Stockwinners Market Radar for April 12, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
LYFT | Hot Stocks20:27 EDT Lyft CFO sells 15K shares of common stock - In a regulatory filing, Lyft disclosed that its CFO Brian Roberts sold 15K shares of common stock on April 8th in a total transaction size of $919.9K, reducing his stake by about 1%.
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IVBXF LLY | Hot Stocks20:05 EDT Innovent/Eli Lilly's phase 3 study of TYVYT in sqNSCLC saw OS improvement - Innovent Biologics (IVBXF) announced with Eli Lilly (LLY) that the results of the Phase 3 ORIENT-3 study were released today in an oral presentation at the American Association for Cancer Research Annual Meeting 2021. ORIENT-3 is a randomized, open-label, Phase 3 clinical trial evaluating TYVYT, or sintilimab injection, versus docetaxel as a second-line treatment for advanced or metastatic squamous non-small cell lung cancer, or sqNSCLC. A total of 290 patients whose cancer had progressed following first-line treatment with platinum-based chemotherapy were enrolled. Based on the primary analysis population, TYVYT demonstrated a statistically significant improvement in overall survival, or OS, compared to docetaxel, meeting the pre-specified primary endpoint. The median OS was 11.79 months for patients on the TYVYT arm and 8.25 months for those on the docetaxel arm. The median progression-free survival as assessed by investigators was 4.30 months versus 2.79 months, and the confirmed objective response rate was 25.5% versus 2.2%, respectively. Safety was consistent with previous studies of TYVYT, and no new safety signals were identified.
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OPEN | Hot Stocks19:33 EDT Opendoor Technologies up 1.5% afterhours after ARK Investment ETF trade update - Shares of Opendoor Technologies are up 1.5% afterhours at $19.70. In its daily evening update, ARK Investment Management disclosed a Buy of 633.4K shares of common stock.
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A | Hot Stocks19:20 EDT Agilent CEO sells 15,095 shares of common stock - In a regulatory filing, Agilent disclosed that its CEO Michael McMullen sold 15,095 shares of common stock on April 8th in a total transaction size of $1.97M, reducing his stake by about 5%.
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MESA | Hot Stocks19:05 EDT Mesa Air reports 28.1K block hours in March, down 15.9% from last year - Mesa Air Group reported Mesa Airlines' operating performance for March 2021. Mesa Airlines reported 28,127 block hours in March 2021, a 15.9% drop from March 2020 "as a result of reduced schedules during the COVID-19 pandemic. The company also reported a controllable completion factor of 99.86 percent and 100 percent for its American and United operations, respectively. For Q2 of fiscal year 2021 ending March 31st, total block hours were 73,942 on 35,270 departures. These block hours are well below our guidance provided on our Q1 fiscal year 2021 Earnings Release. The reduced block hours and departures were the result of the mid-February major winter storm and subsequent Texas power outages impacting our major operations in both Dallas and Houston. During that period, we cancelled almost 1,300 flights representing close to 3,000 block hours while still incurring crew costs."
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ACDVF | Hot Stocks18:54 EDT Air Canada enters into debt, equity financing agreement with Canadian government - Air Canada announced that it has entered into a series of debt and equity financing agreements with the Government of Canada, which will allow Air Canada to access up to C$5.879B in liquidity through the Large Employer Emergency Financing Facility program. "Air Canada entered the pandemic more than a year ago with one of the global airline industry's strongest balance sheets relative to its size. We have since raised an additional $6.8 billion in liquidity from our own resources to sustain us through the pandemic, as air traffic ground to a virtual halt in Canada and internationally," said Michael Rousseau, President and Chief Executive Officer of Air Canada. "The additional liquidity program we are announcing today achieves several aligned objectives as it provides a significant layer of insurance for Air Canada, it enables us to better resolve customer refunds of non-refundable tickets, maintain our workforce and re-enter regional markets. Most importantly, this program provides additional liquidity, if required, to rebuild our business to the benefit of all stakeholders and to remain a significant contributor to the Canadian economy through its recovery and for the long term. As vaccine deployments ramp up, we continue to work with the Government of Canada on the evolution of safe and science-based test and quarantine relief measures with a view to safely restarting our sector. We know that Canadians are looking forward to re-connecting with friends and family and taking those long-awaited vacations and business trips and we will be ready to safely connect Canadians within Canada and Canada to the world," said Rousseau.
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AKUS | Hot Stocks18:54 EDT FDA grants Akouos orphan drug designation in OTOF-mediated hearing loss - On a post on the FDA's website, Akouos' treatment for otoferlin gene (OTOF)-mediated hearing loss was granted orphan drug designation. Reference Link
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AFLYY | Hot Stocks18:41 EDT Air France-KLM, China Eastern Airlines extend scope of partnership - In the context of the participation of China Eastern Airlines to the share capital increase of Air France-KLM, both airline groups have decided to extend the scope of their partnership through: an intensified commercial cooperation and an extended collaboration to noncommercial related activities, and; an increased footprint on the Beijing market, with the Paris-Beijing and Amsterdam-Beijing routes joining the current Joint Venture existing between Air France-KLM and China Eastern Airlines when conditions are satisfied.
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VSTA | Hot Stocks18:30 EDT Vasta Platform CFO Clovis Poggetti Junior resigns, Bruno Giardino to succeed - Vasta Platform announced the resignation for personal reasons of Clovis Poggetti Junior as its CFO and investor relations officer and the appointment of Bruno Giardino to serve as the company's CFO and investor relations officer. Clovis Poggetti Junior will continue in the company until April 23, during which period he will transfer his activities to Bruno Giardino. Giardino joins the company after having served as the investor relations officer for the company's parent company, Cogna Educacao S.A., since March 2020.
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SFE | Hot Stocks18:29 EDT Safeguard Scientifics exits ownership of stake in Zipnosis - The company states: "Safeguard Scientifics announced the exit of our ownership interest in Zipnosis. Safeguard received $3.3M of initial cash proceeds and a preferred equity interest in Bright Health Group, a national integrated healthcare company. The majority of the consideration we received in the transaction is reflected in this preferred equity interest. Additional cash proceeds may be received from the final determinations of net working capital and the resolution of various escrow contingencies. Safeguard will report a gain on the sale of the Zipnosis ownership interest for the quarter ended March 31, 2021, based on the total value received from the transaction."
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LMT | Hot Stocks17:32 EDT Lockheed Martin awarded $447.23M Navy order for 12 MH-60R aircraft - Lockheed Martin was awarded a $447.23M firm-fixed-price order against a previously issued basic ordering agreement. This order provides for the production and delivery of 12 MH-60R aircraft for the government of the Republic of Korea. Work is expected to be completed in December 2024. Foreign Military Sales funds in the amount of $447.23M will be obligated at time of award, none of which will expire at the end of the current fiscal year. The Naval Air Systems Command is the contracting activity.
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RILY... | Hot Stocks17:17 EDT B. Riley Financial to replace Michaels in S&P 600 at open on 4/15 - Apollo Global Management (APO) is acquiring The Michaels Companies (MIK) in a deal expected to be completed soon pending final conditions.
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BTN | Hot Stocks17:17 EDT Ballantyne Strong to buy forest and paper product assets in Ontario for $214M - The company states: "Ballantyne Strong announced that portfolio company GreenFirst Forest Products has entered into a binding asset purchase agreement pursuant to which a wholly-owned subsidiary of GreenFirst has agreed to acquire a portfolio of forest and paper product assets from Rayonier A.M. Canada G.P. and Rayonier A.M. Canada Industries Inc., each a subsidiary of Rayonier Advanced Materials Inc. Based on GreenFirst's announcement, the purchased assets include six lumber mills which are located in Chapleau, Cochrane, Hearst and Kapuskasing in Ontario, and in Bearn and La Sarre in Quebec, as well as one newsprint mill located in Kapuskasing, Ontario. The purchased assets have an annual production capacity of 755 MMFbm and are capable of producing a wide range of forest products used in residential and commercial construction, including SPF lumber, wood chips and by-products. The newsprint mill has an annual production capacity of 205,000 MT/year. Collectively, the purchased assets rank as a top ten producer of lumber in Canada, based on recent publicly available industry rankings."
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OTIC | Hot Stocks17:12 EDT Baker Bros. Advisors takes 14.99% passive stake in Otonomy - Baker Bros. Advisors disclosed a 14.99% stake in Otonomy, which represents over 7.22M shares. The filing does not allow for activism.
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EGO | Hot Stocks17:09 EDT Eldorado Gold reports Q1 gold production 111.7K oz - Guides FY21 gold production 430K-460K oz vs. 528.9K reported for FY20.
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FUV | Hot Stocks17:00 EDT Arcimoto announces move to Nasdaq Global Market - Arcimoto announced that it has received approval from NASDAQ to begin listing its shares of common stock on The NASDAQ Global Market effective today, April 12, 2021. The move to The NASDAQ Global Market from The NASDAQ Capital Market reflects the significant growth of Arcimoto's business and market capitalization. "Arcimoto's rise speaks volumes about the urgency of our mission and the importance of creating a sustainable transportation system as soon as possible," said Mark Frohnmayer, Arcimoto Founder and CEO. "Arcimoto is building products to solve this global problem. We believe the move to The Nasdaq Global Market will make Arcimoto more accessible to investors around the world who are aligned with our mission."
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GRA | Hot Stocks16:41 EDT W.R. Grace licenses UNIPOL PP Process Technology to Enter Engineering - W. R. Grace & Co. has licensed its UNIPOL PP Process Technology to the new MTO Gas Chemical Complex located in the Bukhara region of Uzbekistan to Enter Engineering. The UNIPOL PP Technology facility is expected to be launched by-2025 and will include one reactor line with the capability to produce 257KTA of polypropylene.Enter Engineering Pte. Ltd., one of the largest construction companies in the region, will act as a licensee on behalf of the JV Jizzakh Petroleum LLC who will own and operate the Gas Chemical Complex.
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ZUMZ | Hot Stocks16:39 EDT Zumiez chairman sells over 190,000 common shares - In a regulatory filing, Zumiez chairman Thomas Campion disclosed the sale of 190,044 common shares of the company on April 9 at a price of $47.03 per share.
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AL EADSY | Hot Stocks16:34 EDT Air Lease delivers one new Airbus A321-200neo aircraft to Air Astana - Air Lease (AL) announced the delivery of one new Airbus (EADSY) A321-200neo LR aircraft on long-term lease to Air Astana. This aircraft, featuring Pratt & Whitney PW1133G engines, is the fifth new A321-200neo LR to deliver to Air Astana from ALC's order book with Airbus. In addition to the five A321-200neo LRs, Air Astana also has one A320-200, two A320-200neos and one A321-200neo on long-term lease from ALC.
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EVC | Hot Stocks16:32 EDT Entravision receives notification of NYSE compliance - Entravision Communications Corporation announced that the company has received notification from the New York Stock Exchange that it has officially regained compliance with exchange listing requirements under the timely filing criteria established in Section 802.01E of the NYSE Listed Company Manual.
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AMRN | Hot Stocks16:32 EDT Amarin CEO John Thero to retire, Karim Mikhail to succeed - Amarin announced that John Thero has informed the board of directors of his plan to retire as president and CEO, effective August 1. He will also step down from the board at that time. The board has appointed Karim Mikhail, Amarin's senior vice president and head of commercial for Europe, to succeed Thero as the company's next president and CEO. Mikhail will join the board upon his effective date. Thero will continue to provide his guidance and expertise to the company in an advisory capacity through the end of 2021. Mikhail joined Amarin in 2020 from THEODON, a global commercial strategy consultancy he founded in 2018.
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BEN | Hot Stocks16:31 EDT Franklin Resources reports AUM of nearly $1.5T at March 31 - Franklin Resources reported preliminary month-end assets under management of $1.4989T at March 31, 2021, compared to $1.5005T at February 28, 2021. This month's AUM reflected slightly positive market gains offset by long-term net outflows, primarily driven by a single fixed income institutional redemption of nearly $6B that had minimal impact on revenue. For the quarter ended March 31, 2021, AUM reflected slightly positive market gains offset by long-term net outflows of $4.2B inclusive of the single client redemption mentioned above and the previously disclosed $1.3B of outflows in February from the company's closed India credit funds that were non-management fee earning. Reinvested distributions for the quarter were $2.3B.
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MFNC | Hot Stocks16:30 EDT Mackinac Financial trading resumes
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IVZ | Hot Stocks16:26 EDT Invesco reports preliminary AUM $1.404T as of March 31 - An increase of 0.9% versus previous month-end. Total net inflows were $6.4B.
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AB | Hot Stocks16:22 EDT AllianceBernstein reports preliminary AUM $697B as of March 31 - Up from $688B at the end of February. Firmwide net inflows into all three distribution channels - Institutions, Retail, and Private Wealth, coupled with market appreciation, drove the 1.3% increase. There were no outflows resulting from AXA S.A's ongoing redemption of certain low-fee fixed income mandates, of which approximately $2B remains outstanding, the majority of which is expected in the second quarter.
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CNS | Hot Stocks16:21 EDT Cohen & Steers reports preliminary AUM $87B as of March 31 - An increase of $4B from assets under management at February 28. The increase was due to net inflows of $1.5B and market appreciation of $2.7B, partially offset by distributions of $281M.
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APAM | Hot Stocks16:21 EDT Artisan Partners reports March AUM of $162.9B - Artisan Partners Asset Management reported that its assets under management, or AUM, as of March 31 totaled $162.9B. Separate accounts accounted for $84.1B of total firm AUM, while Artisan Funds and Artisan Global Funds accounted for $78.8B.
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IAC | Hot Stocks16:20 EDT IAC reports March Vimeo revenue up 60% from last year - As part of its March monthly metrics disclosure, IAC also reports ANGI Homeservices revenue up 31%, Dotdash revenue up 47%, and its Search business revenue up 35% from last year. Reference Link
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HLIT | Hot Stocks16:13 EDT Harmonic enters cooperation agreement with Scopia Capital - Harmonic announced that it has entered into a cooperation agreement with Scopia Capital Management. Under the terms and subject to the conditions of the agreement, Scopia has the right to appoint two directors to Harmonic's board of directors during the next year. In addition, Scopia will support Harmonic's slate of nominees at the upcoming 2021 annual meeting and abide by customary standstill and other provisions.
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CELC | Hot Stocks16:12 EDT Celcuity presents data at AACR annual meeting assessing gedatolisib - Celcuity presented results of studies evaluating gedatolisib, a pan-PI3K/mTOR inhibitor, inavolisib, a PI3K-alpha inhibitor), and navitoclax, a BCL inhibitor, in breast and ovarian patient tumors. Results were presented in two e-posters at the American Association for Cancer Research, AACR, Annual Meeting. The CELsignia RAS Network Activity test for breast and ovarian cancer identifies patients whose tumors have hyperactive RAS network signaling. The posters presented at AACR describe studies using this CELsignia test to characterize the role RAS network nodes, PI3K, mTOR, and
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ICFI | Hot Stocks16:12 EDT ICF International awarded $16M contract by U.S. Department of Labor - ICF was recently awarded two agreements with an estimated value of $16M to provide IT and cybersecurity workforce development services under the U.S. Department of Labor's H-1B One Workforce Grant Program. This program invests in training the current and future workforce for careers in critical industries such as IT, advanced manufacturing and transportation.
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SPWR | Hot Stocks16:11 EDT SunPower names Regan MacPherson as Chief Legal Officer - SunPower announced Regan MacPherson as its new executive vice president and chief legal officer. She brings more than 20 years of legal expertise to SunPower, including work in corporate law and governance, mergers and acquisitions, securities and transactional work and managing legal risk while achieving business objectives. MacPherson replaces Ken Mahaffey who has decided to leave the company to pursue other opportunities.
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CLDX | Hot Stocks16:10 EDT Celldex presents bispecific platform data at AACR - Celldex announced the presentation of data from the company's growing bispecific platform at the American Association of Cancer Research, or AACR. The company described the discovery and characterization of ILT4 inhibitory monoclonal antibodies, or mAbs, for engineering bispecific antibodies, or bsAbs, that revert myeloid cell suppression by antagonizing ILT4 and activate T-cell responses through PD-(L)1 inhibition (poster # 1865). Based on the results reported today, Celldex is developing clinical bispecific candidates that co-target ILT4 and PD-(L)1. Expression of ILT4 in several tumor types is associated with poor outcome. In preclinical models, antagonist antibodies to ILT4 have demonstrated immune enhancing and antitumor effects. More recently, in early clinical studies, combination approaches that combine co-targeting of ILT4 and checkpoint blockade have demonstrated clinical activity and safety, including in patients refractory to checkpoint inhibition therapy. The data Celldex presented at AACR describe novel humanized antibodies with high affinity and specificity to ILT4 that effectively block immune suppression in macrophages. Candidate bispecific antibodies matched with either PD-L1 or PD-1 antibodies resulted in molecules that retained all the properties of the parental antibodies and simultaneously blocked the inhibitory signals from both ILT4 and PD-1. The data provide proof of concept for development of clinical candidates.
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VRTS | Hot Stocks16:09 EDT Virtus Investment reports preliminary total AUM $168.9B as of March 31 - The increase in AUM from December 31, 2020 reflected the addition of $29.5B of assets from the strategic partnership with Allianz Global Investors, market appreciation, and positive net flows in retail separate accounts, open-end funds, exchange traded funds, and institutional.
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ZUO | Hot Stocks16:09 EDT Zuora targets subscription revenue growth of 25% or more in FY25 - Zuora held a virtual Investor Day today, at which Zuora's senior leadership and customers and a system integrator partner gave presentations. The company provided an overview of its financial and strategic plans and disclosed new financial targets and key performance indicators for its fiscal year 2025. Zuora set financial targets for fiscal year 2025, including: Subscription revenue growth of 25% or more, Professional services revenue of less than 15%, Non-GAAP subscription gross margin of 82% or more, Non-GAAP operating margin of 10% or more, Free cash flow margin of 10% to 15%. Zuora also introduced three new KPIs to monitor its progress with the objective of meeting these targets by the end of fiscal year 2025, including: annual recurring revenue growth of 25% to 30% and Net Dollar Retention of 112%-115%.
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VNOM | Hot Stocks16:08 EDT Viper Energy reports Q1 2021 average production of 15,500 bo/d - Viper Energy Partners provided an operational update for the first quarter ended March 31. Q1 average production of 15,500 bo/d, 26,066 boe/d. 134 gross horizontal wells turned to production on Viper's acreage during Q1 with an average lateral length of 10,584 feet; Diamondback is the operator of 50 gross of the total wells turned to productionQ1. unhedged realized prices of $56.16 per barrel of oil, $22.42 per barrel of natural gas liquids and $2.77 per Mcf of natural gas, resulting in a total equivalent price of $41.14 per boe Q1 2021 hedged realized prices of $45.45 per barrel of oil, $22.42 per barrel of natural gas liquids and $2.77 per Mcf of natural gas, resulting in a total equivalent price of $34.77 per boe. Repurchased 869,965 common units in Q1 for an aggregate of $13M. "Despite the adversity presented by Winter Storm Uri in February, Viper produced a strong first quarter as production fully returned from the negative impacts of the severe weather and Diamondback quickly resumed completion operations. We expect production to remain strong throughout the remainder of 2021, particularly in the back half of the year, as Diamondback plans to complete more wells with a higher interest net to Viper and third-party activity is expected to continue to strengthen relative to the levels experienced over the past several quarters," stated Travis Stice, Chief Executive Officer of Viper's general partner.
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FANG | Hot Stocks16:07 EDT Diamondback Energy sees FY21 production 360-370 MBOE/d - Sees FY21 oil production 218-222 MBO/d. Sees FY21 cash capital expenditures $1.6B-$1.75B. The company expects to drill between 200 and 215 gross wells and complete between 275 and 285 gross wells with an average lateral length of approximately 10,300 feet in 2021. "Diamondback executed well in the first quarter 2021 and quickly overcame the adversity presented by Winter Storm Uri in February. We closed our two previously announced Guidon and QEP acquisitions in the quarter, and subsequently executed a successful tender offer and refinancing of QEP's senior notes. This refinancing adds $40 million of annual interest cost savings to the $60 - $80 million of previously announced annual cost synergies expected to be extracted from the QEP transaction," stated Travis Stice, CEO of Diamondback.
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DMRC | Hot Stocks16:06 EDT Digimarc CEO Bruce Davis retires, Riley McCormack to succeed - Digimarc announced the retirement of Bruce Davis as Digimarc's President and CEO and as Chairman and member of Digimarc's Board of Directors, effective immediately. Riley McCormack, a current member and Lead Director of the Digimarc Board, has been appointed as the company's President and CEO, effective April 12, and will remain as a director of the company. Davis's retirement from management and the board is unrelated to the company's financial reporting and business performance, nor was his decision to leave due to any disagreement with the company's operations, policies or practices.
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PCB | Hot Stocks16:06 EDT PCB Bancorp board approves stock buyback for up to 5% of outstanding shares - PCB Bancorp announced that on April 8, 2021, its board approved a repurchase program authorizing for the repurchase up to 5% of the company's outstanding common stock as of the date of the board meeting, which represented 775,000 shares, through September 7, 2021, with repurchases to commence shortly after the company announces its unaudited results for the first quarter of 2021.
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FANG | Hot Stocks16:05 EDT Diamondback Energy reports Q1 average production 184.2 MBO/d - Reports Q1 average production of MBOE/d. Reports Q1 average unhedged realized prices of $56.94 per barrel of oil, $22.94 per barrel of natural gas liquids and $3.05 per Mcf of natural gas, resulting in a total equivalent price of $42.36 per BOE. Reports Q1 average hedged realized prices of $46.81 per barrel of oil, $22.76 per barrel of natural gas liquids and $2.64 per Mcf of natural gas, resulting in a total equivalent price of $35.75 per BOE. Diamondback realized total hedging losses of $102M in Q1, including $80M of realized gains from the early termination of interest rate swaps. Reports Q1 estimated cash capital expenditures of $280M-$300M.
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KOS | Hot Stocks16:04 EDT Kosmos names Tim Nicholson as Head of Exploration - Kosmos Energy announced that Tim Nicholson has been promoted to Senior Vice President and Head of Exploration, and John Shinol has been promoted to SVP and Chief Geoscientist. Tracey Henderson, the previous SVP of Exploration, has left Kosmos to pursue other interests.
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NCBS MFNC | Hot Stocks16:04 EDT Nicolet Bankshares to acquire Mackinac Financial for $248M - Nicolet Bankshares (NCBS) ("Nicolet") and Mackinac Financial (MFNC) ("Mackinac") jointly announced the execution of a definitive merger agreement, pursuant to which Nicolet will acquire Mackinac and its wholly-owned banking subsidiary, mBank. Based on the financial results as of December 31, 2020, the combined company will have pro forma total assets of $6.1B, deposits of $5.2B and loans of $3.9B, and Mackinac would represent approximately 25% of the combined company's year-end assets. Under the terms of the merger agreement, Mackinac shareholders will have the right to receive 0.22 shares of Nicolet's common stock and $4.64 for each share of common stock of Mackinac Financial Corporation with total consideration to consist of approximately 80% stock and 20% cash. Based upon the closing price of Nicolet Bancshares common stock of $84.40 on April 9, the implied per share purchase price is $23.21, with an aggregate transaction value of approximately $248M. The estimated transaction value is a 1.69 multiple of Mackinac's tangible book value as of December 31, 2020 and equates to approximately 18.3x Mackinac's 2020 earnings per share. The transaction has been unanimously approved by the boards of directors of both companies. It is subject to both Mackinac and Nicolet shareholder approval, regulatory approvals and other customary closing conditions and is expected to close in the third quarter. Upon consummation of the transaction, Nicolet's existing branch at 325 W. Pine Street, Eagle River, WI is expected to close and consolidate with continued service out of the legacy mBank office at 400 E. Wall Street, Eagle River, WI.
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MFNC | Hot Stocks16:00 EDT Mackinac Financial trading halted, news pending
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SIRI | Hot Stocks15:37 EDT Sirius XM, Major League Baseball expand agreement - Major League Baseball and SiriusXM have expanded their agreement to include additional streaming rights starting with the 2021 MLB season. For the first time, SiriusXM subscribers with a streaming-only subscription now have access to live play-by-play broadcasts of every MLB game as they listen on the SiriusXM app and on connected devices and speakers in their home. The SiriusXM app offers 30 play-by-play channels dedicated to streaming the official radio broadcasts of every MLB team, giving fans the choice between the home and visiting team announcers for every game, all season long. All 30 MLB play-by-play channels are also available on vehicles equipped with next generation SiriusXM with 360L radios. The new agreement also includes a multi-year extension of SiriusXM's rights to broadcast every MLB game.
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THBR INDI | Hot Stocks15:11 EDT Indie Semiconductor introduces ultrasonic automotive parking-assist solutions - Indie Semiconductor, an "Autotech solutions innovator" that is currently in the process of merging with Thunder Bridge Acquisition II (THBR), announced earlier today that it has unveiled "a family of high-performance sensing solutions supporting automotive parking-assist applications." Indie said "Leveraging its mixed signal, digital signal processing and power management expertise, indie's highly integrated Echosense and Sonosense devices incorporate proprietary DSP algorithms that reduce hardware requirements and lower overall costs. The solutions embody the company's holistic and optimized approach to solving the Autotech industry's most challenging architectural issues." As previously reported on December 15, 2020, Indie Semiconductor and Thunder Bridge Acquisition II have entered into a definitive agreement for a business combination that would result in the combined entity continuing as a publicly listed company. Upon closing of the transaction, the combined operating entity will be named indie Semiconductor and will be listed on Nasdaq under the ticker symbol (INDI).
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FWRD | Hot Stocks14:56 EDT Forward Air says 11 new Final Mile locations added in Q1 - Forward Air Corporation announced that 11 new Final Mile terminal locations were added in the first quarter of 2021, with 8 of the new locations leveraging existing LTL terminal infrastructure. Tom Schmitt, Chairman, President and Chief Executive Officer said, "This is an exciting time at Forward as our growth trajectory continues across each of our businesses. Our Final Mile service offering has been a key area of focus over the past two years as we have expanded across the country. When we leverage existing facilities within our network, we improve our speed-to-market with lower initial investment. We are also realizing operational efficiencies by integrating Final Mile customers within our traditional LTL terminals." In the first quarter of 2021, Forward Final Mile added operations in Denver, CO, Jacksonville, FL, Miami, FL, Orlando, FL, Tampa, FL, Hiawatha, IA, Frederick, MD, Bozeman, MT, Charlotte, NC, Memphis, TN and Nashville, TN.
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HUM | Hot Stocks14:48 EDT Humana reports selection by state of Ohio to serve Medicaid beneficiaries - Humana announced it has been selected by the Ohio Department of Medicaid to deliver health care coverage to Medicaid beneficiaries who live throughout Ohio starting in early 2022. "Humana will serve adults and children across the state of Ohio with the goal of helping them improve their health and well-being through a holistic, value-based approach to care that goes beyond traditional clinical care," the company said.
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VLDR ANSS | Hot Stocks14:36 EDT Velodyne Lidar, Ansys announce autonomous vehicle safety collaboration - Velodyne (VLDR) and Ansys (ANSS) announced they are developing software models of next-generation automotive lidar sensors to "provide substantially improved hazard identification capabilities for highly advanced AVs." The collaboration "incorporates Velodyne's lidar design into Ansys' virtual sensor suite and expedites automakers' integration of Velodyne's sensor into AVs - delivering industry-leading driving safety and a drastically faster path to market," Velodyne Lidar stated in a press release. Reference Link
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SMCI | Hot Stocks13:42 EDT Super Micro Computer expands NVIDIA ampere architecture-based GPU product line - Super Micro Computer , extends its market leadership in the growing areas of Artificial Intelligence Machine Learning (ML), High-Performance Computing, 3D-Graphics Visualization, and Desktop Virtualization. Supermicro has the broadest Tier 1 portfolio of systems that integrate state-of-the-art capabilities achieving 5 petaFLOPS of AI performance in a 4U form factor with the latest NVIDIA A100, NVIDIA A40, NVIDIA RTX A6000, and the new NVIDIA A30, NVIDIA A10, and NVIDIA A16 GPUs. "Our collaboration with NVIDIA enables us to design a complete portfolio of GPU systems and platforms empowering maximum customer choice. Customers can exactly match their workload requirements to system architecture to achieve superior scale, performance, efficiency, and cost," said Charles Liang, president and CEO, Supermicro. "Supermicro offers multi-GPU optimized systems that deliver advanced solutions to AI, Deep Learning, HPC, and video streaming applications. Leveraging our building block solutions and our time-to-market advantage, we continue developing and releasing application-optimized solutions. Our flexible 2U 2-node GPU system with PCIe 4.0 is tuned for cloud gaming and social media and leads the industry with support for up to three double-width or six single-width GPUs per node."
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BGNE | Hot Stocks13:36 EDT BeiGene presents interim analysis results of Rationale 303 trial of tislelizumab - BeiGene announced results from a planned interim analysis of the Phase 3 RATIONALE 303 trial of its anti-PD-1 antibody tislelizumab compared to docetaxel as second- or third-line therapy for patients with locally advanced or metastatic non-small cell lung cancein an oral presentation at the American Association for Cancer Research Annual Meeting 2021. A supplemental biologics application, sBLA, based on these results from the RATIONALE 303 trial was accepted in March 2021 and is currently under regulatory review in China. "Tislelizumab continues to demonstrate its potential in delivering meaningful survival benefit to patients with advanced or metastatic NSCLC in both the second- and third-line setting, as shown in today's reported results, as well as with treatment-naive populations as previously reported at last year's ASCO and ESMO meetings," commented Yong (Ben) Ben, M.D., Chief Medical Officer, Immuno-Oncology at BeiGene. "In addition, tislelizumab was generally well-tolerated, consistent with known risks from previously reported results across different tumor types. These encouraging results from RATIONALE 303, which supported the recently accepted sBLA in second- or third-line NSCLC in China, further suggest that tislelizumab is a potentially differentiated checkpoint inhibitor."
