Stockwinners Market Radar for November 18, 2019 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
ACY | Hot Stocks20:01 EST AeroCentury sells one Bombardier CRJ900 to Aeronautical Support International - AeroCentury announced that it has sold one Bombardier CRJ900 to Aeronautical Support International LLC through its affiliate, Cloud Investment Partners.
|
MYOV | Hot Stocks19:29 EST Myovant Sciences up over 11% after announcing Phase 3 Study conference call - Shares of Myovant Sciences are up 11.7% or 71c at $6.77 in the afterhours session. After the close, the company announced that it will hold a conference call at 8:30am ET on Tuesday, November 19, 2019, to discuss results from the Phase 3 HERO study of once-daily, oral relugolix in men with advanced prostate cancer.
|
INVH | Hot Stocks18:47 EST Invitation Homes CEO sells 70K shares of common stock - In a regulatory filing, Invitation Homes disclosed that its CEO Dallas Tanner sold 70K shares of common stock on November 15th. The total transaction size was $2.09M.
|
CRMT... | Hot Stocks18:38 EST Fly Intel: After Hours Movers - UP AFTER EARNINGS: America's Car-Mart (CRMT) up 9.5%... 58.com (WUBA) up 3.8%... Bilibili (BILI) up 3.7%. ALSO HIGHER: SAExploration Holdings (SAEX) up 168.4% after getting $130M in new projects... Clovis Oncology (CLVS) up 5.8% after DE Shaw reported passive 5.4% stake... ServiceNow (NOW) Up 3.6% after announced entry into S&P500 index... Okta (OKTA) up 2.2% after being upgraded to Buy at DA Davidson... Splunk (SPLK) up 1.0% after being initiated at Buy at DA Davidson. DOWN AFTER EARNINGS: Woodward (WWD) down 5.4%... Kornit Digital (KRNT) down 4.9%... Ashland Global (ASH) down 3.4%... 21Vianet (VNET) down 2.8%. ALSO LOWER: DHT Holdings (DHT) down 5.6% after equity offering... Karuna Therapeutics (KRTX) down 4.2% after equity offering... 8x8 (EGHT) down 3.9% after convertible debt offering... Intelsat (I) down 3.7% after being downgraded to In Line at Evercore... Performance Food Group (PFGC) down 3.2% after equity offering... Ellington Financial (EFC) down 2.5% after equity offering. Movers as of 18:30ET.
|
LEVI | Hot Stocks18:31 EST Levi Strauss CEO: I believe in the importance of innovation - In an interview on CNBC's Mad Money, Levi Strauss CEO Chip Bergh said: Our innovation center is now close to our headquarters... The innovation team is one of our highest performing segments... Europe has been growing strongly... It's about 50% DTC/50% wholesale... The brand is on fire globally... U.S wholesale is less than 30% of our total global business... We are the opposite of fast fashion.
|
ABBV | Hot Stocks18:09 EST AbbVie treatment of myelofibrosis granted FDA orphan status - AbbVie's navitoclax was granted FDA orphan designation in the treatment of myelofibrosis, according to a post to the agency's website.Reference Link
|
PRQR | Hot Stocks18:06 EST ProQR Therapeutics treatment of retinal dystrophy in P23H granted orphan status - ProQR Therapeutics' treatment of retinal dystrophy in P23H gene mutation was granted FDA orphan designation, according to a post to the agency's website. Reference Link
|
BILI | Hot Stocks18:03 EST Bilibili reports average MAUs reached 127.9M in Q3 - Average monthly active users reached 127.9M, mobile MAUs reached 114.2M, representing increases of 38% and 43% from the same period in 2018, respectively. Average daily active users reached 37.6M, a 40% increase from the same period in 2018. Revenue per MAU was RMB14.5, a 25% increase from the same period in 2018. Non-game revenue per MAU was RMB7.2, a 100% increase from the same period in 2018. Average monthly paying users reached 7.9M, a 124% increase from the same period in 2018. Average monthly paying users for mobile games increased to approximately 1.5M, compared to 0.9M for the same period in 2018.
|
DDOG AMZN | Hot Stocks17:56 EST Datadog announces support for AWS CloudFormation Registry and CLI - Datadog (DDOG) announced support for Amazon (AMZN) Web Services CloudFormation's new capabilities to manage third party resources. Using the new AWS CloudFormation CLI, "Datadog has worked with AWS to enable creation of templates that allow users to create and manage their Datadog configurations as code."
|
GVA | Hot Stocks17:54 EST Granite Construction awarded $14M airfield improvement project in California - Granite announced it was awarded task orders totaling $14M by Naval Facilities Engineering Command, Southwest, San Diego, California under a multiple award construction contract to repair taxiway India at Naval Base Coronado. To replace existing deteriorated concrete with new compliant airfield pavement, Granite's scope of work includes reconstruction of taxiway, demolition, earthwork, and construction of base, pavement, shoulders, striping, associated electrical along with incidental related work, cement stabilization, and replacement of waterline. Work will be performed in San Diego, California, and is expected to be completed by December 2020.
|
VIAV | Hot Stocks17:40 EST Viavi files patent suits against LG Electronics, LG Innotek, Optrontec - Viavi filed a complaint with the U.S. International Trade Commission to initiate an investigation under Section 337 of the Tariff Act of 1930, against LG Electronics, LG Electronics U.S.A., LG Innotek Co., and Optrontec. The complaint asks the ITC to initiate an investigation into whether the Defendants have engaged in unfair trade practices by importing and selling in the United States certain mobile phones and tablet computers, including the LG G8 ThinQ mobile phone, that infringe one or more claims of three VIAVI patents. VIAVI also filed a complaint in the United States District Court for the Northern District of California asserting patent infringement claims against the same Defendants.
|
BAESY | Hot Stocks17:39 EST BAE Systems awarded $104.78M Navy contract for engineering, technical services - BAE Systems was awarded a $104.78M cost-plus-fixed-fee, cost reimbursable, indefinite-delivery/indefinite-quantity contract. This contract will provide engineering and technical services to support production, lifetime support engineering and in-service engineering for the radio communication system/command, control, communications, computers, combat systems, intelligence, surveillance, and reconnaissance systems aboard Navy surface combatants and at associated shore sites. The shipboard efforts are focused primarily on Coast Guard 47 Class and Destroyer, Guided Missile 51 Class AEGIS ships but will be applied to all Navy ships, to include Coast Guard ships, subsurface vessels and non-combatants in support of the Ship and Air Integration Warfare Division, Naval Air Warfare Center Webster Outlying Field. Work is expected to be completed in April 2025. No funds will be obligated at the time of award. Funds will be obligated on individual orders as they are issued. This contract was competitively procured via an electronic request for proposal; one offer was received. The Naval Air Warfare Center is the contracting activity.
|
GLD | Hot Stocks17:34 EST SPDR Gold Shares holdings fall to 891.79MT from 896.77MT - This is the lowest level of holdings since September 19th.
|
QTRH RCI | Hot Stocks17:32 EST Quarterhill'S WI-Lan settles patent litigation with Rogers - Wi-LAN, a Quarterhill (QTRH) company, announced that it has settled its Canadian patent litigation with Rogers (RCI) and Bell. The terms of the settlement, including any consideration agreed upon, are confidential.
|
VER | Hot Stocks17:30 EST Vereit to pay $8M civil penalty to settle pending SEC investigation - Vereit and Vereit Operating Partnership,announced that the company and the staff of the Enforcement Division of the Securities Exchange Commissionhave reached agreement on the material terms of a negotiated resolution relating to the SEC's investigation of the matters disclosed in the Company's October 29, 2014 Form 8-K relating to, among other things, the preliminary results of an investigation conducted by the Company's audit committee regarding certain accounting practices.The agreement with the SEC staff, which is subject to documentation and approval by the SEC's Commissioners, includes payment of $8M as a civil penalty.
|
CPE | Hot Stocks17:27 EST Paulson & Co. lowers stake in Callon Petroleum to 4.5% from 9.5%
|
TMO CELG | Hot Stocks17:18 EST Thermo Fisher to replace Celgene in S&P 100 at open on 11/21
|
NOW... | Hot Stocks17:18 EST ServiceNow to replace Celgene in S&P 500 at open on 11/21 - Bristol-Myers Squibb (BMY) is acquiring Celgene (CELG) in a deal expected to be completed soon pending final conditions
|
KRNT | Hot Stocks17:14 EST Kornit Digital says Q3 was a record quarter for industrial system sales - Says record quarter in North America was driven by new customer additions, expansion in existing accounts and strong volume with global strategic account. Says well positioned to deliver on business goal of $500M in run-rate sales exiting 2023. Comments taken from Q3 earnings conference call.
|
ASH | Hot Stocks17:05 EST Ashland down 6.5% to $73.50 after preliminary Q4 results miss estimates
|
ZTO | Hot Stocks17:03 EST ZTO Express backs FY19 parcel volume growth view of 35%-40% - The company makes no changes to its previously stated annual guidance: parcel volume for 2019 is expected to be in the range of 11.51 billion to 11.93 billion, representing a 35% to 40% increase year over year, and the company's adjusted net income is expected to be in the range of RMB4.8B-RMB5.2B, representing a 14.3% to 23.8% increase from the same period of 2018.
|
CNOB | Hot Stocks17:03 EST ConnectOne Bancorp receives regulatory approvals for Bancorp of NJ deal - ConnectOne Bancorp announced that its wholly-owned bank subsidiary, ConnectOne Bank, has received regulatory approvals to proceed with its previously announced acquisition of Bank of New Jersey, a New Jersey state-chartered bank and wholly-owned bank subsidiary of Bancorp of New Jersey, Inc. Approval was granted by both the New Jersey Department of Banking and Insurance and the Federal Deposit Insurance Corporation. Additionally, the company announced that it has previously obtained from the Board of Governors of the Federal Reserve System a waiver from the application requirements of Section 3 of the Bank Holding Company Act of 1956, as amended, with respect to the merger of Bancorp of New Jersey, Inc. with and into the company. The proposed transaction, which is expected to close early in the first quarter of 2020, remains subject to the approval of the company's and Bancorp of New Jersey, Inc.'s shareholders and other customary closing conditions. ConnectOne and Bancorp of New Jersey, Inc. will hold their respective shareholder meetings on December 9, 2019 to vote on the proposed acquisition.
|
ZTO | Hot Stocks17:02 EST ZTO Express reports parcel volume growth of 45.9% - The company beat market expectations by generating parcel volume growth of 45.9%, or 18.4 percentage points faster than the industry average. Market share by parcel volume expanded to 18.9% during the third quarter.
|
CVEO | Hot Stocks17:01 EST Civeo names Carolyn Stone as new CFO - Civeo announced that Carolyn Stone, currently the company's Chief Accounting Officer, has been appointed to the position of CFO and Treasurer of Civeo, effective immediately. Frank C. Steininger will remain with Civeo until his retirement in March 2020 and will focus on the company's strategic initiatives, as well as facilitating Ms. Stone's transition into her new role.
|
FFG | Hot Stocks16:59 EST FBL Financial names Daniel Pitcher as CEO, succeeding Jim Brannen - The Board of Directors of FBL Financial Group announced the appointment of Daniel Pitcher as CEO and Class A director, effective January 1, 2020. He will succeed current CEO Jim Brannen, who previously announced plans to retire in early 2020. Pitcher currently serves as FBL Financial Group's COO - Property Casualty Companies. Prior to his current position, he held various property casualty operations and information system roles since joining FBL Financial Group in 1998.
|
GCP | Hot Stocks16:48 EST GCP Applied Technologies files patent infringement suit against AVM Industries - GCP Applied Technologies announced that it has filed a patent infringement lawsuit against AVM Industries in the United States District Court for the Central District of California. In the complaint, GCP alleges that AVM's unauthorized use and sale of waterproofing membranes such as Aussie Skin 550 and Aussie Skin 560, which are imported from China, has infringed and continues to infringe GCP's U.S. Patent No. 8,713,879, entitled "Waterproofing Membrane." The lawsuit seeks injunctive relief against further infringement, as well as damages and attorney's fees in amounts to be determined at trial. GCP has marketed and sold PREPRUFE pre-applied waterproofing membranes for years and has constantly evolved and improved its waterproofing membrane technology through continuing investments in research and development, innovation and intellectual property, which it intends to protect vigorously. The technology described in the aforementioned patent is based on and employs PREPRUFE technology, which enhances the bonding of concrete to the adhesive and minimizes waste paper at the jobsite. GCP owns an array of patents domestically and internationally covering its various waterproofing membrane technologies.
|
FBHS | Hot Stocks16:43 EST Fortune Brands CEO sells 97.4K shares of common stock - In a regulatory filing, Fortune Brands disclosed that its CEO Christopher Klein sold 97.4K shares of common stock on November 15th. The total transaction size was $6.15M.
|
CAAP | Hot Stocks16:41 EST Corporacion America Airport reports October passenger traffic flat y/y - Corporacion America Airport reported preliminary unchanged year-over-year passenger traffic in October 2019. Total passenger traffic in October 2019 remained flat YoY, with traffic unchanged in Argentina, increases of 12.6% in Armenia and 1.8% in Italy, partially offset by declines in Brazil, Ecuador and Uruguay. Cargo volume declined 6.0% YoY in October 2019, mainly as a result of declines of 11.5% in Argentina and 25.3% in Ecuador, partially offset by an increase of 17.8% in Brazil. Aircraft movements declined 5.1% YoY in October 2019, mainly as a result of declines of 7.6% in Argentina, 8.7% in Brazil and 19.5% in Uruguay, partially offset by increases of 22.8% in Armenia and 6.0% in Ecuador.
|
DG | Hot Stocks16:39 EST Dollar General to pay $6M to settle discrimination lawsuit brought by EEOC - Major retail chain Dollar General will pay $6M and furnish other relief to settle a class race discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission,EEOC, the federal agency announced. According to the EEOC's lawsuit, Dollar General, the largest small-box discount retailer in the United States, violated federal law by denying employment to African Americans at a significantly higher rate than white applicants for failing the company's broad criminal background check. Employment screens that have a disparate impact on the basis of race violate Title VII of the Civil Rights Act of 1964, unless an employer can show the screen is job-related and is a business necessity. The EEOC filed suit in U.S. District Court for the Northern District of Illinois in Chicago , after first attempting to reach a voluntary settlement through its conciliation process. The three-year consent decree settling the suit, signed by U.S. District Court Judge Andrea Wood, requires that Dollar General pay $6 million into a settlement fund which will be distributed through a claims process at the direction of the EEOC to African Americans who lost their chance at employment at the company between 2004 and 2019. If Dollar General chooses to use a criminal background check during the term of the decree, the retailer must hire a criminology consultant to develop a new criminal background check based on several factors including the time since conviction, the number of offenses, the nature and gravity of the offense(s), and the risk of recidivism. Once the consultant provides a recommendation, the decree enjoins Dollar General from using any other criminal background check for its hiring process. Reference Link
|
GPC HDS | Hot Stocks16:38 EST Genuine Parts elects William Stengel chief transformation officer - Genuine Parts (GPC) announced that its board has elected William Stengel to the position of executive VP and chief transformation officer. In this leadership role, Stengel has responsibility for the effective management of GPC's short- and long-term transformation including strategic growth, operating efficiency and cost saving initiatives across the organization. Stengel joins Genuine Parts after spending more than a decade serving in various leadership roles at HD Supply (HDS). Most recently, Stengel served as president and CEO of HD Supply Facilities Maintenance.
|
ASH | Hot Stocks16:36 EST Ashland CEO says 'faced more challenging external conditions than anticipated' - Bill Wulfsohn, Ashland's chairman and CEO said, "During the quarter and fiscal year, we faced more challenging external conditions than anticipated. Despite these challenges, during fiscal year 2019 we took action to grow adjusted earnings per share by 14 percent, improve adjusted EBITDA margins by 140 basis points and increase adjusted EBITDA by 3 percent. These gains were primarily driven by the impact of Ashland's $120 million cost-reduction program." He continued, "In addition, during the quarter we also completed the sale of the Composites business and Marl BDO facility while reducing debt by $940 million. The sale completes the company's decade-long journey to become a pure-play specialty ingredients company." Regarding the recently announced leadership transition, Wulfsohn added, "I thank the Ashland team for their support and hard work which was essential to all we have accomplished over the past five years. Together we have created a premier specialty ingredients company. Now is the right time for a leadership change and I am confident that Guillermo Novo is the right chairman and CEO to lead the Ashland team on its journey to realize the company's full potential."
|
SAEX GEOS | Hot Stocks16:33 EST Geospace receives $12.5M order from SAExploration - Geospace Technologies (GEOS) announced the receipt of an order for its GCL wireless recording system from SAExploration, a wholly-owned subsidiary of SAExploration Holdings,(SAEX). The order is for 30,000 single-channel recording stations and related equipment. Revenue on the order will be approximately $12.5 million and the company expects delivery of the system to occur in its second quarter ending March 31, 2020. Walter Wheeler, President and CEO of Geospace Technologies, said, "Our GCL represents the most advanced technology available in cable-free seismic recording systems, and we are very appreciative of the conscious choice made by SAExploration to incorporate this unique technology in their operations."
|
C ADS | Hot Stocks16:31 EST Alliance Data names Ralph Andretta president and CEO - Alliance Data Systems (ADS) announced that Ralph Andretta has been named president and chief executive officer of the company, effective February 3, 2020. Andretta joins Alliance Data from Citigroup (C), where he most recently served as managing director and head of its U.S. cards business. He succeeds Melisa Miller, who served in the role following the June 2019 retirement of long-time president and CEO Ed Heffernan. Andretta will also join the Alliance Data board of directors at the time he assumes the CEO role. Charles Horn, vice chairman of Alliance Data, will serve as acting CEO pending the effective date of Andretta's appointment.
|
AGO | Hot Stocks16:28 EST Assured Guaranty CIO acquires roughly 25,000 common shares - In a regulatory filing, Assured Guaranty chief investment officer Andrew T. Feldstein disclosed the acquisition of 25,22 common shares of the company in two transactions of 12,611 shares each. The first transaction was bought at $48.34 per share on November 14 while the second transaction was bought at $48.40 per share on November 15.
|
MDU | Hot Stocks16:28 EST MDU Resources announces five-year capital investment plan totaling $2.9B - MDU Resources announced its capital investment plan for 2020-2024. For the five-year period, the company expects to make capital investments totaling $2.9B. "MDU Resources is experiencing significant growth, and we have identified a number of key projects that will continue to carry us forward," said David L. Goodin, president and CEO of MDU Resources. "This five-year plan includes line-of-sight opportunities at all of our businesses, including activities at our regulated operations and our construction businesses."Acquisitions would be incremental to the company's 2020-24 capital investment plan. MDU Resources will provide updates as it identifies opportunities outside the capital investment plan. The company anticipates its electric and natural gas utility will grow its rate base by approximately 5% annually over the next five years on a compound basis. These utility operations have customers in eight states and expect customer growth to continue at a rate of 1-2% annually. The anticipated investment reflects opportunities to improve the safety and reliability of the company's systems, including system expansions, upgrades and replacements. Also included in the utility's five-year capital investment program is the construction of an 88-megawatt simple-cycle, natural gas-fired combustion turbine near Mandan, North Dakota. The company filed a request in August for advance determination of prudence for this project with the North Dakota Public Service Commission. The capital investment plan at the pipeline and midstream business reflects a focus on organic growth. This includes the Demicks Lake Expansion project under construction in McKenzie County, North Dakota, which is expected to be in service in the first quarter of 2020 and as designed will increase capacity by 175M cubic feet per day. The North Bakken Expansion project is also included in the capital forecast. As designed, this project in the heart of the Bakken will increase capacity by an estimated 350M cubic feet per day and is expected to be in service in late 2021. This business is exploring additional organic growth projects that, if executed, would be incremental to the capital investment plan. Natural gas production continues at record levels in the Bakken, driving the need for additional infrastructure. At the company's construction materials and services businesses, the capital expenditures forecast is focused primarily on organic expansion opportunities, normal equipment and plant replacements and upgrades. Included in the outlined forecast is the development of Knife River's Honey Creek Quarry in Burnet County, Texas, which includes the construction of a rock-crushing plant and the purchase of aggregate railcars. The company expects public sector workload growth as new state and local infrastructure spending initiatives are introduced. In addition to organic growth, the construction businesses continue to focus on acquisition activity, as shown throughout 2019, which would be incremental to the five-year forecast.
|
ESE SON | Hot Stocks16:23 EST Esco Technologies divests technical packaging business segment to Sonoco - Esco Technologies (ESE) announced it has entered into a definitive agreement regarding the sale of its technical packaging business segment, consisting of Thermoform Engineered Quality, Plastique and Plastique sp. z o.o. to Sonoco Plastics and Sonoco (SON). The company expects to finalize the transaction upon receipt of certain customary regulatory approvals with expected gross cash proceeds of $187M subject to typical post-closing adjustments. The divestiture is part of the company's strategy to focus on the business units which are core to its long-term growth, and represents an important step in advancing this growth strategy by monetizing the technical packaging segment at an opportunistic valuation.
|
KFRC | Hot Stocks16:20 EST Kforce director sells 23K shares of common stock - In a regulatory filing, Kforce disclosed that its director Mark Furlong sold 23K shares of common stock on November 14th-15th. The total transaction size was $920K.
