Stockwinners Market Radar for August 11, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
NVVE BLBD | Hot Stocks16:32 EDT Nuvve Holding, Blue Bird expand partnership for electric school buses - Nuvve Holding (NVVE) and Blue Bird (BLBD) plan to deploy the extensive financing capabilities from Levo Mobility, Nuvve's recently formed joint venture with Stonepeak Partners, across Blue Bird's distribution network, allowing customers to lease V2G electric school buses, related charging infrastructure, and energy management for a flat monthly fee with no upfront costs. The Nuvve and Blue Bird partnership expansion also makes V2G ubiquitous in the electric school bus market by integrating Nuvve V2G charging infrastructure within the Blue Bird manufacturing and distribution network. Levo will offer its Fleet-as-a-Service model through Blue Bird's nationwide distribution network, providing fully financed electric school buses along with associated charging infrastructure, service, and energy management to qualified Blue Bird customers and dealers. Levo has a capital commitment of up to $750M with the potential to electrify up to 3,500 school buses. The two companies also plan to deploy Nuvve V2G charging stations along with electric buses at select Blue Bird dealers in multiple states across the U.S.
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VCTR | Hot Stocks16:32 EDT Victory Capital reports total AUM $162.9B on July 31st vs. $161.9B on June 30
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REXR | Hot Stocks16:29 EDT Rexford Industrial acquires three industrial properties for $115.2M - Rexford Industrial acquired three industrial properties comprised of a 5.8 acre redevelopment site, a 107,023 SF industrial building and a 22.3 acre industrial outdoor storage site for an aggregate purchase price of $115.2M. The acquisitions were funded using cash on hand. In July and August, the company acquired these properties: 1901 Via Burton, located in Fullerton, within the Orange County-North submarket for $24.2M or $96 per land square foot. The company intends to re-develop the current 5.8 acre site into a new 139,000 square foot warehouse. The stabilized unlevered cash yield on total investment is projected to be approximately 5.5% upon lease-up. 1555 S. Cucamonga Ave, located in Ontario, CA, for $21.0M or $51 per land square foot. The 100% leased, 107,023 SF multi-building industrial property is located near the Ontario Airport. The company intends to redevelop the site with a new 213,000 square foot modern, Class A logistics building. 1800 E. Lomita Blvd, located within the LA - South Bay submarket for $70.0M or $73 per land square foot. The site is zoned for by-right outdoor container storage and stacking. The investment generates an initial 3.6% unlevered yield which is expected to grow substantially over time as current in-place leases at rental rates estimated to be nearly 50% below market are rolled to higher market rents.
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EBAY | Hot Stocks16:26 EDT eBay reports total of 159M global active buyers - Annual active buyers declined by 2%, for a total of 159M global active buyers.
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TGT... | Hot Stocks16:24 EDT Target names David Abney, Gail Boudreaux to board of directors - Target (TGT) announced its board of directors elected David Abney, former chairman of the board and CEO of United Parcel Service (UPS), and Gail Boudreaux, president and CEO of Anthem (ANTM) as directors. Abney's appointment is effective immediately and Boudreaux's appointment becomes effective September 23.
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VNRX | Hot Stocks16:24 EDT VolitionRx reports Q2 net income ($5.6M) - "We have made significant progress on many fronts during the first half of 2021, in particular on all four of the company's key pillars," commented CEO Cameron Reynolds. "We have also significantly strengthened our balance sheet, our intellectual property portfolio, and our executive team to drive our commercial focus."
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BCEL | Hot Stocks16:23 EDT Atreca reports cash, equivalents of $182.3M at June 30
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MN | Hot Stocks16:23 EDT Manning & Napier reports preliminary AUM $22.5B as of July 31 - Compared with $22.3B at June 30.
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ALRN | Hot Stocks16:22 EDT Aileron Therapeutics sees cash, equivalents funding operations into 2H23 - Cash, cash equivalents and investments on June 30, 2021 were $59.5M, compared to $13.8M at December 31, 2020. The company expects, based on its current operating plan, that its existing cash, cash equivalents and investments will fund operations into the second half of 2023.
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AB | Hot Stocks16:22 EDT AllianceBernstein reports preliminary AUM $748B as of July 31 - Up from $738B at the end of June. Market appreciation and modest firmwide net inflows drove the 1% increase. In the month of July, net inflows to Retail and Private Wealth were partially offset by net outflows from Institutions.
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VEI CHK | Hot Stocks16:22 EDT Vine Energy cancels Q2 conference call - Vine Energy (VEI) announced that it cancelled its second-quarter 2021 conference call scheduled for August 16, 2021 at 9am Central time following the announcement of the definitive agreement in which Chesapeake Energy (CHK) intends to acquire Vine. The call is not expected to be rescheduled. The company expects to file its second-quarter 2021 results on Form 10-Q on or before August 16, 2021.
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DM XONE | Hot Stocks16:21 EDT Desktop Metal to acquire ExOne for $25.50 per share - Desktop Metal (DM) and The ExOne Company (XONE) announced they have entered into a definitive agreement pursuant to which Desktop Metal will acquire all of the issued and outstanding shares of ExOne common stock. Under the terms of the agreement, ExOne shareholders will receive $8.50 in cash and $17.00 in shares of Desktop Metal common stock for each share of ExOne common stock, for a total consideration of $25.50 per share, representing a transaction value of $575 million, subject to a collar mechanism as described below and implying a 47.6% premium to the closing price of ExOne's common stock on August 11, 2021 and a 43.9% premium based on the 30-day average closing price of ExOne common stock. The transaction value also implies an acquisition multiple of 6.4x 2021 consensus revenue estimates for ExOne. "We are thrilled to bring ExOne into the DM family to create the leading additive manufacturing portfolio for mass production," said Ric Fulop, Founder and CEO of Desktop Metal. "We believe this acquisition will provide customers with more choice as we leverage our complementary technologies and go-to-market efforts to drive continued growth. This transaction is a big step in delivering on our vision of accelerating the adoption of additive manufacturing 2.0." Under the terms of the agreement, at closing, ExOne stockholders will receive total consideration of $575 million, consisting of $192 million in cash consideration and $383 million in share consideration of Desktop Metal common stock. The transaction, which has been unanimously approved by the Board of Directors of ExOne, is expected to close in the fourth quarter of 2021, subject to the approval of ExOne shareholders and satisfaction of customary closing conditions, including applicable regulatory approvals.
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RGLD | Hot Stocks16:20 EDT Royal Gold sees Q1 stream segment sales 62K-67K GEOs - For the quarter ended September 30, 2021, Royal Gold expects stream segment sales to range between 62,000 and 67,000 GEOs with quarter-end inventory ranging between 22,000 and 27,000 GEOs. For the 6-month stub period ended December 31, 2021, Royal Gold expects total stream segment and royalty sales volume to range between 175,000 and 185,000 GEOs4. For the same period, depreciation, depletion and amortization expense is expected to range between $520 and $570 per GEO. Other than potential remaining conditional funding at the Khoemacau Project and potential exploration and resource payments under the NX Gold Mine stream, Royal Gold has no other project capital commitments or financing obligations. 4 Commodity price assumptions for GEO projections include: $1,750 per ounce of gold, $25.50 per ounce of silver, $4.15 per pound of copper, $8.00 per pound of nickel, $0.95 per pound of lead, and $1.25 per pound of zinc.
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ADC | Hot Stocks16:19 EDT Agree Realty announces resignation of CFO Simon Leopold - Agree Realty announced that Simon Leopold has resigned from his positions as Executive Vice President, CFO and Secretary of the company effective immediately. The Board of Directors also announced that it will commence a formal search, which will consider internal and external candidates, for a new CFO. Peter Coughenour, current Vice President, Corporate Finance who joined the company in 2015, has been appointed to the position of interim CFO until a permanent replacement is identified. David Wolff, the company's Chief Accounting Officer, will continue to lead the day-to-day operations of the company's accounting department.
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ADC | Hot Stocks16:19 EDT Agree Realty announces resignation of CFO Simon Leopold - Agree Realty announced that Simon Leopold has resigned from his positions as Executive Vice President, CFO and Secretary of the company effective immediately. The Board of Directors also announced that it will commence a formal search, which will consider internal and external candidates, for a new CFO. Peter Coughenour, current Vice President, Corporate Finance who joined the company in 2015, has been appointed to the position of interim CFO until a permanent replacement is identified. David Wolff, the company's Chief Accounting Officer, will continue to lead the day-to-day operations of the company's accounting department.
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FTI | Hot Stocks16:19 EDT TechnipFMC announces strategic investment in Loke Marine Minerals - The company states: "TechnipFMC is joining forces with Loke Marine Minerals to develop enabling technologies for the extraction of seabed minerals, driving the energy transition and a sustainable future. Marine minerals have been identified by the World Bank, World Economic Forum, and International Energy Agency as one of the potential solutions to meet the increasing demand for metals used in electric vehicle batteries, clean energy technologies, and consumer electronics. Together, Loke and TechnipFMC are developing a patent-pending, autonomous subsea production system that aims to have minimal impact on the environment and positions the company well for potential offshore licensing on the Norwegian Continental Shelf and internationally."
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XONE | Hot Stocks16:18 EDT ExOne trading halted, news pending
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LSF | Hot Stocks16:17 EDT Laird Superfood CEO Paul Hodge Jr stepping down as CEO - Laird Superfood announced that Paul Hodge, Jr. will begin transitioning to a non-executive role and stepping down as President and CEO once a successor is named. The company's Board of Directors has commenced a search for his successor.
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HSTO | Hot Stocks16:15 EDT Histogen provides update on upcoming milestones - HST 003 - The company anticipates having top-line results from Phase 1/2 clinical study of HST 003 in the second quarter of 2022. HST 004 - The company anticipates filing an IND for HST 004 in the second quarter of 2022. Emricasan - Along with partner Amerimmune, are currently evaluating our clinical development plans for the emricasan program and expect to complete our evaluation in the third quarter of 2021.
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XERS | Hot Stocks16:15 EDT Xeris reports FDA acceptance of IND application for XeriSol Levothyroxine - Xeris Pharmaceuticals announced that the FDA has allowed the Investigational New Drug Application for its XeriSol levothyroxine for hypothyroidism to proceed. The active IND enables Xeris to initiate a Phase 1 clinical study for XP-8121 using its novel formulation of levothyroxine in a subcutaneous injection for the treatment of hypothyroidism. The Phase 1 study will characterize Pharmacokinetics and evaluate the safety and tolerability of XP-8121 in healthy participants. "Levothyroxine is one of the most widely prescribed drug products in the United States. However, due to the many challenges associated with oral formulations there remains an area of significant unmet need. We believe that a potentially weekly subcutaneous injection of XeriSol levothyroxine can mitigate many of these challenges and improve compliance. The Phase 1 study is the first step toward addressing this unmet need," said Kenneth E. Johnson, PharmD, Xeris' Senior Vice President of Global Development and Medical Affairs. "The FDA acceptance of our XP-8121 further underscores the applicability of our XeriSol technology and progress of our pipeline. We will continue to invest in our pipeline in therapeutic areas where we have an established commercial footprint," said Paul R. Edick, Chairman and CEO of Xeris.
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APOG | Hot Stocks16:14 EDT Apogee Enterprises announces restructuring and cost cutting plans - Apogee Enterprises announced plans to realign and simplify its business structure to "bring a stronger focus to serving customers, enable a more competitive cost model, and better position the company for future growth and improved profitability." The company will begin executing these actions immediately and expects to be substantially completed in the first quarter of fiscal 2023. When completed, the restructuring actions announced are expected to reduce the company's workforce by approximately 400 employees. These actions build on the company's previously announced restructuring and cost savings initiatives. In October 2020, the company announced that it had identified opportunities for $10M-$20M of annualized cost savings, to be achieved by the end of fiscal 2023. With today's announcement, the company now expects to achieve $20M-$30M of annualized savings by the end of fiscal 2023. The company expects pre-tax charges between $30M-$35M related to today's announcement, primarily for asset impairments and severance. The company will record these charges as they are incurred and anticipates the majority will be recorded in the second quarter of fiscal 2022. Excluding these expected charges, the company is maintaining its previous guidance for fiscal 2022 of adjusted earnings between $2.20 to $2.40 per diluted share.
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EBAY | Hot Stocks16:12 EDT eBay CEO says 'all key business metrics met or exceeded expectations' - "Today I am pleased to announce another strong quarter. In Q2, on an apples-to-apples basis, all key business metrics met or exceeded expectations and revenue growth was driven by the acceleration in our payments migration and growth in advertising," said Jamie Iannone, CEO at eBay. "During the quarter, we hit several important milestones in our ongoing transformation, including the transition of eBay's Classifieds business - a deal that has already delivered exceptional shareholder value - and the announcement of the sale of our Korean business. We are simplifying our portfolio and growing our core while delivering significant shareholder value. We remain relentlessly focused on accelerating our product innovation by harnessing the power of next-gen technology and creating a more seamless experience for sellers. We are delivering innovative category experiences for buyers and quickly evolving in our pursuit to be the best global marketplace to sell and buy."
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ARAY | Hot Stocks16:12 EDT Accuray CFO Shig Hamamatsu stepping down September 3 - Accuray's CFO Shig Hamamatsu announced his resignation from the company to pursue an opportunity in another industry. Hamamatsu will continue as CFO through September 3 to help ensure a smooth transition. The company has appointed Brandy Green, VP, Corporate Controller, as Interim CFO effective September 4, and has initiated a national search to identify a permanent replacement.
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EBAY | Hot Stocks16:11 EDT eBay reports total of 19M global active sellers - Annual active sellers grew by 5%, for a total of 19M global active sellers.
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VRM | Hot Stocks16:11 EDT Vroom sees triple digit y/y growth in ecommerce unit sales for FY21 - The company said: "For the full year 2021, we continue to expect triple digit year-over-year growth in ecommerce unit sales and more than 200% year-over-year growth in aggregate gross profit."
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STEM | Hot Stocks16:08 EDT Stem expects to recognize 20%-30% of total 2021 revenue in Q3 - Consistent with prior guidance, the company reaffirms that it expects to recognize 20-30% of total 2021 revenue in Q3, and 50-60% of total 2021 revenue in Q4. The company believes that it has contracted for sufficient supply chain commitments to meet its 2021 revenue goal and will continue to diversify its supply chain, adopt alternative technologies, and deploy its balance sheet to meet the significant growth in customer demand.
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RGLD | Hot Stocks16:07 EDT Royal Gold acquires royalty on Red Chris Mine for $165M - Royal Gold announced that its wholly owned subsidiary, International Royalty Corporation, has acquired a 1.0% Net Smelter Return Royalty covering the currently known mineralization and prospective exploration areas that constitute a portion of the Red Chris Mine in British Columbia, Canada. Royal Gold paid $165M in cash consideration for the Royalty to Glencore Canada Corporation, a wholly owned subsidiary of Glencore International AG. Red Chris is owned and operated by a joint venture, which is owned 70% by Newcrest Mining Ltd. and 30% by Imperial Metals Corporation, in which Newcrest is the operator.
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EBAY | Hot Stocks16:06 EDT eBay expands share repurchase authorization by additional $3B
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RIDE | Hot Stocks16:06 EDT Lordstown Motors sees FY21 capital expenditures $375M-$400M - The company expects FY21 Endurance production to be limited to coincide with commercialization roadmap. Sees FY21 operating expenses $95M-$105M.
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EBAY | Hot Stocks16:06 EDT eBay reports Q2 GMV of $22.1B - Down 7% on an as-reported basis and down 11% on an FX-Neutral basis.
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APEI | Hot Stocks16:06 EDT American Public Education to acquire Graduate School USA for $1M - American Public Education has signed an agreement to acquire substantially all the assets of Graduate School USA, providers of training to the federal government. Established in 1921 as part of the U.S. Department of Agriculture, GSUSA provides training to the federal workforce through a catalog of over 300 courses specializing in foundational and continuing professional development, as well as leadership training to advance the performance of government agencies through the competency and career advancement of their employees. With the onset of the pandemic, GSUSA accelerated its shift to online learning and has been delivering courses in a virtual modality as well. APEI is acquiring substantially all of GSUSA's assets for a purchase price of $1M and GSUSA will be a new stand-alone subsidiary of APEI. Over the past three fiscal years, GSUSA has generated over $20M in average annual revenue. The transaction is anticipated to close some time during 4Q21. APEI does not expect any material impact to its operating income in 2021 related to GSUSA.
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RCKY | Hot Stocks16:05 EDT Rocky Brands raises quarterly dividend by 10.7% to 15.5c per share - The dividend will be paid on September 16, 2021 to all shareholders of record as of the close of business on September 2, 2021.
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PODD | Hot Stocks16:02 EDT Insulet introduces Omnipod Dash system at Australasian Diabetes Congress - Insulet presented the Omnipod DASH Insulin Management System to healthcare providers attending the virtual Australasian Diabetes Congress. Insulet expects to begin taking customer orders for Omnipod DASH by the end of August.
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MCW | Hot Stocks16:01 EDT Mister Car Wash adds two new locations in Orlando, Florida - Mister Car Wash has added two new locations in the Orlando area. The two locations were acquired in April of 2021 and have been closed for renovation and upgrades. The Silver Star location opened earlier this week and the Orange Blossom Trail location is scheduled to open in the Fall.
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EQ | Hot Stocks16:00 EDT Equillium announces update to EQUALISE study - Equillium announced additional data from the EQUALISE Type A portion of the study in systemic lupus erythematosus patients. The exploratory data set shows that patients without a diagnosis of lupus nephritis but with elevated urine protein/creatine ratio (UPCR) greater than200 mg/g experienced a mean decrease from baseline in UPCR of 33% and 42% at Days 29 and 57 respectively, following subcutaneous doses of itolizumab on Days 1 and 15. Notably, one subject who had baseline UPCR of 1,505 mg/g declined to 974 mg/g at Day 29 and 857 mg/g by Day 57. Additionally, patients with elevated albumin/creatinine ratio experienced a mean decrease from baseline in ACR of 22% and 53% at Days 29 and 57 respectively. "We are intrigued by this observation from our Type A portion of the study in SLE patients who did not have a diagnosis of lupus nephritis and entered the study with elevated proteinuria, and experienced reductions in UPCR and ACR following two doses of itolizumab," said Dolca Thomas, executive vice president of research and development and chief medical officer of Equillium. "There is ongoing research in the field of rheumatology and nephrology that suggests patients who have elevated proteinuria with UPCR greater than 200 mg/g or ACR greater that 30 mg/g, which is below the typical diagnostic threshold for LN and other kidney diseases, may have subclinical disease - sometimes referred to as silent LN - where early intervention with a safe and active therapy may prevent more severe outcomes. We are continuing to analyze this exploratory data and look forward to initial results from active LN patients in the Type B portion of the EQUALISE study that is now enrolling."
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EQ | Hot Stocks16:00 EDT Equillium announces update to EQUALISE study - Equillium announced additional data from the EQUALISE Type A portion of the study in systemic lupus erythematosus patients. The exploratory data set shows that patients without a diagnosis of lupus nephritis but with elevated urine protein/creatine ratio (UPCR) greater than200 mg/g experienced a mean decrease from baseline in UPCR of 33% and 42% at Days 29 and 57 respectively, following subcutaneous doses of itolizumab on Days 1 and 15. Notably, one subject who had baseline UPCR of 1,505 mg/g declined to 974 mg/g at Day 29 and 857 mg/g by Day 57. Additionally, patients with elevated albumin/creatinine ratio experienced a mean decrease from baseline in ACR of 22% and 53% at Days 29 and 57 respectively. "We are intrigued by this observation from our Type A portion of the study in SLE patients who did not have a diagnosis of lupus nephritis and entered the study with elevated proteinuria, and experienced reductions in UPCR and ACR following two doses of itolizumab," said Dolca Thomas, executive vice president of research and development and chief medical officer of Equillium. "There is ongoing research in the field of rheumatology and nephrology that suggests patients who have elevated proteinuria with UPCR greater than 200 mg/g or ACR greater that 30 mg/g, which is below the typical diagnostic threshold for LN and other kidney diseases, may have subclinical disease - sometimes referred to as silent LN - where early intervention with a safe and active therapy may prevent more severe outcomes. We are continuing to analyze this exploratory data and look forward to initial results from active LN patients in the Type B portion of the EQUALISE study that is now enrolling."
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SRNG DNA | Hot Stocks15:52 EDT Soaring Eagle, Ginkgo Bioworks announce effectiveness of registration statement - Ginkgo Bioworks and Soaring Eagle Acquisition Corp. (SRNG) announced that the Securities and Exchange Commission has declared effective the registration statement on Form S-4 filed by Soaring Eagle with the SEC relating to the previously announced business combination between Ginkgo and Soaring Eagle. Ginkgo and Soaring Eagle expect to close the transaction in the third quarter, at which point Ginkgo's Class A common stock will be listed on the New York Stock Exchange under the ticker symbol "DNA". The business combination is expected to provide up to $2.5B of gross cash proceeds, including Soaring Eagle's $1.725B of cash in trust, subject to any redemptions by Soaring Eagle shareholders, and $775M in gross proceeds from a PIPE transaction priced at $10.00 per share of Class A common stock of Soaring Eagle to be funded immediately prior to the closing of the transaction.
