Stockwinners Market Radar for July 01, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
JNJ | Hot Stocks20:07 EDT J&J says single-shot COVID vaccine responded 'strongly' to Delta variant - Johnson & Johnson "announced data that demonstrated its single-shot COVID-19 vaccine generated strong, persistent activity against the rapidly spreading Delta variant and other highly prevalent SARS-CoV-2 viral variants. In addition, the data showed that the durability of the immune response lasted through at least eight months, the length of time evaluated to date. The two preprint study summaries have been submitted today to bioRxiv. A preprint submitted by the Company today to bioRxiv contains a new analysis from blood samples obtained from a subset of participant in the Phase 3 ENSEMBLE study. These data showed that the Johnson & Johnson single-shot COVID-19 vaccine elicited neutralizing antibody activity against the Delta variant at an even higher level than what was recently observed for the Beta variant in South Africa where high efficacy against severe/critical disease was demonstrated. In the ENSEMBLE trial, Johnson & Johnson's single-dose COVID-19 vaccine was 85% effective against severe/critical disease and demonstrated protection against hospitalization and death. The vaccine was consistently effective across all regions studied globally, including in South Africa and Brazil, where there was a high prevalence of rapidly emerging Beta and Zeta variants during the study period."
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ITRM | Hot Stocks19:00 EDT Iterum Therapeutics PLC trading resumes
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SPCE | Hot Stocks18:36 EDT Virgin Galactic extending afterhours gains, up 18% after spaceflight news
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ITRM | Hot Stocks18:31 EDT Iterum says FDA identifies deficiencies as part of NDA review - Iterum Therapeutics announced that the company received a letter from the U.S. Food and Drug Administration stating that, as part of their ongoing review of the company's New Drug Application for sulopenem etzadroxil/probenecid, the agency has identified deficiencies that preclude the continuation of the discussion of labeling and post marketing requirements/commitments at this time. No details with respect to deficiencies were disclosed by the FDA in this notification and the letter further states that the notification does not reflect a final decision on the information under review. In a letter to the company dated January 21, 2021, the FDA had assigned a Prescription Drug User Fee Act goal date of July 25, 2021 for completion of its review of the NDA. The company intends to work with the FDA to understand the nature of the deficiencies and resolve them as quickly as possible. "While we are disappointed by this news, we continue to believe in the potential of sulopenem to help address the growing challenge of antibiotic resistance," said Corey Fishman, Chief Executive Officer of Iterum Therapeutics. "Our goal now is to work with the FDA to identify and resolve the issues as expeditiously as possible in order to continue advancing this much needed antibiotic."
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GPRK | Hot Stocks18:27 EDT GeoPark reports production, operations update in Colombia - GeoPark provided a production and operations update related to its properties in Colombia. As announced on May 17 and June 1, extensive protests and demonstrations across Colombia affected overall logistics and supply chains, restricting GeoPark's crude oil transportation, drilling and the mobilization of personnel, equipment and supplies in the Llanos 34, CPO-5 and Platanillo blocks. These events caused the company to manage production curtailments beginning May 8. Overall conditions continued improving during June in the Llanos basin with the Llanos 34 and CPO-5 blocks increasing production to normal levels. Remaining blockades restricting the Company's operations in the Putumayo basin were lifted last week, thus allowing GeoPark to resume production in the Platanillo block, that was shut in since May 12. Drilling and field operations are also in full activity with four drilling rigs (three of them operated) and two workover rigs in service in the Llanos basin - as well as with facilities expansion and construction underway. GeoPark's consolidated oil and gas production is currently at 38,000-39,000 boepd, compared to an average production of 38,131 boepd in 1Q2021. Even with the protest-driven curtailments, the Company's consolidated oil and gas production is expected to average approximately 36,500 boepd in 2Q2021. More detailed information on production and the work program will be provided in the upcoming 2Q2021 operational update to be released in mid-July. Since the start of the demonstrations, GeoPark has successfully planned and implemented a wide range of alternative logistics to minimize curtailments, accelerate the resumption of drilling and maintenance activities and provide continued support to field teams and local communities.
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ITRM | Hot Stocks18:25 EDT Iterum Therapeutics PLC trading halted, news pending
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FOCS | Hot Stocks18:24 EDT Focus Financial adds Sonora Investment as partner firm - Focus Financial announced that Sonora Investment Management, an Arizona-based registered investment adviser with offices in Phoenix and Tucson, has entered into an agreement to join the Focus partnership. The transaction is expected to close in Q3, subject to customary closing conditions. Founded more than thirty years ago, Sonora provides comprehensive investment and wealth management services to a national client base of predominantly high net worth individuals and families.
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SPCE | Hot Stocks18:18 EDT Virgin Galactic up over 2% at $44.18 after announcing first crewed spaceflight
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SPCE | Hot Stocks18:17 EDT Virgin Galactic founder to be part of first fully crewed spaceflight - The company states: "Virgin Galactic announced that the flight window for the next rocket-powered test flight of its SpaceShipTwo Unity opens July 11, pending weather and technical checks. The "Unity 22" mission will be the twenty-second flight test for VSS Unity and the Company's fourth crewed spaceflight. It will also be the first to carry a full crew of two pilots and four mission specialists in the cabin, including the Company's founder, Sir Richard Branson, who will be testing the private astronaut experience."
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CYDY | Hot Stocks18:08 EDT CytoDyn submits dose justification report to FDA over BLA for HIV - CytoDyn announced it has submitted a dose justification report to the U.S. Food and Drug Administration, which will be followed by an official submission to CytoDyn's IND. This is an integral step in the resubmission process for the Biologics License Application for HIV patients with multiple resistance to current standard of care. The dose justification report is a key component for the BLA and includes receptor occupancy analysis, among other factors, to determine the optimal marketed dose for leronlimab. Following FDA feedback on this critical step, CytoDyn will begin submission of BLA modules by specified timelines in accordance with FDA guidance and approval. Chris Recknor, M.D., CytoDyn's Chief Operating Officer and Head of Clinical Development, commented, "Our team has done a great job and remains focused on the goal of a BLA for HIV. We have a great molecule with many opportunities being evaluated in parallel to the BLA, including COVID, NASH and Oncology. We are on track for the top line report for the COVID-19 long-haulers symptoms/biomarker trial and will soon start two COVID-19 trials in Brazil. Our Phase 2 NASH trial has enrolled the 60th patient on schedule. We are working on our CCR5 solid tumor cancers basket trial and our triple-negative breast cancer dose escalation portion is completed with the main trial beginning in July. We are very excited about all we have ahead of us this year."
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GPRK | Hot Stocks18:02 EDT Former GeoPark chairman says board resorting to 'campaign of misinformation' - Gerald O'Shaughnessy, the co-founder, former Chairman and second largest shareholder of GeoPark Limited, issued a statement "setting the record straight" regarding 'numerous false claims, mischaracterizations and attempts to distract shareholders" published by GeoPark's Board of Directors: "It is disappointing that the current GeoPark Board has resorted to a campaign of misinformation instead of engaging in an honest debate around what really matters: how best to ensure the future success of the Company and maximizing returns for all its shareholders. It is extremely telling that in the more than 40 pages of material published by the Board today, not once do they address the strategic inflection point and future challenges GeoPark is facing." The former chairman refuted the claim that pledging his shares was part of the rationale for his removal from the board, adding that any discussion he had with potential third parties was at the request of his fellow directors.
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CPRT | Hot Stocks17:54 EDT Copart CEO sells 300K shares of common stock - In a regulatory filing, Copart disclosed that its CEO Jayson Adair sold 300K shares of common stock in a total transaction size of $40M.
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ATGE... | Hot Stocks17:19 EDT Adtalem Global Education to replace Boston Private Financial in S&P 600 on 7/7 - SVB Financial Group (SIVB) completed its acquisition of Boston Private Financial Holdings (BPFH) on 7/1.
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CRNC ATGE | Hot Stocks17:17 EDT Cerence to replace Adtalem Global Education in S&P 400 at open on 7/7
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CBU | Hot Stocks17:17 EDT Community Bank System acquires Fringe Benefits Design of Minnesota - Community Bank System acquired Fringe Benefits Design of Minnesota, a provider of retirement plan administration and benefit consulting services with offices in Minnesota and South Dakota. FBD will become a subsidiary of Benefit Plans Administrative Services, a wholly-owned subsidiary of Community Bank System. The acquisition of FBD is expected to give BPAS a profile of over $110M in annual revenues, administration of more than 510,000 retirement plan participant accounts, 4,200 employer clients, approximately $13B in defined contribution plan assets on its daily valuation system, and approximately $110B of total assets in trust.
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RTX | Hot Stocks17:14 EDT Raytheon Technologies awarded $2B Air Force contract - Raytheon has been awarded an approximately $2B cost-plus-fixed-fee with performance incentives contract for the engineering and manufacturing development, or EMD, phase of the Long Range Standoff, or LRSO, Weapon System. During the EMD phase, manufacturing processes will continue to mature and the manufacturing environment will be demonstrated and transitioned to a pilot line readiness state. The objective at the end of EMD is to demonstrate full production readiness. Work will be performed in Tucson, Arizona, and is expected to be completed February 2027. This contract is the result of a sole-source acquisition. FY21 research, development, test and evaluation funds are being obligated at the time of award. Air Force Nuclear Weapons Center is the contracting activity.
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APO | Hot Stocks17:12 EDT Apollo Global to acquire 24.9% minority stake in Motive's management company - Apollo Global and Motive Partners "announced a strategic and financial partnership to capitalize on significant technological transformation and innovation in financial services. The partnership aims to enhance investment opportunities for clients and accelerate growth of both platforms. Terms of the transaction were not disclosed. As part of the strategic partnership, Apollo will acquire up to a 24.9% minority stake in Motive's management company and Apollo and its affiliates will become limited partners in Motive managed vehicles. These commitments enhance Motive's ability to execute on its differentiated investment strategy within financial technology, with an increased ability to transact on its proprietary pipeline."
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LH AMGN | Hot Stocks17:05 EDT LabCorp launches companion diagnostic for Amgen's lung cancer therapy - The company states: "Labcorp (LH) announced the availability of therascreen KRAS PCR Mutation Analysis, a companion diagnostic to identify patients with non-small cell lung cancer who are eligible for treatment with LUMAKRAS, a new treatment option developed by Amgen (AMGN). The therapy and this indicated use of the test as a companion diagnostic received approval from the FDA in late May 2021. The therascreen KRAS PCR Mutation Analysis is now available for ordering from Labcorp to determine if patients carry a specific mutation in the KRAS gene."
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LH | Hot Stocks17:05 EDT LabCorp launches companion diagnostic for Amgen's lung cancer therapy - The company states: "Labcorp announced the availability of therascreen KRAS PCR Mutation Analysis, a companion diagnostic to identify patients with non-small cell lung cancer who are eligible for treatment with LUMAKRAS, a new treatment option developed by Amgen. The therapy and this indicated use of the test as a companion diagnostic received approval from the FDA in late May 2021. The therascreen KRAS PCR Mutation Analysis is now available for ordering from Labcorp to determine if patients carry a specific mutation in the KRAS gene."
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OM | Hot Stocks17:04 EDT Outset Medical CFO Rebecca Chambers steps down, Nabeel Ahmed named Interim CFO - Outset Medical CFO Rebecca Chambers will step down from her position to pursue other opportunities, effective July 16. Nabeel Ahmed, current VP, Finance, has been named Interim CFO effective upon Chambers' departure. Nabeel joined Outset in May 2020 as the company's VP, Controller. Prior to joining the company, Nabeel served as VP, Finance at 8x8, and as VP, Finance at Vocera Communications.
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WAFD | Hot Stocks17:00 EDT Washington Federal names Stephen Graham next chairman of the board - Washington Federal, Inc. announced its board succession planning and the expected timeframes. Two directors, Chair Thomas Kelley and Dr. Barbara Smith, will not be nominated for re-election to the board in January 2022, consistent with the company's director retirement policy. In anticipation of this transition, the board is pleased to announce that Director Stephen Graham will be appointed Chairman of the Board following the January 2022 annual meeting. Chairman Kelley commented, "We are very pleased with the direction of WaFd Bank and believe that Mr. Graham is uniquely qualified to lead the board as we continue to focus on our transition to a highly profitable, digital-first bank. He brings a deep understanding of the values that have helped the company thrive for more than 100 years, a respect for the role of regulation, and a real world understanding of our opportunity to take market share as industry consolidation accelerates."
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BTC... | Hot Stocks16:44 EDT NBA's Trail Blazers announces crypto platform StormX as jersey patch partner - The National Basketball Association's Portland Trail Blazers and cryptocurrency company StormX announced a significant multi-year jersey patch partnership beginning in the 2021-22 season to include placement of the StormX logo on the Trail Blazers game and practice jerseys. StormX, the Exclusive Blockchain Partner of the Portland Trail Blazers, is a Crypto Cashback provider and Chrome extension aiming to make earning crypto easy and accessible for anyone. "We are extremely excited to have our team wear such a groundbreaking, revolutionary company on the front of our jerseys," said Chris McGowan, President & CEO, Portland Trail Blazers and Rose Quarter. "StormX is a fresh, energetic company with Pacific Northwest roots that can educate and motivate Rip City around cryptocurrency and earning Crypto Cashback. I look forward to taking these next steps together as partners."
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CRWD | Hot Stocks16:44 EDT Crowdstrike CEO Kurtz sells almoss $18M in company shares - Crowdstrike CEO George Kurtz disclosed in a filing that he had sold 69,281 shares of company stock at $253.96 per share on June 29, for a total transaction amount of $17,594,492.
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MDWT | Hot Stocks16:40 EDT Midwest Holding enters into reinsurance relationship with ARIC - Midwest Holding "announced that its subsidiary American Life & Security Corp. has entered into a reinsurance agreement with American Republic Insurance Company, or ARIC, a subsidiary of American Enterprise Group, Inc. Under the terms of the agreement, ARIC will assume an initial 20% quota share of certain Multi-Year Guaranteed Annuity and Fixed-Income Annuity policies issued by ALSC, effective January 1, 2021, up to $100M of premium. The agreement is renewable on an annual basis, subject to potential adjustment of the quota share, up to $100 million of premium per year."
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TATT HON | Hot Stocks16:37 EDT TAT Technologies signs new MRO partnership with Honeywell - TAT Technologies' fully owned subsidiary TAT Piedmont signed an additional new strategic MRO and lease agreement with Honeywell for the maintenance repair and overhaul of Honywell's 131 Series of Auxiliary Power Units. The 131 Series is an APU manufactured by Honeywell and serves the Boeing 737 and Airbus 319/320/321 among other aircraft types.
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IGT | Hot Stocks16:35 EDT International Game to power sports betting at Coushatta Casino Resort, La. - International Game will power sports betting at Coushatta Casino Resort in Kinder, La.. As part of this agreement, IGT will deliver its PlaySports turnkey solution, including its trading advisory services.
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OEC | Hot Stocks16:32 EDT Orion Engineered to raise rubber carbon black prices in EMEA by EUR 110 per ton - Orion Engineered announced that effective August 1, or as permitted by customer contracts, the company is increasing prices on all rubber carbon black products sold in the EMEA region. Due to rising operating, logistics and environmental costs required to maintain service levels, it is necessary to adjust prices for rubber carbon black by an average of EUR 110 per ton. In addition, the service surcharges and payment terms shall be adjusted to reflect these higher costs. The company said this action is required to continue to be a reliable, long-term global supplier of high-quality products and services to our customers as we safely and sustainably manufacture our rubber carbon black products.
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DAC | Hot Stocks16:32 EDT Danaos acquires remaining interest in Gemini Shipholdings - Danaos announced that it has exercised its option to acquire the remaining equity interests in its joint venture Gemini Shipholdings. The purchase price for the 51% of Gemini not already owned by the company is $86.7M in cash, while the net cash outflow for the company will be approximately $72.3M, which is the purchase price net of $14.4M of the Gemini cash balance on June 30. Gemini owns a fleet of five containerships, with an aggregate capacity of 32,531 TEU, each of which is employed on a time charter. Contract coverage for the Gemini vessels stands at 100% for the next 12 months while the weighted average contract duration of the Gemini fleet is 3.8 years, weighted by contracted revenues. Upon completion of the acquisition, the company will own 100% of Gemini and consolidate Gemini within its financial results. The consolidation of Gemini will increase the company's contracted revenue by approximately $160M and the Company's contracted EBITDA by approximately $117M in total. For the next 12 months, all of Gemini's vessels are employed on time charters and expected to contribute contracted EBITDA of $31M through June 30, 2022. Gemini's total debt and net debt, which will be assumed and consolidated by the company, was $45M and $30.6M, respectively, as of June 30.
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WERN | Hot Stocks16:19 EDT Werner acquires 80% ownership stake in ECM Transport Group for $142.4M - Werner announced it has signed a definitive agreement and closed on the acquisition of an 80% equity ownership stake in ECM Transport Group for a purchase price of $142.4M and retains an exclusive option to buy the remaining 20% of ECM Transport Group after a period of five years. With 2020 revenues of $108M, ECM consists of ECM Transport and Motor Carrier Services of Pennsylvania who are elite regional truckload carriers that operate nearly 500 trucks and 2,000 trailers in their network of 8 terminals and 18 drop yard facilities. The acquisition is expected to add over 500 tenured drivers in a constrained labor market as well as a fleet of nearly 500 trucks and 2,000 trailers. Werner financed the transaction through a combination of cash on hand, existing credit facilities and a new $100M fixed-rate term loan maturing in May 2024 with BMO Harris Bank. Closing for the acquisition was completed. The remaining 20% ownership interest in ECM Transport Group will be retained by Ed Meier, founder and president of ECM. As previously mentioned, Werner Enterprises retains an exclusive option to buy the remaining 20% of ECM Transport Group after a period of five years.
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KRYS | Hot Stocks16:18 EDT Krystal Biotech gives update on trial evaluating topical KB105 for ichthyosis - Krystal Biotech announced updated results from the Phase 1/2 clinical trial evaluating topical administration of KB105 in patients with autosomal recessive congenital ichthyosis ARCI associated with mutations in the TGM1 gene. These data show that repeat doses of KB105 continue to be well tolerated with no adverse events and with no evidence of immune response, systemically or at the sites of application. Phenotypic improvement, based on the IGA scale, was observed at each KB105 dosing site at varying time points throughout the 30-day dosing period, with the maximum effect observed in the treatment areas that received the highest KB105 dose. These results build on previous data showing a dramatic increase in KB105-mediated TGM-1 expression and activity in 3 patients, which correlated with an improvement on the IGA scale after KB105 topical treatment, with or without pretreatment of the area through micro-needling. No drug-related adverse effects were reported. "The totality of the data from our Phase 1/2 trial is encouraging, showing that topical application of KB105 to exfoliated skin results in detectable and correctly localized and functionally active TGM-1 enzyme," said Suma Krishnan, Chief Operating Officer of Krystal Biotech. "With this data in hand, we look forward to having continued discussions with patients and physicians to determine the optimal dosing regimen and endpoints to take forward into the next Phase 2 cohort, which we expect will include pediatric patients, in 2022."
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VIAO | Hot Stocks16:16 EDT VIA Optronics names Markus Peters CFO - VIA Optronics announced that its Supervisory Board has appointed Dr. Markus Peters as Chief Financial Officer of the company, effective immediately. Dr. Markus Peters succeeds Daniel Jurgens, who will be stepping down for personal reasons. Daniel Jurgens will remain with VIA for a period of time to ensure a smooth transition.
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UGI | Hot Stocks16:16 EDT UGI Corporation names Jean Felix Tematio Dontsop CAO - UGI Corporation has named Jean Felix Tematio Dontsop as Vice President, Chief Accounting Officer, and Controller, effective July 19. Tematio Dontsop most recently served as Vice President of Internal Audit for West Pharmaceuticals in Exton, PA.
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FCAC SHCR | Hot Stocks16:14 EDT Falcon Capital Acquisition closes combination with Sharecare - Sharecare (SHCR) announced that it has completed its business combination with Falcon Capital Acquisition Corp. (FCAC). The transaction was approved by Falcon's shareholders on June 29 during a Special Meeting in which 97% of the votes cast were in favor of merger. Beginning July 2, Sharecare's shares of Class A common stock will trade on the NASDAQ under the symbol "SHCR."
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OZK | Hot Stocks16:12 EDT Bank OZK boosts dividend to 28.5c per share - Bank OZK announced its Board of Directors has approved a regular quarterly cash dividend of 28c per common share payable July 19 to shareholders of record as of July 12. The dividend of 28.5c per common share represents an increase of 5v per common share, or 1.79%, over the dividend paid in the previous quarter. Bank OZK has increased its quarterly cash dividend in each of the last forty-four quarters.
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OLN | Hot Stocks16:12 EDT Olin enters into chlorine commercialization agreement with ASHTA Chemicals - Olin has entered into an agreement with ASHTA Chemicals to purchase and sell the chlorine produced at ASHTA's Ashtabula, OH facility. Existing contracts will be honored for chlorine customers of both companies. ASHTA Chemicals is a manufacturer of potassium hydroxide with headquarters and production facilities in Ashtabula, Ohio.
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ODC | Hot Stocks16:09 EDT Oil-Dri Corporation of America to increase product prices up to 7% - Oil-Dri Corporation of America announced that it will increase prices for its agricultural, bleaching clay and fluid purification products. The price increases, effective August 1, will range up to 7% depending on the product.
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GPRE | Hot Stocks16:08 EDT Green Plains unit begins construction on Fluid Quip Technologies' MSCTM system - Green Plains announced its wholly owned subsidiary Green Plains Central City has broken ground on the construction of Fluid Quip Technologies' MSCTM system. Central City is the third Green Plains location to install MSC, behind Shenandoah, which started up in April 2020, and Wood River, expected to start up during the third quarter of 2021. "Breaking ground on our third Ultra-High Protein installation further demonstrates our clear commitment to the complete transformation of Green Plains' facilities into the biorefinery platform of the future," said Todd Becker, president and chief executive officer of Green Plains. "We are systemically executing on our strategic plan to become a world-class ag-tech company providing high-protein, novel feed ingredients with a unique yeast component." The Central City MSC system is scheduled to come online in the second quarter of 2022 and will have the capacity to produce approximately 72,000 tons of Ultra-High Protein feed annually at concentrations of 50% or higher. Protein content can be tailored to species-specific ration requirements. Ultra-High Protein also contains a 25% spent yeast component, which aids in digestion and enhances performance parameters, including immune function and feed efficiency.
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VBIV | Hot Stocks16:06 EDT VBI Vaccines reports new CPT code issued for 3-Antigen Hep-B vaccine - VBI Vaccines reported that the American Medical Association Current Procedural Terminology Panel has established a unique CPT code for a 3-antigen Hepatitis B vaccine. If approved, VBI's 3-antigen HBV vaccine candidate will be reported using the new code, differentiating it from other single-antigen HBV vaccines. VBI's 3-antigen HBV vaccine candidate is currently under regulatory review for marketing approval in the U.S. and Europe. The FDA has set the PDUFA target action date of November 30, 2021.
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AIR BKR | Hot Stocks16:06 EDT AAR signs agreement with Druck to offer AOG support for engine pressure sensors - AAR (AIR) has signed an agreement with Druck, a Baker Hughes (BKR) business, to offer global aircraft-on-ground, or AOG, support for a range of engine pressure sensors. This service will be performed through AAR's customer support team and worldwide warehouses network. Complementing existing solutions provided to AAR's client base, this multi-year agreement will prevent parts supply delays and provide customers with immediate access to pressure measurement technology. Druck sensors will be used to support applications such as: hydraulics; environmental control systems; fuel monitoring; auxiliary power unit operations; engine measurement; air data measurement; and cabin pressure.
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MRK | Hot Stocks16:06 EDT Merck to withdraw U.S. accelerated approval indication for Keytruda - Merck announced that the company plans to voluntarily withdraw the U.S. accelerated approval indication for KEYTRUDA for the treatment of patients with recurrent locally advanced or metastatic gastric or gastroesophageal junction adenocarcinoma whose tumors express PD-L1 as determined by a U.S. Food and Drug Administration-approved test, with disease progression on or after two or more prior lines of therapy including fluoropyrimidine- and platinum-containing chemotherapy and if appropriate, human epidermal growth factor receptor 2/neu-targeted therapy. The decision was made in consultation with the FDA following the April 29 Oncologic Drugs Advisory Committee evaluation of this third-line gastric cancer indication for KEYTRUDA as a monotherapy because it failed to meet its post-marketing requirement of demonstrating an overall survival benefit in a Phase 3 study. As agreed with the FDA, Merck will initiate the withdrawal in six months. Patients being treated with KEYTRUDA for metastatic gastric cancer in the third- or further-line setting should discuss their care with their health care provider. This decision does not affect other indications for KEYTRUDA. "While there remains an unmet need for heavily pre-treated patients with advanced gastric cancer, we recognize that the treatment landscape has evolved and we respect the FDA's efforts to continually evaluate accelerated approvals," said Dr. Scot Ebbinghaus, vice president, clinical research, Merck Research Laboratories. "Our research with KEYTRUDA has contributed to recent advances in the treatment of gastric cancer, and we are continuing to advance studies to help more patients with this disease."
