Stockwinners Market Radar for September 01, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
ETR | Hot Stocks20:42 EDT Entergy restores power to 107K customers impacted by Hurricane Ida - The company states: "Entergy continues to make substantial restoration progress following Hurricane Ida's destructive path through Southeast Louisiana and Mississippi. After three days of restoration work following Hurricane Ida's landfall, Entergy has restored more than 107,000 customers and powered its New Orleans Power Station to achieve first lights overnight to the Greater New Orleans area. The estimated 950,000 customers affected is second only to Hurricane Katrina's 1.1 million who were left without power. Restoration efforts are ongoing, and crews are working to fully assess damage and develop plans to restore affected areas."
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WSM | Hot Stocks19:40 EDT Williams-Sonoma GC sells 20K shares of common stock - In a regulatory filing, Williams-Sonoma disclosed that its General Counsel David King sold 20K shares of common stock on August 30th in a total transaction size of $3.73M, reducing his size by about 55%.
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MGM | Hot Stocks18:11 EDT MGM Resorts launches mobile sports betting in Wyoming - MGM Resorts' BetMGM announced the launch of its industry-leading digital sports betting platform in Wyoming. Wyoming marks the 14th market to offer BetMGM's mobile and online product.
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DRQ | Hot Stocks18:02 EDT Dril-Quip names Jeffrey Bird as CEO, succeeding Blake DeBerry - Dril-Quip announced that its Board of Directors has appointed Jeffrey Bird as its President and CEO, and elected him to the Board, both effective as of January 1, 2022 to replace Blake DeBerry, who will step down at that time. DeBerry will continue to serve as CEO and as a member of the Board until December 31, 2021. Bird, joined Dril-Quip in March 2017 as Vice President and CFO before being promoted to Senior Vice President of Production Operations and CFO in March 2019 and then to President and COO in May 2020. Prior to joining Dril-Quip, Bird served as Executive Vice President and CFO of Frank's International, a provider of engineered tubular services to the oil and gas industry.
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GNPK RDW | Hot Stocks17:53 EDT Genesis Park Acquisition and Redwire shareholders approve business combination - Genesis Park Acquisition and Redwire announced that at GPAC's extraordinary general meeting, GPAC's shareholders voted to approve the previously announced proposed business combination between GPAC and Redwire, as well as all other proposals related to the Business Combination. Approximately 97% of the votes cast at the meeting, representing approximately 73% of GPAC's outstanding shares as of the record date, voted to approve the Business Combination. The business combination is expected to be consummated on or about September 2. Following the consummation of the Business Combination, the combined company will operate as Redwire Corporation and its shares of common stock and warrants are expected to trade on the NYSE beginning on September 3 under the symbols "RDW" and "RDW WS," respectively.
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BGNE | Hot Stocks17:35 EDT BeiGene's Brukinsa granted FDA approval in Waldenstrom's macroglobulinem - BeiGene, Ltd. announced that Brukinsa has received approval from the FDA for the treatment of adult patients with Waldenstrom's macroglobulinemia. "We are delighted by today's FDA approval for Brukinsa in its second indication, offering a new treatment option with demonstrated efficacy and safety benefits for patients with Waldenstrom's macroglobulinemia. As shown in the ASPEN trial, Brukinsa can improve treatment outcomes for these patients and potentially make a positive impact on their lives," commented Jane Huang, Chief Medical Officer, Hematology at BeiGene.
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SYNA | Hot Stocks17:34 EDT Synaptics exec McFarland sells 5,382 common shares - In a regulatory filing, Synaptics SVP and General Counsel John McFarland disclosed the sale of 5,382 common shares of the company on August 31 at a price of $188.43 per share.
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GENI | Hot Stocks17:32 EDT Genius Sports awarded online sports wagering vendor permit by Wyoming - Genius Sports announced that it has been granted a long term Online Sports Wagering Vendor Permit by the Wyoming Gaming Commission. With the addition of Wyoming, Genius Sports is now authorized to operate in 15 U.S. states, powering award-winning official data, streaming, and marketing solutions for leading sportsbooks and lotteries.
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IT | Hot Stocks17:27 EDT Gartner CFO sells 4.3K shares of common stock - In a regulatory filing, Gartner disclosed that its CFO Craig Safian sold 4.3K shares of common stock on August 30th in a total transaction size of $1.31M.
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STLA | Hot Stocks17:20 EDT Stellantis to acquire First Investors Financial Services Group for $285M - Stellantis has entered into a definitive agreement to acquire F1 Holdings Corp., parent company to First Investors Financial Services Group, an independent auto finance company in the U.S., in an all cash transaction for approximately $285M, subject to adjustments for closing balance sheet and certain outstanding options, from an investor group led by Gallatin Point Capital. The acquisition of First Investors allows Stellantis to create a platform from which to grow a full-service captive finance organization. The transaction is expected to close by the end of 2021, subject to customary closing conditions and regulatory approvals.
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CHWY | Hot Stocks17:20 EDT Chewy drops 9% to $79.23 after Q3, FY21 revenue guidance misses estimates
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AEM | Hot Stocks17:16 EDT Agnico Eagle announces $6M investment in Candelaria Mining - Agnico Eagle announced that it has agreed to subscribe for 13,333,333 units of Candelaria Mining Corp. in a non-brokered private placement at a price of $0.45 per Unit for total consideration of approximately $6,000,000. Each Unit is comprised of one common share of Candelaria and one-half of one common share purchase warrant of Candelaria. Each Warrant entitles the holder to acquire one Common Share at a price of $0.65 for a period of 36 months following the closing date of the private placement. Closing is expected to occur on September 30, 2021 and is subject to certain conditions. Agnico Eagle currently owns 10.12M Common Shares, representing approximately 7.8% of the issued and outstanding Common Shares on a non-diluted basis. On closing of the private placement, Agnico Eagle will own 23,453,333 Common Shares and 6,666,667 Warrants, representing approximately 15.94% of the issued and outstanding Common Shares on a non-diluted basis and 19.59% of the issued and outstanding Common Shares on a partially-diluted basis.
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PSB | Hot Stocks17:13 EDT PS Business Parks announces acquisition of Port America for $123M - PS Business Parks announced that it has completed the acquisition of Port America, a 717,735 square foot multi-tenant industrial park located in Dallas, Texas, for a total purchase price of $123.0M. The acquisition was funded in part with $72 million of 1031 exchange proceeds generated from the previously announced dispositions of Park East and Monroe business parks in Northern Virginia, and the remainder of the acquisition price was funded with cash on hand.
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SAIC | Hot Stocks17:11 EDT SAIC awarded $420M Defense Logistics Agency contract modification - SAIC has been awarded a maximum $420M modification exercising the three-year option period of a five-year base contract with one two-year option and one three-year option period for the chemical, petroleum, oil and lubricant program. This is an indefinite-delivery/indefinite-quantity contract. Work has an October 14, 2024, performance completion date. Using customers are Army, Navy, Air Force, Marine Corps, federal civilian agencies and Foreign Military Sales customers. Type of appropriation is FY22 through FY25 defense working capital funds and Foreign Military Sales. The contracting activity is the Defense Logistics Agency.
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BRC | Hot Stocks17:11 EDT Brady raises annual dividend to 90c from 88c per share - A quarterly dividend to shareholders of the company's Class A common stock of 22.5c per share will be paid on October 29 to shareholders of record at the close of business on October 8. This dividend represents the 36th consecutive annual increase in dividends.
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GE | Hot Stocks17:09 EDT General Electric awarded $1.65B Navy contract - General Electric was awarded a not-to-exceed $1.65B firm-fixed-price, indefinite-delivery, performance-based logistics requirements contract for the repair, upgrade or replacement, inventory management, and required supply response times of 17 F414 engine components in support of the F/A-18 aircraft. The contract will include a five-year base period with no options. Work is expected to be completed by August 2026. Annual working capital funds in the amount of $77.1M will be issued for delivery order that will be awarded concurrently with the contract and will initially be obligated at the time of award as an undefinitized contract action, with a commitment of an additional $25.7M for period of performance from September 1 through December 21. Funds will not expire at the end of the current fiscal year. One company was solicited for this non-competitive requirement pursuant to the authority set forth in 10 U.S. Code 2304, with one offer received. Naval Supply Systems Command Weapon Systems Support is the contracting activity.
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HRB | Hot Stocks17:06 EDT H&R Block officer Gerke sells over $516K in shares - H&R Block officer Thomas Gerke disclosed in a regulatory filing that he had sold 20,000 shares of company stock at $25.83 per share on August 31, for a total transaction value of $516,520.
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SRI | Hot Stocks17:03 EDT Stoneridge names Matthew Horvath CFO - Stoneridge announced that Matthew Horvath has been appointed as the company's Chief Financial Officer and Treasurer effective immediately. Horvath replaces Robert Krakowiak, who voluntarily resigned from the company effective August 31, 2021, to pursue other opportunities. "Since joining Stoneridge five years ago, Matt has played an integral role in shaping our transformation. During his tenure, he has supported refining the Company's product portfolio and operations through multiple divestitures, led an award-winning investor relations team, and has been integral in developing and executing our long-term strategic goals. Matt has shown tremendous leadership across the organization, and his robust knowledge of the business and financial acumen will be critical as we further advance our strategy," said Jon DeGaynor, President and Chief Executive Officer of Stoneridge. "Bob has done a terrific job building a strong and disciplined financial team with deep experience and expertise. I thank Bob for his partnership and many contributions over the last five years." Horvath previously served as the company's Executive Director of Corporate Strategy and Investor Relations.
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HOFV | Hot Stocks17:02 EDT Hall of Fame Resort & Entertainment postpones Highway 77 Music Festival - Hall of Fame Resort & Entertainment has postponed the Highway 77 Music Festival as a result of an increase in COVID-19 cases throughout Ohio. The Highway 77 Music Festival, which was scheduled to take place on September 12, is being postponed out of an abundance of caution, and will be rescheduled to a to-be-determined date in summer 2022 - the slate of performers will also be revealed over the coming months. Hall of Fame Village will be automatically issuing full refunds processed to the original method of payment used at the time of purchase.
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AMZN | Hot Stocks16:59 EDT Amazon plans to hire 40,000 plus in more than 220 U.S. locations - In an earlier statement, online retailer and cloud computing firm Amazon said it plans to hire more than 40,000 corporate and tech roles in the United States. The company said: Amazon is hiring for more than 40,000 corporate and tech roles across 220-plus locations in the U.S., as well as tens of thousands of hourly positions in Amazon's Operations network, at Career Day 2021. The virtual event-America's largest training and recruiting effort-aims to help both current and future employees grow their careers. Career Day will take place on September 15, and is open to all, regardless of their level of experience, professional field, or background. Interested attendees can register for free..."We're working hard every day to be the best place for people to have satisfying and fulfilling long-term careers," said Amazon CEO Andy Jassy. "Amazon continues to grow quickly and relentlessly invent across many areas, and we're hoping that Career Day gives both job seekers and current Amazon employees the support they need to learn new skills or reimagine their careers at Amazon or elsewhere." Reference Link
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AI | Hot Stocks16:57 EDT C3.ai falls about 9% to $48.45 after Q1 earnings miss and guidance
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CHPT | Hot Stocks16:52 EDT ChargePoint jumps over 11% to $23.70 after Q2 results, raised FY22 guidance
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CHAQ RCOR | Hot Stocks16:48 EDT Chardan Healthcare Acquisition stockholders approve Renovacor combination - Chardan Healthcare Acquisition 2 (CHAQ) announced the results for the proposals considered and voted upon by its stockholders at its special meeting held on September 1 regarding the proposed business combination with Renovacor, an early-stage biotechnology company developing adeno-associated virus-based gene therapies for devastating cardiovascular and central nervous system diseases resulting from BAG3 gene variants. CHAQ reported that all of the various proposals giving effect to the previously announced business combination between CHAQ and Renovacor were approved by approximately 97.3% of the shares of CHAQ common stock voted at the Special Meeting. The closing of the business combination is expected to take place on September 2. Following the closing of the business combination, the combined company will be renamed "Renovacor, Inc." and its common stock and warrants are expected to commence trading on the NYSE under the ticker symbols "RCOR" and "RCOR.WS", respectively, on September 3, 2021. Renovacor will continue to operate under its existing management team led by its CEO Magdalene Cook. The deadline for electing redemptions of CHAQ common stock has passed and the transaction will provide gross proceeds of approximately $95.1M, including $30.0M from the concurrent closing of a previously announced private placement investment in public equity financing.
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LOGI | Hot Stocks16:45 EDT Logitech expands enterprise offering, launches wireless technology Logi Bolt - Logitech announced the expansion of its enterprise business offerings to include individual work setup solutions in addition to existing, industry-leading meeting room video conferencing technologies to meet the evolving needs of today's enterprise IT - from the hybrid workplace to global connectivity - to enhance the overall employee experience. Powering this expansion is the introduction of Logi Bolt, a new high-performance, secure wireless technology offering that provides a solution to key imperatives for enterprise IT - secure wireless connection, robust wireless signal and cross-platform compatibility for mice and keyboards. Logitech is bringing Logi Bolt to the enterprise on a global scale to drive enhanced productivity. "For decades, consumers have trusted Logitech to deliver products that help them create, communicate, work and learn at home and on-the-go. Now we look to expand that expertise to employers and offer a stellar employee experience as they evolve their requirements in a rapidly changing landscape," said Joseph Mingori, GM of B2B for Creativity and Productivity at Logitech. "We have redefined our enterprise offering to support individual work setup solutions on a global scale while launching our new, wireless technology solution - Logi Bolt - enabling secure and robust connections to meet today's evolving business needs. These offerings prioritize the needs of enterprise IT to keep their diverse workforces productive, collaborative and secure no matter where they work."
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IR FLOW | Hot Stocks16:42 EDT Ingersoll-Rand will not participate in SPX Flow strategic alternatives process - Ingersoll Rand (IR) confirmed it will not participate in the SPX Flow (FLOW) strategic alternatives process announced by SPX Flow on July 26. Ingersoll Rand also announced its comprehensive capital allocation strategy noting M&A remains the focal point with a robust strategic, growth-oriented funnel. The company will share further details on a capital allocation strategy call on September 2 at 8 a.m. Eastern Time.
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IR | Hot Stocks16:40 EDT Ingersoll-Rand launching 2c quarterly dividend in Q4, $750M share repurchase - Ingersoll Rand announced a comprehensive M&A focused capital allocation strategy. The company is focused on deploying capital to continue its transformation to a high growth and margin portfolio powered primarily through organic investments and an M&A focused capital allocation strategy. M&A remains the focal point of the Ingersoll Rand capital allocation framework. The board approved the initiation of a 2c per share quarterly dividend program. Ingersoll Rand expects to commence the dividend program in Q4. The board also authorized a new share repurchase program of $750M. The company is committed to maintaining and using its flexible balance sheet over various business cycles with a target net leverage ratio of less than2.0x.
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JBI | Hot Stocks16:38 EDT Janus International Group acquires Access Control - Janus International Group announced its acquisition of Access Control, or ACT, a provider of self-storage access control and low voltage installation and integration services. ACT's integration will help support the rapid growth of the Noke Smart Entry system. ACT, while continuing to operate under its own brand, will merge into Janus' expansive and experienced field services team.
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VIVO | Hot Stocks16:34 EDT Meridian Bioscience expands recall of LeadCare test kits - Meridian Bioscience's wholly owned subsidiary, Magellan Diagnostics, expanded the Class I recall of its LeadCare II Blood Lead Test Kits, LeadCare Plus Blood Lead Test Kits, and LeadCare Ultra Blood Lead Test Kits for the detection of lead in whole blood. In May, Magellan initiated this voluntary recall after identifying an ongoing issue with testing of the controls included in the LeadCare Test Kits. Magellan continues to investigate this issue and has conducted testing to evaluate potential root causes. Magellan received reports that control tests of either the "Low-Control" and/or the "High-Control" generated a "low" result. Magellan initiated the recall because the impacted LeadCare Test Kits lots could potentially underestimate blood lead levels when processing patient blood samples. Magellan is notifying customers and distributors affected by the recall. Product distribution has been paused until further notice and replacement product is currently unavailable. The FDA has been notified of this recall.
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COST | Hot Stocks16:33 EDT Costco reports August SSS, ex-gas/FX, rose 9.4% - Costco Wholesale Corporation reported net sales of $15.75 billion for the retail month of August, the four weeks ended August 29 ,an increase of 16.2% from $13.56B last year. For the 16-week fourth quarter ended August 29, 2021, the Company reported net sales of $61.4 billion, an increase of 17.4 percent compared to net sales of $52.3 billion during the similar period last year. For the 52-week fiscal year ended August 29, 2021, the Company reported net sales of $192.1 billion, an increase of 17.7 percent from the $163.2 billion during the similar period last year.
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TAK | Hot Stocks16:33 EDT Takeda Pharmaceutical says Phase 3 PANTHER trial did not meet endpoint - Takeda Pharmaceutical announced that the Phase 3 PANTHER study did not achieve pre-defined statistical significance for the primary endpoint of event-free survival. The trial evaluated whether the combination of pevonedistat plus azacitidine as first-line treatment for patients with higher-risk myelodysplastic syndromes, chronic myelomonocytic leukemia and low-blast acute myeloid leukemia improved EFS versus azacitidine alone. An event in the trial is defined as death or transformation to AML in participants with higher-risk MDS or CMML, whichever occurs first, and death in participants with AML. "While we are disappointed with this outcome, we are continuing to gain a greater understanding of the full data set and hope that findings from this Phase 3 study will provide information to help guide research and development for potential treatment options for these underserved patient populations," said Chris Arendt, PhD, Head, Oncology Cell Therapy and Therapeutic Area Unit, Takeda. "We would like to thank the patients, families, advocacy organizations and investigators that participated in this trial, without whom this meaningful research would not have been possible. Takeda remains committed to conducting important research and transforming the lives of patients with cancer."
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MRNA | Hot Stocks16:33 EDT Moderna submits initial data to FDA for COVID-19 vaccine booster - Moderna announced it has initiated its submission to the U.S. Food and Drug Administration for the evaluation of a booster dose of the Moderna COVID-19 vaccine at the 50 microgram dose level. The company expects to submit data to the European Medicines Agency and other regulatory authorities around the world in the coming days. "We are pleased to initiate the submission process for our booster candidate at the 50 microgram dose with the FDA. Our submission is supported by data generated with the 50 microgram dose of our COVID-19 vaccine, which shows robust antibody responses against the Delta variant," said Stephane Bancel, Chief Executive Officer of Moderna. "We remain committed to staying ahead of the virus and following the evolving epidemiology of SARS-CoV-2. We will continue to generate data and transparently share to support governments and regulators as they make evidence-based decisions regarding future vaccination strategies." The Phase 2 study of mRNA-1273 was amended to offer a booster dose of mRNA-1273 at the 50 microgram dose level to interested participants 6 months following their second dose (n=344). Neutralizing antibody titers had waned significantly prior to boosting at approximately 6 months. A booster dose of mRNA-1273 at the 50 microgram dose level boosted neutralizing titers significantly above the Phase 3 benchmark. After a third dose, a similar level of neutralizing titers was achieved across age groups, notably in older adults. The safety profile following dose 3 was similar to that observed previously for dose 2 of mRNA-1273. These data will be submitted to a peer-reviewed publication.
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PDLB | Hot Stocks16:28 EDT PDL Community Bancorp announces sale and leaseback of NYC property for $16.1M - PFS Service Corp, a subsidiary of PDL Community Bancorp, entered into an agreement to sell real property that PFS owns, located at 2244 Westchester Avenue, Bronx, New York. The sale price of the Real Property is $16.1M. Concurrent with the sale of the Real Property, the company and the Bank, as co-tenants, and the purchaser will enter into a seventeen-year lease agreement whereby the company and the Bank will lease back the Real Property at an initial base annual rent of approximately $926,100, subject to annual rent increases of 1.75%.
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VEEV | Hot Stocks16:22 EDT Veeva drops 9% to $303.01 after Q2 results, FY22 guidance
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MARA | Hot Stocks16:22 EDT Marathon Digital announces expanded collaboration with NYDIG - Marathon Digital announced an expanded collaboration with NYDIG, a leading technology and financial services firm dedicated to Bitcoin, to provide members of Marathon's Bitcoin mining pool, MaraPool, with access to NYDIG's services for Bitcoin miners. MaraPool is a bitcoin mining pool based in the United States focused on carbon neutral mining and reducing the environmental impact of Bitcoin mining. The pool is fully audited by a third-party firm based in the U.S. Through the new collaboration with NYDIG, members of MaraPool will now also benefit from access to NYDIG's products and services for Bitcoin miners, including equipment procurement, financing, investment vehicles, advisory services, and more. MaraPool will begin accepting applications from other U.S.-based Bitcoin mining companies later this month
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FORA WSTF | Hot Stocks16:20 EDT Forian appoints Michael Vesey as CFO - Forian (FORA) has appointed Michael Vesey as Chief Financial Officer effective September 2. Vesey will succeed Clifford Farren, who will remain with Forian in an advisory capacity through the end of the year to ensure an orderly transition. Vesey was most recently CFO of Wayside Technology Group (WSTG), a provider of cyber security, software and technology solutions. Prior to Wayside, Vesey spent nine years at Majesco Entertainment .
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NCNO WFC | Hot Stocks16:19 EDT nCino Bank Operating System selected by Wells Fargo - nCino (NCNO) announced that Wells Fargo (WFC) has selected the nCino Bank Operating System as a foundational technology platform to accelerate its digital transformation within its commercial banking and corporate & investment banking businesses, and to transform its commercial lending operations.
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DKNG | Hot Stocks16:18 EDT DraftKings launches online sportsbook in Wyoming - DraftKings announced the launch of DraftKings Online Sportsbook in Wyoming, marking the thirteenth state in which its mobile sportsbook is available. Beginning immediately, customers in Wyoming at least 18 years old can now wager on various markets across professional and collegiate sports using DraftKings' mobile sportsbook app. "Legalized sports betting has seen wide-spread growth in just three years and the DraftKings Sportsbook has been at the center of the action," said Matt Kalish, co-founder and president, DraftKings North America. "We are thrilled that Wyoming sports bettors have the opportunity to experience the highly accessible and immersive fan experience along with best in class consumer protections that our product offers millions of skin-in-the-game sports fans."
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AI | Hot Stocks16:17 EDT C3.ai reports Q1 Remaining Performance Obligations $290.6M vs. $275.1M last year - Q1 total enterprise AI customer count at quarter end was 98, an increase of 85% year over year.
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NUVA | Hot Stocks16:16 EDT NuVasive appoints new CCO and CTO - NuVasive announced new executive leadership roles. Massimo Calafiore has been appointed Chief Commercial Officer and Ryan Donahoe has been appointed Chief Technology Officer. Since joining the company in 2017, Calafiore has held various leadership roles with increasing levels of responsibility, most recently serving as EVP, Global Business Units. Prior to NuVasive, he spent 16 years supporting and leading the U.S. business for Waldemar Link. During his 15 years at NuVasive, Donahoe has played an integral role in more than 20 issued and pending patents. In connection with this new leadership structure, Brent Boucher, EVP, Global Commercial, will transition from the company.
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FEMY | Hot Stocks16:16 EDT Femasys appoints Edward Evantash as CMO - Femasys announced the appointment of Edward Evantash, as chief medical officer. Evantash brings over two decades of industry experience in medical and clinical affairs to Femasys, having previously served as chief medical officer of Alydia Health. He will be responsible for providing leadership and direction for Femasys' pipeline of clinical development programs.
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AWI | Hot Stocks16:14 EDT Armstrong World CFO Brian MacNeal to retire - Armstrong World announced the planned retirement of Brian MacNeal, chief financial officer, effective May 1, 2022. MacNeal joined Armstrong in 2014 as vice president. The company has initiated a search with the assistance of an executive search firm that will include both internal and external candidates to identify a successor for this position. MacNeal will continue to serve as CFO through the search process and assist during the subsequent transition.
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QDEL CVS | Hot Stocks16:14 EDT Quidel to bring QuickVue At-Home OTC COVID-19 Tests to CVS pharmacies - Quidel Corporation (QDEL) announced in the next week it will make Quidel's non-prescription QuickVue At-Home OTC COVID-19 Test available to consumers at more than 7,000 CVS Pharmacy (CVS) locations across the United States and online at cvs.com. The shelf-stable packages each contain two self-administered rapid antigen tests. "Making QuickVue At-Home OTC COVID-19 Tests conveniently available in-store and online at CVS Pharmacy further supports our shared commitment in meeting the testing needs of American families," said Douglas Bryant, president and CEO of Quidel. "We experienced a recent surge in demand for our portfolio of Sofia SARS and QuickVue COVID-19 rapid antigen tests, and adding capacity through CVS Pharmacy, a leader in providing testing access throughout the pandemic, will help address customers' demand."