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RHHBY NVS | Hot Stocks13:22 EDT Roche announces FDA approval for Xolair prefilled syringe - Genentech, a member of the Roche Group (RHHBY), announced that the U.S. Food and Drug Administration has approved the company's supplemental Biologics License Application for Xolair prefilled syringe for self-injection across all approved U.S. indications. Xolair is the only FDA-approved biologic designed to target and block immunoglobulin E for the treatment of moderate to severe persistent allergic asthma, chronic idiopathic urticaria and nasal polyps. In the U.S., Genentech and Novartis Pharmaceuticals Corporation (NVS) work together to develop and co-promote Xolair.
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AAPL | Hot Stocks13:19 EDT Apple Mac sales implied up 65% vs. 22% consensus, Gene Munster says - Loup Ventures' Gene Munster said via Twitter: "The Mac is on fire. IDC suggests March quarter units were up 111% y/y. Over the last three quarters, IDC unit estimates have outpaced reported Mac revenue growth by an average of 1.7x. This implies March Mac revenue will be up 65%, compared to consensus at +22%."
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APDN | Hot Stocks13:18 EDT Applied DNA, Evvivax announce results of Phase 1 trial for LinearDNA vaccine - Applied DNA Science and its program development partner Evvivax announced preliminary Phase I clinical trial results for a LinearDNA COVID-19 vaccine candidate in adult domestic felines. Results following administration of a single prime dose of the vaccine candidate on day 1 in late February indicate that the LinearDNA vaccine candidate is well-tolerated by the cohort. A SARS-CoV-2 neutralization assay was conducted by the Cornell University Animal Health Diagnostic Center at the College of Veterinary Medicine 20 days after prime dose delivery to establish the immune response of all cohort members. The results of the neutralization assay yielded high titers of SARS-CoV-2 neutralizing antibodies from all cohort members. Follow-on NAb assay results after administration of the vaccine candidate booster are expected to be available in late April 2021. Based on the initial promising NAb titers after a single prime dose of the LinearDNA vaccine candidate, the companies intend to extend the evaluation of neutralizing antibodies in select cohort members through September 2021 to determine the durability of the immune response. Phase I is a single-center clinical trial designed to evaluate domestic feline immune response, safety, and tolerability of the vaccine candidate with a cohort of 11 healthy, client-owned domestic felines and conducted at GVS. The LinearDNA vaccine candidate is administered intramuscularly via gene electrotransfer of primer and booster 28-35 days apart. The vaccine candidate has previously demonstrated antibody and T-cell responses at low doses of LinearDNA in preclinical mouse models. Applied DNA has manufactured a complete supply of the vaccine candidate in a lyophilized form that is shelf-stable at room temperature with no loss of potency once resolubilized with water. On the assumption that the Phase I endpoint is met, Applied DNA and Evvivax are expected to initiate Phase II that will involve the placement of seroconverted vaccinated non-client-owned cats among infected cats, with the primary endpoint being the percent of vaccinated cats that resist infection. In addition, the two companies expect to initiate a Phase I/II clinical trial using the LinearDNA vaccine candidate in minks upon the receipt of all necessary regulatory approvals.
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NVDA | Hot Stocks13:08 EDT Nvidia announces eight new Ampere architecture GPUs - NVIDIA announced a range of eight new NVIDIA Ampere architecture GPUs for next-generation laptops, desktops and servers. For desktops, the new NVIDIA RTX A5000 and NVIDIA RTX A4000 GPUs feature new RT Cores, Tensor Cores and CUDA cores to speed AI, graphics and real-time rendering up to 2x faster than previous generations, Nvidia said in a statement. For professionals on the go needing thin and light devices, the new NVIDIA RTX A2000, NVIDIA RTX A3000, RTX A4000 and RTX A5000 laptop GPUs deliver accelerated performance without compromising mobility, and for the data center, there are the new NVIDIA A10 GPU and A16 GPU.
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NVDA CLDR | Hot Stocks13:07 EDT Cloudera up 3% to $13.01 after announcing collaboration with Nvidia
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CLDR NVDA | Hot Stocks13:05 EDT Cloudera collaborates with Nvidia to accelerate data analytics, AI in the cloud - Cloudera (CLDR) announced that Cloudera Data Platform will integrate the RAPIDS Accelerator for Apache Spark 3.0. Deployed on NVIDIA (NVDA) computing platforms, the software enables enterprises to accelerate data pipelines and push the performance boundaries of data and machine learning workflows to drive faster AI adoption and deliver better business outcomes, without changing any code, the company said in a statement.
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NVDA | Hot Stocks13:03 EDT Nvidia unveils Nvidia Drive Atlan 'AI center on wheels' - NVIDIA revealed its next-generation AI-enabled processor for autonomous vehicles, NVIDIA DRIVE Atlan, which will deliver more than 1,000 trillion operations per second and targets automakers' 2025 models. DRIVE Atlan will include NVIDIA's next-generation GPU architecture, new Arm CPU cores, as well as deep learning and computer vision accelerators, Nvidia said in a statement.
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NVDA HPE | Hot Stocks13:02 EDT DOE's LANL expands collaboration with HP Enterprise on new supercomputer design - Hewlett Packard Enterprise (HPE) announced it has expanded its collaboration with the U.S. Department of Energy's Los Alamos National Laboratory to build LANL a new supercomputer in early 2023. "The new supercomputer builds on to LANL's latest, diverse high-performance computing system designs, which include HPE-powered systems using the industry's leading CPUs and GPUs to target a range of workloads and R&D," HP Enterprise said in a statement. It will be based on novel technologies using the HPE Cray EX supercomputer, which features the new Arm-based NVIDIA (NVDA) Grace CPU, designed for larger scale HPC and AI applications, which was announced on Monday.
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GLNG... | Hot Stocks12:55 EDT Golar LNG board receives resignation notice from CEO Iain Ross - The Board of Golar LNG (GLNG) said it has received a resignation notice from its CEO Iain Ross. The contractual termination period is 6 months however the final duration can be prolonged or reduced upon mutual agreement. Golar LNG is currently in the final stages of closing the announced sale of its 50% interest in Hygo Energy Transition Limited and 32% interest in Golar LNG Partners LP (GMLP) to New Fortress Energy Inc. (NFE) for a total enterprise value consideration for the two companies of approximately $5B. The NFE transactions will simplify the Golar group structure, crystalize underlying value and strengthen the balance sheet, Golar LNG said in a statement The majority of the closing conditions have been completed, including prepayment notices issued to several of GMLPs lenders. Closing of the transactions is expected shortly. The Board of Golar LNG will immediately start the process to recruit Ross's successor.
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NVDA... | Hot Stocks12:33 EDT Nvidia announces partnerships for AI-on-5G platform - Nvidia (NVDA) announced it is teaming with Fujitsu (FJTSY), Google Cloud (GOOGL), Mavenir, Radisys and Wind River to develop solutions for NVIDIA's AI-on-5G platform, "which will speed the creation of smart cities and factories, advanced hospitals and intelligent stores." The company added: "Nvidia and several collaborators in this new AI-on-5G ecosystem are members of the O-RAN Alliance, which is developing standards for more intelligent, open, virtualized and fully interoperable mobile networks. Such collaboration allows operators to use the same computing infrastructure required for 5G networking to provide AI services in enterprise, industrial and consumer and residential settings."
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UBER... | Hot Stocks12:29 EDT Uber CEO tells CNBC it may get into cannabis delivery - Uber (UBER) CEO Dara Khosrowshahi told CNBC that the ride-hailing giant could start delivering cannabis once federal regulations allows the ocmpany to do so. "When the road is clear for cannabis, when federal laws come into play, we're absolutely going to take a look at it," Khosrowshahi told CNBC in a "Tech Check" interview. "We see so much opportunity out there and we're going to focus on the opportunity at hand," the CEO added. Publicly traded companies in the space include Aphria (APHA), Aurora Cannabis (ACB), CV Sciences (CVSI), CannTrust Holdings (CNTTF), Canopy Growth (CGC), Cronos Group (CRON), General Cannabis (CANN), India Globalization Capital (IGC), Tilray (TLRY), Trulieve Cannabis (TCNNF) and Zynerba (ZYNE). Reference Link
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NVDA... | Hot Stocks12:27 EDT Nvidia partners with Marvell, AWS on Arm computing for Cloud, HPC, Edge, PC - NVIDIA (NVDA) announced a series of collaborations that combine NVIDIA GPUs and software with Arm-based CPUs, "extending the benefits of Arm's flexible, energy-efficient architecture to computing workloads from the cloud to the edge," the company said in a statement. The initiatives include combining AWS Graviton2-based Amazon EC2 instances with NVIDIA GPUs; supporting the development of scientific and AI applications with a new HPC Developer Kit; boosting video analytics and security features at the edge; and creating a new class of Arm-based PCs with NVIDIA RTX GPUs. NVIDIA is expanding its collaboration with Marvell (MRVL) to combine OCTEON DPUs with GPUs to accelerate cloud, enterprise, carrier and edge applications. This combination will speed up AI workloads such as network optimization and security from the edge to cloud, boosting system performance and reducing latency, Nvidia said. NVIDIA and AWS (AMZN) announced that they are working together to deploy GPU-accelerated Arm-based instances in the cloud. The new Amazon EC2 instances will bring together AWS Graviton2 processors and NVIDIA GPUs to provide a range of benefits, including lower cost, support for richer game-streaming experiences, and greater performance for Arm-based workloads.
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INTC NVDA | Hot Stocks12:24 EDT Intel drops 2% after Nvidia announces first server microprocessors
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NVDA SDGR | Hot Stocks12:22 EDT Nvidia announces strategic partnership with Schrodinger - Nvidia (NVDA) announced a strategic partnership with Schrodinger (SDGR) that it said "harnesses Nvidia DGX A100 systems to further expand the speed and accuracy of Schrodinger's computational drug discovery platform and enable rapid, accurate evaluation of billions of molecules for potential development of therapeutics." "The predictive modeling built into our platform is designed to dramatically expand and accelerate the search for high-quality therapeutic molecules, and NVIDIA is a key technology partner in this work. Our advanced computational software helps the world's biggest pharma companies explore more of the chemical space and reach high-quality candidates more quickly, with far less compute cost, than traditional methods. We're proud to be working with NVIDIA to make that process run even more smoothly," said Patrick Lorton, chief technology officer at Schrodinger.
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NVDA INTC | Hot Stocks12:20 EDT Nvidia announces CPU for giant AI, high performance computing workloads - NVIDIA (NDA) announced its first data center CPU, an Arm-based processor that will deliver 10x the performance of today's fastest servers on the most complex AI and high performance computing workloads. "Leading-edge AI and data science are pushing today's computer architecture beyond its limits - processing unthinkable amounts of data," said Jensen Huang, founder and CEO of NVIDIA. "Using licensed Arm IP, NVIDIA has designed Grace as a CPU specifically for giant-scale AI and HPC. Coupled with the GPU and DPU, Grace gives us the third foundational technology for computing, and the ability to re-architect the data center to advance AI. NVIDIA is now a three-chip company." The Fly notes that Intel (INTC) also makes CPUs.
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ET... | Hot Stocks12:17 EDT Energy Transfer reports consent receipt for acquisition of Enable Midstream - Energy Transfer LP (ET) and Enable Midstream Partners, LP (ENBL) announced that following the SEC declaring effective the Registration Statement on Form S-4 on April 7, 2021, the two largest Enable unitholders have delivered their written consents to approve the merger of Enable into Energy Transfer. These unitholders, CenterPoint Energy, Inc. (CNP) and OGE Energy Corp (OGE), own approximately 79% of Enable's outstanding common units. While the consents of CNP and OGE are sufficient to approve the transaction, Enable is requesting all its common unitholders approve the merger and other proposals outlined in the Registration Statement by executing and returning the written consent furnished with the filing. Energy Transfer and Enable expect the transaction to close in mid-2021, subject to the satisfaction of customary closing conditions, including Hart-Scott-Rodino clearance.
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RSI CNTY | Hot Stocks12:07 EDT Rush Street announces launch in West Virginia of BetRivers.com - Rush Street Interactive (RSI) announced the launch in West Virginia of its "flagship brand and award-winning online casino platform," BetRivers.com. Through RSI's partnership with Century Casinos' (CNTY) Mountaineer Park, West Virginians can "now play a fun array of online slot games and popular table games," Rush Street stated.
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NVDA | Hot Stocks12:02 EDT Nvidia announces next-generation data processing unit, BlueField-3 DPU - Nvidia announced the Nvidia BlueField-3 DPU, its next-generation data processing unit, to "deliver the most powerful software-defined networking, storage and cybersecurity acceleration capabilities available for data centers." The company said: "The first DPU built for AI and accelerated computing, BlueField-3 lets every enterprise deliver applications at any scale with industry-leading performance and data center security. It is optimized for multi-tenant, cloud-native environments, offering software-defined, hardware-accelerated networking, storage, security and management services at data-center scale. One BlueField-3 DPU delivers the equivalent data center services of up to 300 CPU cores, freeing up valuable CPU cycles to run business-critical applications."
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KODK | Hot Stocks12:00 EDT Eastman Kodak falls -8.7% - Eastman Kodak is down -8.7%, or -69c to $7.22.
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GME | Hot Stocks12:00 EDT GameStop falls -9.6% - GameStop is down -9.6%, or -$15.27 to $143.09.
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TTM | Hot Stocks12:00 EDT Tata Motors falls -11.4% - Tata Motors is down -11.4%, or -$2.42 to $18.82.
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CBD | Hot Stocks12:00 EDT Companhia Brasileira de Distribuicao rises 8.5% - Companhia Brasileira de Distribuicao is up 8.5%, or 50c to $6.39.
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BABA | Hot Stocks12:00 EDT Alibaba rises 8.9% - Alibaba is up 8.9%, or $19.89 to $243.20.
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SIG | Hot Stocks12:00 EDT Signet Jewelers rises 9.5% - Signet Jewelers is up 9.5%, or $5.79 to $66.87.
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GM | Hot Stocks11:56 EDT General Motors launches Maps+ in-vehicle navigation solution - General Motors announced the launch of Maps+, an in-vehicle, app-based navigation solution, upgrading capabilities for select model year 2018 and newer Chevrolet, Buick, GMC and Cadillac vehicles by the end of 2021. Maps+, which is powered by Mapbox, is expected to begin its rollout to approximately 900,000 vehicles on April 30, as part of select Connected Services plans. For current owners of compatible vehicles that previously did not have navigation built in, Maps+ brings a connected ecosystem of voice assistants, navigation and apps into a singular experience. "We know customers want an easy and convenient in-vehicle experience that improves over time," said Santiago Chamorro, GM vice president of Global Connected Services. "We listened to customer feedback and developed a product that works seamlessly with our current infotainment systems and provides a highly personalized experience that will iterate throughout the lifetime of the vehicle." Maps+ was developed to "meet driver needs and preferences while keeping hardware capabilities of different vehicles in mind," the company said. Drivers can start Maps+ navigation with Alexa Built-In voice control and listen to music or podcasts using the system's integrated audio apps. A single-box search offers intuitive access to points of interest, shops, restaurants, parking and more. Reference Link
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NVDA | Hot Stocks11:50 EDT Nvidia announces coming general availability of Nvidia Omniverse Enterprise - Nvidia announced the coming general availability of Nvidia Omniverse Enterprise, which it calls "the world's first technology platform that enables global 3D design teams working across multiple software suites to collaborate in real time in a shared virtual space." Nvidia Omniverse Enterprise software is available on a subscription basis and includes Nvidia's enterprise support services. Nvidia's partner network of "leading computer makers - including ASUS, BOXX Technologies, Cisco, Dell Technologies, HP, Lenovo and Supermicro - are supporting Nvidia Omniverse Enterprise," the company stated.
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CLGX | Hot Stocks11:49 EDT AGEAS, CoreLogic enter multi-year technology collaboration - CoreLogic announced that AGEAS has decided to strengthen their strategic technology collaboration with CoreLogic with a new multi-year-agreement. AGEAS is using CoreLogic's claims platform to influence claims outcomes through a secure, real-time, cloud-based web application that can be accessed anywhere and from any device.
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TIRX | Hot Stocks11:18 EDT Tian Ruixiang Holdings Ltd (Class A Stock) trading resumes
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GSKY | Hot Stocks11:13 EDT Clear Blue Smiles partners with GreenSky Patient Solutions - GreenSky and Clear Blue Smiles jointly announced a strategic alliance whereby Clear Blue Smiles will partner with GreenSky Patient Solutions. By partnering with GreenSky Patient Solutions, Clear Blue Smiles will be able to offer their partner dental and orthodontic offices financing options.
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MKGAY | Hot Stocks11:06 EDT Merck KGaA reports objective response rate of 36% for berzosertib - Merck KGaA announced clinical advancements for berzosertib, an ataxia telangiectasia and Rad3-related inhibitor. Results from a Phase II proof-of-concept study conducted by the U.S. National Cancer Institute and published in Cancer Cell showed that berzosertib in combination with the chemotherapy topotecan resulted in an objective response rate of 36% among patients with relapsed small cell lung cancer, including durable responses among a majority of responding patients with platinum-resistant disease, Merck KGaA said in a statement. The NCI is also conducting a separate Phase II trial of berzosertib in combination with topotecan versus topotecan monotherapy in SCLC that has relapsed which is currently the only randomized controlled trial of the combination in this population, the company added. "We are encouraged by these promising results, and are eager to further investigate berzosertib in a potentially registrational trial in SCLC as part of our front-running leadership in the research of DNA damage response," said Danny Bar-Zohar, Global Head of Development for the Healthcare business sector of Merck KGaA. Reference Link
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TIRX | Hot Stocks11:06 EDT Tian Ruixiang Holdings Ltd (Class A Stock) trading halted, volatility trading pause
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PLBY | Hot Stocks10:40 EDT PLBY Group shares jump as Hedgeye adds as a new best idea - PLBY Group (PLBY) has been added as a new best idea at Hedgeye, which said it thinks "that the upside here is simply massive." The firm added, according to contacts that it sees PLBY as a "10-bagger over TAIL duration." In morning trading, PLBY Group shares are up $4.61, or 18%, to $30.45.
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NTP | Hot Stocks10:23 EDT Nam Tai says ISS, Glass Lewis both say change in board control not warranted - Nam Tai Property issued the following statement in response to the reports issued by Institutional Shareholder Services Inc. and Glass Lewis regarding the election of directors to Nam Tai's board of directors at the company's upcoming special meeting on April 26: "We are pleased that ISS and Glass Lewis recognize the risks associated with IsZo gaining control of the Board. ISS notes that the dissident's plan lacks sufficient detail to support its critiques of the company's performance. Additionally, the dissident's case regarding concerns over share price undervaluation is lacking. ISS specifically stated, 'The dissident has not provided sufficient evidence to support its claim that the company's stock underperformed under the control of Kaisa and that the company's capital allocation strategy was inadequate. Nor has the dissident made a thorough critique of the company's operating performance.'"
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AKTX | Hot Stocks10:18 EDT Akari announces initiation of pivotal Phase 3 trial of nomacopan in BP - Akari Therapeutics announces that an IND is now open with the U.S. Food and Drug Administration for its multicenter Phase 3 study with nomacopan for the treatment of moderate and severe Bullous Pemphigoid, or BP, allowing clinical sites to open mid-2021, subject to the ongoing impact of COVID related restrictions. Akari has been granted orphan drug designation for nomacopan for the treatment of BP by both the FDA and the European Medicines Agency, the company noted. Akari's pivotal Phase 3 trial design, which is a randomized placebo-controlled study with nomacopan in patients with moderate to severe BP with a primary endpoint of disease remission on minimal oral corticosteroids, was based on the company's successful end-of-Phase 2 meetings held last year with both the FDA and the EMA, the company said.
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IZEA | Hot Stocks10:05 EDT Izea teases CEO live stream event on April 13 - Izea tweeted from its corporate account: "We have some very exciting news to share! Tune in here at 11am EDT tomorrow for a live stream with IZEA Founder and CEO @tedmurphy." Reference Link
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MTCH | Hot Stocks10:03 EDT Hinge launches Video Prompts video chat experience - Hinge is doubling down on virtual dating with the launch of Video Prompts, a video chat experience that will help daters kick-start conversations with their matches. This launch comes as a recent Hinge survey revealed that a majority of users who have been on a video date plan to continue using virtual dates post-pandemic as a low-pressure first step to gauge compatibility before meeting in-person. Video Prompts will show conversation starters on screen that encourage daters to share their interests and personalities. Users select from one of eight unique conversation themes, and once a theme is picked, the collection includes five Prompts for users to ask each other
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VZ... | Hot Stocks10:02 EDT Verizon announces deals with Crown Castle and SBA Communications - Verizon (VZ) announced that the company has inked deals with Crown Castle (CCI) and SBA Communications (SBAC), which it identifies as "two tower companies already hosting Verizon infrastructure equipment," to speed deployment of C-band equipment in preparation for the launch of 5G Ultra Wideband and fixed wireless broadband service on this newly acquired spectrum. "Verizon secured an average of 161 MHz of C-band spectrum nationwide in the recent FCC auction, which will allow Verizon to offer increased mobility and broadband services to millions more consumers and businesses. C-band provides a valuable middle ground between capacity and coverage for 5G networks, and will enable greater speeds and coverage for both mobility, home broadband and business internet solutions. Deploying 5G Ultra Wideband on this spectrum requires new network equipment including basebands and antennas to be placed on existing towers. The deals signed with both Crown Castle and SBA Communications provide for process improvements including standardizing and reducing forms and minimizing legal reviews, allowing Verizon engineering teams to expedite deployment of C-band equipment. Both agreements establish terms for leasing space on existing towers for C-band equipment," Verizon stated.
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TWTR | Hot Stocks10:01 EDT Twitter building team in Ghana to establish Africa presence - Twitter said in a blog post "Today, in line with our growth strategy, we're excited to announce that we are now actively building a team in Ghana. To truly serve the public conversation, we must be more immersed in the rich and vibrant communities that drive the conversations taking place every day across the African continent...As a champion for democracy, Ghana is a supporter of free speech, online freedom, and the Open Internet, of which Twitter is also an advocate. Furthermore, Ghana's recent appointment to host The Secretariat of the African Continental Free Trade Area aligns with our overarching goal to establish a presence in the region that will support our efforts to improve and tailor our service across Africa." Reference Link
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FRO | Hot Stocks10:00 EDT Frontline falls -7.1% - Frontline is down -7.1%, or -52c to $6.85.
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JMP | Hot Stocks10:00 EDT JMP Group falls -8.0% - JMP Group is down -8.0%, or -54c to $6.18.
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TTM | Hot Stocks10:00 EDT Tata Motors falls -10.3% - Tata Motors is down -10.3%, or -$2.18 to $19.06.
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NTZ | Hot Stocks10:00 EDT Natuzzi rises 7.3% - Natuzzi is up 7.3%, or $1.20 to $17.60.
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BABA | Hot Stocks10:00 EDT Alibaba rises 7.9% - Alibaba is up 7.9%, or $17.62 to $240.93.
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SIG | Hot Stocks10:00 EDT Signet Jewelers rises 8.2% - Signet Jewelers is up 8.2%, or $5.01 to $66.09.
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IKNA | Hot Stocks09:48 EDT Ikena Oncology Inc trading resumes
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VEDL | Hot Stocks09:47 EDT Vedanta falls -7.9% - Vedanta is down -7.9%, or -98c to $11.41.
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BNED | Hot Stocks09:47 EDT Barnes & Noble Education falls -8.0% - Barnes & Noble Education is down -8.0%, or -56c to $6.42.
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TTM | Hot Stocks09:47 EDT Tata Motors falls -9.6% - Tata Motors is down -9.6%, or -$2.03 to $19.21.
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AZRE | Hot Stocks09:47 EDT Azure Power rises 6.0% - Azure Power is up 6.0%, or $1.66 to $29.41.
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BABA | Hot Stocks09:47 EDT Alibaba rises 6.1% - Alibaba is up 6.1%, or $13.65 to $236.96.
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CADE | Hot Stocks09:47 EDT Cadence Bancorp rises 7.1% - Cadence Bancorp is up 7.1%, or $1.52 to $23.00.
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RVP | Hot Stocks09:43 EDT Retractable Tech granted 510K approval for EasyPoint Blood Collection Plus - Retractable Tech has been granted FDA 510k approval for its EasyPoint Blood Collection Plus device, the FDA said on its website. Reference Link
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IKNA | Hot Stocks09:38 EDT Ikena Oncology Inc trading halted, volatility trading pause
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WBA | Hot Stocks09:34 EDT Walgreens now administering Covid vaccinations in 49 states - Walgreens is now administering COVID-19 vaccines at a majority of its stores in 49 states, Washington, D.C. and Puerto Rico, the company said in a statement. With the initiative to vaccinate residents and staff in long-term care facilities nearly complete, close to 60,000 immunizers are now administering vaccinations at more than 7,000 Walgreens stores and through off-site clinics. The company has administered more than 11 million COVID-19 vaccinations to date, it said.
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XPEV | Hot Stocks09:24 EDT XPeng to debut new LiDAR-equipped smart EV XPeng P5 sedan - Chinese smart EV company XPeng will premier its third production model, the XPeng P5 smart sedan, on 14 April in a press briefing in Guangzhou, China. The P5 is the world's first mass-produced smart EV equipped with automotive-grade LiDAR technology, powered by XPeng's full-stack in-house developed autonomous driving system XPILOT. The press briefing will reveal the P5's unique design language, the underlying architecture for XPeng's next-generation XPILOT 3.5 system and its functionalities, the new features supported by XPeng's proprietary intelligent in-car operating system Xmart OS, and more. The XPeng P5 will be featured at the Auto Shanghai 2021 on 19th April, with full details of its configurations, performance and pricing.
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XPEV | Hot Stocks09:24 EDT XPeng to debut new LiDAR-equipped smart EV XPeng P5 sedan - Chinese smart EV company XPeng will premier its third production model, the XPeng P5 smart sedan, on 14 April in a press briefing in Guangzhou, China. The P5 is the world's first mass-produced smart EV equipped with automotive-grade LiDAR technology, powered by XPeng's full-stack in-house developed autonomous driving system XPILOT. The press briefing will reveal the P5's unique design language, the underlying architecture for XPeng's next-generation XPILOT 3.5 system and its functionalities, the new features supported by XPeng's proprietary intelligent in-car operating system Xmart OS, and more. The XPeng P5 will be featured at the Auto Shanghai 2021 on 19th April, with full details of its configurations, performance and pricing.
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XPEV | Hot Stocks09:24 EDT XPeng to debut new LiDAR-equipped smart EV XPeng P5 sedan - Chinese smart EV company XPeng will premier its third production model, the XPeng P5 smart sedan, on 14 April in a press briefing in Guangzhou, China. The P5 is the world's first mass-produced smart EV equipped with automotive-grade LiDAR technology, powered by XPeng's full-stack in-house developed autonomous driving system XPILOT. The press briefing will reveal the P5's unique design language, the underlying architecture for XPeng's next-generation XPILOT 3.5 system and its functionalities, the new features supported by XPeng's proprietary intelligent in-car operating system Xmart OS, and more. The XPeng P5 will be featured at the Auto Shanghai 2021 on 19th April, with full details of its configurations, performance and pricing.
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XPEV | Hot Stocks09:24 EDT XPeng to debut new LiDAR-equipped smart EV XPeng P5 sedan - Chinese smart EV company XPeng will premier its third production model, the XPeng P5 smart sedan, on 14 April in a press briefing in Guangzhou, China. The P5 is the world's first mass-produced smart EV equipped with automotive-grade LiDAR technology, powered by XPeng's full-stack in-house developed autonomous driving system XPILOT. The press briefing will reveal the P5's unique design language, the underlying architecture for XPeng's next-generation XPILOT 3.5 system and its functionalities, the new features supported by XPeng's proprietary intelligent in-car operating system Xmart OS, and more. The XPeng P5 will be featured at the Auto Shanghai 2021 on 19th April, with full details of its configurations, performance and pricing.
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XPEV | Hot Stocks09:22 EDT XPeng to debut new LiDAR-equipped smart EV XPeng P5 sedan - Chinese smart EV company XPeng will premier its third production model, the XPeng P5 smart sedan, on 14 April in a press briefing in Guangzhou, China. The P5 is the world's first mass-produced smart EV equipped with automotive-grade LiDAR technology, powered by XPeng's full-stack in-house developed autonomous driving system XPILOT. The press briefing will reveal the P5's unique design language, the underlying architecture for XPeng's next-generation XPILOT 3.5 system and its functionalities, the new features supported by XPeng's proprietary intelligent in-car operating system Xmart OS, and more. The XPeng P5 will be featured at the Auto Shanghai 2021 on 19th April, with full details of its configurations, performance and pricing.
