Stockwinners Market Radar for September 22, 2020 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
ORCL | Hot Stocks20:48 EDT Oracle wins litigation against OFCCP - Oracle announced that the Department of Labor Administration Law Judge ruled across the board in Oracle's favor and found no evidence whatsoever of discrimination at Oracle. Among Judge Clark's findings: Oracle did not engage in intentional compensation discrimination at its headquarters facility during the relevant time period against female employees in the Product Development, Information Technology, and Support job functions. Oracle did not have a policy or practice at its headquarters facility during the relevant time period of relying on prior pay in salary setting and OFCCP did not show a disparate impact attributable to such a policy on female employees in the Product Development, Information Technology, and Support job functions; or on Asian and African American employees in the Product Development job function. Oracle did not engage in assignment, job classification, or steering discrimination at its headquarters facility during the relevant time period against female employees in the Product Development, Information Technology, and Support job functions; or against Asian and African American employees in the Product Development job function.
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HTA | Hot Stocks19:17 EDT Healthcare Trust reactivates share repurchase program - Healthcare Trust of America announced that its Board of Directors approved the reactivation and extension of its stock repurchase program. Under the reactivated plan, HTA is authorized to purchase up to $300 million of its Class A common stock from time to time prior to September 22, 2023. This plan replaces its previous $300 million share repurchase program that was established in August 2018 and expired in August 2020.
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TSLA | Hot Stocks18:42 EDT Tesla CEO says very confident can make a $25K electric car in 3 years
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M | Hot Stocks18:24 EDT Macy's CEO: Working hard to secure online shoppers - In an interview on CNBC's Mad Money, Jeff Gennette said Macy's is seeing younger, more diverse new customers. It is developing new shopping and payment options to cater to them. "We're in a lot of malls, but we're in the best malls," he said. Gennette expects holiday traffic to start much earlier this year. He said the Macy's Thanksgiving Day parade won't be live this year, but it will be filmed live over two day period.
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TSLA | Hot Stocks18:14 EDT Tesla aims for 100GWh by 2022 and 3TWh by 2030 - CEO Musk says there's a good chance of achieving 3TWh goal before 2030. Says Silicone can store 9-times more than lithium and graphite. Comments taken from investor presentation at Tesla's "Battery Day."
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RVSB | Hot Stocks18:05 EDT Riverview Bancorp names Gerald L. Nies chairman of the board - Riverview Bancorp announced the Board of Directors elected at the Annual Reorganizational Meeting Gerald L. Nies Chairman of the Board for the company and the Bank, succeeding retiring Patrick Sheaffer. Also elected at the meeting were Bradley Carlson, Board Vice Chair, Patricia Eby, Audit Committee Chair, David Nierenberg, Nominating/Governance Committee Chair and Bess Wills, Compensation Committee Chair.
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OSB | Hot Stocks18:01 EDT Norbord announces automatic share purchase plan - Norbord reported that it has entered into an automatic share purchase plan, or ASPP, with a broker in order to facilitate repurchases of Norbord's common shares under its previously announced normal course issuer bid. The Company previously announced that it had received approval from the Toronto Stock Exchange to purchase up to 4,083,429 of its common shares, representing approximately 5% of the Company's issued and outstanding common shares, during the 12-month period commencing November 5, 2019 and terminating November 4, 2020. Such purchases made pursuant to the NCIB are made on the open market by Norbord through the facilities of the TSX, the New York Stock Exchange or Canadian or US alternative trading systems, if eligible, in accordance with the requirements of the TSX and applicable securities laws.
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TSLA | Hot Stocks17:58 EDT Tesla says new battery yields 5-times energy, 16-times range
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TSLA | Hot Stocks17:55 EDT Tesla aims to cut cost of battery KWh in half - Comments taken from investor presentation at Battery Day.
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SYY | Hot Stocks17:46 EDT Sysco awarded maximum $804.74M Defense Logistics Agency contract - Sysco has been awarded a maximum $804.74M fixed-price with economic-price-adjustment, indefinite-quantity contract for full-line food distribution. This was a competitive acquisition with one response received. This is a five-year contract. Location of performance is Virginia, with a September 20, 2025, ordering period end date. Using military services are Air Force and Navy. Type of appropriation is FY20 through FY25 defense working capital funds. The contracting activity is the Defense Logistics Agency.
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NKE | Hot Stocks17:46 EDT Nike extends afterhours gains after upping first half, FY21 revenue view - Shares of Nike are up over 11% at $130 per share after the company guided FY21's first half revenue flat and FY21 revenue up high single to low double-digits. At its last earnings conference call on June 25th, Nike guided first half revenue "below prior year's levels" and FY21 revenue "flat to up" from FY20.
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NKE | Hot Stocks17:41 EDT Nike CFO sees FY21 revenue up high single digits to low double digits - Says FY21 second half to see sequential improvement. Says FY21 gross margin to be flat vs. prior year, with 40bps of FX headwind. Comments taken from Q1 earnings conference call.
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KBH | Hot Stocks17:30 EDT KB Home sees FY21 housing revenue $5.1B-$5.5B - Sees FY21 community count up mid- to high-single digit range. Says temporary pause in land development caused only 19 communities to be opened in Q3. Says 30 community opening planned for Q4. Sees 135 new communities opening in FY21. Says California wildfires have not had a material impact to this date. Says net orders up 32% for first three weeks of September.
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KBH | Hot Stocks17:28 EDT KB Home sees Q4 average selling price $415,000 - Sees Q4 gross profit margin 20%-20.4%. Sees Q4 effective tax rate approximately 24%. Guidance taken from Q3 earnings conference call.
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SFIX | Hot Stocks17:27 EDT Stitch Fix has confidence in accelerating growth in 2H21 - Says investing in distribution centers. Sees loss of March-May clients will roll forward and impact numbers in first half of 2021. Says has confidence in accelerating growth in 2H of 2021. Says will be flexible in how company uses marketing dollars in 2021. Says plans to invest higher level of capex in 2021 to expand capacity.
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NKE | Hot Stocks17:26 EDT Nike CFO sees revenue flat in first half of FY21 vs. prior year - Says Nike is recovering faster from pandemic with brand momentum and focus on execution. Says company is accelerating productivity. Says inventory levels have improved, on track to be normalized in next 60 days. Says normalizing inventory at lower promotional activity than industry. Says market share is accelerating around the world. Says interest in health and wellness has never been better Comments taken from Q1 earnings conference call.
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NKE | Hot Stocks17:16 EDT Nike CEO says Q1 showed that deepening connection w/ consumers matters - Says Nike Digital already meeting mix growth of 30% 3 years ahead of schedule and is expected to grow from here. Says Digital accelerated even as store doors reopened. Comments taken from Q1 earnings conference call.
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SFIX | Hot Stocks17:11 EDT Stitch Fix says Men's category saw growth in Q4 driven by activewear demand - Says found notable tailwinds in demand in Q4. Says saw continued growth in Women's and Plus in Q4. Says foray into Direct Buy has shown "unabated" growth since pandemic began. Says Men's category saw growth driven by demand for activewear. Says broadening assortment of activewear in Q1. Comments taken from Q4 earnings conference call.
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GMAB JNJ | Hot Stocks17:06 EDT Genmab commences arbitration of two matters under license agreement with Janssen - Genmab (GMAB) announced that it has commenced binding arbitration of two matters arising under its license agreement with Janssen Biotech (JNJ) relating to daratumumab. Under the license agreement, Genmab is, among other things, entitled to royalties from Janssen on sales of daratumumab. The arbitration first is to settle whether Genmab is required to share in Janssen's royalty payments to Halozyme Therapeutics, Inc. for the Halozyme enzyme technology used in the subcutaneous formulation of daratumumab. The royalties Janssen pays to Halozyme represent a mid-single digit percentage rate of subcutaneous daratumumab sales. Janssen has started reducing its royalty payments to Genmab by what it claims to be Genmab's share of Janssen's royalty payments to Halozyme for the second quarter of 2020. The arbitration is also to settle whether Janssen's obligation to pay royalties on sales of licensed product extends, in each applicable country, until the expiration or invalidation of the last-to-expire relevant Genmab-owned patent or the last-to-expire relevant Janssen-owned patent covering the product, as further defined and described in the license agreement. The relevant Genmab-owned issued U.S., European and Japanese patents will expire in the late 2020s and early 2030s. The relevant Janssen-owned issued patents and patent applications (if granted) covering the subcutaneous formulation of daratumumab would expire in the mid-2030s. Under the agreement, the arbitration will be conducted in New York pursuant to the rules of the CPR Institute for Dispute Resolution for Non-Administered Arbitration before a panel of three arbitrators. While Genmab intends to vigorously protect its rights under the agreement, the outcome of any arbitration proceeding, as well as its duration, is inherently uncertain. The arbitration will be confidential, subject to the parties' disclosure obligations under applicable law. Other than pursuant to these obligations, Genmab does not intend to comment or provide additional information regarding the arbitration until an order on the merits or other material order is issued in the arbitration or the arbitration is otherwise concluded. While the arbitration is pending, Genmab's collaborations with Janssen on daratumumab and HexaBody-CD38 will continue. Based on currently available information, Genmab does not expect these matters to materially affect its 2020 financial guidance.
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DRRX | Hot Stocks16:53 EDT Durect expects 300 person alcoholic hepatitis study to begin in October - Durect earlier today announced the study design for the Phase 2b AHFIRM clinical trial of DUR-928 in severe alcoholic hepatitis patients. AHFIRM is a randomized, double-blind, placebo-controlled, international, multi-center Phase 2b study to evaluate the safety and efficacy of DUR-928 in approximately 300 patients with severe AH. The study will be comprised of three arms of approximately 100 patients each: DUR-928 30 mg, DUR-928 90 mg, and placebo plus standard of care. The primary outcome measure will be 90-day survival rate for patients treated with DUR-928 compared to those treated with placebo plus standard of care. Secondary endpoints include 28-day survival, the rate of adverse events, Lille and MELD and time in the intensive care unit. The company is targeting 40-45 clinical trial sites in the U.S. and Europe and anticipates trial initiation in October.
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BANR | Hot Stocks16:48 EDT Banner Corp. chief credit officer Richard Barton to retire, Jill Rice to succeed - Banner Bank executive announced the retirement of Richard Barton, executive VP and chief credit officer, effective October 31. Following Barton's retirement, Jill Rice, currently executive VP and senior credit officer, will assume the role of chief credit officer. Barton joined Banner Bank as chief credit officer in 2002,] and retired with more than 48 years of experience in the banking industry. Rice has been a leader in the credit policy division since joining the Bank in 2002, first as a regional credit risk manager, then as senior credit officer.
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ZGNX | Hot Stocks16:45 EDT Zogenix says that based on FDA input, plans to issue supplemental NDA in 2Q21 - On September 22, Zogenix provided a business update that based on written feedback from the U.S. Food and Drug Administration received in September 2020 and the company's clinical development plan, the company has confirmed its plans to submit a supplemental New Drug Application in the second quarter of 2021 for Fintepla for the treatment of seizures associated with Lennox-Gastaut syndrome, which would include data from the company's two-year carcinogenicity study in rodents and from the company's Phase 1 pharmacokinetic study. In addition, on September 22, the company issued a press release announcing its intention to offer $200,000,000 aggregate principal amount of convertible senior notes due 2027 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended
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SALT | Hot Stocks16:40 EDT Scorpio Bulkers announces purchase of 50K share by Scorpio Services Holding - Scorpio Bulkers announced that Scorpio Services Holding Limited, a related party, has purchased 50,000 common shares of the company at an average price of $12.04 per share in the open market. The company currently has 12,386,880 common shares outstanding, of which SSH and its affiliates own 2,647,751 or 21.38%.
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FCPT DRI | Hot Stocks16:33 EDT Four Corners Property Trust executes $3.2M sale leaseback of LongHorn Steakhouse - Four Corners Property Trust (FCPT) announced the acquisition of a LongHorn Steakhouse property for $3.2M from Darden (DRI) Restaurants via a sale-leaseback. The property is located in Florida and is occupied under a triple-net lease with five years of term and annual rent increases of 1.5%. The transaction was priced at a cap rate in range with previous FCPT transactions.
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ETM | Hot Stocks16:33 EDT Entercom Chairman Field buys 248,071 shares of company stock - Entercom Chairman David Field purchased 248,071 shares of stock at $1.42 per share between September 18 and September 22 for $1.42 per shar for a total transaction value of $353,104.
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HLG | Hot Stocks16:32 EDT Hailiang Education Group reports fall semester enrollment up 9.5% - Hailiang Education announced its record student enrollment of 72,839 for the fall semester of 2020 as of September 20, 2020, up approximately 9.5% compared to 66,543 students for the same period of last year. Of those students enrolled, the company's affiliated schools enrolled 26,865 students, an increase of approximately 10.8%, compared to 24,252 students for the same period last year.
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BZH | Hot Stocks16:31 EDT Beazer Homes says net new orders for Q4 up 37% y/y - Ahead of an upcoming investor conference, Beazer Homes announced that, based on preliminary operating results, net new orders for the first two months of its fiscal fourth quarter were up 37% year-over-year with a 26% increase in July and a 48% increase in August. This performance was primarily related to a higher pace, as sales per community per month rose to 4.4 from 3.0 in the previous year. "We are very pleased with our results through the first two months of our fourth quarter," said Allan P. Merrill, Chairman and CEO of Beazer Homes. "Broad, resilient demand across all our markets supported by low rates and a reassessment of housing needs drove substantial sales momentum and gives us confidence as we close out 2020 and look forward to fiscal 2021." The company expects to report its full fourth quarter 2020 results in November and is not updating any additional guidance at this time.
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MGNX | Hot Stocks16:31 EDT MacroGenics announces publication of Flotetuzumab data in Blood - MacroGenics announced the publication of a manuscript in Blood, a journal of the American Society of Hematology, which highlights interim results of an ongoing Phase 1/2 clinical trial of flotetuzumab in patients with acute myeloid leukemia. Flotetuzumab is an investigational, clinical-stage bispecific DART molecule that recognizes both CD123 on leukemic cells and CD3 on T cells, with the intended result of T cell mediated killing of leukemic blasts. As described in the article titled "Flotetuzumab as Salvage Immunotherapy for Refractory Acute Myeloid Leukemia," 88 AML patients were enrolled in the Phase 1/2 trial as of November 1, 2019, including 42 in dose escalation and 46 treated with flotetuzumab at the recommended Phase 2 dose of 500ng/kg/day. The majority had adverse risk by ELN 2017 criteria and 36% had secondary AML. Patients were heavily pretreated, with a median of three lines of prior therapy. Collectively, this group of patients represents a poor-prognosis population having few effective therapies and an otherwise limited life expectancy.
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MGNI | Hot Stocks16:31 EDT Magnite names Katie Evans as COO - Magnite announced that Katie Evans has been named Chief Operating Officer of the company. In this newly created role, Katie will be responsible for scaling Magnite's global service operations and overseeing the company's client operations, technical operations and business intelligence teams. Katie formerly held the role of GM of CTV at Magnite. Prior to the formation of Magnite from the merger of Rubicon Project and Telaria, Katie was the Chief Operating Officer at Telaria.
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LULU | Hot Stocks16:27 EDT Lululemon restarts $263.6M repurchase program paused for Covid-19 - On September 22, Lululemon determined to restart its previously authorized stock repurchase program, which had been temporarily paused in connection with other measures related to the impact of COVID-19. The remaining aggregate value of common shares authorized to be repurchased under this program is $263.6M.
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WWE | Hot Stocks16:26 EDT WWE director sells 57.6K shares of common stock - In a regulatory filing, WWE disclosed that its Chief Brand Officer Stephanie Levesque sold 57.6K shares of common stock on September 21st in a total transaction size of $2.26M. The holding represents about 43% of director's total owned.
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DOCU | Hot Stocks16:22 EDT DocuSign director Salem sells over $9.5M in shares - DocuSign director Enrique Salem sold 49,299 shares at $191.78 per share on September 18, for a total of $9,454,483.
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PBCT | Hot Stocks16:21 EDT People's United to sell People's United Insurance Agency to AssuredPartners - People's United Bank,a subsidiary of People's United Financial announced that it has entered into a definitive agreement to sell People's United Insurance Agency to AssuredPartners. The transaction is expected to close in the fourth quarter of 2020, subject to customary closing conditions.
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NKE | Hot Stocks16:18 EDT Nike shares jump 8.3% after upbeat Q1 results
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KTOS MSFT | Hot Stocks16:17 EDT Kratos Defense collaborates with Microsoft to launch Azure Orbital - Kratos Defense (KTOS) announced that it has joined with Microsoft (MSFT) to enable the launch of Microsoft Azure Orbital, a platform that provides Ground Station-as-a-Service, or GSaaS, to the satellite industry. Azure Orbital is Microsoft's managed service designed to deal with the growing flood of data from earth observation, or EO, and Internet of Things, or IoT, applications. The managed service lets satellite operators communicate to, control their satellites, process data and scale operations directly in Azure without the need to build or manage their own costly ground stations. Azure Orbital is powered by Microsoft's Ground-Station-as-a-Service Platform, or GSaaP, that includes virtualized infrastructure, orchestration and monitoring capabilities. Kratos' OpenSpace products are built into the underlying cloud architecture of Azure Orbital beginning with Kratos' OpenSpace Digitizer that converts the RF signal from the antenna into network-ready IP packets that are transported in a digital stream reliably and accurately by an OpenSpace virtual network function, or VNF. Orbital customers can then choose additional OpenSpace VNFs available in the Azure Marketplace for receiving and recording their signals. The health and status of the physical gateway-based devices and cloud-based VNFs can be monitored in a unified view with Kratos' OpenSpace OpsCenter Network Management Application.
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SFIX | Hot Stocks16:17 EDT Stitch Fix drops 10% to $28.16 after reporting Q4 results
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KBH | Hot Stocks16:17 EDT KB Home says demand beyond Q3 'remains strong' - KB Home states: "The company is encouraged by the resilience of the housing market and the significant increase in demand over the past several months. Subsequent to the end of the third quarter, demand remains strong, with the company's net orders for the first three weeks of September 2020 up 32% from the corresponding period of 2019, and the cancellation rate for the period improving to 12% from 17%. While the company limited its land investments during the second quarter and most of the third quarter to preserve cash and liquidity due to the uncertainty surrounding the COVID-19 pandemic, given the sustained strong housing demand, it has resumed land acquisition and development activities to bolster its lot pipeline and support community growth in the future. Although the trajectory and strength of the current recovery remains uncertain, and it could be slowed or reversed by a number of factors, including a possible widespread resurgence in COVID-19 infections combined with the seasonal flu, the company believes it is well positioned to operate effectively through the present environment."
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KBH | Hot Stocks16:15 EDT KB Home reports Q3 deliveries 2,545 vs. 3,022 last year - Q3 average selling price was $384,700, up from $381,400 last year. Q3 housing gross profit margin expanded 140 basis points to 19.9%. Excluding inventory-related charges, the housing gross profit margin increased 170 basis points to 20.6%. Q3 Net orders for the quarter grew 27% to 4,214, the company's highest third-quarter level since 2005. Q3 ending backlog increased 8% to 6,749 homes and ending backlog value grew 12% to $2.57B.
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KBH | Hot Stocks16:13 EDT KB Home CEO says well positioned to expand scale in 2021 - CEO Jeffrey Mezger says: "As we look ahead to 2021, assuming market conditions remain favorable, we believe we are well positioned to expand our scale, and, with a leaner and more efficient operation, we anticipate accelerating our profitable growth next year, as we remain focused on generating higher returns."
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SCS | Hot Stocks16:12 EDT Steelcase restores salaries for most of global workforce - "The strength of our second quarter results and the recent improvements in demand patterns in EMEA and Asia Pacific influenced our decision to restore salaries for most of our global workforce," said Dave Sylvester, senior vice president and CFO. "While we have seen some recent improvement in the rate of decline in our year-over-year order patterns in the Americas, day-to-day business and project pipelines remain depressed due to the ongoing economic uncertainty and the high number of customers deferring their return to the office. Accordingly, we decided to make more permanent changes to our cost structure through workforce reductions, which will lower our annualized costs by approximately $40 million."
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SFIX | Hot Stocks16:11 EDT Stitch Fix reports Q4 active clients of 3.5M, up 9% year-over-year - Stitch Fix president Elizabeth Spaulding added, "We're particularly excited by the momentum of our direct buy offering. It's still early days, but the ability to shop personalized items and outfits in our feed-based experience is clearly resonating with our clients. Our styling algorithms combined with input from our talented stylists, and the network effects of nearly 10 years of shopping data are enabling clients to now shop via direct buy without ever having purchased something from us in the past. Encouraged by its early success, we plan to expand the offering to give existing clients more reasons to engage with us, and give new-to-Stitch Fix customers the opportunity to experience the magic of online personal styling through direct buy."
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ITRI | Hot Stocks16:09 EDT Itron announces global cost savings project, aims to save $20M-$25M per year - Itron announced a plan to deliver $20M to $25M in annual savings from a global cost savings project, that includes continued execution towards its asset light strategy. This project will begin immediately and is scheduled to be substantially complete by the end of 2022. Approximately 80% of the savings will improve gross margin with the remainder primarily focused on SG&A activities. The company estimates a pre-tax restructuring charge of $55M to $65M. Of the total estimated charge, approximately $35M to $45M will result in cash expenditures, and the remainder relates to non-cash charges. The majority of the expense will be recognized in Q3 of 2020.