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FHN | Hot Stocks16:13 EDT First Horizon provides update on impact of Hurricane Ida - First Horizon will postpone the IBERIABANK operating system conversion and rebranding until 1Q22 in the wake of Hurricane Ida. Additionally, the company now expects pre-tax merger integration costs of $520M-$530M, an increase of $20M-$30M, and that it will achieve its targeted $200M of pre-tax annualized merger cost saves by 4Q22. The company also announced an additional $1M pledge to assist with disaster recovery efforts for communities affected by the storm. Clients have experienced no disruption to banking services outside of banking center closures. While assessment of damages to clients, associates and communities is ongoing, First Horizon currently estimates the following impacts: an estimated 8,350 clients with approximately $3.0B, or 5% of loans outstanding are in areas impacted by the hurricane; client assistance includes: waived foreign ATM fees and surcharge credits, free replacement checks, loan options to assist with recovery, fee reversals and other special considerations. The company operates 27 banking centers and seven offices in the affected markets - New Orleans, Baton Rouge and Houma, Louisiana. Assessments to date include no catastrophic damage to physical locations, limited water intrusion, operational centers have no major damage and mortgage offices are fully functional. Nine banking centers are fully functional and expects to recover four additional banking centers over the next few days.
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GDP | Hot Stocks16:13 EDT Goodrich Petroleum sees FY22 CapEx $105M-$125M - Sees FY22 free cash flow $65M-$85M.
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INMB | Hot Stocks16:13 EDT INmune Bio says XPro found to decrease multiple species of pTau in AD patients - INmune Bio announced that XPro, the company's selective DN-TNF inhibitor candidate for the treatment of Alzheimer's disease, or AD, treatment resistant depression, and other neurological diseases where neuroinflammation is implicated, has been found to decrease multiple species of Phospho Tau, or pTau, and improve neuroimaging biomarkers of myelination in patients with AD. These biomarker data are from the analysis of the company's recently concluded Phase 1 study of XPro in Alzheimer's patients. AD patients treated with 1.0 mg/kg of XPro once a week for three months had a 46% reduction is CSF pT217 and a lesser reduction in pT181. While pT181 is recognized as the standard CSF biomarker of AD, recent studies suggest that pT217 has higher discriminative accuracy for AD and a stronger correlation with amyloidosis and cognitive decline. The company also reported improvement in white matter MRI metrics, including a 16% improvement in radial diffusivity, a biomarker of remyelination. These data add to previously reported improvements in apparent fiber density and free water. In each metric, improvements continued throughout the 12-month extension trial. The company plans to start enrolling a blinded, randomized Phase 2 trial in patients with mild AD by the end of 2021. The six-month trial will enroll 200 patients at centers across North America and Australia. Patients will receive 1mg/kg of XPro weekly by subcutaneous injection. The primary endpoint is EMACC, a sensitive measure of cognitive function.
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GDP | Hot Stocks16:12 EDT Goodrich Petroleum sees Q3 production 165,000-175,000 Mcfe per day - Sees Q4 production 187,500-197,500 Mcfe per day. Sees FY22 production 210,000-240,000 Mcfe per day.
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ACAD | Hot Stocks16:12 EDT Acadia Pharmaceuticals CFO Ridloff to leave company - Acadia Pharmaceuticals announced that Elena Ridloff, Executive Vice President and Chief Financial Officer, will be leaving the company effective September 10, 2021 to join another biopharmaceutical company. Mark Schneyer, Senior Vice President, Business Development and Chief Business Officer, will serve as Acadia's interim Chief Financial Officer. The company is conducting a formal search for a new CFO. "On behalf of all of us at Acadia, I want to thank Elena for her leadership and contributions which played an important role in supporting Acadia's growth and long-term business strategy, and we wish her well in her future endeavors," said Steve Davis, Chief Executive Officer.
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CBZ | Hot Stocks16:09 EDT CBIZ subsidiary acquires Shea Labagh Dobberstein, terms not disclosed - CBIZ announced its wholly-owned subsidiary CBIZ MHM Northern California, LLC has acquired the non-attest assets of Shea Labagh Dobberstein of San Francisco, California, effective September 1. Concurrent with this transaction, Mayer Hoffman McCann P.C., a national independent CPA firm, announced the acquisition of the attest assets of SLD. With offices in San Francisco, San Mateo and Walnut Creek, SLD has been providing a full spectrum of professional accounting, tax and advisory services to privately held businesses, individuals and nonprofit organizations throughout the San Francisco Bay area since 1944. SLD has 95 employees and approximately $30M in annual revenue.
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ONCT | Hot Stocks16:08 EDT Oncternal names Steven Hamburger SVP regulatory affairs, quality assurance - Oncternal Therapeutics announced the appointment of Steven Hamburger, Ph.D. as Senior Vice President of Regulatory Affairs and Quality Assurance.Dr. Hamburger brings over 35 years of global drug development experience leading to numerous marketing authorizations in oncology, rare diseases and other therapeutic areas, across multiple geographies. Most recently, Steve was responsible for clinical regulatory affairs at FerGene and was Vice President and Head, Regulatory Affairs at Checkmate Pharmaceuticals, and Regulatory Affairs and Quality Assurance at Tarveda Therapeutics. Steve also led global regulatory efforts for both biotech and large pharmaceutical companies including Castle Creek Pharmaceuticals, Baxalta, Immunomedics and Savient Pharmaceuticals, and held senior regulatory affairs positions at Takeda/Millennium, Johnson & Johnson/Janssen/Ortho Biotech, Eli Lilly, and Zeneca/ICI Pharmaceuticals.
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BC | Hot Stocks16:08 EDT Brunswick acquires RELiON Battery, announces plan for Michigan facility - Brunswick announced that it has acquired RELiON Battery, a global provider of lithium batteries and related products to multiple industry sectors. Additionally, the company is announcing plans for a new Electrification Technology Center to be located in Michigan. RELiON products power a range of applications in the marine, recreational vehicle, solar, and industrial segments. RELiON products are distributed globally through a wide array of retail, OEM, and distribution partners. Headquartered in Rock Hill, South Carolina, RELiON opened an expanded Technology Center outside of Seattle in 2019, which will provide Brunswick additional capacity and capabilities to bring the next generation of lithium batteries to its global customer base.
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NTNX | Hot Stocks16:08 EDT Nutanix reports Q4 ARR up 83% at $878.7M - Reports Q4 annual contract value up 26% at $176.3M and average contract term of 3.4 years vs. 3.8 years prior.
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SWBI | Hot Stocks16:08 EDT Smith & Wesson Brands reports Q1 gross margin 47.3% vs. 40.2% last year - Deana McPherson, Executive Vice President and CFO, commented, "Our first quarter results continue to demonstrate our ability to react to the changing needs of the market, delivering a 19.5% increase over last year's results and securing a two-year compounded growth rate of nearly 170%. This increase in sales, combined with strong expense containment, resulted in a record gross margin of 47.3% for the quarter while also generating $109.1 million in cash. We believe our ability to grow our top line without adding significant fixed costs, while also leveraging synergies from the spin-off, have been key contributors to our profitability and position us well for the adjusting market. As we begin to replenish inventory in the channel and in our warehouse, we believe the flexibility of our operations and the strength of our balance sheet, combined with the hard work and ingenuity of our R&D and marketing teams will enable us to continue to invest in our business and capture market share, while returning capital to our stockholders. Our Board of Directors has again authorized our $0.08 per share quarterly dividend, which will be paid to stockholders of record on September 14th with payment to be made on September 28th."
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ASAN | Hot Stocks16:06 EDT Asana names Anne Raimondi as new COO - Asana announced that Anne Raimondi has been appointed Asana's newCOO. Raimondi succeeds Chris Farinacci, who had served as Asana's COO since 2015. Farinacci will retire at the end of the current fiscal year.
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WCN | Hot Stocks16:06 EDT Waste Connections acquires E.L. Harvey & Sons, terms not disclosed - Waste Connections announced that it has acquired E.L. Harvey & Sons. With a 110-year history dating back four generations, Harvey is the largest family-owned and operated solid waste services company in Massachusetts, with total annualized revenue of approximately $110M. Harvey provides solid waste collection, recycling and transfer services to commercial, industrial, municipal and residential customers primarily in Central and Eastern Massachusetts and Southern New Hampshire.
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ASMB | Hot Stocks16:05 EDT Assembly Biosciences decides to discontinue clinical development ofABI-H2158 - Assembly Biosciences announced its decision to discontinue development of ABI-H2158 following the observation of elevated ALT levels consistent with drug-induced hepatotoxicity in an ongoing Phase 2 trial. "Patient safety is always our priority, which is why we have elected to discontinue the development of 2158," said John McHutchison, AO, MD, chief executive officer and president of Assembly Bio. "We remain committed to our pursuit of developing finite and curative therapies for individuals with chronic hepatitis B, and our strategy remains unchanged. We will continue to evaluate our core inhibitor portfolio, to ultimately choose the best and safest candidate to take forward into later stage clinical trials as we believe this mechanism will be an important and key component of future curative regimens. We remain focused on expeditiously advancing our additional clinical programs, including the two ongoing Phase 2 triple combination studies, accelerating the clinical development for 3733 and 4334, and progressing additional research programs in our HBV portfolio with complementary mechanisms. And, as always, we will continue evaluating strategic opportunities to build additional value in the company's pipeline." The Phase 2 clinical study for 2158 is a multi-center, randomized, placebo-controlled trial in treatment-naive patients with HBeAg positive or HBeAg negative chronic hepatitis B infection without cirrhosis. A total of 88 patients were enrolled and randomized three-to-one to receive either 300 mg 2158 plus entecavir or placebo plus entecavir once daily for up to 72 weeks. In the study, two patients receiving 2158 experienced Grade 4 elevations in ALT leading to drug discontinuation. Two additional patients also receiving 2158 developed Grade 3 ALT elevations. No alternate causes for the ALT elevations have been identified, and these four patients continue to be closely monitored. The company has communicated the findings with the U.S. Food & Drug Administration and has voluntarily chosen to discontinue development of 2158 and the Phase 2 study.
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GDP | Hot Stocks16:02 EDT Goodrich Petroleum acquires eight wells in Haynesville Shale basin - The company has acquired eight wells producing approximately 2,000 Mcfe per day and approximately 5,800 gross (4,500 net) acres in the core of the Haynesville Shale basin in Caddo and Bossier Parishes, Louisiana for $1.5M and the obligation to drill eight wells over a four year period. The company now has approximately 32,000 net acres in the core of the play.
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DKNG MGM | Hot Stocks16:02 EDT DraftKings, BetMGM obtain online sports betting licenses in Wyoming - Ryan Butler of Action Network tweeted: "DraftKings (DKNG) has earned Wyoming's first online sports betting license. It is set to launch as early as this afternoon. Wyoming will be the first state to both pass a 2021 sports betting bill and take a bet this year." In a separate tweet he said, "BetMGM (MGM) has also earned a Wyoming's online sports betting license. It too is set to take bets as early as this afternoon. No other books are pending in the state, but several additional operators have expressed interest in the market. Reference Link
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COOP | Hot Stocks16:01 EDT Mr. Cooper names Angela Greenfeather as Chief Human Resources Officer - Mr. Cooper announced two executive promotions as the company continues to drive enhancements to the team member and customer experiences. Angela Greenfeather was promoted to Executive Vice President and Chief Human Resources Officer. Greenfeather most recently served as SVP, Enterprise HR for the company, and in her new role she will oversee all functions of Human Resources. Additionally, Kelly Ann Doherty was promoted to Chief Administrative Officer. Doherty, who has been with the company for more than five years, most recently served as Executive Vice President and Chief People and Communications Officer, successfully guiding the company throughout the pandemic and leading efforts to plan for the future of work at Mr. Cooper Group.
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ATSG BA | Hot Stocks16:01 EDT PEMCO delivers second Boeing 737-700 FlexCombi - Air Transport Services Group, Inc. (ATSG) subsidiary PEMCO Conversions has delivered a second Passenger-to-FlexCombi converted aircraft to Bahrain-based Chisholm Enterprises, an internationally recognized provider of tailored aviation and business solutions in the Middle East. Chisholm subsidiary Texel Air, a non-scheduled cargo airline, will operate the Boeing (BA) 737-700FC from Bahrain International Airport. "We have shared a very successful history with PEMCO Conversions," said John Chisholm, chairman and owner of Chisholm Enterprises, "having received and deployed the first B737-700 FlexCombi in August 2020, as well as four previous B737-300 converted freighters."
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NFLX | Hot Stocks15:51 EDT Netflix rises after announcing 'Seinfeld' to be available on October 1 - Shares of Netflix (NFLX) are on the rise on Wednesday after the streaming giant announced that the sitcom "Seinfeld" would begin streaming on October 1. Netflix had won the rights to all 180 episodes back in 2019. PRICE ACTION: In Wednesday afternoon trading, shares of Netflix have gained almost 3% to $584.04. Reference Link
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RRD | Hot Stocks15:40 EDT Chatham Asset Management calls for continued deleveraging at R.R. Donnelley - Chatham Asset Management, a private investment firm which manages funds that beneficially own approximately 14.9% of the outstanding common stock and which is the largest bondholder of R.R. Donnelley & Sons, made public a letter sent to RRD's Board of Directors regarding its decision to amend and extend the company's "value-destructive" stockholder rights plan. The letter stated in part: "Today, we write in response to RRD's Board of Directors' highly problematic decision to renew its poison pill, without shareholder input until next year's annual meeting, which has traditionally been held in May. We believe this action, despite considerable shareholder opposition to the poison pill at the 2021 annual meeting of shareholders, raises significant corporate governance issues and demonstrates the urgent need to add new directors to the Board who have been recommended by shareholders and have strong capital allocation and corporate governance expertise. That fact that the Board continues to defend and extend the poison pill despite clear opposition from its stockholders, and over and above the objections of shareholder advisory firms, such as Institutional Shareholder Services, who have clearly opposed retention of the poison pill, only serves to demonstrate that the Board's interests are not aligned with those of its stockholders and fresh perspectives are sorely needed in the boardroom... As RRD's largest equity and debt holder, our interests are aligned and our primary goal is the maximization of stockholder value. Accordingly, we believe that the Board needs new directors with strong corporate governance and capital allocation expertise to improve the Company's operating cost structure and explore better ways to allocate the Company's capital, including possibly selling non-core assets and using the proceeds to reduce debt or undertake share repurchases. We believe a refreshed Board with the right expertise and alignment can lead to margin and free cash flow improvement, higher EBITDA and an improved share price."
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DAR | Hot Stocks15:21 EDT Darling Ingredients says 'aggressively boosting' production of renewable energy - Darling Ingredients announced it has posted the company's updated global Environmental, Social, and Governance Report and highlighted its 2025 climate change targets designed to enable company growth while improving sustainability performance. "The company continues to actively manage towards its short-term global targets to reduce its water and energy intensity by five percent from 2020 to 2025. The company is also aggressively boosting its production of renewable energy and expects in 2022 to achieve an increase in production of over 150% from 2019. The new ESG Report illustrates initiatives to achieve the short-term targets and demonstrates a developing mid- and long-term strategic roadmap to reach the ambitious net zero GHG emissions and sustainable water use goals by 2050 within Darling's own operations," Darling stated. Randall Stuewe, Chairman and CEO of Darling Ingredients, added: "We see ourselves as part of the solution with our circular business model of repurposing the world's agri-food waste streams into valuable, sustainable ingredients all while assisting in the decarbonization of the planet. We have a responsibility for generations to come and our climate goals identified today will help secure a pathway and provide us a continual platform to build on for many years into the future."
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CACC | Hot Stocks14:36 EDT Credit Acceptance confirms resolution of litigation with Massachusetts AG - Credit Acceptance Corporation announced the finalization of a settlement resolving litigation with the Massachusetts Attorney General, the material terms of which were previously disclosed in April 2021. "This matter was vigorously contested. However, Credit Acceptance believes it to be in the best interest of the company to conclude this litigation, and is pleased to announce its resolution. The company looks forward to continuing to serve customers in the Commonwealth of Massachusetts through its financing programs... Under the agreement, Credit Acceptance made no admission of liability," the company stated.
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SWBI... | Hot Stocks14:00 EDT FBI reports 2.72M NICS firearm background checks in August - The FBI reported that there were 2,715,223 firearm background checks initiated through the NICS system in August 2021. This compares to 3,115,063 checks in August 2020, and 2,882,676 checks in June 2021. Publicly traded companies in the space include Smith & Wesson Brands (SWBI), Sturm Ruger (RGR) and Vista Outdoor (VSTO). Reference Link
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TWTR | Hot Stocks13:56 EDT Twitter announces launch of 'Super Follows' for paid subscriber-only content - Esther Crawford, Staff Product Manager for Twitter, stated in a blog post: "Twitter is where people go to have real conversations with others who share their interests. These incredible conversations make Twitter what it is and we want to support the people creating them so that Twitter continues to be a place to connect with others authentically. This year, we've started to do more to support the voices driving these conversations with money, through Tip Jar and Ticketed Spaces. Today we're excited to introduce Super Follows, a new way for people to earn monthly revenue by sharing subscriber-only content with their followers on Twitter. With Super Follows, people can create an extra level of conversation on Twitter (sharing bonus Tweets and more!) to interact authentically with their most engaged followers - all while earning money... Through Super Follows, people can set a monthly subscription of $2.99, $4.99 or $9.99 a month to monetize bonus, "behind-the-scenes" content for their most engaged followers on Twitter. And followers get extra special access to their unfiltered thoughts, early previews and subscriber-only conversations from their favorite accounts... Right now, people in the U.S. and Canada using iOS can Super Follow select accounts and we'll be rolling it out to people using iOS globally in the next few weeks. Creators can share Super Follows Tweets on iOS only and Super Follows Tweets can be viewed on iOS, with Android and twitter.com coming soon." Reference Link
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CNI... | Hot Stocks13:49 EDT North American rail traffic dropped 1% in week ended August 28 - The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending August 28 as well as volumes for August . U.S. railroads originated 934,762 carloads in August 2021, up 4.1%, or 36,815 carloads, from August 2020. U.S. railroads also originated 1,085,345 containers and trailers in August , down 3.3%, or 37,603 units, from the same month last year. Combined U.S. carload and intermodal originations in August were 2,020,107, down 0%, or 788 carloads and intermodal units from August 2020..."Rail traffic is navigating many of the same challenges plaguing other supply chain participants, including chassis and container shortages at ports; shortages of drayage truck drivers; port congestion; insufficient warehouse capacity at many locations; and now, weather problems in the Gulf" said AAR Senior Vice President John T. Gray. "Faced with this, railroads are working hard, in cooperation with other stakeholders, to keep the national rail network fluid." Total U.S. weekly rail traffic was 504,417 carloads and intermodal units, down 0.7% compared with the same week last year.Total U.S. weekly rail traffic for the week ended August 28 was 504,417 carloads and intermodal units, down 0.7% compared with the same week last year. North American rail volume for the week ending August 28 on 12 reporting U.S., Canadian and Mexican railroads totaled 330,432 carloads, up 3.2% compared with the same week last year, and 356,346 intermodal units, down 4.6% compared with last year. Total combined weekly rail traffic in North America was 686,778 carloads and intermodal units, down 1%. North American rail volume for the first 34 weeks of 2021 was 23,620,753 carloads and intermodal units, up 9.6% 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), Union Pacific (UNP), Trinity Industries (TRN), Greenbrier, GBX) and FreightCar America (RAIL). Reference Link
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CACC | Hot Stocks13:35 EDT Credit Acceptance settles with Massachusetts over auto loans for $27.2M - Massachusetts Attorney General Maura Healey announced Credit Acceptance Corporation (CAC) will pay $27.2M to settle a lawsuit "over a variety of alleged unfair practices relating to the company's role in the origination, collection, and securitization of subprime auto loans." Over 3,000 borrowers across the state are expected to be eligible for settlement funds. The AG's Office sued Credit Acceptance in August 2020 over the company's practices relating to the origination, collection, and securitization of subprime auto loans. Shares of Credit Acceptance are up 4% to $601.83 following the news.
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WKHS | Hot Stocks13:35 EDT Workhorse Group down 3% after WSJ reports on SEC probe - Shares of Workhorse Group are off their earlier lows, but remain down about 3% at $9.55 per share after The Wall Street Journal's Ben Foldy reported that the SEC disclosed in a letter denying a public-records request that its enforcement division has been probing Workhorse. A copy of the letter, dated June 30 and reviewed by The Wall Street Journal, is quoted as having stated: "We have confirmed with the Division of Enforcement staff that the investigation from which you seek records is still active and ongoing."
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TSLA | Hot Stocks13:18 EDT Tesla CEO says Roadster 'should ship' in 2023 - In reply to a question posed on Twitter, Tesla CEO Elon Musk tweeted: "2021 has been the year of super crazy supply chain shortages, so it wouldn't matter if we had 17 new products, as none would ship. Assuming 2022 is not mega drama, new Roadster should ship in 2023." Reference Link
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CACC | Hot Stocks12:38 EDT Correction: Credit Acceptance up 2% to $589.12 after settlement with MA
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CACC | Hot Stocks12:34 EDT Credit Acceptance up 8% to $588.11 after Massachusetts announces settlement
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CACC | Hot Stocks12:29 EDT Credit Acceptance in $27M settlement with MA Attorney General - Massachusetts Attorney General Maura Healey said via Twitter, "We have secured the largest settlement of its kind with the subprime auto lender Credit Acceptance Corporation for $27 million. Eligible drivers suffering under the weight of a crushing car loan due to CAC's deceptive practices will receive relief and avoid new defaults...Our lawsuit alleged that CAC made loans with illegally high interest rates, disregarded the high risk of default, provided defective notices and engaged in harassing debt collection. CAC raked in profits, but borrowers finances were destroyed and some even lost their vehicles...Like predatory student loans or mortgages, predatory car loans hurt families and communities. This settlement is a part of our nation-leading industry-wide review of the subprime auto industry, including our $22 million settlement with Santander."
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ABBV | Hot Stocks12:22 EDT AbbVie drops 7% after FDA adds warning to arthritis drug Rinvoq
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RKLY | Hot Stocks12:19 EDT Rockley Photonics Holdings trading resumes
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NKLA | Hot Stocks12:16 EDT Nikola adds Quinn Company to dealer network - Nikola Corporation announced the continued expansion of its Class 8 truck sales and service coverage with the addition of Quinn Company, a leading provider of on-highway truck service and construction equipment in the Central and Southern California regions. The addition of Quinn Company to the Nikola dealer network will include sales and service facilities across 15 counties.
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RKLY | Hot Stocks12:14 EDT Rockley Photonics Holdings trading halted, volatility trading pause
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RGS | Hot Stocks12:00 EDT Regis falls -7.2% - Regis is down -7.2%, or -39c to $5.03.
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DY | Hot Stocks12:00 EDT Dycom falls -8.5% - Dycom is down -8.5%, or -$6.40 to $68.93.
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ABBV | Hot Stocks12:00 EDT AbbVie falls -11.5% - AbbVie is down -11.5%, or -$13.84 to $106.94.
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PVH | Hot Stocks12:00 EDT PVH Corp. rises 14.5% - PVH Corp. is up 14.5%, or $15.15 to $119.94.
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RKLY | Hot Stocks12:00 EDT Rockley Photonics rises 17.7% - Rockley Photonics is up 17.7%, or $1.24 to $8.25.
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GOTU | Hot Stocks12:00 EDT Gaotu Techedu rises 17.8% - Gaotu Techedu is up 17.8%, or 51c to $3.39.
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TWTR | Hot Stocks11:59 EDT Twitter launches 'Safety Mode' that block accounts for 7 days - Twitter introduced "Safety Mode, a new feature that aims to reduce disruptive interactions." Starting today, the company is rolling out this safety feature to a small feedback group on iOS, Android, and Twitter.com, beginning with accounts that have English-language settings enabled. "Safety Mode is a feature that temporarily blocks accounts for seven days for using potentially harmful language - such as insults or hateful remarks - or sending repetitive and uninvited replies or mentions. When the feature is turned on in your Settings, our systems will assess the likelihood of a negative engagement by considering both the Tweet's content and the relationship between the Tweet author and replier. Our technology takes existing relationships into account, so accounts you follow or frequently interact with will not be autoblocked," the company said in a blog post. Reference Link
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IIPR | Hot Stocks11:58 EDT Innovative Industrial Properties CEO sells 3,954 common shares - In a regulatory filing, Innovative Industrial Properties president and CEO Paul Smithers disclosed the sale of 3,954 common shares of the company on September 1 at a price of $249 per share.
