Stockwinners Market Radar for October 18, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
TOL | Hot Stocks18:50 EDT Toll Brothers opens Ridgecrest community near Charlotte - Toll Brothers announced the opening of its newest community in the Charlotte area. Ridgecrest is situated just outside of Charlotte in Indian Land, S.C. Ridgecrest is a place where residents can truly have it all - a convenient location near all the retail and restaurants of the Ballantyne area, an excellent school district, and a wide choice of luxurious new home designs," said Jaime Pou, Division President of Toll Brothers in Charlotte. "We are excited to bring this beautiful new home community to the Charlotte market as we continue to expand the Toll Brothers brand throughout the region."
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DLX | Hot Stocks18:47 EDT Deluxe CEO: We are a trusted payments technology company - In an interview on CNBC's Mad Money, Barry McCarthy said Deluxe is well positioned for small business cash management. "We offer a comprehensive solution for small businesses. The market just hasn't caught up to our story yet," he added. McCarthy is most excited about the company's payments business. He expects checks to be around for a long time despite the rise of electronic payments, noting that they offer solid cash flow for Deluxe and its shareholders.
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UAVS | Hot Stocks17:52 EDT Ageagle Aerial Systems to acquire senseFly for $23M - AgEagle Aerial Systems and Parrot, a leading European drone group, jointly announced that they have signed a definitive agreement under which AgEagle shall acquire senseFly, a Parrot Group wholly-owned subsidiary, in a cash and stock transaction valued at $23M. Founded in 2009, senseFly develops and produces a proprietary line of eBee-branded, high performance, fixed wing drones for professional use. Safe, ultra-light and easy to use, these autonomous drones are utilized by thousands of customers around the world in agriculture, government, engineering and construction, among other industry verticals, to collect actionable aerial data intelligence. Headquartered in Lausanne, Switzerland, senseFly employs approximately 90 people, generating total annual revenues of approximately $12.5M in 2020. In tandem with the closing of the acquisition expected shortly, Labossiere will resign as CEO of senseFly. Michael O'Sullivan, who previously served as the Company's Head of Global Marketing, will be appointed as Managing Director of the new AgEagle subsidiary. All other senseFly employees will retain their current responsibilities.
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FIVN | Hot Stocks17:51 EDT Five9 CEO Trollope sells $234K in company shares - Five9 CEO Rowan Trollope disclosed in a filing that he had sold 1,460 shares of company stock at $160.01 per share on October 14, for a total transaction amount of $233,615.
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NXTP | Hot Stocks17:47 EDT NextPlay Technologies co-CEO buys 1.99M shares of common stock - In a regulatory filing, NextPlay Technologies disclosed that its co-CEO Nithinan Boonyawattanapisut bought 1.99M shares of common stock on in a total transaction size of $3.97M, boosting her stake by about 9%.
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RSI | Hot Stocks17:39 EDT Rush Street Interactive to launch PlaySugarHouse online sportsbook statewide - Rush Street Interactive announced the statewide launch of the PlaySugarHouse online sportsbook in Connecticut. Following a successful soft launch period, the official sportsbook of the Connecticut Lottery will be available 24 hours a day, seven days a week on all mobile devices, tablets, desktop and laptop computers for unlimited players aged 21 and older beginning tomorrow, October 19. In addition to betting from their home computers and mobile devices, Connecticut players will soon be able to place bets in-person at one of 15 accessible PlaySugarHouse retail sportsbooks across the state, including 10 Sportech Venues locations, subject to regulatory approvals.
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BAESY | Hot Stocks17:20 EDT BAE Systems awarded $137.12M Navy contract - BAE Systems was awarded a $137.12M cost-plus-fixed-fee, cost-reimbursable, indefinite-delivery/indefinite-quantity contract. This contract provides engineering and integrated product support, technical data and configuration management, and technical and project management in support of life cycle management of legacy, current, and future command, control, communications, computers, combat systems, intelligence, surveillance, and reconnaissance systems and subsystems for the Naval Air Warfare Center Aircraft Division, Webster Outlying Field, Special Communications Mission Solutions Division. Work will be performed in St. Inigoes, Maryland, and is expected to be completed in October 2026. No funds will be obligated at time of award; funds will be obligated on individual orders as they are issued. This contract was competitively procured via an electronic request for proposal; one offer was received. The Naval Air Warfare Center Aircraft Division is the contracting activity.
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HRMY RPAI | Hot Stocks17:20 EDT Harmony Biosciences to replace Retail Properties of America in S&P 600 on 10/22
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TREE KRG | Hot Stocks17:19 EDT LendingTree to replace Kite Realty Group in S&P 600 at open on 10/22
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KRG... | Hot Stocks17:18 EDT Kite Realty Group to replace LendingTree in S&P 400 at open on 10/22 - Kite Realty Group (KRG) is acquiring Retail Properties of America (RPAI) in a deal expected to close soon pending final closing conditions. LendingTree (TREE) has a market capitalization that is more representative of the small-cap market space.
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AEHR | Hot Stocks17:14 EDT Aehr Test Systems Chairman Posedel sells $526K in company shares - Aehr Test Systems Chairman Rhea Posedel disclosed in a regulatory filing that he had sold 25,000 shares of company stock at $21.03 per share between October 14 and October 15 for a total transaction amount of $525,770.
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MIME | Hot Stocks17:13 EDT Mimecast CEO sells 50K shares of common stock - In a regulatory filing, Mimecast disclosed that its CEO Peter Bauer sold 50K share of common stock on October 15th in a total transaction size of $3.3M, reducing his stake by about 2%.
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EQIX | Hot Stocks17:03 EDT Equinix, PGIM Real Estate to establish $575M joint venture in Australia - Equinix and PGIM Real Estate announced an agreement to establish a $575M joint venture in the form of a limited liability partnership to develop and operate two xScale data centers in Sydney, Australia. The facilities in the joint venture, which will be known as SY9x and SY10x, are expected to provide more than 55 megawatts, or MW, of power capacity to serve the core workload deployment needs of a group of hyperscale companies. The first xScale data center in Sydney, SY9x, is expected to open in Q1 2022. Combined with Equinix's existing hyperscale joint ventures in Europe, Asia-Pacific and the Americas, this joint venture will bring the global xScale data center portfolio to more than $7.5B across 34 facilities, and an expected greater than 675 MW of power capacity when completed and fully constructed.
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WVE TAK | Hot Stocks17:02 EDT Wave Life Sciences, Takeda amend CNS collaboratyion - Wave Life Sciences (WVE) "announced an amendment to its ongoing collaboration with Takeda Pharmaceutical Company (TAK), which immediately discontinues the discovery research component of the collaboration that provided Takeda with the right to license multiple preclinical programs for central nervous system indications over a four-year research term. Under terms of the amendment, Takeda will pay Wave $22.5M for collaboration-related research and preclinical expenses. The amendment announced today allows Wave to advance CNS programs independently or enter partnerships in the CNS field outside of the three specified targets, which are part of the ongoing late-stage collaboration between the companies. The late-stage component of the original collaboration led by Wave remains unchanged, including Takeda's option to co-develop and co-commercialize CNS therapies for three targets, C9orf72, HTT and ATXN3, including WVE-004 and WVE-003. WVE-004 and WVE-003 are currently being investigated in the ongoing Phase 1b/2a FOCUS-C9 clinical trial for the treatment of amyotrophic lateral sclerosis and frontotemporal dementia, and the ongoing Phase 1b/2a SELECT-HD clinical trial for the treatment of Huntington's disease, respectively. Should Takeda opt in on any of these programs, Wave would receive an opt-in payment and would lead manufacturing and joint clinical co-development activities. Takeda would lead joint co-commercial activities in the United States and all commercial activities outside of the United States. Global costs and potential profits would be shared 50:50 and Wave would be eligible to receive development and commercial milestone payments."
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WTI | Hot Stocks16:49 EDT W&T Offshore sees FY21 LOE $174M-$180M - W&T Offshore provided an operational update and announced the timing of its Q3 earnings release and conference call. Relative to previously reported production for the Q2, approximately 80% of the Company's production was shut-in at one point as a result of Hurricane Ida. The majority of the impacted production was brought back online throughout September. As a result of this downtime, based on preliminary estimates, net production for the Q3 is expected to average between 34,200 and 35,100 barrels of oil equivalent per day, or Boe/d, 34% oil, 11% natural gas liquids, and 55% natural gas. Production for the Q4 is expected to average between 34,800 and 38,500 Boe/d which assumes the Big Bend and Dantzler wells are returned to production by the end of October as expected. The remaining hurricane-impacted production is expected to be online by the end of 2021. Through October 16, 2021, W&T estimates that it has averaged approximately 35,900 Boe/d net for the month of October. Unplanned costs for minor repairs and restoring production, as well as evacuating employees and contractors, were incurred as a result of the hurricane. Due to these costs, less than anticipated Office of Natural Resources Revenue credits, and slight increases to components of base lease operating expense, or LOE, guidance for LOE is now expected to be between $174M-$180M for 2021. Hurricane season in the Gulf of Mexico typically lasts until the end of November and the commentary above does not contemplate any potential impact for further storm activity in the Q4.
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D | Hot Stocks16:42 EDT Dominion Virginia, SCC staff file rate case settlement agreement - The company states: "Dominion Energy Virginia, the Virginia State Corporation Commission, or SCC, Staff, the Office of the Attorney General, and other parties filed a comprehensive settlement agreement in the Company's pending triennial base rate case. If approved by the SCC, the agreement would resolve the ongoing review of the company's performance over the past four years as well as provide significant additional customer benefits. The settlement agreement provides a balanced, reasonable and cost-effective approach that supports continued capital investments in Virginia in order to meet the Commonwealth's public policy priorities and the needs of our customers. Those investments include the development of the Coastal Virginia Offshore Wind project -- the largest on this side of the Atlantic - as well as growing one of the leading state-regulated utility solar portfolios in the country. These, along with other investments including nuclear relicensing, energy storage and grid modernization, put the company well on its way to reaching 100% clean energy by 2045 in Virginia and net zero emissions by 2050 across Dominion Energy's nationwide footprint. The settlement agreement aligns with the customer-focused, state regulated utility framework in Virginia. That framework has resulted in nationally leading decarbonization goals, customer rates lower than national and regional averages and high levels of reliability for customers, made possible by a state regulatory model that embraces long-term planning and resiliency safeguards. Key components of the settlement, which requires approval from the SCC, would provide significant customer benefits, including the following: A total of $330M in one-time refunds on customer bills made up of $255M over a 6-month period and $75M over three years, resulting in a total proposed refund of approximately $67 for a typical residential customer; Use of $309M in revenue to offset costs of the Coastal Virginia Offshore Wind pilot project, deployment of smart meters and a Customer Information Platform, as part of the Customer Credit Reinvestment Offset ) mechanism defined by Virginia law; A $50M going-forward rate reduction, resulting in a proposed monthly bill reduction of approximately 90 cents for a typical residential customer."
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LUV | Hot Stocks16:41 EDT Southwest announces 10-year environmental sustainability plan - Southwest Airlines announced a series of near-term goals, actions, and initiatives in support of a 10-year plan to maintain carbon neutrality to 2019 levels while continuing to grow its operations. The company plans to achieve these objectives through the following actions: Reduce its carbon emissions per available seat mile (including scope 1 and scope 2 emissions) by at least 20% by 2030 through fleet modernization, route optimization, and other initiatives. Replace 10% of its total jet fuel consumption with sustainable aviation fuel by 2030. Offset emissions by providing the first U.S.-based airline carbon offset offer with loyalty points and for every dollar contributed toward offsetting Southwest's carbon emissions, Southwest will match the contribution. "As a leading global citizen, we're building on prior efforts to address our environmental impact, and with today's announcement, we're setting goals to reduce our carbon emission intensity and increase SAF in our operations; and we're working to advance knowledge in the field of sustainability," said Bob Jordan, Executive Vice President and Incoming CEO at Southwest Airlines.
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ETTX | Hot Stocks16:37 EDT Entasis Therapeutics jumps over 30% to $4.06 after ATTACK trial met enpoint
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MMX | Hot Stocks16:36 EDT Maverix Metals expands royalty interest at Omolon - Maverix Metals is "pleased to announce it has reached an agreement with Omolon Gold Mining Company LLC, a wholly owned subsidiary of Polymetal International plc to increase and expand Maverix's royalty interest in the Omolon hub operation located in Magadan Region, Russia. Maverix will make a cash payment equal to $23.5 million to increase its effective interest to a 2.5% gross revenue royalty and expand the royalty coverage to include all 13 licenses that currently comprise the Omolon hub and potentially an additional three that are in the application phase. Prior to this transaction, Maverix's 2% gross revenue royalty covered two licenses. Upon sales of one million gold equivalent ounces at Omolon, post completion of the transaction, the effective interest will decrease from 2.5% to 2.0%, and upon sales of 1.2 million gold equivalent ounces, Maverix will make an additional $1.5 million cash payment. "
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ALK | Hot Stocks16:35 EDT Alaska Air forms Alaska Star Venture to accelerate progress to net zero - Alaska Airlines announced the formation of a new LLC, Alaska Star Ventures, to advance emerging technology that will accelerate the airline's progress toward net zero carbon emissions. For the inaugural investment by Alaska Star Ventures, the company partnered with UP.Partners, an early-stage investor in sustainable, multi-dimensional mobility technologies that are transforming the moving world. The company's commitments to reduce its impact on carbon, waste and water build on a track record of progress in environmental sustainability including industry-leading onboard recycling, eliminating plastic straws and stir sticks, enabling touchless and paper-less guest experiences through technology, advancing the use of sustainable aviation fuels, and partnering with the Boeing ecoDemonstrator program to evaluate and test sustainability-focused technology.
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ETTX | Hot Stocks16:35 EDT Entasis Therapeutics Holdings Inc trading resumes
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ETTX | Hot Stocks16:34 EDT Entasis Therapeutics to resume trading at 16:35ET
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BHLB UPST | Hot Stocks16:33 EDT Berkshire Hills Bancorp forms partnership with Upstart - Berkshire Hills Bancorp (BHLB) announced that the Bank has entered into a partnership with Upstart (UPST), an artificial intelligence lending platform designed to improve access to affordable credit while reducing the risk and costs of lending. Berkshire Bank will expand consumer lending options via a seamless, digital experience enabled by Upstart's lending platform and the Upstart Referral Network. "We are excited to enter this partnership with Upstart," said Nitin Mhatre, CEO of Berkshire Bank. "With an exceptional all-digital personal loan experience, it will make credit more accessible and aligns with our focus on reaching more people in our communities while helping grow our consumer lending business. It's also the first of many programs to result directly from the 'digitize' pillar within Berkshire's Exciting Strategic Transformation (BEST) plan."
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TUP | Hot Stocks16:33 EDT Tupperware Brands to sell House of Fuller beauty business, terms undisclosed - Tupperware Brands announced the entry into a definitive agreement for the sale of its House of Fuller beauty business in Mexico. Terms of the transaction, including the anticipated closing date, have not been disclosed. The sale of the House of Fuller beauty business follows the company's sale of its Avroy Shlain beauty business in South Africa during Q1.
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BRBS | Hot Stocks16:32 EDT Blue Ridge Bank raises minimum hourly pay to $17 from $15 - Blue Ridge Bank increased its minimum pay rate from $15 to $17 per hour, a 13.3% increase. This increase went into effect October 1, 2021. This minimum hourly pay rate is substantially above the Commonwealth of Virginia's minimum hourly wage rate of $9.50 and the federal minimum hourly wage rate of $7.25. "We adopted a commitment to maintain a living wage for all members of our team when we implemented a minimum $15 per hour pay rate at the beginning of 2020," said Brian K. Plum, President and CEO of Blue Ridge Bank. "An increase to $17 per hour based on the incredible effort and commitment everyone on our team demonstrated in 2020 and 2021 was an easy decision." Blue Ridge Bank also awarded bonus payouts ranging from $2,000 to $5,000 at the end of June 2021 for all employees making less than $100,000 in annual salary. The bonus payments rewarded the team for its efforts continuing to serve customers through the COVID-19 pandemic and with the Paycheck Protection Program. These payments were on top of payments awarded at the end of 2020 up to $2,000 per employee.