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MRK ESALY | Hot Stocks15:32 EDT FDA approves combo of Merck, Eisai drugs for advanced renal cell carcinoma - On August 10, 2021, the Food and Drug Administration approved the combination of lenvatinib, or Lenvima, from Eisai (ESALY) plus pembrolizumab, or Keytruda, from Merck (MRK) for first-line treatment of adult patients with advanced renal cell carcinoma, or RCC, the agency announced. Reference Link
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AMN | Hot Stocks14:54 EDT AMN Healthcare director Harris sells 15,000 common shares - In a regulatory filing, AMN Healthcare director R. Jeffrey Harris disclosed the sale of 15,000 common shares of the company on August 9 at a price of $105.0511 per share.
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W | Hot Stocks14:44 EDT Wayfair jumps 8% after announcing new $1B share repurchase program - Shares of Wayfair are up 8% or 22.46 to $307.70 per share after, announcing that the Board authorized a new $1B share repurchase program Under the 2021 Repurchase Program, the Company is authorized to repurchase, from time to time, outstanding shares of the Company's Class A common stock in the open market, through privately negotiated transactions, or otherwise, including pursuant to a Rule 10b5-1 plan. The Company will begin repurchasing shares under the 2021 Repurchase Program upon the completion of the previous $700M share repurchase program approved by the Board in August 2020 . There is no stated expiration for either of the Repurchase Programs. The Company has repurchased approximately $537M of Class A common stock under the 2020 Repurchase Program.
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NVTA EXAS | Hot Stocks14:26 EDT Invitae CEO says consolidation to be 'name of the game for the next decade' - Speaking at the UBS Genomics 2.0 & MedTech Innovations Summit, Invitae (NVTA) CEO Sean George said that it could "not comment" on Bloomberg's report saying that Exact Sciences had approached the company about a potential tie-up. Nonetheless, the executive added that, "what I can say is the industry is going to tighten up really quick. Consolidation is going to be the name of the game for the next decade."
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LMRK | Hot Stocks14:06 EDT Shareholder urges Landmark Infrastructure to break up, sell assets - Becker Boards, L.L.C. Managing Member Mark D. Becker issued a public letter that states in part: "Becker Boards, L.L.C., an Arizona limited liability company and the Mark D. Becker 401k Plans hold in excess of 550,000 common units in Landmark Infrastructure Partners L.P.. Mark D. Becker, our Managing Member, sole owner and/or beneficiary, as applicable, is active in the outdoor advertising business... As acknowledged by the CEO on several earnings calls, the master limited partnership structure of Landmark has always been problematic and one, if not the major, reason why the units currently trade well below their intrinsic value as they always have done. Because of this structural organizational issue of Landmark as a master limited partnership and its inability, despite years of efforts, to grow its way into a size large enough to convert to a REIT, it has become apparent to all that the assets of Landmark should be sold. We commend the new general partner for recognizing this fact and initiating the process by offering to buy the assets at a valuation which would pay the unit holders $13 per unit. Both Verde's $13.50 offer and Melody's subsequent offer of $16.25 per unit stated willingness to likely pay more after a brief due diligence period. These three offers confirm the wisdom of the asset sale strategy. At this point, we believe that any action to abandon or delay sale of the assets of Landmark, as initiated by the general partner, would be illogical, contrary to the best interests of the unit holders and likely a breach of the board's duty to act in good faith. The acceptance of the original $13 per unit offer would also be inexplicable and highly inappropriate...In that regard, we request that the independent committee members of the board undertake a formal process to sell the assets to one or more qualified parties at the highest price. Given that Landmark has three distinct asset classes - telcom, billboards and data centers - the best price might be obtained by selling the distinct asset classes to companies that specialize in each area. However, if the process results in one company paying the highest price for all the assets, that's fine as well."
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CNI... | Hot Stocks13:55 EDT North American rail traffic rose 1.1% in week ended August 7 - The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending August 7. For this week, total U.S. weekly rail traffic was 509,607 carloads and intermodal units, up 2.4% compared with the same week last year.Total carloads for the week ending August 7 were 234,336 carloads, up 6.3% compared with the same week in 2020, while U.S. weekly intermodal volume was 275,271 containers and trailers, down 0.6% compared to 2020. For some rail traffic categories, percentage changes for the current week compared with the same week in 2020 are inflated because of the widespread shutdowns - and subsequent large reduction in rail volumes - that impacted many economic sectors last year at this time...North American rail volume for the week ending August 7 on 12 reporting U.S., Canadian and Mexican railroads totaled 325,978 carloads, up 4.1% compared with the same week last year, and 358,442 intermodal units, down 1.5% compared with last year. Total combined weekly rail traffic in North America was 684,420 carloads and intermodal units, up 1.1%. North American rail volume for the first 31 weeks of 2021 was 21,562,185 carloads and intermodal units, up 10.7% compared with 2020. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP), Trinity Industries (TRN), Greenbrier, GBX) and FreightCar America (RAIL). Reference Link
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TDG... | Hot Stocks13:03 EDT TransDigm confirms made approach to Meggitt about possible acquisition - TransDigm Group (TDG) notes the recent announcement from Meggitt PLC (MEGGF) and confirms that TransDigm made an approach to Meggitt regarding a possible acquisition of the entire issued and to be issued share capital of Meggitt for cash consideration. "There can be no certainty that an offer will be made, nor as to the terms on which any such offer might be made. TransDigm reserves the right to introduce other forms of consideration and / or vary the mix or composition of consideration of any offer. In accordance with Paragraph 4(c) of Appendix 7 of the Code, the Panel will announce the deadline by which TransDigm must clarify its intentions in relation to Meggitt. A further announcement will be made as appropriate," the company stated.
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GRA CVX | Hot Stocks12:53 EDT W.R. Grace, Chevron joint venture announces award of FCM agreement from Bapco - Advanced Refining Technologies, or "ART," the joint venture of W. R. Grace (GRA) and Chevron (CVX), announced the award of an FCM agreement by state-owned Bahrain Petroleum Company, or "Bapco." The exclusive, 5-year agreement, which includes an option to renew for an additional five years, is valued at $240M and is "the largest catalyst management agreement ever signed in Bapco's history," the companies said. "As part of the BMP, Bapco will boost Bahrain's oil refinery processing capacity from 267,000 b/d to 380,000 b/d. In addition, ART will supply its Resid Hydrocracking catalyst technology for a wide variety of feedstocks to maximize bottom of the barrel upgrading. The technology is the industry-leading catalyst for metals capacity and sediment control. In addition, ART will provide FCM services for the reclamation of metals from spent catalysts," the companies said.
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EBC | Hot Stocks12:53 EDT Eastern Bank promotes Sujata Yadav to EVP, chief marketing officer - Eastern Bank announced the promotion of Sujata Yadav to Executive Vice President and Chief Marketing Officer reporting to Eastern Vice Chair and President Quincy Miller. "Digital marketing innovations and analytics are a key part of Eastern's growth agenda to not only retain but grow and attract new clients, and since Sujata joined Eastern, we have made great progress in these areas and more," said Bob Rivers, CEO and Chair of the Board of Eastern Bankshares, Inc. and Eastern Bank.
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PFE ENDP | Hot Stocks12:42 EDT Endo's Par Pharmaceutical granted approval for ANDA for generic Chantix - According to the FDA website, an ANDA from Par Pharmaceutical, an Endo International (ENDP) company, for Varenicline Tablets, 0.5 mg and 1 mg, was granted approval on August 11. The generic is a version of Pfizer's (PFE) brand name drug Chantix, which is indicated for use as an aid to smoking cessation treatment. Reference Link
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ELYM | Hot Stocks12:35 EDT Eliem Therapeutics Inc trading resumes
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ELYM | Hot Stocks12:30 EDT Eliem Therapeutics Inc trading halted, volatility trading pause
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INTC VZ | Hot Stocks12:05 EDT Intel names Christy Pambianchi chief people officer - Intel (INTC) announced the appointment of Christy Pambianchi as executive vice president and chief people officer, effective Sept. 7. She will report to CEO Pat Gelsinger. "As a proven and dynamic HR leader with deep experience in global manufacturing and technology companies, Christy is a fantastic fit for Intel," said Gelsinger. "Intel's people are our most important asset in building our future. Christy's unique perspective and expertise will help us foster our vibrant culture and live out our purpose of creating technology that improves the lives of every person on the planet." Mostly recently, Pambianchi was executive vice president and chief human resources officer at Verizon (VZ).
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SPCE | Hot Stocks12:01 EDT Virgin Galactic falls -15.4% - Virgin Galactic is down -15.4%, or -$4.83 to $26.50.
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FREY | Hot Stocks12:00 EDT Freyr Battery falls -19.2% - Freyr Battery is down -19.2%, or -$2.54 to $10.69.
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ONTF | Hot Stocks12:00 EDT On24 falls -28.4% - On24 is down -28.4%, or -$9.19 to $23.12.
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BTCM | Hot Stocks12:00 EDT BIT Mining Limited rises 16.8% - BIT Mining Limited is up 16.8%, or $1.28 to $8.88.
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DOCS | Hot Stocks12:00 EDT Doximity rises 17.9% - Doximity is up 17.9%, or $9.45 to $62.38.
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JOBY | Hot Stocks12:00 EDT Joby Aviation rises 36.4% - Joby Aviation is up 36.4%, or $3.65 to $13.68.
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SRAC MNTS | Hot Stocks11:57 EDT Stable Road Acquisition stockholders approve Momentus combination - Stable Road Acquisition announced that stockholders of Stable Road approved the proposed business combination with Momentus at the special meeting of stockholders held on August 11, 2021. The combined company will retain the Momentus name and its securities are expected to begin trading on the NASDAQ Global Select Market under the new symbol "MNTS" for Momentus stock and "MNTSW" for Momentus warrants on August 13, 2021, following the close of the business combination, which is expected to take place on August 12, 2021. Over 97% of the votes cast at the meeting voted to approve the business combination. Holders of approximately 55% percent of Stable Road's issued and outstanding shares cast votes at the Special Meeting. Stable Road also announced that an aggregate of approximately 3.5N shares of Stable Road's Class A common stock were submitted for redemption by public stockholders in connection with the vote, representing approximately 20% of all issued and outstanding shares of Class A common stock. After giving effect to the redemptions, approximately $137M will be disbursed from Stable Road's trust account to Momentus upon the closing of the business combination which, when combined with the $110M equity PIPE expected to be consummated concurrently with the closing, will provide Momentus with approximately $247M in total available cash, before transaction fees, expenses and payments related to the previously announced repurchase of its co-founders' shares.
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SPOT... | Hot Stocks11:57 EDT Spotify users able to play music, podcasts with smartwatches running Wear OS - Spotify (SPOT) said that, "In the coming weeks, Spotify users will be able to play their favorite playlists, albums, and podcasts with their smartwatches that run Wear OS. By having Spotify on your wrist, you're more free to run, dance, shop, cook, and socialize-and control your music and podcasts at the same time. Plus, we're excited to unveil one of the most requested features by our users: the ability to download all of your favorite music and podcasts to your smartwatch. With this new feature, Premium users will be able to download their favorite albums, playlists, and podcasts to listen offline. Free users will be able to stream their tunes in Shuffle Mode using a WiFi or cellular connection, as well as download any of their favorite podcasts directly to the watch. (...) Beyond seamlessly playing, pausing, and skipping tracks or podcast episodes, you can also control playback for everything from wireless speakers to TVs to gaming consoles using Spotify Connect-and directly from your wrist. Look out for Spotify on smartwatches running offline Wear OS from the likes of Fossil (FOSL), Mobvoi, and Suunto rolling out over the coming weeks." Spotify also noted that smartwatches running Wear OS include the new Samsung (SSNLF) Galaxy Watch4 and Galaxy Watch4 Classic.
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FB | Hot Stocks11:47 EDT Oversight Board overturns Facebook's removal of post criticizing Myanmar coup - The Facebook Oversight Board has overturned Facebook's decision to remove a post in Burmese under its Hate Speech Community Standard. The Board found that the post did not target Chinese people, but the Chinese state. Specifically, it used profanity to reference Chinese governmental policy in Hong Kong as part of a political discussion on the Chinese government's role in Myanmar. The decision requires the post to be restored. In a policy advisory statement, the Board recommends that Facebook: Ensure that its Internal Implementation Standards are available in the language in which content moderators review content. If necessary to prioritize, Facebook should focus first on contexts where the risks to human rights are more severe, the board said. Reference Link
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SCI | Hot Stocks11:46 EDT Service Corp. raises quarterly dividend 9.5% to 23c per share - Service Corporation International announced that its Board of Directors has approved an increase in its quarterly cash dividend to 23c per share of common stock.This quarterly cash dividend declared represents a 9.5% increase from the previously declared quarterly dividend of 21c per share of common stock per quarter. The quarterly cash dividend is payable on September 30, 2021 to shareholders of record at the close of business on September 15, 2021.
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CVNA | Hot Stocks11:11 EDT Carvana banned from selling vehicles in Raleigh area for 180 days - Carvana has been banned from selling vehicles in the Raleigh, North Carolina area until January 29, 2022 as part of a settlement agreement with the North Carolina Division of Motor Vehicles, a court said in a filing. According to North Carolina officials, Carvana failed to deliver titles to the DMV and perform state inspections. Reference Link
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MEGGF... | Hot Stocks10:29 EDT Meggitt announces receipt of unsolicited proposal from TransDigm - On August 2, the boards of Meggitt PLC (MEGGF) and Parker-Hannifin (PH) announced that they had reached agreement on the terms of a recommended cash acquisition pursuant to which Parker will acquire the entire issued and to be issued share capital of Meggitt, to be effected by means of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. "Consistent with the timetable for implementation of the acquisition set out in the announcement, Meggitt confirms that it will be seeking, at a hearing at the High Court of Justice, an order giving the company permission to, amongst other things, convene a meeting of shareholders of the company for the purpose of considering and, if thought fit, approving the scheme to implement the acquisition. Subject to the granting of the order by the court, the company expects to publish a circular in relation to the scheme in the week commencing August 16, 2021. A further announcement will be made on publication of the scheme document," the company announced. Further, Meggitt also stated in a notice to the London Stock Exchange: "In view of the expected publication of the scheme document, the company also announces that on 10 August 2021 it received a preliminary, non-binding proposal from TransDigm Group Incorporated (TDG) with respect to a possible cash offer of 900p per share of Meggitt for the entire issued and to be issued share capital of Meggitt. In accordance with its obligations under Rule 21.3 of the Code, the Board of Meggitt is providing TransDigm with due diligence access equal to that which was provided to Parker. The Board of Meggitt is currently reviewing the proposal as well as TransDigm's associated information request and will continue to consider carefully not only the financial terms of any offer but also TransDigm's plans for the company and the potential impact across all its stakeholders including, but not limited to, Meggitt's employees, pension schemes and customers together with HM Government and other regulatory bodies. In particular, the Board of Meggitt will assess any competing proposal by reference to whether it includes commitments at least equivalent to those made by Parker in the Announcement, including: (i) an undertaking to offer HM Government at least equivalent commitments to those agreed to be offered by Parker; (ii) at least an equivalent level of certainty regarding satisfaction of regulatory approvals as provided by Parker; (iii) agreement with respect to the funding of Meggitt's pension schemes on terms acceptable to the Meggitt Board; and (iv) commitments in respect of employment and related protections at least equivalent to those made by Parker. The directors of Meggitt continue to recommend unanimously the offer by Parker to Meggitt shareholders announced on 2 August 2021 and intend to include that recommendation in the Scheme Document expected to be sent to Meggitt shareholders in the week commencing 16 August 2021. The Board of Meggitt believes Parker's offer continues to represent an attractive proposition for Meggitt's shareholders and for its broader stakeholders, including its employees, pension schemes and customers, together with HM Government, for the long-term. There can be no certainty that any firm offer will be made by TransDigm nor as to the terms on which any offer might be made. A further announcement will be made when appropriate."
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GRFS | Hot Stocks10:27 EDT GigaGen doses first patient in Phase 1 trial for GIGA-2050 - GigaGen, a subsidiary of Grifols, announced the first patient has been dosed in its Phase 1 clinical trial of GIGA-2050, the company's recombinant hyperimmune polyclonal antibody drug designed to provide passive immunity to COVID-19 patients. GIGA-2050 is comprised of more than 12,000 antibodies demonstrating strong neutralizing activity against natural SARS CoV-2 variants in laboratory studies, including the delta variant and other variants that have emerged globally since the beginning of the pandemic. GIGA-2050 encompasses the full diversity of anti-coronavirus antibodies captured from the convalescent serum of 16 exceptional responders to COVID-19.
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PSTV | Hot Stocks10:15 EDT Plus Therapeutics to present data from studies of Rhenium-186 Nanoliposome - Plus Therapeutics announced it will present data from one planned clinical trial and one completed preclinical study evaluating its lead investigational drug, Rhenium-186 Nanoliposome, for the treatment of leptomeningeal metastases. The data will be presented at the Third Annual Conference on Brain Metastases hosted by the Society for Neuro-Oncology. Data from both studies will be presented as electronic posters by Andrew J. Brenner, M.D., Ph.D., Associate Professor of Medicine, Neurology, and Neurosurgery at The University of Texas, and principal investigator, and will be viewable to meeting attendees beginning at the start of the conference on Thursday, August 19 at 11:00 am EDT. The accepted abstracts are currently available in the Neuro-Oncology Advances Journal. Details of both are as follows: LMD-13: "ReSPECT-LM: Maximum tolerated dose, safety, and efficacy of intraventricular Rhenium-186 Nanoliposome for leptomeningeal metastases": Data from the ongoing U.S. multi-center ReSPECT-GBM Phase 1 dose-finding clinical trial in adults with recurrent glioblastoma demonstrate that the mean absorbed dose of 186RNL to the tumor when coverage was 75% or greater was 392 Gy. Thus far, the therapy has been well tolerated with one possible treatment-related serious adverse event, cerebral edema, that resolved after steroid treatment. In addition, this abstract details a proposed two-part clinical trial for patients with leptomeningeal metastases. Part 1 will enroll up to 21 subjects to characterize the safety and tolerability of a single dose of 186RNL administered intraventricularly via an Ommaya reservoir and identify a maximum tolerated dose/ maximum feasible dose for future studies, and Part 2 will independently evaluate 186RNL in two different cohorts. Cohort A will enroll up to 20 subjects with a diagnosis of LM from primary breast cancer. Cohort B will enroll up to 20 subjects with a diagnosis of LM from primary non-small cell lung cancer. The primary endpoint is to estimate the anti-tumor activity of 186RNL as a single agent. LMD-14: "Preclinical safety and activity of intraventricular Rhenium-186 Nanoliposome for leptomeningeal metastases": As part of this preclinical safety and activity study, researchers concluded that the intraventricular delivery of 186RNL is well tolerated and improves animal survival at two weeks in a rat model of LM.
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PUBM | Hot Stocks10:14 EDT PubMatic shares climb after Q2 earnings beat consensus estimates - Shares of PubMatic (PUBM) are in focus on Wednesday after the company reported quarterly earnings after the market close on Tuesday. EARNINGS: For its second fiscal quarter, PubMatic, a sell-side platform for digital advertising, said its GAAP earnings per share was 18c per share, beating analysts' consensus estimates of 8c. Revenue for the quarter was $49.7%, also exceeding the $45.05M consensus. Net dollar-based retention was 150% for the trailing twelve months ended June 30, an increase from 107% in the comparable trailing 12 month period a year ago, and adjusted EBITDA was $18.6M compared to $4.9M in the same period a year ago. "We delivered another great quarter, benefiting from a differentiated business model, multiple organic growth drivers, prior period investments, and accelerated digital ad spend," said Rajeev Goel, co-founder and CEO at PubMatic. The company also noted that it processed 20.2T impressions in Q2, a 96% increase over a year ago. OUTLOOK: For the third quarter, PubMatic expects revenue of $51M-$53M, or 35%-39% growth over 3Q20, against analysts' expectations of $46.58M. The company sees adjusted EBITDA of $15M-$16M, representing a 30% margin. For FY21, PubMatic now expects revenue to be $205M-$209M, up from its prior outlook of $195M-$200M, and better than the $197.87M analysts currently expect. Adjusted EBITDA is forecast to be $65M-$68M, above the prior outlook of $54M-$58M, and PubMatic sees achieving an adjusted EBITDA margin of approximately 30%-32%. PubMatic expects FY22 revenue growth of 25% year-over-year, and sees an adjusted EBITDA margin of about 30%. RAYMOND JAMES UPGRADE: Raymond James analyst Aaron Kessler upgraded PubMatic to Outperform from Market Perform with a $43 price target. PubMatic reported strong Q2 results, with revenue and EBITDA above expectations, driven by mobile and video strength, and guidance was also strong for the remainder of 2021, Kessler tells investors in a research note. The analyst sees PubMatic benefiting from the continued ad market strength and consolidating share in the open-web SSP market. PRICE TARGET LOWERED: KeyBanc analyst Justin Patterson lowered the firm's price target on PubMatic to $50 from $55 to better align valuation multiples with peers, while keeping an Overweight rating on the shares. The analyst notes that PubMatic's traction with supply path optimization, mobile, and video is driving faster growth into 2022 and a new annual growth profile. He suspects this outlook may receive some skepticism as few companies have issued 2022 guidance. However, with about 65% of PubMatic's revenue coming from high growth areas and SPO deals providing visibility, Patterson believes the outlook is achievable. RBC Capital analyst Matthew Swanson raised the firm's price target on PubMatic to $47 from $43 and keeps an Outperform rating on the shares. The company reported a "strong" first half half for 2021 with outperformance in its top line flowing through to profitability, the analyst tells investors in a research note, adding that he remains impressed with company specific-tailwinds in SPO driving impression growth of 96%. PRICE TARGET LOWERED: Oppenheimer analyst Brian Schwartz lowered the firm's price target on PubMatic to $45 from $50 on decline in peer valuations, while keeping an Outperform rating on the shares. The analyst notes that PubMatic reported "impressive" Q2, raised fiscal year 2021 guidance and provided fiscal year 2022 guidance above Street. PRICE ACTION: In morning trading, shares of PubMatic are up 0.6% to $34.38.
