Stockwinners Market Radar for September 04, 2018 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
SMTC | Hot Stocks20:02 EDT Semtech announces volume production for ClearEdge CDR - Semtech announced mass production of a fully integrated quad 28G ClearEdge CDR with single-ended electro-absorption modulated lasers laser driver. It offers the industry's lowest power, consuming only 790 mW at maximum, 1.5 Vppse swing, in a 6mm x 5mm package with integrated bias-T passive components.
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WWE FB | Hot Stocks20:01 EDT WWE's Mixed Match Challenge to return for 2nd season on Facebook Watch - Facebook (FB) and WWE (WWE) announced that the in-ring series, Mixed Match Challenge, will return for season 2, streaming live exclusively on Facebook Watch on Tuesday nights beginning September 18 at 10 p.m. ET. The series will be available in the U.S. and, for the first time, now stream live on Facebook Watch in Australia, Brazil, France, Germany, Indonesia, Mexico, Philippines, Spain, Thailand and Vietnam. Fans can follow the Mixed Match Challenge Facebook Page to add episodes to their personal Watchlists. New elements for season 2 include: 14 episodes, each 30 minutes in length; a round-robin elimination format; two matches in each show; and an interactive pre-show beginning at 9:50 p.m. ET. In addition, the season 2 finale will take place during WWE's TLC pay-per-view event on Sunday, December 16.
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COUP... | Hot Stocks19:00 EDT Fly Intel: After Hours Movers - UP AFTER EARNINGS: Coupa Software (COUP) up 12.8%... Smartsheet (SMAR) up 3.6%. ALSO HIGHER: Tesaro (TSRO) up 10.8% after expanding to 2nd stage of Jasper trial of Zejula in combo with TSR-042... Dova Pharma (DOVA) up 2.5% after submitting sNDA to FDA for DOPTELET... USA Compression (USAC) up 0.8% after being initiated at Overweight at MUFG. DOWN AFTER EARNINGS: Caleres (CAL) down 10.8%... HealthEquity (HQY) down 5.8%... RH (RH) down 4.8%... Workday (WDAY) down 2.7%. ALSO LOWER: PetIQ (PETQ) down 8.0% after filing mixed securities shelf... Tilly's (TLYS) down 5.5% after offering common stock for holders... ADT Inc (ADT) down 1.5% after announcing CEO resignation.
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BJRI | Hot Stocks18:59 EDT BJ's Restaurants director Bouts sells 20,000 common shares - In a regulatory filing, BJ's Restaurants director Larry D. Bouts disclosed the sale of 20,000 common shares of the company at a price of $74.69 per share.
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AFL | Hot Stocks18:25 EDT Aflac says U.S. District Court tossed out suit against company - Aflac released a statement on a U.S. District Court's decision to toss out a lawsuit against the company. "Aflac Incorporated is pleased that the derivative suit filed against the company late last year by three current or former independent agents has been dismissed in its entirety. The suit had no merit. The company has been open and transparent from day one, even posting the reports from the independent Special Litigation Committee on the company's website for the purpose of full disclosure. The judge determined that the SLC was indeed independent and that it conducted a thorough, reasonable and good faith investigation with the assistance of non-conflicted, independent counsel. Justice has been served as this case is now dismissed," said Audrey Boone Tillman, general counsel Aflac Incorporated.
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OMAB | Hot Stocks18:11 EDT OMA Airports reports August passenger traffic up 8.9% from last year - Grupo Aeroportuario del Centro Norte, known as OMA, reports that terminal passenger traffic at its 13 airports increased 8.9% in August 2018, as compared to August 2017. Domestic traffic increased 9.4%, and international traffic increased 5.1%.
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CE | Hot Stocks18:03 EDT Celanese raises prices for Engineered Materials Polymer products - Celanese announced price increases on its Polyamide 66 and Polyamide 6 compounded engineering plastics including Celanyl, Nilamid, Frianyl, Ecomid, Nylfor, Nivionplast, and Omnilon. The price increases will be effective for orders shipped on or after September 17, 2018, or as contracts otherwise allow. The price increases include 35c per lb for Polyamide 66 compounded products, 10c per lb for Polyamide 6 compounded products, and 10c per lb for Ecomid / Nylfor products.
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AGIO | Hot Stocks17:58 EDT Agios Pharmaceuticals announces Jacqualyn Fause to become new CEO - Agios Pharmaceuticals announced that effective February 1, 2019, David Schenkein, M.D., will transition to the role of executive chairman of the board of directors and serve as a member of the board's Science & Technology Committee, after a successful decade-long tenure as chief executive officer. Jacqualyn Fouse, Ph.D., a member of the company's board, has been named as Agios' next chief executive officer. Prior to joining Agios' board in December 2017, Dr. Fouse served as president and chief operating officer of Celgene Corporation, a global biopharmaceutical company, until April 2017, and as a member of its board through June 2017. Dr. Fouse joined Celgene in 2010 as chief financial officer and was named president of the company's global hematology and oncology franchise in 2014. Prior to joining Celgene, Dr. Fouse served as chief financial officer of Bunge Limited, a leading agribusiness and food company. Earlier in her career, she held senior roles at Alcon Laboratories and various international companies.
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GG | Hot Stocks17:40 EDT Goldcorp reports project milestones toward production increase and cost decrease - Goldcorp is pleased to report significant progress on key permitting and project milestones which will contribute both to our five-year 20/20/20 plan to increase gold production and gold reserves by 20%, while decreasing all-in sustaining costs per ounce by 20%, and to our Beyond 20/20 growth opportunities. At Borden, bulk sample extraction began in August 2018, two months ahead of schedule, with operating permits expected in the fourth quarter of 2018. The mine electrification process is underway, and commercial production remains on track for the second half of 2019. The Century prefeasibility study remains on schedule for completion in the fourth quarter of 2018, and the associated project description has been submitted and is currently undergoing a 20-day public comment period in order to move on to the next stage of permitting. The Coffee project completed the adequacy review phase of the permitting process with Yukon Environmental and Socio-economic Assessment Board (YESAB) in August, 2018 and has now entered a 30 to 60 day public comment period. Production is still expected to commence in 2021. At Penasquito, the Pyrite Leach Project has completed construction with commissioning further accelerated to the third quarter of 2018, two quarters ahead of schedule. First gold and commercial production are expected in the fourth quarter.
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CHDN | Hot Stocks17:34 EDT Churchill Downs, Keeneland joint venture applies to build $125M racing facility - A joint venture between Churchill Downs and Keeneland Association filed an application with the Kentucky Horse Racing Commission requesting live standardbred racing dates at CDI's old Louisville Downs racing venue located at Derby City Gaming in Louisville for 2019 and in 2020 at its proposed venue in Oak Grove. The 2019 meet is a critical, short-term measure to support the standardbred racing circuit and bridge the gap to future races in 2020 at the new Oak Grove racing venue. If approved by the KHRC, beginning in 2020, live standardbred racing would permanently move to the proposed Oak Grove venue in Christian County raising the profile of the Kentucky circuit and building larger purses in the process. The proposed facility in Oak Grove represents a $125MM economic development project for Christian County, creating nearly 400 direct full and part time equivalent positions and an estimated 800 direct construction jobs. Aspects of the project include a historical racing machine facility featuring up to 1,500 machines, a 125-room hotel with event center and food/beverage venues, a 1,200-person capacity grandstand and event space for indoor events, a 3,000-person capacity outdoor amphitheater and stage, and a state-of-the-art equestrian center including indoor and outdoor arenas.
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BHC | Hot Stocks17:34 EDT US WorldMeds And Salix Pharmaceuticals to highlight LUCEMYRA data - US WorldMeds and Salix Pharmaceuticals, a wholly owned subsidiary of Bausch Health Companies, will present data evaluating the efficacy and safety of LUCEMYRA, lofexidine, 0.18 mg tablets at the 2018 PAINWeek Conference in Las Vegas from September 4-8. LUCEMYRA is the first and only non-opioid medication indicated for mitigation of opioid withdrawal symptoms to facilitate abrupt opioid discontinuation in adults.
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FNKO | Hot Stocks17:28 EDT Paul G. Allen reports 5.1% passive stake in Funko
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CALA | Hot Stocks17:26 EDT Biotechnology Value Fund reports 5.6% passive stake in Calithera Biosciences
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FPRX | Hot Stocks17:26 EDT Biotechnology Value Fund reports 6.1% passive stake in Five Prime
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AMPE | Hot Stocks17:17 EDT David Bar-Or retires as Ampio Chief Science Officer - Ampio Pharmaceuticals announced that Dr. Bar-Or has decided to retire, effective September 30, 2018, from his full-time position of Chief Science Officer of Ampio but is retaining his positions on the Board of Directors and Scientific Advisory Board.
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CBPO | Hot Stocks17:17 EDT Hillhouse Capital Management reports 7.2% passive stake in China Biologic
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CLDR RHT | Hot Stocks17:04 EDT Cloudera launches end-to-end IoT architecture - Cloudera (CLDR) announced the launch of an end-to-end, open source Internet of Things architecture in collaboration with Red Hat (RHT) and Eurotech. Enterprises now have a modern IoT architecture that is scalable, secure, and technologically advanced without vendor lock-in. Organizations that bought into proprietary IoT platforms are finding themselves tied to limited functionality, locked into a particular vendor, and unable to scale. Enterprises have had to piece together multiple vendors' solutions, manage all of the complexities of integration, and deal with security risks of the patchwork, only to end up with incompatible connectivity, a rigid architecture from black box solutions, and minimal interoperability. These setbacks cause businesses to miss out on technological advances such as machine learning, real-time decision-making, and cloud/hybrid flexibility. Cloudera with Red Hat, the world's leading provider of open source software solutions, and Eurotech, a long-time leading provider of industrial embedded hardware, have collaborated to develop an end-to-end architecture that is based on open standards and is integrated, flexible and runs on multi- or hybrid-cloud environments. This architecture is designed to provide the foundational components that organizations need to quickly and securely roll out IoT use cases. This modular architecture also features end-to-end data management and analytics capabilities, including the ability to push machine learning and intelligence back out to the 'edge' for real-time decision making. From onboarding and managing connected devices or 'things,' to enabling protocol translation and performing analytics at the edge; from delivering real-time analytics and machine learning on IoT data to accelerating application development cycles, and enabling integration with enterprise applications, the architecture enables enterprises to accelerate their IoT deployments while ensuring end-to-end data security and compliance.
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VVV | Hot Stocks17:04 EDT Valvoline to acquire Oil Changers in Canada - Valvoline announced that it has signed a definitive agreement to acquire the business assets of Oil Changers, which has 31 franchised quick-lube centers in Ontario. The acquisition is expected to be complete during Q1 2019. Financial terms were not disclosed. Oil Changers, based in Ottawa, Ontario, was founded in 1996 and currently operates in five locations and plans to remain in the quick lube business as franchisees. All Oil Changers quick-lube centers will be rebranded as Great Canadian Oil Change. This acquisition will expand Valvoline's existing quick-lube network to more than 1,250 company-owned and franchised locations across Canada and the United States.
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ZYME LLY | Hot Stocks17:01 EDT Zymeworks announces milestone in partnership with Eli Lilly, will receive $2M - Zymeworks (ZYME) reported the achievement of a development milestone in its collaboration with Eli Lilly (LLY). In accordance with Zymeworks' 2013 licensing and collaboration agreement with Lilly, Zymeworks will receive a milestone payment of $2.0 million for Lilly's submission of an IND application for a bispecific antibody enabled by Zymeworks' proprietary Azymetric(TM) platform. Previously, Zymeworks announced Lilly's nomination of two bispecific immuno-oncology drug candidates for late-stage preclinical development. Under its two licensing and collaboration agreements with Lilly, Zymeworks has granted Lilly worldwide licenses to research, develop and commercialize multiple bispecific therapeutics directed towards Lilly's targets. To date, Zymeworks has received an upfront licensing payment and multiple research milestone payments under these agreements, in addition to historical equity investments made by Lilly in Zymeworks. Zymeworks is also eligible to receive further development and commercial milestone payments and tiered royalties on global product sales.
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SFET | Hot Stocks16:56 EDT Alpha Capital Anstalt reports 8.43% passive stake in Safe-T
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WDAY | Hot Stocks16:51 EDT Workday sees Q3 subscription revenue $609M-$611M. - Says guidance inclusive of Adaptive Insights contribution. Says Adaptive Insights has been operating under the Workday business segment since its acquisition closed on August 1. Says Q2 revenue outside of the U.S. was up 48%. Comments taken from Q2 earnings conference call.
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RDUS | Hot Stocks16:49 EDT Integrated Core Strategies reports 6.7% passive stake in Radius Health
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RP | Hot Stocks16:45 EDT RealPage CFO Bryan Hill sells over $1.5M in company stock - RealPage CFO Bryan Hill disclosed in a filing that he had sold 25,000 shares of company stock at $61.55 per share on August 30. The total transaction value of the sale was $1,538,750.
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IDRA | Hot Stocks16:42 EDT Castellina Ventures reports 7.9% passive stake in Idera Pharmaceuticals
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MNST | Hot Stocks16:41 EDT Monster Beverage officer Emelie Tirre sells more than $1M in company stock - Monster Beverage officer Emelie Tirre disclosed in a filing that he had sold 17,000 shares of Monster Beverage stock at an average share price of $60.91 on August 30. The total transaction value of the share sale was 1,035,470.
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DNN | Hot Stocks16:36 EDT Denison Mines to buy 100% of Cameco's interest in Wheeler River project for $16M - Denison Mines is pleased to announce that it has entered into an agreement with Cameco Corp to increase its ownership in the Wheeler River Uranium Project through the acquisition of Cameco's minority interest in the Project (the "Transaction"). View PDF version. Pursuant to the terms of the Transaction, Denison has agreed to acquire 100% of Cameco's interest (expected to be approximately 24% by the end of 2018) in the Wheeler River Joint Venture, in exchange for the issuance of 24,615,000 common shares of Denison at a deemed price of $0.65 per share, for total consideration valued at approximately $16M. The acquisition of Cameco's interest in the Wheeler River JV will increase Denison's interest in the Project to 90%, or approximately 86.84% if JCU exercises its ROFR.
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ROSE | Hot Stocks16:36 EDT Rosehill Resources names Gary C. Hanna interim president, CEO - Rosehill Resources announced that the chairman of the company's board of directors, Gary C. Hanna, has been appointed to also serve as the interim president and CEO of the company and its sole subsidiary, Rosehill Operating Company, LLC, effective immediately and until the search for a new president and CEO is complete. Hanna succeeds J. A. Townsend, the company's prior president and CEO. The company previously announced Townsend's retirement in April 2018.
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ROSE | Hot Stocks16:34 EDT Rosehill Resources appoints Gary Hanna as interim CEO - Rosehill Resources announced that the chairman of the company's board, Gary Hanna, has been appointed to also serve as the interim president and CEO of the company and its sole subsidiary, Rosehill Operating Company, LLC, effective immediately and until the search for a new president and CEO is complete. Hanna succeeds J. A. Townsend, the company's prior president and CEO. The company previously announced Townsend's retirement in April 2018.
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TIER | Hot Stocks16:34 EDT Tier REIT completes lease with Fortune 100 company for entirety of Domain 12 - TIER REIT announced it has completed a lease with a Fortune 100 company for the entirety of its Domain 12 development project. Domain 12 is a 320,000 square foot office tower currently under construction within The Domain in Austin, Texas, and is expected to deliver in fourth quarter 2019. Additionally, the Company announced today that it expects to commence construction on Domain 10, a 300,000 square foot office tower, in October 2018. Scott Fordham CEOr, commented, "We are pleased to have such strong tenant demand within The Domain. In addition to fully leasing our Domain 12 development project more than a year in advance of its anticipated completion, we believe we are well positioned to commence development of Domain 10 next month with letters of intent exceeding 350,000 square feet." Mr. Fordham continued, "Looking beyond Domain 10, we are fully designed and entitled at Domain 9, a 330,000 square foot prospective development that can accommodate additional office demand within The Domain." "We are poised to capitalize on these value-creating development opportunities as a result of approximately $130 million in gross proceeds raised in 2018 through the Company's at-the-market equity offering program, and planned property dispositions," added Mr. Fordham.
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EGLE | Hot Stocks16:33 EDT Eagle Bulk Shipping to purchase of up to 37 exhaust gas cleaning systems - Eagle Bulk Shipping announced that it has entered into a series of agreements (the "Agreements") for the purchase of up to 37 exhaust gas cleaning systems which are to be retrofitted on vessels within its fleet. The Agreements are comprised of firm orders for 19 scrubbers and up to an additional 18 units, at the Company's option. The projected cost, including installation, is approximately $2M per scrubber system. The Company intends to complete the retrofit of all 19 vessels prior to the January 1, 2020 implementation date of the new sulphur emission cap regulation, as set forth by the International Maritime Organization. Eagle Bulk, in partnership with a global engineering firm, has developed a scrubber installation program whereby a significant amount of the required retrofit work will be carried out onboard the vessels while at sea and trading, thereby reducing off-hire time as compared with a typical shipyard installation.
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CDE | Hot Stocks16:31 EDT Coeur Mining announces commercial production at its new Silvertip operation - Coeur Mining is pleased to announce that it declared commercial production effective September 1, 2018 at its new high-grade Silvertip silver-zinc-lead mine located in northern British Columbia. During August, processing rates averaged approximately 450 mtpd, up from approximately 350 mtpd during July and approximately 250 mtpd during June. Processing rates regularly ranged between 500 to 650 mtpd during August and exceeded 800 mtpd late in the month. During the same time, plant availability improved to 80%, up from 75% in July and 65% in June. Through July, the Company has invested a total of $51.3 million in Silvertip, including $29.8 million of capitalized operating expenses, $8.0 million of capitalized resource infill drilling and $2.1 million of expensed resource expansion drilling. Near-term priorities for the Company include the construction of improved camp facilities, acceleration of underground development activity and the introduction of long hole stope mining to selected areas. As of August 31, 2018, Silvertip had 250 employees.
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ADRO | Hot Stocks16:27 EDT Aduro Biotech announces data publication on APRIL in MM in Leukemia - Aduro Biotech announced the publication of a peer reviewed paper in Leukemia authored by scientists from the Dana Farber Cancer Institute and Aduro as part of their ongoing collaboration to study the role of APRIL in multiple myeloma . The authors profile the impact that APRIL, acting through its receptor TACI , has on immune regulatory T cells in MM. The paper further reports that APRIL binding to TACI contributes to the immunosuppressive and treatment resistant MM bone marrow microenvironment, an effect that could potentially be mitigated by anti-APRIL antibody, BION-1301. Aduro is currently advancing BION-1301 in a Phase 1/2 dose escalation trial for the treatment of MM. Key findings from the study include the observation that TACI expression is significantly higher in Tregs than conventional T cells from the same patient. APRIL significantly stimulates proliferation and survival of these Tregs, whereas a neutralizing anti-APRIL antibody may inhibit these effects. Furthermore, the paper explained how APRIL specifically augments Tregs to enhance MM cell survival. "It is now well-known that APRIL acts through its two receptors TACI and BCMA , the most specific MM antigen expressed at high levels in malignant plasma cells/B cells of all MM patients. Our newest findings from this study indicate that an anti-APRIL antibody such as BION-1301 may have the potential to treat MM through a differentiated mechanism of action, not only by inhibiting APRIL binding to BCMA, but also stimulating immunity to cancer by blocking APRIL binding to TACI," commented Dr. Yu-Tzu Tai, lead author and Principal Scientist in Medical Oncology at the Dana-Farber Cancer Institute.
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TSRO | Hot Stocks16:22 EDT Tesaro expands to 2nd stage of Jasper trial of Zejula in combo with TSR-042 - TESARO announced it has initiated the second stage of the JASPER study that is designed to assess clinical benefit of ZEJULA in combination with an anti-PD-1 antibody in first-line non-small cell lung cancer, NSCLC, patients. The decision to advance the trial was based on achieving the protocol defined response criteria in the initial cohort of 16 treated patients with high PD-L1 expression, of which 14 were evaluable for a response. Nine of the 14 patients had objective responses by RECIST criteria at the time of the analysis1; with all 14 patients experiencing tumor shrinkage."These JASPER data provide preliminary evidence that the combination of ZEJULA and an anti-PD-1 antibody could be active as a first-line treatment for patients with non-small cell lung cancer and high levels of PD-L1 expression," said Mary Lynne Hedley, Ph.D., President and COO of TESARO. "In the second stage of the trial, 36 additional patients will be enrolled and treated with ZEJULA in combination with TSR-042, our anti-PD-1 antibody. TSR-042 is the foundation of our lung cancer strategy, and is also being studied as a monotherapy in our GARNET trial in anti-PD-1 naive patients who have progressed on chemotherapy, and in combination with TSR-022, our anti-TIM-3 antibody, in AMBER, a study in late-line NSCLC patients that have progressed after anti-PD-1 therapy. We look forward to sharing lung cancer data from both GARNET and AMBER at the Society for the Immunotherapy of Cancer, SITC, Annual Meeting in November."
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DOVA | Hot Stocks16:19 EDT Dova submits sNDA for DOPTELET for chronic ITP treatment - Dova Pharmaceuticals announced the submission of a supplemental New Drug Application, sNDAto the U.S. Food and Drug Administration for DOPTELET, avatrombopag, the Company's second generation, orally administered thrombopoietin receptor agonis, TPO-RA, seeking approval for the treatment of adult patients with immune thrombocytopenia (ITP) who have had an insufficient response to a previous treatment. The FDA previously granted orphan drug designation to avatrombopag for this indication. DOPTELET was recently approved by the FDA in May 2018 for the treatment of thrombocytopenia in adult patients with chronic liver diseasewho are scheduled to undergo a procedure. "Following the exciting last few months with the approval and launch of DOPTELET for patients with CLD, Dova continues its forward momentum with the submission of our sNDA for DOPTELET for the treatment of patients with ITP," said Alex C. Sapir, President and CEO of Dova. "This represents another significant achievement for Dova that has the potential to expand the treatment applications for DOPTELET and validate its use for an additional indication. Despite the availability of two approved TPO receptor agonists for the treatment of chronic ITP, there remains an important unmet medical need." "Given DOPTELET's convenient oral route of delivery, combined with its lack of hepatotoxicity or need for strict dietary restrictions with its administration, we believe DOPTELET, if approved by the FDA, is well-differentiated and has the potential to capture a meaningful share of the $1.5 billion global ITP market," Mr. Sapir added.