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APXT AVPT | Hot Stocks16:05 EDT AvePoint closes business combination with Apex Technology Acquisition - AvePoint (AVPT) completed its business combination with Apex Technology Acquisition (APXT). Apex shareholders approved the transaction at its stockholder's meeting held on June 30. The combined company is expected to begin trading on Nasdaq on July 2 under the ticker symbol "AVPT" for AvePoint common stock and "AVPTW" for AvePoint warrants. The company remains debt-free and is now one of eight public software companies with at least $150M in annual revenue, 25% YoY growth and a 10% EBITDA margin. AvePoint's senior management team, including CEO TJ Jiang, will continue to lead the combined company. Jeff Epstein and Brad Koenig, Co-CEOs of Apex, will join AvePoint's Board of Directors as a director and an advisor, respectively. AvePoint received approximately $492M in gross proceeds comprised of Apex's $352M of cash held in trust following de minimis public stockholder redemptions and $140M from an ordinary share private investment in public equity, excluding transaction fees.
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CDTX | Hot Stocks16:04 EDT Cidara Therapeutics announces James Levine resigns as CFO - Cidara Therapeutics announced that James Levine has resigned from his position as chief financial officer CFO, effective July 9, to pursue other opportunities. Mr. Levine will continue to serve as a consultant to the Company for at least six months and will provide transitional support to a successor CFO.
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GCO | Hot Stocks16:02 EDT Legion Partners says Genesco board trying to 'mislead' shareholders - Legion Partners Asset Management, LLC, which collectively with the other participants in its solicitation beneficially owns approximately 5.9% of the outstanding common shares of Genesco, issued a statement in an effort to address the company's July 1st press release and focus shareholders' attention on the need for boardroom change. Legion Partners is seeking to elect four independent candidates - Marjorie L. Bowen, Margenett Moore-Roberts, Dawn H. Robertson and Hobart P. Sichel - to Genesco's nine-member Board of Directors at the upcoming Annual Meeting of Shareholders on July 20, 2021. Chris Kiper and Ted White, Legion Partners' Managing Directors, commented: "We urge our fellow shareholders to see through the smoke screen that Genesco is trying to create as this contest enters the home stretch. Rather than acknowledge the Company's many years of underperformance and commit to enacting long-overdue governance enhancements and necessary operational improvements, the current Board is trying to divert attention away from substantive issues by disseminating an array of self-serving misrepresentations... The current Board's second press release today, which includes seemingly absurd arguments about Genesco's share price movements, may be the most damning instance of its apparent desperation. The fact is Genesco's shares have been appreciating over the course of the past several months as the pandemic has eased. We suspect Genesco's most recent share price appreciation is largely the result of shareholders anticipating more boardroom changes and expressing enthusiasm for our slate's vision for reversing years of underperformance... We firmly believe our nominees are the right individuals to address these issues and help Genesco transform into a footwear business that thrives in the highly-competitive, increasingly-digital retail environment."
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HMC | Hot Stocks15:44 EDT Honda reports June U.S. sales up 33.4% to 153,122 units - Honda reports June U.S. sales rose 33.4% compared to the prior year to 153,122 units, including Honda division having "set a new June record" on sales of 137,238 units and Acura division sales rising 31.6% to 15,884 units. Honda reports Q2 sales grew 65.7% from the prior year to 486,419 units. Dave Gardner, executive vice president of National Operations at American Honda, said, "While we face more parts supply challenges ahead that will certainly impact our sales, I am humbled by the spirit and commitment of Honda associates across sales, production, R&D and purchasing who continue their efforts to serve our customers." Reference Link
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SNCY | Hot Stocks15:30 EDT Sun Country says system partially restored after outage affecting flights - In an updated statement posted to its website, Sun Country Airlines stated: "This morning, Thursday, July 1, we experienced an outage of a third-party software application system that tracks flight operations, causing disruption to flight schedules throughout our system. The system has been partially restored and our Operations team is working to bring systems back online and return to normal operations. In the meantime, our Operations team is executing our approved manual process and working closely with the FAA to clear flights for takeoff... We are currently waiving change fees for any passenger scheduled to travel through July 6, 2021." Reference Link
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STLA | Hot Stocks15:03 EDT FCA US reports Q2 U.S. sales up 32% to 485,312 units - FCA US, a subsidiary of Stellantis, reported a 32% increase in second-quarter sales over the same time period a year earlier to 485,312 units. Retail sales rose 27% for the quarter. Fleet accounted for 12% of total sales. "The recovering U.S. economy and continued strong demand for our products drove unprecedented results. We continue to work closely with our suppliers to mitigate the manufacturing impacts caused by the various supply chain issues facing our industry," U.S. Head of Sales Jeff Kommor said. Stellantis will share its electrification strategy on Thursday, July 8, during its EV Day 2021 hosted by Stellantis CEO Carlos Tavares, the company noted.
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LWAY | Hot Stocks14:48 EDT Lifeway Foods announces expansion into French market - Lifeway Foods announced the brand's first expansion of kefir distribution into the French market with a listing at Costco France. The initial offering of 250ml mango Lifeway Kefir bottles is now shipping and available on shelves. Lifeway CEO Julie Smolyansky, said, "We are pleased to introduce the U.S. kefir leader, Lifeway, to this sophisticated marketplace. Costco is known as an innovative retailer with loyal shoppers who count on finding the highest quality assortment in each category, so I'm confident that we're positioned to replicate U.S. success with our global expansion goals."
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REGN ALNY | Hot Stocks14:09 EDT Regeneron says researchers find GPR75 mutations that protect against obesity - Regeneron Pharmaceuticals (REGN) announced that scientists from the Regeneron Genetics Center have discovered rare genetic mutations in the GPR75 gene associated with protection against obesity. "As reported in Science, almost 650,000 people were sequenced to find rare individuals with this genetic 'superpower,' providing new insights into the genetic basis of obesity. Potential therapeutics mimicking these genetic superpowers are being developed at Regeneron, utilizing its VelocImmune technologies and novel technologies from collaborators such as Alnylam Pharmaceuticals," the company stated. Regeneron scientists are pursuing multiple therapeutic approaches to target GPR75, including through antibodies, small molecules and gene silencing, the company noted. "The discovery of GPR75 is already enabling Regeneron and our collaborators to identify potential ways to safely replicate the effect of this mutation through novel therapeutic approaches. This is the latest in a long line of protective human genetics discoveries that have fueled new therapeutics programs at Regeneron. The pace is only quickening, as we uncover more and more about the human genome and work to rapidly translate those discoveries to the development of new medicines," added Aris Baras, M.D., Senior Vice President at Regeneron and Head of the Regeneron Genetics Center.
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NVT | Hot Stocks14:02 EDT nVent Electric acquires CIS Global from Guardian Capital for roughly $200M - nVent Electric plc has acquired CIS Global LLC, a portfolio company investment of Guardian Capital Partners. The transaction was a cash purchase price of approximately $200M. Scott Evans, Founding Partner at Guardian, stated, "During Guardian's ownership, the Company invested to expand beyond its server rack slides offering to include intelligent power distribution unit ("iPDU") capabilities, becoming the largest independent provider of server rack power distribution units globally. The Company is well positioned to meet the increasing demand for data center products and solutions. I am proud of the exceptional performance of the management team and look forward to seeing the Company's future success under the ownership of nVent."
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CCJ | Hot Stocks13:48 EDT Cameco trading resumes
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PGC | Hot Stocks13:40 EDT Peapack Private Wealth Management acquire Princeton Portfolio Strategies Group - Peapack-Gladstone Financial Corporation finalized the acquisition of Princeton, NJ-based Princeton Portfolio Strategies Group effective July 1, 2021. The acquisition represents an additional $520M in assets under management, and aligns PPSG with Peapack Private, the Bank's wealth management division, one of the largest trust companies and wealth managers in NJ, with a market value of approximately $9.4B of assets under administration at March 31, 2021.The purchase elevates Peapack Private's overall delivery of wealth management and customized portfolio management solutions and expands the broad range of experience its team of wealth advisors, trust officers and portfolio managers provide to clients looking to create, manage, increase and protect their wealth. It is anticipated that the PPSG team will move to Peapack Private's current Princeton location at Carnegie Center in Q3 or Q4 of this year, joining an established team of wealth management and commercial lending professionals charged with expanding the Bank's reach in Mercer County.
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VWAGY | Hot Stocks13:35 EDT Volkswagen reports Q2 U.S. sales up 72% to 120,520 vehicles - Volkswagen of America reports Q2 2021 sales up 72% to 120,520, calling it the company's "best quarterly sales total since 1973." VW also called its May sales of over 44,000 its "best single month since 1973." Duncan Movassaghi, EVP and chief sales and marketing officer, Volkswagen of America, said: "Our growth has been led by our SUVs and their significant gains across some of the most competitive segments in the industry. The additions of the Taos and ID.4 enable us to sustain our recent gains and make us even more competitive as an SUV brand." Reference Link
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CCJ | Hot Stocks13:32 EDT Cameco to evacuate all non-essential personnel from Cigar Lake due to wildfire - Cameco announced it has made the decision to evacuate all non-essential personnel from the Cigar Lake uranium mine in northern Saskatchewan. "The action is being taken as a precaution due to the proximity of a northern wildfire that is currently burning in the vicinity of the operation. The situation is complicated by extremely warm, dry weather, resulting from the heat dome that has settled over western Canada in recent days, along with variable wind and smoke conditions. Production at Cigar Lake has been temporarily suspended. Approximately 230 workers are being transported off site. Roughly 80 essential personnel will remain on site to maintain the facility in a safe state. Should the wildfire threat grow considerably at site, a plan is in place to ensure their safety. A number of precautions have been implemented at Cigar Lake to limit the risk posed by the wildfire. Cameco is working closely with provincial wildfire management personnel from the Saskatchewan Public Safety Agency, who are on-site assessing the situation on an ongoing basis. The decision to evacuate the operation was made in conjunction with these officials," the company stated. Cameco shares had been halted ahead of the announcement.
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MYSZ | Hot Stocks13:27 EDT Custodian Ventures criticizes My Size for not producing requested documents - Custodian Ventures, a stockholder of My Size with an ownership interest of approximately 9.99% of the Company's outstanding shares, issued an open letter to fellow MYSZ stockholders. The letter read in part, "Custodian Ventures nominated four director candidates for election to MYSZ's Board of Directors at the 2021 Annual Meeting of Stockholders because it is our belief that with a change of tone at the top the Company's best days are still ahead of it...Instead of entering into a productive dialogue with us concerning our nominees' qualifications or the Company's future, this Board responded to our nomination by brazenly issuing nearly 20% of the Company's then outstanding shares to the Company's founder, who has known ties to certain nefarious elements wanted for securities fraud, in return for a waiver of the mere right held by this individual to repurchase certain intellectual property assets and receive royalty payments. We believe these rights, let alone the waiver thereof, are of little to no value given, among other things, the Company's apparent failure to seek an independent valuation of the underlying assets and the high likelihood that no royalty payments have ever been paid in connection therewith. As a result, on June 1, 2021, Custodian Ventures made a demand under Delaware law to inspect certain books and records of the Company to determine, among other things, whether there was any breach of fiduciary duties by members of the Board in approving this extremely dilutive transaction after we nominated our slate. To date, the Company has not produced any documents substantiating the legitimacy of this transaction nor has it made any attempt to otherwise defend substantively the Board's apparent entrenchment maneuver. Instead, the Company, through its counsel, has erected roadblocks to our legitimate information requests by requiring us to agree to what we believe are non-commercial terms and conditions which, among other things, seek to stifle our ability to communicate to stockholders our conclusions from our review of the documents produced. To be clear, any such conclusions drawn by Custodian Ventures will not contain any sensitive or otherwise proprietary Company information that stockholders should not be entitled to learn given the extremely value-destructive and suspicious nature of this transaction. Nonetheless, we have given the Company a deadline of July 6, 2021 to confirm that it will produce all of the documents requested in our Demand and until July 8, 2021 to substantially complete such production. In the event the Company does not comply in full with its obligations under Delaware law to produce the requested materials, we have reserved and are otherwise prepared to exercise our rights as stockholders of a Delaware corporation by filing suit in the Delaware Court of Chancery to compel the requested inspection. We call on the Board to refrain from taking any further actions which appear calculated to frustrate the exercise of stockholder democracy and shield the Board and management from accountability and to instead immediately announce the date of the 2021 Annual Meeting. The Company has held its last two annual meeting in early August. If it intended to be consistent with recent years, the Company should have set a record date and filed preliminary proxy materials by now. Any transparent attempts by the Board to avoid accountability by "running down the clock" will be summarily met by swift and decisive action by Custodian Ventures for the benefit of all of the Company's stockholders to compel the Board to hold the 2021 Annual Meeting in the statutorily-enumerated timeframe. Finally, given the ample $5.75 million in cash the Company reported on its books at the close of the first quarter of 2021, we urge the Board to reconsider authorizing any additional dilutive share issuances in a vain attempt to drown out the voice of its stockholders."
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IBKR | Hot Stocks13:12 EDT Interactive Brokers reports June daily average revenue trades up 33% - Interactive Brokers Group,reported its Electronic Brokerage monthly performance metrics for June, which included: 2.471M daily average revenue trades, 33% higher than prior year and 10% higher than prior month; Ending client equity of $363.5B, 79% higher than prior year and 4% higher than prior month; Ending client margin loan balances of $48.8B, 96% higher than prior year and 7% higher than prior month; Ending client credit balances of $82.1B, including $2.7B in insured bank deposit sweeps2, 16% higher than prior year and 2% higher than prior month; 1.41M client accounts, 61% higher than prior year and 2% higher than prior month; 401 annualized average cleared daily average revenue trades per client account; Average commission per cleared commissionable order of $2.26 including exchange, clearing and regulatory fees.
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SONY | Hot Stocks12:58 EDT Sony says 'Ghost of Tsushima Director's Cut' coming to PS5, PS4 in August - Sony subsidiary Sucker Punch Production announced that, on August 20, it will be releasing "Ghost of Tsushima Director's Cut," an enhanced version of 2020 PlayStation 4 video game "Ghost of Tsushima," on both PlayStation 5 and PS4 consoles. "This new edition comes packed not only with the original game and every piece of additional content we've sold to date, but a brand-new adventure for Jin alongside a bunch of new features that we're excited to reveal," said Andrew Goldfarb, communications manager at Sucker Punch. The PS5 version of the game will now offer lip sync for Japanese voice over for cutscenes, improved load times, enhanced control options, better load times, 4K resolution options, and framerates targeting 60 frames per second. The game will launch on August 20 for $69.99 on PS5 and $59.99 on PS4. Reference Link
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D | Hot Stocks12:32 EDT Dominion says to receive NOI from BOEM for Virginia offshore wind project - Dominion Energy announced that the Bureau of Ocean Energy Management, or BOEM, will publish in the Federal Register on Friday the Notice of Intent, or NOI, for the proposed 2.6-gigawatt Coastal Virginia Offshore Wind commercial project, which it calls "the largest planned offshore wind farm in the United States." The issuance of a NOI begins BOEM's and other federal agencies' review of the project and the preparation of an Environmental Impact Statement, which will take about two years, and opens a 30-day public comment period during which time federal agencies will conduct scoping meetings and accept comments to inform the preparation of the EIS. "The Notice of Intent marks an important regulatory milestone and ensures CVOW remains on schedule to complete construction in 2026, so we can deliver clean, renewable offshore wind energy to Dominion Energy Virginia customers," added Robert Blue, Dominion Energy's chair, president and CEO.
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TM | Hot Stocks12:15 EDT Toyota reports June U.S. sales up 39.8% to 207,331 units - Toyota Motor North America reported U.S. June 2021 sales of 207,331 vehicles, an increase of 39.8% on a volume and daily selling rate basis versus June 2020. June 2021 sales of alternative powered vehicles, or APVs, including hybrids, EVs and fuel cells totaled 46,074 vehicles, representing 22.2% of total monthly sales. Toyota division posted June sales of 180,623 vehicles, up 41.6% on a volume and DSR basis. Lexus division posted June sales of 26,708 vehicles, up 29.1% on a volume and DSR basis. For the first half of 2021, TMNA reported U.S. sales of 1,291,879 vehicles, an increase of 44.5% on a volume basis and an increase of 46.5% on a DSR basis.
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ZYME | Hot Stocks12:09 EDT Zymeworks up 9% as blog report speculates on takeover interest - Zymeworks has jumped in afternoon trading after a blog report from Street Insider, citing a source, claimed that the company received a takeover approach and is working with a bank to field other potential interest. The report claims that the "initial bid for Zymeworks was said to be around $50 per share. In midday trading, Zymeworks shares are up $3.15, or 9%, to $37.84.
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FB | Hot Stocks12:07 EDT Facebook announces 98% U.S. coverage of cloud gaming platform - Facebook said its website: "Last October, we announced the closed beta of our cloud gaming platform to expand the library of mobile games on Facebook, playable instantly, with no installs, wherever and whenever players want. We started with launching a handful of cloud-streamed games on Android and web in select US regions. We've now scaled our infrastructure significantly, and today we're announcing coverage to over 98% of people in the mainland United States. We're on track to hit 100% by fall of this year. We're also beginning our roll out in Canada and Mexico, and will reach Western and Central Europe by early 2022." Reference Link
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CUDA | Hot Stocks12:06 EDT Barracuda announces definitive agreement to acquire SKOUT Cybersecurity - Barracuda Networks announced it has entered into a definitive agreement to acquire SKOUT Cybersecurity, a company engaged in cyber-as-a-service software for Managed Service Providers and provider of an extended detection and response platform and service. The acquisition is anticipated to close in July, subject to obtaining required regulatory and third-party consents, and satisfaction of other customary closing conditions.
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CCJ | Hot Stocks12:02 EDT Canadian Nuclear Safety Commission informed by Cameco of forest fire near mine - The Canadian Nuclear Safety Commission said via Twitter on Wednesday that, "We have been informed by Cameco Corporation of a forest fire in the vicinity of the Cigar Lake Mine in Northern Saskatchewan. We are monitoring the situation and will provide updates accordingly." Cameco trading has been halted on Thursday, news pending. Reference Link
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XYF | Hot Stocks12:00 EDT X Financial falls -10.4% - X Financial is down -10.4%, or -$1.41 to $12.20.
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MFGP | Hot Stocks12:00 EDT Micro Focus falls -14.7% - Micro Focus is down -14.7%, or -$1.11 to $6.42.
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NTP | Hot Stocks12:00 EDT Nam Tai Property falls -14.9% - Nam Tai Property is down -14.9%, or -$4.12 to $23.59.
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SLCA | Hot Stocks12:00 EDT U.S. Silica rises 13.1% - U.S. Silica is up 13.1%, or $1.51 to $13.07.
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DIDI | Hot Stocks12:00 EDT DiDi rises 13.8% - DiDi is up 13.8%, or $1.96 to $16.10.
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FST | Hot Stocks12:00 EDT Fast Acquisition rises 18.2% - Fast Acquisition is up 18.2%, or $2.15 to $13.96.
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CCJ | Hot Stocks11:57 EDT Canadian Nuclear Safety Commission informed Cameco of fire near Cigar Lake Mine - The Canadian Nuclear Safety Commission said via Twitter on Wednesday that, "We have been informed by Cameco Corporation of a forest fire in the vicinity of the Cigar Lake Mine in Northern Saskatchewan. We are monitoring the situation and will provide updates accordingly." Cameco trading has been halted on Thursday, news pending. Reference Link
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PNC | Hot Stocks11:54 EDT PNC Financial raises dividend 9% to $1.25 per share - The board of directors of PNC Financial declared a quarterly cash dividend on the common stock of $1.25 per share, an increase of 10c per share, or 9%, from the second quarter dividend of $1.15 per share. The dividend will be payable Aug. 5 to shareholders of record at the close of business July 16.
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HVBT... | Hot Stocks11:38 EDT HIVE Blockchain announces purchase agreements for GPUs valued at $66M - HIVE Blockchain Technologies (HVBT) announces that it has joined the NVIDIA (NVDA) Partner Network Cloud Service Provider program and entered into purchase agreements for NVIDIA GPU's with a total contract value of more than $66. These cards will be delivered over the remaining months of calendar 2021 with deliveries arriving each month, the company said. "Joining the NPN program is a significant step towards HIVE's growth strategy and its future plans to expand into Enterprise Cloud services focused on High Performance Computing workloads. Acceptance into the NTN program provides the company with access to NVIDIA's ecosystem, partners, customers and deep industry expertise. These benefits will enable HIVE to transition towards Enterprise Cloud seamlessly by leveraging NVIDIA's technical leadership," the company stated.
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CCJ | Hot Stocks11:09 EDT Cameco trading halted, news pending
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COTY | Hot Stocks11:07 EDT Coty announces relaunch of Kylie Cosmetics - Coty announces the relaunch of Kylie Cosmetics with "new and improved formulas that are clean and vegan, along with refreshed packaging." Coty said: "Consumers will now be able to shop the brand globally through select brick and mortar retailers and a new Direct-to-Consumer website launching July 15 that offers access to both Kylie's cosmetics and skincare brands for the first time."
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EPD | Hot Stocks11:05 EDT Enterprise Products acquires ethylene storage business from NOVA Chemicals - Enterprise Products Partners and NOVA Chemicals announced that a subsidiary of Enterprise has acquired a wholly owned subsidiary of NOVA Chemicals, which operates an ethylene storage business and trading hub in Mont Belvieu, Texas. NOVA Chemicals, one of the largest merchant ethylene producers and marketers on the U.S. Gulf Coast, will be a long-term storage customer in the Enterprise system. "The acquisition, which gives Enterprise ownership of the largest ethylene market hub in Texas since it was established in 2001, will complement Enterprise's own growing ethylene network in the region. The combined system offers multiple benefits for producers, consumers and traders, such as increased physical connectivity, greater market liquidity and pricing transparency, as well as improved access to Enterprise's ethylene midstream services, including our export terminal and growing Gulf Coast pipeline system," said Chris D'Anna, senior vice president, Petrochemicals of Enterprise's general partner.
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CNHI | Hot Stocks11:03 EDT CNH Industrial names Scott Moran as chief industrial business system officer - CNH Industrial announced that it has appointed Scott Moran as Chief CNH Industrial Business System Officer and Kelly Tolbert as Chief Diversity & Inclusion, Sustainability and Transformation Officer. In these positions, Moran and Tolbert will join the company's Senior Leadership Team, an operational decision-making body of CNH Industrial. "I am delighted to welcome Kelly and Scott, whose extensive professional experience will be invaluable as we constantly improve our organization and strive for excellence," said Scott Wine, CEO, CNH Industrial. "Scott will lead the design, implementation, and ongoing development of the new CNH Industrial Business System, which will build on World Class Manufacturing to create a more comprehensive corporate-wide program that drives continuous improvement in all facets of our organization. His absolute command of both the strategic and tactical aspects of Lean implementation and execution will be an important resource.
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GE... | Hot Stocks11:02 EDT GE Digital joins Airbus and Delta TechOps in Digital Alliance - GE Digital (GE) announced that it joined the aviation Digital Alliance - an expanding partnership initiated by Airbus (EADSY) and Delta TechOps (DAL) in 2019. "Together these aviation leaders combine their respective industry expertise in digital analytics, aircraft systems, and airline and maintenance operations to provide cost savings, network efficiencies and increased fleet availability to 140 commercial aviation operators worldwide already engaged with Skywise Core. GE Digital brings its best-in-class predictive analytics software and extensive aerospace systems engineering expertise to Airbus' Skywise cloud-based open data platform and Delta's operational and maintenance excellence and related predictive models. With GE Digital's added analytics capabilities and systems portfolio covering Airbus as well as non-Airbus OEM aircraft, airlines will further benefit from cross-fleet health monitoring and diagnostics, reliability analysis, and predictive maintenance analytics," GE stated.
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ASTR HOL | Hot Stocks10:56 EDT Astra begins trading on Nasdaq after completing Holicity deal - Astra Space, which calls itself "the fastest privately-funded U.S. company in history to reach space," started trading on the Nasdaq Global Select Market this morning under the new ticker symbol "ASTR" for Astra common stock and "ASTRW" for Astra warrants after the company and Holicity (HOL), a publicly traded special purpose acquisition company, completed their previously announced transaction to take Astra public. Astra raised approximately $500M in cash proceeds from the transaction to "accelerate growth, expand its addressable market, and develop its space services platform." CEO Chris Kemp and Astra's management team will continue to lead the combined company. "With over 50 launches under contract, Astra will begin delivering customer payloads into low Earth orbit in Summer 2021, moving to monthly, biweekly, weekly, and daily launches by 2025," the company said.
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MZDAY | Hot Stocks10:42 EDT Mazda Motor reports June U.S. sales up 28.7% to 32,605 vehicles - Mazda North American Operations reported total June sales of 32,605 vehicles, an increase of 28.7% compared to June 2020. With 25 selling days in June, compared to the same number of days the year prior, the company posted an increase of 28.7% on a Daily Selling Rate, or DSR, basis.
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GM | Hot Stocks10:36 EDT General Motors ended Q2 with 211,974 units in inventory - GM ended the quarter with 211,974 units in inventory, down from 334,628 at the end of the first quarter. "Although the situation remains fluid, we're focused on continuing to leverage every available semiconductor to build and ship our highest demand products," said Kurt McNeil, U.S. vice president, Sales Operations.
