and challenges ahead." Reference Link
NVDA

Hot Stocks

19:07 EST Nvidia director Drell sells 10,000 common shares - In a regulatory filing, Nvidia director Persis Drell disclosed the sale of 10,000 common shares of the company on November 19 at a price of $326.65 per share.
SJI

Hot Stocks

19:01 EST South Jersey Industries raises quarterly dividend 2.48% to 31c per share - SJI announced that its board of directors voted to increase the company's regular quarterly dividend from 30.25c per share to 31c per share. The new annualized dividend of $1.24 represents an increase of 2.48% per share over the previous level. With this announcement, SJI has increased its dividend for 23 consecutive years, the company said.
ZBRA

Hot Stocks

18:54 EST Zebra Technologies CEO: We're as confident about our business as we've ever been - Anders Gustafsson is speaking on CNBC.
LEE

Hot Stocks

18:25 EST Lee Enterprises confirms $24.00 per share buyout proposal from Alden Global - Lee Enterprises confirmed that it has received an unsolicited non-binding proposal from Alden Global Capital to purchase Lee Enterprises for $24.00 per share in cash. "Lee's Board of Directors and management team are committed to acting in the best interests of all shareholders. Consistent with its fiduciary duties, and in consultation with its financial and legal advisors, Lee's Board of Directors will carefully review Alden's proposal to determine the course of action that it believes is in the best interests of the company and Lee shareholders. There is no need for Lee shareholders to take any action at this time."
COOK

Hot Stocks

18:24 EST Traeger CEO: Cost of transportation has hit us particularly hard - In an interview on CNBC's Mad Money, Jeremy Andrus said Traeger makes cooking with wood easy and simple. "The company's inventory is big and heavy and particularly sensitive to transportation costs," he noted. Traeger is getting ready to open a facility in Mexico next year and Andrus believes there is opportunity in the U.S as well. Currently, the company is "navigating operations in a tricky environment," and thinking about driving the brand, he added.
LEE

Hot Stocks

18:14 EST Lee Enterprises confirms $24.00 per share buy out proposal from Alden Global - Lee Enterprises confirmed that it has received an unsolicited non-binding proposal from Alden Global Capital to purchase Lee Enterprises for $24.00 per share in cash. "Lee's Board of Directors and management team are committed to acting in the best interests of all shareholders. Consistent with its fiduciary duties, and in consultation with its financial and legal advisors, Lee's Board of Directors will carefully review Alden's proposal to determine the course of action that it believes is in the best interests of the company and Lee shareholders. There is no need for Lee shareholders to take any action at this time."
NEM

Hot Stocks

18:02 EST Newmont to sell Kalgoorlie power business to Northern Star - Newmont has agreed to sell its Kalgoorlie power business to Australia's Northern Star Resources. Under terms of the agreement, Newmont receives $95M in cash, inclusive of the $25M option payment previously received from Northern Star as part of its purchase of Newmont's 50% stake in Kalgoorlie Consolidated Gold Mines in 2020. The Kalgoorlie power business has been a profitable asset for Newmont since the sale of its stake in KCGM. The Kalgoorlie power business supplies electricity to KCGM via a suite of contracts, licenses, approvals and third party arrangements, including a 50% interest in the 110MW duel fuel gas turbine Parkeston Power Station near Kalgoorlie, owned in joint venture with Canadian energy utility, TransAlta Corporation.
LMT

Hot Stocks

17:21 EST Lockheed Martin awarded $114.61M Navy contract command - Lockheed Martin was awarded an $114.61M cost-plus-incentive-fee, cost-plus-fixed-fee, and cost-only modification to a previously-awarded contract to exercise an option for AEGIS Combat System Engineering Agent efforts for the design, development, integration, test and delivery of Advanced Capability Build 20. Work will be performed in Moorestown, New Jersey, and is expected to be completed by December 2022. FY21 other procurement funds in the amount of $430,000 and FY22 research, development, test, and evaluation funds in the amount of $382,216 will be obligated at time of award and will not expire at the end of the current fiscal year. The Naval Sea Systems Command is the contracting activity.
GD

Hot Stocks

17:20 EST General Dynamics awarded $829.24M Defense Intelligence Agency task order - General Dynamics was awarded a $829.24M fixed-price, award-fee task order to provide all information technology help desk services for the Defense Intelligence Agency, or DIA. Work will be performed at Joint Base Anacostia-Bolling in Washington, D.C., and other DIA sites, with an expected completion date of January 27, 2032. FY22 operations and management funds in the amount of $19,962 are being incrementally funded at the time of award for base-year labor. This contract was a competitive acquisition, and five offers were received. The Virginia Contracting Activity is the contracting activity.
EBS UFS

Hot Stocks

17:19 EST Emergent BioSolutions to replace Domtar in S&P 600 at open on 11/30 - Paper Excellence B.V. is acquiring Domtar in a deal expected to be completed soon pending final conditions.
SITM EBS

Hot Stocks

17:18 EST SiTime to replace Emergent BioSolutions in S&P 400 at open on 11/30
PFE

Hot Stocks

17:15 EST Pfizer awarded $1.4B Army contract modification for 200M COVID-19 vaccine doses - Pfizer was awarded a $1.4B modification to a contract for an additional 200M doses of Pfizer's COVID-19 vaccine for international donation. Work will be performed in New York, New York, with an estimated completion date of June 30, 2022. FY22 research, development, test, and evaluation, Army funds in the amount of $1.4B were obligated at the time of the award. U.S. Army Contracting Command is the contracting activity.
AMZN EA

Hot Stocks

17:15 EST Amazon Prime Gaming announces holiday season's 'free' games - Amazon (AMZN) Prime Gaming's Keith Carpenter, blogged, in-part: "Make the most of your Amazon Prime membership this holiday season, as customers of all ages can enjoy free games and in-game content for some of today's most popular video games. This month, Prime Gaming members can dive into the diverse lineup of free games, including Need for Speed: Hot Pursuit Remastered, Frostpunk, Journey to the Savage Planet, Football Manager 2021 and more, as well as additional great in-game content for popular titles including, Battlefield 2042, Apex Legends, Fall Guys, Genshin Impact and more. Beginning on December 1, Prime members can claim an additional 9 titles on PC! The December lineup allows members to feel the thrill of the chase and the rush of escape in Need For Speed Hot Pursuit Remastered, and to take on the role of director at Spellcaster University...As we announced earlier this month, Amazon's Prime Gaming and leading video game publisher Electronic Arts (EA) have teamed up to bring Amazon Prime members even more free games and in-game content for some of EA's most popular titles through 2022." Reference Link
HRL

Hot Stocks

17:05 EST Hormel Foods raises annual dividend 6% to $1.04 from 98c per share - The Board of Directors authorized the first quarterly dividend of 26c a share to be paid on Feb. 15, 2022, to stockholders of record at the close of business on Jan. 18, 2022.
EML

Hot Stocks

16:59 EST Eastern Company sells its Frazer & Jones foundry business - The Eastern Company announced that it has sold its Frazer & Jones foundry business. August Vlak, Eastern's President & CEO, said that "the divestiture of Frazer & Jones is part of our ongoing work to streamline our portfolio of businesses and build scale in our largest businesses, which we believe will accelerate Eastern's growth and strengthen our operating margins. With the sales of Greenwald Industries this month, and Canadian Commercial Vehicles and Sesamee Mexicana last year, this transaction further strengthens our focus on our three core businesses." Vlak concluded, "we plan to allocate the majority of the proceeds from this transaction to debt reduction and share repurchases, under our 10b5-2 plan." The terms of the transaction were not disclosed.
URBN

Hot Stocks

16:37 EST Urban Outfitters drops 11% to $33.05 after reporting Q3 results
MIND

Hot Stocks

16:36 EST MIND Technology provides operational update - MIND Technology announced that, based on preliminary results, it expects to report revenue from the sale of marine technology products for the quarter ended October 31 of approximately $8.3M. This represents a sequential increase of approximately 23% over the second quarter of the current fiscal year and approximately 28% over the third quarter of the previous year. Additionally, the company expects to report a backlog as of October 31 of approximately $10M.
GCP

Hot Stocks

16:32 EST GCP Applied Technologies implements price increases for Concrete Admixtures - GCP Applied Technologies announced it is implementing price increases for Concrete Admixtures in North America. To continue providing the exceptional solutions GCP's customers rely on, at the levels of service they require, it is necessary to increase prices up to 10% for all concrete admixture and fiber products effective January 1, 2022.
NVT

Hot Stocks

16:32 EST nVent Electric Chairman Hogan sells $5M in shares - nVent Electric Chairman Randall Hogan disclosed that he had sold 132,416 shares of company stock at $37.76 per share on November 18, for a total transaction value of $5,000,028.
IBP

Hot Stocks

16:31 EST Installed Building Products acquires CFI Insulation, terms undisclosed - Installed Building Products announced the acquisition of CFI Insulation. Established in 2003, CFI is headquartered in Knoxville, Tennessee and primarily installs fiberglass and spray foam insulation into new residential, multifamily and commercial construction projects. "With approximately $10 million of annual revenue, CFI expands our presence to residential, multifamily and commercial customers throughout Tennessee," stated Jeff Edwards, chairman and CEO. "To date in 2021, we have acquired approximately $140 million of annual revenues, further surpassing our $100 million acquired revenue target for this year. Acquisitions remain a key component of our growth strategy and we continue to have a robust pipeline of opportunities across multiple geographies, products, and end markets. On behalf of everyone at Installed Building Products, I would like to welcome CFI onto our team."
GNSS

Hot Stocks

16:26 EST Genasys sees FY22 operating expenses $9M-$11M - Commenting on the outlook for FY22, Danforth stated, "We anticipate fiscal 2022 will be another year of record revenue. Operating expenses are forecast to increase year-over-year by $9.0 - $11.0 million, reflecting the additional strategic growth spending to accelerate SaaS revenues. As our business grows, we expect our model to deliver increasing SaaS revenue and margin expansion after making the investments to support our future growth."
ZM

Hot Stocks

16:25 EST Zoom Video sees Q4 deferred revenue growth in the mid 20s y/y - Says deferred revenue growth to be driven by the cyclical decline in the average remaining term of the company's annual customer contracts, which are front-half weighted. Says deferred revenue at end of Q3 was $1.2B, slightly up quarter over quarter. Comments taken from Q4 earnings call prepared remarks.
RMAX

Hot Stocks

16:23 EST RE/MAX Holdings identifies material weakness in internal control - During the third quarter of 2021, in analyzing the purchase accounting with respect to the RE/MAX INTEGRA North American regions acquisition, the company determined that a portion of the acquisition purchase price was attributable to a loss on the settlement of the pre-existing master franchise agreements in which the pre-acquisition royalty rates paid by RE/MAX INTEGRA were below the current market rate. This is in contrast to prior independent region acquisitions, where the company allocated the entire purchase price to acquired assets, primarily goodwill and other identifiable intangible assets. The company has determined this same conclusion applied to certain of its other independent regions acquired between 2007 and 2017 where the region paid a royalty rate below the current market rate prior to the acquisition. In these circumstances, the company's goodwill and identifiable intangible assets balances were overstated, resulting in generally overstated levels of intangible asset amortization expense subsequent to acquisition. Accordingly, the company corrected the relevant consolidated financial statements as of December 31, 2020 and for the unaudited three and nine month period ended September 30, 2020 within these preliminary consolidated financial statements. Management has evaluated the materiality of these misstatements based on an analysis of quantitative and qualitative factors and concluded they were not material to the prior period financial statements, individually or in aggregate. However, in connection with this analysis and correction, the company identified a material weakness in its internal control over financial reporting related to purchase accounting for certain historical acquisitions. As a result of the Material Weakness, the company plans to amend its 2020 Annual Report on Form 10-K for the year ended December 31, 2020 to reflect the conclusion by management that there was a Material Weakness. The company also expects to receive an amended report on the company's internal control over financial reporting from KPMG LLP for inclusion in the amendment to its 2020 Annual Report. Once the amended 2020 Annual Report is complete, the company will file its Quarterly Report on Form 10-Q for the third quarter of 2021. The company is working to file its amended 2020 Annual Report and Form 10-Q as promptly as possible.
ARRY

Hot Stocks

16:22 EST Array Technologies announces CEO Jim Fusaro to retire ~December 31, 2022 - Array Technologies announced that Jim Fusaro, Chief Executive Officer, has informed the board of his intent to retire from the company on or before December 31, 2022. The Board of Directors is engaged in a search to identify Mr. Fusaro's successor. "
PINE

Hot Stocks

16:22 EST Alpine Income Property increases quarterly cash dividend 5.9% to 27c per share - Alpine Income Property announced that its board of directors has authorized, and the company has declared a 5.9% increase in the company's quarterly cash dividend to 27c per share of common stock for Q4 as compared to its previous quarterly cash dividend of 25.5c per share of common stock. The dividend is payable on December 30 to stockholders of record as of the close of business on December 9. The ex-dividend date for Q4 cash dividend is December 8. Q4 cash dividend represents a 22.7% year-over-year increase as compared to the company's Q4 2020 cash dividend.
AVB

Hot Stocks

16:20 EST AvalonBay names Benjamin Schall CEO, Timothy Naughton executive chairman - AvalonBay Communities announced that Benjamin W. Schall, the Company's current President and a director, has been appointed to the additional role of Chief Executive Officer effective January 3, 2022, reporting directly to the Board. Concurrently, Timothy J. Naughton, the Company's current Chairman of the Board and Chief Executive Officer, will retire as the Company's Chief Executive Officer and assume the role of Executive Chairman of the Board. These appointments are consistent with the expectations previously announced by the Company in December 2020 as part of its leadership succession plan. "During the past year, Ben has proven to be a wonderful steward of AvalonBay's culture, meaningfully connecting with AvalonBay's associates across the organization, in our regions and at our communities. He shares our organizational values, our vision of success, and our commitment to creating an inclusive and diverse workplace," said Mr. Naughton. "Since joining AvalonBay in January 2021, Ben has become integrally involved across the organization and, externally, has established relationships with many of our key stakeholders and shareholders. As we continue to grow, execute and innovate, Ben and the executive team are well positioned to lead the Company forward."
IBEX

Hot Stocks

16:20 EST Ibex backs FY22 organic revenue growth of 7%-9% - Sees revenue growth accelerating beginning in the second quarter as onboarding new capacity.
UFPI

Hot Stocks

16:18 EST UFP Industries acquires controlling equity position in Ficus Pax for $13.5M - UFP Industries announced that its affiliate, UFP Global Holdings, has acquired 70% of the equity in Ficus Pax, a producer of industrial packaging in India, for approximately $13.5M. Headquartered in Bangalore, India, Ficus Pax manufactures mixed-material cases and crates, nail-less plywood boxes, wooden pallets and other packaging products through 10 facilities located in industrial markets throughout southern India. Ficus Pax also owns a majority stake in Wadpack, a manufacturer of corrugated fiber board containers, corrugated pallets and display solutions. The company had trailing 12-month sales through August of approximately $39M. Sandeep Wadhwa, chairman and managing director of Wadpack, will now lead Ficus Pax as managing director over the consolidated group.
ICE

Hot Stocks

16:10 EST IntercontinentalExchange announces planned launch of Risk Model 2.0 phase one - Intercontinental Exchange, Inc. announced the first phase of its futures and options initial margin methodology update from ICE Risk Model to a Value-at-Risk-based portfolio margining methodology, IRM 2.0. IRM 2.0 utilizes a Filtered Historical Simulation VaR approach that models the behavior of a portfolio, capturing all relationships and diversifying effects within a portfolio, rather than measuring risk on an instrument-by-instrument basis. "Over the last decade, ICE has invested heavily in its clearing operations technology and its world class risk management and models," said Christopher S. Edmonds, Global Head of Clearing and Risk at ICE. "By modelling the portfolio as a whole, IRM 2.0 allows for offsets to be reflected in the final initial margin value, creating risk-appropriate capital efficiencies for clearing members and their customers. We are working closely with clearing members, regulators and the wider market as we develop and transition to the new risk model."
KEYS

Hot Stocks

16:08 EST Keysight Technologies authorizes up to $1.2B share buyback program - Keysight announced that its Board of Directors authorized a new share repurchase program for up to $1.2 billion of its common stock. The new repurchase program is effective immediately and replaces the previously authorized $750 million program from 2020 of which $77 million remained. Shares may be purchased from time to time, subject to general business and market conditions and other investment opportunities, through open market purchases, privately negotiated transactions or other means. The repurchase authorization may be commenced, suspended or discontinued at any time at the company's discretion.
EAR

Hot Stocks

16:06 EST Eargo gets Nasdaq letter regarding 10-Q report - Eargo announced the Company received a letter from The Nasdaq Stock Market indicating that, since the Company has not yet filed its Quarterly Report on Form 10-Q for the period ended September 30 , the Company no longer complies with Nasdaq Listing Rule 5250c1 for continued listing. Under the Nasdaq Listing Rules, the Company has 60 calendar days to submit a plan to regain compliance and, if Nasdaq accepts the Plan, Nasdaq may grant an exception of up to 180 calendar days from the Form 10-Q original filing due date, or until May 16, to regain compliance. The Company intends to submit the Plan within the 60-calendar day period.
WSC

Hot Stocks

16:04 EST WillScot Mobile Mini acquires regional storage services assets in LA, no terms - WillScot Mobile Mini Holdings announced that it closed the acquisition of the assets of Portable Storage Corporation in Los Angeles. The transaction was funded with cash on hand and borrowings under the Company's revolving credit agreement. This acquisition adds about 3,000 storage units in the Company's existing U.S. markets in California. Brad Soultz, Chief Executive Officer, commented, "I am excited to welcome the employees of Portable Storage Corporation to our team at WillScot Mobile Mini. Portable Storage Corporation's operations expand our presence and capabilities in the greater Los Angeles area. Consistent with our M&A strategy, we look forward to providing our 'Ready to Work' value proposition to new customers, and applying our commercial and organizational best practices, while leveraging our scalable technology platform. Thank you to both our new and existing team members who are now working together to integrate our operations in southern California."
GLPG

Hot Stocks

16:03 EST Galapagos completes recruitment in MANGROVE trial - Galapagos announced completion of recruitment in the MANGROVE Phase 2 trial with investigational CFTR inhibitor GLPG2737 in patients with autosomal dominant polycystic kidney disease, or ADPKD.
RHHBY

Hot Stocks

16:01 EST Roche's obinutuzumab granted FDA orphan designation - Genentech, a unit of Roche, was granted orphan designation from the FDA for obinutuzumab for the treatment of childhood-onset idiopathic nephrotic syndrome, or NS, defined as steroid dependent or frequently relapsing NS, according to a post to the agency's website. Reference Link
ARWR GSK

Hot Stocks

16:01 EST Arrowhead enters exclusive license pact with GSK for ARO-HSD - Arrowhead Pharmaceuticals (ARWR) announced that it entered into an exclusive license agreement with GlaxoSmithKline (GSK) under which GSK will develop and commercialize ARO-HSD, Arrowhead's investigational RNA interference therapeutic in a Phase 1/2 trial that is currently being developed as a treatment for patients with nonalcoholic steatohepatitis. "Genetic studies have shown that HSD17B13 is a compelling therapeutic target for multiple forms of liver disease. Based on the clinical results generated to date, including those recently presented at the 2021 AASLD Liver Meeting, ARO-HSD could have the potential to be the first investigational therapeutic to achieve robust reductions in mRNA and protein levels of hepatic HSD17B13, leading to reductions in ALT, a liver enzyme typically elevated in liver diseases such as NASH," said Christopher Anzalone, Ph.D., Arrowhead's president and CEO. "GSK has a global reach and impressive capabilities in the clinical development and commercialization of important medicines. As the work continues towards progressing further Phase 2 studies and planning Phase 3 studies for ARO-HSD, we believe this agreement with GSK furthers the potential of ARO-HSD as a promising new investigational therapeutic for patients with NASH and other liver diseases. We look forward to enabling GSK to advance ARO-HSD towards the millions of patients worldwide who do not have adequate treatment options." Under the terms of the agreement, Arrowhead will receive an upfront payment of $120M and is eligible for additional payments of $30M at the start of Phase 2 and $100M upon achieving a successful Phase 2 trial readout and the first patient dosed in a Phase 3 trial. Furthermore, should the Phase 3 trial read out positively, and the potential new medicine receives regulatory approval in major markets, the deal provides for commercial milestone payments to Arrowhead of up to $190M at first commercial sale, and up to $590M in sales-related milestone payments. Arrowhead is further eligible to receive tiered royalties on net product sales. GSK will receive an exclusive license to develop and commercialize ARO-HSD in all territories except Greater China, which will be retained by Arrowhead. GSK will be wholly responsible for further clinical development and commercialization, outside of Greater China. The transaction is expected to close in the first quarter of 2022, subject to customary closing conditions and clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.
CP

Hot Stocks

15:50 EST Canadian Pacific to reopen B.C. rail corridor Tuesday - Canadian Pacific announced that it would reopen its railway between Kamloops, B.C. and Vancouver by mid-day Tuesday, Nov. 23. "Crews have worked around the clock after the Nov. 14 atmospheric river rain storm in British Columbia, where nearly 200 millimetres of rain fell over two days in some locations. Thirty locations across CP's Thompson and Cascade subdivisions were damaged with 20 resulting in significant loss of infrastructure... As CP resumes operations and moves from restoration to recovery, CP will closely coordinate with customers and terminals to clear the backlogs as quickly and efficiently as possible. Success will require collaboration across the supply chain with urgent weekend work and flexible schedules at customer and terminal locations to help get freight moving efficiently again," the company stated.
VZ

Hot Stocks

15:45 EST FCC approves Verizon-TracFone transaction with conditions - The Federal Communications Commission said it consents to the Verizon/TracFone transaction, "concluding that the public interest, convenience, and necessity would be served by approval as conditioned." Reference Link
TWTR

Hot Stocks

15:16 EST Twitter introduces ' aliases' for participants in its Birdwatch moderation tool - Twitter blogged, in part, earlier, that its croud-sourced tweet moderation tool, Birdwatch, is incorporating aliases for participants in its moderation tool: "We want everyone to feel comfortable contributing to Birdwatch. Aliases let contributors write and rate notes without sharing their Twitter usernames. A Birdwatch alias is a new, auto-generated display name that participants get when they join Birdwatch. Aliases are not publicly associated with contributors' Twitter accounts, so everyone can write and rate notes privately. Further, we believe aliases have the potential to: Reduce bias. By keeping focus on the content of notes rather than who's writing them, aliases have the potential to reduce bias that people might have around specific authors. Reduce polarization. Recent research indicates aliases might reduce polarization by helping people feel comfortable crossing partisan lines, or criticizing their own side without the prospect of peer pressure or retribution." Reference Link
TCRR

Hot Stocks

15:07 EST TCR2 Therapeutics reports CFO to resign to pursue new opportunity - In a regulatory filing earlier, TCR2 Therapeutics disclosed that on November 18, Mayur Somaiya informed the company of his intent to resign as Chief Financial Officer of the company to pursue a professional opportunity with a biopharmaceutical company based in New Jersey. Somaiya's resignation will be effective immediately following his last day of service to the company on December 10 "and is not the result of any disagreement regarding the company's financial reporting or accounting policies, procedures, estimates or judgments," the company stated in its filing.
SRNE

Hot Stocks

14:56 EST Sorrento executes contract for sale of 5M COVI-STIX tests for Mexican market - Sorrento Therapeutics announced its subsidiary, Sorrento Therapeutics Mexico, has executed a contract with "a leading local distributor" for the sale and distribution of up to 5M COVI-STIX tests for the Mexican market. "Since its commercial launch in July, the COVI-STIX COVID-19 Virus Rapid Antigen Detection Test has been well received for its ease of use and rapid generation of results. In addition, independent clinical testing by a leading Mexican national institute demonstrated very high sensitivity of around 90% when tested for all-comers, including asymptomatic COVID-19 virus carriers, while most of the other rapid COVID-19 virus antigen tests evaluated failed to achieve sensitivity above 62%," Sorrento said.
HUM

Hot Stocks

14:01 EST Humana expands value-based agreement with Hutchinson Clinic in Kansas - Humana has expanded its value-based care agreement with Hutchinson Clinic, a physician specialty group for individuals in Hutchinson, Cheney, McPherson and surrounding areas in Central Kansas. "The new agreement helps ensure that Humana Medicare Advantage members will continue to have in-network access to Hutchinson Clinic's results-driven care teams at each of its more than 14 locations in 2022," the company stated.
PENN

Hot Stocks

13:48 EST Portnoy says Barstool Sportsbook now live in West Virginia - Barstool founder Dave Portnoy tweeted: "Barstool Sportsbook Now Live in West Virginia". Penn Interactive (PENN) currently operates online Barstool Sportsbooks across several U.S. states. Reference Link
BIIB

Hot Stocks

13:30 EST Amyloid-related imaging abnormalities seen in 40% of aducanumab's Ph. 3 patients - Amyloid-related imaging abnormalities, or ARIA, were seen during aducanumab treatment in individuals with early Alzheimer disease in an integrated safety data set of the two phase 3 clinical trials, EMERGE and ENGAGE, of the drug, results published in JAMA Neurology show. In 3285 participants, 425 patients, or 41.3%, in the combined 10 mg/kg aducanumab group experienced ARIA; ARIA-edema occurred in 362 patients, or 35.2%, and 94 of these patients, or 26.0%, experienced associated symptoms such as headache, confusion, dizziness, and nausea, the study found. ARIA-microhemorrhage and ARIA-superficial siderosis occurred in 197 patients, or 19.1%, and 151 patients, 14.7%, respectively. A summary statement of the study findings stated: "Amyloid-related imaging abnormalities occurred in approximately 40% of participants in the phase 3 studies of aducanumab, and approximately one-quarter of these patients experienced symptoms." Biogen markets Alzheimer's drug aducanumab under the name Aduhelm. Reference Link
HAPP