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FTEK | Hot Stocks16:07 EDT Fuel Tech announces listing transfer to Nasdaq Capital Market - Fuel Tech announced that on September 22, 2020, the NASDAQ Stock Market approved the company's application to transfer its listing from NASDAQ's Global Select tier to the Capital Market tier. In connection with the transfer to the Capital Market tier, NASDAQ also granted the company an additional 180 calendar day grace period to regain compliance with the minimum bid requirement of NASDAQ Marketplace Rule 5450(a)(1) for continued listing. As previously reported, the company was notified by NASDAQ on January 7, 2020 that the bid price for its Common Stock was not in compliance with the Rule. At that time, NASDAQ gave the company 180 calendar days to regain compliance; this was subsequently extended to September 18, 2020. The company has until March 17, 2021, to demonstrate compliance with the minimum bid price requirement for continued listing. The company will regain compliance with the Rule if at any time before March 17, 2021, the bid price for the company's Common Stock closes at or above $1.00 per share for a minimum of 10 consecutive business days.
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WDC | Hot Stocks16:07 EDT Western Digital hires Robert Soderbery as EVP and GM of Flash unit - Western Digital announced the appointment of Robert Soderbery as executive vice president and general manager of its new Flash business unit. A thirty-year technology and business veteran, Soderbery is responsible for all Flash portfolio strategy, product development and business results and will lead engineering and product management teams focused on delivering the company's Flash innovation. The company confirmed an executive search is underway for a general manager who will lead its HDD product business.
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ROK | Hot Stocks16:06 EDT Rockwell Automation applies to no longer be reporting issuer in Canada - Rockwell Automation announced that it has voluntarily applied to the Ontario Securities Commission for an order that it cease to be a reporting issuer in Ontario. Rockwell Automation is not a reporting issuer in any other jurisdiction in Canada. Rockwell Automation became a reporting issuer in Ontario in connection with the previous listing of its common stock on the Toronto Stock Exchange, from which it voluntarily delisted in 1995 due to low trading activity. Rockwell Automation is applying to cease to be a reporting issuer as its common stock has not been listed on any Canadian stock exchange for 25 years.
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WDC | Hot Stocks16:06 EDT Western Digital to form separate Flash, HDD business unites - Western Digital announced a "significant step in the ongoing implementation of its diversified storage portfolio strategy by forming separate product business units for its Flash and HDD technology assets. The Flash business and the HDD business will each be led by a general manager and will align the company's diversified portfolio to an acceleration strategy designed for growth, profitability and development agility. By delivering both Flash and HDD market-leading innovation through highly focused product development organizations, Western Digital's strategy positions the company to leverage its strong go-to-market and operational synergies and uniquely address broad customer storage needs from edge devices to cloud infrastructure."
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UIHC | Hot Stocks16:06 EDT United Insurance sees Q3 pre-tax catastrophe losses $135M - United Insurance Holdings Corp. announced estimated current year catastrophe losses incurred during the third quarter ending September 30, 2020 of approximately $135 million before income taxes, net of expected reinsurance recoveries. The company's third quarter catastrophe losses included claims from six new named windstorms and other non-named windstorm catastrophe events.
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FB | Hot Stocks15:12 EDT Facebook takes down networks originating in China, Philippines - Facebook said in a blog post that it has removed two separate networks for violating its policy against coordinated inauthentic behavior. One of these networks originated in China and the other in the Philippines. The company removed 155 accounts, 11 Pages, 9 Groups and 6 Instagram accounts for violating its policy against foreign or government interference which is coordinated inauthentic behavior on behalf of a foreign or government entity. This activity originated in China and focused primarily on the Philippines and Southeast Asia more broadly, and also on the United States. In Southeast Asia where this network focused most of its activity, they posted in Chinese, Filipino and English about global news and current events including China's interests in the South China Sea; Hong Kong; content supportive of President Rodrigo Duterte and Sarah Duterte's potential run in the 2022 Presidential election; criticism of Rappler, an independent news organization in the Philippines; issues relevant to the overseas Filipino workers; and praise and some criticism of China. In the U.S., where this network focused the least and gained almost no following, they posted content both in support of and against presidential candidates Pete Buttigieg, Joe Biden and Donald Trump. Reference Link
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BYD... | Hot Stocks15:11 EDT Notre Dame football game postponed after seven positive COVID tests - A total of 94 COVID-19 tests were administered to Notre Dame Football student-athletes on Monday. Of those 94, there were seven positive tests, according to University Physician Dr. Matt Leiszler. Those seven student-athletes are in isolation and their close contacts have been/are being identified. In consultation with the St. Joseph County Department of Health, the Notre Dame Football program has decided to pause all football-related activities until further testing is completed. Combined with last week's testing results, a total of 13 players are currently in isolation, with 10 in quarantine. The ACC and Wake Forest have been notified, and the process of rescheduling the game originally slated for Sept. 26 is underway. Publicly traded companies in the sports betting space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (PDYPY), Gan Limited (GAN), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN), William Hill (WIMHY) and Wynn Resorts (WYNN).Reference Link
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ADI MSFT | Hot Stocks15:05 EDT Analog Devices teams with Microsoft to mass produce 3D imaging products - Analog Devices (ADI) announced a strategic collaboration with Microsoft (MSFT) to leverage Microsoft's 3D time-of-flight ,ToF, sensor technology, allowing customers to easily create high-performance 3D applications that bring higher degrees of depth accuracy and work regardless of the environmental conditions in the scene. ADI's technical expertise will build upon Microsoft Azure Kinect technology to deliver leading ToF solutions to a much broader audience in areas such as Industry 4.0, automotive, gaming, augmented reality, computational photography and videography. Currently, the industrial market is seeing a push for 3D imaging systems that can be used in harsh environments where cutting-edge applications such as human-collaboration robots, room mapping, and inventory management systems are required to bring Industry 4.0 to life. ToF applications are also needed to create safer automobile experiences for drivers and passengers by outfitting vehicles with occupancy detection and driver monitoring capabilities. "Our customers want depth image capture that 'just works' and is as easy as taking a photo," said Duncan Bosworth, General Manager, Consumer Business Unit, Analog Devices. "Microsoft's ToF 3D sensor technology used in the HoloLens mixed-reality headset and Azure Kinect Development Kit is seen as the industry standard for time-of-flight technologies. Combining this technology with custom-built solutions from ADI, our customers can easily deploy and scale the next generation of high-performance applications they demand, out of the box." "
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ARPO | Hot Stocks15:05 EDT UC announces selection for trial of Aerpio COVID-19 drug candidate - Researchers at the University of Cincinnati and UC Health will host a Phase 2 clinical trial to examine the effects of a drug that targets blood vessel inflammation and injury in patients with COVID-19, the school announced. They will study the effects of razuprotafib, an investigational drug that activates a key pathway for stabilizing blood vessels in the lung and other organs in patients with moderate to severe cases of the respiratory illness caused by the novel coronavirus SARS-CoV-2. The drug may prevent and treat respiratory distress in COVID-19 patients. The Phase 2 clinical trial will assess safety, tolerability and efficacy of razuprotafib. UC is one of up to 20 sites across the United States selected for a randomized, double-blind and placebo-controlled study coordinated by Aerpio Pharmaceuticals. As part of that trial, which is designed as a parallel-group, dose escalation and proof-of-concept study, razuprotafib will be administered three times daily for a seven-day period to hospitalized patients. The trial may enroll approximately 180 patients nationwide. Reference Link
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PD MSFT | Hot Stocks15:02 EDT PagerDuty announces extended integration with Microsoft Teams - PagerDuty (PD) announced it has extended its integration with Microsoft Teams by "leveraging new meeting extensibility points, which enables PagerDuty customers to launch Teams meetings within the PagerDuty platform, in one click, and then perform PagerDuty tasks within the Teams client." PagerDuty added: "With all incident activity automatically replicated between the PagerDuty app and PagerDuty platform, responders are guaranteed access to the latest information without context shifting, no matter where they're located, or the device they're using, even if they're performing tasks directly in Teams."
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NKLA | Hot Stocks14:58 EDT Nikola founder Milton appears to have deleted Twitter account - When visiting the page for the former Twitter account of Trevor Milton, the founder and former executive chairman of Nikola, Twitter indicates that the account @nikolatrevor "doesn't exist." Prior to his recently announced resignation as executive chairman of the company, Milton was very active on Twitter. Reference Link
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APLT | Hot Stocks14:55 EDT Applied's phosphomannomutase 2 deficiency treatment granted orphan status - Applied Therapeutics' treatment of phosphomannomutase 2 deficiency was granted orphan designation by the FDA, according to a post to the agency's website. Reference Link
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SRNE | Hot Stocks14:33 EDT Sorrento Therapeutics releases results of Phase 1B trial of Resiniferatoxin - Sorrento Therapeutics, Inc. (Nasdaq: SRNE, "Sorrento") announced the public release of the results of its' multicenter, open-label, Phase 1b Study to Evaluate Safety and MTD of Epidural Resiniferatoxin Injection for the Treatment of Intractable Cancer Pain, at the 14th Annual Pain Therapeutics Summit held virtually from September 21 to 22, 2020. Data was presented by Srdjan Nedeljkovic, MD, Associate Professor of Anesthesia, Harvard Medical School/Brigham & Women's Hospital. This multicenter, open-label study enrolled 17 adults with intractable moderate to severe cancer pain. Subjects were treated with a one-time epidural administration of RTX at escalating dose level cohorts, ranging from 0.4 microgram to 25 microgram in 3 ml saline, in seven cohorts. The first participant in each cohort served as the "Sentinel" subject. The first two dosing cohorts each included one subject. Subsequent cohorts proceeded with three subjects each. Enrollment of dose escalation cohorts has completed, with 17 subjects receiving RTX. 65% were women and 35% were men. The median age was 58 years. The baseline numerical pain rating scale average score was a mean of 6.8, and the baseline NPRS worst score was a mean of 7.9. No dose-limiting toxicities were reported. "We are extremely encouraged by the results of this initial study. Even in patients with high levels of pain, RTX given via an epidural injection has been found to reduce pain intensity without having any long-term adverse safety consequences. The patient population had intractable pain that did not respond to other standard therapeutic approaches, including opioids. The addition of RTX to the management of patients with intractable advanced-stage cancer pain offers the prospect of reducing suffering and improving quality of life for this underserved patient population," said Associate Professor of Anesthesia, Srdjan Nedeljkovic, M.D. from the Department of Anesthesiology, Perioperative and Pain Medicine, Brigham and Women's Hospital at Harvard Medical School.
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ALK... | Hot Stocks14:14 EDT IATA calls for COVID-19 tests for all passengers before departure - The International Air Transport Association has called for the development and deployment of rapid, accurate, affordable, easy-to-operate, scalable and systematic COVID-19 testing for all passengers before departure as an alternative to quarantine measures in order to re-establish global air connectivity. IATA will work through the International Civil Aviation Organization and with health authorities to implement this solution quickly. "The key to restoring the freedom of mobility across borders is systematic COVID-19 testing of all travelers before departure. This will give governments the confidence to open their borders without complicated risk models that see constant changes in the rules imposed on travel. Testing all passengers will give people back their freedom to travel with confidence. And that will put millions of people back to work," said Alexandre de Juniac, IATA's Director General and CEO. Publicly traded companies in the space include Alaska Air (ALK), American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines (SAVE) and United Airlines (UAL). Reference Link
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NKLA | Hot Stocks13:36 EDT Nikola CFO says 'we've heard' when asked about SEC, DOJ probes - Nikola CFO Kim Brady, when speaking earlier at Evercore ISI's virtual conference, says "we've heard" when he was asked about the potential investigations into the company by both the Securities and Exchange Commission and Department of Justice. Brady added that Nikola reached out to the SEC following the short report from Hindenburg Research.
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RP CPT | Hot Stocks13:32 EDT RealPage announces CommunityConnect agreement with Camden Property Trust - RealPage (RP) announced that Camden Property Trust (CPT) has signed an agreement to deploy RealPage CommunityConnect Smart Access controls in 50,000 units by the end of 2021. "Camden seeks to continue improving its residents' experience with the single ComunityConnect App that controls community gates, building and corridor doors, and smart access to each unit," RealPage said.
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NKLA AAPL | Hot Stocks13:20 EDT Nikola CFO likens production of trucks to Apple's iPhone - Nikola (NKLA) CFO Kim Brady, while speaking earlier at Evercore ISI's virtual conference, likened the company's truck production to Apple (AAPL) and the iPhone. Brady said Apple doesn't manufacture the components of the iPhone, but it designs and controls the functions. He views Nikola similarly when it comes to its electric trucks.
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MSFT | Hot Stocks13:20 EDT Microsoft debuts communication platform Azure Communications Services - Scott Van Vliet Corporate Vice President, Intelligent Communications posted in part earlier on Tuesday: "The global situation today has truly transformed how we communicate with each other. While we woke up one day and the world was different, business hasn't stopped...In this remote-first world, businesses are looking to quickly adapt to customers' needs and connect with them through engaging communication experiences. Building new communication solutions or integrating them into existing applications can be complex and time-consuming. Often requiring considerable investment and specialized expertise. That's why we're excited to announce, Azure Communications Services, the first fully managed communication platform offering from a major cloud provider. Azure Communication Services is built natively on top a global, reliable cloud-Azure. Businesses can confidently build and deploy on the same low latency global communication network used by Microsoft Teams to support over 5 billion meeting minutes in a single day. It also enables developers to easily tap into other Azure services, such as Azure Cognitive Services for translation, sentiment analysis and more. Additionally, companies benefit from all communications being encrypted to meet privacy and compliance needs, such as HIPAA and GDPR." Reference Link
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NKLA | Hot Stocks13:16 EDT Nikola says most components will be manufactured by third party - Nikola CFO Kim Brady spoke earlier at Evercore ISI's virtual conference.
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NKLA | Hot Stocks13:14 EDT Nikola CFO says 100% battery truck will be available Q4 of 2021 - Nikola CFO Kim Brady spoke earlier at Evercore ISI's virtual conference.
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NKLA | Hot Stocks13:11 EDT Nikola CFO says 'nothing has changed' with partnerships in past few weeks - Nikola CFO Kim Brady spoke earlier at Evercore ISI's virtual conference.
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NKLA | Hot Stocks13:11 EDT Nikola CFO 'very confident' in due diligence performed by partners - Nikola CFO Kim Brady spoke earlier at Evercore ISI's virtual conference.
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YNDX | Hot Stocks13:00 EDT Yandex confirms discussions with Tinkoff Group - Yandex confirmed that it is in discussions with TCS Group Holding regarding a possible offer by Yandex for 100% of the share capital of Tinkoff. The parties have come to an agreement in principle on a transaction that would consist of cash and share consideration worth approximately $5.48B or $27.64 per Tinkoff share, which, based on the closing price of Yandex shares on September 21, 2020, would represent a premium of approximately: 8.0% to the closing price per Tinkoff GDR of $25.60 on September 21, 2020; 10.4% to the volume weighted average closing price per Tinkoff GDR of $25.04 for the one-month period ended on September 21, 2020; and 16.9% to the volume weighted average closing price per Tinkoff GDR of $23.65 for the three-month period ended on September 21, 2020. The final terms are subject to the satisfactory completion of due diligence and agreement on definitive documentation, including agreement regarding conditions to closing. There can be no certainty that any firm offer will be made for Tinkoff, nor as to the final terms on which any firm offer might be made. The current intention of Yandex and Tinkoff is for the Potential Transaction to be implemented by means of a scheme of arrangement of Tinkoff under Cyprus law. The Proposed Transaction would be subject to the approval of Yandex's Class A shareholders and General Meeting of shareholders. If the Potential Transaction proceeds, Yandex will provide notice of its shareholders meetings and accompanying documentation in due course.
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AAPL | Hot Stocks12:54 EDT Apple resolves issues with several services, including App Store, Apple Music - Apple said that it has resolved issues with the App Store, Apple TV+, the Mac App Store, Apple Music and the iTunes store. Reference Link
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AAPL | Hot Stocks12:41 EDT Apple reports issues with several services, including App Store, Apple Music - Apple said that some users are experiencing problems while accessing a handful of services, including the App Store, Apple Music, Apple TV Channels, Apple TV+, the iTunes store, and the Mac App Store. The company noted that issues with Apple Business Manager and Apple School Manager have been resolved. Reference Link
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GOOG GOOGL | Hot Stocks12:31 EDT Google introduces work tracking tool Tables - In a blog post, Google introduced Tables, a "user-friendly, intuitive" work tracking tool, as part of Area 120, Google's in-house incubator for experimental projects. Tables helps teams track work and automate tasks to save time and supercharge collaboration-without any coding required, the company said. Tables, with other teams at Google, is investing in automation. For Tables, this means Bots. With Bots, teams can easily schedule recurring email reminders when tasks are overdue, message a chat room when new form submissions are received, or move a task to someone else's work queue when the status is changed. "Prior to Tables, you'd have to do a lot of manual work: check multiple different sources of data, collate it all together and then copy and paste it into another doc to hand it off," Google said. "Tables makes automating these actions quick and easy, saving teams time and making collaboration seamless." Reference Link
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MRNA | Hot Stocks12:25 EDT Canada exercises increased option for 20M doses of Moderna COVID-19 vaccine - Moderna announced the Canadian Government has increased its confirmed order commitment to 20M doses of Moderna's vaccine candidate against COVID-19, mRNA-1273. This updated agreement comes as Moderna's Phase 3 COVE study has enrolled more than 75% of its participants, 11,879 of whom have received their second vaccination as of September 18, 2020. To provide additional transparency in the context of the pandemic, the company also made the complete, unredacted protocol for the Phase 3 trial of mRNA-1273 available on Thursday, September 17. "We appreciate the confidence in Moderna's mRNA platform and the progress we are making with mRNA-1273, as demonstrated by the increased order from the Canadian government today," said Stephane Bancel, Moderna's CEO. "This support, along with that of our stakeholders, drives us forward as we scale-up our global manufacturing and distribution network." Moderna remains on track to be able to deliver up to 56M doses of its COVID-19 vaccine to help protect Canadians beginning in 2021. The Canadian vaccine supply will be sourced from Moderna's European production capacity with its strategic manufacturing partner Lonza of Switzerland, and ROVI of Spain for fill-finish services.
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DIS... | Hot Stocks12:19 EDT Disney+ coming to Google Assistant-enabled Smart Displays - Starting today, Google Assistant (GOOG) users can navigate Disney+ (DIS) content on Google Assistant-enabled Smart Displays, like Nest Hub and Nest Hub Max, in select markets around the globe simply by using their voice. "If you have a Disney+ subscription, simply link your account in the Google Home or Assistant app and you can play movies and shows from Disney, Pixar, Marvel, Star Wars, National Geographic and more," Google said in a blog post. "Say, "Hey Google, play 'The Mandalorian' on Disney+" to start streaming instantly. You can also already cast Disney+ from your compatible mobile devices to your Nest Smart Displays and Assistant-enabled devices by opening the streaming service's mobile app and tapping the Cast icon, or stream anytime on your Android TV." Reference Link
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NTP | Hot Stocks12:17 EDT IsZo Capital comments on Nam Tai's appointment of Kaisa affiliates - IsZo Capital Management LP, a significant long-term shareholder of Nam Tai Property with beneficial ownership of approximately 10% of the Company's outstanding shares, today commented on the Company's troubling decision to appoint three individuals with documented ties to Kaisa Group Holdings Limited to the roles of Executive Chairman, CEO and CFO. IsZo recently announced that it delivered to Nam Tai verified requests to convene a meeting of Nam Tai shareholders from holders of more than 40% of the company's outstanding shares. The Special Meeting will provide shareholders an opportunity to reconstitute the Company's Board of Directors by removing a majority of the incumbent directors and installing six individuals: Michael Cricenti, Cindy Chen Delano, Bo Hu, Louis Leung, Paula J. Poskon and Jeffrey Tuder. Brian Sheehy, IsZo's founder and managing partner, commented: "Shareholders should be outraged that Nam Tai has exacerbated its dismal corporate governance and laid the groundwork for more conflicts of interest by appointing three Kaisa-affiliated individuals - Dr. Lai Ling Tam, Jiabiao Wang and Wai Hang Wan - to the roles of Executive Chairman, CEO and CFO. This insulting and tone deaf response to shareholders' overwhelming demand for the Special Meeting only validates our view that Kaisa insiders must be removed from the Board and replaced by our highly-qualified, integrity-rich director candidates. The last time Kaisa appointed its allies to key management positions at Nam Tai it fueled hundreds of millions of dollars in value destruction and led to the widespread marginalization of non-insider shareholders. Rather than continuing to brazenly ignore the critical mass of shareholders seeking authentic and credible leadership changes, Nam Tai must comply with investors' formal legal requests and promptly schedule the Special Meeting."