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APOG | Hot Stocks16:32 EDT Apogee Enterprises to sell Georgia facility - Apogee Enterprises announced that it has entered into an agreement to sell its Architectural Glass facility located in Statesboro, Georgia to Cardinal Glass Industries. Apogee had previously announced its intent to close the Statesboro location as a part of a broader restructuring plan. Cardinal Glass plans to repurpose the facility to support its residential glass business. The transaction is expected to close in Q4 of FY22, subject to certain closing conditions. Apogee expects to record a pre-tax gain on the sale of between $18M-$20M.
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STLD | Hot Stocks16:32 EDT Steel Dynamics CEO sees 'solid domestic steel demand' for Q4 - "Current market conditions are in place to support solid domestic steel demand for the fourth quarter and into 2022," said CEO Millett. "Order entry activity continues to be robust across our businesses. We continue to see strong steel demand coupled with moderating, but still historically low customer inventories throughout the supply chain. These dynamics support continued elevated steel selling values. Domestic steel demand remains solid in our automotive, construction, and industrial end markets. We believe this momentum will continue and that our fourth quarter consolidated earnings could represent another record performance. Based on strong domestic steel fundamentals and customer confidence, we continue to be positive regarding North American steel market dynamics. This constructive environment coupled with our strategic growth initiatives provide firm drivers for our further growth in the coming years. We and our customers continue to be extremely excited about our Sinton Texas EAF Flat Roll Steel Mill investment. It represents transformational competitively-advantaged strategic growth, with associated long-term value creation for all of our stakeholders. I want to thank the entire Sinton team for their tremendous efforts. Actual steel production is still planned to start before the end of 2021, and based on current forecasts, we believe shipments could be in the range of 2.0 million tons to 2.2 million tons in 2022. Based on mid-cycle flat roll metal spreads, we currently believe through-cycle annual EBITDA for our Sinton Texas Flat Roll Steel Mill once fully operational with access to four value-added coating lines is likely in the range of $475 million to $525 million. We also plan to invest approximately $500 million to build four additional value-added flat roll steel coating lines comprised of two paint lines and two galvanizing lines with Galvalume coating capability, a set of which will be located onsite at our new Texas steel mill, providing Sinton with the same diversification and higher-margin product capabilities as our two existing flat roll steel divisions. The other two lines will be placed at our Heartland Flat Roll Division located in Terre Haute, Indiana to support growing coated flat roll steel demand in the region and to further increase the diversification and cash generation capacity of our existing Midwest operations. Based on current estimates, we believe these four lines will likely begin operating mid-2023. From our founding over 25 years ago, Steel Dynamics has been intentional in managing our resources sustainably for the benefit of our teams, communities, and the environment. We are a steel industry leader in sustainability, operating exclusively with electric arc furnace technology with a circular manufacturing model. As our journey continues, we are committed to the reduction of our environmental footprint, including a goal for our steel mills to be carbon neutral by 2050. We are starting from a position of strength yet plan to do more. We are competitively positioned and focused toward generating long-term sustainable growth for all of our stakeholders," concluded Millett.
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ACMR | Hot Stocks16:23 EDT ACM Research receives order for evaluation tool 'from a major IC manufacturer' - ACM Research announced the receipt of an evaluation tool order for its Ultra ECP map copper plating tool from a major IC manufacturer. The order specifies a delivery in early 2022 and is subject to technical qualification and other commercial terms. "We are thrilled to have another major Asia-based semiconductor manufacturer evaluating the Ultra ECP map tool for its advanced process development," said Dr. David Wang, President and Chief Executive Officer of ACM. "This order is a testament to ACM's technology leadership, regional support team and growing production scale. We believe a successful qualification of this tool can lead to larger business opportunities with this customer and other major customers in the region." ACM's Ultra ECP map builds on ACM's proven electro-chemical-plating, ECP, technology. The tool is configured with ACM's Multi-Anode Partial Plating function, which allows the deposition of the copper metal layer on a dual-damascene structure for its advanced technology nodes. The tool is designed to be compatible with ultra-thin seed layers and to offer high throughput and uptime with a lower cost of consumables and lower cost of ownership.
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ETTX | Hot Stocks16:21 EDT Entasis Therapeutics announces ATTACK trial meets primary endpoint - Entasis Therapeutics announced topline results from its ATTACK trial-a global Phase 3 registrational trial evaluating the safety and efficacy of SUL-DUR versus colistin in patients with infections caused by Acinetobacter baumannii. SUL-DUR met the primary endpoint of 28-day all-cause mortality in patients with carbapenem-resistant Acinetobacter infections, demonstrating statistical non-inferiority versus colistin. Mortality analyses favored SUL-DUR versus colistin in CRABC m-MITT and all study populations included in the topline results. At Test of Cure, there was a statistically significant difference in clinical response favoring SUL-DUR over colistin. SUL-DUR met the primary safety objective of the study achieving statistically significant reduction in nephrotoxicity. ATTACK enrolled 207 patients at 95 clinical sites in 17 countries. This was a two-part trial with Part A being the randomized, comparative portion in patients with documented Acinetobacter baumannii hospital-acquired bacterial pneumonia, ventilator-associated bacterial pneumonia, ventilated pneumonia, or bacteremia and Part B being an open-labeled portion including ABC infections resistant to or failed colistin or polymyxin B treatment. All patients received imipenem/cilastatin as background therapy. Approximately 95% of baseline Acinetobacter isolates tested were carbapenem resistant. SUL-DUR met the primary efficacy endpoint of 28-day all-cause mortality compared to colistin in the CRABC m-MITT population of Part A. SUL-DUR mortality was 19% compared to 32.3% in the colistin arm. Similar trends were observed in 28-day and 14-day all-cause mortality favoring SUL-DUR across all study populations evaluated to date. A statistically significant difference in clinical cure at Test of Cure, or TOC, was observed with 61.9% in SUL-DUR arm compared to 40.3% in the colistin arm. In Part B, the 28-day all-cause mortality was 17.9% and consistent with that observed in Part A. Safety analyses were conducted in a total of 205 patients with at least one dose in Part A and Part B. SUL-DUR met the primary safety objective with a statistically significant reduction in nephrotoxicity as measured by the RIFLE classification. SUL-DUR nephrotoxicity was 13.2% versus 37.6% in the colistin arm. Overall adverse events, or AEs, in the safety population were comparable between treatment groups with 87.9% in the SUL-DUR arm versus 94.2% in the colistin arm in Part A, 89.3% in Part B. Drug related AEs were 12.1% with SUL-DUR compared to 30.2% with colistin in Part A, 10.7% in Part B.
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ACMR | Hot Stocks16:21 EDT ACM Research receives order for SAPS evaluation tool from global chip maker - ACM Research announced the receipt of an evaluation tool order for its Ultra C SAPS frontside cleaning tool from a major global semiconductor manufacturer. The tool is expected to be installed in the prospective customer's China-based development fab in the first quarter of 2022. "This order represents a great opportunity for ACM from a global semiconductor company with operations in China," said Dr. David Wang, President and Chief Executive Officer of ACM Research. "The manufacturer chose to evaluate ACM's SAPS technology to assess its ability to enhance the manufacturer's R&D capability and production processes. We believe a successful evaluation of this tool could lead to larger business opportunities with this customer and other major customers in the region." ACM's proprietary Space Alternated Phase Shift SAPS advanced wafer cleaning technology employs alternating phases of megasonic waves in the gap between a megasonic transducer and the wafer. Unlike the stationary megasonic transducers used in previous generations of megasonic wafer cleaning systems, SAPS technology moves or tilts the transducer while the wafer rotates, enabling megasonic energy to be delivered uniformly across all points on the wafer, even if the wafer is warped. SAPS is a faster process than conventional megasonic cleaning, does not experience material loss or create a rough wafer surface. SAPS achieves more thorough, comprehensive cleaning without damage to device features and has been demonstrated to 10nm and beyond.
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FTI TALO | Hot Stocks16:19 EDT TechnipFMC, Talos enter strategic alliance over carbon capture, storage - TechnipFMC (FTI) and Talos Energy (TALO) announced that they have entered into a long-term strategic alliance to develop and deliver technical and commercial solutions to Carbon Capture and Storage projects along the United States Gulf Coast. The alliance combines Talos's offshore operational strength and sub-surface expertise with TechnipFMC's extended history in subsea engineering, system integration and automation and control. Cultivated through a shared vision to responsibly deliver CCS solutions that will help to reduce the global carbon footprint, this innovative partnership will accelerate offshore CCS adoption with reliable, specialized CCS systems. Under the alliance, the companies will collaborate to progress CCS opportunities through the full lifecycle of storage site characterization, front-end engineering and design, and first injection through life of field operations. This further advances the companies' leadership in the emerging Gulf Coast CCS market, building on Talos's recent successful award as the operator of the only major offshore carbon sequestration hub in the United States.
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CALA TAK | Hot Stocks16:17 EDT Calithera acquires two Takeda oncology assets for $10M cash upfront plus equity - Calithera Biosciences (CAL) announced an agreement with Takeda Pharmaceutical (TAK) to acquire two clinical-stage compounds, both of which have demonstrated single-agent clinical activity with the greatest potential in biomarker-defined cancer-patient populations. The compounds, sapanisertib, CB-228, formerly TAK-228, and mivavotinib, CB-659, formerly TAK-659, further strengthen Calithera's pipeline of clinical-stage targeted therapies. "Additionally, mivavotinib has the potential to be a best-in-class SYK inhibitor in non-Hodgkin's lymphoma, as well as a first-to-market approach for patients with diffuse large B-cell lymphoma whose tumors harbor MyD88 and/or CD79 mutations. We plan to start a clinical trial in squamous NSCLC with sapanisertib and a clinical trial in DLBCL with mivavotinib, both in biomarker specific populations, and generate data in the next 12 to 18 months that will define the clinical development and potential regulatory approval paths for both of these compounds." The terms of the transaction include a total upfront cash payment to Takeda of $10M and $35M issued to Takeda in Calithera Series A preferred stock. Additionally, Takeda will be eligible to receive from Calithera clinical development, regulatory and sales milestone payments across both programs. Calithera will pay tiered royalties of high single-digits to low teens on future net sales should these candidates achieve regulatory approvals and subsequent commercial availability. Sapanisertib is a dual TORC 1/2 inhibitor that targets a key survival mechanism in KEAP1/NRF2-mutated tumor cells. These mutations are found in a considerable sub-population of patients across multiple solid tumor types. Sapanisertib has demonstrated promising single-agent activity in patients with relapsed/refractory NRF2-mutated squamous non-small cell lung cancer NSCLC and exhibits differential anti-tumor activity compared to rapalog inhibitors of TORC1 in NRF2-mutant squamous NSCLC in vivo models. A Phase 2 study planned to begin in the first quarter of 2022 will further evaluate sapanisertib as a monotherapy in patients with squamous NSCLC harboring a NRF2 mutation... Accordingly, Calithera plans to initiate a Phase 2 study of mivavotinib in 2022 for the treatment of patients with DLBCL with and without mutations in MyD88 and CD79. Beyond DLBCL, both preclinical and clinical data support expansion across additional NHL subtypes and other hematologic malignancies as part of long-term plans.
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TALO FTI | Hot Stocks16:17 EDT Talos Energy and TechnipFMC announce strategic alliance - Talos Energy (TALO) and TechnipFMC (FTI) announced that they have entered into a long-term strategic alliance to develop and deliver technical and commercial solutions to Carbon Capture and Storage, or CCS, projects along the U.S. Gulf Coast. The alliance combines Talos's offshore operational strength and sub-surface expertise with TechnipFMC's extended history in subsea engineering, system integration and automation and control. Under the alliance, the companies will collaborate to progress CCS opportunities through the full lifecycle of storage site characterization, front-end engineering and design, or FEED, and first injection through life of field operations.
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PRTK | Hot Stocks16:13 EDT Paratek Pharmaceuticals announces first patient enrolled in Nuzyra study - Paratek Pharmaceuticals announced that the first patient has been enrolled in the company's Phase 2b study evaluating the safety and efficacy of Nuzyra for the treatment for nontuberculous mycobacterial, or NTM, pulmonary disease caused by Mycobacterium abscessus complex, or MABc, a rare disease for which there is no FDA-approved therapy.
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AVLR | Hot Stocks16:12 EDT Avalara acquires CrowdReason, terms not disclosed - Avalara announced it has acquired CrowdReason Limited Liability Company, a developer of SaaS-based property tax compliance applications, as well as a related property valuation and advisory services business to help solve property tax compliance challenges. "Adding property tax content and software to our global compliance portfolio extends Avalara's footprint into a large and exciting new tax type. This transaction will increase the opportunity we have to support businesses with more of their compliance requirements," said Jayme Fishman, EVP of corporate development at Avalara. "Effective management of personal property and real property tax serves businesses of all sizes, especially enterprise companies, and is another step forward in our pursuit to be the global compliance platform for businesses." The financial terms of the deal were not disclosed. Avalara acquired the assets of CrowdReason, adding technology, content, and expertise to its platform and team. Avalara also acquired the assets of a valuation advisory services business from CorrelationAdvisors LLC as part of the deal.
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CELC... | Hot Stocks16:10 EDT Celcuity collaborates with Puma to study breast cancer brain metastases - Celcuity (CELC) announced a clinical trial collaboration with the University of Rochester Wilmot Cancer Center and Puma Biotechnology (PBYI) to conduct a Phase 2 clinical trial. This open-label Phase 2 trial will evaluate the efficacy and safety of Puma's drug, NERLYNX, and Xeloda, a Genentech/Roche (RHHBY) drug, in previously treated patients selected with Celcuity's CELsignia HER2 Activity Test who have metastatic HER2-negative breast cancer. Under the agreement, The University of Rochester Wilmot Cancer Center will serve as the sponsor and Ajay Dhakal, M.D., a medical oncologist at the University of Rochester Medical Center, will serve as the principal investigator of this study. The University of Rochester Wilmot Cancer Center is one of the 51 NCI-Designated Comprehensive Cancer Centers in the U.S. tasked with developing new approaches to diagnosing and treating cancer. "This clinical trial could play a key role in creating a new treatment paradigm for metastatic HER2-negative breast cancer patients with brain metastases," said Dr. Dhakal. "We are eager to begin working with Celcuity's cutting-edge CELsignia technology to identify a new subset of patients who may respond to NERLYNX."
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GPI | Hot Stocks16:08 EDT Group 1 Automotive acquires Capital City Honda in Sacramento - Group 1 Automotive announced the acquisition of Capital City Honda in Sacramento, California, which is expected to generate approximately $85M in annualized revenues. Year to date 2021, Group 1 has completed $655M of acquired revenues. The acquisition of this store brings Group 1's total U.S. dealership count to 120. With the Company's previously announced pending acquisition of Prime Automotive Group expected to close in November 2021, the Company's total acquired revenues are expected to be approximately $2.5B at the anticipated closing date, and Group 1's total dealership count would increase to 221 locations globally, which would include 150 U.S. locations.