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WEN | Hot Stocks10:03 EDT Wendy's, REEF announce commitment for 700 delivery kitchens by 2025 - Wendy's and REEF, which is identified as "the largest operator of mobility, logistics hubs and kitchens," announced a new development commitment to open and operate 700 delivery kitchens over the next five years across the U.S., Canada and the United Kingdom. "The commitment builds upon the successful test of eight delivery kitchens in Canada beginning in late 2020. Through this commitment, REEF will become the first Wendy's franchisee in the United Kingdom," the companies stated. Wendy's and REEF expect to open approximately 50 delivery kitchens in 2021, with the remainder launched by 2025. Abigail Pringle, Wendy's President, International and Chief Development Officer, said: "The demand for convenient delivery solutions means we must look for opportunities beyond our traditional restaurant formats, especially in dense urban areas. This partnership with REEF is testimony to our ambitions, the potential we see to grow our beloved brand and our quest to reach more customers in more ways."
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GOOS | Hot Stocks10:00 EDT Canada Goose falls -12.9% - Canada Goose is down -12.9%, or -$5.75 to $38.69.
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FREY | Hot Stocks10:00 EDT Freyr Battery falls -28.2% - Freyr Battery is down -28.2%, or -$3.73 to $9.50.
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ONTF | Hot Stocks10:00 EDT On24 falls -29.0% - On24 is down -29.0%, or -$9.36 to $22.95.
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TUFN | Hot Stocks10:00 EDT Tufin rises 7.6% - Tufin is up 7.6%, or 75c to $10.65.
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FUBO | Hot Stocks10:00 EDT FuboTV rises 14.2% - FuboTV is up 14.2%, or $4.06 to $32.70.
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DOCS | Hot Stocks10:00 EDT Doximity rises 16.2% - Doximity is up 16.2%, or $8.57 to $61.50.
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U | Hot Stocks09:50 EDT Unity Software to acquire Parsec for $320M in cash - Last night, Unity anounced it has entered into a definitive agreement to acquire Parsec, "which allows gaming and creative professionals to work together from anywhere." Under the terms of the agreement, Unity will acquire Parsec for approximately $320M in cash. The proposed acquisition is expected to close during Unity's third quarter and is subject to customary closing conditions. "This transaction is an important step toward Parsec's and Unity's expanded cloud vision: that creators should expect to be able to work from any location, on any device through rich and powerful tools and seamless cloud infrastructure to deliver the real-time 3D experiences of the future... The work of game development and creative professionals is high fidelity, interactive and immersive, and only getting more complex as creators shift to RT3D. With companies and their employees transitioning to hybrid working and collaboration models, Parsec allows creators to be untethered from the office by meeting the unique requirements to support this level of performance processing no matter the location, device or platform. This means delivering low latency, ultra-high definition desktop streaming while providing rich detail with the same sampling rate for all images, such as 4:4:4 color space. Additionally, Parsec offers the privacy, security, quality of life and management tools needed for companies to support fleets of computing resources for all of their creators," the company stated. Reference Link
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PRGO | Hot Stocks09:47 EDT Perrigo falls -12.6% - Perrigo is down -12.6%, or -$6.20 to $42.97.
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FREY | Hot Stocks09:47 EDT Freyr Battery falls -26.3% - Freyr Battery is down -26.3%, or -$3.48 to $9.76.
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ONTF | Hot Stocks09:47 EDT On24 falls -29.2% - On24 is down -29.2%, or -$9.42 to $22.89.
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JOBY | Hot Stocks09:47 EDT Joby Aviation rises 7.7% - Joby Aviation is up 7.7%, or 77c to $10.80.
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DOCS | Hot Stocks09:47 EDT Doximity rises 14.9% - Doximity is up 14.9%, or $7.87 to $60.80.
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FUBO | Hot Stocks09:47 EDT FuboTV rises 15.2% - FuboTV is up 15.2%, or $4.35 to $32.99.
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IDT TEF | Hot Stocks09:46 EDT IDT Carrier Services enters SMS carrier agreement with Telefonica - IDT Corporation's (IDT) Carrier Services division announced a SMS carrier agreement with Telefonica Global Solutions (TEF). The agreement enables IDT to transmit SMS messages sent by its BOSS Revolution businesses in the U.S. and by its wholesale and enterprise partners globally directly to Telefonica mobile subscribers worldwide.
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AZN FGEN | Hot Stocks09:41 EDT AstraZeneca says working with partner FibroGen, FDA on next steps for roxadustat - The U.S. Food and Drug Administration has issued a complete response letter regarding the New Drug Application for roxadustat for the treatment of anaemia of chronic kidney disease in both non-dialysis dependent, or NDD, and dialysis-dependent, or DD, adult patients, confirmed AstraZeneca (AZN). "The CRL requested an additional clinical trial on the safety of roxadustat in both the NDD and DD patient populations. AstraZeneca is working with its partner FibroGen (FGEN) and the FDA to evaluate next steps. The safety and efficacy of roxadustat, an oral hypoxia-inducible factor prolyl hydroxylase (HIF-PH) inhibitor, have been demonstrated in the Phase III programme including more than 8,000 patients and published in five peer-reviewed journal articles. Roxadustat is approved in a number of countries, including China and Japan, for the treatment of anaemia in CKD in NDD and DD adult patients. It is under regulatory review in other jurisdictions, including in the European Union, where it has recently received a positive CHMP opinion," the company stated.
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AMZN | Hot Stocks09:37 EDT Amazon announces new robotics fulfillment center, delivery stations in Florida - Amazon.com announced an expanded investment in Florida with six new buildings to support operations closer to customers. The new robotics fulfillment center and five new delivery stations are expected to create more than 2,000 full-time jobs in the Sunshine State. The new 630,000 square-foot fulfillment center, which is anticipated to launch in Tallahassee, Florida in late 2022, will create more than 1,000 new, full-time jobs with benefits and opportunities to engage with advanced robotics. Employees at the fulfillment center will pick, pack and ship small items, such as books, electronics and toys, to customers. The five new delivery stations will power the last mile of Amazon's order process and help increase efficiency of deliveries for customers. Delivery stations also offer entrepreneurs the opportunity to build their own business delivering Amazon packages. In addition, independent contractors gain the flexibility to be their own boss and create their own schedule delivering for Amazon Flex.
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VZ | Hot Stocks09:18 EDT Verizon Business advances BlueJeans Telehealth - Verizon Business announced that BlueJeans Telehealth, a purpose-built, HIPAA-ready virtual care solution to help drive better patient interactions, now includes features and integrations to enhance virtual encounters with a more rounded view of the patient's health. The new Televisit Tile and integration with the Apple Health app allow patients to share specific categories of health data like heart rate, sleep, falls, and more with their provider during telehealth appointments for more informed conversations, while providing patients with control over which data they choose to share. BlueJeans Telehealth now features a new Televisit Tile that compiles and displays encounter-specific information collected during the visit. The Tile displays patient-entered symptom data and will support information and document sharing to ensure communication exchange with healthcare providers. BlueJeans Telehealth works across mobile and desktop devices and includes single-touch, download-free access to mitigate potential technology challenges. "The future of virtual healthcare is dependent on connectivity and the ability to drive real-time insights and deliver care through connected health," said Krish Ramakrishnan, Chief Innovator and Strategist, BlueJeans by Verizon. "By empowering patients to share this level of contextual information directly into the BlueJeans Telehealth visit, we are enabling patients and healthcare providers to have more meaningful conversations and successful virtual consultations that can lead to better patient outcomes."
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DGX | Hot Stocks09:15 EDT Quest Diagnostics, eMed collaborate to offer COVID-19 rapid anitgen testing - eMed and Quest Diagnostics are collaborating to bring clinician-guided rapid antigen testing for COVID-19 to employers seeking to foster safer environments by decreasing the risk of COVID-19 exposure in their workplaces. Through the collaboration, the two companies will leverage the BinaxNOW COVID-19 Ag Card Home Test, a self-administered, nasal swab antigen test that provides results in 15 minutes. An eMed Certified Guide supervises the testing process virtually, confirming employee identity, overseeing proper sample collection, and authenticating results during a telehealth visit. This solution uniquely offers employers the ability to efficiently screen for COVID-19 using rapid antigen testing and confirmatory molecular testing when necessary. Employees on international travel may use the BinaxNOW COVID-19 Ag Card Home Test during their trip to meet the CDC testing requirements for reentry into the U.S. "Employers are eager to keep their workplaces as safe as possible for their employees and their customers. While testing is one way to do this, many employees are unsure how to implement a testing program that will be effective and easy to execute," said Jay Wohlgemuth, M.D., Senior Vice President and Chief Medical Officer, and head of Quest's Employer Population Health business. "Our collaboration with eMed allows employers to offer guided rapid antigen testing with access to gold-standard molecular testing to confirm positive results, providing an unmatched level of ease and quality, ensuring the likelihood of uptake by employees."
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HIPO ALLY | Hot Stocks09:13 EDT Hippo announces new issuing carrier relationship with Ally Financial - Hippo (HIPO) announced a new issuing carrier relationship with Ally Financial Inc. (ALLY) subsidiary, Motors Insurance Corp., which is a 50 state carrier. The deal will strengthen and double Hippo Insurance Services' insurance underwriting capacity, becoming Hippo's largest managing general agent unaffiliated program to date. "By working with Ally, we are bringing significant growth and diversification to our business, offering Hippo's protective insurance products to more homeowners across the country," said Rick McCathron, president at Hippo. "Our innovative and proactive approach aligns perfectly with Ally's customer-centric mission to serve the needs of the customer and help protect people's financial future, which includes their most valuable financial asset: the home. We're thrilled to be working with such a prestigious financial institution and are excited to have their support as we build the home insurance company of the future." The agreement with Ally expands Hippo's book of business across multiple partners and substantiates the MGA portion of Hippo's business separate from its carrier business through Spinnaker, maintaining a capital light model with sophisticated underwriting guidelines and pricing models. The new relationship will initially launch in 10 states and then roll out nationally.
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IPOOF | Hot Stocks09:11 EDT InPlay Oil sees 2021 annual average production 5,500-5,750 boe/d - InPlay's strong results in the first half of 2021 and continuing in the second half of 2021 from the Pembina drills have allowed the Company to increase its 2021 annual average production guidance to between 5,500 and 5,750 boe/d from our previous guidance of 5,100 to 5,400 boe/d. The drilling program for the remainder of the year has not changed from drilling 5.0 net operated horizontal wells. A major scope change has occurred where instead of drilling three 1.0 mile wells in Willesden Green and two 1.5 mile wells in Pembina, the Company is now planning to drill five 1.5 mile wells in Pembina given the strong results and short payouts of the recent Pembina wells. Also, these locations are expected to provide the highest reserve additions in all categories with management expectations that reserves will significantly exceed current reserve bookings as well as adding new locations in 2021. The Company will participate in an additional two non-operated wells due to increasing partner activity in the second half of 2021. Total capital expenditures for 2021 is anticipated to be $29 million resulting in forecast AFF increased to an annual record $44.5 - $47.5 million and forecast Free Adjusted Funds Flow increased to $15.5 - $18.5 million, which will be used to pay down debt. Based on a current market capitalization of $76 million, 2021 forecasted FAFF equates to a 20% - 24% FAFF yield for equity investors. Quarterly AFF in each of the third and fourth quarter of 2021 is expected to exceed AFF generated during the first half of 2021. InPlay is expected to have lower debt exiting 2021 than that previously forecasted, close to our pre-pandemic 2019 debt levels. InPlay's fourth quarter 2021 annualized net debt to earnings before interest, taxes and depletion ratio is now forecast to be 0.7 to 0.9 times, the lowest in our history. InPlay's decision to redirect capital to longer, more capital efficient Pembina Cardium wells will allow the Company to capitalize on these top-tier locations in the strong current pricing environment, where the wells are expected to pay-out quickly in an estimated three to six months, assuming West Texas Intermediate oil prices of US$60 to US$70. The Company has approximately 26 additional drilling locations on our new Pembina Cardium asset.
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AMZN | Hot Stocks09:11 EDT Amazon invests $1.5B in Air Hub at Cincinnati/Northern Kentucky airport - Amazon announced the beginning of Amazon Air Hub operations at the Cincinnati/Northern Kentucky International Airport, or CVG. After more than four years of planning and construction, the Amazon Air Hub will serve as the central hub for Amazon Air's U.S. cargo network, facilitating the rapid transport of customer packages across the country. This $1.5B investment in Northern Kentucky will eventually create thousands of jobs for people from various backgrounds, including load planning, management of package sortation, and robotics technology. All regular, full-time employees will have access to Amazon's wages of up to $19.50 per hour; benefits including medical, vision and dental; and a 401(k) beginning on day one. The 800,000-square-foot sortation building sits on an over 600-acre campus that features seven buildings, an expansive new ramp for aircraft parking, and a multi-story vehicle parking structure. The sortation facility is equipped with the innovative use of robotics technology that helps move and sort packages-including robotic arms and mobile drive units that transport packages across the building-miles of interlinked conveyors, and ergonomic workstations that support a comfortable work environment for employees. The building will also feature a solar rooftop scheduled for installation over the next year, and all energy generated from the panels will feed directly into the electrical grid of the local community.
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GSHD | Hot Stocks09:10 EDT Goosehead Insurance launches digital agent platform - Goosehead Insurance announced the launch of its Digital Agent Platform, a direct-to-consumer insurance quoting platform. Through artificial intelligence and deep, integrated technology, the Digital Agent Platform provides a best-in-class way for consumers to shop for and buy personal insurance - accounting for both the right coverage and the right price. "Our Digital Agent Platform is completely unique in the market. Prior to the release of our new tool, the online insurance shopping experience was broken - it was impossible to find an online insurance shopping tool that leveraged the accumulated experience of professional agents and provided a choice product offering without sacrificing clients' data privacy and taking a lot of time. We strongly encourage people to try the competitive platforms and then try ours. They will be amazed," said Mark Jones, Chairman and CEO of Goosehead Insurance. "Our Digital Agent Platform will transform not only what consumers can expect out of their insurance shopping experience - providing ease, transparency, control and accuracy - but also ensure our clients have the right coverage at the right price to better protect themselves. And, in stark contrast to other platforms, we never sell their information." The Digital Agent Platform, which is now available across the U.S., is powered by data integrations that automatically populate information about consumers' homes and vehicles in the quoting process. The tool combines millions of data points from a long history of Goosehead expert agents' quoting decisions and accumulated experiences over the past two decades. This form of agent-driven machine learning includes hyper localized data. Lastly, Goosehead's deep carrier integrations allow the company to run accurate, real-time quotes - providing a better range of product than other tools on the market.
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MNTV | Hot Stocks09:09 EDT Momentive expands market research panel to reach B2B, healthcare audiences - Momentive announced an expansion of the company's market research targeting capabilities to meet the growing demand from business-to-business customers. Market research firms Dynata and Schlesinger Group will expand the Momentive panel-which previously offered instant access to over 144M respondents worldwide-by several million more in B2B research, enabling Momentive customers to use more granular targeting criteria for B2B audiences. This expanded capability is available now for Momentive customers. "We know from working with our clients that true insights come from real people, vetted and verified, that fit the purpose of a research project," said Michael Sanfelippo, senior vice president of customer experience at Dynata. "Dynata's rich B2B and healthcare panels are built to deliver the precise audiences needed for meaningful, impactful insights. Those panelists - from C-level to operational and clinical leaders - are qualified using proprietary automated and manual processes to ensure they are real, qualified and responsive, and will deliver a depth and breadth that will help Momentive's clients uncover the insights they need to power optimal decision-making."
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HOTH | Hot Stocks09:08 EDT Hoth Therapeutics announces published results for its mast cell cancer therapy - Hoth Therapeutics highlighted recent findings from North Carolina State University, that its new treatment for mast cell cancers, known as HT-KIT, reduces the number of mast cells by "mutating" the messenger RNA before it can deliver instructions for manufacturing the gene responsible for cell proliferation. The researchers used their frameshifted c-KIT mRNA approach on mast cell leukemia cells in vitro and found that KIT protein expression, signaling and function were reduced. The cancer cells stopped proliferating and began dying within hours. In a mouse model, tumor growth and infiltration of other organs were reduced, and tumor cell death increased when the frameshifted c-KIT mRNA was induced. The technology described in the paper has been exclusively licensed by Hoth Therapeutics and being developed as HT-KIT.
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CMTL | Hot Stocks09:07 EDT Comtech gets $1M contract from U.S.based tier one network operator - Comtech announced that during its fourth quarter of fiscal 2021, it was awarded a contract for approximately $1.0 million for operations support features and enhancements supporting 5G applications with a major tier-one mobile network operator in the United States. "Comtech is dedicated to supporting 5G technologies for our customers worldwide," said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. "Our long-term relationship with this customer demonstrates their trust in us to support them through the next steps in this technology."
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ECOM | Hot Stocks09:06 EDT ChannelAdvisor reschedules virtual Analyst Day - ChannelAdvisor will host an Analyst Day meeting on Friday, September 17, 2021 starting at 9:00 a.m. ET. The virtual event will feature presentations on ChannelAdvisor's strategy, innovation plans and financials followed by a live Q&A session with ChannelAdvisor executives.
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SRNE DYAI | Hot Stocks09:06 EDT Sorrento, Dyadic enter binding term sheet for DYAI-100, C1 technology - Sorrento Therapeutics (SRNE) and Dyadic International, Inc. (DYAI) announced the signing of a binding term sheet to enter into an exclusive license agreement to develop and commercialize vaccines, therapeutics, and diagnostics for coronaviruses, including Dyadic's lead COVID-19 vaccine candidate, DYAI-100, produced using Dyadic's proprietary and patented C1-cell protein production platform. The final terms of the license will be set forth in a definitive agreement to be entered into between the parties. Consideration includes a $10 million upfront payment, reimbursement of certain DYAI-100 R&D expenses, with potential for multiple future development milestones and royalty payments.
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STON | Hot Stocks09:05 EDT StoneMor Partners announces partnership with Empathy - StoneMor announced a partnership with Empathy. StoneMor will now offer Empathy's application to its customers, extending its commitment to supporting families in their time of need by including practical guidance, automated tools, and grief support. StoneMor provides families with care for planning and managing end-of-life services through products and services across a national portfolio of cemeteries and funeral homes; now, by partnering with Empathy, StoneMor is extending that care to assist in the management of the many logistical burdens that families face following the funeral service. Empathy's app walks families through the immediate and long-term tasks associated with the loss of a loved one, employing sophisticated software to personalize guidance, simplify complex procedures, automate processes, and ease unnecessary friction for families at their most vulnerable time. Empathy also offers human support via live chat in order to provide users both emotional and practical assistance, creating a hybrid experience to help families navigate arrangements and grief.
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FAMI | Hot Stocks09:05 EDT Farmmi wins multi-product order from U.S. - Farmmi's subsidiary Zhejiang Forest Food won a multi-product order from a long-term customer for its dried whole and sliced mushrooms, and dried black fungus. The customer will export Farmmi's products to the United States.
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NOW | Hot Stocks09:04 EDT ServiceNow to acquire indoor-mapping and wayfinding company Mapwize, no terms - ServiceNow announced it has signed an agreement to acquire Mapwize, an indoor-mapping and wayfinding company based in Lille, France. With Mapwize, ServiceNow will provide indoor mapping capabilities for employees as they reserve seats, conference rooms, workspaces and workplace resources, as well as navigate offices, from their desktop or mobile devices. Mapwize capabilities will also help workplace teams manage and update floor maps based on usage trends and evolving real-estate needs. Mapwize's mapping solutions, product features and technical talent will complement and enhance ServiceNow's existing Workplace Service Delivery capabilities, including Workplace Space Mapping, Workplace Reservation Management, Workplace Space Management, Workplace Visitor Management, Case and Knowledge Management and the Safe Workplace Suite. Mapwize was founded in 2014 by CEO Mederic Morel and CTO Mathieu Gerard and is based in Lille, France. ServiceNow expects to complete the acquisition of Mapwize in Q3. Financial terms of the deal were not disclosed.
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RSI | Hot Stocks09:04 EDT Rush Street Interactive invests in, enters partnership with Boom Entertainment - Rush Street Interactive announced that it has made a minority investment in Boom Entertainment, a game developer and technology provider that has created and operated sports gaming apps in the United States on behalf of numerous brands. In addition to the investment, RSI and Boom have entered into a commercial agreement. As part of that agreement, Boom will integrate its remote gaming server and license online casino and sports betting games for RSI to make available to its real money and social casino players via RSI's proprietary online gaming platform. Boom will also develop certain custom games for which RSI will have exclusivity rights on for at least one year, ensuring RSI will be able to offer its players unique and differentiated games to play. Additionally, through Boom's relationship with certain land-based casinos in Louisiana, Mississippi, and New Mexico, RSI will receive market access opportunities to operate online casino and sports betting in those new states, subject to license availability, state law and regulatory approvals. In Louisiana, RSI expects to launch mobile sports betting operations during the upcoming football season following the legalization of sports betting in the state in June.