Hot Stocks

13:19 EST Happiness Biotech reaches cooperation with Shanghai Autmobile - Happiness Development Group announced that its automobile sales brand, Taochejun's subsidiary, has reached a sales agreement with Shanghai Automobile Trading, a wholly owned subsidiary of Shanghai Automobile Industry Corporation, to purchase 1,300 vehicles from the SAIC MG brand at a discounted price. According to the agreement, Taochejun's subsidiary, Happiness Automobile Services, will purchase 1300 "MG HS", with a total consideration of approximately RMB104M from Shanghai Automobile Trading. These vehicles will be sold at a 37% discount compared with their official guide price.
BRP

Hot Stocks

13:15 EST BRP Group enters into agreement to buy substantially all assetes of WGB - BRP Group announced that, through its indirect subsidiaries, BRP Group has entered into an agreement to acquire substantially all of the assets of Wood Gutmann & Bogart Insurance Brokers and certain of its affiliates and related entities. Based in Tustin, California, WGB is a full-service middle-market brokerage firm that provides a complete range of Commercial Insurance, Employee Benefits, and Private Client Services, the company said in a statement. The Partnership, BRP Group's nomenclature for a strategic acquisition, is expected to close on or around December 1, subject to certain closing conditions. Following closing, WGB's current Commercial Insurance and Private Client Services practices will operate as Burnham WGB Insurance Solutions, and WGB's current Employee Benefits practice will operate under the Burnham Benefits name.
NFLX

Hot Stocks

13:05 EST Netflix announces plans to acquire Scanline VFX, terms not disclosed - Netflix announced plans to acquire Scanline VFX, a company known for its "complex, photorealistic effects and expertise in virtual production." Netflix will "invest in Scanline's pipeline, infrastructure and workforce and continue to support the pioneering work that Scanline's Eyeline Studios is doing in virtual production to push the boundaries of what is visibly possible," the company said in a statement. It added, "We'll also continue to rely on many other studios around the world for our VFX needs so we can continue to ensure that our creators have access to the world's most innovative tech, and continue to bring the most compelling and cutting-edge storytelling to our members." Reference Link
IFMK

Hot Stocks

13:03 EST iFresh announces Nasdaq delisting after panel denies appeal - iFresh announced that on November 19, 2021, the company received notice from the staff of the Nasdaq Stock Market that the Nasdaq Hearings Panel has denied the company's appeal of the Staff's September 22, 2021 decision to delist the common stock of the company. Accordingly, the company's common stock will be delisted effective with the open of business on November 23, 2021. The company's common stock is expected to continue to be traded on the OTC Expert Market.The Panel's decision to delist the company's common stock was based on two continued listing deficiencies. First, the Panel noted that the company was not in compliance with Nasdaq Listing Rules due to its failure to timely hold an annual meeting of shareholders for the fiscal year ended March 31, 2020, which is required to be held within twelve months of the Company's fiscal year end under Nasdaq Listing Rules. Second, the Panel noted that the company did not comply with Nasdaq's filing requirements because it had not filed its Form 10-K for the year ended March 31, 2021, and its Form 10-Q for the period ended June 30, 2021. The company failed to regain compliance pursuant to the above rules.
TRQ

Hot Stocks

12:34 EST Pentwater says Turquoise Hill director breached fiduciary duty - Pentwater Capital Management, the largest minority shareholder of Turquoise Hill Resources, sent a letter to the company's director George Burns. Burns "has not responded to explain his role in the ongoing and likely future breaches of fiduciary duties by the Turquoise Hill Board towards its minority shareholders," Pentwater said in a statement. The letter from Pentwater Capital Management CEO Matthew Halbower to Burns stated in part, "I am writing to you to implore you to not breach your fiduciary duty owed to minority shareholders of Turquoise Hill. Unfortunately, I believe that you have already done so, and if press reports are accurate, I believe you are about to further breach your fiduciary responsibilities in one of the most egregious ways that I have ever seen in my career. As you know, you joined the Board of TRQ six months after TRQ announced a $1.5 billion cost overrun and a two-year delay in the construction of the Oyu Tolgoi underground mine. At that time, I sincerely hope you were not aware that it was Rio's concealed mismanagement that caused the cost overrun and schedule delay...We implore you to use your voice to not allow Rio to run roughshod over the rights of TRQ minority shareholders."
ITRUF

Hot Stocks

12:17 EST Intertrust confirms 'multiple expressions of interest' for cash offer - Intertrust confirms that it has received "multiple expressions of interest" from third parties after it announced exclusive discussions with CVC Capital Partners on November 12. Each of these parties has submitted a conditional and non-binding proposal in relation to an indicative cash offer for all issued and outstanding shares of Intertrust at offer prices ranging up to EUR 22 per share, the company said in a statement. The Management Board and the Supervisory Board of Intertrust are "reviewing and evaluating all aspects of the conditional and non-binding proposals." The company said its will continue to engage in discussions with all parties that have expressed their interest.
TWTR WMT

Hot Stocks

12:09 EST Walmart to be first retailer to test Twitter's livestream shopping platform - Twitter (TWTR) said in a thread: "Today we announced our latest Twitter Shopping experiment: Live Shopping! Whether you're a home shopping super fan or catching up on your favorite creator's latest purchases, live video has been transforming the way we shop for years. We are incredibly excited to be partnering with one of the most recognizable brands in the world, @Walmart (WMT) for this test! Be sure to tune into their Live Event, hosted by @jasonderulo on November 28 at 7pm ET! Live Shopping on Twitter gives businesses the power to engage with their most influential fans, in a space where they are most receptive. But we know there is more for us to explore and iterate on. Stay tuned for more and in the meantime, be sure to chat, watch, and SHOP!" Reference Link
DOCN

Hot Stocks

12:00 EST DigitalOcean falls -17.0% - DigitalOcean is down -17.0%, or -$21.90 to $106.63.
IONQ

Hot Stocks

12:00 EST IonQ falls -17.8% - IonQ is down -17.8%, or -$4.98 to $23.03.
ASAN

Hot Stocks

12:00 EST Asana falls -18.9% - Asana is down -18.9%, or -$25.89 to $111.30.
AVYA

Hot Stocks

12:00 EST Avaya rises 19.3% - Avaya is up 19.3%, or $3.48 to $21.45.
RAAS

Hot Stocks

12:00 EST Cloopen rises 19.6% - Cloopen is up 19.6%, or 64c to $3.90.
MPLN

Hot Stocks

12:00 EST MultiPlan rises 26.1% - MultiPlan is up 26.1%, or 92c to $4.44.
BRID

Hot Stocks

11:58 EST Bridgford Foods appoints Michael Bridgford as chairman of the board - Bridgford Foods announced that effective October 30, 2021, the Board of Directors of Bridgford Foods Corporation made the following changes to principal officers of the company. The Board of Directors elected Michael Bridgford as Chairman of the Board. He succeeds William Bridgford who was elected Vice President. Michael Bridgford has most recently served as Vice President of Bridgford Foods Corporation with responsibility for the company's sales and marketing operations in the Frozen Food Products Segment. Baron Bridgford II was elected President. He succeeds John Simmons who was elected Vice President. Baron Bridgford II has most recently served as Vice President with responsibility for the company's marketing and processing operations in the Snack Food Products Segment. Chris Cole was elected Senior Vice President of Bridgford Marketing Company. Christian Quigley was elected Vice President of Bridgford Marketing Company. Allan Bridgford Sr., Vice President and Chairman of the Executive Committee retired after more than 64 years of service and will continue to provide consulting services to the company.
FISV

Hot Stocks

11:54 EST Fiserv completes acquisition of BentoBox - Fiserv announced the completion of its acquisition of BentoBox. "Closing this transaction further expands our Clover(R)dining solutions and industry-leading commerce and business management capabilities, enabling nearly 200,000 restaurants of all sizes to deliver unique and differentiating diner experiences, from quick and casual to full service," said Frank Bisignano, President and CEO of Fiserv.
QCOM

Hot Stocks

11:26 EST Qualcomm announces separation of Snapdragon brand - Qualcomm announced the separation of the Qualcomm and Snapdragon brands. Going forward, Snapdragon will be a "standalone product brand with specific ties to the Qualcomm brand where appropriate," the company announced on its website. "A new simplified and consistent naming structure for our platforms makes it easier for our customers to discover and choose devices powered by Snapdragon. This means our mobile platforms will transition to a single-digit series and generation number, aligning with other product categories - starting with our newest flagship Snapdragon 8-series platform," it added. Reference Link
OSCR

Hot Stocks

11:02 EST Oscar Health, Emory Healthcare collaborate to offer health insurance, care - Oscar Health and Emory Healthcare announced a collaboration to offer technology-connected health insurance and care at more than 250 provider locations in Georgia beginning 2022. This new collaboration brings an additional insurance coverage option to Georgians seeking care at Emory Healthcare in metro Atlanta and Columbus, Georgia. The companies said, "Through the Oscar and Emory Healthcare initiative, more Georgia consumers have access to individual and family health insurance plans, focused on innovation and ease. The clinical and insurance experience will be driven by the combination of Emory Healthcare's leading network of providers via the Emory Healthcare Network's clinically integrated offering and Oscar's consumer-centric, technology-driven, innovative approach to customer service and care navigation."
GM

Hot Stocks

11:02 EST General Motors acquires 25% ownership stake in Pure Watercraft - General Motors announced it has acquired a 25% ownership stake in Pure Watercraft, a Seattle-based company that specializes in creating all-electric boating solutions. "The collaboration between GM and Pure Watercraft advances a shared vision to promote sustainability through an expansion of zero-emissions mobility for future generations and reflects the holistic approach necessary for widespread EV adoption," GM said. "The collaboration will leverage Pure Watercraft's innovative marine propulsion technology and experience in the commercial marine industry with GM's engineering, supply chain and manufacturing capabilities. The two companies will develop and commercialize battery electric watercraft, integrating GM technology into a variety of applications, helping to accelerate the industry's transition to electric mobility. Specific product offerings that occur from the collaboration will be disclosed at a later date," GM added.
RAVN

Hot Stocks

11:01 EST Raven awarded prime contract for stratospheric balloon systems & services - Raven Industries announced that Defense Innovation Unit has awarded a contract to Aerostar Technical Solutions to provide robust high-altitude capabilities for the U.S. Department of Defense. DIU is focused on exclusively fielding and scaling commercial technology for use across the U.S. military. Through a variety of service-driven prototyping and field utility demonstration efforts, Raven Aerostar will demonstrate the utility of stratospheric balloons for a variety of DoD operational needs. The prototype project will begin with the integration of prototype communication nodes onto Raven Aerostar's Thunderhead Balloon Systems to demonstrate connectivity to the warfighter at the edge. Additional flight tests will provide integrated payloads for airborne data collection. Through this project, DIU will evaluate Raven Aerostar's stratospheric technology for transition to live military field operations.
QIPT

Hot Stocks

10:57 EST Quipt Home Medical enters LOI to acquire respiratory care company - Quipt Home Medical announced that it has executed a non-binding letter of intent dated November 22, 2021 to acquire an arm's length private respiratory care company servicing seven states throughout the U.S. reporting unaudited trailing 12-month annual revenues of approximately $14M, $1M in net income, and positive Adjusted EBITDA. The company said, "The target specializes in providing high-quality, comprehensive respiratory care to patients in the long-term care setting including ventilator management, equipment, oxygen and providing supplies. The target provides these facilities with not only the necessary clinical personnel, but also state-of-the-art respiratory tools and equipment, making it easy for them to care for patients with complex respiratory needs. The target also has a pulmonary rehabilitation service, which assists patients with an even wider variety of respiratory care issues. The target services facilities in seven states throughout the United States, four of which would be new states for Quipt. The target employs 165 remote respiratory therapists which would significantly bolster an already robust Quipt clinical team. With a mission that seeks to improve the patients' health and quality of life by providing outstanding, compassionate respiratory care and unparalleled customer service, this target matches the same passionate mission that Quipt continues to employ. The target represents a new vertical of business for Quipt, which would leverage the Company's highly successful clinical respiratory care platform serving patients in the home, into the long-term care setting. Quipt anticipates purchasing power advantages to bring down the cost of respiratory equipment, and cross selling opportunities to service additional patient needs with complimentary equipment, and supplies. The target would expand Quipt's reach, offerings, and allow for the Company to access more sales touch points, which the Company anticipates will have benefit to its current business." According to the LOI, Quipt expects to close the acquisition for $5,000,000, plus a $500,000 earn out based on certain revenue targets, payable in cash, that would immediately be accretive to Quipt's Adjusted EBITDA and net income. As part of the proposed acquisition the Company would not assume any long-term debt of the target. Closing of the acquisition is subject to final due diligence, final negotiation, and execution of a definitive purchase agreement, all closing conditions being satisfied or waived and all necessary approvals and is expected to occur within the next 90 days. The acquisition would be expected to increase Quipt's annual revenues by approximately $14M and $1M in net income before synergies. Leveraging existing infrastructure, Quipt would expect to achieve additional revenue generated from organic growth, cross selling, and corporate synergies. In Fall of 2021, the Company had initiated steps to increase its $20M credit facility to support the robust pipeline of acquisitions that it was building. The Company is now in the final stages of securing a commitment on increasing the debt facility to $100M. The primary use of this facility is to fund large acquisitions and to support working capital.
HUM

Hot Stocks

10:38 EST Humana announces value-based agreement with Allina Health in Minnesota - Humana and Allina Health announced they are expanding their existing agreement to focus on value-based care for Humana's Medicare Advantage members in Minnesota. "This multi-year agreement, which takes effect Jan. 1, 2022, is in keeping with Humana's long-standing commitment to value-based care," the company stated. Chuck Dow, VP, Humana's Medicare Regional President for Minnesota, added: "We're excited to share with Allina Health a strong commitment to providing quality care while improving patient health outcomes in Minnesota."
INTC SNOW

Hot Stocks

10:29 EST Intel, Snowflake collaborating to 'benefit mutual customers' - Intel (INTC) announced in a post to its newsroom that it welcomes Snowflake (SNOW) to the Intel Disruptor Initiative Program. "Working together, Intel and Snowflake provide customers with performance and increased flexibility across multiple public clouds with Snowflake's Data Cloud using Intel Xeon Scalable processors and Intel Xeon-based cloud instances... Working together, Intel's team is looking broadly across Snowflake's product capabilities that benefit mutual customers. As part of testing and proof-of-concept efforts, Intel teams are delivering improvements to Snowflake's search engine optimization when used to search semi-structured data like JSON. Moreover, Intel has delivered improvements in the balance between data ingestion and query performance; for example, Intel reduced certain query times from 7 minutes to 10 second," Intel said. "Collaborating together, Intel and Snowflake provide optimal performance to our joint customers. For us, that's the goal. Whatever we can do to improve our price-performance will benefit our end customers, and it's great to collaborate with Intel to accomplish just that," added Justin Fitzhugh, vice president of Cloud Engineering at Snowflake. Reference Link
LEE

Hot Stocks

10:27 EST Alden Global Capital offers to acquire Lee Enterprises for $24.00 per share - Alden Global Capital sent the following letter to the Board of Directors of Lee Enterprises: "Alden Global Capital is a significant investor in American newspapers, with platforms including MediaNews Group, Inc. and Tribune Publishing Company that are committed to ensuring communities nationwide have access to robust, independently minded local journalism. Our goal is to provide valued news and information to local subscribers nationwide, led by a talented team of seasoned newspaper executives who have worked in journalism for an average of more than 30 years. Our newspapers include The Chicago Tribune, The Denver Post, The Mercury News, The New York Daily News, The Orange County Register, The Boston Herald, The Baltimore Sun and other leading newspapers across the U.S. As you are aware, an affiliated entity of ours owns approximately 6% of the issued and outstanding common stock of Lee Enterprises, Incorporated. We believe that as a private company and part of our successful nationwide platforms, Lee would be in a stronger position to maximize its resources and realize strategic value that enhances its operations and supports its employees in their important work serving local communities. Our interest in Lee is a reaffirmation of our substantial commitment to the newspaper industry and our desire to support local newspapers over the long term. Accordingly, we propose to purchase Lee for $24.00 per share in cash, representing a substantial premium of approximately 30% to Lee's closing share price of $18.49 on November 19th, 2021. We have the ability to fully finance this all-cash proposal and the definitive merger agreement will not include a financing condition. We have engaged an experienced team of advisors, including Moelis & Company as financial advisor as well as Akin Gump Strauss Hauer & Feld LLP and Olshan Frome Wolosky LLP as legal counsel, and have conducted a comprehensive review of publicly available information about Lee. Based on our review of this information and in consultation with our counsel, we do not believe any material regulatory issues would inhibit the completion of this transaction in a timely manner. The foregoing indicative terms are based solely on our review of publicly available information, are subject to completion of our due diligence and execution of definitive documentation acceptable to us and we reserve the right to withdraw or modify our proposal in any manner. Following the review of targeted additional information pursuant to a mutually acceptable nondisclosure agreement, we expect that we would complete our work, including negotiation of definitive documentation, in approximately four weeks. We are keenly interested in working constructively with the Lee Board of Directors, with the goal of getting to a successful transaction with value, speed and certainty. Scale is critical for newspapers to ensure necessary staffing and in order to thrive in this challenging environment where print advertising continues to decline and back office operations and legacy public company functions remain bloated, thus depriving newsrooms of resources that are best used serving readers with relevant, trustworthy and engaging content. We hope that the Board will work with us to maximize value and opportunities for all Lee stockholders and employees, and we look forward to receiving a response to this non-binding proposal in an expeditious manner."
GE

Hot Stocks

10:06 EST Counties Energy selects GE Digital's Advanced Distribution Management System - GE Digital announced that Counties Energy will implement GE Digital's Advanced Distribution Management System as part of its Digital Utility transformation program. The ADMS solution in combination with the utility's existing implementation of GE Digital's Smallworld Electric Office, a network-based Geographic Information System, will drive greater reliability, resiliency and flexibility for its network assets through richer multi-source data. The combination of the two platforms will enable smarter, sustainable, and innovative energy services and solutions that deliver better customer experiences, operational efficiencies, and the ability to manage growth intelligently, ultimately shaping a future-proofed energy platform.
PENN

Hot Stocks

10:04 EST Penn National set to open Hollywood Casino Morgantown on December 22 - Penn National Gaming announced that it expects to open Hollywood Casino Morgantown to the public on Wednesday, December 22nd, at Noon, pending final regulatory approvals. Hollywood Casino Morgantown is conveniently located at the intersections of three major roadways: the Pennsylvania Turnpike, I-176, and the Morgantown Expressway. The Morgantown Category 4 casino represents Penn National's fourth facility in Pennsylvania, joining Hollywood Casino at Penn National Race Course in Grantville, Hollywood Casino at the Meadows in Washington and Hollywood Casino York, which opened in August.
BKKT

Hot Stocks

10:00 EST Bakkt falls -8.7% - Bakkt is down -8.7%, or -$1.72 to $18.00.
DOCN

Hot Stocks

10:00 EST DigitalOcean falls -10.1% - DigitalOcean is down -10.1%, or -$12.97 to $115.56.
GHLD

Hot Stocks

10:00 EST Guild Holdings falls -12.9% - Guild Holdings is down -12.9%, or -$1.92 to $13.03.
AVYA

Hot Stocks

10:00 EST Avaya rises 12.7% - Avaya is up 12.7%, or $2.29 to $20.27.
SQM

Hot Stocks

10:00 EST SQM rises 13.1% - SQM is up 13.1%, or $8.21 to $70.88.
ITCB

Hot Stocks

10:00 EST Itau Corpbanca rises 14.2% - Itau Corpbanca is up 14.2%, or 43c to $3.45.
JNUG

Hot Stocks

09:47 EST Direxion Daily Jr Gld Mnrs Bull 3X Shrs falls -6.9% - Direxion Daily Jr Gld Mnrs Bull 3X Shrs is down -6.9%, or -$5.19 to $70.12.
DOCN

Hot Stocks

09:47 EST DigitalOcean falls -8.1% - DigitalOcean is down -8.1%, or -$10.36 to $118.17.
RUSL

Hot Stocks

09:47 EST Direxion Daily Russia Bull 3X Shares falls -8.6% - Direxion Daily Russia Bull 3X Shares is down -8.6%, or -$2.65 to $28.32.
ENIA

Hot Stocks

09:47 EST Enel Americas rises 11.5% - Enel Americas is up 11.5%, or 65c to $6.30.
ITCB

Hot Stocks

09:47 EST Itau Corpbanca rises 13.2% - Itau Corpbanca is up 13.2%, or 40c to $3.42.
NC

Hot Stocks

09:47 EST Nacco Industries rises 13.8% - Nacco Industries is up 13.8%, or $4.24 to $34.87.
DAR

Hot Stocks

09:44 EST Darling Ingredients' Rousselot announces continued collaboration with Papendal - Rousselot is pleased to announce its continued collaboration with Papendal, the Olympic Training Center and the largest national facility for elite sports and education in the Netherlands. Rousselot and Papendal began collaborating on various R&D projects relating to sports nutrition in 2015. The collaboration evolved further in 2019, with Rousselot becoming Papendal's official supplier of collagen peptides, providing Dutch athletes with high quality nutritional support. In addition to continuing their partnership, Rousselot will also supply Papendal's Olympic and Paralympic athletes with Peptan as they prepare for the Paris 2024 summer games.
AUPH

Hot Stocks

09:42 EST Aurinia sinks with buyout speculation seen as 'past its expiration' - Shares of Aurinia Pharmaceuticals are falling after the company late Friday filed a prospectus agreement to sell shares. Aurinia also entered a sales agreement, which covers the offering, issuance and sale of up to a maximum aggregate offering price of $250M of common shares that may be issued and sold from time to time under a controlled equity offering sales agreement with Cantor Fitzgerald. Following the news, STAT's Adam Feuerstein tweeted that Aurinia's "buyout speculation looks well past its expiration date." Aurinia Pharmaceuticals shares are down 18% to $23.25 in early trading.
AYRWF

Hot Stocks

09:40 EST Ayr Wellness unveils new corporate brand identity, retail, CPG brand portfolio - Ayr Wellness unveiled a new corporate identity to better reflect the Company's vision to be a force for good that inspires lasting positive change, while investing in its mission to become the largest, most trusted U.S. producer of high-quality cannabis at scale. Ayr's purpose to cultivate wellness and create wonder is rooted in its goal to enrich the lives of its customers, communities and colleagues by establishing a standard and culture of excellence across its organization. As part of its strategic vision, the Company also announced a national retail concept and curated CPG brand portfolio designed to meet customer needs across every cannabis product category: flower, concentrates, edibles, beverages, and vapes. The Company also announced plans to begin converting its 65 dispensaries nationwide to the "AYR" brand in early 2022, with the first being its flagship location in Boston. A more detailed look at the Ayr retail brand can be found in the Company's latest investor presentation. The Company's updated CPG portfolio will be led by four national power brands, representing the highest of quality across leading market categories for current and future consumers, and six core brands to offer variety in form, dose and experience. These core brands are designed to address a large audience in those same power categories, but in a much broader fashion.
GDDY

Hot Stocks

09:34 EST GoDaddy announces security incident affecting up to 1.2M WordPress customers - In a blog post and regulatory filing, GoDaddy stated: "On November 17, 2021, we discovered unauthorized third-party access to our Managed WordPress hosting environment. Here is the background on what happened and the steps we took, and are taking, in response: We identified suspicious activity in our Managed WordPress hosting environment and immediately began an investigation with the help of an IT forensics firm and contacted law enforcement. Using a compromised password, an unauthorized third party accessed the provisioning system in our legacy code base for Managed WordPress. Upon identifying this incident, we immediately blocked the unauthorized third party from our system. Our investigation is ongoing, but we have determined that, beginning on September 6, 2021, the unauthorized third party used the vulnerability to gain access to the following customer information: Up to 1.2 million active and inactive Managed WordPress customers had their email address and customer number exposed. The exposure of email addresses presents risk of phishing attacks; The original WordPress Admin password that was set at the time of provisioning was exposed. If those credentials were still in use, we reset those passwords; For active customers, sFTP and database usernames and passwords were exposed. We reset both passwords; For a subset of active customers, the SSL private key was exposed. We are in the process of issuing and installing new certificates for those customers. Our investigation is ongoing and we are contacting all impacted customers directly with specific details... We are sincerely sorry for this incident and the concern it causes for our customers. We, GoDaddy leadership and employees, take our responsibility to protect our customers' data very seriously and never want to let them down. We will learn from this incident and are already taking steps to strengthen our provisioning system with additional layers of protection."
TWNK KMB

Hot Stocks

09:31 EST Hostess Brands names Arist Mastorides chief customer officer - Hostess Brands (TWNK) announced that consumer packaged goods veteran Arist Mastorides will join the company as its Chief Customer Officer on January 10, 2022. In this capacity, Mastorides will be responsible for global sales, customer engagement and experience programs, as well as leading the company's category insights and the enterprise activation teams. As Chief Customer Officer, Mastorides will lead the continued acceleration of Hostess Brands' customer and shopper based capabilities while partnering with internal functions to deliver the company's strategic growth plans to maximize long-term value creation, the company said in a statement. Mastorides will join Hostess Brands from Kimberly Clark (KMB), where he served as President of the North American Family Care division.
LIXT