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D SCG | Hot Stocks16:18 EDT Dominion and Scana merger achieves milestone - The proposed combination of Dominion Energy (D) and SCANA (SCG) has achieved another significant milestone. The U.S. Nuclear Regulatory Commission, or NRC, has approved the indirect transfer of the Operating License for V.C. Summer Unit 1 and of the Combined Licenses, or COLs, for V.C. Summer Units 2 and 3 from SCANA's wholly owned subsidiary, South Carolina Electric & Gas, to Dominion Energy. This constitutes one of several regulatory approvals required by the merger agreement between the two companies.
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MRCY | Hot Stocks16:16 EDT Mercury Systems receives $10.3M order - Mercury Systems announced it received a $10.3M order from a leading defense prime contractor for secure, rugged, embedded processing subsystems to perform advanced sensor processing on a mobile platform. The order was booked in the company's Q4 and is expected to be shipped over the next several quarters.
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HRTG | Hot Stocks16:16 EDT Heritage Insurance names Arash Solemani as EVP and head of Investor Relations - Heritage Insurance Holdings announced that Arash Solemani joined the management team at Heritage as an Executive Vice President & Director of Investor Relations. Mr. Solemani was previously a sell-side analyst for 9 years at Keefe, Bruyette & Woods, a financial services specialist, and its parent company, Stifel. During his tenure at KBW, Arash focused on the P&C insurance industry. He is widely regarded as an insurance industry expert, and is the only analyst that covered all five publicly traded homeowners insurance companies in Florida. Prior to KBW, Mr. Solemani worked in Deloitte's Audit and Enterprise Risk Services division as a CPA.
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HAYN | Hot Stocks16:15 EDT Haynes appoints Michael Shor CEO - Haynes International announced that its board has unanimously appointed Michael Shor as the company's president and CEO, effective September 1. Shor has served as interim president and CEO of the company since May 29, is a thirty-year veteran of the metals industry and has been a member of the board of the company since 2012, serving as its chairman from 2017 until his appointment as president and CEO.
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ALV | Hot Stocks16:15 EDT Autoliv chairman sells 42,589 common shares - In a regulatory filing, Autoliv chairman Jan Carlson disclosed the sale of 42,589 common shares of the company at a price of $89.53 per share.
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VECO | Hot Stocks16:13 EDT Veeco announces CEO transition - Veeco Instruments announced that John Peeler, chairman and CEO, will transition to the role of executive chairman, effective October 1. William Miller, currently president, will become CEO and will join the company's board of directors bringing the size of the board to eight. Additionally, Shubham Maheshwari will be named COO and will continue in his role as CFO.
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HQY | Hot Stocks16:13 EDT HealthEquity reports HSAs 3.6M as of July 31 - "The total number of HSAs for which we serve as a non-bank custodian as of July 31 was 3.6M, an increase of 23% from 2.9M as of July 31, 2017. Additionally, total Active HSA Members as of July 31, 2018 was 2.9Mn, an increase of 19% from 2.5 million as of July 31, 2017. An Active HSA Member is an HSA Member that (is associated with a Health Plan and Administrator Partner or an Employer Partner, in each case as of the end of the applicable period; or (has held a custodial balance at any point during the previous twelve month period.Total Custodial Assets as of July 31, 2018 was $7B, an increase of 31% year over year, consisting of:Custodial Cash Assets of $5.5B, an increase of 23% compared to July 31, 2017; andCustodial Investment Assets of $1.5B, an increase of 72% compared to July 31, 2017.
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MRLN | Hot Stocks16:11 EDT Marlin Business CFO W. Taylor Kamp leaves company - Marlin Business Services Corp. announced that W. Taylor Kamp has left his position as senior VP and CFO, effective today. Kamp will remain with Marlin as a consultant through the end of this year to assist in the transition of the company's finance and accounting functions. Executive search firm Korn Ferry has been engaged to assist the company in leading a comprehensive search process to identify Kamp's successor.
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RRGB | Hot Stocks16:10 EDT Red Robin COO Carin Stutz leaves role, Guy Constant to succeed - Red Robin announced a change in the company's restaurant operations leadership. Guy Constant, who currently serves as the company's executive VP and CFO, will move to the role of executive VP and COO for Red Robin upon the hiring of a new CFO and transfer of duties, anticipated in early 2019. The company has begun an executive search for a new CFO as part of Constant's transition to operations leadership for Red Robin. Constant will be replacing Carin Stutz, who served as Red Robin's executive VP and COO since April 2016, and is leaving that role effective immediately. Denny Marie Post, Red Robin's president and CEO, will serve as interim COO through the remainder of 2018, as Constant transitions to his new role and while the search for a new CFO is underway.
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OVID | Hot Stocks16:10 EDT Ovid Therapeutics CFO Yaron Werber leaving company - Ovid Therapeutics announced that Yaron Werber, M.D., Chief Business and Financial officer, will leave the company effective Friday, September 21. Werber joined Ovid as CFO in June 2015 after nearly 15 years of experience as a highly-ranked biotechnology research analyst at marquee Wall Street firms. Members of management and the company's existing finance team, including Tim Daly, Ovid's senior VP, finance and corporate controller, will assume the duties and responsibilities of Werber on an interim basis. Ovid has initiated a search process for the selection of a new CFO.
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AEIS | Hot Stocks16:08 EDT Advanced Energy closes LumaSense acquisition - Advanced Energy Industries announced that the acquisition of LumaSense Technologies closed September 1st. Under the terms of the merger agreement, the aggregate consideration was approximately $85M in cash without giving effect to amounts deposited in escrow, the working capital adjustment, related transaction fees & expenses and the repayment of outstanding indebtedness of LumaSense. Revenues for LumaSense in 2017 were approximately $60M. The acquisition is expected to be immediately accretive to earnings on a non-GAAP basis and generate over $10M of annualized revenue and cost synergies by 2020. In addition, for AE's photonic-based product portfolio, combining LumaSense and the Sekidenko product line, the company targets to deliver greater than $100M in annualized revenue and to reach non-GAAP operating margins in the low to mid 20's within the next three years.
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WDAY | Hot Stocks16:08 EDT Workday reports Q2 subscription revenue of $565.7M, up 30.2% YoY - Reports subscription sevenue backlog of $5.5B, up 26.0% YoY.
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COLD | Hot Stocks16:08 EDT Americold Realty Trust names Carlos Rodriguez COO - Americold Realty Trust has enhanced its leadership team with two executive appointments. Carlos Rodriguez has joined Americold as Executive Vice President and Chief Operating Officer. Rodriguez will lead and integrate Americold's global operations and various support functions to better position the organization for growth in the future. Rodriguez brings a wealth of distribution and supply chain experience to the company. In his former role as Senior Vice President, Distribution and Global Transportation Services, for Big Lots Stores, he was responsible for North American Retail Distribution centers and a global transportation network supporting 1,425 retail stores representing $5.5B in sales. In addition, David Stuver has been promoted to Executive Vice President, Business Development and Supply Chain Solutions.
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GILD | Hot Stocks16:07 EDT Gilead, Trianni enter licensing pact for use of Trianni transgenic platform - Gilead Sciences and Trianni announced that the companies have entered into a license agreement that grants Gilead the use of the Trianni transgenic human monoclonal antibody discovery platform to support the company's drug discovery efforts. "We look forward to integrating Trianni's technology into our research and development program," said Bill Lee, PhD, Executive Vice President of Research, Gilead. "This platform will help enhance our ability to discover human antibodies and to develop new therapies in areas of unmet medical need." No financial details were disclosed.
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TRXC | Hot Stocks16:06 EDT TransEnterix names Eric Smith chief commercial officer - TransEnterix announced that Eric Smith has been named Chief Commercial Officer, effective August 31, 2018. In this newly created role, which will report directly to the Chief Executive Officer, Smith will lead the company's global commercialization efforts, with a focus on both strategic and tactical execution efforts in sales, upstream and downstream marketing, field clinical support and training with a focus on adoption and clinical excellence. Most recently, Smith was a Vice President, Franchise Leader Acute Care at KCI Corporation, a developer and manufacturer of wound healing products.
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ADT | Hot Stocks16:04 EDT ADT promotes Jim DeVries to CEO - ADT announced that Jim DeVries, currently president of ADT, will be promoted to CEO to succeed Tim Whall, who will be retiring on November 30 after a decades-long career in the security industry. Mr. DeVries will be appointed to the Company's Board of Directors following the transition. Whall will remain on the Company's Board and serve as an advisor to the Company. Jim DeVries joined ADT as Chief Operating Officer in May 2016 and has served as President since September 2017. Prior to joining ADT, Jim held senior leadership roles at leading companies in the insurance, financial services and telecommunications industries, including most recently as Executive Vice President for Allstate Brand Operations. Before joining Allstate, he was Senior Vice President of Human Resources at the Principal Financial Group and Vice President for Corporate Services and Human Resources at Ameritech's Monitoring and Security Services Division.
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SWIR | Hot Stocks16:04 EDT Sierra Wireless opens new global service center in Atlanta - Sierra Wireless announced the opening of a new global service center in Atlanta, Georgia to support its existing and growing internet of things, or IoT, services customer base. The global service center is located in the Platinum Tower in Atlanta. More than 140 employees will be based at the location, monitoring millions of Sierra Wireless connected devices around the world and providing global customer support. This new service center supports Sierra Wireless' strategic goal of becoming a global IoT service leader and will enable the company to meet the needs of new and existing customers and support its burgeoning partner network. Sierra Wireless has also joined the Technology Association of Georgia as a corporate member and will sponsor the upcoming IoT Converge event.
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NUVA | Hot Stocks16:03 EDT NuVasive to showcase single-position surgery at SMISS - NuVasive announced the company will showcase industry-leading solutions for creating better clinical outcomes for spine procedures at the Society for Minimally Invasive Spine Surgery, or SMISS, Annual Forum being held September 6-8, 2018, in Las Vegas at Caesars Palace. During SMISS 2018, NuVasive will feature its Lateral Single-Position Surgery procedure benefits, which may include reducing the number of times a patient has to be repositioned for greater operating room (OR) efficiency, along with the other benefits of minimally invasive spine surgery. Attendees will hear directly from leading surgeons of the procedure and learn what NuVasive is doing to incorporate advanced materials into its surgical implants. Attendees will also hear more about the Surgical IntelligenceTM ecosystem which incorporates the LessRay(R) technology to proactively combat radiation exposure in the OR. LessRay offers the surgeon and hospital system the opportunity to use significantly reduced radiation imaging in the OR, while providing image stitching for surgeons to quickly combine together fluoroscopic images of any spine segment.
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TSLA | Hot Stocks15:23 EDT NTSB releases preliminary report on Tesla Model S battery fire - The NTSB released a statement saying that on Friday, June 15, 2018, about 5:30 p.m., Pacific daylight time, a 2014 Tesla Model S electric-powered passenger car, occupied by a 44-year-old male driver, was traveling westbound on Santa Monica Boulevard, in West Hollywood, Los Angeles County, California. Motorists flagged down the Tesla driver because they saw smoke coming from the vehicle. The driver stopped the Tesla next to the north-side curb in the 7800 block of Santa Monica Boulevard and exited the vehicle. A nearby Los Angeles Police Department patrol car also stopped, and the officers directed traffic around the burning car. The Los Angeles County Fire Department responded to the vehicle fire, dispatching an engine unit from station #8, which is located at 7643 Santa Monica Boulevard. The fire was extinguished, and there were no injuries. The vehicle was towed from the scene without incident. The NTSB obtained a video of the event taken by the driver after he exited the vehicle. The NTSB also obtained a video taken by a bystander. A preliminary examination of the driver's video showed smoke coming from the underside of the Tesla after the driver had stopped it at the curb. The bystander video recorded that, a few minutes later, flames were coming from under the Tesla on both the left and right sides, aft of the front wheels and extending under the front doors. The video also showed police and fire department personnel, as well as bystanders walking by the vehicle near the smoke during the incident. Smoke and flames were still coming from the vehicle as the fire engine arrived on the scene about 5:40 p.m. Los Angeles County firefighters wearing self-contained breathing apparatus responded to the fire and applied both water and foam. The flames were quickly extinguished, but smoke continued to come from the vehicle. Firefighters removed portions of the vehicle's left front fender and under-hood trim, severed the high voltage cut loop, and applied additional water and foam under the hood and behind the front wheels. The fire captain estimated that less than 300 gallons of water and foam were applied during the event. While on scene, the firefighters consulted by telephone with Tesla representatives about how best to contain and secure the vehicle. Tesla advised the firefighters of the possibility of re-ignition until the vehicle's battery was completely cooled. The fire captain decided to remove the vehicle from the scene. According to the fire department event log, the responders cleared the scene at 6:28 p.m., by which time the fire operations were complete, and the vehicle was towed from the scene. To investigate the circumstances of the fire, Tesla arranged to take possession of the vehicle from the owner. The vehicle was moved to the Tesla service center in Burbank, California. While at the service center, Tesla conducted an initial safety inspection and removed the battery pack and its cover to drain the remaining electrical charge from the battery. The vehicle was then reassembled and relocated for further inspection. The NTSB was provided with information from the initial inspection and participated in the subsequent inspection. Reference Link
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GAIA | Hot Stocks15:02 EDT Gaia sees reaching 500,000 paying subscribers in next 10 days - Gaia announced that it will reach its 500,000 paying subscriber milestone in the next 10 days. The company is also scheduled to participate at the Lake Street 2018 Best Ideas Growth Conference next week, Gaia announced.
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FLY | Hot Stocks14:22 EDT AirAsia Group Berhad reports 10.2% passive stake in Fly Leasing
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NURO | Hot Stocks14:03 EDT NeuroMetrix will unveil latest breakthrough for treatment of chronic pain - NeuroMetrix will unveil its latest breakthrough for the treatment of chronic pain at PAINWeek 2018. Quell 2.0 takes the company's FDA cleared, 100% drug-free, prescription strength nerve stimulation technology to a new level. The new Quell 2.0 device is smarter, more powerful and 50% smaller, and the Quell app has been totally redesigned to make it easier to use.
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SUM | Hot Stocks13:59 EDT Three Bays Capital reports 5.9% passive stake in Summit Materials
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TWTR | Hot Stocks13:54 EDT Dorsey to testify that Twitter doesn't use political ideology to make decisions - In prepared testimony released by the United States House Committee on Energy and Commerce that will be presented by Jack Dorsey, the CEO of Twitter stated in part: "Twitter's purpose is to serve the public conversation. We are an American company that serves our global audience by focusing on the people who use our service, and we put them first in every step we take...We must be a trusted and healthy place that supports free and open discussion...Let me be clear about one important and foundational fact: Twitter does not use political ideology to make any decisions, whether related to ranking content on our service or how we enforce our rules. We believe strongly in being impartial, and we strive to enforce our rules impartially. We do not shadowban anyone based on political ideology. In fact, from a simple business perspective and to serve the public conversation, Twitter is incentivized to keep all voices on the platform." Reference Link
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SSC | Hot Stocks13:32 EDT Seven Stars Cloud Group announces acquisition of Grapevine Logic - Seven Stars Cloud Group announced its acquisition of Grapevine Logic, an end-to-end influencer marketing platform. "Grapevine will play a pivotal role in SSC's consumer asset digitization strategy...By applying blockchain-enabled technologies such as smart contracts and the tokenization of assets to Grapevine's existing ecosystem and existing social media influencer business model, SSC looks to revolutionize the way influencers and celebrities alike, engage with fans, brands and communities on a global scale," Seven Stars said.
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ATIS | Hot Stocks13:29 EDT Attis Industries regains compliance with NASDAQ rule - Attis Industries announced that Nasdaq has advised that the company has regained compliance with the minimum shareholders' equity rule, and is in compliance with other applicable requirements as set forth in the decision of the Nasdaq Hearings Panel and required for listing on The Nasdaq Stock Market. Accordingly, the Panel has determined to continue the listing of the company's securities on The Nasdaq Stock Market and is closing this matter. The company is working to satisfy Nasdaq's minimum bid price requirement.
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DLTR | Hot Stocks12:59 EDT Dollar Tree added to Best Idea Long List at Hedgeye
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RKDA | Hot Stocks12:59 EDT Arista Cereal successfully defends patent in dispute with Arcadia Biosciences - Arista Cereal Technologies announced that it has "successfully" successfully defended a patent in its portfolio covering a form of wheat having greatly elevated fiber levels. Arcadia Biosciences Inc. provoked a dispute in the U.S. Patent and Trademark Office in September 2017 against ARISTA's patent. On August 14, 2018, the Patent Trials and Appeals Board of the USPTO issued a decision finding that the patent application filed by Arcadia Biosciences to provoke the dispute did not describe the invention claimed in ARISTA's patent and issued a judgement against Arcadia Biosciences on priority of invention.
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MCRN | Hot Stocks12:48 EDT Milacron's Gentilcore sells 35,800 common shares - In a regulatory filing, Milacron director James Gentilcore disclosed the sale of 35,800 common shares of the company at a price of $21.0797 per share.
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TALO | Hot Stocks12:44 EDT Talos Energy acquires Whistler Energy II for purchase price of $52M - Talos Energy announced the company entered into and completed a transaction to acquire Whistler Energy II, LLC on August 31, 2018. Year to date gross production from Whistler's assets is approximately 1,900 barrels of oil equivalent per day, or net production after royalties of approximately 1,500 Boepd, of which 82% is oil. The purchase price was $52M and, as part of this acquisition, Talos negotiated the release of approximately $77M of cash collateral that had secured Whistler's surety bonds that the company will not need to replace. As a result, of the total cash collateral released, Talos received $31M, with the seller entitled to the remaining $46M. In addition, Talos also benefited from the $7M available cash balance at Whistler at the time of the close, resulting in a net cash consideration of $14M to Talos.
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IBKR | Hot Stocks12:34 EDT Interactive Brokers reports August DARTs up 6% y/y - Interactive Brokers Group reported its Electronic Brokerage monthly performance metrics for August. Brokerage highlights for the month included: 741,000 Daily Average Revenue Trades, 6% higher than prior year and 1% lower than prior month. Ending client equity of $141.1B, 25% higher than prior year and 2% higher than prior month. Ending client margin loan balances of $29.1B, 20% higher than prior year and 3% higher than prior month. Ending client credit balances of $48.1B, 3% higher than prior year and 3% higher than prior month. 566,000 client accounts, 26% higher than prior year and 2% higher than prior month. 302 annualized average cleared DARTs per client account. Average commission per cleared client order of $3.77 including exchange, clearing and regulatory fees.
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AST | Hot Stocks12:32 EDT Asterias says review committee recommended continuation of VAC2 study - Asterias Biotherapeutics announced earlier today that the Safety Review Committee for the first clinical trial of VAC2 has held its second scheduled meeting to review the safety and tolerability data generated in patients two and three enrolled in the study and recommended continuation of the study and moving to open enrollment in the advanced disease cohort, as planned per the study's protocol. The initial clinical trial, which is being sponsored, managed and funded by Cancer Research UK, will examine the safety and tolerability of VAC2 in non-small-cell lung carcinoma as the study's primary endpoints. "We are encouraged that VAC2 was found to be safe and well-tolerated in all three patients and are enthusiastic for Cancer Research UK to begin open enrollment of the advanced disease cohort," commented Dr. Edward Wirth, Chief Medical Officer of Asterias Biotherapeutics. "Cancer Research UK recently opened a second site in Birmingham, England to support enrollment and we are pleased with how the study is progressing." Shares of Asterias are unchanged at $1.55 in midday trading.
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BTX | Hot Stocks12:27 EDT BioTime closes AgeX share sale transaction with Juvenescence - BioTime earlier today announced that it has closed the previously announced transaction with Juvenescence Limited, a company developing therapeutics focused on improving and extending human lifespans. BioTime sold 14.4M shares of AgeX to Juvenescence for $43.2M. The cash consideration of $21.6M, or 50% of the purchase price, will be paid in two installments. The first installment of $10.8M was received by BioTime at the close of the transaction. The second installment will be paid on November 5, 2018. The remaining 50% of the $43.2M consideration, or $21.6M, has been paid by Juvenescence in the form of a two-year convertible promissory note with an annual interest rate of 7%, payable at maturity, if not converted into Juvenescence common stock sooner. By combining its existing cash and other assets with the total $43.2M nominal value of the Juvenescence transaction, if realized in cash, BioTime believes it "has sufficient capital, at management's currently planned level of expenditures and receipts" based on a monthly cash burn average of approximately $2M to $2.2M, to achieve its upcoming Renevia and OpRegen milestones, which are expected to be completed by 2020. "Critical to the success of any biotech company are programs, people and capital," said Dr. Michael West, CEO of AgeX and Co-CEO of BioTime. "AgeX, aided by this alliance, is now an organization that is strong in all three of these areas, while providing both short and long-term benefits to BioTime." Shares of BioTime are unchanged at $2.75 in midday trading.
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SNE... | Hot Stocks12:25 EDT Game On: EA delays 'Battlefield V' amid crowded fall release lineup - Welcome to "Game On," The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: Among this week's major releases is Sony's (SNE) "Spider-Man," an action game based on the comic book hero that releases September 7 exclusively on PlayStation 4 consoles. Also out this week is "Destiny 2: Forsaken," an expansion for Activision Blizzard's (ATVI) "Destiny 2," which launches today on PS4, Xbox One (MSFT), and PC. Additionally, Electronic Arts' (EA) basketball sim "NBA Live 19" rolls out this Friday on PS4 and Xbox One. 'BATTLEFIELD V' DELAY: Last Thursday, Electronic Arts said that it had moved the launch date for upcoming war shooter "Battlefield V" to November 20 from October 19. Oskar Gabrielson, general manager of the game's developer DICE, said that the company expects to see feedback from the game's upcoming Open Beta and that this was the reason for moving the launch date. Notably, the game's original October rollout date was a week after the release of Activision Blizzard's "Call of Duty: Black Ops 4" and a week before the launch of Take-Two's (TTWO) "Red Dead Redemption 2." As a result of the "Battlefield" delay, EA cut its fiscal 2019 guidance view for net bookings. TENCENT, NETEASE SEE LOSSES FROM GAME CLAMPDOWN: The Wall Street Journal reported last Friday that Tencent (TCEHY) and NetEase (NTES) are seeing losses stemming from the Chinese government's stiffening of its authority over video games, including reducing the number of online games and curbing play time for children. Of note, regulators have not sanctioned the sale of any new video games since March and analysts believe Tencent has lost as much as $1.5B in Q2 sales, according to the Journal. TENCENT PARTNERS WITH SQUARE ENIX: Meanwhile, Square Enix said last week that it signed a letter of intent with Tencent to create a strategic alliance between the two companies. Square Enix, the video game publisher behind "Final Fantasy" and "Dragon Quest," said that outcomes of this newly created alliance include the "establishment of a joint-venture company, co-development of AAA titles based on new intellectual properties, the licensing of existing intellectual properties, and more."