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SHIP | Hot Stocks09:03 EDT Seanergy Marine announces share repurchase program - Seanergy Maritime announced that its Board of Directors has authorized a share repurchase plan. Under the Plan, the Company may repurchase up to $17M of its outstanding common shares, representing approximately 10% of the Company's market capitalization as of August 10, 2021. Stamatis Tsantanis, the Company's Chairman & Chief Executive Officer, stated: "We believe that the share price and the market value of Seanergy are currently significantly undervalued both in terms of the underlying asset or equity value of the Company, and also in terms of our solid ability to generate earnings in the current market environment. Considering this, we feel that a share buyback is the correct and well-timed capital allocation decision. By using our strong balance sheet and our fleet's robust cash-flow generating capacity to reduce the number of outstanding common shares, we can increase stockholder value, while maintaining sufficient liquidity reserves to take advantage of attractive market opportunities."
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JLL | Hot Stocks09:03 EDT Jones Lang LaSalle acquieres proptech company Skyline AI - JLL has reached an agreement to acquire Skyline AI, an artificial intelligence technology company using proprietary machine learning models in the origination and analysis of real estate opportunities. The transaction is expected to close shortly, following completion of customary closing conditions. Skyline AI was founded in 2017 by serial technology entrepreneurs Guy Zipori, Amir Leitersdorf, Iri Amirav and Or Hiltch. JLL global venture fund JLL Spark has been an investor in Skyline AI since 2018.
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ALGT | Hot Stocks09:03 EDT Allegiant Travel reports July total system passengers up 107.2% y/y - Reports July total system capacity up 29.2% y/y; Departures up 29.1% y.y.
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WLTW | Hot Stocks09:02 EDT Willis Towers Watson selects Kristy Banas as new Chief Human Resources Officer - Willis Towers Watson announced that it has selected Kristy Banas as the company's new chief human resources officer. Banas currently serves as Willis Towers Watson's global talent advisor for Human Capital and Benefits and recently was the Global Sponsor of human resources (HR) integration planning. She will assume the CHRO role on August 16, 2021 and succeed Anne Bodnar who remains the company's chief administrative officer. Banas's career with Willis Towers Watson began in 2011. Most recently, she led global HR teams responsible for workforce planning and talent engagement, as well as for colleague development, retention, coaching and advising.
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VINP | Hot Stocks08:59 EDT Vinci Partners closes investment in Transpotech - Vinci Partners Investments announced that "Vinci Impacto e Retorno IV", or "VIR IV", the Impact family of funds managed by Vinci Partners' Private Equity strategy, closed an acquisition equivalent to a 40.9% stake in Transpotech, a Brazilian company operating in the B2B services sector. VIR IV has a unique strategy in Brazil, with a dual mandate to generate favorable market returns as well as impact, through the acquisition of minority holdings in small-and-medium sized Brazilian enterprises, that exhibit growth potential and clear measurable environmental, social and governance, or ESG, goals. This transaction marks VIR IV's third investment, resulting in 20.4% gross allocation of the Fund's R$1 billion in total capital commitments. Transpotech focuses on renting, selling, and performing maintenance of mostly electric forklifts, which represent over 70% of Transpotech's fleet. Founded in 2001 in Blumenau, SC, the Company has seven operating units within four states in the southern and southeast regions of Brazil, having over five thousand active clients. From VIR IV's investment contribution, we expect to enhance the environmental impact the Company directly generates by becoming a reference in fleet electrification, promoting the use of environmentally sustainable technologies, and providing energy efficient technologies to clients.
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IMMR | Hot Stocks08:58 EDT Immersion expands license deal with Stanley Electric for automotive products - Immersion announced that it has expanded its license with Stanley Electric for the use of haptics in the automotive market. "Stanley is a leading global supplier of lighting products and electronic components, including automotive electronics products and control panels for printers. "Many new car models are adopting haptics across various interfaces throughout the cabin. This new wave of adoption is enabled by technology advancements that deliver high-fidelity and high-definition experiences," said Nobumitsu Shimada, Sr. Director, APAC, Immersion. "We are pleased that Stanley has expanded licensing of our patented technology," noted the company in a statement.
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BKBEF | Hot Stocks08:56 EDT Pipestone Energy on track to deliver 2021 production guidance 24K-26K boe/d - The Company now expects to drill 26 and complete 24 new wells this year, with total capital spending of $170 - $175 million. An estimated 15 new wells will be brought on production during H2 2021. Pipestone Energy's production guidance range for 2021 remains unchanged at 24,000 - 26,000 boe/d as the additional completions will be performed late in 2021.
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OSIIF | Hot Stocks08:53 EDT Osino Resources reports drill results from Twin Hills Gold Project - Osino Resources announces further results from the infill and expansion drill campaign at the Twin Hills project, Namibia. There are currently 7 diamond and 3 RC rigs on site to complete the infill and expansion drill campaign by November 2021. A total 70,000m of in-fill and expansion drilling has been completed to date on the three zones of mineralization at Bulge, Twin Hills Central and Clouds East - which together make up the Twin Hills gold resource. The drilling is focused on converting the bulk of the resource to the Measured and Indicated categories as well as expanding the mineralization down dip. As expected, the infill drilling has filled in several gaps in the previous grade shell and will add greater confidence to the next iteration of the Twin Hills mineral resource. The campaign of expansion drilling has taken the mineralization at Clouds East from 150m to over 200m below surface and the deep drilling at Bulge indicates that the deposit is open below 400m. The recent drilling at Clouds East confirms that the grade and width of mineralization improves with depth and indicates the potential to increase the size of the resource at this orebody. Hole OKD148 returned an intercept of 50m @ 1.82g/t Au at approximately 200m below surface while OKD211 returned 41m @ 1.27g/t Au at 100m below surface. Higher up-dip, this same mineralized zone is much narrower and only returned an intercept of 16m @ 1.31g/t Au clearly illustrating the increasing size of the ore shoot with depth. Several additional holes are currently being drilled along strike to define this high-grade zone at depth. A hole at the northeastern corner of Clouds East appears to have just clipped the top of the high-grade shoot and returned 5m @ 7.86g/t Au, indicating that the high grade extends in this direction as well. The section through Clouds East in Figure 1 above indicates the parameters used in Osino's Technical Report describing the Twin Hills Gold Project, Namibia, dated effective April 1, which describes the Twin Hills Mineral Resource Estimate. The greywacke syncline constraining the mineralization model is represented in dark blue and the grade shell which contains 0.4g/t Au and higher, is shown in orange Since publishing the MRE, the infill drilling has identified extensive additional mineralization at Clouds East that is likely to increase the size and grade of the mineralization within the grade shell, to be included in the next resource update. The current MRE pit shell and the PEA pit design with benches are indicated on the section. The width and grade of the deeper mineralization discovered during the current phase of infill and step out drilling is likely to increase the depth of the pit bottom. The infill drilling at Twin Hills Central is nearing completion with the dense drill spacing resolving the mineralized deposit into a series of high grade, northeast plunging shoots, surrounded by lower grade material. The Twin Hills Central drilling, together with the additional infill and step-out drill assays received. Of particular note is the shallow nature of the mineralization particularly at THC where some of the higher-grade shoots come close to surface below the calcrete cover, which is only about 5m thick at OKR307 as opposed to the average calcrete thickness of 20m over most of the remainder of the deposit.
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RNGTF | Hot Stocks08:51 EDT Osisko Development announces drilling results from Cariboo project - Osisko Development is pleased to announce drilling results from the 200,000-meter 2021 exploration and category conversion drill program campaign at its Cariboo Gold Project in central British Columbia. A total of eight diamond drill rigs are currently active on the Project. Highlights: A total of 106,000 meters have been drilled thus far in 2021. Recent assay results include holes IM-21-069 to IM-21-086. Drilling highlights include 23.98 g/t Au over 7.35 meters in hole IM-21-081 at Shaft Zone including 333.0 g/t Au over 0.50 meter, at a vertical depth of 470 meters and 30 meters down dip from a modelled vein corridor. Drillhole IM-21-078, located at Mosquito Creek, hosts multiple mineralized vein corridors that assayed 10.57 g/t Au over 5.30 meters and 1,965 g/t Au over 0.50 meter, 100 meters north of the current modelled deposit.Drillhole IM-21-083, located 50 meters down dip of hole IM-21-078 also intersected mineralized vein corridors including 6.16 g/t Au over 3.65 meters and 18.01 g/t Au over 1.80 meters showing continuity between the drillholes. Assay results: 70.95 g/t Au over 2.00 meters in hole IM-21-070 including 281.00 g/t Au over 0.50 meter; 81.70 g/t Au over 1.00 meter in hole IM-21-072; 59.40 g/t Au over 0.55 meter in hole IM-21-076; 10.57 g/t Au over 5.30 meters in hole IM-21-078 including; 45.70 g/t Au over 1.00 meter; 8.69 g/t Au over 7.60 meters in hole IM-21-078; 1,965.00 g/t Au over 0.50 meter in hole IM-21-078; 9.95 g/t Au over 3.95 meters in hole IM-21-081; 23.98 g/t Au over 7.35 meters in hole IM-21-081 including; 333.00 g/t Au over 0.50 meter; 18.01 g/t Au over 1.80 meters in hole IM-21-083; 15.26 g/t Au over 2.90 meters in hole IM-21-085; 21.39 g/t Au over 3.25 meters in hole IM-21-086 including; 67.50 g/t Au over 0.70 meter; 11.22 g/t Au over 5.80 meters in hole IM-21-086 including; 50.70 g/t Au over 1.05 meters.
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OMQS | Hot Stocks08:49 EDT Omniq AI systems to be deployed at the border check point between Israel, Jordan - OMNIQ announced it has received an order to deploy its AI-based machine vision solution at the border checkpoint between Israel and Jordan. OMNIQ's AI-based machine vision VRS solution uses patented Neural Network algorithms that imitate human brains for pattern recognition enabling quick decision-making. "This order to deploy our AI technology in a sensitive spot between Israel and Jordan is an additional vote of confidence from one of the most demanding authorities in the world. This passage, which opened after signing the peace agreement between Israel and Jordan in 1994, is the main passage point between Israel and Jordan. The momentum in the market acceptance for our AI based solution continues with our recent winnings for Homeland Security, Parking and Smart Campus management projects," said Shai Lustgarten, CEO of OMNIQ. "This reassurance of the quality and innovation of our solution follows a recent stream of awards to deploy our AI solutions at the Cypress College in California, the Georgia State University, in the City of Watkinsville, Georgia, in the Philadelphia International Airport and in a Multibillion dollar Medical Center. Our recent acquisition of Dangot Computers adds capabilities to the omniQ offering. Such that expands our solutions further and serves our existing and new customers better. Dangot Computers is a pioneer in bringing automation to Enterprise's operations, restaurants, hospitals, logistic centers and retailers. Recently, we announced the winning of a purchase order for self ordering kiosks for the largest Coffee Chain in Israel with a few branches in North America. Forbes magazine projects that the Self Ordering market can reach $30.8B by 20241."
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PRPH | Hot Stocks08:47 EDT ProPhase Labs acquires Nebula Genomics for $14.6M in stock, cash transaction - ProPhase Labs announces the acquisition of Nebula Genomics. The company's recently formed subsidiary, ProPhase Precision Medicine completed the acquisition for approximately $14.6M in a combination of ProPhase Labs common stock and cash. The company intends to integrate Nebula's whole genome sequencing services with the robust clinical diagnostic testing services already offered at ProPhase's CLIA-certified molecular testing laboratories. "We believe the future of medicine is in precision, personalized and tailored therapies that are based on each patient's individual genetic makeup," said Ted Karkus, ProPhase's Chief Executive Officer. "The acquisition of Nebula fits our plan to better enable individuals who seek a better understanding of their predisposition to genetic-based diseases and guidance in the diagnosis of existing, genetically influenced, conditions. A deeper understanding of a person's genetic makeup also enhances the ability to optimize lifestyle, therapeutic and medical care decisions by helping to select and optimize personalized courses of conduct and treatments. Nebula is on the cutting edge of DNA sequencing technology and, combined with our molecular laboratory capabilities, we believe that we will be able to make personal genome sequencing more accessible at a lower cost, while providing our customers with important and comprehensive genetic insights."
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CAE | Hot Stocks08:45 EDT CAE raises 2021 CapEx view to $250M from $100M
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WDDMF | Hot Stocks08:45 EDT Entourage Health expands Saturday Cannabis brand into Quebec - Entourage Health announced its adult-use brand Saturday Cannabis is now available for purchase in the Province of Quebec. Following the completion of its first shipment of Saturday's Lemon Z and Ultra Sour dried flower cultivars to the Societe quebecoise du cannabis, Entourage now has over 10 product listing in the province, which are being distributed locally via Quebec-based cultivator and local partner ROSE LifeScience. The Saturday line up joins the Company's Color Cannabis' portfolio of expansive products available in cultivars Pedro's Sweet Sativa, Ghost Train Haze, Mango Haze and Black Sugar Rose in both dried flower and pre-roll formats.
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DORM | Hot Stocks08:43 EDT Dorman Products announces 571 new products - Dorman Products is announcing the release of 571 new replacement auto parts, including 60 aftermarket-first solutions, giving repair professionals and vehicle owners greater freedom to fix a wide range of cars and trucks. This month's new solutions include upgraded, braided stainless steel, flexible fuel lines for more than 2M Chevrolet and GMC trucks. Corroded fuel lines can be tough to replace because they usually require routing rigid metal lines under the vehicle. These Dorman OE FIX lines are braided stainless steel over flexible PTFE tubing, made to specific length for extended cab GMC Sierra and Chevy Silverado pickups, with new brackets and factory connectors for a better installation experience. Their flexibility also makes them easier to stock on warehouse shelves, taking up a fraction of the normal fuel line footprint. Another replacement this month is a radiator shutter assembly, also known as an active grille shutter, for more than 1.5M Ford trucks. Dorman now has 40 replacements in this category, the need for which is expected to increase in coming years as more vehicles are released with this new technology to meet fuel efficiency standards.
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NOK | Hot Stocks08:42 EDT Nokia announces changes in company's own shares - A total of 159 712 Nokia shares (NOKIA) held by the company were today transferred without consideration to participants of Nokia's equity-based incentive plan in accordance with the rules of the plan. The transfer is based on the resolution of the Board of Directors to issue shares held by the company to settle its commitments to participants of the plan as announced on February 4, 2021. The number of own shares held by Nokia Corporation following the transfer is 34 299 184.
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DYAI SRNE | Hot Stocks08:41 EDT Dyadic, Sorrento announce binding term sheet to enter License Agreement - Dyadic International (DYAI) and Sorrento Therapeutics (SRNE) announced the signing of a binding term sheet to enter into a License Agreement to develop and commercialize vaccines, therapeutics, and diagnostics for coronaviruses, including Dyadic's lead COVID-19 vaccine candidate, DYAI-100, produced using Dyadic's proprietary and patented C1-cell protein production platform. The final terms of the license will be set forth in a definitive agreement to be entered into between the parties. Mark Emalfarb, Dyadic's President and Chief Executive Officer noted, "We are delighted to have executed a binding term-sheet with Sorrento Therapeutics to license the C1 technology for the development and commercialization of coronavirus vaccines, therapeutics, and diagnostics, including COVID-19. This marks a significant milestone in our corporate development efforts as we expect the license agreement we will enter into to enable us to monetize our internal COVID-19 development efforts with a partner that has the resources and expertise to advance vaccines, therapeutics, and diagnostics both clinically and commercially."
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QUISF | Hot Stocks08:41 EDT Quisitive Technology selected by Omnitracs as Microsoft service provider - Quisitive Technology Solutions announced it has been selected by Omnitracs as its dedicated strategic Microsoft service provider for its tenant-to-tenant migration in Microsoft Office 365. Omnitracs is an end-to-end fleet intelligence technology company that focuses on helping organizations improve fleet safety, boost driver experience, and increase business performance. The company pioneered digital transformation in trucking more than 30 years ago and today offers a one-stop shop for enterprise-grade, data-driven solutions across compliance, telematics, workflow, routing, and video safety. In 2020, Omnitracs acquired SmartDrive, a leader in video-based safety and transportation intelligence, and as a result, needed to migrate SmartDrive's mailboxes, instances, OneDrive accounts, and domains into their tenant. Quisitive was ultimately selected as the partner of choice to assist in the convergence of SmartDrive's data into Omnitracs' database. In a remote work environment, seamless communication and a successful migration were fundamental to the Omnitracs integration strategy.
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BTCS | Hot Stocks08:39 EDT BTCS adds Tezos staking to blockchain infrastructure operations - BTCS announced it has added Tezos to its blockchain infrastructure operations. Founded in 2014, XTZ is a decentralized blockchain designed for smart contracts and decentralized applications. XTZ has a $2.75 billion market cap making it the number 45th ranked cryptocurrency. It raised $232 million in 2017 in what was considered one of the largest offerings at the time. XTZ's governance mechanism allows users to vote through a Liquid Proof-of-Stake consensus mechanism called "baking". Users either become bakers or delegate XTZ, the native token of Tezos, to other bakers to earn newly-minted XTZ rewards from the protocol. To get started, BTCS has deployed its own XTZ baker nodes. There are over 400 bakers currently securing the network, and 135 projects building on XTZ, ranging from dApps to Decentralized Finance to Non-Fungible Tokens.
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NCMI | Hot Stocks08:39 EDT National CineMedia signs multiple long-term affiliate deals with exhibitors - National CineMedia or NCM has signed multiple extended cinema advertising affiliate agreements with 9 exhibitors. These long-term agreements will bring NCM's Noovie pre-show entertainment program to over 315 screens across 39 theaters. Movie-goers will continue to be able to experience the Noovie pre-show at these exhibitors including LA Live, Metropolitan Theatres, Golden Star, Movie Scoop and others. The Noovie pre-show gives movie-goers a reason to arrive at the theater early to discover what's next, with exclusive entertainment content, in-theater gaming with the Noovie Arcade and Noovie Trivia gaming apps, and engaging advertising. With these exhibitors, NCM represents 6 of the top 10 exhibitors in the U.S. and a majority of the top 25. Harkins Theatres was added to the list earlier this year, bringing the Noovie pre-show to over 500 additional screens across their 33 premier theater locations throughout Arizona, California, Colorado and Oklahoma...Many NCM exhibitors are also opening new theatres as the world emerges from the pandemic, with an additional 198 screens in 20 theatres expected to be live with the Noovie pre-show by the end of August, and more in the works. "NCM continues to be a valued partner of Metropolitan Theatres Corporation providing an array of services that benefit our company as well as our guests. Their pre-show, Noovie, creates an engaging and interactive experience for movie-goers with content that is current and entertaining. The Noovie pre-show is a staple on our screens," said David Corwin, President of Metropolitan Theatres Corporation.
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MANH | Hot Stocks08:38 EDT RaiaDorgasil selects Manhattan Active Transportation Management - Manhattan Associates announced that RaiaDrogasil has chosen Manhattan Active Transportation Management to consolidate and optimize its entire logistics operations. The first phase of the implementation will be complete in just 10 weeks at RaiaDrogasil's Sao Paulo, Brazil distribution center in Q4 of 2021.
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NAOV | Hot Stocks08:38 EDT NanoVibronix receives egistration approval for painshield from TGA Australia - NanoVibronix announced that the Therapeutic Goods Administration, or TGA, The Australian Regulatory body for Therapeutic Devices, has granted approval for the Company's PainShield for use by patients in Australia. This approval follows TGA's recent approval of the Company's UroShield. As previously announced, the Company signed a distribution agreement with DukeHill Healthcare to distribute both UroShield and PainShield technologies in Australia. Brian Murphy, Chief Executive Officer of the Company, commented, "This regulatory approval enables us to expand availability of PainShield to Australia and follows closely after TGA's approval of UroShield just last month. We are positioned to serve beneficiaries in this important market with a strong distribution partner in DukeHill HC, an industry leader with proven distribution capabilities in Australia."
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POAI | Hot Stocks08:37 EDT Predictive Oncology adjourns special meeting of stockholders - Predictive Oncology announced that the Company's Special Meeting of Stockholders, which was convened at 3:00 p.m. Central Time on August 10, 2021, has been adjourned for the purpose of soliciting more votes on the proposal to approve an amendment to the Company's certificate of incorporation to increase the number of authorized shares of Company common stock from 100,000,000 to 200,000,000. The Special Meeting has been scheduled to reconvene on August 17, 2021 at 3:00 p.m. Central time at the offices of Maslon LLP, 3300 Wells Fargo Center, 90 South Seventh Street, Minneapolis, MN 55402. The other proposals that were voted on at the Special Meeting were all approved by the requisite votes of the stockholders, including an amendment to the Amended and Restated 2012 Stock Incentive Plan to increase the reserve of shares of common stock authorized for issuance thereunder by 1,500,000, to 3,250,000; the issuance of additional shares of common stock of the Company pursuant to a previously approved equity line of credit arrangement; ratification of the appointment of Baker Tilly US, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2021; and a proposal to adjourn the Special Meeting, if necessary, to solicit additional proxies for approval of the Charter Proposal or any of the other proposals as applicable, in the event that there are not sufficient votes at the time of the Special Meeting to approve any such proposal. During the period of the adjournment, the Company will continue to solicit proxies from its stockholders with respect to the Charter Proposal. Proxies previously submitted in respect to the Special Meeting with respect to the Charter Proposal will be voted at the reconvened meeting unless properly revoked.