Hot Stocks

09:28 EST Lixte Biotechnology says enrollment resumes in NCI trial of LB-100 - Lixte Biotechnology Holdings announced that the National Cancer Institute has resumed enrolling patients into their pharmacologic study of the ability of Lixte's lead compound, LB-100, to enter the brain and penetrate recurrent, malignant brain tumors, in patients where surgical removal of their cancer is indicated. After enrolling two patients in the study, enrollment was suspended in 2020 due to COVID-19 restrictions. Those restrictions have now been lifted and patient recruitment has resumed. Up to 20 patients may be enrolled to obtain 8 evaluable subjects. A two-stage design will be used. Five patients will be initially treated. If at least 1 of 5 demonstrates the presence of LB-100 in tumor tissue, 3 additional subjects will be enrolled. If at least 2 of the 8 patients demonstrate LB-100 in tumor tissue, the study will be considered significant providing further support for studying if the addition of LB-100 to standard treatment regimens for malignant brain tumors improves outcomes. This study is being conducted by the National Cancer Institute under a Cooperative Research and Development Agreement with Lixte.
RDS.A

Hot Stocks

09:26 EST Shell International Finance announces notice of redemption of Guaranteed Notes - Shell International Finance announced that it has sent a notice of redemption in respect of the $1B outstanding principal amount of the Issuer's 2.375% Guaranteed Notes due 2022, the $1B outstanding principal amount of the Issuer's 2.250% Guaranteed Notes due 2023, the $1B outstanding principal amount of the Issuer's 3.400% Guaranteed Notes due 2023 and the $1.5B outstanding principal amount of the Issuer's 2.375% Guaranteed Notes due 2025. The redemption date will be December 22, 2021. In accordance with the terms and conditions set forth in the Notes and the indenture governing the Notes, the Notes will be redeemed at a redemption price equal to the greater of 100% of the principal amount of the Notes being redeemed and the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed discounted to the Redemption Date of redemption on a semiannual basis at the applicable Treasury Rate plus 15 basis points in the case of the 2.375% Notes due 2022, 10 basis points in the case of the 2.250% Notes due 2023, 12 basis points in the case of the 3.400% Notes due 2023 and 35 basis points in the case of the 2.375% Notes due 2025, plus, in each case, accrued but unpaid interest on the principal amount being redeemed to the Redemption Date.
XFLS

Hot Stocks

09:21 EST XFuels renegotiates convertible debenture - On October 12th, 2021, Xfuels announced that CEO Mike McLaren has elected to convert his convertible promissory note of $1.3M into 125M shares of restricted common stock. After further consideration, Mr. McLaren has since elected to rescind that decision and renegotiate the convertible note to a fixed interested bearing secured instrument without a conversion option. This renegotiation of the note will still eliminate $1,468,638 of derivative liability from Xfuels' balance sheet.
DSX

Hot Stocks

09:20 EST Diana Shipping commences self tender offer to purchase shares - Diana Shipping announced the commencement of a tender offer to purchase up to 3,529,411 shares, or about 4.0%, of its outstanding common stock, using funds available from cash and cash equivalents on hand at a price of $4.25 per share. The tender offer will expire at the end of the day, 5:00 P.M., Eastern Time, on December 21, 2021, unless extended or withdrawn. The Board of Directors determined that it is in the Company's best interest to repurchase shares at this time given Diana Shipping's cash position and stock price. The tender offer is not conditioned upon any minimum number of shares being tendered; however, the tender offer is subject to a number of other terms and conditions, including without limitation the completion of the Company's previously announced spin-off of OceanPal Inc. Shareholders that tender their shares in the tender offer and do not otherwise transfer their shares prior to the spin-off distribution date will receive OceanPal Inc. common shares in accordance with the terms of the spin-off transaction. Specific instructions and an explanation of the terms and conditions of the tender offer are contained in the Offer to Purchase and related materials that are being mailed to shareholders.
CPXWF

Hot Stocks

09:20 EST Capital Power to highlight decarbonization focus at Investor Day - Capital Power Corporation will host its 13th annual Investor Day event virtually on December 2, 2021. Members of the executive leadership team will present on various topics including execution of the company's strategy, maximizing asset value in operations, growth opportunities and market outlook, environmental, social, governance initiatives, and 2022 corporate and financial targets.
TBK

Hot Stocks

09:19 EST Triumph Bancorp appoints Renee Galitis as CIO - Triumph Bancorp announced the appointment of Renee Galitis as chief information officer. In her role, Galitis will execute the information technology strategy driving innovation and operational excellence for the company. She will provide direction and oversight for the IT and information security teams, leading existing and emerging technology initiatives. Galitis comes to Triumph with a successful track record of working for high-growth financial service companies. Most recently, she served as EVP, Chief Information Officer with Caliber Home Loans.
MTTR

Hot Stocks

09:17 EST Matterport announces completion of SOC 2 Type II Audit - Matterport announced it has successfully completed a SOC 2 Type II Service Organization Control audit for its platform and services. Performed by independent Certified Public Accountant firm, Frank, Rimerman + Co. LLP, the audit provides an objective evaluation of the effectiveness of controls involving operations and compliance at Matterport. Created by the American Institute of Certified Public Accountants, SOC2 is a reporting framework that sets benchmarks for managing customer data. The completion of the SOC 2 Type II audit attests Matterport's commitments to maintaining proper security, availability, and operational controls are in place for managing its spatial data platform and services.
AMPE

Hot Stocks

09:16 EST Ampio CEO Mike Macaluso to take one-year medical leave of absence - Ampio Pharmaceuticals announced that Mike Macaluso is taking a one-year medical leave of absence from his role as Chairman and CEO, effective immediately. This announcement follows Macaluso's disclosure in October, 2021, that he was undergoing medical treatment. Ampio Board member Michael Martino has been appointed as Interim Chairman of the Board of Directors and CEO, effective immediately. Holli Cherevka continues in her role as President and COO. Michael Martino joined the Ampio Board of Directors in October 2021. He has extensive experience in the life sciences, spanning a 35-year career. He previously served in the capacity as acting CEO and Director of HemaFlo Therapeutics, a start-up developing a novel therapy for Acute Kidney Injury, and serves on the board of Caravan Biologix, a start-up developing novel drugs, primarily for oncology.
ADTX

Hot Stocks

09:11 EST Aditx Therapeutics announces 1st national agency to deploy AditxtScore - Aditxt announced that the Johnson County Sherriff's Office, the largest law enforcement agency in the State of Kansas with over 700 employees, will become the first agency in the Nation to deploy AditxtScore for assessing the immune status for COVID-19 in its employees. AditxtScore is an immune monitoring platform which provides a personalized and comprehensive profile of the immune system. AditxtScore for COVID-19 helps to answer the growing need for a personalized approach to combating the pandemic. AditxtScore further differentiates itself by quantitatively measuring the strength of an individual's immune response to the novel coronavirus with high precision, helping patients and their providers make informed decisions for a proper course of action. Sheriff Calvin Hayden commented, "If an individual's antibodies are low, they may decide to get the vaccine or a booster. Alternatively, if their antibodies are high, either due to natural infection or from the vaccine, it may be best for them to wait on the booster. With their AditxtScore , they will finally have the information to guide these important health decisions - information they do not currently have. Informed individuals are empowered to make healthy decisions." He added, "The Johnson County Sheriff's Office has done a stellar job of managing COVID-19. We haven't skipped a beat in the services we've provided, and the AditxtScore( immune profile takes it to the next level." "AditxtScore provides meaningful information to help understand one's personal immune response to COVID-19 and not just that of the population collectively," said Amro Albanna, Co-founder and Chief Executive Officer of Aditxt. Aditxt's immune monitoring platform is a pioneering approach to the health of our immune system. "
MYSZ

Hot Stocks

09:09 EST My Size announces agreement with GANT Turkey clothing retailer - MySize announced an agreement with GANT Turkey clothing retailer. GANT Turkey has agreed to offer the innovative MySize measurement application to its online shoppers on its e-commerce site. GANT was founded in the college town of New Haven, Connecticut in 1949.
WWE

Hot Stocks

09:09 EST WWE, Special Olympics expand global partnership - Special Olympics and WWE announced a multi-year extension of their global partnership to help create inclusion through sports. WWE will continue to support Special Olympics Unified Sports, which brings together people with and without intellectual disabilities on the same team. It was inspired by a simple principle: training together and playing together is a quick path to friendship and understanding. WWE Superstars will continue to engage with Special Olympics athletes all around the globe through Unified Sports. Over the past few years, WWE Superstars have participated in Unified soccer in Italy, Unified flag football in Arizona, Unified bocce in Las Vegas, Unified soccer in UAE along with several other events, panels, and leadership conferences. Superstars have also reached out to Special Olympics athletes to encourage them in training and to congratulate them for achievements.
NICE

Hot Stocks

09:08 EST Nice collaborates with First Orion, provides Branded Calling solutions - First Orion announced it has partnered with NICE, the provider of customer experience platform CXone, to deliver Branded Calling solutions and support STIR/SHAKEN call authentication for NICE CXone enterprise customers. Companies on the NICE CXone platform can offer a secure, verified outbound phone call indicating who they are and the reason for calling. The transparency offered through a branded call empowers consumers to make an informed decision on whether they wish to engage the caller - a significant step forward in helping restore consumers' trust in their phones. "Our goal is to help companies build long-term relationships with their customers by powering exceptional interactions and service," said Paul Jarman, NICE CXone CEO. "This collaboration with First Orion allows our enterprise customers to deliver trusted, informed digital call communications that improve customer and agent experiences, reduce call center attrition, and increases productivity and revenues."
BAESY

Hot Stocks

09:08 EST U.S. Army names BAE Systems prime on $2.4B cyber security support contract - The U.S. Army has selected BAE Systems to serve as a prime contractor on Lot 1 of the 10-year, $2.4B National Cyber Range Complex Event Planning, Operations, and Support hybrid contract. Under this indefinite delivery, indefinite quantity multiple award contract, the company will compete for orders in cybersecurity integration, range support services, systems testing, and training personnel. We look forward to harnessing our digital engineering expertise in integration and testing holistic cyber range environments, as well as training warfighters to operate in highly complex, challenging environments," said Lisa Hand, vice president and general manager of BAE Systems' Integrated Defense Solutions business. "Our experience in weapon systems, cyber-hardening, cybersecurity, and risk mitigation applications will better prepare warfighters for the future battlefield."
CVS

Hot Stocks

09:07 EST CVS Health to invest $7.7M in affordable housing in tampa - CVS Health announced it will invest $7.7M with Raymond James Tax Credits Funds to build a 61-unit multifamily apartment home development called Uptown Sky for families in Tampa. This investment is part of the company's commitment to address racial inequity and social determinants of health in underserved communities.
NCLH

Hot Stocks

09:06 EST Norwegian Cruise Line completes balance sheet optimization transactions - Norwegian Cruise Line announced that it has closed on a series of related balance sheet and cash flow optimization transactions initiated last week. The net result of these strategic transactions is "significantly favorable for the Company and its shareholders as it reduces annual interest expense, lowers leverage, extends the Company's debt maturity profile and increases its liquidity," the company said. A benefit of these related transactions is that assuming the newly issued 1.125% exchangeable senior notes due 2027 are settled entirely in cash, at the Company's election, the Company will benefit from a net reduction in its diluted shares outstanding of approximately 5.2M shares. "The completion of these balance sheet and cash flow optimization transactions represents an important milestone for our Company as we have now taken the first significant step forward in executing on our post-crisis financial recovery plan," said Mark Kempa, Executive Vice President and Chief Financial Officer of Norwegian Cruise Line Holdings Ltd. "We are focused on maximizing value for all of our key stakeholders and we believe this transaction delivers long-term benefits from multiple perspectives by reducing our annual interest expense, reducing our outstanding debt, extending our debt maturities and increasing liquidity, all while providing additional flexibility to limit future shareholder dilution. While our ability to clearly and fully communicate the significant and expected multiple benefits of these transactions to our valued shareholders was limited by contractual and legal restrictions prior to completion of these transactions, we are pleased to now be able to convey the highlights of the transactions to our various stakeholders."
AON

Hot Stocks

09:06 EST Aon plc names Jillian Slyfield as Chief Innovation Officer - Aon plc announced the appointment of Jillian Slyfield as the firm's Chief Innovation Officer, effective Dec. 1. Slyfield, who is based in San Francisco, will report to Aon CEO Greg Case and join the Aon Executive Committee, which is responsible for executing on the firm's Aon United Blueprint. Slyfield joined Aon in 2015 and most recently served as Aon's Digital Economy Practice Leader. With this transition, Slyfield assumes the responsibilities of Tony Goland, who will retire at the end of 2021 after a distinguished career at Aon.
NOK

Hot Stocks

09:05 EST Nokia upgrades Guadalajara 5G lab to test new use cases - Nokia announced that it has upgraded its 5G testing lab located in Guadalajara, Mexico to support testing across new uses cases. The facility will enable the testing of new 5G products, as well as support growing sales and supply chain operations in the region. Nokia's Guadalajara Lab began operations in 2017 and develops and executes a wide range of tests for Nokia hardware solutions, such as radio frequency testing for 3G, 4G and 5G networks. It also includes additional testing for product change notification, chamber thermal testing, mechanical analysis, mechanical first article inspection, mechanical testing, digital data analysis and power supply analysis and realistic performance monitoring. Having received significant investment over the past five years, the lab works closely with Nokia's design facilities in Dallas, Texas and Naperville, Illinois, USA.
HPQ

Hot Stocks

09:05 EST HP Inc. announces IWCO chooses HP PageWide Web Presses - HP announced a strategic agreement for the supply of a fleet of HP PageWide Web Presses to drive the market for data-driven marketing communications solutions. The multi-million-dollar investment by IWCO Direct in seven high-volume HP PageWide Web Presses is the cornerstone of a $50M investment being made by the company to continue to grow their performance marketing business using primarily HP digital printing by 2023. The presses deliver inkjet color quality and speed for a wide range of direct mail applications across a broad range of substrates such as letters, postcards, catalogs, and folded mailers. IWCO Direct, headquartered in Chanhassen, Minnesota, has been adapting its direct marketing business amid the pandemic in response to a shift to targeted marketing based on online ecommerce intelligence. The presses, including the 42-inch HP PageWide T490 HD and 22-inch T250 HD models, are being installed over the next year in the company's facilities in Chanhassen, Minnesota and Hamburg, Pennsylvania.
UBER

Hot Stocks

09:05 EST Uber Canada, Tokyo Smoke announce exclusive partnership - Tokyo Smoke, a cannabis retailer, and Uber Canada have announced an exclusive partnership to provide a new way to order cannabis in Ontario. Beginning immediately, Uber Eats has created a dedicated section on its digital marketplace for Tokyo Smoke's virtual stores. Consumers can place orders from Tokyo Smoke's flower collection and unique accessories on the Uber Eats app, and then pick up their purchase at the respective Tokyo Smoke stores. This is an innovative arrangement between Uber Eats and Tokyo Smoke, which is the first cannabis merchant to list itself using the Uber Eats software, across Uber's global business. Online ordering and pickup using Uber Eats is an innovative, new way for Canadian adults to conveniently and safely purchase legal cannabis. All orders will be fulfilled within an hour of the order being placed, so consumers are able to receive their items quickly.
GCI

Hot Stocks

09:05 EST Gannett to auction NFTs in collaboration with Peter Tunney - Gannett announced it will auction Non-Fungible Tokens, or NFTs, in collaboration with American contemporary artist Peter Tunney. The highest bidder of the "LIBERTY" NFT will also receive the original painting created exclusively for Gannett by Peter Tunney. The auction will be hosted on OpenSea, the first and largest marketplace for NFTs. This is Gannett's second NFT auction following its inaugural First Newspaper Delivered to the Moon collection which went to auction in June.
LTRN

Hot Stocks

09:03 EST Lantern Pharma approves $7M share repurchase program - Lantern Pharma announced that its board of directors has authorized a share repurchase program to acquire up to $7M of the Company's common stock. The Company may purchase common stock on the open market, through privately negotiated transactions, or otherwise, in compliance with the rules of the SEC and other applicable legal requirements. As of September 30 the Company had approximately $73.8M of cash, cash equivalents and marketable securities. The Company had approximately 11.2M shares of common stock outstanding as of October 29.
DSX

Hot Stocks

09:02 EST Diana Shipping announces time charter contracts - Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte, Singapore, for one of its Post-Panamax dry bulk vessels, the m/v Alcmene. The gross charter rate is US$17,100 per day, minus a 5% commission paid to third parties, for a time charter period until minimum December 20, 2022 up to maximum March 5, 2023. The charter is expected to commence on November 24, 2021. The "Alcmene" is a 93,193 dwt Post-Panamax dry bulk vessel built in 2010. The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v G. P. Zafirakis. The gross charter rate is US$22,750 per day, minus a 4.75% commission paid to third parties, for a period until minimum November 1, 2022 up to December 31, 2022. The charter is expected to commence on December 3, 2021. The m/v G. P. Zafirakis is currently chartered, as previously announced, to Koch Shipping Pte. Ltd., Singapore, at a gross charter rate of US$13,200 per day, minus a 5% commission paid to third parties. The "G. P. Zafirakis" is a 179,492 dwt Capesize dry bulk vessel built in 2014. In addition, the Company announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Panamax dry bulk vessels, the m/v Ismene. The gross charter rate is US$18,500 per day, minus a 4.75% commission paid to third parties, for a a time charter period until minimum December 15, 2022 up to maximum February 15, 2023. The charter is expected to commence tomorrow. The m/v Ismene is currently chartered, as previously announced, to Tongli Shipping Pte. Ltd., at a gross charter rate of US$16,500 per day, minus a 5% commission paid to third parties. The "Ismene" is a 77,901 dwt Panamax dry bulk vessel built in 2013. The employments of "Alcmene", "G. P. Zafirakis" and "Ismene" are anticipated to generate approximately $21.13M of gross revenue for the minimum scheduled period of the time charters. Diana Shipping Inc.'s fleet currently consists of 36 dry bulk vessels. The Company also expects to take delivery of one Kamsarmax dry bulk vessel by the end of February 2022.
GLDD

Hot Stocks

09:02 EST Great Lakes Dredge receives $92.5M dredging contract - Great Lakes Dredge & Dock Corporation announced the signing of a $92.5M dredging contract for the Houston Ship Channel Widening and Improvement Project 11. This is the first phase of the extensive, multi-phase Houston Ship Channel billion-dollar expansion and deepening program. Dredging is expected to commence in the first quarter of 2022 with estimated completion in the fourth quarter of 2022.
OTEX ZIXI

Hot Stocks

09:01 EST OpenText commences tender offer for Zix - OpenText (OTEX) announced that it has commenced its previously announced tender offer for all outstanding shares of common stock of Zix Corporation (ZIXI) at a price of U.S. $8.50 per share, through its subsidiary, Zeta Merger Sub Inc. The tender offer is being made in connection with the Agreement and Plan of Merger, dated as of November 7, 2021, by and among OpenText, Zeta Merger Sub Inc. and Zix, which OpenText and Zix announced on November 8, 2021. The Zix board of directors has unanimously determined that the tender offer is advisable and fair to and in the best interests of Zix and its stockholders and unanimously resolved to recommend that the stockholders of Zix accept the tender offer and tender their shares pursuant to the tender offer. The tender offer is scheduled to expire at one minute after 11:59 PM, Eastern time, on Monday, December 20, 2021, unless the offer is extended or earlier terminated.
AVNW

Hot Stocks

09:01 EST Aviat Networks approves $10M stock repurchase program - Aviat Networks announced that its Board of Directors has authorized a stock repurchase program. Under the program, Aviat Networks may purchase up to $10M of its outstanding common stock. This program is in addition to our previous $7.5M stock buyback program for which funds have been exhausted. The Company may choose to suspend or discontinue the repurchase program at any time. The repurchase program does not obligate the Company to purchase any number of shares.
ZEAL

Hot Stocks

09:01 EST Zealand Pharma announces results from Phase 1b trial with dapiglutide - Zealand Pharma announces results from its Phase 1b multiple ascending dose trial with dapiglutide. In this randomized, double-blind, placebo-controlled, multiple ascending dose trial, four cohorts of 10 healthy subjects were allocated to 4 different dose levels, randomized to either 4 weekly doses of dapiglutide or placebo. The objective of the trial was to evaluate the safety and tolerability of multiple doses of dapiglutide. Additionally, the pharmacokinectics and pharmacodynamics of dapiglutide were assessed during this trial. Treatment with dapiglutide was associated with higher rates of gastrointestinal symptoms at the highest doses, with side effects being in line with what was observed in Phase 1a. No subjects withdrew from the study and overall, dapiglutide was assessed to be safe and well tolerated in the study. Dapiglutide displayed a linear dose-response for the pharmacokinetics parameters with a half-life of approximately 120 hours giving the possibility for once weekly dosing. For pharmacodynamics, a dose-response relationship was found for several biomarkers suggesting that clinically relevant exposures of dapiglutide were achieved in the study.
CBWTF

Hot Stocks

08:58 EST Auxly Cannabis acquires 100% ownership of Sunens Farms - Auxly Cannabis Group announced that it has acquired 100% ownership of Sunens Farms. Pursuant to a share purchase agreement between Auxly and Peter Quiring, the Company acquired all the issued and outstanding securities of Sunens not already owned by Auxly. Concurrent with the Acquisition, Sunens and the Company have amended and restated Sunens' secured credit facility that was entered into in September 2019 underwritten by a syndicate of lenders led by the Bank of Montreal, bringing the total principal indebtedness thereunder to $62.5M. Auxly acquired all of the issued and outstanding securities of Sunens not already owned by Auxly from Peter Quiring for consideration of: $1.6M comprised of $500,000 in cash and $1.1M in Auxly common shares; a $3.4M unsecured promissory note payable over 30 months in equal monthly installments with the first payment due 12 months after the date of closing; and the transfer of certain non-core assets of Sunens. Concurrent with the Acquisition, Sunens has entered into an Amended and Restated Credit Facility with the following terms: An immediate cash payment by Auxly of $15M applied to the outstanding principal balance of the revolving credit facility, bringing the outstanding principal amount thereunder to $62.5M; Extension of the maturity date by a year to September 30, 2023, with an option for Sunens to extend for an additional year by making a further principal repayment of $5M by December 31, 2022; and The obligations of Sunens under the Amended and Restated Credit Facility continue to be supported by an unsecured $33M limited recourse guarantee by Auxly, and a pledge by the Company of all of its securities of Sunens with new revenue and EBITDA covenants. The Company will immediately begin integrating Sunens' proven cultivation capabilities, giving Auxly the competitive advantages of scale, lower costs and surety of supply as it continues to build to leadership in 1.0 cannabis product formats following on the success of its Back Forty branded flower and pre-rolls product launches. The Acquisition will result in improvements in Auxly's blended gross margins, adjusted EBITDA and net income as Sunens continues to increase production while eliminating the reliance on Auxly's third-party cannabis purchases. The facility is fully licensed for cultivation, processing and sales under the Cannabis Act and provides the Company with operational flexibility as well as considerable additional cultivation, storage, processing and manufacturing capacity and the ability to continue scaling cultivation to meet the growing consumer demand for Auxly's branded products. The transaction provides the Company with complete control over large-scale cultivation with a proprietary genetic library consisting of more than 150 cannabis strains, empowering Auxly to tailor its products to evolving consumer preferences and support the Company's growing portfolio in both the 1.0 and 2.0 cannabis product categories.
NSP

Hot Stocks

08:53 EST Insperity declares $2 per share special dividend, expands buy-back by 1M shares - Insperity announced that its board of directors has declared a special cash dividend of $2 per share. This special dividend is in addition to the regular quarterly dividend of 45c per share. The special and quarterly cash dividends will be paid on December 20 to all stockholders of record as of December 6 . The special dividend is expected to return to shareholders approximately $77M. Insperity's board of directors also authorized an expansion of its stock repurchase program by an additional 1M shares, and as a result will have approximately 1.9 million shares available for repurchase. Purchases may be made from time to time directly from stockholders or in the open market, including through Rule 10b5-1 prearranged stock trading plans designed to facilitate Insperity's repurchase of its common stock during times it would not otherwise be in the market due to self-imposed trading blackout periods or possible possession of material nonpublic information.
BLDP...

Hot Stocks

08:51 EST Ballard Power announces collaboration project with Caterpillar and Microsoft - Ballard Power Systems (BLDP) announced that the company has launched a three-year project through a collaboration with Caterpillar (CAT) and Microsoft (MSFT) to demonstrate a power system incorporating large-format hydrogen fuel cells to produce reliable and sustainable backup power for data centers. The project is supported and partially funded by the U.S. Department of Energy, or DOE, under the H2@Scale initiative and backed by the National Renewable Energy Lab, or NREL. Ballard will provide an advanced, 1.5 MW ClearGenTM-II hydrogen fuel cell power generator.
FRG

Hot Stocks

08:48 EST Franchise Group acquires W.S. Badcock in $580M all cash transaction - Franchise Group announced that it has completed the acquisition of W.S. Badcock Corporation in an all cash transaction valued at approximately $580M Founded in 1904, W.S. Badcock Corporation operates 383 stores in eight southeastern states comprised of 68 corporate locations and 315 independent dealer owned stores. The stores are branded "Badcock Home Furniture & more" and carry a complete line of furniture, appliances, bedding, electronics, home office equipment, accessories and seasonal items. For Badcock's fiscal year end June 30, 2021, Badcock generated consolidated revenue of approximately $901.9M and Adjusted EBITDA of approximately $139.5M. Revenue and Adjusted EBITDA include financial results from all three discrete Badcock businesses. It is important to note that Franchise Group believes that Badcock's consolidated Adjusted EBITDA for its last fiscal year, benefited indirectly by up to $50 million due to its customers receiving COVID-19 related government stimulus payments in 2021. Badcock will be included in Franchise Group's financial results for about one month of fiscal year 2021 and will not have a material impact on fiscal year 2021 results. For fiscal year 2022, Franchise Group expects the Transaction will be at least $0.50 accretive to Non-GAAP EPS. Franchise Group is completing its 2022 budgeting process and will provide its 2022 financial outlook, as well as additional details regarding Badcock in the first half of December 2021. J.P. Morgan arranged for $575M in new term loans to finance the Transaction.
BLDP...