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OTGLY... | Hot Stocks11:53 EDT CD Projekt targets 'late 2021' for next-gen updates for 'Cyberpunk,' 'Witcher 3' - CD Projekt (OTGLY) said it is targeting "late 2021" dates for the next-generation console updates for "The Witcher 3: Wild Hunt" and "Cyberpunk 2077." Both games are currently available on PC, Xbox One (MSFT), and PlayStation 4 (SONY), with the free upgrades expected to optimize the games' performance and visuals for Xbox Series X/S and PlayStation 5. Reference Link
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HMC | Hot Stocks11:44 EDT Honda reports August U.S. sales down 15.6% to 114,656 vehicles - American Honda said it weathered "industrywide parts supply issues" to post overall sales of 114,656 vehicles in August, which is down 15.6% from last year.
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HRVSF... | Hot Stocks11:42 EDT Harvest Health & Recreation announces planned divestiture of Florida license - Harvest Health & Recreation (HRVSF) announced the signing of a definitive agreement to divest its Medical Marijuana Treatment Center license issued by the Florida Department of Health. Planet 13 Holdings (PLNHF) has agreed to purchase the license for $55 million in cash. The planned divestiture includes the sale of the license only and does not include any planned or operational facilities. Closing of the divestiture of the Florida license remains subject to the customary satisfaction of closing conditions including regulatory approvals and the closing of the planned acquisition of Harvest by Trulieve Cannabis Corp. (TCNNF).
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PLNHF... | Hot Stocks11:40 EDT Planet 13 enters agreement to acquire Florida cannabis license - Planet 13 Holdings (PLNHF) announces that it has entered into a definitive license purchase agreement with a subsidiary of Harvest Health & Recreation (HRVSF) pursuant to which a newly acquired subsidiary of the Company to be renamed Planet 13 Florida, will purchase a license to operate as a Medical Marijuana Treatment Center issued by the Florida Department of Health to the Seller, and no other assets or liabilities, from the Seller for $55M in cash. Licensed Medical Marijuana Treatment Centers are vertically integrated and the only businesses in Florida authorized to dispense medical marijuana cannabis to qualified patients and caregivers. MMTCs are authorized to cultivate, process, transport and dispense medical marijuana. As of August 26, 2021, there were 22 companies with MMTC licenses with 371 dispensing locations across Florida. License holders are not subject to restrictions on the number of dispensaries that may be opened or on the number or size of cultivation and processing facilities they may operate. As consideration for the License, the Company will pay $55 million in cash to the Seller, with an initial deposit therefrom of $2 million to be delivered by the Company and held in escrow by a third party escrow agent upon execution of an escrow agreement as promptly as possible after the date hereof. The transaction is subject to certain closing conditions including the successful close of the Trulieve Cannabis (TCNNF)/Harvest arrangement transaction, the Florida Department of Health's Office of Medical Marijuana Use approval for Planet 13 Florida to acquire the license and other customary closing conditions. If the foregoing regulatory approval is not obtained, the Company and Seller will have the right to terminate the Agreement.
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APO VZ | Hot Stocks11:19 EDT Apollo Funds complete acquisition of Yahoo - Apollo Global (APO) announced that funds managed by its affiliates - the "Apollo Funds" - have completed the acquisition of Yahoo - formerly Verizon Media. With the close of the transaction, Yahoo will now operate as a standalone company under Apollo Funds. Verizon (VZ) has retained a 10% stake in Yahoo.
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AI... | Hot Stocks11:19 EDT C3.ai rallies after announcing partnership with Google Cloud - C3.ai (AI) and Google Cloud (GOOG, GOOGL) earlier today announced a partnership "to help organizations across multiple industries accelerate their application of artificial intelligence solutions." Under the agreement, both companies' sales teams will co-sell C3.ai's enterprise artificial intelligence applications, running on Google Cloud. Going forward, C3.ai said it "will also work closely with Google Cloud to ensure that its applications fully leverage the accuracy and scale of multiple Google Cloud products and capabilities, including Google Kubernetes Engine, Google BigQuery, and Vertex AI, helping customers build and deploy ML models more quickly and effectively." C3.ai shares are up 6% to $54.51 in morning trading following the news.
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RBC RXN | Hot Stocks11:13 EDT Regal Beloit holders approve share issuance for Rexnord unit deal - Regal Beloit (RBC) announced that shareholders today approved the issuance of shares necessary to complete the previously announced combination of Rexnord's (RXN) Process & Motion Control business with Regal in a Reverse Morris Trust transaction. In addition, Regal shareholders approved the amendment and restatement of Regal's Articles of Incorporation to effect a change in the company name to "Regal Rexnord Corporation" and to increase the number of authorized shares of Regal common stock. Regal expects the closing of the transaction joining the company with Rexnord's PMC business to occur early in Q4.
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MZDAY | Hot Stocks11:03 EDT Mazda reports North America August sales up 4.6% to 27,262 vehicles - Mazda North American Operations reported total August sales of 27,262 vehicles, an increase of 4.6% compared to August 2020. Year-to-date sales totaled 249,168 vehicles; an increase of 39.2% compared to the same time last year.
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DISH | Hot Stocks11:01 EDT Dish's Boost Mobile acquires Gen Mobile, terms undisclosed - Dish Network's Boost Mobile announced its plan to acquire Gen Mobile, a prepaid mobile service. The acquisition "enables Boost Mobile to distribute to a larger segment of the low-income population while continuing its mass market expansion," the company said in a statement. Boost will procure the Gen Mobile brand, customer base, existing distribution network, technology and its wireless team, it added. After the acquisition closes, Robert Yap will continue to lead the Gen Mobile business. Gen Mobile will remain headquartered in Los Angeles. The transaction is subject to customary closing conditions. Terms of the deal were not disclosed.
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PFE | Hot Stocks10:32 EDT Pfizer win over Belcher in epinephrine patent fight upheld on appeal - An appeal was filed from a decision of the U.S. District Court for the District of Delaware that U.S. Patent No. 9,283,197, which appellant Belcher Pharmaceuticals asserted against Pfizer's (PFE) Appellee Hospira in a patent infringement suit under the Hatch-Waxman Act, after it was found that the patent was unenforceable for inequitable conduct. "The district court concluded that Belcher's Chief Science Officer engaged in inequitable conduct by withholding material information from the U.S. Patent and Trademark Office during prosecution of the '197 patent with the requisite deceptive intent. For the reasons below, we affirm," the U.S. Court of Appeals for the Federal Circuit stated in a ruling posted to its website.
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RXN RBC | Hot Stocks10:31 EDT Rexnord stockholders approve PMC business combination with Regal Beloit - Rexnord Corporation (RXN) announced that its stockholders voted to approve the previously announced combination of Rexnord's Process & Motion Control Business with Regal Beloit Corporation (RBC) in a Reverse Morris Trust transaction at the special meeting of stockholders held earlier today. As previously announced, the consummation of the Transaction is expected to occur early in the fourth quarter of 2021, subject to the satisfaction of the remaining closing conditions.
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WKHS RIDE | Hot Stocks10:23 EDT Fuzzy Panda Research short Workhorse on 'active SEC investigation, fake orders' - In a letter to Workhorse's (WKHS) new CEO Richard Dauch, Fuzzy Panda Research said it was "betting against" him and "are short Workhorse." "Hopefully, the Board and out-going CEO, Duane Hughes, have informed you that Workhorse is currently under an "Active and Ongoing Investigation by the SEC's Division of Enforcement" even though they have elected to not disclosed it to shareholders. We were quite surprised you told investors "our backlog is real" and stands at "nearly 8,000 confirmed vehicle orders." You have likely now uncovered that those statements are completely false," the letter reads. "Workhorse is also set to breach its debt covenants. At the latest in 7 months, regarding the min 'Backlog Sales' covenant of greater than$25 million and likely sooner regarding breaching your covenant for a material breach in 'representations & warranties.' Also, the Lordstown (RIDE) Equity and cash proceeds (~$100 million) is actually in an SPV completely controlled by the debt holders and not accessible for you to use." Reference Link
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ABBV... | Hot Stocks10:22 EDT FDA requires warnings to arthritis medicines after Xeljanz safety study - Based on a completed Food and Drug Administration review of a randomized safety clinical trial, the agency concluded there is an increased risk of serious heart-related events such as heart attack or stroke, cancer, blood clots, and death with the arthritis and ulcerative colitis medicine Xeljanz, made by Pfizer (PFE). The FDA is requiring new and updated warnings for two other arthritis medicines in the same drug class as Xeljanz, called Janus kinase inhibitors, Eli Lilly's (LLY) Olumiant and AbbVie's (ABBV) Rinvoq. Olumiant and Rinvoq have not been studied in trials similar to the large safety clinical trial with Xeljanz, so the risks have not been adequately evaluated, the FDA said. However, since they share mechanisms of action withXeljanz, FDA considers that these medicines may have similar risks as seen in the Xeljanz safety trial. Reference Link
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IZEA | Hot Stocks10:21 EDT IZEA awarded mid-six-figure influencer marketing contract expansion - IZEA Worldwide announced that it has been awarded a mid-six-figure influencer marketing contract expansion with an existing Fortune 100 media company. IZEA will leverage its network of influencers to promote an upcoming live streaming event featuring celebrities as well as content from many of the entertainment industry's most popular franchises.
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WRAP | Hot Stocks10:05 EDT Wrap announces deployment of two BolaWrap devices by Houston Police - Wrap Technologies released new bodycam footage of a double BolaWrap deployment in Houston, Texas. The video showed how the BolaWrap assisted officers in safely and humanely restraining a noncompliant subject in crisis. With approximately 5,300 officers and 1,200 civilian support personnel, Houston Police Department is the United States' fifth-largest municipal police department, serving its fourth-largest city. On June 16, 2021, Houston Police Department responded to a call about a subject who was trespassing, had a pocketknife, and seemed to be in crisis. The subject was uncooperative, so officers deployed two BolaWrap devices simultaneously. One wrapped around the subject's upper legs, and the other wrapped around his ankles, effectively subduing the subject. As a result, officers were able to safely approach and place the subject into handcuffs without force or injury.
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RVLV | Hot Stocks10:04 EDT FORWARD announces Kendall Jenner as new creative director - FORWARD, part of REVOLVE Group, announces Kendall Jenner as the new Creative Director. The company said, " The celebrity, entrepreneur, and renowned supermodel paired with the always on-trend FWRD make for a genuinely organic partnership that will deliver a next level fashion experience for shoppers. Jenner has paved her way as a pivotal force in fashion and is no stranger to creating global trends. With her guidance, FWRD will advance the future of luxury fashion commerce and the next wave of must-have designers and trends in the market. As the new Creative Director, Jenner will be in charge of the look and feel of the site, curation of brands sold on the site, monthly edits of must-have trends, styles, and looks, as well as marketing ideas, brand partnerships, and brand activations. Jenner will be kicking off her new role during New York Fashion Week in September 2021."
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NATR | Hot Stocks10:02 EDT Natures Sunshine Products launches new skincare line l'amara - Nature's Sunshine Products announced the launch of its new clean beauty line, l'amara today. The collection features a blend of natural ingredients from land and sea to boost natural beauty. Nature's Sunshine first introduced the l'amara line in Asia in 2020. The company said, "The l'amara collection features a proprietary blend of antioxidant-rich fermented green tea leaves and soothing algae, delivering naturally derived pre/probiotics with a blend of antioxidants and skin-nourishing nutrients to revitalize skin. Each product has been tested by dermatologists and undergone Nature's Sunshine's own rigorous testing to ensure each formula delivers clean, natural beauty."
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DD | Hot Stocks10:02 EDT DuPont Mobility & Materials to raise prices on select global brands - DuPont announced that, effective for shipments made on or after October 1, 2021, or as soon as contracts allow, DuPont Mobility & Materials will increase prices for select products globally. The company, which released a list of the affected products and planned increases by region, noted that "in certain cases higher increases may be required."
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BEDU | Hot Stocks10:00 EDT Bright Scholar falls -6.2% - Bright Scholar is down -6.2%, or -21c to $3.15.
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DAO | Hot Stocks10:00 EDT Youdao falls -6.4% - Youdao is down -6.4%, or -82c to $11.83.
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DY | Hot Stocks10:00 EDT Dycom falls -6.8% - Dycom is down -6.8%, or -$5.15 to $70.18.
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SKLZ | Hot Stocks10:00 EDT Skillz rises 12.0% - Skillz is up 12.0%, or $1.41 to $13.18.
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PVH | Hot Stocks10:00 EDT PVH Corp. rises 13.3% - PVH Corp. is up 13.3%, or $13.90 to $118.69.
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PLAN | Hot Stocks10:00 EDT Anaplan rises 16.3% - Anaplan is up 16.3%, or $9.77 to $69.75.
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TLMD | Hot Stocks09:59 EDT SOC Telemed CEO John Kalix resigns, Christopher Gallagher appointed - SOC Telemed announced the appointment of Christopher Gallagher as its Chief Executive Officer. Gallagher has served as a member of the company's board and as President of Access Physicians, a division of SOC Telemed, since March. Gallagher previously served as the Chief Executive Officer of Access Physicians Management Services Organization, an acute care telemedicine provider, from its founding in 2013 through the date we acquired that company in March. SOC also announced the appointment of David Mikula as its Chief Operating Officer. Mikula has served as Chief Operating Officer of Access Physicians, a division of SOC Telemed, since March. Mikula previously served as the Chief Operating Officer of Access Physicians from December 2017 through the date it acquired that company in March. On September 1, John Kalix resigned from his roles as Chief Executive Officer of the company and from the board. Additionally, Hai Tran resigned from his roles as President and Chief Operating Officer.
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FCUV | Hot Stocks09:55 EDT Focus Universal Inc trading resumes
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FCUV | Hot Stocks09:50 EDT Focus Universal Inc trading halted, volatility trading pause
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BBIG | Hot Stocks09:49 EDT Vinco Ventures trading resumes
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FB | Hot Stocks09:49 EDT Facebook launches Facebook Fantasy Games - In a blog post, Daniel Fletcher, product manager, entertainment for Facebook, said, "Today, we're rolling out Facebook Fantasy Games in the US and Canada on the Facebook app for iOS and Android. Facebook Fantasy Games are free, simple prediction games that help fans enjoy sports, TV shows and pop culture content together. These games bring the social fun of traditional fantasy sports to simpler formats that are easy to play for people new to prediction games, while still engaging enough for more seasoned players. In addition to public leaderboards, players can create their own fantasy league and compete against friends and other fans. Leagues, which can be public or private, will allow members to compare scores to others in the league and provide a place for members to share picks, reactions and comments...Available today, daily sports prediction game Pick & Play Sports is the first game we're launching, in partnership with Whistle Sports. Fans will get points for correctly predicting the winner of a big game, the points scored by a top player or specific events that unfold during a match. Players can earn bonus points for building a streak of correct predictions over a series of days. In the upcoming months, we will introduce new games with TV shows like CBS's Survivor and ABC's The Bachelorette, sports leagues like Major League Baseball and LaLiga Santander and premier digital publishers like BuzzFeed." Reference Link
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HCI | Hot Stocks09:47 EDT HCI Group falls -4.8% - HCI Group is down -4.8%, or -$5.33 to $106.33.
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REMX | Hot Stocks09:47 EDT VanEck Vectors Rare Earth/Strategic Metals ETF falls -4.8% - VanEck Vectors Rare Earth/Strategic Metals ETF is down -4.8%, or -$5.65 to $112.69.
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ACH | Hot Stocks09:47 EDT Aluminum Corp. of China falls -6.3% - Aluminum Corp. of China is down -6.3%, or -$1.15 to $17.12.
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PVH | Hot Stocks09:47 EDT PVH Corp. rises 14.0% - PVH Corp. is up 14.0%, or $14.72 to $119.51.
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SKLZ | Hot Stocks09:47 EDT Skillz rises 15.3% - Skillz is up 15.3%, or $1.80 to $13.57.
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PLAN | Hot Stocks09:47 EDT Anaplan rises 16.7% - Anaplan is up 16.7%, or $10.03 to $70.00.
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SSYS | Hot Stocks09:44 EDT Stratasys awarded $20M firm-fixed-price, IDIQ contract from DOD - On August 23, the Department of Defense announced that Stratasys was awarded a $20M firm-fixed-price, indefinite-delivery/indefinite-quantity contract that procures 25 F900 production 3D printer systems and initial support and sustainment to include technical support, installation, support equipment and ancillary equipment problem resolution, technical publication logistic support, original equipment manufacturer reach-back capability for software and hardware components, engineering investigations and corrective actions for system anomalies, and development of initial training for the supplied systems. "No funds will be obligated at time of award; funds will be obligated on individual orders as they are issued," the DOD notice stated. Reference Link
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BBIG | Hot Stocks09:44 EDT Vinco Ventures trading halted, volatility trading pause
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THO | Hot Stocks09:39 EDT Thor Industries acquires Airxcel for $750M - THOR Industries announced it has acquired Wichita, Kansas-based AirX Intermediate with the transaction closing effective September 1, 2021. Airxcel manufactures a comprehensive line of high-quality RV products which they sell to original equipment manufacturers as well as consumers via aftermarket sales through dealers and retailers. The purchase price is $750 million, subject to standard post-closing adjustments, and was funded through a combination cash-on-hand and $625 million from THOR's expanded Asset-Based Credit Facility. The acquisition is expected to be accretive to THOR's fiscal year 2022 earnings. Airxcel began in 1991 as a divesture of the Coleman RV Air Conditioner division. The company has continued to grow through innovative product development, market expansion, and strategic acquisitions. The Airxcel RV Group provides industry-leading products in recreational vehicle heating, cooling, ventilation, cooking, window covering, side wall, and roofing materials under the current brands: Aqua-Hot, CAN, Coleman-Mach, Dicor Products, United Shade, Vixen Composites, Maxxair, MCD, and Suburban. Airxcel's employees are based in five facilities across the U.S. and in Italy, where they design, manufacture, and distribute products all over the world. Transaction Financing Thor funded the acquisition of Airxcel from a combination of cash on-hand and its ABL facility. In conjunction with the Airxcel acquisition, THOR expanded its Asset-Based Credit Facility from $750 million to $1.0 billion under favorable terms for THOR.
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TRSSF GAEGF | Hot Stocks09:37 EDT TerrAscend to acquire Gage Cannabis for $545M - TerrAscend Corp. (TRSSF) and Gage Growth Corp. (GAEGF) announced that they have entered into a definitive arrangement agreement pursuant to which TerrAscend will acquire all of the issued and outstanding subordinate voting shares of Gage by way of a court-approved plan of arrangement under the Canada Business Corporations Act. Under the terms of the Arrangement Agreement, shareholders of Gage will receive 0.3001 of a common share of TerrAscend for each Gage Share held, representing a total consideration of approximately $545M based on the closing price of TerrAscend on August 31, 2021. The Exchange Ratio implies a consideration of $2.11 per Gage Share, representing a 18% premium based on the closing prices of both companies' shares on the Canadian Securities Exchange on August 31, 2021. Upon completion of the Transaction, the combined business will have operations in 5 states and Canada, including 7 cultivation and processing facilities and 23 operating dispensaries serving both medical and adult-use cannabis markets in the U.S. and Canada. The Transaction will be effected by way of a court-approved plan of arrangement pursuant to the Canada Business Corporations Act. Under the terms of the Arrangement Agreement, TerrAscend will acquire all of the issued and outstanding Gage Shares, with each Gage Shareholder receiving 0.3001 of a common share in the capital of TerrAscend for each Gage Share, implying a price per Gage Share of $2.11 which represents an 18% premium based on the closing prices of both companies shares on August 31, 2021. After giving effect to the Transaction, Gage Shareholders will hold approximately 19.8% of the issued and outstanding pro forma TerrAscend Shares. In connection with the Transaction, all outstanding options and warrants of Gage will be exchanged for replacement options and warrants of TerrAscend, exercisable to acquire that number of common shares of TerrAscend as is equal to the Exchange Ratio multiplied by the number of Gage Shares that the holders of the options or the warrants would have acquired if such holders had exercised such options or warrants immediately prior to the effective time of the Transaction. In connection with and as an integral part of the Transaction, TerrAscend, through a wholly-owned and controlled subsidiary has entered into a membership interest purchase agreement with the owners of the licenses that Gage supports in the State of Michigan to acquire, subject to regulatory approvals, all of the issued and outstanding membership interests of each of the Licensed Operators and/or all of the licenses owned by such Licensed Operators. As part of the Transaction, exchangeable shares indirectly owned by Rami Reda, an insider of Gage, will be transferred to TerrAscend in exchange for TerrAscend Shares on the basis of the Exchange Ratio. Certain exchangeable units held by Mike Hermiz, a director and officer of Gage, will remain in place following the closing of the Transaction. In this regard, Mr. Hermiz, Gage, TerrAscend and certain subsidiaries of Gage will, concurrently with the closing of the Transaction, enter into a support agreement that will, among other things, govern the terms and conditions under which Mr., Hermiz will be entitled to exchange his exchangeable units into TerrAscend Shares on the basis of the Exchange Ratio. In addition, all super voting shares of Gage held by Mr. Hermiz will be transferred to TerrAscend in connection with the closing Transaction for no consideration. Additional details of the Transaction will be described in the management information circulars that will be mailed to Gage Shareholders and TerrAscend shareholders, respectively, in connection with a special meeting of Gage Shareholders and a special meeting of TerrAscend Shareholders expected to be held in the fourth quarter to approve the Transaction. Additional information regarding the terms of the Arrangement Agreement, the background to the Transaction, the rationale for the recommendations made by the Special Committees and how shareholders can participate in and vote at the Gage Meeting or TerrAscend Meeting will be provided in the Gage Circular or TerrAscend Circular, as applicable. Subject to the receipt of all required approvals, closing of the Transaction is expected to occur in the first half of 2022. The Arrangement Agreement also provides for the payment of a termination fee of $30M by TerrAscend or Gage, as applicable, if the Transaction is not completed under certain limited circumstances.
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ADAG | Hot Stocks09:35 EDT Adagene Inc (ADS) trading resumes
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ADAG | Hot Stocks09:30 EDT Adagene Inc (ADS) trading halted, volatility trading pause
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CSSE | Hot Stocks09:30 EDT Chicken Soup for the Soul's Screen Media acquires 'Vince Carter: Legacy' - Chicken Soup for the Soul Entertainment announced Screen Media's acquisition of all rights to the documentary film Vince Carter: Legacy, which will premiere on the Crackle Plus Networks as an Original title in October. Through never-before-seen footage and exclusive interviews with NBA stars and personnel of past and present, including Julius Erving, Charles Barkley, Allen Iverson, Dirk Nowitzki, Jason Kidd, Dominique Wilkins, Kenny Smith, and Ernie Johnson, Legacy tells the full, definitive, unfiltered story of NBA icon Vince Carter.
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AMZN | Hot Stocks09:25 EDT Amazon opens two new central Maryland delivery stations - "Amazon is excited to announce the opening of two delivery stations in Hanover and Baltimore. The 72,000 square foot facility at 2100 Van Deman Street is the first delivery station in Baltimore city. The 194,000 square foot facility at 7226 Preston Gateway Drive is the company's third delivery station in Hanover. In celebration of the station launches, Amazon donated 650 pre-filled backpacks to Dundalk Elementary School and pajamas for critically ill children to Casey Cares Foundation. Delivery stations power the last mile of Amazon's order process and help speed up deliveries for customers. Packages are shipped to a delivery station from neighboring Amazon Fulfillment and Sortation Centers, loaded into delivery vehicles and delivered to customers. Delivery stations offer entrepreneurs the opportunity to build their own business delivering Amazon packages, as well as independent contractors the flexibility to be their own boss and create their own schedule delivering for Amazon Flex. Combined, the two stations will collaborate with ten Delivery Service Partners," said the company in a statement.