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GNUS | Hot Stocks09:18 EDT Genius Brands greenlights season three of 'Rainbow Rangers' - Genius Brands International announces the greenlight of season three of its animated preschool series, Rainbow Rangers, and a deal with NETFLIX to stream season one starting in July 2021 in the U.S., Canada, U.K., Australia, New Zealand, and the Middle East. The company also announced additional deals for the series, including Amazon Prime Video, New Zealand's TVNZ, and Israel's Noga.
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SVBL | Hot Stocks09:17 EDT Silver Bull postpones Annual Meeting of Shareholders - Silver Bull Resources announced that it is postponing its 2021 annual meeting of shareholders to April 19, 2021 to provide its shareholders with additional time to vote on the proposals submitted for shareholder approval at the Meeting. Shareholders are advised that because one of the proposals involves proposed amendments to the Company's articles of incorporation, the holders of a majority of the outstanding shares of Silver Bull common stock must approve such proposal. The record date for determining the shareholders eligible to vote at the Meeting will remain the close of business on February 18, 2021. Shareholders who have already submitted a proxy do not need to vote again for the postponed Meeting rescheduled for Monday, April 19, 2021 at 10:00 a.m. Pacific time at the Company's offices at 777 Dunsmuir Street, Suite 1610, Vancouver, British Columbia, as the proxies submitted will remain valid.Of particular importance, the Company's board of directors strongly recommends that all shareholders to vote "FOR" the proposal to increase the number of authorized shares.
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WHLM | Hot Stocks09:16 EDT Wilhelmina shares jump after Retail ECommerce Ventures reports 18.4% stake - In a regulatory filing, Retail ECommerce Ventures disclosed that it holds 950,000 shares of Wilhelmina equating to a 18.4% stake. The filing states that the shares "are held directly by REV Holdings, a wholly owned subsidiary of Modell's. REV owns 82.99% of the equity interests of Modell's. Tai Lopez owns 42.80% of the equity interests of Modell's, both directly and through his ownership interest in REV. Alex Mehr owns 42.80% of the equity interests of Modell's, both directly and through his ownership interest in REV." In pre-market trading, Wilhelmina shares are up $3.14, or 56%, to $8.70.
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ARQT | Hot Stocks09:14 EDT Arcutis Biotherapeutics initiates Phase 3 trial of topical roflumilast cream - Arcutis Biotherapeutics announced it initiated a pivotal Phase 3 clinical trial evaluating topical roflumilast cream as a potential treatment for mild-to-moderate atopic dermatitis in patients between the ages of 2 and 5 years old. Roflumilast cream is a once daily topical formulation of roflumilast, a highly potent and selective phosphodiesterase type 4 inhibitor, which the Company is developing for plaque psoriasis and AD. The "INterventional Trial EvaluatinG roflUMilast cream for the treatmENt of aTopic dermatitis in PEDiatric patients" is a Phase 3, parallel group, double blind, vehicle-controlled trial in which roflumilast cream 0.05% or vehicle is applied once daily for 4 weeks to patients between the ages of 2 and 5 years old with mild-to-moderate AD involving greater than or equal to3% body surface area. In the trial, approximately 650 subjects will be randomized 2:1 to either roflumilast cream 0.05% or matching vehicle cream. The primary endpoint of the trial is Investigator Global Assessment Success, defined as a Validated Investigator Global Assessment - Atopic Dermatitis score of 'clear' or 'almost clear' plus a 2-grade improvement from baseline at Week 4. Multiple secondary endpoints will also be evaluated, including itch as measured by the Worst Itch-Numerical Rating Scale as well as the proportion of subjects who attain at least a 75% reduction in the Eczema Area and Severity Index at Week 4. The Company anticipates topline data from INTEGUMENT-PED in the second half of 2022.
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GCO | Hot Stocks09:13 EDT Genesco confirms receipt of Director nominations from Legion Partners - Genesco confirmed that Legion Partners Asset Management has provided notice of its intent to nominate a controlling slate of seven individuals to stand for election to the Genesco Board of Directors at the 2021 Annual Meeting of Shareholders. In response to Legion's nominations, Genesco issued the following statement: "While we disagree with many of Legion's assertions and are surprised that they are seeking to replace a majority of Genesco's eight-member Board after not responding to our repeated requests for their input and ideas or sharing their proposed candidates in advance, we value all feedback from shareholders and will continue to seek to have a constructive dialogue with Legion like we would with any shareholder. We will review the letter from Legion, along with their proposed director candidates, and respond in due course. Genesco's Board and recently appointed management team are committed to acting in the best interests of all shareholders and executing on our plans to drive meaningful growth and shareholder value creation."
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RNGTF | Hot Stocks09:11 EDT Osisko Development announces drilling results from Cariboo drill program - Osisko Development is pleased to announce drilling results from the category conversion drill program campaign at its Cariboo Gold Project in central British Columbia. This news release states the assay results from holes CM-20-086 to CM-20-099 drilled in the Valley Zone in 2020. Highlights include 10.81 g/t Au over 6.8 meters including 100.50 g/t Au over 0.5 meter in hole CM-20-086 and 10.93 g/t Au over 12.0 meters in hole CM-20-089. The drilling hole CM-20-089 confirmed anomalous gold values within multiple modelled vein corridors and extended a vein corridor down dip an additional 35 meters. A total of ten rigs are currently active on the property, four of which are at the Valley Zone deposit. Valley Zone Drilling Highlights: CM-20-086: 10.81 g/t Au over 6.80 meters including 100.5 g/t Au over 0.50 meter; CM-20-089: 10.93 g/t Au over 12.0 meters including 97.8 g/t Au over 0.80 meter; CM-20-093: 4.28 g/t Au over 7.80 meters; CM-20-093: 43.40 g/t Au over 1.00 meter; CM-20-093: 23.50 g/t Au over 0.75 meter; CM-20-096: 13.35 g/t Au over 3.50 meters; CM-20-098: 6.23 g/t Au over 10.40 meters including 46.0 g/t Au over 1.00 meter; CM-20-099: 5.99 g/t Au over 4.85 meters including 23.0 g/t Au over 0.55 meter; CM-20-099: 4.19 g/t Au over 6.00 meters/ Mineralized quartz veins on Cariboo are overall sub-vertical dip and northeast strike. Vein corridors are defined as a high-density network of mineralized quartz veins within the axis of the F3 fold and hosted within the sandstones. Vein corridors are modelled at a minimum thickness of 2 meters and individual veins within each corridor range in width from millimeter to several meters. These corridors have been defined from surface to a vertical depth averaging 300 meters and remain open for expansion at depth. Gold grades are intimately associated with vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins. True widths are estimated to be 60% to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays.
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NVGS | Hot Stocks09:11 EDT Navigator Holdings, Ultragas ApS to merge fleets, businesses - Navigator Holdings announced the signing of a non-binding Letter of Intent with Naviera Ultranav Limitada to merge Ultragas ApS' fleet and business activities with Navigator. The transaction would unite two leading gas shipping companies with similar culture and mindset and is expected to enhance Navigator's safe, reliable, energy and environmentally efficient, marine transport services. The combined fleet would total 56 vessels, which would enhance Navigator's capability to provide flexibility and support to its customers. It is expected that Navigator would issue approximately 21.2M new shares of its common stock to Ultranav, and assume Ultragas' net debt of approximately $197M, as well as its net working capital. The combined entity would have an aggregate net asset value of approximately $1.3B, based primarily upon desktop appraisals by maritime brokers.
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AIHS | Hot Stocks09:11 EDT Senmiao Technology signs framework agreement with Taoyun Capital - Senmiao Technology announced the signing of a strategic framework agreement with Taoyun Capital, a Beijing-based investment and asset management firm, whereby Senmiao has the right to utilize resources, including online ride-hailing platform licenses, obtained by Taoyun Capital and its affiliates in several cities across China, including but not limited to Beijing and Shanghai. Ride-hailing platforms in China are required to obtain a license for operation in each municipality. According to the terms of the framework agreement, Senmiao and Taoyun Capital will collaborate in the development of online ride-hailing business, including but not limited to jointly developing systematic solutions for the management of vehicles, platform operation and carrying capacity, and jointly lobbying for favorable industry policies by local governments. By partnering with Taoyun Capital, Senmiao anticipates utilizing these resources to accelerate the expansion of its online ride-hailing platform into new cities.
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NVGS | Hot Stocks09:10 EDT Navigator Holdings, Ultragas ApS to merge fleets, businesses - Navigator Holdings announced the signing of a non-binding Letter of Intent with Naviera Ultranav Limitada to merge Ultragas ApS' fleet and business activities with Navigator. The transaction would unite two leading gas shipping companies with similar culture and mindset and is expected to enhance Navigator's safe, reliable, energy and environmentally efficient, marine transport services. The combined fleet would total 56 vessels, which would enhance Navigator's capability to provide flexibility and support to its customers. It is expected that Navigator would issue approximately 21.2M new shares of its common stock to Ultranav, and assume Ultragas' net debt of approximately $197M, as well as its net working capital. The combined entity would have an aggregate net asset value of approximately $1.3B, based primarily upon desktop appraisals by maritime brokers.
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HPP | Hot Stocks09:09 EDT Hudson Pacific signs lease with Company 3 at Harlow office building in Hollywood - Hudson Pacific Properties announced it has leased 70,285 square feet at Harlow, its recently completed Class A office development at Sunset Las Palmas Studios in Hollywood, to global post-production company Company 3. The 11-year lease commences in the second quarter of 2022, and significantly grows Company 3's real estate footprint in Los Angeles, "We are thrilled to significantly expand our relationship with Company 3 and welcome them to Harlow, a shining example of what we deliver for our tenants-stunning architecture; sustainable, wellness-centric and tech-forward design and operations; and a unique on-studio lot location," said Victor Coleman, Chairman and Chief Executive Officer of Hudson Pacific Properties. "Harlow is now over 50% leased and we have strong interest in the balance of the building. This underscores the resiliency of demand particularly for our assets and locations as companies plan for and commence a return to the office and productions run full-steam ahead." where they already occupy the entirety of Hudson Pacific's 3401 Exposition office property in Santa Monica.
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TPTX | Hot Stocks09:09 EDT Turning Point initiates Phase 1/2 Forge-1 study of TPX-0131 - Turning Point Therapeutics announced initiation of its Phase 1/2 FORGE-1 study of TPX-0131, a potent inhibitor of the anaplastic lymphoma kinase and multiple resistant mutations of ALK. The investigational new drug application for TPX-0131 is Turning Point's third IND to be cleared by the FDA in less than 2 years, and FORGE-1 is the company's fourth clinical study to initiate during the same period of time. The study was initiated in Australia, with U.S. site activations now planned. ALK alterations are estimated to be responsible for 3% to 5% of non-small cell lung cancer cases annually in the U.S. and EU5 countries. In preclinical studies, TPX-0131 potently inhibits wildtype ALK and is more potent in comparison to approved ALK inhibitors against many clinically observed resistance mutations, including the G1202R solvent front mutation, L1196M gatekeeper mutation, and multiple compound mutations. In addition, TPX-0131 has shown brain tissue penetration after repeat oral dosing. The Phase 1 dose finding portion of the FORGE-1 study will enroll patients with locally advanced or metastatic TKI-pretreated ALK-positive NSCLC. Patients with up to 2 prior ALK TKIs and 1 prior platinum-based chemotherapy will be enrolled. The study endpoints include safety and tolerability, determination of the maximum tolerated dose and/or the recommended Phase 2 dose, and objective response rate by RECIST 1.1.
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PULM JNJ | Hot Stocks09:08 EDT Pulmatrix to regain full rights to NSKI portfolio - Pulmatrix (PULM announced it will regain full rights to its narrow spectrum kinase inhibitor portfolio, including PUR1800, following Johnsons & Johnson's (JNJ) Enterprise Innovation's decision to terminate the company's license, development and commercialization agreement. Pulmatrix intends to continue the development of PUR1800, with ongoing clinical and toxicology studies to support programs in acute exacerbations in COPD and other chronic airway diseases. "Regaining full rights to PUR1800, and the broader portfolio of NSKIs, positions Pulmatrix to independently advance assets that have the potential to address multiple blockbuster markets," said Ted Raad, CEO of Pulmatrix. "Our prior agreement with Johnson & Johnson greatly advanced our PUR1800 program, fully funding both our ongoing Phase 1b study and ongoing long-term toxicology studies. With data from these studies expected before year end, we expect to be positioned to advance our planned Phase 2b study in AECOPD treatment, which has the potential for approximately $2.5 billion in U.S. peak net revenue potential. Importantly, our long-term toxicology studies also have the potential to broaden the reach of PUR1800 to indications beyond AECOPD that require long-term dosing. We look forward to continued progress with PUR1800 and believe our superior iSPERSE formulation has the opportunity to address steroid resistant and infection driven inflammation across a diverse range of lung conditions."
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ESEA | Hot Stocks09:08 EDT Euroseas announces charter for M/V 'Joanna' - Euroseas announced a new time charter contract for its container vessel M/V "Joanna". Specifically: M/V "Joanna", a 1,732 TEU vessel built in 1999, entered into a new time charter contract for a period between a minimum of eighteen and a maximum of twenty one months at the option of the charterer, at a gross daily rate of $16,800. The new rate will commence between April 20, 2021 and May 2, 2021 when the vessel will be redelivered from its current charterer.
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OMQS | Hot Stocks09:07 EDT Omniq contracted to deploy Q Shield to HOAs in Florida market - OMNIQ Corp. announced initial orders to provide Security and Access Control Solutions into the Florida market. Through a newly established partnership, omniQ and Q-Wire Technologies Inc will provide omniQ's Q Shield as part of Q-Wire Technologies integrated systems to HOAs with Gated & Ungated Communities, hotels, airports, municipalities and other verticals where asset protection and crowd control are critical.
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USIO | Hot Stocks09:06 EDT Usio expects over 100% y-o-y growth in Q1 electronic payments volume - Usio announced that it expects to report record processing results for the first quarter of 2021. Louis Hoch, President and CEO of Usio, said, "I am pleased to report that through our diverse payment channel strategy, all three of our segments, ACH, Card and Prepaid, are expected to report over 100% year-over-year growth in important Key Performance Metrics. This generated all-time record quarterly volume for dollars processed for the first three months of 2021. This is an excellent start to a year in which we expect to see revenue growth of 50% and a significant improvement in our profitability metrics." These results are based in part on preliminary results. Usio plans to release final transaction and processing volume results for the first quarter at a later date.
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INTC | Hot Stocks09:05 EDT Intel's Mobileye and Udelv ink deal for autonomous delivery - Mobileye, an Intel Company, and Udelv, a Silicon Valley venture-backed company, announced that Mobileye's self-driving system - branded Mobileye Drive - will "drive" the next-generation Udelv autonomous delivery vehicles called "Transporters." The companies plan to produce more than 35,000 Mobileye-driven Transporters by 2028, with commercial operations beginning in 2023. Today's news is believed to be the first large-scale deal for a self-driving system and signals that Mobileye Drive is ready for commercial deployment in solutions involving the autonomous movement of goods and people. and in volume," said Prof. Amnon Shashua, Mobileye president and CEO. "COVID-19 has accelerated demand for autonomous goods delivery, and we are delighted to partner with Udelv to address this demand in the near term." Daniel Laury, CEO and co-founder of Udelv, said: "Mobileye is the only company providing a full-stack self-driving system with commercial viability and scale today. The readiness of Mobileye Drive, along with its vast map coverage of North America, Europe and Asia, will allow us to ramp up the production and deployment of Udelv Transporters and rapidly offer the service at scale to our expanding list of customers." Last-mile delivery is the most expensive aspect of distribution, accounting for 53% of the overall cost of goods. At the same time, consumers are buying more and more goods online which is expected to raise urban last-mile delivery volume by 75 to 80% by 2030 and require 36% more delivery vehicles. And a shortage of drivers is making it difficult for companies to keep pace. It is a service model that is ripe for improvement. Udelv's customers expect Transporters to dramatically improve the efficiency of last- and middle-mile delivery services for everything from baked goods and auto parts to groceries and medical supplies.
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SSNC | Hot Stocks09:05 EDT SS&C to Acquire Mainstream Group for enterprise value of $225M - SS&C Technologies announced that it has entered into a conditional Scheme Implementation Deed with Mainstream Group Holdings. SS&C proposes to acquire 100% of the shares and outstanding equity rights in Mainstream at a price of A$2.00 per security pursuant to a scheme of arrangement. Mainstream is a provider of investment administration, middle office, fund accounting, superannuation administration, share registry and unit registry services to leading fund managers and superannuation funds, family offices and dealer groups. Terms of the proposed acquisition imply an enterprise value for Mainstream of approximately $225M. If the acquisition proceeds, it will be subject to customary conditions, including approval by the shareholders of Mainstream, the relevant Australian court and certain regulatory approvals, and will be expected to close in the third quarter.
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GCO | Hot Stocks09:05 EDT Legion Partners nominates seven independent candidates for Genesco board - Legion Partners, which collectively with the other participants in its solicitation beneficially owns approximately 5.6% of the outstanding common shares of Genesco, issued a letter to shareholders in connection with its nomination of seven highly-qualified and independent individuals for election to the company's board of directors at the 2021 annual meeting of shareholders: Marjorie Bowen, Thomas Kibarian, Margenett Moore-Roberts, Dawn Robertson, Patricia Ross, Georgina Russell and Hobart Sichel. Legion Partners said, "Legion Partners, which is a top five shareholder of Genesco, has invested in the Company multiple times over the years and knows its brands and operating businesses exceptionally well. We also possess a record of advocating for value-enhancing actions that previously benefited our fellow Genesco shareholders, including incremental Board refreshment in 2018 and the divestiture of Lids Sports Group in early 2019. Unfortunately, we believe that the Board has failed to build on the momentum we helped establish and the Company is now on a concerning, downward trajectory that could result in the permanent impairment of value. This is why we are seeking to facilitate meaningful boardroom change and a long overdue transformation at Genesco...In the upcoming weeks, our nominees intend to release more of their analysis and then share a comprehensive strategic plan for transforming Genesco into a stronger, more focused Company that can deliver near-term and long-term value. We firmly believe that if our nominees are elected and their strategic plan is fully implemented, Genesco can produce $7.50 in earnings per share by fiscal 2023 and see its stock double from current levels. In our view, this level of earnings is possible by achieving a 6% operating income margin, monetizing non-core assets and implementing a prudent capital allocation framework that contemplates organic investments and share repurchases. We further believe that bringing financial and operational stability to the Company, and in turn the important core business of Journeys, will be in the long-term best interests of customers, employees and partners across the supply chain..."
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BRY | Hot Stocks09:04 EDT Berry Petroleum sees Q1 production 27,000-27,200 boe/d - The Company expects its Adjusted EBITD for the first quarter of 2021 to be within a range of $46M to $48M, generated by improving production, lower operating costs and rising crude oil prices. The Company also benefited from higher natural gas sales in the Rockies, as a result of acute higher prices from the shortage of natural gas during the February deep freeze that affected much of the nation. The Company expects total production for the first quarter 2021 to be in the range of 27,000 boe/d to 27,200 boe/d, with 23,800 bbl/d to 24,000 bbl/d of oil production. Using the midpoint, this represents a 3% and 2% increase in oil and total production, respectively, over the fourth quarter of 2020. Capital Expenditures for the quarter were between $24M and $26M which was primarily for drilling 45 development wells in California.
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SOS | Hot Stocks09:02 EDT SOS Limited unit to acquire majority interest in three US-based power plants - SOS Limited announced that SOS Information Technology New York, a wholly owned subsidiary of the company, has entered into a non-binding letter of intent to acquire the majority of the equity interests of each of three US-based power plants for its planned crypto-mining operations in North America. Pursuant to the terms of the LOI, the Company intends to acquire more than 51% of the membership interests of Sherman Development LLC, Niagara Development LLC and Park Falls Management LLC. Sherman Development LLC's recycling power plant in Stacyville, ME has claimed a capacity of 24 MW, Niagara Development LLC's hydropower power plant in Niagara, WI has a claimed capacity of 9 MW, and Park Falls Management LLC's natural gas power plant in Park Falls, WI has a claimed capacity of 20 MW. As the transaction proceeds, the company will publicly disclose additional information through press releases or SEC filings, as appropriate.
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YMAB | Hot Stocks09:02 EDT Y-mAbs Therapeutics announces presentation of GPA33-SADA data - Y-mAbs Therapeutics announced that Dr. Sebastian Chung from Memorial Sloan Kettering Cancer Center presented a virtual poster discussing the SADA technology platform for pre-targeted radioimmunotherapy against GPA33 in a xenograft model of colorectal peritoneal carcinomatosis at the American Association for Cancer Research Annual Meeting on April 10, 2021. The SADA technology utilizes a pre-targeted payload delivery method where antibody constructs assemble in tetramers and bind to the tumor target. Unbound constructs predictably disassemble into smaller antibody fragments and are excreted through the kidneys within hours after administration. In a second infusion, a radioactive payload binds to the antibody constructs to radiate the tumor. Y-mAbs expects to submit its first IND for a SADA construct targeting GD2 in the fourth quarter of 2021. The GPA33-SADA construct was created using the SADA technology, which was licensed by the Company from MSK and Massachusetts Institute of Technology in April 2020. In a xenograft model of colorectal peritoneal carcinomatosis, GPA33-SADA showed a favorable tumor to blood ratio radioactivity uptake of 122 measured 24 hours after injection. GPA33 is expressed on 95% of all colorectal cancers. An IND for the GPA33-SADA is targeted for next year. Researchers at MSK developed GPA33-SADA, which is exclusively licensed by MSK and MIT to Y-mAbs. As a result of this licensing arrangement, both MSK and MIT have institutional financial interests related to the compound and Y-mAbs.
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NUAN | Hot Stocks09:00 EDT Nuance trading resumes
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NUAN | Hot Stocks08:56 EDT Nuance to resume trading at 09:00ET
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NUAN MSFT | Hot Stocks08:55 EDT Nuance jumps 23% to $56.00 after Microsoft confirms takeover bid
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TLND | Hot Stocks08:52 EDT Talend: 'Go-shop' period expires related to Thoma Bravo acquistion - Talend announced the expiration of the 30-day "go-shop" period as of 12:01 a.m. PT on April 10, under the terms of the memorandum of understanding between Talend and Thoma Bravo previously announced on March 10. Pursuant to the memorandum of understanding, Thoma Bravo intends to commence a tender offer to acquire all of the outstanding ordinary shares and American Depositary Shares of Talend for $66.00 in cash per ordinary share and ADS.
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CNDT | Hot Stocks08:50 EDT Conduent forms Corporate Social Responsibility and Public Policy Committee - Conduent announced that its Board of Directors has formed the Corporate Social Responsibility and Public Policy Committee as part of the company's commitment to operating in a socially responsible manner. This committee was formed to ensure that Conduent's business strategies and activities remain aligned with important matters related to sustainability, Environmental, Social and Governance, and Corporate Social Responsibility. The committee will be responsible for assisting the Board in providing oversight of Conduent's material ESG and social responsibility related strategies, initiatives, investments and policies. Its focus areas will include: Impact of climate change and other environmental matters including energy and natural resource conservation; Supply chain diversity; Employee health, safety and well-being; Diversity, equity and inclusion; Workforce human rights; Public policy engagement; Corporate charitable and philanthropic activities.
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UGI | Hot Stocks08:50 EDT UGI announces John Walsh to retire, Perreaul to succeed - UGI Corporation announced that John L. Walsh intends to retire as President and Chief Executive Officer on June 25. Mr. Walsh will continue to serve as a member of UGI's Board of Directors. Roger Perreault, will become President and Chief Executive Officer of UGI and will join the UGI Board as a Director upon Mr. Walsh's retirement. Mr. Perreault currently serves as UGI's Executive Vice President, Global LPG, and President of UGI's subsidiary, UGI International. Mr. Walsh has served as Chief Executive Officer of UGI since 2013 and as President and a Director since 2005. Mr. Walsh previously served as UGI's Chief Operating Officer from 2005 to 2013 and as the President and Chief Executive Officer of UGI Utilities, Inc., a subsidiary of UGI, from 2009 to 2011. Prior to joining UGI, Mr. Walsh held various senior management positions at the BOC Group plc (an industrial gas company) from 1986 to 2005.
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VRTX | Hot Stocks08:49 EDT Vertex Pharmaceuticals appoints Yvette Burton as chief people innovation officer - Vertex is honored to welcome Yvette Burton, Ph.D. as its first Chief People Innovation Officer, effective immediately. Dr. Burton is responsible for shaping the company's global strategic workforce planning efforts and leading organizational programs to advance inclusion and diversity. Burton comes to Vertex from Columbia University, where she was the academic director of the school's Human Capital Management Program.
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SNY | Hot Stocks08:49 EDT Sanofi to invest EUR 400M in vaccine production site in Singapore - Sanofi announced a plan for a EUR 400M investment over five years to create "a unique vaccine production center" in Singapore, "pushing the boundaries of operations through cutting edge manufacturing and digital technologies." In partnership with the Singapore Economic Development Board, the new site will mainly supply the Asian region and complement existing manufacturing capacities in Europe and North America, Sanofi said. "As a major healthcare player, it's our responsibility to act and to meet the unprecedented growing demands for vaccines. By investing in a new production site in Singapore, Sanofi is aiming to strengthen production capacity to meet ever-growing global demands on vaccines, and answer more rapidly to future pandemics," added Thomas Triomphe, Executive Vice President and Global Head of Sanofi Pasteur.
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RIOT | Hot Stocks08:48 EDT Riot Blockchain produces 187 bitcoin in March - Riot Blockchain announces an operations update that includes an unaudited Bitcoin production and an unaudited BTC holdings update, through March 2021. In March 2021, Riot produced 187 BTC, an increase of 80% over its pre-halving March 2020 production of 104 BTC. In Q1 2021, the Company produced 491 BTC, an increase of 75% over its pre-halving Q1 2020 production of 281 BTC. As of March 31, 2021, Riot holds over 1,565 BTC on its balance sheet, all of which was produced by its mining operations. The Company plans to continue to provide monthly operational updates and unaudited production results through the end of 2021. On April 7, 2021, Riot announced a large-scale contract for the purchase of 42,000 S19j Antminers for $138.5 million from Bitmain Technologies Limited. This purchase represents a significant step forward in Riot's strategic initiative to increase its Bitcoin mining hash rate, which is now estimated to reach approximately 5 exahash per second by the end of 2021, and 7.7 EH/s once fully deployed by the end of 2022. This level of growth represents a 93% increase over the Company's previously estimated committed hash rate capacity of 4.0 EH/s by October 2021. By Q4 2022, Riot expects a total hash rate capacity of 7.7 EH/s with a fleet of approximately 81,146 Antminers, 95% of which will be the latest generation S19 series model. When fully deployed, the Company's total fleet is expected to consume approximately 257.6 MW of energy with an overall hash rate efficiency of 33 joules per terahash.
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CP KSU | Hot Stocks08:47 EDT Canadian Pacific, Kansas City Southern get backers for U.S.-Mexico-Canada rail - Canadian Pacific Railway (CP) and Kansas City Southern (KSU) announced that an additional 75 customers, ports, transloads and other stakeholders have filed statements with the Surface Transportation Board bringing the total to more than 375 supporting the planned creation of the first U.S.-Mexico-Canada rail network. The latest support letters once again represent the broad spectrum of the transportation supply chain, including XPO Logistics, CF Industries, Dollarama, Millar Western and Full Circle Ag. Similar to the customers and supporters that filed statements and letters with the STB on March 31, and April 6 the new supporters stated they expect the combination of CP and KCS would, among other benefits, invigorate transportation competition, expand access to existing and growing markets and provide new service offerings that would improve transit times and reliability. Many of the supporters also requested the STB to review the transaction as swiftly as possible so the systems could be integrated, and the end-to-end benefits of this combination can be realized for the benefit of all stakeholders. CP and KCS thank the 375-plus shippers, railroads, economic development authorities, ports and other supporters that have filed letters to the STB in support of the combination. The CP-KCS combination is expected to provide an enhanced competitive alternative to existing rail service providers and is expected to result in improved service and efficiency to customers of all sizes. When combined, the CP-KCS network would remain the smallest of six U.S. Class 1 railroads by revenue. CP is seeking approval from the STB for the combination, which also remains subject to the approvals of CP and KCS shareholders and other customary closing conditions. The STB review is expected to be completed by the middle of 2022.
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CP KSU | Hot Stocks08:47 EDT Canadian Pacific, Kansas City Southern get backers for U.S.-Mexico-Canada rail - Canadian Pacific Railway (CP) and Kansas City Southern (KSU) announced that an additional 75 customers, ports, transloads and other stakeholders have filed statements with the Surface Transportation Board bringing the total to more than 375 supporting the planned creation of the first U.S.-Mexico-Canada rail network. The latest support letters once again represent the broad spectrum of the transportation supply chain, including XPO Logistics, CF Industries, Dollarama, Millar Western and Full Circle Ag. Similar to the customers and supporters that filed statements and letters with the STB on March 31, and April 6 the new supporters stated they expect the combination of CP and KCS would, among other benefits, invigorate transportation competition, expand access to existing and growing markets and provide new service offerings that would improve transit times and reliability. Many of the supporters also requested the STB to review the transaction as swiftly as possible so the systems could be integrated, and the end-to-end benefits of this combination can be realized for the benefit of all stakeholders. CP and KCS thank the 375-plus shippers, railroads, economic development authorities, ports and other supporters that have filed letters to the STB in support of the combination. The CP-KCS combination is expected to provide an enhanced competitive alternative to existing rail service providers and is expected to result in improved service and efficiency to customers of all sizes. When combined, the CP-KCS network would remain the smallest of six U.S. Class 1 railroads by revenue. CP is seeking approval from the STB for the combination, which also remains subject to the approvals of CP and KCS shareholders and other customary closing conditions. The STB review is expected to be completed by the middle of 2022.