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CRNX | Hot Stocks16:08 EDT Crinetics forms new company for nonpeptide radiopharmaceuticals Radionetics - Crinetics Pharmaceuticals, together with 5AM Ventures and Frazier Healthcare Partners, announced the formation of an independently operated new company, Radionetics Oncology. Radionetics aims to develop a deep pipeline of novel, targeted, nonpeptide radiopharmaceuticals for the treatment of a broad range of oncology indications. Radionetics' pipeline is based on a broadly enabling platform and intellectual property that will leverage more than a decade of discovery experience within Crinetics. The platform uses nonpeptides as targeting agents designed to deliver therapeutically active radiopharmaceuticals to tumors expressing unique peptide receptors. Radionetics' initial drug development efforts will center on advancing a collection of 10 potent nonpeptide-targeted radiopharmaceutical candidates and leads, discovered at Crinetics, into clinical imaging and efficacy studies. Radionetics will work independently and with Crinetics to identify additional novel radiopharmaceutical targets and drug candidates for a range of cancer indications. In conjunction with formation of the company, Radionetics will receive an exclusive world-wide license to the radiotherapeutics technology platform and associated intellectual property from Crinetics for use in developing radiotherapeutics and related radio-imaging agents in exchange for equity, milestones in excess of $1B and single-digit royalties on net sales. Radionetics launches with a $30M private financing with 5AM Ventures and Frazier Healthcare Partners as the sole investors. Radionetics and Crinetics will also engage in a research collaboration to identify drug candidates for multiple additional targets.
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CROX | Hot Stocks16:06 EDT Crocs names Lori Foglia as Chief Product and Merchandising Officer - Crocs announced that Lori Foglia was hired as Senior Vice President and Chief Product and Merchandising Officer. Foglia will join the Crocs senior leadership team, effective Oct. 18, as the brand continues to experience rapid growth globally. She will report to Crocs Brand President Michelle Poole. Foglia brings nearly 25 years of product, merchandising and commercial experience to Crocs. Formerly with Victoria's Secret, Foglia spent nearly five years overseeing product commercialization for more than 1,000 store locations as well as the company's digital business, driving sales and strategy across multiple categories, including apparel, sport, intimates and accessories.
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DRMA | Hot Stocks16:06 EDT Dermata Therapeutics announces results from DMT310 trial - Dermata Therapeutics announced topline results from its Phase 1b trial of DMT310 in 30 patients as a once-weekly topical application for the treatment of mild-to-moderate psoriasis. DMT310 is Dermata's lead product candidate, with both mechanical and chemical mechanisms of action, currently being investigated to treat multiple inflammatory skin conditions, including acne, psoriasis, and rosacea. The percentage of treatment responders in Physician's Global Assessment, or PGA, with a score of 0 or 1 was 29.6% at Week 8. The percentage of patients with a score of 0 or 1 in total Psoriasis Area Severity Index, or PASI, was 25.9% at Week 8. Treatment with DMT310 resulted in a change from baseline in pruritis of 19.6% for the target lesion at Week 8. DMT310 appeared to be safe with only three reported adverse events, or AEs, with only two of the three AEs evaluated as being related to treatment, and no reported serious AEs. Dermata intends to submit results from this Phase 1b study at a future medical meeting or in a publication.
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AVNW | Hot Stocks16:05 EDT Aviat Networks appoints David Gray as CFO - Aviat Networks announced that David M. Gray will join its management team as Senior Vice President and CFO effective today. To ensure a smooth transition, Gray will work closely with the company's departing CFO Eric Chang, who will remain with the company in an advisory capacity for a period of time. Before joining Aviat, Gray was CFO and Treasurer, of Superior Essex, a $2.6B global manufacturer and distributor of communications and electrical equipment. Prior to Superior Essex, Mr. Gray served as Vice President, Finance, at Cooper Industries where he was CFO of a $800M revenue business focused on electrical, electronic and power management solutions. Gray has also held a variety of executive finance and accounting positions at Newell Brands, Philips Electronics, and Autoliv. Gray holds a BS in Accounting from Penn State University, and is a CPA and CMA.
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AIR BA | Hot Stocks16:04 EDT AAR Corp. signs agreement with flydubai to renew support for Boeing 737 fleet - AAR (AIR) announced that it signed an agreement with flydubai to renew its power-by-the-hour, or PBH, component pool and repair support for the airline's next-generation, or NG, Boeing (BA) 737 fleet. The new five-year contract builds on a partnership that started in 2016 to provide comprehensive rotable component support for flydubai's 737NG fleet.
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CMTL | Hot Stocks16:02 EDT Comtech announces new cybersecurity brand CyberStronger - Comtech Telecommunications announced that during its first quarter of fiscal year 2022, it launched a new cybersecurity brand, CyberStronger. CyberStronger provides cybersecurity solutions and services tailored to threat monitoring and assessment, training, and workforce development. Offerings include cyber threat detection and management, off-the-shelf and custom training, hands-on skills labs, and competency-based assessments mapped to cybersecurity job roles. The CyberStronger solutions will also include the CYBRScore set of products that provide hands-on assessments and training to upskill and reskill cybersecurity workforces. These solutions were created by a team of former national intelligence community members who have the practical cybersecurity experience and abilities required to meet the demanding needs of Comtech's customer base which includes large universities, government entities, and enterprise-level corporations. "We are proud to offer CyberStronger as a Comtech solution to customers worldwide," said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. "The need for cybersecurity is ever-growing and we stand ready to meet the demands of organizations globally to protect themselves from the dangers of cybercrime."
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ETTX | Hot Stocks16:02 EDT Entasis Therapeutics Holdings Inc trading halted, news pending
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BYD... | Hot Stocks15:22 EDT New Jersey reports September gaming revenue up 40.3% to $453.6M - Based upon filings with the Division of Gaming Enforcement, Total gaming revenue for September was $453.6M compared to $323.3M in September 2020, reflecting a 40.3% increase. Casino win for September was $248.5M compared to $190.6M in September 2020. Internet gaming win was $122.6M in September compared to $87.6M in the prior period, reflecting an increase of 39.9%. Sports wagering gross revenue was $82.4M for the month. For the year-to-date period, the industry's total gaming revenue was $3.44B compared to $1.94B, reflecting an increase of 77.4%. Internet gaming win increased 44.2% to $988.7M when compared to the prior period. Sports wagering gross revenue was $557.8M. Casino win for the period was $1.9B. Please note that, due to COVID-19, Atlantic City Casinos closed on March 16, 2020 and began reopening on July 2, 2020 with operating restrictions. Internet casino gaming and online sports wagering operations continued, though most sports wagering events were cancelled during that timeframe. As a result, casino win and sports wagering gross revenue for the year-to-date period ended September are not directly comparable to 2020. Publicly traded companies in the space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (PDYPY), Gan Limited (GAN), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN), William Hill (WIMHY) and Wynn Resorts (WYNN).
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TGNA DISH | Hot Stocks15:16 EDT Tegna says Dish's complaint 'utterly baseless and without merit' - TEGNA (TGNA) issued the following statement: "DISH's (DISH) complaint is utterly baseless and without merit. TEGNA welcomes a chance for the FCC to review DISH's conduct over the course of this negotiation. Perhaps a close examination of DISH's conduct will cause them to come to the table to negotiate free from their consistently unproductive tactics and public misrepresentations. The real issue at hand is the need for DISH to stop short-changing their customers by serially dropping valued stations and instead reach fair, market-based deals with programmers like TEGNA. The unfortunate reality is that DISH dropped more than 230 channels last year alone and is now repeating that pattern by refusing to reach an agreement with TEGNA, depriving its customers nationwide of some of the most valued programming on TV. Through it all, TEGNA has been steadfast in insisting that all we want is to reach a fair deal, and we have worked constructively to achieve that goal by offering DISH terms and conditions that reflect the marketplace and have served as the foundation for deals we have reached with other cable and satellite providers. TEGNA made a comprehensive proposal to DISH months ago and has updated its proposal multiple times, including a reduction in rates. DISH has refused to counter - it has not proposed rates in more than three weeks. Rather than engage in transparent PR stunts, DISH should return to the negotiating table in a serious fashion and get a deal done before their subscribers are forced to endure yet another week without their favorite shows, valued local news, as well as marquee college football and NFL matchups."
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WEAV | Hot Stocks15:07 EDT Weave Communications files for IPO, seeks to list on NYSE under symbol 'WEAV' - Weave Communications has filed with the SEC for an initial public offering of shares of its common stock. The company intends to list its common stock on the New York Stock Exchange under the symbol "WEAV." In its prospectus, Weave stated: "We are a leading all-in-one customer communications and engagement software platform for small and medium-sized businesses... Our platform is currently used by over 130,000 monthly active users across a range of industries, spanning dentistry, optometry, veterinary, physical therapy, specialty medical services, audiology, plumbing, electrical, HVAC and other home services... We specifically design our platform with industry-specific functionality that these vertical markets require. Importantly, we have demonstrated the ability to efficiently scale and enter new industry verticals. As of June 30, 2021, we had more than 21,000 locations under subscription across approximately 20,000 customers in the United States and Canada. We require each physical location of a customer to enter into a subscription to gain full access to our platform, which results in customers with multiple offices having multiple subscriptions with us. Our high growth has been a testament to our success. For the years ended December 31, 2019 and 2020, our revenue was $45.7M and $79.9M, respectively, representing year-over-year growth of 75%. For the six months ended June 30, 2020 and 2021, our revenue was $34.7M and $53.7M, respectively, representing year-over-year growth of 55%. In 2019 and 2020 and for the six months ended June 30, 2020 and 2021, our net loss was $32.1M, $40.4M, $20.6M and $23.4M, respectively, and our Adjusted EBITDA was $(28.8M), $(25.6M), $(13.6M) and $(14.5M), respectively."
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PYR | Hot Stocks15:06 EDT PyroGenesis subsidiary receives $2.5M milestone payment from Tata Steel - PyroGenesis Canada is pleased to announce that its subsidiary, Pyro Green-Gas, has received a milestone payment of approximately $2.5M under an existing $9.3M contract with Tata Steel. The balance under this contract, of approximately $3M, is expected to be fully received within the next nine months. Under this contract, Pyro Green-Gas has the mandate to supply a coke oven gas purification and hydrogen production processes that, if successful, will purify coke oven gas and extract a hydrogen of extremely high purity and value, with significant environmental benefits. In addition to the payment received, Pyro Green-Gas has signed an additional contract for $267,000 with Tata Steel. Under this Contract, Pyro Green-Gas will provide supplementary engineering improvements to the dry coke oven gas desulfurization and hydrogen production process already under contract. Pyro Green-Gas will supply filters that will further purify the remaining gas, removing condensed hydrocarbons, naphthalene and dust from the coke oven gas infrastructure. This will allow the purified gas to be used as a fuel for galvanizing and annealing furnaces in steel processing.
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AJG | Hot Stocks15:01 EDT Arthur J. Gallagher acquires Matt Jensen Insurance Brokers Limited - Arthur J. Gallagher announced the acquisition of Taupo, New Zealand-based Matt Jensen Insurance Brokers Limited, which provides a range of Fire & General and Life & Health insurance solutions to clients across the central North Island, with a focus on the forestry and transportation industries, and local small and medium-sized businesses. Terms of the transaction were not disclosed.
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AMZN | Hot Stocks14:39 EDT U.S. lawmakers warn Amazon of potential probe over search, product violations - U.S. Representatives on the Committee on the Judiciary, including Jerrold Nadler, David Cicilline, Ken Buck, Pramila Jayapal, and Matt Gaetz, sent a letter to Amazon CEO Andy Jassy that they are giving the company one more opportunity to set the record on whether it uses seller data to copy popular third party products and manipulate marketplace search results. The letter follows a report from Reuters that the ecommerce giant "ran a systematic campaign of creating knockoffs and manipulating search results to boost its own product lines in India, one of the company's largest growth markets." "We write in response to recent, credible reporting that directly contradicts the sworn testimony and representations of Amazon's top executives-including former CEO Jeffrey Bezos-to the Committee about their company's business practices during our investigation last Congress," the letter reads. "At best, this reporting confirms that Amazon's representatives misled the Committee. At worst, it demonstrates that they may have lied to Congress in possible violation of federal criminal law. In light of the serious nature of this matter, we are providing you with a final opportunity to provide exculpatory evidence to corroborate the prior testimony and statements on behalf of Amazon to the Committee. We strongly encourage you to make use of this opportunity to correct the record and provide the Committee with sworn, truthful, and accurate responses to this request as we consider whether a referral of this matter to the Department of Justice for criminal investigation is appropriate." Reference Link
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HOOD $DOGE | Hot Stocks14:28 EDT Robinhood says no announcements with regards to SHIB, other upcoming coins - The Twitter account of the Robinhood App comms team tweeted: "We have not made any announcements with regards to SHIB or any other upcoming coins." SHIB in this context refers to Shiba Inu (SHIB), a token that "aspires to be an Ethereum-based alternative" to Dogecoin ($DOGE), according to Coinbase. Reference Link
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DKNG | Hot Stocks14:02 EDT DraftKings to expand retail sports betting in New Hampshire with NH Lottery deal - The New Hampshire Lottery, DraftKings and Filotimo Casino & Restaurant are "teaming up again" to expand retail sports betting in New Hampshire, the company announced. "Manchester-based Filotimo Casino & Restaurant, which houses DraftKings Sportsbook at Filotimo, today opened a sister retail sports betting establishment in Dover under the same name located at 887 Central Avenue in Rollinsford. The Filotimo property is shared between the city of Dover and the town of Rollinsford, with the building located in Rollinsford. DraftKings Sportsbook at Filotimo in Dover marks New Hampshire's third retail sportsbook; DraftKings Sportsbook at The Brook in Seabrook opened in August 2020 and DraftKings Sportsbook at Filotimo in Manchester opened in September 2020," DraftKings stated.
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AAPL | Hot Stocks13:52 EDT Apple announces new MacBook Pro on sale today, available next week - Apple has unveiled the "completely reimagined" MacBook Pro powered by the all-new M1 Pro and M1 Max, which it calls "the first pro chips designed for the Mac. "Available in 14- and 16-inch models, MacBook Pro delivers groundbreaking processing, graphics, and machine learning performance whether running on battery or plugged in, as well as amazing battery life - enabling workflows previously unimaginable on a notebook. The new MacBook Pro also features a stunning Liquid Retina XDR display, a wide range of ports for advanced connectivity, a 1080p FaceTime HD camera, and the best audio system in a notebook. Combined with macOS Monterey, which is engineered down to its core to take full advantage of M1 Pro and M1 Max, the user experience is simply unrivaled," Apple stated. The new MacBook Pro models with M1 Pro and M1 Max are available to order today and will begin arriving to customers and will be in select Apple Store locations and Apple Authorized Resellers starting Tuesday, October 26. The new 14-inch MacBook Pro model starts at $1,999 in the U.S., and $1,849 in the U.S. for education; the 16-inch MacBook Pro model starts at $2,499 in the U.S., and $2,299 in the U.S. for education. macOS Monterey will be available as a free software update on Monday, October 25, Apple stated.
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AAPL | Hot Stocks13:50 EDT Apple introduces M1 Pro, M1 Max chips - Apple announced M1 Pro and M1 Max chips. Apple said in a statement: Scaling up M1's transformational architecture, M1 Pro offers amazing performance with industry-leading power efficiency, while M1 Max takes these capabilities to new heights. The CPU in M1 Pro and M1 Max delivers up to 70 percent faster CPU performance than M1, so tasks like compiling projects in Xcode are faster than ever. The GPU in M1 Pro is up to 2x faster than M1, while M1 Max is up to an astonishing 4x faster than M1, allowing pro users to fly through the most demanding graphics workflows." M1 Pro and M1 Max introduce a system-on-a-chip architecture to pro systems for the first time, Apple added.
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AAPL | Hot Stocks13:49 EDT Apple says new Macbook Pro 14-inch starts at $1,999, 16-inch starts at $2,499 - Says new Macbook Pro has fast charge system and up to 21 hours of battery life for video. Says new Macbook Pro 14 inch model will be $1,999, and 16-inch will go for $2,499. Says customers can order today, with the Pros available next week.
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AAPL | Hot Stocks13:42 EDT Apple says new Macbook Pro includes 1080p video chat camera - Says macOS takes "full advantage" of added display space on new Macbook Pro. Says displays are now larger on Macbook Pros. Says new Macbook Pro includes 1080p video chat camera, miniLED screen, and computational video. Says new Macbook Pro also has higher noise floor, a six-speaker sound system, and spatial audio.