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GM | Hot Stocks10:36 EDT GM says 'well positioned' to lead U.S. industry in full-size, mid-size pickups - GM is "well positioned in 2021 to lead the industry in full-size and mid-size pickup sales for the seventh consecutive year," the company said while announcing Q2 U.S. sales results "During the quarter, GM earned 40.6% of the retail market for full-size pickups, up 4.5 percentage points year over year, with more than 237,000 Chevrolet Silverados and GMC Sierras sold in the quarter," GM stated.
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GM | Hot Stocks10:34 EDT General Motors reports U.S. Q2 sales up 40% to 688,236 vehicles - General Motors announced it sold 688,236 vehicles in the U.S. in the second quarter of 2021 - an increase of 40% compared to a year ago - in "a unique market bolstered by strong customer demand, but constrained by low inventories resulting from the global semiconductor shortage." Elaine Buckberg, GM chief economist, said: "The U.S. economy is accelerating, consumer spending is robust and jobs are plentiful. Consumer demand for vehicles is also strong, but constrained by very tight inventories. We expect continued high demand in the second half of this year and into 2022."
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SNCY | Hot Stocks10:08 EDT Sun Country says third-party software application outage affecting flights - In an statements posted to its website, Sun Country Airlines said: "Sun Country Airlines is experiencing a temporary third-party software application outage affecting all Sun Country flights, as well as the flights of many other airlines worldwide. Our Operations team is executing our approved manual process and working closely with the FAA to clear flights for takeoff. However, this manual process is causing delays throughout our system. We appreciate the patience of our guests as we work to get them safely on their way as quickly as possible. We are working with our provider's team to resolve the situation as quickly as possible, and it has the full attention of our entire Operations team. We will provide more information as soon as it becomes available. Questions regarding the cause of the disruption or the restoration of the system should be directed to AIMS International." Reference Link
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TEVA | Hot Stocks10:05 EDT Teva initiates voluntary recall of one lot of Topotecan injection - Teva Pharmaceuticals has initiated a voluntary recall of lot 31328962B of Topotecan Injection 4 mg/4 mL , to the retail/institutional level in the United States. This voluntary recall was initiated based on a complaint received from a pharmacy after a single glass particle was observed inside one vial. After further examination of the complaint sample, two other particulates were found and identified as one grey silicone particle and one translucent, colorless cotton fiber, the FDA said. The administration of an injectable product that contains particulate matter may result in local irritation or swelling in response to the foreign material. While the health hazard risk could be severe if particulate matter is infused, Teva's internal health assessment determined that the likelihood of patient exposure to impacted product is remote or unlikely. To date, Teva has received no further complaints or reports of illness or injury. Topotecan Injection, as a single agent, is indicated for the treatment of patients with metastatic ovarian cancer after disease progression on or after initial or subsequent chemotherapy and for patients with small cell lung cancer platinum-sensitive disease who progressed at least 60 days after initiation of first-line chemotherapy. Reference Link
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BX | Hot Stocks10:02 EDT Blackstone funds acquire majority stake in the Certified Collectibles Group - Blackstone announced that funds managed by its Tactical Opportunities business have agreed to acquire a majority stake in the Certified Collectibles Group in a transaction valuing the company at more than $500M. Mark Salzberg, CCG's founder, and Steven Eichenbaum, CCG's CEO, will retain a significant minority stake. Additional investors in the transaction include Roc Nation; Michael Rubin, founder and executive chairman of Fanatics; SC.Holdings, a growth equity platform; Mastry, founded by Rudy Cline-Thomas; Andre Iguodala; Daryl Morey, President of Basketball Operations for the Philadelphia 76ers; and Main Street Advisors, a leading investment advisory firm to prominent athletes, recording artists, and other leaders across entertainment and business. CCG is a global provider of expert, impartial and tech-enabled services that add value and liquidity to collectibles.
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YMM | Hot Stocks10:00 EDT Full Truck Alliance falls -7.1% - Full Truck Alliance is down -7.1%, or -$1.44 to $18.94.
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NTP | Hot Stocks10:00 EDT Nam Tai Property falls -8.3% - Nam Tai Property is down -8.3%, or -$2.30 to $25.41.
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MFGP | Hot Stocks10:00 EDT Micro Focus falls -9.8% - Micro Focus is down -9.8%, or -74c to $6.79.
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RIG | Hot Stocks10:00 EDT Transocean rises 11.4% - Transocean is up 11.4%, or 52c to $5.04.
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ASPN | Hot Stocks10:00 EDT Aspen Aerogels rises 11.3% - Aspen Aerogels is up 11.3%, or $3.39 to $33.31.
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FC | Hot Stocks10:00 EDT Franklin Covey rises 16.6% - Franklin Covey is up 16.6%, or $5.36 to $37.71.
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APO | Hot Stocks09:55 EDT Apollo Global confirms discussions with Motive Partners about minority stake - In a regulatory filing, Apollo Global Management confirmed that the company is engaged in discussions with Motive Partners, a specialist private equity firm focused on financial technology investments, to potentially acquire a minority stake in Motive's management company and enter into a strategic partnership. "Definitive documentation for this investment has not yet been agreed and there can be no assurance that a transaction will be completed," Apollo Global stated.
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GCO | Hot Stocks09:54 EDT Legion Partners' director candidates issue letter to Genesco shareholders - Legion Partners Asset Management, which collectively with the other participants in its solicitation beneficially owns approximately 5.9% of the outstanding common shares of Genesco, announced that its four independent director candidates - Marjorie Bowen, Margenett Moore-Roberts, Dawn Robertson and Hobart Sichel - have issued a letter to shareholders regarding their value-enhancing vision. The letter read, in part, " Each of us agreed to be nominated by Legion Partners earlier this year because we believe Genesco's best days should still be ahead of it. Although the Company has spent many years stagnating and underperforming relative to its peers and relevant indices, we believe that there are an array of issues that can be fixed by an engaged, objective and properly refreshed Board. These issues include: A Value-Destructive Conglomerate Structure; Poor Capital Allocation and Strategic Oversight; Excessive Interlocks Among Directors and Insiders ; Bloated Cost Structure and Sustained Margin Erosion; A Lack of Focus on Operational Excellence at Journeys; Misaligned Executive Compensation . We believe that a Board comprised of impartial individuals with fresh views and the right skills and experience can quickly identify actionable solutions. This is the type of Board that Genesco will have if shareholders elect us. Collectively, we possess extensive corporate governance acumen, capital markets expertise, retail operations experience, e-commerce and digital know-how, and strategic turnaround backgrounds. We also have a deep and practical understanding of best practices for driving growth while implementing environmental, social and governance and Diversity, Equity and Inclusion initiatives...Our ideas, if implemented, could lead to annual earnings of $13 per share, which is a substantial increase from the $5 per share of earnings that Genesco achieved pre-pandemic. We recognize that in order for ideas to turn into actions, there will need to be collegial deliberation of fresh and varying perspectives in the boardroom. That is what we hope to facilitate if we are fortunate enough to be elected to the Board at this year's Annual Meeting."
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MASI AAPL | Hot Stocks09:52 EDT Masimo filed ITC complaint against Apple over Watch components - The U.S. International Trade Commission said yesterday that has received a complaint and a submission on behalf of Masimo (MASI) and Cercacor Laboratories on June 30.. The complaint alleges violations of section 337 of the Tariff Act of 1930 in the importation into the United States, the sale for importation, and the sale within the United States after importation of certain light-based physiological measurement devices and components thereof. The complainant names as a respondent: Apple (AAPL). The complainant requests that the Commission issue an exclusion order, a cease and desist order, and impose a bond upon respondent alleged infringing articles during the 60-day Presidential review period. Reference Link
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FST GNOG | Hot Stocks09:48 EDT Fast Acquisition jumps after Fertitta adds assets to planned merger - Fertitta Entertainment, the parent company of Golden Nugget, and Fast Acquisition (FST), a special purpose acquisition company, announced that they have entered into an amendment to their previously announced merger. According to the amendment, Fertitta has agreed to contribute certain operating businesses not originally included as part of the business combination with Fast for no additional debt. Businesses that will now be contributed to the public company include the Mastro's brand, the Aquariums, the Pleasure Pier, Vic and Anthony's, and a "handful of smaller restaurant concepts," adding a total of 42 incremental business assets. Also, Fertitta will enter into a transaction to acquire the Catch restaurants, including Catch Steak, which restaurant group is already 50% owned indirectly by Tilman Fertitta. In connection with the amendment, Mr. Fertitta will receive additional equity in the NYSE public company which will increase his total equity stake post -closing of the transaction to approximately 72%. According to Tilman Fertitta, "the contribution of the new business assets greatly improves the Company's operating cash flow, provides better assets for organic growth, and significantly deleverages the Company as no incremental debt is being incurred by the Company as part of the revised transaction. Since the rollout of covid vaccinations, the operating results of the incremental assets have been so strong, I decided that I should be focused all in on the Company as I see opportunities for a significant acquisition that would not otherwise be available to the Company without this revised transaction." The amended transaction implies an enterprise valuation for Golden Nugget/Landry's of approximately $8.6B. The enterprise value includes the value of the Golden Nugget Online (GNOG) equity to be contributed to the company, based on an assumed per share trading price of approximately $13.00 for GNOG shares. Shares of Fast Acquisition are up 10%, or $1.17, to $13.00 in early trading.
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SCO | Hot Stocks09:47 EDT Scor ADR falls -5.1% - Scor ADR is down -5.1%, or -92c to $17.19.
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YMM | Hot Stocks09:47 EDT Full Truck Alliance falls -6.8% - Full Truck Alliance is down -6.8%, or -$1.38 to $19.00.
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MFGP | Hot Stocks09:47 EDT Micro Focus falls -9.3% - Micro Focus is down -9.3%, or -70c to $6.83.
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DIDI | Hot Stocks09:47 EDT DiDi rises 7.6% - DiDi is up 7.6%, or $1.07 to $15.21.
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FST | Hot Stocks09:47 EDT Fast Acquisition rises 8.0% - Fast Acquisition is up 8.0%, or 94c to $12.75.
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ASPN | Hot Stocks09:47 EDT Aspen Aerogels rises 10.6% - Aspen Aerogels is up 10.6%, or $3.17 to $33.09.
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DTE DTM | Hot Stocks09:39 EDT DTE Energy completes spin-off of DT Midstream - DTE Energy Company (DTE) announced that it has completed the previously announced spin-off of its non-utility natural gas pipeline, storage and gathering business, DT Midstream (DTM). With the separation complete, DTE Energy continues to target a long-term operating EPS growth rate of 5% to 7% off its 2020 original guidance. DTE Energy's growth is supported by $17B of planned utility capital investments over the next five years. These investments are aligned with DTE Energy's aggressive clean energy targets, including net zero greenhouse gas emissions by 2050 and its commitment to providing clean, safe, reliable and affordable energy. DTE Energy shares will continue trading on the New York Stock Exchange under the symbol "DTE." Shares of DT Midstream will begin trading on the NYSE at market open under the symbol "DTM."
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WMB SO | Hot Stocks09:38 EDT Williams completes acquisition of Sequent Energy Management - Williams (WMB) announced it has completed its acquisition of Sequent Energy Management, L.P. and Sequent Energy Canada, Corp. from Southern Company Gas (SO). The acquisition, announced in May, accelerates Williams' natural gas pipeline and storage optimization and marketing growth and increases Williams' gas pipeline marketing footprint to over 8 Bcf/d, with expansions into new markets to reach incremental gas-fired power generation, liquified natural gas exports and future renewable natural gas and other emerging opportunities. "The addition of Sequent Energy Management, including its talented workforce and industry leading platform, complements the current geographic footprint of our core pipeline transportation and storage business," said Alan Armstrong, president and CEO of Williams. "As we continue to take a leadership role towards a clean energy future, Williams sees significant opportunity to better source and deliver responsibly produced, low carbon supplies to domestic natural gas and international LNG customers. Sequent's operational footprint in the U.S. and Canada provides Williams with an enhanced North American perspective of natural gas markets, in turn bolstering the company's natural gas focused strategy, and I'm excited to welcome the Sequent employees to the Williams family."
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NEON | Hot Stocks09:36 EDT Neonode touch sensor modules selected for contactless kiosk trials - Neonode is pleased to announce that Japan Aerospace Corporation has been selected by a major airport solution provider for contactless self check-in kiosk trials at Narita Airport featuring Neonode contactless touch technology. This contactless retrofit solution developed by Japan Aerospace Corporation, called Air Click, has been installed on several kiosks at the departure lounge at Narita Airport Terminal 1. The field test was initiated on June 10 and will run for three months. The kiosks are owned and operated by the solution provider and several SkyTeam airlines, including Air France, KLM, and Korean Air, are joining the field test.
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MRNA | Hot Stocks09:35 EDT Moderna says Recipharm now manufacturing Covid vaccine in France - Moderna and Recipharm confirmed that following the European Medicines Agency's Committee for Human Medicines approval of the Recipharm Monts site on June 11, drug product manufacture of the Moderna COVID-19 vaccine at the site in France has now begun. "We are proud to be working with Recipharm to build industrial production capacity in France in support of Europe's vaccination campaign," said Stephane Bancel, CEO of Moderna. "France is at the heart of European innovation in healthcare and will play an important role in Moderna's strategic growth plan."
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PINS | Hot Stocks09:28 EDT Pinterest bans ads with weight loss language, imagery - Pinterest said in a blog post: "Pinterest is the place people come for inspiration to create life they love. It's where everyone belongs-regardless of body shape or size. We're empowering Pinners to plan for a summer and beyond without weight loss ads, so they can focus on what matters most. Beginning July 1st, 2021, we're updating our ad policies to prohibit all ads with weight loss language and imagery. This stance makes Pinterest the only major platform to prohibit all weight loss ads. It's an expansion of our ad policies that have long prohibited body shaming and dangerous weight loss products or claims. We encourage others in the industry to do the same and acknowledge, once and for all, that there's no such thing as one-size-fits-all. Our updated policy will now prohibit: Any weight loss language or imagery; Any testimonials regarding weight loss or weight loss products; Any language or imagery that idealizes or denigrates certain body types; Referencing Body Mass Index or similar indexes; and Any products that claim weight loss through something worn or applied to the skin." Reference Link
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EGLE | Hot Stocks09:23 EDT Eagle Bulk Shipping publishes 2021 ESG sustainability report - Eagle Bulk Shipping announced that it has issued its second annual Environmental, Social, and Governance Sustainability Report. The report, which has been prepared in accordance with the Marine Transportation Framework established by the Sustainability Accounting Standards Board, provides an overview of Eagle's strategic priorities and performance with respect to various environmental, social, and governance-related matters.
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CLEU | Hot Stocks09:22 EDT China Liberal establishes tourism education subsidiary - China Liberal Education has established a wholly-owned subsidiary, Fujian China Liberal Education Technology, to promote the integration of vocational education and enterprise development. The Subsidiary was listed as a key recommended project of Jin'an District, Fuzhou City in 2021. The company plans to establish a digital cultural tourism vocational education alliance with application oriented colleges, vocational colleges, industry associations, and hotels that specialize in tourism and hotel management. The Subsidiary will focus on training talents for the tourism industry, with specialties in hotel management and talent service, and establish a regional community of interests among schools and enterprises.
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TYL | Hot Stocks09:21 EDT Tyler in pact with Florida Certification Board to improve online services - Tyler Technologies announced the Florida Certification Board FCB signed a multi-year contract for Tyler's State Regulatory Licensing and Enforcement software and online portal, implemented on the CAVU eLicense solution. This new partnership demonstrates Tyler's commitment to serving all types of regulatory agencies, including independent, non-profit certification boards. The FCB selected Tyler because of the robust functionality and high level of configurability of the software and its ability to perform more complex connections and operations, as well as Tyler's decades of experience in this area. Tyler's software solution will provide improved online services and ensure a customer-friendly service experience both for certification holders and the general public. This enhanced system will also allow the FCB to meet or exceed the level of transparency and reporting that the Florida legislature requires. "After being through several system implementations and migrations over the past five years, we learned that our requirements and processes for the certifications we issue would be much better supported by a purpose-built regulatory and enforcement solution," said Neal McGarry, president & CEO, Florida Certification Board. "Tyler's regulatory software offers more functionality and a better online experience for our constituents. It will allow us to improve how we serve our certification holders and the public, and is best suited for protecting the health, safety and welfare of the citizens of Florida."
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XXII | Hot Stocks09:20 EDT 22nd Century to restructure Panacea investment, expand cannabis capabilities - 22nd Century Group announced it has signed a definitive agreement to restructure its strategic investment in Panacea Life Sciences, Inc., in line with the ongoing development of 22nd Century's strategic partnership network. Under terms of the agreement, 22nd Century's existing $7M note in Panacea will be exchanged for ownership of Needle Rock Farms, located in a prime Colorado hemp/cannabis growing location and valued at $2.2M. The Company will also receive a new $4.3M note and $500,000 in Panacea equity. The new note is backed by a mortgage on the Panacea Life Sciences operations building located in Golden, CO, appraised at $10.7M. Panacea will retain certain farm assets under its own nameplate of PANA Organic Botanicals at Needle Rock. Also under the agreement, $7M in Panacea Life Sciences Series B Preferred Stock held by 22nd Century will be converted into 91 million shares of Exactus, as part of a business combination transaction via share exchange with Panacea under which Panacea will become publicly traded. The transaction is expected to be immediately accretive to 22nd Century. "This exchange is an exciting leap forward for 22nd Century as we advance our upstream value chain strategy to bring highly disruptive hemp and cannabis plant lines to market. It is also highly attractive to 22nd Century on a financial basis, creating immediate value, asset-backed future value and potential future liquidity from an existing investment," said James Mish, CEO of 22nd Century Group. "Needle Rock Farms is a world-class farming operation in a prime growing location where we already have plants in the ground toward our goal of revenue recognition from our cannabis franchise in the second half of 2021. We will also retain access to Panacea's extraction, purification and testing equipment located in Golden, CO for the benefit of our customers."
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ANIK | Hot Stocks09:18 EDT Anika Therapeutics announces first surgery performed with WristMotion system - Anika Therapeutics announced the limited launch and first surgery performed with Anika's WristMotion Total Wrist Arthroplasty System. The procedure, which is intended to alleviate pain and restore function, mobility, and rotational freedom of an arthritic wrist joint, was completed by Arnold-Peter C. Weiss, M.D. on June 30, 2021. "At Anika, we continue to focus on meaningful advancements in areas with unmet needs as well as market opportunities that will allow patients to remain active and engaged in the activities they love. Preserving motion and native anatomy are core pillars of our innovation philosophy and our R&D roadmap where the WristMotion TWA is a key strategic addition to our portfolio. This is another hand and wrist collaboration with Dr. Arnold-Peter Weiss, who shares our passion for innovation in this space, and has provided us a wealth of design and clinical input into products that we believe will change the treatment algorithms and improve patients' lives," said Steven W. Ek, Vice President of R&D at Anika. "The WristMotion System is a major advancement in total wrist replacement and further solidifies our leadership position in this market while providing an opportunity to pull through other key products in our joint preservation portfolio. We are thrilled that patients will now be able to experience the benefits of this minimally invasive, bone-sparing and motion preserving treatment for wrist pain and arthritis. It doesn't just restore motion, it restores natural motion." The WristMotion TWA System, cleared by the FDA in October 2020, is a modular joint preservation system that replaces both the radial and carpal sides of the wrist joint for patients suffering from rheumatoid arthritis, osteoarthritis, or post-traumatic arthritis. The WristMotion TWA System, along with the WristMotion Hemiarthroplasty device, provides surgeons with multiple treatment options for different stages and severities of wrist osteoarthritis.
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SURG | Hot Stocks09:16 EDT SurgePays launches custom private label gift card program - SurgePays announces a new program offering SurgePays clients the capability to create custom, closed loop, private label gift card programs for convenience store, mini-mart, tienda, and bodega owners to offer to their retail customers. These private label gift cards provide additional convenience and loyalty opportunities for these locations' customers. In a four-store pilot of the program, SurgePays customers conducted approximately 6,300 transactions in one month using the customizable gift cards. The cards are only valid at the merchant that produces them and resembles a branded gift card in all ways, from the industry-standard plastic design to account numbers encoded on a magnetic stripe that allows terminals to read them when swiped.
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IEA | Hot Stocks09:16 EDT Infrastructure and Energy Alternatives awarded $70M contract in Illinois - Infrastructure and Energy Alternatives announced that the company has been awarded the Big Sky Repower balance of plant project valued at approximately $70M. Vitol, a leading energy company awarded the project to White Construction, a subsidiary of IEA that manages utility-scale renewable energy and heavy civil infrastructure projects. The award is for the repowering of a 240 megawatt utility-scale wind farm in the Bureau and Lee Counties of Illinois. Work on repowering the Big Sky Wind Farm will begin in August 2021 and is expected to be completed in July 2022. IEA will self-perform all of the engineering, procurement and construction needs of the project, including full decommissioning and foundation removal of five wind turbine generators and the repowering of 109 WTGs, including the replacement of nacelles, hubs, blades and adaptor rings. By the end of the construction, it is expected that the project will increase the wind farm's annual output by approximately 60%.
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BLIN | Hot Stocks09:15 EDT Bridgeline Digital's partner network wins over 20 site search licenses in Q3 - Bridgeline Digital announced that its partner network won more than 20 site search licenses this quarter for Celebros and HawkSearch, its most recent acquisition. Bridgeline's current partners include AmericanEagle.com, BigCommerce, Magento, Optimizely, Oro Commerce, Salesforce, SAP, and Shopify.
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IMAC | Hot Stocks09:14 EDT IMAC launches acute care services for musculoskeletal injuries - IMAC announces the launch of its dedicated acute injury service line. Coinciding with the launch of this service, IMAC will provide physicians, lawyers, and referral sources a toll-free hotline for around-the-clock access to schedule patients with acute sports, accident, and work-related injuries. The acute injury service is available at IMAC Regeneration Center locations in Florida, Illinois, Kentucky, Missouri, and Tennessee, which specialize in providing regenerative, orthopedic, and minimally invasive procedures and non-opioid therapies that are ideally suited to treat acute musculoskeletal injuries often caused by a wide range of accidents. IMAC currently delivers work-related injury rehabilitation services for the United States Department of Labor. "Formalizing the acute injury process is an example of taking a successful service from an acquired practice and implementing it in all IMAC clinics," said Jeff Ervin, IMAC's CEO. "Our goal is to give patients access to the most appropriate care quickly. Our existing infrastructure and talented medical team gives patients and referrers confidence for speedy access to quality care."
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AVCO | Hot Stocks09:14 EDT SenlangBio initiates first-in-human trial in recurrent brain cancer - Avalon GloboCare announced that its planned acquisition target, SenlangBio, has initiated a first-in-human clinical trial evaluating anti-EphA2 chimeric antigen receptor T-cell therapy for recurrent glioblastoma. Glioblastoma is the most common type of primary brain tumor and a devastating and aggressive cancer with few treatment options. SenlangBio's anti-EphA2 CAR-T is a first-in-class cellular therapy and to our best knowledge, the first ever EphA2-targeted CAR-T with reported clinical trial data. Erythropoietin-producing hepatocellular receptor tyrosine kinase class A2 is a tumor-associated antigen expressed on glioblastoma cells but not on non-cancerous, normal cells of the brain. The anti-EphA2 CAR-T therapy is designed to attack the brain cancer while preserving healthy brain cells. Currently approved CAR-T therapies have been successful for patients with difficult to treat CD19-positive leukemias and lymphomas. However, prior attempts of treating solid tumor patients with CAR-T therapies have thus far not been shown to be effective. SenlangBio is developing next generation CAR-T therapies for solid tumors by focusing on strategic cancer cell targets such as EphA2 that are specific to cancer cells. Three patients have received the starting dose of anti-EphA2 CAR-T in this dose-escalation trial. Preliminary clinical trial results were recently published in the June 2021 issue of the peer-reviewed journal Frontiers in Oncology. To date, the therapy has been well-tolerated and the CAR T-cells have demonstrated persistent activity over four weeks after initial dosing in patients. Prior to initiation of the clinical trial, SenlangBio successfully completed pre-clinical feasibility testing of its anti-EphA2 CAR-T and obtained Institution Review Board approval from Xuanwu Hospital, the teaching hospital of Capital Medical University, Beijing, China, where the trial is being conducted.
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PPTA | Hot Stocks09:13 EDT Perpetua Resources' proposed action in NEPA process advanced by Forest Service - Perpetua Resources announced that the United States Forest Service - USFS - is advancing Perpetua Resources' modified proposed action in the National Environmental Policy Act - NEPA - process and updated the permitting schedule for the Stibnite Gold Project. Perpetua Resources' modified proposed action represents refinements to Alternative 2 of the August 2020 Draft Environmental Impact Statement. The refined plan incorporates stakeholder feedback on the DEIS and is designed to reduce the project footprint and improve environmental outcomes. The USFS's decision advances Perpetua Resources' improved and preferred Project design in the NEPA process and sets the Project on a clear path to a final permitting decision. The USFS will eliminate DEIS Alternatives 1 and 3 from further consideration. In order to ensure a full analysis of the refined Project, the USFS plans to issue a targeted Supplemental Draft Environmental Impact Statement and provide the public and cooperating agencies the opportunity to review and comment on the additional analysis. The Project schedule update includes that the SDEIS will be released in Q1 2022, a Final Environmental Impact Statement and draft Record of Decision will be published in Q4 2022, and a final Record of Decision will be issued in the first half of 2023.