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CP KSU | Hot Stocks08:45 EDT Canadian Pacific, Kansas City Southern get backers for U.S.-Mexico-Canada rail - Canadian Pacific Railway (CP) and Kansas City Southern (KSU) announced that an additional 75 customers, ports, transloads and other stakeholders have filed statements with the Surface Transportation Board bringing the total to more than 375 supporting the planned creation of the first U.S.-Mexico-Canada rail network. The latest support letters once again represent the broad spectrum of the transportation supply chain, including XPO Logistics, CF Industries, Dollarama, Millar Western and Full Circle Ag. Similar to the customers and supporters that filed statements and letters with the STB on March 31, and April 6 the new supporters stated they expect the combination of CP and KCS would, among other benefits, invigorate transportation competition, expand access to existing and growing markets and provide new service offerings that would improve transit times and reliability. Many of the supporters also requested the STB to review the transaction as swiftly as possible so the systems could be integrated, and the end-to-end benefits of this combination can be realized for the benefit of all stakeholders. CP and KCS thank the 375-plus shippers, railroads, economic development authorities, ports and other supporters that have filed letters to the STB in support of the combination. The CP-KCS combination is expected to provide an enhanced competitive alternative to existing rail service providers and is expected to result in improved service and efficiency to customers of all sizes. When combined, the CP-KCS network would remain the smallest of six U.S. Class 1 railroads by revenue. CP is seeking approval from the STB for the combination, which also remains subject to the approvals of CP and KCS shareholders and other customary closing conditions. The STB review is expected to be completed by the middle of 2022.
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RHHBY REGN | Hot Stocks08:45 EDT Roche confirms REGN-COV 2069 trial met primary and key secondary endpoints - Roche (RHHBY) confirmed "positive results" from the phase 3 REGN-COV 2069 trial assessing the ability of the investigational antibody cocktail casirivimab and imdevimab to reduce the risk and burden of COVID-19 infection among household contacts of SARS-CoV-2 infected individuals. The trial, which was jointly run with the National Institute of Allergy and Infectious Diseases, part of the National Institutes of Health, met its primary and key secondary endpoints. It showed that the subcutaneous administration of casirivimab and imdevimab reduced the risk of symptomatic infections by 81% in those who were not infected when they entered the trial. In addition, individuals treated with casirivimab and imdevimab who still experienced a symptomatic infection resolved their symptoms on average within one week, compared to three weeks with placebo. No new or serious safety signals were observed. Detailed results from the trial will be shared with regulatory authorities as soon as possible. Regeneron (REGN) will share new data with the United States Food and Drug Administration and Roche and Regeneron will continue to work with the European Medicines Agency and other health authorities across the globe, Roche stated. The antibody cocktail continues to be evaluated in clinical trials in multiple settings for COVID-19: in non-hospitalized and certain hospitalized patients, including the open-label RECOVERY trial of hospitalized patients in the UK. As of April 2021, more than 25,000 people have participated in clinical trials involving casirivimab and imdevimab, noted Roche.
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GGTTF | Hot Stocks08:41 EDT GTEC Holdings repays $6M loan, eliminates all debt - GTEC is pleased to announce that it has repaid its two Senior Secured Promissory Notes with NFS Leasing Canada in full. The Notes, which carried an aggregate principal balance of approximately $6M, were fully repaid on April 9, 2021. The complete elimination of the Company's debt, including the repayment of the Invictus Promissory Note, will deliver over $1M in interest savings over the next 12-months. The Company is now free of all debt liabilities, with all security interests removed and the Company's assets fully unencumbered. Accordingly, the Company now has a strong working capital position and balance sheet, with a current cash balance of approximately $19M.
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BPOP | Hot Stocks08:40 EDT Popular raises dividend to 45c per share, announces $350M stock repurchase plan - Popular announced an increase in the corporation's quarterly common stock dividend from 40c per share to 45c per share, commencing with the dividend payable in Q3, subject to the approval by the corporation's board of directors. The company also announced common stock repurchases of up to $350M during 2021.
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TDAC | Hot Stocks08:39 EDT Lottery.com signs engagement letter with Ritzio International - Lottery.com has signed an engagement letter with Ritzio International in relation to an expansion of Lottery.com's business into European markets. Ritzio is a gaming brand with gaming venues that are primarily small and medium-sized properties located in urban areas throughout Europe. The company said, "The deal demonstrates Lottery.com's recent efforts to increase its international expansion and presence, with Ritzio operating more than 150 gaming halls across its Germany, Romania, and Belarus divisions, exceeding 3,800 gaming terminals and EUR 90 million of annual revenue. Ritzio brings more than 15 years experience in this market." On February 22, 2021, the Company entered into a definitive agreement with Trident Acquisitions Corp. to become a publicly traded company on The Nasdaq Stock Market.
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ALLO SWTX | Hot Stocks08:38 EDT Allogene, Springworks announce first patient dosed in Phase 1 study of ALLO-715 - Allogene Therapeutics (ALLO) and SpringWorks Therapeutics (SWTX) announced that the first patient has been dosed in a Phase 1 trial evaluating ALLO-715, Allogene's investigational anti-B-cell maturation antigen AlloCAR T therapy, in combination with nirogacestat, SpringWorks' investigational gamma secretase inhibitor, in patients with relapsed or refractory multiple myeloma. "We are pleased to have initiated this portion of the UNIVERSAL trial and look forward to investigating ALLO-715 in combination with nirogacestat as part of our comprehensive anti-BCMA strategy aimed at bringing an off-the-shelf cell therapy to patients with relapsed or refractory multiple myeloma," said David Chang, M.D., Ph.D., President, CEO and Co-Founder of Allogene Therapeutics.
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GNPX | Hot Stocks08:37 EDT Genprex collaborators report data for REQORSA therapy in NSLC treatment - Genprex announced that its collaborators presented positive preclinical data for the combination of TUSC2 immunogene therapy in combination with chemotherapy and immunotherapies for the treatment of non-small cell lung cancer. Collaborators also presented positive preclinical data for the use of REQORSA in combination with targeted therapies for the treatment of NSCLC. These data were presented in two presentations at the 2021 American Association of Cancer Research annual meeting. The TUSC2 gene is a tumor suppressor gene and is the active agent in REQORSA. "We are pleased to have these positive data that provide further support for the therapeutic potential of REQORSA in combination with immunotherapies and targeted therapies in NSCLC presented before an audience of the world's leading cancer researchers. These data are particularly encouraging as we look to initiate our upcoming combination Acclaim-1 and Acclaim-2 clinical trials of REQORSA in NSCLC," said Rodney Varner, President and Chief Executive Officer of Genprex. "We know that many patients inevitably develop resistance to immune checkpoint blockade therapy or EGFR-TKI therapy. These data show that REQORSA
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GNPX | Hot Stocks08:37 EDT Genprex collaborators report data for REQORSA therapy in NSLC treatment - Genprex announced that its collaborators presented positive preclinical data for the combination of TUSC2 immunogene therapy in combination with chemotherapy and immunotherapies for the treatment of non-small cell lung cancer. Collaborators also presented positive preclinical data for the use of REQORSA in combination with targeted therapies for the treatment of NSCLC. These data were presented in two presentations at the 2021 American Association of Cancer Research annual meeting. The TUSC2 gene is a tumor suppressor gene and is the active agent in REQORSA. "We are pleased to have these positive data that provide further support for the therapeutic potential of REQORSA in combination with immunotherapies and targeted therapies in NSCLC presented before an audience of the world's leading cancer researchers. These data are particularly encouraging as we look to initiate our upcoming combination Acclaim-1 and Acclaim-2 clinical trials of REQORSA in NSCLC," said Rodney Varner, President and Chief Executive Officer of Genprex. "We know that many patients inevitably develop resistance to immune checkpoint blockade therapy or EGFR-TKI therapy. These data show that REQORSA
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TLND | Hot Stocks08:37 EDT Talend: 'Go-shop' period expires related to Thoma Bravo acquistion - Talend announced the expiration of the 30-day "go-shop" period as of 12:01 a.m. PT on April 10, under the terms of the memorandum of understanding between Talend and Thoma Bravo previously announced on March 10. Pursuant to the memorandum of understanding, Thoma Bravo intends to commence a tender offer to acquire all of the outstanding ordinary shares and American Depositary Shares ("ADSs") of Talend for $66.00 in cash per ordinary share and ADS (each ADS representing one ordinary share).
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GNPX | Hot Stocks08:37 EDT Genprex collaborators report data for REQORSA therapy in NSLC treatment - Genprex announced that its collaborators presented positive preclinical data for the combination of TUSC2 immunogene therapy in combination with chemotherapy and immunotherapies for the treatment of non-small cell lung cancer. Collaborators also presented positive preclinical data for the use of REQORSA in combination with targeted therapies for the treatment of NSCLC. These data were presented in two presentations at the 2021 American Association of Cancer Research annual meeting. The TUSC2 gene is a tumor suppressor gene and is the active agent in REQORSA. "We are pleased to have these positive data that provide further support for the therapeutic potential of REQORSA in combination with immunotherapies and targeted therapies in NSCLC presented before an audience of the world's leading cancer researchers. These data are particularly encouraging as we look to initiate our upcoming combination Acclaim-1 and Acclaim-2 clinical trials of REQORSA in NSCLC," said Rodney Varner, President and Chief Executive Officer of Genprex. "We know that many patients inevitably develop resistance to immune checkpoint blockade therapy or EGFR-TKI therapy. These data show that REQORSA
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GNPX | Hot Stocks08:37 EDT Genprex collaborators report data for REQORSA therapy in NSLC treatment - Genprex announced that its collaborators presented positive preclinical data for the combination of TUSC2 immunogene therapy in combination with chemotherapy and immunotherapies for the treatment of non-small cell lung cancer. Collaborators also presented positive preclinical data for the use of REQORSA in combination with targeted therapies for the treatment of NSCLC. These data were presented in two presentations at the 2021 American Association of Cancer Research annual meeting. The TUSC2 gene is a tumor suppressor gene and is the active agent in REQORSA. "We are pleased to have these positive data that provide further support for the therapeutic potential of REQORSA in combination with immunotherapies and targeted therapies in NSCLC presented before an audience of the world's leading cancer researchers. These data are particularly encouraging as we look to initiate our upcoming combination Acclaim-1 and Acclaim-2 clinical trials of REQORSA in NSCLC," said Rodney Varner, President and Chief Executive Officer of Genprex. "We know that many patients inevitably develop resistance to immune checkpoint blockade therapy or EGFR-TKI therapy. These data show that REQORSA
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RYAM | Hot Stocks08:37 EDT Rayonier Advanced Materials to sell lumber, newsprint assets to GreenFirst - Rayonier Advanced Materials, or RYAM, and GreenFirst Forest Products, a Canadian lumber company, announced that the parties have entered into a binding asset purchase agreement pursuant to which RYAM has agreed to sell all of its lumber and newsprint facilities and related assets located in Ontario and Quebec to GreenFirst for an expected purchase price of approximately $214M including inventory on hand at the time of closing which is payable approximately 85% in cash, 15% common shares of the capital of GreenFirst. In addition, a chip offset credit note will be issued to RYAM by GreenFirst in the amount of C$7.9M, which may be set off against amounts owing to GreenFirst for chip purchases, equally over the next five years. Notably, RYAM will retain all of the cash generated by the purchased assets plus all softwood lumber duties, including earned interest on the duties, paid to the U.S. Department of Commerce through the closing date. RYAM estimates the duties to be approximately $110M at the time of closing. Purchased assets include six lumber mills which are located in Chapleau, Cochrane, Hearst and Kapuskasing in Ontario and in Bearn and La Sarre in Quebec as well as one newsprint mill located in Kapuskasing, Ontario. Purchased assets produced 604M board feet in 2020 with a combined nameplate capacity of 755M board feet and are capable of producing a wide range of forest products used in residential and commercial construction, including dimensional lumber, wood chips and by-products. Purchased assets include the lumber and newsprint mills as well as certain real property, machinery, inventory, permits, licenses and other related assets. Lastly, purchased assets exclude accounts receivable and accounts payable. RYAM and GreenFirst have also agreed to a 20-year residual fiber supply agreement to meet the continued fiber sourcing needs of RYAM's high purity cellulose, high yield and paperboard operations in Temiscaming, Quebec. The closing of the agreement, which is expected to occur in the second half of 2021, but not prior to July 31, is subject to customary closing conditions, including receipt of regulatory approvals, the transfer of forestry licenses and the approval of the TSX Venture Exchange.
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TRP | Hot Stocks08:37 EDT TC Energy announces issuance of renewable energy RFI - TC Energy Corporation announced that it is seeking, through the issuance of a Request for Information, to identify potential contract and/or investment opportunities in wind energy projects that could generate up to 2,500,000 megawatt hours per year or 620 megawatts of zero-carbon energy to meet the electricity needs for a portion of its pipeline assets along its U.S. corridor. The RFI, issued by Marathon Capital on behalf of the Company, is non-binding and does not commit TC Energy to any further action if the indicative terms received pursuant to the RFI are not satisfactory. The RFI is open from April 12 to May 10, 2021 and will be issued to approximately 100 renewable development companies to identify suitable wind energy projects across the Southwest Power Pool, Midwest Independent System Operator and Electric Reliability Council of Texas power regions. RFI responses received will be reviewed and a shortlist of parties will be invited to move to a request for proposal process during which TC Energy will conduct detailed due diligence of the projects. All participants must direct their inquiries through Marathon.
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GNPX | Hot Stocks08:37 EDT Genprex collaborators report data for REQORSA therapy in NSLC treatment - Genprex announced that its collaborators presented positive preclinical data for the combination of TUSC2 immunogene therapy in combination with chemotherapy and immunotherapies for the treatment of non-small cell lung cancer. Collaborators also presented positive preclinical data for the use of REQORSA in combination with targeted therapies for the treatment of NSCLC. These data were presented in two presentations at the 2021 American Association of Cancer Research annual meeting. The TUSC2 gene is a tumor suppressor gene and is the active agent in REQORSA. "We are pleased to have these positive data that provide further support for the therapeutic potential of REQORSA in combination with immunotherapies and targeted therapies in NSCLC presented before an audience of the world's leading cancer researchers. These data are particularly encouraging as we look to initiate our upcoming combination Acclaim-1 and Acclaim-2 clinical trials of REQORSA in NSCLC," said Rodney Varner, President and Chief Executive Officer of Genprex. "We know that many patients inevitably develop resistance to immune checkpoint blockade therapy or EGFR-TKI therapy. These data show that REQORSA
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MDGS | Hot Stocks08:35 EDT Medigus says Polyrizon commences pre-clinical study of bio-gel - Medigus announced that Polyrizon commenced a pre-clinical trial to examine its bio-gel efficacy to protect against coronavirus infection. Polyrizon develops an innovative technology, designed to safely prevent allergens and virus intrusion through the upper airways and eye cavities. Polyrizon's technology is comprised of a bio-gel that is applied topically, and can be formulated both for wet and dry administration. Polyrizon plans on testing a number of different formulations of its highly differentiae biological gel for protection against coronavirus, and on screening several new formulations designed to prevent coronavirus from effecting epithelial cells. The trial results will provide guidance to Polyrizon for future regulatory process, as well as refine its existing formulations, and facilitate in the determination of which formulation is the most promising.
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MSFT NUAN | Hot Stocks08:35 EDT Microsoft to acquire Nuance for $56.00 per share in cash, or $19.7B - Microsoft (MSFT) and Nuance Communications (NUAN) announced they have entered into a definitive agreement under which Microsoft will acquire Nuance for $56.00 per share, implying a 23% premium to the closing price of Nuance on Friday, April 9, in an all-cash transaction valued at $19.7B, inclusive of Nuance's net debt. Nuance is a trusted cloud and AI software leader representing decades of accumulated healthcare and enterprise AI experience. Mark Benjamin will remain CEO of Nuance, reporting to Scott Guthrie, executive vice president of Cloud & AI at Microsoft. The transaction is intended to close this calendar year. Upon closing, Microsoft expects Nuance's financials to be reported as part of Microsoft's Intelligent Cloud segment. Microsoft expects the acquisition to be minimally dilutive (less than 1%) in fiscal year 2022 and to be accretive in fiscal year 2023 to non-GAAP earnings per share, based on the expected close timeframe. Non-GAAP excludes expected impact of purchase accounting adjustments, as well as integration and transaction-related expenses. The acquisition will not impact the completion of its existing share repurchase authorization.
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ARTL | Hot Stocks08:34 EDT Artelo Biosciences doses first patient in CAReS study with ART27.13 - Artelo Biosciences announced that the first patient has been dosed in the company's Phase 1/2 Cancer Appetite Recovery Study of ART27.13 in Edinburgh, Scotland, UK. ART27.13 is a peripherally selective G-Protein Coupled Receptor full agonist that is being developed as a much-needed therapy for cancer patients suffering from anorexia and weight loss, which affects over 60% of later-stage cancer patients, often impacts quality of life, and can hasten death. "Commencing enrollment and dosing the first patient in our CAReS study marks another important milestone in advancing ART27.13, which we are developing for patients suffering from the devastating effects of cancer associated anorexia-a multi-billion-dollar addressable market with no pharmacologic standard of care," stated Andrew Yates, Ph.D., Senior Vice President and Chief Scientific Officer of Artelo. "Notably, we anticipate that we will be able to collect initial safety data from Phase 1 of CAReS before the end of this year, which will determine the most effective and safest dose of ART27.13 to utilize in Phase 2 of the study. ART27.13 has previously demonstrated weight gain in subjects with lower back pain and we look forward to conducting the study in anorexic cancer patients who have suffered significant weight loss."
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IFNY | Hot Stocks08:33 EDT Infinity Energy completes purchase of production, acresin Central Kansas Uplift - Infinity Energy Resources announced that it has closed the purchase of 100% of the working interest in a leasehold containing current oil and gas production and mineral rights in a proven basin in the Central Kansas Uplift geological formation covering approximately 11,000 acres. The Company purchased the Properties from Core Energy, LLC, a closely held company pursuant to an option it had previously acquired. The option provided the Company the right to acquire the Properties for $900,000 which was paid at closing on April 1, 2021. The Company utilized the net proceeds of its recently completed $2.05 million Convertible Preferred Stock Offering to fund the purchase and planned development of the Properties. The purchase of the Properties included the existing production equipment, infrastructure and ownership of 11 square miles of existing 3-D seismic data on the acreage. The company acquired 100% of the working interest in the leasehold containing one horizontal producing well, one horizontal injection well, two conventional vertical producing wells and one supply well, which currently produce from the Reagan Sand zone with an approximate depth of 3,600 feet. The Properties have produced approximately 29,000 cumulative barrels of oil over the prior three-year period according to records maintained by the Kansas Geological Society. Infinity has commenced with workover/stimulation activities on the two conventional producing wells which is expected to be completed within the next 30 days. In addition, the Company is scheduling workover/stimulation activities on the horizontal producing well which is expected to be completed in the next 90 days. Infinity intends to drill at least four conventional production wells within the 12 months following the closing of the acquisition, subject to obtaining sufficient financing. The Company plans to perform tests and evaluation of other potential oil & gas producing zones that may be productive including the potential for other types of mineral deposits on the acreage. Should these additional oil & gas producing zones and/or other mineral reserves be proven in commercial quantities the Company may seek joint venture or working interest partners or seek offers from other industry operators for interests in such oil, gas and other mineral reserves contained in the acreage in exchange for cash and a carried interest in exploration and development operations or other strategic partnership to obtain financing for the exploration, development and production of such new reserves.
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FIXX | Hot Stocks08:32 EDT Homology Medicines announces promotion of Tim Kelly to COO - Homology Medicines announced that Tim Kelly has been promoted to Chief Operating Officer, effective immediately. Previously, Kelly held the role of Chief Technical Operations Officer. "From the beginning, Tim was a major driver behind the strategic decision to invest in developing our process and internal manufacturing capabilities, including realizing the value of operating under the same roof as our research and process development labs," stated Arthur Tzianabos, Ph.D., President and CEO of Homology Medicines. "Tim's more than 20 years of technical knowledge and business operations experience has been key to progressing our dual gene therapy and editing platform, and we look forward to his broader contributions to our organization as we continue to advance our mission to bring genetic medicines to patients."
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FIXX | Hot Stocks08:32 EDT Homology Medicines announces promotion of Tim Kelly to COO - Homology Medicines announced that Tim Kelly has been promoted to Chief Operating Officer, effective immediately. Previously, Kelly held the role of Chief Technical Operations Officer. "From the beginning, Tim was a major driver behind the strategic decision to invest in developing our process and internal manufacturing capabilities, including realizing the value of operating under the same roof as our research and process development labs," stated Arthur Tzianabos, Ph.D., President and CEO of Homology Medicines. "Tim's more than 20 years of technical knowledge and business operations experience has been key to progressing our dual gene therapy and editing platform, and we look forward to his broader contributions to our organization as we continue to advance our mission to bring genetic medicines to patients."
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MSFT NUAN | Hot Stocks08:33 EDT Microsoft to acquire Nuance for $56.00 per share in cash
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KNOS | Hot Stocks08:25 EDT Kronos Advanced Technologies acquires 600M Dogecoin Cash - KRONOS ADVANCED TECHNOLOGIES announced that last month it completed an exchange with the Dogecoin Cash Foundation of its entire holdings in First Bitcoin for 600,000,000 Dogecoin Cash. This enables KNOS to participate in its recently formed DogeSPAC at a greater rate than the 20% already earned as the SPAC's sponsor.
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EOSE AZRE | Hot Stocks08:23 EDT Eos Energy Enterprises announces customer orders to increase backlog to $30M - Eos Energy Enterprises (EOSE) announced booked orders from key customers, including Hecate Energy, Azure Power and ZGlobal Inc., to meet increased demand for energy storage in critical markets such as Texas, California and India. The Hecate project in Texas is the first booked order as part of the broad-ranging agreement to provide over 1 GWh of energy storage projects to Hecate Energy, which Eos announced in November 2020. Hecate is a leading global developer, owner and operator of solar, natural gas, wind, and energy-storage projects, with 2.1 GW contracted and a pipeline of 12+ GW. Given recent grid challenges in Texas resulting from winter storms, energy storage is more important than ever to ensure a reliable, resilient grid. Eos clean energy solutions provide value to grid operations by integrating renewable electricity and providing this much needed grid support. This project, and the broader arrangement with Hecate, are aimed to address this specific need in many utilities across Texas. The Azure project is part of a large solar development in India where Eos energy storage solutions will be installed to provide solar shifting. Azure Power (AZRE) is a leading independent solar power producer with a pan-India portfolio of 6.9 GWh as of February 28, 2021. India's renewable market has seen dramatic growth over the past few years, and storage is starting its upswing, particularly as independent power producers, such as Azure Power, commit to using only renewable-generated electricity in the nation's Round-the-Clock Auctions. Eos's success in India is driven by its earlier deployment of energy storage systems with a leading IPP to support solar shifting in this critical market, which demonstrated the safety and resilience of Eos's technology in harsh environments, including temperatures as high as 45 degrees C. The ZGlobal project in California is paired with a solar project and represents a new long-term relationship for the Company.
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URBN | Hot Stocks08:22 EDT Urban Outfitters provides Q1 sales update - Urban Outfitters reported that total Retail segment comparable net sales thus far during Q1 have increased by high single-digits versus 1Q20. In North America, better sales were driven by double-digit 'comp' results at both the Free People and Urban Outfitters brands while Anthropologie sales have improved substantially but remain slightly negative. Due to COVID-19 induced restrictions, most of our European stores have remained closed in Q1, however, UK stores are scheduled to re-open today. Triple-digital on-line sales increases have largely offset the loss of store sales.
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URBN TLYS | Hot Stocks08:20 EDT Urban Outfitters announces personnel change at the Anthropologie Group - Urban Outfitters (URBN) earlier this morning announced a personnel change at the Anthropologie Group. Hillary Super has stepped down as Global Chief Executive Officer. Her last day was Friday, April 9th. Beginning today, Tricia Smith, has joined the Anthropologie team as the new Global CEO. Most recently, Smith was Executive Vice President, Chief Merchandising Officer, of Tilly's (TLYS).
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MASI | Hot Stocks08:19 EDT Masimo announces FDA clearance of Radius PCG for connectivity - Masimo announced that Radius PCG, a portable real-time capnograph with wireless Bluetooth connectivity, has received FDA 510(k) clearance. Radius PCG connects with the Root( Patient Monitoring and Connectivity Platform to provide seamless, tetherless mainstream capnography for patients of all ages. Radius PCG joins the growing family of tetherless Masimo technologies that includes Radius PPG which offers Masimo SETMeasure-through Motion and Low Perfusion pulse oximetry, and Radius Tdegrees which provides continuous temperature measurements. Radius PCG requires no routine calibration, with accurate end-tidal carbon dioxide (EtCO2) and respiration rate measurements and continuous EtCO2 waveforms displayed within 15 seconds-all in a small, portable package that can fit in the palm of a"Radius PCG has been a game changer for our clinical team," commented Joseph DiMartino, MSN RN, NE-BC, CCRN-K, Associate Vice President of Nursing at Temple University Hospital in Philadelphia. "It provides us with a portable and rapid measure of capnography for confirming airway placement in accordance with AHA guidelines." hand.
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FRMUF | Hot Stocks08:19 EDT Firm Capital Property Trust acquires two multi-residental properties for $43.2M - Firm Capital Property Trust is pleased to announce two independent acquisitions comprised of 132 units in three multi-residential buildings located in Lower Sackville, Nova Scotia and 128 units in two multi-residential buildings located in Edmonton, Alberta. The acquisition price for both Properties is approximately $43.2M.
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GENE OPT | Hot Stocks08:17 EDT Genetic Technologies appoints Mike Tonroe as CFO - Genetic Technologies Limited (GENE) announces the appointment of Michael Tonroe to the role of CFO, commencing on 28 June 2021. Prior to his most recent role as CFO and Company Secretary at dual-listed Opthea (OPT), Michael was CFO and Company Secretary at the Australian Synchrotron in Melbourne.
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CBIO | Hot Stocks08:15 EDT Catalyst Biosciences expands protease medicines patent portfolio - Catalyst Biosciences announced that the United States Patent and Trademark Office has issued U.S. Patent Number 10,954,501 B2 entitled "Nucleic Acid Encoding Modified Membrane Type Serine Protease 1 Polypeptides and Methods of Use." This patent expands the company's portfolio of intellectual property covering its complement programs and protease medicines. The patent protects nucleic acids encoding modified proteases that selectively cleave and degrade complement factor 3, including the lead candidate CB 2782-PEG, Catalyst's potential best-in-class treatment for dry AMD, currently licensed to Biogen. Further coverage of a broad range of additional uses in diseases mediated by complement activation provides protection until at least 2038.
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TWST | Hot Stocks08:15 EDT Twist Bioscience exercises option to purchase GPCR library - Twist Bioscience announced that it will exercise its option to purchase all rights to a G-coupled protein receptor ,GPCR, library and its proprietary Twist Antibody Optimization software, both developed in collaboration with Distributed Bio. "We began working with Distributed Bio in 2016, before the existence of our Twist Biopharma division, and have been using the GPCR library and antibody optimization software together with our silicon-based DNA synthesis platform successfully for the last two years," said Emily M. Leproust, Ph.D., CEO and co-founder of Twist. "Both proprietary tools integrate incredibly well with our ability to write synthetic DNA oligo pools at scale, creating precision antibody libraries, and optimizing antibody therapeutics. Neither of these tools would be possible without the use of Twist's silicon DNA writing oligo pool technology." The GPCR library and the antibody optimization software were originally developed as part of a license and collaboration agreement between Twist Bioscience and Distributed Bio signed in 2016. In 2021, Twist exercised its option to purchase all rights to the Antibody Optimization Software and the GPCR-Targeting Antibody Library. Financial terms of the agreement were not disclosed. Building on the GPCR library, Twist Biopharma generated a wide range of precision antibody discovery libraries now encompassed in its "Library of Libraries." The "Library of Libraries" contains an incredibly robust set of antibody libraries that use different antibody fragment scaffolds as well as different sources of fully human antibody sequences. Each library within the larger "Library of Libraries" contains more than 10 billion antibodies, providing robust and differentiated antibodies for antibody discovery. Once binding antibodies are identified from the Library of Libraries or other sources, Twist Biopharma utilizes the TAO software and its custom library capacity to further optimize leads for improved pharmacokinetic, pharmacodynamic, binding and other properties. Unlike other optimization platforms, TAO does not require that the initial input leads are derived from the Twist Biopharma libraries.
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MKTX | Hot Stocks08:14 EDT MarketAxess completes acquisition of MuniBrokers - MarketAxess Holdings completed its previously announced acquisition of MuniBrokers on April 9. Chris Concannon, President and COO of MarketAxess, commented, "We're excited to add the MuniBrokers community to our growing municipal bond trading marketplace. Our vision is to use innovative technology to create broader trading connections and therefore add more liquidity to the market, which MuniBrokers helps deliver for the broker and dealer community."