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AAPL | Hot Stocks13:35 EDT Apple unveils redesigned MacbookPro - Says Macbook Pro comes in two size: 16 inch model and compact 14 inch model. Says new Macbook Pro comes with magsafe charging and a notch in display similar to iPhones. Says new Pro removes touch bar touschreen strip. Says adding more ports to Macbook Pro, including an HDMI port, SD card slot, and two more thunderbolt ports. Says M1 Pro allows Macbook Pro to connect to multiple SDRs.
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AAPL | Hot Stocks13:31 EDT Apple says new M1 chips give macOS apps 'huge boost' - Says machine learning models perform 3X faster on new Macbook Pro. Says M1 Pro and M1 Max are "a major leap forward" with hardware-verified secure boot and runtime-anti-exploitation. Says applications on mac get "huge boost" from M1 Pro and M1 Max chips.
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AAPL | Hot Stocks13:23 EDT Apple also unveils M1 Max chip - Says M1 Max delivers 400GB/s bandwidth. Says M1 Max has 10 core CPU and 32 core CPU. Says new chip has two times faster video encoding. Says M1 Max has 4x faster GPU performance than standard M1.
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AAPL | Hot Stocks13:20 EDT Apple unveils new M1 Pro Chip for new MacBook Pro - Says M1 Pro has a two-chip architecture that requires much more power. Says chip support 32GB of total memory and 200gbps of memory bandwidth, three times as much as the M1 chip. Says M1 Pro is 70% faster and has 10 CPU cores.
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AAPL | Hot Stocks13:19 EDT Apple announces next generation of AirPods - Apple announced the third generation of AirPods. Apple said in a statement: "By combining the power of the H1 chip with an Apple-designed acoustic system, the new AirPods use computational audio to deliver breakthrough sound with Adaptive EQ. Users can enjoy spatial audio featuring Dolby Atmos in Apple Music(R), movies, and tv shows, along with dynamic head tracking, across Apple devices. The new AirPods are resistant to sweat and water, and feature a force sensor for easy and intuitive control of music and phone calls. The extended battery life enables up to six hours of listening time and up to 30 hours of total listening time with the convenient charging case."
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AAPL | Hot Stocks13:18 EDT Apple unveils revamped MacBook Pro with Apple Silicon chip
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AAPL | Hot Stocks13:18 EDT Apple introduces Apple Music Voice Plan - Apple announced the Apple Music(R) Voice Plan, a new subscription tier for Apple Music designed around Siri. The Apple Music Voice Plan offers subscribers access to the service's catalog of 90 million songs, as well as Apple Music Radio, all through Siri for $4.99 per month. "Apple Music and Siri are natural partners and already work seamlessly together," said Oliver Schusser, Apple's vice president of Apple Music and Beats. "With Siri actively used on hundreds of millions of devices worldwide, we are thrilled to add this new plan that delivers an effortless music experience just by using your voice and makes Apple Music accessible to even more people around the world." The Apple Music Voice Plan will be available later this fall in 17 countries and regions, including Australia, Austria, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Mexico, New Zealand, Spain, Taiwan, the United Kingdom, and the United States.
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AAPL | Hot Stocks13:16 EDT Apple introduces HomePod mini in new colors - Apple introduced HomePod mini in three new colors - yellow, orange, and blue. Apple said: "At just 3.3 inches tall, HomePod mini offers a great music-listening experience, the intelligence of Siri, and smart home capabilities, with privacy and security built in. Its seamless integration across Apple's products and services make HomePod mini the ultimate smart speaker for anyone with an Apple device. HomePod mini will be available in these new colors, along with white and space gray, with color-matched details throughout, including the tinted touch surface, mesh fabric, volume icons, and woven power cable, starting in November for just $99."
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AAPL | Hot Stocks13:15 EDT Apple unveils third generation of AirPods - Says new AirPods come with better voice recognition capabilities. Says next-gen AirPods are shake and water resistant. Says comes with new contour design, spatial audio, and adaptive EQ. Says AirPods come with 30 hours of battery time. Says third-gen AirPods start at $179, available next week.
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AAPL | Hot Stocks13:15 EDT Apple unveils third generation of AirPods - Says new AirPods come with better voice recognition capabilities. Says next-gen AirPods are shake and water resistant. Says comes with new contour design, spatial audio, and adaptive EQ. Says AirPods come with 30 hours of battery time. Says third-gen AirPods start at $179, available next week.
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AAPL | Hot Stocks13:09 EDT Apple unveils HomePod Mini speaker in orange, yellow, blue colors - Says HomePod Mini comes in orange, yellow, and blue colors, joining white and space gray. Says new HomePod Mini goes on sale in November.
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AAPL SPOT | Hot Stocks13:09 EDT Spotify off highs after Apple announces $4.99 music subscription service
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AAPL | Hot Stocks13:07 EDT Apple unveils Voice Plan subscription for Apple Music - Says deeper Siri integration coming to Apple Music. Says introducing Voice Plan, a new subscription for Apple Music that allows users to use voice commands to play music. Voice Plan will cost $4.99 a month. Comments taken from Apple Keynote Event.
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IBM | Hot Stocks13:01 EDT IBM down 1% as Jim Chanos discusses short position on CNBC
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IBM | Hot Stocks13:00 EDT Chanos says actual IBM earnings half of what company posts on adjusted - Jim Chanos of Kynikos Associates is speaking on CNBC.
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IBM | Hot Stocks13:00 EDT Chanos says IBM adjusted earnings per share $5 higher than actual earnings - Jim Chanos of Kynikos Associates is speaking on CNBC.
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IBM | Hot Stocks12:59 EDT Chanos says IBM earnings have $5 spread due to 'financial engineering' - Jim Chanos of Kynikos Associates is speaking on CNBC.
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TSLA IBM | Hot Stocks12:58 EDT Chanos says IBM short position much larger than Tesla - Jim Chanos of Kynikos Associates is speaking on CNBC.
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TSLA | Hot Stocks12:58 EDT Chanos says still short Tesla, valuation is 'silly' - Jim Chanos of Kynikos Associates is speaking on CNBC.
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AAPL | Hot Stocks12:44 EDT Icahn says made 'close to $2B' investing in Apple - Carl Icahn made the comments about his investment returns in Apple while being interviewed on CNBC.
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SWX... | Hot Stocks12:41 EDT Southwest Gas has 'terrible' management, Icahn says - Carl Icahn, who previously announced plans to initiate a tender offer through one or more affiliated entities for any and all of the outstanding shares of the common stock of Southwest Gas at $75.00 per share in cash, is speaking about Southwest Gas in an interview on CNBC.
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SWX... | Hot Stocks12:37 EDT Icahn says Southwest Gas 'overpaying' for Questar pipeline to enrich CEO - On October 14, Carl Icahn's Icahn Enterprises L.P. (IEP) previously announced that it intended to initiate a tender offer through one or more affiliated entities for any and all of the outstanding shares of the common stock of Southwest Gas (SWX) at $75.00 per share in cash. Icahn is currently speaking about Southwest Gas in an interview on CNBC.
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EA... | Hot Stocks12:37 EDT EA's 'Madden NFL 22' was best-selling U.S. game in September, says NPD - NPD analyst Mat Piscatella said that Electronic Arts' (EA) "Madden NFL 22" repeated as the best-selling game of the month. It now ranks as the #2 best-selling game of 2021 year-to-date, and is the 4th best-selling title of the 12 month period ending September 2021. Madden NFL 22 led on both PlayStation (SONY) and Xbox (MSFT). Bandai Namco's "Tales of Arise" set a new launch month dollar sales record for any "Tales Of" franchise release. "Tales of Arise" ranked as the 4th best-selling game of September 2021. Square Enix's (SQNXF) "Life is Strange: True Colors" launched as September's #10 best-selling game. "Life is Strange: True Colors" generated the highest launch month dollar sales for any "Life is Strange" title to date. Nintendo's (NTDOY) "WarioWare: Get It Together" debuted as the 15th overall best-selling game of Sept, while also ranking 2nd on Switch. "WarioWare: Get It Together" achieved the highest launch month sales for a "WarioWare" franchise release since "WarioWare Smooth Moves" in January 2007. Reference Link
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SONY... | Hot Stocks12:35 EDT Video game spending grew 3% year-over-year in September, says NPD - NPD analyst Mat Piscatella said that September 2021 consumer spending across video game hardware, content and accessories grew 3% when compared to a year ago, reaching an September record $4.4B. Year-to-date spending reached $42.3B, a 12% increase versus a year ago. Hardware was once again a primary driver of spending gains in September, increasing 49% compared to a year ago. Mobile and Subscription offset declines across other segments to keep content spending flat versus a year ago. September video game hardware dollar sales increased 49% when compared to September 2020, to $412M. Year-to-date hardware spending has also gained 49% when compared to the same period a year ago, totaling $3.4B. PlayStation 5 (SONY) was the best-selling hardware platform of September in both units and dollars. PlayStation 5 is the best-selling hardware platform of 2021 year-to-date in dollars, while Nintendo Switch leads in units. September 2021 snaps the remarkable 33 consecutive month streak that Nintendo Switch (NTDOY) was the market's leading platform in hardware unit sales. November 2018 was the last month a platform other than Nintendo Switch led the market in unit sales, Piscatella said. Microsoft (MSFT) is also a publicly traded company in the gaming console space.
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CALX | Hot Stocks12:32 EDT Calix announces 'end-to-end solution strategy' for broadband service providers - Calix announced that today at ConneXions 2021 in Las Vegas it "unveiled an end-to-end solution strategy to enable broadband service providers to get the most out of all of their investments in Calix platforms." The company stated: "The new Calix solution leverages the automation, behavioral analytics, and predictive intelligence of the Calix Cloud to ensure that marketing, customer support and network operations teams gain a unified, holistic view of the subscriber experience-spanning a BSPs entire subscriber facing network from the access edge to the subscriber premises. The new end-to-end solutions strategy creates tremendous new value from a BSPs investments in the Intelligent Access EDGE and Revenue EDGE solutions, enabling BSPs to transform across three core areas of their business." Michael Weening, president and chief operating officer for Calix, added: "We have invested 11 years and a billion dollars to build the world's most advanced platforms for broadband service providers of all sizes to win. Today, these platforms came together with the power of Calix Cloud to ensure that BSPs leverage all of their Calix assets to build a value proposition for the subscriber that no consumer-direct competitor can ever threaten."
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TDCX | Hot Stocks12:00 EDT TDCX falls -7.8% - TDCX is down -7.8%, or -$1.94 to $23.01.
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NC | Hot Stocks12:00 EDT Nacco Industries falls -7.9% - Nacco Industries is down -7.9%, or -$3.04 to $35.41.
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BHIL | Hot Stocks12:00 EDT Benson Hill falls -9.4% - Benson Hill is down -9.4%, or -64c to $6.20.
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M | Hot Stocks12:00 EDT Macy's rises 12.1% - Macy's is up 12.1%, or $2.92 to $26.95.
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DV | Hot Stocks12:00 EDT DoubleVerify rises 12.2% - DoubleVerify is up 12.2%, or $3.87 to $35.62.
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BTU | Hot Stocks12:00 EDT Peabody Energy rises 18.9% - Peabody Energy is up 18.9%, or $3.01 to $18.97.
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AMZN | Hot Stocks11:50 EDT Amazon hiring for 150,000 seasonal jobs across the U.S. - Amazon announced 150,000 seasonal jobs are now available across the U.S. All Amazon jobs in the U.S., including seasonal roles, have an average starting pay of $18 per hour, sign-on bonuses up to $3,000 and an additional $3 per hour depending on shifts in many locations.
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LEV | Hot Stocks11:26 EDT Lion Electric, Demers Ambulances launch all-electric, all-purpose ambulance - Demers Ambulances, a North American manufacturer of ambulance vehicles, and The Lion Electric Company, a manufacturer of all-electric medium and heavy-duty urban vehicles, unveiled the Demers eFX Ambulance, the first all-electric and purpose-built ambulance. This new model of ambulances, scheduled to be commercialized in the second half of 2022, was developed with the support of the government of Quebec and the National Research Council of Canada Industrial Research Assistance Program, the companies said in a statement.
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ASB | Hot Stocks11:05 EDT Associated Banc-Corp raises minimum wage to $17 per hour - Associated Banc-Corp announced plans to raise its minimum hourly wage from $15 to $17 per hour effective November 21, 2021. This investment in the company's workforce will positively impact approximately 35% of its employees. The new minimum wage applies to mostly entry-level positions. The company is also adjusting wages for higher level roles in job families impacted by this change and will work to ensure competitive wages and merit pools in 2022 as part of its talent and growth strategy.
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KEYS | Hot Stocks11:04 EDT Keysight acquires SCALABLE Network Technologies, terms not disclosed - Keysight Technologies announced it has acquired SCALABLE Network Technologies. The company said, " Based in Culver City, CA, SCALABLE Network Technologies, a privately held company, provides best-in-class network simulation solutions to model and visualize communications networks and cyber threats. SCALABLE's unique offerings provide accurate, at scale digital models of heterogeneous communications networks to include 5G, enterprise, IoT and satellite networks to ascertain problems, risks, vulnerabilities and gaps. SCALABLE's simulation and modeling tools offer solutions to many everyday challenges faced by commercial enterprises, government and defense agencies, research organizations and educational institutions worldwide. The company's software enables customers to analyze and predict the cyber resilience and network performance of communication technologies prior to deployment. The acquisition of SCALABLE Network Technologies supports Keysight's goal to deliver first-to-market, software-centric solutions that address our customers' communication challenges. Together, Keysight and SCALABLE will enable customers to model, prototype and assess multi-domain networks and applications through software simulation, reducing risks during development and improving time to market. The addition of SCALABLE Network Technologies' industry-leading software solutions will further strengthen Keysight's portfolio for communications, aerospace defense and government, automotive and enterprise customers." This transaction has no material impact on Keysight's guidance for the current quarter and full fiscal year 2021. Terms of the transactions have not been disclosed.
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DISH TGNA | Hot Stocks11:03 EDT Dish announces filing 'bad faith complaint' with FCC against Tegna - Dish Network (DISH) announced that it has filed a complaint with the Federal Communications Commission against Tegna (TGNA) after it removed its local stations from millions of DISH TV subscribers in 53 markets across the country. "Tegna turned its back on its public interest obligation and failed to engage in good faith retransmission consent negotiations with DISH. Tegna's demands were both unreasonable and inconsistent. This behavior negatively impacts DISH subscribers, and we expect Tegna's bad behavior to only get worse as the programmer looks to sell its stations to the highest bidder. As a result, we have filed a formal complaint with the FCC to address Tegna's blatant disregard of the Commission's rules," said Andy LeCuyer, DISH SVP of Programming.
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ELMS SAP | Hot Stocks10:49 EDT Electric Last Mile Solutions, SAP partnering for ERP solution - Electric Last Mile Solutions (ELMS) is partnering with with SAP (SAP) S/4HANA, an ERP solution that will help run, manage and scale the business, the company said in a statement. "To facilitate the EV company's SAP S/4HANA implementation, ELMS selected the business-transformation-as-a-service offering, RISE with SAP. ELMS also turned to SAP Gold Partner, Dickinson + Associates, a Navisite company, for the proverbial last mile with SAP S/4HANA to help ensure all deliverables and milestones come together proficiently and rapidly, on target from both budgetary and deliverables standpoints." "Our selection of SAP S/4HANA for our digital core took into account many considerations beyond preference for a tier-one solution in the automotive industry," commented ELMS Deputy CFO and Treasurer Rob Song.