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PIXY | Hot Stocks12:14 EDT ShiftPixy jumps almost 12% after launch of driver management feature - Earlier today, ShiftPixy introduced a highly efficient and innovative proposition for fast food and fast casual restaurant operators who are trying to avoid the brand damage and high costs from third-party delivery."Third-party delivery has created a wave we call the convenience economy which provides a great source of new revenue for fast food and fast casual restaurant operators," said Scott Absher, ShiftPixy's Co-Founder and CEO. "However, many operators are now concerned that the complaints of food quality, late arrival, damage or wrong orders are harming their brand and the overall customer experience. Today we are launching our driver management feature as our first step to enable our restaurant operator clients to self-deliver and preserve their brand, customer experience, customer data and the 30 percent in fees they give to traditional third-party platforms." The new driver management layer for operators in the ShiftPixy ecosystem will now allow ShiftPixy clients to use their own team members to self-deliver a brand intended customer experience. ShiftPixy has taken the compliance, management and insurance issues related to the support of a delivery option and created a turnkey self-delivery opportunity. Shares of ShiftPixy are up around 12% to $3.75 in early afternoon trading.
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TLRY | Hot Stocks12:12 EDT Citron shorts former cannabis love Tilray, expects capital raise - Citron Research announced via Twitter a short position in Tilray, saying it "loved" the stocked at $26 but the stock is too expensive at current levels. Plus, Andrew Left's short selling firm expects the company to raise capital around current share levels. It said in a tweet, "Citron LOVED $TLRY at $26 but now we are SHORTING stock. Cowen lowered est and still raised tgt $62 only shows "RETAIL INVESTORS GONE MAD" and forgot $TLRY went public at $17 - 6 weeks ago. We would expect an equity raise at these levels. By far most expensive in space." Shares of the cannabis producer and distributor are up 11%, or $7.34, to $72.54 in midday trading.
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GTS | Hot Stocks12:04 EDT Triple-S selects Abarca as PBM for commercial and Medicare businesses - Triple-S Management announced that its managed care subsidiary, Triple-S Salud, on its behalf and on behalf of its Medicare Advantage subsidiary, Triple-S Advantage has entered into a three-year agreement with Abarca Health, a leading pharmacy benefits manager, PBM, in Puerto Rico, to consolidate the management of its prescription drug benefit programs for its Commercial and Medicare business lines. The agreement with Abarca is effective January 1, 2019. Abarca currently serves as Triple-S's Medicare Advantage PBM. The current collaboration between Triple-S and Abarca has been essential to achieving a five-star rating in the Part D component of Triple-S's HMO product each of the past two years, and contributing to the HMO product's overall four-star rating.
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PAM | Hot Stocks12:00 EDT Pampa Energia falls -11.0% - Pampa Energia is down -11.0%, or -$3.36 to $27.08.
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BMA | Hot Stocks12:00 EDT Banco Macro falls -13.5% - Banco Macro is down -13.5%, or -$5.91 to $37.73.
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EDN | Hot Stocks12:00 EDT Edenor falls -15.5% - Edenor is down -15.5%, or -$3.87 to $21.13.
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STG | Hot Stocks12:00 EDT Sunlands Online rises 8.2% - Sunlands Online is up 8.2%, or 52c to $6.90.
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CGC | Hot Stocks12:00 EDT Canopy Growth rises 8.5% - Canopy Growth is up 8.5%, or $3.89 to $49.61.
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RRD | Hot Stocks12:00 EDT R.R. Donnelley rises 10.1% - R.R. Donnelley is up 10.1%, or 51c to $5.57.
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GSAT | Hot Stocks11:49 EDT Globalstar names Dave Kagan CEO - Globalstar announced the promotions of Dave Kagan to the position of CEO and Jay Monroe to executive chairman of the Board of Directors. In keeping with the strategy the company previously disclosed in connection with the intended merger, the promotions separate management of Globalstar's satellite operations and spectrum-related activities, with responsibility for all satellite operations under the CEO. The promotion of Kagan advances this strategy and he will oversee and drive all activities related to the company's satellite business. Monroe, as executive chairman, will be responsible for strategic financing efforts and liquidity matters, other than the company's senior credit facility which will be the responsibility of Kagan. In addition, Monroe will have primary responsibility for all strategic terrestrial spectrum-related activities on a global basis, including the company's ongoing efforts to standardize and monetize its terrestrial spectrum assets.
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MNRO | Hot Stocks11:47 EDT Peter Solomon director at Monro sells 5K shares of company stock - Peter Solomon, a director at Monro, disclosed in a filing that he had sold 5,000 shares of company stock at an average price of $70.48 per share on August 30. The total transaction value of the share sale was $352,400.
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SNY | Hot Stocks11:46 EDT Sanofi agrees to pay more than $25M to resolve FCPA violation charges - The Securities and Exchange Commission announced that pharmaceutical company Sanofi has agreed to pay more than $25M to resolve charges that its Kazakhstan and the Middle East subsidiaries made corrupt payments to win business. According to the SEC's order, the schemes spanned multiple countries and involved bribe payments to government procurement officials and healthcare providers in order to be awarded tenders and to increase prescriptions of its products. The SEC's order finds that Sanofi violated the books and records and internal accounting controls provisions of the federal securities laws. Without admitting or denying the findings, Sanofi agreed to a cease-and-desist order and to pay $17.5M in disgorgement, $2.7M in prejudgment interest, and a civil penalty of $5M.
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AMZN | Hot Stocks11:44 EDT Amazon.com crosses $1T market cap level for first time - Amazon shares crossed above the level that would give the company a $1T market cap for the first time in late morning trading, though the stock has pulled back to have a market cap just below that round-number level.
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CRHM | Hot Stocks11:36 EDT CRH Medical completes accretive acquisition of GI anesthesia practice in Ohio - CRH Medical announces that it has completed an accretive transaction whereby the company has acquired 100% of a gastroenterology anesthesia practice in Northeastern Ohio. Lake Erie provides anesthesia services to two GI ambulatory surgical centers. The transaction was financed through a combination of CRH's credit facility and cash on hand. Lake Erie Transaction Highlights: Estimated annual revenue of US$2.1M;EBITDA and cash flow accretive. Edward Wright, CEO of CRH, commented on the transaction, "Lake Erie, who's affiliated physicians are an existing O'Regan customer, is our fourth anesthesia acquisition of 2018 and our second transaction in the state of Ohio. We look forward to continue leveraging the strength of our O'Regan relationships, and our existing anesthesia partners, to continue growing our anesthesia business".
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CMCSA... | Hot Stocks11:24 EDT Trump: 'NBC Fake News...making excuses for probably highly unethical conduct' - President Donald Trump tweeted: "NBC FAKE NEWS, which is under intense scrutiny over their killing the Harvey Weinstein story, is now fumbling around making excuses for their probably highly unethical conduct. I have long criticized NBC and their journalistic standards-worse than even CNN. Look at their license?" Reference Link
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SLB | Hot Stocks11:22 EDT Schlumberger CEO: Permian output growth 'starting to be called into question' - Chairman and CEO Paal Kibsgaard said: "While the current Permian offtake constraints should be resolved by the end of 2019, these challenges will likely have a dampening effect on production growth, wellhead prices, and investment levels in the coming year. In fact, so far in the third quarter, the hydraulic fracturing market has already softened significantly more than we expected in spite of the overall rig count holding up relatively well. However, the main challenge in the Permian going forward is more likely to be reservoir and well-performance, as the rate of infill drilling continues to accelerate."
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SLB | Hot Stocks11:16 EDT Schlumberger CEO: Industry set for multiyear global growth cycle - Schlumberger Chairman and CEO Paal Kibsgaard addressed the CEO Energy-Power Conference in New York City, saying that "While opinions differ on many topics, I think we can all agree on one point -- that the past four years have not been kind to the oilfield services industry. After absorbing the abrupt impact of the most devastating global downturn on record and navigating the commercial aftermath of the nearly 50% drop in global E&P investments, our industry is now facing investor concerns related to global economic growth and the potential impact this could have on oil demand going forward. These concerns are at present overshadowing the fact that global oil inventories continue to drop; production challenges in the global supply base are accelerating; Brent oil prices are holding firm, well above $70 per barrel; and the international recovery is now starting. We continue to believe that our industry is set for a multi-year global growth cycle and we are excited about the opportunities this presents to Schlumberger." Kibsgaard also commented that "We will deliver 65% incremental margins during the coming global growth cycle... Our SPM business will, at least, be cash flow neutral in 2018 and 2019, after which, we will see a significant free cash flow tailwind, as our recent project additions reach their planned production rates. At the same time, the capex requirements for our seismic business, after adopting the asset light model, will be limited to specific multi-client projects, where we continue to request a significant level of customer pre-commitments. At this stage, we are not planning any major transactions that would involve significant cash outlays, other than the pending Eurasia Drilling transaction, where we now have met and accepted all the requirements stipulated by the Russian regulatory authorities and await their final decision. Based on all of this, we should meet or exceed our stated goal of converting more than 75% of our net income into free cash flow."
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RIOT | Hot Stocks11:08 EDT RiotX enters software license and services agreement with Coinsquare - Riot Blockchain announced that its subsidiary RiotX Holdings has entered into a Software License and Services Agreement with goNumerical to provide a RiotX branded version of the Coinsquare platform with customized functional integrations and associated transaction processing services for use by RiotX. RiotX has obtained an exclusive license for the U.S. market through this partnership with Coinsquare. The company intends to provide this offering for select customers at RiotX.com. RiotX has been investigating and pursuing the regulatory pathway for the launch of a cryptocurrency exchange in the United States since the start of the year. The Agreement with Coinsquare finalizes a key component in the ability to offer certain customers in the United States a proven platform that prides itself on security and customer experience. Coinsquare has built itself into a market leader in Canada since launching in 2015, and has successfully raised over C$50M in the past twelve months with prominent investor participation.
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BIDU INTC | Hot Stocks11:04 EDT Baidu Cloud collaborates with Intel AI to advance financial services, shipping - Baidu (BIDU) and Intel (INTC) outlined new artificial intelligence collaborations showcasing applications ranging from financial services and shipping to video content detection. Specifically, Baidu Cloud is leveraging Intel Xeon Scalable processors and the Intel Math Kernel Library-Deep Neural Network as part of a new financial services solution for leading China banks; the Intel OpenVINO toolkit in new AI edge distribution and video solutions; and Intel Optane technology and Intel QLC NAND SSD technology for enhanced object storage.
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NTAP | Hot Stocks11:02 EDT NetApp appoints Atish Gude as Chief Strategy Officer - NetApp announced the appointment of Atish Gude as the Chief Strategy Officer at NetApp, reporting to CEO George Kurian. Most recently he served as the senior vice president of Corporate Strategy at Verizon Communications (VZ).
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CMCSA CMCSK | Hot Stocks11:00 EDT Trump questions if NBC license should be looked at amid 'excuses' for conduct - President Donald Trump just tweeted: "NBC FAKE NEWS, which is under intense scrutiny over their killing the Harvey Weinstein story, is now fumbling around making excuses for their probably highly unethical conduct. I have long criticized NBC and their journalistic standards-worse than even CNN. Look at their license?" NBC is a unit of Comcast. Reference Link
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VLKAY | Hot Stocks10:56 EDT Volkswagen reports August U.S. sales up 0.7% to 32,255 units - Volkswagen of America reported sales of 32,255 units delivered in August 2018, an increase of 0.7% over August 2017.
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IDTI RNECY | Hot Stocks10:54 EDT Street Fight: Analysts split on Integrated Device after takeover interest report - Needham analyst N. Quinn Bolton downgraded Integrated Device (IDTI) to Hold, citing the stock's 12% rise after Nikkei reported that Renesas Electronics (RNECY) is mulling the purchase of the U.S. chip maker. Meanwhile, both Piper Jaffray analyst Harsh Kumar and Craig-Hallum analyst Anthony Stoss raised their price targets on the shares as they believe there is still upside on the table from current share levels. RENESAS CONSIDERING BUYING INTEGRATED DEVICE: Japanese automotive chip maker Renesas Electronics is mulling the purchase of U.S. chip maker Integrated Device Technology, according to Nikkei Asian Review. The potential acquisition comes as Renesas is bolstering its business in chips for self-driving cars and the deal could be worth as much as $6B, making it one of the largest acquisitions by a Japanese chip maker, the report added. MOVING TO SIDELINES ON VALUATION: In a research note this morning, Needham's Bolton downgraded Integrated Device to Hold from Buy, saying the 12% rise following the Nikkei speculation of a $6B acquisition by Renesas has taken its valuation to levels that reflect the M&A premium. The analyst acknowledged that he believes such a transaction makes strategic sense and fairly values the shares. Further, Bolton does not anticipate issues with a CFIUS review and sees a low likelihood of other bidders. However, the analyst pointed out that if the parties fail to reach an agreement or CFIUS blocks the transaction, Integrated Device's shares would fall. STILL UPSIDE FROM CURRENT LEVELS: Reiterating an Overweight rating on Integrated Device shares, Piper Jaffray's Kumar raised his price target on the stock to $51 from $37.50 after hosting investor meetings with management and following Nikkei's report that Renesas was looking to buy the company. The analyst believes the company can continue to grow above the high end of its 8%-10% range and sees Integrated Device as having a significant competitive advantage in several of its segments, with over 60% of the compute market. Moreover, Kumar noted that the company is not seeing any macro headwinds, and lead times and capacity remain stable. Regarding the reported interest by Renesas, the analyst told investors that the company deserves more than a 17% premium as it is doing "extremely well" on its own and could easily get to a $6B market cap in the next 1-2 years organically. An appropriate premium should be at least 35%-45% based on Integrated Device's business outlook and other recent transaction multiples in the semiconductor landscape, he contended. Meanwhile, Craig-Hallum's Stoss also raised his price target for Integrated Device to $48 from $41 after Renesas confirmed it is looking into buying the company. The analyst told investors in a research note of his own that the rumors around the deal suggest there is still upside on the table from current share levels. Stoss has long believed Integrated Device was a solid takeout candidate given the company's world class operating model and positioning in attractive end markets, and thinks Renesas has the appropriate balance sheet and free cash flow characteristics to get a deal done. Importantly, the analyst argued that there are multiple players that would also make bids to acquire Integrated Device given the attractive value it brings to multiple different companies. He reiterated a Buy rating on Integrated Device shares. PRICE ACTION: In morning trading, shares of Integrated Device have gained about 0.5% to $42.67.
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FCAU | Hot Stocks10:51 EDT Fiat Chrysler reports August U.S. sales up 10% to 193,718 vehicles - FCA US reported sales of 193,718 vehicles, a 10% increase compared with sales in August 2017 of 176,033. Overall, FCA US retail sales rose 17% to 164,727 vehicles. Fleet accounted for 15% of total sales.
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FB | Hot Stocks10:26 EDT Facebook says Menlo Park to be headquarters for 'foreseeable future' - John Tenanes, VP Global Facilities and Real Estate at Facebook, says in a blog post: "As Facebook grows its headquarters in Menlo Park, California, we strive to create a unique workplace and be a good neighbor. Today we're sharing details about our latest completed project, a new building we call MPK 21. Designed by Frank Gehry and built in less than 18 months, MPK 21 is a highly sustainable building with a 3.6-acre rooftop garden featuring over 200 trees and a half-mile meandering pathway. We also brought the outdoors into the office space: The Town Square is a sheltered green space with 40-foot-tall redwood trees, and The Bowl is an amphitheater-style courtyard that connects MPK 21 with another Gehry-designed building, MPK 20. Inside is an open workspace designed to foster collaboration between teams, as well as quiet areas for focused work. A single pathway runs the length of the building. Along this path are five unique dining options, 15 art installations commissioned through our Artist in Residence Program, and a 2,000-person event and meeting space with state-of-the-art A/V technology... As we add offices in other cities in the Bay Area, we remain invested in Menlo Park, which will be our headquarters for the foreseeable future." Reference Link
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HON | Hot Stocks10:17 EDT Honeywell announces acquisition of Ortloff Engineers - Honeywell announced that it has acquired Ortloff Engineers, a privately held licensor and "industry-leading" developer of specialized technologies that drive high returns in natural gas processing and sulfur recovery. "For decades, Ortloff technology has defined the forefront of gas processing technology. That enables our customers to realize very high returns from their investments in natural gas separation. This differentiated, highly advanced technology, allows our customers to meet stringent process guarantees, while their operations perform at a best-in-class level. Ortloff also has unmatched expertise in sulfur recovery that tie in extremely well with our gas and refining portfolios," said John Gugel, president of Honeywell UOP. Ortloff will become part of Honeywell UOP's Gas Processing and Hydrogen business. Terms of the acquisition, which closed on Aug. 31, have not been disclosed. There is no change to the company's guidance for 2018 as a result of the acquisition.
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ERIC | Hot Stocks10:17 EDT Ericsson to acquire CENX - Ericsson has agreed to acquire 100% of the shares in CENX, boosting Ericsson's Operations Support Systems portfolio with vendor-agnostic service assurance and closed-loop automation capability. Ericsson has held a minority stake in CENX since 2012. CENX, founded in 2009, is headquartered in Jersey City, New Jersey. The company achieved significant year-over-year revenue growth in FY17. The transaction is subject to customary regulatory approvals.
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F | Hot Stocks10:07 EDT Ford sees total August industry SAAR of 17M-17.4M vehicles - Sees total August industry SAAR of 17M-17.4M vehicles. Says that August was a "solid to strong month" for the industry, with a consistent pace throughout. Says YTD, industry SAAR is running at about 17.4M vehicles. Comments taken from Ford's August U.S. sales conference call. Ford shares have reversed course and are now up about 0.3% to $9.50.
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NEXT | Hot Stocks10:04 EDT NextDecade announces retirement of COO Rene van Vliet - NextDecade announced earlier that the company's COO, Rene van Vliet, will retire as an officer and director of the company effective October 1, 2018. Mr. van Vliet will remain as an advisor to company until the end of 2018. NextDecade has initiated a global search for a new COO and intends to conclude this process prior to year-end.
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NKE ADDYY | Hot Stocks10:04 EDT Nike under pressure after choosing Kaepernick for new 'Just Do It' campaign - Shares of Nike (NKE) are under pressure after the company announced that former NFL quarterback Colin Kaepernick, who sparked controversy by kneeling during the national anthem to protest racial injustice, will be one of the faces of its ad campaign for the 30th anniversary of its "Just Do It" motto. Many took to social media to voice their opinions, with some showing support but others going as far as completely destroying their Nike-branded apparel. KAEPERNICK CHOSEN FOR NIKE CAMPAIGN: Over the weekend, Colin Kaepernick, the former San Francisco 49ers quarterback who sparked controversy for kneeling during the national anthem, tweeted that he is one of the faces of Nike's "Just Do It" campaign. Not long after the announcement, the hashtags #BoycottNike and #JustBurnIt started tending on Twitter, with some fans even posting photos and videos of themselves burning Nike shoes and other gear. Kaepernick and Nike already had an endorsement deal, dating to when he entered the National Football League back in 2011. However, it was set to expire soon and has now been extended, according to The New York Times. Kaepernick's decision to first sit and eventually kneel during the national anthem has sparked criticism from Donald Trump as other players around the league joined in the protest against what they believe to be racial injustice. The President has made the NFL a target for not firing players who refuse to stand and has even said fans should boycott the league. Nike, which is in a fierce battle with Adidas (ADDYY) to sign star athletes, has announced that Serena Williams and Odell Beckham Jr. are also among the names participating in the new campaign. PRICE ACTION: In morning trading, shares of Nike have dropped almost 2.5% to $80.21.
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NSANY | Hot Stocks10:00 EDT Nissan reports August U.S. sales up 3.7% to 112,376 vehicles - Nissan Group announced total U.S. sales for August 2018 of 112,376 units, an increase of 4% compared to the previous year. Combined sales of Nissan crossovers, trucks and SUVs set an August record, up 22%. Nissan Rogue sales set an August record with 33,400 units sold, up 12%. Murano crossover sales increased 97% to 9,619.
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AGQ | Hot Stocks09:47 EDT ProShares Ultra Silver falls -5.8% - ProShares Ultra Silver is down -5.8%, or -$1.37 to $22.40.
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WPP | Hot Stocks09:47 EDT WPP falls -7.2% - WPP is down -7.2%, or -$5.95 to $76.85.
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UGAZ | Hot Stocks09:47 EDT VelocityShares 3x Long Natural Gas ETN falls -7.3% - VelocityShares 3x Long Natural Gas ETN is down -7.3%, or -$4.78 to $60.36.
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SWN | Hot Stocks09:47 EDT Southwestern Energy rises 4.1% - Southwestern Energy is up 4.1%, or 23c to $5.85.
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RRD | Hot Stocks09:47 EDT R.R. Donnelley rises 4.5% - R.R. Donnelley is up 4.5%, or 23c to $5.29.
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DGAZ | Hot Stocks09:47 EDT VelocityShares 3x Inv Natural Gas ETN rises 7.2% - VelocityShares 3x Inv Natural Gas ETN is up 7.2%, or $1.54 to $23.01.
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STLD | Hot Stocks09:46 EDT Steel Dynamics announces $750M additional share repurchase program - Steel Dynamics announced that its board has authorized an additional share repurchase program of up to $750M of the company's common stock. The authorization is effective immediately, and follows the completion of the company's October 2016 $450M share repurchase authorization, which was finished in August 2018. "This new authorization demonstrates the Board's and management's continued confidence in our ability to generate strong free cash flow in both weak and strong market environments," stated Mark D. Millett, President and Chief Executive Officer. "We are committed to delivering shareholder value creation through profitable organic and strategic growth opportunities, while also utilizing other available tools. We believe the strength of our operating model and capital structure provides us the unique ability to prudently grow, while also returning value to our shareholders through the use of this program, which complements our positive cash dividend profile."