|
SAEX | Hot Stocks16:19 EST SAExploration announces $130M in new projects in Alaska, Canada and Middle East - SAExploration Holdings announced a combined $130M of new projects in Alaska, Canada and the Middle East. The largest contract is valued at approximately $112Mn for onshore data acquisition services to be performed on the North Slope of Alaska. The data acquisition services will be conducted over the next three winter seasons, beginning in Q1 2020. In association with this multi-year project award, SAE has entered into a separate agreement with Geospace Technologies Corporation to purchase 30,000 new state-of-the-art GCL recording channels. The new Geospace channels will primarily be utilized during the aforementioned multi-year contract in Alaska, but are also intended to be utilized in other regions, when available, during the off season. The balance of the new project awards consists of various contracts in Canada, slated to be performed primarily during the upcoming Q1 2020 winter season, and a new research and development pilot contract in the Middle East with two major integrated oil companies, where thousands of next-generation wireless sensors, dropped by a smart, automated fleet of drones, will take high-density, 3D images of the subsurface. Michael Faust, Chairman and CEO of SAE, commented "We are very pleased to announce these new projects and are grateful that our customers have displayed such confidence in our ability to continue to deliver high quality products and services safely and efficiently. Our backlog for the remainder of 2019 is approximately $67 million and our contracted backlog for 2020 is already at approximately $96 million. SAE is committed to deploying cutting edge technology to further minimize our footprint and reduce environmental exposure everywhere we operate. The purchase of 30,000 small light-weight GCL recording channels, and the automated drone deployment pilots, are strong examples of that commitment to continuously raising the bar on health, safety and environmental protection."
|
LCII | Hot Stocks16:17 EST LCI Industries subsidiary buys PWR-ARM Automatic Bimini assets of Schwintek - LCI Industries announced that its subsidiary, Lippert Components Manufacturing, Inc., has acquired the PWR-ARM brand and electric powered Bimini business assets of Schwintek, Inc, effective November 18, 2019. Schwintek's "patent-protected PWR-ARM automatic Bimini has revolutionized marine sunshade solutions for over 13 years." Terms of the deal were not disclosed.
|
Z ZG | Hot Stocks16:17 EST Zillow president of media and marketplaces, Greg Schwartz, steps down - Zillow announced that Greg Schwartz, president of media and marketplaces, is stepping down to take a professional break. The businesses that currently report to Schwartz in the Mortgages and Internet, Media and Technology segments are being transitioned to other senior executives to further align key company operations to deliver a seamless, Zillow-branded, real estate transaction experience.
|
SNE T | Hot Stocks16:16 EST Sony Pictures acquires AT&T's stake in Game Show Network - Sony Pictures Entertainment (SNE) and AT&T (T) announced that SPE has acquired AT&T's minority stake in Game Show Network, LLC. SPE now owns 100% of the multimedia entertainment company offering original and classic game programming to millions of subscribers through the U.S.-based cable network. It also offers online and mobile games to millions of users through GSN Games. Following the transaction, the Game Show Network channel will continue to be carried on DIRECTV. Prior to the transaction, SPE owned a 58% stake in Game Show Network, and AT&T owned the remaining 42%. In connection with the transaction, AT&T received approximately $500M, including proceeds for its equity stake valued at $380M and dividends of approximately $130 million. Game Show Network will continue to be managed by Sony Pictures Television with Mark Feldman continuing as President and CEO of the multimedia outlet.
|
SON ESE | Hot Stocks16:16 EST Sonoco to acquire TEQ from Esco Technologies for $187M, sees deal as accretive - Sonoco (SON) announced it has signed a definitive agreement to acquire Thermoform Engineered Quality, and Plastique Holdings, together TEQ, "a global manufacturer of thermoformed packaging serving healthcare, medical device and consumer markets, from ESCO Technologies (ESE) for approximately $187M in cash. TEQ, headquartered in Huntley, Ill., produced sales of $88 million in the fiscal year ended September 30, 2018, and operates three thermoforming and extrusion facilities in the United States along with a thermoforming operation in the United Kingdom, and thermoforming and molded-fiber manufacturing in Poland. Each facility has state-of-the-art cleanroom capabilities, enabling the production of sterile, barrier packaging systems for pharmaceuticals and medical devices. In addition, TEQ produces recyclable, molded-pulp-fiber packaging and thermoformed plastic packaging for multiple consumer products primarily in Europe. The company has approximately 500 associates. "Recent studies value the global healthcare packaging market at approximately $33 billion, with healthy growth expected for the future," said Rob Tiede, Sonoco President and CEO. "Increased life expectancy, the steady introduction of new products from medical device manufacturers and pharmaceutical companies, combined with requirements for improved safety and compliance, are driving market growth." The transaction is expected to be accretive to Sonoco's 2020 earnings, and TEQ's financial results will be reported within Sonoco's Consumer Packaging segment.
|
OVID NVS | Hot Stocks16:16 EST Ovid Therapeutics appoints Jason Tardio as CCO - Ovid Therapeutics (OVID) announced the appointment of Jason Tardio as chief commercial officer, or CCO. Tardio brings to Ovid broad global commercial leadership experience within the pharmaceutical and biotechnology industries, having most recently served as VP and head of the Multiple Sclerosis franchise at Novartis (NVS). There, he was responsible for developing and managing all aspects of the U.S. commercial plan, brand P&L, strategy development, go-to-market modeling and day-to-day execution for Gileny and Mayzent.
|
ESEA | Hot Stocks16:13 EST Euroseas to acquire four containerships from Synergy Holdings for $40M - Euroseas announced that it has entered into agreements to acquire four 4,253 teu containerships built in South Korea, three in 2009 and one in 2008. The vessels are being acquired from companies controlled by Synergy Holdings for a total consideration of approximately $40M. The acquisition will be financed by bank debt, existing funds of the company and $6M raised in private placements. The company will also assume the charters the vessels are currently under. As part of the transaction, the company has agreed to acquire certain management services of Synergy Marine for the next three years. Andreas Papathomas, chairman of Synergy Holdings, has joined the board of the company. The company has also agreed to issue an additional $0.5M in shares of its common stock to Synergy Holdings if certain conditions are fulfilled in one year. One of the vessels was delivered to the company today while the remaining three are expected to be delivered within a week subject to certain closing conditions being met. The private placements of $6M of common stock are subscribed equally by Synergy Holdings and Eurobulk Marine. As the result of the private placements, the company will have issued approximately 8.45M new common shares at a price of 71c per share representing about 19% of the company's ownership after the acquisition. Euroseas believes that the addition of the four vessels will add in excess of $5M to the company's EBITDA over the next twelve months and reduce the average age of its fleet by approximately two years. After the acquisitions, the fleet of the company will reach 19 units which are all, except one, feeder and intermediate containerships, further highlighting the positioning of the company as the only publicly listed company focusing on the feeder and intermediate containership sector. In parallel with the vessel acquisition, the company announced that its vessel M/V Akinada Bridge, which has been drydocked in connection with its special survey, faced delays in completing the needed work resulting in the loss of the previously secured charter. The company has replaced the charter with another charter of similar rate and duration of three to five months which is expected to commence in early December when the remaining work on the vessel is expected to be completed.
|
ANAB | Hot Stocks16:12 EST EcoR1 Capital reports 6.3% stake in AnaptysBio - EcoR1 Capital disclosed a 6.3% stake in AnaptysBio, which represents over 1.72M shares. The filing with the SEC does not allow for activism.
|
AHCO | Hot Stocks16:11 EST BlueMountain reports 7.0% activist stake in AdaptHealth - BlueMountain Capital Management disclosed a 7.0% stake in AdaptHealth, which represents over 3.6M shares. The filing with the SEC allows for activism. BlueMountain said it may have discussions with AdaptHealth, other stockholders and third parties relating to the strategic alternatives that may be available to the company.
|
INTC | Hot Stocks16:10 EST Intel board member Goetz buys $5.01M worth of stock - Intel board member James Goetz purchased 86,220 shares of Intel stock at an average price per share of $58.13 on November 15, according to a regulatory filing. The transaction has a value of $5,012,357.
|
AIRG | Hot Stocks16:06 EST Airgain chosen as exclusive partner for Getac Video Solutions - Airgain announced that it has been chosen as the exclusive antenna provider for in-car video systems developed by Getac Video Solutions, which are used by police departments and public-safety agencies across the U.S. Airgain commenced production volume shipments to Getac in Q3 2019 with volume shipments expected to ramp through 2020.
|
SDT | Hot Stocks16:05 EST Sandridge Mississippian Trust trading halted, news pending
|
SAFE | Hot Stocks16:05 EST Safehold signs pact to originate new $180M ground lease in NYC - Safehold Inc. announced it has entered into a definitive agreement with an institutional investment manager to create a new $180M Safehold ground lease under the office property at 685 Third Avenue in New York City. The transaction is expected to close in 2019, and is subject to customary closing conditions.
|
T | Hot Stocks16:05 EST AT&T supports C-band approach outlined by FCC Chairman Pai - Joan Marsh, AT&T Executive Vice President of Regulatory & State External Affairs, stated on an AT&T corporate blog: "The C-Band represents an important 5G opportunity for the U.S., but to unlock its potential a series of objectives must be met. As we have previously said, any path forward must chart a course toward a fair, open and transparent auction; compensation to C-Band licensees for relinquishing rights and relocating services; proceeds for the U.S. Treasury; and a clear and reasonable transition plan that ensures broadcasters, programmers and earth station operators that their services will not be interrupted and that their relocation costs will be reimbursed. We support the approach outlined by Chairman Pai today and we look forward to working with the Commission to help unleash this important spectrum for 5G." Reference Link
|
FEIM | Hot Stocks16:03 EST Frequency Electronics announces $3M contract award - Frequency Electronic announces the award of an approximately $3M contract for advanced technology oscillators for a US Government system. Under this contract, FEI will design and manufacture high performance oscillators and conduct associated qualification testing.Commenting on the award, FEI CEO, Stanton Sloane said, "We are pleased to have been selected for this program and that our advanced technology is being used to support critical US military systems."
|
EOLS | Hot Stocks16:03 EST Tang Capital takes 5.8% passive stake in Evolus - Tang Capital disclosed a 5.8% stake in Evolus, which represents over 1.92M shares. The filing does not allow for activism.
|
GPL | Hot Stocks15:51 EST Great Panther Silver reports fatality at Coricancha Mine Complex in Peru - Great Panther announces with great sadness that an employee lost his life in an accident that occurred during the late evening of November 17 at the processing plant of the company's Coricancha Mine Complex in Peru. The operation was undertaking further processing of stockpiles and limited mining, following the Bulk Sample Program completed earlier this year. There were no other injuries related to the accident. Great Panther's personnel immediately initiated protocols to close the plant area, and inform the employee's family and appropriate government and local authorities. The area of the accident has been barricaded and closed off while an investigation, which is underway, into the accident has been completed. "We are extremely saddened by this tragic accident and extend our deepest condolences to the family, friends and colleagues of our co-worker, an experienced plant operator who worked at the Coricancha Mine Complex for almost seven years", stated Jeffrey Mason, Interim President and CEO. "Safety is a core value at Great Panther and we will continue to strive to prevent such accidents from occurring. This includes completing an investigation of this accident and taking remedial action. Great Panther is continuing an in-depth review of its comprehensive safety policies, programs, and training across all operations."
|
AMZN SPOT | Hot Stocks14:59 EST Amazon Music to offer free ad-supported option - Amazon (AMZN) said in a blog post that, beginning today, Amazon Music customers who do not yet have a Prime membership, or a subscription to Amazon Music Unlimited, can now listen to an ad-supported selection of top playlists and thousands of stations for free on their favorite devices. Previously only available to customers on Echo devices, today's news expands access to customers using the Amazon Music app on iOS, Android, and FireTV. Customers can also listen to this music on the web. Now, customers in the U.S., UK, and Germany will be able to enjoy more music with no subscription or credit card required. Music fans will be able to play thousands of stations based on any song, artist, era, and genre; hear top global playlists; and the best in Holiday tunes. Spotify (SPOT) shares are nearly 5% lower following the news. Reference Link
|
LCNB | Hot Stocks14:59 EST LCNB Corp. raises dividend 5.88% to 18c per share - LCNB Corp. declared a fourth quarter dividend of 18c per share on the company's common stock. The dividend, which represents a 5.88% increase over the third quarter dividend, will be paid on December 16 to all outstanding shareholders of record December 2.
|
SPOT | Hot Stocks14:50 EST Spotify debuts 'Soundtrack your Ride' feature to make playlists for road trips - Over this past weekend, Music streaming services Spotify introduced Soundtrack your Ride, a new feature that helps users build playlists for their road trips based on travel time and responses to a quiz. Spotify said in a blog posting: "Select the length-Use the Google Maps tool or time selector to set the length of your trip;Take our quick quiz to personalize your playlist;Take your playlist & go ! We will use your listening habits and quiz choices to enjoy the best Soundtrack for your ride." Reference Link
|
GSB | Hot Stocks14:50 EST Globalscape trading resumes
|
BAP | Hot Stocks14:45 EST Credicorp reports testimony of chairman in Peruvian government investigation - Credicorp announces that its Chairman, Dionisio Romero Paoletti, testified today as one of the witnesses in the Peruvian government's investigation into campaign donations made to Keiko Fujimori's 2011 presidential campaign. Romero informed prosecutors that in 2010 and 2011, Credicorp made donations totaling $3.65M to the Fujimori 2011 campaign. These contributions were made in coordination with members of the senior management team and do not pose any legal liability to the company, Credicorp said. Romero said: "During those years Hugo Chavez was investing millions to extend his power throughout Latin America. Peru became a crucial target, and Ollanta Humala, Fujimori's opposing candidate, supported Chavez's pernicious ideology. As I testified to prosecutors, we believed it was Credicorp's responsibility, as a leading Peruvian business, to oppose Humala's campaign and help combat the threat to our country posed by the Chavez regime."
|
GSB | Hot Stocks14:41 EST GlobalSCAPE announces $3.35 per share special cash dividend, $5M buyback program - GlobalSCAPE announced it has entered into a five-year, $55M senior secured credit facility with a syndicate of banks led by J.P. Morgan. The new credit facility provides for a term loan facility in the principal amount of $50M and revolving commitments in an aggregate principal amount of $5M. The company also announced that its board of directors has authorized and declared a special cash dividend of $3.35 on each outstanding share of common stock. The record date for the special dividend is November 29, 2019, and the payment date for the dividend is December 5, 2019. Robert Alpert, Chairman of the Company's Board of Directors and Interim CEO, said, "I believe the new credit facility is a reflection of the Company's strong operating model and ability to generate significant free cash flow. Consistent with our goal of appropriately managing our capital structure, the Board of Directors authorized a special cash dividend of $3.35 per share of common stock as well as the repurchase of up to $5M of the company's outstanding shares. We will continue to consider other actions designed to enhance shareholder value."
|
FB | Hot Stocks14:30 EST Facebook's Oculus Link launches beta to play PC Rift games wired to Quest - Oculus said in-part in an earlier blog post: "At OC6, we introduced Oculus Link-a new way to access Rift games and experiences from a gaming PC on Oculus Quest. Today, we're excited to share that Oculus Link software is rolling out in beta, so you can now enjoy AAA PC VR games like Asgard's Wrath and Stormland on Quest. Oculus Link lets you explore the richness of the Rift content library when connected to a PC, while keeping the untethered portability of Quest on the go-the choice is yours...Oculus Link software will work with most high-quality USB 3 cables. To use Oculus Link starting today, Quest owners who own a compatible gaming PC can simply plug their headset into a USB 3 port, then use the Oculus desktop app to browse and purchase Rift apps and games to play on Quest-plus access Rift's Oculus Home and Dash. Click here to learn more about the cable and PC specs you'll need for best results during the beta period...We'll start rolling out our cable with limited quantities in select regions this year, and continue to expand availability in 2020. We're also releasing the Oculus Link cable specs today to help our community make informed buying decisions and let other companies evaluate whether to make comparable cables in the future." Reference Link
|
GSB | Hot Stocks14:26 EST Globalscape trading halted, news pending
|
MOR | Hot Stocks14:14 EST MorphoSys says tafasitamab B-MIND study successfully passed futility analysis - Earlier, MorphoSys announced that the ongoing tafasitamab phase 3 B-MIND study has successfully passed the pre-planned, event-driven interim analysis for futility. An independent data monitoring committee reviewed the data and recommended to increase the number of patients from currently 330 to 450. B-MIND compares the efficacy of the CD19 antibody tafasitamab plus bendamustine with rituximab plus bendamustine in patients with relapsed or refractory diffuse large B cell lymphoma, or r/r DLBCL. "Within the interim analysis for futility, data were assessed by the IDMC for the probability of a positive study at primary completion. The IDMC assessed efficacy data in both the overall patient population as well as in the biomarker-positive subpopulation. The biomarker, described as patients with a low natural killer cell count at baseline, was implemented as a co-primary endpoint in an amendment of B-MIND in the first quarter 2019. The recommendation to enroll more patients aims to increase statistical power of the study in the biomarker-described patient subpopulation as well as the overall patient population. Data of the analysis were not shared with MorphoSys. As a continuation of the B-MIND study protocol, enrollment will proceed according to the original inclusion and exclusion criteria to allow for ongoing comparison of the efficacy in the overall and biomarker positive patient population. Top line results are expected to be available in Q1 2022," the company stated.
|
DISCA | Hot Stocks14:03 EST Discovery rises after Malone buys $75M worth of stock - In a regulatory filing earlier with the SEC, it was disclosed that Discovery director John Malone purchased 2,670,000 shares of the company's Series C common stock on November 14 in a transaction with a value of $74,840,100. In afternoon trading following the disclosure of the stock purchase from the cable mogul, Discovery shares are up 85c, or 2.9%, to $30.57.
|
ABMD | Hot Stocks13:54 EST Abiomed falls after studies question Impella heart device at AHA 2019 meeting - In a story out over the weekend written by Caitlin Cox for TCTMD, two large observational studies are questioning the effectiveness of newer forms of mechanical circulatory support or MCS, "in real-world practice in the United States." The studies presented at the American Heart Association 2019 Scientific Sessions, suggest more adverse events "including in-hospital death and major bleeding-as well as higher costs with Abiomed's Impella percutaneous left ventricular assist device versus an intra-aortic balloon pump, IABP. Shares of Abiomed are down 15% or $34 per share to $189.77 per share in afternoon trading on Monday. Reference Link
|
MNI | Hot Stocks13:53 EST Bluestone Financial raises stake in McClatchy to 11.85% - Bluestone Financial holds an 11.85% stake in McClatchy as of November 18 after purchasing shares of common stock based on the belief "that The McClatchy Company shares represent an attractive investment opportunity," it was disclosed in a regulatory filing.
|
I | Hot Stocks13:29 EST CBA responds to announcement by FCC Chair regarding C-band spectrum proceeding - The C-Band Alliance, or "CBA," comprised of global satellite operators Intelsat (I), SES , and Telesat, responded to an announcement by the Chairman of the Federal Communications Commission that he intends to pursue a public auction to clear the satellite spectrum currently licensed to the members of the C-Band Alliance. In a statement, the CBA said, "The FCC Chairman's indication that he intends to pursue a public auction of C-band spectrum is a significant departure from the CBA's market-based proposal. The announcement does not address the critical involvement of the incumbent satellite operators in executing the complex task of reconfiguring and transitioning their networks. Nor does the announcement address the fundamental modification of the rights afforded by the existing FCC licenses held by the CBA members which would be required under a public auction approach. To ensure U.S. national security interests, U.S. leadership in 5G innovation and the expected accompanying GDP and job growth, the full cooperation of the satellite operators will be required to ensure the successful clearing of the C-band while protecting the incumbent broadcast services enjoyed by millions of U.S. households. We will continue to work cooperatively with the FCC to develop an effective alternative plan and achieve the best outcome for the American public while protecting the interests of our users and the rights of our companies."
|
CMCSK CMCSA | Hot Stocks13:25 EST Altitude Sports files antitrust suit against Comcast - Altitude Sports & Entertainment, the official television network of the Denver Nuggets and Colorado Avalanche, filed a complaint in the U.S. District Court for the District of Colorado against Comcast Corporation and Comcast Cable Communications, LLC alleging that Comcast is illegally using its monopoly power in the Denver region to drive Altitude out of business, take over its license to air Nuggets and Avalanche games, and overcharge customers. The Denver region includes Colorado, Nebraska, Wyoming, and seven other states. Comcast, which reaches more than 50 percent of the television-watching homes in the Denver region, carried the Altitude network until August 31, 2019, when Comcast blacked out the network after Altitude refused to concede to predatory demands. Despite blocking their customers from watching Nuggets and Avalanche games, Comcast has continued to charge Denver-region families significant "Regional Sports" fees to provide them that coverage. Colorado Attorney General Phil Weiser recently announced that he is investigating Comcast's practice of charging its customers to watch games that Comcast is not actually showing. Based in Denver, Altitude and its parent, Kroenke Sports & Entertainment, employ a few thousand people across the Denver region. Altitude's complaint explains that Comcast has insisted on paying unjustifiably below-market fees to Altitude while unfairly charging Denver-region families to watch Altitude. Comcast has even demanded price increases to customers who want to watch Altitude, requiring Denver-region families to buy special premium packages that would mean many Denver-region families could not afford to watch their teams.
|
ZEN | Hot Stocks13:22 EST Helpshift announces integration with Amazon Connect - Helpshift announced its integration with Amazon Connect, stating that "Helpshift + Amazon Connect brings together the traditionally siloed channels of phone support and digital self-service with messaging, AI and bots to provide a frictionless, cross-channel experience to customers." Amazon Connect is a cloud-based contact center solution and the Amazon Connect for Zendesk app provides direct access to the Amazon Connect platform, according to a page on Zendesk's corporate website. According to Zendesk's site, the Amazon Connect for Zendesk app is available only to agents with "Talk - Partner Edition" seats. Reference Link
|
MO | Hot Stocks13:19 EST California sues Juul for lack of oversight on sales to minors - California Attorney General Xavier Becerra held a press conference to announce a lawsuit against Juul Labs. The state claims Juul failed to provide proper oversight when selling its electronic cigarettes to minors. California is asking for payment to address the costs of underage addiction, among other costs. "Juul adopted the tobacco industry's infamous playbook, employing advertisements that had no regard for public health and searching out vulnerable targets," Becerra said in a statement. "Today we take legal action against the deceptive practices that Juul and the e-cigarette industry employ to lure our kids into their vaping web." Altria Group (MO) owns a 35% stake in Juul.