Hot Stocks

08:47 EST Ballard Power announces collaoration project with Caterpillar and Microsoft - Ballard Power Systems (BLDP) announced that the company has launched a three-year project through a collaboration with Caterpillar (CAT) and Microsoft (MSFT) to demonstrate a power system incorporating large-format hydrogen fuel cells to produce reliable and sustainable backup power for data centers. The project is supported and partially funded by the U.S. Department of Energy, or DOE, under the H2@Scale initiative and backed by the National Renewable Energy Lab, or NREL. Ballard will provide an advanced, 1.5 MW ClearGenTM-II hydrogen fuel cell power generator.
BANX

Hot Stocks

08:46 EST StoneCastle reports estimated NAV of $21.95 as of October 31 - StoneCastle Financial announced that the Company's estimated and unaudited Net Asset Value as of October 31, 2021 was $21.95. The NAV was up $0.09 from the prior month-end.
GTLL

Hot Stocks

08:45 EST Global Technologies provides update on Tersus Power's hydrogen production - Global Technologies is pleased to provide the following update on Tersus Power's hydrogen production and dispensing station. The company said, "As Tersus Power Inc. looks to roll out its first of its kind 1250Kg per day Hydrogen Production & Dispensing Station, what makes it stand above all the other hydrogen generation technologies? 1) Tersus is lowering the barrier to entry into the market by reducing the initial capital investment required to deploy a hydrogen fueling station. 2) Tersus is reducing the operational cost through intelligent engineering and design by reducing the total maintenance and feedstock requirements while greatly extending the operational life span of its modular system to over 15 years. 3) Ability to produce and dispense hydrogen onsite at a significantly lower price than any known competitor currently in the market today. 4) Onsite translates to eliminating the need and associated high expense of transporting hydrogen from offsite "refineries." 5) Utilizes "active storage" using two redundant reformation/compression systems in each Hydrogen Production & Dispensing Station. The Tersus Hydrogen Production Station looks to be a solution to the California Clean Transportation Program. Hydrogen fuel cell electric vehicles are critical to the state's goal of getting 1.5 million zero-emission vehicles on California roads by 2025. They are also a vital part of the state's work to achieve its climate change goals, improve air quality, and reduce reliance on fossil fuels. The California Energy Commission is supporting the adoption of zero-emission hydrogen fuel cell electric cars by expanding California's network of hydrogen refueling stations throughout the state. Hydrogen fuel cell electric cars have many advantages over vehicles powered by fossil fuels, including, refuel in less than five minutes at retail stations, produce water vapor, with zero tailpipe emissions and Hydrogen fuel can be sustainably produced."
ATNF

Hot Stocks

08:41 EST 180 Life Sciences expands patent portfolio - 180 Life Sciences announced that it has extended its patent portfolio with the recent grant of new patents to Yissum Research Development Company of the Hebrew University in both the US and Canada, which patents the Company has the exclusive rights to use through its license agreement with the Yissum Research Development Company of the Hebrew University. The patents relate to a method for treating chronic pain or associated conditions/symptoms with novel compositions that include certain phenyl substituted cyclohexenyl compounds related to cannabidiol, CBD; these patents have already been issued for chronic pain across Europe and validated in 14 jurisdictions, and China. Dr. James Woody, 180 Life Sciences' CEO stated, "Our priority indication is residual pain in patients with established rheumatoid arthritis, who have not responded adequately to standard of care therapies. RA is estimated to affect 1% of the global population and anti-TNF biologics have been shown in many studies to be very effective in treating joint inflammation in 60-70% of cases. However, a significant number of patients still require an alternative to what is currently available. Working through different mechanisms to commonly used anti-inflammatory RA medications, we believe that SCAs could offer a complementary therapeutic strategy for addressing the unremitting pain that disables many patients."
PHUN

Hot Stocks

08:41 EST Phunware acquires additional 398 bitcoin for $23.8M in cash - Phunware announced it has purchased an additional 398 bitcoin for approximately $23.8M in cash at an average price of approximately $59,917 per bitcoin, inclusive of fees and expenses. As of November 22, 2021, Phunware holds an aggregate of approximately 529 bitcoin, which were acquired at an aggregate purchase price of approximately $31.8M and an average purchase price of approximately $60,191 per bitcoin, inclusive of fees and expenses.
GSL

Hot Stocks

08:40 EST Global Ship Lease to raise quarterly dividend 50% to 37.5c per share - The Board of Directors has announced its intention to increase the quarterly dividend to be paid to common shareholders by 50% to 37.5c per share, with effect from the first quarter of 2022. This increased dividend represents more than triple the amount initially announced in January 2021.
PNT

Hot Stocks

08:39 EST Point Biopharma to host virtual education event - POINT Biopharma announced that it will host a virtual education event titled "The First Principles of Radiopharmaceuticals" on Monday, December 6, 2021 at 12:00 pm ET. The event will feature a presentation and a Q&A session from the Company's executive leadership team including, Dr. Joe McCann, Chief Executive Officer and Dr. Neil Fleshner, Chief Medical Officer. This event will cover the "First Principles of Radiopharmaceuticals" to educate investors, analysts, partners, and industry stakeholders on the journey From Neutron To PatientTM. Audience members will leave with a broader understanding of how radiopharmaceuticals work, their strengths and weaknesses, considerations that impact their design, as well as how they are made.
GSL

Hot Stocks

08:39 EST Global Ship Lease announces multi-year charters - Global Ship Lease announced that it has agreed new five-year time charters for the Eco 9,115 TEU Al Khor and Maira XL with a leading liner operator, to commence mid-2022 at the conclusion of their current charters. The vessels, which are currently earning $31,650 and $34,000 per day, respectively, are expected to generate aggregate Adjusted EBITDA of approximately $206M over the five-year firm period. Adjusted to include these newly signed charters, the Company's total contracted revenue increases to $1.85B. These new charter agreements, for two of GSL's most valuable and in-demand vessels, are consistent with the Company's strategy of capitalizing on the strong charter market to lock-in cashflow over a multi-year period. The agreements materially reduce open days in 2022 which are now at minimal levels, and together with the substantial increase in contracted revenue from other year-to-date charter renewals and from growth, provide additional cashflow visibility.
RSI

Hot Stocks

08:39 EST RushBet partners with LaLiga in Colombia - RushBet, the sportsbook in Colombia operated by Rush Street Interactive, has teamed up with LaLiga to become the prominent Spanish soccer league's exclusive wagering partner in Colombia. The deal enables RushBet to co-brand with the two top divisions of LaLiga - LaLiga Santander and LaLiga Smartbank. RushBet may use all LaLiga IP, including team logos and jerseys, as well as have certain LaLiga players.
FSLR

Hot Stocks

08:38 EST First Solar announces Lightsource bp, bp sign multi-year orders for modules - First Solar announced that Lightsource bp and integrated energy company bp have placed multi-year orders for up to 5.4 gigawatts, GW, combined of First Solar's advanced, ultra-low carbon thin film photovoltaic, PV, solar modules. As part of the deal, Lightsource bp and bp have placed firm orders for approximately 4.4GWDC of modules, with options for an additional 1GWDC. Lightsource bp has agreed to procure up to 4.3GWDC of modules for its US utility-scale projects, and bp will procure up to 1.1GWDC to power their projects being developed by Lightsource bp. bp acquired the projects as part of its net zero ambition and target to grow its net developed renewable generating capacity to 20GW by 2025 and 50GW by 2030. Planned deployments for both companies include projects in Arkansas, Kentucky, Ohio, Pennsylvania, and Texas. The framework agreements, the largest in First Solar's history, will provide modules scheduled to be delivered between 2023 and 2025 to support the companies' solar development pipelines in the United States. Under the agreement, First Solar has firm orders for 1.55GWDC of modules in 2023, 1.3GWDC in 2024, and 1.55GWDC in 2025. "The US solar industry is at an important inflection point where it must continue the charge towards delivering 45% of our country's electricity by 2050 while addressing the risks and uncertainty posed by increasingly volatile solar panel production, pricing, and supply," said Georges Antoun, chief commercial officer, First Solar. "This is where we come in. Our ability to help our customers manage these risks by providing long-term firm pricing and supply commitments, backed by First Solar's reputation, is a key differentiator. We're delighted that bp and Lightsource bp have placed their trust in us and our technology to help power their growth in the United States." In addition to the multi-year module sales agreement, First Solar also signed a memorandum of understanding to explore opportunities to source electricity from generation assets developed, owned and operated by Lightsource bp in Ohio, where First Solar operates the Western Hemisphere's largest solar manufacturing footprint.
MBCF

Hot Stocks

08:38 EST Itafos announces publication of inaugural ESG report - Itafos announced the publication of its inaugural environmental, social and governance report. The Company's inaugural ESG report describes the Company's progress on ESG matters to date and outlines the Company's directional goals moving forward. "We are pleased to publish our inaugural ESG report. Through this publication, we set a baseline for our corporate-wide ESG initiatives and establish a framework to measure our ESG goals and performance moving forward," said G. David Delaney, CEO of Itafos.
TGB

Hot Stocks

08:37 EST Taseko Mines receives EPA initial draft of permit for Florence Copper Project - Taseko Mines announced the US Environmental Protection Agency, or EPA, has provided the Company with an initial draft of the Underground Injection Control, or UIC, Permit for its Florence Copper Project in Arizona. Taseko's project technical team will complete a review of the permit wording within the two-week allotted timeframe, following which the EPA is expected to commence a public comment period.
ACHV

Hot Stocks

08:36 EST Achieve Life Sciences completes fifth DSMC review for Phase 3 ORCA-2 trial - Achieve Life Sciences announced the completion of the fifth and final Data Safety Monitoring Committee review for its Phase 3 ORCA-2 smoking cessation trial of cytisinicline. The DSMC concluded that there are no concerns regarding the Phase 3 study conduct and the safety and adverse event profile remains favorable. Additionally, the DSMC members commented that compliance with study medication was excellent and the study has progressed well despite the challenges of the COVID-19 pandemic. The ORCA-2 trial is designed to evaluate the smoking cessation effectiveness, safety, and tolerability of 3 mg cytisinicline taken three times daily for either 6 or 12 weeks, compared with placebo. Subjects in the trial have completed study treatment and continue to receive standard behavioral support while completing follow-up assessments through 24 weeks post randomization. Fully enrolled this July, 810 participants were randomized across the 17 clinical sites in the United States. Preliminary data is expected in the first half of 2022. "We are grateful to the DSMC members for their diligence and guidance during these reviews and are very pleased with the outcome," commented Cindy Jacobs, President and Chief Medical Officer of Achieve. "The successful safety reviews during this ORCA-2 study are important for cytisinicline, as we believe the potential safety and tolerability of cytisinicline will be a key differentiator to existing treatments. We look forward to announcing ORCA-2 topline results in the first half of 2022."
LNTH

Hot Stocks

08:35 EST Lantheus granted Transitional Pass-Through Payment Status for PYLARIFY by CMS - Lantheus announced that the Centers for Medicare & Medicaid Services, CMS, granted Transitional Pass-Through Payment Status for PYLARIFY injection effective January 1, 2022. Transitional Pass-Through Payment Status enables Medicare to provide an incremental payment for PET-CT scans done with PYLARIFY in the hospital outpatient setting. "We have been thrilled with the response to PYLARIFY in the prostate cancer community," said Mary Anne Heino, President and Chief Executive Officer of Lantheus. "PYLARIFY is a transformative diagnostic tool that identifies disease earlier and more accurately than conventional imaging, providing more information to guide treatment decisions. The granting of Transitional Pass-Through Payment Status for PYLARIFY further facilitates patient access to our game-changing PSMA-targeted imaging agent for prostate cancer."
GDP

Hot Stocks

08:35 EST Paloma Partners to acquire Goodrich Petroleum for $23.00 per share - Goodrich Petroleum announced that it has entered into a definitive merger agreement pursuant to which a subsidiary of Paloma Partners VI Holdings, an affiliate of EnCap Energy Capital Fund XI L.P., will commence a tender offer to acquire all of Goodrich's outstanding common shares for $23.00 per share in cash. The offer price in the transaction, which has been unanimously approved by Goodrich's Board of Directors, represents an approximate 7% premium to Goodrich's closing price on November 19, 2021, and a 47% premium to its year-to-date volume-weighted average price. The tender offer will be subject to customary conditions, including the tender of a majority of the outstanding Goodrich shares pursuant to the offer, and is expected to close in December 2021. The transaction is not subject to a financing condition. Paloma has secured from EnCap equity financing commitments for the entire acquisition, including assumption of debt, to complete the transaction. Upon the completion of the transaction, Goodrich will become a privately held company and shares of Goodrich common stock will no longer be listed on any public market.
CVU

Hot Stocks

08:35 EST CPI Aerostructures announces NYSE American acceptance of compliance plan - CPI Aerostructures announced that on November 19, 2021 the Company received notice from NYSE American that it has accepted the Company's plan to regain compliance with the Exchange's continued listing standards set forth in Sections 1003(a)(i) and 1003(a)(ii) of the NYSE American Company Guide and has granted a plan period through March 17, 2023, subject to periodic review by the Exchange, including quarterly monitoring, for compliance with the plan. If the Company does not comply with the continued listing standards by March 17, 2023, or if the Company does not make progress consistent with the plan during the plan period, the NYSE Regulation staff may initiate delisting proceedings as appropriate. The Company's common stock continues to trade under the symbol "CVU" with a ".BC" indicator extension to signify that the Company is currently not considered to be in compliance with the Exchange's continued listing standards. The listing of the Company's common stock on the Exchange is being continued pursuant to an extension during the plan period.
MMNFF

Hot Stocks

08:34 EST MedMen announces Michael Serruya as Chairman and Interim CEO - MedMen Enterprises announced its Board of Directors has appointed Michael Serruya as Chairman and Interim CEO, effective immediately. Serruya succeeds outgoing Chairman and CEO Tom Lynch, who held the position since 2020 and oversaw the Company's operational turnaround. Serruya joined MedMen's board in August as part of a $100M investment in the Company by Serruya Private Equity to expand its operations in key markets and identify and accelerate further growth opportunities across the United States. This, together with Tilray, Inc.'s acquisition of the majority of the outstanding senior secured convertible notes of MedMen that were originally held by certain funds affiliated with Gotham Green Partners provides MedMen with the flexibility to execute on its growth priorities and explore additional strategic opportunities. Serruya is a seasoned cannabis investor with extensive retail expertise, having previously served as CEO of Coolbrands, Eskimo Pie Tropicana "We want to thank Tom for his leadership over the past 20 months as he's led a successful and disciplined turnaround plan, which has left us well positioned for accelerated growth as MedMen 2.0," said Serruya. "Our focus now is taking this Company to the next level as we seek to leverage the strength of the MedMen brand and consumer experience in order to expand it across the United States, Canada and internationally."
MULN

Hot Stocks

08:34 EST Mullen Automotive increases reservation limit for FIVE EV to 25,000 - Mullen Automotive announces that the reservation limit for the Mullen FIVE EV Crossover has been increased to 25,000 initial reservations. The first 25,000 reservations will also receive a custom "launch" edition for vehicle trim package options. FIVE Reservations are currently open and can be made on Mullenusa.com for a refundable $100 deposit. The Mullen FIVE EV crossover debuted on the main stage of the LA Auto Show on Wednesday, Nov. 17, 2021. The company said, "Demand has been overwhelmingly high with increasing media attention and consumer interest. Vehicle reservations reached all-time highs on Saturday, Nov. 20, 2021."
AMCX

Hot Stocks

08:34 EST AMC Networks announces CFO Christina Spade to take on role of COO - AMC Network (AMCX) announced it has elevated Christina Spade, adding Chief Operating Officer, COO, responsibilities to her current role as Chief Financial Officer, CFO. In this new dual role, Spade will have operating oversight of businesses, including AMC Networks International, while continuing to lead financial operations, investor relations and global technology, for the AMC Networks portfolio of targeted streaming services and award-winning brands. Based in New York, she will continue to report to AMC Networks Interim CEO Matt Blank.
MDWT GNW

Hot Stocks

08:34 EST Midwest Holding co-CEO A. Michael Salem resigns, Georgette Nicholas succeeds - Midwest Holding (MDWT) announced that A. Michael Salem, one of the company's co-CEOs, has resigned as an officer and director and will leave the company, effective immediately. Georgette Nicholas was appointed as CEO Nicholas will continue as interim CFO until the company hires a replacement. Mike Minnich was named President and will no longer serve as Co-CEO. He will continue as the Chief Investment Officer. Independent director John Hompe was appointed as Non-Executive Chair of the Board. Nicholas brings public company experience as the previous CEO and Managing Director for Genworth Mortgage Insurance Australia, a publicly listed ASX company in Sydney, Australia along with various roles at Genworth Financial (GNW) in investor relations, and chief financial officer roles.
SFET

Hot Stocks

08:32 EST Safe-T launches new corporate, investor website - Safe-T Group is pleased to announce the launch of its brand new corporate and investor relations website. The new site is now officially available, and the URL is www.safetgroup.com. The new website reflects Safe-T Group's mission of becoming a leader in the privacy and cybersecurity software market for consumers and enterprises, and is aligned with its goals of generating greater investor transparency, engagement and shareholder value.
SMED USAK

Hot Stocks

08:32 EST Sharps Compliance appoints Gary Enzor to board of directors - Sharps Compliance (SMED) announced the appointment of Gary Enzor to its Board of Directors. He currently serves as director of Boasso Global, which operates the largest bulk liquid chemical intermodal transportation and depot network in the United States and Europe, and serves on the Board of Directors at USA Truck (USAK).
PRGO

Hot Stocks

08:32 EST Perrigo to voluntary delist from Tel Aviv Stock Exchange - Perrigo Company announced that it is taking steps to voluntarily delist the Company's ordinary shares from trading on the Tel Aviv Stock Exchange, or TASE. Perrigo is delisting its shares from the TASE after divesting its Israeli-based operations earlier this year. As such, Perrigo has requested that the TASE immediately initiate the process to delist the Company's ordinary shares. Under Israeli law, the delisting of Perrigo's ordinary shares from the TASE is expected to become effective three months after the date of the Company's request to the TASE to delist the Company's ordinary shares, which occurred on November 22. Perrigo ordinary shares will continue to be listed on the NYSE, and all of its ordinary shares now traded on the TASE are expected to be transferred to the NYSE where they can continue to be traded.
CRSP

Hot Stocks

08:31 EST Crispr Therapeutics announces FDA granted RMAT to CTX110 - CRISPR Therapeutics announced that the U.S. Food and Drug Administration, FDA, granted Regenerative Medicine Advanced Therapy, RMAT, designation to CTX110, its wholly-owned allogeneic CAR-T cell therapy targeting CD19+ B-cell malignancies. "This RMAT designation is based on the encouraging clinical data we have presented thus far, and it is an important milestone that recognizes the transformative potential of CTX110 for the treatment of hematological malignancies," said Samarth Kulkarni, Ph.D., Chief Executive Officer of CRISPR Therapeutics. "We look forward to working closely with the FDA as we continue our efforts to bring this important new therapeutic modality to patients."
HTLZF

Hot Stocks

08:30 EST Hamilton Thorne sees normalized sales growth in Q4 - Mr. Wolf added, "Our outlook for the balance of the year is positive with expected normalized sales growth in the fourth quarter which should continue for the foreseeable future. While supply chain issues have created new challenges, we believe that they are affecting all market participants and we have demonstrated our ability to navigate product shortages and extended lead times without a material impact on sales. We are planning across the board price increases in early 2022 that should address the margin impacts we had in Q3. We do repeat our caution that the resurgence of Covid-19 cases in certain parts of the world based on new variants and the supply chain issues we have discussed could impact on sales and profitability for a period of time that is difficult to predict."
JETMF

Hot Stocks

08:28 EST Global Crossing Airlines sees increase in revenue block hours in Q4 - The company said, "Looking ahead, GlobalX projects strong demand for its services and a resulting increase in revenue block hours in the fourth quarter of 2021. GlobalX will seek to continue to increase its flight activity to Cuba and the Dominican Republic, as well as flights on behalf of the US Government agencies, US-based hotel and casino operators, and for college football team clients. GlobalX is accepting delivery of three aircraft in the coming weeks and expects to have as many as 6 aircraft operating by the end of the year. This will result in an estimated 270% increase in total combined aircraft days available for sale in the fourth quarter versus third."
AKYA

Hot Stocks

08:26 EST Akoya Biosciences to host Spatial Day on December 15 - Akoya Biosciences announced that it will host an inaugural Spatial Day on December 15, 2021 at 12 p.m. ET. The program will feature Akoya speakers and experts at the forefront of this new field who will discuss how spatial biology is uniquely positioned to address challenges in discovery, translational and clinical research, where the field is headed, and Akoya's vision for the future. The company said, "Akoya is a pioneer in the rapidly emerging field of spatial phenotyping, a transformational new application that is giving unprecedented context to cell-cell interactions within tissue biology. Understanding spatial biomarker signatures within the framework of spatial phenotyping has the potential to unlock an explosion of new applications in medicine and research, such as the ability to segment patient populations based on immune interactions, development of spatial diagnostic assays, drug discovery, and design or identification of personalized therapeutic interventions. Biomarkers that predict response or resistance to drugs, based on understanding specific types and subtypes of immune cells and the ability to map their spatial distribution, are among the most advanced opportunities with spatial phenotyping."
FMCC

Hot Stocks

08:25 EST Freddie Mac issues 2022 debt funding calendar - Freddie Mac issued its 2022 funding calendar, which provides optional announcement dates for Reference Notes securities and announcement dates for Reference Bills securities. The 2022 funding calendar is available on the Debt Securities Auction page of FreddieMac.com. Reference Notes issuances and Reference Bills auctions may vary in size and frequency based on the company's funding needs or market demands. If Freddie Mac uses one of the optional Reference Notes announcement dates set forth on Freddie Mac's 2022 Funding Calendar to launch a Reference Notes issuance, Freddie Mac will announce the issuance in a press release, which will provide relevant transaction information. The company's 2022 Funding Calendar provides optional Reference Bills announcement dates. Reference Bills auctions will be optional each week on Monday mornings. If Monday is a holiday, the auction will occur on the next business day. All Reference Bills auctions will close at 9:45 a.m. Eastern time unless otherwise stated.
DNAY

Hot Stocks

08:24 EST Codex DNA, RNAimmune collaborate to optimize mRNA synthesis, delivery kits - Codex DNA and RNAimmune announced the initiation of work under a collaboration to optimize the development and validation of Codex DNA's future mRNA synthesis kits. Over the past two years, mRNA has emerged as a promising platform for the development of vaccines and therapeutics. However, robust and reliable production of mRNA remains challenging, resulting in significantly increased timelines during the critical phases of discovery and development that call for rapid iterations of construct designs for optimization. Codex DNA addresses these challenges by empowering researchers with an automated solution for their mRNA synthesis needs. Automated synthesis of mRNA from a digital sequence input reduces the build process by weeks and shrinks the iterative cycle time. RNAimmune has expertise in mRNA technology and has proprietary design, delivery, and self-amplifying platforms focused on infectious diseases, autoimmune diseases, rare disorders, and immuno-oncology. As part of this collaboration, RNAimmune scientists will use their proprietary technology to rapidly evaluate and validate Codex DNA's emerging solutions for automated synthesis and delivery of mRNA molecules with increasing complexity and functionality.
PRCH

Hot Stocks

08:23 EST Porch Group's Homeowners of America expands into Oregon - Homeowners of America , a property and casualty insurance provider and subsidiary of Porch Group, announced the launch of service in Oregon. Oregon marks HOA's 11th state of operation, advancing the scale and growing national footprint of HOA's insurance operations. "The launch of HOA in Oregon furthers the sustained growth of our competitively priced homeowners' insurance product at the national level," said Matt Ehrlichman, Porch founder, chairman, and CEO. "We are committed to serving the HOA agents and customers of Oregon as both an insurance offering and partner through their lifecycles of homeownership."
SYY

Hot Stocks

08:22 EST Sysco announces new climate goal to reduce emissions - Sysco announced it has set a climate goal to reduce emissions across its global operations and the company's entire value chain. Sysco's new science-based emissions reduction target aligns with the Paris Agreement. The company is pursuing validation of the goal by the Science-Based Targets initiative and aims to: Reduce its Scope 1 and 2 emissions by 27.5% by 2030, and Ensure that suppliers covering 67% of Sysco's Scope 3 emissions establish science-based targets by 2026. Sysco's Scope 1 and 2 reduction efforts will be achieved in part by electrifying 35% of the company's U.S. tractor fleet by 2030, equivalent to adding nearly 2,500 electric trucks to its fleet. In addition, the company will source 100% renewable electricity for its global operations by 2030. "At Sysco, we recognize and take seriously our role as a global industry leader. We understand that taking action now on climate change is important to the future of our planet and have developed an actionable, achievable plan with a clear roadmap to meaningfully reduce emissions. Over time, we believe we will be able to do more and are motivated to further our work across the value chain to quicken the pace of innovation and provide a pathway for other companies to participate in climate action," said Neil Russell, Sysco's Senior Vice President of Corporate Affairs and Chief Communications Officer, "To ensure we hold our selves accountable, our CSR strategy is now an integral part of our new business strategy, our Recipe for Growth, which is designed to advance our pace of leadership, further differentiate Sysco, create a sustainable competitive advantage and make a positive impact on the world."
TSLA

Hot Stocks

08:22 EST Musk says Tesla should launch Model S Plaid in China 'probably around March' - Elon Musk said Tesla's Model S Plaid vehicle may be launched in China early this coming spring. Responding to a question on Twitter about when the electric sedan will come to China, CEO Musk said "probably around March." Reference Link
ISOS...