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GSK... | Hot Stocks12:17 EDT Canada reports agreements with Sanofi and GSK for up to 72M COVID vaccine doses - The Honourable Anita Anand, Minister of Public Services and Procurement, announced that the Government of Canada has signed agreements with Sanofi (SNY) and GlaxoSmithKline (GSK) to secure up to 72 million doses of their COVID-19 adjuvanted recombinant protein-based vaccine candidate. "Based on recommendations from the COVID-19 Vaccine Task Force, the Government of Canada is signing agreements with a number of leading pharmaceutical companies to establish a guaranteed supply base of potential vaccine candidates. Agreements have previously been signed with Pfizer (PFE), Moderna (MRNA), Johnson & Johnson (JNJ) and Novavax (NVAX), and negotiations continue for access to other leading vaccine candidates. Currently, no vaccines have been approved to prevent COVID-19 in Canada. Many vaccines are in clinical trials or under development domestically or internationally. Once vaccines are ready, companies will need to make submissions for authorization to Health Canada. Health Canada will review the evidence of safety, efficacy and manufacturing quality for each vaccine to determine whether individual vaccines will be approved for use in Canada before they are made available to Canadians. At the same time, the National Advisory Committee on Immunization, an external advisory group of vaccine and public health experts, will provide federal, provincial and territorial governments with guidance for safe and effective vaccine use for Canadians. While significant work is underway to develop vaccines to prevent the spread of COVID-19, the Government of Canada is also focused on therapeutics to treat Canadians who have contracted the virus. Minister Anand announced that the Government of Canada has signed an agreement with Gilead Sciences (GILD) and McKesson Canada (MCK) to secure a supply of up to 150,000 vials of remdesivir, with deliveries beginning this month and continuing into early 2021. Currently, remdesivir is the only known anti-viral drug that has been shown to be effective in treating COVID-19 patients. The Government of Canada has also signed two contracts with SiO2 International Inc. to purchase syringes and vials for use in filling up to 80 million doses of vaccine, with deliveries beginning this month," the government announced. Reference Link
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INTC | Hot Stocks12:11 EDT Intel appoints Saf Yeboah-Amankwah as Chief Strategy Officer - Intel announced the appointment of Safroadu Yeboah-Amankwah as senior vice president and chief strategy officer, effective Nov. 1. Yeboah-Amankwah will be responsible for the global strategy office, including Intel Capital, and will work with the executive team on developing and driving growth-oriented strategies. Yeboah-Amankwah will report to CEO Bob Swan. Yeboah-Amankwah joins Intel from McKinsey & Company, where he was most recently a senior partner and global head of the Transformation Practice for the Telecom, Media and Technology practice.
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BFRA | Hot Stocks12:07 EDT Biofrontera says German Supreme Court overturns prior ruling against company - Biofrontera announces that in ruling on September 22, the German Federal Supreme Court overturned a decision by the Cologne Higher Regional Court dated November 15, 2018, which was directed against the company. The overturned ruling of the Cologne Higher Regional Court concerned an action for rescission and annulment brought by the shareholder Deutsche Balaton AG against certain resolutions of the Annual General Meeting held on May 24, 2017. The matter has now been referred back to the Cologne Higher Regional Court for retrial and decision. The reasons for the ruling of the Federal Supreme Court are currently not available to the company, Biofrontera stated.
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LAC | Hot Stocks12:00 EDT Lithium Americas falls -10.2% - Lithium Americas is down -10.2%, or -$1.00 to $8.83.
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ADCT | Hot Stocks12:00 EDT ADC Therapeutics falls -11.6% - ADC Therapeutics is down -11.6%, or -$5.24 to $40.01.
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ACEL | Hot Stocks12:00 EDT Accel Entertainment falls -13.1% - Accel Entertainment is down -13.1%, or -$1.84 to $12.23.
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RENN | Hot Stocks12:00 EDT Renren rises 15.1% - Renren is up 15.1%, or 47c to $3.54.
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GME | Hot Stocks12:00 EDT GameStop rises 20.5% - GameStop is up 20.5%, or $1.79 to $10.54.
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CVNA | Hot Stocks12:00 EDT Carvana rises 29.5% - Carvana is up 29.5%, or $51.22 to $224.89.
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IZEA | Hot Stocks11:48 EDT Izea reports 'significant contract' for marketing of alcoholic beverages - Izea Worldwide announced that it has secured a "mid six-figure contract with a leading spirits manufacturer, a significant expansion upon the first contract awarded to Izea earlier this year." In addition to this "significant" contract, Izea said it has been awarded multiple contracts with other manufacturers and marketers of alcoholic beverages in Q3. "Coronavirus has had a material impact on how and where people are consuming alcohol. While many bars, restaurants, and venues are currently closed or limiting service, consumers are still eager to connect and socialize with each other during this challenging period. People are turning to online platforms to reimagine the real-world social experiences that they are currently unable to comfortably enjoy in-person," said Ted Murphy, Founder and CEO of Izea.
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MSFT T | Hot Stocks11:06 EDT Microsoft, AT&T partner for cloud connectivity for IoT devices - AT&T (T) and Microsoft (MSFT) are teaming up to enable enterprises to seamlessly connect machines and equipment to the cloud with highly secure network connectivity across the globe. As part of the effort, AT&T is working with Microsoft to deliver an integrated IoT solution with Azure Sphere. This AT&T powered guardian device with Azure Sphere will help businesses transform their operations quickly through massive IoT deployments at scale. The AT&T powered guardian device is the latest example of how the two companies are working together through a strategic alliance to improve how people live and work today and in the future. The new solution combines the secured architecture of Azure Sphere, a comprehensive IoT security solution including hardware, OS and cloud services with Azure IoT services and the global and multi-layered security of AT&T's core network.
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MSFT RDS.A | Hot Stocks11:05 EDT Shell, Microsoft form alliance to help address carbon emissions - Shell International Petroleum Company (RDS.A) and Microsoft Corporation (MSFT) are embarking on a new strategic alliance to support progress towards a world with net-zero emissions. This builds on the strong foundation of decades of technology collaboration between the two companies. This type of strategic alliance is a model for how companies can work together to achieve their net-zero ambitions. This strategic alliance will support Shell's ambition to be a net-zero emissions energy business by 2050, or sooner, in step with society and its customers. Shell's supply of renewable energy will help Microsoft deliver on its renewable energy supply goals and its broader ambition to be carbon negative by 2050. It is expected that over time the alliance will enable the two companies to achieve even more together. Highlights of the expanded alliance include: Shell will supply Microsoft with renewable energy, helping Microsoft to meet its commitment to having a 100% supply of renewable energy by 2025; The two companies will continue working together on artificial intelligence, which has already driven transformation across Shell's operations through access to real-time data insights, contributing to worker and onsite safety, and delivering efficiencies that have helped reduce Shell's carbon emissions; Shell and Microsoft will work together on new digital tools so Shell can offer its suppliers and customers effective support in reducing their carbon footprints; Shell and Microsoft will explore working together to help advance the use of sustainable aviation fuels; and The companies will use Microsoft's Azure cloud computing system and data from Shell assets to strengthen operational safety, by improving risk analysis, prediction and prevention.
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BSGM | Hot Stocks10:59 EDT BioSig's ViralClear expands Phase 2 trial size for merimepodib w/ remdesivir - BioSig Technologies and its majority owned subsidiary, ViralClear Pharmaceuticals conducted an investor update call on Viral Clear's merimepodib drug development program for the treatment of COVID-19. The size of the ongoing randomized, double-blind, placebo-controlled Phase 2 trial of merimepodib in combination with remdesivir is being increased from 40 to 80 subjects. When the trial was first initiated, it was thought that COVID-19 patients with National Institute of Allergy and Infectious Disease 8-point ordinal scores of 3 and 4 would have similar outcomes in terms of their disease. However, based on a review of blinded data from the ongoing trial, subjects with scores of 3 and 4 are showing distinct differences. All subjects who were admitted with a score of 4 have had an uneventful course of disease and were rapidly discharged from the hospital due to improvement in clinical condition. The subjects who were admitted with a score of 3 fared differently: one group of subjects improved and were discharged from the hospital and are doing well at long-term follow-up, while others have not improved. Based on the above and the small numbers of subjects in each NIAID group, ViralClear decided to increase the enrollment in the current study to 80 subjects, with a focus on subjects with an NIAID score of 3 at entry. The decision to increase the subject number in the trial was also based on advice from industry experts and discussions with government agencies and non-governmental organizations. Once additional subjects are enrolled and further clinical data is obtained, the team will discuss with the FDA the appropriate size for a Phase 3 trial. Two additional Principal Investigators were added to the ongoing Phase 2 trial to improve the enrollment rate, increasing the total number of locations to 10. ViralClear has contracted with a US-based Contract Manufacturing Organization to manufacture the registration stability batches of the merimepodib oral solutions that will also serve as clinical trial supplies for the Phase 3 trial. In July 2020, Viralclear previously announced an agreement with another US-based CMO, AMRI, to produce the registration stability batches of the merimepodib. The merimepodib monotherapy trial to be conducted in the outpatient setting will be initiated after the completion of the current Phase 2 combination trial. The Emergency Use Authorizations for remdesivir and convalescent plasma, as well as the increasing use of dexamethasone as a standard of care in hospitalized COVID-19 patients, has precluded an evaluation of merimepodib monotherapy in this setting.
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AIV | Hot Stocks10:36 EDT Lands & Buildings voices concerns over AIV's plan to separate - Land & Buildings Investment Management, a significant shareholder of Apartment Investment and Management Company, issued a public letter to the Company's Board of Directors. The letter read, in part, "Land & Buildings Investment Management, a large shareholder of Apartment Investment and Management Company, has significant concerns regarding the Company's announcement on September 14, 2020, of its plan to separate its business into two, separate and distinct, publicly traded companies, Apartment Income REIT and Aimco, through a reverse spin-off. We believe the proposed transaction will not close the Company's substantial discount to net asset value and is a thinly veiled attempt by management and the Board of Directors to rid themselves of a decades-long poor track record rather than address the fundamental issues challenging the Company. Specifically, shareholders will receive a taxable dividend of about 90% of the Company's coveted apartments in connection with the proposed spin-off. It is highly unlikely that both Aimco and AIR combined will trade anywhere close to AIV's stated NAV of $58 per share. What seems clear to us is that the proposed spin-off is not the result of an informed evaluation of all available opportunities to maximize shareholder value, particularly given the extraordinary appetite by private institutional investors for high-quality apartments. Completing a spin-off without fully and objectively evaluating all opportunities for the Company's real estate could result in material shareholder value destruction. Perhaps even more concerning, the Board and management appear to be rushing completion of the spin-off before shareholders would have the opportunity to express their views on this issue or elect Board members to better represent shareholder interests. As currently conceived, the proposed spin-off would be completed prior to the Company's 2021 Annual Meeting of Shareholders and without requiring a shareholder vote. By structuring the transaction as a taxable spin-off, the Board and management team have conveniently ducked shareholder approval of the transaction. We believe that shareholders deserve the right to express their views on such a material and potentially value-destroying plan. The proposed spin-off is far too important for the future value of AIV to be rushed through without shareholder support. We therefore call on the Board to immediately put the proposed spin-off to a shareholder vote. We also call on the Board to provide a fulsome explanation as to whether it fully explored all available strategic opportunities to maximize value for AIV, including a sale of the Company. Did the Board seek and/or receive any offers for the Company given the current discounted share price and robust private institutional demand for apartment assets? Is the proposed spin-off truly the most value-maximizing opportunity available or are the Board and management team attempting to jettison their lousy track records and avoid accountability at all costs? Shareholders deserve answers...Make no mistake: AIV is worth substantially more than its shares are trading for today. It seems clear to us that if the Board were interested in maximizing value for all shareholders, it would have thoroughly explored selling the Company closer to the $58/share NAV, 75% upside from yesterday's close, rather than have shareholders languish under Chairman and CEO Terry Considine post-spin at a substantial discount to NAV as it has under his leadership historically."
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NVS | Hot Stocks10:30 EDT Michigan joins $678M settlement to resolve kickback allegations against Novartis - Attorney General Dana Nessel announced that Michigan will receive a portion of a $678M settlement with Novartis Pharmaceuticals, resolving allegations that the company paid kickbacks to medical providers in the form of cash, meals, entertainment and honoraria payments to induce them to prescribe various medications that treat hypertension or Type 2 diabetes. The settlement includes 27 other states and the District of Columbia, with about $3M of the total settlement amount resolving claims specifically related to Michigan's Medicaid program. Reference Link
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AZO | Hot Stocks10:23 EDT AutoZone: Domestic SSS up 16.5% in August, down from May through July
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AZO | Hot Stocks10:21 EDT AutoZone doesn't see anything that changes bullish view on industry long-term
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AZO | Hot Stocks10:20 EDT AutoZone believes sales will remain elevated 'for some time' - Comments taken from Q4 earnings conference call.
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WPRT | Hot Stocks10:16 EDT Weichai Westport issues clarification, says WP12HPDI engine not production ready - In order to avoid confusion among customers and investors in regard to the press release titled "Weichai Westport Secures Chinese Certification for WP12 Natural Gas Engine Powered by HPDI 2.0" issued by Westport Fuel Systems Inc. on September 18, Weichai Westport Inc. hereby issues a clarification statement as follows: "The WP12HPDI engine referred to the Westport Fuel Systems Inc.'s announcement is the WP12.460E60HPD engine produced by Weichai Westport Inc. Although the engine has obtained Certification from the Ministry of Ecology and Environment of the PRC, it may not be sold to the market according to the relevant Laws and Regulations of the People's Republic of China. Vehicles that apply with the WP12.460E60HPDI engine must successfully complete calibration work for high altitude, high temperature, cold environment and vehicle durability testing of over 700,000km before entering the market for sale. As a result, the Weichai Westport Inc. is unable to offer the WP12.460E60HPDI engine to the market on commercial terms at this stage." Reference Link
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MTN PEP | Hot Stocks10:04 EDT Vail Resorts, PepsiCo expand partnership focused on waste reduction - Vail Resorts (MTN) and PepsiCo (PEP) announced an expansion of their partnership to 18 additional Vail Resorts locations across North America, including Whistler Blackcomb in British Columbia, Mount Snow in Vermont, and Hunter Mountain in New York. In addition to renewing and expanding their product distribution partnership to now 33 total resorts globally, PepsiCo committed to a "significant investment annually in projects that support Commitment to Zero, Vail Resorts' sustainability pledge to achieve a zero net operating footprint by 2030, including zero waste to landfill." Through a multi-year sustainability roadmap, the companies will focus on waste reduction, including reducing beverage and food packaging waste and replacing wax-lined paper cups with compostable or durable PepsiCo products. Vail Resorts and PepsiCo have already begun this work at select resorts. "At the end of the 2018/19 ski season, the companies shared that more than 250,000 wax-lined paper cups (or 7,750 pounds of waste) had been saved from landfill as a result of this switch at multiple on-mountain restaurants. In synergy with Vail Resorts' Commitment to Zero initiative, PepsiCo has its own target to make 100 percent of its product packaging recyclable, compostable, or biodegradable by 2025," they said in a statement.
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KZIA | Hot Stocks10:03 EDT Kazia announces clinical collaboration with Dana-Farber Cancer Institute - Kazia Therapeutics announces that it has entered into a collaboration with Dana-Farber Cancer Institute in the United States to investigate the use of Kazia's investigational new drug, paxalisib, in primary central nervous system lymphoma, a potential new indication for the drug. Kazia CEO, Dr James Garner, commented, "this is an exciting new opportunity for the paxalisib program. We are delighted to support the team at Dana-Farber to explore the potential for paxalisib to benefit patients with PCNSL. Dana-Farber is one of the world's leading centres of excellence in this disease, so we are immensely fortunate to be working with them. We are pleased also to see a new and important target added to the broader paxalisib clinical program, and we look forward to seeing the project commence." Kazia's financial support to the study will use a portion of the funds contributed by shareholders in the share purchase plan conducted in May 2020, Kazia stated.
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RDHL | Hot Stocks10:02 EDT RedHill Biopharma: Brazil approves Phase 2/3 COVID-19 study with opaganib - RedHill Biopharma announced approval from the Brazilian Health Regulatory Agency for its ongoing global Phase 2/3 study evaluating opaganib in patients hospitalized with severe COVID-19 pneumonia. Opaganib is a first-in-class, orally-administered, sphingosine kinase-2 selective inhibitor with demonstrated dual anti-inflammatory and antiviral activity that targets a host cell component, unaffected by viral mutation, thus minimizing the likelihood of resistance. The company is in discussions with U.S. government agencies around potential funding to support the rapid advancement of opaganib toward potential emergency use approval.
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AIV | Hot Stocks10:00 EDT Land & Buildings calls on Aimco to allow shareholder vote on spinoff - Land & Buildings Investment Management, a shareholder of Aimco, issued a public letter to the company's board, which reads in part, "Land & Buildings Investment Management LLC, a large shareholder of Apartment Investment and Management Company, has significant concerns regarding the Company's announcement on September 14, 2020, of its plan to separate its business into two, separate and distinct, publicly traded companies, Apartment Income REIT and Aimco, through a reverse spin-off. We believe the proposed transaction will not close the Company's substantial discount to net asset value and is a thinly veiled attempt by management and the Board of Directors to rid themselves of a decades-long poor track record rather than address the fundamental issues challenging the Company. Specifically, shareholders will receive a taxable dividend of about 90% of the Company's coveted apartments in connection with the proposed spin-off. It is highly unlikely that both Aimco and AIR combined will trade anywhere close to AIV's stated NAV of $58 per share....We believe that shareholders deserve the right to express their views on such a material and potentially value-destroying plan. The proposed spin-off is far too important for the future value of AIV to be rushed through without shareholder support. We therefore call on the Board to immediately put the proposed spin-off to a shareholder vote." Reference Link
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CUB | Hot Stocks10:00 EDT Cubic falls -7.0% - Cubic is down -7.0%, or -$4.17 to $55.39.
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ACEL | Hot Stocks10:00 EDT Accel Entertainment falls -9.6% - Accel Entertainment is down -9.6%, or -$1.35 to $12.72.
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ADCT | Hot Stocks10:00 EDT ADC Therapeutics falls -11.0% - ADC Therapeutics is down -11.0%, or -$5.00 to $40.25.
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MTDR | Hot Stocks10:00 EDT Matador rises 9.7% - Matador is up 9.7%, or 82c to $9.37.
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GME | Hot Stocks10:00 EDT GameStop rises 18.8% - GameStop is up 18.8%, or $1.65 to $10.40.
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CVNA | Hot Stocks10:00 EDT Carvana rises 25.2% - Carvana is up 25.2%, or $43.80 to $217.47.
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ZNH | Hot Stocks09:47 EDT China Southern Airlines falls -4.1% - China Southern Airlines is down -4.1%, or -$1.19 to $28.01.
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LAC | Hot Stocks09:47 EDT Lithium Americas falls -4.2% - Lithium Americas is down -4.2%, or -41c to $9.42.
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ACEL | Hot Stocks09:47 EDT Accel Entertainment falls -9.2% - Accel Entertainment is down -9.2%, or -$1.30 to $12.77.
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APG | Hot Stocks09:47 EDT APi Group rises 8.7% - APi Group is up 8.7%, or $1.20 to $15.01.
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GME | Hot Stocks09:47 EDT GameStop rises 17.8% - GameStop is up 17.8%, or $1.56 to $10.30.
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CVNA | Hot Stocks09:47 EDT Carvana rises 20.6% - Carvana is up 20.6%, or $35.69 to $209.36.
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LLY | Hot Stocks09:31 EDT Health Canada approves Trulicity as adjunct to diet, exercise, therapy - On September 11, 2020, Health Canada approved Trulicity to reduce the risk of non-fatal stroke in adults with type 2 diabetes mellitus who have multiple cardiovascular risk factors or established cardiovascular disease, as an adjunct to diet, exercise, and standard of care therapy. This decision makes Eli Lilly and Company's Trulicity the first and only GLP1 receptor agoniss approved to provide a cardiovascular benefit in people with multiple CV risk factors or with established cardiovascular disease. The new indication reflects the differentiated patient population of REWIND, the Trulicity cardiovascular outcomes trial. The study consisted primarily of people with multiple cardiovascular risk factors without established cardiovascular disease. REWIND showed a significant risk reduction in MACE-3, a composite endpoint of nonfatal myocardial infarction, non-fatal stroke or CV death. Results demonstrated consistent MACE-3 risk reduction with Trulicity across major demographic subgroups. Trulicity's safety profile was consistent with the GLP-1 RA class. The most common adverse events leading to the discontinuation of Trulicity were gastrointestinal events. In addition to its proven glycemic efficacy and easy-to-use device, Trulicity can now be prescribed to provide cardiovascular benefit to people with type 2 diabetes.