|
I | Hot Stocks13:16 EST Eutelsat says 'looks forward to engaging' with FCC on C-band spectrum plans - Eutelsat Communications said it "welcomes the decision of the FCC laying out a framework for the public auction of a portion of C-band spectrum between 3.7-4.2 GHz, which it regards as an important first step in expediting rapidly and equitably the clearance of C band frequencies for mobile 5G services." The company added: "Eutelsat looks forward to engaging with the FCC in a fruitful and positive dialogue aimed at shaping an equitable and efficient process to facilitate the expedition of the auction and subsequent clearing of the frequencies, so that 5G can be rolled out in a timely manner throughout the CONUS." The Fly notes that shares of Intelsat surged on November 15 after the C-Band Alliance, of which the company is a member, filed its U.S. Treasury contribution proposal stating that the CBA commits to pay a portion of net proceeds of a CBA-led auction to the U.S. Treasury using a progressive formula which ranges from 30% to 75% of proceeds depending on the outcome of the auction. The C-Band Alliance, comprised of satellite operators Intelsat (I), SES and Telesat.
|
MO | Hot Stocks13:11 EST California announces lawsuit against Juul for marketing to teens - Altria (MO) owns a 35% stake in Juul Labs
|
MO | Hot Stocks13:09 EST Calirfonia announces lawsuit against Juul for marketing to teens - Altria (MO) owns a 35% stake in Juul Labs.
|
WHR | Hot Stocks13:05 EST Whirlpool down 1% in afternoon trading - Contacts tell The Fly that data is being reported today from the Association of Home Appliance Manufacturers, or AHAM, which has the potential to move shares of the appliance maker.
|
CSVI | Hot Stocks13:03 EST Computer Services names Brian K. Brown as interim CFO - Computer Services announced that Brian K. Brown has been appointed the company's Interim CFO. Brown previously served as Senior Vice President of Finance at CSI. He replaces Andras Q. Bende who announced plans to pursue other career opportunities.
|
FTNT | Hot Stocks12:48 EST Fortinet up 2% to $103.85 after issuing guidance at analyst day
|
FTNT | Hot Stocks12:43 EST Fortinet boosts share repurchase program by $1B - Fortinet announced at its analyst day that its board on November 11 approved a $1.0B increase in its share repurchase program to $2.5B, which expires in February 2021. Currently, $1.6B remains available for future repurchase, the company added.
|
FTNT | Hot Stocks12:39 EST Fortinet sees 'four key growth engines' growing to $60B market by 2023 - Fortinet, in analyst day presentation slides, said its "four key growth engines," or Secure Infrastructure, Cloud Security, Endpoint, IOT and OT Security, and Network Security, have a total addressable market of $45B in 2019. The company sees this growing 7% annually to $60B by 2023.
|
AMRN | Hot Stocks12:15 EST Amarin slides after EVAPORATE study misses primary endpoint - An investigator-sponsored study of Amarin's Vascepa, called "EVAPORATE," did not hit the primary endpoint for statistical significance on low attenuated plaque, it was reported over the weekend at the American Heart Association's Scientific Sessions 2019 held in Philadelphia, Pennsylvania. The study, which evaluated 80 statin-treated patients via CTCA imaging of plaque at 9 months, did not hit the primary endpoint for statistical significance on low attenuated plaque, although there was a 21% slowing of progression for drug vs. placebo, according to Jefferies analyst Michael Yee. The investigators noted that there were observed differences in plaque parameters at baseline, although low statistical power, no difference in prespecified primary endpoint of change in low attenuated plaque volume, statistically significant differences for four other plaque parameters, beneficial effects on secondary endpoints, and no adverse effect with mineral oil placebo when compared with historical controls, Yee stated in a note to investors regarding the presentation at the AHA meeting. In early afternoon trading, Amarin shares are down $1.63, or 6.8%, to $22.39.
|
CBS... | Hot Stocks12:04 EST Viacom and CBS announce ViacomCBS corporate leadership - CBS (CBS) and Viacom (VIAB, VIA) announced additional senior appointments for ViacomCBS' corporate leadership. These appointments, which will be effective upon closing, "will align key functions and operations to support ViacomCBS' divisions and lines of business," the companies stated. Alex Berkett, Senior Vice President, Corporate Development & Strategy, Viacom, will become Executive Vice President, Corporate Development and Strategy; Nancy Phillips will serve as Executive Vice President, Chief People Officer; Marva Smalls, Executive Vice President, Global Head of Inclusion Strategy, Viacom, will serve as Executive Vice President, Global Head of Inclusion of ViacomCBS; Jose Tolosa, Chief Transformation Officer of Viacom, will expand his responsibilities as Executive Vice President, Chief Transformation Officer. These corporate leadership announcements follow the previously announced appointments of Christa D'Alimonte as Executive Vice President, General Counsel and Secretary; Anthony DiClemente as Executive Vice President, Investor Relations; DeDe Lea as Executive Vice President, Global Public Policy and Government Relations; Julia Phelps as Executive Vice President, Chief Communications and Corporate Marketing Officer, and Christina Spade as Executive Vice President, Chief Financial Officer. The merger of Viacom and CBS remains subject to customary closing conditions and is expected to close by early December.
|
RRC | Hot Stocks12:00 EST Range Resources falls -10.0% - Range Resources is down -10.0%, or -42c to $3.81.
|
CANG | Hot Stocks12:00 EST Cango falls -10.6% - Cango is down -10.6%, or -72c to $6.10.
|
QD | Hot Stocks12:00 EST Qudian falls -17.1% - Qudian is down -17.1%, or -$1.28 to $6.22.
|
MED | Hot Stocks12:00 EST Medifast rises 8.7% - Medifast is up 8.7%, or $6.74 to $83.99.
|
GSX | Hot Stocks12:00 EST GSX Techedu rises 9.1% - GSX Techedu is up 9.1%, or $1.35 to $16.26.
|
CTK | Hot Stocks12:00 EST CooTek rises 10.1% - CooTek is up 10.1%, or 57c to $6.23.
|
PTON | Hot Stocks11:55 EST Peloton rises above $29 IPO price for first time - Earlier, Peloton briefly rose above $29 per share for the first time since the stock opened at $27 on September 26 after pricing its initial public offering at $29 per share. At time of writing, Peloton shares are up $1.72, or 6.3%, to $28.94.
|
NURO | Hot Stocks11:52 EST NeuroMetrix announces one-for-ten reverse split of common stock - NeuroMetrix announced the effectiveness of a one-for-ten reverse split of its common stock. The shares underlying the Company's outstanding options and warrants will also be adjusted accordingly. The reverse stock split is intended to increase the per share trading price of the Company's common stock to satisfy the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market. As a result of the reverse stock split, every ten shares of the Company's common stock issued and outstanding at 5:00 pm on November 18, 2019 will be consolidated into one issued and outstanding share, with no change in the nominal par value per share of $0.0001. No fractional shares will be issued as a result of the reverse stock split. Shareholders who otherwise would be entitled to receive a fractional share in connection with the reverse stock split will receive a cash payment in lieu thereof. Trading of the Company's common stock on the Nasdaq Capital Market will continue, on a split-adjusted basis, with the opening of the markets on Tuesday, November 19, 2019, under new CUSIP number 641255807. Trading of the Company's listed warrants to purchase common stock on the Nasdaq Capital Market will also continue, on a split-adjusted basis, with the opening of the markets on Tuesday, November 19, 2019 under new CUSIP number 641255211. Shares of the Company's common stock and the Company's listed warrants to purchase common stock will continue to trade under the symbols "NURO" and "NUROW". Immediately subsequent to the reverse stock split, there will be approximately 978,175 shares of the Company's common shares issued and outstanding.
|
I | Hot Stocks11:50 EST Intelsat plunges after FCC's Pai calls for public auction of C-band spectrum - Shares of Intelsat are down $2.34, or 17.5%, $11.07 following a series of tweets from Ajit Pai, Chairman of the FCC, regarding a public auction of 280 megahertz of the C-band spectrum.
|
I | Hot Stocks11:48 EST FCC Chair calls for public auction of 280 megahertz of C-band - FCC Chair Ajit Pai tweeted: "After much deliberation and a thorough review of the extensive record, I've concluded that the best way to advance these principles is through a public auction of 280 megahertz of the C-band conducted by the @FCC's excellent staff." The Fly notes that shares of Intelsat surged on November 15 after the C-Band Alliance, of which the company is a member, filed its U.S. Treasury contribution proposal stating that the CBA commits to pay a portion of net proceeds of a CBA-led auction to the U.S. Treasury using a progressive formula which ranges from 30% to 75% of proceeds depending on the outcome of the auction.
|
BA | Hot Stocks11:03 EST Boeing 'strongly disagrees' with OIG report conclusions about CST-100 Starliner - In response to the Nov. 14 Office of the Inspector General report titled "NASA's Management of Crew Transportation to the International Space Station," Boeing issued the following statement: "We strongly disagree with the report's conclusions about CST-100 Starliner pricing and readiness, and we owe it to the space community and the American public to share the facts the Inspector General missed," said Jim Chilton, vice president and general manager of Boeing Space and Launch. "Each member of the Boeing team has a personal stake in the safety, quality and integrity of what we offer our customers, and since Day One, the Starliner team has approached this program with a commitment to design, develop and launch a vehicle that we and NASA can be proud of." Reference Link
|
SNAP | Hot Stocks10:30 EST Snap up 4% to $14.47 after CEO ends interview on CNBC
|
SNAP | Hot Stocks10:30 EST Snap CEO says spectacles unlikely to replace phones - Evan Spiegel is speaking on CNBC.
|
SNAP | Hot Stocks10:29 EST Snap CEO says likely 10 years before spectacles are made for all day wear - Evan Spiegel is speaking on CNBC.
|
SNAP | Hot Stocks10:28 EST Snap CEO says spectacles will take time to get to ubiquity - Evan Spiegel is speaking on CNBC.
|
SNAP | Hot Stocks10:27 EST Snap CEO says maps will be more personal in the future - Evan Spiegel is speaking on CNBC.
|
SNAP | Hot Stocks10:26 EST Snap CEO sees 'huge opportunity' around maps - Evan Spiegel is speaking on CNBC.
|
SNAP | Hot Stocks10:26 EST Snap CEO says company will 'really invest' in augmented reality - Evan Spiegel is speaking on CNBC.
|
SNAP | Hot Stocks10:25 EST Snap CEO says Tik Tok a partner, not competition - Evan Spiegel is speaking on CNBC.
|
LYFT | Hot Stocks10:25 EST Gett announces closure of Juno, strategic partnership with Lyft - Gett announced the closure of its New York rideshare business, Juno, effective today, citing both Gett's increased focus on the corporate transportation sector and the enactment of misguided regulations in New York City earlier this year. Gett also announced a strategic partnership with Lyft to enable Gett's corporate clients to access rides in the United States beginning next year. Through the Lyft partnership, Gett's corporate customers traveling in the United States will be able to request rides through the Gett app and be matched with a driver on the Lyft network. Dave Waiser, Gett CEO, said, "Gett has a differentiated business model. With this announcement, we reinforce our position as the leading corporate transportation service. Instead of competing with consumer ridesharing companies, we are partnering with them. Our strategic partnership with Lyft is a win-win: Gett is expanding its reach across North America at the same time as we continue to see strong momentum in Europe, while Lyft benefits from the large number of Gett enterprise clients traveling to the U.S. Uniquely, Gett's SaaS solution aggregates a complete range of ground travel providers in-country and across geographies, on one single booking platform. Whether for ridesharing, chauffeur, limousine or taxi services, we provide enterprise clients with a best-in-class app and advanced back-end technology that consolidates all options across 100 countries, saving costs for clients globally. Gett's anticipated profitability is driven by our corporate SaaS solution, and we expect to be operationally profitable at a Group level in December of this year."
|
SNAP | Hot Stocks10:24 EST Snap CEO says internal team fact checks all political ads - Evan Spiegel is speaking on CNBC.
|
SNAP | Hot Stocks10:24 EST Snap CEO says all ads, including political, subject to review - Evan Spiegel is speaking on CNBC.
|
SNAP | Hot Stocks10:22 EST Snap CEO says privacy regulation like Europe's GDPR 'makes sense' - Evan Spiegel is speaking on CNBC.
|
SNAP | Hot Stocks10:20 EST Snap CEO says 'I don't know' when asked if Facebook should be broken up - Evan Spiegel is speaking on CNBC.
|
SNAP | Hot Stocks10:19 EST Snap CEO unsure if company has shared anti-competitive practices with regulators - Evan Spiegel is speaking on CNBC.
|
SNAP FB | Hot Stocks10:18 EST Snap CEO says some of Facebook's actions could be viewed as anti-competitive - Evan Spiegel is speaking on CNBC.
|
SNAP | Hot Stocks10:15 EST Snap CEO expects parents using product will happen organically - Evan Spiegel is speaking on CNBC.
|
SNAP | Hot Stocks10:13 EST Snap CEO says 'excited' about progress in growing communities - Evan Spiegel is speaking on CNBC.
|
UGAZ | Hot Stocks10:00 EST VelocityShares 3x Long Natural Gas ETN falls -9.3% - VelocityShares 3x Long Natural Gas ETN is down -9.3%, or -$1.48 to $14.36.
|
CANG | Hot Stocks10:00 EST Cango falls -11.9% - Cango is down -11.9%, or -81c to $6.01.
|
QD | Hot Stocks10:00 EST Qudian falls -12.0% - Qudian is down -12.0%, or -90c to $6.60.
|
MED | Hot Stocks10:00 EST Medifast rises 7.3% - Medifast is up 7.3%, or $5.63 to $82.88.
|
ITCB | Hot Stocks10:00 EST Itau Corpbanca rises 7.5% - Itau Corpbanca is up 7.5%, or 62c to $9.00.
|
DGAZ | Hot Stocks10:00 EST VelocityShares 3x Inv Natural Gas ETN rises 8.9% - VelocityShares 3x Inv Natural Gas ETN is up 8.9%, or $9.75 to $118.90.
|
FDX | Hot Stocks09:58 EST FedEx CEO calls NYT story on taxes 'distorted and factually incorrect' - FedEx CEO Frederick Smith said in a statement, "The New York Times published a distorted and factually incorrect story on the front page of the Sunday, November 17 edition concerning FedEx and our billions of dollars of tax payments and billions of dollars of investments in the U.S. economy. Pertinent to this outrageous distortion of the truth is the fact that unlike FedEx, the New York Times paid zero federal income tax in 2017 on earnings of $111 million, and only $30 million in 2018 - 18% of their pretax book income. Also in 2018 the New York Times cut their capital investments nearly in half to $57 million, which equates to a rounding error when compared to the $6 billion of capital that FedEx invested in the U.S. economy during that same year. I hereby challenge A.G. Sulzberger, publisher of the New York Times and the business section editor to a public debate in Washington, DC with me and the FedEx corporate vice president of tax. The focus of the debate should be federal tax policy and the relative societal benefits of business investments and the enormous intended benefits to the United States economy, especially lower and middle class wage earners. I look forward to promptly hearing from Mr. Sulzberger and scheduling this open event to bring further public awareness of the facts related to these important issues."
|
RUBI | Hot Stocks09:47 EST Rubicon Project falls -4.6% - Rubicon Project is down -4.6%, or -37c to $7.72.
|
UGAZ | Hot Stocks09:47 EST VelocityShares 3x Long Natural Gas ETN falls -8.5% - VelocityShares 3x Long Natural Gas ETN is down -8.5%, or -$1.34 to $14.50.
|
QD | Hot Stocks09:47 EST Qudian falls -10.8% - Qudian is down -10.8%, or -81c to $6.69.
|
BE | Hot Stocks09:47 EST Bloom Energy rises 6.8% - Bloom Energy is up 6.8%, or 45c to $6.98.
|
DGAZ | Hot Stocks09:47 EST VelocityShares 3x Inv Natural Gas ETN rises 8.5% - VelocityShares 3x Inv Natural Gas ETN is up 8.5%, or $9.27 to $118.42.
|
VNTR | Hot Stocks09:47 EST Venator Materials rises 9.1% - Venator Materials is up 9.1%, or 36c to $4.30.
|
TMUS | Hot Stocks09:38 EST T-Mobile CEO Legere reiterates 'board appointment extends beyond transition' - T-Mobile CEO Legere said, "I own no other color of clothing" and "I may just end up being a brand fanatic that owns 5% of the stock."
|
LOV CRTO | Hot Stocks09:37 EST Spark Networks appoints Eric Eichmann as CEO - Spark Networks SE (LOV) announced the appointment of Eric Eichmann as CEO. Eric will replace Jeronimo Folgueira who is stepping down from the role as CEO. To ensure a smooth transition, Jeronimo will remain with Spark Networks through the end of 2019 and will continue to serve on Spark's board of directors. Previously, Eric was CEO at Criteo (CRTO).
|
TMUS... | Hot Stocks09:35 EST T-Mobile CEO says 'only restrictions on him are working for companies I hate' - After being asked if there are any restrictions on his exit, T-Mobile (TMUS) CEO John Legere joked that he can't "work for companies he hates," like Verizon (VZ) and AT&T (T).
|
ARWR | Hot Stocks09:33 EST Arrowhead presents new clinical data on candidates ARO-APOC3 and ARO-ANG3 - Arrowhead Pharmaceuticals announced that it presented updated Phase 1 clinical data on its two RNAi-based cardiometabolic candidates, ARO-APOC3 targeting apolipoprotein C-III being developed as a potential treatment for patients with severe hypertriglyceridemia and familial chylomicronemia syndrome, and ARO-ANG3 targeting angiopoietin like protein 3 being developed for the treatment of dyslipidemias, such as homozygous familial hypercholesterolemia, and metabolic diseases. The data were presented in two late-breaking oral presentations at the American Heart Association Scientific Sessions 2019. Bruce Given, chief operating officer and head of R&D at Arrowhead, said: "The data presented at AHA on cardiometabolic candidates ARO-APOC3 and ARO-ANG3 are further validation of the TRiM platform and Arrowhead's ability to consistently develop RNAi therapeutics that achieve deep and durable levels of gene knockdown across a broad range of targets. In particular, the knockdown in APOC3 and ANGPTL3 proteins and the resulting reductions in triglycerides and various lipid parameters strongly support our plan to initiate Phase 3 studies in 2020."
|
TMUS | Hot Stocks09:32 EST T-Mobile CEO Legere says 'plenty of qualified candidates for CFO' - T-Mobile CEO John Legere said CFO Braxton Carter has continued to extend his contract multiple times through Legere's tenure and has extended through the CEO transition. Legere added that the company has plenty of qualified internal candidates and a few external ones that are being considered to "fill the rather large, pink cowboy hat."
|
TMUS WE | Hot Stocks09:29 EST T-Mobile CEO Legere says 'never was in discussions with We Work' - T-Mobile (TMUS) CEO John Legere said he was never in any discussions with We Work (WE) but he couldn't say anything because "this announcement was already scheduled" and he didn't want to jump ahead. "It made things a little awkward," Legere added. "I'm not retiring," Legere noted and reiterated he is remaining on the board.
|
ACTG | Hot Stocks09:29 EST Acacia Research to receive up to $400M in new capital from Starboard partnership - Acacia Research announced a strategic partnership with Starboard, a New York-based investment adviser. This financing will provide Acacia with access to up to $400M of new capital for strategic investments and acquisitions, and Starboard will work directly with Acacia to identify and execute on these opportunities. Starboard has made a $35M investment in Acacia, acquiring 350,000 shares of Series A convertible preferred stock convertible at $3.65 per share, a 38% premium to Acacia's 30-day trailing volume-weighted average price, or VWAP, and warrants to purchase five million shares of common stock with an exercise price of $3.65 per share. Acacia may issue up to $365M in senior secured notes due 2027 with a cash interest rate of 6% to Starboard, the proceeds of which may be used to fund investment opportunities and strategic acquisitions approved from time to time by the company and Starboard. Promptly upon the receipt of Acacia stockholder approval, Starboard will purchase warrants to purchase up to 100M shares of the company's common stock at a cash exercise price of $5.25 per share or by the cancellation of notes, to the extent the notes have been issued, at an exercise price of $3.65 per share. Acacia has reserved the right to offer existing Acacia common stockholders the opportunity to purchase up to $100M in notes and 27M warrants on substantially the same terms of the Notes and Series B Warrants. Jonathan Sagal, managing director of Starboard, has joined Acacia's baord and Starboard Value has certain other board appointment rights. Under the terms of the transaction agreements, Starboard has purchased 350,000 preferred shares, with a liquidation preference of $100 per share and an initial cash dividend rate of 3%, and Series A warrants to purchase up to five million shares of common stock, resulting in proceeds to Acacia of $35M. The conversion price of the preferred shares and the exercise price of the Series A warrants is $3.65. These proceeds will be held in escrow until used for an approved investment. Following the use of the proceeds to fund a strategic investment or acquisition, the dividend rate on the Preferred Shares will increase to 8%. The transaction also establishes a structure by which the company and Starboard may agree on approved investments from time to time to be financed by notes in an aggregate principal amount up to $365M with a 6% annual interest rate. Acacia will seek stockholder approval for the company's issuance of the securities described in the transaction agreements without giving effect to any limitations under the rules of Nasdaq and an amendment to its certificate of incorporation to increase the number of authorized shares of common stock to 300,000,000 shares. After the receipt of stockholder approval, Starboard will also purchase Series B Warrants to purchase up to 100 million shares of common stock at a cash exercise price of $5.25 until 30 months after their issuance date. The Series B warrants may also be exercised by the cancellation of outstanding notes at an exercise price of $3.65 per share at any time after the notes have been issued until the maturity date of the notes. The preferred shares, notes and warrants all contain limitations on conversion or exercise, such that Starboard may not convert or exercise its securities into greater than 4.89% of Acacia's outstanding common stock. The preferred shares contain and the notes, if and when issued, will contain, affirmative and negative covenants customary for transactions of this type, including but not limited to, limitations on the company's ability to incur debt, grant liens on its assets, make certain distributions in respect of its equity and make certain investments. Acacia's board intends to offer $100M of notes and warrants to purchase up to 27M shares of common stock, with substantially identical terms as the notes and Series B warrants held by Starboard, to Acacia's common stockholders. The company, subject to the board's discretion, intends to effect this through one or more rights offerings to stockholders of record on each date that an approved investment to be funded by the sale of notes to Starboard is announced. The company has entered into a governance agreement with Starboard whereby Jonathan Sagal of Starboard has joined the board and has the right to appoint two additional directors to the board.