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CC... | Hot Stocks10:45 EDT EPA announces roadmap to confront PFAS chemical contamination - The Environmental Protection Agency Administrator Michael Regan announced the agency's roadmap to confront per- and polyfluoroalkyl substances contamination. EPA's roadmap "is centered on three guiding strategies: Increase investments in research, leverage authorities to take action now to restrict PFAS chemicals from being released into the environment, and accelerate the cleanup of PFAS contamination," the agency said in a statement. The EPA also announced a new national testing strategy that requires PFAS manufacturers to provide the agency with toxicity data and information on categories of PFAS chemicals. Companies including 3M (MMM), Chemours (CC) and DuPont (DD) have faced lawsuits over the effects of PFAS chemicals. Reference Link
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ABBV | Hot Stocks10:45 EDT FDA Approves Cyltezo, 'first interchangeable biosimilar' to AbbVie's Humira - The U.S. Food and Drug Administration announced that it has approved what it calls "the first interchangeable biosimilar product to treat certain inflammatory diseases." Cyltezo, originally approved in August 2017, is both biosimilar to, and interchangeable with, its reference product Humira for Cyltezo's approved uses, the FDA said. "Cyltezo is the second interchangeable biosimilar product approved by the agency and the first interchangeable monoclonal antibody. Once on the market, approved biosimilar and interchangeable biosimilar products can play a role in facilitating access to treatments for many serious health conditions," the FDA stated. "Like Humira, the labeling for Cyltezo contains a boxed warning to alert health care professionals and patients about an increased risk of serious infections that may lead to hospitalization or death. The boxed warning also notes that lymphoma and other malignancies, some fatal, have been reported in children and adolescent patients treated with tumor necrosis factor blockers, including adalimumab products. The drug must be dispensed with a patient Medication Guide that describes important information about its uses and risks," the FDA said. The FDA granted approval of Cyltezo to Boehringer Ingelheim on October 15, the agency noted in its press release on the approval.
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PFE BNTX | Hot Stocks10:38 EDT EMA starts evaluating Pfizer/BioNTech COVID vaccine use in kids aged 5 to 11 - The EMA announced that it has started evaluating an application to extend the use of BioNTech (BNTX) and Pfizer's (PFE) COVID-19 vaccine, Comirnaty, to children aged 5 to 11. The EMA said its human medicines committee, or CHMP, will review the data on the vaccine, including results from an ongoing clinical study involving children aged 5 to 11, in order to decide whether to recommend extending its use. The CHMP's opinion will then be forwarded to the European Commission, which will issue a final decision. "EMA will communicate on the outcome of its evaluation, which is expected in a couple of months unless supplementary information is needed," the group stated. Reference Link
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PFE BNTX | Hot Stocks10:35 EDT EMA approves new manufacturing sites, new formulation for Pfizer/BioNTech shot - The EMA announced that its human medicines committee, or CHMP, has approved two additional manufacturing sites for the production of Comirnaty, the COVID-19 vaccine developed by BioNTech (BNTX) and Pfizer (PFE). "These sites will produce up to 85 million additional doses to supply the EU in 2021. These recommendations do not require a European Commission decision and the sites can become operational immediately," the EMA stated. In addition, the CHMP has approved a ready-to-use formulation of Comirnaty. "This formulation does not require dilution prior to administration, will be available in a 10-vial, 60 dose pack size and can be stored at 2-8 degrees C for up to 10 weeks," the EMA stated. Reference Link
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STT | Hot Stocks10:24 EDT State Street sees FY21 tax rate toward lower end of 17%-19% range
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STT | Hot Stocks10:23 EDT State Street sees Q4 NII $475M-$490M
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STT | Hot Stocks10:22 EDT State Street sees FY21 overall fee revenue up 5% y/y - Sees servicing fees up 7.5%-8.5% y/y.
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STT | Hot Stocks10:09 EDT State Street expects to reinstate buybacks in 2Q22
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STT | Hot Stocks10:05 EDT State Street: Acquisition of Brown Brothers Harriman unit financially compelling - Comments taken from Q3 earnings conference call.
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IBKR... | Hot Stocks10:01 EDT Interactive Brokers introduces cryptocurrency trading for financial advisors - Interactive Brokers Group announces its launch of cryptocurrency trading for Registered Investment Advisors in the U.S., enabling these RIAs to trade and custody Bitcoin, Ethereum, Litecoin and Bitcoin Cash via Paxos Trust Company on behalf of clients. "Allocating a small percentage of assets to cryptocurrency as part of a well-diversified portfolio has steadily become more commonplace, and advisors may wish to recommend cryptocurrency to their clients," said Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers. "Adding cryptocurrency trading underscores our ongoing dedication to providing advisors with the investment products and tools they need to successfully manage client portfolios and grow their businesses."
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ACBI | Hot Stocks10:00 EDT Atlantic Capital, Self expand partnership to improve financial inclusion - Atlantic Capital Bancshares and Self Financial announced an expanded partnership. Atlantic Capital will combine its size, scale and expertise with Self's credit builder products to expand Self's Visa secured credit card offering, access to credit for U.S. consumers, particularly underserved consumers who have not historically had easy credit access. The card launch is an expansion of the partnership between Self and Atlantic Capital beginning in February 2019 with Self's credit builder loan product.
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MDT | Hot Stocks10:00 EDT Medtronic falls -5.9% - Medtronic is down -5.9%, or -$7.48 to $120.27.
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IVC | Hot Stocks10:00 EDT Invacare falls -6.0% - Invacare is down -6.0%, or -28c to $4.31.
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X | Hot Stocks10:00 EDT U.S. Steel falls -6.9% - U.S. Steel is down -6.9%, or -$1.52 to $20.59.
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BTU | Hot Stocks10:00 EDT Peabody Energy rises 8.9% - Peabody Energy is up 8.9%, or $1.42 to $17.38.
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VEDL | Hot Stocks10:00 EDT Vedanta rises 10.2% - Vedanta is up 10.2%, or $1.83 to $19.73.
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PHX | Hot Stocks10:00 EDT PHX Minerals rises 10.2% - PHX Minerals is up 10.2%, or 34c to $3.68.
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SPCE | Hot Stocks09:47 EDT Virgin Galactic falls -4.8% - Virgin Galactic is down -4.8%, or -96c to $19.05.
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MDT | Hot Stocks09:47 EDT Medtronic falls -5.0% - Medtronic is down -5.0%, or -$6.41 to $121.34.
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X | Hot Stocks09:47 EDT U.S. Steel falls -6.2% - U.S. Steel is down -6.2%, or -$1.37 to $20.74.
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SHPW | Hot Stocks09:47 EDT Shapeways rises 8.0% - Shapeways is up 8.0%, or 59c to $8.00.
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AGRO | Hot Stocks09:47 EDT Adecoagro rises 8.6% - Adecoagro is up 8.6%, or 77c to $9.70.
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VEDL | Hot Stocks09:47 EDT Vedanta rises 8.9% - Vedanta is up 8.9%, or $1.60 to $19.50.
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ATH APO | Hot Stocks09:32 EDT Newfi announces majority sale to Athene from Warburg Pincus - Newfi announced the execution of a definitive agreement to sell a majority shareholder interest to Athene (ATH) from Warburg Pincus. The investment in Newfi will be managed by Apollo (APO). The transaction marks the next chapter in Newfi's evolution, allowing the company to expand its footprint and compound its expertise in the non-agency mortgage space. This transaction comes at a time of significant momentum for Newfi, which continues to experience record earnings growth and volume in 2021. Founder and CEO Steve Abreu will continue to lead Newfi and will retain his equity position. Co-founder Michelle Constantine will also remain as the Company's Chief Risk Officer. The transaction is expected to close in the first quarter of 2022 subject to satisfaction of customary closing conditions including state mortgage and other regulatory approvals.
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KAR | Hot Stocks09:20 EDT KAR Global, Black Book announce expanded relationship - KAR Global and Black Book announced an expanded relationship aimed at helping franchise and independent car dealers, OEMs, and third-party providers deliver a faster, easier and more digital experience to their retail consumers. By integrating Black Book's industry-leading VIN decoding and pricing algorithms with KAR's digital capabilities, industry-related companies of any size will be able to deliver instant, VIN specific guaranteed trade-in values to consumers via their own website or mobile app. The relationship will also leverage KAR's rapidly growing digital dealer-to-dealer marketplace, BacklotCars, to help dealers wholesale any unwanted trade-in inventory that results from those retail sales.
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GNUS | Hot Stocks09:17 EDT Genius Brands reports over 70M views for 'Stan Lee's Superhero Kindergarten' - Genius Brands International celebrates a new milestone of over 70 million views to date, for Kartoon Channel!'s flagship series, Stan Lee's Superhero Kindergarten, starring and executive produced by Arnold Schwarzenegger, as the comedy-adventure ends its first season with the final episode debuting on October 22, 2021. The company said, "Since premiering on April 23 on Kartoon Channel!, viewership for Stan Lee's Superhero Kindergarten has surpassed all expectations and is the most watched show on Kartoon Channel!"
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DKNG | Hot Stocks09:16 EDT DraftKings, Polygon enter strategic blockchain agreement - Polygon announced a blockchain collaboration with DraftKings Marketplace, a digital collectibles ecosystem built by DraftKings for mainstream accessibility to support custom NFT drops along with secondary-market transactions. This deal provides DraftKings Marketplace with a scalable, eco-friendly blockchain solution that enables added throughput and expanded capabilities. Also notably, DraftKings now has the option to potentially contribute to Polygon's governance and help secure the network as a validator node with its own stake pool. With the option of becoming a validator, DraftKings would be able to participate in the proof-of-stake consensus protocol for the Polygon blockchain main network to produce blocks, join Polygon's governance and contribute to network security as a leader in Polygon's future. Since launching in early August, DraftKings Marketplace has already hosted Autograph's Preseason Access Collection NFT drops of iconic athletes featuring Tom Brady, Wayne Gretzky, Naomi Osaka, Simone Biles and Derek Jeter, all of which sold out almost immediately. DraftKings Marketplace is available to millions of registered DraftKings customers across the U.S. and Canada, and these collectors will eventually have the ability to transfer purchased NFTs to their own wallets on Ethereum Mainnet.
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AIHS | Hot Stocks09:14 EDT Senmiao Technology reports September operating orders metrics up 6% sequentially - Senmiao Technology reported operating metrics for its proprietary online ride-hailing platform for September. In September, Senmiao reported over 1.0 million total completed orders, a 6.0% increase compared to just under 1.0 million in August. Numbers reported in August and September include the number of completed orders from Meituan's ride-hailing platform utilizing Senmiao's network of cars and drivers for a set monthly fee. The number of drivers completing rides via the platform in September was over 7,500, an increase of approximately 24% from August.
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VISL | Hot Stocks09:13 EDT Vislink, Mobile Viewpoint launch Vislink Connet, service for live broadcast - Vislink announced the launch of Vislink Connect, a bonded cellular service designed to enable robust, reliable and economical transmissions for live video production. The service is available to U.S customers for pre-ordering immediately and is expected to begin rolling out over the next month. "Among the key features of the service are the following: first to provide all-IP based workflows for REMI production; reliable, premium-quality video capabilities; robust, field-proven hardware in a single-box solution; value-focused packaged data plan options to fit different budgets; no up-front hardware charges; real-time usage monitoring using a purpose-built management portal; and 24/7 dedicated worldwide support," the company said. Today's announcement represents the first jointly-developed product offering brought to market by Mobile Viewpoint and Vislink. "We are excited to introduce a class-leading bonded cellular service that addresses the real needs of live news and sports production professionals," said Mickey Miller, CEO of Vislink. "There is a requirement in this market for robust REMI production solutions that are both reliable and cost-effective. Our solution is first and foremost quality-based, while also providing attractive financing and data plan options that fit different budget requirements, from day-to-day ENG productions to occasional use. With the launch of this bonded cellular offering, we are now able to offer an unmatched array of hybrid network options, both private and public, including COFDM, fiber, satellite and public IP. This gives live producers unparalleled flexibility to effectively deliver their content while optimizing their workflows."
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TD | Hot Stocks09:12 EDT TD Bank launches bank's first robo-advisor - TD Bank announced it has launched the Bank's first robo-advisor, TD Automated Investing, and hybrid advisor, TD Automated Investing Plus, helping TD to further meet the growing demands for individualized financial advice and investment solutions across all client segments. Both offerings provide clients access to TD Strategic Portfolios - seven globally diversified portfolios of exchange traded funds and mutual funds designed by TD Wealth's investment professionals to help meet differing risk profiles and financial goals - as well as automated monitoring and rebalancing.
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JACK | Hot Stocks09:12 EDT Jack in the Box testing plant-based beef patty in Phoenxix - Jack in the Box has partnered with Impossible Foods to test its plant-based beef patty from October 18, 2021 through December 12, 2021 at participating Phoenix locations. Each restaurant will give guests the option to substitute an Impossible Burger patty for a $1 or $1.50 extra per patty for any Jack in the Box burger on the core menu. The Impossible Burger patty is made with soy protein, coconut oil, sunflower oil, potato protein and heme.
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ISRG | Hot Stocks09:11 EDT Intuitive Surgical reports data from PRECIsE study of Ion endoluminal system - Intuitive announced the release of preliminary data from 69 subjects participating in the Prospective, Multi-Center Evaluation of the Clinical Utility - a post-market, multi-center clinical trial of its Ion endoluminal system. Use of the Ion system for pulmonary nodule biopsy resulted in an 83% diagnostic yield, which represents the likelihood that tissue samples obtained during the procedure will provide physicians with information needed to establish a diagnosis. PRECIsE is the first multi-center study of the Ion system's shape-sensing, robotic-assisted technology. Among the initial results of the ongoing study reported Sunday at the American College of Chest Physicians conference, the Ion system showed: Encouraging diagnostic yield for both smaller and larger nodules: Ion-enabled biopsies helped investigators obtain a diagnosis in 82% of cases with nodules between 1-2 centimeters, 85% with nodules between 2-3 cm. The similarity between yield rates for both smaller and larger nodules biopsied with Ion is a favorable result for clinicians seeking to sample smaller nodules. A strong safety profile: the Ion system had no serious adverse events reported in this subset of patients in the study, and no pneumothorax events requiring a chest tube. Sensitivity for malignancy from samples obtained from nodule biopsy was 84%-88%. Sensitivity is an indicator of the number of malignant conditions found from the tissue samples obtained. These preliminary results of 69 subjects with up to 14-month follow up for applicable subjects are a subset of the study's total of 365 patients, who were enrolled across six medical centers beginning in March 2019. The Ion system was used by investigators to sample nodules 10-30mm in diameter with Ion's flexible articulating catheter that, combined with PlanPoint mapping software, enables the users to access the peripheral portions of the lungs, where many nodules are typically found. During a procedure using the Ion system, a physician will insert the Ion fully articulating catheter into the patient's lung via the mouth and throat through an endotracheal tube, which may have fewer complications than biopsy approaches that use a needle inserted from outside the body. The Ion system's ability to navigate to small nodules and enable biopsies may help physicians get answers for patients, potentially enabling more time to consider medical management options. There are currently more than 70 Ion systems installed in U.S. hospitals as of the second quarter of 2021, and Intuitive continues to explore its applications in other countries.
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CRL | Hot Stocks09:11 EDT Charles River, ATEM in pact to provide clients with cryo-EM capabilities - Charles River Laboratories International and ATEM Structural Discovery announced the formation of a strategic partnership to provide clients access to ATEM's cryo-electron microscopy cryo-EM service solutions. Cryo-EM is a technique that determines the 3D structures of proteins and is utilized to identify how proteins function, how they malfunction in disease and the most effective way to target them with therapies. ATEM's leading platform integrates highly optimized biochemistry, hardware, and software to provide in-depth structural insights about challenging targets at a commercial scale. ATEM's technology directly images vitrified biological macromolecules in single-particle experiments at high resolution. Subsequently, reconstructed coulomb potential maps then allow the precise modeling of 3D atomic coordinates that elucidate the target structure. T By combining ATEM's cryo-EM expertise with Charles River's end-to-end capabilities, the alliance has the potential to significantly accelerate drug discovery efforts from hit design through to lead optimization. With early insights into how lead candidates interact with their intended disease target, clients can interpret actual structural changes, allowing more informed prioritization and optimization of lead candidates. Through the collaboration, Charles River clients will have access to ATEM's platform to support their drug discovery efforts. When utilizing ATEM's cryo-EM platform, clients will be provided with enhanced insights into challenging targets by viewing the 3D structure of full biochemical assemblies, ligand-bound complexes and biologic drugs. This partnership allows Charles River to enhance drug discovery projects by enabling structure-based design for a greater portfolio of targets.