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FXNC | Hot Stocks09:13 EDT First National Corporation completes acquisition of The Bank of Fincastle - First National announced that it has completed the acquisition of The Bank of Fincastle effective July 1. Following completion of the Merger, Fincastle was merged with and into First Bank. Pursuant to the previously announced terms of the Merger, each outstanding share of Fincastle common stock is entitled to receive 0.1649 shares of First National's common stock, or $3.30 in cash, or a combination of stock and cash, subject to election and proration such that the aggregate consideration will consist of 80% First National common stock and 20% cash. If Fincastle shareholders elect for more than 20% of Fincastle's outstanding shares of common stock to be exchanged for cash consideration, First National has the unilateral right to increase the amount of cash paid up to 22% of Fincastle's outstanding shares of common stock and proportionally decrease the amount of First National common stock issued. Immediately following the Merger, the former branches of Fincastle assumed in the Merger will continue to operate as The Bank of Fincastle, a division of First Bank, until the systems integration is completed in October 2021. With the addition of Fincastle, the Company would have had approximately $1.2 billion in assets, $868M in loans and $1.1B in deposits on a combined pro-forma basis at December 31, 2020.
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STM | Hot Stocks09:12 EDT STMicroelectronics, Feig collaborate on contactless product personalization - STMicroelectronics and Feig Electronic have combined their RFID know-how in a time-saving logistics solution that can help cut numerous costs and enhance flexibility for vendors of high-tech products such as smart industrial, consumer, and medical devices. Together the Companies have created a production-ready contactless system capable of personalizing palletized items containing ST's ST25DV NFC dynamic tags in just a few seconds, eliminating the need to power-up or even remove the products from their packaging. With this system, end users can eliminate the costs associated with inline programming and leverage contactless NFC technology to enjoy efficient, economical, and flexible stock-management and logistics.
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SHEN TMUS | Hot Stocks09:11 EDT Shenandoah completes sale of wireless assets, operations to T-Mobile - Shenandoah Telecommunications Company (SHEN) announced today the closing of the previously announced sale of its Wireless assets and operations to T-Mobile USA, Inc. (TMUS). The Company received cash proceeds of $1.94B, inclusive of the approximately $60M settlement of the waived management fees by Sprint Corporation, an indirect subsidiary of T-Mobile, and net of certain transaction expenses. As required by the terms of its 2018 credit facility, $684M of the proceeds were used to fully repay all outstanding debt and to terminate the facility and related interest rate swap contracts.
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GVP | Hot Stocks09:10 EDT GSE Systems to deliver simulation solution for energy utility in Saudi Arabia - GSE Systems announced the sale of a complete simulator solution for a Combined Cycle Gas Turbine plant that belongs to a global energy utility based in Saudi Arabia. This simulator solution will provide true high-fidelity models for operator training and engineering for a global energy company that operates in approximately 70 countries on 5 continents. This new order is valued at $1.2M. The customer is committed to accelerate the transition towards net zero carbon in 2045.
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PHG | Hot Stocks09:10 EDT Philips announces first patient treated with VeriSight Pro catheter - Royal Philips announced the first minimally-invasive heart procedure using its new real-time 3D intracardiac echocardiography catheter. The Left Atrial Appendage Occlusion procedure was carried out by Mohamad Adnan Alkhouli, M.D., at Mayo Clinic. Used together with Philips Premium Cardiology Ultrasound System the real-time 3D Philips Intracardiac Echocardiography Catheter - VeriSight Pro - offers 2D and 3D live image guidance for a wide range of procedures in structural heart disease and electrophysiology, allowing interventionalists to navigate procedures with ease, provide superior care, and optimize cath lab performance.
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NNDM | Hot Stocks09:09 EDT Nano Dimension, Hensoldt announce joint venture for advancing 3D printing design - Nano Dimension announced that it has formed a partnership with HENSOLDT. The recently formed joint venture entity is named J.A.M.E.S. "Nano Dimension is a leading manufacturer of intelligent machines which 3D-print Additively Manufactured Electronics. HENSOLDT has been using Nano Dimension's DragonFly PRO and LDM 3D-AME printer technology since 2018, to fabricate many innovative "first-of" designs, as 3D-printed circuit boards/AME 3D Hi-PEDs," the company said. HENSOLDT and Nano Dimension have been working together to expand the capabilities of AME 3D Hi-PEDs. By formalizing their cooperation and co-investing approximately $6M in the new joint venture entity, J.A.M.E.S, HENSOLDT is strengthening its commitment to developing the most advanced technology in 3D printing. The joint venture is led by HENSOLDT Ventures, an independent unit within HENSOLDT, which implements and brings to market new technologies and business models for the HENSOLDT Group. Yoav Stern, Chairman of the Board & CEO of Nano Dimension, who will serve as the Chairman of the J.A.M.E.S Board of Directors, stated, "I am confident that the co-investment of a supplier of transformative technologies such as Nano Dimension, and an early innovative, advanced adopter, committed to added value disruption such as HENSOLDT, will produce game changing electronic solutions for both suppliers and users of AME/PE. We are on the verge of a revolution in 3D electronic additive manufacturing and are excited to establish a strong ecosystem to drive the development of AME with HENSOLDT. J.A.M.E.S GmbH establishes a strong foundation for a world-wide network to foster research, innovation and ultimately the development of Hi-PEDs in areas and industries still unexplored."
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HOLI | Hot Stocks09:08 EDT Hollysys urges holders to take no action on consortium's consent solicitation - Hollysys responded to the consent solicitation materials filed by CPE Funds Management, Ace Lead Profits, and an individual investor with the following statement: "The Hollysys Board and management team are committed to acting in the best interest of shareholders and maximizing long-term value creation. The company regularly engages with shareholders on a range of topics and values their constructive input. The company has not authorized any third party to engage in negotiation with existing shareholders or potential investors relating to the shareholding structure of the company. In addition to substantial revenue growth and major technological achievements, the company continues to generate strong momentum around the growth potential of industrial automation. Proceedings involving Ace Lead Profits, an individual investor and the company, relating to the company's charter documents, are ongoing in the Eastern Caribbean Supreme Court, with the trial of those proceedings due to commence shortly. Hollysys considers the solicitation process to be inappropriate at this time, and urges its shareholders to refrain from taking any action."
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CENT | Hot Stocks09:08 EDT Central Garden & Pet acquires D&D Commodities, terms undisclosed - Central Garden & Pet announced that it has acquired D&D Commodities. Headquartered in Stephen, Minnesota, D&D is a provider of bird feed. The addition of D&D's brands will expand Central's portfolio in the bird feed category and further deepen the company's relationship with major retailers. Established in 1987, D&D develops, manufactures and sells food for birds, small animals and wildlife under the 3D, Wild Delight, Better Bird and L'Avian Plus brands. The company operates three manufacturing plants in Stephen, Minnesota, Argyle, Minnesota and Greeley, Colorado and sells to large retailers, farm & feed, garden centers and online.
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GBOX | Hot Stocks09:08 EDT 733Park deal sources for GreenBox POS - 733Park's deal sourcing team recently sourced Northeast Merchant Systems, a provider of comprehensive merchant credit card processing services for GreenBox POS, a customized blockchain payment solution system. The acquisition brings new retail merchant accounts to @GreenBox as well as a new BIN sponsor relationship. @GreenBox furthers its ability to create customized payment systems for businesses, including solutions with cashless transactions, cryptocurrency, and digital payments.
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ZETA | Hot Stocks09:08 EDT Zeta Global elects Jene Elzie to board as Class I director - Zeta announced that Jene Elzie has been elected to the Zeta board of directors as a Class I director, increasing the size of the board to six directors. Elzie is currently chief growth officer at Athletes First Partners Agency, a role she has held since 2018. "Elzie will support the next phase of Zeta's growth and its commitment to helping enterprises thrive in a rapidly changing digital ecosystem," the company stated.
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APO | Hot Stocks09:07 EDT Intrado says patient engagement solution score jumps 13 points in KLAS report - Intrado Corporation announced that its HouseCalls Pro platform received a score of 88.3 out of 100 in a new First Look report by independent analyst firm KLAS Research. The score places Intrado among the top tier of patient engagement solutions, and well above the average score for solution providers that KLAS profiles. Intrado also received strong KLAS sub-scores of 8 or higher on key customer satisfaction metrics such as product quality, ease of use, and money's worth. The report is based on independent research and analysis done by KLAS, including comprehensive surveys conducted with Intrado's healthcare customers about Intrado and its HouseCalls Pro patient engagement platform. Additional highlights in the report include the following: 100% of Intrado customers report that HouseCalls Pro is part of their long-term patient engagement plans. All desired customer outcomes, including decreased no-shows, improved communication with patients, and shifting appointment reminder responsibility from staff, were achieved by HouseCalls Pro. The score reflects a 13-point increase over Intrado's previous rating, reflecting product and service improvements that Intrado delivered in the past year. The report also notes that healthcare providers are highly optimistic about Intrado's future and the strategic direction the organization is taking within the healthcare industry.
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CSX | Hot Stocks09:07 EDT CSX completes acquisition of Quality Carriers - CSX announced it has completed its previously announced acquisition of Quality Carriers, from Quality Distribution. Financial terms of the transaction were not disclosed. Quality Carriers operates over 2,500 trucks and 6,400 trailers that serve many of the largest chemical producers and processors. "The addition of Quality Carriers enables CSX to extend the reach of its network and gain access to new products, markets, and regions through a unique and competitive multimodal solution that leverages the reach of truck transportation with the cost-advantage of rail-based services," the company said. "We are thrilled to welcome the Quality Carriers team to CSX," said James Foote, president and chief executive officer of CSX. "We strive to provide chemical producers and shippers with the most efficient, cost-effective transportation services possible. By combining CSX's and Quality Carriers' capabilities, we can deliver an unparalleled multimodal solution that will generate substantial value for our customers."
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CTXR | Hot Stocks09:06 EDT Citius Pharmaceuticals receives recommendation to continue Mino-Lok trial - Citius Pharmaceuticals announced that following a unblinded data review of safety and efficacy, the independent Data Monitoring Committee - or DMC - for the Mino-Lok Phase 3 Pivotal Superiority Trial has recommended proceeding with the trial as planned. The DMC did not identify any safety concerns and no modifications were recommended to the protocol-defined sample size or power to achieve the primary endpoint. A recommendation to continue the trial as planned indicates that the data reviewed by the DMC, at this juncture, is within the statistical boundaries determined by Citius in order to complete the trial with the protocol-defined sample size and power to achieve the primary endpoint.
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VIACA VIAC | Hot Stocks09:06 EDT ViacomCBS to unify U.S., international businesses under leadership structure - ViacomCBS announced that it will unify the company's U.S. and international businesses under a simplified global leadership structure. Effective immediately, Chris McCarthy and Brian Robbins are each promoted to the role of president and CEO, with global oversight for their respective brand groups, MTV Entertainment and Nickelodeon. In addition, George Cheeks, president and CEO, CBS, will expand his role to include responsibility for a global content strategy across ViacomCBS' FTA networks around the world. McCarthy, Robbins and Cheeks will continue to report to Bob Bakish, president and CEO, ViacomCBS, and work closely with Raffaele Annecchino, president and CEO of ViacomCBS Networks International. International brand leadership will be realigned under this new structure. In addition, Dan Cohen, president of ViacomCBS global distribution group, will add distribution of ViacomCBS International Studios content to his group's mandate, which will now oversee all ViacomCBS content licensing and distribution globally. Barbara Zaneri assumes the title of chief program acquisitions officer for ViacomCBS, to reflect her expanded role leading all acquisitions globally across linear, streaming and pay. Zaneri will continue to report to McCarthy and partner closely with leaders across ViacomCBS and VCNI.
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IPG | Hot Stocks09:06 EDT Interpublic Group launches IPG Health - Interpublic Group announced that FCB Health and McCann Health will be re-aligned under a new global network, to be called IPG Health, and a unified senior management team. In this new operating model, the distinct agency brands remain active and will continue to go to market independently, but will benefit from additional specialty services, knowledge-sharing, proactive career management, and coordinated collaboration. The IPG Health offering will be led by CEO Dana Maiman. She will partner with Executive Chairman John Cahill, and the IPG Health Executive Leadership Team, which consists of Raj Singhal, who joins the network from IPG's Huge, Mike Guarino and Lisa DuJat, who join from FCB Health, and Charlie Buckwell, who joins from McCann Health. A global senior leadership team and creative council, consisting of leaders from both FCB Health and McCann Health, has already been identified and will focus on unlocking the benefits of the two agencies' complementary assets for both existing and prospective clients. The day-to-day teams at the agency brands within both McCann Health and FCB Health remain in place and will continue to provide their clients with the industry's most awarded and experienced talent, including scientists, strategists, creatives and engagement specialists across the healthcare marketing spectrum. IPG Health brings together 5,000 global health communication professionals across six continents, enabling client teams to draw on a broader integrated talent pool on a highly customized, as-needed basis. The healthcare marketing agencies will continue to partner with IPG's global creative networks, as well as the broader portfolio of media and marketing services providers, using IPG's collaborative open architecture model. In addition to the various specialty offerings at FCB Health and McCann Health that IPG Health will tap into on behalf of clients, the new unit will also move to centralize technology and create a uniform operating system that elevates our dynamic content for all clients through an integrated offering. This technology, enhanced by IPG's Kinesso and Acxiom units, includes data and analytics solutions customized for life sciences and its unique group of global stakeholders.
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FAF | Hot Stocks09:05 EDT First American announces acquisition of Georgetown Title, no terms - First American Financial announced the acquisition of Georgetown Title. Georgetown Title will become part of the direct operations of First American's largest subsidiary, First American Title Insurance Company, strengthening First American Title Insurance Company's ability to serve customers in Williamson County. Georgetown Title's customers will benefit from access to industry-leading resources and state-of-the-art technology available from one of the nation's largest title and settlement providers. "The Georgetown team has an outstanding reputation in Williamson County and their commitment to teamwork and providing a positive customer experience aligns well with First American's values," said Justin Taylor, vice president and state manager for First American Title's Texas operations. "We are eager to welcome the Georgetown team to the First American family and look forward to bringing added services and resources to their customers in Williamson County, specifically in the thriving communities of Georgetown and Round Rock."
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MGM BX | Hot Stocks09:05 EDT MGM Resorts to buy Infinity World's 50% interest in CityCenter Holdings - MGM Resorts (MGM) announced that it has entered into a definitive agreement to purchase Infinity World Development Corp's 50% interest in CityCenter Holdings for $2.125B. The purchase price represents an implied valuation of $5.8B based on net debt of $1.5B, after giving effect to the recently closed sale of a two-acre parcel. The agreement will make MGM Resorts the 100% owner of CityCenter on the Las Vegas Strip, which is comprised of Aria Resort & Casino and Vdara Hotel and Spa. MGM Resorts has also entered into a definitive agreement with Blackstone (BX) to monetize the Aria and Vdara real estate assets, pending the close of the equity purchase agreement between MGM Resorts and Infinity World. Under terms of the agreement, funds managed by Blackstone will acquire the Aria and Vdara real estate for $3.89B in cash, which represents a multiple of 18.1x rent. Following the acquisition, both properties will be leased to MGM Resorts for initial annual rent of $215M. The transactions are expected to close in the third quarter, subject to certain closing conditions. The closing of the Infinity World transaction is not contingent on the closing of the transaction with Blackstone.
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JAMF | Hot Stocks09:04 EDT Jamf Holding completes acquisition of Wandera - Jamf announced it has completed the acquisition of Wandera, a leader in zero trust cloud security and access. This acquisition positions Jamf to help IT and security teams confidently protect devices, data and applications while extending the intended Apple experience through the most robust and scalable Apple Enterprise Management platform in the market. "I am very excited to bring Wandera's Apple-first and Apple-best unified cloud security capabilities into the Jamf platform," said Dean Hager, CEO, Jamf. "We believe the way Wandera has built their solutions provides a significant technical advantage to customers and a superior experience for their end users - directly lining up with our purpose of empowering people with technology that puts them first." "Jamf and Wandera both integrate with cloud identity providers to ensure secure access to company resources. While Jamf currently allows users to leverage their single identity and biometrics to access their Mac and cloud applications, Wandera is a true zero trust network access solution that replaces legacy conditional access and VPN technology. It ensures that after a user authenticates into their device, business connections are secured while enabling non-business applications to route directly to the Internet, preserving end-user privacy and optimizing network infrastructure. For IT, deploying servers, managing certificates, and configuring IP addresses are a thing of the past," the company said. The transaction was completed as expected during Jamf's third quarter 2021 and was subject to customary closing conditions, including required U.S. regulatory approvals.
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GABC | Hot Stocks09:04 EDT German American Bancorp appoints D. Neil Dauby as president, CEO - German American Bancorp and German American Bank have announced the next steps of their previously disclosed ongoing management succession plan. The Company's Board of Directors, at its recent annual reorganization meeting, approved the following changes effective as of January 1, 2022: Mark Schroeder will be assuming the position of Executive Chairman, D. Neil Dauby will be assuming the position of President & CEO and Bradley Rust will transition to an expanded role of Senior Executive Vice President & COO, while also continuing in his current CFO role. Mr. Dauby has also been appointed to the boards of both organizations effective immediately. Schroeder, who has been with German American for the entirety of his 49 years of banking industry experience, has served as the Company's CEO since January 1, 1999. Hw will act in a senior advisory capacity as he assumes his new role as Executive Chairman in anticipation of his expected retirement as an executive officer and active employee of the Company during the second quarter of 2022. It is expected that Mr. Schroeder will continue to serve as chairman of the Company's Board until the completion of his current board term at the 2023 annual shareholders' meeting. Dauby, who joined German American in 2001, will assume the CEO role as of January 1, 2022. As President & CEO, Neil will assume overall responsibility for all operating and strategic aspects of the Company, reporting directly to the Board of Directors. Rust joined German American in 1999 in connection with the Company's merger with 1ST Bancorp of Vincennes, Indiana. He has more than 30 years of banking experience. In his expanded role as the Company's COO, Mr. Rust will assume more extensive involvement in the executive oversight of the operations of the Company, while also continuing in his present role as chief financial officer with responsibility for the Company's accounting and finance functions, including mergers and acquisitions, institutional research and shareholder relations.
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VEON | Hot Stocks09:03 EDT Veon exercise its put option to sell stake in Algerian subsidiary Djezzy - Veon has exercised its put option to sell the entirety of its 45.57% stake in its Algerian subsidiary, Omnium Telecom Algerie SpA to the Algerian National Investment Fund, Fonds National d'Investissement. Omnium owns Algerian mobile network operator, Djezzy. The exercise of the option initiates a process under which a third-party valuation is undertaken to determine the fair market value at which the transfer will take place.
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MGNI | Hot Stocks09:02 EDT Magnite announces acquisition of SpringServe for $31M - Magnite announced the acquisition of SpringServe, an ad serving platform for connected TV. The purchase price was approximately $31M, pursuant to a previously negotiated option agreement that Magnite secured as part of its acquisition of SpotX in April. Last year, SpotX made a minority investment in SpringServe in conjunction with a strategic partnership agreement between the two companies. "The addition of SpringServe will better position Magnite to meet the needs of leading CTV publishers, no matter where they are in the evolution of their sales channel strategy," said Michael Barrett, President and CEO at Magnite. "If CTV publishers want to be fully programmatic, they can leverage our CTV SSP, and if they're in the early stages of programmatic, the SpringServe ad server will allow them to go at their own pace and customize their prioritization of direct-sold and programmatic demand. Additionally, our hybrid solution enables programmatic demand to compete with the publisher's direct-sold demand and optimize yield automatically."
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HYMTF | Hot Stocks09:01 EDT Hyundai Motor America reports total June sales of 72,465 units, up 45% y/y - Hyundai Motor America reported total June sales of 72,465 units, a 45% increase compared with June 2020. This was the highest June sales total in Hyundai history and the fourth consecutive month setting a new monthly record. Hyundai set a new June retail sales record with 66,765 retail sales, up 36%. Retail sales rose for the entire lineup with SUVs (+24%), cars (+64%) and eco-friendly vehicles (+639%), all growing substantially. Eco-friendly vehicles also accounted for 11% of the retail volume. In the second quarter, Hyundai sold 240,005 total (+69%) and 226,094 retail (+69%) units, both all-time Q2 records. The first half also saw new records with 407,135 total (+49%) and 383,564 retail (+55%) sales.
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RXRX | Hot Stocks08:56 EDT Recursion Pharmaceuticals doubling size of Salt Lake City headquarters - Recursion is doubling the size of its headquarters at The Gateway in downtown Salt Lake City, signing a new lease with Vestar for an additional 100,000 square feet. The Gateway is a mixed-use lifestyle and entertainment district. Recursion originally signed a lease in 2018 for 100,000 square feet at The Gateway, where it currently has over 250 employees. The company is expected to expand into its new space in 2Q22.
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FRTA | Hot Stocks08:50 EDT Forterra acquires Barbour Concrete Company, terms not disclosed - Forterra announced that it has acquired the business of Barbour Concrete Company & Barbour Building Systems, a manufacturer of precast concrete products used in drainage, stormwater, utility and other infrastructure applications. Based in Independence, Missouri, Barbour primarily serves the greater Kansas City metropolitan area. For the past 75 years, Barbour has provided high quality products and service to meet customer needs as well as serving as a leader in the National Precast Concrete Association. Forterra expects to continue operating as Barbour Concrete & Barbour Building Systems for the foreseeable future and believes this acquisition will gain it access to new opportunities for growth in the strong and expanding Kansas City infrastructure and residential markets.
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TTWO | Hot Stocks08:48 EDT Take-Two buys video-based facial animation firm Dynamixyz, terms undisclosed - Take-Two Interactive Software announced that it has acquired privately-held video-based facial animation firm Dynamixyz. "Founded in 2010 in Cesson-Sevigne, France, Dynamixyz owns and operates a suite of leading-edge, proprietary motion capture, facial-analysis, and full 3D processing tools and technology that combines computer graphics, computer vision, and machine learning. Over the past decade, Dynamixyz has been a valued partner of the entertainment industry, including Take-Two's wholly-owned labels, Rockstar Games and 2K, and has worked on such acclaimed projects as Red Dead Redemption 2 and NBA 2K21, the animated series Love, Death & Robots, and movies, including Avengers: Endgame. Financial details of the acquisition were not disclosed," the company noted. "Dynamixyz's revolutionary facial analysis technology and services is a highly complementary and strategic addition to Take-Two's world-class publishing and development structure," said Michael Worosz, Executive Vice President and Head of Strategy and Independent Publishing for Take-Two. "Gaspard and the visionary team at Dynamixyz have a well-earned reputation for providing the widest and smartest range of facial motion capture solutions to the entertainment industry, and their work has captivated millions of people around the world from the box office to the living room. We're thrilled to have them join our team, incorporate their proprietary technologies and creative wonder into our future offerings, and to continue to evolve their capabilities and solutions."
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FCEL | Hot Stocks08:38 EDT FuelCell completes site construction of fuel cell project in San Bernardino - FuelCell Energy announced the completion of site construction and commencement of commercial operation for its 1.4 megawatt SureSource 1500 biofuels fuel cell project with the City of San Bernardino Municipal Water Department in California. FuelCell Energy's platform eliminates the need for another flare in California. FuelCell Energy offers the only fuel cell power generation platform approved by the California Air Resource Board for use with on-site biofuels. The commercial operation of this project adds 1.4 megawatts to the Company's generation fleet portfolio, bringing the total to 34 megawatts. Key project highlights include: The SureSource 1500 power plant operates on the City's anaerobic digester gas, which will be treated by the proprietary SureSource Treatment system, cleanly producing electricity and thermal energy to support the operation of the SBMWD water reclamation plant. The SBMWD will purchase the clean electricity produced through a 20-year Power Purchase Agreement. The SureSource 1500 power plant will use methane-rich biogas that would otherwise be flared, wasting energy and producing emissions, to produce hydrogen for the production of clean, renewable, carbon neutral power. The SureSource 1500 power plant provides thermal heat that enhances the water treatment process. The SureSource Treatment system is a proprietary clean up technology optimized by FuelCell Energy's extensive experience with on-site biogas treatment. This system allows FuelCell Energy to clean up biofuel and use it on site without injection into the common carrier gas pipeline. Gas treatment requirements are reduced compared to pipeline injection because of the ability of SureSource fuel cell systems to utilize low-Btu biogas.
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USPH | Hot Stocks08:38 EDT U.S. Physical Therapy acquires 65% of equity interests pf practice for $10.3M - U.S. Physical Therapy announced an acquisition of an eight-clinic physical therapy practice. USPH acquired 65% of the equity interests of the physical therapy practice with the practice's founder and owners retaining 35%. The purchase price was $10.3M. The business generates more than $7.3M in annual revenue and has approximately 65,000 patient visits per year. Chris Reading, Chief Executive Officer, stated, "We continue to attract great partners and this current opportunity is no different. We have a terrific group of highly motivated partners whom we are excited to help grow and scale forward."
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PDSB | Hot Stocks08:36 EDT PDS Biotechnology joins Russell Microcap Index - PDS Biotechnology Corporation was added to the Russell Microcap Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective on June 28, according to the FTSE Russell website.