|
SFM FIVE | Hot Stocks09:27 EST Sprouts Farmers Market appoints Five Below CEO Joel Anderson to board - Sprouts Farmers Market (SFM) announced the addition of Joel Anderson to its board of directors. Anderson currently serves as president, CEO and a director of Five Below, Inc. (FIVE). In addition, Sprouts announced that Steve Townsend has stepped down from the board.
|
CLRO | Hot Stocks09:25 EST ClearOne begins shipping of CONVERGENCE AV Network Manager - ClearOne announced it has begun the worldwide shipping of its new CONVERGENCE AV Network Manager; a unified AV network management platform to monitor, control, and audit ClearOne Pro Audio and Video products and services - beta now available for download. The cross-platform server runs on Windows and Linux OS for seamless IT integration and remote real-time system access provides at-a-glance and all-inclusive dashboard views.
|
DZSI | Hot Stocks09:24 EST Dasan Zhone announces resignation of Michael Connors from board - DASAN Zhone Solutions announces that Dr. Michael Connors has resigned from the Company's Board of Directors for personal reasons, effective November 15, 2019.
|
TRNO | Hot Stocks09:23 EST Terreno Realty acquires property in Seattle, WA for $2.9M - Terreno Realty acquired an industrial property in Seattle, Washington on November 15 for a purchase price of approximately $2.9M. The 0.9-acre improved land parcel at 5200 East Marginal Way South is immediately adjacent to Terreno Realty Corporation's property at 53 South Dawson and is adjacent to Seattle's Port and SoDo District. The property is vacant and the estimated stabilized cap rate is 5.6%. Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy divided by total acquisition cost. Total acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer's due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization.
|
FTNT SIEGY | Hot Stocks09:23 EST Fortinet, Siemens announce technology alliance partnership - Fortinet (FTNT) announced a technology alliance partnership with Siemens (SIEGY). Also announced is the companies' first integrated solution combining best-in-class technology and a worldwide resell agreement to address the unique security and connectivity requirements of operational technology networks.
|
FTNT SFTBY | Hot Stocks09:21 EST SoftBank chooses Fortinet Secure SD-WAN to accelerate managed SD-WAN services - Fortinet (FTNT) announced that SoftBank Corp. (SFTBY) has chosen Fortinet Secure SD-WAN to accelerate and expand its portfolio of managed SD-WAN services to help enterprise customers keep up with the pace of digital innovation. The addition of Fortinet's carrier-grade secure SD-WAN solution allows SoftBank to increase the security posture of enterprise customers by minimizing the attack surface, provide greater business agility with faster on-boarding, and simplify operations.
|
FTNT | Hot Stocks09:20 EST Orange Business Services chooses Fortinet Secure SD-WAN to expand portfolio - Orange Business Services and Fortinet announced that Orange Business Services has chosen Fortinet Secure SD-WAN to enrich its flagship Flexible SD-WAN offering. This global SD-WAN solution, which provides businesses with an agile, multicloud-ready connectivity solution to ensure superior end-user experience, will integrate Fortinet's Secure SD-WAN solution as a new technology option. The new option gives businesses an additional choice for agile SD-WAN solutions with end-to-end top-level performance, resiliency and next-generation firewall security. Building on an already-established partnership between Orange Business Services and Fortinet around managed security services, the Fortinet FortiGate Next-Generation Firewall is also already present in the NextGenHubs deployed by Orange Business Services.
|
PRVL | Hot Stocks09:18 EST Prevail Therapeutics appoints Morgan Sheng to board of directors - Prevail Therapeutics announced the appointment of Morgan Sheng, Ph.D., to its Board of Directors. Sheng is a Core Institute Member and Co-Director of the Stanley Center for Psychiatric Research at the Broad Institute of MIT and Harvard. He is also a Professor in the Department of Brain and Cognitive Science at MIT.
|
TMUS | Hot Stocks09:18 EST T-Mobile COO Mike Sievert says 'big things coming' in broadband, video - T-Mobile CEO John Legere says Un-carrier 1 well received by first responders, state Attorneys General. Legere added that the company is still in talks with state Attorneys General.
|
LOGM | Hot Stocks09:17 EST LogMeln, Bitdefender partner for antivirus feature - LogMeIn announced it is joining forces with Bitdefender to power LogMeIn Antivirus, a recently released feature available to LogMeIn Central customers. Through the partnership with Bitdefender, LogMeIn AV delivers a robust and reliable antimalware solution designed to protect against viruses, malware and sophisticated online threats. Fully integrated into Central Premier and the Central Security module at no additional cost, customers can configure and deploy the antimalware feature while also benefiting from the consolidation of their antimalware into Central.
|
ADMP | Hot Stocks09:16 EST Adamis announces publication of comparative pharmacokinetics for naloxone - Adamis Pharmaceuticals Corporation announced that an article entitled "Comparative Pharmacokinetic Analysis of Community Use Naloxone Formulations for Acute Treatment of Opioid Overdose" was accepted for publication in the peer reviewed Journal of Addiction Research and Adolescent Behavior. The article compares the pharmacokinetics of two community naloxone formulations to Adamis' investigational drug ZIMHI in healthy subjects. Overall, the systemic levels of naloxone associated with the 2mg IM and 4mg IN were similar. By comparison, the naloxone levels associated with ZIMHI are higher with more rapid absorption. The authors concluded that "These results support the notion that higher doses of naloxone result in greater bioavailability, which may be required for reversal due to the more potent synthetic opioids such as fentanyl." Naloxone is an opioid antagonist used to treat narcotic overdoses. Naloxone works by reversing the detrimental effects of the opioid, including slowed breathing, brain dysfunction, loss of consciousness and death. Common opioids include morphine, heroin, tramadol, oxycodone, hydrocodone and fentanyl.
|
MDCO | Hot Stocks09:16 EST The Medicines Co. announces ORION-9 met all primary, secondary endpoints - The Medicines Co. announced detailed results from ORION-9, the last of three pivotal 18-month low-density lipoprotein cholesterol, or LDL-C, lowering Phase 3 clinical studies of inclisiran, an investigational twice-yearly therapy to reduce LDL-C and the first and only cholesterol-lowering treatment in the siRNA class. In ORION-9, twice-yearly dosing with inclisiran sodium 300 mg met all primary and secondary efficacy endpoints, was well-tolerated and demonstrated an excellent safety profile. Full study results were presented during a late-breaking science session at the American Heart Association, or AHA. For the primary endpoints of ORION-9, inclisiran delivered placebo-adjusted LDL-C reductions of 50% at day 510 in HeFH patients and demonstrated time-averaged placebo-adjusted LDL-C reductions of 45% from days 90 through 540. The overall adverse event profiles of the placebo- and inclisiran-treated groups in ORION-9 were similar. At least one serious treatment emergent adverse event was experienced by 13.8% of patients in the placebo-treated group and 7.5% of patients in the inclisiran-treated group. The incidences of deaths and malignancies were similar between the placebo and inclisiran groups, respectively. Low incidences of clinically significant elevations in liver function tests and serum creatinine increases were observed in the placebo and inclisiran groups, respectively, and none were considered related to study drug. Clinically relevant adverse events at the injection site, predominantly mild and always transient, were reported in 0.4% of placebo-treated patients vs. 13.7% of inclisiran-treated patients. ORION-9 data will be submitted to a peer-reviewed medical journal. The company expects to file regulatory submissions in the U.S. in Q4 and in Europe in Q1 of 2020.
|
WFSTF | Hot Stocks09:14 EST Western Forest says negotiations with United Steelworkers 'no longer occurring' - Western Forest Products announced that after resuming discussions with the United Steelworkers Local 1-1937 this week, active negotiations are no longer occurring and no future mediation dates have been scheduled at this time. Don Demens, President and CEO, had the following statement: "This weekend, Western tabled a fair proposal with the goal of ending the strike and bringing people back to work. After approximately 14 hours of bargaining occurring over Saturday and Sunday morning, we were informed by independent mediators Vince Ready and Amanda Rogers that talks were over. We offered a five-year agreement, which included a $2,000 signing bonus and wage increases of 2% per year for the first four years and 2.5% in the fifth year. After previously dropping pension plan alternatives opposed by the Union, we also dropped all remaining proposals that the Union opposed, including modernizing agreements dating back to 1986 which would support future employment. Our offer is aligned with recent forest industry collective bargaining settlements and provides certainty for employees, customers, contractors, and communities. Our goal is to get people back to work, end the strike and enable us to supply products to our customers. To achieve this goal, we asked the Local Union Bargaining Committee to allow employees to return to work while they ask membership to vote on our proposal. To date, the Committee has rejected this proposal as well as our request to go to binding arbitration. The Committee continues to demand a shorter-term agreement, with wage increases which are nearly 40 per cent higher than recent industry agreements and changes that would eliminate current shift flexibility required to operate the business. Western carefully considered all of the Committee's proposals, including demonstrating openness to a four-year term. However, in an industry already challenged to compete in global markets, the Committee's proposals in their entirety are not sustainable; challenging future capital investment, decreasing operational certainty and restricting our ability to operate efficiently. While Western is doing what it can to end the strike, we must also protect the future of our business so we can continue to employ thousands of people in British Columbia. Western remains willing to honour our proposal, go to binding arbitration, or explore other opportunities to get our employees back to work and end the strike. We are urging the Committee to reconsider its decision and allow employees to vote on this offer so we can return people to work as soon as possible." The strike, which commenced on July 1, 2019, affects all the Company's United Steelworkers certified manufacturing and timberlands operations in British Columbia, impacting approximately 1,500 of the Company's hourly employees and approximately 1,500 employees working for the Company's timberland operators and contractors.
|
AMZN | Hot Stocks09:13 EST Amazon announces second fulfillment center in Mississippi - Amazon.com announced plans for its second Mississippi fulfillment center, to be located in DeSoto County. The facility will create 500 new, full-time jobs starting at $15 an hour with comprehensive benefits starting on day one. In addition, Amazon has pledged to invest over $700 million to provide upskilling training for 100,000 U.S. employees for in demand jobs. Programs will help Amazonians from all backgrounds access training to move into highly skilled roles across the company's corporate offices, tech hubs, fulfillment centers, retails stores, and transportation network, or pursue career paths outside of Amazon. All associates will go through hours of safety training and have access to continuing education opportunities through Amazon's upskilling programs such as Career Choice. In this program, the company will pre-pay up to 95 percent of tuition for courses related to in-demand fields, regardless of whether the skills are relevant to a career at Amazon. Since the program's launch, more than 25,000 employees have pursued degrees in game design and visual communications, nursing, IT programming and radiology, to name a few.
|
NTNX | Hot Stocks09:12 EST Nutanix appoints Tarkan Maner as chief commercial officer - Nutanix announced that it has appointed Tarkan Maner as chief commercial officer, where he will lead Nutanix's global business development and corporate development efforts, with a focus on strategic partnerships, alliances, system integrators and service providers. Maner's responsibilities will include leading critical hybrid cloud-focused strategy and product teams including Nutanix's core virtualization platform, or AHV, software-defined networking, and some of the key hybrid cloud services.
|
CYTK AMGN | Hot Stocks09:11 EST Cytokinetics, Amgen, Servier announce results from COSMIC-HF Phase 2 trial - Amgen (AMGN), Cytokinetics (CYTK) and Servier announced that new results from COSMIC-HF, a Phase 2 trial evaluating omecamtiv mecarbil in patients with heart failure with reduced ejection fraction, will be presented today at the American Heart Association's Scientific Sessions 2019 in Philadelphia. In patients with HFrEF treated with omecamtiv mecarbil, in addition to previously reported improvements in cardiac contractility measures, measures of diastolic function were not different from placebo and, for some measures, trended towards improvement. In COSMIC-HF, 448 patients with stable, symptomatic heart failure and left ventricular ejection fraction less than40% were randomly assigned to omecamtiv mecarbil or placebo in a double-blind fashion for 20 weeks. This post-hoc analysis assessed the effect of chronic therapy with omecamtiv mecarbil by treatment group on echocardiographic measures of diastolic function, including early and late peak mitral inflow velocities, early peak myocardial relaxation velocity, isovolumic relaxation time, tricuspid regurgitation velocity and diastolic filling time. In patients with HFrEF who received omecamtiv mecarbil, systolic ejection time increased as previously reported and expected, while diastolic filling time was not reduced, nor were diastolic parameters worsened. Specifically, in patients receiving omecamtiv mecarbil E-wave velocity, E/A-ratio, and E/e' or e' were not significantly changed compared to placebo. There was a small increase in the duration of the IVRT, and in the PK group, TRV, an indicator of pulmonary pressure, improved significantly during treatment with omecamtiv mecarbil therapy
|
VRTU | Hot Stocks09:11 EST Virtusa enters partnership with InterSystems - InterSystems announced that it is partnering with Virtusa to enhance the healthcare data integration capabilities of its vLife life sciences platform.
|
TMUS... | Hot Stocks09:10 EST Fly Intel: Pre-market Movers - HIGHER: Qiagen (QGEN), up 3% after announcing late on Friday that the company is exploring potential strategic alternatives following "several conditional, non-binding indications of interest"... NIO Inc, (NIO), up 4% after appointing Wei Feng as CFO... Teekay Tankers (TNK), up 3% after BofA Merrill Lynch analyst Ken Hoexter issued a double-upgrade on shares to Buy from Underperform with a price target of $3, up from $2... Karuna Therapeutics (KRTX), up 72% after KarXT met its primary endpoint in a Phase 2 trial... Yandex (YNDX) up 6% after announcing a $300M share repurchase program. DOWN AFTER EARNINGS: Quidian (QD), down 8%. ALSO LOWER: T-Mobile US (TMUS), down 2% after announcing that Mike Sievert, who is currently President, COO and a director, will assume the CEO role from John Legere after the conclusion of Legere's contract on April 30, 2020... SunPower (SPWR), down 4% after filing to sell 22M shares of common stock... Xerox (XRX) and HP Inc, (HPQ), down 2% and 1%, respectively, after HP announced that its board has unanimously rejected the unsolicited acquisition proposal from Xerox... Ultra Clean (UCTT), down 2% after Stifel analyst Patrick Ho downgraded the stock to Hold from Buy with an unchanged price target of $21. The analyst says the downgrade is "based entirely on valuation".
|
TMUS | Hot Stocks09:07 EST T-Mobile CEO Legere says CFO Carter extended his contract
|
SSTK | Hot Stocks09:07 EST Shutterstock names Jarrod Yahes as CFO, effective December 9 - Shutterstock announced Jarrod Yahes is joining the company as CFO, effective December 9. Yahes brings more than 20 years of financial experience to Shutterstock. He is an accomplished executive having previously built finance and accounting teams, executed an IPO and led numerous strategic mergers and acquisitions. Additionally, Yahes has significant experience with public-company controls, reporting processes and investor relations. Since October 2016, Yahes has served as the CFO at Zeta Global, a marketing technology company. Previously, he was the CFO at Jackson Hewitt.
|
TMUS S | Hot Stocks09:06 EST T-Mobile CEO Legere to focus on Sprint merger, seamless leadership transition - T-Mobile (TMUS) CEO John Legere says Mike Sievert is "absolutely best choice to succeed me as CEO. Legere said "succession news changes nothing" about merger with Sprint (S). Comments provided during T-Mobile conference call.
|
AMBS | Hot Stocks09:06 EST Amarantus CEO sees areas for 'collaborations that could accelerate growth' - Amarantus Bioscience released a letter to its shareholders following the announcement of the binding term sheet to license the Company's therapeutics subsidiaries' technologies to Emerald Organic Products. The letter read, in part, "I am pleased to provide an update regarding progress on several fronts and on the plan to deliver a recapitalization of the Company that would allow for shareholders to benefit from the value of Amarantus' exciting portfolio. Our goal has been to place our development programs into separate subsidiary companies, and then work with partners to attract financial resources to advance these programs through FDA approval and into commercialization via those subsidiaries. This plan would also allow for the settlement of the Company's outstanding liabilities and potentially provide significant upside for Amarantus shareholders. As previously announced, we entered into joint venture via our Breakthrough Diagnostics subsidiary with Todos Medical, Ltd. to develop our neurodiagnostics technologies, led by blood screening diagnostic LymPro Test for Alzheimer's disease, and we have agreed to license our therapeutic portfolios to Emerald Organic Products. These transactions provide a promising path forward for our programs. Amarantus will own Todos common shares equating to approximately 49% of Todos common shares immediately prior to Todos completing a capital raise to list its common shares on the Nasdaq Capital Markets, and Amarantus will own convertible preferred stock with a face value of $100M in Emerald upon closing of the pending license agreement of our therapeutics portfolio to Emerald. The Company will also receive royalties from product sales. Amarantus also continues to hold a 31.5% common equity position in Avant Diagnostics, which was taken private in first half of 2019. Avant is preparing to relaunch the Theralink(R) phosphoprotein tumor analysis platform back into the marketplace in 2020. I am also confirming our plans remain to complete our capital restructuring by conducting a capital raise via Reg A. In addition, Amarantus management has begun to evaluate the timing, amount and record date of a potential dividend of a portion of the shares Amarantus receives from Todos to its common shareholders. This dividend assumes the successful completion of the Breakthrough acquisition by Todos and related uplisting of Todos common shares to Nasdaq CM, and would be tangible recognition of ongoing support of Amarantus by its shareholders...We are encouraged by the progress in recent months and the strength of the opportunities to move our programs forward. We see significant synergy in our product and IP portfolios, and see areas for potential collaborations that could accelerate growth."
|
AMGN CYTK | Hot Stocks09:05 EST Amgen, Cytokinetics, Servier announce new results from COSMIC-HF - Amgen (AMGN), Cytokinetics (CYTK) and Servier announced that new results from COSMIC-HF, a Phase 2 trial evaluating omecamtiv mecarbil in patients with heart failure with reduced ejection fraction, will be presented at the American Heart Association's Scientific Sessions 2019 in Philadelphia. In patients with HFrEF treated with omecamtiv mecarbil, in addition to previously reported improvements in cardiac contractility measures (including systolic function, or pumping action of the heart), measures of diastolic function were not different from placebo and, for some measures, trended towards improvement. "The results show that, in addition to increasing the pumping action of the heart, omecamtiv mecarbil did not change and for some measures was consistent with improvement of the heart's diastolic function, or ability to relax between heartbeats," said Tor Biering-Sorensen, M.D., Herlev & Gentofte Hospital and Associate Professor, University of Copenhagen, who will present the data at AHA. In COSMIC-HF, 448 patients with stable, symptomatic heart failure and left ventricular ejection fraction less than40% were randomly assigned to omecamtiv mecarbil; or 25 mg twice daily with pharmacokinetic-guided dose selection to 50 mg twice daily or placebo in a double-blind fashion for 20 weeks. This post-hoc analysis assessed the effect of chronic therapy with omecamtiv mecarbil by treatment group on echocardiographic measures of diastolic function, including early and late peak mitral inflow velocities, early peak myocardial relaxation velocity, isovolumic relaxation time, tricuspid regurgitation velocity and diastolic filling time. In patients with HFrEF who received omecamtiv mecarbil, systolic ejection time increased as previously reported and expected, while diastolic filling time was not reduced, nor were diastolic parameters worsened. Specifically, in patients receiving omecamtiv mecarbil E-wave velocity, E/A-ratio, and E/e' or e' were not significantly changed compared to placebo. There was a small increase in the duration of the IVRT, and in the PK group, TRV, an indicator of pulmonary pressure, improved significantly during treatment with omecamtiv mecarbil therapy.
|
BAESY | Hot Stocks09:05 EST BAE Systems awarded $71M in contracts for aircraft survivability equipment - BAE Systems has received contracts to deliver $71M in aircraft survivability equipment to several U.S. allies via U.S. Army Foreign Military Sales. Under the contracts, the Netherlands, Spain, the United Kingdom and the United Arab Emirates have agreed to purchase the AN/AAR-57 common missile warning system, or CMWS, and associated equipment to protect their aircraft and crews from sophisticated threats. CMWS is designed to detect a wide range of infrared-guided missiles and hostile fire threats, providing warnings to pilots and cueing laser-based and expendable countermeasures. The system's rapid response capabilities improve survivability and reduce the cognitive load on pilots.