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STAB | Hot Stocks09:24 EDT Statera BioPharma provides update on integration of ImQuest - Statera BioPharma provided an update on the integration of the ImQuest BioSciences business unit and the status of the post-merger stock conversion process. Statera is now integrating ImQuest BioSciences, the drug development arm of ImQuest Life Sciences, into the company's existing drug development operations. ImQuest BioSciences has begun the initial round of preclinical testing to evaluate second-generation immune compounds, including toll-like receptors. Statera acquired ImQuest Life Sciences in an all-stock deal completed on June 23. ImQuest BioSciences, a contract research organization, now operates as a separate, wholly owned, revenue-generating subsidiary of Statera. Statera's wholly owned subsidiary, the formerly private Cytocom Inc., issued its Series A-2 preferred stock to the former stockholders of ImQuest Life Sciences. In connection with the merger between the formerly private Cytocom and Cleveland BioLabs, the holders of these Series A-2 preferred shares became entitled to receive an aggregate of $12M in value of Statera shares. Once the 30-trading-day period following the merger passes on September 7, 2021, Continental Stock Transfer and Trust will be able to issue to the former ImQuest stockholders their shares, with any remaining shares from the reserve being issued to the old Cytocom stockholders.
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DTE | Hot Stocks09:22 EDT DTE Energy announces $70M investment to combat weather-related power outages - DTE Energy announced an incremental $70 million investment to combat extreme weather-related power outages. The plan will direct additional funds to remove trees and trim branches away from power lines. Trees are responsible for almost all of the time DTE customers are without power during extreme high wind events. In areas where tree trimming has been completed, communities have experienced, on average, 60% fewer outages.The $70 million is on top of the $190 million DTE currently spends on tree trimming every year. The investment will not impact customers' bills. The DTE service area experienced five tornadoes this summer and eight storms with tropical force wind gusts of 39 to 74 miles per hour. High winds and extreme moisture in the ground uprooted trees which pulled down wires and poles. For example, DTE crews replaced 450 broken poles resulting from the Aug. 11 catastrophic storm that caused more than 500,000 customers to lose power. The plan, which adds $70 million to DTE's annual $190 million tree trimming program, was filed yesterday with the Michigan Public Service Commission.
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BCTX | Hot Stocks09:20 EDT BriaCell appoints Marc Lustig to board of directors - BriaCell announces the appointment of Mr. Marc Lustig to the Company's Board of Directors, effective September 1, 2021. Marc, through his investment company L5 Capital Inc., owns 1,530,000 common shares of BriaCell, representing 10.0% of BriaCell's issued and outstanding common shares. Lustig was the founder and CEO of Origin House which was sold to Cresco Labs in 2020 where he currently serves as a director.
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MTTR | Hot Stocks09:18 EDT Matterport appoints Seth Finkel as VP, public sector - Matterport, announced the appointment of Seth Finkel as VP Public Sector. Finkel will lead strategy and revenue growth for government agency markets as Matterport enters the public sector and digitizes U.S. Government facilities, infrastructure and strategic initiatives. Seth will help position the untapped value of Matterport's spatial data and industry-leading 3D capture technology for government agencies looking to advance their facility and infrastructure-based programs. He was previously VP Advanced Technology at Aventum, a 34,000 person organization which provides technical and engineering services to all 50 U.S. states, as well as 105 global countries and territories.
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TOPS | Hot Stocks09:17 EDT TOP Ships announces sale of last non-scrubber fitted tanker - TOP Ships announced that it has sold to unaffiliated third parties its last non-scrubber fitted vessel, the MR product tanker Nord Valiant. The related financing has been prepaid in full and the net cash proceeds of the sale amount to about $6.9M, before fees and expenses relating to the sale.
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SPRT | Hot Stocks09:15 EDT Support.com says ISS, Glass Lewis support proposed transaction with Greenidge - Support.com announced that both of the leading independent proxy advisory firms, Institutional Shareholder Services and Glass Lewis & Co. have recommended that Support.com shareholders vote for the proposed transaction with Greenidge Generation Holdings at Support.com's upcoming special meeting scheduled for September 10 . Both ISS and Glass Lewis have recommended that shareholders vote for all proposals to be presented at the special meeting, in accordance with the unanimous recommendation of the Support.com Board. "We welcome the favorable recommendations from ISS and Glass Lewis and are pleased that both proxy advisory firms recognize the compelling merits of the transaction with Greenidge," said Lance Rosenzweig, Support.com President and Chief Executive Officer. "The ISS and Glass Lewis recommendations reaffirm the Board's determination that the transaction with Greenidge provides the best path for maximizing value for Support.com shareholders."
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PBTS | Hot Stocks09:15 EDT Powerbridge announces availability of Ethereum mining operating system - The company states: "Powerbridge announced the availability of FXOS, a proprietary AI integrated operating system designed for the mining of Ethereum and other GPU based cryptocurrencies. FXOS is an automated and intelligent OS that can increase Ethereum mining efficiency by an estimated 15%. As a Linus based OS, FXOS can be deployed for large-sized mining operations of 100,000 level of mining machines with highly automated and intelligent functionalities for system operations and maintenance. It is also available with a convenient App capable of running on iOS, Android, Applet and Web." Shares of Powerbridge are up nearly 5% at $1.55 in pre-market trading.
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SGMS | Hot Stocks09:12 EDT Scientific Games signs 10-year contract with Azerbaijan National Lottery - Scientific Games has signed a comprehensive, 10-year agreement with Azerlotereya to support the national lottery and sports betting concession in Azerbaijan in southwestern Asia. The deal expands the company's partnership with Demiroren to Azerbaijan, where Demiroren is now operating the national lottery Azerlotereya. Scientific Games will exclusively supply retail and digital instant games, and its AEGIS omni-channel bet management system delivering iLottery, retail instant games and draw games nationally.
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FYBR | Hot Stocks09:10 EDT Frontier Communications partners with Red Ventures - Frontier Communications announced a multi-year partnership with Red Ventures to build digital capabilities to attract and serve new consumers as the company expands its fiber footprint. Frontier will partner with Red Digital, an AI-powered marketing solutions business within Red Ventures, to build a new digital innovation hub designed to improve online experiences and fuel subscriber growth. The partnership also includes a talent development program to create digital capabilities inside Frontier.
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ARD AMBP | Hot Stocks09:10 EDT Ardagh Group launches share-for-share exchange offer with Ardagh Metal Beverage - Ardagh Group (ARD) intends to launch an exchange offer early next week to acquire all of its outstanding Class A Common Shares in exchange for a portion of the shares of Ardagh Metal Packaging (AMBP) currently outstanding and held by AGSA. The AMPSA Shares commenced trading on NYSE on August 5 following the completion on August 4 of the transactions among AGSA, AMPSA and Gores Holdings V, with AGSA retaining an 82% ownership interest in AMPSA. Following the expiration of the exchange offer, each AGSA Share validly tendered and not withdrawn will be exchanged for 2.5 AMPSA Shares. Following the proposed exchange offer, AGSA intends to initiate the process for delisting of the AGSA Shares from the NYSE and their deregistration, which is intended to eliminate the inefficiencies resulting from both AGSA and AMPSA being publicly traded companies and having separate public reporting obligations. Completion of the proposed exchange offer will be subject to the satisfaction of customary conditions, as well as a condition that at least two thirds of the AGSA Shares will be validly tendered into the exchange offer and not withdrawn.
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MSGM | Hot Stocks09:08 EDT Le Mans Virtual Series returns to competition in September - Le Mans Virtual Series, a joint venture with Motorsport Games and the Automobile Club de l'Ouest, the creators and organizers of the world-famous 24 Hours of Le Mans and promoter of the FIA World Endurance Championship, returns to competition this September with a new name, revised format, portfolio of prestige partners and an exciting live grand finale televised for all fans. Following the notable success of last year's 24 Hours of Le Mans Virtual in June 2020, the newly re-named and expanded Le Mans Virtual Series will be a global, elite series made up of five rounds. The first four rounds, taking place between September and December, will be held strictly online, with the 24 Hours of Le Mans Virtual taking place as the climax of the premier endurance esports championship. The finale will be a live, televised event within the 2022 Autosport International motorsport show in Birmingham, U.K. on January 15 and 16, 2022, with 50% of the entire U.S.$250,000 prize fund available for the 24 Hours of Le Mans Virtual standalone race.
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KPLT | Hot Stocks09:07 EDT Katapult announces plans to assist customers affected by Hurricane Ida - Katapult announced its plans to assist its customers and the communities directly affected by Hurricane Ida. "Our thoughts and prayers are with the communities devastated by Hurricane Ida. Our primary concern is the safety and well-being of our customers, retail partners, and the communities that have been devastated by this storm," said Orlando Zayas, CEO of Katapult. "Our team at Katapult is working quickly to facilitate support and provide relief to those who need it so they can focus on what's most important, their safety." As part of its plan to provide assistance to the surrounding communities, Katapult is taking the following actions: Donating $50,000 to the American Red Cross to support the relief efforts in Louisiana and Mississippi; and extending hardship support to its customers in impacted areas via temporary payment reductions on regular lease payments. In addition, Katapult is reaching out to its customers and retail partners located in the directly affected area to see how they can further support them during this time.
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VRNS | Hot Stocks09:07 EDT Varonis announces Data Classification Cloud for Box and Google Drive - Varonis Systems announces Data Classification Cloud for Box and Google Drive. The offering adds data discovery context to complement DatAdvantage Cloud, a solution launched earlier this year that centrally monitors and protects data across multiple Software-as-a-Service and Infrastructure-as-a-Service applications.
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AXS | Hot Stocks09:05 EDT Axis Capital announces promotion of Usman Malik to Chief Pricing Actuary - AXIS Insurance, a unit of AXIS Capital Holdings, announced the promotion of Usman Malik to Chief Pricing Actuary. In this role, Mr. Malik will lead pricing strategy across the global Insurance segment, centered around enabling a consistent and global approach for portfolio construction. He will work in partnership with group underwriting and Insurance segment business leaders to establish pricing that supports the underwriting process and aligns with the Company's risk and profitability thresholds. Mr. Malik is based in the Company's London office.
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WFC | Hot Stocks09:05 EDT Wells Fargo, AutoFi partner for automotive lending - Wells Fargo & Company has joined AutoFi's North American network of automotive lenders. AutoFi is the leading commerce platform for end-to-end digital automotive sales and financing. The new collaboration supports Wells Fargo's goal of offering customers more digital options while also giving consumers the additional flexibility they want to quickly and easily conduct business.
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AAPL | Hot Stocks09:05 EDT Apple announces first states to rollout adding license, state ID to Wallet - Apple announced that it is working with several states across the country, which will roll out the ability for their residents to add their driver's license or state ID to Wallet on their iPhone and Apple Watch. Arizona and Georgia will be the first states to introduce this new innovation to their residents, with Connecticut, Iowa, Kentucky, Maryland, Oklahoma, and Utah to follow. The Transportation Security Administration, or TSA, will enable select airport security checkpoints and lanes in participating airports as the first locations customers can use their driver's license or state ID in Wallet. Built with privacy at the forefront, Wallet provides a more secure and convenient way for customers to present their driver's licenses and state IDs on iPhone or Apple Watch.
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U | Hot Stocks09:04 EDT Unity Software, HiDef collaborate to develop mobile game - HiDef announced an important round of new mobile gaming hires and a collaboration with Unity. HiDef will be developing their first title, a genre-defining metaverse mobile game, using Unity's technology platform for creating and operating interactive, real-time 3D content. HiDef's flagship title will be featured in the Made with Unity co-marketing program as well as benefit from working alongside Unity's Operate Solutions Gaming Services team. "The team at HiDef is committed to enhancing our vision of empowering creators around the world to share their stories," said Jessica Lindl, Vice President, Social Impact, Unity Technologies. "HiDef is a perfect collaborator for Unity, as we have shared values and a shared stance on the power of inclusive storytelling to make real-world changes. After seeing what HiDef is creating and the culture they are building in their studio, we are thrilled to work with them and excited to see what's in store with their first title and beyond." HiDef's also announced several new hires, including Chip Lange as President, Jen Donahoe as Head of Publishing and Marketing, Chad Stafford as Executive Producer, and Chris Cleary as Director of Product Management and Analytics.
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PCTY | Hot Stocks09:03 EDT Paylocity acquires Blue Marble Payroll, terms not disclosed - Paylocity announces the acquisition of Blue Marble Payroll, a longtime partner providing international payroll solutions. Blue Marble is a leading global payroll provider for companies seeking more control and convenience in international payroll processes and currently serves approximately 450 clients. Blue Marble's platform enables U.S.-based companies to manage payroll for employees outside the U.S. in line with complex local and country-specific requirements across more than 150 countries. Paylocity has worked with Blue Marble since its start in 2013, helping shared clients with their international payroll needs. As more economies around the world open and companies increasingly look for talent anywhere while enabling more flexibility for where employees work, the challenge of managing international payroll has increased. Through Paylocity's acquisition of Blue Marble and its approximately 75 employees, clients will be able to better manage their international workforces through a unified solution to pay employees, automate processes, and stay compliant with local regulations in other countries. Paylocity expects Blue Marble to represent less than 2% of total revenue in fiscal 2022. Paylocity will update financial guidance in the normal course of business in their first quarter fiscal 2022 earnings release.
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QUIK | Hot Stocks09:03 EDT QuickLogic wins $2M eFPGA contract - QuickLogic has won a $2M embedded FPGA contract. The revenue for the contract is expected to be recognized during the second half of FY21. Q3 revenue guidance range and outlook for FY21 growth previously provided is unchanged.
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IAIC | Hot Stocks09:02 EDT Information Analysis says SBA loan program begins operating - Information Analysis Incorporated announced that the modernization of the Fiscal Transfer Agent of the U.S. Small Business Administration 7(a) Loan Program and Secondary Market project on which IAI has been a critical team member for over a year has begun operating. The newly modernized system will allow the FTA program through its partners to better perform loan servicing, technology modernization, and financial services for SBA's loan programs, which have grown to over 7,500 lenders and nearly one trillion in assets. The 7(a) loan program grew substantially during this modernization process as the Paycheck Protection Program and its constantly-evolving guidance is administered under the 7(a) program. IAI was engaged by the prime contractor to join a technology team for the enhancement, transformation, and modernization of SBA's current 7(a) Loan system environment, which includes complex legacy computer systems.
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HYMTF | Hot Stocks09:01 EDT Hyundai Motor America reports total August sales of 56,200 units, down 4% y/y - Hyundai Motor America reported total August sales of 56,200 units, a 4% decrease compared with August 2020. Hyundai total car sales increased 8%, led by Sonata (+4%), Elantra (+20%) and Ioniq (+21%), while eco-friendly vehicles rose by 245%. Hyundai also set new August total sales records for Venue, Ioniq EV, Ioniq PHEV, Kona EV and Nexo.
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ANGI | Hot Stocks09:01 EDT Angi Inc. appoints Dhanusha Sivajee as Chief Marketing Officer - Angi announced the appointment of Dhanusha Sivajee to Chief Marketing Officer, effective September 7, 2021. As CMO, Sivajee will oversee the company's brand marketing vision, strategy and execution for both homeowners and pros. Sivajee most recently served as CMO of The Knot Worldwide.
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KNCAY | Hot Stocks09:00 EDT Konica Minolta rebrands ECM division - Konica Minolta Business Solutions is pleased to announce it has completed an extensive rebrand of its enterprise content management product portfolio and organizational design in an effort to support customers with their digital transformation. Moving forward, Konica Minolta will use Intelligent Information Management as an all-encompassing term for its content, process and analytics services in support of the digital workforce. As the ECM industry has evolved in recent years, Konica Minolta has kept pace by expanding its capabilities beyond standard automated workflow, offering business process automation, robotic process automation, analytics and more. By rebranding and creating a dedicated practice, Konica Minolta aims to accelerate its DX efforts and expand its capabilities in the area of professional services coupled with valued-added software-as-a-service offerings.As IIM, Konica Minolta has refined the pillars within this practice, with all solutions scalable to serve customers of all sizes. These pillars include: Workflow Process Collaboration and Management; Content and Case Management; Business Process Outsourcing; Intelligent Automation and Robotic Process Automation; Business Process Automation and Analytics; Business Process Management.
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PLTR SFTW | Hot Stocks09:00 EDT Palantir Technologies commits to equity stake in BlackSky, size undisclosed - BlackSky Holdings announced that Palantir Technologies(PLTR) has committed to making an equity investment in BlackSky, which is scheduled to close after the completion of BlackSky's business combination with Osprey Technology Acquisition (SFTW). Following the successful completion of a joint pilot program between BlackSky and Palantir, this investment signifies the strengthening of a strategic collaboration that will enable BlackSky to further extend its capabilities and meet the increasing demand for global monitoring services from its and Palantir's customers. Through the pilot project, BlackSky automatically delivered insights and intelligence to Palantir customers within minutes of collection, without any human interaction. The ability to quickly deliver worldwide intelligence that can inform proactive strategic decision-making introduces a significant advantage in time-sensitive operations. "This collaboration further enables BlackSky to put the power of real-time intelligence in the hands of the user by allowing Palantir customers to directly task our satellites, reduce decision-making timelines and increase the delivery of on-demand insights," said Brian E. O'Toole, CEO of BlackSky. "Our partnership with Palantir will accelerate our go-to-market plan, expanding our pipeline of commercial and government customers around the world."
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ORBC | Hot Stocks08:58 EDT Orbcomm announces completion of acquisition by GI Partners - ORBCOMM announced the completion of its acquisition by GI Partners, a leading US-based private investment management firm, in an all-cash transaction that values ORBCOMM at approximately $1.1 billion, including net debt. Under the terms of the transaction, which was announced on April 8, 2021, ORBCOMM stockholders will receive $11.50 in cash per outstanding share of common stock, representing a premium of approximately 52% to ORBCOMM's closing share price on April 7th and a 50% premium over the 90-day volume-weighted average share price through that date. The transaction was approved by ORBCOMM stockholders on July 8, 2021. Effective today, ORBCOMM is a privately held company, and its common stock is no longer listed on the Nasdaq Stock Market.
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NVFY | Hot Stocks08:53 EDT Nova Lifestyle provides update on Las Vegas Market Summer 2021 - Nova LifeStyle is pleased to announce, Diamond Sofa, a wholly owned subsidiary of the Company, participated at Las Vegas Market Summer 2021 which took place August 22 - 26. "We are very pleased to receive the positive feedback from current and prospective clients like Rapport, Lamps Plus, Regency, Coco Furniture Gallery and Slumberland with 120 stores across twelve states as well as the interaction we had with manufacturers, retailers and other businesses that support the furniture business," Tawny Lam, Chairperson and Chief Executive Officer of Nova LifeStyle stated. "We are very proud to have launched several new upholstery collections, that capture the latest in-demand style while incorporate modular aspect and flexibility with comforts." The Diamond Sofa showroom saw a steady flow of buyers attracted by fresh product introductions and product availability. Buyers at the show included US top-100 and international retailers, in addition to interior and event designers in the trade
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AYRWF | Hot Stocks08:51 EDT Ayr Wellness enters LOI to acquire PA Natural for $80M upfront consideration - Ayr Wellness has entered into a binding letter of intent to acquire PA Natural Medicine, an operator of three licensed retail dispensaries, deepening Ayr's presence in the rapidly growing medical market in the Commonwealth of Pennsylvania. PA Naturals has locations in the college towns of Bloomsburg and State College, as well as Selinsgrove, PA and operates under the retail banner "Nature's Medicine". The acquisition is expected to close in Q4 2021 and the Company expects to rebrand the dispensaries under the AYR Wellness banner shortly after closing. Ayr intends to purchase 100% of the membership interests of PA Natural. The terms of the transaction include upfront consideration of $80 million, made up of $20 million in stock, $25 million in seller notes and $35 million in cash. An earn-out of up to $40 million, based on 2021 EBITDA hurdles, is payable in Q1 2022 and includes a maximum additional cash payment of $10 million with the remainder paid in stock and notes. The acquisition is subject to customary closing conditions and regulatory approvals. Operations of PA Naturals will remain unchanged pending the closing.
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NDAQ | Hot Stocks08:50 EDT ADX signs agreement with Nasdaq for marketplace technology solutions - Abu Dhabi Securities Exchange announced that it has taken a key step towards launching a derivatives market this year by signing an agreement with Nasdaq to deliver marketplace technology solutions, including matching, real-time clearing and settlement technology. ADX is rapidly expanding asset classes and developing new offerings for both regional and international investors. The ADX General Index has recently reached 7700 points for the first time, supported by a series of listings and increased participation by international investors. In addition, the index has gained 52% year to date, making it one of the best performing equity indexes in the world. The exchange plans to launch single stock futures and index futures in the fourth quarter of this year before expanding to a wider range of derivative products. The initiative will further diversify investment avenues and provide investors with hedging tools for effective risk management. The derivatives market will be accompanied by introducing central counterparty clearing to promote clearing efficiency, stability and confidence in the market.
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ONEM | Hot Stocks08:48 EDT One Medical completes acquisition of Iora Health - One Medical announced it has completed the acquisition of Iora Health, a human-centered, value-based primary care organization with built-for-purpose technology focused on serving Medicare populations. As of July 31, 2021, Iora took care of approximately 39,000 total patients, including 31,000 At-Risk members, 3,000 Consumer and Enterprise members, and 5,000 Other Patients.
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ONEM | Hot Stocks08:48 EDT One Medical appoints Mary Ann Tocio to board of directors - One Medical announced the appointment of Mary Ann Tocio to its board of directors. Ms. Tocio is the former President and Chief Operating Officer of Bright Horizons Family Solutions, and joins the board with over 30 years of leadership and operational experience.
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AVY | Hot Stocks08:45 EDT Avery Dennison enters strategic partnership with Parsl and NXP for smart tags - Avery Dennison, Parsl, a seed-to-sale compliance-and-tracking company, and NXP, a manufacturer of RFID and NFC semiconductor chips, have announced a strategic partnership going forward. The partnership will encompass helping the cannabis industry communicate through the technological partnership of Parsl, NXP, and Avery Dennison Smartrac. This partnership will leverage the intellectual technological property of Parsl and the manufacturing capabilities of NXP and Avery Dennison Smartrac. In the near future, customers in parts of Africa, Australia, Europe, and the USA can expect to see Parsl/SmarTrac tags on products and growers plants. These tags are currently seen as the only method to really achieve item level tracking in a secure manner.
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DAL | Hot Stocks08:43 EDT Delta Air Lines, Spotify partner for playlists on Delta seatback screens - In a blog post, Delta (DAL) said, "Every journey has a story that can be told in music, which is why Delta and Spotify (SPOT) are partnering to reimagine the in-flight audio experience exclusively on Delta Studio. Beginning in September, customers on Delta will be able to listen to specially curated versions of Spotify's most popular playlists and more than 40 select podcast series curated by Spotify and Delta directly from the airline's industry-leading seatback screens.The partnership brings together the world's most awarded airline with the world's largest audio streaming service. Spotify reaches more than 365M monthly active users in 178 markets around the world - helping listeners connect with culture through music, podcasts and curated content that reflects the world around them. Available only on Delta, customers can enjoy eight specially curated versions of Spotify playlists that feature tastes of some of Spotify's most popular playlists, including: Mood Booster, Relax & Unwind, RapCaviar and Hot Country. In the same way the airline regularly refreshes Delta Studio with new hit movies and TV shows from top studios, these curated playlist mixtapes and podcasts will be regularly updated and expanded with new tracks and episodes to ensure customers always have the latest hits and new playlists during their journey - including selections from artists and genres they might not have discovered yet." Reference Link
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EOSE | Hot Stocks08:41 EDT Eos Energy Enterprises appoints Claude Demby to board of directors - Eos Energy Enterprises announced the appointment of Claude Demby to the Board of Directors, effective August 27, 2021. Currently President of Cree LED, a SMART Global Holdings, Demby has executive leadership experience holding senior roles within the automotive, aerospace and materials technology industries. Demby has Board experience, as he currently serves as Chair of the Nominating and Governance Committees and Board Director of Brown Capital Management Mutual Fund Trust. He is also a Board Director and Chair of the Nominating and Governance Committees of Piedmont Lithium.
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RSKD W | Hot Stocks08:40 EDT Riskified and Wayfair further pact to optimize omnichannel, while cutting fraud - Riskified (RSKD) announced its partnership renewal with Wayfair (W). Wayfair plans to deploy Riskified's risk management solutions and deliver new, dynamic channels that will delight its customers and suppliers. In 2018, Wayfair partnered with Riskified to automate and scale its approach to payment fraud. Since then, Wayfair has gained a significant return on investment, greatly reducing fraud losses and false declines while minimizing customer friction. Riskified enables a frictionless eCommerce experience through its proprietary machine learning platform that reviews every transaction in order to accurately approve legitimate purchases while protecting the merchant from fraud. Extending their partnership will allow Riskified and Wayfair to continue solving complex problems related to online shopping, checkout and payments. Both are dedicated to using next-generation technology to improve the eCommerce journey. Wayfair is reinventing the way people shop for their homes through constant innovations, from proprietary search and product visualization to an end-to-end global logistics network. Riskified pioneered the chargeback guarantee model for fraud management and is the only enterprise-focused partner providing it as a core service for the largest and the fastest-growing eCommerce brands in the world.