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ITI | Hot Stocks08:36 EDT Iteris awarded two contracts from LA Metro for smart mobility planning services - Iteris announced that it has been awarded two contracts from the Los Angeles County Metropolitan Transportation Authority, or LA Metro, for smart mobility planning services related to the conversion of high-occupancy toll, or HOT, lanes on two major freeways in Los Angeles County, demonstrating demand for Iteris' specialized consulting services in a key geographic market. Under the terms of the two sub-contract agreements with WSP and Parsons Corporation, which total $1.5M, Iteris will provide services in the areas of traffic forecasting, microsimulation and development of concept of operations to support HOT lane conversions along the I-405 Freeway through the Sepulveda Pass and the I-10 Freeway in the San Gabriel Valley respectively. The freeway system improvement strategy will help to reduce congestion, improve mobility, and provide more routing flexibility and traffic efficiency for around 600,000 daily highway users across more than 25 freeway miles in Los Angeles County.
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PRPH | Hot Stocks08:36 EDT ProPhase Labs engages CORE IR for investor relations services - ProPhase Labs announced that it has retained CORE IR to assist the Company with investor relations, public relations and shareholder communications services. CORE IR will focus on expanding market awareness for ProPhase and conveying the Company's business model and growth strategies to the institutional and retail investment communities.
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PESI | Hot Stocks08:35 EDT Perma-fix Environmental announces new contract award for TSDD project - Perma-Fix Environmental Services announced that it has been awarded a multi-million dollar service contract for the Tritium Systems Demolition and Disposal, TSDD, project, which is expected to be completed over the next 18 months. The purpose of the TSDD project is to remove legacy tritium systems and equipment from the Princeton Plasma Physics Laboratory, with a goal of reducing the risk of a release and safely disposing of contaminated materials. Perma-Fix will serve as the technical expert for this project, providing project management, characterization and material disposal services. The key subcontractors include Gottstein Corporation and ICE Service Group. Mark Duff, CEO, stated, "We are pleased to have been awarded this new project supporting the Princeton Plasma Physics Laboratory through the United States Department of Energy, which will include remediation, demolition and tritium waste management services at the James Forrestal Campus. Our selection for this important project highlights our prior success conducting complex remediation and building demolition in hazardous environments, as well as the capabilities of our team to establish a technical and management solution that addresses the unique challenges at PPPL in order to safely complete the project over the next eighteen months. Moreover, this award increases our funded backlog and bolsters our Services Segment revenues heading into the second half of 2021."
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SFET | Hot Stocks08:35 EDT Safe-T to acquire CyberKick for initial consideration of $9.3M - Safe-T Group announced the acquisition of CyberKick. The closing of the transaction is expected next week, subject to certain customary closing conditions, including the delivery of all required documents and approvals, and its cash consideration will be funded with internal cash resources. CyberKick is a provider of Software-as-a-Service security and privacy tools, designed to reduce users' vulnerability to threats while making them more resilient in their online activity, to prevent and defend against a wide spectrum of cyber threats as well as to provide users with control of their accounts and management of access to sensitive data. The acquisition will complement Safe-T's secure access portfolio for organizations with the addition of solutions against known and unknown threats and expand its footprint in the private users' cybersecurity market. According to unaudited results provided to Safe-T, the acquired business generated revenues of approximately $4.2M in 2020 and was profitable. The initial consideration paid on the closing of the transaction, for the sale and purchase of 100% of the equity interest in CyberKick, was a combination of cash, $3.7M, and equity, $5.6M, representing approximately 163 million of Safe-T's ordinary shares - approximately 13.5% of the outstanding share capital post-acquisition. The consideration may be increased by an additional earn-out payment of up to $3M in total, subject to certain revenue targets of CyberKick during the first and second year following the closing of the transaction. Safe-T may decide, at its sole discretion, to pay the earn-out consideration in whole or in part in equity. Safe-T committed to support and boost CyberKick's growth by providing financing of $2.5M in the 24 months following the acquisition. Dawson James Securities, Inc. acted as financial advisor to the Company and provided a fairness opinion to the Company's board of directors in connection with the acquisition.
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SLGN | Hot Stocks08:34 EDT Silgan Holdings appoints Adam Greenlee as CEO starting September - Silgan Holdings announced that, as part of the continuation of its long-term succession planning, its Board of Directors has appointed Adam J. Greenlee as Chief Executive Officer of the Company, effective September 1. Mr. Greenlee will also continue as President of the Company. Mr. Greenlee joined Silgan in 2005 and ran its North American Closures operations prior to being appointed Executive Vice President of the Company in October 2007. Mr. Greenlee was named Chief Operating Officer of the Company in 2009 and was appointed President of the Company in April 2019. Tony Allott has served as Chief Executive Officer of the Company since March 2006, only its second CEO since its founding in 1987. Mr. Allott will continue to serve as Executive Chairman of the Company. "Adam and I have worked closely together on every major activity of Silgan for the past decade and he has been responsible for the oversight of each of our operating businesses in recent years. Just as importantly, Adam understands and personifies the unique culture of our Company and has consistently shown his ability to deliver results as Silgan has continued on its path of growth and success. While I am sure his leadership will explore new ideas and opportunities, I am equally confident it will be founded on the ideals and principles that have served us so well in the past," said Tony Allott, Chairman and CEO.
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HZO | Hot Stocks08:34 EDT MarineMax acquires Nisswa Marine, sees accretion - MarineMax announced the acquisition of Nisswa Marine, a full-service Midwest dealer located in Nisswa, Minnesota. Nisswa generated revenue of over $35M in 2020. The acquisition is expected to be accretive in its first full year. Founded in the 1930's, Nisswa Marine is one of the oldest dealers in the country. Lead by Brent, Jeremy and Steve Wiczek, Nisswa Marine offers brands, including Mastercraft, Supra, Moomba, Chris Craft and Premier Pontoons. The Nisswa leadership team will continue to operate the business.
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QNTA | Hot Stocks08:34 EDT Medolife Rx report stability results Escozine conjugated with radioactive Iodine - Medolife Rx, which is a majority owned subsidiary of Quanta, announced that the company has completed a stability study on its lead drug candidate Escozine that was conjugated with radioactive iodine, showing strong stability throughout the study. The preclinical study took place in preparation for next steps of the company's clinical trials on Escozine under the guidelines of the US Food and Drug Administration. The company performed this preclinical study in advance of its impending Pharmacokinetic study on Escozine, the next step outlined by the FDA in its response to the company regarding its Pre-IND submission as a COVID-19 drug. Medolife has proven the stability of Escozine paired with radioactive iodine and is prepared to move into a full PK study per the guidelines given by the FDA. "Beyond our successful stability result on Escozine's peptide conjugated with radioactive iodine, we were even more excited by its potential applications in the field of diagnostics," said Medolife CEO Dr. Arthur Mikaelian. "We hope that those who follow our company see how quickly we are moving in this process since receiving our response from the FDA. These programs generally take years and we have wasted no time since receiving the guidelines in preparing for our next steps. We are extremely confident in Escozine's potential palliative and therapeutic benefits and look forward to updating those interested as soon as possible." In addition to its usefulness in PK studies, the Company foresees additional applications for Escozine's peptide conjugated with radioactive iodine in the field of diagnostics. Given that the pair remains stable in the body, Escozine conjugated with radioactive iodine could allow physicians and researchers further visualization of abnormalities in the body not previously visible without the radioactivity. Many lesions in the body can be small and difficult to identify using standard MRI imaging, but if Escozine conjugated with radioactive iodine were introduced into the body it would be drawn to the lesions, illuminating them on imaging devices and making it easier for physicians to identify and target hard-to-see abnormalities, which could lead to a reduced recurrence of cancer. The Company plans to further investigate this hypothesis as yet another potential for Escozine as a medical innovation and disruptor.
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ACN | Hot Stocks08:33 EDT Accenture acquires CS Technology, terms undisclosed - Accenture has acquired CS Technology, a technology firm and provider of infrastructure transformation services. CS Technology offers cloud infrastructure engineering capabilities with strengths in the areas of infrastructure and cloud planning, critical facilities design, data center and modern workplace technologies. Terms of the transaction were not disclosed. Established in 1992 and with headquarters in New York, CS Technology has offices in London, Melbourne and Sydney. The company provides a suite of strategy to execution services in the domains of data center, cloud, modern workplace and operating models with a mandate to enhance the return on people, process and technology investments. CS Technology currently serves Fortune 2000 clients across numerous sectors including financial services, retail and pharmaceutical, among others. CS Technology also holds strategic ecosystem partnerships with OEMs, data center providers and major cloud providers. The acquisition of CS Technology adds more than 100 professionals to Accenture with various accreditations in cloud, workplace, project management and engineering.
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HRTX | Hot Stocks08:32 EDT Heron Therapeutics launches Zynrelef for postoperative pain in the U.S. - Heron Therapeutics announced Zynrelef extended-release solution is now commercially available at all national wholesalers and the largest specialty distributors in the U.S. Zynrelef was approved by the FDA on May 12 for use in adults for soft tissue or periarticular instillation to produce postsurgical analgesia for up to 72 hours after bunionectomy, open inguinal herniorrhaphy, and total knee arthroplasty.
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DXCM ABT | Hot Stocks08:32 EDT DexCom sues Abbott for patent infringement - In a regulatory filing, DexCom (DXCM) disclosed that on June 30 the company initiated litigation against Abbott Diabetes Care (ABT) for infringement of certain of the company's patents. "Abbott previously sued the company for patent infringement in United States District Court for the District of Delaware on August 11, 2005. The parties settled the prior litigation on July 2, 2014 with a settlement and license agreement, which contained a covenant not to sue that expired on March 31, 2021. That covenant has not been extended by the parties. The company is therefore taking steps to protect and enforce its intellectual property rights. The litigation alleges that Abbott's Libre products infringe the company's patents covering its proprietary continuous glucose monitoring technology. The litigation seeks damages and injunctive relief," DexCom stated in the filing.
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ZCMD | Hot Stocks08:32 EDT Zhongchao establishes new subsididary, Zhongxin Ningxia - Zhongchao announced the establishment of a new subsidiary Ningxia Zhongxin Internet Hospital Co. under Shanghai Zhongxin Medical Technology Co., Ltd., a subsidiary of the company. Zhongxin Ningxia will build an internet hospital focusing on inpatient management services. It is another important initiative for Zhongchao's patient management business since the launch of its patient management service on the professional field of tumor and rare diseases in May 2021. Combined with Zhongchao's current patient management services for outpatients, the establishment of Zhongxin Internet Hospital will enable Zhongchao to form an all-in-one patient management service from diagnosis, treatment solutions, treatment engagement management to living improvement. The All-in-One Service will support continuity in treatment resulting in the improvement in patients' treatment experience. In addition, through sharing the data of inpatients and outpatients, the All-in-One Service can provide more efficient patient management service and potential business opportunities such as health insurance, medicine sales, patient recruiting and more.
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SLDB | Hot Stocks08:20 EDT Solid Biosciences appoints Roxana Donisa Dreghici as SVP, clinical development - Solid Biosciences announced the hiring of Roxana Donisa Dreghici, M.D. as Senior Vice President, Clinical Development, Caitlin Lowie as Vice President, Communications & IR and Alison Kessler as Vice President, Legal Corporate & IP. Donisa Dreghici most recently was the Global Development Lead/Associate Group Medical Director, Neuroscience for F. Hoffmann La Roche in Basel, Switzerland. Lowie was most recently Senior Director, Communications and Strategic Growth Initiatives at Stallergenes Greer. In her role at Solid Biosciences, Ms. Lowie will lead the development, implementation and execution of an integrated and innovative IR strategy. Additionally, she will be responsible for the corporate communications strategy, ensuring alignment with the overall corporate strategy and IR goals. Kessler joined Solid Biosciences as interim general counsel in November 2020. In her new role with the Company, Ms. Kessler will be responsible for providing strategic advice on matters related to Solid's IP portfolio, business development endeavors, and a variety of other contracting and corporate matters.
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CDMO | Hot Stocks08:19 EDT Avid Bioservices announces appointment of Esther Alegria to board of directors - Avid Bioservices announced the appointment of Esther Alegria, Ph.D., as an independent member of the company's board of directors. Dr. Alegria has nearly 30 years of biopharmaceutical industry experience. Dr. Alegria currently serves as the CEO of APIE Therapeutics, leading a team of industry experts focused on advancing novel treatments for idiopathic pulmonary fibrosis and heart failure toward clinical development.
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CBIO | Hot Stocks08:18 EDT Catalyst Biosciences to host R&D day on CB 4332, complement programs - Catalyst Biosciences announced that it will host a research and development day on its protease medicines platform focusing on the regulation of complement including CB 4332 on Monday, July 19, 2021 at 12:00 pm Eastern Time. The Catalyst Biosciences R&D Day will feature a presentation by Key Opinion Leader Filomeen Haerynck, M.D., Ph.D., University of Ghent, Belgium, who will discuss the clinical phenotype, current treatment landscape and unmet medical need in treating patients with complement factor I deficiency and other complement system disorders. The event will also feature a presentation by Catalyst Biosciences' management team on the company's upcoming clinical trial and the benefits of addressing the complement pathway with its protease medicines platform. The Catalyst team will discuss the planned commencement of screening and natural history of disease studies in mid-2021 followed by a Phase 1/2 study for CB 4332 in 2022. The screening study is designed to identify people with a CFI deficiency by assessing circulating levels of CFI. The natural history of disease study will follow up and assess these patients for clinical outcomes, biomarkers of complement dysregulation as well as safety and effectiveness of their current treatments in preparation for the clinical development program of CB 4332. Catalyst's complement portfolio is led by the development candidates CB 4332 and CB 2782-PEG, originating from the company's internal discovery platform, which has generated a rich pipeline of leads. CB 4332 is an engineered CFI protease with the potential to become a therapy addressing multiple complement related disorders. CB 2782-PEG is a potential best-in-class C3 degrader product candidate in preclinical development for the treatment of dry AMD that Catalyst has licensed to Biogen. Catalyst has several engineered protease programs in discovery or early non-clinical development. These programs all target diseases caused by deficient regulation of the complement system.
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HIL | Hot Stocks08:18 EDT Hill to continue providing management services for Foothill Gold Line Extension - Hill International announced it has received a contract extension from the Metro Gold Line Foothill Extension Construction Authority to continue providing program management services for Phase 2B of the award-winning Foothill Gold Line light rail project. In 2009, Hill began its support of Phase 2A, an 11.5-mile segment connecting Sierra Madre Villa Station in Pasadena to Azusa. Phase 2B, which broke ground in 2017, will extend the Metro Gold Line 12.3 miles from Azusa and add stations to the Los Angeles County rail network in the cities of Glendora, San Dimas, La Verne, Pomona, Claremont, and Montclair. The program is forecasted to conclude in 2028. The Hill team will continue providing a full range of program management services for the project, including overseeing the Construction Authority's design and construction management programs and updating the program management plan; coordinating with stakeholders; providing and updating estimates; and providing robust program controls services, including configuration management, change management, and schedule management, as well as contract, cost, schedule, invoice, and document control.
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BEEM | Hot Stocks08:16 EDT Beam Global forms Equity Oversight Committee - Beam Global announced that it has instituted a new equity oversight governance model at the board level. The company has created an independent Equity Oversight Committee within the Board of Directors to assess all future uses of equity. The EOC is comprised of a committee of independent board members chaired by Nancy Floyd. Nancy Floyd is also currently the chair of the Audit Committee and has over three decades of governance, financial and M&A experience. The EOC's mandate is to consider any uses of equity proposed by management or members of the board. The EOC is made up entirely of independent board members and will have authority over whether or not a proposed use of equity is submitted to the full board for a vote. This new and innovative governance mechanism ensures that only uses of equity which have been vetted by the independent EOC can pass to the full board for a vote for approval or denial.
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WVVI | Hot Stocks08:16 EDT Willamette Valley Vineyards to host Top Chef finale - Willamette Valley Vineyards will host the finale of Season 18 of Bravo's Emmy Award-winning Top Chef. The finale airs on July 1, 2021 at 8 pm Pacific Time.
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ETTX | Hot Stocks08:16 EDT Entasis Therapeutics presents clinical data on ETX0462 - Entasis Therapeutics announced the presentation of preclinical data on ETX0462, a novel diazabicyclooctane with antimicrobial activity against multidrug-resistant, or MDR, Gram-negative and biothreat pathogens, at the 2021 World Microbe Forum. ETX0462 potentially represents the first new antibiotic class in 35 years to treat MDR Gram-negative and biothreat infections. At the World Microbe Forum, Entasis scientists presented their approach to the discovery of ETX0462 that incorporated Structure-Porin Permeation Relationships and Structure-Based Drug Design to identify key principles for penicillin-binding protein inhibition and corresponding antimicrobial activity against contemporary MDR Gram-negative and biothreat isolates, including P. aeruginosa, K. pneumoniae, S. maltophilia, E. coli, B. anthracis, Y. pestis, F. tularensis and Burkholderia spp. Entasis scientists further demonstrated that the activity of ETX0462 was unaffected by all four Ambler classes of beta-lactamases and has a low propensity for resistance emergence due to its ability to permeate bacterial cells through multiple porins and inhibit several PBPs. "ETX0462 is the latest product candidate to emerge from our discovery platform and the first example of a novel class of agents targeting the established mechanism of beta-lactam antibiotics without being susceptible to the most common beta-lactam resistance mechanism, beta-lactamases," commented Ruben Tommasi, CEO at Entasis. "We look forward to continuing our successful collaboration with CARB-X as we progress ETX0462 towards the clinic."
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AQMS | Hot Stocks08:15 EDT Aqua Metals, ACME sign LOI to license, deploy AquaRefining technology in Taiwan - Aqua Metals announced it has signed a Letter of Intent with ACME Metal Enterprise to deploy and license AquaRefining equipment at its facility in Keelung, Taiwan. The LOI provides 60 days to finalize the definitive agreement and includes terms for licensing and a phased deployment of Aqua Metals' AquaRefining technology. The LOI also includes provisions for the joint development of processing AquaRefined briquettes into battery ready oxide material with a global battery manufacturer to be named later. ACME currently refines lead bullion into lead alloys for sale to global battery manufactures. With the proposed addition of AquaRefining, ACME would add the capability to produce ultra-high purity AquaRefined briquettes for use in oxide production. Through ACME's relationships with its current battery manufacturing customers, ACME and Aqua Metals propose to establish a partnership to develop a process for converting AquaRefined briquettes into lead oxide utilizing a ball mill. Separately, as previously announced, Aqua Metals has developed a process for converting briquettes into lead oxide through the Barton pot method. With the addition of the ball mill process, AquaRefining would have the potential to produce oxide using the only two industry standard processes available.
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WBA | Hot Stocks08:14 EDT Walgreens Boots Alliance jumps over 2% after Q3 earnings beat, raised guidance - Shares of Walgreens Boots Alliance are up over 2% at $53.70 in pre-market trading after the company reported a Q3 earnings beat and also raised its FY21 EPS guidance to about 10% from mid-to-high single digit growth. The updated guidance implies expected FY21 EPS of about $5.21 vs. $4.69 consensus.
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SACH | Hot Stocks08:13 EDT Sachem Capital announces partial exercise of overallotment option - Sachem Capital announced that in connection with its previously disclosed public offering of 1,700,000 shares of its 7.75% Series A Cumulative Redeemable Preferred Stock that closed on June 29, 2021, the underwriters of such offering have partially exercised their overallotment option to purchase an additional 203,000 shares of Series A Preferred Stock. The partial exercise of the overallotment option will generate net proceeds to the Company of approximately $4.9M after payment of underwriting discounts and commissions. Closing on the overallotment shares is expected to occur Friday, July 2, 2021. The Series A Preferred Stock has a private credit rating of 'BBB' from Egan-Jones Ratings Company, an independent unaffiliated rating agency. In addition, the Series A Preferred Stock has been approved for listing on the NYSE American under the symbol "SACHPRA" and trading is expected to commence on or about July 6, 2021. Sachem plans to use the aggregate net proceeds of $45.4M from the offering, including the net proceeds from the over-allotment closing, for working capital and general corporate purposes, i.e., primarily to fund new real estate loans secured by first mortgage liens. Sachem may also use the net proceeds to acquire other real estate finance companies or existing mortgage loan portfolios, although no such transactions are pending at this time.
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ALRN | Hot Stocks08:13 EDT Aileron Therapeutics announces initiation of trial of ALRN-6924 - Aileron Therapeutics announced that it has initiated a randomized, double-blind, placebo-controlled clinical trial in the US and in Europe of ALRN-6924 as a chemoprotective agent to treat patients with non-small cell lung cancer, or NSCLC, undergoing chemotherapy. Aileron plans to enroll 60 patients with advanced p53-mutated NSCLC undergoing treatment with first-line carboplatin plus pemetrexed with or without immune checkpoint inhibitors in this Phase 1b trial. Aileron is developing ALRN-6924 to selectively protect healthy cells in patients with cancers that harbor p53 mutations to reduce or eliminate chemotherapy-induced side effects while preserving chemotherapy's attack on cancer cells, a concept known as chemoprotection. Manuel Aivado, M.D., Ph.D., President and CEO of Aileron, said, "This NSCLC trial represents important progress in our clinical development strategy, as it involves a p53-mutated cancer indication that affects one of the largest cancer patient populations, and it is our first randomized, double-blind, placebo-controlled trial. In addition, the trial is designed to help us further advance our ultimate goal of pursuing a tumor-agnostic indication for ALRN-6924 as a chemoprotective agent for patients with p53-mutated cancers regardless of type of cancer or chemotherapy, with the potential to help millions of patients." Primary endpoints are the proportion of treatment cycles free of severe hematological and other toxicities, including Grade greater than or equal to 3 neutropenia, Grade greater than or equal to 3 thrombocytopenia, Grade greater than or equal to 3 anemia, Grade 4 neutropenia and febrile neutropenia, as well as duration of Grade 4 neutropenia. An additional primary endpoint is the proportion of completed treatment cycles without chemotherapy dose reduction or without the use of growth factors or transfusions. Other endpoints include the proportion of patients with National Cancer Institute Common Terminology Criteria Adverse Events Grade 3/4 treatment-emergent adverse events, quality of life, overall response rate, and progression-free survival. Aileron anticipates reporting first interim safety data from the trial late in the fourth quarter of 2021 and full results in mid-2022.
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ACXP | Hot Stocks08:12 EDT Acurx's ibezapolstat shows potential in predicting CDI in Phase 1 trial - Acurx announced that using specimens from a Phase 1 healthy volunteer trial and a novel analysis technique, beneficial changes potentially predictive of lower risk of CDI - Clostridioides difficile Infection - recurrence were associated with ibezapolstat compared to vancomycin. Ibezapolstat differed favorably from vancomycin in microbiota abundance including a marked increase in Proteobacteria and Fusobacterium and concentration of primary bile acids. This novel OMICS approach may enable better and earlier prediction of anti-CDI recurrence effects for antibiotics in the clinical development pipeline. This hypothesis will be tested in the Phase 2b trial of ibezapolstat in the treatment of patients with CDI, currently commencing. These results form the basis for scientific advisors to predict an anti-recurrence effect for ibezapolstat in future CDI trials.
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HSC | Hot Stocks08:12 EDT Harsco announces Clean Earth facility's ability to manage aerosol cans - Clean Earth announces that its Morgantown, West Virginia location is immediately able to process and recycle aerosol cans in accordance with the U.S. Environmental Protection Agency Aerosol Cans as Universal Waste Rule that has now gone into effect in West Virginia, effective today. The Aerosol Cans as Universal Waste Rule allows aerosol can waste to be managed as universal waste under the federal Resource Conservation and Recovery Act hazardous waste rules instead of classifying them as hazardous waste. Some of the objectives of this rule are to promote recycling of aerosol cans, thereby reducing the number being sent to landfills, as well as to ease regulatory burdens on retail stores and others discarding aerosol cans. The EPA finalized this new rule on November 15, 2019 and published it in the Federal Register on December 9, 2019. The rule became effective on February 7, 2020 in non-authorized states but had to be adopted in authorized states such as West Virginia. Clean Earth's hazardous waste facility in Morgantown is a Part B permitted Treatment, Storage, and Disposal Facility capable of receiving a large variety of hazardous and non-hazardous wastes in drums, totes and bulk. The treatment, disposal and recycling process combine leading edge concepts with proven technology to provide reuse and recycling options without higher costs. The Morgantown facility's capabilities include the processing and recycling of aerosol cans. With the ability to batch process and isolate equipment systems, Clean Earth can process waste and non-waste materials based on customer needs.
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FRGI | Hot Stocks08:11 EDT Fiesta Restaurant to sell Taco Cabana brand to Yadav for $85M - Fiesta Restaurant Group announced that it has entered into a definitive stock purchase agreement for the sale of the Taco Cabana restaurant brand to YTC Enterprises an affiliate of Yadav Enterprises a restaurant company that operates close to 400 locations throughout Northern California, Texas and sixteen other states. The Company's stock purchase agreement with Yadav provides for the sale of all of the outstanding capital stock of Taco Cabana, the parent company of the Taco Cabana business, for a cash purchase price of $85M, subject to reduction for certain working capital and other closing adjustments estimated in the aggregate amount of approximately $7M to $9M. The transaction is expected to close in the third quarter of 2021, subject to the satisfaction of customary closing conditions. Proceeds from the sale will be used to fully repay Fiesta's approximately $74.6M of outstanding term loan borrowings under Fiesta's senior credit facility and to pay divestiture transaction fees and a loan prepayment premium totaling approximately $4.6M. As of June 27, the Company cash balance was $67.6M. Subsequent to the transaction close, a portion of those funds will be used for investments to accelerate Pollo Tropical's growth. In addition, the Company's Board of Directors will be evaluating additional strategies for increasing shareholder value including potential future stock repurchases. Fiesta President and Chief Executive Officer Richard Stockinger stated, "We made the strategic decision to sell the Taco Cabana business to allow our leadership team to focus completely on accelerating Pollo growth, and we are very excited about the tremendous growth opportunities we have for the Pollo Tropical business."