Hot Stocks

08:21 EST Isos Acquisition, Bowlero announce effectiveness of registration statement - Following the release of a second consecutive quarter of results by Bowlero Corp. (BOWL), Isos Acquisition Corporation (ISOS) and Bowlero announced that Isos's registration statement on Form S-4 related to their previously announced proposed business combination has been declared effective by the U.S. Securities and Exchange Commission. The declaration of effectiveness of the Registration Statement by the SEC and the filing of the definitive proxy statement is an important step in Bowlero becoming a public traded company listed on the NYSE under the ticker symbol "BOWL" at the close of the Business Combination. Isos will hold an extraordinary general meeting of shareholders at 11:00 a.m. Eastern Time on December 14, 2021 to approve, among other things, the Business Combination with Bowlero. Shareholders of record at the close of business on November 4, 2021 will be entitled to receive notice of and to vote at the Special Meeting. The meeting will be broadcast virtually over the internet by means of a live audio webcast at https://www.cstproxy.com/isosacquisitioncorp/2021. Closing is anticipated for December 15, 2021.
SWAV

Hot Stocks

08:20 EST ShockWave Medical enrolls first patient in Disrupt BTK II post-market study - Shockwave Medical announced the start of the Disrupt BTK II post-market study to assess the safety, effectiveness and optimal clinical use of the Shockwave Peripheral IVL System for the treatment of calcified peripheral lesions below the knee, BTK, including some of the most challenging patients with critical limb ischemia, CLI. The study is expected to enroll 250 patients across 40 sites globally that will be followed for two years to assess the long-term durability of IVL in this difficult to treat patient population. The primary effectiveness endpoint of Disrupt BTK II is procedural success, defined as less than or equal to 50 percent residual stenosis for all treated target lesions without serious angiographic complications, as assessed by an independent angiographic core lab. The study will assess the absence of major adverse limb events within 30 days of the index procedure as a primary safety endpoint.
BIOC TMO

Hot Stocks

08:20 EST Biocept launches single test that distinguishes between SARS-CoV-2, influenza - Biocept (BIOC) now offers a single test that can detect and distinguish between SARS-CoV-2 and influenza, helping patients and caregivers determine appropriate treatment decisions. This new assay expands the company's COVID-19 testing program, which began in June 2020 and has now received more than 670,000 samples for processing. Biocept's combined COVID-19 and influenza testing uses a sensitive and specific RT-PCR platform to detect and distinguish between SARS-CoV-2 and influenza. Samples are collected through nasal swab and processed through Biocept's CLIA-certified, CAP-accredited laboratory with results typically within approximately 48 hours from receipt of sample, providing timely and accurate results. While Biocept continues to expand and perform COVID-19 testing services with Thermo Fisher (TMO) diagnostic platform and kits, which are FDA approved, commercialization of the co-developed AEGEA Biotechnologies COVID-19 assay will be delayed, as a result of newly announced changes to FDA requirements for laboratory-developed COVID-19 tests.
XELA

Hot Stocks

08:19 EST Exela Technologies announces new DMR relationship with LPG - Exela Technologies announced a new Digital Mailroom, DMR, relationship with LPG, a debt relief law firm for individual consumers. Exela's DMR is an end-to-end document management system that digitizes mail and other documents to create searchable, shareable digital assets that can be automatically routed to individual or group recipients, fully tracked, and made accessible via a secure web-based portal, from anywhere at any time. The DMR platform leverages Intelligent Document Processing, IDP, to significantly improve efficiency and accelerate digital transformation. DMR provides LPG with full chain of custody tracking to prove day and time of initial contact along with the scale to digitize high volumes of mail within hours of receipt. This allows LPG to address their clients' needs in a transparent and timely manner with increased competency.
KNCAY

Hot Stocks

08:19 EST Konica Minolta Healthcare Amercias launches mobile x-ray, flat panel detector - Konica Minolta Healthcare Americas announces the launch of the mKDR Xpress Mobile X-ray System and the AeroDR Carbon Flat Panel Detector, two solutions that are powerful alone yet extraordinary when used together. These new solutions reaffirm Konica Minolta's commitment to digital radiography by enabling clinicians to realize greater potential with X-ray, the most widely available diagnostic imaging modality and often the first imaging test a patient receives. Konica Minolta will introduce the mKDR Xpress Mobile X-ray System and the AeroDR Carbon Flat Panel Detector at the 2021 Annual Meeting of the Radiological Society of North America, November 28 - December 2, 2021.
HZNP

Hot Stocks

08:17 EST Horizon Therapeutics publishes new post hoc analysis of Uplizna trial - Horizon Therapeutics announced that a new post hoc analysis of the Uplizna N-MOmentum Phase 2/3 pivotal trial has been published in Multiple Sclerosis and Related Disorders showing that prior rituximab exposure did not impact the efficacy of Uplizna, and that Uplizna demonstrated comparable efficacy to trial participants without prior exposure to rituximab. Uplizna is the first and only B-cell-depleting humanized monoclonal antibody approved by the FDA for the treatment of NMOSD in adults who are anti-aquaporin-4, or AQP4, antibody positive. Uplizna is a next-generation B-cell-depleting therapy engineered for optimized efficacy and tolerability. Uplizna specifically targets and depletes CD19-expressing B cells, including plasmablasts and some plasma cells not targeted by anti-CD20 therapies like rituximab. Rituximab is not approved by the FDA for the treatment of NMOSD. This analysis assessed the efficacy and safety of Uplizna among participants who were previously treated with rituximab to determine any impact of prior treatment on rates of adjudicated attacks, secondary efficacy outcomes and treatment-emergent adverse events. Of the 17 participants who had previously been treated with rituximab, 13 were randomly assigned to the Uplizna treatment group. Notably, all seven participants who had pre-study attacks despite rituximab use did not experience any attacks after being treated with Uplizna. Overall, 92% of participants previously treated with rituximab did not experience an NMOSD attack while being treated with Uplizna during the randomized-controlled period of N-MOmentum and remained attack-free through the open-label extension period. Annualized attack rate reduced to 0.08 attacks per person year after the first administration of Uplizna, similar to recipients without prior rituximab exposure. Two participants previously treated with rituximab each experienced an attack during the OLP, both of whom originally received placebo during the RCP. Two participants with prior rituximab use experienced serious treatment-emergent adverse events related to Uplizna, and three experienced serious or grade 3 infections. Uplizna had a similar safety profile in participants with and without prior rituximab use.
RGC

Hot Stocks

08:17 EST Regencell Bioscience announces over $1M ordinary share purchase by CEO - Regencell Bioscience Holdings Limited announced that Yat-Gai Au, the Company's Chairman & CEO, made Ordinary Share purchases of Regencell totaling $1,125,807. As per the Schedule 13D filed with the SEC on November 22, Mr. Au has used an aggregate of $1,125,807 of his personal funds to purchase Ordinary Shares made through the Reporting Persons' Rule 10b-18 Plan. According to the 10b-18 Plan, following the purchases, Mr. Au owns a total of 10,392,584 Ordinary Shares, representing 80.15% of Ordinary Shares issued and outstanding. Mr. Au noted, "These share purchases using my personal funds, reflects my confidence in Regencell's business strategy of becoming a market leader for the treatment of ADHD and ASD disorders, as well as infectious diseases such as COVID-19 Our research and studies aim to address the fundamental causes of and achieve improvements in both symptoms and overall health of patients, as compared to currently available medications for ADHD/ASD disorders and COVID. We believe that we can make a difference!"
ADXS

Hot Stocks

08:17 EST Advaxis granted extension by Nasdaq to complete combination with Biosight - Advaxis announced that it has received a letter from the Nasdaq Hearings Panel providing Advaxis an extension through December 20, 2021, to complete its business combination with Biosight and demonstrate compliance with all applicable requirements for initial listing on The Nasdaq Capital Market. On July 6, 2021, Advaxis announced that it had entered into a merger agreement with Biosight, a privately held, Israel-based pharmaceutical company developing innovative therapeutics for hematological malignancies and disorders. On July 29, 2021, Advaxis attended a hearing before the Panel, to address the Company's non-compliance with the $1.00 bid price requirement for continued listing on The Nasdaq Capital Market. By decision dated August 9, 2021, the Panel granted the Company an exception through November 22, 2021, to complete the merger with Biosight and evidence compliance with all applicable initial listing criteria. Pursuant to the Nasdaq Listing Rules, the combined company will be required to meet all applicable initial listing requirements for The Nasdaq Capital Market upon the closing of the merger, including the $4 per share price requirement. The Company's special meeting of stockholders relating to its proposed merger with Biosight, initially held on November 16, 2021, has been adjourned to December 7, 2021, at 10:00 AM Eastern Time.
SDXAY

Hot Stocks

08:16 EST Sodexo partners with Simpson Senior Services Communities - Sodexo is proud to partner with Simpson Senior Services Communities to implement creative approaches to dining services that improve the dining experience, prioritize safety and foster a heightened sense of community. As the new food service partner of Simpson Senior Services Communities, Sodexo will enhance the dining experience by working hand-in-hand with residents and activities partners to incorporate both regional and international cuisines in addition to innovative food services. Residents will also have the opportunity to join a dining enhancement committee and share direct input on their preferred food dining experience.
SCPS

Hot Stocks

08:15 EST Scopus BioPharma announces $9.75M private placement priced at-the-market - Scopus BioPharma announced it has entered into securities purchase agreements with certain institutional investors in connection with a private placement priced at-the-market under Nasdaq rules of 3,000,000 shares of common stock, series A additional investment options to purchase up to 1,500,000 shares of common stock, and series B additional investment options to purchase up to 1,500,000 shares of common stock at a purchase price of $3.25 per share and associated AIOs for gross proceeds of $9.75 million, before deducting placement agent fees and other estimated offering expenses payable by the Company. The offering is expected to close on or about November 22, 2021, subject to satisfaction of customary closing conditions. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering. The Series A AIOs are exercisable immediately with a term of five years following the authorized share increase date and have an exercise price of $3.125 per share. The Series B AIOs are exercisable upon the authorized share increase date with a term of five years following the authorized share increase date and have an exercise price of $3.125 per share. The offer and sale of the foregoing securities are being made in a transaction not involving a public offering and have not been registered under the Securities Act of 1933, as amended, or applicable state securities laws. Accordingly, the securities may not be reoffered or resold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. Under an agreement with the investors, the Company is required to file an initial registration statement with the Securities and Exchange Commission covering the resale of the shares of the Company's common stock and the shares of common stock underlying the AIOs no later than January 4, 2022 and to use commercially reasonable efforts to have the registration statement declared effective as promptly as practical thereafter, and in any event no later than the later of February 15, 2022 and 30 days after the authorized share increase date.
CGRN

Hot Stocks

08:15 EST Capstone Green Energy gets follow-on order for 800kW energy system in Korea - Capstone Green Energy announced that its Distributor in Korea, CY Tech, has obtained a follow-on order for a Capstone 800kW green energy system for installation at the Noksan Sewage Treatment Plant in Busan, Korea. The new installation follows the successful implementation of a 600kW energy system at the Nambu Sewage Treatment Plant, which is also located in Busan. According to the World Resource Institute, the world needs more energy to support growing populations and expanding cities. Using waste for energy is a cheap, renewable, and readily available form of energy for many cities. Since sewage treatment plants can use biogas generated from their own sludge to power their operations, it allows them to be energy self-sufficient. This ensures that a sewage plant's primary function -- removing pollutants and disease-causing pathogens -- is not interrupted by surrounding power outages.
CNTB

Hot Stocks

08:15 EST Connect Biopharma hires Steven Chan as Chief Financial Officer - Connect Biopharma announced the appointment of Steven Chan as Chief Financial Officer, effective November 22, 2021. Chan will report to Dr. Zheng Wei, Co-Founder & CEO, and succeed Eric Hall who served as Interim Chief Financial Officer. Chan joins Connect from Delphon Industries, a global materials manufacturer for the semiconductor, photonics, electronics and medical industries where he served as Chief Financial Officer and led its finance, human resources and legal functions.
STRR

Hot Stocks

08:14 EST Star Equity announces private placement of 650,000 shares - Star Equity Holdings announced the Company's intent to undertake a private placement of 650,000 shares of the Company's common stock to Jeffrey E. Eberwein, Executive Chairman of the Company. The proposed private placement was approved by a Special Committee made up of independent directors and the Audit Committee of the Board of Directors of the Company. The common stock will be sold at a price of $3.25 per share, representing a 25.97% premium to the Company's closing stock price on November 15, 2021, the day before the Special Committee considered and approved. The private placement is expected to close on or about December 10, 2021, subject to customary closing conditions. The Company expects to use the net proceeds from the private placement for general corporate purposes, including general business support and working capital needs.
APO

Hot Stocks

08:13 EST Apollo Global to acquire 50% stake in Broad Reach Power from EnCap - Apollo and EnCap Energy Transition Fund I announced that funds managed by Apollo affiliates have agreed to acquire a 50% stake in Broad Reach Power, a utility-scale energy storage and renewable energy platform in the US. The Apollo Funds will acquire the stake from existing investor EnCap Investments and its co-investment partners Yorktown Partners and Mercuria Energy. EnCap and its co-investment partners will retain the other 50% stake and, together with the Apollo Funds, commit to invest up to $400M of additional equity to fund Broad Reach's continued expansion and growth pipeline. "At Apollo we have been highly active in the energy transition, and we are thrilled to join EnCap in this investment in Broad Reach, which in our view is the premier energy storage leader in the US," said Geoff Strong, Senior Partner and Co-Head of Infrastructure and Natural Resources at Apollo. "Broad Reach has a scaled, high-performing platform that is well positioned for strong continued growth, particularly as the shift to more intermittent clean energy increases volatility and drives demand for energy storage."
ATNX

Hot Stocks

08:12 EST Athenex to present subgroup analysis from Phase 3 study of KX-ORAX-001 - Athenex announced that an abstract for a subgroup analysis of its Phase 3 study of oral paclitaxel and encequidar for the treatment of metastatic breast cancer has been accepted for poster presentation at the 2021 San Antonio Breast Cancer Symposium, to be held from December 7 to December 10, 2021. The abstract and poster provide data from a post hoc, subgroup analysis of safety, progression free survival and overall survival of patients with elevated liver enzymes from study KX-ORAX-001, a Phase 3 study of weekly Oral Paclitaxel plus Encequidar vs IV Paclitaxel 175mg/m2 every three weeks. 402 subjects were randomized in a 2:1 ratio to Oral Paclitaxel and Encequidar vs IV Paclitaxel. Prior to treatment, 122 patients out of 402 total study patients had elevated AST or bilirubin, primarily mild hepatic dysfunction. For patients with elevated liver enzymes receiving Oral Paclitaxel, the median survival was 18.9 months compared to 10.1 months for patients receiving IV Paclitaxel: with a hazard ratio of 0.593 favoring Oral Paclitaxel. Although metastatic breast cancer patients with mild hepatic dysfunction at baseline are at increased risk of early serious neutropenic and infectious/septic complications this risk may be counterbalanced by a potential increase in efficacy after treatment with Oral Paclitaxel.
IMV

Hot Stocks

08:12 EST IMV Inc. announces CFO Pierre Labbe to retire March 31 - IMV Inc. announced that Pierre Labbe, the Company's Chief Financial Officer, will retire on March 31 . The Company has retained an executive search firm and Mr. Labbe will continue to consult with IMV to support the transition after his retirement.
WINT

Hot Stocks

08:11 EST Windtree Therapeutics announces research on cardiogenic shock patients - Windtree Therapeutics announced the results of U.S. hospital claims data analysis showing hospital inpatient mortality and length of hospital stay for cardiogenic shock patients. U.S. hospital claims data reveals that inpatient mortality for cardiogenic shock patients was 30% in 2020. The analysis, along with previously reported primary market research with 100 U.S. cardiologists noting a high need for new therapies and their high likelihood of using an agent with istaroxime's observed clinical profile further reveals the need for improved pharmacologic innovation for cardiogenic shock patients. The average length of stay for patients with cardiogenic shock was 19.6 days with a median of 10 days in 2020. According to the Agency for Healthcare Research and Quality, the U.S. national average for a hospital stay of any disease was 4.6 days in 2020. "We are working to complete our early cardiogenic shock study with istaroxime with the ultimate goal of developing a therapy that can be used earlier to rapidly improve blood pressure and cardiac function without unwanted side effects of many existing, older agents," said Craig Fraser, CEO and President of Windtree Therapeutics. "In the next few months, we should be in a position to assess the results of this initial early cardiogenic shock study and if positive, will meet with regulatory agencies to discuss the development program and approval requirements and the potential for applying for supportive pathways that could accelerate development timelines." The istaroxime phase 2 study in early cardiogenic shock is an international, randomized, double blind, placebo- controlled study. It will include approximately 60 SCAI class B early cardiogenic shock patients with severe heart failure and systolic blood pressures between 75-90 mmHg - all will receive standard of care with 30 assigned to istaroxime and 30 assigned to placebo.
ORYZF

Hot Stocks

08:10 EST Oryzon Genomics appoints Saikat Nandi as global CBO - Oryzon Genomics announced that Dr. Saikat Nandi has been appointed as Global Chief Business Officer. The appointment strengthens Oryzon's permanent presence in the US as Oryzon builds out strategic partnerships. r. He joins Oryzon from AIG Investments where he was a Portfolio Manager overseeing AIG's Healthcare and Life Science public and private investments, and was previously a Healthcare Investment Advisor at GC Finance.
HLX

Hot Stocks

08:09 EST Helix Energy gets 5-well complete abandonment contract offshore New Zealand - Helix Energy Solutions Group has been awarded a 5-well complete abandonment project by New Zealand's Ministry of Business, Innovation & Employment, MBIE, to be performed by the Helix Q7000 and 10K Intervention Riser System, IRS. The contract with MBIE is the second recent award for Helix in the Asia Pacific region, following the award of Cooper Energy BMG wells abandonment in Australia's Bass Strait. The Q7000 is expected to mobilize late 2022 to the Tui Field, offshore New Plymouth, and perform the work in three phases, including well abandonment, recovery of XTs and wellhead severance and recovery. Excluding mobilization, the project is anticipated to last approximately 60 days. David Carr, Senior Vice President - International for Helix Well Ops, said, "This award, coming on the heels of our award with Cooper Energy, shows that an integrated vessel package such as the Q7000 can address a wide range of subsea decommissioning challenges. With Schlumberger, our partners in the Subsea Services Alliance, we provide a complete solution to complex decommissioning scopes. As we commence this project, we look forward to working with tangata whenua, MBIE and the wider community to protect and restore the mana of this location." "Helix was awarded the contract after a competitive procurement process to select a supplier that met MBIE's objectives of a robust technical solution, flexibility in timing, competitive pricing and a commitment to working with iwi and local stakeholders," said MBIE Tui Project director Lloyd Williams. "Helix is widely recognized internationally as one of the largest and most capable contractors for well intervention and abandonment, and we are looking forward to working with them to complete the final phase of the decommissioning. Helix's proposed vessel to carry out the work, the Q7000, is a state-of-the-art unit which is optimized for well decommissioning and features specialized equipment required to complete the work safely and efficiently," said Williams.
CEMI

Hot Stocks

08:09 EST Chembio Diagnostics received international arbitration award against BioSure - Chembio Diagnostic Systems, a subsidiary of Chembio Diagnostics, received an international arbitration award Thursday, November 18, 2021 against BioSure, Chembio's former UK distributor of HIV self-tests. In April 2014, Chembio and BioSure entered into a distribution agreement under which BioSure was licensed the right to sell bundled products in the UK containing Chembio's SURE CHECK HIV 1/2 pouched tests. The distribution agreement terminated on April 1, 2019. On September 16, 2019, Chembio initiated arbitration in New York, USA alleging BioSure breached the distribution agreement, misappropriated Chembio's trade secrets, and engaged in other unlawful conduct. A final merits hearing was held in April 2021. In the award, the arbitration tribunal held that BioSure breached various provisions of the distribution agreement, breached its implied covenant of good faith and fair dealing, and misappropriated Chembio's trade secrets under both federal and New York law. The tribunal concluded that BioSure's HIV self-test "is substantially based upon and incorporates Chembio Confidential Information in material breach" of the distribution agreement. According to the tribunal, BioSure breached its duty of good faith and fair dealing by using SURE CHECK HIV 1/2 pouched tests and Chembio confidential information to develop a competing HIV test, and by misappropriating goodwill that should have inured to Chembio's benefit. The tribunal awarded Chembio damages of $1,013,875.70 and costs and attorneys' fees of $1,654,161.08. In total, exclusive of interest, Chembio was awarded $2,668,036.78. In addition to the monetary award, BioSure has been ordered to immediately: Stop making, using, offering for sale, or selling the BioSure HIV Self Test; Transfer all regulatory approvals and filings related to the BioSure HIV Self Test to Chembio; Stop using the BioSure HIV Self Test name; Stop making, using, offering for sale, or selling components or other materials developed for the bundled products as defined in the distribution agreement, as well as any other design packaging or labeling associated with the bundled products; Stop using all marketing and promotional materials in connection with the BioSure HIV Self Test name; Instruct BioSure's contract manufacturer to return certain materials to BioSure, including any Chembio confidential information and trade secrets within the manufacturer's possession; Return all files and records regarding the BioSure HIV Self Test to Chembio; Stop using any results, conclusions, or data associated with any studies or performance evaluations related to the BioSure HIV Self Test.
BRAG

Hot Stocks

08:08 EST Oryx Gaming granted UK supplier license - Oryx Gaming, a Bragg Gaming company, has been granted a UK license, a significant milestone which will see the company enter a mature iGaming market. The supplier license, awarded by the United Kingdom Gambling Commission, or UKGC, will enable Bragg's Oryx Gaming to provide its content to operators.
ENLV

Hot Stocks

08:08 EST Enlivex Therapeutics expects cash to fund requirements through 2023 - As of September 30, 2021, Enlivex had cash, cash equivalents, and marketable securities of $87.6 million. The Company believes that its existing cash, cash equivalents, and marketable securities will be sufficient to fund its operating expenses and capital expenditure requirements through year-end 2023.
BREZ

Hot Stocks

08:08 EST Breeze Holdings Acquisition announces additional $1.15M added to trust account - Breeze Holdings Acquisition announced that its sponsor, Breeze Sponsor, timely deposited an aggregate of $1.15M, representing 10c per public share, into the company's trust account in order to extend the date by which the company has to consummate a business combination from November 25, 2021 to February 25, 2022. The Sponsor loaned the Extension Payment to the company in exchange for a promissory note in the amount of the Extension Payment. The loan under the promissory note is non-interest bearing and will be repaid upon the consummation of a business combination. The company's stockholders are not entitled to vote on or redeem their shares in connection with such extension.
RBBN

Hot Stocks

08:07 EST Ribbon Communications selected by Moratelindo - Ribbon Communications announced that Moratelindo, Indonesia's second largest fixed broadband provider, has selected Ribbon to expand its capacity on two key sections of its network. Ribbon's advanced optical solutions enable Moratelindo to more than double the capacity of its Sumatra backbone to 3.6 Terabits per second, delivering connectivity to the world's sixth largest island over its entire 473,000 km2 area. Additionally, the 280 kilometer-long Batam subsea link, which extends Moratelindo's reach to Singapore, now boasts an additional 2 Terabits of transmission capacity. In addition to this substantial capacity upgrade, Moratelindo now benefits from a 200G network that is 400G-ready, enabling it to introduce new bandwidth-hungry services quickly and easily.
VECO

Hot Stocks

08:07 EST Veeco ships first LSA101 Laser Spike Annealing System from San Jose facility - Veeco Instruments announced they have shipped the first LSA101 Laser Spike Annealing System from their new San Jose, California facility to a leading semiconductor manufacturer. Veeco's new, SEMI-compliant facility serves as the company's center of excellence for the development and production of laser annealing and advanced packaging lithography systems for semiconductor applications. "We are extremely proud to be shipping our first LSA system from our state-of-the-art facility in the heart of Silicon Valley," commented Bill Miller, Veeco's Chief Executive Officer. "Aligned with the company's growth strategy, this new manufacturing space enables Veeco to serve the world's leading semiconductor chip providers with increased capacity and world-class lab space. We look forward to showcasing this flagship location to our laser annealing and advanced packaging lithography customers for years to come. Thank you to the Veeco team that worked diligently on an accelerated timeline to enable this exciting milestone in Veeco's history." Veeco's new facility features approximately 70,000 square-feet of manufacturing and engineering lab space and 30,000 square-feet of office space. Manufacturing space will be nearly double that of Veeco's previous San Jose facility and will improve manufacturing efficiency. The new facility is specifically designed to meet growing demand for Veeco's laser annealing and advanced packaging lithography technologies.
ISPC