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IDT | Hot Stocks08:40 EDT Swisher International renews data partnership with National Retail Solutions - National Retail Solutions announced that Swisher International has entered into a multi-year data license renewal for certain NRS point-of-sale scanner data. NRS' POS network serves over 13,100 independent convenience stores and other small format retailers nationwide.
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ABVC | Hot Stocks08:39 EDT ABVC BioPharma announces new PCT filings for MDD, ADHD treatments - ABVC BioPharma announced it has filed new PCT applications in connection with its medicines that treat major depressive disorder, or MDD, and Attention-Deficit Hyperactivity Disorder, or ADHD. The two PCT applications describe the treatment methods of oral administrating compositions containing Radix Polygalae extract, or PDC-1421. PDC-1421 is the active ingredient for both the company's MDD and ADHD drugs. A recently completed Phase II Part II clinical study for ABVC's MDD medicine was a randomized, double-blind, placebo-controlled, multi-center trial, involving 60 adult patients with confirmed moderate to severe MDD who were treated with PDC-1421 three times a day for six weeks. PDC-1421 met the pre-specified primary endpoint by demonstrating a highly significant 13.2-point reduction in the Montgomery-Asberg Depression Rating Scale total score by Intention-To-Treat analysis, averaged over the 6-week treatment period from baseline, as compared to 9.2-point reduction of the placebo group. "We believe that the PCT filings, which provide quick entries to PCT contracting countries, such as China, Japan and European Union, can facilitate the global IP protection of our important MDD and ADHD products," said Dr. Howard Doong, ABVC BioPharma chief executive officer. "The PCT's and subsequent national phase applications, when granted, can extend our product's global market exclusivity to 2040~2041."
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CODI | Hot Stocks08:39 EDT Compass Diversified completes simplification of tax structure - Compass Diversified announced that it has completed its planned tax reclassification. Effective today, Compass Diversified Holdings will be treated as a corporation for U.S. federal income tax purposes. CODI expects that being treated as a corporation for U.S. federal income tax purposes will: Increase share liquidity with broadened pool of investors; Reduce weighted average cost of capital; Create more flexibility in investment decisions; Improve the likelihood of CODI's stock's inclusion within stock indices; Improve the Company's profile with ratings agencies; and Reduce administrative cost. As previously announced, in order to offset a portion of the tax liability to the shareholders as result of the election to cause the Trust to be treated as a corporation for U.S. federal income tax purposes, the Board declared a special cash distribution of $0.88 per share on the Trust's common shares. The distribution on the Common Shares is payable on September 7, 2021 to all holders of record of Common Shares as of the close of business on August 31, 2021.
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DXR | Hot Stocks08:38 EDT Daxor CEO Feldschuh provides corporate update in letter to shareholders - Daxor announces it issued a corporate update in a Letter to Shareholders filed in its certified shareholder report on form N-CSR on August 30, 2021, from CEO & President, Michael Feldschuh: "I have never been more excited about the progress of our company or the prospects for our business in the time ahead. Daxor has been working hard for years as the global leader in blood volume measurement technology to drive sales and adoption of our novel FDA-cleared diagnostic in the healthcare system... In 2022, Daxor plans on launching its new point-of-care blood volume analysis systems, developed under multiple contracts by the US Department of Defense, or US DOD, a significant leap forward in our market-leading technology and the most important product launch in 20 years for the company. Our new systems are planned to be three times faster, simpler, and as announced in March of this year will have an option for a novel fluorescing marker as well as a nuclear tracer for use in new care settings beyond our current systems. To realize that promise and the enormous market potential for our products requires the company to execute on three key areas of performance: strong commercialization, next-generation product development, and continued clinical outcomes. Beginning with financial performance, the Company is pleased to report a 26.5% increase in the unaudited revenues of our blood volume diagnostic operating division for the six-month period ended June 30, 2021, as compared to the same period in the prior year. Revenue growth was driven by a combination of the sale and leasing of our capital equipment to hospitals and orders for our single-use blood volume diagnostics kits for heart failure management, critical care use, as well as other indications... Accelerating commercialization is a priority for Company management... Importantly, Daxor entered into agreements in the first half of this year with two distributors to amplify the reach of our products at hospitals not covered by Daxor's own reps. Management anticipates that there will be sales force of over 50 composed of Daxor's territory managers, clinical support team, and third-party distributor reps backed by Daxor's internal marketing team... Equally important is the progress that Daxor has made in the area of clinical outcomes utilizing our blood volume analyzer systems. In May of this year Management announced a landmark grant from the National Institutes of Health awarded to Daxor and investigators at the VA Hospital system for a prospective randomized multi-center blood volume trial for the treatment of heart failure with Daxor's systems. This multi-phase study has already begun and will add to the significant evidence of the impact of blood volume guided care in reducing HF readmissions and mortality.... The Company also announced in August that a promising research letter on the use of Daxor's BVA-100 analyzer on six COVID-19 patients at NYU Medical center had been published in the prestigious Journal of Critical Care. Daxor's prospective multi-center trial has enrolled more than 50% of its goal and results are expected later this year... The third area of focus of the company has been the vital research and development of next generation Blood Volume Analyzers, or BVA... The US DOD and the Center for Advancing Point of Care Technology have awarded the Company an additional four contract awards for Daxor's next generation blood volume analyzer.. Management anticipates that there will be significant interest and uptake of the new systems based upon preliminary discussions with clinicians helping to develop the technology. Daxor's next generation devices will also be eligible for Phase III funding awards and acquisition by branches of the military for their deployment to aid in combat casualty care."
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FLIC | Hot Stocks08:37 EDT First Long Island to close, consolidate eight branches into nearby locations - The First of Long Island Corporation reported that the Bank will close and consolidate eight branches into nearby locations on November 30, 2021. The announcement follows the 2020 closing and consolidation of six branches as Senior Management is implementing its plan to right-size the legacy branch network while expanding geographically with de novo branching. New branch growth is currently focused on eastern Suffolk County, New York with a branch opened in December 2020 at 140 Main Street in Riverhead and a branch preparing to open in the next several weeks at 100 Pantigo Place in East Hampton. The Bank expects a pre-tax charge of no more than $3.8 million during the remainder of the year for closing-related costs mostly from the acceleration of amortization and depreciation on the right of use and other fixed assets for the locations to be closed. Future cost savings are estimated to benefit 2022 pre-tax income by $2.3 million, with an estimated earn back period of approximately twenty months. The closings and consolidations include: Northport Village consolidating into Northport; Sea Cliff consolidating into Glen Head; Bellmore consolidating into Merrick; Cold Spring Harbor consolidating into Huntington; Oceanside consolidating into Rockville Centre; Greenlawn consolidating into Northport; Little Neck consolidating into Lake Success; and Fort Hamilton consolidating into Bay Ridge.
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ET SFTBY | Hot Stocks08:37 EDT Energy Transfer signs solar power purchase deal with SoftBank unit SB Energy - Energy Transfer (ET) announced it signed a 15-year Power Purchase Agreement with San Francisco-based SB Energy (SFTBY) for 120 megawatts of electricity from its Eiffel Solar project in northeast Texas. Energy Transfer is a Fortune 100 midstream energy company based in Dallas. "We are pleased to announce this PPA with SB Energy," said Tom Mason, head of Energy Transfer's Alternative Energy Group. "It is our second significant agreement to purchase low-cost solar power to help us meet our ERCOT load requirements for our operations throughout Texas. The first was the Maplewood 2 solar farm in the Permian Basin that came online earlier this year." SB Energy, a wholly owned subsidiary of SoftBank Group Corp., is scheduled to begin construction of the 200-megawatt Eiffel Solar project located in Lamar County the first half of 2022. The project will start to deliver energy to Energy Transfer in January of 2024.
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LCID | Hot Stocks08:36 EDT Lucid Group down 19% in pre-market as lock-up expires - Shares of electric vehicle hopeful Lucid Group are down $3.74, or 19%, to $16.22 in pre-market trading as a lock-up period expires that will allow PIPE shareholders to sell stock for the first time since Lucid completed its merger with special purpose acquisition company Churchill Capital Corp IV.
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FMCC | Hot Stocks08:36 EDT Freddie Mac to ramp up Low-Income Housing Tax Credit equity investments - Freddie Mac will begin ramping up its Low-Income Housing Tax Credit equity investments, which support affordable housing throughout the United States. The move comes in response to the Federal Housing Finance Agency's announcement that it has increased the annual cap on Freddie Mac's LIHTC Equity investments from $500 million to $850 million. Freddie Mac has provided approximately $500 million in LIHTC Equity investments each year since reentering the market in 2018.
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XELA | Hot Stocks08:35 EDT Exela Technologies announces completion of $150M ATM offering - Exela Technologies announced that the Company completed its $150 million at-the market equity program announced on June 30, 2021. The Company has an expanded liquidity position of over $200 million as of August 31, 2021 and has reduced cumulative net debt by $200 million year-to-date. These actions position Exela well to pursue strategic growth investments and other value creation opportunities. As discussed on our Q2 2021 earnings call, the Company plans to continue the strategy to further create shareholder value through opportunistic debt repurchases to improve Exela's free cash flow generation.
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GSL | Hot Stocks08:33 EDT Global Ship Lease repurchases of 521,650 shares, insider purchases 2.5M shares - Global Ship Lease announced that B. Riley Financial has purchased 3 million Class A common shares from Kelso & Company at a price of $19.17 per share, a discount of 5% to the closing price on August 31, 2021. 521,650 of the Acquired Shares were subsequently purchased from B. Riley at the same cost of $19.17 by Global Ship Lease's Executive Chairman George Youroukos, and a further 521,650 were purchased by the Company from B. Riley at the same cost and will be retired, reducing the issued and outstanding shares of the Company to 36,216,803. Following these transactions, Kelso's remaining holdings of Global Ship Lease have been reduced to approximately 4.9% of shares outstanding, while Mr. Youroukos's holding has increased to approximately 6.4% of shares outstanding.
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METX | Hot Stocks08:33 EDT Meten Edtechx to develop blockchain and cryptocurrency business - Meten EdtechX has adopted a new initiative to develop a blockchain and cryptocurrency business with the goal of transitioning the company into a new benchmark. The company had devised a blockchain technology strategic plan, intended to introduce Dogecoin reward mechanism, and applied non-fungible token for digital copyright in online education. The company plans to build a new business division and set up a professional team to promote blockchain and cryptocurrency business in the following two to three months. The company is contemplating purchasing mining machines and NFT assets and placing them into operation in the U.S. or Canada. The company is also considering building its own mining farm and is currently searching for low-cost natural gas, oil mines and other suitable sites in Canada.
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SIFY | Hot Stocks08:31 EDT Sify Technologies enters channel partnership with Colt Technology Services - Sify Technologies announced a channel partnership with Colt Technology Services. The partnership introduces Sify's collaborative practices for Oracle Cloud Infrastructure, the Infrastructure-as-a-Service that delivers on-premises computing power to run cloud-native and enterprise company's IT workloads. This is made possible by Colt's network connectivity capability with its On Demand service allowing specifically for connectivity to be flexed up for the OCI migration. Translated, that means, the customer gets the additional connectivity only when it is required.
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ATLC | Hot Stocks08:31 EDT Atlanticus Holdings promotes Linda Brooks to Chief Technology Officer - Atlanticus announced the appointment of Linda Brooks as Chief Technology Officer. Brooks will lead the company's technology development as Atlanticus continues to facilitate financial solutions to meet the needs of everyday consumers.
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ATCO ZIM | Hot Stocks08:30 EDT Seaspan announces order for five 7,000 TEU dual-fuel LNG containerships - Seaspan, a wholly owned subsidiary of Atlas Corp. (ATCO), announced that ZIM Integrated Shipping Services (ZIM) has exercised its option to enter into long-term charters of five ultra-modern 7,000 TEU dual-fuel liquefied natural gas containership newbuilds . ZIM was granted this option in connection with the agreement to charter ten vessels of the same class announced on July 6th, 2021. Seaspan will enter into agreements with a major shipyard to construct the LNG Containerships, which are anticipated to be delivered during the fourth quarter of 2024. The LNG Containerships are anticipated to be financed from existing liquidity, cash flow from operations, and additional borrowings.
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QTNT | Hot Stocks08:26 EDT Quotient appoints Christian Albrich to CPO - Quotient announced that Christian Albrich has been appointed as Chief People Officer of the Company and will begin serving in that role as of today. Albrich joins Quotient from Galderma where he served as their Chief Human Resources Officer. In connection with his appointment, the Company granted Mr. Albrich 60,169 performance-based restricted share units, 36,102 Restricted Stock Units and share options to purchase 36,813 of the Company's ordinary shares. Such grants were issued outside of the Company's 2014 Stock Incentive Plan and were approved by the Company's Board of Directors and the Remuneration Committee of the Board of Directors pursuant to the inducement grant exception under the Nasdaq Rule 563(c)(4), as an inducement that is material to Mr. Albrich's joining the Company as the Chief People Officer.
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DSEY | Hot Stocks08:25 EDT Diversey appoints Rod Hochman to board of directors - Diversey Holdings has appointed Rod Hochman, M.D. to the company's board of directors, effective September 1, 2021. This appointment will bring the total number of directors to ten. Rod Hochman, M.D. has been the President and Chief Executive Officer of Providence, a not-for-profit health system since 2013.
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HLBZ | Hot Stocks08:25 EDT Helbiz teams with VOX to launch interactive map of Washington, D.C. - Helbiz announced a partnership with VOX, a global firm in technological solutions for tourism and culture, to launch an interactive map with a dedicated audio guide for riders throughout the Washington, D.C. metropolitan area. In collaboration with VOX POPguide, a mapping and audio technology platform, Helbiz has developed a new form of experiential tourism that will merge sustainable mobility with the local culture..."Helbiz and VOX are bound by the shared vision of innovation, technology and advancing intra-urban mobility. Following the successful launch of the first Helbiz interactive map integration in Rome, the two companies teamed up again to create a Washington, D.C. edition. The service will offer registered Helbiz users a dynamic guided tour across the historical sites of the city via e-scooter. Riders can access the map through the Helbiz mobile app, where they will have the option to select an English or Italian language audio guide package that provides fascinating storytelling about each point of interest," said the companies.
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SAPIF | Hot Stocks08:25 EDT Saputo completes acquisition of Carolina Aseptic, Carolina Dairy businesses - Saputo announces that it has completed the acquisition of the Carolina Aseptic and Carolina Dairy businesses formerly operated by AmeriQual Group Holdings. These businesses, which join Saputo's Dairy Division under its USA Sector, are conducted at two facilities in North Carolina and employ a total of approximately 230 people. The purchase price of $118M, on a cash-free and debt-free basis, was paid in cash at closing. Carolina Aseptic develops, manufactures, packages, and distributes aseptic shelf-stable food products and beverages out of a purpose-built facility in Troy, North Carolina. Nearby, Carolina Dairy manufactures, packages, and distributes refrigerated yogurt in spouted pouches in Biscoe, North Carolina. The acquisition of these businesses will better position Saputo to capture the growing demand for aseptic protein beverages and nutritional snacks.
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AGFMF | Hot Stocks08:23 EDT AGF Management announces multi-year partnership with Indspire - AGF Management Limited is pleased to announce a multi-year partnership for the creation of a scholarship program with Indspire, a national Indigenous organization that invests in the education of Indigenous people, enabling their success through financial awards, resources and role models.
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CHRS | Hot Stocks08:22 EDT Coherus, Junshi announce completion of rolling BLA submission for toripalimab - Shanghai Junshi Biosciences and Coherus Biosciences announced the completion of the rolling submission of the Biologics License Application to the U.S. Food and Drug Administration for toripalimab in combination with gemcitabine and cisplatin for first-line treatment for patients with advanced recurrent or metastatic nasopharyngeal carcinoma and toripalimab monotherapy for second-line or above treatment of recurrent or metastatic NPC after platinum-containing chemotherapy. The FDA recently granted Breakthrough Therapy Designation for toripalimab in combination with chemotherapy for 1st line treatment of recurrent, locally advanced or primary metastatic non-keratinizing nasopharyngeal carcinoma and earlier in 2020 granted BTD for toripalimab monotherapy for patients with recurrent or metastatic non-keratinizing NPC with disease progression on or after platinum-containing chemotherapy. BTD is intended to expedite the development and regulatory review of drugs where preliminary clinical evidence demonstrates substantial improvement over existing therapies for a severe or life-threating disease. Drugs with BTD will be granted more frequent FDA interaction and intensive guidance - including that from senior FDA officials - on the development program and ability to participate in various forms of expedited FDA review programs to provide patients with new therapy as soon as possible. The submission is supported by the results from "POLARIS-02" and "JUPITER-02". The POLARIS-02 study is a multi-center, open-label, pivotal Phase II clinical study, results of which were published online in January 2021 in Journal of Clinical Oncology. The JUPITER-02 study is a randomized, double blind, placebo-controlled pivotal Phase 3 clinical trial, results of which were recently presented at the ASCO plenary session and published in the August 2021 on-line edition of Nature Medicine.
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JOBY | Hot Stocks08:20 EDT Joby and NASA collaborate to measure noise footprint of electric air taxi eVTOL - Joby Aviation this week became the first company to fly an all-electric vertical takeoff and landing, eVTOL, aircraft as part of NASA's Advanced Air Mobility National Campaign. NASA's AAM National Campaign is designed to promote public confidence in emerging aviation markets, such as passenger air taxis, through flight testing in realistic scenarios and data analysis that will inform the development of regulatory standards for emerging aviation platforms. As part of the two-week test campaign at Joby's Electric Flight Base near Big Sur, California, NASA and Joby will join forces to study the acoustic signature of the all-electric Joby aircraft, which the company intends to operate as part of a commercial passenger service beginning in 2024.
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SMDM | Hot Stocks08:20 EDT Singing Machine annouces release of Carpool Karaoke Microphone 2.0 - The Singing Machine Company announces the official product release of its Carpool Karaoke Microphone 2.0. The new product release follows the success of the first version of the Carpool Karaoke Microphone which became a sensation on TikTok last year. The next generation microphone has been reimagined with expanded capabilities to better target social media based consumers.
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MFON | Hot Stocks08:17 EDT Chicken Shack selects Mobivity's text marketing platform - Mobivity Holdings announced that Chicken Shack, a growing Las Vegas-based fast casual restaurant chain with locations across Nevada, California, Colorado, Oregon, and Washington, has selected Mobivity SmartMessage to help fuel the franchise's continued growth.
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KSU... | Hot Stocks08:17 EDT Kansas City Southern receives unsolicited proposal from Canadian Pacific - Kansas City Southern (KSU) announced that it has received an unsolicited proposal from Canadian Pacific (CP) reaffirming its interest in acquiring KCS. In its proposal, CP reiterated identical terms to the proposal made on August 10, whereby holders of KCS common stock would receive 2.884 CP common shares and $90 in cash for each share of KCS common stock held. In addition, CP reiterated that holders of KCS preferred stock would receive $37.50 in cash for each share of KCS preferred stock held. On May 21, KCS announced that it had entered into a definitive agreement with CN (CNI), pursuant to which CN agreed to acquire KCS in a stock and cash transaction valued at $325 per KCS share based on the CN and KCS closing prices on May 12. The transaction is subject to customary closing conditions including receipt of regulatory approvals and the approval of KCS stockholders. The KCS board will evaluate CP's proposal in accordance with the terms of KCS' merger agreement with CN and respond in due course.
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HPE | Hot Stocks08:17 EDT HP Enterprise wins $2B GreenLake contract with National Security Agency - Hewlett Packard Enterprise announced that it has been awarded a $2B contract, that will be leveraged over a 10 year period, with the National Security Agency to deliver HPE's high performance computing technology as a service through the HPE GreenLake platform. The new collaboration will enable the NSA to harness rapidly growing AI and data needs more efficiently to create insights and other forecasting and analysis with optimal performance. By using HPE's HPC solutions through the HPE GreenLake platform, which provides fully managed, secure cloud services on-premises, the NSA will benefit from an agile, flexible, and secure platform to meet their growing data management requirements. "Implementing artificial intelligence, machine learning and analytics capabilities on massive sets of data increasingly requires High Performance Computing systems," said Justin Hotard, senior vice president and general manager, HPC and Mission Critical Solutions at HPE. "Customers are demanding HPC capabilities on their most data-intensive projects combined with easy, simple, and agile management. By using the HPE GreenLake platform, which delivers secure on-premises solutions as a service, the National Security Agency is gaining industry-leading HPC solutions to tackle a range of complex data needs, but but with a flexible, as a service experience."
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ALTG | Hot Stocks08:15 EDT Alta Equipment Group acquires Baron Industries for less than $2M - Alta Equipment Group announced that it has acquired Baron Industries, a privately held dock & door company based in Woburn, Massachusetts. Baron is an established, leading provider of dock and door sales, service, and installation for the greater New England area. The company specializes in commercial overhead loading dock doors and equipment, hydraulic lifts, and vertical reciprocating conveyors. Baron generated approximately $6M in revenue and had adjusted EBITDA of approximately $400,000 in the latest fiscal year. The purchase price includes certain tangible assets such as inventory, vehicles, and an $800,000 goodwill premium. The total purchase price is expected to be less than $2M, subject to customary post-closing purchase price adjustments.
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VRA | Hot Stocks08:15 EDT Vera Bradley CEO reaffirms four key growth drivers for FY22 - "With our strong first quarter performance, Fiscal 2022 is off to a solid start, with year-to-date earnings well ahead of last year and even ahead of where we were in Fiscal 2020, pre-pandemic," CEO Rob Wallstrom added. "We realize we will continue to face certain headwinds and uncertainties for the balance of the year, but also know that both of our lifestyle brands have significant long-term growth opportunities ahead, well beyond their core product categories. We are on track and remain committed to our vision to be a purpose-driven, multi-lifestyle brand, high-growth company. As a reminder, for Fiscal 2022, the four key growth drivers for Vera Bradley, Inc. are: Driving our digital-first strategy, by evolving the digital distribution of our products and further refining and utilizing digital experiences to serve our customers. This will be supported by continuously refining our technology, developing business process and technology platforms to improve agility, data-based decision making, customer centricity, and speed-to-market. Enhancing our product innovation pipeline, collaborations, and category extensions to attract new customers and increase share of wallet with existing customers. Building our community, through marketing and by creating an impactful, positive brand movement that not only enhances lives but deepens our customers' brand loyalty. Evolving our distribution channels, by focusing on future growth opportunities and addressing the drastically changing retail environment and the consumer marketplace. Our strong cash position, debt-free balance sheet, and ability to generate free cash flow will allow us to continue to invest in both our Vera Bradley and Pura Vida brands and seek out appropriate acquisitions of other comfortable, affordable, purpose-driven brands over time. We have a vision for the future of our Company and a clear path to achieve this vision. Our team is focused, our balance sheet is solid, our brands are strong, and we are positioned for long-term growth," Wallstrom concluded.
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IMMP | Hot Stocks08:13 EDT Immutep last patient enrolled, dosed in Stage 2 Part B of TACTI-002 study - Immutep announces that the last patient has been enrolled and safely dosed in Stage 2 of Part B of its Phase II TACTI-002 study. This completes the recruitment of 2nd line PD-1/PD-L1 refractory non-small cell lung cancer patients into the trial. Immutep expects to report further data from TACTI-002 at a scientific conference in calendar year 2021 or early calendar year 2022. Patient recruitment is now complete for Parts B and C of TACTI-002 and continues to progress well for the expansion stage of Part A. A total of 154 patients out of up to 183 are now participating in TACTI-002 at currently 19 clinical sites across Australia, Europe, the UK and US.