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LVS... | Hot Stocks09:38 EDT Macau casino operators in red despite continuing run of monthly gaming gains - Casino companies operating in Macau are in focus in morning trading after Macau's gaming bureau said casino revenue in the Chinese territory jumped over 17% in August compared to the same month of last year. August marks the 25th consecutive month of gains. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Resorts (MLCO). GAMING DATA: Macau's Gaming Inspection and Coordination Bureau said gross revenue from games of fortune in the region rose 17.1% year-over year to 26.56B patacas, compared to 22.68B patacas in the year-ago period and the 15% increase analysts were expecting. The Macau market's GGR for the first eight months of 2018 was up 17.5% y/y, according to the official data. According to advisory firm Union Gaming, "Two big typhoons within one week of each other [in August 2017], made for a very favorable calendar this August and hence nice year-on-year growth: the reality is that the absolute level of GGR this August was the highest of the entire year, and only second to February -- benefiting from Chinese New Year -- on a GGR per day basis." ANALYST COMMENTARY: Stifel analyst Steven Wieczynski told investors in a research note that Macau's August performance was better than the "whisper expectations that were out there floating around," and he views the August GGR result as "somewhat of a relief" given the fact that Macau GGR had "missed" the last two months versus consensus expectations. Investors might have to start to rethink their bearish views toward the Macau names, the analyst added, as August's results should remove some of the fears around the mass and premium mass sides of the market. He believes the market can grow 12%-15% in September given the "easier" 16% y/y comparison coupled with the Mid-Autumn Festival that occurs in September this year versus October last year. In a research note of his own, Bernstein analyst Vitaly Umansky said he continues to "voice caution" about the strength and volatility surrounding VIP and that the weight of the overall GGR number "needs to be taken with a bit of skepticism" as weekly channel checks have "proven to be less than accurate and volatile." Deutsche Bank analyst Carlo Santarelli thinks sentiment towards Macau is likely to begin to improve heading into the end of the year given August's "solid" results, but acknowledged lingering macro and trade war concerns. PRICE ACTION: In morning trading, Las Vegas Sands was fractionally lower, while MGM slid 1.25%, Wynn Resorts fell about 0.5% and Melco Resorts shares trading in New York declined 0.6%.
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APD | Hot Stocks09:32 EDT Air Products to support liquid hydrogen-based fueling station in China - Air Products announced it has signed cooperation and equipment supply agreements with Beijing Sinoscience Fullcryo Technology to accelerate the development of hydrogen infrastructure and support Fullcryo's first, and also China's first, commercial-scale liquid hydrogen-based fueling station. The two companies will cooperate from demonstration to commercialization, including construction, operation, maintenance, and gas supply for liquid hydrogen-based fueling stations in China.Under the equipment supply agreement, Air Products will provide two state-of-the-art, integrated Smartfuel technology fueling stations to Fullcryo for constructing the first-of-its-kind station located in Guangdong Province, South China.
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ESND | Hot Stocks09:31 EDT Staples urges Essendant shareholders to vote against S.P. Richards merger - Staples announced that it has filed a preliminary proxy statement with the Securities and Exchange Commission to urge the shareholders of Essendant to vote AGAINST the proposed merger with S.P. Richards, a subsidiary of Genuine Parts Company, and has filed an Investor Presentation with the SEC. Staples believes the SPR merger is inferior and presents significant antitrust risks that could delay or prevent the transaction from closing. In support of its campaign, Staples has filed with the SEC an investor presentation in connection with its opposition to the proposed SPR merger, outlining the risks to Essendant shareholders.Staples also has sent the following letter to Essendant: "As conveyed to your legal counsel, we will be separately sending to your legal counsel a merger agreement we are prepared to execute. Consistent with our prior proposal, you will see that our transaction would not be subject to a financing condition. In addition, while we do not believe there would be any regulatory impediments to promptly closing our transaction, we have included a regulatory break-up fee of $20M - that is at the higher end of precedents and shows our confidence in obtaining regulatory clearance. Your proposed merger with S.P. Richards has very significant regulatory uncertainty and risk, given that it is a horizontal merger to what would appear to be a monopoly. Moreover, there is no apparent remedy that could be undertaken that would allow for the transaction to close. Your agreement for the S.P. Richards merger does not provide you with any protection if it is blocked, and your own disclosures make it clear that you will not even know whether you can obtain regulatory approval until the end of the year. We believe that if your proposed transaction is blocked, Essendant's stock could fall to below $5 a share - we would then be in a position to acquire Essendant for well below $11.50 a share...We believe that our $11.50 offer already is far superior to your highly uncertain proposed merger, and would note that none of the information you have shared with us has changed our view on value. Nevertheless, in order to come to a negotiated transaction, we continue to be prepared to engage to see if we can reach agreement through a potential increase in price. However, in that context, it is important to recognize that the current trading prices for your stock are based on takeover speculation and unrealistic price expectations."
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RDUS | Hot Stocks09:30 EDT Radius Health announces Charles Morris as CMO - Radius Health announced the appointment of Charles Morris as CMO. Morris will oversee and lead all clinical development, regulatory and medical affairs strategies and activities of the company. Charles Morris is a medical oncologist with over 20 years of drug development experience, who has contributed to the development and approval of many novel oncology therapeutics. At Zeneca, he acted as the lead physician for the worldwide development of Faslodex in advanced hormonal breast cancer and has co-authored multiple publications regarding fulvestrant and breast cancer. While there, Morris also supported early clinical development activities for Iressa and held many leadership positions in the development of various novel targeted pipeline therapeutics for breast, colorectal, prostate and non-small cell lung cancers.
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CHDN | Hot Stocks09:25 EDT Churchill Downs announced completion of 50% ownership of Ocean Downs - Churchill Downs announced that it has closed the previously announced acquisition of the remaining 50% ownership of the Casino at Ocean Downs and Ocean Downs Racetrack located in Berlin, Maryland owned by Saratoga Casino Holdings in exchange for CDI's 25% equity interest in SCH. SCH is the parent company of Saratoga Casino Hotel in Saratoga Springs, New York and Saratoga Casino Black Hawk in Black Hawk, Colorado. SHRI has agreed to grant CDI and its affiliates exclusive rights to operate internet real-money sports betting and real-money iGaming on behalf of SHRI in New York and Colorado for a period of fifteen years from the date of the liquidation agreement should such states permit SHRI to engage in sports betting and iGaming, subject to payment of commercially reasonable royalties to SHRI.
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CPS | Hot Stocks09:25 EDT Cooper-Standard opens new Japan headquarters, engineering center - Cooper Standard announced the opening of its new Japan headquarters and engineering center in Yokohama. Relocated from its previous location in Osaki, the approximately 5,400-square-foot facility currently employs 14 people and offers full-service product development and engineering to support Japanese automakers. Located at 1-1-2, Takashima, Nishi-ku, Yokohama-shi, Kanagawa 220-0011, the facility is equipped to serve Japanese automakers, such as Honda, Mazda, Nissan, Suzuki and Toyota, and offers room for additional staff and equipment. The facility is equipped with the latest design and testing capabilities, including CAD and 2D CAE designers, 3D printing and material testing equipment for Cooper Standard's core product lines. To serve its growing Asia Pacific customer base, Cooper Standard and its joint venture partners operate 35 facilities in the Asia Pacific region, including 15 in China, 11 in India, six in Korea, two in Japan and one in Thailand.
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F | Hot Stocks09:24 EDT Ford reports August U.S. sales up 4.1% to 218,504 vehicles - Ford Motor Company's August U.S. sales totaled 218,504 vehicles - an increase of 4.1 percent overall and 1.1 percent at retail Fleet sales of 52,710 vehicles climbed 15.0 percent, with commercial fleet turning in a strong 20 percent gain "F-Series completed 16 straight months of sales gains, while Ford Brand SUVs were up 21 percent in August. With greater production output and stronger stock positions, our two newest products had a terrific August. Sales of our all-new Expedition were up a strong 95 percent. Right now, the hottest vehicle in America is our all-new Lincoln Navigator, which saw sales expand by more than 100 percent in August." - Mark LaNeve, Ford vice president, U.S. Marketing, Sales and Service.
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S ERIC | Hot Stocks09:24 EDT Sprint, Ericsson announce IoT-dedicated core and operating system - Sprint (S) and Ericsson (ERIC) have announced a global relationship to build a distributed and virtualized core network dedicated specifically to IoT, in addition to a world-class IoT operating system. This new environment, which is purpose-built for the future of IoT, is designed to create an optimal flow of device data, enabling immediate, actionable intelligence at the network edge for end users and enterprises.
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F | Hot Stocks09:22 EDT Ford reports August U.S. sales up 4.1% to 218,504 vehicles
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MTBC | Hot Stocks09:22 EDT Medical Transcription Billing announces partnership with Salus Telehealth - Medical Transcription Billing announced a strategic partnership with Salus Telehealth. The companies have forged a cross-marketing and cross-selling partnership leveraging the two companies' respective strengths, MTBC's cloud-based platform and services and Salus' hardware and software solutions for the telehealth market. This new partnership is intended to spark innovation and additional sales by maximizing product development talents and resources at both companies, while driving scale and efficiency in the partners' respective services.
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CMCM | Hot Stocks09:21 EDT Cheetah Mobile has 'no intention to engage' in going-private transaction - Cheetah Mobile announced the company has been made aware of a rumor in the market that the management of the company is contemplating a going-private transaction to take the company private. The company wishes to dispel this rumor and confirm that the board of directors and management team of the company have no intention to engage in such transaction. The company is fully committed to its public shareholders and intend to continue to operate the company as a public company.
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TYL | Hot Stocks09:21 EDT Tyler Technologies acquires CaseloadPRO - Tyler Technologies announced it has acquired CaseloadPRO, which provides a fully featured probation case management system. CaseloadPRO will enhance Tyler's courts and justice offerings with a comprehensive supervision solution for probation and parole departments across the country. CaseloadPRO currently provides its product to 110 clients across 23 states and has 5,000 users. Its probation product is offered exclusively as a software-as-a-service solution. CaseloadPRO management and staff will become part of Tyler's Courts & Justice Division and its current employees are expected to remain in its current office space in Modesto with president Tom Westfall becoming general manager of supervision within Tyler.
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PRA | Hot Stocks09:20 EDT ProAssurance, Sure Med Compliance announce program to help combat opioid crisis - ProAssurance Corporation announced an exclusive affiliation with Sure Med Compliance to promote the use of SMC's Care Continuity Program in an effort to help combat the opioid epidemic in the United States. The CCP helps physicians and other healthcare providers develop and maintain responsible prescribing practices for opioids and other scheduled medications by equipping them with tools to verify which patients are suitable for opioid therapy, identify those who have significant risk factors, and closely monitor the effects of treatment over time. Through this affiliation, ProAssurance insureds who meet certain eligibility requirements will have access to an exclusive thirty day free trial of the CCP. ProAssurance insureds who elect to continue using the Care Continuity Program will be able to do so at exclusively discounted rates.
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OEC | Hot Stocks09:19 EDT Orion Engineered appoints Corning Painter as CEO - Orion Engineered Carbons announced that Jack L. Clem who has served as CEO since 2011, will retire from his role. He will be nominated to join the Board of Directors and during a transition period will act as an advisor to the company. Corning F. Painter, a longtime senior executive formerly at Air Products and Chemicals, was named CEO. He will also be nominated to join the Board of Directors. Painter began his career at Air Products in 1984 as part of the company's career development program. He rose through the ranks, progressing through a variety of commercial and operations positions in the U.S. and overseas, and was rapidly promoted several times over the last several years, holding leadership positions in operations, supply chain, corporate strategy and technology. He held the position of Executive Vice President, Industrial Gases until he left the company at the end of June.
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KEYW | Hot Stocks09:19 EDT KEYW awarded $5M in research, development and design work - The KeyW Holding Corporation announced short-term research, development and design-related contracts totaling approximately $5M, the vast majority of which will be completed in 2018, and are expected to serve as precursors to follow-on programs that will deliver in 2019 and beyond. "These recent awards highlight KeyW's ability to develop affordable and timely sensing solutions that address enduring mission requirements," said Kirk Herdman, executive vice president, Corporate Strategy and Business Development. The awards will be booked to backlog in the third quarter of 2018."
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KTOS | Hot Stocks09:19 EDT Kratos Defense announces $67.47M contract award - Kratos Defense announced that its Advanced Naval Weapon System Business Unit, a part of the Kratos Defense & Rocket Support Services Division, was awarded a single award contract in the amount of $67.47M to provide engineering and technical support services to the Naval Warfare Center, Dahlgren Division Electromagnetic and Sensor Systems Department through their Radar Systems Division. The award is a five year contract that includes a base year and four one year options.
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HUBS | Hot Stocks09:18 EDT HubSpot's platform ecosystem exceeds 200 participating partners - HubSpot announced that the HubSpot Connect platform partner program has grown to now include more than 200 integrations. In the last year, HubSpot Connect has seen 108% growth in the number of total Connect partners. There are over 6,000 software vendors building tools for marketing, sales, and service teams. At the same time, the growth rate of SaaS spending per company is projected to increase by 118% from 2017 to 2020, according to Blissfully. Businesses continue to look for the right mix of applications for their industry, size, and needs among the thousands of capabilities, use cases, and choices for companies building their technology stack. As a platform company, HubSpot embraces the power of these tools to complement or extend the functionality of HubSpot's core product offerings. Through the Connect Program, the company helps customers find and use high-quality, good-fit solutions that are right for their business by certifying and curating applications within the HubSpot ecosystem.
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WUHN | Hot Stocks09:17 EDT Wuhan General announces intention to spin off tech development business - Wuhan General Group announced that its Board of Directors has unanimously approved a plan to pursue a spin-off of the company's Canadian tech related business, Strategic Development of Technology, Inc, to company shareholders. The separation is planned as a tax-free spin-off transaction to the company's shareholders and is expected to be completed in the fourth quarter of 2018. The transaction is expected to result in two separate public companies that will benefit from leading positions in their respective industries. As of the Record Date, the company shareholders will be eligible to receive SDT common stock shares. The transaction is intended to take the form of a tax-free distribution to company shareholders. The expected stock distribution ratio will be confirmed in the comings weeks. Ramy Kamaneh, CEO said: "We believe that establishing SDT as a stand-alone, fully reporting public company will allow for us to align more closely with our strategic initiatives. It will also give the investment community clearer insight into the potential value our businesses can continue to create. As a Canadian company, this is a compelling opportunity to reach investors in the U.S. and in Canada by trading on both the OTCQB and CSE stock exchange markets." The company anticipates that the spin-off will enhance the growth potential and overall valuation of its businesses as a result of creating two separate companies specialized in fast-growing industries. With the added advantage of access to both Canada and U.S. market, the company is confident it will better serve shareholders. It will also allow each company to be more focused and competitive in their respective industries. This announcement will also serve to enable SDT to execute even better on their strategy and drive their vision of a sustainable and equitable industrial technology market. Once the separation completed, Wuhan General will file its 3 years of audited financials to become a fully reporting company as well as up listing to OTCQB, and apply for name and ticker symbol change.
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BL | Hot Stocks09:17 EDT BlackLine names Andres Botero CMO - BlackLine announced that B2B cloud software marketing veteran Andres Botero has joined the financial automation software company as chief marketing officer. As CMO, Mr. Botero will be responsible for driving BlackLine's global marketing strategy as the company seeks to capitalize on the growing worldwide demand for solutions that drive greater efficiency, financial governance and risk management across the spectrum of accounting and financial operations. Botero will report to COO Marc Huffman. He most recently served as senior vice president, Alliances, Channels and chief marketing officer at CallidusCloud.
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INPX | Hot Stocks09:16 EDT Inpixon announces successful spin-off of Sysorex - Inpixon (INPX) announced it has successfully completed the spin-off of its value added reseller business, Sysorex. As a result, Inpixon and Sysorex are now two separate publicly traded companies. In connection with the transaction, Inpixon distributed one share of Sysorex common stock for every three shares of Inpixon common stock to its stockholders and holders of outstanding warrants of record as of August 21 entitled to participate in the distribution. No fractional Sysorex shares were issued; however, distributees who would otherwise have been entitled to receive a fractional Sysorex share in the distribution will instead receive cash in lieu of that fractional share. The Sysorex shares were distributed on August 31 in a distribution that is intended to be tax-free for U.S. federal income tax purposes, provided, however, that the receipt of cash in lieu of fractional shares generally will be taxable to the recipient for U.S. federal income tax purposes. Sysorex common stock is anticipated to begin "regular-way" trading under the symbol (SYSX) on the OTC Markets on September 4.
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M... | Hot Stocks09:15 EDT Fly Intel: Pre-market Movers - HIGHER: Recro Pharma (REPH), up 25% after providing a regulatory update from a July Type A meeting with the FDA relating to a path forward for intravenous meloxicam... MannKind (MNKD), up 47% after announcing an exclusive licensing and collaboration agreement with United Therapeutics (UTHR)... PG&E (PCG), up 5% after BofA Merrill Lynch upgraded the stock to Buy from Neutral and raised its price target to $56 from $48. Analyst Julien Dumoulin-Smith said the passage of SB 901 by the California legislature substantially de-risks liabilities from the 2017 wildfires... Southwestern Energy (SWN), up 3% after agreeing to sell Fayetteville Shale E&P for $1.87B.. Ocean Rig (ORIG), up 16% after announcing Transocean (RIG) will acquire the company in a cash and stock transaction valued at approximately $2.7B... . UP AFTER EARNINGS: Conn's (CONN), up 6%. DOWN AFTER EARNINGS: WPP (WPP), down 7%. ALSO LOWER: Transocean, down 1% after announcing it will acquire Ocean Rig... Signet Jewlers (SIG), down 4% after Citi analyst Paul Lejuez downgraded the stock to Sell from Neutral. While the company's Q2 sales were better than expected with overall comps of up 1.7%, the underlying fundamentals do not suggest that business is healthy, Lejuez tells investors in a research note... Seagate (STX), down 4% after Evercore ISI analyst C.J. Muse downgraded it to Underperform based on peaking margins and HDD secular headwinds... Macy's(M), down 2% after Goldman Sachs analyst Alexandra Walvis initiated coverage of the stock with a Sell rating and $33 price target.
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BAK | Hot Stocks09:15 EDT Philadelphia Eagles, Braskem launch new sustainablity partnership - The Philadelphia Eagles are pleased to announce that Braskem will join the organization as a partner in recycling. Braskem enters into a nine-year sustainability-focused partnership with the Eagles, building on the team's long-standing commitment to environmental and community development programs. The partnership includes the development of a closed loop recycling program for bottle caps and other plastic products and an online education platform for 30 Philadelphia-area county schools to teach students about Science, Technology, Engineering and Math career opportunities to inspire the next generation of STEM leaders. As partners in sustainability, the Eagles and Braskem will work closely on developing and fostering eco-friendly solutions for communities throughout the Greater Philadelphia area. Unique to this new partnership will be the utilization of recycled bottle caps that Braskem will collect at Lincoln Financial Field and the NovaCare Complex, the team's practice facility. The collection and recycling process will be highlighted at an interactive fan zone located on Lincoln Financial Field's HeadHouse Plaza. Through this new integrated partnership, Lincoln Financial Field's Northeast Gate will be renamed the Braskem Gate. In addition, the partners will jointly develop recycling awareness content for exposure across the team's digital and social channels.
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CYBE | Hot Stocks09:13 EDT Cyberoptics receives $2.75M of orders for MX600 systems - CyberOptics announced that it has received orders valued at approximately $2.75M for MX600 memory module inspection systems. The orders were received from the same customer who previously purchased the MX600. Based on current material lead times, the company presently anticipates that revenue from these orders will be recognized in the first half of 2019. The company will provide updates regarding the potential timing of revenue recognition as the year progresses.
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ABBV | Hot Stocks09:13 EDT AbbVie to present new data across investigational medicines at EADV Congress - AbbVie announced that it will present new data across investigational medicines and HUMIRA at the 27th European Academy of Dermatology and Venereology Congress, September 12-16, in Paris. AbbVie will present data from three pivotal Phase 3 trials of risankizumab, an investigational interleukin-23 inhibitor, in patients with moderate to severe psoriasis, including first presentation of the full data results from the IMMvent trial as well as patient-reported outcomes results from ultIMMa-1, ultIMMa-2 and IMMvent. Additional patient-reported outcomes data from a Phase 2b trial evaluating upadacitinib, an investigational JAK1 inhibitor, in atopic dermatitis will be featured as an oral presentation on Thursday, September 13 at 3:20 p.m. CEST. In addition, efficacy and safety results at week 32 of the Phase 2b trial will be presented. Risankizumab and upadacitinib are not approved by regulatory authorities and safety and efficacy have not been established. AbbVie will also share long-term efficacy and safety results evaluating HUMIRA in hidradenitis suppurativa during an oral presentation. Data reporting long-term inhibition of radiographic progression with HUMIRA in psoriatic arthritis will also be featured as an oral ePoster presentation, along with real-world long-term safety and effectiveness data that further support the real-world value of HUMIRA for the treatment of moderate to severe psoriasis. HUMIRA is one of the most comprehensively-studied biologics available for immune-mediated diseases, and is supported by more than 20 years of clinical trial experience in immunology.
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WLL | Hot Stocks09:13 EDT Whiting Petroleum appoints Tim Sulser as Chief Corporate Development Officer - Whiting Petroleum announced that Tim Sulser has been named Chief Corporate Development and Strategy Officer, effective September 4. Sulser previously served as CEO of Salt Creek Oil and Gas, and Director of Investment Banking for Tudor Pickering & Holt. In his role as Chief Corporate Development and Strategy Officer, Sulser will be responsible for Corporate Planning, Business Development, Acquisitions and Divestitures, and Exploration.
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AEGN | Hot Stocks09:12 EDT Aegion announces completion of the sale of They Bayou Companies for $46M - Aegion announced the closing of its sale of the business and assets of The Bayou Companies, a wholly-owned subsidiary of Aegion, to a private equity fund managed by Altamont Capital Partners. As part of the transaction, the company also divested its 51% membership interest in Bayou Wasco Insulation. Bayou Companies and Bayou Wasco, each based in New Iberia, Louisiana, specialize in pipe coating and insulation for new construction in the on-shore and off-shore upstream oil and gas sector. The sale price was $46M, consisting of $38M paid in cash at closing and $8M in a fully secured two-year loan payable to Aegion. Aegion also will be eligible to receive an additional $4M in total earn-out payments based on performance of the divested businesses in 2019 and 2020. Cash proceeds, net of customary closing costs, will be used to repay outstanding borrowings on Aegion's line of credit. The sale is expected to result in a pre-tax loss of approximately $8M -$10M.
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CHTR | Hot Stocks09:11 EDT Charter launches Spectrum Mobile - Charter Communications announced the full market launch of Spectrum Mobile for new and existing Spectrum Internet subscribers across its footprint. The Company completed a successful soft launch earlier this summer. Designed to provide customers the highest quality experience and save them money, Spectrum Mobile is built on America's largest, most reliable LTE cellular network and is combined with a nationwide network of Spectrum WiFi hotspots. Spectrum Mobile is a smarter network, designed for the way mobile devices are used today, and the way they will be used tomorrow. Customers have the freedom to choose from Unlimited data, priced at $45/month starting with the first line, or By the Gig for $14/Gig, shared across all lines.