Hot Stocks

08:05 EST iSpecimen awarded contract to support research on COVID-19 - iSpecimen announced that it has been contracted to support new advanced research on COVID-19 seeking insights on its transmissibility, variants, outcomes, and testing validity among multiple population segments. In the last ten months, the company has partnered with multiple research and health care organizations on a range of diverse projects requiring a variety of COVID-19 samples, including nasal swabs, saliva, and blood products. The Company's work on COVID-19 began immediately after the outbreak last year when it began sending serum samples to the U.S. Centers for Disease Control and Prevention to help researchers monitor antibody development for possible guidance on immunity. iSpecimen provided the Centers for Disease Control and Prevention with 600 SARS-CoV-2-positive serum samples and 100 negative serum samples, mostly remnants from lab tests.
JCS

Hot Stocks

08:05 EST Communications Systems to sell headquarters building for $6.8M - Communications Systems announced that it entered into a purchase agreement with Buhl Investors, a Minnesota limited liability company or its affiliated assignee for the sale of the company's headquarters building located at 10900 Red Circle Drive, Minnetonka, Minnesota for $6.8M. The building currently includes the CSI's corporate administrative offices, as well as some operations of the company's JDL Technologies and Ecessa businesses within its Services & Support operating segment. The building also supports business operations CSI is performing under the transition services agreement it entered into with Lantronix (LTRX) following the sale of its Transition Networks and Net2Edge businesses to Lantronix on August 2. The closing of the transaction is subject to a number of closing conditions, including the Buyer's ability to complete due diligence within 90 days, the buyer's ability to obtain regulatory approval for its intended use of the property as a multi-tenant office building, as well as CSI and the buyer negotiating and entering a lease agreement under which CSI would lease a portion of the space within the building. If the sale proceeds, the company currently expects the transaction to close within the first quarter of 2022.
CDXS

Hot Stocks

08:05 EST Codexis presents preclinical data from programs in HCU, MSUD at ICIEM 2021 - Codexis announced that two of the company's wholly owned biotherapeutic programs, CDX-6512 for the treatment of homocystinuria, HCU, and enzymes for the treatment of maple syrup urine disease, MSUD, were the subject of oral presentations at the 14th International Congress of Inborn Errors of Metabolism, ICIEM, 2021 held in Sydney, Australia from November 21-24, 2021. The enzyme candidates are gastrointestinal-stable enzymes specifically engineered to be highly resistant to both the acidic conditions of the stomach and to proteases of the upper intestines, to effectively degrade methionine and leucine that is liberated from protein digestion. Elevated levels of these amino acids and their metabolites can lead to the variety of clinical manifestations of HCU and MSUD respectively. Kristen Skvorak, PhD, Translational Scientist and Patient Ambassador at Codexis, presented 'Discovery of CDX-6512, a gastrointestinal-stable methionine-gamma-lyase as a potential orally-administered enzyme therapy for homocystinuria,' which demonstrated up to a 45% suppression in serum total homocysteine, at 4 hours post protein challenge in HCU mice treated with a single dose of CDX-6512, compared to vehicle. Similarly, a statistically significant, dose-dependent reduction in plasma methionine was observed following administration of CDX-6512 in healthy non-human primates receiving a peptone meal. Dr. Skvorak also presented 'Discovery of a gastrointestinal-stable bacterial leucine decarboxylase as a potential orally-administered enzyme therapy for maple syrup urine disease,' which demonstrated an up to 45% suppression in blood leucine levels, measured as incremental area under the curve, in whey-fed iMSUD mice with a single dose of leucine decarboxylase compared to vehicle. A dose-dependent reduction in the plasma leucine iAUC was also observed in healthy non-human primates receiving the engineered enzyme. This preclinical work has led to Codexis' elevation of our lead candidate, CDX-6210, for MSUD.
LSEA

Hot Stocks

08:03 EST Landsea Homes to build 139 new homes in Placentia - Landsea Homes announced that it plans to build 139 new homes for a new community called Hudson in Placentia in North Orange County, California. Hudson will offer 139 three-story townhomes, consisting of 63 traditional row townhomes and 76 back-to-back townhomes. The Dutch woonerf design concept embraces the idea of a "living street" between the buildings with room for pedestrians and cyclists.
NBIX

Hot Stocks

08:03 EST Neurocrine and Sosei Group sign strategic collaboration and licensing agreement - Neurocrine Biosciences and Sosei Group announce the signing of a strategic collaboration and licensing agreement to develop novel muscarinic receptor agonists, which Neurocrine Biosciences intends to study in the treatment for schizophrenia, dementia and other neuropsychiatric disorders. Under the terms of the agreement, Neurocrine Biosciences gains development and commercialization rights to a broad portfolio of novel clinical and preclinical subtype-selective muscarinic M4, M1 and dual M1/M4 receptor agonists discovered by Sosei Heptares in development for the treatment of major neurological disorders. Sosei Heptares retains the rights to develop M1 agonists in Japan in all indications, with Neurocrine Biosciences receiving co-development and profit share options. Under the terms of the agreement, Neurocrine Biosciences will be responsible for development costs associated with the programs globally, except for M1 agonists being developed in Japan. The agreement include: Sosei Heptares will receive a total of $100M in upfront cash; is eligible to receive up to approximately $1.5B related to the successful progression of licensed candidates through to regulatory approval; is eligible to receive up to $1.1B upon achieving certain global sales milestones of any products developed under the partnership; is eligible to receive tiered royalties ranging from high single digit to mid-teen percentage on future net sales of any products developed under the partnership; the R&D collaboration will be conducted jointly by Neurocrine Biosciences and Sosei Heptares to advance preclinical candidates through Phase 1 clinical studies; and the R&D collaboration will be funded by Neurocrine Biosciences.
BNGO

Hot Stocks

08:03 EST Bionano Genomics announces publication outlining approach to OGM adoption - Bionano Genomics announced the publication of a study by Johns Hopkins University in the Journal of Clinical & Anatomic Pathology outlining a stepwise approach to adoption of OGM for cancer analysis in the cytogenetics lab. Conducted as a blinded comparison to a comprehensive collection of tools, this study compared results from OGM to those from whole-genome chromosomal microarrays from Illumina, fluorescence in-situ hybridization probes from Abbott, a targeted panel by next-generation sequencing from Illumina, a gene fusion panel by gene expression on the nCounter from NanoString and traditional g-banding by karyotyping. The cohort comprised five different cancer subjects and multiple sample types: four leukemia/lymphoma subjects and one solid tumor subject across three bone marrow samples, one peripheral blood sample and one solid tumor sample. The findings by OGM were concordant with those obtained by CMA and NGS for copy number variants and FISH and karyotyping for balanced structural variations such as inversions and translocations. Sensitivity compared to CMA was 96% excluding copy neutral loss of heterozygosity calls. Sensitivity compared to karyotyping and FISH was 100%. OGM also revealed substantially more SVs than the traditional methods, including an additional 51 CNVs and 20 SVs. Of the variants revealed by OGM that were not detected by the standard methods, 52% involved genes and 7.7% of them involved known cancer genes. The other 48% were classified as variants of unknown significance. The authors point out that these VOUSs have the potential to play a role in further refining patient diagnosis and identifying novel proteins that could be therapeutic targets. OGM was also used in the study to provide high resolution analysis of subjects with complex karyotypes exhibiting chromothripsis. Chromothripsis, or chromosome shattering, results in highly complex chromosomal structures that are typically very challenging to unravel by CMA, FISH and karyotyping. OGM provides a more comprehensive view across the genome that targeted methods like FISH cannot give and it has been shown to have a higher resolution than traditional methods as well. Compared to karyotyping, which has a resolution of 5 Mbp, OGM's resolution is 10,000 times higher and compared to CMA, OGM's resolution is 20-100 times higher, depending on the probe density used on the array. The authors used OGM to reveal and characterize chromothripsis in leukemia subjects with unprecedented scope and resolution, which they said can be extremely helpful in determining if there are druggable variants present, markers consistent with aggressive disease or disease that's treatment refractory. The principal conclusions of this publication is that OGM provides an alternative workflow that provides valuable genomic information often with higher resolution than traditional methods without sacrificing sensitivity. OGM is complementary to methods like NGS, which reveal sequence variants, and provides an opportunity to simplify and consolidate workflows for SV analysis by using OGM as an alternative to CMA, FISH and karyotyping.
TALK

Hot Stocks

08:02 EST Talkspace announces resignation of COO Hirschhorn after internal review - Talkspace announced the resignation of President and COO Mark Hirschhorn, effective immediately. This followed an internal review of Hirschhorn's conduct in connection with a company offsite that took place late last week. Talkspace's executive team will assume Hirschhorn's responsibilities.
KEY

Hot Stocks

08:02 EST KeyBank National Association acquires XUP Payments, terms not disclosed - KeyBank National Association announced that it has acquired XUP Payments, a B2B focused digital platform. Key will leverage this technology to enhance the experience across its commercial product set and more broadly advance Key's embedded banking strategy. The acquisition is the latest in a series of strategic fintech alliances to bring best-in-class payments and banking services to clients.
XPEV

Hot Stocks

07:52 EST XPeng unveils new G9 smart SUV - XPeng unveiled its new G9 smart SUV at the 19th Guangzhou International Automobile Exhibition. Incorporating XPeng's latest software architecture and hardware platform, the G9 is the company's fourth production model, and the first to have been conceived and designed from the outset for both domestic Chinese and international markets.
ASTR

Hot Stocks

07:50 EST Astra completes first commercial orbital launch for United States Space Force - Astra successfully completed its first commercial orbital launch for the United States Space Force late Friday night, November 19. The launch, STP-27AD2, was conducted from Astra's Kodiak Spaceport, located at the Pacific Spaceport Complex in Kodiak, Alaska. Astra's launch system demonstrated the orbital placement of a test payload to an inclination of 86.0 degrees at an altitude of 500 km. The payload achieved an orbital velocity of 7.61 kilometers per second in eight minutes and 47 seconds. The United States Space Force contracted this launch through a Defense Innovation Unit Other Transaction Agreement.
REDU

Hot Stocks

07:47 EST Rise Education announces resignation of Ernst & Young Hua Ming - RISE Education Cayman announced that Ernst & Young Hua Ming had resigned as the independent registered public accounting firm of the Company, effective November 19. EY's audit report on the Company's consolidated financial statements as of and for the year ended December 31, 2020 did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. During the audit for year ended December 31, 2020, there was no disagreements, as defined in Item 16F of Form 20-F and the related instructions, between the Company and EY on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which, if not resolved to the satisfaction of EY would have caused them to make reference thereto in their report on the consolidated financial statements for such year. The Company intends to engage a new audit firm in due course.
ZLAB BNTX

Hot Stocks

07:39 EST Zai Lab appoints Richard Gaynor to board of directors - Zai Lab (ZLAB) announced that it has appointed Richard Gaynor, M.D., to its Board of Directors. Gaynor will also serve as Chair of the Research and Development Committee. Gaynor is the President and Chief of Research and Development of BioNTech (BNTX) US.
HLMN

Hot Stocks

07:38 EST Hillman Solutions Corp. announces redemption of all outstanding warrants - Hillman Solutions announced that the Company will redeem all of its outstanding warrants to purchase shares of the Company's common stock, par value $0.0001 per share, that were issued under the Amended and Restated Warrant Agreement, dated November 13, 2020, by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent, as part of the units sold in the Company's initial public offering and that remain outstanding at 5:00 p.m. New York City time on December 22, 2021 for a redemption price of $0.10 per Public Warrant. In addition, the Company will redeem all of its outstanding warrants to purchase Common Stock that were issued under the Warrant Agreement in a private placement simultaneously with the IPO on the same terms as the outstanding Public Warrants. Under the terms of the Warrant Agreement, the Company is entitled to redeem all of the outstanding Public Warrants at a redemption price of $0.10 per Public Warrant if the last sales price of the Common Stock equals or exceeds $10.00 per share on any twenty trading days within any thirty-day trading period ending on the third trading day prior to the date on which a notice of redemption is given and if the Reference Value is less than $18.00 per share, the Private Warrants must also concurrently be called for redemption on the same terms as the outstanding Public Warrants. At the direction of the Company, the Warrant Agent has delivered a notice of redemption to each of the registered holders of the outstanding Warrants. The Warrants may be exercised by the holders thereof until 5:00 p.m. New York City time on the Redemption Date to purchase fully paid and non-assessable shares of Common Stock underlying such Warrants. As the Reference Value is less than $18.00 per share, payment upon exercise of the Warrants may be made either in cash, at an exercise price of $11.50 per share of Common Stock or on a "cashless basis" in which the exercising holder will receive a number of shares of Common Stock to be determined in accordance with the terms of the Warrant Agreement and based on the Redemption Date and the volume weighted average price of the Common Stock during the 10 trading days immediately following the date on which the notice of redemption is sent to holders of Warrants. The Company will provide holders the Fair Market Value no later than one business day after such 10-trading day period ends. In no event will the number of shares of Common Stock issued in connection with an exercise on a cashless basis exceed 0.361 shares of Common Stock per Warrant. If any holder of Warrants would, after taking into account all of such holder's Warrants exercised at one time, be entitled to receive a fractional interest in a share of Common Stock, the number of shares the holder will be entitled to receive will be rounded down to the nearest whole number of shares. Any Warrants that remain unexercised at 5:00 p.m. New York City time on the Redemption Date will be void and no longer exercisable, and the holders of those Warrants will be entitled to receive only the redemption price of $0.10 per Warrant.
PRVB

Hot Stocks

07:38 EST Provention Bio provides update on response to FDA concerning teplizumab - Provention Bio provided an update on its ongoing efforts to address FDA considerations cited in the Complete Response Letter, or CRL, issued to the Company by the FDA on July 2 pertaining to comparability between the Company's planned teplizumab commercial product and clinical drug product used in historical trials of teplizumab. On November 18 the Company had a Type A meeting with the FDA to discuss the population pharmacokinetic (popPK) model to be used for the purpose of planned commercial and clinical drug product comparison. In preliminary meeting comments, the FDA approved the Company proceeding to populate the popPK model with data collected from patients receiving therapeutic doses of teplizumab in a pharmacokinetic/pharmacodynamic, or PK/PD, substudy of the ongoing PROTECT Phase 3 trial in newly diagnosed type 1 diabetes, or T1D, patients.
NTLA

Hot Stocks

07:38 EST Intellia Therapeutics announces expansion of ongoing Phase I study of NTLA-2001 - Intellia Therapeutics announced that the United Kingdom Medicines and Healthcare products Regulatory Agency, MHRA, has approved a protocol amendment for the Company's ongoing Phase 1 study of NTLA-2001 to include patients with ATTR amyloidosis with cardiomyopathy, ATTR-CM. The study of NTLA-2001 now includes patients with ATTR-CM to be enrolled in new dose-escalation and expansion cohorts. The inclusion of the ATTR-CM patient population is in addition to the original Phase 1 study population, which is currently evaluating NTLA-2001 in patients with ATTR amyloidosis with polyneuropathy, ATTRv-PN. The first investigational therapy of its kind, NTLA-2001 is an in vivo CRISPR/Cas9-based genome editing candidate being developed as a single-dose treatment for transthyretin, ATTR, amyloidosis. It is designed to inactivate the TTR gene in liver cells to prevent the production of transthyretin protein and is being developed to potentially be the first single-dose ATTR amyloidosis treatment to not only halt but also reverse disease progression in both ATTRv-PN and ATTR-CM patients. "ATTR amyloidosis is a chronic, fatal disease that can impact different organs and tissues within the body, often manifesting as either polyneuropathy or cardiomyopathy. At Intellia, our goal is to develop a potentially curative treatment that could benefit as many patients living with this disease as possible," said Intellia President and Chief Executive Officer John Leonard, M.D. "We have already seen promising interim data supporting the ability of NTLA-2001 to significantly reduce serum TTR levels in ATTR patients with polyneuropathy. We are excited to now expand our Phase 1 study of NTLA-2001 to include ATTR patients with cardiomyopathy in order to advance this potentially first-of-its-kind, single-dose treatment for more patients." The protocol amendment to the Phase 1 study allows for enrollment of up to 36 adults in the United Kingdom with either hereditary ATTR-CM or wild-type cardiomyopathy, and New York Heart Association Class I - III heart failure, across the two-part study. The trial's primary objectives are to assess the safety, tolerability, pharmacokinetics and pharmacodynamics of NTLA-2001, which will include the measurement of serum TTR levels following a single intravenous infusion. The secondary objectives are to evaluate the efficacy of NTLA-2001 on clinical measures of cardiac disease in ATTR-CM patients.
BKBEF

Hot Stocks

07:36 EST Pipestone Energy announces normal course issuer bid - Pipestone Energy announced the Toronto Stock Exchange has accepted the notice filed by the Company to implement a normal course issuer bid. The NCIB allows Pipestone to purchase up to 9,598,347 common shares, representing 5% of its 191,966,942 outstanding Common Shares as at November 12, 2021. The NCIB is scheduled to commence on November 25, 2021 and is due to expire no later than November 24, 2022. Under the NCIB, Common Shares may be repurchased in open market transactions on the TSX and other alternative trading platforms in Canada and in accordance with the rules of the TSX governing NCIB's. The total number of Common Shares Pipestone is permitted to purchase is subject to a daily purchase limit of 55,099 Common Shares, representing 25% of the average trading volume of 220,397 Common Shares on the TSX calculated for the six-month period ended October 31, 2021; however, Pipestone may make one block purchase per calendar week which exceeds the daily repurchase restrictions. Any Common Shares that are purchased under the NCIB will be cancelled upon their purchase by the Company. Pipestone intends to fund the purchases out of its available resources and is implementing the NCIB as part of its free cash flow allocation strategy. Pipestone believes that, at times, the prevailing share price may not reflect the underlying value of the Common Shares and the repurchase of Common Shares represents an opportunity to improve per share metrics as part of the Company's commitment to shareholder returns. The Company plans on repurchasing Common Shares under the NCIB following its commencement date. The Company intends to enter into an automatic securities purchase plan effective November 25, 2021, under which its broker may purchase Common Shares in connection with the NCIB. The plan will contain a prearranged set of criteria in accordance with which its broker may make Common Share purchases. These strict parameters enable the purchase of Common Shares during times when it would ordinarily not be permitted due to self-imposed blackout periods, insider trading rules or otherwise. Such plan is adopted in accordance with applicable Canadian securities laws. Outside of blackout periods, Common Shares may be purchased under the NCIB in accordance with management's discretion.
OB

Hot Stocks

07:35 EST Outbrain to acquire video intelligence AG for $55M - Outbrain announced that it has entered a definitive agreement to acquire video intelligence, a Swiss-based contextual video technology platform for digital and Connected TV media owners. vi's contextual and machine learning technology enables media owners to enhance user engagement and monetization by adding relevant video content to articles. It also provides advertisers with brand-safe video ad inventory that drives awareness and user engagement. "vi fits perfectly into Outbrain's core strategy of providing media owners with technology to enhance user engagement and monetization through relevant content and ads," said David Kostman, Co-CEO of Outbrain. "The combination with vi will allow us to deepen our partnership with media owners, providing mid- and top-of-article video solutions. It will also expand our addressable market, introducing high-quality in-stream video inventory to support our brand advertisers. We see significant synergies between our companies and we are very excited to welcome the incredibly talented and experienced vi team to Outbrain," added Yaron Galai, Co-Founder and Co-CEO. Outbrain will acquire vi for an aggregate purchase price of approximately $55M, funded by $46.75 million of balance sheet cash and 412,500 Outbrain sheet cash and 412,500 Outbrain shares. The transaction is expected to close in the first quarter of 2022 and is expected to be accretive in the first year.
GSS

Hot Stocks

07:35 EST Golden Star Resources receives regulatory approval for Chifeng acquisition - Golden Star Resources announced that the Ghanaian Ministry of Lands and Natural Resources has informed Chifeng Jilong Gold Mining that it has no objection to Chifeng becoming the controller of Golden Star, via Chifeng's subsidiary, Chijin International and/or its assignee. GSWL is Golden Star's 90% owned subsidiary that holds the mineral rights relating to the Wassa gold mine. The no objection letter was issued in accordance with section 52 of the Minerals and Mining Act, 2006 and on the advice and recommendation of the Minerals Commission. The Ministry's approval of the transaction is subject to customary conditions. Golden Star, Chifeng and the Purchaser entered into a definitive agreement dated October 31. Pursuant to and upon completion of the Transaction, holders of Golden Star Shares will receive total consideration, payable in cash, of $3.91 per Golden Star Share, which equates to a total Transaction value of approximately $470M on a fully-diluted, in-the-money basis. Golden Star has engaged Canaccord Genuity as its exclusive financial advisor as well as Fasken Martineau DuMoulin and Davis Graham & Stubbs as its respective Canadian and U.S. legal advisors.
ACEL

Hot Stocks

07:35 EST Accel Entertainment announces $200M share repurchase program - Accel Entertainment announced that the company's board of directors has approved a share repurchase program of up to $200M of shares of common stock. The timing and actual number of shares repurchased will depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities.
NVCR

Hot Stocks

07:34 EST Novocure says last patient enrolled in Lunar trial of TTFields in NSCLC - Novocure announced that the final patient has been enrolled in the phase 3 pivotal LUNAR trial evaluating the efficacy of Tumor Treating Fiel, TTFields, together with immune checkpoint inhibitors or docetaxel for treatment of patients with advanced stage 4, non-small cell lung cancer NSCLC following progression while on or after platinum-based therapy. Non-small cell lung cancer impacts nearly 200,000 patients every year in the U.S., and lung cancer is the leading cause of cancer-related death globally. "LUNAR marks Novocure's second phase 3 pivotal study to complete enrollment this quarter and is our first of several late-stage clinical trials expected to deliver final data over the next two years," said William Doyle, Novocure's Executive Chairman. "LUNAR will provide the first randomized dataset to evaluate increased survival when Tumor Treating Fields is used together with immunotherapy, versus immunotherapy alone. I am proud of our employees and am grateful to our principal investigators and patients for their courage and dedication to advancing clinical studies." LUNAR is a phase 3 pivotal trial testing the effectiveness of TTFields in combination with immune checkpoint inhibitors or docetaxel versus immune checkpoint inhibitors or docetaxel alone for patients with stage 4 NSCLC who progressed during or after platinum-based therapy. It is estimated that approximately 46,000 patients receive second-line treatment for stage 4 NSCLC each year in the U.S. The primary endpoint is superior overall survival of patients treated with TTFields plus immune checkpoint inhibitors or docetaxel versus immune checkpoint inhibitors or docetaxel alone. TTFields therapy is intended principally for use in combination with other standard-of-care treatments, and LUNAR was designed to generate data that contemplates multiple outcomes. Patients will be followed for 12 months with final data expected year-end 2022.
TWST

Hot Stocks

07:34 EST Twist Bioscience to acquire Abveris for $190M - Twist Bioscience announced it entered into a definitive agreement to acquire Abveris, a privately held in vivo antibody discovery services company developing the next generation of biologics, cell therapies, vaccines and diagnostics in partnership with biopharma leaders. Abveris offers comprehensive antibody discovery and characterization services using its proprietary DiversimAb family of hyperimmune mouse models, the output of which can be humanized using the Twist antibody optimization solution to develop superior biologics for rapid clinical advancement. The total purchase consideration of up to $190M includes $150M in consideration to be issued at the closing of the transaction, consisting of shares of Twist common stock and up to $10M in cash, subject to customary adjustments for cash, net working capital, outstanding indebtedness and unpaid transaction expenses, and up to $40M shares of Twist common stock, to be issued contingent on and subject to Abveris achieving an internal revenue target for the calendar year 2022. The applicable price per share of Twist common stock is the average per share closing sale price of Twist common stock for the 30 consecutive trading day period prior to and including the date that is two trading days immediately preceding the closing, and which will not fall below $106.10 or exceed $129.68.
DBTX REGN

Hot Stocks

07:33 EST Decibel Therapeutics announces Regeneron extended research term - Decibel Therapeutics (DBTX) announced that Regeneron (REGN) has extended the research term of its collaboration with the Company to discover and develop gene therapies for hearing loss. The research term will be extended to November 15, 2023, and Regeneron will pay Decibel an extension fee of $10M in Q4 of 2022. Under the collaboration launched in 2017, Decibel is developing three gene therapy programs targeting congenital, monogenic hearing loss with Regeneron. Decibel plans to initiate in 2022 a Phase 1/2 clinical trial of DB-OTO, the Company's lead gene therapy product candidate, designed to provide hearing to individuals born with profound hearing loss due to mutation of the otoferlin gene. Decibel is also advancing AAV.103 and AAV.104, gene therapy programs targeting other monogenic forms of hearing loss, with Regeneron. AAV.103 aims to restore hearing in individuals with mutations in the GJB2 gene, and AAV.104 aims to restore hearing in individuals with mutations in the STRC gene. "Decibel and Regeneron scientists have worked closely to advance our gene therapy pipeline for the treatment of congenital, monogenic hearing loss, bringing our lead program, DB-OTO, within sight of the clinic. We are pleased that Regeneron has elected to extend the research term, which extends our access to Regeneron's world-leading genomic and genetic technologies, and therapeutic discovery and development expertise," said Laurence Reid, Ph.D., Chief Executive Officer of Decibel. "This collaboration, which plays to each party's strengths, is an important part of our ability to accelerate the discovery and development of innovative genetic therapies for patients in need." Through the collaboration, Regeneron provides Decibel with broad access to its proprietary suite of technologies to support Decibel's goal of discovering new medicines for congenital, monogenic hearing loss. Decibel retains worldwide development and commercialization rights to the product candidates being developed in the collaboration and will pay Regeneron tiered royalties based on net sales.
MRTX VSTM