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GNBT | Hot Stocks08:14 EDT NuGenerex submits protocol, data, manufacturing information to FDA - NuGenerex Immuno-Oncology announced the company has submitted a response package to the FDA's comments in their Pre-IND Written Response. The package provides the data and information requested by FDA, including: The Ii-Key epitope sequences selected based on results of the ex-vivo blood screening program; The results of the transgenic mouse immunogenicity study demonstrating vaccine specific antibody production; GMP manufacturing information for the five Ii-Key-SARS-CoV-2 epitopes in the vaccine; A revised protocol that incorporates FDA's comments and requests. As previously reported, the results of the ex-vivo blood screening program enabled the selection of five Ii-Key-SARS-CoV-2 epitopes from the spike and membrane proteins based upon their T cell activation profiles and antibody binding from convalescent COVID-19 patient blood samples. These five Ii-Key epitopes were tested in a mouse model that is engineered with a part of the human immune system. The results of the study showed that animals vaccinated with Ii-Key-SARS-COV-2 epitopes in combination with adjuvant produced vaccine-specific antibodies. The five selected Ii-Key epitopes have been manufactured as GMP clinical-grade vaccine product with high purity and are ready to be formulated and filled for clinical trials, with the fill date scheduled in May. An exciting result from the manufacturing and formulation work is the development of a lyophilization process that produces a stable, powdered Ii-Key-SARS-CoV-2 vaccine that can potentially be shipped and stored at room temperature, providing a substantial commercial advantage. The protocol has been revised as per FDA request; this submission is to ensure that the revised study design meets the standards of the agency for COVID-19 vaccines, and to confirm that the clinical endpoint analyses of immune system activation, including antibody and T cell responses are acceptable for regulatory approval.
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IBM | Hot Stocks08:13 EDT IBM's Independent Managed Infrastructure Services business to be named Kyndryl - IBM announced that Kyndryl will be the name of the new, independent company that will be created following the separation of its Managed Infrastructure Services business, which is expected to occur by the end of 2021. Kyndryl also announced that it will be headquartered in New York City.
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STL | Hot Stocks08:13 EDT Sterling Bancorp signs banking as a service agreement with BrightFi - Sterling National Bank announced it has entered into a Banking as a Service agreement with BrightFi, a provider of cloud-based digital banking platform technology and services to regional and community banks and non-bank entities. Sterling will provide banking solutions in support of BrightFi's cloud-based direct to consumer and digital banking technology and operations platform. "We are excited to partner with BrightFi in building and delivering an innovative set of services that bring digital banking solutions to those that need it most," said Matthew Smith, Executive Managing Director; Direct Banking and Banking as a Service. "Our Banking as a Service partnerships allow us to deliver best in class, digitally-enabled banking solutions to a broader group of clients. We see our collaboration with BrightFi as an opportunity to create and deliver seamless banking experiences to current and future clients."
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BALY SBGI | Hot Stocks08:12 EDT Bally's announces agreement with Sinclair Broadcast - Bally's (BALY) announced entry into a memorandum of understanding with Sinclair Broadcast Group (SBGI). Under the MOU, Bally's and Sinclair will work collectively to facilitate the production and broadcast of Bally's-produced content during the current non-game windows on Sinclair's 19 regional sports networks recently rebranded "Bally Sports". Bally's and Sinclair will also explore opportunities to include Bally's programming in Sinclair-owned media platforms and affiliates other than the Bally Sports RSNs, which may include Sinclair's Tennis Channel and Stadium assets. Bally's development of a wide range of live sporting content and other interactive programming will support the eventual launch of the Bally Bet app. It will also reduce the Company's reliance on advertising spend, though will have no impact on any contractual obligation that Bally's owes to Sinclair or Bally Sports.
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CNHI | Hot Stocks08:12 EDT CNH Industrial's IVECO signs MOU with Plus to develop autonomous trucks - IVECO announced that it has signed a Memorandum of Understanding with Plus, a leading global autonomous trucking company, to jointly develop autonomous trucks. Under the terms of the non-binding MOU, IVECO and Plus will integrate IVECO's latest-generation S-WAY heavy-duty truck with the PlusDrive full-stack autonomous driving system. The cooperation will also explore using IVECO's liquefied natural gas engine system to power the jointly developed autonomous trucks. Bio-methane powered trucks are currently the only readily and at scale available alternative to diesel for a carbon neutral transport, and IVECO has pioneered the use of this technology for more than 20 years in Europe, becoming the market leader. IVECO is already working on ADAS together with selected companies and the cooperation with Plus will further accelerate the development of the highest levels of automation of heavy trucks. Plus is the ideal partner for this process thanks to its technology, its drive to innovate and the fact that it already has established relationships with the same key component suppliers as IVECO. Teams of both companies will work closely to develop and deploy autonomous trucks, including one that is powered by natural gas, with the ultimate goal to create a more sustainable future.
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RUBY | Hot Stocks08:10 EDT Rubius Therapeutics announces first patient dosed in phase 1 trial of RTX-321 - Rubius Therapeutics announced that the first patient has been dosed in the Phase 1 clinical trial of RTX-321 for the treatment of human papilloma virus 16-postive cancers. RTX-321 is an allogeneic, off-the-shelf Red Cell Therapeutic product candidate that is engineered as an artificial antigen-presenting cell with a dual mechanism of action: boosting HPV 16-specific CD8+ T cell responses and promoting broad stimulation of both innate and adaptive immune responses. The Phase 1 clinical trial of RTX-321 is enrolling patients with persistent, recurrent, or metastatic, unresectable, HPV 16-positive cancers, including cervical cancer, head and neck squamous cell carcinoma and anal cancer.
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TMO | Hot Stocks08:10 EDT Thermo Fisher: FDA grants EUA for high-throughput COVID-19 Test - Thermo Fisher Scientific announced that the U.S. FDA has granted Emergency Use Authorization for the Thermo Fisher Scientific Amplitude Solution with the TaqPath COVID-19 High-Throughput Combo Kit. The Amplitude Solution enables clinical and public health laboratories to scale gold standard PCR testing and process up to 8,000 samples in a single day with minimal staffing resources and a secured supply of kits, reagents and consumables to meet their testing needs. The Amplitude Solution has been implemented globally including labs in Europe and Japan.
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TTCF | Hot Stocks08:10 EDT Tattooed Chef launches new plant-based pizzas - Tattooed Chef announced it has expanded its pizza offering with the launch of five new plant-based pizzas. The 12 oz pizzas are certified plant-based, gluten-free and vegan, and feature Tattooed Chef's proprietary meat alternatives. With the addition of these new pizzas, Tattooed Chef now offers ten different pizzas for consumers and retailers to choose from. The Plant Based Vegetable Pizza, Plant Based White Pizza, and Plant Based Pepperoni Pizza are now available in the frozen section at all Meijer locations. The full plant-based pizza portfolio will be launching in additional retailers in the coming months. The pizzas require a one-step preparation and are ready to eat within 10-12 minutes. Each product starts at $7.99 per pizza.
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MORF | Hot Stocks08:09 EDT Morphic presents preclinical data from avb8 integrin program at AACR meeting - Morphic Therapeutic announced the presentation of the first preclinical data from its avb8 integrin program at the 2021 American Association for Cancer Research Annual Virtual Meeting. These preclinical data show that an orally administered avb8 integrin inhibitor is a potent modulator of anti-tumor immune response in checkpoint-inhibitor resistant tumors and support development of this new therapeutic approach. avb8 is known to mediate the activation of tumor growth factor beta. Morphic is developing oral small molecule inhibitors of the avb8 integrin which is expressed on cell types central to immune response and is a major contributor to tolerance and suppression of anti-tumor immunity. The research demonstrates that Morphic's small molecule inhibitor in combination with anti-PD-1 drives efficacy across mouse models of treatment-resistant breast cancer including the EMT6 and PyMT syngeneic breast cancer models. Furthermore, the anti-tumor activity was seen to be mediated through adaptive immunity and be dependent on CD8 T cells. The examination of immune cell gene signatures on immune cell populations within tumor and lymphoid organs provided evidence for a lasting state of reduced tumor tolerance in these models.
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MIRM | Hot Stocks08:08 EDT Mirum Pharmaceuticals and Vivet in pact for Vivet's gene therapy - Mirum Pharmaceuticals and Vivet Therapeutics announced an agreement whereby Mirum has the exclusive option to develop and subsequently commercialize Vivet's two proprietary AAV gene therapy programs for progressive familial intrahepatic cholestasis. , subtypes 3 and 2. The two programs, VTX-803 and VTX-802, are currently being evaluated in preclinical studies by Vivet, a privately-held gene therapy biotechnology company. Under the terms of the agreement, Vivet will continue to advance the preclinical studies for VTX-803 and VTX-802 for PFIC3 and PFIC2, respectively. Mirum has the exclusive option to license the programs after which Mirum would lead the clinical development and any future commercialization of the programs. Until that time, Mirum will provide funding to support the continued research and development costs associated with the two gene therapy programs. "This gene therapy collaboration will work to address the root cause of PFIC3 and PFIC2 and provide an option for patients who do not respond to ASBT inhibition," said Chris Peetz, president and chief executive officer at Mirum. "We are encouraged by the expertise and dedication of the Vivet team to develop next-generation gene therapies that have the potential to transform the lives of patients and their families. There are clear synergies in our combined missions to help the people who need it the most." "Mirum's dedication to the treatment of cholestatic liver diseases and those rare diseases for which there are limited medications make them a great partner to potentially develop and bring to market VTX-803 and VTX-802," said Jean-Philippe Combal, chief executive officer and co-founder of Vivet. "Their leadership in rare liver disease and in particular PFIC, is important as they not only understand the urgent need
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FLIR | Hot Stocks08:08 EDT FLIR Systems awarded up to $20.5M DARPA contract - FLIR Systems announced it has won a contract with the Defense Advanced Research Projects Agency, or DARPA, to rapidly develop novel fabrics with embedded catalysts and chemistries that can fight and reduce chemical and biological threats upon contact. The fabrics will be incorporated into protective suits and other equipment such as boots, gloves, and eye protection that can be worn by troops on the battlefield, medical experts, healthcare workers, and more. FLIR received $11.2M in initial funding for the potential five-year effort worth up to $20.5M, including options.
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LKFN | Hot Stocks08:08 EDT Lakeland Financial launches Lack City Bank Digital - Lake City Bank announced that the bank launched its next-generation digital banking platform combining digital functionality for commercial and retail clients in one device-agnostic solution on March 29, 2021. Lake City Bank Digital combines what was formerly four separate online and mobile solutions into one platform for both business and consumer accounts.
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VCVC | Hot Stocks08:07 EDT REE Automotive signs collaboration agreement with Magna - REE Automotive, an electric mobility innovator which recently announced its merger with 10X Capital Venture Acquisition Corp., announced a strategic collaboration agreement with Magna International, a mobility technology company, with the goal of bringing to market innovative, full-fledged Modular Electric Vehicles for tech companies and new electric mobility players under the 'Powered by REE' brand. The strategic collaboration will explore the combination of REE's groundbreaking REEcorner technology with Magna's vehicle systems integration expertise and world-class manufacturing capabilities, to develop MEVs that enable commercial customers to customize vehicles based on their specifications and branding, while accelerating time to market.
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BKYI | Hot Stocks08:06 EDT BIO-key announces new fingerprint scanner hardware additions - BIO-key International announced the immediate availability of several new additions to its lineup of fingerprint scanners to meet the growing demand from enterprises and government for new form factors and USB connection options. First, BIO-key introduced Pocket10, its FBI FAP50, NIMC- and STQC-certified fingerprint scanner, which captures ten print enrollments in a compact, pocket-sized form factor, allowing highly mobile enrollment capability suitable for national IDs, background check submissions, and law enforcement use. Second, BIO-key unveiled USB-C versions of its popular SidePass and SideSwipe(R) fingerprint scanners. With this next generation of affordable hardware options for its customers, BIO-key continues its leadership in developing hardware to support the most secure and convenient authentication method - biometrics.
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JNCE SNY | Hot Stocks08:06 EDT Jounce Therapeutics appoints Dmitri Wiederschain as Chief Scientific Officer - Jounce Therapeutics (JNCE) announced the appointment of Dmitri Wiederschain, Ph.D., as Chief Scientific Officer. Wiederschain brings more than 15 years of pharmaceutical industry experience as a scientific leader and drug developer. Wiederschain joins Jounce from Sanofi (SNY), where he was vice president and global head of immuno-oncology research. In connection with Wiederschain's appointment, the compensation committee of Jounce's board of directors has approved the grant of a non-qualified stock option award to purchase an aggregate of 225,000 shares of Jounce's common stock to him. The grant date of the stock option will be May 1, and the stock option will have an exercise price equal to the closing price of Jounce's common stock on May 1. The stock option was granted outside of Jounce's 2017 Stock Option and Incentive Plan as an inducement material to Wiederschain's acceptance of employment with Jounce. The stock option has a 10-year term and vests over four years, with 25% of the award vesting on the first anniversary of his employment, and as to an additional 1/12th of the shares quarterly thereafter, subject to Dr. Wiederschain's continued employment through applicable vesting dates.
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OR | Hot Stocks08:06 EDT Osisko Gold to acquire additional royalties in Nevada, Idaho for $26M - Through a subsidiary, Osisko has entered into binding purchase agreements to acquire six royalties and one precious metal offtake, from two private sellers, for total cash consideration of $26M. The purchase agreements are subject to certain conditions precedent which are expected to be fulfilled in the coming weeks. The acquisitions will be funded through cash on hand. Four of the royalties are on claims overlying the multi-million ounce Spring Valley project, and increase our current net smelter return royalty on Spring Valley from 0.5% to between 2.5% - 3.0%. Immediately to the north of Spring Valley, lies the Moonlight exploration property, where Osisko has agreed to acquire a 1.0% NSR royalty. Osisko has also agreed to acquire a 0.5% NSR royalty and 30% gold and silver offtake right covering the Almaden Project in western Idaho Spring Valley is a pre-feasibility stage, heap-leach, open-pit gold project located in Pershing County, Nevada, USA. The asset is 100%-owned by Waterton Global Resource Management, a mining-focused private equity firm. The project hosts a historic NI 43-101 resource of 49Mt grading 0.94g/t gold for 1.49Moz of gold in the measured resource category, 80Mt grading 0.79g/t gold for 2.03Moz of gold in the indicated resource category and 21Mt grading 0.73g/t gold for 0.49Moz of gold in the inferred resource category. These resources were reported within a US$1,500/oz gold resource shell by Midway Gold in its 2014 technical report available on SEDAR. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources. Historical estimates are not to be treated as current mineral resources. Osisko has agreed to acquire four separate royalties on Spring Valley: A sliding scale 2.5% NSR royalty on claims overlying the core of the current Spring Valley deposit. Along with its existing 0.5% NSR, Osisko now holds, in aggregate, a 3.0% NSR over these core claims; Two separate 1.0% NSR royalties on key Spring Valley claims overlying the prospective high-grade northeastern portion of the deposit; A 0.5% NSR royalty over the broader Spring Valley property which is additive to the two royalties covering the northeastern portion of Spring Valley described in the bullet above. Osisko has agreed to acquire a 1.0% NSR royalty on the Moonlight Project, which lies immediately to the north of Spring Valley. The Moonlight Project, which is also operated by Waterton, is a large, prospective, exploration-stage property along the same structural trend as Spring Valley, Rochester and Relief Canyon mines. No mineral resources have been identified on the property, however, there are a few historical mine workings and several gold and silver showings have been identified. Osisko has also agreed to acquire a 0.5% NSR royalty and a 30% precious metal offtake covering the Almaden Project in western Idaho, USA, which is 100% owned by Gold Mining Inc. The project is a low-sulphidation epithermal gold deposit which hosts a resource of 43.5Mt grading 0.65g/t gold for 0.91Moz of gold in the indicated resource category and 9.2Mt grading 0.56g/t gold for 0.16Moz of gold in the inferred resource category.
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VBIV | Hot Stocks08:05 EDT VBI Vaccines announces data, next steps from VBI-2601 high-dose cohort - VBI Vaccines announced data and next steps from the high-dose cohort of its Phase 1b/2a clinical study of VBI-2601, the company's hepatitis B immunotherapeutic candidate, in chronically-infected hepatitis B patients. VBI-2601 is being developed in collaboration with Brii Biosciences as part of a potential functional cure for chronic hepatitis B virus, or HBV, infection. The Phase 1b/2a is a randomized, controlled study designed to assess the safety, tolerability, antiviral and immunologic activity of VBI-2601 in 46 non-cirrhotic patients with chronic HBV infection on nucleos(t)ide analogue, or NUC, therapy. The study is a two-part study to evaluate four doses of VBI-2601, at either a low or high dose, with and without co-administration of interferon-alpha. VBI-2601 was well-tolerated at all dose levels with and without IFN-alpha, with no significant adverse events identified. Restimulation of T cell immune responses to HBV surface antigens, including S, Pre-S1, and Pre-S2, in greater than or equal to 50%of evaluable patients from all VBI-2601 cohorts compared to no detectable response in the control, NUC-only arm. The T cell responses and antibody responses were comparable across the 20microgram and 40microgram unadjuvanted study arms. T cell response rates between the adjuvanted and unadjuvanted cohorts were also comparable. VBI and Brii are targeting the presentation of the complete Phase 1b/2a dataset at a scientific conference later in 2021. Based on the acceptable safety profile and vaccine-induced adaptive immune responses observed to-date, the high dose of VBI-2601, both with and without IFN-alpha, was selected to progress into a Phase 2 combination study of VBI-2601 and BRII-835, a novel small interfering ribonucleic acid therapeutic candidate designed to inhibit expression of HBV proteins. Patient screening for the study initiated in March in New Zealand, and Brii Bio expects to initiate the study in China, Hong Kong, Australia, Taiwan, Singapore, Thailand, and South Korea in Q2 and Q3.
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GMTX | Hot Stocks08:05 EDT Gemini Therapeutics appoints Samuel Barone, M.D., as Chief Medical Officer - Gemini Therapeutics announced the appointment of Samuel Barone, M.D., as Gemini's Chief Medical Officer, effective immediately. "We are thrilled to welcome Sam to Gemini as Chief Medical Officer, where he will bring his expertise as a board-certified ophthalmologist specializing in the treatment of retinal and macular diseases," said Jason Meyenburg, Chief Executive Officer of Gemini Therapeutics. "As we continue to advance our clinical pipeline, we will benefit tremendously from his two-plus decades of clinical and development experience, as well as his deep understanding of the regulatory landscape, and skills as a vitreoretinal surgeon." Dr. Barone joins Gemini Therapeutics after most recently serving as co-Founder, Manager and Chief Medical Officer of Halodine, LLC, a company spun out of Veloce BioPharma. Prior, he held the role of Chief Medical Officer of Veloce BioPharma. Dr. Barone previously served as Senior Vice President at Adverum Biotechnologies .While at Avalanche Biotechnologies, Dr. Barone served as Chief Medical Officer. Before joining Avalanche Biotechnologies, Dr. Barone served as a Medical Officer in the Office of Cellular, Tissue and Gene Therapies at the U.S. Food and Drug Administration.
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LPTX | Hot Stocks08:05 EDT Leap Therapeutics, Flagship Biosciences announce partnership - Flagship Biosciences and Leap Therapeutics announced a partnership to use a clinically validated tumor expression assay utilizing RNAscope and tissue image analysis. In a poster shared this week at the American Association for Cancer Research Annual Meeting 2021, the companies presented data on the validation of a Dickkopf-1 RNAscope chromogenic in situ hybridization assay and digital image analysis solution. To select patients for their clinical study, Leap Therapeutics sends samples from the United States and the Republic of Korea to Flagship's centralized laboratory. Flagship conducts the RNAscope assay, image analysis, data analysis, and in-house pathologist review, providing the information needed to make clinical trial enrollment decisions.
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NUAN | Hot Stocks08:04 EDT Nuance trading halted, news pending
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GTBP | Hot Stocks08:03 EDT GT Biopharma reports interim results from GTB-3550 TriKE Phase I/II trial - GT Biopharma announced additional interim results from its GTB-3550 TriKE first-in-human Phase I/II clinical trial for the treatment of high-risk myelodysplastic syndromes and refractory/relapsed acute myeloid leukemia. Additional results show GTB-3550 TriKE monotherapy is able to rescue the patient's otherwise exhausted/inhibited/non-functional endogenous NK cell population and target direct killing of the patient's AML and MDS cancer cells without the need for the co-administration addition of supplemental progenitor-derived or autologous/allogenic engineered NK cells. GTB-3550 TriKE monotherapy has demonstrated clinical benefit in very hard to treat relapsed/refractory AML and high-risk MDS cancer patients by significantly reducing cancer cell levels and, in some cases, ending transfusion dependency with patients becoming eligible for bone marrow transplant.
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AGFS... | Hot Stocks08:03 EDT AgroFresh Solutions appoints Clinton Lewis Jr. as CEO - AgroFresh Solutions (AGFS) announced that Clinton Lewis Jr. has been appointed as Chief Executive Officer and to the company's board of directors, effective immediately. Lewis succeeds Jordi Ferre as CEO, who is expected to work with Lewis and the rest of the team in the coming weeks to ensure a smooth transition. Lewis brings 30-plus years of experience in the life sciences space, serving in a number of national and international leadership roles at Pfizer (PFE) and Zoetis (ZTS).
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UIS MSFT | Hot Stocks07:56 EDT Unisys names Dwayne Allen as Chief Technology Officer - Unisys (UIS) announced that Dwayne Allen has joined the company as chief technology officer and senior vice president, Solution Innovation and Architecture, reporting to Chair and CEO Peter Altabef. His appointment is effective April 12. Allen joins Unisys from Microsoft (MSFT), where he was a global digital strategist.
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BABA | Hot Stocks07:54 EDT Alibaba affiliate Ant Group announces overhaul - Alibaba affiliate Ant Group announced an overhaul of its business in response to demands from China's government. Ant said it would apply to set up as a financial holding company, which would subject it to new supervision and capital requirements in ways that could crimp its profitability, and that it would change the way it collects and uses personal information to improve data security and prevent abuse. And it said it would improve corporate governance to better adhere to rules about fair competition. "Under the guidance of financial regulators, Ant Group will spare no effort in implementing the rectification plan," the company said in a statement. "Using the rectification as an opportunity, Ant Group will reinforce our commitment to serve consumers, small businesses and the real economy." Reference Link
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JAZZ | Hot Stocks07:48 EDT Jazz Pharmaceuticals: FDA grants Priority Review of sNDA for Xywav - Jazz Pharmaceuticals announced that the U.S. FDA has granted Priority Review designation and confirmed the acceptance for substantive review of the supplemental New Drug Application seeking approval for Xywav oral solution in adult patients with idiopathic hypersomnia. The sNDA will be filed by the FDA on April 13 and a PDUFA goal date for an FDA decision has been set for August 12.
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BYND | Hot Stocks07:48 EDT Beyond Meat announces product distribution expansion with European retailers - Beyond Meat announced significant product distribution expansion within thousands of European retail locations this spring. Beyond Meat products are available at approximately 122,000 retail and foodservice outlets in over 80 countries worldwide. The new product distribution in Europe includes: United Kingdom: In April, Sainsbury's is nearly doubling its distribution of the Beyond Burger nationwide. This follows the launch of Beyond Sausage in Sainsbury stores this past January. Waitrose also recently launched the Beyond Burger and Beyond Sausage. Between these two retailers, Beyond Meat is entering 445 new retail stores throughout the UK market. Germany: Throughout April and May, Beyond Meat is expanding its product offerings in over 1,000 new German retail stores through Kaufland, Tegut, Famila and Real. Austria: In April, Beyond Meat will expand product offerings at SPAR locations throughout Austria and will add products to BILLA and BILLA PLUS locations. The expansion will bring Beyond Meat products to a total of approximately 1,500 new retail stores in Austria. Switzerland: This April, Beyond Meat will expand Beyond Mince distribution to 155 Migros stores throughout the country. The Netherlands: In March, Beyond Mince became available for the first time in the market through distribution at nearly 1,000 Albert Heijn and Jumbo stores.
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CGAU | Hot Stocks07:45 EDT Centerra Gold to list common shares on NYSE - Centerra Gold is pleased to announce that the Company has received approval to list its common shares on the New York Stock Exchange. Trading of the Company's common shares is expected to commence under the symbol "CGAU" on Thursday, April 15, 2021. The Company's primary exchange will remain the Toronto Stock Exchange.
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CYTK | Hot Stocks07:45 EDT Cytokinetics announces preclinical data for CK-3773274 - Cytokinetics announced that data related to the optimization of CK-3773274, or CK-274, including the first disclosure of its chemical structure, were presented at the American Chemical Society Spring 2021 Virtual Meeting. The presentation reviewed scientific activities that involved evaluating CK-274 and precursor compounds for their exposure-response relationship, projected human half-life, and potential for meaningful cytochrome P450 interactions. Data presented described the primary optimization objectives, identification of an initial hit compound, and its subsequent chemical optimization, including preclinical characterization in biochemical assays, cardiac myocytes, and in vivo models of cardiac function. In cardiac myofibrils, the biochemical potency of CK-274 was 1.26 microM and it reduced cardiac myocyte contractility to 33% of baseline at 5 microM. Echocardiographic data from healthy rats showed that CK-274 reduced fractional shortening, a measure of cardiac function, in a dose- and exposure-dependent fashion. The pharmacodynamic window, characterized by the ratio of plasma concentrations required to achieve a 50% and 10% reduction in fractional shortening was 9.6 for CK-274. The exposure-response relationship for CK-274 in healthy dogs was similar to that observed in rats. Preclinical pharmacokinetic characterization of CK-274 suggested its predicted half-life in humans was 2.8 days. This projection was borne out in the first-in-human Phase 1 study of CK-274 in healthy volunteers in which the single dose administered half-life was observed to be 3.4 days, and steady-state was reached within 2 weeks following multiple doses.
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OPGN | Hot Stocks07:42 EDT OpGen announces results from webinar on bacterial pneumonia co-infections - OpGen announced the results from the highly attended webinar titled "Pneumonia Diagnosis: Bacterial Superinfection in COVID-19 Patients", where two infectious disease experts presented their independent study results from the Unyvero Hospitalized Pneumonia and Unyvero Lower Respiratory panels, respectively. Their studies demonstrated that syndromic testing of lower respiratory specimens with Unyvero HPN and LRT BAL panels can improve patient care and time to appropriate targeted antibiotic therapy in COVID-19 pneumonia patients, as well as in a non-COVID-19 population with suspicion of pneumonia, including Pneumocystis jirovecii Pneumonia. Professor and Senior Consultant Physician Christian Giske, at the Department of Laboratory Medicine, Karolinska Institutet, Stockholm, Sweden, discussed "Diagnosing bacterial pneumonia in COVID-19" in his presentation, and highlighted several important findings from his study and key advantages of the Unyvero HPN panel compared with conventional bacterial culture: Unyvero demonstrated higher diagnostic yield than bacterial culture, including several key pathogens of concern such as S. aureus, P. aeruginosa, S. marcescens, H. influenzae, K. oxytoca, S. maltophilia. Notably, S. maltophilia was called out as an important target on the Unyvero panel because of its intrinsic resistance against many of the standard antibiotics. Analysis of chart reviews of patients that had multiple lower respiratory cultures ordered during the course of their hospital stay revealed two clinically important cohorts: In Group 1, culture and Unyvero HPN results were 100% concordant on the first and all subsequent samples that had been ordered. The findings in this cohort demonstrated that Unyvero HPN would enable significantly more rapid detection of pathogens not covered by empiric therapy due to intrinsic resistance, i.e. S. maltophilia, or multidrug resistant organisms, i.e. carbapenem-producers, within 5 hours vs. 2.5 days by culture. In Group 2, Unyvero HPN detected bacterial pathogens up to 7 days earlier in patient samples that were initially negative by culture but subsequent cultures ordered during hospital stay were confirmed as positive for the same pathogen at a much later stage. As a consequence of lack of finding any microbial etiology by culture, this group of patients were exposed to longer duration of empirical antibiotic treatment. This group also had longer hospital length of stay, longer ICU LOS and longer VAP duration, which could have been shorter if antibiotics could have been tailored and targeted earlier. "The potential impact of Unyvero HPN in this group could be significantly greater than in Group 1," stated Prof. Giske, as he presented several clinical cases of patients with ongoing infection where culture exhibited intermittent detection of pathogen impacted by antibiotics across serial sampling while Unyvero HPN demonstrated consistent and steady detection of these pathogen. Prof. Giske pointed out that similar findings were reported1 by Pickens et al. where chart reviews were performed on 4 culture-negative Acinetobacter cases that Unyvero had reported positive for Acinetobacter, and subsequent cultures grew Acinetobacter. In these cases, empiric therapy did not adequately cover for Acinetobacter and all four patients died. Prof. Giske concluded his presentation with the following remarks: distinguishing those COVID-19 ICU patients with bacterial superinfection early and accurately is crucial for patient management and antibiotic stewardship; Excellent NPV of 99.8% allows for a reduction in unnecessary antibiotics use; Unyvero reduces diagnostic turnaround time to about 5 hours, and it can easily fit into a 24/7 lab workflow; and Unyvero provides clinicians earlier data to inform antimicrobial decisions, especially in critically ill COVID-19 patients. The second presentation focused on a number of clinical cases from the Unyvero LRT BAL study that exemplify the performance characteristics and potential clinical impact of this Unyvero panel in pneumonia diagnostic algorithms, presented by Drew Bell, Medical and Public Health Microbiology Fellow at Indiana University School of Medicine, Indianapolis, IN. The patient population in this study included pneumonia: Community-Acquired Pneumonia, Hospital-Acquired Pneumonia, Ventilator-Associated Pneumonia, Aspiration Pneumonia, as well as non-pneumonia patients. Results of Unyvero LRT BAL were compared to conventional microbiological methods including bacterial culture for pathogen identification and antimicrobial susceptibility testing, as well as microscopic examination for PJP. Analysis of retrospective chart reviews performed on these patients revealed that, based on conventional microbiological results, 41% were undertreated, 19% were overtreated, while only 25% were appropriately treated and 16% were appropriate without antibiotic treatment. In contrast, the study demonstrated that using the Unyvero LRT BAL panel would have enabled prompt and appropriate targeted antibiotic therapy in 41.3% of cases, including escalations, and de-escalations, and reduced time to appropriate therapy by 25.7 hours. This presentation also called out the fact that Pneumocystis jirovecii is a non-culturable fungus, and in the absence of PCR testing, PJP diagnosis relies on microscopic examination of trophic forms or cysts, which is laborious and insensitive. Clinical cases were presented which demonstrated the rapid and reliable detection of Pneumocystis jirovecii using the Unyvero LRT BAL panel in just 5 hours with only about 2 minutes of hands-on time.