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CREG | Hot Stocks09:11 EDT China Recycling Energy announces LOI to acquire 20% stake in Xi'an Xinhua - China Recycling Energy announces that Shanghai TCH Energy Technology Co., its wholly owned subsidiary, recently entered into a Letter of Intention, or LOI, with a shareholder of Xi'an Xinhuan Energy Co. to acquire 20% ownership of Xinhuan by issuing new shares of CREG. The company and Xinhuan will make joint efforts to develop energy storage business in China. The Chairman of the Board of Directors of China Recycling Energy commented: " We are excited about the opportunity to acquire ownership of Xinhuan, which is an important step for our energy storage business. With the driving force of market demand and policy support in China, the energy storage industry will have a large probability of explosive growth and provide exciting development of this business."
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EVC | Hot Stocks09:10 EDT Entravision announces new morning show 'El y Ella' - Entravision Communications Corporation announced that starting on Tuesday, September 4th, it will begin airing "El y Ella" on WNUE-FM, 98.1 Salsa y Mas every weekday from 6am to 10am ET and will be hosted by Arnaldo Olivieri "JR al Aire" and Jessica Reyes. Mr. Olivieri and Ms. Reyes were happily married for 14 years and after being divorced for the last 5 years, they are "back together" and will be sharing their "uncoupled conversations" on "El y Ella."
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LIVN | Hot Stocks09:10 EDT LivaNova announces new cost analysis on VNS Therapy - LivaNova announced that a new cost analysis found the Company's Vagus Nerve Stimulation Therapy System, or VNS Therapy, results in lower resource utilization and lower cost for drug-resistant epilepsy, or DRE, patients when compared to continued treatment with anti-epileptic drugs, or AEDs. The analysis, published in Advances in Therapy and supported by LivaNova, showed initial costs for the VNS Therapy device, including placement and programming, were estimated to be offset 1.7 years post-implant and equated to an estimated net cost savings of $77,480 per patient over five years. The net cost savings are due primarily to a reduction in seizure-related hospitalizations, resulting in a 21.5% decrease in costs compared to treatment with AEDs alone.
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CDOR | Hot Stocks09:09 EDT Condor Hospitality Trust announces sale of non-core legacy hotel - Condor Hospitality Trust announced the closing on the sale of a legacy hotel asset, the 121-room Super 8 in Creston, Iowa for $5.1M. Net proceeds from the sale will be applied to outstanding debt on the company's $150M secured credit facility.
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CBL | Hot Stocks09:08 EDT CBL & Associates announces retirement of COO Gus Stephas - CBL Properties announced the retirement of Gus Stephas, CBL's EVP - COO, rounding out a nearly 50 year career in the real estate industry. Stephas' retirement will conclude a nearly 50 year career in the real estate industry, including 40 years with CBL and its predecessor company. Mr. Stephas joined CBL's predecessor company as Controller at its formation in 1978. He was promoted several times throughout his career and in 2010 was named Executive Vice President and COO. Over the next few months, he will assist in the transition of responsibilities to other members of CBL's executive team, including CBL's EVP - Operations, Mike Harrison.
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EBIX | Hot Stocks09:08 EDT Ebix acquires Miles Software for approximately $19M - Ebix announced that one of its Indian subsidiaries has signed the agreement to acquire Mumbai based Miles Software for an amount of approximately $19M, with an additional contingent earn out of up to $8.5M payable after 2 years.
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ABT AET | Hot Stocks09:07 EDT Abbott says new coverage decision extends pain therapy option - Abbott (ABT) announced a new national coverage determination for the company's dorsal root ganglion neurostimulation pain therapy through Aetna (AET), a leading health benefits company in the United States. With this coverage decision, Aetna will provide more than 22 million medical plan members with access to Abbott's DRG therapy for people with chronic pain. Aetna already covers Abbott's spinal cord stimulation therapies. Favorable coverage decisions for neurostimulation therapies by private payers such as Aetna support the goals of the U.S. Food and Drug Administration, Centers for Medicare & Medicaid and other government bodies to improve access to non-opioid alternatives for pain management. Abbott's DRG therapy is a form of neurostimulation that specifically targets the dorsal root ganglion, a structure along the spinal column which is densely populated with nerves that transmit sensory information to the central nervous system. By blocking or disrupting pain signals transmitted via the DRG, the therapy helps people living with neuropathic pain conditions, some of the most prevalent and under-treated forms of chronic pain in America.
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DSX | Hot Stocks09:07 EDT Diana Shipping announces continuation of time charter contract for m/v Medusa - Diana Shipping 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 Kamsarmax dry bulk vessels, the m/v Medusa. The gross charter rate is $14,000 per day, minus a 4.75% commission paid to third parties, for a period of minimum thirteen months to maximum fifteen months. The new charter period commenced yesterday. The m/v Medusa was chartered, as previously announced, at a gross charter rate of $10,000 per day, minus a 4.75% commission paid to third parties. The "Medusa" is a 82,194 dwt Kamsarmax dry bulk vessel built in 2010. This employment is anticipated to generate approximately $5.46 million of gross revenue for the minimum scheduled period of the time charter.
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KNOP | Hot Stocks09:06 EDT KNOT Offshore sees Q3 results affected by special drydocking of two vessels - The Partnership's earnings for the Q3 will be affected by the planned 5-year special survey drydocking of the Hilda Knutsen and Torill Knutsen. Both vessels are operating in the North Sea and will undergo drydocking in Europe. Each vessel is expected to incur offhire of approximately 18-20 days. Offsetting this offhire will be the Brasil Knutsen, which is expected to operate for the entire third quarter after being offhire for 53 days in the Q2 due to its scheduled drydocking. The Ingrid Knutsen is due for its 5-year special survey drydocking in the Q4 and is expected to incur offhire of approximately 18-20 days. Pursuant to the omnibus agreement the Partnership entered into with Knutsen NYK Offshore Tankers at the time of its initial public offering, the Partnership has the option to acquire from Knutsen NYK any offshore shuttle tankers that Knutsen NYK acquires or owns that are employed under charters for periods of five or more years. There can be no assurance that the Partnership will acquire any additional vessels from Knutsen NYK. The Board believes that demand for newbuild offshore shuttle tankers will continue to be driven over time based on the requirement to replace older tonnage in the North Sea and Brazil and further expansion into deep water offshore oil production areas such as in Pre-salt Brazil and the Barents Sea. The Board further believes that significant growth in demand exists and that this will continue for new shuttle tankers as the availability of existing vessels has reduced and modern operational demands have increased.
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AJG | Hot Stocks09:05 EDT Arthur J. Gallagher acquires Wheatman Insurance Services, terms not disclosed - Arthur J. Gallagher & Co. announced the acquisition of Woodland Hills, California-based Wheatman Insurance Services LLC. Terms of the transaction were not disclosed. Founded in 1989, Wheatman Insurance is a retail property/casualty insurance broker and employee benefits consultant and broker. It offers a full range of personal lines and financial services to families and individuals, as well as commercial property/casualty and employee benefits coverages to businesses, across the state of California. Mark G. Wheatman and his team will be relocating to Gallagher's Woodland Hills office under the direction of Scott Firestone, head of Gallagher's Southwest region retail property/casualty brokerage operations, and Norbert Chung, head of Gallagher's Western region employee benefits consulting and brokerage operations.
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EYEG | Hot Stocks09:04 EDT EyeGate reports randomization of first patients in study for PE - EyeGate Pharmaceuticals announced that the first three patients have been randomized in its study evaluating the ability of EyeGate's Ocular Bandage Gel to reduce corneal staining - a sign of ocular surface damage - in patients with punctate epitheliopathies due to pathologies such as dry eye. Randomization occurs if a patient meets specific clinical criteria after a two-week qualification period and can then enter the treatment phase of the study. To date EyeGate has enrolled 34 subjects in the qualification stage and continues to enroll as 30 subjects are required to qualify for the treatment stage. EyeGate's other ongoing OBG study which is for patients that have large corneal defects due to photorefractive keratectomy surgery is currently greater than 80% enrolled. Consequently, EyeGate expects to be on track for announcing top-line data on both studies in the fourth quarter of 2018. Both studies aim to test the potential of the unique proprietary OBG technology to manage the healing of the corneal epithelium - the outer layer of the cornea - for the benefit of patients experiencing these common conditions, which can cause pain, irritation, and reduced vision.
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TM | Hot Stocks09:03 EDT Toyota Motor North America reports August sales down 2% to 223,055 units - Toyota Motor North America reported August 2018 sales of 223,055 units. With the same number of selling days in August 2018 compared to August 2017, sales were down 2% on a daily selling rate and volume basis. Toyota division posted August 2018 sales of 194,433 units, down 1.2% on a DSR and volume basis. Lexus posted August sales of 28,622 units, down 7.1% on a DSR and volume basis.
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EYEG | Hot Stocks09:03 EDT EyeGate will continue to consider all alternatives to maximize shareholder value
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EYEG | Hot Stocks09:02 EDT EyeGate: EGP-437 did not show non-inferiority to control group in Phase 3 study - EyeGate Pharmaceuticals announced top-line results from its Phase 3 study evaluating the safety and efficacy of EGP-437 delivered through the EyeGate II Drug Delivery System in patients with non-infectious anterior segment uveitis. Although EGP-437 showed clinical efficacy, defined as a reduction in anterior chamber cell score throughout the study, it did not demonstrate non-inferiority to the prednisolone acetate ophthalmic solution control group. This was measured as the proportion of subjects with an anterior cell count of zero at Day 14. EyeGate will continue to review the data and will be assessing its strategic options for EGP-437 going forward. Stephen From, President and CEO of EyeGate, said, "Although we are disappointed with the results of the Uveitis study we continue to review the data and assess the path forward for EGP-437. This also represents an opportunity to shift our focus toward the key clinical trials that support our innovative Ocular Bandage Gel product, which has the potential to benefit patients with corneal surface damage. We are actively enrolling for the PRK and PE studies, both of which are on track for announcement of top-line data in the fourth quarter of 2018. We continue to consider all strategic alternatives to maximize shareholder value."
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CBRE | Hot Stocks08:56 EDT CBRE Group acquires CB Richard Ellis-N.E. Partners - CBRE Group announced that it has acquired CB Richard Ellis-N.E. Partners, a long-standing joint venture with Whittier Partners Group and the largest full-service commercial real estate services operation in New England. The CBRE/New England leadership team and professionals will join CBRE immediately. However, the CBRE/New England brand will remain until the end of the year. This is the second move to bolster CBRE's New England platform this year. In February 2018, a large group of top commercial real estate professionals from Transwestern, led by Steve Purpura, joined CBRE.
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EYEG | Hot Stocks08:50 EDT EyeGate trading resumes
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MYSZ | Hot Stocks08:48 EDT MySize partners with FIT to provide measurement solutions for students - My Size announced it is partnering with the Fashion Institute of Technology, an internationally recognized college for design, fashion, art, communications, and business in New York City, to provide its innovative mobile measurement solutions to students. Per the agreement, My Size will grant access to its Qsize and MySizeID apps for use within the institution's fashion curriculum. Students will use Qsize to measure garments throughout the quality control process, measure body sizes with MySizeID, and build a sizing chart to sync measurements with through the technology's platform. Professor Deborah Beard, Chair of Technical Design, creates programs to fit the fashion industry's technical design requirements and will be presenting this app to her students this fall with the My Size tech designers.
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NEOG | Hot Stocks08:47 EDT Neogen acquires Livestock Genetic Services, terms not disclosed - Neogen Corporation announced that it has acquired the assets of Livestock Genetic Services, a Virginia-based company that specializes in genetic evaluations and data management for cattle breeding organizations. The acquisition of Livestock Genetic Services enhances Neogen's in-house genetic evaluation capabilities, and complements the company's unparalleled global network of animal genomics laboratories. LGS has been a long-time strategic partner of Neogen's genomics business. Terms of the agreement were not disclosed.
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CLSN | Hot Stocks08:44 EDT Celsion receives approval to sell NOLs for up to $10M - Celsion announced it has received approval from the New Jersey Economic Development Authority's, or NJEDA, Technology Business Tax Certificate Transfer, or NOL, program to sell the company's unused New Jersey NOLs and R&D tax credits for the tax years 2011 to 2017. The exact percentage of NOL's to be sold will be determined by the NJEDA after reviewing all qualified applications. The NOL's are typically sold at a single digit discount to qualified companies with operations in New Jersey. As a result, the company anticipates it will be able to transfer this credit and receive up to $10M of net cash proceeds prior to the end of 2018. This competitive program, administered by the NJEDA, enables approved companies to sell their unused New Jersey net operating losses and R&D tax credits to unaffiliated, profit-generating corporate taxpayers in the state of New Jersey for at least 80% of the value of the tax benefits, up to a maximum lifetime benefit of $15M per company. This allows technology and biotechnology companies with NOLs to turn their tax losses and credits into cash proceeds to fund more R&D, expand its workforce, or cover other allowable expenditures. Celsion is the largest applicant with a submission that has been approved noting $12.5M in NOL's for the tax years 2011 to 2017.
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ZGNX | Hot Stocks08:39 EDT Zogenix announces published data from ZX008 study - Zogenix announced that detailed results of the Phase 2, open-label study evaluating its investigational drug, ZX008, for the treatment of refractory patients with Lennox-Gastaut Syndrome, or LGS, were published in the September issue of Epilepsia. Consistent with the previously-reported data from this study, the results demonstrated that ZX008 provided sustained, clinically meaningful seizure reduction in the majority of patients and was generally well-tolerated. The single-center, Phase 2, open-label dose-finding trial was a 20-week core study and a long-term extension option for those patients who were responders in the core study. Results presented in the paper included up to 15 months of treatment for patients in the long-term extension. Patients initiated treatment of ZX008 twice-daily. Patients who were responders remained at their effective dose, while non-responders were considered for a dose increase. Patients enrolled in the study had refractory LGS and a baseline median seizure frequency of 61 per month with multiple seizure types. Patients failed a median of five anti-epileptic treatments, including vagus nerve stimulation and ketogenic diet. Patients achieved a 53% median reduction in convulsive seizure frequency during the 20-week treatment period of the core study. A reduction in convulsive seizure frequency of at least 50% was seen in 62% of patients, with a reduction of at least 75% being reported in 23% of patients. The median dose of ZX008 was 0.4 mg/kg/day.
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CRHM | Hot Stocks08:34 EDT CRH Medical announces acquisition of Lake Erie Sedation Associates - CRH Medical Corporation announces that it has completed an accretive transaction whereby the Company has acquired 100% of a gastroenterology anesthesia practice in Northeastern Ohio. Lake Erie provides anesthesia services to two GI ambulatory surgical centers. The transaction was financed through a combination of CRH's credit facility and cash on hand. Lake Erie Transaction Highlights: estimated annual revenue of $2.1M, EBITDA and cash flow accretive.
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USPH | Hot Stocks08:32 EDT U.S. Physical Therapy acquires interest in physical therapy practice - U.S. Physical Therapy announced that it has acquired a majority interest in a four clinic physical therapy practice. The practice produced $4.3M in revenue in 2017. U.S. Physical Therapy acquired a 70% interest for $7.7M. The remaining 30% partnership stake is being retained by existing management.
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BCLI NVS | Hot Stocks08:30 EDT BrainStorm appoints Arturo Araya CCO - BrainStorm (BCLI) announced that is has appointed Arturo Araya as CCO, effective immediately. Araya brings to the BrainStorm team nearly two decades of global pharmaceutical commercialization, marketing, and general management experience, including as global head of commercial of Novartis' (NVS) cell and gene therapies unit. Araya has served on BrainStorm's board since February 2017. He will be responsible for leading the company's marketing, sales and commercial operations as the company prepares for a potential launch of NurOwn in amyotrophic lateral sclerosis, or ALS.
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EYEG | Hot Stocks08:29 EDT EyeGate trading halted, news pending
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VAR | Hot Stocks08:29 EDT Varian Medical installs cyclotron for ProBeam Compact proton therapy system - Varian announced the installation of the cyclotron for the Varian ProBeam Compact single-room proton therapy system at the cancer treatment center on the campus of the Delray Medical Center in Delray Beach, Florida. The cyclotron is a core piece of equipment of the ProBeam proton therapy system, and its installation is a key milestone for every new proton therapy center. Varian is partnering with Proton International for the installation, and the first patient treatments are expected to start in the fall of 2019. The Varian ProBeam Compact system is the only single-room system equipped with a 360-degree gantry for intensity modulated proton therapy. The ProBeam system also consists of a superconducting cyclotron, and high-speed pencil-beam scanning. The system's integrated cone beam CT provides accurate patient positioning based on high quality anatomical images with excellent soft tissue resolution. In combination with the ARIA oncology information system and Eclipse treatment planning system, the ProBeam system enables an efficient adaptive workflow.
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LMT | Hot Stocks08:27 EDT Lockheed Martin awarded automated test equipment contract - The U.S. Navy awarded Lockheed Martin a seven-year contract worth up to more than $500M to build and deliver more than 200+ electronic Consolidated Automated Support Systems to maximize aircraft readiness. The previous Navy CASS contract awarded in 2000 to Lockheed Martin was worth $287M. Lockheed Martin technicians build and test eCASS stations, which troubleshoot and repair avionics for Navy aircraft, at a facility in Orlando, Florida. According to Navy Naval Air Systems Command, eCASS saves the Navy money by averting the repair of avionics at the next level of maintenance or sending the parts back to the original equipment manufacturer. Sailors use eCASS to troubleshoot and repair aircraft electronics ashore and at sea, allowing them to return aircraft such as the F/A-18 and E-2D to operational status quickly and efficiently.
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ESTA | Hot Stocks08:26 EDT Establishment Labs to transition to direct sales force in the United Kingdom - Establishment Labs announced that it is transitioning, effective October 1, to a direct sales force in the United Kingdom. In the United Kingdom, Establishment Labs previously employed a hybrid sales model that included both a distributor and direct sales strategy, but will now operate entirely through its own sales force to support the anticipated growth in this market. A direct sales model allows the company to engage with plastic surgeons, have control over the sales and marketing process and manage the inventory needs of larger accounts.
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EQR | Hot Stocks08:21 EDT Equity Residential announces retirement of CEO David Neithercut - Equity Residential announced key executive management changes as part of its succession planning program. David Neithercut, the company's president and CEO since 2006, will retire as CEO on December 31, 2018, at which time Mark Parrell will be appointed CEO and join the Company's Board of Trustees. Neithercut will remain a member of the Board following his retirement. Parrell has been appointed president effective today. He has served as the company's EVP and CFO since 2007. Robert Garechana has been appointed EVP and CFO effective today. Garechana currently serves as SVP and treasurer of the company, has served as Treasurer since 2008, and held various other finance roles since joining the company in 2004.
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MNGA | Hot Stocks08:19 EDT MagneGas initiates second phase of USDA grant project - MagneGas announced that is has initiated the second phase of an 18-month, United States Department of Agriculture, or USDA, grant-funded sterilization project. This project successfully launched its first grant-funded operations at a dairy farm in Bowling Green, Florida in December 2017 and in May MagneGas held its first successful demonstration to the USDA. The second phase of the sterilization project will expand the scope of pathogens and living organisms tested for sterilization efficacy. The project will also expand the study of efficacy in breaking down pharmaceutical wastes trapped in associated waste water. Lastly, the second phase of the project will significantly expand the study of the waste solids processed using the company's patented plasma arc technology. The second phase of testing on site is expected to run through early October, and the demonstration day is scheduled for the end of September.
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SNY | Hot Stocks08:19 EDT Sanofi says EU grants marketing authorization for Cablivi in aTTP - Sanofi said yesterday that the European Commission has granted marketing authorization for Cablivi for the treatment of adults experiencing an episode of acquired thrombotic thrombocytopenic purpura, a rare blood-clotting disorder. Cablivi is the first therapeutic specifically indicated for the treatment of aTTP. Cablivi was developed by Ablynx, a Sanofi company. Sanofi Genzyme, the specialty care global business unit of Sanofi, will work with relevant local authorities to make Cablivi available to patients in need in countries across Europe. The approval of Cablivi in the EU is based on the Phase II TITAN and Phase III HERCULES studies in 220 adult patients with aTTP. The efficacy and safety of caplacizumab in addition to standard-of-care treatment, daily PEX and immunosuppression, were demonstrated in these studies. In the HERCULES study, treatment with caplacizumab in addition to standard-of-care resulted in a significantly shorter time to platelet count response, the study's primary endpoint; a significant reduction in aTTP-related death, recurrence of aTTP, or at least one major thromboembolic event during study drug treatment; and a significantly lower number of aTTP recurrences in the overall study period. Importantly, treatment with caplacizumab resulted in a clinically meaningful reduction in the use of PEX and length of stay in the intensive care unit and the hospital, compared to the placebo group. Additionally, the U.S. FDA has accepted for priority review the Biologics License Application for caplacizumab for treatment of patients 18 years of age and older experiencing an episode of aTTP. The target action date for the FDA decision is February 6, 2019.
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ARRS | Hot Stocks08:18 EDT Arris names Karen Renner as chief information officer - ARRIS International announced that Karen Renner has joined the company as chief information officer, reporting to CEO Bruce McClelland. Renner will lead the Information Technology team out of Suwanee, Georgia. Renner brings more than 25 years of IT leadership experience to ARRIS. Previously, she was the North American CIO for Thales, a global aerospace, defense and security company with operations in 56 countries.
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SGMS | Hot Stocks08:17 EDT Scientific Games appoints James Sottile as EVP and Chief Legal Officer - Scientific Games announced that James Sottile will join the company as Executive Vice President, or EVP, and Chief Legal Officer for the Company, effective September 4th. Sottile will oversee Scientific Games' global legal organization and report to Scientific Games President and CEO Barry Cottle. Sottile joins Scientific Games from Jones Day, where he was a partner in its New York office. He has extensive experience successfully litigating complex commercial matters, negotiating positive solutions with regulators and developing legal strategies to solve critical business issues. Sottile has been named a notable practitioner by Chambers USA: America's Leading Business Lawyers since 2005 and has been recognized in The Best Lawyers in America since 2011.
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OPK | Hot Stocks08:15 EDT Opko Health initiates Phase 2 trial of Rayaldee - Opko Health has initiated a Phase 2 clinical trial to study the safety and efficacy of Rayaldee as a new treatment for secondary hyperparathyroidism, or SHPT, in adults with vitamin D insufficiency and stage 5 chronic kidney disease, or CKD, requiring hemodialysis. The trial will be conducted at multiple dialysis centers in the U.S. in two sequential cohorts. The first cohort of approximately 44 patients will be treated for 26 weeks in a randomized, open-label fashion with either Rayaldee or placebo to identify the appropriate dosing to be studied in the second cohort. Data readout for this first cohort is expected in 2019. The second cohort of more than 200 patients will be treated for 26 weeks in a randomized, double-blind fashion with one of three different doses of Rayaldee or placebo. The primary efficacy endpoint will be correction of vitamin D insufficiency and control of SHPT. Patients will then be treated with Rayaldee for another 26 weeks in an open-label extension.