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ACHL | Hot Stocks08:10 EDT Achilles Therapeutics enroll first patient in ongoing Phase I/IIa study in NSCLC - Achilles Therapeutics announced that the first patient in the United States has been enrolled in the company's ongoing Phase I/IIa CHIRON clinical trial. CHIRON is an open-label, multi-center Phase I/IIa trial evaluating the safety, tolerability, and activity of clonal neoantigen T cell, or cNeT, therapy as a single dose in adult patients with advanced metastatic non-small cell lung cancer, or NSCLC. This first US patient was enrolled at the Moffitt Cancer Center in Tampa, FL where Dr. Benjamin Creelan is the Principal Investigator. CHIRON is now open at 10 sites in the UK, EU and the US. "We are delighted to have taken our cutting-edge, cNeT platform into the US with the successful enrollment of the first patient at the Moffitt Cancer Center in our ongoing CHIRON study," said Dr Iraj Ali, CEO of Achilles Therapeutics. "With our cNeT platform we prospectively target patient-specific clonal neoantigens and are able to generate comprehensive characterization including the dose of the active cNeT component for each product. We look forward to providing an update from 10 patients across our CHIRON and THETIS studies in NSCLC and melanoma, respectively, in the fourth quarter of this year where we will present data highlighting a basis for our proposed potency assay." CHIRON is expected to recruit approximately 40 patients with advanced unresectable or metastatic NSCLC. The primary objective of the trial is to assess the safety and tolerability of cNeT. Clinical efficacy will be evaluated as a secondary measure. Additional data evaluating cNeT persistence, phenotype, and functionality will be reviewed while also exploring potential biomarkers of clinical activity and factors affecting response. This will include analysis of patient samples using a bespoke plasma ctDNA assay.
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ADVM BHC | Hot Stocks08:09 EDT Adverum Biotechnologies appoints Jon Williams as VP, clinical affairs - Adverum Biotechnologies (ADVM) announced the appointment of Jon Williams, Ph.D., as vice president, clinical affairs, effective immediately. Dr. Williams will provide scientific and technical expertise and leadership across Adverum's clinical development program for ADVM-022, reporting to Julie Clark, M.D., chief medical officer. Dr. Williams joins Adverum from Bausch Health Companies (BHC), where he served as senior director, clinical affairs and was responsible for leading clinical science and medical writing for ophthalmic medical device projects. On July 1, 2021, the company granted Dr. Williams a stock option to purchase 100,000 shares of Adverum's common stock pursuant to the inducement grant exception under Nasdaq Rule 5635(c)(4), as an inducement that is material to his entering into employment with Adverum. The option has a per share exercise price equal to the closing sales price of Adverum's common stock on the Nasdaq Stock Market on the grant date, and will vest over four years, subject to his continued service with Adverum.
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ADMP | Hot Stocks08:08 EDT Adamis Pharmaceuticals sends letter to shareholders regarding board memebers - Adamis Pharmaceuticals issued the following letter to stockholders: "The Board of Directors (the "Board") appreciates your continued investment in Adamis Pharmaceuticals Corporation ("Adamis" or the "Company" or "we"). The Board also appreciates the feedback that many stockholders have provided in recent weeks. As we work to position Adamis for long-term success, please trust that this input will be carefully assessed and factored into our go-forward plans. We are writing to you today to once again urge you to vote to re-elect all five members of the Board at the Company's upcoming Annual Meeting of Stockholders (the "Annual Meeting") on July 16, 2021. In our view, maintaining boardroom continuity can help the Company achieve the following: Support the ongoing Food and Drug Administration ("FDA") review of our ZIMHI(TM) New Drug Application. Advance our Phase 2/3 trial for examining the effects of Tempol on COVID-19. Support ongoing efforts to obtain government funding for Tempol. Advance the Investigational New Drug for Tempol's use in radiation dermatitis. Demonstrate a further increase in SYMJEPI(R) sales. Maintain a strong capital position and healthy balance sheet. Prioritize progress across our entire product pipeline... Mr. Hammann initially demanded a lucrative and unjusitified paid consulting agreement - which would have been paid for with stockholders' capital - before he was even a stockholder of the Company. Mr. Hammann threatened to make books and records demands and to run a campaign against the Board if we did not quickly agree to award him the demanded consulting agreement. Mr. Hammann has no operating experience in the biotechnology or pharmaceutical sector. Mr. Hammann has no experience as a director or executive of a public company. Mr. Hammann has a history of filing serial lawsuits and being a vexatious litigator. Mr. Hammann submitted an untimely and invalid notice of director nominations. His nominations will not be accepted at the Annual Meeting. Mr. Hammann unsuccessfully sued the Company in an attempt to delay the Annual Meeting and forced us to expend precious stockholder capital on fending off litigation. Mr. Hammann has no plan for the Company. We hope stockholders recognize that supporting Mr. Hammann's misguided campaign would be akin to taking what we believe is a major risk. Rather than support a litigious stockholder that is waging a costly and distracting battle with the Company, we urge you to reject his efforts by voting to re-elect your current Board. Once again, we thank you for your investment in Adamis. We firmly believe that the Company is on the right path now that we have tangible pipeline momentum. Vote on the WHITE proxy card to elect our full five-member slate and help us sustain the Company's progress."
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RFL | Hot Stocks08:08 EDT Rafael announce 'positive' preplanned interim futility analysis of ARMADA 2000 - Rafael Pharmaceuticals announced positive outcome from its preplanned interim futility analysis of its pivotal Phase 3 trial of CPI-613 for relapsed or refractory acute myeloid leukemia as determined by an independent Data Monitoring Committee, or IDMC. The IDMC met on Friday, Jun. 25 and based on the 142 within the intention to treat population, the trial was determined to be non-futile. The IDMC recommended to continue the trial as is. ARMADA 2000 is a Phase 3, multicenter, open-label, randomized, pivotal trial that is evaluating the efficacy and safety of its lead compound devimistat in combination with high dose cytarabine and mitoxantrone in older patients with relapsed or refractory AML. The futility analysis compared two cohorts - one that received devimistat in combination with high dose cytarabine and mitoxantrone and the other that received only high dose cytarabine and mitoxantrone therapy and control subgroups: combination of mitoxantrone, etoposide and cytarabine, and combination of fludarabine, cytarabine and filgrastim. This analysis demonstrated that the response rate achieved the predefined threshold for continuation of the study.
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MAGS | Hot Stocks08:08 EDT Magal Security initiates steps to change name to Senstar Technologies - Magal Security announced the successful completion of its planned divestiture of the company's Integration Solutions Division and that it has initiated steps to change its name to Senstar Technologies. In connection with the completion of the divestiture and the company's desire that its name and brand will echo its focus on its products division, the company announced that it plans to change its name to Senstar Technologies and starting July 1 to rebrand its activities under the brand name Senstar Technologies. The name change is subject to approval by shareholders.
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IMAB | Hot Stocks08:07 EDT I-Mab announces multiple advancements of 4-1BB bispecific antibody portfolio - I-Mab announced multiple advancements in its 4-1BB bispecific antibody portfolio. Stimulation of 4-1BB is a therapeutic strategy for improving the current immunotherapy for cancers. I-Mab's lead bi-specific antibody assets TJ-CD4B/ABL111 and TJ-L14B/ABL503, both jointly developed with ABL Bio are undergoing clinical development in the U.S. Preclinical studies have demonstrated superior CLDN18.2-dependent immune activation with TJ-CD4B/ABL111 compared to 4-1BB monoclonal antibodies. The anti-tumor activity is achieved locally at the tumor site with no hepatotoxicity or systemic side effects that are commonly seen with 4-1BB monoclonal antibodies when used alone. Studies have also demonstrated a memory response that can resist tumor rechallenge for a long-lasting treatment effect. A U.S. phase 1 clinical trial of TJ-CD4B/ABL111 in advanced or metastatic solid tumors has been initiated with the first patient being dosed on June 29. China sites will join the dose expansion part of the study. Patients with gastric cancer, esophageal adenocarcinoma and pancreatic cancer in China will be enrolled later this year.
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FRSX | Hot Stocks08:06 EDT Foresight Autonomous says Eye-Net, V-tron partner for pilot project - Foresight Autonomous Holdings announced that its wholly owned subsidiary, Eye-Net Mobile Ltd., will collaborate on a pilot project with V-tron. V-tron will evaluate the Eye-Net Protect solution for possible integration into its onboard units and application services in order to enhance the value of its innovations offering and prevent accidents by connecting road users and alerting about potential collisions in real time.
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ZBRA | Hot Stocks08:05 EDT Zebra Technologies intends to acquire Fetch Robotic for its AMRs - Zebra Technologies announced it intends to acquire Fetch Robotics. Fetch's Autonomous Mobile Robots, AMRs, are used for optimized picking in fulfillment centers and distribution centers, just-in-time material delivery in manufacturing facilities and automating manual material movement in any facility. "This acquisition is a continuation of what we expect to be a series of innovations that reflect our commitment to creating solutions that help our customers improve their operations through robotics." - Bill Burns, Chief Product & Solutions Officer, Zebra Technologies. "This acquisition is a continuation of what we expect to be a series of innovations that reflect our commitment to creating solutions that help our customers improve their operations through robotics." - Bill Burns, Chief Product & Solutions Officer, Zebra Technologies. Fetch features the largest portfolio of AMRs in the industry and offers seamless integration with warehouse and manufacturing systems without the need for changes to facilities or infrastructure. Workflow Builder, Fetch's drag and drop workflow development studio, enables out-of-the-box automation so that customers and partners can deploy automated material handling workflows in hours instead of months. Fetch Robotics' AMRs help reduce the impact of labor shortages by improving throughput, efficiency and productivity while working alongside people in fulfillment, distribution and manufacturing environments. "The acquisition of Fetch Robotics will accelerate our Enterprise Asset Intelligence vision and growth in intelligent industrial automation by embracing new modes of empowering workflows and helping our customers operate more efficiently in increasingly automated, data-powered environments," said Anders Gustafsson, Chief Executive Officer of Zebra Technologies. "This move will also extend our ongoing commitment to optimize the supply chain from the point of production to the point of consumption. We are excited to welcome the Fetch team to the Zebra family."
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TAOP | Hot Stocks08:05 EDT Taoping appoints Huan Li as CMO, provides business updates - Taoping provides an update of its business and announces the promotion of Huan Li, current director of Digital Culture Business Division, to concurrently serve as the company's Chief Marketing Officer, or CMO. Li will oversee all product marketing, brand strategy, direct and digital marketing, data analytics and marketing operations. Business Updates: As previously disclosed, on June 9, 2021, the company closed its acquisition of Taoping New Media. The company expects to book advertising revenues starting from June 2021. The company's previously-announced acquisition of Render Lake is currently being reviewed by relevant Canadian authorities and the company will work diligently to cooperate fully with the authorities to complete the review as soon as possible. The company's NFT business continues as planned and the company currently does not expect any negative impact from China's recent ban on digital asset mining on its NFT business. The company's G Cloud Data Centers in Dongguan and Hong Kong are running smoothly. In the meantime, the company is actively seeking overseas locations to expand footprints of Taoping G Cloud Data Centers.
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KTOS | Hot Stocks08:05 EDT Kratos Defense developing hypersonic flight experiment test vehicle - Kratos Defense & Security Solution announced that its Defense & Rocket Support Services Division has received a contract from the Navy Surface Warfare Center Port Hueneme Division, White Sands Detachment to develop a hypersonic, experimental test vehicle to perform flight tests for the maturation of high-speed flight technology for missile defense and hypersonics research. Work under this contract will be performed at a secure Kratos facility in Glen Burnie and other vendor locations, bringing new jobs to Maryland.The mission of this flight experiment vehicle will be to support the development of innovative and enabling technologies for urgent requirements by providing flight tests and demonstration opportunities in relevant environments. This rapid testing capability will allow lower Technology Readiness Level components to be matured faster for insertion into future missile programs.
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HPE | Hot Stocks08:05 EDT HP Enterprise to acquire Zerto for $374M, sees accretion - HP Enterprise announced that it has entered into a definitive agreement to acquire Zerto, a cloud data management and protection company, in a transaction valued at $374M. The company said this acquisition expands HPE GreenLake and continues to deliver on HPE Storage's shift to a cloud-native, software-defined data services business. Zerto's journal-based continuous data protection technology includes disaster recovery, backup, and data mobility in a single cloud data management and protection software solution that spans on-premises, hybrid, and multi-cloud environments. Zerto will be available aaS through HPE GreenLake and Data Services Cloud Console. HPE is acquiring Zerto for $374M in cash. The company plans to fund the acquisition through cash on its balance sheet. The transaction is expected to contribute more than $130M in run-rate revenue at software gross margins. Approximately one-third of the revenue is expected to contribute to HPE's aaS annualized revenue run-rate. The acquisition is also expected to be accretive to non-GAAP operating profit and earnings starting in FY 2023. Zerto's management team is joining HPE following the close of the transaction, which is expected to occur in Q4 of HPE's FY21, subject to regulatory approvals and other customary closing conditions. After the transaction closes, Zerto will be organized under HPE Storage, reporting to Tom Black, senior VP and general nanager.
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KTRA | Hot Stocks08:04 EDT Kintara Therapeutics announces topline Phase 2 data results of VAL-083 in GBM - Kintara Therapeutics announced topline data results from the recurrent arm of its open-label, Phase 2 clinical study of its lead compound VAL-083 being conducted at the MD Anderson Cancer Center in Houston. The Phase 2 trial is a study testing VAL-083 in glioblastoma multiforme - GBM - patients who have an unmethylated promoter of the methylguanine DNA-methyltransferase - MGMT - gene. Median overall survival for the 48 efficacy evaluable patients initially receiving the treatment dose of 30 mg/m2/day is 8.0 months. lomustine, the most commonly used chemotherapy for these patients, has demonstrated mOS of 7.2 months. Myelosuppression was the most common adverse event. For the 83 efficacy evaluable patients who have completed at least one cycle of treatment mOS was 7.5 months. Published pre-clinical and clinical data indicate that VAL-083 has activity against a range of tumor types. VAL-083 has been granted Orphan Drug Designation for GBM by the FDA and EMA and has also been granted Orphan Drug Designations for medulloblastoma and ovarian cancer by the FDA. In addition, the FDA has granted Fast Track Designation for VAL-083 in recurrent GBM.
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BR | Hot Stocks08:04 EDT Broadridge acquires ECS assets from Jordan & Jordan - Broadridge announced that it is further enhancing its regulatory compliance capabilities for broker-dealers with the acquisition of the cloud-based Execution Compliance and Surveillance Service assets from Jordan & Jordan. The solution provides a combination of surveillance and regulatory reporting as well as compliance consulting capabilities for US regulations. The acquisition enables Broadridge to further extend its strategic regulatory reporting capabilities as well as add compliance and regulatory reporting consulting capabilities. The solution allows broker-dealers to more effectively comply with regulations such as SEC Rules 605/606 and Consolidated Audit Trail and strengthens their capabilities around best execution, trade surveillance and the detection of fraud-based manipulative activity. It also enables clients to monitor the effectiveness of their required policies and procedures and provide detailed records to demonstrate a commitment to ongoing surveillance.
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SCPH | Hot Stocks08:03 EDT scPharmaceuticals expects cash to fund operations into 2023 - scPharmaceuticals ended the first quarter of 2021 with cash, cash equivalents, restricted cash and investments of $96.5 million. The Company believes its cash, cash equivalents, restricted cash and investments are sufficient to fund operations into 2023, unchanged from prior guidance.
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CLSN | Hot Stocks08:03 EDT Celsion announces commencement of enrollment in Phase 1 study of ThermoDox - Celsion GmbH, a wholly owned subsidiary of Celsion, a clinical-stage biotechnology company, announces commencement of enrollment in Oxford University's Phase I PanDox study with ThermoDox in conjunction with Focused Ultrasound in patients with pancreatic cancer. ThermoDox is Celsion's proprietary heat-activated liposomal encapsulation of doxorubicin. This investigator-led study sponsored by the University of Oxford and supported by the National Institute for Health Research Oxford Biomedical Research Centre has now received ethics, MHRA and institutional R&D approval to commence. The primary endpoint of the two-arm 18-subject PanDox study is enhanced uptake of doxorubicin in pancreatic tumors using ThermoDox and Focused Ultrasound, compared to systemic delivery of free doxorubicin. ThermoDox will be administered intravenously in 12 patients with non-resectable pancreatic ductal adenocarcinoma and locally activated by focused ultrasound-mediated hyperthermia. This will be compared to conventional systemic delivery of doxorubicin without FUS in 6 patients. Secondary endpoints include: comparing radiologically assessed tumor activity and response with ThermoDox and FUS to free drug alone; examining the impact on patient symptoms of ThermoDox plus FUS; and assessing the safety profile of both FUS and ThermoDox. The PanDox study is expected to be completed by December 2022 and is similar in design to Oxford's 10-patient TARDOX study, which demonstrated that ThermoDox plus focused ultrasound increased doxorubicin tumor concentrations by up to 10-fold and enhanced nuclear drug uptake in patients with liver tumors.
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SCPH WST | Hot Stocks08:03 EDT scPharmaceuticals says in alignment with FDA on FUROSCIX development - scPharmaceuticals (SCPH) announced that on June 30, 2021 the Company received the minutes from its Type C meeting with the U.S. Food and Drug Administration regarding the requirements for resubmission of the FUROSCIX New Drug Application. Based on guidance the Company received during the meeting and subsequently contained within the meeting minutes, the Company is moving forward with its original plan to conduct the required bench testing for the West Pharmaceutical Services' (WST) SmartDose Gen II on-body drug delivery system that is used to deliver FUROSCIX to heart failure patients. Importantly, the FDA has not requested modifications to the device.
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AMRS | Hot Stocks08:02 EDT Amyris signs exclusive license with Nant Africa - Amyris announced that it has signed an exclusive license with Nant Africa relating to the development and use of the RNA COVID vaccine Amyris developed in coordination with the Infectious Disease Research Institute. The license and collaboration with Nant Africa is expected to generate several million dollars in near term upfront and milestone payments, and also includes long term royalties for the use of the Amyris and IDRI technology on the African continent. The license includes the funding of human clinical trials, which upon successful completion are expected to be followed by the production and scaling of the vaccine in South Africa with a target of reaching patients by the end of this year.
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UIS GOOG | Hot Stocks08:00 EDT Unisys joins Google Cloud Partner Advantage Program - Unisys (UIS) has joined the Google (GOOG) Cloud Partner Advantage Program as a Google Cloud and Google Workspace Resell Partner. Unisys is able to both provide its complete suite of Cloud and Infrastructure services and Digital Workplace Services, as well as sell Google Cloud and Google Workspace solutions.
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EBIX | Hot Stocks07:58 EDT Naaptol selects EbixCash for managing customer care operations - EbixCash Private announced that India's tele-shopping and one stop online shop Naaptol, has selected EbixCash's BPO Division - EbixCash Global Services as its Customer Care Operations partner for the East Region. Naaptol is a free to air television and online network that has emerged as the the No.1 home shopping company of India, while specializing in televised home shopping. The deal involves EbixCash deploying a number of centers across multiple cities to optimize and manage Naaptol's Customer Care Operations.
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ATHE | Hot Stocks07:52 EDT Alterity Therapeutics granted new U.S. patent for neurodegenerative diseases - Alterity Therapeutics has been granted a new composition of matter patent by the USPTO. The patent secures a monopoly over a new class of iron chaperones, a technology capable of redistributing excess iron in the central nervous system. The structural backbone depicted in the patent provides the foundation for small molecule drug candidates with potential to cross the blood brain barrier and directly attack a source of neuropathology. Excess iron in the brain is implicated in the pathology of many neurodegenerative diseases, such as Alzheimer's and Parkinson's diseases. The patent was granted following expedited review by the USPTO. It covers more than 150 novel pharmaceutical compositions that are designed to redistribute the labile iron implicated in many neurodegenerative conditions. Alterity is on track to launch the Phase 2 trial of its lead clinical candidate ATH434 by the end of the calendar year. ATH434 is a small molecule drug being developed for Multiple System Atrophy. The patent confers on Alterity 20 years of exclusivity. In addition to the US, the company is pursuing patent protection in other jurisdictions.
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EHC | Hot Stocks07:36 EDT Encompass Health to build 40-bed rehabilitation hospital in Wisconsin - Encompass Health plans to build a freestanding, 40-bed inpatient rehabilitation hospital in Fitchburg, Wisconsin, a suburb of Madison. The hospital, which is expected to be named Encompass Health Rehabilitation Hospital of Fitchburg, will be located at the southeast corner of South Fish Hatchery Road and Nobel Drive. It is expected to begin serving patients in 2023. It will serve patients recovering from major illnesses and injuries including strokes and other neurological disorders, brain injuries, spinal cord injuries, amputations and complex orthopedic conditions.
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DKNG NATH | Hot Stocks07:34 EDT DraftKings partners with Nathan's Famous Fourth of July Hot Dog Eating Contest - Major League Eating announced that for the second consecutive year, DraftKings (DKNG) will be an official sponsor of the 2021 Nathan's Famous (NATH) Fourth of July International Hot Dog Eating Contest. While this annual American holiday tradition was held for decades at the Nathan's Famous flagship restaurant in Coney Island, NY, this year's contest will be conducted as a ticketed event at Coney Island's Maimonides Park. Following last year's restrictions due to the COVID-19 pandemic, the event marks the holiday contest's return to the public.
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CROJF | Hot Stocks07:33 EDT Marimaca Copper announces update on exploration work at Roble Target - Marimaca Copper is pleased to provide an update on the ongoing exploration work being completed, ahead of drilling, at the Roble Target. Roble is located less than 3km to the northeast of the Company's flagship Marimaca Oxide Deposit, and mineralization may extend over 3km of potential strike. The commencement of drilling at Roble has been delayed primarily because the Company elected to expand the drilling program at the Mercedes Target based on encouraging mineralization observed in drilling, but also due to some delays caused by COVID restrictions. Highlights: Additional rock chip reconnaissance sampling at Roble has materially expanded the footprint of outcropping oxide mineralization; Mapped outcrop extends further north at Roble and south and east at Pele; Extends strike potential to over 3km with widths at surface ranging from 300m to over 500m; Three discrete areas of consistently outcropping mineralization, each extending over approximately 600m by 400m, separated by gravel and sand cover ; Potential for connection of the larger Roble system through these covered areas; Geophysics identified the continuation at depth of significant regional structures which control the location of mineralization in the Marimaca district; Interpreted structures are strongly coincident with surface trends of outcropping Cu oxide mineralization with greater than 0.1% CuT; Drilling to commence imminently at Roble with an initial twelve-hole reverse circulation discovery drilling program; The Company has expanded the RC drilling campaign at Mercedes from nine holes to eighteen holes due to encouraging mineralization intersected; Resultant delay to the commencement of drilling at Roble, which is now expected during July; Additional rigs planned for 2H 2021 based on expanded exploration programs at Marimaca Depth Extensions, Cindy, Mercedes and Roble. Roble is located less than 3km to the northeast of the Company's flagship Marimaca Oxide Deposit, within the north-north-east trending Roble Fault System. This is a splay off the regional scale Naguayan Fault System, which is an important control for mineralization at the MOD. Roble is associated with a large magnetic anomaly previously identified in the regional, high-resolution, drone mounted magnetics survey. The Company has subsequently completed surface exploration work including rock grid geochemical sampling, reconnaissance mapping and outcrop sampling which defined a large copper-in-rock anomaly and also highlighted the significant extent of outcropping copper oxide mineralization at the surface.The initial exploration work and subsequent reconnaissance mapping and sampling of outcropping oxide mineralization has defined three distinct zones, each extending approximately 600m along strike by 400m across strike. These zones are separated by post mineralization gravels and sands and the Company believes there is the potential for them to be connected under the areas of cover. Following the success of the initial surface exploration work, the Company engaged GRS Geophysics to complete two 2.5km Induced Polarization surveys for a total of 5km of survey, with one line located in the central area, the other approximately 750m to the north, on the northern part of the area of interest. Both lines show attractive coincident resistivity and chargeability anomalies associated with the high magnetic response and clearly highlights the regional scale of Roble Fault System, which the Company believes could be important for controlling copper mineralization in the area. Furthermore, the geophysical anomalies appear to be strongly coincident with the outcropping copper mineralization mapped in the reconnaissance work, both of which follow the broader northerly trend of the Roble Fault System. Preparation of drill pads and associated infrastructure at Roble is currently underway and the Company expects to be drilling the target during July 2021. The Company will complete an initial twelve-hole RC drilling program to test key targets at Roble, Nepal and Pele.