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SNAX DZSI | Hot Stocks09:11 EDT Stryve Foods appoints Christenson, Vogt to board of directors - Stryve Foods (SNAX) announced the appointment of Greg Christenson and Charlie Vogt to Stryve's Board of Directors, effective immediately. Christenson will serve as a member of the Audit Committee and Compensation Committee and Vogt will serve as a member of the Compensation Committee. The appointments of Christenson and Vogt will expand the Board to nine directors, six of whom are independent. Greg Christenson is the Chief Financial Officer of Champion Petfoods, a role he's held since July 2019. Charlie Vogt is the President and Chief Executive Officer at DZS (DZSI), a role he's held since August 2020.
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MKTX | Hot Stocks09:09 EDT MarketAxess appoints Sweeney as Head of Index and ETF Solutions - MarketAxess announced the appointment of Kathryn Sweeney as the Head of Index and ETF Solutions. As Head of Index and ETF Solutions, Sweeney will be responsible for the development and execution of the MarketAxess index and ETF business strategy. She will lead business and product development efforts by working with industry partners to leverage MarketAxess' proprietary market data and trading insights to create a suite of indices and portfolio construction solutions. Sweeney joins MarketAxess from State Street Global Advisors, where she was a Senior Managing Director and Head of the Institutional Client Group for North America. Sweeney will begin with MarketAxess on October 18, 2021 and will report to Chris Concannon.
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AMIH | Hot Stocks09:09 EDT American International Holdings' EPIQ MD launches EPIQ Paws service - American International Holdings announced that its subsidiary EPIQ MD has launched Epiq Paws as an add-on service to its primary care telehealth customers, bringing virtual consultations with licensed veterinarians to the millions of pet owners around the United States. The Epiq Paws program offers first, second and third opinions on possible medication needs, behavioral issues and injuries or sickness that your pet may be experiencing. Because Epiq Paws is not a replacement for emergencies and annual checkups, its veterinarians may recommend visiting a traditional practitioner to further ensure the pets safety.
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MAR | Hot Stocks09:08 EDT Marriott says CHRO David Rodriguez to step down, Ty Breland to succeed - Marriott announced that Executive Vice President and Global Chief Human Resources Officer David Rodriguez, Ph.D. will step down from his role at the end of October and retire at the end of 2021 after a distinguished 23-year career with the company. The company also announced that long-time Marriott Human Resources executive, Ty Breland, Ph.D., has been named to succeed Rodriguez. Rodriguez began his career at Marriott in 1998 as a Senior Vice President, Human Resources, where he played a key role in creating the talent and organizational capabilities to fuel Marriott's international expansion.
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RNA | Hot Stocks09:08 EDT Avidity Biosciences lead program AOC 1001 granted Fast Track Designation by FDA - Avidity Biosciences announced that the FDA has granted Fast Track Designation to its lead program, AOC 1001, for the treatment of myotonic dystrophy type 1. AOC 1001, Avidity's lead program utilizing its AOC platform, is designed to address the root cause of DM1 by reducing levels of a disease-related mRNA called DMPK. In preclinical studies, AOC 1001 successfully delivered siRNAs to muscle cells, resulting in durable, dose-dependent reductions of DMPK RNA across a broad range of muscles including skeletal, cardiac, and smooth muscles. In preclinical studies, AOC 1001 had a favorable safety profile that supports advancement into the clinic. The FDA has cleared Avidity to proceed with the Phase 1/2 MARINA study of AOC 1001 in adults with DM1. FDA and EMA have granted Orphan Designation for AOC 1001 and the FDA has granted AOC 1001 Fast Track Designation. In the second half of 2022, Avidity plans to conduct a preliminary assessment of safety, tolerability and key biomarkers in approximately half of the study participants.
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WYY | Hot Stocks09:07 EDT WidePoint awarded new contract to issue PIV-I credentials - WidePoint announced a new contract to deliver identity and access management credentials to a District of Columbia government branch. Under this contract, WidePoint Cybersecurity will deliver non-federal issuer interoperable personal identity verification, or PIV-I, credentials, professional services, and hardware to perform the credential issuances on site. WidePoint will issue three-year NFI PIV-I credentials to staff providing identity, encryption, logical and physical access capabilities. WidePoint was awarded this contract on September 29.
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FTNT TEF | Hot Stocks09:07 EDT Telefonica, Fortinet launch global Secure SD-WAN service - Telefonica Tech, Telefonica's (TEF) digital business unit, and Fortinet (FTNT) announcing the launch of a new global managed service centered around a security-driven networking approach to SD-WAN. The new service converges networking and security functionality into a single integrated offering to empower the hybrid work era and enable users to have optimal performance and security while connecting from offices, factories or sites and extend this experience when remotely accessing business applications. Combining the global capabilities of Fortinet Secure SD-WAN with the managed security and cloud services of Telefonica Tech ensures quality of experience and security no matter where users are located. This new managed service, flexWAN by Fortinet, is an evolution of the flexWAN service as it now natively integrates cybersecurity. It will be first launched in Spain and soon extended globally throughout Telefonica's worldwide footprint across Europe and the Americas. Backed by strong technical expertise, the new service will allow Telefonica Tech clients to leverage state-of-the-art managed security and advanced connectivity. Built on the principles of security-driven networking, the converged networking and security managed service will also enable the extension to SASE to allow Telefonica customers to accelerate the digitalization of the workplace securely and with the best performance possible with state-of-the-art connectivity.
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KLIC | Hot Stocks09:07 EDT Kulicke & Soffa raises quarterly dividend 21% to 17c from 14c per share - The dividend payment will be made on January 10, 2022 to holders of record as of December 23, 2021.
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GOVX | Hot Stocks09:06 EDT GeoVax Labs CSO Mark Newman to participate in World Vaccine Congress Europe - GeoVax Labs announced that Mark Newman, Ph.D., GeoVax's Chief Scientific Officer, will participate in an interactive roundtable discussion on the topic "Is it feasible to develop universal/pan coronavirus vaccines?" and chair the session on clinical development and testing of COVID vaccines during the World Vaccine Congress Europe, being held October 19-21 in Barcelona, Spain. First-generation COVID vaccines were rapidly developed and have proven highly efficacious in the human population and were designed to encode the prefusion stabilized Spike protein with the goal of inducing high levels of neutralizing antibodies. Potential limitations of narrowly focusing on the S protein, which is variable amongst coronaviruses, are becoming apparent with emerging variants that partially escape neutralizing antibodies. Thus, the effectiveness of these vaccines against new SARS-CoV-2 variants and future coronavirus spillover events remains a concern. Using its novel Modified Virus Ankara - Virus Like Particle platform, GeoVax has developed a design strategy for vaccines expected to induce broader immunity through inclusion of multiple structural and nonstructural proteins from the target pathogen. The GV-MVA-VLP platform is known to induce both humoral and cellular immune responses against the encoded vaccine immunogens. Through the inclusion of genes encoding highly conserved coronavirus proteins as the targets, immune responses against proteins other than the S-protein are induced, limiting the potential of immune escape by emerging variants. GeoVax's vaccine design strategy for developing a universal SARS-CoV-2 vaccine was presented previously at the European Society of Medicine General Assembly. The Company's initial vaccine candidate, GEO-CM02 encodes the Spike, Membrane and Envelope proteins. In this first-generation format, the simultaneous expression of the SARS-CoV-2 proteins supports the in vivo formation of virus like particles, or VLP, which induce both antibody and T-cell responses. Dr. Newman also presented vaccine efficacy and immunogenicity data for GEO-CM02 from hamster and transgenic mice studies, completed to date. Incorporation of additional sequence-conserved nonstructural proteins can provide targets for T-cell responses to further increase the breadth and function of vaccine-induced immune responses. This strategy provides the basis for generating a universal vaccine with augmented potential to alleviate the burden of disease caused by circulating coronaviruses.
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DEA | Hot Stocks09:06 EDT Easterly Government acquires 489,316 leased sf facility in Kansas City, MO - Easterly Government Properties announced that it has acquired a 489,316 leased square foot facility primarily leased to the United States Citizenship and Immigration Services, USCIS, located in the metropolitan region of Kansas City, Missouri. USCIS - Kansas City, a single-story facility that was substantially renovated-to-suit in 1999, is leased primarily to USCIS along with several smaller private sector tenants. With the majority of the building leased to USCIS through 2042, the total weighted average lease expiration date for the facility is February 2036. Should all in-place tenant renewal options be exercised, the weighted average lease expiration date for the facility could be as late as January 2045.
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ONEM | Hot Stocks09:05 EDT One Medical announces availability of Impact by One Medical - One Medical continues advancing its comprehensive approach for managing and preventing chronic illnesses. As a part of its advanced primary care model, Impact by One Medical is available to One Medical members and employers to help improve health and lower the cost of chronic conditions. The Impact program includes 24/7 virtual support, convenient access to in-person care, and all the advanced features One Medical is known for: Dedicated multidisciplinary care teams: Impact patients are provided with personalized health care plans for navigating their chronic care condition supported by a dedicated multidisciplinary healthcare team that includes their primary care provider, health and wellness coaches and care navigators. Built-for-purpose tech integrations with remote devices: One Medical has developed integrations of its proprietary technology platform to allow patients to share health data from their own digital monitoring devices, such as Apple HealthKit and Fitbit, directly with their providers. Moreover, direct access to data such as glucose levels, blood pressure and daily step counts, can allow providers to make medication and treatment plan adjustments, and to provide qualitative feedback on the effect of lifestyle changes in real time. Educational resources: To help patients stay informed and inspired to proactively participate in their health journey, One Medical provides a suite of educational materials, including lifestyle tips, online resources, digital health tools, and group classes customized to each patient's needs.
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FLEX | Hot Stocks09:04 EDT Flex to acquire Anord Mardix for $540M in cash - Flex announced it has entered into a definitive agreement to acquire Anord Mardix from private equity firm Bertram Capital. The acquisition adds to Flex's portfolio of Power products and expands its offering in the data center market. The $540M all-cash transaction has been unanimously approved by Flex's Board of Directors and is expected to close in the fourth quarter of calendar 2021, subject to customary closing conditions, including regulatory approval. Anord Mardix is on track to generate approximately $360M in revenue in calendar 2021 and is well positioned for continued growth in the coming years. Flex expects the Anord Mardix transaction to be accretive to adjusted EPS and to deliver mid-teens EBITDA margins in fiscal year 2023, which begins April 1, 2022. For reporting purposes, Anord Mardix will be included in the Industrial business unit inside Flex's Reliability Solutions segment.
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VZ | Hot Stocks09:04 EDT Verizon launches private mobile edge computing for enterprise with AWS Outposts - Verizon's private mobile edge compute solution with AWS Outposts is available for enterprise customers in the U.S. Announced earlier this year, Verizon 5G Edge with AWS Outposts is a cloud computing platform that brings compute and storage services to the edge of the network on the customer premises. It enables the bandwidth and low latency needed to support real-time enterprise applications. "By bringing compute and storage services to the edge of the network on the customer premises, we're providing enterprises with the low lag and high bandwidth needed to process information in near real time so they can gain actionable data-driven insights and optimize their operations," said Tami Erwin, Verizon Business CEO. "Through our partnership with AWS, we are helping customers unlock the true potential of 5G and edge computing which together will enable innovative applications involving computer vision, augmented and virtual reality, and machine learning. We are just scraping the surface of the new experiences that will be enabled by having 5G and edge compute on site." On Site 5G and 5G Edge with AWS Outposts gives manufacturers the real-time responsiveness that enables applications like predictive maintenance and robotics for improved productivity and quality.
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PLBY | Hot Stocks09:03 EDT PLBY Group to acquire social content platform Dream for up to $30M - PLBY Group announced that it had entered into a definitive agreement to acquire Dream, a social content platform that provides creators with tools to interact directly with their fans. The platform and its development team will serve as the technology foundation for the launch of Playboy's new curated and creator-led site, CENTERFOLD. PLBY Group has signed a definitive agreement to acquire 100% of the equity of the company which owns Dream, for a purchase price of up to approximately $30 million to be paid primarily in PLBY Group stock. The transaction is expected to close in the fourth quarter of 2021. CENTERFOLD will be a curated, creator-led platform dedicated to creative freedom, artistic expression, and sex positivity, as the next evolution of Playboy's long history at the intersection of culture and sex. The platform will arm creators with tools for multiple formats of content creation and direct fan interaction, and provide access to Playboy's vast audience and differentiated content, digital and merchandise capabilities.
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VIACA... | Hot Stocks09:03 EDT ViacomCBS, Altice USA renew distribution agreement - ViacomCBS (VIACA) and Altice (ATUS) announced an agreement for the continued carriage of ViacomCBS' portfolio of broadcast, entertainment, news and sports networks for Altice Optimum and Suddenlink customers. The deal also provides Altice with rights to ViacomCBS' suite of streaming services, including Paramount+, Showtime OTT, Pluto TV, BET+ and Noggin. ViacomCBS and Altice USA will continue to collaborate on addressable media and advanced advertising capabilities. Other terms of the agreement were not disclosed.
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UCL | Hot Stocks09:02 EDT uCloudlink sign cooperation agreement in Tajikistan to expand broadband products - uCloudlink has further expanded its partnerships in Central Asia, by signing a new cooperation agreement with CJSC Indigo Tajikistan, an internet service provider in Tajikistan. Under the agreement, uCloudlink and CJSC Indigo Tajikistan will bring uCloudlink's mobile broadband products and related services to local users.
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CNDT | Hot Stocks08:48 EDT Conduent closes refinance of existing term loans, revolving facility - Conduent Incorporated announced it has successfully completed its previously announced debt refinancing. The Company closed its new first lien senior secured credit facilities consisting of a term A loan facility in the aggregate principal amount of $265 million with a maturity of five years, a term B loan facility in the aggregate principal amount of $515 million with a maturity of seven years and a revolving loan facility providing up to $550 million with a maturity of five years. Borrowings under the term loan A, term loan B and revolving loan facilities will bear interest, at the borrowers' option, at an annual rate equal to the applicable margin over a base rate or Eurocurrency rate. The applicable margin for the term loan A facility and the revolving loan facility for base rate loans will range from 0.75% to 1.75% per year, depending on the Company's leverage ratio, and for Eurocurrency loans will range from 1.75% to 2.75% per year. The applicable margin for the term loan B facility for base rate loans will be 3.25% per year and for Eurocurrency loans will be 4.25% per year. The Company also closed a private offering of $520 million of 6.000% Senior Secured Notes due 2029. The net proceeds of the Senior Secured Credit Facility, including borrowings of $100 million under the revolving loan facility, and New Notes were used to refinance the Company's existing credit agreement.
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BHP | Hot Stocks08:47 EDT Wyloo Metals, Noront formalize 'superior offer' - Wyloo Metals is pleased to announce it has reached an agreement with Noront Resources and formalized its offer to Noront shareholders as part of a comprehensive strategy to develop the Ring of Fire as a world-class Future Metals Hub. The company said, "Wyloo Metals' superior offer is distinguished by several factors including offering shareholders true optionality alongside a superior cash offer. Pursuant to a statutory Plan of Arrangement under the Business Corporation Act, each Noront shareholder will be given the option of accepting cash consideration of Cdn$0.70 per share for some or all of their shares, and continuing to participate in Noront's unrealized potential by remaining as a shareholder. Wyloo Metals' strategy will also see Noront revitalized under the leadership of a world-class Board of Directors led by Dr. Andrew Forrest AO, who has an unparalleled track record in the development of remote mining projects and a proud and continuing legacy of partnering with Indigenous and local communities." Completion of the Wyloo Offer is expected to occur in December 2021. The Wyloo Offer is subject to BHP's right to match period of 5 business days.