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CTRM | Hot Stocks08:36 EDT Castor Maritime announces deliveries of M/V Magic Pluto, M/V Magic Perseus - Castor Maritime announces the acquisition of two dry bulk carrier vessels. On August 6, 2021, it took delivery of the M/V Magic Pluto, the 2013 Japanese-built Panamax dry bulk carrier it had agreed to acquire as previously announced on May 17, 2021. On August 9, 2021, it took delivery of the M/V Magic Perseus, the 2013 Japanese-built Kamsarmax dry bulk carrier it had agreed to acquire as previously announced on May 4, 2021. Both acquisitions were financed in their entirety with cash on hand.
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SGBX | Hot Stocks08:35 EDT SG ECHO in collaborative effort with ATCO Structures &Logistics - SG Blocks announced that SG ECHO would be engaging in a collaborative effort with ATCO Structures & Logistics, a one-stop provider of integrated energy, housing, transportation and infrastructure solutions. ATCO has committed 20 units to be produced by SG ECHO as a part of a national roll out of modular fleet units throughout the U.S. With this, SG ECHO has the opportunity to continue providing ATCO with ongoing support through this initiative, which will require continued production over a number of years. Plans are to produce in volumes with larger, more scalable orders as needed. "We're pleased to have started the project and for a company whom we have great respect," Paul Galvin Chairman and CEO noted. "It's satisfying to provide modular structures to assist an organization who believes in the capability of modular construction just as much as we do." The initial units are to be delivered in Q3 of 2021. Company will continue to keep updated as the status progresses.
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BRTX | Hot Stocks08:35 EDT BioRestorative Therapies discusses upcoming annual meeting of stockholders - BioRestorative Therapies reminded its stockholders that its annual meeting of stockholders will be held on Tuesday, August 17, 2021 at 10 a.m. EDT. Lance Alstodt, President and Chief Executive Officer of the Company, stated "At the stockholders meeting, certain proposals, including the approval of our reincorporation from Delaware to Nevada or, in the alternative, the authorization of a reverse split of our common stock will be submitted for a vote of the stockholders. These matters are discussed in the proxy materials mailed or made available to BioRestorative stockholders by Broadridge Financial Solutions. We cannot complete the reincorporation or reverse split unless the holders of a majority of the outstanding shares of common stock entitled to vote approve the proposal."
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MOGO | Hot Stocks08:34 EDT Mogo raises Q4 subscription and service revenue growth view to 100%-110% - The company states: "We expect year over year growth of 100% to 110% in subscription and services revenue in Q4 2021, compared to previously communicated target of 80% to 100% growth. We expect total revenues of C$70M to C$75M in FY22. We expect improving adjusted EBITDA margin as a percentage of revenue beginning in FY22."
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XELA | Hot Stocks08:34 EDT Exela Technologies expands relationship with healthcare member engagement leader - Exela Technologies announced an expanded strategic partnership to utilize Exela's technology and operation solutions with a large healthcare member engagement leader. The expansion will provide technology and operation solutions in a contract with a total value of approximately $7.5 million. The company's solution utilizes PCH Global to improve consumer engagement, enhance preventative care and improve the health care user experience. Exela has been on the forefront of healthcare technology including advances in robotic process automation, engagement optimization and machine learning. The partnership connects members in many healthcare organizations, health insurers and US government programs.
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TLS | Hot Stocks08:33 EDT Telos announces launch of Xacta 360 1.7 - Telos announced the launch of Xacta 360 1.7, the latest version of its cyber risk management and compliance analytics platform. This version introduces Essential Data Exchange, an Xacta 360 capability that supports a variety of standards that automate the sharing of compliance data among organizations and applications for more efficient, less laborious compliance management, reporting and audit collaboration. "Telos is proud to be at the forefront of supporting data-driven compliance in our Xacta solutions through EDE," said Rick Tracy, CSO and Xacta product manager, Telos. "These data-sharing capabilities will allow our customers to collaborate on cyber risk and compliance management activities more efficiently and accelerate reciprocity when submitting security packages, performing assessments and audits, and transferring crucial body of evidence data in a tool-agnostic format." EDE currently supports three compliance data-sharing standards: NIST's Open Security Controls Assessment Language standard, which has been adopted by the FedRAMP cloud compliance program; BoE.xml, used by the Intelligence Community; and Xacta Data Exchange, used for audit collaboration.
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AMBO | Hot Stocks08:31 EDT Ambow Education enters strategic cooperation with MIITEC - Ambow Education has inked a strategic cooperation agreement with the Talent Exchange Center at the Ministry of Industry and Information Technology to strengthen international communication and exchanges in various information technology-related disciplines and other industrial fields such as domestic integrated circuit, intelligent manufacturing and industrial Internet. Pursuant to the Agreement, as the project operator and support unit, Ambow will help MIITEC provide international industrial talent services to various organizations, enterprises, universities and professionals in China.
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TROW | Hot Stocks08:31 EDT T. Rowe Price reports preliminary AUM $1.64T at July 31 - Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.3B in July and $15.1B for the year-to-date period ended July 31. These client transfers include $0.2B and $11B, respectively, transferred to the target-date retirement trusts during July and the year-to-date period.
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BMRA | Hot Stocks08:31 EDT Biomerica announce notice of allowance for patent on product to treat depression - Biomerica announced that the Japanese Patent Office has issued a notice of allowance for Biomerica's first patent pertaining to a revolutionary new treatment option for patients suffering from depression. Specifically, this allowed patent contains broad claims that enables physicians to identify patient specific foods, that when removed from the patient's diet, may alleviate or improve an individual's depression symptoms. Biomerica's InFoods technology utilizes a simple blood test to determine if a patient is suffering an elevated adverse immune response to one or more specific foods, that have been identified as potentially problematic for patients with depression. Once identified, eliminating the problematic food may result in an improvement in the patient's depression symptoms. "We are very close to the completion of the first InFoods diagnostic guided therapy study for IBS patients performed by leading medical institutions in the US. With the growing body of evidence that specific foods can cause inflammation in the body and lead to or intensify physical and mental illnesses, we believe the InFoods Technology platform has the ability to revolutionize how patients are diagnosed and treated. Our InFoods Technology has the potential to offer a dramatic reduction in suffering and improve people's ability to live happy productive lives," said Zack Irani, Chairman and Chief Executive Officer of Biomerica.
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JOBY RTP | Hot Stocks08:31 EDT Joby Aviation comes public after closing Reinvent Technology Partners deal - Joby Aviation, a California-based company developing all-electric aircraft for aerial ridesharing, announced last night that Joby Aero, Inc. completed its previously announced business combination with Reinvent Technology Partners (RTP), a special purpose acquisition company. Upon the completion of the transaction, RTP changed its name to "Joby Aviation, Inc." Joby's common stock and warrants will commence trading on the New York Stock Exchange on August 11, 2021, under the ticker symbols "JOBY" and "JOBY WS," respectively. The transaction values Joby at $4.5B enterprise value, with proceeds raised plus cash on the balance sheet as of March 31, 2021 equaling approximately $1.6B. The proceeds are expected to fund Joby through initial commercial operations. Reid Hoffman, LinkedIn Co-Founder and Co-Lead Director of RTP, said, "With its advanced technology, we believe Joby is 'Tesla meets Uber in the air' and the clear leader in the eVTOL and aerial ridesharing space. We believe Joby is well-positioned with capital to be the first company to certification and commercialization. Closing this business combination accelerates Joby's roadmap, and we look forward to supporting JoeBen and Joby's world-class team in executing on their vision." JoeBen Bevirt, founder and CEO at Joby, said, "By taking Joby public we have the opportunity to drive a renaissance in aviation, making emissions-free flight a part of everyday life. This is our generation's moonshot moment, and at Joby we're proud to be leaning in."
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JOBY RTP | Hot Stocks08:29 EDT Joby Aviation become public after closing Reinvent Technology Partners deal - Joby Aviation, a California-based company developing all-electric aircraft for aerial ridesharing, announced last night that Joby Aero, Inc. completed its previously announced business combination with Reinvent Technology Partners (RTP), a special purpose acquisition company. Upon the completion of the transaction, RTP changed its name to "Joby Aviation, Inc." Joby's common stock and warrants will commence trading on the New York Stock Exchange on August 11, 2021, under the ticker symbols "JOBY" and "JOBY WS," respectively. The transaction values Joby at $4.5B enterprise value, with proceeds raised plus cash on the balance sheet as of March 31, 2021 equaling approximately $1.6B. The proceeds are expected to fund Joby through initial commercial operations. Reid Hoffman, LinkedIn Co-Founder and Co-Lead Director of RTP, said, "With its advanced technology, we believe Joby is 'Tesla meets Uber in the air' and the clear leader in the eVTOL and aerial ridesharing space. We believe Joby is well-positioned with capital to be the first company to certification and commercialization. Closing this business combination accelerates Joby's roadmap, and we look forward to supporting JoeBen and Joby's world-class team in executing on their vision." JoeBen Bevirt, founder and CEO at Joby, said, "By taking Joby public we have the opportunity to drive a renaissance in aviation, making emissions-free flight a part of everyday life. This is our generation's moonshot moment, and at Joby we're proud to be leaning in."
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BRQS | Hot Stocks08:27 EDT Borqs Technologies announces strategic investment, collaboration with Zippie - Borqs Technologies has signed an agreement with Zippie, a blockchain application and payment platform company headquartered in Singapore, to jointly develop solutions for IoT autonomous payments to service the rising demand for digital currency transactions. So far Zippie has three applications on its platform: MyPlanet - a donation application for full end-end transparency donation platform for conservation projects. Lohko wallet - a platform for investors to manage their digital assets. Lohko's first available products are physical gold and silver bars. AirImpact - a dashboard for corporates to manage their value transfer.
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BEEM | Hot Stocks08:26 EDT City of Lancaster orders Beam Global EV ARC off-grid EV charging system - Beam Global announced that the City of Lancaster in California has ordered an EV ARC solar-powered EV charging systems for public use. The system was funded in part by grants from the Antelope Valley Air Quality Management District and California Governor's Office of Emergency Services, and was purchased off Californica Contract #1-18-61-16 which simplifies the procurement process and ensures best pricing. Lancaster's EV ARC unit is equipped with a ChargePoint Dual Port charger and will be deployed at the Lancaster Baptist Church for public use. The EV ARC system generates and stores its own clean electricity and delivers that electricity to power EVs, day or night, and during inclement weather and power outages. The transportable but permanent unit includes the Emergency Power Panel option for first responder use during blackouts or in locations where there is no utility connection available. The grant funding was awarded to the City of Lancaster from the Antelope Valley Air Quality Management District. Requiring no connection to the utility grid, Beam Global products eliminate disruptive construction projects, costly electric circuit upgrades and utility charges to deliver significant long-term savings to city budgets.
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ADXS | Hot Stocks08:25 EDT Advaxis announces Nasdaq grant of extension to regain compliance - Advaxis announced that it has received a letter indicating that following the Company's hearing before the Nasdaq Hearings Panel, the Panel determined to grant the Company an extension through November 22, 2021, to comply with Nasdaq's $1.00 Minimum Bid Price Rule and complete its previously announced merger transaction with Biosight. On July 6, 2021, Advaxis announced that it had entered into a merger agreement with Biosight, a privately held, Israel-based pharmaceutical company developing innovative therapeutics for hematological malignancies and disorders. Pursuant to the Nasdaq Listing Rules, the combined company will be required to meet all applicable initial listing requirements upon the closing of the merger, including the $4 per share price requirement. While there can be no assurance, the Company believes that it will be able to close the merger and demonstrate compliance with all applicable requirements for initial listing on The Nasdaq Capital Market on or before November 22, 2021.
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LTRN | Hot Stocks08:24 EDT Lantern Pharma's LP-184 in pancreatic cancer granted Orphan Drug designation - Lantern Pharma's LP-184 has been granted Orphan Drug Designation by the FDA for the treatment of pancreatic cancer. LP-184 is a small molecule drug candidate and next generation alkylating agent that preferentially damages DNA in cancer cells that over-express certain biomarkers or that harbor mutations in DNA repair pathways. LP-184 is being developed for several targeted indications in cancer, including pancreatic cancer. LP-184 is designed to target a specific subset of pancreatic cancer patients that are genetically defined.
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WSR | Hot Stocks08:23 EDT Whitestone REIT highlights trends in markets it has invested in - Whitestone highlighted several 'positive' trends in the high growth markets where Whitestone has prioritized its investments. Over the past several years, metropolitan areas in Arizona and Texas have experienced some of the highest economic activity and population growth in the United States. Whitestone's properties continue to attract outstanding tenants that offer essential services and goods needed by local communities in these areas, driving strong growth and value for shareholders. The company's long-term strategy of acquiring and developing premier properties in these rapidly expanding regions continues to deliver value for all stakeholders, including the many communities in which Whitestone operates. Migration tailwinds have driven increased quarter-over-quarter foot traffic - a 17.9% increase in foot traffic at its centers from 4Q2020 to 2Q2021 - for Whitestone's tenants and new leases across Whitestone's properties. This is evidenced by the company's first and second quarter 2021 leasing activity, occupancy levels, leasing spreads and average base rent on leased square foot. Whitestone's new tenant square foot leasing activity for the first six months of 2021 has been 100% higher than the first six months of 2020 and 40% higher than the first six months of 2019. "Since the IPO of Whitestone in 2010, we have had conviction in the Sun Belt markets, and most specifically Arizona and Texas," said Jim Mastandrea, Chairman and Chief Executive Officer of Whitestone REIT. "Guided by our local expertise and consumer-driven data, our portfolio and investment strategy ensure we own properties in high-growth markets where people increasingly want to live. As a result of the pandemic, these years-long migration trends have accelerated and the prescient work of our team in thoughtfully positioning each of our properties has delivered outsized value for all of our stakeholders." Mr. Mastandrea continued, "Our strategically chosen markets are resilient, our tenants serve their local neighbors' essential lifestyle needs, and our business model generates consistent and attractive cash flow and returns. Change creates opportunity. In retail and real estate, we are excited by the many opportunities created by both population and corporate migrations and the increased demand for consumer-oriented centers and services, which Whitestone provides."
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DFFN | Hot Stocks08:21 EDT Diffusion Pharmaceuticals anticipates cash runway through 2023 - As of June 30, 2021, Diffusion had cash and cash equivalents of approximately $43.3 million as compared to $18.5 million as of December 31, 2020.
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CLVR | Hot Stocks08:20 EDT Clever Leaves announces commitment to University of Missouri - Clever Leaves announced their first official letter of support to the University of Missouri's translational pediatric neuroscience lab providing CBD isolate product for an upcoming National Institutes of Health proposal. This marks the second research team supported for a proposal under Clever Leaves' Project Change Lives Campaign, following an initial sponsored study that was announced in collaboration with UC Davis' Plant Sciences Department last week, whereby the Company has committed to providing up to $25M in cannabis- derived ingredients and finished products for use in high-quality research that will advance the field of medical cannabis in the United States. Active research projects by this study team include advancing understanding of CBD for the treatment of: Autism spectrum disorder; Genetic disorders; Rare Epilepsies; Pain management; Cognitive disorders; and Inflammation. "As one of the first sponsored research partnerships under Clever Leaves' new Project Change Lives campaign, it is important that we partner with a highly credentialed university and research team such as the University of Missouri to validate our strong commitment to advancing the understanding of medical cannabis domestically by providing our pharmaceutical-grade cannabinoids to researchers in the U.S.," said Kyle Detwiler, CEO of Clever Leaves. "The basic and clinical research findings emerging from Mizzou's Child Neurology Division are aimed at providing the foundational knowledge on which many of medicine's next generation of treatment options could be developed. Accordingly, this ongoing research is directly in-line with Clever Leaves' goal to change lives through the research and development of new cannabis therapies."
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CWBR | Hot Stocks08:19 EDT CohBar says Phase 1 trial of CB4211 in NASH met primary endpoints - Last night, CohBar announced topline results from the multi-center, randomized, double-blind, placebo-controlled Phase 1a/1b clinical study of CB4211, under development for NASH and obesity. The study met its primary endpoints as CB4211 was well-tolerated and appeared safe with no serious adverse events. The evaluation of the exploratory endpoints showed "robust and statistically significant improvements" in key biomarkers of liver damage, ALT and AST, and in glucose levels in the CB4211 group compared to placebo, the company said. There was a trend towards lower body weight in the CB4211 group after four weeks of treatment, the company added. "Our positive CB4211 topline data announcement today marks an important milestone in our path towards demonstrating the full potential of our novel therapeutic platform sourced from the mitochondrial genome. In parallel with our ongoing analysis of the promising data from the CB4211 study, we are diligently working to enable CB5138-3 to enter the clinic next year for the treatment of idiopathic pulmonary fibrosis. This is an exciting time for the company as we look forward to continued progress in the development of product candidates designed to address serious unmet medical needs," stated Dr. Joseph Sarret, CohBar CEO.
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INAB | Hot Stocks08:18 EDT In8bio completes dosing of first cohort in Phase 2 trial with Allogeneic - IN8bio announced completion of dosing of the first patient cohort in a Phase 1 clinical trial of INB-100, a donor-derived gamma-delta T cell therapeutic in development for patients with leukemia undergoing haploidentical stem cell transplant. The three patients comprising the first cohort did not experience any severe adverse infusion reactions or dose limiting toxicities to date. The first two patients are at 14.5 months and 12.2 months, respectively, post-HSCT as of June 30, 2021, and continue to be in complete remission. "For patients with high-risk leukemia, the availability of HSCT is a path toward a potential cure, but rates of leukemic relapse remain high," said William Ho, Chief Executive Officer and co-founder of IN8bio. "Research by our Chief Scientific Officer, Dr. Lamb, and others has shown that that high numbers of circulating gamma-delta T cells have been correlated with improved survival outcomes in these patients. Our goal with INB-100 is to generate an anti-leukemic effect by supplementing patients' immune systems with allogeneic gamma-delta T cells to reduce relapse and improve overall survival in patients who have undergone an allogeneic HSCT. Although early, we are encouraged by data obtained to date indicating the potential for well-tolerated allogeneic gamma delta T-cell therapies. We look forward to announcing additional data on this program in 2022."
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KHC | Hot Stocks08:17 EDT CRAVE Meals presents Toronto Ultra playoffs - The Toronto Ultra, OverActive Media's Call of Duty franchise and Canada's only Call of Duty League team, will compete in the Call of Duty League Championship Weekend in Los Angeles, CA, from August 19-22, 2021. This live event is the culmination of season-long rivalries and epic battles bringing with it $1.2 million in prize money for the winning team and a coveted Championship trophy. Following a strong season winning the Stage II Major and ranked 2nd heading into the playoffs, Toronto Ultra is looking for redemption coming off a tough finals finish at the Stage 5 Majors. To generate excitement and engage Call of Duty fans across Canada for the CDL Championship Weekend, Toronto Ultra Playoffs presented by CRAVE Meals kicks-off today. Earlier this season, CRAVE Meals, a Kraft Heinz Canada brand (KHC), was announced as the Official Meal Partner of Toronto Ultra. As the first-ever presenting playoff partner, CRAVE has secured the first in-game jersey asset on the Toronto Ultra uniforms. The on-jersey brand patch is a one-of-a-kind asset in the Canadian market, appearing in-game on Toronto Ultra's operator. In addition, CRAVE will feature custom content experiences to bring fans closer to the action including a daily social series to highlight the team's journey as they prepare and train for the CDL Championship Weekend and a content series with Toronto Ultra player Anthony 'Methodz' Zinni.
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AFIB | Hot Stocks08:17 EDT Acutus Medical receives FDA clearance, CE mark for AcQMap 8 - Acutus Medical announced its innovative suite of software upgrades, known collectively as AcQMap 8, has received FDA clearance and been awarded CE Mark. AcQMap 8 introduces advanced new mapping algorithms into Acutus' foundational technology, the AcQMap 3D imaging and mapping system. These algorithms - including AcQTrack and the SlowZone Locator - are designed to highlight regions of interest during the mapping and ablation of complex atrial arrhythmias, the treatment of which has been shown to significantly improve patient outcomes. The software upgrade also features a series of procedural workflow enhancements and seamless integration of Acutus' therapeutic ablation technologies, where currently available. AcQMap 8's software enhancements also facilitate the integration of Acutus' AcQBlate FORCE Sensing Ablation Catheter and System into the AcQMap system, enabling complete visualization and configuration of ablation procedures directly on the AcQMap system's user interface. "Our goal is to give physicians the tools they need to efficiently and effectively treat complex arrhythmias like atrial fibrillation," said Vince Burgess, President and CEO, Acutus Medical. "We continue to push the boundaries of what's possible in the EP lab and take significant technological strides designed to improve patients outcomes. AcQMap 8's unique automated mapping algorithms and functionalities are a much-needed next step as we continue to drive innovation in the electrophysiology space and help physicians create optimized and personalized treatment strategies for all of their patients."