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BOXL | Hot Stocks09:29 EDT Boxlight in $22M funding pact with The Lind Partners - Boxlight announced its entry into a funding agreement for gross proceeds of $22,000,000 with Lind Global Macro Fund, an investment fund managed by The Lind Partners, a New York based institutional fund manager. "Proceeds from the investment, along with the $34.5M in gross proceeds from our July 2020 offering, will be used for future acquisition opportunities," said Michael Pope, Chairman and Chief Executive Officer at Boxlight. "Specifically, we are targeting companies for acquisition that will either increase our global footprint or enhance our solutions portfolio for the education market. Potential candidates will be immediately accretive, generate significant revenues, produce positive earnings, and exhibit substantial growth potential." The investment is in the form of a $22,000,000 convertible note with a 24-month maturity, a 4% APR, and a fixed conversion price of $3.50 per share of Boxlight's Class A voting common stock. Principal payments are due in 20 monthly installments beginning November 2020. Under the terms of the note, Boxlight has the right to make principal and interest payments in the form of either cash or Class A common stock. Boxlight also has the right to prepay the convertible note at any time without penalty. Should Boxlight choose to exercise its Buy-Back Right, Lind Global Macro Fund will have the option of converting 25 percent of the outstanding face value into shares of Boxlight Class A common stock. "We are pleased to provide another follow-on investment to Boxlight," said Phillip Valliere, managing director at The Lind Partners. "Boxlight's management team has exhibited a strong history of integrating successful acquisition targets, and we are confident in their ability to continue to grow through future acquisitions as well as organically. We are also impressed with the company's progress over recent quarters including new product launches and partnerships, significant contract wins, improved earnings and healthy working capital."
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IHRT | Hot Stocks09:20 EDT iHeartMedia launches new podcast in partnership with Hillary Clinton - iHeartMedia announced "You and Me Both with Hillary Clinton," an iHeartRadio original podcast hosted by Hillary Clinton. The 24-episode show joins the iHeartPodcast Network beginning September 29 and will be available on iHeartRadio and everywhere else podcasts are heard. "You and Me Both with Hillary Clinton" will feature interviews with guests including Sarah Cooper, Gloria Steinem, Stacey Abrams, Aminatou Sow, Ann Friedman, Samin Nosrat, Patton Oswald, Tan France and more.
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NH | Hot Stocks09:20 EDT NantHealth rolls out NaviNet AllPayer subscription-based platform nationally - NantHealth announced the national rollout of NaviNet AllPayer, a subscription-based platform allowing providers increased visibility into standard eligibility and benefit information for over 1,000 commercial and government health plans using a single login. Providers can also check claim status for over 550 health plans. AllPayer eliminates the need to sign-in to multiple portals, helps cut down wait times for prior authorizations, and eliminates long-term contracts by offering month-to-month service. Providers can access the AllPayer platform as members of NaviNet Open. Building upon the existing multi-payer experience of NaviNet Open, NaviNet AllPayer expands the breadth of the health plan reach, increases efficiency by eliminating the need to jump between portals or to spend time on the phone in search of information, and facilitates ease of use by allowing for the option to cancel, upgrade or downgrade at any time. In addition, the intuitive navigation and seamless integration into existing workflows further confirm the full-service nature of the platform. "The national expansion of NaviNet AllPayer broadens health care provider access to over 1,000 commercial and state Medicaid plans; a significant increase from the 47 sponsored health plans we currently offer from NaviNet," said Ron Louks, Chief Operating Officer, NantHealth. "NaviNet AllPayer is our solution for creating the most uniform and user-friendly experience for healthcare organizations everywhere
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GNUS | Hot Stocks09:18 EDT Genius Brands appoints Marc Rosenberg as president of global brands, CMO - Genius Brands announced that Marc Rosenberg has been appointed President of Global Brands and CMO. Most recently, Marc Rosenberg was the CMO at Zizzle. Rosenberg will continue to own his current Edge Desk business, with the current management operating the day-to-day business with his oversight.
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MRNS | Hot Stocks09:18 EDT Marinus Pharmaceuticals announces one-for-four reverse stock split - Marinus Pharmaceuticals announced that it will effect a one-for-four reverse stock split of its common stock at 5:00 pm ET today. Beginning with the opening of trading on September 23, the company's common stock will trade on The Nasdaq Global Market on a split-adjusted basis under a new CUSIP number 56854Q200. The company's stockholders approved an amendment authorizing the reverse stock split at its Special Meeting of Stockholders on March 31, 2020. The reverse stock split was effected by filing a Certificate of Amendment to the company's Restated Certificate of Incorporation with the Secretary of State of the State of Delaware. The reverse stock split will be effected simultaneously for all outstanding shares of common stock and the ratio will be the same for all outstanding shares of common stock. The reverse stock split will affect all holders of shares of Marinus common stock uniformly and each stockholder will hold the same percentage of Marinus common stock outstanding immediately following the reverse stock split as that stockholder held immediately prior to the reverse stock split, except for adjustments that may result from the treatment of fractional shares as described below.
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WTKWY | Hot Stocks09:16 EDT Wolters Kluwer granted patent for LegalView BillAnalyzer technology by USPTO - Wolters Kluwer announced that the U.S. Patent and Trademark Office, or USPTO, has granted the company patent No. 10,733,675 for the artificial intelligence, or AI, technology behind LegalView BillAnalyzer. Wolters Kluwer introduced LegalView BillAnalyzer in 2017 to help corporate legal departments and insurance claims organizations more efficiently manage their incoming legal invoices and improve cost management. The proprietary AI-powered bill review automated scoring system is able to provide a high degree of accuracy and efficiency in the overall bill review process compared to non AI-powered bill review processes.
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CSSE | Hot Stocks09:16 EDT Chicken Soup for the Soul annonces programming license deals for Crackle Plus - Chicken Soup for the Soul Entertainment announced new programming license deals for Crackle Plus. The new license deals cover approximately 1,600 hours of content from companies including KDMG, Endemol Shine, The Film Detective, Arclight, and TBN. The 1,600 hours of content includes movies and series with must-see programs like Night of the Living Dead, Charade, and House on Haunted Hill from The Film Detective, Legion of Honor from KDMG, The Omega Code from TBN, Dance of the Dragon, Ghost Rituals, and Dinosaur Island from Arclight, and eight seasons of the acclaimed Australian drama series McLeod's Daughters as well as three seasons of the popular reality series Flavor of Love from Endemol Shine International.
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RCI | Hot Stocks09:12 EDT Rogers Communications expands 5G network to five new cities - Rogers Communications announced it has launched 5G on Canada's most trusted and reliable network in Ajax, Burlington, Grimsby, Oakville and Whitby, Ontario, bringing consumers and businesses the very best in mobile wireless technology to their own neighbourhoods and business parks. Rogers 5G, powered by Ericsson, is the largest 5G network in Canada, now reaching 25 cities and towns in Ontario and more than 60 across Canada. These expansions build on the company's January roll out of 5G in downtown Montreal, Ottawa, Toronto and Vancouver.
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LAD | Hot Stocks09:11 EDT Lithia Motors enters Tennessee market expanding reach in the southeast region - Lithia Motors announced the purchase of Jim Cogdill CJDR in Knoxville, Tennessee. "We are excited to share that we have expanded our southeastern regional presence by entering the Tennessee market, serving Knoxville and neighboring communities," said Bryan DeBoer, Lithia Motors President and CEO. "The growth of our physical network expands our ability to provide consumers convenient and affordable new vehicle, used vehicle, service and parts solutions. Together, with our Driveway digital home channel, we are providing flexible and complete vehicle ownership solutions wherever, whenever and however consumers desire." The Knoxville location is expected to add $90M in annualized revenue, bringing Lithia's total network expansion to over $1.7B in revenue thus far in 2020. This acquisition was funded using free cash flow and existing on-balance sheet capacity. "We welcome the Knoxville team and their dedication to continuing to serve their community," stated DeBoer.
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EMR | Hot Stocks09:11 EDT Emerson Electric gets contract to modernize Salto Grande Hydroelectric Complex - The Salto Grande Mixed Technical Commission has awarded Emerson a contract to modernize operations at the binational Salto Grande Hydroelectric Complex. The project is the first of a three-stage, 30-year, $960M investment to extend the life and improve the efficiency and safety of the 40-year-old complex located between Argentina and Uruguay. Beyond supplying renewable energy to parts of Uruguay and Argentina, the 1,890-megawatt Salto Grande facility regulates the flow of the Uruguay River, meeting the demand for drinking water supply and irrigation, preserving wildlife and ensuring the safety of local residents. Hydropower generates power by running water through turbines. The five-year contract calls for Emerson to modernize 14 hydroelectric turbine governors with its Ovation automation technology, designed to control and monitor hydropower operations. The solution includes measurement and machinery instrumentation for monitoring process conditions and will help provide reliable power generation that is highly responsive to the dynamic needs of the region's electrical grid.
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OXFD | Hot Stocks09:11 EDT Oxford Immunotec, PHE partner in trial using T-SPOT Discovery SARS-CoV-2 test - Oxford Immunotec announced that it has entered into an extensive research collaboration with Public Health England. As part of this, PHE has launched the 'Evaluating Detection of SARS-CoV-2 antibodies using home test kits' study, a cohort study of high risk and lower risk populations to provide rapid validation of SARS-CoV-2 testing kits. With this collaboration, the Company will be contributing its T-SPOT Discovery SARS-CoV-2 testing kits for use in the trial. The T-SPOT Discovery SARS-CoV-2 test is unique within the trial as it is the only test that uses the T cell response rather than antibody-mediated immunity to investigate previous exposure to the virus. Limitations have been reported with the measurement of antibody-mediated immunity, including that: Antibodies may not be present after infection, Where antibodies are present they may not persist over time, and There is currently no direct evidence that people who do have detectable antibodies are protected from a second infection. Measuring T cells in conjunction with other tests may overcome some of these issues. The T-SPOT Discovery SARS-CoV-2 test will be used to generate data to help understand: How widely T cells are produced in confirmed infected patients; Whether T cells are able to be detected in infected patients who are serology negative; The strength of the T cell response against SARS-CoV-2 both with and without a concomitant antibody response; The breadth of, and potentially the longevity of, the T cell response to SARS-CoV-2.
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RMNI | Hot Stocks09:09 EDT Green Cargo extends support agreement with Rimini Street for its SAP application - Rimini Street announced that Green Cargo, the Swedish state-owned rail logistics operator, has renewed and extended support and maintenance for its mission-critical SAP ECC 6.0 platform with Rimini Street. Green Cargo first switched to Rimini Street Support in 2017 and is continuing with the Company's ultra-responsive high-quality support model to enable the organization to continue to focus on its transformation initiatives - including the adoption of an agile, low-code application strategy - confident in the knowledge that its core SAP applications will remain stable and reliable under Rimini Street Support.
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SBGI | Hot Stocks09:09 EDT Sinclair Broadcast hires J.R. McCabe as Chief Business Officer - Sinclair Broadcast Group announced that it has hired J.R. McCabe in the newly-created role of Chief Business Officer of D2C/ Gamification. In this capacity, Mr. McCabe will help oversee and build the company's efforts around gamification, utilizing his extensive experience in creating and launching media assets that unlock new revenue streams and maximize consumer engagement. McCabe brings over 25 years of experience, having held roles in content creation, sales and marketing, product development, and leadership across the media industry. Most recently, he was Chief Business Officer for a privately-held portfolio of gameplay and e-sports businesses, Poker Central & Estars Studios, where he drove business growth through forging strategic partnerships, launching a first-of-its-kind subscription channel, PokerGO, and establishing the vision for a technology center of excellence focused on data-driven decision-making.
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MDT | Hot Stocks09:07 EDT Medtronic receives BDD status from FDA for TYRX - Medtronic has received Breakthrough Device Designation, or BDD, status from the FDA for the TYRX Absorbable Antibacterial Driveline Wrap, which is intended to securely hold a percutaneous driveline in patients receiving a ventricular assist device, VAD. A vital component of VAD systems, the driveline connects the implanted heart pump to an external controller that is powered by an AC or DC adapter, or external batteries. The pump increases the amount of blood that circulates through the body in patients with advanced heart failure.
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CRSP VRTX | Hot Stocks09:07 EDT Crispr Therapeutics, Vertex granted PRIME designation for CTX001 - CRISPR Therapeutics (CRSP) and Vertex Pharmaceuticals (VRTX) announced the European Medicines Agency has granted Priority Medicines designation to CTX001, an investigational, autologous, ex vivo CRISPR/Cas9 gene-edited therapy for the treatment of severe sickle cell disease.
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RL | Hot Stocks09:07 EDT Ralph Lauren to reduce global workforce by the end of FY21 - Ralph Lauren announced steps to accelerate its "Next Great Chapter" plan, which include establishing a simplified global organizational structure and rolling out enhanced technology platforms to support the company's global operations. Ralph Lauren announced plans to reduce its global workforce by the end of the company's FY21, which is expected to result in gross annualized pre-tax expense savings of approximately $180M-$200M, with savings realization primarily beginning in the company's FY22. In connection with the reduction in workforce, the company expects to incur total estimated pre-tax charges of approximately $120M-$160M. In addition to the actions announced, the company anticipates additional actions associated with the aforementioned initiatives as part of the FY21 strategic realignment plan. The company is transforming how it operates with the implementation of new technology platforms across several areas of its business. This includes rolling out a cloud-based human resources and planning system globally. This is a company-wide initiative to digitize the product journey. "The changes happening in the world around us have accelerated the shifts we saw pre-COVID, and we are fast-tracking some of our plans to match them - including advancing our digital transformation and simplifying our team structures," said Patrice Louvet, president and CEO. "These steps will enable us to progress our brand elevation journey and deliver Ralph's vision in today's dynamic environment - inspiring our consumers around the world and creating value for all of our stakeholders."
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RICK | Hot Stocks09:06 EDT RCI Hospitality announces settlement with SEC - RCI Hospitality Holdings announced the settlement by the company, CEO Eric Langan, and former CFO Phillip Marshall of a civil administrative proceeding with the SEC and the conclusion of the previously disclosed SEC investigation. The company, Langan and Mr. Marshall agreed, without admitting or denying the findings, to a cease-and-desist order regarding certain sections of the Securities Exchange Act of 1934 and certain rules promulgated thereunder. The SEC's administrative summary and order regarding its settlement with RCI, Mr. Langan and Mr. Marshall can be found at https://www.sec.gov/enforce/34-89935-s. As part of the settlement, the company agreed to a civil penalty in the amount of $400,000, and Mr. Langan and Mr. Marshall agreed to civil penalties in the amount of $200,000 and $35,000, respectively. Separately, the SEC also reached a settlement with Steve L. Jenkins, a former member of RCI's board of directors.
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PLAN GOOG | Hot Stocks09:05 EDT Google Cloud, Anaplan team to offer Anaplan's enterprise platform on Google - Google Cloud (GOOG) and Anaplan (PLAN) announced a strategic partnership to offer Anaplan's platform for enterprise planning and business performance on Google Cloud. As Anaplan's first public cloud offering, the partnership brings customers added intelligence, choice, and scalability to solve complex business problems and link business strategy to operational drivers and financial outcomes. An Anaplan customer since 2016, Google has deployed the Anaplan platform on Google Cloud with multiple use cases across sales, supply chain and finance. With Anaplan on Google Cloud, global enterprises can leverage the leading performance of Anaplan's in-memory, Hyperblock calculation engine running on Google Cloud's global, high-performance, scalable and secure infrastructure. In addition, the partnership will enable Anaplan to expand its global reach so customers can benefit from using Anaplan at closer proximity to their operations with greater choice and control to comply with local and industry-specific data residency and compliance requirements. To help businesses improve decision-making and planning, Google Cloud and Anaplan, together with services partners, will offer an extended platform for data storage and analytics, leveraging BigQuery and Google Cloud's AI/ML capabilities. These integrations will enable organizations to blend first-party Anaplan data with third-party data sources for dynamic, real-time modeling of large amounts of critical data to deliver new business insights. "We are committed to helping businesses modernize and accelerate their most critical operations with Google Cloud," said Thomas Kurian, CEO at Google Cloud. "Through our partnership with Anaplan, we are bringing highly performant infrastructure and intelligent innovation to enterprise planning, ultimately helping organizations make better business decisions."
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APT | Hot Stocks09:05 EDT Alpha Pro Tech expands share repurchase program by $5M - Alpha Pro Tech announced that its Board of Directors has authorized a $5M expansion of the Company's existing share repurchase program. With this authorized expansion, the Company now has approximately $7M available to repurchase shares of the Company's common stock, $2M of which remains from the previous expansion, most recently announced in December 2019.
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GOOG... | Hot Stocks09:05 EDT Anaplan, Google Cloud announce strategic partnership - Google Cloud (GOOG, GOOGL) and Anaplan (PLAN) announced a strategic partnership to offer Anaplan's platform for enterprise planning and business performance on Google Cloud. As Anaplan's first public cloud offering, the partnership brings customers added intelligence, choice, and scalability to solve complex business problems and link business strategy to operational drivers and financial outcomes. An Anaplan customer since 2016, Google has deployed the Anaplan platform on Google Cloud with multiple use cases across sales, supply chain and finance.
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GRIL | Hot Stocks09:04 EDT Muscle Maker to open third ghost kitchen in Chicago's Wabash neighborhood - Muscle Maker announced that it has opened its third out of five ghost kitchen locations in Chicago. The location opened its doors on Friday September 18th and is located in the Wabash neighborhood of Chicago. Wabash is home to roughly 70,000 employees stemming from employers like JP Morgan Chase and Accenture. The neighborhood also supports many universities and medical centers giving this new ghost kitchen location the ability to reach over 50,000 students and faculty who are looking for healthy food delivered fast. The remaining two locations in Chicago will be open by Thanksgiving and will give the company complete coverage throughout the entire city of Chicago. Muscle Maker Grill plans to open its first location with a new ghost kitchen partner, Reef Kitchens in Union City, NJ in a few weeks and will also roll out two additional ghost kitchens in Philadelphia in the next 60 days. Muscle Maker Grill already has brand recognition in Philadelphia as it has a traditional brick and mortar location in northern Philadelphia and two surrounding New Jersey area locations.
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TGEN | Hot Stocks09:02 EDT Tecogen receives order for multiple Ultera emission reduction systems - Tecogen announced the sale of two of its proprietary Ultera emissions reduction systems for use by the Eastern Municipal Water District at its facility in Winchester, California. The sale is the second phase of the project, following completion of the engineering for the larger Ultera system required for the 800-horsepower natural gas Caterpillar engines being procured for the project. The pumps at the installation site were previously powered by engines that are being replaced by EMWD in part to ensure compliance with the highly stringent emissions requirements of the South Coast Air Quality Management District. SCAQMD has jurisdiction over air regulatory matters in large portions of Riverside, Los Angeles, Orange, and San Bernardino Counties.
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BA | Hot Stocks09:01 EDT Boeing licenses ultraviolet wand to Healthe - Boeing entered into a patent and technology license with Florida-based Healthe under which Healthe will manufacture an ultraviolet wand designed to sanitize airplane interiors. Boeing designed and developed the UV wand as part of the company's Confident Travel Initiative to support customers and enhance the safety and well-being of passengers and crews during the COVID-19 pandemic. Healthe will produce and distribute the commercial wand, helping airlines and potentially others combat the coronavirus pandemic. The technology could be available for airlines in late fall. The device is an addition to sanitizing and protective measures already in place, which include the use of high-efficiency particulate air filters that trap more than 99.9% of particulates and prevent them from re-circulating back to the cabin.
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SOLY | Hot Stocks09:01 EDT Soliton names Greater Than One Group as its integrated marketing agency - The company states: "Soliton announced that it has selected Greater Than One Group as its integrated marketing agency. The collaboration will aim to raise the visibility of the company's Rapid Acoustic Pulse device and establish the Soliton brand in the aesthetic industry through multi-channel marketing efforts. Soliton's decision to partner with GTO comes as the Company approaches initial U.S. commercialization of its Rapid Acoustic Pulse device in the first half of 2021."
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VIVE | Hot Stocks09:00 EDT Viveve issued patent for SUI method of treatment from USPTO - Viveve announced that the United States Patent and Trademark Office, or USPTO, has issued U.S. Patent No. 10,779,874 covering Viveve's method of treatment to address stress urinary incontinence, or SUI, in women. The company said that the newly granted patent strengthens the company's intellectual property portfolio in advance of the launch of its U.S. pivotal PURSUIT clinical trial for SUI in women. Viveve's dual-energy technology has demonstrated its ability to activate fibroblasts and initiate collagen formation in underlying vaginal tissue. When applied in the area of the urethra and tissue surrounding the bladder neck, the technology's mechanism of action may strengthen and improve the function of connective tissues, improve vaginal structural integrity and reduce urethral hypermobility, a leading cause of SUI in women.
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IAC | Hot Stocks08:59 EDT IAC's Dotdash acquires Simply Recipes and Serious Eats, terms not disclosed - Dotdash announced its acquisition of food and recipe sites Simply Recipes and Serious Eats from Fexy Media. This is the fifth acquisition for Dotdash since the beginning of 2019. The deal closed September 21.