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NTLA... | Hot Stocks07:42 EDT Intellia Therapeutics appoints Georgia Keresty to board of directors - Intellia Therapeutics (NTLA) announced the appointment of Georgia Keresty, Ph.D., M.P.H., to the company's board of directors. Keresty brings more than 35 years of pharmaceutical industry experience to Intellia's board. Keresty recently served as chief operating officer and global head, medical sciences and development operations for Takeda Research and Development, a division of Takeda Pharmaceuticals (TAK). In addition to Intellia's board, Keresty serves as a member of the board of directors of Aspen Technology (AZPN) and Solid Biosciences (SLDB).
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IR | Hot Stocks07:40 EDT Platinum Equity to acquire Club Car from Ingersoll Rand for $1.7B - Platinum Equity announced it has entered into a definitive agreement to acquire Club Car from Ingersoll Rand in a transaction valued at approximately $1.7B. The acquisition, subject to standard closing conditions, is expected to be completed by the third quarter. Founded in 1958 and headquartered in Augusta, Georgia, Club Car is a global manufacturer of golf cars, utility, personal transportation and other low-speed vehicles, including all-electric models, and related aftermarket parts and services. The business has been owned by Ingersoll Rand since 1995.
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ITCI | Hot Stocks07:39 EDT Intra-Cellular announces presentation on PDE1 inhibitor program - Intra-Cellular Therapies announced a poster presentation on its PDE1 inhibitor program at the ongoing 2021 American Association for Cancer Research Virtual Annual Meeting, which is being held from April 10 - 15, 2021. The company said, "Details of the poster presentation are as follows: Title: Effects of ITI-214, a Potent and Selective Phosphodiesterase Type 1 Inhibitor, on Tumor Myeloid Cellular Composition, Tumor Volume and Survival in Mouse Models of Colorectal Cancer When Combined with an Anti-PD-1 Checkpoint Inhibitor. The poster describes results from preclinical studies demonstrating that the Company's selective PDE1 inhibitor, lenrispodun, alters the tumor microenvironment and exhibits compelling anti-tumor activity when combined with a programmed cell death-1 immune checkpoint inhibitor in an animal model of colorectal cancer. In previous studies we have shown the ability of our PDE1 inhibitors to reduce neuroinflammation. In these studies we discovered a novel intracellular pathway by which the PDE1 enzyme controls the functions of certain immune cells called microglia. We have shown that inhibition of the activity of these cells by PDE1 inhibitors reduces inflammation in the brain. Based on our understanding of the role of PDE1 in regulating the function of microglia and macrophages, we hypothesized that PDE1 inhibitors would block the recruitment of immunosuppressive cells into the tumor microenvironment of certain cancers. By inhibiting PDE1, host immune responses may be potentiated leading to inhibition of tumor growth. At AACR we are reporting on pre-clinical studies demonstrating that lenrispodun alone decreased the numbers of infiltrating macrophages and increased the numbers of natural killer cells in the TME. These effects serve to prevent tumors from evading the host immune system and thereby potentiate the tumor killing activity of checkpoint inhibitors. When lenrispodun and an anti-PD-1 antibody were combined, tumor volumes were significantly reduced and tumor-free survival was significantly increased in a mouse model of colon carcinoma. Importantly, the effect of combining an anti-PD-1 immune checkpoint inhibitor and lenrispodun treatment produced a complete response in about 50% of treated mice as compared to 10% in anti-PD-1 alone treated mice, 20% in the lenrispodun alone group and 0% in the control group. This translated into a statistically significant effect on survival for the combination treatment group as compared to control. Tumor associated macrophages can promote tumor growth in certain cancers. Our experiments indicate PDE1 inhibition prevents the migration and accumulation of monocytes and macrophages in the tumor microenvironment and could represent a novel and broadly applicable approach to the treatment of immune responsive cancers. We are currently evaluating our PDE1 inhibitors in other cancer models and are developing potential biomarkers that may assist in the translation of these data to the treatment of human cancers."
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WSO | Hot Stocks07:38 EDT Watsco completes acquisition of Temperature Equipment Corporation - Watsco announced that it has completed the acquisition of Temperature Equipment Corporation. Albert Nahmad, Watsco's Chairman and CEO, commented: "We have deep respect and admiration for TEC's legacy and long record of success. Skip Mungo and his team have built a great company and they will continue TEC's focus on growth with their name, identity and unique culture in what will be new markets for our company. We look forward to supporting their ambitious growth plans and introducing our innovative technologies to accelerate their digital capabilities as part of the Watsco family."
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CVS | Hot Stocks07:38 EDT CVS Health expands access to COVID-19 vaccines in several states - In an ongoing effort to expand access to COVID-19 vaccines, CVS Health announced that it will begin vaccinating eligible populations on Wednesday, April 14 in the following states: 16 select CVS Pharmacy locations in Arkansas; 10 select CVS Pharmacy locations in Maine; 11 select CVS Pharmacy locations in Nebraska; 14 select CVS Pharmacy locations in Iowa.
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IR | Hot Stocks07:37 EDT Ingersoll-Rand to sell specialty vehicle technologies segment to Platinum Equity - Ingersoll Rand has entered into an agreement to sell its specialty vehicle technologies segment to the private equity firm Platinum Equity. The all-cash transaction is valued at $1.68B, which is approximately 12.1x 2020 specialty vehicle technologies segment adjusted EBITDA, and is expected to be completed by Q3, subject to customary closing conditions. Ingersoll Rand said they selected Platinum Equity because of their financial, operational and marketing expertise as well as their focus and interest in the automotive industry and mobility trends.
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STPK | Hot Stocks07:37 EDT Star Peak Energy Transition, Stem to host fireside chat on combination - Star Peak Energy Transition and Stem announced that the companies will host a fireside chat with IPO Edge, Monday, April 12 at 2pm EDT, to discuss their pending business combination. The live event will feature Michael Morgan, Chairman of Star Peak and John Carrington, CEO of Stem. IPO Edge Editor-in-Chief John Jannarone will moderate the video session, which will last approximately 45 minutes and include a Q&A with the audience.
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KNSA | Hot Stocks07:36 EDT Kiniksa announces results for mavrilimumab phase 2 trial in COVID-19 patients - Kiniksa Pharmaceuticals announced the Phase 2 portion of the Phase 2/3 trial of mavrilimumab in non-mechanically-ventilated patients with severe COVID-19 pneumonia and hyperinflammation achieved its primary efficacy endpoint of the proportion of patients alive and free of mechanical ventilation at Day 29. Mavrilimumab is an investigational fully-human monoclonal antibody that targets granulocyte macrophage colony stimulating factor receptor alpha. The Phase 2/3 trial is a global, randomized, double-blind, placebo-controlled study designed to evaluate the efficacy and safety of mavrilimumab treatment in adults hospitalized with severe COVID-19 pneumonia and hyperinflammation. In the Phase 2 portion of the trial, patients were enrolled into 2 cohorts: non-mechanically ventilated patients, or Cohort 1, requiring supplemental oxygen to maintain SpO2 greater than or equal to 92%; and mechanically ventilated patients, or Cohort 2, for whom mechanical ventilation was initiated within 48 hours prior to randomization. There was a seamless transition in the enrollment of patients in both cohorts from the Phase 2 into the Phase 3 portions of the trial. In the non-mechanically ventilated cohort, 116 patients with hypoxia and severe COVID-19 pneumonia/hyperinflammation were enrolled across sites in the United States, Brazil, Chile, Peru, and South Africa. Patients were randomized in a 1:1:1 ratio to receive a single intravenous dose of mavrilimumab 10 mg/kg, 6 mg/kg, or placebo. The primary efficacy endpoint was the proportion of patients alive and free of mechanical ventilation at Day 29. Key secondary endpoints included Time to Two-Point clinical improvement on the National Institute of Allergy and Infectious Diseases scale, Time to Return to Room Air, and Mortality at Day 29. The prespecified evidentiary standard for Phase 2 endpoints was a 2-sided alpha value of 0.2, without adjustment for multiplicity. Baseline demographics were balanced across treatment arms: the population was ethnically/racially diverse, 49% were obese, and 29% were older than 65 years. All patients received local standard of care therapy: 96% received corticosteroids/dexamethasone and 29% received antivirals/remdesivir. Non-mechanically ventilated patients treated with mavrilimumab demonstrated a reduction in mechanical ventilation and death at Day 29 pooled across dose levels. The proportion of patients alive and free of mechanical ventilation at Day 29 was 12.3 percentage points higher in mavrilimumab recipients compared to placebo recipients. Mavrilimumab recipients experienced a 65% reduction in the risk of mechanical ventilation or death through Day 29. Day 29 mortality was 12.5 percentage points lower in mavrilimumab recipients compared to placebo recipients. Mavrilimumab recipients experienced a 61% reduction in the risk of death through Day 29. No apparent differences were observed between the 10 mg/kg and 6mg/kg IV treatment arms. Mavrilimumab was well-tolerated and exhibited a favorable safety profile. One treatment-emergent serious adverse event related to study drug was reported on placebo, and there were no notable dose-related adverse events. Infections were noted in all groups including placebo recipients. All thrombotic events occurred in placebo recipients. Kiniksa is engaged with the U.S. Food and Drug Administration and other government agencies to identify pathways, including potential Emergency Use Authorization, for accelerated availability of mavrilimumab as a therapeutic option for severe COVID-19 patients.
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BCOR | Hot Stocks07:35 EDT Antitrust expert says Ancora CEO cannot serve on Blucora's board - Blucora disclosed an analysis by antitrust expert, the Honorable William Baer, highlighting significant concerns that the election of Fred DiSanto, Chair and CEO of Ancora Holdings, to the Blucora Board would be a violation of the Clayton Antitrust Act. The company said, "The Company also notes other concerns with the "tone at the top" that would result from Mr. DiSanto's service on Blucora's Board of Directors due to his demonstrated inability to follow laws and the compliance policies of his own organization. Blucora first raised concerns about whether Mr. DiSanto could properly serve on the Blucora Board because of Clayton Act issues nearly two months ago. The Clayton Act expressly prohibits officers, directors and employees of a company from serving on the board of any of its competitors. Mr. DiSanto refused to acknowledge the serious legal issue associated with an executive of one wealth management firm serving on the board of another. Blucora therefore asked an acknowledged antitrust expert to provide his views on the matter. This past weekend, the Company received the report of Mr. Baer, who is the only person ever to have led antitrust enforcement at both the United States Department of Justice and the Federal Trade Commission. Mr. Baer's full report, which is available here, concludes in part: The Clayton Antitrust Act is a cornerstone of U.S. business regulation and a properly functioning free market. The Act prohibits anticompetitive mergers, board interlocks among competitors, and other forms of anticompetitive corporate behavior. In my opinion, Mr. DiSanto's service on the Blucora Board, should he be elected, would violate Section 8 of the Clayton Act because Blucora and Ancora compete to attract and retain financial professionals and their investor clients. The law is unambiguous: a director interlock between competitors is per se unlawful and cannot be waived by the board of directors nor remedied by recusal from certain discussions. Based on the report delivered by Mr. Baer, the Blucora Board does not believe Mr. DiSanto can serve on the Board because of the Clayton Act."
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ORGN AACQ | Hot Stocks07:35 EDT Origin Materials, Packaging Matters enter deal to develop packaging solutions - Origin Materials and Packaging Matters announced an agreement to develop advanced packaging solutions, including a next-generation polymer, polyethylene furanoate, or PEF. Packaging Matters had previously entered into a supply agreement to purchase sustainable carbon-negative PET from Origin Materials to create next-generation packaging. In the initial phase of the partnership, Origin Materials will supply sustainable carbon-negative PET to Packaging Matters. As the companies make progress on developing suitable PEF applications, some or potentially all of the supply will transition to sustainable PEF with an expected carbon-negative footprint. Origin Materials' sustainable carbon-negative PET is physically and chemically identical to petroleum-based PET, making it equally recyclable within the existing recycling infrastructure with no disruption to recycling streams or special sorting or collection requirements. Packaging Matters intends to use the sustainable carbon-negative PET from Origin Materials in its facility in Visalia, California to manufacture packaging products for its fresh fruits, vegetables, and salads customers. On February 17, Origin Materials and Artius Acquisition (AACQ) announced a definitive agreement for a business combination that will result in Origin Materials becoming a public company. Upon closing of the transaction, expected in Q2, the combined company will be named Origin Materials and remain listed on the Nasdaq under the new ticker symbol (ORGN).
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MRNS | Hot Stocks07:34 EDT Marinus Pharmaceuticals hires Steven Pfanstiel as CFO - Marinus Pharmaceuticals announced the hiring of Steven E. Pfanstiel as Chief Financial Officer and Lisa Lejuwaan to the newly created position of Vice President of Sales. The appointments reflect Marinus' continued commitment to building a strong leadership team and its planning for potential commercialization of ganaxolone in CDKL5 deficiency disorder . "I am thrilled that Marinus continues to build and attract stellar leaders such as Lisa and Steve, who will be instrumental in positioning the company for its next phase of growth," said Scott Braunstein, M.D., Chief Executive Officer of Marinus Pharmaceuticals. "Both bring skills and seasoned expertise that will prove invaluable as we build our organization and prepare for potential commercial launch." Mr. Pfanstiel, has a long track record in life sciences and pharmaceuticals, supporting the financial side of R&D, supply chain, and global commercialization organizations. He brings 16 years of J&J experience in various financial reporting and business support roles and was most recently Vice President, Finance for LifeScan of Malvern, PA, a world leader in blood glucose monitoring known for its OneTouch brand products for managing diabetes. At LifeScan, he was responsible for a finance team of over 40 and drove significant cost savings while optimizing investment in sales and marketing.
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CSCW | Hot Stocks07:33 EDT Color Star Technology regains Nasdaq compliance - Color Star Technology announced that it has received a letter from the NASDAQ Listing Qualifications Staff notifying the company that it has regained compliance with NASDAQ's minimum bid price requirements for continued listing on the Nasdaq Capital Market. The letter noted that as a result of the closing bid price of the company's ordinary shares having been at $1.00 per share or greater for more than ten consecutive business days, from March 18, 2021 through April 6, 2021, the company has regained compliance with Listing Rule 5550(a)(2) and the matter is now closed.
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ELTK | Hot Stocks07:33 EDT Eltek to apply for land grant in Israel to build second production facility - Eltek provided an update regarding its intention to apply to the Israel Land Authority for an allocation of land in the north of Israel where Eltek intends to build a second production facility. "The Ministry of Economics approved a recommendation to the ILA to allocate land in the north of Israel to Eltek without the need for a bidding process. Such recommendation provides for an exemption period of 24 months from the requirement to acquire the land by means of a tender. The land development cost is expected at a 30% discount to prevailing market prices. Following receipt of the Ministry of Economics recommendation, our board of directors instructed management to apply to the ILA for the necessary permits and to finalize the terms of a long term pre-paid lease."
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LGHL | Hot Stocks07:31 EDT Lion Group forms new SPAC, Aquarius II Acquisition Corp. - Lion Group Holding announced it signed engagement letters with an underwriter and legal counsel to form a third SPAC company, Aquarius II Acquisition Corp. The deal size is expected to be $50M. This news follows Lion's recent announcements of its forming SPAC companies Aquarius I Acquisition Corp. as well as Skyline I Acquisition Corp. through its subsidiary Lion Wealth Management Limited. Kingswood Capital Markets and Loeb & Loeb LLC have been engaged to act as underwriter and legal counsel for this transaction, respectively.
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TIL | Hot Stocks07:27 EDT Instil Bio presents clinical data for metastatic melanoma at 2021 AACR meeting - Instil Bio presented clinical data from a compassionate use program for the treatment of metastatic melanoma at the American Association for Cancer Research virtual meeting April 10-15. In this compassionate use program, 21 patients with stage IV cutaneous melanoma were treated between 2011 and 2019 at the Christie Hospital in Manchester, United Kingdom with tumor infiltrating lymphocytes, or TIL, manufactured by Instil. Among the 21 patients, 14 achieved an objective response, with four achieving a complete response. All complete responders remained in remission at the time of data cutoff with those remissions ranging in duration from 30 months to over 80 months from TIL infusion. With a median duration of follow-up of 52.2 months, the median overall survival was 21.3 months with nearly half of patients experiencing long term survival. Side effects of treatment were largely transient, self-limited and generally attributable to the lymphodepleting chemotherapy regimen and post-TIL IL-2 treatment. The company plans to submit these results for peer-reviewed publication in 2021. Instil expects to begin a Phase 2 trial of ITIL-168 in advanced melanoma patients in the second half of 2021. The company anticipates obtaining topline safety and efficacy data in 2023, which could support the submission of a BLA to the FDA in 2023 and a Marketing Authorization Application to the European Medicines Agency in 2024.
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GDDFF | Hot Stocks07:27 EDT Goodfood Market appoints Greg Christopher as EVP, operations - Goodfood Market announced that Greg Christopher will be joining its management team as Executive Vice President of Operations effective April 12, 2021. He most recently was a Principal at Bridgeview Business Consulting, where he provided end-to-end business consulting and advisory roles for executives to drive strategic plans, continuous improvement, digitization, and operations talent assessments.
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PTRUF | Hot Stocks07:25 EDT Petrus Resources interim CFO Chris Graham departs - Chris Graham has departed as interim CFO the Company. Petrus is pleased to announce that Mathew Wong, the current controller of Petrus, has been appointed as the Vice-President, Finance of the Company. Petrus will focus on developing its inventory of low risk, high return properties in Alberta to grow cash flow and reduce debt. Petrus also intends to reduce overhead costs while rewarding its employees with good earnings, job security and support for their communities.
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PTRUF | Hot Stocks07:24 EDT Petrus Resources appoints Ken Gray president, CEO - Petrus Resources is pleased to announce that Mr. Ken Gray has been appointed as President and CEO of Petrus. Mr. Gray is currently President of a private oil and gas company with operations in Alberta. Neil Korchinski has resigned as President, CEO and a Director of the Company.
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ITMR | Hot Stocks07:24 EDT Itamar Medical provides results from sleep test market survey - Itamar Medical announced results from a recent survey to health care professionals that covered sleep testing dynamics in their practices during 2020 and expectations for future use of Home Sleep Apnea Testing, or HSAT, versus Polysomnography, or PSG, testing performed in sleep laboratories. Key findings of the survey included: 93% of the health care professionals surveyed currently use HSAT in their practices; HSAT represents more than 50% of the daily test volume in 66% of the practices; compared to pre-COVID-19 test mix approximately 67% of respondents indicated PSG usage decreased, 32% and 35% indicated PSG usage decreased significantly and moderately, approximately 66% of respondents indicated HSAT usage increased, 32% and 34% indicated HSAT usage increased significantly and moderately, respectively; approximately 39% and 25% expect HSAT usage to be 50% and 75% or higher respectively of test mix post-COVID-19; approximately 27% use only or mostly disposable HSAT; and Ease of Use was noted as the most important feature for an HSAT, followed by Reliability and Accuracy. The survey, designed by Itamar Medical, was in the majority conducted by independent sleep medicine publications during February and March 2021 to determine the current dynamics of the sleep apnea diagnostic market and perceived impact of COVID-19 on traditional clinical environments. A total 213 sleep professionals participated in the survey including physicians, technicians, respiratory therapists, and sleep clinic directors and managers.
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CIXX WETF | Hot Stocks07:23 EDT CI Financial appoints Amit Muni as CFO - CI Financial (CIXX) announced the appointment of Amit Muni as executive VP and CFO. Reporting to CEO Kurt MacAlpine, Muni will oversee the company's global finance operations and investor relations teams. His appointment will be effective no later than May 31. He joins CI from WisdomTree (WETF), where he has served as executive VP and CFO since 2008.
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IDXG | Hot Stocks07:23 EDT Interpace Pharma Solutions announces RNAscope in situ hybridization - Interpace Pharma Solutions, a subsidiary of Interpace Biosciences, announced new capability in advancing RNA biomarker analysis for gene and cell-based therapies. RNAscope in situ hybridization is a new Interpace offering that can visualize, localize, and quantify gene expression within a single assay. RNAscope ISH utilizes unique "double Z" probes which can simultaneously provide signal amplification and background noise control, resulting in high sensitivity and specificity. Additionally, single-molecule visualization of the assay yields quantitative RNA expression and cell-specific expression within intact tissue architecture. The company said, "Application of RNAscope ISH can streamline immune checkpoint target identification; visualize in vivo delivery of CAR-T therapeutic products; and differentiate therapeutic gene sequence from endogenous transcripts selection, even when there is no known or validated antibody."
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MDNA | Hot Stocks07:21 EDT Medicenna Therapeutics present preclinical data for MDNA19-MDNA413 at AACR - Medicenna Therapeutics announced new preclinical data demonstrating the potent immune modulatory effects of MDNA19-MDNA413, an IL-2/IL-13 dual specific cytokine derived from the company's BiSKITsTM, or Bi-functional SuperKines as ImmunoTherapies, platform. The data are featured in an electronic poster presentation at the 2021 American Association for Cancer Research Annual Meeting. Data presented in the poster indicate that this DUal CytoKine simultaneously activates a pro-inflammatory anti-tumor response, due to its highly selective binding and signaling via the intermediate affinity IL-2 receptor, while inhibiting pro-tumoral immune pathways by blocking IL4/IL13 signaling via the Type 2 IL-4 receptor. Key data and conclusions from the AACR poster titled "Modulation of Immune Responses to Cancer by Bi-specific IL-2/IL-13 Superkines" include: MDNA19-MDNA413 showed enhanced signaling in cancer killing effector T cells and NK cells and reduced activation of pro-tumor Treg cells corresponding to a 209-fold and 90-fold enhancement in CD8/Treg and NK/Treg ratios, respectively, when compared to native IL-2; MDNA19-MDNA413 selectively binds and inhibits both, IL-4 and IL-13 signaling, via the alpha 1 subunit of the Type II IL-4 receptor, which is normally associated with pro-tumoral effects due to stimulation of Myeloid Derived Suppressor Cells and M2a polarization of Tumor Associated Macrophages, while showing reduced affinity for the IL13Ralpha2 decoy receptor; compared to long-acting Fc fusion of IL-13, MDNA19-MDNA413 is ~240 times more selective for IL13Ralpha1 over IL13Ralpha2; MDNA19-MDNA413 potently inhibited both IL-4 and IL-13 mediated pSTAT6 activity with an IC50 of 8.0 and 12.3 nM, respectively; and MDNA19-MDNA413 effectively inhibited IL-13-induced polarization of pro-tumor M2a macrophages.
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SNY | Hot Stocks07:21 EDT C4XD enters licensing agreement with Sanofi for oral IL-17A inhibitor program - C4X Discovery Holdings announces that its subsidiary, C4X Discovery Limited, has signed an exclusive worldwide licensing agreement with Sanofi, worth up to EUR 414M, for C4XD's oral pre-clinical IL-17A inhibitor programme. Under the terms of the agreement, C4XD will receive an upfront payment of EUR 7M and could receive up to a further EUR 407M in potential development, regulatory and commercialisation milestones, of which EUR 11M is in pre-clinical milestones, in addition to single digit royalties. Under the license, Sanofi will develop and commercialise an oral therapy for the treatment of inflammatory diseases, a multi-billion dollar market. The IL-17 family of cytokines are strong inducers of inflammation and are implicated in a variety of autoimmune diseases including psoriasis, psoriatic arthritis and ankylosing spondylitis. Current treatments targeting IL-17 are monoclonal antibodies administered via an injection. There is an urgent need for safe and efficacious oral small molecule therapies to increase the number of patients able to access IL-17 targeted drugs and expand availability into new inflammatory disease indications. C4XD's small molecule IL-17A inhibitor programme can selectively block IL-17 activity in vivo whilst maintaining molecular size of the molecule in the traditional "drug-like" range suitable for oral administration. Sanofi will continue to work with the C4XD team to access its unique and proprietary 4D Conformetrix technology, as the programme advances towards clinical studies.
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CSIQ | Hot Stocks07:20 EDT Canadian Solar starts mass production of 210 mm large cell modules - Canadian Solar announced that it has started mass production of high-power, high-efficiency modules with power output of up to 665 W. The new generation of monofacial HiKu7 and bifacial BiHiKu7 modules are based on 210 mm cells and are set to deliver one of the most competitive levelized cost of electricity in the industry by reducing balance of system and other costs for solar power plants. These modules have been optimized with leading tracker and inverter designs to ensure seamless installation of solar systems.
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FTFT | Hot Stocks07:18 EDT Future FinTech enters amended agreement to acquire Nice Talent Asset Management - Future FinTech announced that further to its February 26, 2021 press release, it has entered into an amendment to its Share Exchange Agreement with Joy Rich Enterprises Limited to acquire 90% of the issued and outstanding shares of Nice Talent Asset Management Limited, a Hong Kong-based asset management company, from Joy Rich. NTAM is licensed under the Securities and Futures Commission of Hong Kong to carry out regulated activities in 'Type 4: Advising on Securities and 'Type 9: Asset Management'. NTAM's current business partners include major international banks and its clients cover the spectrum from well-established institutional funds to high net worth retail customers.
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CIGI | Hot Stocks07:18 EDT Colliers International releases Global Impact Report - Colliers published its first annual Global Impact Report, highlighting its commitment to embedding environmental, social and corporate governance best practices across the organization. In the coming months, Colliers will conduct a materiality assessment to understand the firm's greatest opportunities to effect positive change and establish a comprehensive strategy with measurable targets. Colliers' 2020 Global Impact Report focuses on current work and initiatives across three key areas: Helping the environment: Colliers provides lasting value for clients through a full suite of sustainability services that improve the performance of their properties and result in better environmental and economic outcomes. Colliers is also transforming its own workplaces to ensure the health of our people and reduce our impact on the environment. Engaging our people and communities: Colliers is deepening efforts to foster inclusive and supportive workplaces and create rewarding growth and development opportunities. Every business line is empowered to help local communities and support charitable initiatives. Acting with honesty and integrity: Colliers takes great care to operate ethically and adheres to rigorous corporate governance policies.
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AGFAF | Hot Stocks07:17 EDT Agraflora's Farmako supplies THC Testkits to STADAPHARM - AgraFlora Organics is pleased to announce that its wholly-owned subsidiary, Farmako has begun supplying STADAPHARM with its proprietary THC Testkits. The THC Testkits were developed and produced by Farmako in-house and will be supplied to STADAPHARM as a tool for pharmacists to detect THC and identify medical cannabis flowers and extracts in an easy, quick and cost-efficient way. STADAPHARM, which is responsible for the Specialty Pharmaceuticals business within the STADA Group, will be entering the medical cannabis market in the second quarter of 2021. The company will launch its own THC-containing cannabis flower products and extracts and will also offer the THC Testkits, developed and produced by Farmako, along with its own products to pharmacists for the identity testing of medical cannabis.
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STTK | Hot Stocks07:17 EDT Shattuck Labs highlights preclinical data for SL-9258 and GLADEN at AACR 2021 - Shattuck Labs announced the presentation of two posters at the American Association for Cancer Research Annual Meeting, being held virtually April 10-15. TIGIT blocking antibodies have shown encouraging clinical activity in combination with PD-1/L1 blocking antibodies in checkpoint naive NSCLC, if PD-L1 expression is high. Shattuck's presentation, titled "TNFSF14 Co-Stimulation in Combination with Dual TIGIT/PD1 Checkpoint Inhibition Induces Anti-Tumor Immunity in a CPI Acquired Resistance Model that Shares Transcriptional Similarities to Lung Cancer Patients Who Acquire Resistance to CPI," demonstrated that preclinically, SL-9258 retained activity in a PD1 resistance model and outperformed dual checkpoint blockade with anti-PD1 and anti-TIGIT. The second poster highlighted expanded preclinical data from Shattuck's GADLEN platform. Titled "Antigen-specific targeting of tissue-resident gamma delta T cells with recombinant butyrophilin heterodimeric fusion proteins," the poster demonstrated an analysis to uncover the gamma and delta TCR usage in tumors and the butyrophilin expression pattern guiding the design of GADLEN therapeutics, which will target hematologic malignancies and solid tumor indications.