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DIBS | Hot Stocks08:15 EDT 1stDibs launches NFT platform - 1stDibs has launched an NFT platform, responding to the rapidly growing market for digital artwork. The NFT platform is based on an auction model, which expands on 1stDibs' core e-commerce site. During the initial phase, the proprietary platform will feature semi-monthly auctions consisting of both group and solo work, starting with a two-week exhibition featuring dozens of NFTs, launching today. The debut exhibition is titled "Portals," and is curated by notable artist Metageist. 1stDibs' NFTs will be available at 1stdibs.com/nft-collections and will be differentiated within the market for several reasons: Highly curated inventory - The launch phase will consist of semi-monthly online exhibitions featuring new crypto-art by creators 1stDibs has selected through a rigorous vetting process. The marketplace will focus on renowned creators from the fine art world and the Metaverse who have proven track records of commercial success. Technology-driven approach - Building on the considered curation that 1stDibs is known for, the NFT platform participates in this market with a native blockchain approach, which includes minting and an on-chain marketplace. This combination of a curatorial experience and the technical capabilities of the native NFT platform offers a unique distinction among blue-chip marketplaces. The initial launch includes a custom ERC721 token smart contract which is limited to minting a maximum of 5,000 tokens. In later iterations of the NFT marketplace, a new token smart contract will be deployed so that this initial launch is always limited. The buying process was designed to be seamless and native to the blockchain, leveraging Ethereum cryptocurrency accessed through a Metamask wallet that collectors can connect to the site. Community building through content creation - 1stDibs will publish original content in collaboration with the creators to tell the story of their collections and their artistic vision. The first-ever exhibition on the new platform, "Portals," features the work of 10 artists from across the globe. U.K.-based creator Metageist, a mainstay in the NFT category who has spoken at TedxPeterborough, curated the collection to speak to the homonym definitions of portal, which can refer to a physical entryway or to a webpage.
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TIVO XPER | Hot Stocks08:15 EDT Xperi unit TiVo renews product and patent pact with Panasonic - TiVo, a wholly-owned subsidiary of Xperi Holding Corporation announced the renewal of its product and patent license agreements with Panasonic . Panasonic signed a new multi-year extension of the company's products for the Japan market, including G-Guide, G-Guide HTML and G-Guide xD, enabling Panasonic to continue providing advanced entertainment discovery experiences across its TV, DVR and set-top box products. The agreement also commits Panasonic to deploying the newly released OTT-Link functionality that enables consumers to deep link directly into content from within G-Guide, TiVo's market leading content discovery solution for Japan.
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TAOP | Hot Stocks08:13 EDT Taoping enters MOU to purchase Ethereum mining machines - Taoping announces that it has signed a non-binding Memorandum of Understanding with Dennver Group Holdings Limited, a British Virgin Islands company, to purchase Ethereum mining machines with a total hash rate of 500 GH/s. Pursuant to the MoU, the purchase price of the Ethereum mining machines and related rights and interests, to be determined by the two parties after the completion of due diligence, will be paid in the form of a combination of cash and restricted ordinary shares of TAOP. The price per share is set at the volume weighted average closing price of TAOP ordinary shares over the 5 trading days prior to the execution of the MoU. TAOP will designate a third-party valuation firm to conduct examination and assessment of the fair market value of the Ethereum mining machines.
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SMDM | Hot Stocks08:12 EDT Singing Machine announces minority investment by Stingray Group - The Singing Machine today announced that Stingray Group has participated in the Company's recent private placement offering to obtain a minority stake in Singing Machine and will be accepting a seat on the company's newly reconstituted board of directors. "Stingray and Singing Machine have been long-time friends and partners with a shared passion for connecting people through music," said Eric Boyko, President, Co-founder and CEO of Stingray. "We are thrilled to invest in Singing Machine and secure access to its important karaoke distribution channel, leverage its products and consequently increase Stingray Karaoke downloads and revenues. This transaction demonstrates our intent and ability to act as an industry leader."
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SMFR | Hot Stocks08:11 EDT Sema4 Holdings, Avera Health announce collaboration - Avera Health and Sema4 announced a new collaboration launching a precision medicine initiative. This initiative will initially focus on advancing oncology care, enabling Avera Health's providers and patients to benefit from data-driven insights that inform targeted cancer treatments. Avera Cancer Institute has had a precision oncology program for several years in which the patient's tumor has been genetically sequenced to guide individualized cancer treatment. This collaboration will take that a step further by leveraging Centrellis, Sema4's health intelligence platform, to curate, structure and integrate clinical and genomic data to support both cancer research and clinical care at Avera Health. Sema4 will deliver predictive disease network models and clinically actionable insights, empowering Avera Health's providers to further improve the prevention, detection, and treatment of cancer for their patients. Sema4 will also offer digital tools, which give Avera Health's providers the ability to readily search for cohorts of patients based on clinical criteria, view a patient's treatment history that is contained in the curated data as an interactive timeline, and more systematically match patients to clinical trials. As part of their work together, Avera Health will also utilize Sema4's industry-leading, information-driven genomic solutions. More Avera patients will be able to receive genomic testing earlier in their disease timeline to help oncologists choose the best chemotherapy treatment regimens, based on the individual's genomic data and genetic mutations that have taken place within the tumor, and the individual's hereditary risks. They will have access to Sema4 Signal Whole Exome Sequencing, Whole Transcriptome Sequencing, and Hereditary Cancer testing to provide clinically actionable information about a broad range of genomic variants across the tumor and germline.
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SMMT | Hot Stocks08:11 EDT Summit Therapeutics to combine Phase III trials of ridinilazole - Based on a thorough review of the design and enrollment status of two ongoing blinded Phase III Ri-CoDIFy trials, Summit Therapeutics announced that it will combine its two blinded pivotal Phase III clinical trials evaluating ridinilazole versus vancomycin into a single study. Ridinilazole, a novel first-in-class drug, is currently under investigation for use as first-line therapy for the treatment of initial and recurrent Clostridioides difficile infection. The trial's primary endpoint seeks to prove ridinilazole's superiority in sustained clinical response as compared to vancomycin. Ridinilazole is not currently approved for use by any regulatory authority. Current enrollment in the two Ri-CoDIFy Phase III trials is 753 patients, split approximately evenly between each of the two trials. This enrollment level offers a unique opportunity to combine the studies, as the two ongoing trials have enrolled just over 50% of their targeted goal, are still blinded, and allow for a prospectively planned analysis. The ridinilazole clinical program commenced with the Phase I trial beginning in 2012, a 100-patient Phase II clinical trial began in 2014, and the current Ri-CoDIFy Phase III clinical trials enrolled the first patient in February 2019. The company recently released breakthrough Phase II clinical study data, including the relative sparing of ridinilazole on the gut microbiome as compared to vancomycin, ridinilazole's minimal impact on the gut resistome, and its novel mechanism of action. This effort is funded in whole or in part with federal funds from the Biomedical Advanced Research and Development Authority, part of the Office of the Assistant Secretary for Preparedness and Response at the U.S. Department of Health and Human Services, under contract number HHSO100201700014C.
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WAB HOG | Hot Stocks08:10 EDT Wabtec appoints John Olin as CFO - Wabtec (WAB) announced John Olin will be named executive VP and CFO of the company, effective October 1. Olin will succeed Pat Dugan, who is leaving the company in Q4. Olin joins Wabtec as the former senior VP and chief financial officer of Harley-Davidson (HOG).
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GMBT | Hot Stocks08:08 EDT Concordium, Swvl partner on blockchain-based mass transit systems - Concordium and Swvl announced a strategic partnership to, for the first time, use blockchain technologies to develop transformative next generation mass transit systems. Concordium will provide a blockchain-based technology platform that aims to upgrade the mass transit travel experience for Swvl's customers. The platform is intended to help solve the highly-complex logistical challenges inherent in mass transit, while advancing Swvl's efforts at decarbonization and smart, green mobility. .
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SESN | Hot Stocks08:08 EDT Sesen Bio hires John Knighton as Chief Compliance Officer - Sesen Bio announced the expansion of its executive leadership team in support of the Company's continued transformation into a commercial-stage company with the hiring of John Knighton as Vice President and Chief Compliance Officer, effective August 16.The Company's Biologics License Application, BLA, for Vicineum for the treatment of BCG-unresponsive non-muscle invasive bladder cancer, NMIBC, the Company's lead program, is currently under Priority Review with the US Food and Drug Administration with a target Prescription Drug User Fee Act date of August 18 . "At Sesen Bio, we believe a strong culture of compliance is a source of competitive advantage, because a thorough understanding of laws and regulatory guidance allows us to fully explore innovative commercial models and strategies," said Dr. Thomas Cannell, president and chief executive officer of Sesen Bio. "This enables us to do the right thing while maximizing launch uptake of Vicineum. As we near our PDUFA date, I am confident that John's extensive experience in establishing compliance programs and enabling the implementation of innovative commercial model elements will further position us to execute a world-class launch."
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QMCO | Hot Stocks08:08 EDT Quantum appoints John Hurley as Chief Revenue Officer - Quantum appointed John Hurley as Chief Revenue Officer. Prior to Quantum, Hurley led multiple client segments at Cisco, including his most recent role as vice president, global commercial segment, where his team was responsible for driving the multi-billion dollar commercial business. Hurley also spent several years overseeing Cisco's service provider business.
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SMMT | Hot Stocks08:07 EDT Summit Therapeutics expects cash to fund requirements for next 12 months - The Company's existing cash and cash equivalents and committed external funding are expected to be sufficient to enable the Company to fund its operating expenses and capital expenditure requirements for at least the next twelve months.
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DEA MAR | Hot Stocks08:06 EDT Easterly Government Properties names Allison Marino chief accounting officer - Easterly Government Properties (DEA) announced that Allison Marino has been appointed senior VP and chief accounting officer of the company, effective August 9. Prior to joining Carr Properties, Marino served in Marriott International's (MAR) financial reporting and analysis group.
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IMAB | Hot Stocks08:06 EDT I-Mab's plonmarlimab shows positive results in severe COVID-19 treatment - I-Mab announced positive interim data from its U.S. phase 2/3 study of plonmarlimab for the treatment of cytokine release syndrome, or CRS, in patients with severe COVID-19. Plonmarlimab was discovered and developed by I-Mab to target GM-CSF, a cytokine that plays a critical role in acute and chronic inflammation. Plonmarlimab inhibits GM-CSF and acts at the upstream of the pathologic inflammatory cascade and is expected to be more efficacious in preventing and treating cytokine release syndrome, or CRS. The study aimed to determine the safety, efficacy and effects on cytokine levels following a single dose of 6 mg/kg of plonmarlimab or placebo in patients with severe COVID-19. Plonmarlimab treatment resulted in a higher mechanical ventilation free, or MVF, rate - 83.6% vs 76.7% - by day 30, lower mortality rate - 4.9% vs 13.3% - by day 30, higher recovery rates - 68.9% vs 56.7% at day 14 and 80.3% vs 70.0% at day 30 -, as well as reduced time to recovery and hospitalization duration, as compared to placebo. The magnitudes of the clinical improvements are comparable to those observed with lenzilumab in a similar patient population. Patients treated with plonmarlimab had a reduction in plasma levels of pro-inflammatory cytokines and chemokines critically involved in CRS. Plonmarlimab was well tolerated in all patients with no significant safety concerns. I-Mab plans to continue advancing the study in the U.S. and begins to explore other CRS-related opportunities.
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MGTX JNJ | Hot Stocks08:06 EDT MeiraGTx provides anticipated upcoming milestones - Initiate, with Janssen (JNJ), the Phase 3 Lumeos clinical trial evaluating AAV-RGPR as a treatment for patients with X-Linked retinitis pigmentosa in the second half of 2021. Initiate a Phase 3 pivotal trial of AAV-RPE65 for patients with RPE65-associated retinal dystrophy in the second half of 2021. Complete enrollment of the Phase 1 AQUAx trial of AAV-AQP1 for the treatment for Grade 2/3 radiation-induced xerostomia in the second half of 2021. File Investigational New Drug application for AAV-GAD for the treatment of Parkinson's Disease in the third quarter of 2021. Present in-vivo data from the company's riboswitch gene regulation platform at R&D day demonstrating regulation of multiple therapeutic targets in multiple tissues in the fourth quarter of 2021. Data from the Company's proprietary promoter engineering platforms will also be presented. Advance, with Janssen, development of AAV-CNGB3 and AAV-CNGA3 for the treatment of achromatopsia associated with mutations in the CNGB3 and CNGA3 genes to late-stage clinical trials. Continue to progress several pre-clinical programs towards INDs in 2022.
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BB | Hot Stocks08:06 EDT BlackBerry to provide secure vehicle-based payments - BlackBerry announced a new solution to deliver highly-secure vehicle-based payment capability to unlock a connected car payments market that is projected to reach over EUR530B by 2030. This vehicle-based payment solution will create new opportunities for automakers to offer a vast array of payment services and develop previously untapped revenue streams. The solution will create a "digital fingerprint" for the vehicle, allowing it to securely connect to a bank's payment network, validate, and autonomously pay for a wide range of frequently used services, including fuel, tolls, parking, insurance, maintenance, and other "wallet" capabilities. Historically, vehicle-based payment processes have been complex and leverage legacy banking primitives such as physical credit cards or multiple smartphone apps to communicate with each individual merchant and service provider. BlackBerry is delivering this solution through a partnership with California-based financial technology solution provider Car IQ which leverages BlackBerry IVY's in-vehicle edge computing and direct access to vehicle sensors.
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TM | Hot Stocks08:05 EDT Toyota debuts mobile collision assistance service - Toyota and Lexus drivers now have a new assistance service available to them in the moments following a collision. Collision Assistance, a just-in-time support service, is now available to drivers within the Toyota and Lexus mobile app. The feature within the Toyota and Lexus Owners Apps offers guided instructions to help drivers navigate a post-collision repair process. Toyota worked with CCC Intelligent Solutions, a leading SaaS platform for the multi-trillion-dollar P&C insurance economy, to develop Collision Assistance. The CCC mobile technology combines guided accident documentation and access to claims and management services to assist drivers following a collision. Toyota transmits accident and vehicle telematics data to CCC to initiate the program. Collision Assistance is designed to let the customer choose how they'd like to handle the claim and repair processes, providing convenience and safety while also ensuring owners are informed about the process through completion.
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NDSN | Hot Stocks08:04 EDT Nordson boosts dividend 31% to 51c per share - Nordson announced that its Board of Directors has approved a 31% increase in the Company's quarterly cash dividend to 51c per common share from 39c. The dividend is payable on September 7c to shareholders of record as of the close of business on August 24. "We are pleased to increase our annual dividend and maintain the Company's rich 58-year history of returning a portion of our cash flow to our shareholders. The significant increase of 31% reflects the Company's continued progress in executing our Ascend Strategy, designed to deliver top-tier revenue growth with leading margins and returns," said Joseph Kelley, executive vice president and chief financial officer.
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ADTX | Hot Stocks08:04 EDT Aditx Therapeutics enters partnership with GLML to offer AditxtScore in Michigan - Aditxt announced a partnership with Great Lakes Medical Laboratory, or GLML, a full-service medical reference laboratory, to offer its AditxtScore for COVID-19 throughout the State of Michigan. The AditxtScore for COVID-19 is a more comprehensive immune response monitoring tool that tracks multiple combinations of antibody and neutralizing antibody responses against several different antigens. This makes it possible to assess the strength of an individual's immune response to the SARS-CoV-2 virus. Under the agreement, GLML will make the AditxtScore for COVID-19 available throughout its six physical locations and mobile units in Michigan. The initiative is part of Aditxt's ongoing effort to expand its immune monitoring network nationwide.
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PHXHF | Hot Stocks07:59 EDT PHX Energy Services receives TSX approval for renewal of NCIB - PHX Energy Services announced that the Toronto Stock Exchange has accepted PHX Energy's notice of intention to renew its normal course issuer bid for a further one-year term. The previous NCIB expired on August 13, 2021. Pursuant to the Corporation's previous NCIB, the Corporation purchased in the open market through the facilities of the TSX and through other alternative Canadian trading platforms and cancelled an aggregate of 3,131,388 common shares of the Corporation at an average price paid of $1.58 per Common Share, which represents all the approved securities available for repurchase under the previous NCIB. Under the renewed NCIB, PHX Energy may purchase for cancellation, from time to time, as PHX Energy considers advisable, up to a maximum of 3,679,797 Common Shares, which represents 10% of the Corporation's public float of 36,797,979 Common Shares as at August 6, 2021. Purchases of Common Shares may be made on the open market through the facilities of the TSX and through other alternative Canadian trading platforms at the prevailing market price at the time of such transaction. The actual number of Common Shares that may be purchased for cancellation and the timing of any such purchases will be determined by PHX Energy, subject to a maximum daily purchase limitation of 23,467 Common Shares which equates to 25% of PHX Energy's average daily trading volume of 93,868 Common Shares for the six months ended July 31, 2021. PHX Energy may make one block purchase per calendar week which exceeds the daily repurchase restrictions. Any Common Shares that are purchased by PHX Energy under the NCIB will be cancelled. The NCIB will commence on August 16, 2021 and will terminate on August 15, 2022 or such earlier time as the NCIB is completed or terminated at the option of PHX Energy. PHX Energy may enter into an automatic securities purchase plan in connection with the NCIB which would permit the Corporation to repurchase its Common Shares during periods of blackout or other periods in which the Corporation would not ordinarily be permitted to repurchase its Common Shares. Such automatic securities purchase plan would be subject to certain parameters set by the Corporation from time to time which would govern the automatic purchase of Common Shares.
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ORA RAMPF | Hot Stocks07:57 EDT Ormat Technologies wins contract to support San Jacinto geothermal project - Ormat Technologies (ORA) announced that it has secured a contract to supply products to a 10 MW of a geothermal air-cooled Ormat Energy Converters to Polaris Infrastructure Inc. (RAMPF), a Toronto-based company engaged in the operation, acquisition and development of renewable energy projects in Latin America, for the San Jacinto facility in Telica, Leon, Republic of Nicaragua. Ormat anticipates an 11-month design, manufacture, and delivery of the OEC unit.
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CMDXF | Hot Stocks07:53 EDT Computer Modelling Group says continues to maintain 'strong financial position' - The company said, "During the quarter ended June 30, 2021, CMG's annuity/maintenance license revenue decreased by 15%, compared to the same quarter of the previous fiscal year, as our customer spend continues to be affected by the ongoing COVID-19 pandemic and the production policy decisions of the OPEC+ nations, lower unconventional shale activity and, to a lesser extent, corporate consolidations in North America. While commodity prices have improved so far into calendar 2021, annual spending budgets were set by our customers at the end of calendar 2020, in the midst of COVID-related cautions and uncertainties, so any positive effects on CMG's revenue may be lagged because of the annual nature of our customers' budgets. Geographically, Canada, the US and the Eastern Hemisphere contributed to the decrease in revenue, while South America increased by 7%, as we were able to expand our customer base with new and returning customers. Total operating expenses decreased by 19%, due to salary reductions implemented on July 1, 2020, the CEWS/CERS benefits and lower stock-based compensation expense as a result of the share price decrease during the current quarter. As a result of the decease in expenses, CMG was able to achieve an operating profit margin of 39%, up from 34% in the prior year quarter. Without the impact of the CEWS and CERS benefits, the operating profit margin was 36%, below our pre-COVID fiscal 2019 and fiscal 2020 historic average of 40%. We continue to maintain a strong financial position. We closed the quarter with $54.4 million of cash, no debt and no significant accounts receivable collectability concerns. Basic earnings per share were $0.05 per share, slightly up from $0.04 in the comparative quarter. We generated $0.06 per share of free cash flow, compared to $0.05 per share in the comparative quarter. During the three months ended June 30, 2021, we declared and paid dividends totaling $0.05 per share. Staff compensation, which has been reduced since July 1, 2020, will be reviewed in the upcoming quarter ending September 30, 2021, based on corporate and individual performance and with the view of optimizing our cost structure. Directors' cash compensation reductions and officers' salary reductions implemented on July 1, 2020 will remain unchanged for the current fiscal year. As with our actions since the start of the COVID-19 pandemic, the goal is to continue to defend our margins, while making sure we deliver reliable and accurate reservoir simulation solutions to our customers. Energy transition-related modelling has been a bright spot for CMG in the past twelve months. The current macro focus on energy transition has generated increased interest in our related courses and has also created a number of opportunities that CMG has been able to capture or pursue. CMG's existing software has had the technical capabilities to support energy transition-related modelling for, in some instances, decades, and we believe that CMG is the experienced, go-to partner for all of our existing customers, as well as new entrants that are focused on this area."
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GTH | Hot Stocks07:50 EDT Genetron receives full marks under NCCL's external quality assessment - Genetron announced that its Beijing clinical laboratory has received full marks under the National Center for Clinical Laboratories', or NCCL, first nationwide, external quality assessment of NGS-based comprehensive genomic profiling for solid tumors. "The clinical laboratory passed the assessment with flying colors, earning the designation "Outstanding Laboratory" and receiving full marks, ranking first among all of the 63 laboratories that participated in the evaluation," the company said. In order to improve clinical laboratories' NGS-based comprehensive genomic profiling capabilities in China, the NCCL carried out a nationwide assessment for the first time. The assessment aims to point out various and common issues experienced by laboratories in the industry, and to improve the quality of industry practices.
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QTNT | Hot Stocks07:49 EDT Quotient announces departure of Chief Commercial Officer Jeremy Stackawitz - Quotient announced that Jeremy Stackawitz has notified the company that he is resigning from his position as Chief Commercial Officer. "On behalf of the Board and the Company, I wish him success in his new endeavor," said Manuel Mendez, Chief Executive Officer of Quotient. In accordance with Stackawitz's employment agreement, his resignation will take effect, unless the company elects otherwise, on October 5, 2021. The company has initiated a search for a replacement Chief Commercial Officer with the credibility, capability, and qualifications to continue effective execution of its business strategies.