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BLNK | Hot Stocks08:48 EDT Blink sells, deploys 539 EV charging stations across 24 states, four countries - Blink Charging announced that it has sold or deployed 539 EV charging stations in the United States and internationally during the summer Covid-19 lockdowns of June, July, and August 2020. These numbers represent a nearly 100% increase over the same three-month period in 2019, further expanding Blink's presence across key markets experiencing significant growth in EV adoption. In the United States 300 charging stations were sold or deployed commercially including 178 new level 2 IQ 200 units along with 2 DC fast charging units. 120 of the EV charging stations were "swaps" from first generation equipment to the new Blink IQ 200 reflecting the company's initiative to upgrade first generation chargers. 209 of the charging stations deployed are Blink owned and operated while 91 were sold directly to the host location. The newly sold or deployed Blink charging stations can be found on the campuses of universities, healthcare providers and corporate workplaces, retail parking facilities and multifamily properties. Multifamily residential represented nearly 40% of all new locations, followed by education, automotive, and healthcare locations. These additions to the Company's footprint spanned 24 states, with California representing 37% of the installations, adding to the Company's 1,250 units already in the state. Blink's expanding infrastructure in California is a result of the Company's efforts to strengthen its sales force and resources to service the state's combined hybrid/electric vehicle market, which represented 13.2% of vehicles in the EV market in 2019. During the same period, the Company also sold 134 residential HQ 100 chargers through digital sales channels, representing a 73% increase over the same three-month period last year. Internationally, the Company deployed 105 charging stations. In the Dominican Republic Blink expanded its presence through a strategic partnership with InterEnergy, accounting for 52 new commercial EV Charging stations including 12 DC Fast chargers and 40 level 2 Blink IQ 200 units. In partnership with Eunice Energy Group, Blink Charging Hellas deployed 50 of the IQ 250-EU units in Greece. Three additional EV charging stations were added to the Company's expanding footprint in Israel.
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NEOG | Hot Stocks08:48 EDT Neogen CEO: Conditions across many markets 'remain sluggish and challenging' - "Considering the ongoing difficult global business climate, we are pleased to report increased revenues and net income as we continue to take the necessary measures to protect our employees and business - and the global food supply," said John Adent, Neogen's president and CEO. "Although conditions across many of our markets remain sluggish and challenging, the first quarter showed Neogen's resilience to difficult conditions due to the diversity of our portfolio of products and services. As our food safety markets faced disruption, we continued to have strong growth in our genomics business - and we worked to meet the global demand for our biosecurity products, including cleaners, disinfectants, and hand sanitizers. We are also pleased with the tremendously positive market reaction following the recent launch of our next generation automated general microbiology test system, Soleris NG."
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NEOG | Hot Stocks08:47 EDT Neogen reports Q1 gross margin 46% vs. 47.5% a year ago - Neogen's gross margin was 46.0% of sales in the first quarter of the current fiscal year, compared to 47.5% recorded in the same period a year ago, driven by a mix shift in the Food Safety segment toward lower margin products.
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DSS | Hot Stocks08:47 EDT Document Security reiterates plans for Impact Biomedical share dividend - Document Security Systems reiterates its plans for its previously announced Impact BioMedical share dividend. The first tranche of the two-part special share dividend was announced in August 2020, and DSS shareholders of record as of the record date of 5:00 p.m. ET on September 7, 2020 earned a bonus of two shares of Impact BioMedical for every one share of DSS common stock held as of the Record Date. Shareholders are not required to hold their DSS shares beyond the Record Date to receive the Bonus Shares. The Bonus Shares are expected to be issued after an IPO of Impact BioMedical, which the Company is targeting in 2021. While there can be no assurance that Impact BioMedical will be taken public and/or that any Bonus share distribution will occur, particularly due to unforeseen circumstances including fulfilling the pre-requisite criteria during the IPO application process and market forces beyond the Company's control, it is the intention of management and the Board to take Impact BioMedical public. A second tranche of the special share dividend is expected to provide an additional two shares of Impact BioMedical for each common share of DSS held at a yet to be determined record date. DSS announced the closing of its acquisition of Impact BioMedical on August 21, 2020. Impact BioMedical's ownership of a suite of antiviral and medical technologies has been valued at $382M by Destum Partners, known globally for its high level of expertise and capability in independently valuing and advising on pharmaceutical technology. On May 26, 2020, Impact BioMedical disclosed that it received a valuation of $933M for this suite of technology from a different independent valuation firm. Unlike the previous valuation, the new valuation takes into consideration numerous additional disease applications of the suite of antiviral and medical technologies.
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WEYL | Hot Stocks08:44 EDT Weyland Tech sees 2020 revenue exceeding $38M - Logiq expects to end 2020 with record revenue at more than $38M, with margins expanding across all business segments. "Despite a tumultuous year of challenges and setbacks created by the global pandemic, we have been able to transform Logiq into a global provider of a full-range of eCommerce solutions for companies of all sizes," said Logiq president, Brent Suen. "This has kept us on course for growth in 2020 and beyond with more diversified, high-margin revenue streams derived from the strongest segments of our industry." Together, PayLogiq and GoLogiq annualized gross transaction volume currently exceeds $24M. Comparative M&As and investments place the valuation of PayLogiq and GoLogiq at 2-4 times their GTV or at $48M to $96M. The combined GTV growth outlook for 2021 currently exceeds $50M. Logiq sees revenue in the second half of 2020 to be driven primarily by 20% growth in DataLogiq, leading to more than $38M in revenue for the year. DataLogiq's strong growth will be partially offset by a slow return to growth in AppLogiq subscription revenue due to the impact of a COVID-19 lockdown in Jakarta, Indonesia where most of AppLogiq's distributors and customers operate. AppLogiq is expected to return to its historical double-digit growth in 2021. The company has also implemented a transition away from lower margin distributor relationships for AppLogiq, replacing them with either higher-margin engagements or higher-margin direct sales given the results of a successful new online marketing program announced in August. DataLogiq remains on track to reach the higher end of its 2020 revenue guidance issued earlier this year of $13M to $15M, with gross margins expanding to nearly 20% by year end. Logiq expects its net loss, driven primarily by the pandemic impact, to improve from $4.5M in the first half of the year to about $2M in the second half, with this improvement trend continuing into the new year, as margin improve from around 18% to the target of 30-32% in 2021. Also driving future growth will be the near-term completion of the recently announced Fixel AI acquisition and the increased beneficial stake in the company's PayLogiq/GoLogiq subsidiary from 31% to 51%. Gaining control PayLogiq/GoLogiq positions the company to consolidate the subsidiary's revenue and take better advantage of any potential strategic alternatives, as mergers and acquisitions, as well as eCommerce business in general continue to intensify.
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ICE C | Hot Stocks08:42 EDT Intercontinental Exchange announced that Citi has joined the ICE ETF Hub - Intercontinental Exchange (ICE) announced that Citi (C) has joined the ICE ETF Hub as an authorized participant. Citi was a founding member of the ICE ETF Hub advisory committee, providing early feedback on the design of the platform. "As an early member of our advisory committee, Citi has provided valuable insights and constructive guidance, which have been critical in improving the platform and bringing more efficiencies to the ETF primary market. Because of this, we're particularly excited to have them join the platform as an authorized participant," said Peter Borstelmann, President of ICE Bonds and Head of ICE ETF Hub. ICE ETF Hub is an industry-wide, open architecture, technology solution, offering a more standardized and simplified process for the creation and redemption of ETF shares. It currently supports both US-listed domestic equity and fixed income ETFs.
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ZIOP | Hot Stocks08:41 EDT Ziopharm appoints Kevin Buchi to board of directors - Ziopharm Oncology announced the appointment of J. Kevin Buchi to the Company's Board of Directors and as Chair of the Board's Audit Committee. Additionally, Ziopharm announced that, in response to the results from the Company's recent annual meeting of stockholders, Doug Pagan has resigned from the Board. Buchi most recently served as CEO of Biospecifics Technologies, prior to his retirement. The Company's Board consists of eight directors, including seven non-executive directors. The Board will continue to actively review the Board membership to ensure the skills and experience of directors support the progress and future prospects of the business.
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PFSW | Hot Stocks08:40 EDT PFSweb to open fulfillment distribution center in Belgium - PFSweb is opening an additional fulfillment distribution center in Liege, Belgium. As a part of its operations business unit, PFS, the company operates multiple fulfillment centers to support its operations across the world. The new facility in Belgium expands the PFS global fulfillment center footprint to nine facilities. Similar to the new PFS facility in the Dallas area announced in August, this expansion allows PFS to expand daily output capacity in mainland Europe for key client expansions as the peak holiday season approaches. The facility is near the existing Liege fulfillment center operated by PFS since 1999. This strategic location along the Canal Albert will allow for faster outbound delivery into the Netherlands and Germany, and will serve as an advantageous location for inbound product flow through boat containers. The first client in this facility is scheduled to go live in Q4 2020.
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CODI | Hot Stocks08:39 EDT Compass Diversified to acquire BOA Technology for $454M - Compass Diversified announced that it has entered into a definitive agreement to acquire BOA Technology for a purchase price of $454M. BOA was founded in 2001 with a revolutionary performance fit system that transformed how snowboarders "dialed in" their boots and offered a superior alternative to the traditional lace system. Nearly two decades later, the BOA Fit System has become the leading performance fit solution integrated into market-leading premium brand partner products across an array of segments, including snowboarding, cycling, golf, trail, hiking, mountaineering, running, court sports, workwear and medical. Designed to address the deficiencies found in traditional closures, the BOA rotational dial-based fit system is superior to traditional laces, buckles or straps, delivering a fast, effortless, precision fit that improves performance for elite athletes and enthusiasts. With more than 400 highly collaborative global brand partners integrating BOA Fit Systems in performance footwear, headwear and medical bracing products, and a large and diverse intellectual property portfolio with nearly 160 patents issued globally, BOA has established itself as a clear market leader. Headquartered in Denver, with operations in Austria, China, Japan and South Korea, BOA has built a talented team of more than 230 employees globally, as well as a strong infrastructure and systems to support future growth. BOA's new, state-of-the-art Performance Fit Lab in Denver is pioneering new ways to enhance performance through independent scientific studies, hands-on research and biomechanical testing to quantitatively define and measure the impact of the BOA Fit System on athletic performance. Following the close of the transaction, BOA will continue to be led by Mr. Neville and its current leadership team. BOA will maintain its headquarters in Denver, Colorado. The acquisition is expected to close within the next 45 days, subject to customary closing conditions. Harris Williams & Co. served as exclusive financial advisor to BOA.
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PULM JNJ | Hot Stocks08:39 EDT Pulmatrix provides update on product pipeline - Pulmatrix (PULM) provides an update on product pipeline. "COVID-19 has presented us with some challenges, but we are positioned to make progress across our product pipeline," said Ted Raad, Chief Executive Officer of Pulmatrix. "During 2020, Pulmatrix has raised over $30M through partnerships and public financing, allowing us to advance three programs towards potential proof of concept data." PUR1800: Patient dosing for the PUR1800 Ph1b is planned to start in Q1 2021 and expects both the Ph1b and 6-month toxicology data in Q3 2021. Delivery of the Ph1b study clinical study report will trigger a $2M milestone payment from Johnson & Johnson (JNJ) under the option to license agreement with Johnson & Johnson. PUR3100: company is advancing a program in migraine, a disorder with over 30M patients and significant unmet need. Company anticipates having a lead formulation for a non-clinical PK study in Q4 2020. Pulmazole: Together with partner Cipla Technologies, they decided to end hase 2 clinical study of Pulmazole for the treatment of asthma patients with ABPA. COVID-19 had a significant impact on enrollment in the first half of this year and the study was initially put on hold as the pandemic spread in 2Q 2020.
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CYBR MSFT | Hot Stocks08:38 EDT CyberArk now available on Microsoft Azure Marketplace - CyberArk (CYBR) announced availability of the CyberArk Privileged Access Security Solution on the Microsoft (MSFT) Azure Marketplace, an online store that provides applications and services for use on Microsoft Azure. The CyberArk Privileged Access Security Solution delivers a comprehensive approach to security and operational efficiency in the cloud through continuous discovery and protection of privileged accounts; just-in-time capabilities that deliver flexible user access to both cloud-based and on-premises Windows systems; and threat detection and response that can prioritize alerts on potentially risky behavior and provide the ability to quickly take control over those risky accounts. For Azure customers, access to CyberArk enables greater flexibility and efficiency in securing privileged credentials in the cloud and reducing privilege-related risk, while maximizing the business benefits of cloud-first strategies. With CyberArk, organizations can prioritize privileged access management and more easily secure applications, services, and other assets in the cloud. "With availability on the Microsoft Azure Marketplace, CyberArk is continuing to make it easier for organizations to simplify and automate the protection of privileged
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BX | Hot Stocks08:37 EDT Blackstone announces $8B final close for BREDS IV - Blackstone announced the final close of its most recent real estate debt fund, Blackstone Real Estate Debt Strategies IV, or BREDS IV. The company said BREDS IV has $8B of total capital commitments, making it the largest real estate credit fund ever raised. Blackstone Real Estate Debt Strategies has $26B of assets under management, and Blackstone Real Estate has a total of $167B of investor capital under management as of Q2. BREDS IV will have flexible capital to lend around the globe and will deploy a variety of investment strategies, including lending, liquid securities, structured solutions to financial institutions and corporate credit.
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MBII | Hot Stocks08:37 EDT Marrone Bio president, CFO James Boyd to retire - Marrone Bio Innovations announced that company President and CFO James Boyd will retire from his positions. A national search process for the new CFO is underway, and Mr. Boyd will continue as President and CFO during the search process.
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SLP | Hot Stocks08:36 EDT Simulations Plus teams with pharma firm to validate new AIDD module - Simulations Plus announced that it entered into a collaborative research agreement with a large pharmaceutical company to evaluate the new AIDD Module in the recently launched version of ADMET Predictor. Per the terms of the collaboration, the partner company has entrusted Simulations Plus with compound structure and activity data from one of their ongoing drug discovery programs. The computational chemists at Simulations Plus worked with the partner's team to define the multi-objective parameters against which the lead molecule(s) needed to be optimized. The innovative approaches within the AIDD Module are now being unleashed to produce novel libraries of virtual compounds with excellent predicted combinations of the properties we chose. Selected sets of analogs will be synthesized and tested to complement the in-house development program and assess the merits of the AIDD approach, with results expected to be jointly shared.
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SLP | Hot Stocks08:36 EDT Simulations Plus teams with pharma firm to validate new AIDD module - Simulations Plus announced that it entered into a collaborative research agreement with a large pharmaceutical company to evaluate the new AIDD Module in the recently launched version of ADMET Predictor. Per the terms of the collaboration, the partner company has entrusted Simulations Plus with compound structure and activity data from one of their ongoing drug discovery programs. The computational chemists at Simulations Plus worked with the partner's team to define the multi-objective parameters against which the lead molecule(s) needed to be optimized. The innovative approaches within the AIDD Module are now being unleashed to produce novel libraries of virtual compounds with excellent predicted combinations of the properties we chose. Selected sets of analogs will be synthesized and tested to complement the in-house development program and assess the merits of the AIDD approach, with results expected to be jointly shared.
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BYSI | Hot Stocks08:36 EDT BeyondSpring appoints Elizabeth Czerepak as CFO - Following its recent receipt of two Breakthrough Therapy Designations in both the U.S. and China for Plinabulin in the chemotherapy-induced neutropenia indication, BeyondSpring announced the appointment of Elizabeth Czerepak as CFO effective immediately. Simultaneously, Seed Therapeutics, Inc., BeyondSpring's new subsidiary focused on a targeted protein degradation platform to attack previously believed undruggable targets, has appointed Edward Liu as CFO. Mr. Liu will also retain his responsibilities as CFO of BeyondSpring, China. Czerepak recently served as CFO and Chief Business Officer for Genevant Sciences.
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FTFT | Hot Stocks08:36 EDT Future FinTech to acquire 51% of Spondula for $3.06M - Future FinTech Group announced it has signed a term sheet with Spondula, a company incorporated in the UK and the selling shareholder of Spondula on September 19. Pursuant to Term Sheet, the Company plans to acquire 51% of the total issued and outstanding shares of Spondula. The Term Sheet is non-binding except for the "Exclusivity", "Confidentiality" and "Governing Law" sections. According to the Term Sheet, FTFT or its subsidiary will acquire 51% of the total issued and outstanding shares of Spondula through a share exchange with the shareholder of Spondula. Spondula is located in the UK and it operates a global banking and money transfer platform serving both individuals and businesses. According to Term Sheet, the acquisition price is expected to be $3.06M and the consideration will be paid in FTFT's common stock, and the price of FTFT's common stock will be based on the average closing price of FTFT's common stock on the Nasdaq for the 10 trading days prior to the signing date of the definitive agreement. The parties also agreed to set rules for Valuation Adjustment Mechanism.
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FTFT | Hot Stocks08:36 EDT Future FinTech to acquire 51% of Spondula for $3.06M - Future FinTech Group announced it has signed a term sheet with Spondula, a company incorporated in the UK and the selling shareholder of Spondula on September 19. Pursuant to Term Sheet, the Company plans to acquire 51% of the total issued and outstanding shares of Spondula. The Term Sheet is non-binding except for the "Exclusivity", "Confidentiality" and "Governing Law" sections. According to the Term Sheet, FTFT or its subsidiary will acquire 51% of the total issued and outstanding shares of Spondula through a share exchange with the shareholder of Spondula. Spondula is located in the UK and it operates a global banking and money transfer platform serving both individuals and businesses. According to Term Sheet, the acquisition price is expected to be $3.06M and the consideration will be paid in FTFT's common stock, and the price of FTFT's common stock will be based on the average closing price of FTFT's common stock on the Nasdaq for the 10 trading days prior to the signing date of the definitive agreement. The parties also agreed to set rules for Valuation Adjustment Mechanism.
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SLP | Hot Stocks08:36 EDT Simulations Plus teams with pharma firm to validate new AIDD module - Simulations Plus announced that it entered into a collaborative research agreement with a large pharmaceutical company to evaluate the new AIDD Module in the recently launched version of ADMET Predictor. Per the terms of the collaboration, the partner company has entrusted Simulations Plus with compound structure and activity data from one of their ongoing drug discovery programs. The computational chemists at Simulations Plus worked with the partner's team to define the multi-objective parameters against which the lead molecule(s) needed to be optimized. The innovative approaches within the AIDD Module are now being unleashed to produce novel libraries of virtual compounds with excellent predicted combinations of the properties we chose. Selected sets of analogs will be synthesized and tested to complement the in-house development program and assess the merits of the AIDD approach, with results expected to be jointly shared.
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FTFT | Hot Stocks08:35 EDT Future FinTech to acquire 51% of Spondula for $3.06M - Future FinTech Group announced it has signed a term sheet with Spondula, a company incorporated in the UK and the selling shareholder of Spondula on September 19. Pursuant to Term Sheet, the Company plans to acquire 51% of the total issued and outstanding shares of Spondula. The Term Sheet is non-binding except for the "Exclusivity", "Confidentiality" and "Governing Law" sections. According to the Term Sheet, FTFT or its subsidiary will acquire 51% of the total issued and outstanding shares of Spondula through a share exchange with the shareholder of Spondula. Spondula is located in the UK and it operates a global banking and money transfer platform serving both individuals and businesses. According to Term Sheet, the acquisition price is expected to be $3.06M and the consideration will be paid in FTFT's common stock, and the price of FTFT's common stock will be based on the average closing price of FTFT's common stock on the Nasdaq for the 10 trading days prior to the signing date of the definitive agreement. The parties also agreed to set rules for Valuation Adjustment Mechanism.
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PRSP | Hot Stocks08:34 EDT Perspecta partners with NextgenID on remote identity verification solution - Perspecta announced that it has entered into a collaboration agreement with NextgenID to develop an identity proofing solution to remotely assess and verify the identity of individuals who apply for credentials to gain physical and network access to government facilities.
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STRS | Hot Stocks08:34 EDT Stratus Properties adopts limited-duration shareholder rights plan - Stratus Properties announced that its board has unanimously adopted a limited-duration shareholder rights plan to ensure shareholders have the benefit of the previously announced exploration of a potential conversion to a real estate investment trust, or REIT. The rights plan is intended to reduce the likelihood that concentrated share ownership adversely impacts the company's ability to qualify as and be taxed as a REIT. In order to qualify as a REIT, among other requirements, not more than 50% of a company's shares may be beneficially owned by five or fewer individuals. The rights plan is effective immediately and the record date for the rights distribution is October 2. The rights will expire on September 22, 2023. However, the rights will expire prior to that date at the earlier of the time at which the company's conversion to a REIT becomes effective and the close of business on December 31, 2021, unless shareholder approval has been obtained on or prior to such date. The rights will be exercisable only if a person or group acquires beneficial ownership of 9.8% or more of the outstanding common stock of Stratus. Any shareholders with beneficial ownership of 9.8% or more of the outstanding common stock of Stratus as of the time of this announcement are grandfathered at their current ownership levels. Shareholders are not required to take any action to receive the distribution of their rights.
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GNSS | Hot Stocks08:34 EDT Genasys awarded multi-year contract from Optus - Genasys announced that it has been awarded a multi-year contract from Optus, one of Australia's three mobile network operators, to deliver emergency alerts for the country's next-generation early warning system. Contracts from the other two mobile telecom providers are expected to be awarded shortly.
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DYSL | Hot Stocks08:33 EDT Hilger achieves ISO 45001: 2018 Occupational Health and Safety Certification - Dynasil announces that its subsidiary Hilger Crystals has achieved certification for the ISO 45001:2018 Occupational Health and Safety Standard. It is the first of all Dynasil subsidiaries to meet accreditation of the three integrated management systems standards: ISO 9001, ISO 14001, and now ISO 45001. ISO 45001:2018 specifies an international benchmark for organizations to identify, control, and decrease risks associated with occupational health and safety and an organizational commitment to continual improvement of its systems to ensure an ever safer and healthier workplace. Adherence to this standard also improves overall business performance by increasing productivity and reducing workplace illness and injury.