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RGS | Hot Stocks08:14 EDT Super C Group agrees to acquire 65 Michigan-based salons from Regis - The Super C Group has entered into an agreement to acquire 65 Michigan-based salons from Regis Corporation. Vision Growth Partners, a lower end, middle-market private equity company, and the managing partner of Super C Group, is led by Michael Sarafa. The group specializes in the acquisition of service-oriented retail businesses. The acquisitions, along with several planned new store openings, is expected to bring the total number of franchised Supercuts locations in Michigan to 85, which includes other franchisees. These acquisitions will make the Super C Group the largest Supercuts franchisee in the Midwest. The salons being acquired are currently branded as BoRics, Hair Master or Fiesta Salons. All the stores will be remodeled and converted into the Supercuts brand. The agreement also includes 13 existing Supercuts corporate stores. Regis Corporation has launched a national marketing push for their Supercuts brand, which includes a multi-year sponsorship with Major League Baseball. In addition to the salons that are being acquired and converted to Supercuts, The Super C Group also will open 10 new organic locations, also in Michigan, over the next several years. Super C Group intends to retain all of the approximately 400 store employees. Adrian Shayota, a member of the Super C Group, has been named as Director of Operations. Lisa Dennison, the current Regional Manager for Regis' Michigan stores, will join the Super C Group in September. The store acquisitions will take place in small groups and will be completed by the spring of 2019.
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PBYI | Hot Stocks08:12 EDT Puma Biotechnology granted marketing authorisation for NERLYNX in Europe - Puma Biotechnology announced that the European Commission, or EC, has granted marketing authorisation for NERLYNX for the extended adjuvant treatment of adult patients with early stage hormone receptor positive HER2-overexpressed/amplified breast cancer and who are less than one year from the completion of prior adjuvant trastuzumab based therapy. EC approval was based on the Phase III ExteNET trial, a multicenter, randomized, double-blind, placebo-controlled trial of neratinib following adjuvant trastuzumab treatment.
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VSAT | Hot Stocks08:12 EDT Nevada State Parks Department selects Viasat for connectivity - Viasat announced the Nevada State Parks Department will tap into Viasat's satellite-enabled Wi-Fi hotspot platform, to provide a rich connectivity experience at its parks statewide. In January 2017, during his State of the State address, Nevada Governor Brian Sandoval unveiled the Explore Your Nevada initiative. This program highlighted the expansion and creation of new Nevada State Park locations, as well as a number of new park amenities-including Wi-Fi enabled parks and campgrounds-to stay competitive and relevant in the outdoor recreation market. Viasat brings decades of experience supporting outdoor connectivity networks nationwide. The Company currently provides global communications and connectivity services to federal, state and local governments; militaries; small businesses; multinational corporations; airlines; and consumers, among other markets.
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EYES | Hot Stocks08:11 EDT Second Sight appoints Pat Rayn as COO - Second Sight Medical Products announced that Pat Ryan has been appointed COO effective immediately. In this newly created role, Ryan will assume responsibility for Research & Development, Manufacturing, Planning & Materials, Quality Assurance, and Information Technology. He will report to Will McGuire, Second Sight's President and CEO.
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CBIO | Hot Stocks08:10 EDT Catalyst Biosciences announces publication of MarzAA Phase 1 data - Catalyst Biosciences announced the peer-reviewed publication of previously reported data from the Phase 1 trial of marzeptacog alfa in individuals with hemophilia A or B with or without inhibitors in the Journal of Thrombosis and Haemostasis.The paper, entitled: "Phase 1, single-dose escalating study of marzeptacog alfa, a recombinant factor VIIa variant, in patients with severe hemophilia," details the safety, tolerability, pharmacokinetics and pharmacodynamics of single ascending intravenous bolus doses of MarzAA. Subjects in the international Phase 1 open-label study were assigned to single dose MarzAA cohorts. MarzAA showed linear dose-response PK across the 4.5-30 mug/kg dose range, with a terminal half-life of 3.5 hours. Dose-dependent shortening of activated partial thromboplastin time and prothrombin time, and an increase in peak thrombin, determined with a thrombin generation assay, was also observed. MarzAA was well tolerated at all dose levels and was not associated with dose-limiting toxicity. No treatment-emergent severe or serious adverse events occurred."MarzAA showed favorable pharmacological data in this first-in-human study and no potential safety concerns were identified. Together, these results supported further examination of MarzAA for the treatment of hemophilia A or B with inhibitors, particularly via subcutaneous administration," said Ralph Gruppo, M.D., lead study author.
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SCYX | Hot Stocks08:09 EDT Scynexis presents ibrexafungerp data at 2018 ESCMID/ASM conference - SCYNEXIS announced the presentation of data at the 2018 European Society of Clinical Microbiology and Infectious Diseases/American Society for Microbiology Conference on Drug Development to Meet the Challenge of Antimicrobial Resistance, September 4-7, 2018, in Lisbon, Portugal. Ibrexafungerp, the first representative of a novel oral and intravenous triterpenoid antifungal family, is in clinical development for the treatment of multiple serious fungal infections, including vulvovaginal candidiasis, invasive candidiasis, invasive aspergillosis and refractory invasive fungal infections. Candida glabrata, the second-most common fungal species isolated from blood in the US, is one of the most common fungal pathogens worldwide and fks mutations are a growing problem leading to echinocandin resistance. The poster presentation, titled "Ibrexafungerp Displays Potent In Vitro Activity Against C. glabrata Isolates with Mutations in fks Genes," combines the results of several in vitro studies of ibrexafungerp against a total of 79 Candida glabrata strains with fks mutations showing that ibrexafungerp maintains potent activity against these echinocandin-resistant strains when compared to caspofungin and micafungin. In five independent studies, the in vitro susceptibility, determined by broth micro-dilution, of C. glabrata strains to ibrexafungerp was assessed, including 79 isolates with fks mutations and 142 wild-type isolates. Comparator compounds varied across studies and included caspofungin and micafungin. In these studies, ibrexafungerp demonstrated activity against 78% of C. glabrata isolates with fks mutations, including those with the most commonly observed fks1 and fks2 mutations, a superior rate as compared to both caspofungin and micafungin.
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NEXT MDR | Hot Stocks08:09 EDT NextDecade and McDermott agree not to execute EPC contract for RGNLNG - NextDecade (NEXT) announced a status update regarding engineering, procurement, and construction, or EPC, services for its Rio Grande LNG, or RGNLNG, project in South Texas. As previously disclosed, NextDecade and McDermott International (MDR) planned to sign a lump-sum turnkey EPC contract for the construction of RGLNG by the end of Q2. NextDecade and McDermott have agreed not to execute an EPC contract for the construction of RGLNG. NextDecade and McDermott believe McDermott will have to secure a joint venture partner in order to successfully execute and financially guarantee an LNG project of RGLNG's size and scope.
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PIRS | Hot Stocks08:08 EDT Pieris announces dosing of first patient in Phase 1 combination trial - Pieris Pharmaceuticals said it has dosed the first patient in the company's Phase 1 combination clinical trial of PRS-343, its lead proprietary immuno-oncology drug candidate targeting HER2 and 4-1BB, plus atezolizumab, an approved PD-L1 inhibitor. The trial, a multicenter, open-label, Phase 1 dose escalation study, is designed to determine the safety, tolerability, and potential synergistic anti-tumor effects of PRS-343 plus anti-PD-L1 immunotherapy in patients with advanced or metastatic HER2-positive solid tumors. Elevated HER2 expression is associated with multiple cancers, including gastroesophageal, bladder, breast, and a range of other tumor types. The trial is fully funded and sponsored by Pieris, while Roche is supplying atezolizumab."The initiation of the combination trial of PRS-343 with an anti-PD-L1 immunotherapy marks the beginning of Pieris' investigation into the potential synergistic effects of its 4-1BB-targeted therapy with PD-1/L1 blockade," said Louis Matis, M.D., Senior Vice President and Chief Development Officer of Pieris. "Given evidence from multiple preclinical studies demonstrating synergistic anti-tumor activity from concurrent 4-1BB activation and PD-(L)1 pathway blockade, we believe that combination therapy with PRS-343 and atezolizumab has the potential to provide significant clinical benefit for patients. We are enthusiastic to be initiating this trial and look forward to reporting our findings from this combination study next year."
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WHF | Hot Stocks08:08 EDT WhiteHorse Finance comments on recent block trade transaction - WhiteHorse Finance issued the following statement regarding a recent block trade transaction by funds affiliated with H.I.G. Capital: "On August 29, 2018, the Bayside Funds agreed to sell in a block trade an aggregate of 972,622 shares of common stock at a price of $13.88 per share to a large institutional investor. WhiteHorse Finance expects the Bayside Funds, who collectively have held a majority position in WhiteHorse Finance since its IPO in 2012, to gradually reduce their ownership positions in the Company. Following the block trade, those positions comprise 52.5 percent of all shares outstanding in the Company. Due to their control of the general partner of each of the Bayside Funds, Sami Mnaymneh and Anthony Tamer may each be deemed to be beneficial owners of common stock in WhiteHorse Finance. Messrs. Mnaymneh and Tamer disclaim beneficial ownership of shares of common stock held by the Bayside Funds, and have not sold WHF common stock personally owned."
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HMC | Hot Stocks08:07 EDT Honda reports August U.S. sales up 1.3% to 147,903 units - Honda reported August U.S. sales were up 1.3% from the same month of last year to 147,903 units, with Honda division sales down 0.1% and Acura division sales up 14.8%.
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SLNO | Hot Stocks08:07 EDT Soleno Therapeutics reports issuance of new U.S. patent for DCCR - Soleno Therapeutics announced the issuance of a new patent from the U.S. Patent and Trademark Office related to the use of pharmaceutical formulations of diazoxide and diazoxide choline to increase lean body mass and the lean body mass/fat mass ratio in patients with Prader-Willi syndrome. PWS is a rare and complex genetic neurobehavioral and metabolic disorder affecting appetite, body composition, growth, metabolism, cognitive function, and behavior. Enrollment in Soleno's Phase III clinical trial for DCCR in PWS has commenced at multiple sites in the U.S. The U.S. Food and Drug Administration has designated the investigation of DCCR for the treatment of PWS a Fast Track development program. In addition, Diazoxide choline has received orphan drug designations in the U.S. and E.U.
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OPNT | Hot Stocks08:07 EDT Opiant Pharmaceuticals completes enrollment for OPTN001 trial - Opiant Pharmaceuticals announced that it has completed patient enrollment in its Phase 2 clinical trial of OPTN001, a naloxone nasal spray, for the treatment of Bulimia Nervosa. The company expects to report top-line data from this trial in Q1 of 2019. Bulimia Nervosa is an eating disorder characterized by binging and purging that impacts about one million Americans. Treatment of Bulimia Nervosa can be challenging, with as many as 30% of patients relapsing. Fluoxetine, an orally administered antidepressant, is the only drug currently approved for this indication.
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NEXT | Hot Stocks08:07 EDT NextDecade announces retirement date of COO Rene van Vliet - NextDecade announced that the company's Chief Operating Officer, Rene van Vliet, will retire as an officer and director of the company effective October 1. Van Vliet will remain as an advisor to company until the end of 2018. Van Vliet has helped position NextDecade to be one of the leading second wave U.S. LNG companies by overseeing the front-end engineering and design of the company's Rio Grande LNG project and by helping implement the competitive EPC process NextDecade announced today, which will lead to a lump-sum turnkey EPC contract. NextDecade has initiated a global search for a new COO and intends to conclude this process prior to year-end. In addition, NextDecade announced that Ivan van der Walt has joined the company as Project Manager, Rio Grande LNG. Effective on October 1 and until a new COO is appointed, van der Walt will report directly to Schatzman.
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ARCI | Hot Stocks08:06 EDT GeoTraq contracts engineering firm to design cellular IoT module - Appliance Recycling Centers of America announced that its subsidiary, GeoTraq Inc., has entered into an agreement with an electronic design firm specializing in cellular chipset technology to design an advanced cellular IoT module that incorporates GeoTraq's proprietary Cell-ID technology for expected release later this year.
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NEXT | Hot Stocks08:05 EDT NextDecade receives FERC scheduling notice for Rio Grande LNG - NextDecade announced that the Federal Energy Regulatory Commission, or FERC, has issued a notice of schedule for environmental review of NextDecade's Rio Grande LNG project in South Texas, as well as the associated Rio Bravo Pipeline to originate in the Agua Dulce area. According to the notice, FERC will issue its final Environmental Impact Statement, or EIS, on April 26, 2019, based on issuance of a draft EIS in October 2018. FERC has established a 90-day Federal Authorization Decision Deadline on July 25, 2019. Assuming a favorable FERC order, NextDecade anticipates a final investment decision on the project in Q3 of FY19.
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TRHC | Hot Stocks08:05 EDT Tabula Rasa HealthCare acquires Mediture and eClusive; terms not disclosed - Tabula Rasa HealthCare announced it has acquired Mediture and eClusive, an electronic health record solution and provider of third party administrator services in the PACE market. Mediture and eClusive also service several managed long-term care organizations in the State of New York. Mediture and eClusive will become part of TRHC's new CareVention HealthCare technology and service division.
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IMAX XPER | Hot Stocks08:05 EDT Imax enters partnership with DTS - IMAX (IMAX) and DTS, a wholly owned subsidiary of Xperi (XPER), announced a new partnership for the next-generation of home entertainment with the launch of the IMAX(R) Enhanced program. The new certification and licensing program combines the highest-end consumer electronics products with IMAX digitally re-mastered 4K HDR content and DTS audio technologies to offer consumers a new level of quality in immersive sight and sound experiences for the home. IMAX and DTS developed the program out of their decades of combined expertise in image and sound science to make it easier for consumers to select the products and content that will deliver the highest-quality, sharpest 4K HDR images and powerful, immersive sound at home. The companies are designing an IMAX Mode for the enhanced devices that will be meticulously optimized to play digitally re-mastered content as the filmmaker intended in the home. Consumers can access content from Hollywood studios as well as select IMAX documentaries through its IMAX Home Entertainment division. The company will also work with its global studio and other content partners to make available a steady stream of enhanced versions of blockbuster movies and additional programming.
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JNJ | Hot Stocks08:04 EDT Johnson & Johnson submits esketamine nasal spray NDA to FDA - The Janssen Pharmaceutical Companies of Johnson & Johnson announced the submission of a New Drug Application to the U.S. Food and Drug Administration for esketamine nasal spray. Janssen is seeking FDA approval of esketamine for treatment-resistant depression in adults. Esketamine is an investigational, rapidly acting antidepressant that works differently than currently available therapies for major depressive disorder. Through glutamate receptor modulation, esketamine is thought to help restore connections between brain cells in people with treatment-resistant depression. The NDA is based on five pivotal Phase 3 studies of esketamine nasal spray in patients with treatment-resistant depression: three short-term studies, one withdrawal maintenance of effect study, and one long-term safety study. Data from these studies demonstrate that treatment with esketamine nasal spray plus a newly initiated oral antidepressant compared to placebo nasal spray plus a newly initiated antidepressant was associated with rapid reduction of depressive symptoms and delayed time to relapse of symptoms of depression.5,6 The long-term safety study showed that the esketamine doses studied were generally tolerated, with no new safety signals with dosing up to 52 weeks, compared to data from the short-term esketamine studies.7 The short-term esketamine Phase 3 study in adults with treatment-resistant depression included a newly initiated oral antidepressant in both the control and placebo groups.
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CACI | Hot Stocks08:03 EDT CACI awarded contract by DCNO - CACI International announced that it was awarded a prime position on a multiple-award, indefinite delivery/indefinite quantity contract to support the Deputy Chief of Naval Operations, or DCNO, Manpower, Personnel, Training and Education, or MPT&E, organization. The nine-year contract, with a ceiling value of $184M, represents both new and continuing work for CACI in its Business Systems market. For more than 20 years, CACI has supported the MPT&E organization, which is responsible for manning the fleet and making sure that sailors are ready for the tasks they will undertake. Under the contract, CACI will provide business management services and business process reengineering to support the MPT&E program as the organization moves to streamline personnel management processes and improve the quality of services.
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AXTA | Hot Stocks08:03 EDT Axalta Coating announces Terrence Hahn officially joins company as CEO - Axalta Coating Systems announced that Terrence Hahn has officially joined the company as CEO, succeeding Charlie Shaver, who will continue at Axalta as non-executive chairman. Hahn will also serve on Axalta's Board of Directors, expanding the Board's size from eight to nine Directors. Axalta previously announced this transition on July 25, 2018.
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EIGR | Hot Stocks08:02 EDT Eiger announces 'positive' meeting with FDA on Progeria program - Eiger BioPharmaceuticals announced it has received minutes from a pre-investigational new drug meeting with the Division of Gastroenterology and Inborn Errors Products of the U.S. Food and Drug Administration for lonafarnib in the treatment of Hutchinson-Gilford Progeria Syndrome. Eiger plans to submit a new drug application in 2019. There is no approved treatment for Progeria, an ultra-rare and fatal genetic condition characterized by accelerated aging in children. Eiger and the FDA engaged in a collaborative discussion regarding the analysis methodology for the survival data that was published in April 2018 Journal of the American Medical Association as potential support for submission of an NDA filing. This clinical study, which compared children with Progeria who received lonafarnib monotherapy with matched untreated children with Progeria, reported a primary outcome of mortality. The study found that children taking lonafarnib monotherapy experienced a 77 percent reduction in the risk of mortality compared to a natural history, matched-control cohort of untreated children after two years of study. Based on this meeting with the FDA, Eiger does not anticipate conducting additional clinical efficacy studies to complete the filing for registration. Clinical studies with lonafarnib in Progeria were funded by The Progeria Research Foundation. Eiger has supplied lonafarnib for investigational use in Progeria clinical studies since 2015, and is now responsible for development, regulatory, commercialization and distribution activities for lonafarnib in Progeria.
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CI | Hot Stocks08:01 EDT Cigna appoints Gina Papush as Global Chief Data and Analytics Officer - Global health service company Cigna has appointed Gina Papush as Global Chief Data and Analytics Officer. In this newly created role, Papush will be responsible for leading Cigna's enterprise data and analytics team and further enhancing its vision and strategy to advance Cigna's growth agenda. She will be based in Bloomfield, Conn. and report directly to Chris Hocevar, Cigna's President of Strategy, Segments and Solutions. Papush comes to Cigna with more than 22 years of experience in analytics strategy development and the use of data science to drive business value. Most recently, she served as the Global Chief Data and Analytics Officer at QBE Insurance Group where she oversaw data and analytics functions for the firm globally.
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APLS | Hot Stocks07:45 EDT Apellis provides update on PHAROAH trial for PNH - Apellis announced an update on its US-based Phase 1b PHAROAH trial for patients with paroxysmal nocturnal hemoglobinuria, or PNH. The ongoing PHAROAH trial is evaluating treatment with APL-2, a novel inhibitor of complement factor C3, in patients on treatment with eculizumab who are severely anemic and transfusion-dependent. Patients enrolled in the PHAROAH trial were initially co-treated with APL-2 and eculizumab, with the potential for discontinuation of eculizumab at the discretion of the treating physician. Two of the six patients were removed from treatment with APL-2 due to pregnancy and BMI-associated comorbidities. Four of the six patients continued in the study for more than 32 weeks. In these four patients, co-treatment with APL-2 resulted in an improvement of hemoglobin levels and other markers for anemia and none of the four patients required a transfusion during the co-treatment period with eculizumab, which ranged from 17 to 20 months. Earlier this year Apellis announced that three of the four patients discontinued treatment with eculizumab and were continuing to receive APL-2. The fourth patient has now discontinued treatment with eculizumab and is continuing to receive APL-2. All four patients have improved hemoglobin and reticulocytes as compared to the baseline established with eculizumab monotherapy and have achieved lactate dehydrogenase levels below the upper limit of normal.
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AVP | Hot Stocks07:44 EDT Avon Products advances service supply chain transformation - Avon Products announced key milestones in the transformation of its supply chain. Transformation efforts thus far have included digital applications, leadership appointments and operational changes, such as: Rob Lowndes, currently VP, Global Fashion and Home, will assume the role of VP, Sales and Operations Planning. Rob will be responsible for matching objectives to new technologies, adopting an integrated value chain perspective in order to manage sales and more effectively order planning to improve product availability and service levels across Avon's global markets. He will report to Avon's Global President, Miguel Fernandez. Avon's next generation technologies allow for increased adaptability to demand volatility, a dramatic reduction in delays to service delivery, greater inventory and process efficiency, strategic resource allocation and end-to-end Representative engagement. Avon's exclusive demand planning software accurately forecasts Representative and customer demand and synchronises Avon's ability to meet these demands by right-sizing inventory requirements across its supply chain. This unique new Machine Learning Model has gone live in all three of Avon's top 10 markets, after successful pilots in the UK, Russia and Mexico. Plans are in place for further roll-out to Avon's top 15 markets by early 2019, beginning with Brazil in November, with a longer term goal of using this advanced technology to achieve a fully automated campaign planning process. In early April, Avon committed to speaking to up to 100 Representatives in each of its top 14 markets each day, measuring satisfaction scores across 10 fundamental service KPIs and applying the data to immediate preventative and corrective actions. In just 11 weeks, Avon made 25,000 calls to its Representatives and achieved: 30% reduction in damaged boxes, successful launch of reinforced and compartmentalised boxes in five countries and average representative satisfaction scores up by as much as 30% in some markets.
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CPRT | Hot Stocks07:40 EDT Copart opens seventh location in Brazil - Copart is pleased to announce the opening of its seventh location in Brazil. The facility is located at Estrada da Roseira, 6.725, bairro Borda do Campo, Sao Jose dos Pinhais, near the city of Curitiba, the capital of the State of Parana. The new Curitiba location, which can store up to 7,000 vehicles, is strategically located to meet increasing buyer and seller needs in Brazil.
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ZIOP PCRX | Hot Stocks07:40 EDT Ziopharm nominates Scott Braunstein for election to the board - Ziopharm (ZIOP) announced that its board has nominated Scott Braunstein, an operating partner at Aisling Capital, for election to the board at the company's annual meeting of stockholders on September 8. In addition to Aisling Capital, Braunstein has held leadership positions including serving as the COO at Pacira (PCRX).