Hot Stocks

07:32 EST Mirati Therapeutics and Verastem announces collaboration agreement - Mirati Therapeutics (MRTX) and Verastem Oncology (VSTM) announced a non-exclusive clinical collaboration agreement to evaluate the combination of Mirati's investigational KRASG12C inhibitor adagrasib with Verastem Oncology's investigational RAF/MEK inhibitor VS-6766 in KRASG12C-mutant non-small cell lung cancer, or NSCLC. The primary objective of this multi-center, single-arm, open-label Phase 1/2 trial is to determine the maximum tolerated dose and recommended Phase 2 dose for the combination of adagrasib and VS-6766 in patients with KRASG12C-mutant NSCLC. The study will also investigate the safety, tolerability and efficacy of the combination in patients who have progressed on a KRASG12C inhibitor. The trial will build on preclinical data showing deeper blockade of ERK pathway signaling resulting in enhanced anti-tumor efficacy with the combination of adagrasib and VS-6766 relative to either agent alone. Under the terms of the agreement, Verastem Oncology and Mirati will have joint oversight of the study
PBA

Hot Stocks

07:31 EST Pembina Pipeline CEO Mick Dilger steps down, Scott Burrows named interim CEO - Pembina Pipeline announced that Mick Dilger has stepped down as President and CEO to pursue other opportunities. The Board of Directors has named Scott Burrows, Pembina's current CFO, as interim President and CEO. The Board will be working with a leading search firm to identify and evaluate internal and external candidates for a new CEO to lead Pembina in its next chapter. With Burrows' appointment, Cameron Goldade, currently Pembina's Vice President - Capital Markets, has been appointed interim CFO.
SY

Hot Stocks

07:29 EST So-Young receives preliminary non-binding acquisition proposal for $5.30 per ADS - So-Young International announced that its board of directors has received a preliminary non-binding proposal letter, dated November 22, 2021, from Mr. Xing Jin, co-founder, Chairman of the Board and Chief Executive Officer of the Company, to acquire all of the outstanding Class A ordinary shares of the Company that are not already owned by Mr. Jin and his affiliates for a purchase price of $5.30 per American Depositary Share, or $6.89 per Class A ordinary share, in cash. The Board has formed a special committee consisting of independent directors Messrs. Charles Zhaoxuan Yang, Chao He and Harry Jiannan Wang to evaluate and consider the Proposal Letter and the Proposed Transaction. The Company cautions that the Board has just received the Proposal Letter and has not made any decisions with respect to the Proposal Letter and the Proposed Transaction. There can be no assurance that the Buyer Group will make any definitive offer to the Company, that any definitive agreement relating to the Proposal Letter will be entered into between the Company and the Buyer Group, or that the Proposed Transaction or any other similar transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.
MYGN

Hot Stocks

07:28 EST Myriad Genetics to present new data at SABCS - Myriad Genetics announced two upcoming poster presentations at the 2021 San Antonio Breast Cancer Symposium, SABCS, that showcase the importance of genetic testing and precision medicine as integral components of both breast cancer treatment recommendations and risk assessment. Genomic Instability Scores to Guide Eligibility for Treatment with PARP Inhibitors. Poster Title: "Identifying homologous recombination deficiency in breast cancer: genomic instability score thresholds differ in breast cancer subtypes." This study, with collaboration from researchers at Mayo Clinic and Johns Hopkins, assesses the differences in genomic instability score thresholds for different types of breast cancer using the GIS for ovarian cancer as a comparator to guide the identification of potential candidates for treatment with PARP inhibitors.Finding Ways to Improve Polygenic Risk Scores by Reducing Ancestral Bias. Poster Title: "Integration of an ancestry-inclusive polygenic risk score with the Tyrer-Cuzick breast cancer risk model." This study, done in collaboration with researchers from Cleveland Clinic, University of Pennsylvania, and Dana-Farber Cancer Institute, validates the integration of an ancestry-inclusive breast cancer polygenic risk score with a clinical and family history-based model in the development of a risk assessment tool that is both genomically-informed and equitable.
AFMD

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07:26 EST Affimed reports interim results from Phase 1-2 study of cbNK cells, AFM13 - Affimed announced interim clinical results from the investigator-initiated phase 1-2 study at The University of Texas MD Anderson Cancer Center, evaluating cbNK cells pre-complexed with Affimed's innate cell engager, ICE, AFM13. As of October 31, 2021, a total of 18 patients with CD30-positive relapsed or refractory Hodgkin and non-Hodgkin lymphomas were treated with the novel combination of cbNK cells pre-complexed with AFM13. A treatment cycle consists of lymphodepleting chemotherapy with fludarabine and cyclophosphamide followed two days later by a single infusion of cytokine-preactivated and expanded cbNK cells that are pre-complexed with AFM13, followed by three weekly infusions of AFM13 monotherapy. Responses are assessed on day 28 by FDG-PET and patients can receive up to two cycles. Three patients were treated with 1x106, three patients with 1x107 and 12 patients with 1x108 AFM13-pre-complexed cbNK cells per kg body weight. As of the cutoff date, 16 of 18 patients had achieved an objective response to the treatment according to investigator assessment, with seven complete responses, CR, and nine partial responses, PR. Eleven of twelve patients treated at the recommended phase 2 dose level of 108 cbNK cells per kg had Hodgkin Lymphoma. In this cohort of patients treated at the recommended phase 2 dose, 100% responded after the first cycle of treatment with five CRs and seven PRs according to investigator assessment. Treatment was well tolerated with five reported cases of transient infusion related reactions after the monotherapy infusions of AFM13. Of note, there were no instances of serious adverse events such as cytokine release syndrome, immune cell-associated neurotoxicity syndrome or graft-versus-host disease.
AYRWF

Hot Stocks

07:25 EST Ayr Wellness to acquire Gentle Ventures for upfront payment of $55M - Ayr Wellness has entered into an agreement to acquire Gentle Ventures, LLC d/b/a Dispensary 33, and certain of its affiliates that collectively own and operate two licensed retail dispensaries in Chicago, Illinois. Dispensary 33 operates two locations in Chicago, one on the lively N Clark Street in the Andersonville neighborhood, and the other on W Randolph Street in West Loop, a former industrial meatpacking district that has become one of Chicago's most popular neighborhoods for restaurants, nightlife and hospitality. Ayr intends to acquire the equity interests in Dispensary 33 pursuant to a definitive purchase and sale agreement proposed to be entered into between Ayr, its affiliate, and Dispensary 33 and the holders of 100% of the equity interests' holders of Dispensary 33. Purchase consideration is expected to consist of $55M upfront, including $12M of cash, $3M of sellers notes and $40M of stock. An earn-out is payable if certain Adjusted EBITDA performance is achieved through Q3 2022. The acquisition is subject to customary closing conditions and regulatory approvals, as well as the execution of the Purchase Agreement.
DFFN

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07:23 EST Diffusion Pharmaceuticals doses first participants in Altitude Trial - Diffusion Pharmaceuticals announced it has dosed the first participants in its Altitude Trial. The trial will evaluate the Company's lead product candidate, trans sodium crocetinate, TSC, in normal healthy volunteers subjected to incremental levels of physical exertion while exposed to hypoxic and hypobaric conditions, or "simulated altitude." "It's been exciting working with our internationally recognized partners to get this trial started, and we look forward to continuing to leverage their expertise in hypoxia research and their unique extreme exposure simulation facilities as the study proceeds," said Chris Galloway, M.D., Chief Medical Officer of Diffusion. "We designed the Altitude Trial not only to evaluate how TSC can enhance oxygen uptake in a simulated hypoxic environment while under stress, but also to evaluate how effectively oxygen is delivered and ultimately utilized under these conditions. We believe the Altitude Trial's results can inform additional clinical uses of TSC to enhance oxygenation across a multitude of diseases complicated by hypoxia." The Altitude Trial is a double-blind, randomized, placebo-controlled crossover study designed to evaluate the effects of TSC on maximal oxygen consumption, or VO2, and partial pressure of blood oxygen, or PaO2, in normal healthy volunteers subjected to incremental levels of physical exertion while exposed to "simulated altitude." The Altitude Trial is the second in a series of three, short-term studies Diffusion is conducting intended to provide the Company with additional information regarding TSC's mechanism of action and dose-response characteristics.
BCRX RPRX

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07:23 EST BioCryst adds $350M in financing with Royalty Pharma, OMERS Capital Markets - BioCryst Pharmaceuticals 9BCRX), Royalty Pharma (RPRX) and OMERS Capital Markets, announced transactions totaling $350M in new funding for BioCryst, with all funds immediately available at closing. The funds from these transactions will enable further advancement of BCX9930, BioCryst's oral Factor D inhibitor, toward filing for registration, expand the development of BCX9930 across multiple indications and support additional investment in the global launch of ORLADEYO. For a $150M upfront cash payment, Royalty Pharma, the largest buyer of pharmaceutical royalties globally, has purchased royalties on combined annual net sales of BCX9930 and another earlier stage Factor D inhibitor of 3.0% on sales up to $1.5B, 2.0% on sales between $1.5B and $3B, and no royalty on sales over $3B. Royalty Pharma also purchased royalties of 0.75% on direct annual net sales of ORLADEYO up to $350M, 1.75% on sales between $350M and $550M, no royalty on sales over $550M, and a tiered, declining percentage on ORLADEYO sublicense revenue in certain territories. These royalties are additional to the royalties purchased by Royalty Pharma in December 2020. For a $150M upfront cash payment, OMERS, one of Canada's largest defined benefit pension plans, has purchased a capped, tiered, declining royalty on direct annual net sales of ORLADEYO. Under the agreement, BioCryst does not owe any royalties for the first two years. The first royalty payment from BioCryst to OMERS will occur based on royalties from direct annual net sales of ORLADEYO in the fourth quarter of 2023. Once OMERS has achieved its maximum allowed total return under the agreement, no further royalty payments will be owed. OMERS will receive a royalty of at least 7.5% on annual net sales up to $350 million, 6.0% on sales between $350M and $550M and no royalty on sales over $550M. The maximum total return OMERS may earn under the agreement is capped at 1.425x or 1.550x, based on the level of 2023 global net sales of ORLADEYO relative to a prespecified sales threshold. Royalty Pharma also has extended its relationship with BioCryst through a $50M equity investment at a price of $13.00 per share, the volume-weighted average price of BioCryst common stock over the past 20 days. BioCryst also is pleased to continue its strong partnership with Athyrium Capital Management. Having now achieved the defined ORLADEYO revenue milestones in its prior agreement with Athyrium, BioCryst has committed to access the additional $75M available under the agreement and will draw this $75 million in mid-2022. The new financing enables BioCryst to further advance and expand its Factor D program over the next two years by achieving the following: Complete and report data from the ongoing REDEEM-1 and REDEEM-2 pivotal trials in PNH; Complete the renal proof-of-concept basket trial in three nephritis indications and advance to pivotal trials in each; Commence PoC trials in other complement-mediated diseases; Prepare to submit regulatory approval filings in PNH.
RFL

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07:21 EST Rafael Holdings announces CEO Mallik will transition role to Chairman Jonas - Rafael Holdings announced several changes to its leadership team. Ameet Mallik will transition his Chief Executive Officer responsibilities to Chairman, Howard Jonas, as of February 1, 2022, and will remain "highly engaged as a member of the Board of Directors of Rafael Holdings," the company said. Patrick Fabbio will assume the position of President, in addition to continuing as Chief Financial Officer, with the responsibility to lead the operations and finances of the business. Dr. Mimi Huizinga will continue as Chief Medical Officer and assume additional responsibilities as the Head of Research and Development. She will lead the company's research, development and medical strategy and operations. To oversee the management transition and the organization's evolution, the Board has established a Transition Committee, which Ameet will chair. Rafael Holdings also announced the planned departures of: William Conkling, Chief Commercial and Business Officer; Ashok David Marin, Chief Legal Officer; Brandi Robinson, Chief Corporate Affairs Officer; and Melissa Lozner, Chief Compliance and Ethics Officer. These transitions will take place by the end of January 2022.
DAWN

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07:18 EST Day One announces first patient dosed in Phase 2 study of DAY101 - Day One Biopharmaceuticals announced that the first patient has been dosed in a Phase 2 clinical trial evaluating DAY101 as a monotherapy in patients with RAF-altered solid tumors. DAY101 is an investigational, oral, brain-penetrant, highly-selective type II pan-RAF kinase inhibitor designed to target a key enzyme in the MAPK signaling pathway. "DAY101 has demonstrated encouraging anti-tumor activity as a monotherapy in patient populations where MAPK pathway alterations are believed to play an important role in driving disease progression," said Samuel Blackman, M.D., Ph.D., co-founder and chief medical officer of Day One. "Expanding the development of DAY101 beyond pediatric low-grade glioma represents an important step in our overall development strategy for this promising program, and we look forward to enrolling additional RAF-altered solid tumor patients in this Phase 2 monotherapy study." The multi-center, open-label umbrella study, FIRELIGHT-1, will evaluate the safety and efficacy of DAY101 in patients with recurrent or progressive solid tumors with activating RAF alterations. Day One expects to initiate a Phase 1b combination portion of the study with the Company's oral MEK inhibitor, pimasertib, in the first quarter of 2022. Day One also continues to enroll patients in a pivotal Phase 2 clinical trial of DAY101 in pediatric, adolescent and young adults with recurrent or progressive low-grade glioma harboring a known BRAF alteration (NCT04775485), with initial data expected in the first half of 2022.
ORGS SGMO

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07:16 EST Orgenesis appoints Prathyusha Duraibabu to board of directors - Organogenesis (ORGS) announced the appointment of Prathyusha Duraibabu to the company's Board of Directors, effective November 19, 2021. Ms. Duraibabu will serve as an independent director of the Company and member of the Audit Committee of the Board. Duraibabu currently serves as the Chief Financial Officer of Sangamo Therapeutics (SGMO).
RPRX BCRX

Hot Stocks

07:15 EST Royalty Pharma acquires additional royalty interest in BCX9930, ORLADEYO - Royalty Pharma (RPRX), BioCryst Pharmaceuticals (BCRX) and OMERS Capital Markets announced transactions totaling $350M in new funding for BioCryst, with all funds immediately available at closing. The funds from these transactions will enable further advancement of BCX9930, BioCryst's oral Factor D inhibitor, toward filing for registration, expand the development of BCX9930 across multiple indications and support additional investment in the global launch of ORLADEYO, which is on a trajectory to become the market-leading prophylactic hereditary angioedema, HAE, therapy. For a $150M upfront cash payment, Royalty Pharma has purchased royalties on combined annual net sales of BCX9930 and another earlier stage Factor D inhibitor of 3.0% on sales up to $1.5B, 2.0% on sales between $1.5B and $3.0B, and no royalty on sales over $3.0B. Royalty Pharma also purchased royalties of 0.75% on direct annual net sales of ORLADEYO up to $350M, 1.75% on sales between $350M and $550M, no royalty on sales over $550M, and a tiered, declining percentage on ORLADEYO sublicense revenue in certain territories. These royalties are additional to the royalties purchased by Royalty Pharma in December 2020. For a $150M upfront cash payment, OMERS has purchased a capped, tiered, declining royalty on direct annual net sales of ORLADEYO. Under the agreement, BioCryst does not owe any royalties for the first two years. The first royalty payment from BioCryst to OMERS will occur based on royalties from direct annual net sales of ORLADEYO in the fourth quarter of 2023. Once OMERS has achieved its maximum allowed total return under the agreement, no further royalty payments will be owed. OMERS will receive a royalty of at least 7.5% on annual net sales up to $350M, 6.0% on sales between $350M and $550M and no royalty on sales over $550M. The maximum total return OMERS may earn under the agreement is capped at 1.425x or 1.550x, based on the level of 2023 global net sales of ORLADEYO relative to a prespecified sales threshold. Royalty Pharma also has extended its relationship with BioCryst through a $50M equity investment at a price of $13.00 per share, the volume-weighted average price of BioCryst common stock over the past 20 days. "We are excited to expand our partnership with BioCryst to continue to support their growth journey," said Pablo Legorreta, founder and Chief Executive Officer of Royalty Pharma. "Following our initial investment nearly one year ago, ORLADEYO has proven to be a transformative therapy for HAE patients. We are also thrilled to make an additional investment in BCX9930 following strong proof of concept data, which will support and expand the rapid development of BCX9930 in paroxysmal nocturnal hemoglobinuria and multiple other complement-mediated diseases. Our equity investment underpins our conviction in the BioCryst team and the substantial patient need for innovative oral therapies in rare disease," Legorreta added. BioCryst also continues its partnership with Athyrium Capital Management. Having now achieved the defined ORLADEYO revenue milestones in its prior agreement with Athyrium, BioCryst has committed to access the additional $75M available under the agreement and will draw this $75M in mid-2022.
IMRA

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07:11 EST Imara announces primary endpoint change in Ardent Phase 2b trial of IMR-687 - Imara announced a change to the primary endpoint for the Ardent clinical trial, a Phase 2b study of tovinontrine, IMR-687, in patients with sickle cell disease, SCD, based on the recommendation of the U.S. Food and Drug Administration. Imara requested feedback from the FDA on the draft statistical analysis plan, SAP, for the Ardent trial in which fetal hemoglobin, HbF, response was the primary endpoint and annualized rate of vaso-occlusive crises, VOCs, was the key secondary endpoint. In reviewing the Ardent draft SAP and prior to any database lock for analysis, the FDA recommended that Imara change the primary endpoint to be annualized rate of VOCs. HbF response will continue to be evaluated as a key secondary endpoint. The endpoint revisions do not affect the conduct of the trial or operational aspects of the study. As part of its recommendation, the FDA suggested further interactions regarding the revised SAP and engagement on the potential of the current program for regulatory decision-making. "We welcome the FDA's recommendations and are in the process of changing the primary endpoint of the Ardent trial to be annualized rate of VOCs and moving HbF response to be a key secondary endpoint," said Rahul Ballal, Ph.D., President and Chief Executive Officer of Imara. "A reduction in VOC rate is an established approval endpoint, and we are engaging the FDA further on this and related topics, including possible streamlined paths to registration." Ballal continued, "In light of this endpoint revision, the previously planned fourth quarter interim analysis will no longer occur. That interim analysis had been designed to have a focus on safety and pharmacodynamic biomarkers, including HbF, but did not include a review of VOCs. The first review of data from the Ardent trial, including annualized VOC rate, will be conducted when all subjects have completed assessment at Week 24 or terminated early, and is planned for the first quarter of 2022, subject to our upcoming discussions with the FDA. Final data analysis from the Ardent trial remains on track for the second half of 2022. In June 2021, we reported promising data from our Phase 2a and open label extension clinical trials in SCD that demonstrated reduced annualized rates of VOCs in patients treated with tovinontrine versus placebo. We expect to present updated 12-month VOC data from our ongoing Phase 2a open label extension clinical trial at the American Society of Hematology Annual Meeting in December 2021."
BGNE

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07:09 EST BeiGene begins 1st in-human Phase 1 trial of TYK2 inhibitor BGB-23339 - BeiGene announced that the first patient has been dosed in a Phase 1 clinical trial of BGB-23339, a potent, allosteric investigational tyrosine kinase 2 TYK2 inhibitor internally developed by BeiGene scientists. TYK2 is a member of the JAK family and functions as a critical mediator in cytokine signaling pathways implicated in multiple immune-mediated disorders, such as psoriasis and inflammatory bowel disease. BGB-23339 is a potent, highly selective, investigational TYK2 inhibitor targeting the regulatory pseudokinase JH2 domain. "Discovered and developed by BeiGene, BGB-23339 is a highly selective, potent, allosteric TYK2 inhibitor that has shown promising activity in preclinical evaluation," commented Lai Wang, Ph.D., Global Head of R&D at BeiGene. "Building on our proven track record in oncology, BeiGene is expanding its clinical focus to discover new modalities and platforms in areas of high unmet need, including inflammation and immunology, to bring innovative, impactful medicines to patients." The first-in-human Phase 1 trial is designed to evaluate the safety, tolerability, pharmacokinetics, and preliminary activity of BGB-23339. The trial is expected to enroll up to 115 healthy volunteers in Australia and/or China. In addition to its broad portfolio focused on hematological malignancies and solid tumors, BeiGene is applying its research excellence and clinical expertise to address inflammation and immunology, an area of high unmet medical need. BeiGene's internally developed, highly selective next-generation BTK inhibitor BRUKINSA is currently being evaluated in a Phase 2 trial in patients with active proliferative lupus nephritis. About BGB-23339 .
ZYNE

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07:09 EST Zynerba announces issuance of new patent in EU for Zygel - Zynerba Pharmaceuticals announced that the European Patent Office has issued Patent No. 3687513, titled "Treatment of Fragile X Syndrome and Autism with Cannabidiol," which includes claims directed to methods of treating one or more behavioral symptoms of Fragile X syndrome and methods of treating one or more behavioral symptoms of autism spectrum disorder by transdermally administering a therapeutically effective amount of cannabidiol, CBD. This new patent, which expires in 2038, is part of an expanding international intellectual property portfolio covering the Company's transdermal cannabidiol product candidate, Zygel CBD gel. There are currently five corresponding U.S. patents related to methods of treating Fragile X syndrome or autism spectrum disorder.
KMDA

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07:09 EST Kamada acquires portfolio of plasma-derived hyperimmune commercial products - Kamada announced that it has acquired a portfolio of four U.S. Food and Drug Administration-approved plasma-derived hyperimmune commercial products from Saol Therapeutics.. The combined annual global revenue of the acquired portfolio in 2021 is expected to be between $40 million to $45 million, with approximately 75% and 20% of sales generated in the U.S. and Canada, respectively. The acquired products' expected 2021 gross margins are between 50%-55%. The four acquired products include: CYTOGAM product indicated for the prophylaxis of cytomegalovirus disease associated with the transplantation of the kidney, lung, liver, pancreas, and heart. The product is the sole FDA-approved immunoglobulin product for this indication. Kamada's 2019 announced Contract Manufacturing Agreement was related to Cytogam. The tech transfer process for Cytogam is already well underway, and Kamada expects to receive FDA approval for manufacturing of the product and initiate commercial manufacturing of the product at its facility in Israel, by the end of 2022. WINRHO SDF is a Rho Immune Globulin Intravenous product indicated for use in clinical situations requiring an increase in platelet count to prevent excessive hemorrhage in the treatment of non-splenectomies, for Rho-positive children with chronic or acute immune thrombocytopenia, adults with chronic ITP, and children and adults with ITP secondary to HIV infection. WinRho SDF is also used for suppression of Rhesus Isoimmunization during pregnancy and other obstetric conditions in non-sensitized, Rho-negative women. The product is FDA-approved. HEPAGAM B is a hepatitis B Immune Globulin product indicated to both prevent hepatitis B virus recurrence following liver transplantation in hepatitis B surface antigen positive patients and provide post-exposure prophylaxis. The product is FDA-approved. VARIZIG is a product that contains antibodies specific for the Varicella zoster virus, and it is indicated for post-exposure prophylaxis of varicella in high-risk patient groups, including immunocompromised children, newborns, and pregnant women. VARIZIG is intended to reduce the severity of chickenpox infections in these patients. The U.S. Centers for Disease Control recommends VARIZIG for postexposure prophylaxis of varicella for persons at high-risk for severe disease who lack evidence of immunity to varicella. The product is the sole FDA-approved IgG product for this indication. Kamada's wholly-owned U.S. subsidiary, Kamada Inc., will be responsible for the commercialization of the products in the U.S., including direct sales to wholesalers and local distributers. Under the terms of the agreement, Kamada will pay Saol a $95 million upfront payment, and up to an additional $50 million in sales milestones during 2022-2034. In addition, Kamada will acquire from Saol existing inventory at an estimated value of approximately $15 million, which will be paid over 10 equal quarterly instalments. To partially fund the acquisition costs, Kamada has secured a $40 million credit facility from Bank Hapoalim, Israel's leading commercial bank. The credit facility is comprised of a $20 million 5-year term loan and a $20 million short-term revolving credit facility. During the nine months period ending on September 30, 2021, Kamada incurred approximately $0.6 million in legal and other related fees associated with completing this transaction.
CNXC CG