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ACRX | Hot Stocks08:32 EDT AcelRx awarded U.S. Army contract for DSUVIA worth up to $3.6M - AcelRx announced that the U.S. Army has awarded AcelRx with an initial contract of up to approximately $3.6M for the purchase of DSUVIA to support a study to aid the development of clinical practice guidelines. Orders under the contract may be fulfilled over the next four years as specified in the agreement, with an initial purchase expected this year.
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BIDU | Hot Stocks08:32 EDT Sectigo selected by Baidu - Sectigo announced that Baidu has chosen Sectigo to provide the back-end services for the company's all-new Baidu Trust SSL Certificates. Baidu will offer Sectigo Domain Validated, Organization Validated, and Extended Validation certificates white-labeled under the Baidu Trust product line, greatly expanding Sectigo's footprint in Asia.
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CHHHF | Hot Stocks08:31 EDT CareRx announces CareRx Alberta Virtual Care Prokect - Residents in long-term care facilities in Alberta can now access care from their pharmacist remotely thanks to a new pilot project that uses virtual care to improve connectivity between patients and healthcare providers. The CareRx Alberta Virtual Care Project is a collaboration between CareRx Corporation, a Canadian specialty pharmacy care provider, pharmaceutical company Boehringer Ingelheim and Health City. CareRx pharmacists in Alberta are using CloudMD's virtual health platform, Livecare, to provide care to residents and assess the impact that virtual care can have on chronic disease management, particularly focused on residents with diabetes given its prevalence in the long-term care setting. The project aims to optimize treatment by utilizing a screening tool to assess cardiovascular risk reduction and customize care for each resident.
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NNOX NKLA | Hot Stocks08:26 EDT Nano-X slides as another prominent short-seller calls it 'piece of garbage' - Shares of Nano-X Imaging are down $4.57, or 15.9%, to $24.26 in pre-market trading after Carson Block's Muddy Waters Research said that it is short the stock, joining Andrew Left's Citron Research, which previously claimed in the firm's own short report that shares of Nano-X Imaging are heading to zero. In Muddy Waters' newly published report, the firm stated in part: "We are short NNOX because we think it is a much bigger piece of garbage than Nikola will ever be. There are important similarities, though. Nikola rolled a truck down the hill to try to prove it's real. NNOX almost certainly used somebody else's chest images to try to make its ARC machine look real... But NNOX gets much worse. A convicted felon, who crashed an $8 billion market cap dotcom into the ground, was seemingly instrumental in plucking NNOX out of obscurity and bringing its massively exaggerated story to the U.S. NNOX touts distribution partnerships that supposedly amount to $180.8 million in annual commitments. Almost all of the company's partnerships give reason for skepticism... If NNOX's claims are achievable, it seemingly will come as a shock to most of the radiology profession. We interviewed five radiologists who were familiar with NNOX's claims. Not a single one expressed credulity of NNOX. Four of the radiologists - without any prompting - compared NNOX to Theranos... We conclude that NNOX has no real product to sell other than its stock." Reference Link
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SCX | Hot Stocks08:22 EDT L.S. Starrett Co announces global headcount reduction of 14% - The L.S. Starrett Company announced key strategic measures the Company has taken to strengthen its financial profile as a result of the global COVID-19 pandemic. At the start of the global COVID-19 pandemic, Starrett immediately took measures to ensure the safety and well-being of its employees, the long-term financial health of the Company, while remaining in operation as an "essential business". As a result of instituting extensive safety protocols throughout its global business, the Company mitigated risk and protected the health and safety of its valued employees, customers, distributors and communities. Simultaneously, the Company initiated a re-engineering of its cost structure and believes such measures will position the Company for a more profitable future. These actions are designed to reduce overhead and preserve cash by executing both one-time and permanent cost reductions. Such actions include: Facility cost reductions and manufacturing footprint rationalization; consolidation of worldwide saw manufacturing in Brazil; Global headcount reduction of 14% and flexing hours and headcount across direct, indirect and selling and general administrative staffing to match demand and meet delivery requirements; Lowering capital expenditures by approximately $5M in fiscal year 2021 to preserve cash; and Amended its credit facility to provide additional flexibility and relaxation of restrictive covenants.As a result of these actions, the Company has recorded a charge of $8.1M in within sales, general and administrative expense in fiscal 2020. Included in this charge is a one-time $6.5M non-cash impairment charge to Goodwill and Intangible Assets and a cash restructuring charge of $1.6M related to the Company's cost-reduction efforts. The Company anticipates an additional $2.4M in charge in fiscal 2021 related to the completion of its restructuring plan. The anticipated financial return of these restructuring actions is expected to result in a payback period of less than one year. In addition, the Company also recorded a non-cash charge of $16.7M in Other Income in fiscal 2020 primarily as a result of the significant decline in the discount rate due to the global COVID-19 pandemic The Company adopted mark-to-market as the method for its pension accounting in 2011, and accounts for pension gains and losses as a period expense within the given fiscal year. The Company expects to file its Annual Report on Form 10-K for the fiscal year ended June 30, 2020 on September 22, 2020.
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AQMS | Hot Stocks08:18 EDT Aqua Metals announces intention to sell McCarran, Nevada plant - Aqua Metals announced that as part of its accelerated equipment supply and licensing strategy, which includes the disposition of non-core assets, the Company has officially placed its novel lead acid battery recycling plant for sale. The Company built and then operated the demonstration plant commercially through 2019 and successfully manufactured over 35,000 ingots of ultrapure AquaRefined lead. The Company believes it has achieved the demonstration purposes of the plant, resulting in the successful validation of AquaRefining technology and commercial sale of ultrapure lead. As stated previously, and as part of its long-term business strategy, the Company now plans to monetize this non-core asset with the sale of the plant as a means of financing the Company's continued acceleration of its core business of becoming an equipment supplier and licensor of AquaRefining technologies. The Company intends to market the land and building as a general use industrial facility. Residing on 11.5 acres, the 136,000 square foot plant contains 14,000 square feet of operational office space. The facility also includes three exterior dock doors with seven exterior grade level doors, 13,000 amps of total building power and a temperature-controlled warehouse with negative or positive pressure. The Company has also initiated a separate effort to sell certain non-core lead recycling equipment into the secondary market for used equipment. The Company believes the land, building and non-core equipment may have a strong attraction as a fully-integrated package for any buyer looking to engage in lead recycling activities. The Company expects to apply the cash proceeds from the sale of the plant to further strengthen its balance sheet. The Company believes the sale proceeds, potential future insurance collections and the $20.3M in insurance collected to date will be sufficient to fully fund the AquaRefining licensing business strategy as the Company transitions towards scalable revenues.
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STIM | Hot Stocks08:16 EDT Neuronetics presents depression data at Clinical TMS Society events - Neuronetics will present clinical data and host virtual educational sessions as part of the Clinical TMS Society's virtual programming. The Clinical TMS Society, a professional association that aims to optimize awareness and accessibility of transcranial magnetic stimulation therapy, is hosting virtual events this year in place of its traditional Annual Meeting, giving attendees a chance to experience educational sessions remotely. As a sponsor, Neuronetics will present a product theater webinar and two virtual poster presentations detailing the company's latest research with NeuroStar Advanced Therapy in bipolar and unipolar depression. On Tuesday, September 29 at 5:30 p.m. PDT, Neuronetics will host a product theater webinar that will address these two topics: Treatment of Bipolar Depression: A Pilot Study-Clinical experience has suggested that NeuroStar Advanced Therapy might be effective for bipolar depression. This presentation will review the existing literature on the efficacy of TMS for bipolar depression and present the findings from a two-center open-label prospective trial of NeuroStar Advanced Therapy in bipolar depression including type I and type II patients. Clinical Outcomes of NeuroStar Advanced Therapy Treatment: The Largest Patient Registry for Depression Treatment with Transcranial Magnetic Stimulation-With more than 9,000 patients across more than 100 private practice locations in the U.S., Neuronetics' Outcomes Registry is the largest registry documenting outcomes for any treatment of Major Depressive Disorder. This presentation will report new findings from the registry about the efficacy of NeuroStar Advanced Therapy in adult patients treated for an episode of MDD in community settings. In addition, the following NeuroStar poster presentations will be on display throughout the duration of the virtual poster session from now through Saturday, October 31: Poster #63: Comparison of Naturalistic Treatment Outcomes with the Standard 38-Minute Protocol vs. Shortened Protocol: A NeuroStar Registry Database Study-Based on a subset analysis of over 7,700 patients from the NeuroStar Outcomes Registry, data demonstrates that efficacy is statistically similar between patients who received the Standard treatment protocol at 38 minutes per session compared to the DASH protocol at 19 minutes per session. Poster #10: Post Marketing Rate of Seizures During Transcranial Magnetic Stimulation Treatment with NeuroStar Advanced Therapy Is Low-In analyzing the seizure rate from post marketing surveillance and from literature related to Neuronetics-sponsored clinical trials, it was found that the rate of seizures reported during TMS treatments with the NeuroStar Advanced Therapy device was even lower than previously estimated.
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CRLBF | Hot Stocks08:16 EDT Cresco Labs announces approval, location of tenth Illinois dispensary - Cresco Labs announced the approval and the location of its tenth Illinois dispensary in Naperville. The adult-use dispensary is located in one of the shopping areas in Naperville, the third largest city in Illinois with approximately 150,000 residents. Upon final approval from the State of Illinois for the Naperville location, Cresco will operate the maximum allowed ten dispensaries in Illinois. Total Illinois cannabis retail sales were $95M in August while total sales through the first eight months of 2020 were $600M in the state.
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SCWX | Hot Stocks08:14 EDT Secureworks completes acquisition of Delve Laboratories - Secureworks announced it has completed the acquisition of Delve. Delve's SaaS solution uses artificial intelligence and machine learning to automate vulnerability detection and prioritization across an organization's network, endpoint or cloud environment, providing CISOs, CIOs and IT Security departments accurate and prioritized insights to protect themselves against adversaries. Secureworks plans to integrate vulnerability discovery and prioritization technology into new offerings within its cloud-based portfolio, including its Red Cloak Platform and Threat Detection and Response application, expanding visibility and insights for users. The Delve Solution will be available to Secureworks customers by the end of the Company's fiscal quarter. With the acquisition, Secureworks also grows its channel partner and direct sales footprint in Canada.
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HCDI | Hot Stocks08:12 EDT Harbor Custom Development enters purchase, sale agreement for rental project - Harbor Custom Development announced that it has entered into a purchase and sale agreement for the acquisition of 9.6 acres of land in Port Orchard, Washington for a price of $1.44M. The purchase is expected to close on or before June 1, 2021, contingent upon permit approval. The property, approximately a twenty-minute drive to Tacoma, and ten minutes to the fast ferry terminal to Seattle's Central Business District, is earmarked by Harbor as a joint venture for the development of a 144-unit multi-family garden style apartment complex featuring studio, one - and two-bedroom units with diversified floor plans. It will be Harbor's initial entry into the Port Orchard rental market. Port Orchard, which is located in Kitsap's County, has seen a 60% increase in its population from 2009 to 2018 and, as a result, demand for apartment rentals has increased substantially during the period.
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EYES | Hot Stocks08:12 EDT Second Sight resumes early feasibility study of Orion at UCLA - Second Sight Medical Products announced the resumption of its Early Feasibility Study of the Orion Visual Cortical Prosthesis System at UCLA Medical Center. The study, which includes four participants at UCLA and two participants at Baylor College of Medicine ("Baylor"), was paused for in-person visits following the guidelines for clinical trials at each institution in March 2020 due to COVID-19. Study visits have now been resumed; several UCLA participants are being examined this week, and Baylor is anticipated to resume its study soon. The first human subject was implanted with Orion in January 2018. A total of six subjects have been implanted in the Orion Early Feasibility Study. "We are delighted that the Early Feasibility Study has restarted. The study, like many such investigations, was suspended as medical centers focused attention and resources on their COVID-19 response and to protect the health of study participants. Our highest priority remains the health and safety of all of our study participants, and we look forward to continuing this important research. We remain committed to this innovative technology and believe that Orion has the potential to safely benefit blind individuals and help them to perform everyday tasks," stated Matt Pfeffer, Acting Chief Executive Officer.
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SGBX | Hot Stocks08:11 EDT SG Blocks announces asset purchase agreement to acquire ECHO DCL - SG Blocks announced that it has entered into an agreement to acquire substantially all of the assets of ECHO DCL, except for ECHO DCL's real estate holdings, for which SG Echo has obtained a right of first refusal to acquire same, in a cash and stock transaction. ECHO DCL is a container and modular manufacturer, and current supplier to SG Blocks based in Durant, Oklahoma specializing in the design and construction of permanent modular and temporary modular buildings. The agreement to acquire substantially all the assets of ECHO DCL, except for ECHO DCL's real estate holdings, for which SG ECHO obtained a right of first refusal to acquire same, is subject to customary closing conditions and expected to close on or before September 23. Terms of the acquisition provide for the payment to Echo of $1.06M in cash at closing, subject to the escrow of certain of the purchase price funds, and the payment of certain of Echo's indebtedness by SG Echo, including the obligation to satisfy a guidance line of credit loan, or GLOC Loan, in the principal amount of approximately $616,000, pay the debt service on certain of Echo's indebtedness in the approximate principal amount of $1.7M for 12 months following the closing, payoff at maturity a certain line of credit of Echo with BTH Bank in the principal amount of $500,000 and the payment of earn out payments equal to the net income received from the acquired business during the three-month period beginning on the first day of the first full month that is three months after the closing date, the three-month period following the first earn out period and the three-month period following the second earn out period, payable in 50% in cash and 50% in shares of the company's common stock to be valued a $2.50 per share; provided, that up to approximately $300,000 of any amounts paid in respect of the GLOC Loan, and any amounts paid in respect of the debt service on Echo's indebtedness and line of credit with BTH Bank, shall be offset against and reduce the earnout payments due to Echo. In no event may the number of shares of common stock to be issued to Echo exceed 19.99% of the company's outstanding shares on the date of the agreement.
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TDY | Hot Stocks08:10 EDT Teledyne introduces thermal camera for skin temperature screening - Teledyne DALSA is introducing a new member of the Calibir camera series, the GXF model, which is dedicated to elevated skin temperature screening. The camera is based on the Calibir GXM, and is optimized for measurement accuracy and thermal stability in the human temperature detection range. The camera can be delivered with a VGA or QVGA resolution and different lenses to cover a horizontal field of view range from 24 to 70 degrees. An IEC 80601-2-59-2017 certification of a system, including the new GXF camera is pending. Like the Calibir GXM models, the new GXF camera is NDAA, Section 889 compliant. Samples are available now.
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BB | Hot Stocks08:09 EDT BlackBerry Spark selected by United States Air Force for secure productivity - BlackBerry announced that the United States Air Force has selected BlackBerry Spark for their secure productivity needs. The agreement gives the organization access to the latest BlackBerry technologies for Unified Endpoint Management and Unified Endpoint Security.
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GRTX | Hot Stocks08:09 EDT Galera to host KOL event on treatment of locally advanced pancreatic cancer - Galera Therapeutics announced that it will host a virtual Key Opinion Leader event on locally advanced pancreatic cancer on Friday, October 2, 2020, at 11 a.m. EDT. Sarah Hoffe, M.D., will provide a review of the management of patients with localized pancreatic cancer, including the current clinical treatment paradigm and the use of stereotactic body radiation therapy. Dr. Hoffe is the Section Head of GI Radiation Oncology and Senior Member at Moffitt Cancer Center.
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SVA | Hot Stocks08:08 EDT Sinovac starts clinical trials for COVID-19 vaccine candidate in Turkey - Sinovac Biotech announced that it has recently commenced phase III clinical trials for its inactivated COVID-19 vaccine candidate developed by Sinovac Life Sciences, Sinovac LS, or "CoronaVac," in Turkey. The phase III clinical trial seeks to test efficacy and safety of CoronaVac in Turkey and aims to be a pivotal study to support the licensure of this product. This case-driven, randomized, double-blinded and placebo-controlled phase III clinical trial uses an adaptive design, and all participants will be enrolled in a step-by-step basis. In the first stage, 1,300 healthcare workers between the ages of 18-59 years old will be randomly to receive two doses of vaccine or placebo at a two-week interval. In the second stage, approximately 12,000 members of the general population between the ages of 18-59 years old will be enrolled to receive two doses of vaccine or placebo at a two-week interval. In recent months, the Company's Phase I/II clinical trials of CoronaVac in adults and elderly volunteers were conducted in China's Jiangsu and Hebei Provinces on April 16th and May 22nd, respectively. The vaccine candidate appeared to be well tolerated for different dosage and no serious vaccine-related adverse events were reported, demonstrating a good safety profile for the vaccine candidate. Both seroconversion rates in adults and elderly volunteers were above 90%, indicating favorable immunogenicity of CoronaVac. In addition to Turkey, the Company has partnered with several companies outside of China for phase III efficacy studies.
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LEAF | Hot Stocks08:07 EDT Leaf Group says OnlyInYourState reaches 2M subscribers - OnlyInYourState has reached the milestone of 2M subscribers to its daily newsletter. The travel site was also named as the second largest Travel Information site in the US, with over 17.6M unique monthly visitors. Known for its editorial coverage of hidden gems, little known attractions, and natural wonders within each of the country's 50 states, OnlyInYourState has seen 100% growth in newsletter subscribers since September 2019. OnlyInYourState will launch its first-ever virtual Travel Summit on October 7, as a new addition to its annual Writer Summit.
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CMG | Hot Stocks08:07 EDT Chipotle to bring back Carne Asada for a limited time - Chipotle Mexican Grill announced it is bringing back Carne Asada to restaurants across the U.S. for a limited time. The premium steak option will also return to the menu in Canada and make its debut in France, where it will become Chipotle's first new protein introduced in the European market.
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SLGG | Hot Stocks08:06 EDT Super League Gaming, Indiana Esports Development signs broadcasting development - Super League Gaming and Indiana Esports Development LLC., formed by Harena Data, Inc. and Indiana Sports Corp., have signed a broadcasting partnership deal for this year's The Esports Combine. The event is a virtual spectacle for esports players around the world seeking an opportunity to showcase their talents for recruiters, universities, and industry professionals. The Esports Combine serves as a celebration of esports and its ever-increasing place in the academic world and will help players receive varsity team offers and scholarships from colleges and universities throughout North America. As part of the agreement, Super League Gaming will produce streams in an official Combine Showcase across five different game titles with the aim being to highlight the top prospects, and to get a glimpse into the perspective of coaches who are recruiting. Utilizing Super League's proprietary, fully-remote production capabilities and patented visualization technology, the broadcasts will feature esports college coaches and recruiters in the booth, sharing commentary and insight on what they look for as coaches. Viewers will experience the excitement in real-time of seeing which top prospects emerge victorious, while also learning about the skills and attributes coaches are seeking for players on their official esports teams. Additionally, using Harena Data's proprietary GYO platform, players will have access to high-level analytics that provide crucial in-depth feedback to their games and are available for viewers to explore. The Esports Combine will showcase skill sets from thousands of esports players seeking to get recruited, features dozens of industry speakers and influencers, and expects to host more than 1,500 players, school leaders, esports industry experts and media online.
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SEED | Hot Stocks08:05 EDT Origin Agritech receives testing standard approval for two GMO corn traits - Origin Agritech announced that the Standard Testing Method and Procedures of the company's two GMO corn seed traits have been approved in a newly published National Standards Catalog by The Ministry of Agricultural and Rural Affairs of China. The traits that received the National Testing Standard approval are G1105E-823C, a double stack of insect resistance and herbicide tolerance corn and GH5112E-117C, an herbicide tolerance corn.
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AMCI | Hot Stocks08:05 EDT AMCI Acquisition Corp enters LOI to acquire fuel cell technology company - AMCI Acquisition Corp entered into a non-binding letter of intent, or LOI, with a fuel cell technology company for an initial business combination. The target is developing fuel cell technology that the company believes will be a key to unlocking the hydrogen economy. The company will seek to advance the development and manufacturing of the target's components for a range of new energy markets, including transportation, off-grid, aviation, and the hydrogen economy, to respond to significant and immediate market opportunities. The target is led by an experienced management team that expects to deliver innovative technology through partnerships with internationally recognized research centers. The company's management team believes the Target is an attractive investment opportunity given the Target's next generation fuel cell technology, which the company believes will be an essential component needed to unlock the hydrogen economy and increase investor demand for the acceleration of decarbonization. Completion of the transaction is subject to, among other matters, the completion of due diligence, the negotiation of a definitive agreement providing for the transaction, satisfaction of the conditions negotiated therein and approval of the transaction by the company's stockholders. Accordingly, there can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated.