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STRS | Hot Stocks07:16 EDT Stratus Properties sends letter to shareholders - Stratus Properties issued a letter to shareholders regarding its upcoming 2021 Annual Meeting of Shareholders , which is scheduled to be held on June 4. An offshore hedge fund, Oasis Management Company is seeking to replace two directors, James Leslie and Neville Rhone, Jr., in order to advance a self-serving agenda at odds with the best interests of the majority of Stratus' shareholders. In the letter, Beau Armstrong, the Company's Chief Executive Officer and Chairman of the Board, provides important information about Stratus, the Company's history of shareholder value creation, the successful stewardship of its directors, the Oasis agenda, and what is at stake in this election. Stratus urges its shareholders to vote on the WHITE proxy card "FOR" both of Stratus' highly-qualified director nominees, Messrs. Leslie and Rhone, and "FOR" the shareholder proposal to appoint an additional shareholder-recommended director, Laurie Dotter, to the Board.
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MTEM | Hot Stocks07:15 EDT Molecular Templates announces presentations on engineered toxin bodies - Molecular Templates reported that three posters featuring data on its pipeline programs and technology platform will be presented at the AACR Virtual Annual Meeting I, taking place April 10-15, 2021. Title: Phase 1 Study of the Novel Immunotoxin MT-5111 in Patients with HER2+ Tumors : This poster summarizes results from a data cut in December 2020 for an ongoing Phase 1, first in human, open-label, dose escalation and expansion study of MT-5111 in subjects with HER2+ solid tumors. MT-5111 has a novel mechanism of action that may not be subject to resistance mechanisms that exist for current HER2 therapies, binds a distinct epitope on HER2 that allows for potential combination with trastuzumab-based therapies, and, at 55kDa, is significantly smaller than other HER2 antibody or ADC therapies. As of the data cut in December 2020, 16 study subjects had been treated in the 3+3 cohort escalation. The cancer types included biliary tract, breast, pancreatic, gastric, and colon. Results to date show that MT-5111 has been well tolerated at escalated doses up to Cohort 5, which allowed for the progression to Cohort 6. There have not been any dose limiting toxicities nor any signs of cardiotoxicity to date, and the MTD has not been reached. Pharmacokinetic data for the first 5 cohorts matched simulations based on non-human primate studies. Exposures at 4.5 microgram/kg have reached approximately 5x the IC 50 of HER2-expressing cell lines. Three patients experienced stable disease as best response per RECIST 1.1 criteria. As previously reported, one subject with metastatic breast cancer in cohort 2 remained on treatment for 10 cycles with stable disease; although she had unmeasurable disease by RECIST criteria, she had three sub-centimeter hepatic lesions that disappeared at the end of cycle 8 before she discontinued for clinical progression/symptomatic deterioration at cycle 10. This subject had received three prior HER2 targeting regimens which initially included pertuzumab plus trastuzumab followed by trastuzumab and TDM1 as monotherapies. Dose escalation continues and no dose limiting toxicities have been observed to date at 6.75 microgram/kg. The HER2+ breast cancer expansion cohort is planned to be initiated in 2Q21 at a dose of 10 undefined/kg, pending adequate safety from the 10 undefined/kg dose escalation cohort. Dose escalation in all HER2+ tumor types will continue to determine the recommended Phase 2 dose while the breast cancer expansion cohort collects efficacy and safety data. As doses higher than 10 undefined/kg are considered to be tolerable in the dose escalation cohort, the dose will be increased in the breast cancer cohort accordingly. Title: Preclinical Characterization of a Novel CTLA-4-Targeted ETB for Direct Treg Depletion: Current CTLA-4 antibodies have shown efficacy in oncology but have been limited by toxicity issues and an inability to clear regulatory T cells from the tumor microenvironment. CTLA-4-targeted ETBs are designed to preferentially deplete Tregs in the TME to improve efficacy and reduce the toxicity associated with CTLA-4 targeted antibodies. This study explored the preclinical characterization of a lead candidate CTLA-4-targeted ETB. CTLA-4-ETB-A directly binds and specifically kills CTLA-4 positive cells in vitro and induces apoptosis of ex-vivo expanded Tregs. CTLA-4-ETB-A is designed to bind CTLA-4 in a manner unique from classic blocking antibodies and is not expected to have sustained blocking ability in vivo due to the relatively short half-life of an ETB compared to a neutralizing monoclonal antibody. The authors predict this will allow for focused Treg depletion in the TME based on target expression levels, while sparing autoreactive T cell activation in the periphery to reduce or eliminate the toxicity seen with CTLA-4 antibodies. In a transgenic mouse model expressing human CTLA-4 and bearing syngeneic subcutaneous tumors, CTLA-4 expression was highest on the Treg cells within the tumor microenvironment compared to other T cell populations and compartments. In this model, it was demonstrated that ETB treatment depletes Tregs in the TME, supporting the overall hypothesis. Peripheral CD4+ T cell proliferation was observed in response to ETB treatment. Initial tox assessment was performed in a non-human primate model. ETB candidate A was well tolerated up to 450 undefined/kg. An increase in proliferating CD4+ and CD8+ central memory T cells was observed and is a potential pharmacodynamic effect. Title: Engineered Toxin Bodies Targeting PD-L1 to Alter Tumor Immunophenotypes and Delivery Broad Antigenic Diversity and Patient Coverage : MT-6402 is an ETB designed to deliver a unique and dual mechanisms of action approach for directly targeting tumors that express PD-L1 on the tumor and/or the TME. Unlike current checkpoint inhibitors which only bind PD-L1 and sterically block interactions with PD-1, MT-6402 directly destroys PD-L1+ tumor and TME immune cells. MT-6402 has dual mechanisms of action that include the enzymatic destruction of ribosomes and the delivery of a viral class I antigen derived from CMV into the targeted tumor, referred to as Antigen Seeding Technology, for presentation on the target tumor cell surface to alter the tumor immunophenotype and induce a CMV specific T-cell response. MT-6402's antigen seeding CMV pp65 payload covers the largest MHC haplotype in the US. Delivery of foreign antigens that are restricted to additional MHC haplotypes could broaden the patient population that could benefit from AST. ETBs based on MT-6402 that deliver additional antigens retain expected potency and target binding, while also activating donor CTLs with matched haplotypes. ETBs delivering antigens to a broader population are under investigation for in vivo safety, efficacy and function. The MT-6402 IND filing has been accepted by the FDA with the Phase 1 first-in-human study expected to begin dosing in 2Q21.
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ONCY | Hot Stocks07:15 EDT Oncolytics presents preclinical data on pelareorep at AACR - Oncolytics Biotech recently announced preclinical data highlighting pelareorep's ability to synergize with multiple classes of anti-cancer agents. The data are featured in two electronic poster presentations at the American Association for Cancer Research Annual Meeting 2021. Experiments presented in the posters evaluate the mechanisms of therapeutic synergy between pelareorep and anti-cancer agents identified via a non-biased high throughput screening assay. The top results identified in the screen were the poly-ribose polymerase 1 inhibitor talazoparib and the Cyclin-dependent kinase 4/6 inhibitor palbociclib, which are both FDA approved for the treatment of breast cancer. "Preclinical data presented at AACR compel the use of pelareorep to broaden the therapeutic applicability of approved anti-cancer agents," said Thomas Heineman, M.D., Ph.D., Global Head of Clinical Development and Operations at Oncolytics. "Notably, the synergistic interactions between pelareorep and both talazoparib and palbociclib were mediated through immunological effects rather than through the molecular pathways typically associated with PARP-1 and CDK 4/6 inhibition. These findings suggest that pelareorep may expand the mechanisms by which PARP-1 and CDK 4/6 inhibitors exert anti-tumor effects, which may enhance their therapeutic potential."
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BPTH | Hot Stocks07:14 EDT Bio-Path presents BP1002 data at 2021 American Association for Cancer meeting - Bio-Path Holdings announced the presentation of a poster highlighting preclinical BP1002 data at the 2021 American Association for Cancer Research Annual Meeting. The poster, titled "The combination of liposomal Bcl-2 antisense oligonucleotide with decitabine is efficacious in venetoclax-resistant cells," was presented virtually by Maria Gagliardi, Research Scientist at Bio-Path Holdings. "We are particularly pleased to have these preclinical results of the BP1002 plus decitabine combination against venetoclax-resistant cells highlighted in a poster before an audience of the world's leading cancer researchers at this important scientific meeting," stated Peter Nielsen, President and Chief Executive Officer of Bio-Path Holdings. "We look forward to filing a second Investigational New Drug application for BP1002 and to initiating a clinical study in combination with decitabine in acute myeloid leukemia patients who have relapsed from venetoclax-based treatments." The data presented in the AACR poster show that venetoclax-resistant cells are sensitive to the inhibitory effects of BP1002 combined with decitabine, suggesting that this combination is a potential treatment for patients who have relapsed from frontline venetoclax-based therapies.
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ONCY | Hot Stocks07:13 EDT Oncolytics, SOLTI achieve primary endpoint in AWARE-1 study - Oncolytics Biotech, together with SOLTI, recently announced new clinical data from the AWARE-1 window-of-opportunity breast cancer study showing patients receiving pelareorep plus checkpoint blockade therapy met the trial's primary endpoint. These data are featured in an electronic poster at the American Association for Cancer Research Annual Meeting 2021 during Week 1, which is taking place virtually from April 10-15, 2021.
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LHDX | Hot Stocks07:13 EDT FDA authorizes first single-use, PCR quality otc Lucira Covid test - Lucira Health (LHDX), a medical technology company focused on the development and commercialization of transformative and innovative infectious disease test kits, today announced the U.S. Food and Drug Administration (FDA) issued an Emergency Use Authorization, EUA, for over the counter (OTC) sale of the LUCIRA CHECK IT(TM) test kit that delivers PCR quality molecular accuracy in 30 minutes or less at home. It is authorized and available. This primarily U.S. designed and manufactured product was the first FDA authorized, prescription, molecular diagnostic test for COVID-19 that could be self-administered by patients at home or used in a physician's office. OTC clearance dramatically expands the availability of this highly accurate test. Each single-use test kit contains everything needed to conduct one COVID-19 test. It can detect a positive result in as few as 11 minutes or confirm a negative result within 30 minutes. It was designed and tested extensively for individuals to use independently and does not require a physician's prescription or telehealth / supervised assistance.
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RNWK | Hot Stocks07:12 EDT SAFR facial recognition system integrated with Geutebruck G-Core VMS - SAFR from RealNetworks announced that its SAFR facial recognition system for live video is now integrated with the Geutebruck G-Core VMS. SAFR for Geutebruck is an AI layer that runs on top of the G-Core VMS which provides advanced video analytics that save time and increase efficiency of surveillance operations. The integration features live video overlays that display event details, streamlined enrollment of individuals appearing on the Geutebruck VMS directly into the SAFR identity database, and custom alarms and notifications that notify security personnel of SAFR events directly within the VMS.
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ONCT | Hot Stocks07:11 EDT Oncternal Therapeutics announces three poster presentations at AACR 2021 meeting - Oncternal Therapeutics announced the presentation of three posters at the American Association for Cancer Research 2021 Annual Meeting being held virtually from April 10-15. The first poster presentation is titled "A Phase 1b Trial of Cirmtuzumab and Paclitaxel in Locally Advanced/Unresectable or Metastatic Her2 Negative Breast Cancer." In this Phase 1b investigator-initiated clinical trial from the University of California San Diego School of Medicine, 15 patients were treated with cirmtuzumab and paclitaxel after receiving a median of six prior therapies for metastatic disease. Of 15 intent-to-treat patients as of April 10, eight patients had a best response of partial response, or PR, one of which remained durable for 52 weeks, and four patients had stable disease, or SD. Of the 14 patients who were evaluable for efficacy per protocol, eight patients had a PR and four patients had SD. All reported adverse events were related to paclitaxel except for one Grade 3 neutropenia that was categorized as possibly related to cirmtuzumab. No patient stopped cirmtuzumab due to toxicity, no dose reductions of cirmtuzumab were required and no dose limiting toxicities were observed. The authors concluded that as of the cutoff date, cirmtuzumab given with paclitaxel was well-tolerated and demonstrated no added toxicity over what was expected with paclitaxel alone in heavily pre-treated patients with metastatic breast cancer. The second poster presentation is titled "Inhibition of ovarian and endometrial cancer cell proliferation by an anti-ROR1 monoclonal antibody." In this preclinical study from the University of New South Wales, high-grade serous ovarian cancer and endometrial cancer cell lines were treated with cirmtuzumab alone or in combination with chemotherapeutic agents, cisplatin, paclitaxel, or the PARP inhibitor olaparib. The authors concluded that cirmtuzumab demonstrated single agent activity against these tumor types, and also enhanced the anti-proliferative effects of commonly-used chemotherapies in these cancers. The third poster presentation is titled "Selective androgen receptor degraders for the treatment of androgen receptor-positive, triple-negative breast cancer." In this preclinical study from the University of Tennessee, androgen receptor, or AR, -positive triple negative breast cancer, or TNBC, cell proliferation and tumor growth were inhibited using Oncternal's investigational selective androgen receptor degraders, or SARDs. Notably, the SARDs demonstrated anti-tumor activity in a TNBC patient-derived xenograft model expressing a splice variant of the AR. Oncternal believes that these results support further development of Oncternal's SARDs as a potential treatment for women affected by the luminal androgen receptor subtype of TNBC.
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ZNTL GSK | Hot Stocks07:11 EDT Zentalis enters collaboration, supply agreement with GSK for ZN-c3 - Zentalis Pharmaceuticals (ZNTL) announced a clinical collaboration agreement with GlaxoSmithKline (GSK) in which Zentalis will evaluate the combination of ZN-c3, Zentalis' oral WEE1 inhibitor product candidate, and ZEJULA, GSK's poly polymerase inhibitor, in patients with advanced epithelial ovarian cancer. Zentalis is currently conducting clinical studies with ZN-c3 both as a monotherapy and in combination with certain standard of care therapies. Under the terms of the non-exclusive collaboration, Zentalis is responsible for conducting the study with GSK providing all required doses of niraparib. Zentalis maintains full ownership of ZN-c3.
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HAL | Hot Stocks07:11 EDT Halliburton signs eight-year contract with Norwegian Petroleum Directorate - Halliburton announced it signed an eight-year contract with the Norwegian Petroleum Directorate, or NPD, to deploy and operate Diskos, the Norwegian national repository of seismic, well, and production data for the oil and gas industry. Halliburton Landmark will deliver Diskos 2.0 using DecisionSpace 365 cloud services in iEnergy, the industry's first E&P hybrid cloud. The cloud native services are open subsurface data universe compliant and provide data, security and governance so users can access, visualize, and interpret data from the Norwegian Continental Shelf.
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AVXL | Hot Stocks07:09 EDT Anavex says DSMB recommends continuation of Phase 2/3 trials of ANAVEX 2-73 - Anavex Life Sciences announced that the Independent Data Safety Monitoring Board for the Company's ongoing clinical trial program, including the late stage AVATAR, EXCELLENCE and the U.S. Rett syndrome extension study of its investigational compound ANAVEX 2-73 has completed its recent pre-planned review of the respective interim safety data for these three separate clinical studies. Upon review of the interim safety data, the DSMB made the following recommendation for the randomized, double-blind, placebo-controlled AVATAR study in adult patients with Rett syndrome: The DSMB recommendation is to continue the studies without modification. Upon review of the interim safety data, the DSMB made the following recommendation for the randomized, double-blind, placebo-controlled EXCELLENCE study in pediatric patients with Rett syndrome: The DSMB recommendation is to continue the studies without modification. Upon review of the interim safety data, the DSMB made the following recommendation for the open-label extension U.S. Rett syndrome study in adult patients with Rett syndrome: The DSMB recommendation is to continue the studies without modification. DSMBs are committees commonly used in clinical trials to protect the interests of the patients and the integrity of the study data in ongoing trials. Based on the previously reported results of the first placebo-controlled U.S. Phase 2 study in adult patients with Rett syndrome, Anavex is planning to meet with the FDA to discuss the approval pathway. There are no FDA-approved drugs for Rett syndrome. ANAVEX 2-73 has Fast Track designation, Rare Pediatric Disease designation and Orphan Drug designation from the FDA for the treatment of Rett syndrome and may be considered for accelerated approval. The respective ongoing placebo-controlled Phase 2 and Phase 2/3 ANAVEX(R)2-73 clinical studies in adult and pediatric patients with Rett syndrome are expected to be completed by mid 2021 and 2H 2021, respectively.
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AMP | Hot Stocks07:09 EDT Ameriprise to acquire EMEA asset management business from BMO for $845M - Ameriprise announced that it has signed a definitive agreement with BMO Financial to acquire its EMEA asset management business for GBP 615M, or approximately $845M. The all-cash transaction adds $124B of AUM in Europe and is currently expected to close in Q4, subject to regulatory approvals in the relevant jurisdictions. The company said the acquisition will further accelerate Ameriprise's core strategy of growing its fee-based businesses and increase the overall contribution of wealth management and asset management within its diversified business. Together with BMO's EMEA asset management business, Ameriprise will have more than $1.2T of assets under management and administration. The addition of BMO's EMEA asset management business will increase Columbia Threadneedle's AUM to $671B. It will increase EMEA AUM and expand AUM in the region to 40% of total Columbia Threadneedle AUM. Separately, in the U.S., the transaction also includes the opportunity for certain BMO asset management clients to move to Columbia Threadneedle, subject to client consent. The transaction is expected to be accretive in 2023 and to generate an internal rate of return of 20%. Given the firm's substantial excess capital position and free cash flow generation, the company's capital return strategy remains on track.
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SAGE BIIB | Hot Stocks07:09 EDT Sage, Biogen announce Kinetic study in essential tremor met primary endpoint - Sage Therapeutics(SAGE) and Biogen (BIIB) reported topline results from the Phase 2 KINETIC Study evaluating SAGE-324 in the treatment of people with essential tremor . The study (n=67 full analysis set) achieved its primary endpoint of a statistically significant reduction from baseline compared to placebo in The Essential Tremor Rating Assessment Scale Performance Subscale Item 4 upper limb tremor score on Day 29 (P=0.049), which corresponded to a 36% reduction from baseline in upper limb tremor amplitude in patients receiving SAGE-324 compared to a 21% reduction in patients receiving placebo. Activities of daily living cores showed a statistically significant correlation with upper limb tremor score at all timepoints. While not powered to fully examine TETRAS ADL, SAGE-324 was numerically superior to placebo at all time points. Reported treatment-emergent adverse events were generally consistent with the safety profile of SAGE-324 to date. "In the design of the KINETIC Study, we set a high bar and believe we exceeded it. SAGE-324 met the primary endpoint in the trial and demonstrated a safety profile generally consistent with previously reported data. The strong correlation observed in this study between TETRAS performance scale - measuring reduction of upper limb tremor, a disabling symptom experienced by more than 90% of people suffering from essential tremor -- and improvement on the ADL score provides suggestive evidence that these findings have the potential to be truly impactful for people with essential tremor," said Barry Greene, chief executive officer at Sage Therapeutics. "We believe the data announced today provide clear support and insights for the continued development of SAGE-324 in an area of significant unmet medical need. People with brain health disorders have been conditioned to accept the status quo due to limited innovation or the lack of truly transformative medicines in recent years - and that's certainly been the case with essential tremor. However, at Sage, we believe that people suffering from brain health disorders deserve better and we aim to help achieve that."
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DPZ | Hot Stocks07:08 EDT Domino's Pizza, Nuro launch autonomous pizza delivery with on-road robot - Domino's and Nuro are launching autonomous pizza delivery in Houston. Beginning this week, select customers who place a prepaid order on dominos.com on certain days and times from Domino's in Woodland Heights, located at 3209 Houston Ave., can choose to have their pizza delivered by Nuro's R2 robot. Nuro's R2 is the first completely autonomous, occupantless on-road delivery vehicle with a regulatory approval by the U.S. Department of Transportation.
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ADMP | Hot Stocks07:07 EDT Adamis Pharmaceuticals plans to resubmit ZIMHI NDA in next 45 days - Adamis Pharmaceuticals provided an update on the status of the company's New Drug Application relating to its ZIMHI high-dose naloxone injection product intended for the treatment of opioid overdose. The company had a Type A meeting with the U.S. Food and Drug Administration to review comments on the additional information provided by the company in response to the FDA's previous Complete Response Letter regarding the NDA, and also to obtain input from the agency concerning the resubmission of the NDA. Adamis believes the meeting was productive and plans to resubmit the NDA for ZIMHI to the FDA within the next 45 days, absent unexpected delays. The FDA did not provide a detailed timeline for review but did indicate that it would attempt to work in an expeditious manner, acknowledging that the country is in an opioid crisis. In November 2020, the company received a CRL from the FDA regarding the NDA for Adamis' ZIMHI high-dose naloxone injection product intended for the treatment of opioid overdose. Before the Type A meeting, the company provided responses to the issues that the FDA determined must be corrected before the agency can consider approving the NDA.
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AVTR | Hot Stocks07:07 EDT Avantor to acquire Ritter GmbH and affiliates for EUR 890M - Avantor announced that it has entered into a definitive agreement to acquire privately held Ritter GmbH and its affiliates in an all-cash transaction with an upfront equity purchase price of approximately EUR 890 million subject to final adjustments at closing and additional payments based on achieving future business performance milestones. Headquartered in Schwabmunchen, Germany, Ritter is the fastest growing manufacturer of high-quality robotic and liquid handling consumables, including conductive tips engineered to exacting standards. The transaction is expected to be immediately accretive to adjusted earnings per share upon closure and is anticipated to enhance Avantor's revenue growth and margin profile. Avantor expects to finance the all-cash transaction with available cash on hand and use of incremental term loans. The company expects that its adjusted net leverage ratio at closing will approximate 4.1x net debt to pro forma LTM adjusted EBITDA, with rapid deleveraging thereafter. The transaction is expected to be completed in the third quarter, and is subject to customary conditions, including receipt of applicable regulatory approvals.
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CLF | Hot Stocks07:06 EDT Cleveland-Cliffs announces tentative agreement with USW for 53-month contract - Cleveland-Cliffs announced a tentative agreement with the United Steelworkers, or USW, for a new 53-month labor contract that is effective as of April 1. The new contract will cover approximately 300 USW-represented workers. Lourenco Goncalves, chairman, president and CEO, stated, "We are pleased to reach a new labor contract with the USW for our employees at Mansfield Works, one of our several EAF steel mills. As we have done in previous Union contract negotiations, once again the Cliffs' team was able to expeditiously get to a deal that is fair and equitable to both parties." Goncalves added, "Cleveland-Cliffs sees the USW as a very important partner with a lot more in common with our Company than disagreements, and that's why we can get deals done fairly quickly while others often struggle to find common ground with the Union. This agreement provides Cleveland-Cliffs a competitive cost structure for future success, and we look forward to continuing our strong partnership with the USW, providing good paying middle class union jobs to our employees." The agreement is pending ratification by USW local union memberships. No additional details will be released at this time pending ratification.
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IGMS RHHBY | Hot Stocks07:05 EDT IGM Biosciences appoints George Gauthier as chief commercial officer - IGM Biosciences (IGMS) announced the appointment of George Gauthier to the newly created position of Chief Commercial Officer. Gauthier joins IGM with twenty years of experience in global commercial strategy, marketing, sales and product development. Most recently, Gauthier was Vice President of Global Product Strategy for Breast and Gynecological Cancers at Genentech (RHHBY).
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IRTC | Hot Stocks07:05 EDT iRhythm sees Q1 volume growth of 9% vs. 4Q20 - The company estimates that volume for the three months ended March 31, 2021 grew 9% over volume in the fourth quarter of 2020. In addition, the company estimates that the updated Novitas rates when compared to historical 0297T rates will have a negative $13M impact to first quarter 2021 revenue. The first quarter 2021 financial results included in this release are preliminary and therefore subject to change.
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TSHA | Hot Stocks07:05 EDT Taysha Gene Therapies acquires exclusive rights to AAV9 gene therapy program - Taysha Gene Therapies announced the acquisition of exclusive worldwide rights to a clinical-stage AAV9 gene therapy program, now known as TSHA-120, for the treatment of giant axonal neuropathy, or GAN. TSHA-120 is an intrathecally dosed AAV9 gene therapy currently being evaluated in a clinical trial for the treatment of GAN. The trial is being conducted by the National Institutes of Health, or NIH, in close collaboration with a patient advocacy group focused on finding treatments and cures for GAN. TSHA-120 has received rare pediatric disease and orphan drug designations from the FDA for the treatment of GAN. The National Institute of Neurological Disorders and Stroke, or NINDS, division of the NIH is conducting the ongoing open-label, non-randomized, dose-escalation clinical trial of TSHA-120 for the treatment of GAN. The primary endpoint is safety, with secondary endpoints measuring efficacy using pathologic, physiologic, functional, and clinical markers. A primary measure of clinical efficacy is the Motor Function Measure 32 score, a quantitative scale designed to assess the severity and progression of motor function abilities. There is precedent for its use in multiple clinical studies for neuromuscular diseases, including spinal muscular atrophy amongst others. To date, 14 patients have been dosed with one of four dose levels of TSHA-120. TSHA-120 has demonstrated a dose-response relationship with arrest of disease progression at the second-highest dose level (1.8x1014 total vector genomes at one-year post-treatment, affecting a statistically significant eight-point improvement on the MFM32 score. A 4-point change on the MFM32 score is considered clinically meaningful. Six of these patients treated at therapeutic dose levels have shown sustained dose-dependent improvements in MFM32 scores for more than three years. Long-term results demonstrated that treatment with TSHA-120 at multiple dose levels was well-tolerated with no severe drug-related adverse events. Additional data are expected later this year, including results from the highest dose cohort. Before the end of the year, Taysha intends to request an End-of-Phase meeting with the FDA and engage with the European Medicines Agency, or EMA, and the Pharmaceuticals and Medical Devices Agency, or PMDA)in Japan to discuss the regulatory pathway for TSHA-120. Taysha expects to provide a regulatory and clinical update on TSHA-120, including data from the 3.5x1014 total vg cohort by year-end. Under the terms of the agreement, in exchange for granting Taysha the exclusive worldwide rights to TSHA-120, the GAN patient advocacy group will receive an upfront payment of $5.5M and will be eligible to receive clinical, regulatory and commercial milestones totaling up to $19.3M, as well as a low, single-digit royalty on net sales upon commercialization of the product.
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MDT | Hot Stocks07:04 EDT Medtronic says FDA grants de novo clearance for GI Genius endoscopy module - Medtronic announced the U.S. FDA granted de novo clearance for GI Genius intelligent endoscopy module in system using artificial intelligence (AI) to identify colorectal polyps. The module, compatible with any colonoscope video, provides physicians with a powerful new solution in the fight against colorectal cancer - the third most common form of cancer globally with 1.8M new cases in 2018.
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IRTC | Hot Stocks07:04 EDT iRhythm 'disappointed' by MAC Novitas's updated rate publication - iRhythm Technologies commented on the recent publication by Novitas Solutions of rates applicable to the Current Procedural Terminology codes 93243 and 93247. The company also provided commentary on preliminary financial results for its first quarter 2021. On April 10, 2021, Novitas published updated reimbursement rates for codes 93243 and 93247 at $103 and $115, respectively. The updated rates are retroactive to January 1, 2021 and replace rates initially published on January 29, 2021. While these new rates represent an increase from the rates posted on January 29th, iRhythm believes these rates do not appropriately reflect the clinical and economic value that long-term continuous ECG monitoring offers patients, their care teams and the Medicare system. Due to the cost of providing the service relative to the updated rates published by Novitas, iRhythm will not be able to provide its Zio XT service to the Medicare fee for service segment if these rates remain unchanged. Accordingly, iRhythm is preparing an operating plan to discontinue serving this Medicare segment with Zio XT that it expects to begin implementing in the second quarter. The company will continue to work with Novitas and other MACs regarding the clinical and economic value of the Zio XT service. In addition, iRhythm has been engaged with the Centers for Medicare & Medicaid Services regarding establishment of national pricing for these newly established codes and will continue to use this process as the preferred means of establishing appropriate rates that fully recognize the clinical and economic value of long-term continuous ECG monitoring technology. The company has also initiated a broad customer outreach program to encourage users of the Zio XT service to directly engage both Novitas and CMS on the key role that the Zio XT service plays in the effective diagnosis and management of the Medicare patients within their clinical practices. iRhythm has analyzed the impact the updated Novitas rates would have had on full year 2020 reported revenue and gross margin had those rates been in effect in 2020. The updated Novitas rates would have negatively impacted 2020 Medicare revenue by $41.3M and would have decreased 2020 total company revenue from $265.2M to $223.8M, or a decrease of 15.6%. In addition, 2020 total company gross margin would have decreased from 73.5% to 68.6%. For the year ended December 31, 2020, Medicare represented 27% of iRhythm's overall revenue, with a small percentage of that 27% attributable to Zio AT and Zio XT for wear of less than 48 hours, which services are priced nationally and not impacted by the updated Novitas rates.
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FGEN | Hot Stocks07:02 EDT FibroGen receives fast track designation from FDA for pamrevlumab - FibroGen announced that the Food and Drug Administration has granted Fast Track designation for the company's anti-CTGF antibody, pamrevlumab, for the treatment of patients with Duchenne muscular dystrophy, or DMD. This designation follows review of the Phase 2 clinical data from a single-arm trial in non-ambulatory patients with DMD, and represents recognition by the FDA that pamrevlumab has the potential to address an unmet medical need for this disease. Pamrevlumab is currently being evaluated in two Phase 3 trials for the treatment of DMD.
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CRNT | Hot Stocks07:01 EDT Doron Arazi to succeed Ira Palti as CEO of Ceragon Networks - Ceragon Networks announced that its Board of Directors has appointed Doron Arazi, the company's former deputy CEO & CFO, as its CEO from beginning of July. Doron Arazi will be succeeding CEO Ira Palti, effective on the same date. Ira Palti will remain on the Board of Directors of Ceragon and will be appointed as Vice Chairman.