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NVCR | Hot Stocks07:17 EDT Novocure announces final results from HEPANOVA trial - Novocure announced final results from its phase 2 pilot HEPANOVA trial in liver cancer testing the safety and efficacy of Tumor Treating Fields, or TTFields, together with sorafenib for the treatment of advanced hepatocellular cancer. In 21 evaluable patients, the disease control rate was 76% in a patient population with poor prognosis and limited exposure to study treatments. The objective response rate for the intent-to-treat population was 9.5%. In patients who completed at least 12 weeks of TTFields treatment, the disease control rate was 91% with an objective response rate of 18%. The final HEPANOVA results will be presented at the virtual ESMO World Congress on Gastrointestinal Cancer on July 1. The HEPANOVA trial enrolled 27 patients with unresectable hepatocellular cancer. Fourteen of the 27 patients, or 52%, had a Child-Turcotte-Pugh, or CTP, score of 7 or 8, representing significant liver dysfunction. Six patients, or 22% of the study population, survived less than 12 weeks. The median sorafenib treatment duration was only nine weeks, a much shorter treatment duration than the referenced historical controls. The median treatment duration of TTFields was 10 weeks. The objective response rate reached 9.5% in the 21 evaluable patients, more than double the historical controls. The disease control rate was 76%, a much higher rate than the historical controls of 43% to 52%. For the 11 patients who completed at least 12 weeks of TTFields therapy, the objective response rate was 18%. The disease control rate for patients who completed at least 12 weeks of TTFields therapy was 91%. The objective response rate is defined as the percentage of patients who achieved complete or partial response. The disease control rate includes the percentage of responders plus the patients who achieved stable disease. In the intent-to-treat population, median progression free survival was 5.8 months and median time-to-progression was 8.9 months, higher than the historical, sorafenib alone control for both endpoints. No increase in the toxicity of sorafenib and no device-related serious adverse events were reported.
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ANSS | Hot Stocks07:16 EDT Ansys selected by ITER Organization for plant risk management - Ansys is collaborating with the ITER Organization to optimize EM structure design and performance for the ITER nuclear fusion plant. Through a new multi-year agreement, Ansys will work with ITER engineers to improve project risk management, streamlining system development and meeting critical safety requirements. ITER engineers leverage Ansys simulation solutions to economically design EM structures.
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DOX | Hot Stocks07:16 EDT Amdocs selected by Magyar Telekom to modernize business support systems - Amdocs announced that it has been chosen by Magyar Telekom, Hungary's leading telecommunications service provider, to support its Future of Billing program by migrating the company's mobile postpaid business onto the Amdocs' modernized platform, providing Magyar Telekom with a fully convergent postpaid business. As part of the deal, Amdocs will empower Magyar Telekom by streamlining and digitizing its IT systems, strengthening its position as a flexible and agile communications provider in the Hungarian market. Anthony Goonetilleke, group president of Media, Network and Technology at Amdocs, said that: "An industry-wide transformation is underway as service providers gain business agility and IT velocity as the pace of modernization accelerates. Magyar Telekom is seizing this moment to consolidate its systems and provide a leading and truly agile offering to its customers. With the selection of Amdocs for its strategic Future of Billing program, we look forward to deepening our partnership with Magyar Telekom to modernize, digitize and automate its business."
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HUSN | Hot Stocks07:15 EDT Hudson Capital announces FreightHub launch of EDI interface - Hudson Capital announced that FreightHub launched its Electronic Data Interchange interface. EDI is a system or method for exchanging business documents with trading partners, such as suppliers, customers, carriers, 3PLs, or other supply chain connections. EDI optimizes business processes by replacing manual processes such as mail, fax, and e-mail with electronic exchanges of business transactions between two companies that may use vastly different internal business systems.
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MCRB | Hot Stocks07:15 EDT Seres, Nestle Health Science in pact to commercialize SER-109 - Seres Therapeutics announced that it has entered into an agreement with Nestle Health Science to jointly commercialize SER-109, Seres' investigational oral microbiome therapeutic for recurrent Clostridioides difficile infection in the United States and Canada. If approved, SER-109 would become the first-ever FDA-approved microbiome therapeutic. Under the terms of the agreement, Nestle Health Science will utilize its global pharmaceutical business Aimmune Therapeutics and will assume the role of lead commercialization party. Seres will receive license payments of $175M up front, and an additional $125Mn upon FDA approval of SER-109. The agreement also includes sales target milestones which, if achieved, could total up to $225 million. Seres will be responsible for development and pre-commercialization costs in the U.S. Upon commercialization, Seres will be entitled to an amount equal to 50% of the commercial profits. The agreement to co-commercialize SER-109 in the U.S. and Canada represents the expansion of an existing strategic collaboration between the companies. Nestle Health Science already has commercial rights to Seres' investigational treatments for CDI and inflammatory bowel disease outside of the U.S. and Canada, and with this expansion, Nestle Health Science becomes Seres' global collaborator in SER-109.
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BXRX | Hot Stocks07:14 EDT Glass Lewis recommends Baudax Bio shareholders vote for additional shares - Baudax Bio announced that Glass Lewis & Co. has recommended that Baudax Bio shareholders vote "FOR" Item 1 set forth in its Definitive Proxy Statement filed with the Securities and Exchange Commission on June 14, 2021 in connection with its Special Meeting, which seeks to amend Baudax Bio's Amended and Restated Articles of Incorporation to increase the number of authorized shares of common stock from 100 million shares to 190 million shares. The Special Meeting will be held on July 13, 2021 at 9:00 a.m. ET. Glass Lewis & Co. and Institutional Shareholder Services Inc. are independent proxy advisory firms and do not have any business relationship with Baudax Bio. Baudax Bio did not engage or compensate either firm for its analysis or recommendations. Baudax shareholders are urged to vote as Glass Lewis & Co. and Institutional Shareholder Services Inc. recommend by voting "FOR" the proposed increase in authorized shares and the adjournment of the Special Meeting of shareholders.
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FDBC | Hot Stocks07:14 EDT Fidelity D & D Bancorp announces completion of Landmark Bancorp acquisition - Fidelity D & D Bancorp, the parent bank holding company of The Fidelity Deposit and Discount Bank, announced the completion of the acquisition of Landmark Bancorp and its wholly-owned subsidiary, Landmark Community Bank effective July 1, 2021. Under the terms of the reorganization agreement, Landmark shareholders received 0.272 shares of Fidelity common stock and $3.26 in cash for each share of Landmark common stock that they owned as of the effective date. As a result, Fidelity issued approximately 650,813 shares of its common stock and $7.8M in cash. In addition, pursuant to the reorganization agreement, Paul Woelkers was appointed as a Class C Director to Fidelity's Board of Directors and as a director to Fidelity Bank's Board of Directors. With the combination of the two organizations, Fidelity, on a consolidated basis, has approximately $2.3B in assets, $2.1B in deposits, and $1.4B in loans.
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CNCE | Hot Stocks07:13 EDT Concert Pharmaceuticals to present CTP-543 update - Concert Pharmaceuticals will present an update from its ongoing open label, long-term extension study of the investigational medicine CTP-543 in patients with moderate to severe alopecia areata, an autoimmune disorder that results in patchy or complete hair loss. The data show that, relative to previous Phase 2 study results of CTP-543, hair regrowth assessed by the Severity of Alopecia Tool, or SALT, was maintained or improved in the great majority of patients through one year of continuous dosing with 12 mg twice-daily of CTP-543. Approximately 57% of participants receiving 12 mg of CTP-543 twice-daily following 52 weeks of dosing achieved a clinically-meaningful SALT score of 20 or less. Dosing in the long-term extension study is ongoing, and patients completing the ongoing Phase 3 THRIVE-AA trials are eligible to enroll in the study. These data will be presented virtually during the virtual JAK Inhibitors Drug Development Summit. CTP-543 has been generally well tolerated in the long-term extension study with only 4 of the 158 subjects entering the study discontinuing due to adverse events to date. Adverse events are consistent with those previously reported in the Phase 2 trials. Clinical labs for key hematology parameters appear stable across the long-term extension study relative to end of treatment in the Phase 2 trials.
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GTBIF | Hot Stocks07:13 EDT Green Thumb Industries closes on acquisition of Dharma Pharmaceuticals - Green Thumb Industries announced it has closed on its acquisition of Dharma Pharmaceuticals, previously announced on May 3, 2021. As one of only five licenses in the Virginia medical cannabis market, Dharma is licensed to grow, process and retail cannabis directly to patients. The acquisition includes an existing production facility and retail dispensary located in Abingdon, Virginia. Green Thumb will also maintain the opportunity to open up to five additional retail locations in the Commonwealth.
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DSPG | Hot Stocks07:11 EDT DSP Group, Alango announce availability of eVCP on DBMD7 processor - DSP Group and Alango Technologies announced the availability of Alango's Extended Voice Communication Package on DSP Group's DBMD7 SmartVoice processor. The combination allows providers of high-performance voice conferencing systems to quickly develop solutions for a rapidly evolving unified communications market that demands the best in voice clarity and system flexibility.
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ATCX | Hot Stocks07:11 EDT Atlas Technical Consultants awarded quality inspection contract for LBNF project - Atlas Technical Consultants announced that it was awarded a $4.1M contract to perform quality inspection services and third-party inspection and testing for the Lead, South Dakota Sanford Underground Research Facility's Long-Baseline Neutrino Facility, or LBNF. Atlas will work as part of the Kiewit-Alberici Joint Venture with a contract term of 3.5 years. The LBNF will serve as home to the Deep Underground Neutrino Experiment, the most ambitious particle physics experiment on U.S. soil, hosted by the Department of Energy's Fermilab. This project involves building a physics lab deep inside an old gold mine, approximately one mile below the surface of the earth. To achieve this, workers will blast and drill to remove 800,000 tons of rock to make a home for the gigantic detector and its support systems. During excavation, the conveyor system will run approximately 10 hours per day, transporting between 1,500 and 2,500 tons of rock daily for the next three years.
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EYPT | Hot Stocks07:10 EDT EyePoint announces new Category III CPT Code for DEXYCU - EyePoint Pharmaceuticals announced that the American Medical Association Current Procedural Terminology Editorial Panel accepted the addition of a new Category III CPT code, 0X78T for the administration of a drug into the posterior chamber of the anterior segment of the eye, effective January 1, 2022, providing an opportunity for a reimbursement pathway for the administration of DEXYCU.
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OGEN | Hot Stocks07:09 EDT Oragenics announces annual meeting convened, due to lack of the required quorum - Oragenics announced that the Company's annual meeting of shareholders, on June 30, was convened and adjourned, without any business being conducted, due to lack of the required quorum.
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PINE CTO | Hot Stocks07:09 EDT Alpine Income Property completes portfolio acquisition from CTO Realty Growth - Alpine Income Property Trust (PINE) announced it closed its previously announced acquisition of six high-quality net lease retail properties for a combined purchase price of $44.5 million from CTO Realty Growth (CTO) on June 30, 2021. The CTO Portfolio consists of properties net leased to leading national retailers such as Lowe's, Walgreens, Harris Teeter and Big Lots, with more than 60% of annualized base rent coming from properties leased to, or with leases guaranteed by investment grade-rated entities. All six of the properties in the CTO Portfolio are within metropolitan statistical areas that have populations over one million people, including locations in close proximity to Charlotte, NC; Seattle, WA; Washington, DC; Houston, TX; Phoenix, AZ; and Orlando, FL. As part of the CTO Portfolio acquisition, the Company assumed an existing $30.0 million secured mortgage, which bears a fixed interest rate of 4.33%. The Loan matures in October 2034 and is prepayable without penalty beginning in October 2024. With the closing of the CTO Portfolio, the Company has now completed the acquisition of the seven net lease retail properties from CTO Realty Growth, Inc., which were previously announced on April 6, 2021.
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DTIL | Hot Stocks07:08 EDT Precision BioSciences doses first patient in PBCAR19B trial - Precision BioSciences announced that the first patient has been dosed in its Phase 1 clinical trial with PBCAR19B, an immune evading allogeneic CAR T stealth cell candidate for patients with relapsed/refractory (R/R) non-Hodgkin lymphoma, or NHL.
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NGM MRK | Hot Stocks07:08 EDT NGM, Merck amend collaboration to focus on medicines for retinal, CVM diseases - NGM Biopharmaceuticals (NGM) announced that the company has entered into an amended and restated agreement with Merck (MRK) to extend their ongoing collaboration through March 2024 but with a narrower scope. NGM disclosed in March 2021 that NGM and Merck were negotiating modifications to certain terms of the agreement to better address their respective evolving priorities. Going forward, the collaboration will focus primarily on the development of novel medicines for unmet patient needs in retinal and CVM diseases, including heart failure. Merck retains an option to license those programs being advanced under the amended collaboration. NGM gains worldwide rights to its disclosed oncology portfolio, as well as all preclinical, and current and future research, assets falling outside of the amended collaboration's narrower scope, subject to a low single digit net sales royalty to Merck The amended collaboration's primary focus on retinal and CVM diseases builds upon progress with NGM621 and MK-3655, both discovered by NGM under the collaboration. NGM621, an anti-complement C3 antibody, is currently being evaluated in the NGM-led Phase 2 CATALINA study in patients with geographic atrophy. MK-3655, an FGFR1c/KLB agonistic antibody previously licensed by Merck, is currently being evaluated in the Merck-led global Phase 2b study in patients with non-alcoholic steatohepatitis (NASH). NGM will pursue further research and development on two undisclosed retinal targets, as well as CVM targets initially focusing on heart failure. NGM has agreed to work exclusively with Merck in heart failure during the remaining collaboration term. Merck retains an option to license assets directed to targets that are developed by NGM within the scope of the amended collaboration at proof-of-concept or at earlier points as specified in the amended collaboration. NGM's currently disclosed oncology product candidates, all derived from the company's in-house discovery engine, are now wholly owned by NGM and include: NGM120, a GFRAL antagonistic antibody in Phase 2 study for the treatment of metastatic pancreatic cancer and cancer-related cachexia; NGM707, an anti-ILT2/ILT4 dual antagonist antibody; and NGM438, a LAIR1 antagonist antibody. In addition, NGM now has full rights to existing preclinical and research assets, as well as any future assets resulting from its in-house discovery engine, in each case that fall outside of the amended collaboration's narrower scope. NGM will be funding these programs going forward. Under the terms of the amended collaboration, Merck will provide an aggregate of approximately $120 million in research and development funding to NGM through March 2024, including $86 million for the period from April 2021 through March 2022, plus additional potential option payments if Merck exercises any license option. The amended collaboration is in place through at least March 2024, with possible extensions for each of the various programs to allow NGM or Merck to complete ongoing development. NGM has committed to advancing an undisclosed ocular program to a potential IND submission, utilizing its own funding after March 2022. Economics for programs for which Merck exercises its license option are unchanged from the original collaboration terms. Prior to Merck initiating any Phase 3 study of a program licensed by Merck, NGM may elect to receive milestone or royalty payments or, in certain cases, co-fund development and participate in a global cost and profit share arrangement of up to 50%. NGM also has the option to participate in the co-promotion of any co-funded program in the United States.
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ASGN | Hot Stocks07:07 EDT ASGN to sell Oxford unit to H.I.G. Capital affiliate for $525M - ASGN announced the following transactions: entered into a definitive purchase agreement to sell its Oxford Global Resources business unit to an affiliate of H.I.G. Capital, a leading global alternative investment firm, and acquired the Infor business unit of Avaap a modern enterprise solutions integrator with deep domain expertise in healthcare and manufacturing across the U.S. and Europe. The Company also increased its financial estimates for the second quarter of 2021. Highlights: Entered into a definitive purchase agreement to sell Oxford for $525M in cash to an affiliate of H.I.G., with an anticipated closing after the receipt of all HSR and anti-trust approvals Revised Q2 2021 guidance estimates to reflect improvement in operating performance and to present the Oxford business as Discontinued Operations Changed financial reporting segments to give effect to the divesture of the Oxford business. ASGN entered into a definitive purchase agreement to sell Oxford to an affiliate of H.I.G., for $525M in cash. Concurrent with this announcement, the Company has launched a process seeking certain amendments to its senior secured credit facilities, which will, among other things, facilitate the closing of this sale under the credit documents. Oxford offers on-demand high-end consulting talent for niche commercial IT, healthcare, life sciences and engineering clients and accounted for approximately 11.6% of ASGN's consolidated revenues and 10.8% of ASGN's consolidated Adjusted EBITDA for the three months ended March 31. As a result of the decision to divest the Oxford business, operating results of that business will now be reported as Discontinued Operations in this and all future releases and SEC filings. This sale is expected to be completed after the receipt of all HSR and anti-trust approvals and the proceeds, net of income taxes, are anticipated to be approximately $400M. CyberCoders, formerly part of the Oxford Segment, will join Apex Systems and Creative Circle in the Company's newly created Commercial Segment, while ECS will now comprise the Federal Government Segment. "The sale of Oxford represents a pivotal moment for ASGN," said ASGN President and Chief Executive Officer, Ted Hanson. "We are proud of Oxford's history and performance as part of our Company since its acquisition in 2007. That said, we are always evaluating our portfolio of businesses and their fit with our long-term strategy to be an industry-leading provider of IT services and solutions to the commercial and government marketplaces. Given the evolution of our business since
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AYI | Hot Stocks07:05 EDT Acuity Brands reaffirms commitment of 100M metric tons of carbon reduction - At a sales conference during the third-quarter 2021, the Company committed to a goal of 100 million metric tons of carbon reduction by 2030 through the sales of LED luminaires, controls, and building management systems, replacing older technologies in existing buildings and new construction. On July 1, 2021, the Company issued the 2020 Acuity Brands EarthLIGHT Handprint Report: Lighting the Way Toward Net-Zero on its website. The report evaluates the net environmental impact of its products at the point of use, incorporating both the environmental costs of using its products and the environmental benefits of removing older, less-efficient technology.
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DHX | Hot Stocks07:04 EDT DHI Group sees Q2 revenue growth on sequential and y-o-y basis
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AYI OSAGY | Hot Stocks07:04 EDT Acuity Brands expects to close OSRAM Digital Systems acquisition on July 1 - One June 4, 2021, the Company announced that it has signed a definitive agreement to purchase ams OSRAM's North American Digital Systems business. This acquisition is intended to enable the Company to enhance our LED driver and controls technology portfolio and accelerate our innovation, expand our access to market through a more fulsome OEM product offering, and give us more control over our supply chain. The transaction is expected to close by end of day on July 1, 2021.
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BHC | Hot Stocks07:03 EDT Bausch Health to reduce debt by $150M - Bausch Health announced it will reduce debt by $150M through the redemption of outstanding senior notes, using cash generated from operations.
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DHX | Hot Stocks07:02 EDT DHI Group completes spinoff of eFinancialCareers - DHI Group has transferred majority ownership of its eFinancialCareers business, a financial services career site, to eFC's management team. DHI will retain a 40% equity interest in eFC and have board representation. Starting with Q2, DHI Group will report its financial results in the statements of operations excluding eFC from continuing operations.
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VFF | Hot Stocks07:02 EDT Pure Sunfarms receives amendment to cultivation license for Delta 2 facility - Village Farms announced its wholly owned subsidiary, Pure Sunfarms, Canada's premiere cannabis cultivator and brand, has received from Health Canada an amendment to the cultivation license for its 1.1 million square foot Delta 2 greenhouse facility, permitting Pure Sunfarms to cultivate cannabis immediately in the half of the Delta 2 facility for which conversion to cannabis production has been completed. Under the License Amendment, Pure Sunfarms is also permitted to begin cannabis production in the remaining half of the Delta 2 facility when conversion of that half of facility for cannabis production has been completed. The amendment to the Delta 2 cultivation license immediately increases Pure Sunfarms' total cultivation capacity to 1.65M square feet, all of which is at a single location in Delta, British Columbia. Pure Sunfarms expects to begin planting in the completed half of the Delta 2 facility in September of this year, with the first harvest expected in November of this year. Pure Sunfarms expects to further increase its cultivation capacity to 2.2M square feet during the second half of 2022 upon completion of the conversion of the remaining half of the Delta 2 facility for cannabis production.
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WNC | Hot Stocks07:00 EDT Wabash sells Extract Technology to Dietrich Engineering - Wabash announced the sale of Extract Technology to Lausanne, Switzerland-based Dietrich Engineering Consultants, a portfolio company of Berlin, Germany-based capiton AG. Extract Technology, based in Huddersfield, U.K., is a worldwide supplier of containment and aseptic systems for the pharmaceutical, healthcare, biotech and chemical markets. Extract Technology joined Wabash National in 2012 as part of the Walker Group Holdings acquisition. Extract Technology represented approximately $22M of sales in 2020 and was reported within Wabash National's Diversified Products Group segment. The sale closed June 30, with Extract Technology continuing operations under the ownership of DEC.
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ACN | Hot Stocks06:59 EDT Accenture to acquire Ethica Consulting Group, terms not disclosed - Accenture has agreed to acquire Ethica Consulting Group, a group of technology companies based in Italy that provides advanced software and professional services. The acquisition will strengthen Accenture's capabilities in delivering digital transformation for clients and enabling them to develop innovative products and services using SAP cloud-based solutions. Financial terms of the acquisition were not disclosed.
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GCO | Hot Stocks06:52 EDT Genesco issues statement regarding Legion investor presentations - Genesco issued the following statement: "Legion Partners Asset Management LLC ("Legion") and their director slate recently issued two investor presentations consisting of collectively over 200 pages of misinformation, misleading claims, and superficial suggestions, as well as a press release with inaccurate assertions regarding Genesco's commitment to ESG and DE&I, which the Company believes demonstrate a lack of understanding of Genesco's business and the industry and a disregard for long-term value creation. Legion chooses to ignore the hard work that Genesco has already done to address the changing retail environment, as well as its recent results which demonstrate that the Company's strategic plan is working. Genesco has been undergoing a series of transformations since 2019, including at the Board and management level, to execute on a new footwear focused strategy. Under the leadership of lead independent director Matt Diamond, and CEO Mimi Vaughn, Genesco put in place a new six-pillar strategy that is generating results as demonstrated by the Company's recent performance - including delivering compelling results during the pandemic, a time when many others in the industry struggled, as well as kicking off a strong start to FY2022. Legion's public campaign is focused on disrupting the work that is continuing to take place to drive value. Accordingly, Genesco believes it is imperative to set the record straight for shareholders... Since 2016, Genesco's compensation proposals have been supported by both ISS and Glass Lewis and averaged 95% of shareholder support through say-on-pay votes. Genesco's compensation program rewards management for creating sustainable shareholder value by maximizing net operating earnings less the cost of capital used to produce those earnings and also encourages the return of capital to shareholders - demonstrating strong shareholder alignment. It is a thoughtful plan design that incentivizes performance while protecting shareholder interests, and the Board continuously reviews it to ensure Genesco is driving performance and shareholder value creation. Legion's flawed evaluation of compensation is an effort to distract from the overwhelming support these programs have received. Genesco shareholders are encouraged to review Genesco's investor presentation for a comprehensive update on the Company's track record of execution, strong footwear focused strategy, and fit-for-purpose Board of Directors. The presentation and additional information can be found at www.GenescoDrivingValue.com. Most importantly, Genesco strongly urges shareholders to vote the BLUE proxy card FOR ALL the Company's highly qualified and experienced director nominees. Shareholders are reminded that their vote is important, no matter how many or how few shares they own. Voting the WHITE proxy card, even in protest, will revoke any previous proxy submitted using the BLUE proxy card. Only the latest-dated proxy counts."
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DPW | Hot Stocks06:50 EDT Ault Global Holdings portfolio company Alzamend submits AL001 IND in Alzheimer's - Ault Global Holdings announced that Alzamend Neuro, a preclinical stage biopharmaceutical company focused on developing novel products for the treatment of neurodegenerative diseases and psychiatric disorders, submitted an investigational new drug application to the FDA for the initiation of a Phase 1 clinical study of AL001 on June 30. The Phase 1, first-in-human study, is designed for the purpose of determining potential clinically safe and appropriate AL001 dosing in future studies. AL001 is a lithium-based ionic cocrystal oral therapy for patients with dementia related to mild, moderate, and severe cognitive impairment associated with Alzheimer's disease. Following completion of this initial study, Alzamend intends to initiate a Phase 1/2a clinical trial designed to evaluate the safety, tolerability, pharmacokinetics, pharmacodynamics, and preliminary efficacy of AL001 in Alzheimer's disease patients. Presuming favorable data, a subsequent Phase 2b program is planned to target appropriate doses for the pivotal Phase 3 safety/efficacy clinical program required for regulatory approval. AL001 treatment prevents cognitive deficits, depression, and irritability in APPSWE/PS1dE9 mice, and has shown an improvement of associative learning and memory and irritability compared with lithium carbonate treatments. The company beneficially owns approximately 5.3 million shares of Alzamend common stock held by its wholly owned subsidiary, Digital Power Lending. The company has the right to acquire 1.35 million shares of Alzamend common stock upon the exercise of warrants beneficially owned by DPL. Under the terms of the securities purchase agreement, DPL may purchase an additional 4.0 million shares. Should the company exercise all warrants and options to invest, it would own approximately 22.6 million shares with an average cost of $2.27 per share of common stock, representing 22% of Alzamend's issued and outstanding common stock.