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RVNC | Hot Stocks08:12 EDT Revance efficacy data from analysis of Sakura program on DaxibotulinumtoxinA - Revance Therapeutics announced the publication of results from an evaluation of the progressive effects on static or resting glabellar lines with the repeated treatment of DaxibotulinumtoxinA for Injection in Dermatologic Surgery, the official journal of the American Society for Dermatologic Surgery . The peer-reviewed publication reported efficacy data from a post-hoc analysis of the SAKURA Phase 3 clinical program that demonstrated significant, progressive improvement in static glabellar lines with repeated treatment of DaxibotulinumtoxinA for Injection. "The data published in Dermatologic Surgery showed a substantial reduction in static glabellar lines and, despite subjects being required to return to baseline dynamic line severity between treatments, the improvement in static lines in subjects increased with repeated treatments," said Conor Gallagher, Vice President of Medical Affairs at Revance. "The results seem to indicate that the extended duration of reduction in dynamic glabellar lines following treatment with DaxibotulinumtoxinA for Injection allows greater time for remodeling of static, etched-in lines due to the prolonged period of muscle inactivity." The post-hoc analysis included 568 subjects with moderate or severe dynamic glabellar lines who were treated with three cycles of 40U of DaxibotulinumtoxinA for Injection in the SAKURA clinical program. Glabellar line severity at rest and at maximum frown was assessed by investigators using the Investigator Global Assessment-Frown Winkle Severity scale and by subjects using the Patient Frown Wrinkle Severity scale. Subjects were required to return to baseline dynamic line severity before each retreatment.
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LCTX | Hot Stocks08:11 EDT Lineage Cell Therapeutics appoints George Samuel III as general counsel - Lineage Cell Therapeutics announced that it has appointed George Samuel III as Lineage's general counsel and corporate secretary. Samuel will lead the company's legal operations, bringing extensive corporate, transactional, intellectual property and commercial expertise which spans nearly 15 years across the life sciences and technology sectors as well as in private practice. Prior to joining Lineage, Samuel most recently served as director, senior counsel for Lytx, where he managed the commercial legal operations for an international video telematics SaaS company.
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SMBK | Hot Stocks08:11 EDT SmartFinancial completes acquisition of Sevier County Bancshares - SmartFinancial, parent company of SmartBank, announced the completion of its previously-announced acquisition of Sevier County Bancshares, or SCB, and SCB's wholly owned bank subsidiary, Sevier County Bank. Effective September 1, 2021, SCB has been merged with and into SmartFinancial, and Sevier County Bank has been merged with and into SmartBank. Based on financial data as of June 30, 2021, the combined company has total consolidated assets of approximately $4.1B. Billy Carroll, President and Chief Executive Officer said, "The acquisition of Sevier County Bank is a great milestone for us as we add scale in one of our strongest markets. The economy in the Pigeon Forge, Gatlinburg and Sevierville area is extremely robust and will add tremendous growth opportunities. We welcome the Sevier County Bank team and their clients to SmartBank."
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ELYS | Hot Stocks08:10 EDT Elys Game Technology receives operator license for Washington D.C. - Elys Game Technology announced the grant by the District of Columbia's Office of Lottery and Gaming, or OLG, of a Class B Operator license to Grand Central to operate a sportsbook within the Grand Central Restaurant & Bar and of a provisional Class B Standard Management Services Provider License to the company in conjunction with management services to be provided to Grand Central. The Grand Central venue will offer sports betting alongside food and beverages providing a customer experience and is believed to be the first sportsbook of its kind to be operated within an independently owned business establishment in the U.S. The Class B license allows a full-service sportsbook with no restrictions on maximum bets to be wagered and where all winnings can be redeemed on-site. Elys will provide Grand Central with the turn-key retail betting solution on POS and kiosk hardware as well as managed services to operate the sportsbook, including back-office and business intelligence, odds and event offerings, risk management and trading services, while both Elys and Grand Central will collaborate on customer-engagement campaigns, marketing, and any co-branding ventures. To allow sufficient time for staff training and hardware installation, it is expected that wagering on sports will be offered at Grand Central in or around October with the on-premise mobile app to be launched in 2022.
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CLBS | Hot Stocks08:09 EDT Caladrius appoints Kristen Buck as CMO - Caladrius Biosciences announced the appointment of Dr. Kristen Buck as the Company's Chief Medical Officer, or CMO. Dr. Buck joins Caladrius from ICON. During her time at ICON, Dr. Buck served as its CMO, where she represented the company's position on scientific, ethical, and medical governance matters, provided guidance and oversight to the medical and scientific groups, and led the Drug Development Services group.
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HEOFF | Hot Stocks08:09 EDT H2O Innovation's specialty chemicals selected to provide antiscalant - H2O Innovation announced that its specialty chemical business line has been selected to provide antiscalant to the world's largest seawater reverse osmosis desalination plant. Operated by ACWA Power, a leading developer, investor and operator of long-term contracted power generation and desalinated water projects worldwide, the Taweelah plant is designed to treat 240 MGD. The plant is located in the United Arab Emirates. H2O Innovation's Piedmont business had previously secured the sale of its fiberglass reinforced plastic cartridge filter housings to the plant. Through a highly competitive bid process, which considered the complete technical offering, logistics, dosage, and price, the Corporation's unique dendrimer-based SpectraGuard 100 was selected as the optimal chemical to inhibit membrane scaling and fouling at this mega-desalination plant. The product's high level of functional end groups on SpectraGuard 100's molecular surface binds up hardness to disperse silt and inorganic colloids, while the internal cavities sequester organic molecules, making the product ideal for seawater applications.
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GNRC | Hot Stocks08:08 EDT Generac expands storage portfolio with acquisition of Off Grid Energy - Generac announced the acquisition of Off Grid Energy. Located in Rugby, United Kingdom, Off Grid Energy is a designer and manufacturer of industrial-grade mobile energy storage systems. Off Grid Energy offers a range of energy storage solutions that provide cleaner and more flexible energy for industrial and mobile applications. Off Grid Energy serves the construction, utility, event, electrical vehicle charging and behind the meter storage markets. "Off Grid Energy's product offerings are an excellent fit for Generac as we continue to play a critical role in bringing more sustainable power solutions to the market," states Aaron Jagdfeld, President and Chief Executive Officer of Generac. "The combination of energy storage systems paired with the advanced technology of our generators being offered through our global distribution network will accelerate our growth into the fast-growing distributed energy and microgrid markets." Terms of the deal were not disclosed.
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CHRS | Hot Stocks08:07 EDT Coherus, Junshi announce completion of rolling BLA submission for toripalimab - Shanghai Junshi Biosciences and Coherus Biosciences announced the completion of the rolling submission of the Biologics License Application to the U.S. Food and Drug Administration for toripalimab in combination with gemcitabine and cisplatin for first-line treatment for patients with advanced recurrent or metastatic nasopharyngeal carcinoma and toripalimab monotherapy for second-line or above treatment of recurrent or metastatic NPC after platinum-containing chemotherapy. The FDA recently granted Breakthrough Therapy Designation for toripalimab in combination with chemotherapy for 1st line treatment of recurrent, locally advanced or primary metastatic non-keratinizing nasopharyngeal carcinoma and earlier in 2020 granted BTD for toripalimab monotherapy for patients with recurrent or metastatic non-keratinizing NPC with disease progression on or after platinum-containing chemotherapy. BTD is intended to expedite the development and regulatory review of drugs where preliminary clinical evidence demonstrates substantial improvement over existing therapies for a severe or life-threating disease. Drugs with BTD will be granted more frequent FDA interaction and intensive guidance - including that from senior FDA officials - on the development program and ability to participate in various forms of expedited FDA review programs to provide patients with new therapy as soon as possible. The submission is supported by the results from "POLARIS-02" and "JUPITER-02". The POLARIS-02 study is a multi-center, open-label, pivotal Phase II clinical study, results of which were published online in January 2021 in Journal of Clinical Oncology. The JUPITER-02 study is a randomized, double blind, placebo-controlled pivotal Phase 3 clinical trial, results of which were recently presented at the ASCO plenary session and published in the August 2021 on-line edition of Nature Medicine.
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MPW | Hot Stocks08:07 EDT Medical Properties Trust, and MIP V in $1.78B Massachusetts hospitals pact - Medical Properties Trust announced that it has entered into an agreement with Macquarie Infrastructure Partners to form a partnership pursuant to which a MIP V controlled subsidiary will acquire a 50% interest in a portfolio of eight Massachusetts-based general acute care hospitals currently owned by MPT and operated by Steward Health Care System . MIP V is an Americas-focused $6.9B unlisted infrastructure fund managed by Macquarie Asset Management . The transaction values the portfolio at approximately $1.78B. "We are very pleased to have found in Macquarie Asset Management a partner that recognizes the pivotal role hospitals play in U.S. infrastructure," said Edward K. Aldag, Jr., MPT's Chairman, President, and CEO. "This first of its kind partnership with one of the largest infrastructure investors globally confirms the quality of this hospital portfolio and demonstrates the strength of MPT's overall investment strategy and our ability to deliver value for our shareholders. This transaction's portfolio valuation is a 48% increase over our original investment in these hospitals made in 2016, and the compelling value creation reflects the strength of MPT's underwriting process, which allows our team to identify operators and strategies that are likely to result in long-term and sustained improvement in operating results. This partnership also strongly validates the financial and operational strength of Steward, which has significantly improved the performance of these assets over the last five years and has continued to deliver first class patient care to the Boston area throughout the pandemic while growing its overall national footprint."
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GNRC | Hot Stocks08:06 EDT Generac announced acquisition of Apricity Code Corporation - Generac announced the acquisition of Apricity Code Corporation, an engineering and product design company. Apricity's team of engineers is experienced in designing and prototyping energy-related products to increase reliability, add functionality, and improve performance. "Adding Apricity to the Generac team will accelerate our efforts to provide a broader energy technology portfolio and increase our speed to market for both our Clean Energy and Grid Services products and solutions," commented Aaron Jagdfeld, President and Chief Executive Officer of Generac. "We are very pleased to have this talented group of engineers join our team." Terms of the deal were not disclosed.
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MITC | Hot Stocks08:06 EDT MeaTech 3D files provisional patent application for cultured fat production - MeaTech 3D has filed a provisional patent application with the USPTO relating to methods that use purely plant-sourced inputs to guide targeted differentiation of embryonic mesenchymal stem cells into adipocytes, which are fat cells. MeaTech's goal for the novel technology covered by this provisional patent application is to allow for production of intramuscular fat as is typically found in marbled meat like Wagyu beef. MeaTech believes that this approach has the potential to enhance processes for cultivated fat production, whether as a stand-alone product or as a support for the Company's bioprinted structured meat technologies. The materials involved are all sourced from plants.
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ASXC | Hot Stocks08:05 EDT Asensus Surgical receives FDA clearance for ISU expansion - Asensus Surgical announced that it has received 510 clearance from the FDA for an expansion of machine vision capabilities on the previously cleared Intelligent Surgical Unit, or ISU. The ISU is utilized with the company's Senhance Surgical System which enables Digital Laparoscopy.
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MRSN | Hot Stocks08:04 EDT Mersana Therapeutics to provide update on progress of UpRi strategy - Mersana Therapeutics announced plans to host a live conference call and webcast on Friday, September 10, 2021 at 8:00 a.m. ET to discuss the progress of its clinical development strategy for upifitamab rilsodotin and report updated interim data from the ovarian cancer expansion cohort of the UpRi Phase 1 study. Enrollment in the expansion cohort is complete with 97 patients evaluable for safety and tolerability, of which 75 are RECIST-evaluable at this interim analysis.
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OPRT | Hot Stocks08:04 EDT Oportun Financial appoints Roy Banks, Rick Welts to board of directors - Oportun Financial Corporation announced the addition of two new independent board members to its diverse Board of Directors. Effective as of September 1, 2021, the appointments expand Oportun's board from nine to eleven members with the additions of Roy Banks and Rick Welts. Roy Banks is the Chief Executive Officer of Weave Communications, Inc, an all-in-one customer communication and engagement platform for small businesses. Rick Welts has more than 45 years of experience in the NBA, primarily as a league and team executive, most recently as President and Chief Operating Officer of the Golden State Warriors. With these additions, Oportun's board now includes eight of eleven members who identify as members of an underrepresented group.
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KSU CNI | Hot Stocks08:04 EDT Kansas City Southern comments on STB decision regarding Canadian National deal - Kansas City Southern (KSU) issued the following statement in response to the Surface Transportation Board's, or STB, decision to deny the use of a voting trust in connection with the definitive merger agreement between Canadian National (CNI) and KCS: "We are disappointed in the STB's decision to reject CN's proposed voting trust. We are working with CN to evaluate the options available to us."
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GLG | Hot Stocks08:03 EDT TD Holdings enters strategic cooperation agreement with Jinyibao International - TD Holdings announced that the company has entered into a strategic cooperation agreement on August 31 with Jinyibao International Technology Company Limited, a technology company engaged in global gold spot trading business. The Agreement shall be in effect until August 31, 2023. Pursuant to the Agreement, JIT plans to reach its goal of $3B in gross merchandise volume from global gold spot trading within three years and its target markets include but are not limited to China, India, Southeast Asia, the Middle East, Europe and North America. The company agrees to tailor a supply chain service plan for JIT and provide supporting services along the supply chain according to JIT's needs, such as supply chain procurement services and sales, inventory pledge financing, accounts receivable management, factoring, financial support, and leasing.
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CDTX | Hot Stocks08:03 EDT Cidara Therapeutics appoints Shah as CFO, CBO, Ward as CLO - Cidara Therapeutics announced the appointments of Preetam Shah, Ph.D., MBA, as chief financial officer, CFO, and chief business officer, CBO, and Shane Ward as chief legal officer, CLO, and corporate secretary. Prior to joining Cidara, Dr. Shah served as the executive vice president, chief financial officer and treasurer for Brainstorm Cell Therapeutics where he led the development and implementation of financial and capital raising strategies and contributed to its corporate initiatives. Ward previously served as general counsel and chief legal and strategy officer at Bellicum Pharmaceuticals. While at Bellicum, he managed project and alliance management, healthcare compliance and all other legal areas.
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SEEL | Hot Stocks08:03 EDT Seelos Therapeutics announces CFO and CCO appointments - Seelos Therapeutics promoted Michael Golembiewski to CFO and Anthony Marciano to Chief Communications Officer, each effective September 1. Golembiewski joined Seelos in January 2019 as VP, Finance. Previously, he was VP of Finance at Agile Therapeutics. He was also VP of Finance, Principal Accounting Officer and Corporate Controller at Pernix Therapeutics. Marciano began his work with Seelos as a consultant in August 2017 and was appointed Head of Corporate Communications in January 2019. Marciano began as a healthcare-dedicated institutional equity salesman at Leerink, Swann and Company in 2000 and immediately prior to Seelos served as a Senior Vice President at Jefferies.
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API | Hot Stocks08:02 EDT Agora to launch Extensions Marketplace at RTE2021 - Agora is set to announce its Extensions Marketplace at RTE2021, the company's flagship conference and the world's largest event exploring real-time engagement technologies. The new marketplace features extensions from audio technology company Bose and a real-time content moderation solution from Hive. People increasingly want real-time video or audio features in the apps they use. For example, students in an education app want to see classmates; users in a dating app want to see potential partners, and buyers in a shopping app want to talk to sellers. However, for many developers, real-time video and audio functionality are too difficult and expensive to build. Enter Agora whose platform allows developers to easily embed powerful real-time engagement experiences -- video and audio -- into their apps and services. Globally, Agora powers 50 billion minutes of video and audio engagements each month. With Extensions Marketplace, Agora enables developers to further maximize the RTE opportunity, giving them direct access to a variety of partner extensions that they can instantly activate. Extensions include video and audio modifiers, RTE analytics tools, content classifiers to identify images on screen, and more. Extensions Marketplace lowers the usual lift necessary for integration of RTE-enhancing technology, simplifying all aspects of the process from partner discovery to billing.
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IBM ADBE | Hot Stocks07:59 EDT IBM partners with Adobe to teach basic design to adolescents - IBM (IBM) is providing no-cost, online coursework and a digital badge credential in a collaboration with Adobe (ADBE). The collaboration is designed to help prepare students, particularly those from under-resourced backgrounds, for academic and professional careers by teaching them basic design principles and creativity tools. All coursework is provided at no cost to learners through IBM's SkillsBuild for Students program. IBM SkillsBuild for Students provides no-cost visual design coursework that aims to help teens be more successful when they begin careers.
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NVCR | Hot Stocks07:54 EDT Novocure announces William Burke promoted to Chief Human Resources Officer - Novocure announced that William Burke has been promoted to Chief Human Resources Officer, effective September 1 . This appointment reflects the importance of Novocure's team members to our anticipated growth. Burke joined Novocure in 2014 and most recently served as the Senior Vice President of Global Human Resources. He has had extensive experience as a human resources leader for companies such as Arrow Electronics, ThermoFisher Scientific, Novartis Consumer Health, Cadbury Schweppes and PepsiCo. Mr. Burke holds a bachelor's degree in Business and Industrial Relations from the University of Bridgeport, and he has attended management development programs at INSEAD and London Business School. .
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BF.A... | Hot Stocks07:50 EDT Brown-Forman backs FY22 underlying net sales view up mid-single digits - The company said, "Due to the volatility and uncertainty that continues to exist in the operating environment, including recent COVID-19 trends and global supply chain disruptions, we have revised some of our expectations for fiscal 2022. Currently, we are managing through the impact of global supply chain disruptions, including glass supply, and have deployed a number of risk mitigation strategies to address the various constraints on our business. While we expect these disruptions to persist throughout the fiscal year, we believe the impact will become less significant in the second half of the year. We expect a more significant unfavorable impact from supply chain disruptions and higher input costs related to agave, transportation costs, and commodity prices to negatively impact our gross margin. As a result of these factors, we expect gross margin to be flat, or slightly down, for the full year versus the slight improvement originally expected. Despite these challenges, we still anticipate mid-single digit growth in underlying net sales, underlying operating expenses, and underlying operating income for fiscal 2022. As a result of these factors coupled with unusual comparisons to last year, we expect the seasonality of our results to be volatile during the year. We expect our effective tax rate to be in the range of about 22-23%."
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CONN | Hot Stocks07:49 EDT Conn's jumps 8% to $26.54 after Q2 results beat estimates, FY22 SSS raised
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ETRGF WDDMF | Hot Stocks07:44 EDT Entourage Health announces new ticker symbol on OTCQX market - Entourage Health announced that effective at market open on September 1, 2021, the OTCQX market ticker symbol for the Company's common shares will change from "WDDMF" to "ETRGF". The OTCQX symbol change is consistent with the Company's rebranding from WeedMD Inc. to Entourage Health Corp. announced earlier this year. The Company's common shares continue to trade primarily on the TSX Venture Exchange under the symbol "ENTG" and Frankfurt Stock Exchange under the symbol "4WE".
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ALEAF | Hot Stocks07:43 EDT Aleafia Health appoints David Pasieka to board of directors - Aleafia Health announced the appointment of David Pasieka to its board of directors. Pasieka was a long-standing c-suite executive at Algonquin Power & Utilities, overseeing its growth into a global energy leader and member of the S&P/TSX 60 Index of Canada's largest companies. He also served as entrepreneur in residence at the MaRS Discovery District, North America's largest innovation hub supporting the growth of over 1,400 Canadian startups.
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RIGL | Hot Stocks07:35 EDT Rigel Pharmaceuticals' fostamatinib meets Phase 2 safety endpoint - Rigel Pharmaceuticals announced the publication of results from a Phase 2 clinical trial evaluating the safety of fostamatinib for the treatment of hospitalized patients with COVID-19, in a publication of the Infectious Disease Society of America. For COVID-19 patients requiring hospitalization, fostamatinib in combination with the standard of care was shown to be well tolerated in the study. Patients treated with fostamatinib had less severe adverse events, and were observed to have improved clinical outcomes compared to those receiving placebo and standard of care. Results from the Phase 2 trial demonstrated that the addition of fostamatinib to standard of care was well tolerated and associated with clinically meaningful improvement in clinical outcomes in hospitalized COVID-19 patients who required supplemental oxygen. While the study was not powered to test clinical efficacy, numerous prespecified secondary endpoints consistently favored fostamatinib, suggesting that fostamatinib may provide an additional therapeutic benefit compared to current SOC alone. Fostamatinib was superior to placebo in accelerating improvement in clinical status from baseline by Day 15. Despite general SOC use of both steroids and remdesivir in all 59 patients, there was a consistently greater reduction in NETosis and other inflammatory biomarkers in the fostamatinib group compared to the placebo group.
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VMAR | Hot Stocks07:35 EDT Vision Marine's Bruce22 electric boat sets speed record - Vision Marine Technologies announced its Bruce22 electric boat powered by its 180 hp fully electric E-Motion outboard motor set a new category speed record at the Lake of the Ozarks Shootout, the largest unsanctioned boat race in the US, which took place August 28-29, 2021. Electric boats made their debut at the Shootout in 2018, with a 25-mph run by Randy Vance in Calypso. In 2021, despite experiencing unusually warm temperatures, Vision Marine was able to achieve a speed of 49 mph, shattering its own record of 31 mph set in 2019, as the world's fastest production electric boat. The Bruce 22, powered by our E-Motion electric outboard motor, achieved this milestone with Vision Marine co-founder and COO Patrick Bobby at the helm.
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DAKT | Hot Stocks07:33 EDT Daktronics CEO expects volatility in revenue cycles, production costs - CEO Reece Kurtenbach added, "Our solid backlog and strong pipeline of opportunities positions us for a successful year. However, as we work through supply chain challenges, we expect volatility in our revenue cycles and production costs. Over the long-term, we believe the fundamentals of the audiovisual industry are strong and are poised for growth. We are actively investing in capacity and in new technologies and markets to meet that expected demand with world-leading solutions and value. We look forward to the continued global economic recovery and long-term profitable growth."
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BLCM | Hot Stocks07:33 EDT Bellicum Pharmaceuticals, MD Anderson announce additional license agreement - Bellicum Pharmaceuticals and The University of Texas MD Anderson Cancer Center announced a global option and license agreement covering certain intellectual property and technology rights regarding Bellicum's CaspaCIDe safety switch and related technologies, and the use of rimiducid, an agent used to activate the safety switch. Under this agreement, MD Anderson will have the option to incorporate CaspaCIDe into certain cellular therapy programs. Bellicum's CaspaCIDe safety switch may facilitate the use of cell therapies where cytokine release syndrome and neurotoxicities have been observed, in pursuit of novel targets with on-target/off-tumor safety concerns, and in conjunction with next-generation higher potency cell therapy constructs. "We are excited to expand our CaspaCIDe agreement with MD Anderson to include a broader set of programs to benefit cancer patients," said Rick Fair, President and CEO of Bellicum Pharmaceuticals. "We believe that our switch technology may enhance the benefit/risk profile of cell therapies. We intend to continue to pursue opportunities to expand its use via external collaborations with other leaders in the field." Upon exercise of each option - typically expected to be upon out-license of an MD Anderson program that incorporates iC9 - Bellicum will receive an upfront payment and will be entitled to a percentage of certain consideration paid to MD Anderson by the third party. Bellicum also will receive a single-digit-percent royalty on global sales of the product. Additional details of the financial arrangements are not disclosed. Bellicum and MD Anderson have agreed on the first two programs for development concurrent with the execution of the agreement. This agreement expands upon a previous one, which covers the use of CaspaCIDe in a specific MD Anderson cell therapy program.
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XERS | Hot Stocks07:32 EDT Xeris Pharmaceuticals completes enrollment of Its Phase 1 study of levothyroxine - Xeris Pharmaceuticals announced that the company has completed enrollment and successfully dosed all participants in a Phase 1 study of levothyroxine or XP-8121, to evaluate the pharmacokinetics, safety and tolerability, and potential for weekly dosing of the investigational, novel, subcutaneous injection for the treatment of hypothyroidism. XP-8121 is a novel formulation that could potentially mitigate many of the challenges associated with oral formulations, such as identification of an ideal dose due to absorption variation and medication adherence for patients who have difficulty maintaining a stable, therapeutic serum level. Preclinical studies of SC XP-8121 showed a sustained plasma exposure profile and similar maximum plasma concentration when compared with equivalent doses of the oral formulation.
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NEPH | Hot Stocks07:31 EDT Nephros appoints Wes Lobo as Chief Commercial Officer - Nephros announced the appointment of Wes Lobo to the role of Chief Commercial Officer. Lobo first joined Nephros in February 2021 as Chief Marketing Officer. In the expanded role of Chief Commercial Officer, he will be responsible for all commercial strategy and operations including sales, marketing, business development, product management, and customer service.