Hot Stocks

07:06 EST Concentrix enters definitive agreement to acquire PK - Concentrix Corporation (CNXC) announced that they have reached a definitive agreement in which Concentrix would acquire PK, a global CX design engineering company. As part of the transaction, funds managed by Global Investment Firm Carlyle (CG) will sell its majority stake in PK, after initially investing in the company in 2016. The transaction is expected to close in Concentrix' first fiscal quarter of 2022, subject to regulatory requirements and other customary closing conditions. The company said, "PK is a leading global CX digital design and engineering firm, partnering with the world's best brands to create pioneering experiences that accelerate digital outcomes for their customers, partners, and staff. With over 5,000 staff across 20 cities in four countries, PK has been recognized and awarded worldwide for designing and engineering digital experiences at scale. This acquisition marks an evolutionary milestone for Concentrix, supporting the growth strategy of investing in digital transformation to deliver exceptional customer experiences. PK gives Concentrix the ability to scale digital capabilities faster while building excellence in key high growth areas of CX Design & Development, AI, Intelligent Automation and Customer Loyalty. With a complementary client base and similar vertical focus, PK provides attractive opportunities within core and adjacent markets. The combination of two leading providers uniquely brings together the best of digital CX solutions and services." Transaction Details: Investment of approximately $1.6 billion; Expect PK to contribute approximately $530 million of revenue and $85 million of adjusted EBITDA in the first full year following the acquisition, reflecting 20% year-over-year growth for PK; Transaction expected to be financed primarily through additional bank debt borrowings under amended credit facility; Net leverage expected to be 2.5x at close on a trailing twelve-month pro forma basis. Concentrix expects to reduce net leverage within the first twelve months after the transaction closes; Expect non-GAAP diluted earnings per common share accretion of at least $0.50 in the first full year, with further accretion expected in the second full year.
LOCL LIII

Hot Stocks

07:06 EST Local Bounti to begin trading on NYSE on November 22 - Local Bounti (LOCL) announced the successful closing of its approximately $1.1B business combination with Leo Holdings III Corp (LIII) on November 19. As a result of the closing of the business combination, Leo was renamed Local Bounti. The common stock and public warrants of Local Bounti will begin trading on the New York Stock Exchange on November 22 under the ticker symbols "LOCL" and "LOCL WS," respectively.
DCPH

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07:05 EST Deciphera gets EC approval of Qinlock for 4th line GI stromal tumor - Deciphera Pharmaceuticals announced that the European Commission, EC, has approved QINLOCK, ripretinib, in the European Union, EU, for the treatment of adult patients with advanced gastrointestinal stromal tumor GIST who have received prior treatment with three or more kinase inhibitors, including imatinib1. The EC decision is applicable to all 27 European Union member states plus Iceland, Norway, and Liechtenstein. In September 2021, QINLOCK was added as a fourth-line treatment for GIST patients progressing or intolerant to imatinib, sunitinib, and regorafenib to the ESMO-EURACAN-GENTURIS clinical practice guidelines for GIST2. "The European Commission's approval of QINLOCK marks the eighth regulatory approval of this transformative medicine worldwide and is an important milestone for patients with advanced GIST in the EU who are in need of a new treatment option," said Steve Hoerter, President and Chief Executive Officer of Deciphera. "We look forward to working with health authorities to ensure that all eligible patients who can benefit from QINLOCK have access as rapidly as possible." "With a complex disease like advanced GIST, the availability of new efficacious and tolerable treatment options is critical for patients," said Jean-Yves Blay, M.D., Ph.D., professor of Medicine at the Universite Claude Bernard, Lyon, France. "The treatment of advanced GIST patients who initially respond to traditional tyrosine kinase inhibitors but eventually develop tumor progression due to secondary mutations has remained an area of high unmet medical need in Europe. In the INVICTUS study, QINLOCK demonstrated compelling clinical benefit in progression-free and overall survival and was well tolerated3. This product brings a new hope for those patients who failed currently approved kinase inhibitors." "For patients with advanced GIST, the EC approval of QINLOCK offers a much-needed therapeutic option for these patients for whom existing agents have only limited benefit," said Sebastian Bauer, M.D., medical oncologist at the West German Cancer Center in Essen. "The INVICTUS study evaluated QINLOCK in patients who had exhausted all approved options. QINLOCK showed a highly meaningful benefit, not only in terms of disease control, but for the first time in a randomized GIST trial, also overall survival when compared to best supportive care. It is also noteworthy that QINLOCK maintained quality of life in this very advanced group of patients."
LVO

Hot Stocks

07:03 EST LiveOne acquires Palm Beach Records - LiveOne announced that it has completed the acquisition of Palm Beach Records. As part of the deal, LiveOne also plans to expand the studio's music operations and launch a full-service podcast recording studio. LiveOne will use the studio to break and sign new music and podcast talent, broaden its publishing, management and recording divisions, offer exclusive content to drive new LiveOne members and use the studio for franchises and South Florida-based events - where it continues to bolster its operations and events. Palm Beach Records will operate as a stand-alone wholly-owned subsidiary of LiveOne. The acquisition is to be immediately accretive to LiveOne's earnings and strengthen LiveOne's balance sheet.
GNHAY

Hot Stocks

07:02 EST Vifor Pharma to acquire Sanifit for upfront payment of EUR 205M - Vifor Pharma and Sanifit Therapeutics announced the companies have entered into a definitive agreement. Vifor Pharma will acquire Sanifit, for the continued development and commercialization of SNF472, a novel, first-in-class inhibitor of vascular calcification for the treatment of CUA and PAD in patients with end-stage kidney disease. There are currently no approved medicines indicated for CUA or for PAD specifically in this population. SNF472 has already been granted orphan drug designation for the treatment of CUA and PAD by the US Food and Drug Administration and for CUA by the European Medicines Agency. Under the terms of the acquisition agreement, Vifor Pharma will acquire 100% of the outstanding shares in Sanifit Therapeutics, receiving full global rights for SNF472, further enhancing the company's portfolio of innovative assets. Shareholders of Sanifit will receive an upfront payment of EUR 205 million, clinical, regulatory and market access milestones for up to EUR 170 million and tiered sales-based milestones that could reach mid to high triple digit EUR millions at peak sales. Sanifit conducted a phase-IIb trial to assess the effect of SNF472 on slowing arterial calcification, a major risk factor for cardiovascular disease in dialysis patients. The trial met its primary endpoint in reducing coronary artery calcium progression in patients treated with SNF472, compared to patients receiving placebo over a 52-week period. SNF472 is currently in phase-III trials in CUA in patients on dialysis, to measure primary endpoints for wound healing and pain. A phase-III trial in PAD in patients on dialysis, is planned to commence in 2022. Closing of the transaction is contingent on customary closing conditions, including the FDI procedure in Spain and merger filings in certain countries, and is expected to take place in Q1 2022.
BIDU SNY

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07:02 EST Baidu enters license agreement with Sanofi - Baidu (BIDU) and Sanofi (SNY) have entered into an agreement to integrate Baidu's messenger ribonucleic acid design optimization platform, LinearDesign, into Sanofi's product design pipeline. Under the agreement, Sanofi will leverage the LinearDesign platform to contribute to the optimization of mRNA sequences for human therapeutic and preventive uses. This agreement marks a milestone for Baidu to use its strengths in computational biology to optimize mRNA vaccine and therapy designs in real-world pharmaceutical practice beyond Covid-19.
RGNX

Hot Stocks

07:02 EST Regenxbio announces FDA Orphan Drug Designation for RGX-202 - REGENXBIO announced the FDA granted Orphan Drug Designation for RGX-202, a potential one-time gene therapy for the treatment of Duchenne muscular dystrophy, or Duchenne. RGX-202 is designed to deliver a novel, optimized microdystrophin transgene with a unique C-terminal domain and a muscle specific promoter to support targeted therapy for improved resistance to muscle damage associated with Duchenne. RGX-202 uses REGENXBIO's proprietary NAV AAV8 vector. REGENXBIO expects to submit an Investigational New Drug application to the FDA for RGX-202 by the end of 2021. Commercial-scale cGMP material has already been produced at 1,000 liter capacity using REGENXBIO's suspension cell culture manufacturing process, and the Company's internal cGMP facility is expected to allow for production up to 2,000 liters for the clinical development of RGX-202.
MNOV

Hot Stocks

07:00 EST MediciNova announces new data from MN-166 study - MediciNova and the JASDAQ Market of the Tokyo Stock Exchange, announced that MediciNova's research collaborator, Justin Lathia, Co-Director of the Brain Tumor Research and Therapeutic Development Center of Excellence at Cleveland Clinic Lerner Research Institute, and Professor, Department of Molecular Medicine at Cleveland Clinic Lerner College of Medicine of Case Western Reserve University, presented new data regarding MN-166, or ibudilast, from a glioblastoma animal model study at the 26th Annual Meeting of the Society for Neuro-Oncology, or SNO, held November 18 - 21 in Boston. This study was a collaborative effort between MediciNova and Dr. Lathia and Dr. Michael Vogelbaum, Professor of Neurosurgery, Chief of Neurosurgery and Program Leader of the Department of Neuro-Oncology at Moffitt Cancer Center. Lathia presented efficacy data with MN-166 and PD-1 inhibitor combination therapy in GBM pre-clinical models. Models with GBM orthotopic tumors were treated with a PD-1 antibody alone and in combination with MN-166.
AEL

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06:49 EST American Equity raises quarterly dividend to 34c from 32c per share - The dividend record date is November 29 and its payment date is December 13.
PFE BNTX

Hot Stocks

06:49 EST Pfizer, BioNTech announces follow-up data of COVID-19 vaccine in adolescents - Pfizer Inc. (PFE) and BioNTech SE (BNTX) announced topline results from a longer-term analysis of the safety and efficacy of their COVID-19 vaccine in individuals 12 through 15 years of age. The updated findings from the companies' pivotal Phase 3 trial show that a two-dose series of the Pfizer-BioNTech COVID-19 Vaccine was 100% effective against COVID-19, measured seven days through over four months after the second dose. The adverse event profile was generally consistent with other clinical safety data for the vaccine, with no serious safety concerns observed in individuals with at least 6 months of safety follow-up after the second dose. These longer-term follow-up data will form the basis for a planned supplemental Biologics License Application to be submitted to the FDA to expand approval of the vaccine for use in individuals 12 years and older. The vaccine is currently available for individuals 12 to 15 years of age under Emergency Use Authorization, granted by the FDA in May 2021. The companies also plan to submit these data to pursue regulatory approvals for this age group in other countries where emergency use authorizations or equivalents were initially granted. The updated analysis of the Phase 3 clinical trial in individuals ages 12 to 15 years was conducted in accordance with guidance from the FDA for all companies investigating COVID-19 vaccines to review safety and efficacy at key milestones. Data through up to six months after the primary vaccination series are required for licensure. These data were collected from November 2020 to September 2021. Results from this analysis of 2,228 trial participants build upon and confirm previously released data and demonstrate strong protection against COVID-19. From the 30 confirmed symptomatic cases of COVID-19 in the trial with and without evidence of prior infection with SARS-CoV-2, 30 cases of COVID-19 were in the placebo group and 0 cases were in the Pfizer-BioNTech vaccine group, corresponding to vaccine efficacy of 100%. Efficacy was consistently high across gender, race and ethnicity demographics, obesity and comorbidity status. Pfizer and BioNTech plan to submit these data for scientific peer review for potential publication. The Pfizer-BioNTech COVID-19 Vaccine, which is based on BioNTech's proprietary mRNA technology, was developed by both BioNTech and Pfizer. BioNTech is the Marketing Authorization Holder in the United States, the European Union, the United Kingdom, Canada and other countries, and the holder of emergency use authorizations or equivalents in the United States and other countries. Submissions to pursue regulatory approvals in those countries where emergency use authorizations or equivalent were initially granted are planned.
AEL

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06:48 EST American Equity announces additional $500M share repurchase program - American Equity announced that its Board of Directors has authorized repurchase of an additional $500M of the company's common stock. The total available authorization for share repurchase is $736M, which the company intends to utilize to return capital to shareholders and to offset any future dilution from shares to be issued to Brookfield Reinsurance as part of its planned increased stake in the company from 9.9% to 15%-19.9%
MRK XLRN

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06:47 EST Merck completes acquisition of Acceleron - Merck (MRK) announced the successful completion of the acquisition of Acceleron Pharma (XLRN). "This is an important and strategic opportunity for our company to continue growing our cardiovascular portfolio and pipeline, that builds on our long and proud legacy in cardiovascular disease and further bolsters our business development strategy," said Rob Davis, CEO and president, Merck. "Fueled by Acceleron's groundbreaking research, we are excited to explore the opportunities and possibilities ahead to reach even more patients by addressing this critical health need."
ADGI OYST

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06:36 EST Adagio Therapeutics names Jill Andersen as chief legal officer - Adagio Therapeutics (ADGI) announced that Jill Andersen has been appointed as chief legal officer, bringing over 20 years of legal, compliance and leadership experience in the pharmaceutical industry, government and private practice. Andersen joins Adagio from Oyster Point Pharma (OYST) where she served as general counsel, corporate secretary and chief compliance officer, and recently led and supported critical components of the company's first FDA approval and product launch.
BLUE

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06:34 EST Bluebird Bio: FDA accepts BLA for betibeglogene autotemcel for priority review - Bluebird bio announced that the U.S. FDA has accepted the Biologics License Application for betibeglogene autotemcel for priority review. Beti-cel is a potentially transformative gene therapy for adult, adolescent and pediatric patients with beta-thalassemia across all genotypes who require regular red blood cell transfusions. If approved, beti-cel will be the first one-time treatment that addresses the underlying genetic cause of disease for patients living with beta-thalassemia in the U.S.-offering an alternative to regular RBC transfusions and iron chelation therapy. The agency has set a Prescription Drug User Fee Act goal date of May 20, 2022.
DPW

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06:31 EST Ault Global Holdings to change name to BitNile, split into two public companies - Ault Global Holdings announced its plan to split into two public companies by pursuing a spin-off of Ault Alliance to its stockholders. Ault Alliance will continue its focus on the company's legacy businesses and more recently initiated operations, including lending and investing in the real estate and distressed asset spaces, among others, defense, and power solutions, including EV charging products. Following the spin-off of Ault Alliance, the Company, through its BitNile subsidiary, will be a pure-play provider of Bitcoin mining and data center operations, pursuing DeFi-related initiatives. The company believes that both BitNile and Ault Alliance will, as separate public companies, be better positioned to deliver long-term growth and maximize stockholder value. Each business is expected to benefit from increased operational focus, independent capital allocation based on the needs of the businesses, dedicated and focused boards of directors and compelling investment profiles that will appeal to investors with distinct interests. The company plans to execute the spin-off of Ault Alliance in late 2022. The capital structure, leadership teams and board of directors will be determined and announced later. The proposed spin-off to stockholders is subject to the satisfaction of customary conditions, including final approval by the company's board of directors, private letter rulings from the Internal Revenue Service and/or tax opinions from counsel, and the filing and effectiveness of a Form 10 registration statement with the U.S. SEC.
HITI

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06:12 EST High Tide to acquire 80% of NuLeaf Naturals for $31.24M - High Tide announced that it is entering into a definitive agreement pursuant to which High Tide will acquire 80% of NuLeaf Naturals for $31.24M, and will have a three-year option to acquire the remaining 20% of NuLeaf at any time. Founded in 2014 with its headquarters in Denver, Colorado, NuLeaf is a producer and distributor of cannabidiol, or CBD, wellness products. NuLeaf has a distribution reach in the natural products channel and recently secured an expansion with Sprouts Farmers Market from 33 retail locations to an additional 235 stores. Over the 12 months ended September 30, NuLeaf had over 5.1M site visits and an average order value of $120. Since its inception, NuLeaf has served approximately 330,000 unique customers through its e-commerce platform, and hundreds of thousands more through their other distribution channels. NuLeaf generated gross margins of 71% and adjusted EBITDA margins of 25% during the 12 months ended September 30, both of which are accretive to High Tide's consolidated margin profile. The transaction, which is an arm's length transaction, is subject to, among other things, receipt of required TSX Venture Exchange approval, and other customary conditions of closing, is expected to close in the coming weeks, implies an enterprise valuation of $39.05M, representing 7.1 projected 2021 adjusted EBITDA and recognition for $1.7M recently spent on upgrading NuLeaf's cGMP-certified facility. The consideration for the 80% acquired will be $31.24M in common shares of High Tide on the basis of a deemed price per High Tide Share equal to the volume weighted average price per High Tide Share on Nasdaq for the 10 consecutive trading days preceding closing of the transaction. Upon closing, NuLeaf Naturals will have approximately $500,000 of cash and inventory of approximately $500,000. In addition to the foregoing, NuLeaf's owners have agreed to grant High Tide an option to acquire all the remaining interests in NuLeaf not held by High Tide, and become the sole owner of NuLeaf, at an enterprise value equal to the trailing twelve months of adjusted EBITDA multiplied by 7.1. The call option will be exercisable at any time for a period of three years following the closing. In addition, High Tide has agreed to grant NuLeaf's owners an option to put to High Tide the remaining interests in NuLeaf not held by High Tide, at the same enterprise value of the call option. The put option will be exercisable by NuLeaf's owners for a period of 18 months following the 18 month anniversary of the closing. The consideration under the call option or the put option, if exercised, will be satisfied in cash. The High Tide Shares issued pursuant to the consideration are subject to a statutory hold period of four months and one day.
GENI

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06:07 EST Genius Sports signs new agreement with FanDuel - Genius Sports announced a new agreement with FanDuel Group to provide a range of official NFL data, content, media products and trading services. In April 2021, FanDuel was selected as one of the NFL's official sports betting partners.
HITI

Hot Stocks

06:05 EST High Tide to acquire 80% of NuLeaf Naturals for $31.24M - High Tide is pleased to announce that it is taking another step towards solidifying itself as a major player within the global marketplace for hemp-derived CBD products, by entering into a definitive agreement pursuant to which High Tide will acquire 80% of NuLeaf Naturals for $31.24M, and will have a three-year option to acquire the remaining 20% of NuLeaf at any time. The Transaction, which is an arm's length transaction, is subject to, among other things, receipt of required TSX Venture Exchange approval, and other customary conditions of closing, is expected to close in the coming weeks, implies an enterprise valuation of $39.05M, representing 7.1 projected 2021 Adjusted EBITDA and recognition for $1.7M recently spent on upgrading NuLeaf's cGMP-certified facility. The consideration for the 80% acquired will be $31.24M in common shares of High Tide on the basis of a deemed price per High Tide Share equal to the volume weighted average price per High Tide Share on Nasdaq for the 10 consecutive trading days preceding closing of the Transaction. Upon closing, NuLeaf Naturals will have approximately $500,000 of cash and inventory of approximately $500,000.
MMC

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06:05 EST Marsh McLennan, BitSight announce cybersecurity collaboration - BitSight and Marsh McLennan announced a collaboration to help organizations better understand, measure, and manage their cyber risks. Marsh McLennan's recently announced Cyber Risk Analytics Center will leverage BitSight Security Ratings, data, and analytics. With access to BitSight, clients can receive this information, identify potential vulnerabilities, and put mitigation strategies in place. The two firms also will pool their insights to collaborate on joint research and analysis.
VCTR

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06:04 EST Victory Capital stockholders approve elimination of dual-class share structure - Victory Capital Holdings announced that its stockholders approved the Company's previously announced proposal to eliminate the Company's dual-class share structure at a Special Meeting of Stockholders held on November 19. As a result of the stockholders' vote, upon the filing with the Secretary of State of Delaware of Victory Capital's amended and restated charter, Victory Capital's Class B common stock will convert into Class A common stock on a one-for-one basis, and the Company will have a single class of common stock. As a result, all holders of the Company's common stock will have identical economic and voting rights. Approximately 90% of the votes eligible to be cast at the Special Meeting of Stockholders were present either in-person or by proxy, and 99.99% of the votes cast were cast in favor of the Proposal. All stock certificates for Class A common stock or Class B common stock will automatically represent shares of Victory Capital's common stock and continue to trade under the ticker symbol "VCTR". No further stockholder action is required.
KBR

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06:02 EST KBR awarded three-year contract by Dyno Nobel - KBR announced that it has been awarded a three-year contract by Dyno Nobel to provide digital plant performance monitoring and advisory services for its ammonia plant in Waggaman, Louisiana. Under the terms of the contract, KBR will provide its proprietary digital solution and technical advisory services for the process and equipment health of the plant using the KBR Insite platform.
MTEX

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06:02 EST Mannatech declares special cash dividend - Mannatech announced that its Board of Directors declared a cash dividend of $1.70 per share of common stock, payable on Wednesday, December 29, to shareholders of record at the close of business on Wednesday, December 15. This dividend combines the quarterly dividend amount of 20c per share with a special dividend amount of $1.50 per share and demonstrates the Company's commitment to rewarding shareholders and encouraging long-term investment in Mannatech's common stock.
FAT

Hot Stocks

06:01 EST Fat Brands to acquire Native Grill & Wings for $20M - Fat Brands announced that it has agreed to acquire Native Grill & Wings, an Arizona-based restaurant chain known for its cult-like following and 20 wing flavors that guests can order by the individual wing, for $20M from Wingtime, LLC, a subsidiary of Cybeck Capital Partners, LLC. Marking FAT Brands' third chicken wing concept, the acquisition of Native Grill & Wings will be funded with cash from the issuance of new notes from the company's securitization facilities and is expected to close in mid-December 2021.
AMZN

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05:36 EST Amazon Web Services selected by adidas AG as preferred cloud provider - Amazon Web Services, or AWS, an Amazon company, announced that adidas AG has selected AWS as its preferred cloud provider for SAP workloads. With this announcement, adidas will migrate its SAP environment to AWS and implement a modern SAP S/4HANA platform. Running these business-critical SAP workloads in the cloud will enable adidas to digitize core business processes across its value chain to provide better consumer experiences, become a more data-driven business, and support new business models such as direct-to-consumer.
OBSV

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05:32 EST ObsEva announces FDA acceptance of linzagolix NDA - Obseva announced that the new drug application, or NDA, for linzagolix for the management of heavy menstrual bleeding associated with uterine fibroids in premenopausal women has been accepted for review by the FDA. The submission is based on data from the two Phase 3 PRIMROSE trials. Linzagolix has a differentiated profile and if approved, would be the first and only GnRH receptor antagonist with flexible dosing options for uterine fibroids, including a low dose option to address the needs of women who cannot or do not want to take hormones. The FDA set a target action date of September 13, 2022 for this NDA under the Prescription Drug User Fee Act.
AMYT

Hot Stocks

05:29 EST Amryt Pharma announces intention to delist from AIM - Amryt Pharma announced its intention to cancel the admission of its ordinary shares to trading on AIM with effect from 7:00 a.m. on January 11. The company's last day of trading on AIM will be January 10. Amryt will retain its listing on Nasdaq, each representing five ordinary shares, under its existing ticker symbol.
VG

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05:26 EST Ericsson enters agreement to acquire Vonage for $21 per share of $6.2B - Ericsson (ERIC) has entered into an agreement to acquire Vonage (VG) for $21 per share, which represents a total acquisition price of approximately $6.2B. The merger agreement was approved unanimously by the board of Vonage. The merger consideration represents a premium of 28% to Vonage's closing share price on November 19. The acquisition will be financed through Ericsson's existing cash resources, which amounted to SEK 88B as of 30 September 2021. The transaction is expected to "deliver near-term revenue synergy opportunities, including white-labelling and cross-selling of the combined product portfolio estimated to contribute USD 0.4 billion by 2025. Ericsson also expects to achieve some cost efficiencies following completion of the transaction." On completion, Vonage will become a wholly owned subsidiary of Ericsson and will continue to operate under its existing name. It will be reported as a separate segment in Ericsson accounts. Ericsson said it remains "fully committed" to previously communicated financial targets, including long-term EBITA margins of 15%-18%; long term free cash flow before acquisitions of 9%-12% of sales; and a 2022 target EBIT margin of 12%-14% for Ericsson Group excluding Vonage. Completion of the transaction is expected within the first half of 2022.
NCTY

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05:22 EST The9 NFT platform announces exclusive license agreement with Neymar - The9 announced that its NFT community and trading platform NFTStar has signed an exclusive license agreement with Neymar da Silva Santos Junior, a soccer player. NFTStar will develop, sell, and trade NFT collectibles authorized by NR Sports, a company specialized in image management, exclusively acting in Neymar Jr.'s career..
VG ERIC

Hot Stocks

05:22 EST Ericsson to acquire Vonage for $21 per share or $6.2B in cash
AMZN

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05:21 EST Amazon announces deals for Cyber Monday weekend - Amazon revealed a sneak peek of the thousands of deals customers can shop during its Cyber Monday deals weekend, which kicks off on Saturday, November 27, and runs through Monday, November 29. All weekend long, customers can also shop thousands of deals from independent selling partners, most of which are small and medium-sized businesses. Recently, Amazon announced plans to add 125,000 full- and part-time roles, plus an additional 150,000 seasonal jobs.
HCHDF

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05:07 EST Hochschild acknowledges alleged environmental complaints at Peru mines - Hochschild Mining said it has learnt through various media outlets of minutes of a meeting signed by the Peruvian Head of Cabinet, certain vice-ministers as well as regional authorities in the town of Coracora in the Ayacucho region. The minutes refer to alleged environmental complaints, and state that a commission has been constituted in order to negotiate the timetable and terms for the closure of certain mining projects in southern Ayacucho, including the Company's Pallancata and Inmaculada mines, the company said in a statement. The Peruvian Head of Cabinet subsequently indicated that approvals will no longer be granted to facilitate additional mining or exploration activities in relation to these mining operations. The company has not received any formal communication from the government regarding this matter. Hochschild believes "this conduct by the Peruvian Head of Cabinet is not in accordance with Peruvian law and is wholly without merit. Accordingly, Hochschild will vigorously defend its position and take all action necessary to ensure that the rights of the Company and its wholly-owned subsidiaries under Peruvian and international law are respected." Reference Link
ZY

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04:36 EST Zymergen CEO Flatley buys 100,000 shares for $1M - Zymergen CEO Jay Flatley disclosed the purchase of 100,000 shares for $1M. The CEO bought the shares on November 17 at a price of $10. Flatley now owns 144,789 shares of Zymergen.