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ITT | Hot Stocks06:49 EDT ITT sells InTelCo Management to to Delticus HoldCo - ITT announced that it has divested InTelCo Management, a wholly owned subsidiary that holds long-term liabilities including asbestos liabilities and related insurance assets, to Delticus HoldCo, L.P., a corporate liability consolidation vehicle and portfolio company of Warburg Pincus. The estimated impact of the divesture will be a one-time after-tax loss of approximately $27M to be recorded in the second quarter and excluded from adjusted earnings per share. Delticus has acquired 100% of the equity of InTelCo, which indemnifies ITT for all legacy asbestos liabilities. At closing, ITT contributed approximately $398M in cash to InTelCo. As a result of the transaction, ITT removed all asbestos obligations, related insurance assets and associated deferred tax assets from the company's consolidated balance sheet. Delticus will assume the operational management of InTelCo, including the administration of all the asbestos claims and collection of existing insurance policy reimbursements.
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LNN | Hot Stocks06:47 EDT Lindsay CEO 'optimistic' on outlook for infrastructure business - "Market conditions support continued robust demand for irrigation equipment, and we also expect raw material inflation and supply chain challenges to persist through the balance of our fiscal year," said CEO Wood. "We remain optimistic about the outlook for our infrastructure business, particularly as coronavirus restrictions are lifted and road construction activity returns to more normal levels." Wood continued, "Our financial position remains strong, providing support for our innovation growth strategy across our businesses that address global megatrends and provide solutions that improve customer profitability and assist in their sustainability efforts."
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IMUX | Hot Stocks06:38 EDT Immunic receives FDA clearance for ENSURE program IND - Immunic, announced FDA clearance of its investigational new drug, or IND, application for the phase 3 ENSURE program of lead asset IMU-838, the company's selective oral DHODH inhibitor, in patients with relapsing-remitting multiple sclerosis, or RRMS. In addition, the FDA also cleared the company's separate IND application for the supportive phase 2 CALLIPER trial of IMU-838 in patients with progressive multiple sclerosis, or PMS.
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ISOS... | Hot Stocks06:37 EDT Bowlero to list on NYSE through merger with Isos Acquisition - Bowlero Corp, an owner and operator of bowling centers as well as owner of the Professional Bowlers Association, and Isos Acquisition Corporation (ISOS), announced a definitive agreement for a business combination that would result in Bowlero becoming a publicly listed company. Upon closing of the transaction, the combined company will be named "Bowlero" and its common stock and warrants are expected to trade on NYSE under the new ticker symbols "BOWL" and "BOWL WS", respectively. The pro forma implied enterprise value of the combined company is approximately $2.6B. Once the transaction closes, Bowlero will continue to be led by its existing management team and is expected to have a nine-person board composed of a majority of independent directors. "As the global leisure industry continues its strong rebound from last year, the strength of our brand and business model leave us extremely well-positioned to benefit. Since pandemic capacity restrictions have started to lift, location revenue has sharply rebounded to greater than pre-pandemic levels despite continued restrictions in certain locations," said Brett Parker, Bowlero's President and CFO. "We anticipate that EBITDA will grow at more than an 11% through 2023 from pre-pandemic levels, with normalized EBITDA margins north of 30% as we further grow the business and execute our plan." A $450 million fully committed PIPE transaction consisting of convertible preferred and common stock has been secured in consideration for $345M in cash and $105M of Atairos' existing equity in Bowlero, anchored by investors including funds managed by affiliates of Apollo Global Management (APO), Brigade Capital Management, Soros Fund Management LLC, The Donerail Group LP and Wells Fargo Asset Management. The perpetual convertible preferred stock has a 5.5% dividend and a conversion price of $13.00 and mandatorily converts into common stock after two years if the common share price is at least $16.90. The transaction will provide cash to repurchase a portion of its existing equity and leave Bowlero with adequate cash to fund its operations and growth.The boards of directors of both Bowlero and Isos have approved the proposed transaction, which is expected to be completed in October 2021, subject to, among other things, the approval by Isos' stockholders and satisfaction or waiver of the other conditions stated in the definitive documentation.
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ISOS | Hot Stocks06:35 EDT Bowlero to list on NYSE through merger with Isos Acquisition
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ALZN | Hot Stocks06:33 EDT Alzamend Neuro submits IND application to FDA for AL001 - Alzamend Neuro announced that it submitted an investigational new drug application to the U.S. FDA for the initiation of a Phase 1 clinical study of AL001 on June 30. The Phase 1, first-in-human study is for the purpose of determining potential clinically safe and appropriate AL001 dosing in future studies. AL001 is a lithium-based ionic cocrystal oral therapy for patients with dementia related to mild, moderate, and severe cognitive impairment associated with Alzheimer's disease. Following completion of this initial study, Alzamend intends to initiate a Phase 1/2a clinical trial designed to evaluate the safety, tolerability, pharmacokinetics, pharmacodynamics, and preliminary efficacy of AL001 in Alzheimer's disease patients. Presuming favorable data, a subsequent Phase 2b program is planned to target appropriate doses for the pivotal Phase 3 safety/efficacy clinical program required for regulatory approval.
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GTLS | Hot Stocks06:32 EDT Chart Industries acquires L.A. Turbine for $80M in cash - Chart Industries announced the acquisition of L.A. Turbine for $80M in cash. L.A. Turbine is a global leader in turboexpander design, engineering, manufacturing, assembly and testing process for new and aftermarket equipment, with significant in-house engineering expertise. Chart said, "LAT is expected to be immediately accretive to Chart, with 2021 positive impact to full year guidance to be shared on Chart's second quarter 2021 earnings call which is scheduled for July 22, 2021. Looking ahead to 2022, when we will have ramped up our combined benefits, L.A. Turbine is expected to contribute between $40 and $50 million of revenue and $0.20 to $0.30 of non-diluted earnings per share on approximately 35.5 million weighted shares outstanding (assuming tax rate of 18%). Additionally, our total addressable market for our specialty products is expanded by $350 million resulting from this acquisition - the result of the expanded TAM for hydrogen liquefaction, helium liquefaction and carbon capture with energy storage. This addition brings our total near-term specialty products addressable market size to $6.6 billion."
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LVS... | Hot Stocks06:32 EDT Macau reports June casino revenue up 812.5% to 6.535B patacas - Macau's gaming bureau reported June gross revenue from games of fortune in the region increased 812.5% year-over-year to 6.535B patacas. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Resorts (MLCO). Reference Link
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OYST | Hot Stocks06:31 EDT Oyster Point Pharma's OC-01 nasal spray shows COVID-19 protection - Oyster Point Pharma announced preclinical data in non-human primates and in vitro models evaluating OC-01 - varenicline - nasal spray against SARS-CoV-2 and the alpha and beta variants, the viruses that cause COVID-19 disease. Administration of OC-01 nasal spray protected rhesus macaques against SARS-CoV-2 nasal infection. The results were published on the preprint server bioRxiv. Administration of OC-01 resulted in inhibition of cellular entry and replication of SARS-CoV-2. The absence of sgRNA indicates that the SARS-CoV-2 virus had not significantly infected nasal mucosa cells to start the transcription process of building new infectious virions. The absence of sgRNA following this very high viral inoculum also suggests the possibility of transmission may be substantially reduced after treatment with OC-01. In a separate study, researchers evaluated the in vitro antiviral activity of varenicline against SARS-CoV-2 and SARS-CoV-2 alpha and beta variants. The "promising" in vitro and in vivo data suggest a clinical path forward for OC-01. Further studies investigating the mechanism of action and its effect on other variants of concern, such as the gamma and delta variants are ongoing. Additionally, OC-02 - simpinicline - was evaluated for in vitro antiviral activity against the SARS-CoV-2 alpha variant. Simpinicline demonstrated potent antiviral activity against the SARS-CoV-2 variants in cell culture with an IC50 of 0.04 microM. Further studies investigating the antiviral effect on other variants of concern are ongoing. OC-01 and OC-02 nasal sprays have not been proven safe or effective to prevent SARS-CoV-2 infection or treat COVID-19 in humans, nor been approved for any use by the FDA. The PDUFA target action date for OC-01 nasal spray is October 17, with a planned U.S. launch in Q4, if approved by the FDA.
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ARQT | Hot Stocks06:23 EDT Arcutis drops 5% to $25.80 after terminating Phase 2a trial of ARQ-252
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NSANY | Hot Stocks06:16 EDT Nissan unveils EV36Zero, GBP 1B electric vehicle hub - Nissan has unveiled Nissan EV36Zero, a GBP 1B flagship Electric Vehicle hub. Nissan said in a statement: "Centered around the record-breaking plant in Sunderland, UK, Nissan EV36Zero will supercharge the company's drive to carbon neutrality and establish a new 360-degree solution for zero-emission motoring. The transformational project has been launched with an initial GBP 1bn investment by Nissan and its partners Envision AESC, a global player in world-leading battery technology, and Sunderland City Council. Comprised of three interconnected initiatives, Nissan EV36Zero brings together electric vehicles, renewable energy and battery production, setting a blueprint for the future of the automotive industry." As part of the GBP 1 billion announcement, Nissan will invest up to GBP 423 million to produce a new-generation all-electric vehicle in the UK. Production in Sunderland will create 909 new jobs at the plant, and more than 4,500 in the UK supply chain, while safeguarding a further 75 R&D jobs, Nissan added.
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ARQT | Hot Stocks06:08 EDT Arcutis Biotherapeutics to terminate Phase 2a trial of ARQ-252 - Arcutis Biotherapeutics announced its decision to terminate the recently initiated Phase 2a clinical trial evaluating ARQ-252, a topical small molecule inhibitor of Janus kinase type 1, as a potential treatment for vitiligo. Arcutis' decision is based on further analyses of the ARQ-252 drug formulation used in both this vitiligo study and the recently completed Phase 2b study evaluating ARQ-252 for the treatment of chronic hand eczema. As previously announced, the Phase 2b chronic hand eczema study did not meet its primary endpoint, with none of the ARQ-252 arms achieving statistical significance versus vehicle. Further analyses of that study pointed toward inadequate local drug delivery to the skin as a key driver of the lack of efficacy. The vitiligo study is not being terminated for any safety or tolerability reasons. ARQ-252 has been safe and well-tolerated, and no unexpected safety concerns have been identified.
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MKSI... | Hot Stocks06:07 EDT MKS Instruments to acquire Atotech for $16.20 in cash plus stock - MKS Instruments (MKSI) and Atotech (ATC) announced that they have entered into a definitive agreement pursuant to which MKS will acquire Atotech for $16.20 in cash and 0.0552 of a share of MKS common stock for each Atotech common share. The equity value of the transaction is $5.1B and the enterprise value of the transaction is approximately $6.5B. The transaction will result in pro forma annual revenue of $3.8B and is expected to be accretive to MKS' Non-GAAP net earnings per share within the first year and additive to MKS' free cash flow. MKS expects to realize $50M in annualized cost synergies within 18 to 36 months. MKS intends to fund the cash portion of the transaction with a combination of available cash on hand and committed debt financing. The combined company is expected to have pro forma net cash and investments of approximately $800M and total debt outstanding of $5.3B at closing, with an estimated gross leverage ratio of under 4.0 times and net leverage ratio of under 3.5 times.2 MKS has also obtained a commitment to replace its current $100M asset-based revolving credit facility with a $500M revolving credit facility. The transaction, expected to be implemented by way of a scheme of arrangement of Atotech under the laws of Jersey, has been unanimously approved by the MKS and Atotech boards of directors and is subject to Atotech shareholder approval, approval of the Royal Court of Jersey, regulatory approvals, and other customary closing conditions, and is expected to close by the fourth quarter of 2021. Carlyle (CG) and its affiliates, owner of 79% of outstanding Atotech common shares, have signed an irrevocable agreement to vote in favor of the transaction.80% of shares owned by Carlyle will be subject to a 30-day lock-up period post-closing and 60% of shares owned by Carlyle will be subject to a 60-day lock-up period post-closing.
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MKSI... | Hot Stocks06:07 EDT MKS Instruments to acquire Atotech for $16.20 in cash plus stock - MKS Instruments (MKSI) and Atotech (ATC) announced that they have entered into a definitive agreement pursuant to which MKS will acquire Atotech for $16.20 in cash and 0.0552 of a share of MKS common stock for each Atotech common share. The equity value of the transaction is $5.1B and the enterprise value of the transaction is approximately $6.5B. The transaction will result in pro forma annual revenue of $3.8B and is expected to be accretive to MKS' Non-GAAP net earnings per share within the first year and additive to MKS' free cash flow. MKS expects to realize $50M in annualized cost synergies within 18 to 36 months. MKS intends to fund the cash portion of the transaction with a combination of available cash on hand and committed debt financing. The combined company is expected to have pro forma net cash and investments of approximately $800M and total debt outstanding of $5.3B at closing, with an estimated gross leverage ratio of under 4.0 times and net leverage ratio of under 3.5 times.2 MKS has also obtained a commitment to replace its current $100M asset-based revolving credit facility with a $500M revolving credit facility. The transaction, expected to be implemented by way of a scheme of arrangement of Atotech under the laws of Jersey, has been unanimously approved by the MKS and Atotech boards of directors and is subject to Atotech shareholder approval, approval of the Royal Court of Jersey, regulatory approvals, and other customary closing conditions, and is expected to close by the fourth quarter of 2021. Carlyle (CG) and its affiliates, owner of 79% of outstanding Atotech common shares, have signed an irrevocable agreement to vote in favor of the transaction.80% of shares owned by Carlyle will be subject to a 30-day lock-up period post-closing and 60% of shares owned by Carlyle will be subject to a 60-day lock-up period post-closing.
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AVNT | Hot Stocks06:03 EDT Avient acquires Magna Colours for $48M - Avient announced it has acquired Magna Colours for $48M. The MagnaColours materials will join Avient's existing specialty inks portfolio, alongside brands such as Wilflex and Rutland. Founded in 1978 and based in Barnsley, United Kingdom, Magna has pioneered the development of next-generation water-based ink technology that provides solutions for brands and screen printers.
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GSK | Hot Stocks06:02 EDT Elliott publishes letter, says GlaxoSmithKline has 45% upside in share price - Elliott Advisors, which advises funds that have a significant position in GlaxoSmithKline, published a letter sharing its perspectives on the company. The letter says in part: "GSK has a substantial value creation opportunity: We believe there is significantly more value to be realised at GSK with superior execution. Our analysis suggests that GSK has an opportunity to generate up to 45% upside in its share price in the lead-up to its full separation, and much more in the years beyond. GSK has struggled with execution: GSK has underperformed for years, operationally and financially. Despite possessing strong businesses in attractive markets, GSK has failed to capture business opportunities due to years of under-management... CH and New GSK are two strong businesses that the market currently values far below their true potential. In our view, they warrant a combined valuation greater than 45% higher than GSK's valuation today, especially as GSK progresses towards a full separation. Elliott calls on the Board to confirm that, prior to the separation from CH, GSK will appoint non-executive directors with deep biopharma and CH expertise, and that the new, fit-for-purpose GSK Board will then run robust processes for selecting the best executive leadership for New GSK and CH, considering both internal and external candidates."
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MKSI ATC | Hot Stocks06:01 EDT MKS Instruments to acquire Atotech for $16.20 in cash
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ORTX PHARM | Hot Stocks05:34 EDT Orchard Therapeutics, Pharming Group enter OTL-105 commercialization agreement - Orchard Therapeutics (ORTX) and Pharming Group (PHAR) announced a strategic collaboration to research, develop, manufacture and commercialize OTL-105, a newly disclosed investigational ex vivo autologous hematopoietic stem cell, or HSC, gene therapy for the treatment of hereditary angioedema, or HAE, a life-threatening rare disorder that causes recurring swelling attacks in the face, throat, extremities and abdomen. OTL-105 is an investigational HSC gene therapy designed to increase C1 esterase inhibitor, or C1-INH, in HAE patient serum to prevent hereditary angioedema attacks. OTL-105 inserts one or more functional copies of the SERPING1 gene into patients own HSCs ex vivo which are then transplanted back into the patient for potential durable C1-INH production. In preclinical studies, to date, OTL-105 demonstrated high levels of SERPING1 gene expression via lentiviral-mediated transduction in multiple cell lines and primary human CD34+ HSCs. Furthermore, the program achieved production of functional C1-INH protein, as measured by a clinically validated assay. Under the terms of the collaboration, Pharming has been granted worldwide rights to OTL-105 and will be responsible for clinical development, regulatory filings, and commercialization of the investigational gene therapy, including associated costs. Orchard will lead the completion of IND-enabling activities and oversee manufacturing of OTL-105 during pre-clinical and clinical development, which will be funded by Pharming. In addition, both companies will explore the application of non-toxic conditioning regimen for use with OTL-105 administration. Orchard will receive an upfront payment of $17.5M comprising $10M in cash and a $7.5M equity investment from Pharming at a premium to Orchard's recent share price. Orchard is also eligible to receive up to $189.5M in development, regulatory and sales milestones as well as mid-single to low double-digit royalty payments on future worldwide sales.
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ADXN JNJ | Hot Stocks05:31 EDT Addex Therapeutics announces mGlu2 research published in Nature - Addex Therapeutics (ADXN) announced research revealing structures of the metabotropic glutamate receptor 2, or mGlu2, in complex with one of Addex's mGlu2 positive allosteric modulators, or PAMs. The study, published in Nature, was headed by Professor Georgios Skiniotis in collaboration with the University of Copenhagen and Addex. The Nature publication explains how the mGlu2 receptor undergoes conformational transitions from an inactive to an active state. These novel structures, along with the allosteric binding site revealed through site directed mutagenesis of residues within the transmembrane domain, provides a better understanding on the function of mGlu2 receptors. This information can be used for computer aided drug discovery and will help accelerate optimization of allosteric compounds. Addex has developed capabilities that have allowed the industrialization of allosteric modulator discovery, including extensive expertise in targeting the mGlu2 receptor. ADX71149 is a novel orally active mGlu2 PAM. Addex's partner, Janssen Pharmaceuticals, part of the Janssen Pharmaceutical companies of Johnson & Johnson (JNJ), has recently started a placebo-controlled Phase 2a proof of concept clinical trial of ADX71149 in epilepsy patients. In-house, Addex is advancing mGlu2 negative allosteric modulators, or NAM, as a novel orally available treatment for mild neurocognitive disorders associated with Alzheimer's disease, Parkinson's disease and depressive disorders. Optimization of multiple chemical series' of highly selective mGlu2 NAMs is ongoing, with several compounds at the late stage of lead optimization.
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QGEN | Hot Stocks05:28 EDT Qiagen forms strategic alliance with Sysmex for cancer companion diagnostics - Qiagen announced a strategic alliance with Japan's Sysmex for the development and commercialization of cancer companion diagnostics, which will leverage both Qiagen's leadership in this field and Sysmex's Plasma-Safe-SeqS technology for next generation sequencing, or NGS. The alliance aims to foster collaborations with pharmaceutical companies for the development of drug treatments for cancer and promote early clinical adoption of ultra-sensitive liquid biopsy companion diagnostics. Qiagen and Sysmex have a partnership, which, for example, provides the ipsogen JAK2 blood-cancer test in Japan. Cancer companion-diagnostics products will be launched by Qiagen and Sysmex in various regions of the world.
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STM | Hot Stocks05:26 EDT STMicroelectronics launches up to $1.04B share buy-back program - STMicroelectronics announced the launch of a share buy-back program of up to $1.04B to be executed within a three-year period following the publication of this press release. The share buy-back program will be carried out in accordance with the authorization of the Supervisory Board and the provisions of the Market Abuse Regulation and Commission Delegated Regulation. The company intends to carry out the buy-back program, and hold the shares bought back as treasury stock, for the purpose of meeting the company's obligations in relation to its employee stock award plans and to support the potential settlement of its outstanding convertible bond. As of June 28, the company holds approximately 8M treasury shares, representing approximately 0.9% of its issued share capital.
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SSL | Hot Stocks05:21 EDT Sasol CFO Paul Victor to step down in 2022, Hanre Rossouw to succeed - Shareholders are advised in terms of paragraph 3.59 of the JSE Listings Requirements that Paul Victor has informed the company that he will step down as CFO and executive director of Sasol on June 30, 2022. Shareholders are also advised of the appointment of Hanre Rossouw, currently the CFO of Royal Bafokeng, as CFO designate and executive director designate of Sasol to succeed Paul Victor. Hanre will join Sasol on April 4, 2022 and will succeed Paul as executive director and CFO on 1 July 1, 2022. Paul has agreed to remain with Sasol until the publication of Sasol's financial results and suite of annual reports for the year ending June 30, 2022, allowing for a sixth-month structured handover period.
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NIO | Hot Stocks05:19 EDT Nio reports June deliveries up 116.1%, Q2 deliveries up 111.9% - NIO announced its June and Q2 delivery results. NIO delivered 8,083 vehicles in June, a new monthly record representing 116.1% year-over-year growth. The deliveries consisted of 1,498 ES8s, the company's six-seater or seven-seater smart electric SUV, 3,755 ES6s, the company's five-seater smart electric SUV, and 2,830 EC6s, the company's five-seater smart electric coupe SUV. NIO delivered 21,896 vehicles in the three months ended June, a new quarterly record representing a strong increase of 111.9% year-over-year. As of June 30, cumulative deliveries of the ES8, ES6 and EC6 reached 117,597 vehicles.
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ZVO | Hot Stocks05:16 EDT Zovio to pay $295,120 to resolve Massachusetts Attorney General's Office inquiry - Zovio announced it has agreed to resolve an inquiry by the Massachusetts Attorney General's Office through an assurance of discontinuance, or AOD. Zovio cooperated fully with the Attorney General's inquiry, which focused on alleged violations of the Massachusetts consumer protection laws. Following a seven-year investigation, of its former Ashford University, the AOD alleges that Ashford unfairly imposed a one-time student technology fee that wasn't refunded to students who withdrew after six weeks of enrollment and failed to disclose certain information, which if provided to students, may have influenced the prospective students not to choose to enroll. In 2014, Ashford University made the decision to cease online operations in Massachusetts and not recruit or enroll new students in the State. Zovio and Ashford University deny the allegations made in the AOD and stand behind its commitment, adherence and compliance with all consumer protection laws. Most importantly, the AOD does not constitute an admission or finding of wrongdoing by Zovio nor any non-compliance with any state or federal law, rule or regulation. The AOD requires Zovio to pay $295,120 to the Attorney General and cease to collect previously written off balances owe to Ashford University by students who enrolled in Ashford and were Massachusetts residents between 2011 - 2014.
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ACN | Hot Stocks05:12 EDT Accenture acquires Trivadis, terms undisclosed - Accenture has entered into an agreement to acquire Trivadis, an IT services provider specializing in platforms and solutions that enable highly automated provisioning and use of data. Trivadis's team of more than 710 professionals located across Switzerland, Germany, Austria, Denmark, and Romania will join Accenture's Data & AI team within the Accenture Cloud First group. Financial terms of the acquisition were not disclosed.
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PM | Hot Stocks05:11 EDT Philip Morris to acquire Fertin Pharma from EQT for DKK 5.1B - EQT announced that the EQT Mid Market Europe fund has agreed to sell Fertin Pharma, a specialist CDMO in oral and intra-oral delivery technologies, to Philip Morris for an enterprise value of DKK 5.1B. The company develops and manufactures delivery systems, such as chewing gums, tablets and powders, used for pharmaceutical- and nutraceutical applications. In 2020, nearly three billion Nicotine Replacement Therapy, or NRT, doses were manufactured, supporting more than 3.2M people with reducing and quitting smoking. Fertin Pharma is a global business with fully integrated and automated manufacturing and R&D capabilities through sites in Denmark, Canada and India, and a total employee base of more than 860 people. EQT Private Equity acquired a 70% stake in Fertin Pharma in 2017 from the Bagger-Sorensen family, which has remained invested in the company's diversification throughout EQT's ownership period. Jacek Olczak, CEO of PMI added, "The acquisition of Fertin Pharma will be a significant step forward on our journey toward delivering a smoke-free future - enhancing our smoke-free portfolio, notably in modern oral, and accelerating our progress in beyond nicotine. Both PMI and Fertin share a commitment to science and consumer-centric innovations for better living, and I am delighted we have reached this agreement. Fertin's diverse portfolio of technologies, evolving business mix, and world-class expertise will enrich our innovation pipeline and capabilities, providing speed and scale in oral delivery to support our 2025 goals of generating more than 50% of our net revenues from smoke-free products and at least USD 1 billion from products beyond nicotine."
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XPEV | Hot Stocks05:05 EDT XPeng reports June deliveries up 617%, Q2 deliveries up 439% - XPeng announced its vehicle delivery results for June and Q2. XPeng recorded its highest-ever monthly deliveries in June of 6,565 Smart EVs, representing a 617% increase year-over-year, and a 15% increase over last month. The company also achieved a quarterly record of 17,398 deliveries in Q2, marking a 439% increase year-over-year. June deliveries consisted of 4,730 P7s, the company's sports smart sedan, and 1,835 G3s, its smart compact SUV. As of June 30, year-to-date total deliveries reached 30,738 units, representing a 459% increase year-over-year. P7 deliveries continued record-breaking growth in June. Since mid-2020, 34,588 P7s have been delivered. The company plans to launch the G3i SUV, the new mid-phase facelift version of G3, in July, with deliveries planned for September this year. XPeng also plans to launch its third production model, the P5 family-friendly smart sedan, in Q3 with deliveries expected in Q4. Upon delivery, the P5 will be the world's first mass-produced Smart EV equipped with auto-grade LiDAR technology.
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