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HSDT | Hot Stocks07:47 EDT Helius Medical launches new website for US based patients, physicians - Helius Medical Technologies announced that the company has launched a new website, created to serve as a resource for U.S.-based patients and physicians. The website is designed to provide both audiences with information on the company's PoNS Treatment and enable them to connect with Helius to learn more information, ask questions and receive future updates. "We are pleased to expand our online resources for U.S.-based patients and physicians as we prepare to commercialize our PoNS technology during the first quarter of 2022," said Dane Andreeff, President and Chief Executive Officer of Helius. "Building on this progress, we look forward to educating and developing relationships with key clinicians, and raising awareness of our recently authorized PoNS device at the patient level, as part of our pre-commercial activities during the second half of this year."
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EEVVF | Hot Stocks07:46 EDT Eve & Co completes largest to date shipment of cannabis to Germany - Eve & Co announces that it has, through its wholly-owned subsidiary Natural MedCo, successfully completed its largest shipment of cannabis to a customer in German with a retail value of $1.8M CAD. "Our export quantities to Germany have been continually increasing as has the demand for our EU-GMP certified product by our German partners. Our EU-GMP certification provides a competitive advantage in that we are not solely reliant for revenue on the over-supplied Canadian market. We can establish our product in international markets and continually increase exports to these developing markets through our partners as their businesses grow," said Melinda Rombouts, President and Chief Executive Officer of Eve & Co.
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AHAC | Hot Stocks07:44 EDT Humacyte announces publication of in vivo data on BVP - Humacyte announced laboratory and preclinical data demonstrating the potential to engineer a biovascular pancreas as a method to transplant pancreatic islet cells for the long-term treatment of type 1 diabetes have been published in the Journal of Tissue Engineering. The manuscript, entitled, "Development of a Bioartificial Vascular Pancreas," reports in vivo, in vitro and in silico data supporting the potential of the biovascular pancreas technology platform to overcome current limitations of islet cell transplantation and offer an effective way to transplant pancreatic islet cells. Humacyte is developing the biovascular pancreas, or BVP, leveraging its human acellular vessels as a vascular scaffold, to be implanted in an outpatient procedure. The published data expand upon findings presented in June 2021 at the American Transplant Congress 2021 Virtual Connect, which demonstrated that pancreatic islet cells embedded in the outer matrix of an acellular vessel can create a working BVP in preclinical models. On February 17, 2021, Alpha Healthcare Acquisition, a special purpose acquisition company, and Humacyte announced the execution of a definitive business combination agreement along with a fully committed $175M PIPE financing agreement.
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APPH | Hot Stocks07:44 EDT AppHarvest plans new holding company structure - AppHarvest has achieved several critical milestones since the company began harvesting fresh produce in January, including effectively staffing the Morehead farm with local labor, raising new, non-dilutive forms of capital to fund its development, and securing future building sites more quickly than expected. Global interest in the CEA industry from investors and policymakers also has accelerated significantly, as climate change and other factors appear poised to drive a dramatic increase in CEA funding. These developments have accelerated AppHarvest's decision to shift to transforming its assets and teams into a global authority in the CEA sector. Dedicated space at the Morehead farm will be allocated to non-production, skunkworks strategic investments to better facilitate the development of viable commercial technology, which the company anticipates will be integrated with operational best practices in future farms and licensed to other CEA operators. The company expects the long-term benefits associated with this evolving business model to significantly outweigh the near-term investment cost. In addition, the company has made significant progress in building its brand, which it views as a competitive advantage and important driver of long-term shareholder value. By the end of 2022, the company plans to release three value-added products as it leverages its brand as a trusted name in the global food and ESG space to earn a price premium over time. To support these initiatives, the company announced a plan to organize internally under a holding company parent with three operating companies pursuing distinct opportunities to grow more broadly within CEA. The planned operating companies include: "AppalachiaCo," which will consist of the company's planned network of high-tech indoor farms in Central Appalachia, and proposed value-added products business and "TechCo," which will contain the company's key technologies including proprietary FarmOps, robotic harvesting capability, and AI/machine learning for growing-as well as the potential to develop a new revenue stream through licensing of CEA technology to global operators. "GrowCo," that will pursue CEA opportunities including those outside of Central Appalachia in the U.S. and globally.
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AHAC | Hot Stocks07:42 EDT Alpha Healthcare Acquisition announces publication of in vivo data on BVP - Humacyte announced laboratory and preclinical data demonstrating the potential to engineer a biovascular pancreas as a method to transplant pancreatic islet cells for the long-term treatment of type 1 diabetes have been published in the Journal of Tissue Engineering. The manuscript, entitled, "Development of a Bioartificial Vascular Pancreas," reports in vivo, in vitro and in silico data supporting the potential of the biovascular pancreas technology platform to overcome current limitations of islet cell transplantation and offer an effective way to transplant pancreatic islet cells. Humacyte is developing the biovascular pancreas, or BVP, leveraging its human acellular vessels as a vascular scaffold, to be implanted in an outpatient procedure. The published data expand upon findings presented in June 2021 at the American Transplant Congress 2021 Virtual Connect, which demonstrated that pancreatic islet cells embedded in the outer matrix of an acellular vessel can create a working BVP in preclinical models.
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DFFN | Hot Stocks07:41 EDT Diffusion Pharmaceuticals provides development plans for 2021, 2022 - Altitude Trial: This trial will be a double-blind, randomized, placebo-controlled study which will evaluate the effects of TSC on maximal oxygen consumption, or VO2, and partial pressure of blood oxygen, or PaO2, in normal healthy volunteers subjected to incremental levels of physical exertion while exposed to hypoxic and hypobaric conditions. Diffusion anticipates initiating and completing the Altitude Trial in the fourth quarter of 2021, with topline results available within one to two months of study completion. ILD - DLCO Trial: This trial will be a double-blind, randomized, placebo-controlled study which will evaluate the effects of TSC on the diffusion of carbon monoxide through the lungs in patients with previously diagnosed interstitial lung disease who have a baseline DLCO test result that is abnormal. Diffusion now anticipates initiating the ILD-DLCO Trial in the late fourth quarter of 2021 and completing the trial in the first quarter of 2022, with topline results available within one to two months of study completion. Diffusion expects to announce in the fourth quarter of 2021 the initial indication in which TSC will be studied to support the planned pathway for regulatory approval and to initiate a controlled, clinical outcome study evaluating TSC in the chosen indication during the first half of 2022, funded with cash-on-hand.
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ATEX | Hot Stocks07:38 EDT Anterix, Federated Wireless to offer utilities integrated 900 MHz CBRS services - Anterix and Federated Wireless, a holder of licensed spectrum in the 900 MHz band throughout the U.S., are collaborating to create a new Anterix offer combining dedicated use of Anterix's 900 MHz broadband spectrum paired with Federated Wireless' shared spectrum services that facilitate use of the CBRS band. The new offering, when completed, can facilitate utility access to a multi-band solution for their grid communications deployment.
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HERTF | Hot Stocks07:38 EDT Heritage Cannabis in intellectual property pact with Avicanna - Heritage Cannabis Holdings announces that the company has entered into an exclusive intellectual property licensing and royalty agreement with Avicanna , a biopharmaceutical company focused on the development, manufacturing, and commercialization of plant-derived cannabinoid-based products. The Licensing Agreement is for the commercialization of a number of Avicanna's advanced CBD-based topical products under Heritage's medical cannabis brands targeting patients registered to purchase medical cannabis in Canada. The Branded Products include Avicanna's proprietary cannabinoid topical formulations developed through years of extensive research by Avicanna's team of scientists. The specific products are all supported with pre-clinical studies in addition to two of the SKUs that are supported by completed human studies. The Branded Products are planned to launch by Q4 2021 through Heritage's extensive medical sales channels in Canada and aim to address unmet medical needs of the mass market with evidence-based and standardized cannabinoid products. Under the Licensing Agreement, which has an initial three-year term, Avicanna has exclusively licensed, subject to certain conditions and exceptions, the use of certain proprietary product formulations to Heritage to be marketed and sold under Heritage's medical Opticann branded products in non-competing medical channels in Canada. Heritage is required to meet certain minimum sales requirements every year for each Branded Product licensed under the Licensing Agreement and will pay Avicanna a royalty for each product sold to its medical consumers.
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ATEX | Hot Stocks07:37 EDT Anterix, Federated Wireless Collaborate to Offer Integrated 900 MHz / CBRS Serv - Anterix and Federated Wireless, a holder of licensed spectrum in the 900 MHz band throughout the U.S., are collaborating to create a new Anterix offer combining dedicated use of Anterix's 900 MHz broadband spectrum paired with Federated Wireless' shared spectrum services that facilitate use of the CBRS band. The new offering, when completed, can facilitate utility access to a multi-band solution for their grid communications deployment.
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CHPT | Hot Stocks07:35 EDT ChargePoint acquires eBus electrification firm ViriCiti for EUR 75M - ChargePoint Holdings, announced it acquired ViriCiti, "a leading provider of electrification solutions for eBus and commercial fleets," said the company. ChargePoint acquired ViriCiti for a total purchase price of approximately EUR 75 million in cash, subject to adjustments. The ViriCiti team, customer accounts and technology will become part of ChargePoint's operations. Along with the pending acquisition of leading European e-mobility technology provider hastobe, this transaction confirms ChargePoint's commitment to the electrification of fleet and commercial segments in North America and Europe. ViriCiti will enhance the ChargePoint fleet solution portfolio of hardware, software and services by integrating information sources to optimize electric fleet operations, including battery management, charging station monitoring, OEM-agnostic telematics, vehicle maintenance and vehicle operations data. The combined solution will enable fleets to identify what routes to electrify, monitor and report on uptime, optimize fueling to ensure operational readiness at low cost, and integrate vehicle and charging station management. Working with existing systems of record enables ChargePoint to deliver the most complete set of solutions for electric fleet operators, ensuring success from initial infrastructure buildout to optimization and growth.
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KLDO | Hot Stocks07:34 EDT Kaleido Biosciences provides updates on upcoming milestones - Topline data from the non-IND clinical study of KB295 in patients with mild-to-moderate ulcerative colitis are expected by the end of the third quarter. Additional data from the observational clinical study of KB109 in patients with mild-to-moderate COVID-19 are expected by the end of the third quarter. In August, Kaleido announced a collaboration with the COPD Foundation that is on track to initiate a Phase 2 clinical study of KB109 in patients with chronic obstructive pulmonary disease in the first quarter of 2022.
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PACX... | Hot Stocks07:33 EDT Acorns hires Twitter executive Rich Sullivan as CFO - Acorns Grow has appointed veteran finance executive, Rich Sullivan, as CFO ahead of its expected public listing. Sullivan joins Acorns from Twitter (TWTR) where he led Corporate Finance and FP&A. His extensive public company experience spans two decades and includes roles in Corporate Finance, Treasury, Merger & Acquisitions and Investor Relations. Prior to Twitter, Sullivan held executive positions at STX Entertainment and DreamWorks Animation where he served as the company's Deputy CFO during his tenure. He has also held various roles at AT&T (T). In May, Acorns announced its plans to go public through a definitive business combination agreement with Pioneer Merger Corp. (PACX).
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GRTS | Hot Stocks07:32 EDT Gritstone to host KOL webinar on neoantigen oncology programs - Gritstone bio announced that it will host a key opinion leader webinar on its neoantigen oncology programs for colorectal cancer on Wednesday, August 18, 2021 at 11am Eastern Time. The webinar will feature a presentation by KOL Michael J. Overman, M.D., University of Texas MD Anderson Cancer Center, who will discuss the treatment paradigm and substantial unmet medical need of patients with colorectal cancer and the value of novel biomarkers such as ctDNA in both the design of clinical trials and the assessment of clinical benefit with cancer immunotherapy. Gritstone's Chief Executive Officer, Dr. Andrew Allen, will also speak on the company's approach to oncology through the use of tumor-specific neoantigens. These critical targets are unique to tumor cells and can be recognized and targeted for destruction by the patient's own immune system. Dr. Allen will then preview the near-term comprehensive data update being presented in September during the European Society of Medical Oncology from the Phase 1/2 GRANITE program which has completed enrollment. Long-term follow-up data on patients presented in July 2020 plus new patient data will be presented that address the key question of whether GRANITE-elicited robust CD8+ T cell responses confer clinical benefit in challenging, end-stage patients.
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AGFY | Hot Stocks07:31 EDT Agrify announces second TTK partnership with True House Cannabis - Agrify announced it has signed a definitive agreement with its second Agrify Total Turn-Key Solution customer, True House Cannabis. Under the terms of the Agreement, Agrify will work with THC on the build-out of its 22,000 square foot facility, including the installation of 159 of Agrify's Vertical Farming Units along with integrated catwalks, integrated grow racks, and pest mitigation solutions. Agrify will also provide senior financing of up to $7M to fund the construction of the Facility, which is expected to be repaid within 30 months following the commencement of the first commercial production at the Facility. In addition, Agrify will receive fixed SaaS revenue derived from THC's use of the Agrify Insights cultivation software, as well as additional production-based fees and brand licensing fees. The deal is expected to generate up to $45.3M in revenue over the 10-year contract period.
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FGEN | Hot Stocks07:30 EDT FibroGen trading resumes
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AKUS | Hot Stocks07:29 EDT Akouos announces European Commission designation of AK-OTOF - Akouos announced that the European Medicines Agency Committee for Orphan Medicinal Products issued a "positive" opinion on the company's application for orphan drug designation for AK-OTOF, a gene therapy intended for the treatment of otoferlin gene-mediated hearing loss. The positive opinion was subsequently adopted by the European Commission. AK-OTOF was previously granted Orphan Drug Designation and Rare Pediatric Disease Designation by the U.S. Food and Drug Administration for this same indication. Orphan drug designation in the European Union is granted by the European Commission based on an opinion issued by the EMA COMP. An orphan drug designation provides a number of benefits, including fee reductions, regulatory assistance, and the possibility to apply for a centralized European Union marketing authorization. Marketing authorization for an orphan drug can lead to a ten-year period of market exclusivity.
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MIRO... | Hot Stocks07:27 EDT Miromatrix announces key strategic investors to advance liver, kidney programs - Miromatrix Medical (MIRO) announced strategic investors involved in its Series C financing, which was followed by its June 24th IPO. The company outlined clinical initiatives and operational expansions as part of its investment plan for 2021 and 2022 focused on their liver and kidney programs. The additional funding will help accelerate Miromatrix' progress towards initiating a clinical trial of its External Liver Assist Product. The trial, which is expected to begin in the second half of 2022, will assess the function of a bioengineered liver in humans via an external application. It will serve as a milestone in the ongoing research efforts to develop fully transplantable livers and kidneys, addressing the enormous unmet need for thousands of patients in the U.S. each year. The Series C round was led by the venture capital investment arm of Baxter (BAX), with participation by CareDx (CDNA) and DaVita (DVA) as strategic investors in the Company. DaVita originally invested in Miromatrix in 2018, leading its Series B-2 round, and it also provided bridge financing for the Series C round.
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ITPOF | Hot Stocks07:27 EDT Intertape Polymer board raises annualized dividend 7.9% to 68c per share - On August 10, 2021, the Board of Directors amended the Company's quarterly policy to increase the annualized dividend by 7.9% from $0.63 to $0.68 per common share. The Board's decision to increase the dividend was based on the Company's strong financial position and positive outlook. Accordingly, on August 10, 2021, the Company declared a quarterly cash dividend of $0.17 per common share payable on September 30, 2021 to shareholders of record at the close of business on September 16, 2021.
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CLNN | Hot Stocks07:25 EDT Clene enters into two leases to expand manufacturing capacity of CNM-Au8 - Clene, along with its subsidiaries "Clene" and its wholly owned subsidiary Clene Nanomedicine, announced the completion of two lease agreements that will more than quadruple the company's manufacturing capacity for its lead asset, CNM-Au8, a gold nanocrystal suspension. The first of these agreements is a ten year lease for a manufacturing space located at 100 Chesapeake Boulevard, Elkton, Maryland. The 74,210 sq. ft. building will be redeveloped to support Clene's proprietary electrochemical processes for manufacturing CNM-Au8 and will materially increase its manufacturing capacity in advance of the expected H1 2022 data release from its Phase 3 registration trial evaluating CNM-Au8 as a treatment for amyotrophic lateral sclerosis. Clene expects redevelopment to commence within weeks and plans on partial occupancy with a few months and Phase 1 of production to be underway in the first half of 2022. Simultaneously, Clene entered into a seven year lease to further expand its existing manufacturing capacity at its site located at 500 Principio Parkway West, North East, Maryland to a total of 32,229 sq. ft. This expansion enables additional R&D and manufacturing capacity for CNM-Au8 and further positions Clene to address its potential long-term needs in its efforts to treat the neurodegenerative diseases of ALS, multiple sclerosis and Parkinson's disease.
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VERX | Hot Stocks07:23 EDT Vertex launches cloud-based solution for VAT-compliance - Vertex announced the availability of the Vertex Cloud VAT Compliance solution with advanced features that support the changing tax environment across Europe and other countries that require the digitalization of value-added tax and goods and services tax. The solution centralizes and streamlines compliance as companies enter new territories and indirect tax filings become more complex. "As VAT legislation complicates an already highly-complex economic and regulatory environment, our next-generation solution can help businesses navigate global compliance challenges," said Vertex CEO David DeStefano. "We are a trusted technology provider with a long history of customer co-innovation that accelerates time-to-value, and leveraged this proven approach to introduce a cloud solution for VAT that supports the digital transformation of tax." The advanced VAT compliance solution features integrated customizable rule-based data quality and validation tools, as well as workflow automation that maximizes data and return accuracy and minimizes risk of liability. Signature-ready returns and reports have been expanded for countries in Europe, Latin America, Asia, and Africa; and evolving VAT legislation including One Stop Shop, as well as real-time reporting.
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CAN PXLW | Hot Stocks07:22 EDT Canaan to invest $3.1M in Pixelworks subsidiary - Canaan, (CAN) through its wholly-owned subsidiary, Hangzhou Canaan Creative Information, has entered into an agreement with Pixelworks Semiconductor Technology or PWSH, a subsidiary of Pixelworks (PXLW), to invest approximately $3.1M in cash in exchange for an equity interest in PWSH, subject to certain closing conditions. Canaan's investment in PWSH is under a Capital Increase Agreement that Pixelworks and PWSH entered with certain private equity and strategic investors besides Canaan, in addition to an ESOP program of PWSH. Under the Capital Increase Agreement, PWSH has also agreed to attempt to complete all requirements to qualify to file an application for a qualified initial public offering such that the QIPO is consummated prior to June 30, 2024, for the Investors. PWSH designs, manufactures and sales visual display processing semiconductors and custom application specific integrated circuits solutions for video applications, advanced media processing, and the delivery and streaming of video in the target markets of smartphones, tablets, digital projection systems, high-quality video infrastructure equipment, and over-the-air streaming devices.
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DMGGF | Hot Stocks07:20 EDT DMG Blockchain Solutions appoints Heather Sim as CFO - DMG Blockchain Solutions announced the appointment of Heather Sim as CFO, replacing Ryan Cheung, formerly CFO and Corporate Secretary, and John Kim as Corporate Secretary. Heather Sim is a CPA with previous experience working in public audit and currently assists public companies navigate regulatory markets in Canada and the US. Heather has been leading DMG's public reporting for the last two years and it is a natural progression for her to formally move to CFO. John Kim has more than 23 years of experience, starting as a securities paralegal at various law firms and then moving on as corporate secretary to a number of public companies listed on the TSX and TSX-V. Both join DMG from Vancouver-based ACM Management Inc, an accounting firm that provides financial reporting assistance to public companies.
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KMDA | Hot Stocks07:17 EDT Kamada completes workforce downsizing in Q2 - In connection with the transition of GLASSIA manufacturing to Takeda, during the second quarter of 2021, the Company largely completed the planned workforce downsizing and incurred a one-time expense of $0.6 million related to excess severance remuneration for the employees who were laid-off as part of this downsizing. The downsizing process is expected to result in an annualized reduction of approximately 10% in overall labor costs.
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KMDA | Hot Stocks07:17 EDT Kamada completes workforce downsizing in Q2 - In Connection with the Transition of GLASSIA Manufacturing, Kamada Largely Completed a Workforce Downsizing in the Second Quarter that will Result in an Approximately 10% Annual Labor Cost Reduction.
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WISA | Hot Stocks07:16 EDT LG QNED Mini LED TV lineup receives WiSA ready certification - "WiSA announced that LG Electronics' recently-launched QNED Mini LED TVs, have been certified as WiSA Ready further expanding its lineup of existing WiSA Ready TV models. The launch marks the fourth WiSA Ready product family rollout from LG this year, which also includes the brand's latest award-winning LG OLED TVs and LG NanoCell TVs as well as its CineBeam laser projector. Being the first Mini LED TVs with WiSA Ready capabilities, LG's QNED Mini LED TVs easily connect to WiSA USB Transmitters, allowing seamless wireless audio and control communication with all WiSA Certified speakers from well-known brands like Bang & Olufsen, HARMAN, Klipsch, System Audio and many more. "This series truly represents the dawn of a new era for LED TVs," said Tim Alessi, LG USA's senior director of home entertainment product marketing. "Consumers can expect high-end brightness levels and support of Dolby Vision HDR, Dolby Atmos, hands-free voice control and more. We are excited to continue the momentum and bring forth new and exciting TVs that present wireless home cinema options through integrated WiSA technology,s" said the company.