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ETR | Hot Stocks08:05 EDT Entergy announces power restoration in Lousiana after hurricane Laura - Following Hurricane Laura making landfall near Cameron, Louisiana in the early morning of Aug. 27, Entergy Corporation announced its utilities have restored power to approximately 910,000 customers who can accept power, or approximately 99% of customers affected by the storm. Crews have restored power to all customers in Texas and are making significant progress in the remaining hardest hit areas of Southwest Louisiana. Hurricane Laura was the strongest storm to make landfall in Louisiana in 164 years and is tied for the fifth strongest to make landfall in the continental United States.
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USPH CSU | Hot Stocks08:04 EDT U.S. Physical Therapy announces Larry McAfee will retire as CFO - U.S. Physical Therapy (USPH) announced that Larry McAfee will retire as Executive Vice President and Chief Financial officer, effective November 9. Carey Hendrickson, currently Chief Financial Officer at Capital Senior Living Corporation (CSU), will succeed Larry McAfee as the Company's Chief Financial Officer, effective as of November 9. Mr. McAfee will remain employed through December 9 to support the transition, at which time Mr. McAfee also will retire from the Company's Board of Directors. Hendrickson brings significant experience, most recently serving as Chief Financial Officer of Capital Senior Living, one of the nation's largest operators of independent living, assisted living and memory care communities for senior adults, since May 2014, and as Chief Financial Officer of Belo Corp., a television company that owned and operated network-affiliated television stations and their associated
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PRTY | Hot Stocks08:04 EDT Party City to hire approx. 20,000 employees for Halloween season - Party City announced that it plans to hire approximately 20,000 temporary employees and open approximately 25 Halloween City pop-up stores for the Halloween season to support consumers' needs however they choose to celebrate and shop this year. The Company expects to retain about 10 percent of these employees following the Halloween season. To help "You Boo You," Party City will continue to offer the safety and convenience of its contactless shopping experiences including curbside pickup, same day delivery, online shopping and in-store contactless mobile phone payments to check out quickly. Customers can also enjoy Party City's legendary costume wall virtually online or through the Party City app, which has resources and creative ideas on how to dress up, celebrate and decorate, with access to everything you need to make Halloween feel extra special or spooky this year, including a wide variety of stylish new face masks that complement any costume.
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OSN | Hot Stocks08:03 EDT Ossen Innovation forms special committee to consider 'going-private' proposal - Ossen Innovation announced that its Board of Directors has formed a special committee consisting of two independent, disinterested directors, Junhong Li and Zhongcai Wu, to consider the previously announced preliminary non-binding proposal letter that the Board received on September 15. Junhong Li will serve as chairman of the Independent Committee. The Independent Committee has retained DLA Piper as its international legal counsel, and intends to retain an independent financial advisor in due course, to assist it in this process. The Board cautions the company's shareholders and others considering trading the company's securities that the Board has just received the Going-Private Proposal and has not had an opportunity to carefully review and evaluate the proposal or make any decision with respect to the company's response to the proposal. There can be no assurance that any definitive offer will be made, that any definitive agreement will be executed relating to the proposed transaction or that this or any other transaction will be approved or consummated.
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MBIO | Hot Stocks08:03 EDT Mustang Bio announces Orphan Drug Designation for MB-207 - Mustang Bio announced that the U.S. Food and Drug Administration has granted Orphan Drug Designation to MB-207, Mustang's lentiviral gene therapy for the treatment of patients with X-linked severe combined immunodeficiency, also known as bubble boy disease, who have been previously treated with a hematopoietic stem cell transplantation and for whom re-treatment is indicated. In August 2020, the FDA granted Rare Pediatric Disease Designation to MB-207 for the treatment of XSCID in previously treated patients with HSCT. The lentiviral gene-therapy method employed in MB-207 was co-developed by scientists at the National Institute of Allergy and Infectious Diseases, part of the National Institutes of Health, and St. Jude Children's Research Hospital MB-207 has been studied at NIAID since 2012 and continues to be assessed in a NIAID-supported Phase 1/2 clinical trial for XSCID in patients over the age of two who have received prior HSCT. Mustang expects to file an investigational new drug application with the FDA to initiate a multi-center pivotal Phase 2 clinical trial of MB-207 in this patient population in the fourth quarter of 2020. An additional Phase 1/2 clinical trial for XSCID in newly diagnosed infants under the age of two is ongoing at St. Jude, UCSF Benioff Children's Hospital in San Francisco and Seattle Children's Hospital. The product candidate in this trial is designated as MB-107. In May 2020, Mustang submitted an IND to the FDA to initiate a multi-center pivotal Phase 2 clinical trial of MB-107 in newly diagnosed infants with XSCID who are between two months to two years of age. The trial is expected to enroll 10 patients who, together with 15 patients enrolled in the current multi-center trial led by St. Jude, will be compared with 25 matched historical control patients who have undergone HSCT. The primary efficacy endpoint will be event-free survival. The initiation of this trial is anticipated in the fourth quarter of 2020. Mustang is targeting top-line data from this trial in the second half of 2022. The FDA previously granted Rare Pediatric Disease, Orphan Drug and Regenerative Medicine Advanced Therapy Designations to MB-107 for the treatment of XSCID in newly diagnosed infants. Additionally, the European Medicines Agency granted Advanced Therapy Medicinal Product Classification to MB-107.
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NAOV | Hot Stocks08:02 EDT NanoVibronix announces FDA decision to allow distribution of UroShield device - NanoVibronix announced that the FDA has decided to exercise its Enforcement Discretion to allow distribution of the UroShield device in the United States. According to the FDA, "UroShield device can use Intended Use Code, or IUC, 081.006: Enforcement discretion per final guidance, and FDA product code QMK". UroShield is an ultrasound-based product that is designed to prevent bacterial colonization and biofilm on indwelling urinary catheters and increase antibiotic efficacy, ultimately reducing the incidence of catheter-associated urinary tract infections, or CAUTI. UroShield is also intended to decrease pain and discomfort associated with urinary catheter use.Accordingly, the FDA's Enforcement Discretion clears the way for import of UroShield to the U.S. during the Covid-19 pandemic, immensely expanding the company's addressable market for the device during this time period. The device is designed to aid in the prevention of CAUTI incidence in patients requiring long-term indwelling catheterization.
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LTRN | Hot Stocks07:56 EDT Lantern Pharma announces research agreement with Fox Chase Cancer Center - Lantern Pharma announced a collaboration and research agreement with Fox Chase Cancer Center for the further development of Lantern's LP-184 in pancreatic cancer. Based in Philadelphia, Fox Chase is a leading research center for pancreatic cancers and one of the four original cancer centers to receive comprehensive cancer center designation from the National Cancer Institute, or NCI. The Fox Chase collaboration will focus on advancing the targeted use of LP-184 in molecularly-defined sub-types of pancreatic cancer.
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CVNA | Hot Stocks07:54 EDT Carvana expects record revenue performance, to be EBITDA breakeven in Q3 - Carvana announced that it expects to achieve company records in performance across several metrics in Q3, including: retail units sold, total revenue, total gross profit per unit and EBITDA margin. Moreover, the company expects to be approximately EBITDA breakeven this quarter. "The momentum that we saw in the second quarter accelerated into the third, leading to record performance for Carvana in metrics that demonstrate strong progress both in growth and towards profitability," said Ernie Garcia, Carvana founder and CEO. "Hitting these records while continuing to provide the exceptional customer experiences we've become known for and adjusting to all the change that 2020 has brought us speaks to the quality of people we have at Carvana and to their tireless focus on our customers."
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URI | Hot Stocks07:48 EDT United Rentals announces chief commercial officer Paul McDonnell leaving - United Rentals announced that Paul McDonnell, chief commercial officer, will leave the company on September 30. McDonnell will continue to provide advisory services to United Rentals in an independent capacity for 24 months. His leadership responsibilities with respect to sales and specialty operations will be absorbed under Dale Asplund, chief operating officer. Matthew Flannery, chief executive officer of United Rentals, said, "We thank Paul for his significant contributions to the success of our company, both as a talented leader and a strong advocate for our customers. He led the growth of our specialty rental segment to the largest network of its kind in the world. I'm pleased that Paul will remain available to us, and I join our executive team in wishing him continued success."
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VERI | Hot Stocks07:47 EDT Veritone enters strategic alliance with George Jon - The company states: "Veritone announced a new strategic alliance with George Jon, a forensic, eDiscovery and compliance platform, product and service specialist. This strategic alliance enables George Jon's Kits to leverage Veritone aiWARE as an additional kit standard, accelerating the rapid discovery of actionable evidence critical to eDiscovery. Powered by Veritone aiWARE, George Jon's GJ Kits deliver advanced transcription, translation and object identification capabilities for video, audio and document-based evidence, expediting the eDiscovery process and meeting the growing regulatory, compliance and data privacy needs of global advisory firms, corporations, heavily regulated institutions and law firms. The global eDiscovery software market is projected to grow at a CAGR of 13% to $6.3B in 2024, according to Complex Discovery's aggregated eDiscovery market size mashup data."
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WMT GS | Hot Stocks07:44 EDT Walmart teams up with Goldman to offer online sellers business credit lines - Walmart (WMT) is partnering with Goldman Sachs (GS) to provide lines of credit to third-party merchants who sell their products on Walmart.com, Walmart said in a statement. "Starting today, eligible Marketplace sellers will be invited to apply for lines of credit offered by Marcus by Goldman Sachs. Access to affordable capital is more important than ever as businesses large and small work to adapt and evolve to serve customers and grow their businesses. Initially, approved sellers will have access to lines of credit from Marcus between $10,000 - $75,000, and plans are to substantially increase the maximum line amount available in the future." Reference Link
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NCNO | Hot Stocks07:39 EDT Origin Bank implements nCino Bank Operating System - nCino announced that $5.3B-asset Origin Bank has implemented the nCino Bank Operating System to create better efficiency in its loan origination process and a more streamlined client experience through enhanced digital engagement capabilities. Headquartered in Choudrant, Louisiana and serving communities throughout Louisiana, Texas and Mississippi, Origin Bank places a strong focus on client service. Origin recognized that in a competitive banking landscape with numerous options for clients to choose from, it needed a strong digital presence to meet existing and future clients' needs and expectations. By implementing nCino's Commercial Banking Solution and Customer Engagement Solution, Origin has been able to achieve a more streamlined and efficient process internally, as well as improve its client experience by simplifying workflows, increasing transparency and providing additional options for its clients to interact with the Bank digitally.
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CBWTF | Hot Stocks07:38 EDT Auxly's KGK Science receives research license to conduct testing with humans - Auxly Cannabis Group announced that its wholly owned subsidiary, KGK Science has received its second Cannabis Research Licence from Health Canada pursuant to the Cannabis Act. This licence permits KGK to administer cannabis extracts, edible cannabis and cannabis topicals to human subjects for purposes of palatability and sensory testing at its clinical research facility located in London, Ontario. Sensory evaluation measures, analyzes and interprets the reaction of human subjects to products as perceived by the senses, it is an incredibly valuable tool in understanding and determining consumer preferences and the basis for those differences. As the cannabis industry continues to expand and new products are being introduced to the market, KGK will be able use their existing database of over 25,000 participants to provide palatability and sensory studies to all licenced producers across Canada that are seeking to undertake controlled focus groups on any cannabis product development initiatives.
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ARNGF | Hot Stocks07:37 EDT Gold'n Futures enters LOI with Argonaut Gold - GOLD'N FUTURES announced that it has entered into a non-binding letter of intent with Argonaut Gold to acquire up to a 90% interest in the Hercules - Elmhurst property located 120 kilometers northeast of Thunder Bay, Ontario in the townships of Elmhurst and Rickaby, within the Thunder Bay North Mining District. The Property lies within an Archean greenstone belt that extends from the Longlac area in the east to Lake Nipigon in the west, a distance of some 130 kilometers. The property consists of 372 contiguous claim cells. To date, the work completed on the Property forms an extensive database including reconnaissance grab samples; channel samples; a variety of geophysical surveys; and, a drill hole database that includes historic drilling totalling some 450 holes. More than a total of 2,000 grab and channel samples were collected from the Property. In the last two field seasons, more than 150,000 m2 of trenches were developed. In May 2010, Watts, Griffis and McOuat was retained by Kodiak Exploration, the former owners of the Property, to produce a National Instrument 43-101 Mineral Resource currently classified as a historical estimate for the Property. The Technical Report was prepared by WGM for mineralized zones that displayed sufficient data to allow for continuity of geology and grades. The zones included: Golden Mile, Wilkinson Lake Gold Zone, Lucky Strike, Marino and 7 of 9. The Company can earn up to a 50% interest in the Property should the below terms be completed within the 4-year period: Optionee to make the following payments to Argonaut: $500,000 on October 15, 2020; $750,000 on October 15, 2021; $1,000,000 on October 15, 2022; and, $1,250,000 on October 15, 2023. The Optionee shall incur $7,000,000 in Qualifying Exploration Expenditures, which will be specified pursuant to qualified technical reports, on the Property subject to the following annual minimums: $500,000 by October 15, 2021; a further $1,500,000 by October 15, 2022; a further $2,000,000 by October 15, 2023; and a further $3,000,000 by October 15, 2024. Once the above conditions are satisfied and the Company has earned a 50% interest in the Property, the Company will have a further option to earn an additional 40% interest in the Property, the terms of which are to be negotiated. The Company will be the operator of exploration programs on the Property. The LOI is non-binding in nature and is subject to due diligence, structuring and customary approval of the shareholders and/or directors of Argonaut.
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CLGX | Hot Stocks07:34 EDT CoreLogic urges shareholders to vote against Senator/Cannae proposals - CoreLogic filed its definitive proxy statement with the U.S. Securities and Exchange Commission in connection with its upcoming Special Meeting of Shareholders on November 17. The proxy statement and other important information related to the Special Meeting can be found at CoreLogicValue.com. The CoreLogic Board of Directors unanimously recommends shareholders vote against the removal of CoreLogic's directors using the WHITE proxy card, so that the Company can continue to execute on its successful strategy for sustainable growth and substantial shareholder value creation. We are delivering outstanding financial and operational performance. Our strong financial results in 2020 are supported by increasing organic growth and recurring revenues as well as record profitability, margins, and free cash flow. We have just raised financial guidance for 2020 and 2021, which underscores our high confidence in CoreLogic's future and the value-creation opportunities inherent in continued execution of our strategic plan. The company believes it is poised for significant valuation upside, which shareholders will not benefit from under Senator/Cannae's inadequate acquisition proposal. The Board remains open to all paths to create value, but we are confident in our view that we will produce value for shareholders far in excess of $66.00 per share. CoreLogic has provided significant transparency and detailed information to all shareholders, including Senator and Cannae, through multi-year projections, margin targets, planned divestitures and capital allocation plans, that we believe clearly demonstrates that CoreLogic is worth substantially more than $66.00 per share.
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GNCA | Hot Stocks07:32 EDT Genocea announces FDA acceptance of GEN-011 IND application - Genocea Biosciences announced that the U.S. Food and Drug Administration has accepted the company's Investigational New Drug Application for GEN-011, an adoptive T cell therapy targeting neoantigens and designed to improve upon the limitations of TIL and TCR therapies. The IND allows Genocea to initiate a Phase 1/2a clinical study of GEN-011 in patients who have failed standard-of-care checkpoint inhibitor therapy. The trial will evaluate safety, T cell proliferation and persistence as well as clinical activity. Genocea plans to enroll up to 24 patients across several tumor types in the Phase 1/2 trial. In one cohort, patients will receive multiple low doses of GEN-011 with low-dose IL-2 and without lymphodepletion. In the other cohort, patients will receive a single GEN-011 dose after lymphodepletion and a high dose of IL-2.
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FREQ | Hot Stocks07:32 EDT Frequency Therapeutics completes patient enrollment of FX-322 - Frequency Therapeutics announced the completion of enrollment of its Phase 2a study of FX-322 for sensorineural hearing loss, or SNHL. The company anticipates obtaining full results for the study, in which 95 patients were enrolled, in Q2 of 2021.
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VCNX | Hot Stocks07:31 EDT Vaccinex says Phase 2 SIGNAL study does not meet co-primary endpoints - Vaccinex announced topline results from the early manifest treatment arm of the Phase 2 double-blind, placebo-controlled SIGNAL trial of its lead clinical candidate, pepinemab, in patients with early manifest and prodromal Huntington's disease. CEO Maurice Zauderer said, "HD affects multiple regions of the brain and disease progression impacts many critical functions including cognition and motor activity. The results reported today strongly support a cognitive benefit to treatment with pepinemab and indicate that treatment with pepinemab antibody potentially targets cortical centers, including those that govern cognition. The first sign of HD is often chorea and cognitive disturbances generally follow later in disease progression. We believe the data, therefore, suggest that patients at a somewhat more advanced stage of HD may derive the greatest benefit from pepinemab." Dr. Zauderer further noted that, "The insights gained from this study also suggest that pepinemab might be an important treatment option for Alzheimer's and other neurodegenerative diseases known to primarily affect frontal cortex and to impact cognition. As previously reported, imaging data indicate that these are the brain regions most affected by pepinemab treatment. The company has, accordingly, initiated screening and expects to begin enrolling patients this month in a new Alzheimer's disease study of pepinemab at 15 clinical sites in the United States. In line with the Company's ongoing efforts in Alzheimer's, as well as in head and neck cancer, the Company also intends to examine and, as appropriate, prioritize and balance its budget and expenditures. We are profoundly grateful to the patients and their families for their initiative and enthusiasm in participating in this study and their courage in confronting the burdens of this disease." The study had two co-primary endpoints, a family of two cognitive assessments from the Huntington's Disease Cognitive Assessment Battery and Clinical Global Impression of Change. Although the study did not meet pre-specified co-primary endpoints, the results of each of the two cognitive assessments demonstrated a strong trend for beneficial change. These cognitive assessments reflect changes in planning ability and memory associated with disease progression. Similarly, a trend of benefit in CGIC did not show a statistically significant difference between the placebo and pepinemab-treated groups, possibly due to small group size in this phase 2 study. Pepinemab was well-tolerated with remarkably low treatment discontinuation and study drop-out rates over the extended 18 month treatment period. Additional results including a broader examination of motor activity and outcomes for a smaller group of 86 prodromal subjects will be reported in detail at the upcoming 2020 Huntington's Study Group Conference on October 30 and at subsequent medical conferences.
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LXRP | Hot Stocks07:21 EDT Lexaria Bioscience granted DehydraTECH technology patent from USPTO - Lexaria Bioscience announced that it has received another new granted patent in the U.S. Lexaria has been granted U.S. Patent No. 10,756,180 pursuant to the notice of allowance it received from the United States Patent and Trademark Office, or USPTO, for patent application number 16/497,920 previously announced on April 23, 2020. This new patent provides patent claims that protect the use of Lexaria's DehydraTECH technology together with cannabinoids, nicotine, nonsteroidal anti-inflammatory drugs, or vitamins in mix and serve beverage formats. This signifies another addition to Lexaria's first patent family, under which nine U.S. patents have now been granted.
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AZO | Hot Stocks07:14 EDT AutoZone up 5.4% to $1,250 after Q4 results beat estimates
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AIM | Hot Stocks07:14 EDT AIM ImmunoTech announces pancreatic cancer survival results from EAP - AIM ImmunoTech announced receipt of statistically significant pancreatic cancer survival results from a multi-year early access program, or EAP. conducted at Erasmus University Medical Center in the Netherlands. Casper van Eijck and his team at Erasmus MC found a statistically significantly survival benefit when using Ampligen in patients with locally advanced/metastatic pancreatic cancer after systemic chemotherapy. Prof. van Eijck states, "The overall survival of the experimental group was compared to a large historical control cohort matched for age, gender, stage of disease, and number of cycles of Folfirinox chemotherapy. Median survival was approximately two-fold higher, that is 200%, in the Ampligen arm as compared to the historical controls. These results were obtained with a very high degree of statistical significance. Based on these data, I see the potential for Ampligen as a meaningful extension of the standard of care for advanced pancreatic cancer, which we are planning to investigate further." AIM will work with its contract research organization, Amarex Clinical to seek FDA fast-track and possibly even FDA breakthrough designations and to obtain IND authorizations to conduct a follow-up pancreatic cancer Phase 2/3 clinical trial with sites in the Netherlands at Erasmus MC under Prof. van Eijck, and also at cancer research centers in the United States. AIM also plans to file dual orphan drug status applications for use of Ampligen in the treatment of late-stage pancreatic carcinoma with the FDA and the European Medicines Agency, or EMA. If granted, this serves to extend a company's exclusivity rights once a drug reaches market.
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LIVX | Hot Stocks07:13 EDT LiveXLive Media announces expansion in Latin America - LiveXLive Media announced its mobile expansion in Latin America via new exclusive video distribution deal with ICARO Media Group, a provider of the most advanced AI, digital media platform and content aggregation platform in partnership with global telecoms and media companies who control the immediate access to their subscribers. "More distribution reach in Latin America is a big win for LiveXLive given music culture and streaming viewership in those markets," said Jackie Stone, Chief Marketing Officer of LiveXLive. "ICARO is a great partner as we streamline our mobile app and build new personalized experiences for consumers around the world." As part of the expansion, LiveXLive will make its video library available to millions of customers in Latin America via ICARO Media Group's technology.