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RDS.A | Hot Stocks07:28 EDT Shell aims to install 50,000 EV charge posts in the UK by 2025 - Shell sets an ambition to have 50,000 on-street electric vehicle charge posts installed across the UK by the end of 2025, through ubitricity, part of the Shell group. The move is part of a wider effort to bring more EV charging availability to the millions of UK drivers without private parking and help local authorities get their charging networks up-and-running as quickly as possible. Around 3,600 ubitricity chargers are already in place in the UK, using existing street infrastructure such as lamp posts and bollards. In order to drive take-up to reach the 50,000 figure, Shell will support local authorities with a financing offer to install more ubitricity on-street chargers in towns and cities across the UK at potentially zero cost. The UK government's Office for Zero Emission Vehicles currently meets 75% of the cost of installing on-street chargers through the On-Street Residential Charging Scheme. For local authorities looking to install ubitricity charge posts, Shell is prepared to cover the remaining costs, subject to commercial terms. Globally, Shell wants to grow its electric vehicle network from more than 60,000 charge points today to around 500,000 by 2025. This is part of its broader target to be a net-zero emissions energy business by 2050, in step with society's progress in achieving the goal of the UN Paris Agreement on climate change. Reference Link
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PDRDY | Hot Stocks07:19 EDT Pernod Ricard takes minority stake in Sovereign Brands - Pernod Ricard announced the signing of a minority stake investment in Sovereign Brands and its portfolio of fast-growing super premium wine and spirits brands. The company said, "Sovereign Brands is a family company founded by brothers Brett and Brian Berish, who are among the industry's most innovative and creative builders of beverage brands, with a proven history of brand creation. Since 2000, Sovereign Brands has built a unique portfolio of forward-thinking brands in their respective categories across the world and especially in the world's leading market, the USA. Sovereign's most emblematic successes include Luc Belaire, a French sparkling wine, and Bumbu, a range of rum products from the Caribbean. Brazilian gin McQueen and the Violet Fog and Villon, an exquisite French liqueur, are also part of Sovereign's diverse portfolio." The two groups will continue to operate independently as the agreement does not provide for changes in Sovereign's day-to-day operations, management, or distributor network. This investment is a first step of a long term partnership aimed at creating business opportunities between Sovereign Brands and Pernod Ricard in the future, such as exploring potential common industrial and commercial projects. Reference Link
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MLHR | Hot Stocks07:19 EDT Herman Miller increases use of ocean-bound plastic with Aeron Chair - Herman Miller's entire portfolio of Aeron Chairs will contain ocean-bound plastic, including a new color, Onyx Ultra Matte, which contains up to 2.5 pounds of mismanaged plastic waste found near waterways per chair. These material changes in the Aeron Portfolio are projected to save the ocean from over 150 tons of plastic annually. The updates are part of Herman Miller's membership in NextWave Plastics, its long-term goal to increase recycled content to at least 50% including the use of ocean-bound plastic across all material the company uses by 2030. The company is also adding ocean-bound plastic to returnable shipping crates and poly bags used to keep products safe during transit. Ocean-bound plastic is plastic material that has not yet found its way into the ocean and is classified as "mismanaged waste." This is plastic that is not being collected, is unlikely to be collected, and is found within 50 kilometers of a coastline.
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ZNTL | Hot Stocks07:17 EDT Zentalis announces publication of data on its candidate ZN-c3 - Zentalis Pharmaceuticals announced the publication of the discovery of ZN-c3, the company's potent and selective WEE1 inhibitor candidate, in the Journal of Medicinal Chemistry. The paper reviews Zentalis' objectives in designing ZN-c3 as a potentially safer and more selective WEE1 inhibitor, overcoming limitations seen with other WEE1 inhibitors. ZN-c3 is currently being evaluated in numerous trials as both a monotherapy and in combination, and the Company recently announced clinical results in June. In addition, Zentalis has identified potential accelerated approval paths for ZN-c3 in both uterine serous carcinoma and a biomarker-driven setting. "For the past decade, WEE1 has been a target of interest in the oncology treatment landscape. While the WEE1 inhibitor class has demonstrated promising clinical benefits, poor kinase selectivity and tolerability issues have potentially limited the existing candidates' effectiveness in patients," commented Dr. Anthony Sun, Chairman and Chief Executive Officer of Zentalis. "The Zentalis team recognized the promise of inhibiting this DNA damage response protein and set out to create a differentiated candidate with a clean selectivity profile, improving tolerability and enabling a continuous dosing regimen for better efficacy. We believe our pioneering research and clinical results reported to date provide strong evidence that ZN-c3's profile is best-in-class, and we look forward to exploring this candidate's therapeutic potential across a broad range of solid tumors in ongoing and planned trials."
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NBRV | Hot Stocks07:16 EDT Nabriva Therapeutics reports inducement grants under Nasdaq listing rule - Nabriva Therapeutics announced that it has granted non-statutory stock options to purchase an aggregate of 32,130 ordinary shares of Nabriva Therapeutics as an inducement to three newly-hired employees. These grants were awarded pursuant to the Nasdaq inducement grant exception as a component of new hire employment compensation. The stock options were granted effective August 31, 2021 with an exercise price of $1.06 per share, which is equal to the closing price of Nabriva Therapeutics' ordinary shares on the date of grant. Each stock option granted has a 10-year term and vests over four years, with 25% of the original number of shares vesting on the annual anniversary of the grant date until fully vested, subject to the employee's continued service with the Company through the applicable vesting dates. The stock option awards were approved by Nabriva Therapeutics' Compensation Committee and were granted as an inducement material to each employee's acceptance of employment in accordance with Nasdaq Listing Rule 5635(c)(4). Each of the stock options is subject to the terms and conditions of a stock option agreement covering the grant and Nabriva Therapeutics' 2021 Inducement Share Incentive Plan.
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SDH | Hot Stocks07:15 EDT Global Internet of People announce strategic cooperation with Sinoeex, STDEC - Global Internet of People announced that the company has entered into a strategic cooperation agreement with Sinoeex Beijing and Beijing Science and Technology Development and Exchange Center, or STDEC, to collaborate in financial and enterprise services. Pursuant to the Agreement, Sinoeex will share financing projects and investor information on its "eEx" investment and fundraising platform with SDH and promote SDH's enterprise consulting services among Sinoeex's member enterprises, SDH will promote Sinoeex's services on SDH's knowledge sharing and enterprise service platform, and STDEC will use its resources to support and facilitate Sinoeex and SDH's business initiatives. The parties also intend to jointly develop and participate in business initiatives such as hosting innovation and entrepreneurship competitions and potentially establishing a venture capital fund for their enterprise clients.
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SLI | Hot Stocks07:15 EDT Standard Lithium provides update on El Dorado, Arkansas project - Standard Lithium offered an update on the installation of the SiFT lithium carbonate plant at its flagship South Arkansas project and other related developments. The installation of the 'SiFT' lithium carbonate plant is completed, with all major connections made to the existing plant, and the installation of a new weatherproof enclosure. 'Wet' commissioning of the SiFT Plant is ongoing, and it is expected that fully integrated operations will commence during September. Standard Lithium has also installed and commissioned a novel osmotically assisted High Pressure Reverse Osmosis unit at the demonstration plant in El Dorado. This unit sits between LiSTR and SiFT and is used to concentrate the lithium chloride product continuously produced by the existing LiSTR Direct Lithium Extraction plant, so that it can then be converted to lithium carbonate. The HPRO unit is now operational and is being integrated into the overall process flow at the plant. Standard Lithium also issues an update on the company's status following Hurricane Ida. In advance of the storm, Standard Lithium's team in Arkansas engaged pre-emptive emergency safety protocols to secure the plant, critical infrastructure and team at the El Dorado site. Standard Lithium personnel ensured all equipment was moved to a safe, staging area to protected against possible storm damage. Ultimately, with a shift in Hurricane Ida's path, operations continued without interruption. Standard Lithium has also announced its latest corporate citizenship efforts to support the El Dorado community. In September, Standard Lithium, alongside LANXESS and others, will be a major sponsor for the "22nd Annual SouthArk Outdoor Expo!" being hosted by the South Arkansas Community College Foundation on Saturday, September 11, 2021. In October, Standard Lithium will be a 'Superstar Sponsor' for the "Main Street El Dorado Musicfest 2021" which will feature performances by the likes of Frank Foster and Ice Cube.
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CTSO | Hot Stocks07:14 EDT CytoSorbents' CytoSorb shows high survival in COVID-19 patients on ECMO - CytoSorbents announced topline results from its CytoSorb Therapy in COVID-19 - CTC - multicenter registry presented at the 40th International Symposium on Intensive Care and Emergency Medicine in Brussels, Belgium. The CTC Registry included 52 consecutive critically ill COVID-19 patients with refractory acute respiratory distress syndrome - ARDS - on life support with ECMO and CytoSorb enrolled at 5 U.S. medical centers under FDA Emergency Use Authorization. The primary outcome of 90-day ICU mortality was 27% in the CTC Registry vs. a 90-day mortality in the North American cohort of the international Extracorporeal Life Support Organization COVID-19 ECMO Registry of 50%. CytoSorb was easily integrated in the ECMO circuit and well-tolerated, with no unanticipated device-related adverse events. CytoSorb can be used with a range of blood pumps, including ECMO, a machine that pumps and oxygenates blood outside of the body. Rates of ICU discharge and recovery exceeded ICU mortality rates throughout the follow-up period. All patients discharged alive from the ICU also survived to hospital discharge. CytoSorb treatment led to a decrease in elevated baseline inflammatory biomarkers. Survival was associated with earlier initiation of CytoSorb therapy, lower baseline D-dimer levels, and a lower baseline Sequential Organ Failure Assessment score. CytoSorb demonstrated no unanticipated device-related adverse events.
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GTBIF | Hot Stocks07:13 EDT Green Thumb Industries acquires GreenStar Herbals, terms not disclosed - Green Thumb Industries announced it has acquired GreenStar Herbals, Inc., which owns and operates two adult-use retail locations in Massachusetts. The acquisition includes a third retail location, set to open in 2021 near Logan International Airport and the Encore Casino. With the acquisition of GreenStar Herbals Inc., the Company has two operational adult-use retail stores in Dracut and Maynard, with a third to open in Chelsea this year, and three medical-use retail stores in Amherst, Boston and West Springfield. Green Thumb's existing Rise Amherst store reverted to a medical cannabis store in August. The Massachusetts recreational cannabis market has sold more than $1.5 billion in cannabis products since launching adult-use sales in 2018, according to the state's Cannabis Control Commission, with daily sales averaging over $3 million so far in 2021. Adult-use cannabis sales in the state have reached nearly $755 million so far in 2021 and is projected to reach $1.2 billion by the end of the year.
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AUTL | Hot Stocks07:13 EDT Autolus Therapeutics announces publication of obe-cel Phase 1 ALLCAR19 data - Autolus Therapeutics announced publication of the obecabtagene autoleucel Phase 1 ALLCAR19 data in Journal of Clinical Oncology. ALLCAR19 is a clinical study in collaboration with Autolus' academic partner, UCL. "Obe-cel demonstrated an excellent safety profile, with no patients experiencing high grade cytokine release syndrome, despite the majority having a high disease burden prior to lymphodepletion," the company said. In 8/20 patients developing grade 2 CRS, 7 patients received tocilizumab. No patients on study received corticosteroids for management of CRS. Three of 20 patients experienced grade 3 immune effector cell-associated neurotoxicity syndrome and all resolved within 24-72 hours to grade 1 or less with corticosteroids. CAR T cell concentration reached very high levels at peak and persistence in peripheral blood was evident in 15/20 patients at a median of 166.5 days, with 4/20 patients having follow-up duration over 2 years, and 3/4 of these with ongoing CAR persistence at data cut off. Of the 20 patients treated in the ALLCAR19 study, 85% patients achieved minimal residual disease negative complete response at month 11. Duration of response remains highly encouraging. With a data cut-off date of May 17, 2021 and as presented at the European Hematology Association Virtual Congress in June 2021, event free survival at 12 months and 24 months was 50.2%, with median EFS not reached across all patients treated. Overall, obe-cel's profile of durability and favorable toxicity is consistently observed across the B cell malignancies tested so far, with data on a total of 50 patients reported to date, including patients with adult ALL1 in ALLCAR19, pediatric ALL2 and indolent B-cell lymphomas.
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SLN | Hot Stocks07:12 EDT Silence Therapeutics appoints John Strafford as SVP, business development - Silence Therapeutics announced the appointment of John Strafford, Ph.D., to the newly created role of Senior Vice President, Business Development, Alliance Management and New Product Development, effective immediately. John joined Silence in 2018 and has served as Vice President, Head of Business Development and member of the Executive Leadership Team since 2019. In his new role, John will continue to drive all business development and alliance management activities as well as lead the new product development function, helping to define the future commercial strategy for the Company's proprietary mRNAi GOLD development pipeline.
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BABYF | Hot Stocks07:11 EDT Else Nutrition to expand into Roche Bros. with toddler nutrition product - ELSE NUTRITION announces that it will be expanding into Roche Bros. locations this September with its Plant-Based Complete Nutrition for Toddlers.
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BCRX | Hot Stocks07:09 EDT BioCryst announces HHS purchases additional 10,000 doses of RAPIVAB - BioCryst Pharmaceuticals announced that the U.S. Department of Health and Human Services, or HHS, has exercised its option to purchase an additional 10,000 doses of BioCryst's antiviral influenza therapy, RAPIVAB, for approximately $7M. The RAPIVAB purchase by the HHS Office of the Assistant Secretary for Preparedness and Response will supply the Strategic National Stockpile. The order is part of a $34.7M contract the Centers for Disease Control and Prevention awarded in 2018 for the procurement of up to 50,000 doses of RAPIVAB over a five-year period for the SNS. With the fulfillment of this new order, BioCryst will have delivered 40,000 doses under the contract.
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XPO | Hot Stocks07:09 EDT XPO Logistics announces Hiring our Heroes partnership - XPO Logistics announced a partnership with the Hiring our Heroes Corporate Fellowship. The program places highly skilled veterans and military spouses with military-friendly civilian companies.
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PLL | Hot Stocks07:09 EDT Piedmont Lithium submits two applications related to Carolina Lithium Project - Piedmont Lithium announced it has submitted two applications related to the company's Carolina Lithium Project. On August 30, the company filed its application for a North Carolina State Mining Permit with the N.C. Department of Environmental Quality's Division of Energy, Mineral and Land Resources. Additionally, on August 31, the company submitted a draft loan application to the U.S. Department of Energy's Loans Program Office for loan funding via the Advanced Technologies Vehicle Manufacturing Loan Program. The ATVM has $17.7B in direct loan authority to provide funding to U.S. companies engaged in the manufacturing of fuel efficient, advanced technology vehicles and qualifying components supporting the automotive supply chain. The timeline for the review and response with respect to each application is subject to the established processes and procedures of the respective responsible agency.
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BBI | Hot Stocks07:08 EDT Brickell Biotech appoints Monica Luchi as Chief Medical Officer - Brickell Biotech announced that it has appointed Monica Luchi, MD, FACR, MBA to the newly created role of Chief Medical Officer. In this new role, Dr. Luchi will oversee the company's clinical development strategy and medical affairs functions. Luchi joins Brickell with over 20 years of experience in the biotech/pharmaceutical industry. She was most recently working as the interim Chief Medical Officer and a Clinical Development consultant for the Bracken Group.
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GNLN KSHB | Hot Stocks07:08 EDT Greenlane, KushCo complete merger - Greenlane Holdings (GNLN) and KushCo Holdings (KSHB) announced the completion of their previously announced merger. The combined company, operating as Greenlane, brings together two of the pioneering cannabis ancillary product and service companies with more than 26 years of operating history to create an undisputed leader in the cannabis industry. The Company's Class A common stock will continue to trade on the Nasdaq Global Market under the ticker symbol "GNLN". Each KushCo stockholder is entitled to receive 0.3016 of a Greenlane Share for each share of KushCo common stock held on August 31, 2021, the effective date of the Transaction. Holders of Greenlane Shares prior to the completion of the Transaction will continue to hold their Greenlane Shares with no adjustment as a result of the Transaction. KushCo's common stock has ceased trading on the OTCQX effective as of the close of trading on August 31, 2021. Greenlane expects the Transaction to yield a number of important strategic synergies and financial benefits allowing for enhanced scale and rapid growth: Establishes the leading ancillary cannabis company delivering more value to customers across the supply chain: Greenlane serves a premier group of customers, including many of the leading multi-state-operators and licensed producers, the top smoke shops in the United States, and millions of consumers worldwide. Optimized platform with significant synergies: The Company expects to generate approximately $15 million to $20 million of annual run-rate cost synergies within 24 months from the closing of the Transaction. These synergies are expected to result from the economies of scale that will be realized following the Transaction, an optimized nationwide distribution network, and reduced operating expenses. Strengthens best-in-class proprietary brands and exclusive third-party brand offerings: As the leading supplier of premier consumer brands and products, Greenlane offers its customers a diversified and highly complementary product offering. Robust organic growth through cross-selling opportunities: the Company has the wide-ranging breadth of products and services needed to support the entire global cannabis industry. Unique ability to drive industry innovation and premier product design and development: With over 200 articles of Intellectual Property, the Company will cultivate a strong innovation pipeline across a broad category of product offerings, supported by an industry-leading and experienced product development and design team. Effective on closing, Greenlane's senior management team and Board of Directors are as follows: Senior management team: Nick Kovacevich, Chief Executive Officer; Bill Mote, Chief Financial Officer; Aaron LoCascio, President; Adam Schoenfeld, Chief Strategy Officer; Rodrigo de Oliveira, Chief Operating Officer; Rhiana Barr, Chief People Officer; Douglas Fischer, General Counsel; Michael Cellucci, President, CPG Sales; Andrew Goodman, SVP of Sales. Board of Directors: Jeff Uttz, Independent Director; Rich Taney, Independent Director; Dallas Imbimbo, Independent Director; Donald Hunter, Independent Director; Nick Kovacevich, Director; Aaron LoCascio, Director; Adam Schoenfeld, Director.
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BBI | Hot Stocks07:07 EDT Brickell Biotech acquires exclusive rights to Phase 1-Ready DYRK1A program - Brickell Biotech announced it has entered into a definitive agreement with Voronoi, a platform-based drug discovery company in South Korea, that grants Brickell exclusive, worldwide rights to research, develop and commercialize novel therapeutics generated from a proprietary DYRK1A inhibitor platform. These novel DYRK1A inhibitors aim to restore immune balance in patients whose immune system has become dysregulated. The initial lead program that Brickell will be advancing is BBI-02, a Phase 1-ready, highly selective and orally bioavailable DYRK1A inhibitor that has demonstrated results in various preclinical models, including of atopic dermatitis and rheumatoid arthritis. "Today marks a pivotal day in the Company's evolution, as we strengthen our position in dermatology while simultaneously broadening our strategic focus by expanding our pipeline with a Phase 1-ready DYRK1A inhibitor and cutting-edge platform. As we build out our long-term growth strategy, we believe this platform has the potential to create first-in-class therapeutics for the treatment of a wide array of autoimmune and neuroinflammatory disorders," commented Robert Brown, Chief Executive Officer of Brickell. "...we intend to progress BBI-02 into a Phase 1 clinical study in 2022. In addition, over the course of the next year, our team expects to conduct formulation development activities for BBI-03, a topically applied preclinical DYRK1A inhibitor, and to select and initiate development of a lead next generation DYRK1A inhibitor for the potential treatment of neuroinflammatory diseases." Under the terms of the license agreement, in exchange for an exclusive, worldwide license to develop and commercialize compounds from Voronoi's DYRK1A inhibitor platform, Brickell will make a one-time payment to Voronoi of $2.5M in cash and $2.5M in shares of Brickell common stock. The number of shares to be issued to Voronoi is based on a price of 89c per share, representing a premium of 35% to the trailing 10-day volume weighted average trading price. In addition, Brickell will pay Voronoi success-based development, regulatory and sales milestone payments of up to $211M with respect to BBI-02 and BBI-03. For the first next generation product arising from the DYRK1A inhibitor platform, Brickell will pay Voronoi success-based development, regulatory and sales milestone payments of up to $107.5M. Brickell will also pay Voronoi tiered royalty payments ranging from low single digits up to 10% of net sales of products arising from the DYRK1A inhibitor platform.
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OFIX | Hot Stocks07:07 EDT Orthofix announces 1st US pediatric implant of Fitbone limb-Lengthening system - Orthofix Medical announced the first U.S. pediatric patient implanted with the Fitbone intramedullary lengthening system implant for limb lengthening of the femur and tibia bones. The Fitbone system is the only intramedullary limb lengthening solution cleared by the U.S. Food and Drug Administration for pediatric and adult use and is available in a 9mm, 11mm and 13mm sizes to address the specific needs of patients. The system is now compatible with the OrthoNext digital platform, the only software tool in the market for deformity analysis and preoperative planning for pediatric and adult orthopedic procedures. The OrthoNext software features a reverse planning method module that simulates the target position, osteotomy level and blocking screw placement - enabling a more accurate preoperative assessment.
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CME INFO | Hot Stocks07:06 EDT CME Group, IHS Markit launch Osttra joint venture - CME Group (CME) and IHS Markit (INFO) announced they have launched their joint venture, Osttra, a new post-trade services company. Osttra, 50/50 owned by CME Group and IHS Markit, is a provider of progressive post-trade solutions for the global OTC markets across interest rate, FX, equity and credit asset classes. It incorporates CME Group's optimization businesses -Traiana, TriOptima, and Reset - and IHS Markit's MarkitSERV. Headquartered in London, Osttra will be led by co-CEOs Guy Rowcliffe and John Stewart. Rowcliffe will serve as co-CEO and chief commercial officer, with oversight for leading the company's full product portfolio and sales teams. Stewart will serve as co-CEO and COO responsible for leading business strategy, operations and technology as well overseeing corporate services and finance.
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DPZ | Hot Stocks07:04 EDT Domino's Pizza opens first store in Lithuania - Domino's Pizza is continuing to expand globally, following the opening of the first Domino's store in Lithuania. Residents of Vilnius can now enjoy hot, made-to-order pizza as they dine in or carry-out or choose to have it delivered to their door by master franchisee Morgacita Limited. A second location will open soon in Vilnius on Ateities Street with additional locations planned in the future, with the intent of creating more than 400 jobs in the next three years.
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HEXO | Hot Stocks07:04 EDT Hexo, 48North announce closing of acquisition - HEXO and 48North Cannabis announce that they have completed the previously announced arrangement pursuant to which HEXO has acquired all of the issued and outstanding common shares of 48North by way of a court-approved plan of arrangement under the Canada Business Corporations Act. Under the terms of the Arrangement, each former shareholder of 48North is now entitled to receive 0.02366 of a common share in the capital of HEXO for each 48North Share held immediately prior to the completion of the Arrangement. It is anticipated that the 48North Shares will be de-listed from the TSX Venture Exchange as of the close of trading on or about September 2, 2021. In order to receive the Consideration, registered holders of 48North Shares will be required to deposit their share certificate(s) representing 48North Shares, together with a duly completed letter of transmittal, with TSX Trust Company, the depositary under the Arrangement. Shareholders whose 48North Shares are registered in the name of a broker, dealer, bank, trust company or other nominee should contact their nominee regarding the receipt of the Consideration.
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ADN | Hot Stocks07:04 EDT Advent Technologies acquires the fischer Group's fuel cell system, no terms - Advent Technologies Holdings, announced that it had successfully closed its acquisition of Serenergy A/S and fischer eco solutions GmbH , the fuel cell business of the fischer Group. SerEnergy, which operates facilities in Aalborg, Denmark, and in Metro Manila, Philippines, is a leading manufacturer of high-temperature polymer electrolyte membrane fuel cells globally, with thousands of systems shipped around the globe during its 15 years of operation. The company employs approximately 75 people across its two locations in research and development production, sales and service, all with expertise in the area of HT-PEM fuel cell systems. SerEnergy manufactures remote, off-grid power fuel cell systems that are a natural fit for Advent's "Any Fuel. Anywhere." strategy and portfolio. FES, which operates out of a facility on fischer Group's campus in Achern, Germany, provides fuel-cell stack assembly and testing as well as the production of critical fuel cell components, including membrane electrode assemblies bipolar plates, and reformers. Effective as of the closing of the transaction, Advent entered into a lease for the portion of the fischer Group's campus used by FES. Its 17 employees, along with all of SerEnergy's employees, are expected to remain with Advent. Dr. Vasilis Gregoriou, Chairman and CEO of Advent, remarked, "We are excited to welcome the highly skilled and innovative team of SerEnergy and fischer eco solutions to the Advent family. The technical expertise and manufacturing capabilities of our new colleagues in Denmark and Germany are an excellent match for our strategic growth plan. We expect the SerEnergy off-grid and telecom-tower products to benefit significantly from Advent's product development advances in new materials. In return, we expect that the manufacturing experience they bring will further accelerate our go-to-market plan. This acquisition is expected to position Advent as a fuel cell leader with the ability to deliver thousands of systems per year in the off-grid, portable, and other power-generation markets, with capacity in place."