|
KERN | Hot Stocks09:00 EST Akerna CEO says FY19 was 'landmark year' for company - Akerna announced a letter from its CEO, Jessica Billingsley, to its shareholders and the investment community. The letter said, in part: " I begin this letter to shareholders with a sense of pride in our company and our global team. By all accounts, fiscal year 2019 was operationally a landmark year for Akerna. During the year ended June 30, 2019, we reported record revenues of approximately $11M and expect to realize organic growth of at least 55% in the current fiscal year. Just last week we reported our first quarter results reporting continued double digit year over year revenue growth. We believe we've set the stage for future growth built atop a strong foundation as the first Nasdaq-listed compliance technology company in the cannabis industry. Results and key business metrics continue to demonstrate the ongoing demand for our cornerstone SaaS products, MJ Platform, our B2B commercial ERP product, and Leaf Data Systems and our B2G government traceability product. Our growth hints at the true magnitude of the opportunity ahead...We are not resting on our laurels. Our competitive differentiator is being first to market, "first to value." To that end, we are building on our legacy and holding firm to our commitment to grow through strategic acquisition and investments that complement our business strategy, including: Isolocity: In August 2019, we announced our strategic partnership with Isolocity, providing the first Global Manufacturing Practice standards-compliant, global cannabis export technology solution through the integration of Isolocity's industry-leading quality management system, supporting GMP and ISO 9001 compliance, into MJ Platform. As a result, cannabis companies may now pursue international expansion more easily, utilizing a QMS framework that meets local, national, and global compliance needs. ZolTrain: In October 2019, we announced our minority investment in, and license agreement with, ZolTrain, providing the first instance of cannabis brand training in the palm of the budtender's hand and information at the point of sale through MJ Platform. We believe this collaboration enables greater consumer, product, and public safety through education while improving the customer experience by pairing education with product information at the point of sale. Enterprise Resource Planning: We have partnered with two leading enterprise resource planning providers to integrate their tools into our solutions. Through these agreements, we are integrating their tools into MJ Platform, our seed-to-sale cannabis compliance platform. With these new partnerships, we can now offer our customers seed-to-sale tracking in cannabis, the compliance tracking required by most states and governments AND integrated enterprise resource planning solutions, including enterprise-class global accounting and tax reporting. solo sciences: Leaf Data and solo sciences entered into an agreement to launch solo*TAG, the world's first cryptographically secure, cannabis product authentication system. Exclusively for governments and only available with Leaf Data Systems, our advanced tagging technology combined with a closed-loop platform, improves and strengthens the category of government track-and-trace products. MJ Platform and solo*CODE have also integrated innovative technology for consumers and brands, bringing a consumer-facing mark designed to highlight authenticity and signify transparency. This is another step in our commitment to creating the pre-eminent global cannabis technology platform to address the entire supply chain and its regulatory bodies through both accountability and transparency."
|
ACST | Hot Stocks08:55 EST Acasti Pharma releases preliminary animal data on CaPres mechanism of action - Acasti Pharma released some preliminary new animal data which provides additional insights into CaPre's potential mechanism of action in diabetes. In the Company's Phase 2 studies in humans, a statistically significant reduction of hemoglobin A1c was seen in the 4 gram treatment arm of the COLT study. This is the same dose that is currently being tested in Acasti's TRILOGY Phase 3 program in humans. This positive HbA1c result In COLT was surprising at the time, and potentially unique to CaPre, as other therapeutic OM3s had previously shown no effect on glucose metabolism in a diabetic or pre-diabetic population. The main objective for this new mechanistic diabetes mouse study was to assess if CaPre acts on glucose and/or insulin in some unique manner, and to compare results head-to-head with icosapent ethyl, a marketed omega-3 therapeutic, and metformin, a widely prescribed diabetic medication. Acasti collaborated with Professor Andre Marette, Ph.D. who conducted the study. Dr. Marette, who is the Director of the Pfizer Chair to study the pathogenesis of insulin resistance and cardiometabolic diseases at the University Laval, Quebec, conducted the study for Acasti in a widely used and well accepted animal model in diet-induced obese C57BL6 mice to compare the mechanisms of action of CaPre versus icosapent ethyl and metformin on insulin resistance and type 2 diabetes. A second, still ongoing study will also compare these same drugs in a fatty liver disease animal model. Dr. Marette is a highly regarded researcher of cardiometabolic disease, and he has published numerous papers in prestigious journals such as Nature Medicine. The preliminary findings obtained for the diabetes mouse study showed that CaPre may promote insulin secretion as seen by statistically significant results produced in a standard glucose challenge test, thus suggesting a mechanism of action different and unique when compared to metformin, which does not promote insulin secretion. Furthermore, icosapent ethyl showed no effect on insulin or any improvement in glucose metabolism or management. Key additional findings from this diabetic mouse study are: CaPre increased insulin production in association with increased c-peptide levels, suggesting that this effect is linked to greater insulin secretion by ss cells. This was also associated with a tendency for lower glucose responses during a glucose challenge test. CaPre exhibited a dose response, where the higher the dose the more insulin was secreted. Both CaPre and icosapent ethyl significantly increased plasma 18RS-HEPE, as compared to the untreated control and metformin groups. Despite the lower levels of EPA in CaPre's composition, the actual levels of 18RS-HEPE reached in the blood were higher for CaPre than levels produced by icosapent ethyl. Again, a dose response effect was seen with CaPre. 18RS-HEPE and Resolvin E1 are both resolving mediators of OM3s, and particularly EPA, and they are involved in the resolution of inflammation that is triggered in many chronic diseases including obesity and diabetes. Both high dose, and low dose of CaPre significantly increased plasma levels of 17S-HDHA and PDX as compared to the untreated control group. The effects of high dose CaPre on PDX was very robust and significant, and much greater than those of icosapent ethyl, which showed virtually no response. Research has shown that increased levels of PDX improves insulin sensitivity in various models of insulin resistance and diabetes by several mechanisms, including by limiting inflammation in metabolic tissues, as well as by enhancing skeletal muscle IL-6 secretion, AMP activated protein kinase activation and glucose uptake, and by enhancing insulin's ability to suppress hepatic glucose production, which is also elevated in diabetic patients. Data from the diabetic mouse study are still being compiled and finalized. The second study underway in a fatty liver/NASH disease model, will further confirm the findings of the diabetes study, and may potentially provide more insight into the mechanism of action of CaPre on the plasma lipid profile, and in fatty liver disease by further comparing the impact of CaPre on plasma TGs, LDL-C and HDL-C, as well as on hepatic lipid accumulation versus that of icosapent ethyl and metformin. Based on the findings from both of these study phases, Acasti and Dr. Marette plan to submit the data to a peer review journal for publication. Acasti may also file additional patents covering unique aspects and applications of this expanded understanding of CaPre's mechanism of action.
|
COTY | Hot Stocks08:52 EST Coty enters partnership with Kylie Jenner, acquires 51% of partnership for $600M - Coty and Kylie Jenner announced that they have entered into a long-term strategic partnership in order to jointly build and further develop Kylie's existing beauty business. Together, Coty and Kylie will set and lead the strategic direction of the partnership, focusing on global expansion and entry into new beauty categories. Kylie and her team will continue to lead all creative efforts in terms of product and communications initiatives, building on her global reach capabilities through social media. Coty will have overall responsibility for the portfolio's development, leveraging its global knowledge and capabilities in R&D, manufacturing, distribution, commercial and go-to-market strategies. In addition to its responsibilities within the partnership, Coty will act as a licensee for skincare, fragrances and nail products. Under the terms of the agreement, Coty will acquire a 51% ownership in the partnership for $600M. Coty expects the transaction will be accretive to the net revenue growth of its core fragrance, cosmetics and skin care portfolio by more than 1% per annum over the next three years. The transaction is expected to be neutral to Coty's earnings per share in year one, and accretive thereafter. The ROIC of the transaction is expected to exceed Coty's cost of capital by FY23. Kylie Cosmetics realized an estimated $177M net revenues for the trailing twelve months. The acquisition is expected to close in the third quarter of fiscal year 2020. All beauty categories within the new partnership will continue to be sold through leading luxury beauty retailers as well as owned digital channels.
|
ARTL | Hot Stocks08:51 EST Artelo announces publication of fatty acid binding protein 5 inhibitor data - Artelo Biosciences announced that positive non-clinical data with the Company's Fatty Acid Binding Protein 5 inhibitor program under development in collaboration with The Research Foundation of the State University of New York Stony Brook, were published in the October 2019 issue of The Prostate, a premier peer-reviewed journal. Prostate cancer remains the second leading cause of cancer-related death among men. Taxanes, such as docetaxel and cabazitaxel are utilized in standard treatment regimens for chemotherapy naive castration-resistant prostate cancers. However, tumors often develop resistance to taxanes, and taxane-treatment can lead to numerous adverse effects that can lead to the termination of therapy. FABP5 is an intra-cellular protein chaperone that serves as a carrier for fatty acids that trigger increased expression of genes associated with tumor angiogenesis and reduced patient survival. Inhibition of FABP5 has previously been shown to suppresses the growth and migration of breast and prostate cancers. Researchers at Stony Brook University assessed whether FABP5 inhibitors synergize with semi-synthetic taxanes to induce cytotoxicity in vitro and attenuate tumor growth in vivo.
|
TOL | Hot Stocks08:50 EST Toll Brothers, JD Capital USA launch joint venture to develop rental community - Toll Brothers, through its Toll Brothers Apartment Living rental subsidiary, and JD Capital USA, have announced the formation of a new joint venture to develop a 262-unit luxury apartment community in the City of Orange, CA. The joint venture has secured a $74M construction loan facility from Capital One National Association, serving as administrative agent, and California Bank & Trust. The debt and equity financing were arranged by Toll Brothers' in-house Finance Department. Toll Brothers Apartment Living will manage the project's development, marketing and leasing. A 5-story mid-rise, the project offers a premium location with excellent access to greater Orange County, Los Angeles and San Diego. Amenities will include a resort-style pool, fitness center, well-appointed community lounges, co-working center, pet grooming spa, private dining and prep kitchen, indoor bike racks and a 463-space parking garage. Leasing and first move-ins are projected for late 2020. The project will be one of a few luxury rental communities to deliver in 2020 in the City of Orange.
|
LOV CRTO | Hot Stocks08:47 EST Spark Networks CEO Jeronimo Folgueira to step down, Eric Eichmann to succeed - Spark Networks (LOV) announced the appointment of Eric Eichmann as CEO, effective November 18. Eric will replace Jeronimo Folgueira who is stepping down from the role as CEO. To ensure a smooth transition, Jeronimo will remain with Spark Networks through the end of 2019 and will continue to serve on Spark's board of directors. Previously, Eric Eichmann was CEO at Criteo (CRTO).
|
ERJ | Hot Stocks08:45 EST Embraer says CIAF Leasing signs order for three E190 jets - Embraer and Cairo-based CIAF Leasing have signed a firm order for three E190 aircraft. The deal has a value of $161.4M at current list prices and will be added to Embraer's fourth quarter backlog. The three new aircraft will join CIAF's existing fleet of three E170s, two of which are on lease with Jasmin Airways, the other with Air Cairo. CIAF are also due to receive two E195s in mid-November.
|
TRHC | Hot Stocks08:44 EST Tabula Rasa HealthCare announces pharmacy services agreement with WelbeHealth - Tabula Rasa HealthCare will provide medication safety and comprehensive pharmacy services to WelbeHealth, through an agreement with its subsidiary CareKinesis. TRHC already provides health plan management services to WelbeHealth through its PeakTPA service line; both PeakTPA and CareKinesis operate as part of TRHC's CareVention HealthCare Division. WelbeHealth, founded by mission-driven physicians to unlock the full potential of the most vulnerable seniors in underserved communities, opened its first two PACE programs in 2019 in the Stockton-Modesto and Pasadena-Glendale-Burbank regions of California. The company plans to open additional locations in 2020 that also will adopt TRHC services including both health plan management and pharmacy services.
|
TBPMF | Hot Stocks08:42 EST Tetra Bio Pharma secures financing for Hemp Energy Drink business - Tetra Bio-Pharma announced its subsidiary, 2714140 Ontario Inc., has secured financing of C$3M in the form of convertible notes, to purchase the full rights to the Hemp Energy Drink formulation. The notes are convertible into shares of 2714140 Ontario Inc., which remains a fully owned subsidiary of Tetra. The convertible notes allow 2714140 Ontario Inc. to manufacture and distribute HED worldwide and fund ongoing operations for the business. As previously disclosed in Tetra's most recent Management Discussion and Analysis, the HED assets were transferred into this subsidiary and classified as available for sale on August 31, 2019, following a strategic review by Tetra's Board.
|
SG | Hot Stocks08:42 EST Sirius International Insurance Group confirms Frucher as Non-Executive Chairman - Sirius International Insurance Group announced that its Board of Directors confirmed Meyer Frucher as Non-Executive Chairman of the Board of Directors of the company. Frucher was previously appointed as an interim Non-Executive Chairman of the Board.
|
SYNA | Hot Stocks08:41 EST Swisscom launches IPTV media streaming box powered by Synaptics - Synaptics Incorporated, along with Swisscom announced co-development of the new Swisscom Entertainment OS 4 set-top-box, now available to its over 1.5 million subscribers. The new Swisscom TV Entertainment OS 4 STB framework is built upon Synaptics' far-field voice IPTV reference design which includes the high-performance Quad-Core VideoSmart multimedia processor with integrated FFV processing and custom wake word to support Swisscom's proprietary assistant. Rounding out the comprehensive reference design is a high dynamic range stereo microphone analog-to-digital converter , a digital-to-analog converter, and an audio amplifier which powers the internal speaker.
|
CPST | Hot Stocks08:40 EST Capstone Turbine announces 1 MW project in Colombia with Ecopetrol - Capstone Turbine announced it secured its first-ever flare gas project in Colombia with Ecopetrol. Supernova Energy Services, Capstone's exclusive distributor for Colombia and Venezuela, secured the order for the 1 megawatt, or MW, project, which is expected to be commissioned by the end of the year. Ecopetrol is one of the largest oil producers in the world, with multiple hydrocarbon extraction fields throughout Colombia. Looking to replace one of its reciprocating engine generators in the Rio Ceibas Field, engineers turned to Capstone's regional distributor.
|
ERJ | Hot Stocks08:40 EST Embraer says Air Peace signs firm order for three additional E195-E2 jets - Embraer announced that Air Peace, Nigeria and West Africa's largest airline, has signed a contract for three additional E195-E2s, confirming purchase rights from the original contract, signed in April this year. These new E195-E2s will be included in Embraer's 2019 fourth-quarter backlog and have a value of $212.6M, based on Embraer's current list prices. Set to be the first E-Jets E2 operator in Africa, Air Peace's firm order, announced in April this year, is now for 13 E195-E2s with 17 purchase rights for the same model. The first delivery is scheduled for the second quarter of 2020.
|
CYDY | Hot Stocks08:39 EST CytoDyn engages LifeSci Public Relations as communications partner - CytoDyn announced that it has engaged LifeSci Public Relations to increase awareness of the Company's brand, science and clinical programs. LifeSci Public Relations will provide CytoDyn with integrated communications services through strategic messaging, media outreach, and social and digital media efforts.
|
IMBI | Hot Stocks08:38 EST iMedia Brands to launch Bulldog shopping network on November 22 - iMedia Brands announced that Friday, November 22nd, it will launch a new, innovative, 24/7 television network called Bulldog Shopping Network. The company already owns and operates a nationally distributed, 24/7 television network called ShopHQ, which is its flagship service that has been engaging customers in the United States for over 25 years. Bulldog Shopping Network is a male-oriented television network with a brand promise to do things differently. Bulldog's hosts, guests, producers, and programming and merchandise assortments will celebrate a curated definition of the modern man who likes to be an individual. The network will launch in four million U.S. television households and expects to roll-out to 25 million households over its first 60 days.
|
NOW | Hot Stocks08:37 EST ServiceNow appoints Gina Mastantuono as CFO, says CEO has assumed role - ServiceNow announced that Gina Mastantuono will join ServiceNow as CFO, effective January 13, 2020. Mastantuono joins the company from Ingram Micro, where she served as CFO. Mastantuono brings more than 20 years of financial experience to ServiceNow, including in the cloud, IT and mobility solutions industries. Since 2016, she has served as CFO of Ingram Micro, a provider of global technology and supply chain services with more than $50B in revenue in FY18 and 200,000 customers worldwide. Mastantuono led the company's global finance organization, including financial planning and analysis, M&A, treasury and risk management, accounting and reporting, internal audit, tax, investor relations and global business processes. ServiceNow announced on October 22 that Bill McDermott is joining the company as president and CEO by year-end, succeeding president and CEO John Donahoe, who is stepping down to become CEO of Nike. McDermott has now formally assumed the role of president and CEO and joined ServiceNow's board of directors. Donahoe will continue to serve on ServiceNow's board through his current term, which ends in June 2020.
|
CTL INFN | Hot Stocks08:36 EST CenturyLink, Infinera bring terabit capacity to supercomputing network - CenturyLink (CTL) and Infinera (INFN) supplied equipment, software, and services to support the industry's supercomputing conference at this week's SC19, the International Conference for High Performance Computing, Networking, Storage, and Analysis. CenturyLink and Infinera, along with other contributors from the networking industry, academia, and government, are delivering multi-terabit capacity to SCinet, the dedicated high-capacity network that supports revolutionary applications and some of the world's most advanced supercomputing experiments at the SC19 conference. Multi-terabit capacity enables the network to more rapidly transmit large amounts of data to meet the needs of this supercomputing community. CenturyLink will deliver this capacity using the Infinera Groove G30 Compact Modular Platform running 2 x 600 gigabits per second metro wavelengths. The deployment will connect the Colorado Convention Center in Denver with wide-area networks in major U.S. cities, demonstrating CenturyLink's rapid provisioning of 100-gigabit services.
|
TMUS | Hot Stocks08:35 EST T-Mobile down 1.6% after announcing CEO transition
|
RCAR EMIS | Hot Stocks08:35 EST RenovaCare appoints Alan Rubino as president, CEO - RenovaCare (RCAR) announced the appointment of Alan Rubino as President and CEO. Rubino will lead the Company through its next stages of clinical and corporate development and financial growth. Rubino transitioned from Emisphere Technologies (EMIS) after leading a turnaround over the last seven years.
|
FTFT | Hot Stocks08:34 EST Future FinTech announces agreement with Chifeng Supply and Marketing Company - Future FinTech announced cooperation with Chifeng Supply and Marketing E-commerce Co. to develop a blockchain contract farming platform focusing on sheep farming. Contract farming is defined as a sales arrangement of certain agriculture products between a customer and a farmer before production begins and it establishes conditions for the production and markets for farm products. By connecting the consumers and farmers directly, contract farming can offer farmers an assured market and offer consumers higher food quality and safety. The first phase of the blockchain contract farming platform will focus on sheep farming in Chifeng. Future FinTech agreed to utilize its technology to develop and provide the real-name blockchain platform for the contract sheep farming. Chifeng Supply and Marketing Company will consolidate local farmers and resources to transform them into standard sheep farming. By building a blockchain contract farming platform, every sheep farming process will be carried out by a real-name farmer and record on the blockchain. Consumers would be able to track the whole standard sheep farming process.
|
HRI | Hot Stocks08:33 EST Herc Holdings appoints Wade Sheek as chief legal officer - Herc Holdings announced that it has appointed Wade Sheek as senior VP, chief legal officer and corporate secretary, effective immediately. In this role, Sheek will lead all aspects of Herc Holdings' legal function, including contractual- and transaction-related legal activities and regulatory and litigation matters. In addition, he will oversee the company's corporate governance and statutory reporting requirements. Sheek joins Herc Holdings with more than 18 years of experience in the legal profession, and principally leading corporate legal organizations. Most recently, Sheek was general counsel and secretary for Republic Airways.
|
ENLV | Hot Stocks08:32 EST Enlivex Therapeutics completes recruitment in Phase Ib trial of Allocetra - Enlivex Therapeutics reported completion of patient recruitment into the Company's Phase Ib clinical trial in patients with severe sepsis. The study was designed to recruit ten patients, including six treated with a single dose of Allocetra, and four patients treated with two doses of Allocetra. Enlivex announced on November 4, 2019 positive interim safety and efficacy data from an ongoing trial of off-the-shelf universal Allocetra in patients with severe sepsis. The interim analysis comparing the first six Allocetra-treated patients with 37 severe sepsis patients with equivalent source of infection and disease severity who were hospitalized at the same hospital, demonstrated the potential of single dose Allocetra infusion as therapy for prevention of sepsis-associated organ failure and mortality. ALLOCETRA by Enlivex was designed to provide a novel immunotherapy mechanism of action that targets life-threatening clinical indications that are defined as "unmet medical needs", including prevention or treatment of complications associated with bone marrow transplantations and/or hematopoietic stem cell transplantations; organ dysfunction and acute multiple organ failure associated with sepsis; and enablement of an effective treatment of solid tumors via immune checkpoint rebalancing.
|
TMUS | Hot Stocks08:32 EST T-Mobile appoints Mike Sievert as CEO effective May 1
|
AMRS | Hot Stocks08:32 EST Amyris moves into regulatory stage with new health and nutrition molecule - Amyris announced that it is moving into the regulatory stage with a new, undisclosed health and nutrition molecule. Amyris has proven its capability to produce health and nutrition molecules at commercial scale with three others; artemisinin, vitamin E and, most recently, Reb Amyris developed a process for this ingredient that enables the highest purity at the lowest cost and has now successfully manufactured material via large scale fermentation. The company plans to submit formal regulatory filings for this ingredient (currently not being named due to partner's requirements) where required for rapid approval and market entry during the first half of 2020.
|
CRBP | Hot Stocks08:30 EST Corbus Pharmaceuticals completes enrollment of Phase 2b study of lenabasum - Corbus Pharmaceuticals Holdings announced the completion of patient enrollment in the Phase 2b study evaluating the efficacy and safety of lenabasum for the treatment of cystic fibrosis. The Company expects to report topline data from this study in the summer of 2020. Lenabasum has Orphan Drug Designation and Fast Track status for treatment of CF. Corbus has enrolled 426 individuals with CF in the Phase 2b international, multicenter, randomized, double-blind, placebo-controlled study that is being conducted in North America, Europe, and Israel. Patients in the study are randomized 1:2:2 to either receive lenabasum 5 mg twice per day, lenabasum 20 mg twice per day or placebo twice per day for 28 weeks, with 4 weeks follow-up off active treatment. The primary efficacy endpoint of the Phase 2b CF study is the event rate of pulmonary exacerbation. Secondary efficacy outcomes include other measures of pulmonary exacerbations, change in forced expiratory volume in 1 second, % predicted, and change in Cystic Fibrosis Questionnaire-Revised respiratory domain score. The Phase 2b CF study is funded in part by a Development Award for up to $25M from the Cystic Fibrosis Foundation. Lenabasum was granted Orphan Drug Designation for the treatment of CF by the FDA, Orphan Designation by the European Medicines Agency and granted Fast Track status by the FDA. Lenabasum is not approved for the treatment of cystic fibrosis.