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BHP | Hot Stocks08:45 EDT Wyloo Metals to acquire Noront for C$0.70 per share - Noront Resources announced it has settled the terms of a proposal from Wyloo Metals Pty Ltd. and Wyloo Canada Holdings under which Wyloo Metals would acquire up to 100% of the common shares of Noront for C$0.70 in cash pursuant to a statutory plan of arrangement under the Business Corporation Act. The consideration of C$0.70 in cash per share under the Wyloo Offer represents a 192% premium to Noront's unaffected closing price on May 21, 2021 and a 27% premium to the BHP Western Mining Resources International C$0.55 per share offer. Under the proposed arrangement agreement between Noront and Wyloo Metals, Noront shareholders would be entitled to elect to sell all or a portion of their common shares to Wyloo Metals for C$0.70 per share. Shareholders who opt to retain their Noront common shares would continue as common shareholders in the Company going forward. The Noront Board of Directors, on the basis of a recommendation from independent directors comprising Noront's Special Committee of the Board of Directors, and supported by advice from external financial and legal advisors, has unanimously determined that the Wyloo Offer constitutes a superior proposal as compared to the outstanding BHP Offer. Pursuant to the terms of the support agreement among Noront, BHP and BHP Lonsdale Investments Pty, once the Company has determined that a superior proposal has been received, BHP has the right, but not the obligation, to offer to amend the terms of the BHP Offer. BHP has five business days from receiving notice of the superior proposal in accordance with the terms of the Support Agreement to negotiate with Noront, should BHP decide to do so, to amend the terms of the existing Support Agreement such that the Wyloo Offer is no longer considered by the Noront Board of Directors to be superior to the amended BHP offer. The Noront Board of Directors will, in good faith, review any such amended offer by BHP in order to determine whether such amendment would result in the Wyloo Offer no longer being a superior proposal when assessed against any such amended BHP offer. If BHP does not exercise its right to match within the period provided for in the Support Agreement, the Support Agreement will be terminated in accordance with its terms and the Arrangement Agreement will be immediately entered into by the Company and Wyloo Metals. If the Arrangement Agreement is entered into, Wyloo Metals has also agreed to provide a loan to Noront of up to C$23 million to finance, among other things, the termination payment of C$13 million payable to BHP upon the termination of the Support Agreement, as well as other transaction related costs. The term of the Wyloo Loan will be 12 months from completion of the Wyloo transaction, with interest of 5% per annum payable quarterly in either cash or common shares of Noront, at the option of Noront and subject to receiving shareholder approval for the payment of interest in common shares of Noront, and subject to the approval of the TSXV Venture Exchange. It is expected that, if the Support Agreement is terminated, certain Noront shareholders, including Noront directors and senior management, will enter into lock-up agreements under which they will agree to vote in support of the Wyloo Offer. Wyloo Metals currently holds approximately 37.25% of the Noront common shares. The terms of the Arrangement Agreement, if executed, will provide that Wyloo Metals will be entitled to a termination payment of C$17 million if the Arrangement Agreement is terminated in certain circumstances. This termination payment will not be payable if BHP elects to match the Wyloo Offer and Noront and Wyloo Metals therefore do not enter into the Arrangement Agreement.
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WTRH OLO | Hot Stocks08:44 EDT Waitr Holdings expands Olo partnership with enhanced integration for on-demand - Waitr Holdings (WTRH) announced it has broadened its partnership with Olo (OLO) by joining Olo's Dispatch network. The agreement enables Waitr, Bite Squad and Delivery Dudes to receive delivery requests from restaurant orders generated through their own websites and apps. The solution seamlessly manages each restaurant's delivery options and selects service providers, including a restaurant's own couriers, based on optimal price, timing, availability, and other criteria. As a result, Waitr will have increased accessibility to new restaurant brands, as well as the ability to reach guests. "Teaming with Olo on Dispatch expands our access into new restaurants in multiple markets. It also provides the opportunity to show new customers a better delivery experience," said Carl Grimstad, CEO and Chairman of Waitr.
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XELA | Hot Stocks08:43 EDT Exela Technologies selected by federal agency to provide output services - Exela Technologies announced that it has been selected by a large federal agency to provide services under the existing funding channel for a one-year contract. Specifically, this new task order is for the output print, mail and distribution services for agency's benefits communication to members and its associated services. This new program expands the number of task orders to Exela and accounts for additional services beyond processing awards so far. This task order will add a potential of $20M+ over the next three years. "These services are part of a broader mission by the agency to provide its members and their families the benefits they have earned through their service. The Exela team is proud to bring proven best practices from the commercial healthcare and public sector industries to the agency," said Suresh Yannamani, President of Exela Technologies.
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BTTR | Hot Stocks08:41 EDT Better Choice Company appoints several new team members - Better Choice announced the appointments of several new team member. "These new team members bring a wealth of diverse sales, marketing, and innovation experience while strengthening the Company's omni-channel infrastructure as it looks to accelerate growth opportunities in 2022 and beyond," the company said. Additions to Better Choice's deeply experienced e-commerce team, include Yvonne Cheng, Aliy Puhalla, and Bryan Allen. Yvonne Cheng joins as a Senior Director, Omni-Channel Experience. Aliy Puhalla enters as a Director, E-Commerce Sales. Bryan Allen joins in a newly created role, E-commerce Manager. As part of its mission to become the most innovative premium pet food company in the world, Better Choice has also added three new key marketing and innovation team members, Nancy Blair, Cory Cain, and Cecily Koss, to execute innovative marketing initiatives, including the launch of Halo Elevate in 2022. Nancy Blair joins as a Director, Innovation. Cory Cain enters as a Director Omni-Channel Growth. Cecily Koss joins as a Brand Manager. "This cohort of new key hires is critical to Better Choice's success in achieving our near-term growth initiatives and will help us strategically build and develop our direct-to-consumer and e-commerce business segments as integrated elements of a rapidly expanding premium pet food brand," said Scott Lerner, CEO of Better Choice. "As we prepare for growth in 2022, it is an important priority to create an innovative and efficient omni-channel marketing strategy with an experienced team in place. We extend a warm welcome to our new team members and are excited to have attracted a strong pedigree to add to the highly skilled Better Choice family. In addition, we are confident their combined experience in the e-commerce, direct-to-consumer, and marketing fields will provide meaningful contributions as we continue to simultaneously develop our online and brick and mortar presence."
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BANX | Hot Stocks08:41 EDT StoneCastle reports estimated NAV of $21.85 as of September 30 - toneCastle Financial announced that the Company's September 30, 2021 estimated Net Asset Value was $21.85.
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DBRG | Hot Stocks08:40 EDT DigitalBridge, Columbia to buy 'select' assets from Superloop for A$140M - DigitalBridge Group and Columbia Capital announced that DigitalBridge Investment Management the investment management arm of DigitalBridge Group and funds affiliated with Columbia Capital, have agreed to acquire certain select assets from Superloop Singapore and Superloop Hong Kong Limited for A$140M. Under the terms of the agreement, DigitalBridge and Columbia Capital will become strategic partners of Superloop. John Siegel, Partner at Columbia Capital, said, "Increasing regional demand from businesses and consumers for end-to-end connectivity is creating meaningful opportunities for long-term growth. We look forward to partnering with DigitalBridge, who bring more than 25 years of experience in digital infrastructure, on the acquisition of these high-quality assets, and to continue carrying traffic and providing connectivity services in the Singapore and Hong Kong markets." The transaction is expected to close in early 2022, subject to customary closing conditions.
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FLDM | Hot Stocks08:39 EDT Fluidigm announces agenda for IMC Summit: Uncovering Spatial Biology - Fluidigm Corporation announced the agenda for its IMC Summit: Uncovering Spatial Biology. The October 21 virtual event highlights research insights attained by deciphering and uncovering the complex secrets of spatial biology using Imaging Mass Cytometry. The 2021 Summit will include presentations detailing recently published findings and new and unique applications of Imaging Mass Cytometry, focusing on translational and clinical research studies in immunology, immuno-oncology and infectious disease. During the Summit, Fluidigm will introduce Maxpar OnDemand Antibodies, an expanded option that more than doubles the current catalog offering for metal-conjugated antibodies for IMC.
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WNDW | Hot Stocks08:38 EDT Solarwindow appoints Kyle Ballarta as Senior Strategist of Corporate Innovation - SolarWindow Technologies announced the appointment of Kyle Ballarta, Senior Strategist of Corporate Innovation. Ballarta is Founder and CEO of Falkon Ventures. At SolarWindow, Ballarta will support the Executive Leadership Team in its introduction of the Company's clean-energy technologies and products to key customers, strategic partners, and select funders. At Falkon Ventures, Ballarta continues to serve full-time in his role as CEO. At SolarWindow, he supports the Company's Executive Leadership Team as Senior Strategist, Corporate Innovation, devoting up to 30% of his time.
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RELI | Hot Stocks08:38 EDT Reliance Global announces launch of 5MinuteInsure.com in Indiana - Reliance Global Group announced that it has launched 5MinuteInsure.com in Indiana. 5MinuteInsure.com is a platform developed by Reliance Global that provides an easy and efficient way to shop and buy insurance.
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WLYYF | Hot Stocks08:37 EDT Adracare, Levitee enter agreement for addiction, mental health conditions - Levitee Labs is pleased to announce a partnership with Adracare. WELL will provide Levitee Labs Inc. access to WELL's comprehensive end-to-end practice management tools, including, but not limited to, a telemedicine platform. Levitee Labs is excited to be joining the WELL Health network for the opportunity to further bolster its healthcare and wellness assets. Through this agreement with Adracare, Levitee Labs seeks to leverage Adracare's technology tools to provide a state-of-the art digital technology platform for mental healthcare delivery. This model will integrate ethical considerations of digital technologies into a platform that includes clinical workflows, evidence-based care, and shared decision making in a sustainable and scalable manner. This platform will also serve as an opportunity for Levitee Labs to scale psychedelic therapies to various communities across Canada, where there is critical shortage of in person care providers. The agreement with Adracare will further enhance Levitee Labs' ability to engage with its patients that carry the burden of addiction and mental health conditions by enhancing workflows and interactions with them as well as their providers of care. As Levitee Labs continues to grow its portfolio of assets through an accretive M&A strategy, its growing number of patients with addiction and mental health conditions will likely have multiple associated conditions that need to be addressed. By partnering with Adracare, Levitee Labs is now equipped with a telehealth strategy and platform to provide care to more patients and cover a gamut of multidisciplinary addiction and mental health services, including one-on-one counseling, group therapy, consultations, and psychedelic treatments.
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STGW | Hot Stocks08:36 EDT Stagwell's PRophet announces exclusive partnership with PeakMetrics - PRophet, a Stagwell company, announced an exclusive partnership with PeakMetrics, the leading machine-learning powered media monitoring, and narrative analytics platform. The partnership will substantially increase PRophet's access to verified journalists from high authority media outlets in the U.S. and for the first time expand PRophet's reach into the UK, Europe, LatAm and Asia. By tapping into PeakMetrics' AI-driven analytics capabilities, PRophet users will be able to access the PeakMetrics platform and measure the success of their PR efforts.
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DTSS | Hot Stocks08:36 EDT Datasea enters into $4.67M procurement contract to provide services - Datasea announced that its wholly-owned subsidiary company named Shuhai Zhangxun Information Technology had signed a $4.67M procurement contract for Short Message and 5G Multimedia Message Services with Jiangxi Zhouwang Network Technology. Pursuant to the Contract, Shuhai Zhangxun will help Jiangxi Zhouwang reach its clients and provide value-added telecommunication Messaging Services. The Messaging Services include but are not limited to granting Jiangxi Zhouwang 1) access to Shuhai Zhangxun's Short Message and 5G Multimedia Message platforms; 2) an access code issued by the Ministry of Industry and Information Technology to adopt the above services, and 3) the telecommunication gateways of the three major Chinese mobile operators to allow data to flow from one discrete network to another. Jiangxi Zhouwang undertakes the total purchase value of this engagement would be no less than approximately $4.67M. The term of the Contract is one year. The service fees under the Contract shall commence when Jiangxi Zhouwang starts to adopt Shuhai Zhangxun's Short Message and 5G Multimedia Message services. The billing cycle under the Contract is one calendar month, and Jiangxi Zhouwang will be invoiced monthly. "Our 5G messaging business strategy and the work that we have done in the past year have led to phenomenal business results, strengthened our core business, and positioned Datasea for long-term sustainable growth," said Zhixin Liu, CEO of Datasea. "Datasea team is incredibly excited to be working with Jiangxi Zhouwang and helping them in taking hands-on messaging technology to new heights with our solutions."
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RDUS | Hot Stocks08:34 EDT Radius Health announces Phase 3 results for TYMLOS - Radius Health announced positive results from the ATOM study evaluating abaloparatide 80mcg subcutaneous for use in males with osteoporosis. The ATOM study met its primary endpoint - the percentage change in lumbar spine bone mineral density compared to placebo - demonstrating statistical significance after 12 months. Study participants receiving abaloparatide-SC experienced an average increase in LS BMD of 8.5% compared to patients receiving the placebo experiencing an average increase of 1.2%. The study also met secondary endpoints, which measured the percentage change compared to placebo for lumbar spine BMD at 6 months, total hip BMD at 12 months, and femoral neck BMD at 12 months. The safety profile of abaloparatide in the ATOM study was consistent with results in previously reported trials. Chhaya Shah, Senior Vice President, who leads the clinical and regulatory activities for abaloparatide, commented, "The team did a phenomenal job working through all of the complexities encountered as a result of the Covid-19 virus, in completing the study and delivering positive results." Shah added further, "We remain on track for an sNDA submission in the first quarter of 2022." The Company will complete a full evaluation of the ATOM data and work with investigators to present detailed results at a future medical meeting.
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FIXX | Hot Stocks08:34 EDT Homology Medicines initiates Phase 1 trial for HMI-203 - Homology Medicines announced that it has initiated the Phase 1 trial for HMI-203, a one-time, in vivo gene therapy candidate for the treatment of adults with mucopolysaccharidosis type II, or Hunter syndrome. The juMPStart trial is an open-label, dose-escalation study evaluating the safety and efficacy of a single intravenous administration of HMI-203. Hunter syndrome is a lysosomal storage disorder caused by mutations in the iduronate 2-sulfatase gene leading to absent or deficient I2S enzymatic activity, which causes toxic lysosomal accumulation of glycosaminoglycans. There are no treatments currently available that address both the peripheral organ and cognitive manifestations of the disease, and there remains a high unmet medical need for patients despite the availability of enzyme replacement therapy. The juMPStart trial is expected to enroll up to 9 male patients ages 18-30 years old who have been diagnosed with Hunter syndrome and are currently receiving ERT. In addition to safety endpoints, the trial plans to measure plasma I2S activity, urinary GAG levels and other peripheral disease manifestations. The Phase 1 dose-escalation portion of the trial is designed to evaluate three doses of HMI-203 to potentially determine the optimal dose for a future trial. In October 2021, the U.S. Food and Drug Administration cleared the Investigational New Drug application for HMI-203 for the treatment of Hunter syndrome to proceed.
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APO | Hot Stocks08:33 EDT Apollo Global names Roger Ferguson as Vice Chairman - Apollo Global Management announced that Roger Ferguson has been named Vice Chairman of Apollo. Ferguson will serve as a key advisor to the Firm and its senior leaders on strategic asset management and retirement services initiatives, while enhancing new deal origination and deepening relationships with investors, regulators, industry leaders and the broader financial services community. Ferguson most recently served as the President and CEO of TIAA, a provider of retirement services in the academic, research, medical and cultural fields.
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LAZY | Hot Stocks08:31 EDT Lazydays to open Omaha dealership - Lazydays will greenfield a dealership in Council Bluffs, Iowa to serve the Omaha, NE metropolitan area. The company expects the new dealership to open for business in 4Q22. The dealership will be branded Lazydays RV of Omaha.