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WEN | Hot Stocks07:15 EDT Wendy's raises 2025 target for new restaurants to 8,500-9,000 globally - The Company announced today a development commitment by REEF to open and operate 700 delivery kitchens over the next five years across the U.S., Canada, and the United Kingdom. This commitment is building on the successful test of eight delivery kitchens that opened in Canada. The Company expects REEF to open approximately 50 delivery kitchens in 2021 with the remainder being opened in 2022-2025. The Company announced today the creation of a $100 million strategic build to suit development fund to drive additional new restaurant growth that is being funded by the additional cash that was obtained as part of the Company's debt refinancing completed in the second quarter. We are expecting that this program, along with newly implemented lower and more competitive liquidity and net worth requirements for new franchisees, will transform how we recruit and engage diverse franchisees into the brand. The Company expects the development fund to drive approximately 80-90 new franchise restaurants in 2022-2025. The Company also provided an update on the successful completion of its 2021 "Groundbreaker" new restaurant incentive program. As part of this program, the Company received incremental commitments for approximately 240 new restaurants in the U.S. and Canada that will help to solidify its significant growth plans over the next several years.
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RPRX | Hot Stocks07:14 EDT Royalty Pharma sees 2021 adjusted cash receipts $2.08B-$2.12B - This Adjusted Cash Receipts guidance includes a $37 million milestone payment related to Soliqua performance which is expected to be paid in the third quarter of 2021. Royalty Pharma also expects payments for operating and professional costs to be approximately 9% to 10% of Adjusted Cash Receipts in 2021. Royalty Pharma expects interest paid to be approximately $130 million for the full year of 2021. Based on the semi-annual interest payment schedule of Royalty Pharma's existing bonds, interest paid is anticipated to be $64 million in the third quarter with a de minimis amount recorded in the fourth quarter. The projection assumes no additional debt financing in 2021. Royalty Pharma anticipates the first semi-annual interest payment on the 2021 Notes to be due in March 2022 and to increase annual interest paid by approximately $36 million, resulting in total expected interest paid to be approximately $170 million in 2022. Additionally, Royalty Pharma expects other income, net, to reflect a $16 million one-time cash payment in the third quarter of 2021 related to the bond offering.
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WEN | Hot Stocks07:13 EDT Wendy's adds $10M to incremental investment in breakfast advertising in 2021 - The company announced a $10M incremental investment in breakfast advertising in 2021, taking the company's total expected incremental investment to $25M for the year. The company expects that this incremental investment will continue to drive trial and acceleration of the company's breakfast offering. The company remains committed to growing its breakfast business to 10% of sales by the end of 2022.
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CHK | Hot Stocks07:11 EDT Chesapeake raises 2021 total production view to 415-435 from 410-420 MBOE/d - Sees 2021 oil production 23.5-25.5 mmbbl, gas production 725-745 bcf. Pending the successful closing of the Vine transaction in Q4, Chesapeake's preliminary plan is to operate 10 to 12 rigs in 2022, with 8 to 9 rigs focused on its gas portfolio and 2 to 3 rigs concentrating on its oil assets. The company will maintain its commitment to a disciplined capital reinvestment strategy, anticipating a 2022 reinvestment rate of 50 - 60%. At NYMEX strip pricing as of July 30, 2021, this preliminary capital program is anticipated to generate between $2.55 billion to $2.75 billion in total adjusted EBITDAX. Chesapeake also anticipates this preliminary capital program will result in its average annual 2022 oil production remaining flat from 2021 fourth quarter average levels.
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WEN | Hot Stocks07:10 EDT Wendy's raises FY21 adjusted EBITDA view to $465M-$475M from $455M-$465M - Raises FY21 cash flows from operations view to $350M-$370M from $330M-$350M; free cash flow to $270M- $280M from $250M-$260M. Sees FY21 CapEx $80M-$90M.
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OPTN | Hot Stocks07:09 EDT Optinose provides FY21 guidance, upcoming milestones - XHANCE Net Revenue and Average Net Revenue per Prescription: The company expects XHANCE net revenue for the full year of 2021 to be at least $80M. In addition, the company expects full year 2021 XHANCE net revenue per prescription to be greater than $200. Operating Expenses: The company expects total GAAP operating expenses for 2021 to be in the range of $137M-$142M, of which the company expects stock-based compensation to be approximately $10 million. Chronic Sinusitis Clinical Trials: The company has completed enrollment in the first of its two clinical trials evaluating XHANCE as a potential treatment for chronic sinusitis and expects top-line results in the first quarter of 2022. The Company expects to complete patient enrollment in its second clinical trial in the fourth quarter of 2021 and to have top-line results in the second quarter of 2022.
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CHK VEI | Hot Stocks07:08 EDT Chesapeake to acquire Vine Energy for $2.2B - Chesapeake (CHK) and Vine Energy (VEI) have entered into a definitive agreement pursuant to which Chesapeake will acquire Vine. The acquisition is a zero premium transaction valued at approximately $2.2B, equating to $15.00 per share. Vine shareholders will receive fixed consideration of 0.2486 shares of Chesapeake common stock plus $1.20 cash per share of Vine common stock, for total consideration of $15.00 per share, comprising of 92% stock and 8% cash. Increases Chesapeake's cumulative five-year free cash flow outlook by approximately $1.5B, or 68% of the transaction value, to approximately $6.0B, or 66% of pro forma enterprise value. Immediately accretive to operating cash flow per share, free cash flow per share, free cash flow yield, and GHG emissions profile. Approximately $50M in average annual savings are expected from operating and capital synergies. Expected to increase base dividend by 27% to $1.75 per share post close reflecting cash flow accretion of transaction, subject to Board approval. Upon closing, Chesapeake shareholders will own approximately 86% and Vine shareholders will own approximately 14% of the fully diluted shares of the combined company. The transaction is expected to close in Q4. Funds managed by The Blackstone Group Inc. own approximately 70% of outstanding shares of Vine common stock and have entered into a support agreement to vote in favor of the transaction.
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WEN | Hot Stocks07:08 EDT Wendy's raises share repurchase authorization by $70M - The company announced that its Board of Directors has approved an increase to the company's existing share repurchase authorization by $70M to a total of $220M. The company repurchased 1.2M shares for $27.3M in the second quarter and has repurchased 0.2M shares for approximately $4.4M thus far in the third quarter. As of the date of this release, approximately $100M remains available under the company's newly increased $220M share repurchase authorization that expires in February 2022.
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SCPH | Hot Stocks07:07 EDT scPharmaceuticals targets resubmission of FUROSCIX NDA in Q4 - Completed Type C meeting with the U.S. Food and Drug Administration and received minutes that confirm alignment on the path toward resubmission of the FUROSCIX New Drug Application. No additional clinical data or device modifications required at this time. Subject to West Pharmaceutical Services' completion of its portion of the regulatory filing, the Company is targeting the resubmission of its NDA in the fourth quarter of this year and anticipates a six-month review by the FDA.
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SCPH | Hot Stocks07:06 EDT scPharmaceuticals expects 2021 net loss $30M-$34M - Based on its current operating plan, the Company expects its net loss for 2021 to be in the range of $30.0 to $34.0 million for the fiscal year, a decrease over prior guidance of $32.0 to $36.0 million.
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SCPH | Hot Stocks07:05 EDT scPharmaceuticals expects cash to fund operations into 2023 - scPharmaceuticals ended the second quarter with $90.2 million in cash, cash equivalents, restricted cash and investments, compared to $105.3 million as of December 31, 2020, The Company believes its cash, cash equivalents, restricted cash and investments are sufficient to fund operations into 2023.
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VRDN | Hot Stocks07:05 EDT Viridian Therapeutics provides updates on upcoming milestones - VRDN-001: The company remains on track to file an IND in the fourth quarter of 2021, with initial proof of concept clinical data in TED patients expected in the second quarter of 2022. VRDN-002: IND-enabling activities remain on track with plans to file an IND by the end of 2021. The Company expects to initiate clinical development with a Phase 1 single ascending dose trial to explore safety, tolerability, pharmacokinetics, and target engagement of intravenous VRDN-002 in healthy volunteers. Data from this trial are expected by mid-year 2022, and could demonstrate feasibility of a low-volume and/or low-frequency dosing paradigm. In parallel, formulation development is on track to support initiation of a clinical trial evaluating low-volume subcutaneous injection of VRDN-002 in 2022. Discovery Pipeline: The Company continues to evaluate additional opportunities to expand its product pipeline for rare disease indications and remains focused on opportunities to leverage validated mechanisms and technologies to bring new therapeutic options to patients underserved by current therapies.
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VRDN | Hot Stocks07:05 EDT Viridian Therapeutics sees cash, cash equivalents fund operations into 2024 - Cash, cash equivalents and short-term investments were $109.3M as of June 30, 2021, compared to $127.6M as of December 31, 2020. The Company believes that its current cash, cash equivalents and short-term investments will be sufficient to fund its operations into 2024.
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WEN | Hot Stocks07:04 EDT Wendy's raises quarterly dividend 20% to 12c per share - Payable on September 15 to stockholders of record as of September 1.
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WEN | Hot Stocks07:03 EDT Wendy's reports Q2 U.S. systemwide sales growth of 20.6% - Reports Q2 International systemwide sales growth 48.2%; Global 22.9%.
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FGEN | Hot Stocks07:02 EDT FibroGen: FDA will not approve roxadustat NDA in present form - FibroGen announced that the U.S. Food and Drug Administration has issued a complete response letter regarding the New Drug Application for roxadustat for the treatment of anemia of chronic kidney disease. The letter indicates the FDA will not approve the roxadustat NDA in its present form and has requested additional clinical study of roxadustat be conducted, prior to resubmission. Roxadustat is approved in China, Japan, Chile, and South Korea for the treatment of anemia of CKD in both non-dialysis-dependent and dialysis-dependent adult patients and has received a positive opinion from the Committee for Medicinal Products for Human Use, the European Medicines Agency's committee responsible for human medicines. The European Commission decision is expected by the end of August.
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WEN | Hot Stocks07:02 EDT Wendy's reports Q2 U.S. same-restaurant sales growth 16.1% - Reports Q2 International same-restaurant sales growth of 31.4%; global 17.4%.
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CAH CVS | Hot Stocks06:58 EDT Cardinal Health extends agreements with CVS Health through 2027 - Cardinal Health (CAH) announced that it has extended its agreements with CVS Health (CVS) to distribute pharmaceuticals to retail pharmacies and distribution centers through June 30, 2027. "We value our long-standing partnership with CVS Health, and we are honored to continue our important work together to bring our best-in-class abilities together for their customers," stated Mike Kaufmann, CEO of Cardinal Health.
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FGEN | Hot Stocks06:55 EDT FibroGen trading halted, news pending
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ENR | Hot Stocks06:54 EDT Energizer announces 75M accelerated share repurchase plan - Energizer announced it has entered into an agreement to repurchase an aggregate of $75M of its common stock in an accelerated share repurchase program with JPMorgan Chase, National Association. This equates to approximately 1.9M shares, at the closing price on August 10 and represents approximately 2.6% of Energizer's fully diluted outstanding stock. The company is expected to fund the ASR program using available cash on hand and revolver borrowings. The company will repurchase shares under the ASR Program as part of its existing 7.5M share repurchase authorization, which was approved by its board of directors in November 2020.
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SON | Hot Stocks06:48 EDT Sonoco Products increasing prices for paperboard tubes and cores by 8% - Sonoco will raise the price for all paperboard tubes and cores by a minimum of 8%, effective with shipments in the United States and Canada, on or after September 10.
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LAZ | Hot Stocks06:48 EDT Lazard reports preliminary AUM $278.4B as of July 31 - The month's AUM included market appreciation of $2.2B, net outflows of $1.1B and foreign exchange depreciation of $0.2B.
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NFE | Hot Stocks06:45 EDT New Fortress Energy signs natural gas supply agreement with Brazil's Unigel - New Fortress Energy has executed two Gas Supply Agreements with subsidiaries of Unigel Participacoes to supply natural gas to the Unigel Agro-BA and Unigel Agro-SE fertilizer plants in the Brazilian states of Bahia and Sergipe, respectively. The agreements also include an option to supply Unigel's chemicals facility in Candeias, state of Bahia, Brazil. In total, NFE expects to supply Unigel with up to 41 Tbtu of natural gas annually, equivalent to approximately 1.4 million gallons of LNG per day, for a 5-year term beginning in Q1 2022. Unigel's Fertilizer Plants are capable of producing over 3,000 tons per day of urea in total.
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GEF | Hot Stocks06:39 EDT Greif announces $70 per ton increase on URB, 8.5% increase on packaging products - Greif announced that it is implementing a $70 per ton price increase for all grades of uncoated recycled paperboard, or URB, and an 8.5% increase on all tube and core and protective packaging products. The uncoated recycled paperboard increase is effective immediately with new orders and shipments on and after September 13. This is in addition to the $50 per ton price increase implemented on July 26. The tube and core and protective packaging products increase is effective with shipments on and after September 24. This is in addition to the 6% price increase implemented on August 6. These price increases are in response to continued robust demand across the Greif paperboard network and ongoing cost pressures with raw materials, labor and transportation.
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FTCI | Hot Stocks06:32 EDT FTC Solar sees 'sequential revenue growth ' for 2H21 - Looking ahead, the company expects to see sequential revenue growth for the remainder of the year. The third quarter should see improved revenue; however, a continued worsening of logistics costs will delay improvement in profitability until the fourth quarter. In the fourth quarter, the company expects to see significant sequential revenue growth and a transition toward profitability, driven by the timing of deliveries on contracted projects, cost-saving initiatives and the implementation in the quarter of alternative shipping methods.
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EUSG | Hot Stocks06:12 EDT ADS-TEC Energy to go public through European Sustainable Growth Acquisition deal - ADS-TEC Energy and European Sustainable Growth Acquisition Corp., a publicly traded special purpose acquisition company focused on identifying Europe-based, technology-enabled businesses that utilize green technologies, announced that they have entered into a definitive business combination agreement. Upon the closing of the transaction the combined entity will be named ADS-TEC Energy and remain listed on the Nasdaq Capital Market. A substantial portion of the proceeds from the transaction will be used to accelerate the expansion of ADS-TEC Energy's storage solutions, charging and energy management platforms in the U.S. and Europe and continue the development and enhancement of the company's existing technology platforms. To facilitate that expansion, ADS-TEC Energy intends to increase its U.S. presence and operations. The pro forma market capitalization of the combined company is approximately $580M. EUSG has also secured commitments of a fully subscribed $156M in a Private Investment in Public Equity, or PIPE, at $10 per share, that is anticipated to close one business day prior to the business combination. Investors in the PIPE include, amongst others, APG, Invesco, Polar Structure and SwedbankRobur. A portion of the proceeds from the PIPE will be used to fund the cash consideration required to effect the business combination. ADS-TEC Energy is currently 61% owned by ADS-TEC Holding and 39% owned by Bosch Thermotechnik. ADSH, Bosch and EUSG's sponsors are substantially participating in the PIPE. ADSH is 100% owned by the family of the CEO and his family's charitable foundation; the CEO has a majority of the votes in ADSH. A substantial portion of the funds from the transaction will be used to accelerate the development of ADS-TEC Energy's charging platforms and expand the company's reach into the United States and Europe. The boards of directors of both ADS-TEC Energy and EUSG have unanimously approved the transaction, which is expected to be completed in Q4. Completion of the proposed transaction is subject to, among other things, the approval of the shareholders of EUSG, satisfaction of the conditions stated in the definitive agreement and other customary closing conditions.
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BDX JNJ | Hot Stocks06:07 EDT Becton Dickinson announces Christopher DelOrefice as CFO - Becton Dickinson (BDX) announced that Christopher DelOrefice has been named executive vice president and chief financial officer, or CFO, effective September 6. DelOrefice succeeds Christopher Reidy, who announced his intent to retire from BD last week. DelOrefice, 50, will join BD from Johnson & Johnson (JNJ), where he is currently vice president of investor relations.
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EYES | Hot Stocks06:07 EDT Second Sight receives new $156K NIH grant supplement for Orion study - Second Sight received a grant supplement from the National Institutes of Health to fund a qualitative study to gather critical insights into how profoundly blind people weigh the risks and benefits of visual neuroprostheses. The study will help the company better understand acceptable risks, necessary benefits, and appropriate risk/benefit balance for visual cortical prostheses, from the perspective of the target population. The entirety of the $155,964 grant supplement will be provided to UCLA as a subcontractor to conduct the study. The grant supplement is related to the $6.4M NIH grant for the Early Feasibility Clinical Trial of a Visual Cortical Prosthesis. Second Sight reported promising two-year data from the Orion trial on May 12.
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BLI BAYRY | Hot Stocks06:05 EDT Berkeley Lights announces multi-year agreement with Bayer - Berkeley Lights (BLI) announced a multi-year agreement with Bayer (BAYRY) to develop and perform high-throughput functional screening workflows aimed at accelerating and expanding the discovery of novel traits. Terms of the agreement were not disclosed. Berkeley Lights will leverage its platform to screen individual variants of bioactives for Bayer in a massively high-throughput manner. The outcome will be a significant acceleration of the agricultural leader's pipeline for discovery and development of novel traits. This agreement marks the first application of Berkeley Lights' technology for use in the agricultural sector.
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HYZN | Hot Stocks05:47 EDT Hyzon Motors signs 30-day trial agreement with TTSI for electric truck - Hyzon announced the signing of a trial agreement with Total Transport Services, or TTSI, a port trucking company in Southern California and a provider of logistics services with expertise in distributing imports within the U.S. and Canada. Under the agreement, Hyzon will provide a Class 8 heavy-duty fuel cell electric truck to TTSI for a 30-day trial in Q4. The truck, built on a 2022 Freightliner Cascadia chassis, is expected to have 600 peak horsepower and a range of up to 400 miles. Because of those specifications, the truck can be placed into TTSI's existing operations, hauling up to 82,000 pounds of gross combined vehicle weight, a standard load for TTSI, and taking advantage of the public heavy-duty hydrogen refueling station in Wilmington, California, nearby TTSI's Long Beach Custom's House operations. The trial will mark TTSI's first experience with a zero-emissions vehicle capable of 400 miles range.
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PAAS | Hot Stocks05:25 EDT Pan American Silver reports reserves of 529M ounces silver, 4.2M ounces gold - Pan American Silver reported its estimated mineral reserves and resources as of June 30. Proven and probable mineral reserves are estimated to contain approximately 529M ounces of silver and 4.2M ounces of gold. Measured and indicated mineral resources are estimated to total approximately 818M ounces of silver and 8.3M ounces of gold. In addition, inferred mineral resources total 460M ounces of silver and 5.8M ounces of gold. Although the Timmins' exploration program and surface drilling for the La Colorada skarn exploration continued as planned, Pan American's overall exploration activities for the year were reduced by about 50% due to COVID-19 restrictions in Latin America. For the 12-month period ending June 30, Pan American's producing mines replaced 8M ounces of silver mineral reserves and 98,000 ounces of gold mineral reserves. Total reserves were impacted by the reclassification of the La Bolsa project from mineral reserves to resources, reducing gold mineral reserves by 315,000 ounces and silver mineral reserves by 4.5M ounces. La Bolsa is a non-core project that the company intends to divest.
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ECL MANU | Hot Stocks05:11 EDT Manchester United enters partnership with Ecolab ahead of welcoming back crowds - Manchester United (MANU) has entered a partnership with Ecolab (ECL) to adopt its solutions across Old Trafford and the Carrington training ground. Manchester United will draw on Ecolab's expertise to create a cleaner environment for fans and promote public health as Old Trafford prepares to open the turnstiles to its largest crowds for 17 months. All areas of United's Old Trafford stadium and Carrington training ground are being equipped with Ecolab hand disinfectant, also used across the National Health Service. A customized textile care solution for United's laundry will deliver improved safety, and sustainability when washing kits and linens; and the Club's groundskeeping team will be advised on how to optimize the quality of water used to irrigate pitches. To maximize the benefits of the partnership, Ecolab has designated an in-house expert to advise Manchester United and oversee implementation of the new solutions and technology across the Club.
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BILI | Hot Stocks05:06 EDT Bilibili announces investor allotment agreement with China Telecom - Bilibili announced that its PRC subsidiary Shanghai Bilibili Technology has entered into a strategic investor allotment agreement with China Telecom and a sponsor for China Telecom's proposed offering of A shares in conjunction with its listing on the Shanghai Stock Exchange. China Telecom is an integrated intelligent information service provider in the PRC with full-service capabilities. Pursuant to the allotment agreement, Shanghai Bilibili is investing an aggregate amount of approximately RMB 500M in China Telecom's newly issued A shares. Based on an offering price of RMB 4.53 per A share, Shanghai Bilibili has been allocated 110,375,000 of the newly issued A shares. Shanghai Bilibili will be subject to 36 months of lock-up obligations over the A shares allocated to it. In addition, Shanghai Kuanyu Digital, an affiliate of Bilibili, entered into a strategic collaboration agreement with China Telecom, to pursue collaboration opportunities in areas including user growth, brand promotion, IDC and cloud services.
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