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ENB | Hot Stocks07:03 EDT Enbridge names Vern Yu as CFO, succeeding Colin Gruending - Enbridge announced the following executive leadership changes, effective October 1. Vern Yu is appointed Executive Vice President & CFO taking over from Colin Gruending. Vern will be accountable for all the company's financial affairs including Budgeting, Financial Planning & Reporting, Treasury, Investor Relations, Tax, Risk, Insurance and Audit management functions as well as Sustained Business Optimization. Prior to this role, Vern was Executive Vice President & President, Liquids Pipelines. During his 25+ year tenure with Enbridge, Vern has held executive roles in finance, strategic planning, corporate development, and renewable power as well as leading the business and market development activities for Liquids Pipelines during a period of substantive growth. Colin Gruending is appointed Executive Vice President & President Liquids Pipelines taking over from Vern Yu. Colin will be accountable for all of Liquids Pipelines operations and business development. Prior to this role, Colin was Executive Vice President & CFO. During his 22+ years with Enbridge, Colin has a developed a deep understanding of the business and operations having held several executive leadership roles in finance, investor relations, accounting, pension management, strategic planning, corporate development, and M&A.
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KTOS | Hot Stocks07:02 EDT Space industry companies form Digital IF Interoperability Consortium - Leading companies and organizations in the space industry, including two major branches of the U.S. Department of Defense, have come together to form the Digital IF Interoperability (DIFI) Consortium, a non-profit industry group created to advance interoperability among space and ground system networks. Formed under the auspices of The IEEE Industry Standards and Technology Organization (ISTO), an international federation of leading industry groups and consortia dedicated to the advancement of standardized technologies for the benefit of industry. The founding board members include Hawkeye 360, Intelsat Corp., Kongsberg Satellite Services AS, Kratos Defense & Security Solutions, Kymeta Corp. and Microsoft, as well as founding government member the U.S. Navy. Other U.S. military service branches have also expressed interest in working with the Consortium. The mission of DIFI is to enable the digital transformation of space, satellite and related industries by providing a simple, open, interoperable Digital IF/RF standard that replaces the natural interoperability of analog IF signals and helps prevent vendor lock-in. The newly formed consortium is in the process of implementing administrative structures and recruiting additional member companies and organizations with an interest in space networks to become active participants in DIFI.
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SCOR | Hot Stocks07:02 EDT Comscore signs agreement with Cornerstone Media Group for local TV measurement - Comscore has signed a new agreement with Cornerstone Media Group, or CMG, a DRTV industry leader, for local television measurement. Under the terms of the agreement, CMG will be expanding its offering to the local market space and will exclusively use Comscore's local TV ratings currency data across all 210 local media markets.
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AXGN | Hot Stocks07:01 EDT AxoGen RECON study completes subject follow-up - Axogen announced that the RECON Clinical Study supporting its Biologics License Application for Avance Nerve Graft has completed follow-up of study subjects. RECON reached its enrollment target of 220 subjects in July 2020. The study remains on schedule with a top line study data read-out expected in the second quarter of 2022, followed by filing of the BLA submission in 2023. RECON compares Avance Nerve Graft to manufactured conduits in digital nerve injuries with a primary endpoint of recovery of static two-point discrimination, a measure of sensation, and secondary endpoints for quality of life and subject satisfaction. The BLA will transition Avance Nerve Graft from a human tissue product to a biological product. "We are pleased to have reached this milestone and thank the study investigators and research teams for their dedication and commitment to this landmark study," commented Karen Zaderej, chairman, CEO, and president of Axogen. "The RECON study is designed to provide Level 1 clinical data for our BLA, and will provide additional evidence for surgeons in their clinical decision making for the repair of peripheral nerve injuries."
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SAH | Hot Stocks06:57 EDT Sonic Automotive acquires Audi and Volkswagen franchises in Colorado - Sonic Automotive acquired Audi Glenwood Springs and Glenwood Springs Volkswagen in Glenwood Springs, Colorado. Sonic Automotive recently acquired Grand Junction Subaru and Grand Junction Volkswagen in Grand Junction, Colorado. Within the State of Colorado, Sonic Automotive also operates BMW of Denver Downtown, Mercedes-Benz of Denver, Mountain States Toyota, and Land Rover of Roaring Fork, as well as EchoPark Automotive locations in Thornton, Centennial, and Colorado Springs.
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DG | Hot Stocks06:56 EDT Dollar General looking to hire additional employees - Dollar General is looking to hire additional employees to serve its customers and communities with opportunities currently available in stores, distribution centers, the DG Private Fleet and its Store Support Center. These efforts come on the heels of the company's successful hiring initiative in which more than 50,000 employees have been hired since mid-July.
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LVS... | Hot Stocks06:54 EDT Macau reports August casino revenue up 234% to 4.44B patacas - Macau's gaming bureau reported August gross revenue from games of fortune in the region increased 234.0% year-over-year to 4.442B patacas. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Resorts (MLCO). Reference Link
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MRK | Hot Stocks06:48 EDT Merck and Ridgeback begin Phase 3 study of molnupiravir in COVID-19 infection - Merck and Ridgeback Biotherapeutics initiated the Phase 3 MOVe-AHEAD clinical trial to evaluate molnupiravir, an investigational oral antiviral therapeutic, for the prevention of COVID-19 infection. The global study is enrolling individuals who are at least 18 years of age and reside in the same household as someone with laboratory-confirmed SARS-CoV-2 infection with symptoms. The safety and efficacy of molnupiravir is also currently being evaluated in Part 2 of the ongoing MOVe-OUT trial, which is a global Phase 3 study of non-hospitalized adult patients with laboratory-confirmed mild to moderate COVID-19 and at least one risk factor associated with poor disease outcomes. Data from the study is expected in the second half of 2021. Participants are not eligible for the trial if they have received the first dose of a COVID-19 vaccine more than seven days prior to enrollment, have previously had COVID-19 or are showing any signs or symptoms of COVID-19.
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SBH SFM | Hot Stocks06:47 EDT Sally Beauty names Denise Paulonis as CEO, succeeding Chris Brickman - Sally Beauty (SBH) announced that Denise Paulonis will be appointed President and CEO, effective October 1. Paulonis succeeds Chris Brickman who will be stepping down. Brickman will continue to serve as President and CEO of the company and as a member of the Board until September 30, when he will step down from both positions. Thereafter, Brickman will serve in a consulting capacity through March 31, 2022, to support an orderly transition. This leadership transition is the result of the Board of Directors' and Brickman's deliberate and collaborative approach to succession planning. Paulonis has been a member of the company's Board of Directors since 2018 and is the current Chair of the Audit Committee. Most recently she served as CFO of Sprouts Farmers Market (SFM).
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DADA JD | Hot Stocks06:47 EDT Dada Nexus, JD.com and ASUS enter fulfillment partnership - Dada Group (DADA) and JD.com (JD), as well as ASUS, announced the forming of a partnership with a focus on digital transformation of offline stores to improve fulfillment efficiency and one-hour shopping experience for laptops and computer accessories. To date, over 150 ASUS stores in China have launched on JD.com and JD Daojia, Dada's on-demand retail platform. By the second half of 2021, the one-hour shopping service will cover all ASUS stores in China. When consumers order via JD.com and the JDDJ platform, ASUS laptops and computer accessories are delivered from the nearest ASUS store within one hour by Dada's riders. Through the partnership, the three companies will collaborate in product management, digital marketing, refined user operation and optimization of fulfillment efficiency.
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HOOD | Hot Stocks06:36 EDT Cathie Wood's ARK Investment bought 260K shares of Robinhood on Tuesday
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ZM | Hot Stocks06:35 EDT Cathie Wood's ARK Investment bought 194K shares of Zoom Video on Tuesday - Shares of Zoom Video are up 0.8% at $291.74 in early pre-market trading.
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TANH | Hot Stocks06:32 EDT Tantech Holdings receives noncompliance notification from Nasdaq - Tantech Holdings announced that it received a letter from Nasdaq, notifying the company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550. It resulted from the fact that the closing bid price of the company's ordinary shares was below $1.00 per share for a period of 30 consecutive business days. This press release is issued pursuant to Nasdaq Listing Rule 5810, which requires prompt disclosure of receipt of a deficiency notification. The notification has no immediate effect on the listing of the company's common shares, which will continue to trade uninterrupted on Nasdaq.
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MUFG | Hot Stocks06:32 EDT Mitsubishi Group invests additional $120M in Mars Growth fund - Mitsubishi Group has injected another $120M investment into the Mars Growth fund, a 50/50 joint venture owned by MUFG and Liquidity Capital. MUFG has a broader strategic relationship with Liquidity and this latest investment represents their cumulative investment of $220M to date.
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NIO | Hot Stocks06:31 EDT Nio down 4% at $37.73 after August delivery data and cut to Q3 production target
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SKLZ | Hot Stocks06:29 EDT Skillz up another 7% in pre-market trading at $12.58 per share - Shares of Skillz are up about 7% at $12.58 in pre-market trading following yesterday's 11.1% advance. The stock is in the top-10 highest trending tickers on StockTwits and top-5 on WallStreetBets Reddit thread in terms of message volume over the past 24 hours.
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BXRX | Hot Stocks06:19 EDT Baudax Bio director buys 100K shares of common stock - In a regulatory filing, Baudax Bio disclosed that its director Winston Churchill bought 100K shares of common stock on August 31st in a total transaction size of $62.9K. Shares are up 16% at 73c in pre-market trading.
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HPE | Hot Stocks06:12 EDT HP Enterprise builds research supercomputer for Japan's University of Hyogo - Hewlett Packard Enterprise has built a new supercomputer for the University of Hyogo, a public university in Japan. The new supercomputer uses HPE Apollo systems to target modeling, simulation and artificial intelligence capabilities to advance investigations into society's issues. This is the university's third generation supercomputer to run big data sets involving complex scientific data across meteorology, manufacturing, physics and medicine. The capabilities will also help increase accuracy in outcomes through the use of AI and machine learning. University of Hyogo's new supercomputer is built using HPE Apollo 6500 Gen10 and HPE Apollo 2000 Gen10 systems featuring NVIDIA V100 Tensor Core GPUs.
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GM TU | Hot Stocks06:10 EDT General Motors Canada, Telus partner on connected-vehicle services - GM Canada (GM) and Telus (TU) are working together to connect GM's next-generation vehicles to Telus' 5G network. This represents the first time GM has selected a domestic communications company to provide connected-vehicle services for Canadian customers. GM and Telus are collaborating to enable high-performance wireless network capabilities that will meet the unique needs of an all-electric and autonomous vehicle future. The first GM vehicles with built-in connectivity to TELUS' high-performance 4G-LTE and 5G network are expected to be introduced with the 2025 model year. Additionally, through GM's fifth generation rollout, current 4G LTE-equipped model year 2019 and newer vehicles will be able to migrate to the new TELUS network. As a result, current Chevrolet, Buick, GMC, and Cadillac owners in Canada will experience faster connectivity speeds and some of the same performance benefits of future 5G-equipped vehicles. As part of GM's innovation and growth efforts, these network improvements will be foundational for the future of GM's growing over-the-air update strategy. With more advanced features, robust software, and faster download speeds, more data is accessible to provide a more convenient customer experience. When launched, GM will provide access for its strategic partners to leverage TELUS' 5G network, raising the bar for the interoperability and scale necessary to deliver future mobility services, such as e-commerce, smart city and vehicle-to-electric grid.
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CONN | Hot Stocks06:07 EDT Conn's raises FY22 SSS growth view to mid-teens from high single digits - "Strong second quarter retail and credit results exceeded our expectations and demonstrate that our growth strategies are taking hold. Second quarter same store sales increased 16.4% and total retail sales are up 24.0% over the prior year period. Strong retail performance combined with a second quarter credit spread of 1,200 basis points, contributed to record second quarter earnings per diluted share. In fact, earnings per diluted share of $2.74 for the first six months of the year are higher than any annual earnings in Conn's 131-year history," stated Chandra Holt, Conn's CEO. "Momentum remains positive across our business reflecting strong consumer demand and the growth strategies we have put in place. Total retail sales for the first half have increased at the fastest growth rate in seven years. As a result, we are increasing our fiscal year 2022 same store sales expectation from high single-digit same store sales growth to mid-teens same store sales growth," continued Holt.
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GRVY | Hot Stocks06:06 EDT Gravity launches Ragnarok X: Next Generation game in Vietnam - Gravity announced that Ragnarok X: Next Generation, a MMORPG mobile game, has been officially launched in Vietnam on September 1. After previously launching this game in Taiwan, Hong Kong and Macau on October 15, 2020, and in Southeast Asia on June 18, 2021, the game exceeded records of Ragnarok M: Eternal Love, a MMORPG mobile game, and it continues to achieve great results with high ranking in top grossing of Apple App Store and Google Play. Ragnarok X: Next Generation is scheduled to be released in Korea in the first half of 2022.
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SMP | Hot Stocks06:05 EDT Standard Motor acquires Stabil Operative Group, sees accretion - Standard Motor announced that it has acquired 100% of the capital stock of Stabil Operative Group, a German company. Stabil is a manufacturer and distributor of a variety of components, including electronic sensors, control units, and clamping devices to the European OE market, servicing both commercial and light vehicle applications. Stabil generates approximately $25M in annual revenue and has facilities in Germany and Hungary. SMP will fund the acquisition in cash through borrowings under its revolving credit facility. It is anticipated the acquisition will be accretive to diluted earnings per share in 2022.
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FAT | Hot Stocks06:03 EDT Fat Brands to acquire Twin Peaks restaurant chain for $300M - Fat Brands has agreed to acquire Twin Peaks, a chain of sports lodges known for scratch-made food and signature 29 degrees draft beers, from Garnett Station Partners for $300M. This acquisition brings to FAT Brands a fast-growing, polished casual dining brand, and will be funded with the proceeds of $250M of new securitization notes and the issuance to the sellers of shares of Series B preferred stock. The purchase of Twin Peaks is expected to bring Fat Brands' systemwide sales from approximately $1.4B to over $1.8B across more than 2,100 franchised and corporate-owned stores around the world. The addition of Twin Peaks, including the new stores due to open and under development, is expected to increase the company's post-COVID normalized EBITDA by approximately $25M-$30M.
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XPEV | Hot Stocks05:46 EDT XPeng reports August deliveries of 7,214 vehicles, up 172% - XPeng announced its vehicle delivery results for August. In August, XPeng delivered 7,214 Smart EVs, representing a 172% increase year-over-year. Deliveries in August consisted of 6,165 P7s, the company's sports smart sedan, and 1,049 G3s, its smart compact SUV. In total, 2021 year-to-date deliveries reached 45,992 vehicles, representing a 334% increase year-over-year. P7 deliveries continued to strengthen, achieving a record month in August and a 209% increase year-over-year. In August, the company began to transition production for the G3 SUV to G3i, the mid-cycle facelift version of G3, to its wholly-owned Zhaoqing Smart EV Manufacturing Base. As a result, some planned deliveries of the G3 were affected in August. The company expects to start deliveries of the G3i to start in September. On September 15, the company plans to officially launch the P5 family sedan, its third production model, with deliveries starting in October.
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NIO | Hot Stocks05:43 EDT Nio lowers Q3 production view to 22,500-23,500 vehicles from 23,000-25,000 - In light of the continued uncertainty and volatility of semiconductor supply, the company prudently adjusted the vehicle production and expects to deliver approximately 22,500 to 23,500 vehicles in Q3 revised from the previous outlook of 23,000 to 25,000 vehicles.
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NIO | Hot Stocks05:42 EDT Nio reports August deliveries of 5,880 vehicles, up 48.3% - Nio announced its August delivery results. Nio delivered 5,880 vehicles in August, representing a 48.3% year-over-year growth. While the Company's new order reached an all-time high in August driven by the increasing demand, the vehicle production, especially the manufacturing of the ES6 and EC6, was materially disrupted by supply chain constraints resulting from the COVID-19 pandemic in certain areas in China and Malaysia. The deliveries consisted of 1,738 ES8s, the Company's six-seater or seven-seater smart electric SUV, 2,342 ES6s, the Company's five-seater premium smart electric SUV, and 1,800 EC6s, the Company's five-seater smart electric coupe SUV. As of August 31, cumulative deliveries of the ES8, ES6 and EC6 reached 131,408 vehicles.
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CNI KSU | Hot Stocks05:39 EDT Canadian National issues response to STB decision in Kansas City Southern deal - Canadian National (CNI) issued the following statement in response to the recent decision by the Surface Transportation Board, or STB, in relation to CN's proposed combination with Kansas City Southern (KSU): "We are disappointed in the STB's decision regarding the joint voting trust application filed by CN and KCS. We are evaluating the options available to us in light of the STB's decision. We remain confident that our pro-competitive, end-to-end combination is in the public interest and that it would offer unparalleled opportunities and benefits for customers, employees, the environment and the North American economy. The combined company would create the premier railway for the 21st century and establish seamless single-line service from Canada, through the United States and into Mexico. Since the proposed combination with KCS was announced, we have been encouraged by the overwhelming support from both companies' customers, employees, local communities and shareholders. We continue to believe that the combination of CN and KCS would enhance competition, expand North American trade and power economic prosperity, provide new and faster routes, increase supply chain efficiency and deliver other benefits to the public good."
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IQ | Hot Stocks05:33 EDT iQIYI launches QIYU 3 VR headset - iQIYI launched its latest virtual reality, or VR headset, the QIYU 3. The launch event of the product, which was live-streamed to millions of fans via extended reality, or XR, technology, showcased the features of the QIYU 3 and unveiled a number of free games for the device.
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WMT | Hot Stocks05:32 EDT Walmart to hire 20,000 additional supply chain associates - The company said, "As our business continues evolving to meet the needs of today's customers, having a robust supply chain is more important than ever. That's why we're excited to announce that our team is growing. We released FY22 Q2 earnings last week, and they revealed just how much Walmart has grown over the past year - we had another strong quarter. Innovation across all areas of the business had a huge impact on our growth, and earlier this year, we shared plans to roll out high-tech automation systems to our facilities in addition to high-tech grocery distribution centers. In order to support that growth, we're planning to hire 20,000 new associates across more than 250 Walmart and Sam's Club distribution centers (DCs), fulfillment centers (FCs) and transportation offices. Next week we're holding special hiring events on Sept. 8 - 9 to attract the best and brightest candidates in all our supply chain locations. We'll be filling a wide range of roles, including order fillers, freight handlers, lift drivers, technicians and management positions. These positions will be permanent roles and will be offered in both full-and part-time capacities. We know that offering competitive pay is essential in order to build a network for the future. The average wage for supply chain associates is $20.37 per hour."
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PHG | Hot Stocks05:26 EDT Philips initiates repair, replacement program for DreamStation following recall - Royal Philips announced an update in connection with the June 14 recall notification for specific Philips sleep and respiratory care devices that was issued to address potential health risks related to the polyester-based polyurethane sound abatement foam component in these devices. More than half of the affected devices in use globally are in the US. The vast majority of the registered affected devices in the U.S. to date are in the first-generation DreamStation product family. Philips received authorization from the FDA for the rework of the affected first-generation DreamStation devices, which consists of replacement of the PE-PUR sound abatement foam with a new material. Philips anticipates rework to commence in the course of September. In addition to the rework, the company has already started replacing certain affected first-generation DreamStation CPAP devices in the U.S. with DreamStation 2 CPAP devices. Philips remains in dialogue with the FDA with respect to other aspects of the recall notification and mitigation plan in the U.S. Philips is initiating the repair and replacement programs in other countries as well and expects to have these underway in the majority of its markets by the end of September. The company intends to complete the repair and replacement programs within approximately 12 months.
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ALPMY | Hot Stocks05:24 EDT Astellas Pharma pauses screening, dosing of patients in ASPIRO clinical trial - Astellas Pharma announced that it has voluntarily paused screening and dosing of additional participants in its ASPIRO clinical trial evaluating AT132 in patients with X-linked Myotubular Myopathy, or XLMTM. This decision follows the reporting of a recent serious adverse event, or SAE, in a study participant due to abnormal liver function tests observed in the weeks following dosing of the AT132 investigational gene therapy product at a lower dose. Astellas voluntarily halted screening and dosing, reported the SAE to regulatory agencies, and is engaged in dialogue with regulators about this SAE. At this time, an investigational new drug, or IND, clinical hold has not been issued. In the U.S., an IND clinical hold is an order issued by the FDA to the sponsor of a clinical trial to delay a proposed clinical trial or suspend an ongoing clinical trial. If Astellas receives a clinical hold letter, it will review the content and determine next steps. As reported in some XLMTM patients, the participant has a history of intermittent cholestasis. However, prior to dosing, this participant had a normal liver ultrasound; and the participant's LFTs, reflecting normal bilirubin levels, were within eligibility criteria. Astellas will continue to closely monitor the participant's status.
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ESLT | Hot Stocks05:18 EDT Elbit Systems CFO Joseph Gaspar to switch roles, Kobi Kagan to succeed - Elbit Systems announced that, after 20 years as CFO of the company, and having held various managerial positions in Elbit Systems and its subsidiaries around the world for many years prior to that, Joseph Gaspar will become senior executive VP- business management. Kobi Kagan, currently serving as deputy GM and senior VP - finance and control of Elbit Systems Land, will replace Gaspar as EVP and CFO. The appointments will become effective as of April 1, 2022.
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SLI | Hot Stocks05:14 EDT Standard Lithium provides update on SiFT lithium carbonate plant installation - Standard Lithium offered an update on the installation of the SiFT lithium carbonate plant at its South Arkansas project and other related developments. The installation of the 'SiFT' lithium carbonate plant is completed, with all major connections made to the existing plant, and the installation of a new weatherproof enclosure. 'Wet' commissioning of the SiFT Plant is ongoing, and it is expected that fully integrated operations will commence during September. Standard Lithium has also installed and commissioned a novel osmotically assisted High Pressure Reverse Osmosis, or HPRO, unit at the demonstration plant in El Dorado. This unit sits between LiSTR and SiFT and is used to concentrate the lithium chloride product continuously produced by the existing LiSTR Direct Lithium Extraction, or DLE, plant, so that it can then be converted to lithium carbonate. The HPRO unit is now operational and is being integrated into the overall process flow at the plant. Standard Lithium also issued an update on the company's status following Hurricane Ida. In advance of the storm, Standard Lithium's team in Arkansas engaged pre-emptive emergency safety protocols to secure the plant, critical infrastructure and team at the El Dorado site. Standard Lithium personnel ensured all equipment was moved to a safe, staging area to protected against possible storm damage. Ultimately, with a shift in Hurricane Ida's path, operations continued without interruption.
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PHG | Hot Stocks05:09 EDT Philips receives authorization from FDA for DreamStation rework - Royal Philips announced an update in connection with the June 14 recall notification for specific Philips sleep and respiratory care devices that was issued to address potential health risks related to the polyester-based polyurethane sound abatement foam component in these devices. Philips said it received authorization from the Food and Drug Administration for the rework of the affected first-generation DreamStation devices, which consists of replacement of the polyester-based polyurethane sound abatement foam with a new material. Philips anticipates rework to commence in the course of September. In addition to the rework, the company has already started replacing certain affected first-generation DreamStation CPAP devices in the U.S. with DreamStation 2 CPAP devices. Philips remains in dialogue with the FDA with respect to other aspects of the recall notification and mitigation plan in the U.S. Philips is initiating the repair and replacement programs in other countries as well and expects to have these underway in the majority of its markets by the end of September. The company intends to complete the repair and replacement programs within approximately 12 months. Shares of Philips are up 4% to $47.80 in premarket trading.
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VLVLY | Hot Stocks05:07 EDT Volvo receives its largest electric truck order in North America - Performance Team, a Maersk Company, has placed an order for 16 Volvo VNR Electric Class 8 trucks-the largest commercial order of the North American zero-tailpipe emission model to date. The VNR Electric model from Volvo Trucks North America is the first zero-tailpipe emission, battery-electric Class 8 truck in Performance Team's fleet, which will be on the road by end of year. When put into service, all 16 vehicles will be carrying regional loads daily to customers across Southern California.
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