|
COO | Hot Stocks08:29 EST Cooper Companies announces FDA approval of MiSight for treatment of myopia - CooperCompanies announced that CooperVision has received U.S. Food and Drug Administration approval of its MiSight 1 day contact lens, indicated to slow the progression of myopia when initially prescribed for children 8-12 years old. MiSight 1 day has been scientifically proven to reduce myopic progression by up to 59%. This is the first FDA approved myopia management contact lens and is expected to be available in the U.S. beginning in March of 2020.
|
CLDX | Hot Stocks08:28 EST Celldex initiates Phase 1 study of KIT inhibitor CDX-0159 - Celldex Therapeutics announced that a Phase 1a study of CDX-0159 has initiated in healthy volunteers. CDX-0159 is a humanized monoclonal antibody that specifically binds the KIT receptor and potently inhibits its activity. The KIT receptor tyrosine kinase is expressed in a variety of cells, including mast cells. In certain inflammatory diseases, such as chronic idiopathic urticaria, also known as chronic spontaneous urticaria, mast cell degranulation plays a central role in the onset and progression of the disease. Following completion of the study in healthy volunteers, Celldex plans to further study CDX-0159 in CIU. This first in-human study is a randomized, double-blind, placebo-controlled, Phase 1 study designed to evaluate the safety of single ascending doses in up to 32 healthy subjects. Secondary objectives of the study include analyses of pharmacokinetic and pharmacodynamics, as assessed by measuring changes in stem cell factor and tryptase, and assessments of the immunogenicity of CDX-0159.
|
SEEL | Hot Stocks08:26 EST Seelos Therapeutics receives FDA Fast Track designation for SLS-002 - Seelos Therapeutics announced the U.S. Food and Drug Administration has granted Fast Track designation to its new, investigational intranasal racemic ketamine program, SLS-002, for the treatment of Acute Suicidal Ideation and Behavior in patients with Major Depressive Disorder. Data from a Phase I study of SLS-002 to evaluate the pharmacokinetics, pharmacodynamics, and drug-drug interactions is expected in the first quarter of 2020.
|
ENPH RUN | Hot Stocks08:25 EST Enphase Energy signs strategic supply agreement with Sunrun - Enphase Energy announced that the Company has signed a strategic supply agreement with Sunrun. As part of the agreement, Enphase will provide its seventh-generation Enphase IQ microinverters to Sunrun for use in its residential solar business.
|
XNET | Hot Stocks08:24 EST Xunlei collaborates with China Tower Corporation on edge computing project - Xunlei Limited announced that the Company and the Shaanxi subsidiary company of China Tower Corporation have entered into an agreement to jointly develop an edge computing project. Under the agreement, Xunlei and China Tower Shaanxi subsidiary will start an edge computing project in Shaanxi province to deploy the initial computing nodes at 10,000 cellular tower stations. Taking advantage of each other's strengths, the parties intend to cooperate in areas including edge computing, IoT and blockchain, and jointly build an edge computing and IoT ecosystem to facilitate the development of information system for other industries in the era of 5G technology. Founded in 2014, China Tower Shaanxi subsidiary operates approximately 70,000 cellular transmission stations and with total assets of approximately RMB10B. With widely distributed cellular transmission tower resources, China Tower Shaanxi subsidiary recently accelerated its business development by actively seeking business opportunities in IoT, big data, edge computing, artificial intelligence, and other information and communications service industries.
|
PSIX | Hot Stocks08:22 EST Power Solutions appoints Lance Arnett as CCO - Power Solutions International announced that Lance Arnett has joined the Company as its new chief commercial officer. This is a newly created position reporting directly to PSI CEO John Miller. Arnett most recently serving as director and chief of staff of their North American OEM Performance Cell.
|
NVEE | Hot Stocks08:21 EST NV5 Global announces $20M owner's representative contract in California - NV5 Global announced the award of a four-year contract by a San Francisco Bay Area municipality to provide owner's representation, design oversight, plan review, and field inspection services on a 240 acre mixed use redevelopment project. The $8B project includes over nine million square feet of office, retail, dining and entertainment space, hotels, and more than 1,600 residential units and apartments. NV5's initial assignment under the flexible services agreement is for $5M. We anticipate this engagement will exceed $20M in multi-vertical services as the project progresses. Because the site is being developed over a closed landfill, it poses complex design and construction challenges. NV5's contract scope includes plan review and inspection services related to electrical transmission and distribution, landfill, parks and recreation, public works, and water operations and maintenance. Vertical construction of the project will begin in early 2020, and the first phase of the project is scheduled for completion in 2023
|
FOMX | Hot Stocks08:20 EST Foamix completes enrollment for Phase 2 acne trial of FCD105 foam - Foamix Pharmaceuticals announced the completion of Phase 2 clinical trial enrollment of FCD105 for the treatment of moderate-to-severe acne vulgaris. The trial will evaluate the efficacy and safety of the investigational topical combination foam, which comprises minocycline 3% and adapalene 0.3%. The Phase 2 clinical trial planned to enroll approximately 400 patients, aged 12 years and older, with moderate-to-severe acne vulgaris. This prospective, randomized, double-blind, vehicle-controlled trial is being conducted at multiple sites throughout the United States. Patients are randomized to one of four treatment arms: FCD105 foam, 0.3% adapalene foam, 3% minocycline foam or vehicle foam and will self-apply their assigned treatment once daily for 12 weeks. The study design follows current regulatory standards in evaluating the safety and efficacy of combination products of this type. The primary endpoints are: the proportion of patients achieving treatment success at Week 12 based on an Investigator's Global Assessment, the mean change from baseline in inflammatory lesion counts in each treatment group at Week 12, and the mean change from baseline in non-inflammatory lesion counts in each treatment group at Week 12. Safety evaluations include reported adverse events, skin tolerability assessments, physical examinations and vital signs.
|
CNTG PTCT | Hot Stocks08:18 EST Centogene, PTC Therapeutics collaborate for global diagnostic testing program - Centogene (CNTG) announced that it has signed an agreement with PTC Therapeutics (PTCT) for a global diagnostic program for aromatic L-amino acid decarboxylase deficiency. The testing program for AADC deficiency will provide physicians with much needed analysis of 3-O-Methyldopa, a powerful metabolic biomarker measured by mass spectrometry. When indicated by abnormal 3OMD levels, next generation sequencing of the dopa decarboxylase gene and variant analysis - providing 100% coverage - will be conducted. Eventually, deletion/duplication analysis will then be run if no mutation is identified via NGS. Analysis will be performed using CentoCard - CENTOGENE's CE-marked dried blood spot collection kit - that will be directly shipped to physicians. CENTOGENE also is in the process of validating DDC enzyme activity from dried blood spot and in doing so aims to offer 3OMD, NGS and DDC enzyme activity testing using a single CentoCard. This represents a complete set of assays facilitating the diagnosis of AADC.
|
HHS | Hot Stocks08:16 EST Harte-Hanks appoints Andrew Benett as CEO, Lauri Kearnes as CFO - Harte Hanks announced a transformation of its senior leadership team, signaling the final stage of its restructuring efforts and a renewed focus on driving growth and deepening customer engagements. Effective immediately: Andrew Benett was appointed as Executive Chairman and CEO. Most recently, Andrew served as the Global CCO at Bloomberg Media Group. Brian Linscott was appointed COO. Most recently, he served as Partner at BR Advisors. Lauri Kearnes was promoted to CFO replacing Mark Del Priore, who will be leaving the Company. Kearnes previously was the Vice President of Finance and Corporate Controller at Harte Hanks. Evan Behrens was named Lead Independent Director. Andrew Harrison stepped down as president, but will remain with the Company, and report to Andrew Benett in an executive advisory role.
|
HCYT | Hot Stocks08:12 EST H-CYTE raises $6M to accelerate FDA process for cellular therapy - H-CYTE announces it has raised $6M in new funding. The investment is in the form of preferred stock which may be converted into shares of common stock at a fixed price in excess of the current market, at approximately $.41 per share. The investment was led by a group that includes Todd Wagner, a co-founder of Broadcast.com and Rex Farrior and Preston Farrior, prominent philanthropists and University of Florida benefactors. The new funding will be used to advance the company's development of industry-leading medical treatments for chronic lung diseases such as COPD. H-CYTE recently entered into a long-term agreement with Rion that will enable H-CYTE to develop proprietary biologics for treatment of COPD. The company is planning on pursuing submission of an investigational new drug application for review by the U.S. Food and Drug Administration for that new treatment. The new funding was completed in a purchase of H-CYTE Series D Preferred Stock by FWHC LLC, an investment group that consists of Wagner as well as Tampa natives Rex Farrior and Preston Farrior. Additional details of the transaction will be filed in a Form 8K filed with the Securities and Exchange Commission.
|
FOMX | Hot Stocks08:11 EST Foamix announces completion of enrollment in Phase 2 trial of FCD105 - Foamix announced the completion of Phase 2 clinical trial enrollment of FCD105 for the treatment of moderate-to-severe acne vulgaris. The trial will evaluate the efficacy and safety of the investigational topical combination foam, which comprises minocycline 3% and adapalene 0.3%.
|
NAOV | Hot Stocks08:10 EST NanoVibronix: PainShield device receives unique reimbursement code from CMS - NanoVibronix announced that the Centers for Medicare and Medicaid has assigned a unique, Level II product reimbursement code under the Healthcare Common Procedure Coding System for use in 2020. HCPCS code K1004 will help facilitate reimbursement for the use of PainShield.
|
CORV | Hot Stocks08:08 EST Correvio presents new data from SPECTRUM study evaluating Brinavess - Correvio announced the presentation of new data from the SPECTRUM study evaluating Brinavess, the company's antiarrhythmic drug for the rapid conversion of recent onset atrial fibrillation in the emergency department setting at the American Heart Association 2019 Annual Meeting taking place November 16-18, in Philadelphia. SPECTRUM was conducted as part of the follow-up measures agreed to with the European Medicines Agency in 2010 and enrolled 2,009 treatment episodes in 53 participating hospitals in the EU. Brinavess was administered in the emergency department in 64.2% of cases. In this post hoc analysis, 1,289 Brinavess treatment episodes in 1,120 unique patients in the emergency departments were assessed. The data demonstrated that treatment with Brinavess successfully converted 70.2% of all treated episodes. Treatment with Brinavess also showed a median time to conversion of 12 minutes from start of first infusion among patients who converted. The median length of stay was 7.5 hours in that setting. Only 13% of these emergency department patients remained in hospital for greater than 24 hours. In the safety results, there were a total of 12 serious adverse events of special interest in 11 patients, the most common of which was significant bradycardia, one of which was associated with significant hypotension; two 1:1 atrial flutter, one of which was originally differentially evaluated as sustained ventricular tachycardia. No serious Brinavess-related AEs resulted in clinical sequelae and no deaths nor cases of torsades de pointes were reported in the study. A New Drug Application for Brinavess is currently under review by the U.S. FDA for the conversion of adult patients with recent onset AF. The FDA assigned a target action date of December 24 under the Prescription Drug User-Fee Act. The FDA's Cardiovascular and Renal Drugs Advisory Committee is scheduled to review the data supporting Correvio's NDA on December 10.
|
EROS... | Hot Stocks08:08 EST Eros International entertainment platform announces collaboration with YouTube - Eros Now, a South Asian OTT entertainment platform with more than 177M registered users owned by Eros International (EROS), announced a collaboration with YouTube (GOOG) Music in India. As part of the collaboration, a special Eros Now subscription package priced at 99 Indian Rupees for 90 days will be made available to all new subscribers of YouTube Music premium and Google Play Music in India. At the end of the three month introductory offer, the customer will be charged separately as per prevailing plans for Eros Now and INR 99 per month for YouTube Music Premium. With Eros Now's content library of 12,000+ movies, TV shows and short-format content, users will also get access to YouTube Music's catalogue including tracks in English, Hindi and nine other Indian languages.
|
SVRA | Hot Stocks08:07 EST Savara appoints Badrul Chowdhury, M.D., Ph.D as Chief Medical Officer - Savara (SVRA) announced the appointment of Badrul Chowdhury, M.D., Ph.D., to the newly created position of Chief Medical Officer, effective immediately. Dr. Chowdhury will be Savara's senior physician overseeing the medical and regulatory strategy of the Company's investigational programs from late-stage development through to approval. He will also provide oversight of medical affairs and patient safety across the portfolio. Dr. Chowdhury joins Savara from AstraZeneca (AZN), where he was Senior Vice President, Chief Physician-Scientist for Respiratory, Inflammation, and Autoimmunity Late Stage Development, in Biopharmaceuticals R&D.
|
ITGR NVTR | Hot Stocks08:06 EST Integer updates 2019 guidance following Nuvectra Chapter 11 filing - Integer Holdings Corporation (ITGR) announced the following related to the Chapter 11 filing of Nuvectra Corporation (NVTR), a customer of Integer, on November 12, 2019: Estimated 4Q19 asset impairment charge and other costs of approximately $24M pre-tax, primarily non-cash ; Lowered 2019 sales guidance by $12M on the low and high end of range; lowered 2019 GAAP income and earnings per share guidance, but no change in non-GAAP adjusted EBITDA, adjusted income and adjusted EPS guidance; The Nuvectra bankruptcy filing does not change Integer's prior view of its 2020 sales outlook.Integer will incur an estimated $24M in pre-tax asset impairments and related charges, primarily non-cash and related to inventory, supplier obligations and accounts receivable. These charges will impact Integer's GAAP financial results, thereby reducing GAAP income guidance by $19M. The revised GAAP income range is expected to be $87M to $91M and GAAP EPS of $2.65 to $2.75. These impairment and related charges will be excluded from Integer's non-GAAP adjusted results to provide investors a more comparable view of Integer's operating performance for 2019 and to serve as a baseline for 2020. Nuvectra communicated to its vendors to "cease providing all products" under its court-supervised process. This lowers Integer's fourth quarter sales outlook by $12M, which is now expected to be at the low end of a revised sales guidance range of $1,253M to $1,268M for full year 2019. The $12M reduction in 4Q19 Nuvectra sales would be expected to negatively impact Integer's adjusted EBITDA by approximately $4Mn. However, through continued progress in its manufacturing excellence strategic imperative and operating expense management in the fourth quarter, the company maintains its prior adjusted EBITDA guidance range of $282M to $286M though it expects to be on the low end of that range. The adjusted EPS guidance also remains unchanged at $4.55 to $4.65. The Nuvectra bankruptcy filing does not change Integer's prior view of its 2020 sales outlook. Integer still expects to grow at "market growth rates" in total but is reducing the impact of the neuromodulation market slow down and supply agreements to a $10M headwind in 2020, down from a $20M headwind outlined in its third quarter earnings call on October 31, 2019. Integer's prior 2020 sales outlook had already considered the full range of potential outcomes of Nuvectra's announced "strategic alternatives" evaluation disclosed in August 2019. Integer intends to preserve its rights and pursue available legal remedies to recover any losses suffered as a result of Nuvectra's Chapter 11 filing.
|
AER EADSY | Hot Stocks08:05 EST AerCap, EGYPTAIR agree on converting seven leases for Airbus A320neos - AerCap (AER) and EGYPTAIR announced they have signed documents converting seven leases for Airbus A320neos into leases for seven Airbus (EADSY) A321neos. The announcement was made during the 2019 Dubai Airshow in the presence of EGYPTAIR Holding Company Chairman & CEO Captain Ahmed Adel, EGYPTAIR Airlines Chairman & CEO Captain Ashraf Elkhouly, AerCap CEO Aengus Kelly and AerCap President & Chief Commercial Officer Philip Scruggs. AerCap is the world's largest Airbus A320neo Family lessor, with 270 owned and on order.
|
SIX | Hot Stocks08:04 EST Six Flags increases quarterly dividend 1% on annualized basis to 83c per share - Six Flags announced that its board of directors declared a Q4 cash dividend of 83c per share of common stock payable to shareholders of record as of November 29. The dividend will be paid December 9. The new dividend represents a 1% increase on an annualized basis, and the company's tenth increase over the last nine years. Since 2010, the company has returned more than $3.7B to shareholders in the form of dividends and share repurchases.
|
PATK | Hot Stocks08:02 EST Patrick Industries: Andy Nemeth to succeed Todd Cleveland as CEO - Patrick Industries announced that Andy Nemeth, President will succeed Todd Cleveland as CEO, effective January 1, 2020 in accordance with the company's executive succession plan. Nemeth will continue in his role as President and a director of the company. Cleveland will become Executive Chairman and will continue to lead the Board of Directors while working closely with Nemeth and the senior leadership team. Prior to assuming the position of President in 2016, Nemeth was Executive Vice President of Finance, Secretary-Treasurer and Chief Financial Officer from 2004 to 2015, Vice President of Finance, Chief Financial Officer, and Secretary-Treasurer from 2003 to 2004, and Secretary-Treasurer and Chief Financial Officer from 2002 to 2003. Nemeth joined the company in 1996.
|
AER BA | Hot Stocks07:59 EST AerCap, EGYPTAIR execute leases for two Boeing 787-9 aircraft - AerCap (AER) and EGYPTAIR announced they have executed long-term operating leases for two Boeing (BA) 787-9 aircraft. The aircraft are from AerCap's order book with Boeing and the first unit is scheduled to deliver in 2021 with the second unit delivering in 2022. In October 2017, EGYPTAIR placed an order with AerCap for six 787-9 aircraft, all of which were delivered to the airline in 2019.
|
BSGM | Hot Stocks07:54 EST BioSig announces launch of Alliance for Advancing Bioelectronic Medicine - BioSig Technologies announced that the Company supported the launch of the Alliance for Advancing Bioelectronic Medicine, an independent network of professionals united to support bioelectronic medicine. The alliance grew out of an invitation-only roundtable and working group that BioSig organized earlier this year, at which a group of researchers, entrepreneurs, and healthcare experts agreed on the need for a collaborative effort to create a shared vision for bioelectronic medicine. The Alliance for Advancing Bioelectronic Medicine aims to play a unique convening role, mobilizing patients, physicians, and other stakeholders to advocate for the field, and increasing awareness among audiences that are important for the field's growth, including policymakers, investors, media, and the general public. Its steering committee includes experts with experience at the Mayo Clinic, the Heart Rhythm Society, the European Heart Rhythm Association, The Feinstein Institute, RAND Corporation, Battelle, Imperial College London, and Sheba Medical Center.
|
LORL | Hot Stocks07:52 EST Telesat Canada announces proposed amendment to existing credit agreement - Telesat Canada announced that it entered into discussions on November 15, 2019 to amend its existing credit agreement, dated March 28, 2012, among Telesat and Telesat LLC, as borrowers, the guarantors party thereto, the lenders party thereto from time to time, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent for the secured parties and the other financial institutions party thereto. The proposed amendment would extend the maturity of the Term Loan B facility and the Revolving facility under the Existing Credit Agreement, as well as make certain other amendments. As of September 30, 2019, the Borrowers had approximately $2.3B outstanding under the Term Loan B facility and up to $200M available under the Revolving facility. In connection with the amendment, Telesat expects to repay a portion of the Term Loan B borrowings. Telesat also announced that, together with Telesat LLC, as co-issuer, it intends to issue $500M of senior secured notes due 2027 secured by a first priority lien on the collateral that secures the Existing Credit Agreement. Telesat intends to use the net proceeds from the proposed offering of Senior Secured Notes to repay a portion of the Term Loan B borrowings outstanding under the Existing Credit Agreement and pay related fees and expenses. Privately held, Telesat's principal shareholders are Canada's Public Sector Pension Investment Board and Loral Space & Communications.
|
SIGA | Hot Stocks07:48 EST SIGA announces release of advanced contract award notice to support TPOXX filing - SIGA Technologies announced that the Canadian Department of National Defence has issued an advanced contract award notice, indicating that it intends to award a contract to fund regulatory filing with Health Canada for approval of oral TPOXX. The ACAN is required to remain open for approximately 15 days, during which time a potential alternative supplier who meets the ACAN requirements for a smallpox anti-viral therapy that has been approved by national regulatory authority may submit a competing Statement of Capabilities. SIGA is the only company currently able to fulfill this requirement. On July 13, 2018, the FDA approved oral TPOXX for the treatment of smallpox to mitigate the impact of a potential outbreak or bioterror attack. TPOXX, a small-molecule antiviral treatment for smallpox, is the first therapy specifically approved for this indication, and was developed through funding and collaboration with the Biomedical Advanced Research and Development Authority at the U.S. Department of Health and Human Services, as well as early stage development supported by the National Institutes of Health, U.S. Centers for Disease Control and Prevention, and Department of Defense. The US currently maintains a stockpile of 1.7 million courses of TPOXX.
|
SINT | Hot Stocks07:46 EST Sintx Technologies CEO says company has 'enormous potential and a bright future' - CEO B. Sonny Bal said, "The key goals as we head into 2020 are to maintain our leadership in silicon nitride technology and develop new OEM revenue opportunities through strategic initiatives. We will maintain fiscal discipline, while making progress toward break-even cash flow. With multiple interested partners scrutinizing the Company, established investment banking relationships, a broad technology portfolio, an array of new technologies under development, and an experienced team, we believe that SINTX Technologies has enormous potential and a bright future."
|
ITRM | Hot Stocks07:40 EST Iterum Therapeutics completes enrollment in Phase 3 trial of oral, IV sulopenem - Iterum Therapeutics announced the completion of patient enrollment in its Sulopenem for Resistant Enterobacteriaceae 2 clinical trial in complicated urinary tract infections. This multi-center, double-blind clinical trial is measuring efficacy, tolerability, and safety of IV and oral sulopenem for the treatment of cUTI in adults. Patients are randomized to receive either IV sulopenem once daily for a minimum of five days followed by oral sulopenem/probenecid twice daily to complete 7-10 days of treatment, or IV ertapenem once daily for a minimum of five days followed by oral ciprofloxacin twice daily or, for those patients with a baseline pathogen resistant to ciprofloxacin, to amoxicillin/clavulanate twice daily.