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D | Hot Stocks07:39 EDT Dominion announces commitments secured for $3B Cove Point term loan - Dominion Energy announced that it has successfully secured commitments totaling $3B from over 20 lenders for its three-year, non-amortizing, Cove Point term loan facility. The facility is expected to close and fund later this month. Initial drawn pricing for the term loan is set at Libor plus 1.375%. Dominion Energy intends to use the proceeds from the financing to reduce parent-level debt. As a result, parent level debt as a percentage of total company debt will fall by approximately 8 percent, representing significant progress toward achieving Dominion Energy's credit objectives.
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ONCS | Hot Stocks07:38 EDT OncoSec announces $15M at market investment from Alpha Holdings - OncoSec Medical Incorporated announced that it has secured a $15M investment from Alpha Holdings as part of a value focused, fundamental strategic investment centered on the clinical development of OncoSec's lead immunotherapy product candidate, TAVO. TAVO enables the intratumoral delivery of DNA-based interleukin-12, a naturally occurring protein with powerful immune-stimulating functions. Under the terms of the agreement, Alpha Holdings has committed to purchase a total of $15M worth of shares of common stock from OncoSec at $1.50 per share. The purchase is to be made in two tranches, each subject to a six-month holding requirement. Further details of the transaction can be found in the Form 8-K filed by the Company describing the agreement.
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CPE | Hot Stocks07:37 EDT Callon Petroleum sees FY18 total production 31.5-33.0 MBOE/d - Callon has updated its 2018 guidance for the acquisition and the results of operations through August 2018. Sees FY18 total production 31.5-33 MBOE/d up from 29.5-32. Sees LOE, including workovers, $5.00-$6.00, down from $5.25-$6.25. Sees operational CapEx $530M-$560M, up from $500M-$540M. Sees capitalized expenses $75M-$85M, up from $60M-$70M. Sees net operated horizontal wells placed on production 47-50, up from 43-46.
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BIIB | Hot Stocks07:34 EDT Biogen announces first patient enrolled in CHARM study for BIIB093 - Biogen announced the enrollment of the first patient in the global Phase 3 clinical study CHARM, designed to evaluate BIIB093 for the prevention and treatment of severe cerebral edema in large hemispheric infarction, or LHI, one of the most severe types of ischemic stroke where brain swelling often leads to high morbidity and mortality. The CHARM study is an international, multicenter, randomized, double-blind, placebo-controlled, Phase 3 study that aims to enroll 680 patients with LHI in approximately 20 countries. It will evaluate the efficacy and safety of IV glibenclamide treatment within 10 hours following stroke onset. The primary endpoint is the modified rankin scale, a functional outcome, assessed at 90 days.
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FWRD | Hot Stocks07:32 EDT Forward Air's CEO transition became effective - Forward Air announced that its previously-announced CEO transition became effective on September 1 when Tom Schmitt, the Company's new President and CEO, began his employment with the Company and was elected as a member of the Company's Board of Directors. The Company's Board now consists of nine members, seven of whom are independent directors. Also, effective on September 1 Bruce Campbell assumed his new role as Executive Chairman.
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CPE XEC | Hot Stocks07:32 EDT Callon Petroleum announces closing of Delaware Basin acquisition - Callon Petroleum Company (CPE) announced that its wholly owned subsidiary, Callon Petroleum Operating Company, closed on its previously announced acquisition of oil and natural gas assets in the southern Delaware Basin from Cimarex Energy (XEC) for total cash consideration of approximately $538.6M, including customary purchase price adjustments and the deposit paid upon signing, on August 31, 2018. The acquisition includes approximately 28,000 net surface acres primarily adjacent to Callon's Spur operating area in Ward County.
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SWN | Hot Stocks07:24 EDT Southwestern Energy announces $200M share repurchase program
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AUMN | Hot Stocks07:24 EDT Golden Minerals sells Celaya property for $3M - Golden Minerals announced it has sold, through its wholly owned Mexican subsidiary, its remaining interest in the company's Celaya exploration property to a Mexican subsidiary of the Electrum Group. Golden Minerals will receive a payment of $3M in exchange for selling 100% of its remaining mining concessions and related interests in the Celaya silver and gold project located in Guanajuato, Mexico to Electrum. The funds will be used to further exploration activities at the company's El Quevar silver project in Argentina as well as other exploration projects in Mexico.
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SWN | Hot Stocks07:24 EDT Southwestern Energy to sell Fayetteville Shale E&Pfor $1.87B - Southwestern Energy announced that it has entered into a definitive agreement with Flywheel Energy, LLC, a private company backed by Kayne Private Energy Income Funds, to sell its Fayetteville Shale E&P and related midstream gathering assets for $1.865 billion in cash, subject to adjustments and customary closing conditions. In addition, the buyer will assume approximately $438 million of future contractual liabilities after taking into account certain obligations retained by the company. The transaction, which was unanimously approved by Southwestern Energy's directors, has an effective date of July 1, 2018, and is expected to close in December 2018. Following the closing, the company will have pro-forma debt of approximately $2.3 billion. A portion of proceeds will be used to replace cash flow that would otherwise have been generated by the Fayetteville assets and reinvested into SWN's liquids-rich assets in West Virginia. The resulting increase in activity in West Virginia is expected to accelerate the Company's path to self-funded growth in production and shareholder value. The company targets a long-term sustainable debt/EBITDA ratio of 2x by 2020. The commitments under the company's revolving credit facility are expected to remain at approximately $2.0 billion following the close of the transaction. As a result of the transaction, Southwestern Energy expects additional annualized interest and organizational cost reductions of $60-75 million. This is incremental to the $110 million in annualized interest and G&A savings announced in the second quarter. The company expects to offset federal taxes using existing net operating losses.
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BBU | Hot Stocks07:22 EDT Brookfield Business Partners to acquire 55% interest in Ouro Verde for $170M - Brookfield Business Partners, together with institutional partners, announced an agreement to acquire a 55% controlling interest in Ouro Verde Locacao e Sevicos, a leading Brazilian heavy equipment and light vehicle fleet management company for approximately $170M, or R$660M. Ouro Verde leases more than 25,000 heavy equipment and light vehicles under multi-year contracts and provides related maintenance, operations, and other services to a diversified base of leading Brazilian and global corporate clients.
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REPH | Hot Stocks07:21 EDT Recro Pharma provides update from FDA meeting on IV meloxicam - Recro Pharma provided a regulatory update following receipt of the official meeting minutes from a July Type A meeting with the FDA relating to a path forward for intravenous, or IV meloxicam, the company's lead product candidate for the management of moderate to severe pain. Recro had requested this Type A meeting with the FDA to address a complete response letter, or CRL, it received from the FDA regarding the new drug application, or NDA, for IV meloxicam. During the meeting, Recro discussed data from ad hoc analyses and selective secondary endpoints of Recro's clinical trials which the FDA had highlighted in the CRL, as well as CMC related questions on extractable and leachable data provided in the NDA. Based upon the discussion with the FDA as reflected in the official meeting minutes, Recro anticipates resubmitting the IV meloxicam NDA by the end of September. The NDA resubmission will incorporate revised language relating to the product label and, additional information relating to extractable and leachable items.
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MD | Hot Stocks07:20 EDT Mednax commences $250M accelerated share repurchase program - Mednax announced the commencement of a $250 million accelerated share repurchase, or ASR, program with Bank of America, N.A. Under the terms of the ASR, Mednax will repurchase $250M of its common stock, with an aggregate initial delivery of approximately 4.2 million shares. The final number of shares to be repurchased will be based on the volume-weighted average share price of the company's common stock during the term of the ASR, minus a discount. The final settlement of the transactions under the ASR agreement is expected to occur in up to six months. The company is funding the ASR with borrowings under its credit facility. The ASR program is being executed as part of an authorization by Mednax's board to repurchase up to $500M of the company's common stock, announced on August 2.
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DVAX | Hot Stocks07:19 EDT Dynavax announces FDA grantes priority review for new sBLA for Keytruda - Merck announced that the FDA has accepted and granted priority review for a new supplemental Biologics License Application, or sBLA, seeking accelerated approval for KEYTRUDA, Merck's anti-PD-1 therapy, for the treatment of adult and pediatric patients with recurrent locally advanced or metastatic Merkel cell carcinoma. This sBLA is based on data from the Phase 2 KEYNOTE-017 trial including overall response rate, or ORR, and duration of response, or DOR; these data were presented earlier this year at the 2018 American Society of Clinical Oncology, or ASCO Annual Meeting. In July 2017, KEYTRUDA was granted Breakthrough Therapy Designation by the FDA for this indication.
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ATRO | Hot Stocks07:19 EDT Astronics enters into long-term agreement with HAECO - Astronics announced that its wholly owned subsidiary Astronics Connectivity Systems and Certification has entered into a long-term agreement with Hong Kong Aircraft Engineering , or HAECO Group. Under the agreement, the two companies will establish a service center to provide Astronics and its airline customers with Line Replaceable Unit, or LRU, services in China and Asia Pacific. In accordance with the agreement, HAECO Group subsidiary HAECO Component Overhaul will establish a fulfilment center to provide specialized engineering and component services, including test, maintenance and repair of Astronics CSC's Summit inflight connectivity LRUs. HAECO Component Overhaul offers extensive experience as the authorized repair center for a wide range of component OEMs, with a proven track record of serving component repair needs of airlines in the region.
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TGT | Hot Stocks07:17 EDT Target expands holiday assortment to offer over 2,500 new, exclusive toys - Target Corp. announced Bullseye's Top Toys of 2018. This year's guide to the most-coveted toys includes something for every age and budget - from an even bigger L.O.L. Surprise! and a plush take on the Fingerling craze to the latest tech gear and more. New this year, to make shopping Bullseye's Top Toys even more easy and fun, Target has created an online experience that showcases top toys by key trends of the season. The retailer also will soon unveil a digital spin on its annual kids gifting catalog. Additionally, with services like Order Pickup, Drive Up, same-day delivery shopped by Shipt and free, no-membership-required two-day shipping, Target offers more easy and convenient shopping options than other retailers. Plus, REDcard holders save an extra five percent every day and get free shipping on most items at Target.com.
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DVAX | Hot Stocks07:17 EDT Dynavax announces publication of preclinical study of TLR9 agonist - Dynavax Technologies announced publication of a preclinical study demonstrating that inhalation of a TLR9 agonist can stimulate effective immunity against lung tumors and complement the actions of PD-1 blockade to generate durable, systemic anti-tumor immunity. The paper titled Inhaled TLR9 Agonist Renders Lung Tumors Permissive to PD-1 Blockade by Promoting Optimal CD4+ and CD8+ T cell Interplay, by Dynavax scientists M.Gallotta, H. Assi, E. Degagne, S. Kannan, R.Coffman and C. Guiducci was published in the journal Cancer Research. The study demonstrated that combining an inhaled TLR9 agonist with systemic anti-PD-1 led to long-term survival in two different mouse lung tumor models, mediated by systemic immunity that eradicated tumors both in the lung and in distal organs. The study further delineated the distinctive mechanisms of action of these agents in the lung environment.
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AGLE | Hot Stocks07:16 EDT Aeglea BioTherapeutics announces data from pegzilarginase trial at SSIEM - Aeglea BioTherapeutics announced completion of enrollment and additional clinical data at the 2018 Society for the Study of Inborn Errors of Metabolism, or SSIEM, from its ongoing Phase 1/2 trial of pegzilarginase, its lead investigational therapy, in patients with the rare genetic disease Arginase 1 Deficiency, or ARG1-D. Administration of pegzilarginase resulted in marked reductions in plasma arginine and related guanidino compounds. Clinical improvements in one or more instruments of neuromotor function in all three patients completing eight weeks of repeat dose administration. Pegzilarginase was generally safe and well tolerated; most treatment-related adverse events were mild and all were resolved. No marked or sustained increase in ADA titers in patients exposed to pegzilarginase and initial evidence of rapid tolerization in patients with low titer ADAs. The company plans to present new interim clinical data for the Phase 1/2 trial in October.
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ETP... | Hot Stocks07:16 EDT Energy Transfer, Magellan, MPLX, Delek to jointly construct PGC Pipeline - Energy Transfer Partners (ETP), Magellan Midstream Partners (MMP), MPLX (MPLX) and Delek US Holdings (DK) announced that they have received sufficient commitments to proceed with plans to construct a new 30-inch diameter common carrier pipeline to transport crude oil from the Permian Basin to the Texas Gulf Coast region, with the ability to increase the pipe diameter to expand the capacity based upon additional commitments received during the upcoming open season. An open season for additional shipper volume commitments on the new pipeline system will be launched this week. The 600-mile pipeline system is expected to be operational in mid-2020 with multiple Texas origins, including Wink, Crane and Midland. The pipeline system will have the strategic capability to transport crude oil to both Energy Transfer's Nederland, Texas terminal and Magellan's East Houston, Texas terminal for ultimate delivery through their respective distribution systems. The project is subject to receipt of customary regulatory and Board approvals of the respective entities.
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PEN | Hot Stocks07:15 EDT Penumbra closes on acquisition of interest in MVI Health joint venture - Penumbra announced it has closed on the acquisition of a controlling interest in its joint venture, MVI Health. After closing the transaction, Penumbra increased its ownership to 90% of the equity of MVI Health for $20M in upfront cash consideration. MVI Health, originally formed in May 2017, is a joint venture between Penumbra and Sixense Enterprises, a leader in virtual reality software and tracking solutions for enterprise.
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CTSO | Hot Stocks07:13 EDT CytoSorbents REFRESH 2-AKI protocol amendment approved by FDA - CytoSorbents Corporation announced that the REFRESH 2-AKI trial protocol amendment that was discussed in the August 2, 2018 earnings press release, has now been approved by the U.S. Food and Drug Administration. As previously discussed, based on the recommendations of key clinical advisors, a protocol amendment was submitted to the FDA to improve operational aspects of the patient screening process and expand the inclusion criteria. These changes were back-tested against patient screening logs and were designed to facilitate enrollment and broaden the applicable market for CytoSorb. The approved amendment has now been distributed to 9 active clinical trial sites, 7 additional sites nearing budget and contract finalization, and 9 additional sites completing start-up activities, awaiting individual ethics committee review.
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ECOL | Hot Stocks07:13 EDT US Ecology acquires ES&H Dallas for $22M - US Ecology announced the asset purchase of ES&H of Dallas, L.L.C., which provides emergency and spill response, light industrial services and transportation and logistics for waste disposal and recycling from locations in Dallas and Midland, Texas. The acquisition will provide deeper penetration into the emergency and spill response marketplace and extend the reach of the company's core waste disposal and recycling business in the Gulf region. Total consideration for the business and related property was $22.0 million. The transaction closed on August 31, 2018 and will be reported as part of the company's Field and Industrial Services segment. Its financial contribution is not expected to have a material impact on 2018 earnings guidance, which was reaffirmed on August 2, 2018 in conjunction with the company's second quarter earnings release. The company estimates that the acquisition will contribute approximately $20 million of revenue and $4.0 million of EBITDA in 2019.
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NINE | Hot Stocks07:12 EDT Nine Energy Services appoints Brett Luz as Chief Accounting Officer - Nine Energy Service announced S. Brett Luz, CPA joined the company as Chief Accounting Officer. Luz assumes the role following the retirement of Rich Woolston who has been with Nine since 2011. A certified CPA, Luz brings over 18 years of accounting experience to Nine. In his new role as Chief Accounting Officer, Luz will oversee all financial analysis and reporting and corporate financial accounting efforts. Prior to joining Nine, Luz spent the past seven years with specialty energy infrastructure contractor, Willbros Group, in several accounting roles, culminating in his position as Vice President and Chief Accounting Officer. He also previously executed the financial statements of public and private companies in the oil and gas industry and other sectors with PricewaterhouseCoopers.
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CRON | Hot Stocks07:12 EDT Cronos Group, Ginkgo Bioworks partner to produce cultured cannabinoids - Cronos Group and Ginkgo Bioworks announced a landmark partnership to produce cultured cannabinoids. Using its platform technology for organism design and development, Ginkgo will complement Cronos Group's technologies for producing a full spectrum of cannabinoids. As part of this unprecedented deal, Cronos Group has agreed to issue a specific number of common shares in tranches subject to Ginkgo's achievement of certain production milestones.
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CONN | Hot Stocks07:11 EDT Conn's sees Q3 SSS down 5% to flat
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HSDT | Hot Stocks07:11 EDT Helius Medical submits request for FDA 510 clearance of PoNS device - Helius Medical announced that the company has submitted a request to the FDA for de novo classification and 510 clearance of the Portable Neuromodulation Stimulator, or PoNS device. The company's request for de novo classification and 510 clearance is supported by clinical data from two double-blind, randomized, controlled trials demonstrating the PoNS device's safety and efficacy, with combined enrollment of 163 patients. It is also informed by feedback provided by FDA during pre-submission meetings that focused on the company's trial designs, clinical data and design verification testing.
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CORV UTHR | Hot Stocks07:11 EDT Correvio highlights completion of SteadyMed acquisition by United Therapeutics - Correvio Pharma Corp. (CORV) highlighted that United Therapeutics (UTHR) has completed its acquisition of SteadyMed Ltd., Correvio's partner and the licensor of Trevyent. The completion of this transaction strengthens Correvio's potential commercial effort as United Therapeutics is the recognized global leader in pulmonary arterial hypertension therapies.
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CONN | Hot Stocks07:11 EDT Conn's reports 'positive' SSS in Q2, no percentage provided - "We achieved many operating and financial milestones during the second quarter of fiscal year 2019, highlighted by significant growth in earnings to a second quarter record of $0.53 per diluted share. Second quarter financial results were driven primarily by positive same store sales, the contribution of new store growth, record retail gross margin, and continued improvement in credit segment performance. The initiatives to drive retail growth are starting to take hold and second quarter same store sales increased for the first time since the second quarter of fiscal year 2016, while total retail sales were up 3.5% over the prior year period. The momentum in our business is encouraging and we continue to believe fiscal year 2019 will be a strong year," stated Norm Miller, Conn's Chairman and CEO.
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TA | Hot Stocks07:10 EDT TravelCenters to sell its Minit Mart business to EG Group for $330.8M - TravelCenters of America announced it has entered a definitive agreement for the sale of TA's Minit Mart convenience store business for approximately $330.8M to EG Group, subject to adjustments of final net working capital and certain prorations at closing. The portfolio TA has agreed to sell includes 225 standalone convenience stores and certain other related assets. The sale will enable TA to exit the standalone convenience store business and focus on its core travel center business. TA currently expects to use the net proceeds from the sale to reduce leverage and/or invest in travel center growth initiatives. TA expects the sale to be completed in the Q4. The portfolio TA has agreed to sell generated earnings before interest, taxes, depreciation and amortization, or EBITDA, of approximately $24.5M during the 12 months ended June 30.
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CHEK | Hot Stocks07:09 EDT Check-Cap announces interim results from study of C-Scan system Version 3 - Check-Cap announced the interim results for its post-CE approval study of the C-Scan system Version 3. Data from the multi-center clinical investigation showed promising results for detecting patients with polyps in an un-prepped colon. The objective of the study is to assess safety and clinical performance of the C-Scan system Version 3 in detecting patients with polyps. In a recent multi-center study on 31 evaluable patients, the C-Scan system Version 3, equipped with improved algorithms, demonstrated a sensitivity of 76%, with specificity of 80% for polyp detection, when using the full patient population with a gender-based analysis. Confirmatory colonoscopy and C-Scan system results analysis were performed by independent expert investigators who were blinded to corresponding test's results.Improvements to the C-Scan system version 3 include better scan imaging density, 2D/3D imaging and a new motility analysis algorithm that was recently tested on two years of continued clinical study data.
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KPTI ABEO | Hot Stocks07:09 EDT Karyopharm names Abeona CEO Carsten Thiel to board - Karyopharm Therapeutics (KPTI) announced the appointment of Carsten Thiel, Ph.D., to its Board of Directors. Dr. Thiel is currently CEO of Abeona Therapeutics (ABEO), a clinical-stage biopharmaceutical company focused on developing novel cell and gene therapies.
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USAP | Hot Stocks07:09 EDT Universal Stainless & Alloy reports continuance of CBA with Bridgeville laborers - Universal Stainless & Alloy reported that it has agreed with Local 9531 of the United Steelworkers to a day by day continuance of the collective bargaining agreement, or CBA, subject to a 72-hour termination notice by either party, covering the hourly production and maintenance employees at the company's Bridgeville facility. The continuance provides additional time to negotiate a mutually acceptable labor agreement. During the continuance, the employees will work under the terms and conditions of the prior agreement, which otherwise would have expired at midnight on August 31. The Bridgeville facility, which mainly produces semi-finished specialty steel products, includes the company's melt shop, universal rolling mill, electro slag remelt furnaces and two of the company's eleven vacuum arc remelt furnaces. The company's facilities in New York, Ohio and Pennsylvania are covered by separate collective bargaining agreements and are not affected by the current negotiations.
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BCRX | Hot Stocks07:08 EDT BioCryst: 750mg dose of BCX7353 'superior' to placebo in Zenith-1 trial - BioCryst Pharmaceuticals announced initial results from the ZENITH-1 trial showing that a single 750 mg oral dose of BCX7353 was well tolerated and superior to placebo against the majority of efficacy endpoints evaluated in HAE patients suffering an acute attack. BCX7353 is a novel oral plasma kallikrein inhibitor being developed for both prophylactic and acute treatment of HAE attacks. In the 750 mg dose cohort of the trial, which has completed, 33 patients treated a total of 95 attacks. Patients self-treated their HAE attacks on a blinded basis with oral BCX7353 or oral placebo and recorded their symptoms and attack severity using both a Visual Analog Scale and a standardized questionnaire. Patients also recorded the time they used any standard-of-care acute treatment medicine. BCX7353 was superior to placebo for multiple clinical outcomes. Results from the ongoing evaluation of the 250 mg and 500 mg dose levels of oral BCX7353 in ZENITH-1 are expected in the first quarter of 2019.
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DK... | Hot Stocks07:08 EDT Delek US, Energy Transfer, Magellan and MPLX to proceed with pipeline plans - Energy Transfer Partners (ETP), Magellan Midstream Partners (MMP), MPLX (MPLX) and Delek US Holdings (DK) announced that they have received sufficient commitments to proceed with plans to construct a new 30-inch diameter common carrier pipeline to transport crude oil from the Permian Basin to the Texas Gulf Coast region, with the ability to increase the pipe diameter to expand the capacity based upon additional commitments received during the upcoming open season. An open season for additional shipper volume commitments on the new pipeline system will be launched this week. The 600-mile pipeline system is expected to be operational in mid-2020 with multiple Texas origins, including Wink, Crane and Midland. The pipeline system will have the strategic capability to transport crude oil to both Energy Transfer's Nederland, Texas terminal and Magellan's East Houston, Texas terminal for ultimate delivery through their respective distribution systems. The project is subject to receipt of customary regulatory and Board approvals of the respective entities.