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UCBJY | Hot Stocks07:11 EDT UCB: FDA, EMA accept BLA, MAA for bimekizumab - UCB announced that the FDA and EMA have accepted the Biologics License Application and Marketing Authorization Application, respectively, for bimekizumab for the treatment of adults with moderate to severe plaque psoriasis.
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NEPT | Hot Stocks07:10 EDT Neptune Wellness announces partnership - Neptune Wellness Solutions announced an import and stocking distribution partnership with one of the world's leading consumer goods companies, making and selling around 400 brands in more than 190 countries, for professional beauty, personal care and hygiene product lines generating potential sales revenue from as much as $65M up to $137M over the next 18 months based on the consumer product company's and Neptune's projections. Neptune expects to receive first shipments of products into its inventory by the end of October 2020.
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MEDIF | Hot Stocks07:09 EDT Medipharm Labs to supply cannabis oil to XLR8 Brazil - MediPharm Labs announced its wholly owned subsidiary MediPharm Labs will supply premium, GMP-certified formulated cannabis oil to XLR8 BRAZIL. Under the two-year agreement commencing from the time of product authorization, MediPharm Labs Inc. will provide a variety of cannabis concentrate formats for patient-ready formulated products that will be distributed by XLR8 to leading pharmacies and other authorized channels in Brazil. The initial product SKUS include a 20:1 CBD rich product and a 10:10 balanced THC and CBD formulation. XLR8 will obtain ANVISA Sanitary Product Authorization and undertake the process for final Product Registrations.
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LOW | Hot Stocks07:09 EDT Lowe's to install pickup lockers at all U.S. stores by end of March, 2021 - To continue to improve the contactless delivery experience for customers who are increasingly shopping online, Lowe's announced plans to install pickup lockers at all U.S. stores by the end of March, 2021. The addition of Buy Online Pickup in Store self-service lockers at more than 1,700 stores leverages innovative technology to provide a safe, contactless and easier way for customers to collect same-day online orders at their convenience. Parcel Pending by Quadient, the nation's leading provider of package management solutions, is providing the retail locker solution for Lowe's, whose U.S. rollout will expand to Florida, Washington and Texas among other states in the coming weeks.
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GDS | Hot Stocks07:08 EDT GDS Holdings announces accepted offer to acquire Beijing data center - GDS Holdings announced that it has extended a legally-binding offer to acquire 100% of the equity interests in target companies which own a major data center in the Shunyi district of Beijing. The target companies are owned by a private equity fund controlled by CITIC Private Equity Funds Management and its affiliated parties. The offer has been accepted, with exclusivity terms agreed by both parties. The total enterprise value of the Acquisition is approximately RMB3.8B, with a further RMB500M contingent on the acquisition by the target companies of the property interests in the site. BJ14 is one of the largest and highest quality data center assets in the Beijing market. It is located adjacent to the Company's Beijing 5 data center and 8 kilometers from its data center campus comprised of Beijing 10, 11, and 12, forming a cluster in the Shunyi District of Beijing which can generate significant operation synergies. BJ14 has a net floor area of over 19,000 sqm. It is fully committed by five hyperscale customers, including a new large internet customer logo. BJ14 is fully operational and is currently approximately 68% utilized. It is expected to be fully utilized in 2022. This transaction is subject to entry into definitive agreements as well as the completion of certain conditions precedent to the closing of the transaction. We cannot assure you that any definitive agreement will be signed or, if such definitive agreement is signed, that the conditions precedent to the closing of the transaction will be satisfied, in which case the proposed transaction will not be consummated.
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CVGI | Hot Stocks07:08 EDT Commercial Vehicle Group reports progress against FY20 objectives - Commercial Vehicle Group reported progress against its objectives in the areas of leadership, growth, cost and cash actions taken during 2020. The Company has generated and sustained sufficient cashflow to immediately pay down $20M of its debt. After the $20M repayment, the Company will have $156M of Term Loan B debt, $0 of revolver debt, and $55M of global cash. This will result in a net debt balance of $101M, and the Company will continue to have over $100M of liquidity. The Company implemented a set of temporary cost actions in 2020 which included compensation reductions by its employees and members of its Board of Directors. The Company is announcing that it has begun to reinstate compensation to target levels. The global commercial vehicle markets show signs of recovery from the covid induced downturn, although demand remains below pre-covid levels overall. However, ACT Research, a publisher of industry market research, has increased its North American production outlooks for 2020, 2021 and 2022. The Company is re-staffing in certain areas and continues to invest in operations in its core markets.
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NURO AAPL | Hot Stocks07:07 EDT NeuroMetrix launches Quell app for Apple Watch - NeuroMetrix (NURO) reported the launch of the Quell Watch App, now available for download from the Apple App (AAPL) store. Quell is a wearable, transcutaneous electrical nerve stimulation device for knee, foot and leg pain that is available over-the-counter. It can be used during the day while active and at night while sleeping. Users can personalize and manage therapy discreetly via the mobile app for iPhone and Android smartphones. Quell is also a pain management solution with pain, sleep, activity and gait tracking. The Quell Health Cloud provides customized feedback and powers one of the largest chronic pain outcomes databases. T The Quell Watch app is standalone, so it functions independently of the iPhone. It gives a Quell user the ability to control the device and monitor pain relief from the wrist; a level of convenience never before achieved with a TENS device. The user simply taps the Quell complication to open the app. The user can then easily start or stop therapy, increase or decrease intensity, view their therapy schedule, and get Quell status information. The battery level can be checked by just glancing at the complication.
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BHC | Hot Stocks07:06 EDT Bausch Health, Alfasigma announce resolution of XIFAXAN property litigation - Bausch Health, along with its gastroenterology business, Salix Pharmaceuticals, together with Salix's licensor Alfasigma SpA, have agreed to resolve outstanding intellectual property disputes with Sun Pharmaceutical Industries regarding XIFAXAN 200 mg and 550 mg tablets. The Salix Parties will grant Sun a non-exclusive license effective Jan. 1, 2028 to its intellectual property relating to XIFAXAN 200 mg and 550 mg tablets in the United States. In April 2019, Bausch Health filed a lawsuit against Sun following receipt of a Notice of Paragraph IV Certification relating to XIFXAN 200 mg tablets. Additionally, Bausch Health received a Notice of Paragraph IV Certification from Sun relating to XIFAXAN 550 mg tablets on Aug. 10, 2020. Sun acknowledges the validity of the licensed patents with respect to the two XIFAXAN products. Final patent expiry on XIFAXAN 200 mg and 550 mg tablets are July and October 2029, respectively. Under the terms of the agreement, beginning Jan. 1, 2028 (or earlier under certain circumstances), Sun will have the right to market royalty-free generic versions of XIFAXAN 200 mg and 550 mg tablets, should it receive approval from the U.S. FDA on its Abbreviated New Drug Application. Litigation between the parties related to XIFAXAN will be dismissed, and all intellectual Property protecting XIFAXAN remains intact. Bausch Health and Alfasigma remain confident in the strength of the XIFAXAN patents, and they will continue to vigorously defend their intellectual property. XIFAXAN 200 mg and 550 mg tablets are collectively protected by 26 patents covering the composition of matter and the use of XIFAXAN listed in the FDA's Approved Drug Products with Therapeutic Equivalence Evaluations, or the Orange Book.
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OFIX | Hot Stocks07:06 EDT Orthofix, Neo Medical in pact to develop, market single-use spinal solutions - Orthofix Medical announced a partnership and investment agreement to develop and market innovative outcome-driven procedural solutions. The collaboration will focus on developing a cervical platform and deploying single-use, sterile-packed procedure solutions designed to increase operating room efficiencies, reduce procedural times and costs, improve patient outcomes through novel device designs and techniques, and reduce infection rates. The partnership includes the co-development of single-use instrumentation for cervical spine procedures. Such instruments are ideal for all surgical settings including acute care hospitals, outpatient hospitals and also ambulatory surgery centers, which are rapidly growing as a preferred site of care for spine procedures. Under the agreement, Orthofix will also exclusively distribute Neo Medical's disruptive value-based thoracolumbar procedure solutions to certain U.S. accounts. Additionally, Orthofix is investing $10M in Neo Medical to support the ongoing partnership, through a combination of a convertible term loan and an equity investment. "We are very excited about the partnership with Neo Medical as we believe it will accelerate our efforts to provide innovative patient-centric procedural solutions that improve outcomes, reduce costs, lower the carbon footprint of reusable instrumentation and increase the applicability of procedures across all surgical settings," said Orthofix President and Chief Executive Officer Jon Serbousek. "We believe there is also a strong value proposition in adapting procedural technology to accommodate the outpatient setting and we have already created initiatives towards optimizing procedural solutions for these facilities."
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BB TU | Hot Stocks07:05 EDT BlackBerry and Telus announce partnership - BlackBerry (BB) and TELUS (TU) announced a new partnership to provide secure emergency management and crisis communications to organizations across Canada. The expansion of a long-standing relationship, TELUS will resell BlackBerry AtHoc, the most secure critical event management and communications solution, with TELUS' world-class connectivity so Canadian organizations have access to the emergency preparedness tools they need to keep their residents and employees safe. The companies also announced their first customer win as part of this new arm to their partnership. Edmonton Police Services, with a community of a million citizens, has chosen BlackBerry AtHoc as its emergency preparedness solution. TELUS will also resell BlackBerry AtHoc to government entities across British Columbia, so municipalities across the Province are enabled to protect their citizens.
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RNLX | Hot Stocks07:04 EDT Renalytix AI receives California commercial laboratory certification - Renalytix AI announced that it has received a California Clinical Laboratory License from the California Department of Health for its clinical laboratory in Salt Lake City, Utah. KidneyIntelX may now be used to report risk assessment of progressive decline in kidney function for patients in California with early stage diabetic kidney disease. With this certification, the Company is now licensed to provide KidneyIntelX testing services for patients in 49 states. According to the American Society of Nephrology, California has more than five million patients with kidney diseases, 94,000 patients diagnosed with kidney failure and 68,000 patients on dialysis,1 one of the highest rates of CKD in the nation. In August 2020, RenalytixAI announced that it filed a submission seeking clearance of KidneyIntelX with the U.S. Food and Drug Administration. This FDA filing builds on the Company's regulatory and commercialization program, which includes the September 18th announcement of the commercial launch of the KidneyIntelX clinical test reporting platform within the Mount Sinai Health System. This launch follows the announcement that the New York State Department of Health issued a clinical laboratory permit for commercial clinical testing of KidneyIntelX in June 2020.
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BMY BLUE | Hot Stocks07:03 EDT Bristol-Myers, bluebird bio get FDA priority review for Ide-cel - Bristol Myers Squibb (BMY) and bluebird bio, Inc. (BLUE) announced that the U.S. Food and Drug Administration has accepted for Priority Review their Biologics License Application for idecabtagene vicleucel, or Ide-cel, the companies' investigational B-cell maturation antigen-directed chimeric antigen receptor T cell immunotherapy, for the treatment of adult patients with multiple myeloma who have received at least three prior therapies, including an immunomodulatory agent, a proteasome inhibitor and an anti-CD38 antibody. The FDA has set a Prescription Drug User Fee Act goal date of March 27, 2021. "Today's Priority Review milestone recognizes the potential of this first anti-BCMA CAR T cell therapy to address a critical unmet need of patients with multiple myeloma," said Stanley Frankel, M.D., senior vice president, Cellular Therapy Development, Bristol Myers Squibb. "We are pleased by the significant progress that is being made in partnership with patients and the multiple myeloma community to bring ide-cel to adults with relapsed and refractory multiple myeloma who are triple-class exposed and may benefit from an important new therapeutic option." The BLA is based on results from the pivotal Phase 2 KarMMa study evaluating the efficacy and safety of ide-cel in 128 adults with heavily pre-treated and highly refractory multiple myeloma exposed to an immunomodulatory agent, a proteasome inhibitor and an anti-CD38 antibody. Results from the study were shared during an oral presentation as part of the American Society of Clinical Oncology 2020 Virtual Scientific Program. Ide-cel was granted Breakthrough Therapy Designation by the FDA, and PRIority MEdicinesdesignation and validation of its Marketing Authorization Application by the European Medicines Agency for relapsed and refractory multiple myeloma. Bristol Myers Squibb plans regulatory submissions for ide-cel in additional markets outside the U.S. and EU.
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BPMC | Hot Stocks07:03 EDT Blueprint Medicines announces results from trials of AYVAKIT - Blueprint Medicines announced positive top-line results from the Phase 1 EXPLORER and Phase 2 PATHFINDER clinical trials of AYVAKIT, or avapritinib, in patients with advanced systemic mastocytosis. Consistent with previously reported EXPLORER trial results, the registrational data for AYVAKIT showed profound reductions in mast cell burden, high overall response and complete remission rates, and durable clinical benefit, including prolonged median overall survival, or OS. AYVAKIT was generally well-tolerated, with an improved safety profile at the 200 mg once daily, or QD, dose. Based on these data, Blueprint Medicines plans to submit a supplemental new drug application, or sNDA, to the FDA for AYVAKIT for the treatment of advanced SM in the Q4. SM is a rare, debilitating disease driven by the KIT D816V mutation in nearly all patients.
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ALXO MRK | Hot Stocks07:03 EDT ALX Oncology, Merck to collaborate on Phase 2 immuno-oncology studies of ALX148 - ALX Oncology (ALXO) announced it has entered into a clinical trial collaboration with Merck (MRK) to evaluate the combination of ALX148, an investigational next generation CD47 blocker, and KEYTRUDA, Merck's anti-PD-1 therapy, for the treatment of patients with Head & Neck Squamous Cell Carcinoma. Under the terms of the agreement, ALX Oncology will conduct a Phase 2 program comprising two separate Phase 2 studies. The first study will evaluate the efficacy of ALX148 in combination with KEYTRUDA for the first line treatment of patients with PD-L1 expressing metastatic or unresectable, recurrent HNSCC. The second study will evaluate ALX148 in combination with KEYTRUDA and standard chemotherapy for the first line treatment of patients with metastatic or unresectable, recurrent HNSCC. These new studies will be initiated based on promising data from ALX148 in combination with pembrolizumab generated by ALX Oncology in a Phase 1b trial evaluating patients with HNSCC that was the basis for ALX148's Fast Track Approval granted by the U.S. Food and Drug Administration. Phase 1b trial results presented at ASCO 2020 showed that patients with HNSCC who had progressed on prior platinum therapy and who had never received a checkpoint inhibitor treated with ALX148 in combination with pembrolizumab demonstrated a 40% objective response rate, a median progression-free survival of 4.6 months with a median overall survival that was not reached. ALX Oncology owns worldwide commercial rights to ALX148.
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AZO | Hot Stocks06:59 EDT AutoZone opened 49 new stores in the U.S in Q4 - During the quarter ended August 29, AutoZone opened 49 new stores in the U.S., 11 stores in Mexico and five stores in Brazil. At the fiscal year end, the company had 5,885 stores in the U.S., 621 stores in Mexico and 43 stores in Brazil for a total count of 6,549.
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AZO | Hot Stocks06:58 EDT AutoZone reports Q4 gross profit 53.1% vs. 53.4% a year ago - For the quarter, gross profit, as a percentage of sales, was 53.1% (versus 53.4% for last year's quarter). The decrease in gross margin was attributable to lower merchandise margins driven primarily by a shift in mix. Operating expenses, as a percentage of sales, were 30.7% (versus 33.8% for last year's quarter), with leverage primarily due to higher sales volumes.
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AZO | Hot Stocks06:56 EDT AutoZone reports inventory up 3.6% y/y
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KKR | Hot Stocks06:53 EDT KKR reports Q3 gross interest and realized investment income of $435M - KKR announced a monetization activity update for the period from July 1, through September 21. Based on information available to us as of today, with respect to the period through September 21, KKR has earned gross realized carried interest and total realized investment income of approximately $435M. This is driven primarily by strategic and secondary sale transactions that have closed quarter to-date, as well as dividend and interest income from KKR's balance sheet portfolio.
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STOR | Hot Stocks06:46 EDT Store Capital reports September rent collections of 88% - As of September 21, Store Capital had received rent payments representing 88% of contractual base rent and interest for the month of September. The increase in collections was primarily driven by higher rent collected from tenants in the health club industry. Based on recent payments, the company has now received 87% of both July and August base rent and interest, resulting in aggregate third quarter 2020 cash rent collections of 87%, compared to 73% reported for the second quarter. In addition, according to an updated survey of Store Capital tenants, the percentage of properties open in September also increased to 98% from 93% in August.
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AKAM T | Hot Stocks06:33 EDT Akamai, AT&T extend business relationship through 2023 - Akamai (AKAM) and AT&T (T) are extending their business relationship through 2023. This renewed agreement continues to give AT&T business customers around the world access to Akamai services as part of AT&T's portfolio of cloud and network services. This is the second renewal of work between Akamai and AT&T. They began working together in 2012, and extended the relationship in 2017. During that time, AT&T has become the largest global provider of Akamai's security solutions, which include its enterprise application access, or EAA, and enterprise threat protector products, providing secure, controlled access to apps for remote workers and secure web gateways, respectively.
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DOX | Hot Stocks06:04 EDT Vubiquity announces partnership with the Liberty Global group - Vubiquity, part of the Amdocs Media Division announced a long-term content services partnership with the Liberty Global group and its affiliates across Europe. The multi-year contract includes the expansion of the existing, long-standing relationship Virgin Media maintains with Vubiquity. Vubiquity will be providing content licensing and digital supply chain solutions to support Liberty Global's consumer video and TV platforms and Virgin Media's on-demand services across cable, broadband and TV.
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FAMI | Hot Stocks06:03 EDT Farmmi subsidiary passes HACCP certification audits - Farmmi announced one of its subsidiaries, Zhejiang Forasen Food, successfully passed the BRC Global Standard for Food Safety and Hazard Analysis Critical Control Point, or HACCP, certification audits. Passing the audit of two certifications, or the "Double Certification" audit, further validates the company's quality management and food safety management systems. The company began the certification process earlier this year as part of the final phase of its technology transformation project. With the "Double Certification" granted, the company will now be able to utilize its expanded production capacity.
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TPC | Hot Stocks06:02 EDT Tutor Perini awarded $47M task order - Tutor Perini announced that Black Construction-Tutor Perini JV has been awarded a task order valued at approximately $47M by the Naval Facilities Engineering Command, Pacific Region, for the P-491 Explosive Ordnance Disposal Compound Facilities Project at Naval Base Guam. The project scope of work includes design and construction of a consolidated operations facility, maintenance facility, armory, multipurpose/training facility and certain additional structures. This is the first task order the Company has been awarded under an existing multiple-award construction contract that has a ceiling value of $990M and which is available for additional competitively bid future task order awards through September 2024. The task order value is included in the Company's Q3 backlog. The project is expected to be completed in December 2022.
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NXTTF HITIF | Hot Stocks05:26 EDT Namaste Technologies enters recreational cannabis market with High Tide pact - Namaste Technologies (NXTTF) and High Tide (HITIF) announced that wholly-owned subsidiaries of each corporation recently entered into a CannMart marketplace agreement pursuant to which High Tide, via Canna Cabana as a licensed retailer by the Saskatchewan Liquor and Gaming Authority, will make recreational cannabis products available online exclusively on CannMart.com as a licensee under Namaste's VendorLink platform for an initial term of one year, subject to renewals. Upon launch, approximately 40 products designated for recreational use will be available to Saskatchewan-based customers, with weekly inventory changes and product additions to follow. The agreement marks Namaste's entrance into the direct-to-consumer recreational cannabis market via CannMart.com by using its new marketplace solution, VendorLink, to facilitate the sale of cannabis products by licensed retailers. For High Tide, the agreement accelerates its growth plans in the province and expands its customer reach based on CannMart's e-commerce business. Customers within the designated region will be able to shop a catalogue of recreational cannabis products without the need for a prescription. Conversely, CannMart's medical customers in Saskatchewan will have the ability to select and purchase both medical and recreational products.
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LI NVDA | Hot Stocks05:10 EDT Li Auto announces strategic cooperation with Nvidia for Orin SoC chipset - Li Auto (LI) announced a three-way strategic cooperation with Nvidia (NVDA) and Nvidia's Chinese partner, Huizhou Desay SV. Through this strategic cooperation, Li Auto will be the first OEM equipping its vehicles, the full-size extended-range premium smart SUV to be launched in 2022, with the Nvidia Orin SoC chipset. The Nvidia Orin SoC was released in 2019 and is scheduled to be in production in 2022. Orin uses a 7-nanometer production process to achieve a computing power of 200 TOPS, seven times that of the previous generation, the Xavier SoC. Even with the improvement in computing performance, Orin's baseline power consumption is 45 watts. In addition, Li Auto will provide end users with upgradeable solutions, ranging from L2+ autonomous driving with a single Orin chip and 200 TOPS in computing power, to L4 with dual Orin chips and 400 TOPS in computing power. In the future, the use of discrete GPU can further increase the computing power up to 2000 TOPS theoretically, which provides sufficient hardware capabilities for L5 autonomous driving. Desay SV will build on the Orin SoC, and provide an autonomous driving domain controller. On this foundation, Li Auto will develop all autonomous driving program design and algorithms, aiming to become the first new energy vehicle company to independently develop L4 autonomous driving systems in China. Li Auto plans to achieve the full range of autonomous driving in its next generation of vehicles.
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