|
ACRGF | Hot Stocks07:38 EST Acreage to acquire Compassionate Care Foundation of New Jersey - Acreage Holdings announced that on November 15, certain of its subsidiaries and Compassionate Care Foundation, a New Jersey vertically integrated cannabis nonprofit corporation, entered into a Reorganization Agreement, pursuant to which Acreage will acquire 100% of the equity interests in CCF, and subsequently consolidate their financials. Closing of the transaction is subject to state approval.
|
CPE CRZO | Hot Stocks07:37 EST Paulson & Co. drops opposition to proposed Callon, Carrizo Oil & Gas meger - Paulson & Co., as manager of funds holding shares of Callon Petroleum (CPE), announced it no longer opposes the proposed acquisition of Carrizo Oil & Gas (CRZO) and will vote its shares in favor of the transaction. The revised merger terms provide substantial benefits to Callon shareholders. The revision reduces the exchange ratio from 2.05 to 1.75, reduces the premium paid to Carrizo from 25% to 6.7%, lowers the authorized share request from 750M to 525M, and eliminates the golden parachute entitlement to Callon management. While Paulson believes that a pure Permian focused producer would be a more attractive alternative, Paulson respects that different shareholders might have different viewpoints on this matter. As such, although Paulson no longer opposes the transaction, it has reduced its investment position in Callon.
|
SMRT | Hot Stocks07:37 EST Stein Mart launches fine jewelry department in 51 stores - Stein Mart announced it has launched a fine jewelry department in 51 stores and online, as well as a key item fine jewelry program in all stores. This news follows the company's announcement of its new Kids department. The fine jewelry collection, called "Stein Mart Jewel Box", features beautiful diamonds, pearls, 14K gold, gemstones and designer branded jewelry with prices ranging from $200 to $5000. At 40-60% off competitors' prices, Stein Mart's fine jewelry is sure to satisfy any shopper's desire for luxury at an exceptional value. While currently available in select stores and online, the company plans to roll out the full assortment to more doors in 2020. Stein Mart has also introduced a key item fine jewelry program in all stores. The key item assortment is composed of genuine diamond and sterling silver pieces priced under $200, all perfectly boxed for gifting. Stein Mart has partnered with Unique Designs, a New York based international fine jewelry manufacturer and wholesaler, for its fine jewelry needs.
|
IBP | Hot Stocks07:37 EST Installed Building Products acquires Premier Building Supply - Installed Building Products announced the acquisition of Premier Building Supply. Founded in 2009, Premier is headquartered outside of Provo, Utah with additional locations in Lindon and Salt Lake City. The company provides insulation and garage door installation services primarily for new residential customers. "With three locations and approximately $23 million of annual revenue, Premier significantly expands our presence in Utah," stated Jeff Edwards, chairman and CEO. "Utah is an attractive housing market and I am excited to grow IBP's presence within the state. With the acquisition of Premier, we have acquired over $59 million of annual revenues to date, which primarily consists of insulation installers. Acquisitions remain a key component of our growth plan and we continue to have a robust pipeline of acquisition opportunities across multiple geographies, products and end markets."
|
SBBP | Hot Stocks07:35 EST Strongbridge Biopharma expects cash to fund operations through 2Q21 - The Company had $79.6M of cash and cash equivalents and no debt outstanding as of September 30, 2019; and the Company extended its cash runway guidance by at least three months, and now believes it can fund operations as currently planned through the second quarter of 2021.
|
SBBP | Hot Stocks07:34 EST Strongbridge eliminates approx. 15 positions through headcount reduction - Strongbridge Biopharma announced that the Company is eliminating approximately 15 positions through a reduction in headcount across the organization. This reduction is in addition to the previously announced elimination of all commercial costs related to MACRILEN, including the approximately 23 Strongbridge field-based positions related to the MACRILEN sales efforts, effective December 1, 2019. Collectively, the total reduction of overall employee headcount is approximately 38 positions, or 34% Strongbridge intends to optimize its resources for completing the development of RECORLEV and continuing to grow KEVEYIS, and expects to realize an estimated annualized cost savings of approximately $4.2M beginning in 2020 based upon the elimination of these 15 positions. The Company estimates that it will incur approximately $1.4M for severance and other costs related to this action. Strongbridge also announced the appointment of Garheng Kong, M.D., Ph.D., to Lead Independent Director of the Company's Board of Directors. Kong is founder and managing partner of HealthQuest Capital and has served as a member of Strongbridge's board of directors since September 2015.
|
RFL | Hot Stocks07:32 EST Rafael Holdings says approved for listing on New York Stock Exchange - Rafael Holdings announced that it has been approved for listing on the New York Stock Exchange. The company anticipates that its Class B common stock will begin trading on the NYSE on November 21 with its current ticker symbol "RFL." The stock will continue trading on the NYSE American through the close of trading on November 20.
|
AXGT | Hot Stocks07:31 EST Axovant granted FDA orphan drug designation for AXO-AAV-GM1 - Axovant Gene Therapies announced that the U.S. Food and Drug Administration has granted orphan drug designation for the Company's investigational gene therapy, AXO-AAV-GM1, for the treatment of GM1 gangliosidosis. GM1 gangliosidosis is a progressive and fatal pediatric lysosomal storage disorder caused by mutations in the GLB1 gene leading to impaired production of the beta-galactosidase enzyme. The Company is planning to complete enrollment of patients in Part A of the AXO-AAV-GM1 registrational program evaluating safety and efficacy and expects to announce 6-month data from Part A in mid-2020.
|
OPRA | Hot Stocks07:26 EST OPay raises $120M from investors in series B funding round - OPay announced that it raised $120M of series B funding, less than 6 months after it announced its last funding round of $50M in June. The company, which was incubated by Opera, is a mobile wallet and motorbike ridesharing provider, and is rapidly expanding. Series B investors included Meituan-Dianping, DragonBall Capital, GaoRong Capital, Source Code Capital, SoftBank Ventures Asia, Bertelsmann Asia Investments, Redpoint China, IDG Capital, Sequoia Capital China and GSR Ventures. The company plans to use the new capital to further accelerate its expansion across its multiple verticals, as well as entering new African markets. OPay launched its mobile payment service in August 2018, creating an infrastructure on which the company is now adding new services. Since its Series A funding, OPay tripled its active agents to over 140,000 and saw daily transaction volumes doubling to exceed $10M per day.
|
GILT | Hot Stocks07:17 EST Gilat Satellite signs contract with SES to develop O3b mPOWER MEO system - Gilat Satellite Networks announced that it has reached a landmark with the selection by SES for development and deployment of a global multiple application VSAT platform for its O3b mPOWER Medium Earth Orbit communications system. This multi-million-dollar contract establishes Gilat as a significant Non-Geostationary Orbit player through the technological innovation of its multi-orbit GEO/NGSO platform.
|
BVXV | Hot Stocks07:16 EST BiondVax says enrollment in Phase 3 trial of M-001 influenza vaccine complete - BiondVax announced that enrollment and randomization of 12,463 participants in the pivotal, clinical efficacy, Phase 3 trial of the M-001 universal influenza vaccine candidate is complete.
|
NBRV | Hot Stocks07:13 EST Nabriva Therapeutics 'commends' CDC on 2019 antibiotic resistance threats report - Nabriva Therapeutics emphasized the significance of the new updated report from the Centers for Disease Control and Prevention concerning the rise of antibiotic resistance. The company said, "Nabriva specifically commended the CDC for recognizing the need to do more in the community setting where rapid detection and prevention strategies can help curb the "serious threat" of drug-resistant Streptococcus pneumoniae. XENLETA, the first oral and IV treatment in the pleuromutilin class, is indicated for the treatment of adults with community-acquired bacterial pneumonia which affects more than five million Americans. CABP is associated with significant morbidity and mortality, and XENLETA provides a critically needed alternative treatment option to reduce the growing resistance to commonly prescribed treatments for this serious infectious disease...Given the increasing rate of drug resistance to macrolides and safety concerns related to fluoroquinolones and beta-lactams, XENLETA offers CABP patients an effective and well tolerated alternative treatment option with the potential to address the limitations of existing agents. XENLETA has a novel mechanism of action that targets a binding site on bacteria that is different from existing antibiotics which has been shown to result in no cross resistance to other antibiotic classes commonly prescribed for CABP and a low potential for the development of resistance. XENLETA is also convenient for patients being treated in the hospital, transitioning treatment out of the hospital or initiating treatment in the community."
|
PZG | Hot Stocks07:11 EST Paramount Gold submits permit application for proposed Grassy Mountain project - Paramount Gold Nevada announced that Calico Resources USA Inc., Paramount's wholly owned subsidiary, has officially submitted its Consolidated Permit Application to the Oregon Department of Geology and Mineral Industries to enable the Company to build and operate its proposed, high grade underground gold mine located in Malheur County of eastern Oregon. The Application will be reviewed by the DOGAMI and cooperating agencies for completeness. Under Oregon law, the State has 90 days for the completeness review of the Application. When the Application is deemed complete, the State will issue a notice to proceed with the evaluation stage of the process. The State then has 225 days to review the Application, complete environmental and socioeconomic assessments, and issue draft permits. Following issuance of draft permits, DOGAMI has a maximum of 140 days to complete the public process and issue the final permits. Paramount has received final approval from the County of Malheur for all the required county permits including the key Conditional Use Permit. At the State level, Paramount has received acceptance for all 19 of the baseline data reports that it submitted. As reported in June, Paramount has initiated a NI 43-101 Feasibility Study for the Grassy Mountain Project. The Feasibility Study is being led by Ausenco Engineering Canada Inc. with expected completion in mid-2020. The permits and the Feasibility Study will provide the basis for Paramount to secure project financing for mine construction and operation.
|
VRTX MTEM | Hot Stocks07:08 EST Vertex, Molecular Templates collaborate for targeted conditionining regimens - Vertex Pharmaceuticals (VRTX) and Molecular Templates (MTEM) announced that the two companies have entered into a strategic research collaboration to discover and develop novel targeted conditioning regimens that may enhance the hematopoietic stem cell transplant process, including transplants conducted as part of treatment with ex vivo CRISPR/Cas9 gene editing therapies such as CTX001. CTX001 is currently being evaluated in two ongoing Phase 1/2 studies in patients with transfusion-dependent beta thalassemia and severe sickle cell disease, where a hematopoietic stem cell transplant is required as part of treatment with CTX001. The collaboration will seek to discover a new conditioning regimen utilizing MTEM's engineered toxin body platform, which is designed to specifically target and remove specific cells to enable successful engraftment of new cells. Under the collaboration, MTEM will conduct research activities for the use of ETBs for up to two targets selected by Vertex. The initial research will be focused on discovering a novel conditioning regimen using MTEM's ETB technology platform. In addition, Vertex has an option to select a second target as part of the collaboration. Upon designation of a clinical development candidate that emerges from the research efforts, Vertex has the option to exclusively license molecules against the designated target. Vertex will have exclusive rights to develop molecules that emerge from the research program for any indication. Vertex will make an up-front payment of $38M to MTEM, including an equity investment. MTEM is also eligible to receive future development, regulatory and sales milestones and option payments of up to $522M and tiered royalty payments on future sales.
|
ADUS | Hot Stocks07:08 EST Addus HomeCare provides update on operations in Illinois markets - Addus HomeCare provided an update on the federal Centers for Medicare and Medicaid Services approval of the State of Illinois budgeted rate increases and its expected impact on the company's operations in its Illinois markets. On November 15, the State of Illinois received and announced official CMS approval for both rate increases, with the first increase to be effective on December 1, 2019, and the second increase to be effective on January 1, 2020. The State of Illinois previously had finalized its fiscal year 2020 budget with the inclusion of an appropriation to raise in-home care rates to offset the costs of previous minimum wage increases in Chicago and other areas of the state that were imposed beginning on July 1, 2018. These rates were originally set to be effective July 1, 2019, with in-home care rates to be initially increased by 10.9% to $20.28 from $18.29 to partially offset the costs of the minimum wage hikes and then further increased on January 1, 2020 by an additional 7.7% to $21.84, providing full funding for both the Chicago minimum wage increases and a statewide raise for all current in-home caregivers. While the State of Illinois had required managed Medicaid plans to honor these rates as scheduled, it needed to receive CMS approval in advance of implementing new rates in the state Medicaid program.
|
ORTX | Hot Stocks07:06 EST Orchard Therapeutics granted EMA accelerated assessment for OTL-200 - Orchard Therapeutics announced that the Committee for Medicinal Products for Human Use of the European Medicines Agency has granted an accelerated assessment for OTL-200, a gene therapy in development for the treatment of metachromatic leukodystrophy in partnership with the San Raffaele-Telethon Institute for Gene Therapy in Milan, Italy.
|
MYSZ | Hot Stocks07:05 EST MySize announces one-for-fifteen reverse stock split - My Size announced that its Board of Directors has approved a one-for-fifteen reverse stock split of its common stock that is scheduled to become effective after trading closes on November 18. Beginning on November 19, the company's common stock will trade on the Nasdaq Capital Market on a split adjusted basis under a new CUSIP number 62844N 208. The company's common stock will continue to trade on the Nasdaq Capital Market under the symbol "MYSZ." As previously disclosed, at the My Size Annual Meeting of Stockholders held on August 5, the company's stockholders approved a proposal authorizing the company's Board of Directors, among other things, to effect a reverse stock split at a ratio in the range of 1-for-2 and 1-for-30 in order to increase the per share price and bid price of the company's common stock to regain compliance with the continued listing requirements of Nasdaq and make the common stock more attractive to certain institutional investors, which would provide for a stronger investor base.
|
SDI TPB | Hot Stocks07:05 EST Standard Diversified intends to pursue merger with Turning Point Brands - Standard Diversified (SDI) announced that it intends to pursue a merger with Turning Point Brands (TPB) of which the company held a 50.1% interest as of September 30. Pursuant to the proposed transaction, which would be a statutory merger implemented via Delaware law and which is intended to constitute a tax-free "downstream reorganization" for U.S. federal income tax purposes, the company would be merged with and into a wholly owned subsidiary of Turning Point with Turning Point as the survivor of the merger. Pursuant to the merger, holders of the company's common stock would receive, in return for their company common stock, shares of the common stock of Turning Point. The details and timing of the proposed merger have not yet been determined, and there can be no assurance that any definitive agreement will be executed or that any transaction will be approved or consummated. The company's board intends to form a special committee of independent directors to engage in discussions with Turning Point. The proposed transaction is subject to the approval of the company's board and stockholders, and also Turning Point's requisite approval. Prior to the consummation of the proposed merger, the company plans to divest all assets and liabilities of the company other than its interest in Turning Point. This includes the disposition of the company's interest in Maidstone, through a disposition to the New York State Department of Financial Services. The company also intends to dispose of its out-of-home advertising business, conducted through its subsidiary Standard Outdoor LLC, in a transaction not yet finalized.
|
GPOR | Hot Stocks07:04 EST Gulfport Energy says chairman David Houston will not seek re-election - The Company announced that two of its Board members, Craig Groeschel and Scott E. Streller, will step down from the Board by year-end. Furthermore, the Chairman of the Board, David L. Houston, has decided not to seek re-election at the Company's next 2020 annual meeting. The Company has been working with a leading nationally recognized search firm to identify and evaluate new independent director candidates in an effort to ensure that shareholders are represented by fresh, diverse voices with strong expertise and qualifications.
|
GPOR | Hot Stocks07:03 EST Gulfport Energy suspends share repurchase program, completes headcount reduction - Gulfport Energy Corporation provided an update on shareholder value initiatives and its ongoing Board refreshment process. The shareholder value initiatives include a continuation of discounted debt repurchases and a suspension of its share repurchase program, as well as a 13% reduction in headcount as part of the Company's overall cost reduction program. Gulfport announced that it has recently repurchased $40.9M in face value of unsecured senior notes for $29.2M in cash proceeds. These repurchases are in addition to the $104.4M in unsecured senior notes repurchased during the third quarter of 2019 for $80.3M. The Company plans to continue to pursue discounted repurchases of its unsecured senior notes, which allow the Company to reduce its overall debt burden, improve cash flow through reduced interest expense and capture discounts that result in value accretion to shareholders. In light of current market conditions and a weak near-term gas price outlook, Gulfport has suspended its previously announced share repurchase program. The Company believes this action will enable the Company to maintain a stronger balance sheet, leverage profile and ample liquidity. The share repurchase program may be reactivated in the future depending on the Company's projected leverage profile, commodity price outlook and market conditions. In an effort to improve profitability and better align the Company's cost structure with the current depressed commodity price environment, Gulfport also recently completed a workforce reduction representing approximately 13% of its headcount. The Company continues to look for opportunities to improve its efficiency across the organization going forward.
|
LAD | Hot Stocks07:03 EST Lithia Motors promotes Chris Holzshu to COO - Lithia Motors announced that Chris Holzshu, Executive Vice President, has been promoted to COO. This promotion is part of the organization's redesign to further accelerate Lithia's growth while also realizing the substantial earnings potential in its existing store base.
|
ALKS | Hot Stocks07:03 EST Alkermes to acquire Rodin Therapeutics - Alkermes and Rodin Therapeutics announced that they have entered into a definitive agreement under which Alkermes will acquire Rodin, a privately held biopharmaceutical company focused on developing novel, small molecule therapeutics for synaptopathies. This transaction builds on Alkermes' experience in central nervous system diseases and expands Alkermes' CNS development efforts into a wide range of neurodegenerative disorders. Rodin has been working to develop first-in-class, orally-available, brain-permeable therapeutics for synaptopathies by designing molecules that target specific histone deacetylase complexes. Selective inhibition of the HDAC-co-repressor of repressor element-1 silencing transcription factor complex is believed to reactivate neuronal gene expression, strengthen existing synapses and promote the creation of new synapses, while minimizing known class-based hematologic safety concerns. Alkermes intends to advance Investigational New Drug-enabling activities for lead preclinical assets in the Rodin development candidate portfolio, potentially prioritizing those ahead of future clinical development of Rodin's initial clinical candidate. Alkermes also plans to continue Rodin's preclinical research program focused on the subset of frontotemporal dementia patients with an inherited mutation of the progranulin gene and exploratory work in hematological disorders and oncology. Alkermes expects to incur approximately $20M of incremental Research & Development expenses in 2020 related to the advancement of Rodin's development candidates. Alkermes will provide its complete 2020 financial expectations in February 2020. Under the terms of the definitive agreement, and subject to the conditions and adjustments set forth therein, Rodin's security holders will receive an upfront cash payment of $100M upon the closing of the transaction and will be eligible to receive future payments of up to $850M upon achievement by Rodin's development candidates of certain specified clinical and regulatory milestones, and attainment of certain sales thresholds. The upfront cash payment is expected to be funded by Alkermes' available cash and accounted for as an asset acquisition, with substantially all of the upfront payment recorded as R&D expense. Alkermes expects to complete the transaction by the end of November 2019.
|
ALKS | Hot Stocks07:01 EST Alkermes to acquire Rodin Therapeutics -
|
PLX | Hot Stocks06:57 EST Protalix, Chiesi announce results from pre-BLA meeting with FDA for PRX-102 - Protalix, and its development and commercialization partner Chiesi, announced that they have completed a Type B pre-biologics license application, or BLA, meeting with the FDA regarding the accelerated approval pathway for pegunigalsidase alfa, or PRX-102, for the treatment of Fabry disease. The company, together with Chiesi, met with the FDA on October 15 to discuss key information on pegunigalsidase alfa to be included in a proposed BLA filing under the accelerated approval pathway. The company and Chiesi report that they have reached alignment with the FDA on the accelerated approval pathway for pegunigalsidase alfa. The BLA, as expected to be submitted to the FDA, will include data from the company's completed phase I/II clinical trials of pegunigalsidase alfa and from its ongoing phase III BRIDGE clinical trial. The company and Chiesi also announced that they have reached an agreement with the FDA regarding the ongoing BALANCE study, as currently designed, serving as the confirmatory trial for PRX-102. A confirmatory trial is required to convert a BLA approved under accelerated approval into a traditional approval. The company and Chiesi expect to submit the BLA to the FDA by April of 2020. The FDA indicated that the nonclinical data, the clinical data, the safety database and manufacturing data are sufficient to support the BLA submission, and that no additional clinical trials will be required for the proposed BLA submission. The company and Chiesi expect that the fully electronic BLA submission will include a comprehensive set of preclinical, clinical and manufacturing related information on pegunigalsidase alfa. If approved, the company will be eligible to receive a milestone payment from Chiesi.
|
MDR | Hot Stocks06:57 EST McDermott awarded 'sizeable' technology, EBE contracts - McDermott announced it has been awarded a "sizeable" technology contract from Baltic Chemical Company and a "sizeable" Extended Basic Engineering, or EBE, contract from China National Chemical Engineering No. 7 Construction Company Limited, or CC7. The ethane cracking project is owned by Baltic Chemical Complex LLC, a subsidiary of RusGazDobycha. McDermott defines a sizeable contract as between $1M and $50M.
|
TSN | Hot Stocks06:57 EST Tyson beef plant in Kansas to resume operations in December - Following the August 9 fire that disrupted operations at its Holcomb, Kansas beef complex, Tyson Fresh Meats, the beef and pork subsidiary of Tyson Foods, announced reconstruction of the facility is near completion. Efforts to resume harvest operations will begin the first week of December, with intentions to be fully operational by the first week of January. "We recognize the disruption the fire caused for our suppliers and our customers and are more than pleased to announce we are in the final stages of reconstruction," stated Steve Stouffer, group president, Tyson Fresh Meats. "Our team is ready to begin the process of ramping back up, recognizing that there will be testing and adjustments over the first few weeks to ensure equipment functionality while maintaining our commitment to team member safety and food safety." The fire severely damaged a critical part of the plant containing the hydraulic and electrical systems that support the harvest floor and cooler areas. Reconstruction included completely replacing support beams and the roof, hydraulic piping and pumps, installing over 50,000 feet of new wiring and the reconstruction of all new electrical panel rooms and equipment. Since the fire, cattle have been diverted to the company's other beef facilities, where they were able to offset some of the production volume losses, to try and help mitigate disruption to cattle producers and customers, and the company has continued to pay active, full-time team members for 40 hours per week. Team members have been instrumental in helping with clean-up and the reconstruction process. Tyson Fresh Meats plans to resume receiving cattle at the Holcomb facility the first week of December.