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MYOV PFE | Hot Stocks06:59 EDT Myovant Sciences, Pfizer: First patient dosed in Phase 3 SERENE study - Myovant Sciences (MYOV) and Pfizer (PFE) announced that the first participant has been dosed in the Phase 3 SERENE study evaluating the contraceptive efficacy of relugolix combination tablet in healthy women ages 18-35 years who are at risk for pregnancy.
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UBER | Hot Stocks06:58 EDT Uber says on track to reach quarterly adjusted EBITDA profitability in 2021
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UBER | Hot Stocks06:58 EDT Uber says March 2021 Gross Bookings at highest monthly level in company history - Uber Technologies announced in a regulatory filing that in March 2021 total company Gross Bookings "reached the highest monthly level in the company's nearly 12-year history." The company's Mobility business posted its best month since March 2020, crossing a $30B annualized Gross Bookings run-rate, with average daily Gross Bookings up 9% month-over-month, Uber said. "The company's Delivery business set another all-time record, crossing a $52 billion annualized Gross Bookings run-rate in March, growing more than 150% year-over-year. As vaccination rates increase in the United States, we are observing that consumer demand for Mobility is recovering faster than driver availability, and consumer demand for Delivery continues to exceed courier availability. On April 7, Uber announced that it is increasing investments in driver incentives to improve driver availability in the near-term. We continue to believe that Uber is on track to reach quarterly Adjusted EBITDA profitability in 2021," the company stated in its filing.
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LLY | Hot Stocks06:48 EDT Eli Lilly modifies bamlanivimab purchase agreement with U.S. government - Eli Lilly announced changes to the purchase agreements with the U.S. government for its neutralizing antibody therapies authorized for emergency use as a treatment for COVID-19. As part of Lilly's planned transition to only supply bamlanivimab and etesevimab together, Lilly and the U.S. government have agreed to modify the purchase agreement of bamlanivimab alone and focus on supply of bamlanivimab and etesevimab together. Additionally, the bamlanivimab and etesevimab agreement has been modified to enable the supply of etesevimab to complement doses of bamlanivimab the U.S. government already purchased, some of which have already been delivered to sites of care. This terminates the purchase agreement for bamlanivimab alone and cancels the remaining 350,856 doses that were scheduled to be delivered by the end of March. Lilly's bamlanivimab was the first neutralizing monoclonal antibody to receive emergency use authorization from the FDA. Lilly subsequently developed bamlanivimab and etesevimab for administration together, in order to meet the potential challenge of SARS-CoV-2 variants likely to resist treatment with either monoclonal antibody used alone.
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BCTX | Hot Stocks06:38 EDT BriaCell presents results from studies of Bria-IMT at AACR - Clinical and pathological data presented from the clinical trials of Bria-IMT alone and in combination with immune checkpoint inhibitors in advanced breast cancer indicates high responding subset with protracted progression-free survival: Data suggests a link with cancer grade, disease control, and progression-free-survival in patients treated with Bria-IMT. Highest rate of disease control and longest progression free survival were observed in patients with Grade I/II tumors. Median overall survival of 12.5 months in patients with Grade I/II tumors versus 7.2-9.8 months in a recent study of third line breast cancer.
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AFMD | Hot Stocks06:35 EDT Affimed highlights potential of Innate Cell Engager AFM24 at AACR - Affimed announces pre-clinical data on its Innate Cell Engager AFM24 as monotherapy and in combination with adoptively transferred NK cells at the American Association for Cancer Research Virtual Annual Meeting. AFM24, an EGFR/CD16A-binding ICE, mediates antibody-dependent cellular cytotoxicity and antibody-dependent cellular phagocytosis and has the potential to overcome toxicity and resistance hurdles associated with current EGFR signaling inhibitors through its differentiated mechanism of action. AFM24 induces NK cell-mediated ADCC against EGFR-expressing tumor cells even in the presence of competing IgG and can induce potent cell killing in tumors independent of KRAS mutations. In addition, data from a xenograft mouse model demonstrate that AFM24 in combination with adoptively transferred NK cells results in dose-dependent tumor regression. "AFM24's novel mechanism of action is independent of EGFR signaling and has the potential to change the treatment paradigm for EGFR-expressing solid tumors," said Dr. Arndt Schottelius, Affimed's Chief Scientific Officer. "Demonstrating that AFM24, in combination with NK cells, shows tumor regression in vivo is an important pre-clinical proof of concept. Combination therapies with NK cells could broaden the potential AFM24 opportunities to treat a range of EGFR-expressing malignancies."
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BXS CADE | Hot Stocks06:35 EDT BancorpSouth, Cadence Bancorp announce all-stock merger agreement - BancorpSouth (BXS) and Cadence Bancorp (CADE) jointly announced that they have entered into a merger agreement under which the companies will combine in an all-stock merger with a total market value of more than $6B. Under the terms of the merger agreement, which was unanimously approved by the boards of both companies, Cadence shareholders will receive 0.70 shares of BXS for each share of CADE they own. Additionally, the agreement allows for a one-time special cash dividend to CADE shareholders of $1.25 per share in conjunction with the closing of the merger. BancorpSouth shareholders will own approximately 55% and Cadence shareholders will own approximately 45% of the combined company. The company will combine the aesthetics of both brands and logos and operate as Cadence Bank. The bank will have dual headquarters in Tupelo, Mississippi and Houston, Texas, with operations centers in Tupelo and Birmingham, Aalabama as well as specialty sites in Macon, Georgia; Starkville, Mississippi and Houston, Texas. Dan Rollins will be the chairman and CEO and Paul Murphy will serve as executive vice chairman of the combined company. The board of directors will initially be comprised of 20 directors,11 from BancorpSouth and nine from Cadence. The transaction is expected to be 17% accretive to each of BancorpSouth's and Cadence's earnings per share in 2022 and 14% if 75% of cost savings are realized. The transaction is also expected to be immediately accretive to tangible book value per share at close. The merger is expected to close in Q4, subject to the satisfaction of customary closing conditions, including the receipt of customary regulatory approvals and approvals of shareholders of each company.
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KXIN | Hot Stocks06:33 EDT Kaixin Auto announces cooperation agreement between Haitaoche, Jingdong - Kaixin Auto announced that Haitaoche Limited has signed into a cooperation agreement with Jingdong Century Trade Limited, an online retail platform in China to tap into China's fast-growing e-commerce auto market. Kaixin entered into a definitive share purchase agreement with the shareholders of Haitaoche on December 31, 2020, pursuant to which Kaixin will acquire 100% of the share capital of Haitaoche from the shareholders of Haitaoche. According to the terms of the Cooperation Agreement, Haitaoche aims to gain access to China's fast-growing e-commerce auto sales market and tap into diversified revenue source and growth opportunities by leveraging its resources and expertise in consumer vehicle sales and full range of value-added services. Both parties aim to achieve a total sale of $308M worth of Haitaoche consumer vehicles on the Jingdong platform, and the volume of sales will then increase by at least 50% annually during a three-year period. The total sales of the Cooperation Agreement is approximately $1.4B.
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SPI | Hot Stocks06:22 EDT SPI Energy to acquire 6.5MW Solar PV, 5.45MWh energy storage project - SPI Energy announced, through its wholly-owned subsidiary SPI Solar, the execution of a definitive agreement to acquire the MA Lovers Lane 6.5 megawatt, or MW, solar photovoltaic, or PV, and 5.45 megawatt hour, or MWh, energy storage project in Massachusetts from a third-party developer. The project will sell power through Massachusetts' SMART program and will provide community solar subscriptions to national grid customers. The project is expected to come online in 2022. This acquisition expands SPI's community solar project business, and when complete, SPI will have community solar offerings in Oregon and Massachusetts.
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MOSY | Hot Stocks06:19 EDT MoSys acquires five patents related to search, classification algorithms - MoSys announced that it has expanded its patent portfolio though the purchase of five patents in the area of search and classification algorithms. MoSys's stellar packet classification IP utilizes search and classification algorithms to deliver networking search or data processing solutions for cloud infrastructure applications, such as routing, 5G UPF, SDN, NFV, load balancing, processor offload and security. The MoSys stellar packet classification IP is based on MoSys's proprietary graph memory engine, or GME, technology to accelerate packet classification applications. The MoSys stellar packet classification IP is being designed to support a wide range of silicon, SmartNICs and SmartSwitches.
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KBR BAESY | Hot Stocks06:16 EDT KBR announces new $470M UK Ministry of Defence contract - KBR (KBR) is expanding its presence in the UK naval defense sector with a new five year $470M contract to bring transformational change to the delivery of infrastructure services at HM Naval Base Portsmouth. KBR, working in a joint venture with BAE Systems (BAESY), under the name KBS Maritime, will deliver change to the Portsmouth base, securing investment in the local community and ensuring fit-for-purpose support for the Royal Navy over the next five years.
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VEOEY SZEVF | Hot Stocks06:14 EDT Veolia, Suez reach agreement on merger - Veolia (VEOEY) and Suez (SZEVF) announce that their respective boards of directors reached an agreement in principle last night on the key terms and conditions of the merger between the two groups. The two groups have agreed on a price of EUR 20.50 per Suez share subject to the signature of the Combination Agreement. Subject to obtaining a fairness opinion in accordance with applicable regulations, this offer would be recommended by the Board of Directors of Suez upon signature of the definitive agreements. The agreement would allow : the creation of a new Suez made up of assets forming a coherent and sustainable group from an industrial and social standpoint, with real growth potential, with revenues of around EUR 7 billion. The implementation of Veolia's plan to create a global champion of ecological transformation, with revenues of around EUR 37 billion, through the Suez takeover bid, in which all the strategic assets identified by Veolia will remain. This agreement in principle also provides for : The termination of the agreements with Cleanaway in accordance with their terms concerning the disposal of the assets in Australia and the suspension of any other significant disposal, which allows Veolia to acquire in particular all the assets designated as strategic in its draft offer document filed on February 8 with the Autorite des marches financiers. The two groups have agreed to enter into definitive merger agreements by May 14.
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PT | Hot Stocks06:13 EDT Pintec Technology to acquire JST in all-stock transaction - Pintec Technology announced that it has entered into an agreement to acquire all of the equity interest in Shenzhen Jishengtai Technology, or JST, a securities technology firm based in Shenzhen, China. JST internally designs and fully implements an end-to-end broker supplied system, or BSS, for automatic order matching and execution of securities trading, which is the core backbone system of Riche Bright Securities, a Hong Kong securities brokerage firm that Pintec recently acquired. In connection with the acquisition, Pintec agreed to issue certain non-voting ordinary shares to JST's original shareholders as the consideration for the sale of JST's equity interest. The consideration shares will consist of a fixed base of 38,098,200 shares and an additional maximum of 45,098,200 shares, which is subject to downward adjustment based on certain performance target on RB. The consideration shares will be issued in reliance upon an exemption or exclusion from the registration requirement under Section 5 of the Securities Act of 1933, as amended. The transaction is subject to the completion of the requisite corporate and other approvals and customary closing conditions. There can be no assurance that the transaction will be consummated in a timely manner, at all.
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CLVT CERN | Hot Stocks06:09 EDT Clarivate appoints Julie Wilson as chief people officer - Clarivate (CLVT) announced the appointment of Julie Wilson as chief people officer, or CPO. She replaces Andrea Degutis who retires after four years at the helm of Clarivate Human Resources. Prior to joining Clarivate, Julie had been chief people officer for Cerner (CERN).
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AZN | Hot Stocks06:09 EDT AstraZeneca's DARE-19 ph.3 trial of Farxiga in COVID-19 failed primary endpoint - The company states: "AstraZeneca and Saint Luke's Mid America Heart Institute today announced high-level results of the primary analysis from the DARE-19 Phase III trial assessing the potential of Farxiga to treat patients hospitalised with COVID-19 who are at risk of developing serious complications. The trial did not achieve statistical significance for the primary endpoint of prevention measuring organ dysfunction and all-cause mortality, and the primary endpoint of recovery measuring a change in clinical status, at 30 days. DARE-19 was the first Phase III trial to evaluate the safety and efficacy of a sodium-glucose co-transporter-2 inhibitor in patients hospitalised with COVID-19 who also have risk factors for developing serious complications, including hypertension, type-2 diabetes, atherosclerotic cardiovascular disease, heart failure or chronic kidney disease Stages 3-4. Cardiac, renal and metabolic comorbidities have been associated with poor outcomes and death in patients hospitalised with COVID-19." Reference Link
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CRDF | Hot Stocks06:06 EDT Cardiff Oncology announces data from onvansertib trial - Cardiff Oncology announced data from its ongoing Phase 1b/2 trial that demonstrate the patient response to treatment with onvansertib and progression-free survival when combined with standard-of-care therapy in second line KRAS-mutated metastatic colorectal cancer, or mCRC. Patients enrolled in the ongoing Phase 1b/2 trial receive onvansertib in combination with standard-of-care FOLFIRI and Avastin. The overall response rate, or ORR in the trial is 39% to-date, and onvansertib in combination with FOLFIRI/bevacizumab has been well tolerated with no major or unexpected toxicities attributed to onvansertib. The median progression free survival, or mPFS, of evaluable patients is 9.4 months. This represents an increase over the mPFS observed in a systematic literature-based analysis of second line mCRC clinical trial data from 23 randomized trials including a total of approximately 10,800 patients and the 5.7-month mPFS observed in the pivotal trial that supported the regulatory approval of FOLFIRI plus bevacizumab in second line mCRC. Overall, seven of 18 evaluable patients achieved a partial response, or PR; four patients had a confirmed PR with one patient going on to curative surgery; one patient with a non-confirmed PR went off study following PR prior to confirmatory scan due to a treatment-unrelated adverse event; two patients with non-confirmed PRs await results from confirmatory scans. Evaluable patients have a mPFS of 9.4 months. Seven patients remain on treatment to-date. Clinical responses were observed across different KRAS mutations, including the three most common in colorectal cancer. The greatest decreases in plasma KRAS mutant allelic frequency, or MAF, after one cycle of treatment were observed in patients achieving a PR. All seven patients with a PR had a greater than 75% decrease in KRAS MAF after one cycle of treatment. Onvansertib in combination with FOLFIRI/bevacizumab has been well tolerated with no major or unexpected toxicities attributed to onvansertib.
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CYBE | Hot Stocks06:04 EDT Cyberoptics receives $1.8M order for 3D MX3000 systems - CyberOptics announced that it has received another new order from a recurring customer valued at $1.8M for its MX3000 memory module inspection systems, powered by Multi-Reflection Suppression sensors. These final vision inspection systems are expected to be recognized as revenue in the second half of 2021.
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ANGO | Hot Stocks06:03 EDT AngioDynamics submits 510(k) application to FDA for AlphaVac System - AngioDynamics announced that on April 9, it submitted a 510(k) application to the United States FDA for the AlphaVac System, an off-circuit, multi-purpose mechanical aspiration thrombectomy device for the treatment of undesirable intravascular material in the venous system and peripheral vasculature. AngioDynamics anticipates the release of the AlphaVac System in the second half of calendar year 2021, subject to FDA clearance.
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GTE | Hot Stocks06:02 EDT Gran Tierra reaffirms FY21 production view 28,000-30,000 bopd - Gary Guidry, President and CEO of Gran Tierra, commented: "At the beginning of the fourth quarter of 2020, we decided to hedge 15,000 bopd of first half 2021 production and to resume development operations across all of our major assets. Throughout the first quarter of 2021, we have significantly and profitably restored Gran Tierra's total production. Our ability to ramp up Gran Tierra's production to the highest level in over a year clearly demonstrates our team's success at optimizing our core oil fields under waterflood, while preserving and maximizing the long-term value of all of our assets. Based on our significant progress in increasing production during the first quarter of 2021, we reaffirm Gran Tierra's 2021 full-year production guidance of 28,000-30,000 bopd. Our 2021 capital budget of $130-150 million remains a balanced, returns-focused program which prioritizes free cash flow generation and debt reduction. If Brent oil prices continue to be well above our original 2021 budget forecast of $49 per bbl, we plan to further accelerate debt reduction through the remainder of 2021. We also continue to advance exploration-related activities for our prioritized, high impact exploration program and we expect to increase activity in 2022. Our teams in Colombia, Canada and Ecuador have done an excellent job by safely and effectively executing our development program during the many challenges faced by Gran Tierra and our industry in 2020 and 2021. The health and safety of our people and all of our stakeholders where we operate will continue to be a focus in 2021 through our industry-leading COVID-19 safety practices and protocols. In addition, our 'Beyond Compliance Philosophy and Policy' continues. Where Gran Tierra identifies significant opportunities and benefits to the environment and communities, we voluntarily strive to go beyond what is legally required to protect the environment and provide social benefits, because it is the right thing to do."
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IRTC | Hot Stocks05:57 EDT iRhythm drops 25% to $99.66 after Novitas cuts reimbursement rates
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IRTC | Hot Stocks05:53 EDT iRhythm announces updated CPT rates from Novitas Solutions - iRhythm Technologies announced that on April 10, Novitas Solutions published updated reimbursement rates applicable to the Current Procedural Terminology codes 93243 and 93247 at $103 and $115, respectively. The updated rates are retroactive to January 1, and replace rates initially published on January 29. iRhythm said it "is assessing the impact" of the updated Novitas rates on its business and will provide comments on a conference call on April 12.
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NTP | Hot Stocks05:39 EDT Nam Tai Property shareholder announces ISS, Glass Lewis recommendation - IsZo Capital Management, which beneficially owns approximately 13% of the outstanding shares of Nam Tai Property, announced that independent proxy advisory firms Institutional Shareholder Services, or ISS, and Glass Lewis have recommended that Nam Tai shareholders vote for boardroom change on IsZo's green proxy card. The court-ordered meeting of Nam Tai shareholders is scheduled to take place on April 26. IsZo Capital Management said, "The special meeting will provide shareholders the opportunity to reconstitute the Company's current six-member Board of Directors by removing four of the incumbent directors - who were recently found to have breached their fiduciary duties by the Eastern Caribbean Supreme Court - and installing IsZo's diverse, ethical and experienced slate: Michael Cricenti, Cindy Chen Delano, Bo Hu, Louis Leung, Paula J. Poskon and Jeffrey Tuder. Please note that IsZo is not seeking to remove incumbent directors Peter R. Kellogg or Mark Waslen (who did not breach their fiduciary duties)." In particular, ISS recommends for the election of Cricenti, Hu and Leung and the removal of incumbent directors Aiping Lyu, Si Zong Wu and Wing Yan Lo. Glass Lewis recommends for the election of Hu and Leung and the removal of Wu and Lo. Brian Sheehy, founder and managing member of IsZo, commented: "IsZo appreciates that ISS and Glass Lewis are recommending shareholders vote on the GREEN Proxy Card to effect sorely-needed change atop Nam Tai. Although it appears both advisory firms failed to grasp the full extent of the targeted directors' egregious conduct to benefit Kaisa at the expense of all other shareholders and overlooked the need for gender diversity in Nam Tai's all-male boardroom, their reports clearly highlight that the four directors we are seeking to remove were found to have breached their fiduciary duties in connection with Nam Tai's now-voided $170 million private placement. The reports also make it abundantly clear that the incumbents have presided over appalling corporate governance that cannot be allowed to continue. With this context in mind, IsZo urges shareholders to go a step further than ISS and Glass Lewis by voting to elect our full six-member slate, which has the integrity and strategic vision to unlock the intrinsic value of Nam Tai's portfolio."
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WWE | Hot Stocks05:34 EDT WWE announces second consecutive sell-out night at WrestleMania in Florida - For the second consecutive night, a sell-out of 25,675 fans attended WrestleMania at Raymond James Stadium in Tampa Bay, Florida with millions more watching at home on Peacock in the U.S. and on WWE Network around the world. Two sell outs with a combined 51,350 fans attended both nights of WrestleMania at Raymond James Stadium. Next year's WrestleMania will take place on Sunday, April 3, 2022 at AT&T Stadium in Arlington/Dallas. Ticket information will be announced later this year.
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WKEY | Hot Stocks05:31 EDT WISeKey increases semiconductor manufacturing capabilities amid high demand - WISeKey announced it is investing in its supply chain transformation in an effort to better and faster serve its customers. The company is simultaneously impacted by the current semiconductor shortage situation and a growing order backlog. The company said, "While most industries are dramatically impacted by the current semiconductor shortage, market analysts predict the same situation will continue into 2022. According to experts, this shortage is the combination of several factors. The global consumer demand dropped during the beginning of the COVID-19 pandemic and the semiconductor industry had to significantly reduce its manufacturing capacity to mitigate consequences on profitability; however, the worldwide lockdown had an unforecastable positive effect on the high-tech products market: tons of new laptops, monitors, smartphones, routers, modems and gaming consoles have created a surge in chips across industries that low inventory and limited production capacities haven't been able to resorb. Billions of WISeKey's secure chips are embedded in high-tech products and goods to protect data, communication and firmware against cyberattacks. This includes routers, modems, energy smart meters, drones and medical devices, to mention a few. As a fabless company, WISeKey trust a network of subcontractors and partners to provide its most prestigious customers with the best leadtimes and service. While the Company's book-to-bill ratio is exploding, it has to challenge its existing supply chain and find short and long term solutions to maintain and even continue to raise the bar on service quality. These solutions involve continuous negotiations with current suppliers and investments to diversify sourcing, including relocating some of the processes to minimize transportation and environmental effects."
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REGN | Hot Stocks05:28 EDT Regeneron announces second REGEN-COV trial meets primary endpoint - Regeneron announced data from a Phase 3 trial of recently infected asymptomatic COVID-19 patients, evaluating REGEN-COV 1,200 mg administered via subcutaneous, or SC, administration. REGEN-COV reduced the overall risk of progressing to symptomatic COVID-19 by 31% and by 76% after the third day. The trial also demonstrated that REGEN-COV shortened symptom duration and markedly reduced viral levels. The Phase 3 trial is the second to report results, which was jointly run with the National Institute of Allergy and Infectious Diseases, or NIAID, part of the National Institutes of Health, or NIH. The trial enrolled 204 individuals without any COVID-19 symptoms who tested positive for SARS-CoV-2 but did not have anti-virus antibodies at baseline, and were randomized to receive either one dose of REGEN-COV or placebo. The trial met all primary and key secondary endpoints. In addition to reducing the risk of symptomatic infections, the total number of weeks patients experienced symptoms was nearly cut in half with REGEN-COV, and the viral burden was reduced by more than 90%. While not included in the initial analysis plan, researchers also found that zero REGEN-COV patients and six placebo patients were either hospitalized or visited the emergency room because of COVID-19 during the 29-day efficacy assessment period. The data build on previously announced results from the Phase 3 outcomes and Phase 2 virology trials in non-hospitalized COVID-19 patients. The Phase 3 outcomes trial in high-risk symptomatic outpatients showed that REGEN-COV reduced hospitalization or death by 70%. The Phase 2 virology trial in low-risk outpatients showed that all REGEN-COV doses studied had similar efficacy in rapidly reducing viral load. Adverse events, or AEs, occurred in 34% of REGEN-COV patients and 48% of placebo patients, and serious AEs occurred in 0% of REGEN-COV and 3% of placebo patients. Injection site reactions, all of which were grades 1-2, occurred in 4% of REGEN-COV and 1% of placebo patients. No patients from either group withdrew from the trial due to AEs, and there were no deaths. REGEN-COV continues to be evaluated in clinical trials in multiple settings for COVID-19: for the prevention of COVID-19 in household contacts of infected individuals, and in non-hospitalized and certain hospitalized patients, including the open-label RECOVERY trial of hospitalized patients in the UK. As of April, more than 25,000 people have participated in clinical trials involving REGEN-COV.
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REGN | Hot Stocks05:24 EDT Regeneron announces REGEN-COV trial meets primary, secondary endpoints - Regeneron announced results from a Phase 3 trial assessing the ability of REGEN-COV to reduce the risk and burden of COVID-19 infection among household contacts of SARS-CoV-2 infected individuals. The trial, which was jointly run with the National Institute of Allergy and Infectious Diseases, or NIAID, part of the National Institutes of Health, or NIH, met its primary and key secondary endpoints, showing that REGEN-COV 1,200 mg administered subcutaneously, or SC, reduced the risk of symptomatic infections by 81% in those who were not infected when they entered the trial. The Phase 3, double-blind, placebo-controlled trial assessed the effect of REGEN-COV on uninfected individuals without anti-SARS-CoV-2 antibodies or any COVID-19 symptoms, who lived in the same household as an individual who tested positive for SARS-CoV-2 within the prior four days. The trial enrolled 1,505 people who were not infected with SARS-CoV-2 at baseline and randomized to receive either 1 dose of REGEN-COV or placebo, administered as SC injections. On average, individuals treated with REGEN-COV who experienced a symptomatic infection resolved their symptoms in one week, compared to three weeks with placebo. Infected individuals also cleared the virus faster with REGEN-COV. Adverse events, or AEs, occurred in 20% of REGEN-COV participants and 29% of placebo participants, and serious AEs occurred in 1% of REGEN-COV and 1% of placebo participants. There were zero REGEN-COV and four placebo participants who were either hospitalized or visited the emergency room because of COVID-19 during the 29-day efficacy assessment period. Injection site reactions, all of which were grades 1-2, occurred in 4% of REGEN-COV and 2% of placebo participants. No individuals from either group withdrew from the trial due to AEs, and none of the deaths in the trial were attributed to COVID-19 or study drug. REGEN-COV continues to be evaluated in clinical trials in multiple settings for COVID-19: for the prevention of COVID-19 in household contacts of infected individuals, and in non-hospitalized and certain hospitalized patients, including the open-label RECOVERY trial of hospitalized patients in the UK. As of April, more than 25,000 people have participated in clinical trials involving REGEN-COV.
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WMT DADA | Hot Stocks05:19 EDT Walmart China, Dada Group jointly launch exclusive VIP program - Walmart China (WMT) and Dada Group (DADA) announced that they have expanded their collaboration with a focus on omni-channel consumer digitalization. Specifically, they have jointly launched the exclusive VIP program for customers of Walmart stores on JD Daojia, or JDDJ, the on-demand retail platform of Dada Group. The companies said this is a pioneering effort for Walmart stores to promote its customer digitalization, and for JDDJ to improve targeted digital operations of users. "Customer digitalization is a key part of Walmart China's digital transformation strategy and Walmart China stores aim to provide diversified product offerings and superior shopping experiences for its tens of millions of digital customers, based on optimizing technology innovation and close collaborations with O2O platform, JDDJ focuses on supporting retail partners in digital transformation, promoting digital innovation practices, and further strengthening empowering capabilities and its leading position," the companies noted. In July 2019, Walmart China and Dada Group jointly launched the exclusive VIP service for customers of Walmart stores on JDDJ's platform. As of September 2020, Walmart China made the VIP program available in over 400 stores across China. In the future, Walmart China and Dada Group will further develop omni-channel customers on JDDJ, expand the scale of VIP customers, and increase VIP benefits.
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EGY | Hot Stocks05:14 EDT Vaalco Energy CEO Cary Bounds to leave, George Maxwell to succeed - Vaalco Energy announced that its board of directors has named George Maxwell as CEO effective immediately. Maxwell, who has been a non-executive director of the company since June 2020 and resides in the U.K., will continue to serve as a member of the voard. Cary Bounds who has served as CEO since 2016 will leave Vaalco to pursue other interests. The company also provided details on its newly updated strategy. The company's said its goal is to "continue to be one of the leading independent exploration and production companies in West Africa, with a strategy of achieving significant shareholder returns by maximizing the value of, and free cash flow from, its existing resources, coupled with highly accretive inorganic growth opportunities." The board said it believes that enhancing the company's corporate presence in London, the primary financial and advisory hub for African energy companies, will augment the experience within Vaalco's leadership and complement the Company's supportive equity shareholder base in the U.S. The company intends to open a business development office in London and appoint a permanent CFO who will be based in this new London office. Maxwell expects to split his time equally between Houston and London. Maxwell joined Vaalco's board in June 2020 and has over 25 years of experience in the oil and gas industry, including in both the producing and service/manufacturing arenas. Maxwell founded Eland Oil & Gas in 2009 and served as the company's CEO from September 2014 to December 2019 and as a member of the board of directors from 2009 to 2019, until the company was acquired by Seplat Petroleum Development Company for a value in excess of $500M, in December 2019.
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FSM | Hot Stocks05:05 EDT Fortuna Silver Mines produces 1.9M ounces of silver, 34.555 ounces of gold in Q1 - Fortuna Silver Mines reported production results for Q1 from its three operating mines in Latin America, the San Jose Mine in Mexico, the Caylloma Mine in Peru, and the Lindero Mine in Argentina. The company produced 1,913,755 ounces of silver and 34,555 ounces of gold or 59,736 gold equivalent ounces. Fortuna is on schedule to produce between 6.8M to 7.6M ounces of silver and between 178,000 to 202,000 ounces of gold or between 267,000 to 302,000 ounces gold equivalent in 2021, in accordance with annual production guidance. Fortuna reports silver production of 1,913,755 ounces; a 5% increase over Q1 of 2020. Reports gold production of 34,555 ounces; a 242% increase over Q1 of 2020. Reports lead production of 8,181,355 pounds; a 6% increase over Q1 of 2020. Reports zinc production of 11,968,896 pounds; a 1% increase over Q1 of 2020.
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