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TTNP | Hot Stocks07:07 EDT Titan Pharmaceuticals, NCBH collaborate to evaluate Probuphine treatment - Titan Pharmaceuticals announced the initiation of a pilot program in collaboration with the Nevada Center for Behavioral Health to evaluate a medication-assisted treatment program utilizing Probuphine implant for Opioid Use Disorder patients within the State of Nevada criminal justice system. The pilot program was initiated with Titan's training and certification of seven Health Care Providers within the Nevada criminal justice system on the Probuphine Risk Evaluation and Mitigation Strategy program. This pilot program is being supported through an Opioid State Targeted Response Integrated Opioid Treatment and Recovery Centers grant awarded to the Center for Behavioral Health in May 2018. Nevada's STR is funded by a federal grant accepted by the State of Nevada as part of the 21st Century Cures Act, which was passed by the U.S. Congress in 2016.
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SYX | Hot Stocks07:05 EDT Systemax closes sale of France operations - Systemax announced it has closed the previously announced sale of its France-based IT business to Bechtle AG. The sale was denominated on a cash-free, debt-free basis and included normalized working capital adjustments. Total cash provided from the sale, before tax and transaction expenses but inclusive of cash on hand in France, was approximately $270M at current exchange rates. With the completion of the sale, Systemax currently operates its Industrial Products Group business in North America, which is focused on industrial supplies and MRO, markets the Company has served since 1949. IPG sells private-label and brand-name industrial equipment and supplies to businesses throughout North America, primarily under the names Global Industrial in the U.S and Global Industrial CA / Avenue in Canada. IPG offers over 1 million products that are primarily sold through its websites and corporate sales force. It is a highly successful and rapidly growing business that generated approximately $800 million in revenue in 2017 and grew its revenue at a CAGR of 13.7% from 2012 through 2017.
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HZNP | Hot Stocks07:05 EDT Horizon Pharma completes enrollment of Phase 3 trial of teprotumumab - Horizon Pharma announced the early completion of enrollment for the confirmatory Phase 3 trial of teprotumumab in patients living with moderate-to-severe active thyroid eye disease, or TED. The study enrolled 83 patients at 13 sites across the U.S., Germany and Italy. Topline results are expected in the Q2 of FY19.
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RDHL | Hot Stocks07:05 EDT RedHill Biopharma reports completion of enrollment for Phase III Talicia study - RedHill Biopharma announced that the last patient was enrolled in the confirmatory Phase III study with TALICIA 1 for H. pylori infection. Top-line results from the study are expected to be announced before year's end.If successful, and subject to additional regulatory feedback, the ERADICATE Hp2 study is expected to complete the package required to file a New Drug Application with the U.S. FDA for TALICIA in early 2019. TALICIA was granted Qualified Infectious Disease Product designation by the FDA, providing Fast-Track Development, six months priority NDA review and eight years of U.S. market exclusivity. TALICIA is intended to be the first product to be indicated for the treatment of H. pylori infection, regardless of ulcer status. The two-arm, randomized, double-blind, active comparator confirmatory Phase III study compares TALICIA against a dual therapy amoxicillin and omeprazole regimen at equivalent doses. The study enrolled 455 non-investigated dyspepsia patients with confirmed H. pylori infection in 55 clinical sites across the U.S. Subjects were randomized in a 1:1 ratio to receive four capsules, three times daily, of either TALICIA or the active comparator, for a period of 14 days. Subjects are being assessed for the study's primary endpoint of eradication of H. pylori infection at 43 through 71 days after initiation of treatment. The first Phase III study with TALICIA successfully met its primary endpoint of superiority over historical standard-of-care eradication rate of 70%, with high statistical significance. The study results demonstrated 89.4% efficacy in eradicating H. pylori infection with TALICIA. Notably, these results were also superior to subsequent open-label treatment with SoC therapies of patients in the placebo arm of the ERADICATE Hp study, which demonstrated 63% eradication rate, further supporting the potential efficacy of TALICIA. Treatment with TALICIA was shown to be safe and well tolerated.
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MDR | Hot Stocks07:04 EDT McDermott completes pipeline installation for Greater Western Flank project - McDermott International announced it has successfully completed the contract for phase two of the Greater Western Flank project. The contract was awarded by Woodside Energy Ltd in January 2016. McDermott deployed two of its specialty vessels to complete the installation phase for the Greater Western Flank project for Woodside Energy Ltd. The DLV 2000 performed the pipelay campaign. McDermott was responsible for the procurement, fabrication, installation and testing of a series of pipeline buckle initiators, pipeline end terminations and foundation mudmats, in-line tee structures and approximately 21 miles of a 16-inch corrosion resistant alloy pipeline extending from the existing Goodwyn A Platform to the Lady Nora and Pemberton field manifold locations.
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LVS... | Hot Stocks07:04 EDT Macau reports August casino revenue up 17.1% to 26.56B patacas - Macau's gaming bureau reported August gross revenue from games of fortune in the region rose 17.1% year-over-year to 26.56B patacas. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Resorts (MLCO).
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CANF | Hot Stocks07:04 EDT Can-Fite BioPharma expects results from Namodenoson trial by end of year - Can-Fite BioPharma provided an update on its Phase II clinical trial of drug candidate Namodenoson, or CF102, for the treatment of advanced hepatocellular carcinoma, or HCC, in patients whose disease has progressed on sorafenib therapy. Top line efficacy results are expected by end of year. The global Phase II study is being conducted in the U.S., Europe and Israel.
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TRNS | Hot Stocks07:02 EDT Transcat acquires assets of Angel's Instrumentation for $4.7M - Transcat announced that it has acquired substantially all of the assets of Angel's Instrumentation, effective August 31. The purchase price was $4.7M and is subject to certain customary holdback provisions. Established in 2000, AI provides in-house and on-site calibrations nationally to the manufacturing and maritime industries from its Chesapeake, Virginia calibration laboratory.
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LYB | Hot Stocks07:02 EDT LyondellBasell, Covestro kick-off Circular Steam Project in Maasvlakte - LyondellBasell and its joint venture partner Covestro kicked-off a large investment project at their site in Maasvlakte-Rotterdam, the Netherlands. The Circular Steam Project incorporates an innovative technology into the existing production plant to convert its water-based waste into energy. The new installation will take the site's existing production process to a higher level of efficiency and sustainability, resulting in an overall annual reduction of ca. 140,000 metric tons CO2 emissions, 0.9 Petajoule of energy and avoiding the release of 11 million kilograms of salt residue into the surface water. The project is an important contribution to the Dutch government's CO2 reduction targets. LyondellBasell and Covestro will build a new bio plant and incinerator on the Maasvlakte site, in which the production's waste will be treated and transformed into steam. The steam will be used as an energy source in the existing on-site production plant, thus making it a circular process. The construction will employ about 71 people full-time; the new facilities will eventually provide permanent positions for 11 full-time employees. The official start of the project was marked by a ceremony in which LyondellBasell and Covestro, together with a large group of stakeholders, revealed the construction plan and its key benefits.
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PWR | Hot Stocks06:59 EDT Quanta Services announces $500M stock repurchase program - Quanta Services announced that its board of directors, in support of management's request, has authorized the company to repurchase, from time to time through August 30, 2021, up to $500M in shares of its outstanding common stock under a new stock repurchase program. The new program is in addition to the remaining $46M available under the previously authorized $300M stock repurchase program, pursuant to which Quanta has repurchased approximately 7.2M shares of its common stock in the open market for a total cost of approximately $254M and which authorizes repurchases through June 2020. The new repurchase program may be implemented through open market repurchases or privately negotiated transactions, at management's discretion, based on market and business conditions, applicable contractual and legal requirements and other factors. The new stock repurchase program does not obligate Quanta to acquire any specific amount of common stock authorized and may be modified or terminated by Quanta's board at any time at its sole discretion and without notice.
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APTS | Hot Stocks06:57 EDT Preferred Apartment closed closed $12.3M loan investment - Preferred Apartment Communities announced that on August 31 it closed on an aggregate loan investment of up to approximately $12.3M. This investment is in connection with Oxford Properties' plans to develop a 240-unit Class A multifamily community located in Fredericksburg, Virginia. The property is part of Southpoint Landing, which is a 63-acre mixed use project with significant visibility from I-95.
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RIG ORIG | Hot Stocks06:56 EDT Transocean drops 1.3% in premarket trading after agreeing to buy Ocean Rig
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RIG ORIG | Hot Stocks06:55 EDT Transocean announces agreement to acquire Ocean Rig for $2.7B including debt - Transocean (RIG) and Ocean Rig UDW Inc. (ORIG) announced that they have entered into a definitive merger agreement under which Transocean will acquire Ocean Rig in a cash and stock transaction valued at approximately $2.7B, inclusive of Ocean Rig's net debt.The transaction consideration is comprised of 1.6128 newly issued shares of Transocean plus $12.75 in cash for each share of Ocean Rig's common stock, for a total implied value of $32.28 per Ocean Rig share, based on the closing price on August 31, 2018. This represents a 20.4% premium to Ocean Rig's ten-day volume weighted average share price. The transaction has been unanimously approved by the board of directors of each company. Transocean intends to fund the cash portion of the transaction consideration through a combination of cash on hand and fully committed financing provided by Citi. The merger is not subject to any financing condition. Upon completion of the merger, Transocean's and Ocean Rig's shareholders will own approximately 79% and approximately 21%, respectively, of the combined company. No changes to Transocean's board of directors, executive management team, or corporate structure are anticipated as a result of the acquisition. The Company will remain headquartered in Steinhausen, Switzerland, with significant operating presence in Houston, Texas, Aberdeen, Scotland and Stavanger, Norway. The transaction, which is expected to be completed during the first quarter of 2019, is subject to the approval of both Transocean and Ocean Rig shareholders and the satisfaction of customary closing conditions, including applicable regulatory approvals. The merger is not subject to any financing condition. Also, consistent with the Company's strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. Luigs and the midwater floater Songa Delta. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. Both floaters are currently stacked. Transocean anticipates re-ranking the combined fleet, which may result in additional rigs being recycled.
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TATT | Hot Stocks06:51 EDT TAT Technologies to discuss approval of 100,000 share purchase by CEO Igal Zamir - TAT Technologies reported that it has revised the annual general meeting of shareholders scheduled for October 4 by removing item 5, regarding the approval of a grant of 100,000 options to purchase ordinary shares of the company to Igal Zamir, the company's CEO, in order to further discuss this matter internally. No change is made to any other item on the agenda for the meeting.
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MNKD UTHR | Hot Stocks06:41 EDT MannKind surges 55% following collaboration with United Therapeutics - Shares of MannKind (MNKD) are surging after the company this morning announced an exclusive licensing and collaboration agreement with United Therapeutics (UTHR). Under the agreement, United Therapeutics will be responsible for global development, regulatory and commercial activities for the development and commercialization of a dry powder formulation of treprostinil, an investigational product currently being evaluated in clinical trials for the treatment of pulmonary arterial hypertension. MannKind will manufacture clinical supplies and initial commercial supplies of the product at its manufacturing facility in Danbury, Connecticut. MannKind will receive an upfront payment of $45M and potential milestone payments of up to $50M, dependent upon the achievement of specific development targets. MannKind will also be entitled to receive low double-digit royalties on net sales of the product. Shares of MannKind in premarket trading are up 55%, or 60c, to $1.70.
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SEII | Hot Stocks06:35 EDT Sharing Economy International amends license agreement with Ecrent Capital - Sharing Economy International announced that its wholly-owned subsidiary, Sharing Economy Investment, has amended the terms of the license agreement, which was originally entered into on May 8 and amended on May 24, with Ecrent Capital, regarding the grant of an exclusive and sublicensable license from Ecrent to SEII to utilize certain software and trademarks in order to develop, launch, operate, commercialize, and maintain an online website platform in Taiwan, Thailand, India, Indonesia, Singapore, Malaysia, Philippines, Vietnam, Cambodia, Japan, and Korea. According to the latest amendment, Ecrent will guarantee that the operation of its related websites, mobile applications and business services will contribute revenue of $13M and gross profit of $2.52M from the closing date of the license agreement through December 31, 2019.
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CNP | Hot Stocks06:33 EDT CenterPoint Energy completes internal spin - CenterPoint Energy reported the completion of an internal spin of its Enable Midstream Partners common units and interests in Enable's general partner, Enable GP from CenterPoint Energy Resources, or CERC, to CenterPoint Energy Midstream, or CNP Midstream. The newly established CNP Midstream now holds all of CenterPoint Energy's interest in Enable and Enable GP except for CenterPoint Energy's investment in $363 million of Enable's 10% perpetual preferred securities. Legacy midstream indebtedness will be reduced at CERC by capital contributions in the near term and is expected to be reduced at the holding company by other sources by year-end. CNP Midstream is not expected to be a separate SEC registrant, nor is it expected to have its own public credit rating.
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WCG | Hot Stocks06:11 EDT WellCare sees Meridian acquisition accretive to FY19 EPS by 40c-50c - WellCare Health Plans announced that, effective September 1, it completed its acquisition of Meridian Health Plan of Michigan, Meridian Health Plan of Illinois, and MeridianRx, a pharmacy benefit manager following the receipt of all required regulatory approvals. With the closing of the acquisition, Meridian is now a wholly-owned subsidiary of WellCare. The transaction is expected to produce 40c-50c of accretion to WellCare's adjusted EPS in 2019, 70c-80c of accretion in 2020, and $1.00+ of accretion in 2021, inclusive of $30M-$40M in synergies that will ramp up over the next few years and exclusive of one-time transaction-related expenses of $75M-$85M and cumulative integration-related expenses of $50M-$60M.
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UTHR MNKD | Hot Stocks06:08 EDT United Therapeutics and MannKind enter into exclusive licensing agreement - United Therapeutics (UTHR) and MannKind (MNKD) announced that they have entered into a worldwide exclusive licensing and collaboration agreement for the development and commercialization of a dry powder formulation of treprostinil, an investigational product currently being evaluated in clinical trials for the treatment of pulmonary arterial hypertension. Under the agreement, United Therapeutics will be responsible for global development, regulatory and commercial activities. MannKind will manufacture clinical supplies and initial commercial supplies of the product at its manufacturing facility in Danbury, Connecticut. Long-term commercial supplies will be manufactured by United Therapeutics. Under the terms of the agreement, MannKind will receive an upfront payment of $45M and potential milestone payments of up to $50M, dependent upon the achievement of specific development targets. MannKind will also be entitled to receive low double-digit royalties on net sales of the product. In addition, MannKind granted United Therapeutics an option to expand the license to include other active ingredients for the treatment of pulmonary hypertension. Each optioned product would be subject to the payment to MannKind of up to $40M in additional option exercise and development milestone payments as well as a low double-digit royalty on net sales of any such product. The parties also entered into a research agreement for the conduct of research by MannKind on behalf of United Therapeutics for products outside the scope of the licensing and collaboration agreement. MannKind will receive an immediate payment of $10M in consideration for its performance under the research agreement.
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CNA | Hot Stocks06:07 EDT CNA Financial appoints Michael Costonis as COO - CNA (CNA) announced the appointment of Michael Costonis as COO, reporting to Dino Robusto, Chairman & CEO, CNA. Costonis will lead all information technology, analytics and operations functions across the organization. Costonis, who joins CNA September 5, succeeds J. Merten, who will retire at year-end after 30 years in the insurance and consulting industries. Costonis joins CNA after a 26-year career at Accenture (ACN), where he was the Global Insurance Industry Practice Leader.
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SNGX | Hot Stocks06:05 EDT Soligenix announces publication of extended stability studies for RiVax - Soligenix announced publication of extended stability studies for RiVax showing up to 100% protection in mice even after 12 months storage at 40 degrees Celsius, as well as the identification of a potential in vitro stability indicating assay, critical to adequately confirming long-term shelf-life of the vaccine. The article, entitled "Thermal Stability and Epitope Integrity of a Lyophilized Ricin Toxin Subunit Vaccine", is published in the journal Vaccine online. RiVax is a ricin toxin vaccine, under development by Soligenix, and originally invented at the University of Texas Southwestern.
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PNTR | Hot Stocks06:02 EDT Pointer Telocation's Cello CANiQ IN device certified in India - Pointer Telocation announced that its Cello CANiQ IN device was officially certified for India's MoRTH's, or Ministry of Road Transport and Highways, AIS 140 standard. MoRTH along with ARAI, or Automotive Research Association of India, in India have framed the AIS 140 standard for Intelligent Transport Systems in India to bring safety and efficiency for all public transportation vehicles such as state transport buses, app based taxis, private passenger carrying buses, and non-app licensed taxis.
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DMPI | Hot Stocks05:34 EDT DelMar Pharmaceuticals appoints Oppenheimer as strategic advisor - DelMar Pharmaceuticals announced the appointment of Oppenheimer & Co. to serve as its strategic advisor. In this capacity, the firm will work on behalf of DelMar to manage the exploration and evaluation of a wide range of strategic opportunities with the goal of facilitating shareholder value generation. While the company is evaluating strategic opportunities, there can be no assurance that this strategic review will result in a transaction.
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VRSK | Hot Stocks05:33 EDT AIR Worldwide enters collaboration with Capsicum Re - Catastrophe modeling firm AIR Worldwide announced that it is collaborating with Capsicum Re as part of a joint effort to enhance the insurance industry's modeling of what many refer to as "silent" cyber incidents. Capsicum Re has also adopted AIR's cyber risk modeling and analytics platform, ARC, which includes a wide range of cyber scenarios and models to help deliver sophisticated insights to its insurance portfolios. AIR Worldwide is a Verisk business. As part of the collaboration, the two firms will identify which non-cyber lines of business and industries are more likely to be exposed to silent cyber-related losses. The result of this collaboration is expected to yield the availability of models that simulate the impact of incidents that could cause silent cyber-related losses. AIR continually collects data on cyber risk to inform its cyber risk models, and the addition of Capsicum Re's expertise is expected to result in models that provide unique insights for identifying and evaluating silent cyber exposures.
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TEAM | Hot Stocks05:31 EDT Atlassian to acquire OpsGenie in deal valued at about $295M - Atlassian announced it has entered into a definitive agreement to acquire OpsGenie, Inc., whose technology enables companies to better plan for and respond to IT service disruptions. The acquisition is valued at approximately $295 million, comprising approximately $259M in cash and the remainder in Atlassian restricted shares, subject to continued vesting provisions. The transaction is expected to close in October, subject to certain closing conditions. For fiscal 2019, the acquisition is expected to add approximately one percentage point of revenue to the target revenue range of approximately $1.146B-$1.154B previously provided on Atlassian's Q4 earnings announcement on July 26. Additionally, for FY19, the acquisition is expected to be dilutive to IFRS operating margin and earnings per share, and neutral to non-IFRS operating margin and earnings per share. These estimates reflect a reduction relating to fair value adjustments to acquired deferred revenue.
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ING | Hot Stocks05:27 EDT ING settles with DPPS, to pay fine of EUR 675M, EUR 100M for disgorgement - ING announced today that it has entered into a settlement agreement with the Dutch Public Prosecution Service, or DPPS, relating to previously disclosed investigations regarding various requirements for client on-boarding and the prevention of money laundering and corrupt practices. Under the terms of the agreement ING has agreed to pay a fine of EUR 675M and EUR 100M for disgorgement. ING has fully cooperated with the DPPS investigation. It has also undertaken an internal investigation, the results of which have been shared with the Dutch Central Bank. The investigations established serious shortcomings in the execution of policies to prevent financial economic crime at ING Netherlands in the period investigated. The identified broader shortcomings include: CDD files missing or being incomplete, assignment of incorrect risk classifications, the failure to have the CDD review process in order, failure to exit business relationships in a timely manner, insufficient functioning of the post-transaction monitoring system, classifying clients in the wrong segments and insufficient availability of qualitative and quantitative human resources. During the period investigated the execution of ING Netherlands' FEC policies resulted in the termination of ING's relationship with thousands of clients. Nevertheless the shortcomings identified resulted in clients having been able to use their bank accounts for, inter alia, money laundering practices for a number of years. ING sincerely regrets that as a result of the above shortcomings ING Netherlands did not adequately fulfil its role as gatekeeper to the financial system, helping fight financial crime. "As a bank we have the obligation to ensure that our operations meet the highest standards, especially where it comes to preventing criminals from misusing the financial system. Not meeting those standards is unacceptable and ING takes full responsibility," said Ralph Hamers, CEO of ING.
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INO | Hot Stocks05:22 EDT Inovio reports first patient dosed in hepatitis C vaccine Phase 1 study - Inovio Pharmaceuticals and GeneOne Life Science announced they have dosed the first patient in a Phase 1 study designed to evaluate a preventive vaccine against hepatitis C infection. Recruitment has already begun in South Korea, where GeneOne is responsible for conducting and funding this Phase 1 trial to assess the ability of Inovio's hepatitis C vaccine to boost immunity in people who have been treated and cleared of the virus. Pending study results, Inovio's vaccine could be employed to prevent infection and re-infection. This jointly developed, open-label, Phase 1 study of GLS-6150 will evaluate a total of 24 persons who have a sustained virologic response following treatment for Hepatitis C and an additional 8 healthy controls to compare immune responses. Subjects will receive one of two doses of vaccine, 1 or 2 mg, administered intra-dermally and followed by electroporation with Cellectra-3P device. Vaccinations will occur as a 3 dose priming series or as a 2 dose priming series and followed by a booster dose at 6 months. Final study visit is 4 weeks following the 6 month booster vaccination.
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TAHO | Hot Stocks05:20 EDT Tahoe Resources Guatemalan subsidiary mining license reinstatement reversed - Tahoe Resources reports that it has learned through a Guatemalan Constitutional Court Press Conference that the Constitutional Court reversed the Supreme Court's decision to reinstate the Escobal mining license of Tahoe's Guatemalan subsidiary, Minera San Rafael, or MSR. We understand that the Constitutional Court's resolution orders that the Escobal mining license will remain suspended until the Ministry of Energy and Mines, or MEM, completes the ILO 169 consultation with the Xinka communities in the region of the Escobal mine. At this time, the Company does not have a timeline for completion of MEM's ILO 169 consultation. However, in the similar case of OXEC, MEM completed the consultation within 6 months. The Constitutional Court is expected to issue a formal resolution in the next several days. Upon review of the written ruling, the Company will provide further updates.
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NCTY | Hot Stocks05:17 EDT The9 announces share purchase plan by CEO Jun Zhu - The9 Limited announced that the Chairman and CEO Jun Zhu has entered into a share purchase plan to purchase The9's American depositary shares from the open market in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. Jun Zhu plans to purchase $3M worth of The9's ADSs in this share purchase plan.
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