|
UBSI... | Hot Stocks06:54 EST United Bankshares, Carolina Financial to merge in $1.1B transaction - United Bankshares (UBSI) and Carolina Financial (CARO) announced that they have entered into a definitive merger agreement. The combined organization will be approximately $25B in assets and will rank in the top 35 largest banks in the U.S. based on market capitalization. United will acquire 100% of the outstanding shares of Carolina Financial in exchange for common shares of United. The exchange ratio will be fixed at 1.13 of United's shares for each share of Carolina Financial, resulting in an aggregate transaction value of approximately $1.1B. The merger agreement has been unanimously approved by the boards of directors of both companies. The merger is expected to close in the second quarter of 2020, subject to satisfaction of customary closing conditions, including receipt of customary regulatory approvals and approval by the stockholders of both companies. Carolina Financial will merge into United, and CresCom will merge into United Bank, with United and United Bank being the surviving entities. Carolina Financial's pending acquisition of North Carolina-based Carolina Trust BancShares (CART) is expected to close prior to year-end 2019.
|
UBSI CARO | Hot Stocks06:51 EST United Bankshares, Carolina Financial to merge in $1.1B transaction
|
BA | Hot Stocks06:51 EST SunExpress exercises option to purchase 10 additional Boeing 737 Max 8 jets - SunExpress and Boeing announced that SunExpress is exercising options for 10 additional Boeing 737 Max 8 airplanes to continue renewing its fleet. The purchase, valued at $1.2B according to list prices, adds to a previous SunExpress order for 32 Max airplanes. The 737 Max 8 is part of a family of airplanes that offer 130 to 230 seats and the ability to fly up to 3,850 nautical miles.
|
PFE ABBV | Hot Stocks06:50 EST Pfizer announces FDA approval of biosimilar ABRILADA - Pfizer (PFE) announced the U.S. FDA has approved ABRILADA as a biosimilar to Humira for the treatment of certain patients with rheumatoid arthritis, juvenile idiopathic arthritis, psoriatic arthritis, ankylosing spondylitis, adult Crohn's disease, ulcerative colitis and plaque psoriasis. The company said, "Pfizer is working to make ABRILADA available to U.S. patients as soon as feasible based on the terms of our agreement with AbbVie (ABBV). Our current plans are to launch in 2023. We will provide further updates as the date approaches."
|
COT | Hot Stocks06:50 EST Cott Corp. to acquire The Water Guy, terms not disclosed - Cott Corporation announced that DS Services of America, a wholly-owned subsidiary of Cott, acquired substantially all of the assets of WG America Company and certain affiliated companies (The Water Guy). "The acquisition of The Water Guy, a provider of water solutions and office coffee service to residential and commercial customers, will grow the customer base of DS Services by more than 7,500 in eastern and central Pennsylvania, northern Maryland, Delaware and New Jersey. The Water Guy has become one of the largest independent distributors in the mid-Atlantic since its founding in 1990, growing its footprint and loyal customer base through organic growth and acquisitions."
|
EL | Hot Stocks06:47 EST Estee Lauder to acquire Dr. Jart+ - The Estee Lauder Companies announced that it has signed an agreement to acquire the shares that it does not already beneficially own in Have & Be Co. Ltd., the Seoul-based, global skin care company behind Dr. Jart+ and men's grooming brand Do The Right Thing. Expected to close in December 2019, the acquisition follows the company's December 2015 minority investment in Have & Be Co. Ltd. and is pursuant to an agreement made at that time. As one of the fastest growing skin care brands globally, Dr. Jart+ is expected to help further strengthen The Estee Lauder Companies' leadership position in skin care, and will especially help expand the company's consumer reach in Asia/Pacific, North America, the United Kingdom and travel retail. This is the company's first acquisition of an Asia-based beauty brand. Since December 2015, when the company initially invested in Have & Be Co. Ltd., Dr. Jart+ has experienced significant growth and is expected to reach more than $500M in net sales in calendar year 2019. Have & Be's total enterprise is valued at approximately $1.7B, and The Estee Lauder Companies has agreed to acquire the remaining two-thirds of Have & Be Co. Ltd., net of cash acquired and subject to certain post-closing adjustments. The company expects to fund this transaction with debt. The acquisition is subject to certain conditions, including regulatory approvals. In connection with the closing, the company expects to have a non-cash gain on its initial investment in Have & Be Co. Ltd.
|
EL | Hot Stocks06:45 EST Estee Lauder to acquire Dr. Jart+
|
HFC | Hot Stocks06:42 EST HollyFrontier targets expected dividend growth rate of ~5% per year - Over the next three years, HollyFrontier plans to review the dividend annually and target an expected dividend growth rate of approximately 5% per year.
|
HFC | Hot Stocks06:41 EST HollyFrontier to construct new RDU at its Artesia refinery - HollyFrontier plans to construct a new RDU at its Artesia refinery. The RDU will have a production capacity of approximately 125M gallons a year and allow HollyFrontier to process soybean oil and other renewable feedstocks into renewable diesel. This investment will provide HollyFrontier the opportunity to meet the demand for low-carbon fuels while covering the cost of our annual RIN purchase obligation under current market conditions. The RDU, along with corresponding rail infrastructure and storage tanks, is estimated to have a total capital cost of $350M, and is expected to be completed in the first quarter of 2022. The RDU will be funded with cash on hand and is expected to generate an internal rate of return between 20%-30%.
|
HFC | Hot Stocks06:40 EST HollyFrontier announces $1B share repurchase program - HollyFrontier's Board of Directors authorized a new $1B share repurchase program. This authorization replaces all existing share repurchase authorizations, of which there was approximately $281M remaining. Over the past 15 months, HollyFrontier has returned over $719M to shareholders under its previous share repurchase program and reduced the outstanding share count by 8%.
|
AVLR... | Hot Stocks06:38 EST Avalara names Jay Lee as Chief Marketing Officer - Avalara (AVLR) announced the appointment of marketing veteran Jay Lee as its new chief marketing officer. Lee brings more than two decades of marketing and business management experience to Avalara. He has overseen B2B strategic marketing and business development teams at some of the world's most recognizable companies including GE (GE) and American Express (AXP), and comes to Avalara from PayPal (PYPL), where he served as the global head of marketing for the company's Business Financing Solutions division.
|
TRMB STN | Hot Stocks06:36 EST Trimble announces David Barnes as new CFO - Trimble (TRMB) announced that David Barnes will be joining Trimble on December 2 and will serve as its CFO effective January 4, 2020. Barnes served as CFO at MWH Global, a provider of engineering and construction services. Following the sale of MWH to Stantec (STN), Barnes assumed operational responsibility for Stantec's businesses outside North America. With more than a decade of experience at MWH and Stantec, he developed an understanding of the needs of engineering and construction firms and their end customers. Barnes also brings an extensive background in corporate finance, treasury, financial planning and analysis, tax, investor relations, strategic planning and risk management.
|
SURF | Hot Stocks06:36 EST Surface Oncology files IND for CD39 targeted antibody candidate, SRF617 - Surface Oncology announced that it has submitted an Investigational New Drug application to the U.S. FDA to support the initiation of a phase 1/1b clinical study of SRF617. At an inaugural R&D day, the company will share progress across its portfolio including clinical development plans for SRF617 and SRF388, and preclinical data supporting its new development candidate, SRF813, which targets the recently identified checkpoint protein CD112R to promote natural killer and T cell activation.
|
AL EADSY | Hot Stocks06:35 EST Air Lease announces lease placement of six Airbus A321-200 with Air Transat - Air Lease (AL) announced lease agreements with Air Transat for six Airbus (EADSY) A321-200 aircraft. The aircraft will deliver to the airline beginning this month through December 2019.
|
AERI | Hot Stocks06:33 EST Aerie Pharmaceuticals to acquire Avizorex Pharma, S.L. in all-cash deal - Aerie Pharmaceuticals announced the signing of an agreement for the acquisition of Avizorex Pharma, S.L., a Spanish ophthalmic pharmaceutical company developing therapeutics for the treatment of dry eye disease. AVX completed a Phase 2a study in dry eye subjects earlier this year with its lead product candidate, AVX-012. The active ingredient in AVX-012 is a potent and selective agonist of the TRPM8 ion channel, a cold sensor and osmolarity sensor that regulates ocular surface wetness and blink rate. By stimulating these processes in a physiological manner, TRPM8 agonists have the potential to restore tear film stability and reduce discomfort in patients with dry eye. Positive results from the Phase 2a study support the therapeutic potential of AVX-012 to treat signs and symptoms of dry eye and Aerie is planning to initiate a larger Phase 2b study in late 2020. Under the terms of the Agreement, Aerie will acquire AVX Pharma in an all-cash transaction. Aerie will make an upfront payment of $10M, subject to customary adjustments, and AVX Pharma shareholders will be eligible to receive additional payments subject to achievement of certain clinical and regulatory performance milestones, plus royalties on net sales of approved products from AVX Pharma's development pipeline. In addition to AVX-012, Aerie will also be acquiring rights to other compounds targeting TRPM8. The parties expect to close the acquisition before the end of the year pending the completion of certain pre-closing obligations.
|
MRK BAYRY | Hot Stocks06:32 EST Merck, Bayer's vericiguat meets primary endpoint in Phase 3 study - Merck (MRK) announced that the Phase 3 VICTORIA study evaluating the efficacy and safety of vericiguat, a soluble guanylate cyclase stimulator being developed to treat patients with worsening chronic heart failure, has met the primary efficacy endpoint. Vericiguat reduced the risk of the composite endpoint of heart failure hospitalization or cardiovascular death in patients with worsening chronic heart failure with reduced ejection fraction compared to placebo when given in combination with available heart failure therapies. Vericiguat is being jointly developed with Bayer (BAYRY).
|
AERI | Hot Stocks06:30 EST Aerie Pharmaceuticals to acquire Avizorex Pharma, S.L. in all cash deal
|
VWAGY | Hot Stocks06:13 EST Volkswagen sees 2020 operating profit 6.5%-7.5% before items
|
CEO | Hot Stocks06:13 EST Cnooc appoints Wang Dongjin as chairman - Cnooc announced Wang Dongjin, an existing non-executive director of the company, has been appointed as chairman and chairman of the nomination committee of the company with effect from November 18. Wang no longer serves as vice chairman of the board.
|
VWAGY | Hot Stocks06:13 EST Volkswagen confirms strategic financial targets of Together 2025+ - The Volkswagen Group has in principle confirmed the strategic targets set out in its strategy Together 2025+ for operating return on sales, return on investment, capex ratio and R&D cost ratio, net cashflow and net liquidity within the Planning Round 68. "We are continuing to pursue our ambitious strategic financial targets for 2020 and 2025. We also confirm our outlook for 2019. The Volkswagen Group remains very robust in the face of increasingly difficult economic conditions. However, we will have to apply systematic cost discipline to reach our long-term goals," Frank Witter, the member of the Volkswagen Group Board of Management responsible for Finance and IT, said in describing the impact of Planning Round 68 on the strategic financial targets. In 2020, the operating profit before special items should remain at 6.5 percent to 7.5 percent. A level of 7 percent to 8 percent is being strived for by 2025. The return on investment in the Automotive Division should be between 12 percent and 14 percent from 2020 onwards and more than 14 percent starting in 2025. The Group will continue to pursue its strategic targets for the capex ratio and the R&D cost ratio. Each should be 6 percent from 2020 onwards. The aim is to achieve net cashflow of at least EUR 10 billion and a net liquidity in the Automotive Division of more than EUR 20 billion by then.
|
VWAGY | Hot Stocks06:12 EST Volkswagen confirms outlook for 2019 - The automaker previously forecast FY19 sales revenue to be up by up to 5% y/y.
|
OEC | Hot Stocks06:10 EST Orion Engineered says director Kerry Galvin buys 1,800 common shares - Orion Engineered announced that one director of its Board of Directors has purchased Orion stock. Kerry Galvin has purchased 1,800 common shares of the company, acquired at an average price of $19.445 per share.
|
DRNA NVO | Hot Stocks06:08 EST Dicerna, Novo Nordisk enter pact to develop RNAi therapies - Dicerna Pharmaceuticals (DRNA) and Novo Nordisk (NVO) announced an agreement to discover and develop novel therapies for the treatment of liver-related cardio-metabolic diseases using Dicerna's proprietary GalXC RNAi platform technology. The collaboration plans to explore more than 30 liver cell targets and may deliver multiple clinical candidates for disorders including chronic liver disease, non-alcoholic steatohepatitis, type 2 diabetes, obesity, and rare diseases. Dicerna will conduct and fund discovery and preclinical development to clinical candidate selection for each liver cell target, and Novo Nordisk will be responsible for all further development. The agreement represents a significant investment by Novo Nordisk to secure access to Dicerna's proprietary GalXC RNAi platform, which complements its existing technology base. The collaboration provides Novo Nordisk with the capability to inhibit hepatocyte targets involved in disease regulation and has the potential to generate a number of clinical development candidates. The agreement enables each company to co-develop and co-commercialize product candidates discovered under the collaboration. Novo Nordisk will lead programs targeting cardio-metabolic disorders and other indications with Dicerna having the option to opt into two programs during clinical development. Dicerna retains rights to initiate two new orphan liver disease programs for which Novo Nordisk can opt in. For all co-development programs, the companies will share in the profit/loss of net sales of products consistent with each company's contribution to co-development costs. Under the terms of the agreement, Dicerna will receive: An upfront payment of $175M; A $50M equity investment in Dicerna at a premium; $25M annually during each of the first three years of the collaboration, contingent on Dicerna delivering RNAi molecules for a defined number of targets; Up to $357.5M per target in development, regulatory, and commercialization milestone payments, plus tiered royalties on product sales ranging from the mid-single-digits to mid-teens. The transaction is subject to the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other customary conditions.
|
AVEO | Hot Stocks06:05 EST Aveo Pharmaceuticals presents new data from Phase 3 TIVO-3 trial of tivozanib - AVEO Oncology announced the presentation of updated data from the Phase 3 TIVO-3 trial. The data were presented on Saturday, November 16, 2019, at the 18th International Kidney Cancer Symposium in Miami, in an oral presentation titled "TIVO-3: A Phase 3 Study to Compare Tivozanib to Sorafenib in Subjects with Refractory Advanced Renal Cell Carcinoma Overall Survival 2-Year Update" by Sumanta Kumar Pal, M.D., Associate Clinical Professor, Department of Medical Oncology and Therapeutics Research, and Co-director, Kidney Cancer Program, at City of Hope Comprehensive Cancer Center. TIVO-3 is the company's Phase 3 randomized, controlled, multi-center, open-label study to compare tivozanib, the company's vascular endothelial growth factor receptor tyrosine kinase inhibitor, to sorafenib in 350 subjects with highly refractory metastatic RCC. As previously presented, results for the intent to treat population showed that tivozanib significantly improved progression free survival (PFS), the study's primary endpoint, and overall response rate compared to sorafenib, with responses to tivozanib more durable than sorafenib. Newly presented data include the recently announced interim overall survival hazard ratio of 0.99 within the ITT population, as well as results from two prespecified subgroup analyses of patients previously treated with a checkpoint inhibitor and a VEGF-TKI, or two VEGFR-TKIs. Superior PFS and ORR, as well as OS HRs below 1, favoring tivozanib, were observed in the prespecified subgroups. Tivozanib was shown to have lower overall rates of adverse events and fewer dose interruptions and reductions versus sorafenib, indicating better patient tolerability.
|
KRTX | Hot Stocks06:02 EST Karuna Therapeutics: KarXT met primary endpoint in Phase 2 trial - Karuna Therapeutics announced results from its Phase 2 clinical trial of KarXT for the treatment of acute psychosis in patients with schizophrenia. In the clinical trial, KarXT demonstrated a statistically significant and clinically meaningful 11.6 point mean reduction in total Positive and Negative Syndrome Scale score compared to placebo and also demonstrated good overall tolerability. A statistically significant reduction in the secondary endpoints of PANSS-Positive and PANSS-Negative scores were also observed. KarXT was well tolerated in the Phase 2 trial, with similar discontinuation rates between KarXT (20%) and placebo (21%). The number of discontinuations due to treatment emergent adverse events were equal in the KarXT and placebo arms. In the clinical trial, patients demonstrated a clinically meaningful and statistically significant 11.6 point mean reduction over placebo in total PANSS score, the trial's primary efficacy endpoint. The magnitude of the improvement with KarXT compares favorably to meta-analyses of published clinicals trials of currently approved antipsychotic medicines which reported an average difference of nine to ten points in PANSS score versus placebo. Historically, changes as small as five points have supported the approval of current antipsychotics.
|
SFTBF SFTBY | Hot Stocks06:00 EST SoftBank-backed Yahoo Japan set to merge with Naver's Line - SoftBank Group announced that its consolidated subsidiary SoftBank Corp., NAVER Corporation, Z Holdings Corporation, and LINE Corporation have reached agreement regarding the business integration on an equal basis of ZHD and its subsidiaries and LINE and its subsidiaries, and in accordance with the resolutions of the respective boards of directors of each of the four companies, including the resolution of the board of directors of SoftBank held on November 17, 2019 so authorizing its Representative Director, President and CEO, Miyauchi Ken, the resolution of the board of directors of NAVER held on November 17, 2019 so authorizing its CEO, Han Seong Sook, and the resolution of the board of directors of each of ZHD and LINE held today, have entered into a non-binding memorandum of understanding regarding a series of transactions relating to the Business Integration. As one step in the series of transactions to realize the Business Transaction, SoftBank and NAVER entered into a non-binding memorandum of understanding, dated November 18, 2019, and submitted anonbinding letter of intent, to the board of directors of LINE with a proposal to take LINE private by launching a joint tender offer by SoftBank and NAVER to acquire all of the outstanding common stock and others of LINE, excluding the shares, share options, and convertible bonds that are already owned by NAVER or by LINE as treasury shares, and certain other post-tend offer transactions. ZHD, the publicly listed integrated company following the Business Integration, is expected to be a consolidated subsidiary of SBG and SoftBank.
|
BA ERJ | Hot Stocks05:49 EST Boeing, Embraer announce JV to develop new markets for C-390 Millennium - Boeing (BA) and Embraer (ERJ) announced their joint venture to promote and develop new markets for the C-390 Millennium multi-mission airlift and air mobility aircraft will be called Boeing Embraer - Defense. The organization will only be operational after the companies' joint venture receives regulatory approvals and meets closing conditions. Embraer will have 51% ownership of Boeing Embraer - Defense, with Boeing holding the remaining 49%.
|
USB | Hot Stocks05:41 EST U.S. Bancorp subsidiary Elavon to acquire Sage Pay - Elavon, a subsidiary of U.S. Bancorp, has agreed to acquire Sage Pay, a payments gateway business in the United Kingdom and Ireland. Sage Pay is a division of The Sage Group. The agreement was signed on November 17 and is subject to regulatory approval.
|
YNDX | Hot Stocks05:37 EST Yandex announces $300M share repurchase program - Yandex announces that its board has authorized a repurchase of up to $300M worth of Class A shares of Yandex N.V. Such shares may be repurchased from time to time in open market transactions. The repurchase program will be in effect for up to twelve months.
|
JEF | Hot Stocks05:18 EST Jefferies to sell remaining 31% interest in National Beef to Marfrig for $970M - Jefferies Financial Group announced that it has entered into a definitive agreement to sell its remaining 31% interest in National Beef to Marfrig Global Foods. This follows our original sale to Marfrig of a 48% interest in National Beef in June 2018. Under the terms of this agreement, Jefferies will realize a total of $970M in cash, including $860M of proceeds from Marfrig and $110M from final distributions from National Beef. Closing is expected on or about November 30, subject to limited and customary closing conditions. The transaction will result in a pre-tax gain of approximately $210M being recognized by Jefferies. Our last published valuation of our remaining interest in National Beef was $903M as of May 31. Since that date, we have received $66M in distributions and now a further $970M for our remaining interest.
|
NIO | Hot Stocks05:16 EST NIO Inc. appoints Wei Feng as CFO - NIO Inc. announced that Mr. Wei Feng is joining the company as its new CFO, effective November 18. Feng served as managing director and head of the auto and auto parts research team at China International Capital.
|
F | Hot Stocks05:14 EST Ford announces all-electric Mustang Mach-E SUV - Ford provided the following announcement, "For the first time in 55 years, Ford is expanding the Mustang family, bringing the famous pony into the electric age with Mustang Mach-E, an all-new, all-electric SUV born of the same all-American ideals that inspired the best-selling sports coupe in the world... When it arrives in late 2020, Mustang Mach-E will be available with standard and extended-range battery options with either rear-wheel drive or all-wheel drive powered by permanent magnet motors. Equipped with an extended-range battery and rear-wheel drive, Mach-E has a targeted EPA-estimated range of at least 300 miles... Ford also will offer two special performance versions. The GT is targeting 0-60 mph in under 4 seconds, making it faster off the line than a Porsche Macan Turbo. The GT Performance Edition, meanwhile, is targeting a comparable 0-60 mph in the mid-3-second range to a Porsche 911 GTS. Both GT configurations are targeting an estimated 342 kW (459 horsepower) and 830 Nm (612 lb.-ft.) of torque... Customers can now visit the Mustang Mach-E reservation site to make a $500 reservation deposit. A limited First Edition will be available in extended-range all-wheel drive, with red painted brake calipers, metallic pedal covers, contrasting seat stitching and a scuff plate marked First Edition."
|