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ICLK | Hot Stocks08:30 EDT iClick Interactive Asia trading resumes
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EVOL | Hot Stocks08:30 EDT Evolving Systems trading resumes
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MBRX | Hot Stocks08:28 EDT Moleculin Biotech's Annamycin shows preliminary clinical activity in Phase 1b/2 - Moleculin Biotech reported interim results from its U.S. Phase 1b/2 clinical trial evaluating Annamycin for the treatment of soft tissue sarcoma - STS - lung metastases, which documented preliminary clinical activity for Annamycin. The Phase 1b/2 study is a U.S. multi-center, open-label, single-arm study that in Phase 1b will determine the maximum tolerated dose or the recommended Phase 2 dose and safety of Annamycin. The Phase 2 portion of the study will explore the efficacy of Annamycin as a single agent for the treatment of subjects with STS with lung metastases, who have failed prior chemotherapy, and for whom new chemotherapy is considered appropriate. A maximum of 25 subjects will be enrolled at the RP2D to further evaluate efficacy. The company has opened enrollment in the third cohort of the Phase 1b portion of the study.
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AMPY | Hot Stocks08:27 EDT Amplify Energy releases statement on Southern California response to oil spill - Amplify Energy, parent company to Beta Operating Company, issued the following statement regarding the ongoing environmental remediation efforts in Southern California: "Over the course of the past two weeks, the Amplify Energy team has worked closely with the U.S. Coast Guard and the California Department of Fish and Wildlife's Office of Spill Prevention and Response as part of the Unified Command, and also with many other federal, state and local agencies on the remediation efforts in response to this event. We are grateful for the efforts of all parties involved, and we will continue to collaborate closely as cleanup and restoration progresses. On October 15, 2021, Unified Command reported that trained oil observers and beach cleanup contractors witnessed significant progress in cleanup operations and are assessing the beaches to determine whether any further treatment is needed. We are fully committed to supporting the Unified Command and complying with all regulatory requirements and investigations. These investigations take time, given their complexity, and Amplify Energy remains committed to cooperating with the federal and state agencies looking into this matter... On October 14, 2021, the U.S. Coast Guard announced that it has a high degree of confidence the size of the release was approximately 588 barrels, which is below the previously reported maximum estimate of 3,134 barrels... Offshore energy development and maritime traffic can and have coexisted in this region for decades and we are committed to working with maritime stakeholders to investigate this incident and ensure something like this does not happen again."
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ENZ PKI | Hot Stocks08:25 EDT Enzo Biochem appoints Hamid Erfanian as Chief Executive Officer - Enzo Biochem (ENZ) announced the appointment of Hamid Erfanian as Chief Executive Officer. Following the succession plan announced in March and the engagement of Korn Ferry, Elazar Rabbani remains Chairperson of the Board of Directors and will assume the role of Chief Scientific Officer of the Company. Erfanian brings over 28 years of experience as a seasoned healthcare executive specializing in the diagnostic, medical devices, and life sciences industry. Erfanian's employment will begin in early November. Erfanian was most recently Chief Commercial Officer of EUROIMMUN, a PerkinElmer (PKI) company.
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ATNX | Hot Stocks08:22 EDT Athenex, Center for Cell and Gene Therapy announce allowance of first US patent - Athenex and the Center for Cell and Gene Therapy at Baylor College of Medicine, Texas Children's Hospital and Houston Methodist Hospital announced that the U.S. Patent and Trademark Office has allowed patent claims around its NKT cellular immunotherapy platform. While similar claims had already been granted in the European Union, these claims are the first allowed on this technology in the U.S. Dan Lang, M.D., President, Athenex Cell Therapy, Vice President, Corporate Development/Communication commented, "We are very pleased to have received allowance of claims on one of our foundational patent families on NKT cells. These claims are important for our platform technology because we believe CD62L+ NKT cells have a high rate of in vitro expansion, enhanced in vivo persistence, and potent anti-tumor activity. We look forward to further studying these important attributes in our KUR-501 and KUR-502 clinical development programs, both of which use this technology. We have over 100 patent applications pending and issued around the world, and we believe this first U.S. patent allowance firmly establishes Athenex as one of the leaders in NKT cell therapy."
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RSGUF | Hot Stocks08:21 EDT Rogers Sugar reaches memorandum of agreement at Lantic's Montreal refinery - Rogers Sugar is pleased to announce that it has reached an agreement with the union representing the majority of employees of the Montreal refinery. This agreement is subject to a ratification vote that will held next week. The Montreal refinery employs approximately 200 unionized workers. The collective bargaining process between Lantic and its four Montreal unions began last winter in light of the expiry, at the end of May, of a five-year collective agreement. The Montreal refinery is operated by Lantic, a wholly-owned subsidiary of the Corporation.
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ENPH | Hot Stocks08:21 EDT Enphase Energy launches Encharge Battery Storage Systems in Belgium - Enphase Energy announced that it has started shipping its Encharge battery storage systems to customers in Belgium, further expanding the product's availability in the European market. Encharge battery storage systems are also currently available to customers in Germany and North America. "We are pleased to offer battery storage systems to residential customers in Belgium, a fast-growing solar market in Europe," said Peter van Berkel, general manager of Enphase Energy Europe. "Encharge battery storage systems, along with IQ 7 family of microinverters, offer an all-in-one solution, which allows homeowners to optimize their energy usage and reduce their energy bills. With a strong adoption rate for solar energy among Flemish homeowners, we anticipate a warm reception for the product and its capabilities." The Encharge battery storage system offers storage configurations ranging from 3.5kWh to an aggregate 42kWh, along with the ability to upgrade through the lifetime of the system. Enphase delivers a safe solar-plus-storage solution designed to not expose installers or homeowners to high-voltage DC. The batteries feature Lithium Iron Phosphate battery chemistry, which provides a long cycle life and safe operation through excellent thermal stability. Homeowners have insight into their systems through the Enphase Envoy communications gateway, which connects Enphase systems to the Enphase Enlighten mobile app. Encharge batteries offer over-the-air software upgrades and come with a 10-year limited warranty.
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WTHVF | Hot Stocks08:19 EDT Westhaven Gold announces drill results from Shovelnose property - Westhaven Gold is pleased to announce drill results from its ongoing, fully-financed drill campaign at its 100% owned 17,623-hectare Shovelnose gold property. Shovelnose is located within the prospective Spences Bridge Gold Belt, which borders the Coquihalla Highway 30 kilometres south of Merritt, British Columbia. Westhaven is reporting assays for 10 holes from its ongoing drill campaign at Shovelnose. Westhaven has completed 34,991 metres of diamond drilling to date in 2021. An additional 18 holes are pending assays. Recent Drilling Highlights: SNR21-35: 85.45 metres of 1.09 g/t gold and 2.43 g/t silver, including 10.00m of 3.42 g/t Au and 3.97 g/t Ag, including 2.00m of 13.55 g/t Au and 3.98 g/t Ag, and 3.14m of 10.80 g/t Au and 24.80 g/t Ag. SNR21-37: 17.00m of 1.21 g/t Au and 2.50 g/t Ag, including 2.00m of 6.77 g/t Au and 7.57 g/t Ag. SNR21-34: 45.92m of 0.58 g/t Au and 1.84 g/t Ag, including 15.00m of 1.26 g/t Au and 2.91 g/t Ag. Drilling Update: Two drills are currently conducting exploration drilling at the FMN Zone and CSAMT targets. The FMN Zone is initially being drilled along a series of sections spaced 50 m apart over a strike length of 250m as a follow-up to holes SN20-158, SN21-161 and SN21-167. Drilling will be expanded eastward towards holes SN20-139 and SN20-145 to test for the continuity of mineralization over strike-lengths similar to that seen at South Zone. Two targets along CSAMT Line 4000 are being drill tested west of South Zone. Both targets feature prominent resistivity highs that may be associated with zones of quartz veining similar to that seen at South Zone. Subsequently, two prominent northwest trending magnetic lows situated on trend to the southeast of South Zone, immediately southeast of the Shylock targets, are currently being evaluated as potential drill targets.
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RSVR | Hot Stocks08:19 EDT Reservoir Media announces global publishing deal with Emeli Sande - Reservoir Media announced a new publishing deal with Scottish singer-songwriter Emeli Sande. The deal includes her upcoming album, plus future works. "Next To Me" was off Sande's debut album, Our Version of Events, which reached #28 on the Billboard 200 and was certified Gold by the RIAA. The album also spent 10 weeks at #1 on the U.K. album charts and became the best-selling U.K. album of the year. In 2016, she released Long Live the Angels, which reached #2 on the U.K. album chart, and her last album, Real Life, went Top 10 in 2019. Last month, Sande dropped her newest single, "Family" an uplifting, spiritual track off her upcoming album, expected in 2022. Across her career, Sande has collaborated with a wide range of artists. Annette Barrett, Reservoir U.K. Managing Director and Global Strategic Liaison added, "I am beyond thrilled to be able to sign Emeli Sande, who is such a great addition to our roster. She is an amazing talent; I have admired her songwriting and artist career over the years and am so excited for the release of her new work."
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SDGR CNTA | Hot Stocks08:17 EDT Centessa's Orexia Therapeutics, Schrodinger announce collaboration - Schrodinger (SDGR) and Centessa Pharmaceuticals (CNTA), together with subsidiary Orexia Therapeutics, announced an exclusive collaboration focused on the discovery of novel therapeutics targeting the orexin-2 receptor, which is known to play a role in a broad spectrum of sleep disorders including narcolepsy. The collaboration provides Orexia with substantial access to Schrodinger's entire computational platform as well as Schrodinger's extensive expertise in ultra-large-scale deployment of its technology. Orexia will leverage Schrodinger's computational platform, including LiveDesign and Free Energy Perturbation, which facilitates high-performance calculations for drug discovery to enable accurate prediction of potency at the target of interest. The collaboration will be enabled by Orexia's structural biology capabilities, including the stabilized OX2R StaR protein exclusively licensed from Sosei Heptares, and high-resolution crystal structures in agonist conformation. The collaboration represents the first time Schrodinger's technology will be applied in an orexin agonist setting at scale. "While prevailing treatment approaches only address the symptoms associated with narcolepsy type 1, we believe orexin agonists offer a disruptive approach, with the capacity to address the underlying pathology of the disorder. Orexia's utilization of OX2R stabilized receptors provides the foundation for R&D which could significantly benefit patients with NT1. We look forward to partnering with Schrodinger to complement the discovery and development work we are conducting at Orexia," said Saurabh Saha, MD, PhD, Chief Executive Officer of Centessa. Under the terms of the agreement, Orexia will be responsible for preclinical research activities, clinical development and commercialization of future product candidates discovered under the collaboration. Schrodinger will receive an upfront software access payment and may become eligible to receive certain preclinical, development, regulatory and commercial milestone payments, as well as low single digit royalties on global net sales.
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NARI | Hot Stocks08:17 EDT Inari Medical announces randomized controlled trial of FlowTriever System - Inari Medical announced planned enrollment of the PEERLESS trial. PEERLESS is a new randomized controlled trial comparing the clinical outcomes of patients with intermediate-high risk pulmonary embolism treated with the FlowTriever System versus catheter-directed thrombolysis. The trial design was presented at the 7th Annual Pulmonary Embolism Symposium, sponsored by the PERT Consortium. PEERLESS is a prospective, multi-center trial that will include up to 700 patients and 60 centers in the United States and Europe. The study consists of a primary randomization cohort of 550 patients, and for patients who cannot be randomized due to an absolute contraindication to thrombolytics, a secondary non-randomized cohort of up to 150 patients.
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ITCI | Hot Stocks08:16 EDT Intra-Cellular announces amended start time to October 20 virtual event - Intra-Cellular Therapies announced the Company's Virtual Event featuring highlights of its development programs being held on Wednesday, October 20, 2021 will now begin at 1:00 p.m. ET. The virtual event will run from 1:00 p.m. ET - 4:00 p.m. ET.
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DGLY | Hot Stocks08:14 EDT Digital Ally receives multiple orders for FirstVu II, QuickVu - Digital Ally announces it has received multiple orders for its next generation body-worn camera, FirstVu II, and QuickVu docking station. These orders come immediately after the Company announced the body camera and docking station were readily available. "We are very proud to see the immediate interest and acceptance in the marketplace surrounding the FirstVu II and QuickVu," said Stan Ross, CEO of Digital Ally, adding: "Our team has worked extremely hard to develop new technology that officers desperately need to keep them and their communities safe. We look forward to releasing additional innovations soon that will continue our commitment to true safety for all concerned." Notable orders for the FirstVu II body-worn camera and QuickVu docking station purchased via the Company's subscription payment plan include: Hardin County Sheriff's Department; Flemington Borough Police Department; Aliquippa Police Department; Elm Springs Police Department; and Cuba Police Department.
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ADM | Hot Stocks08:14 EDT Archer Daniels and enzymes, probiotics maker Vland to launch JV for China - ADM and Qingdao Vland Biotech Group announced that they have agreed to form a joint venture to serve growing Chinese demand for human probiotics. "This exciting new joint venture represents the latest expansion in our full-scale global health & wellness business, which is helping propel growth across our entire human and animal nutrition portfolio, and creating value for ADM and customers alike," said Vince Macciocchi, president of ADM's Nutrition business. "We're excited to partner with Vland to help meet the needs of consumers who are becoming increasingly aware of the strong linkage between health of the gut microbiome and their overall health. Retail demand for probiotics in China is estimated to be $1 billion in 2022, with annual growth of more than 9 percent, and we believe this new venture - powered by the expertise and experience of both ADM and Vland - is perfectly positioned to play a leading role in meeting that demand." The 50-50 joint venture will manufacture and sell human probiotics, bringing together expertise and experience from both ADM and Vland to encompass a full range of technology, production and commercial capabilities, from pre-clinical trial design to manufacturing to go-to-market strategy and execution. The joint venture, which is subject to regulatory approval, is expected to launch in the first half of 2022.
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BVS MSON | Hot Stocks08:14 EDT Bioventus, Misonix announces election deadline for Misonix stockholders - Bioventus Inc. (BVS) and Misonix, Inc. (MSON) announced an election deadline of 5:00 p.m., New York City Time, on October 25, 2021 for stockholders of Misonix to elect the form of consideration they wish to receive for their shares of Misonix common stock in connection with the proposed merger of Oyster Merger Sub I, Inc., a newly-formed, wholly-owned subsidiary of Bioventus, with and into Misonix, immediately followed by the merger of Misonix with and into Oyster Merger Sub II, LLC, another newly-formed, wholly-owned subsidiary of Bioventus pursuant to the Agreement and Plan of Merger, dated as of July 29, 2021, by and among Bioventus, Merger Sub I, Merger Sub II and Misonix. If the Election Deadline is delayed or extended for any reason, Bioventus and Misonix will promptly announce the delay and, when determined, the rescheduled Election Deadline. As previously announced, as a result of the Mergers, each share of Misonix common stock outstanding at the effective time of the Mergers will be converted into the right to receive 1.6839 shares of Bioventus class A common stock or $28.00 in cash, subject to proration and reallocation as described in the Merger Agreement and the Joint Proxy Statement/Prospectus. Misonix stockholders are entitled to elect whether they wish to receive the stock consideration for all of their shares of Misonix common stock, the cash consideration for all of their shares of Misonix common stock, the cash consideration for some shares of Misonix common stock and the stock consideration for the other shares of Misonix common stock or make no election with respect to all of the shares of Misonix common stock held, subject in each case, to proration and reallocation as described in the Merger Agreement and the Joint Proxy Statement/Prospectus. Record holders of Misonix common stock should have already received a Letter of Election and Transmittal, which permits the stockholder to make an election as to the type of merger consideration. Record holders are reminded that if they wish to make an effective election, they must complete and return their Letter of Election and Transmittal, along with their stock certificate and any other documents noted in the instructions to the Letter of Election and Transmittal, to American Stock Transfer & Trust Company, LLC, the Exchange Agent, no later than the Election Deadline, which is 5:00 p.m., New York City time, on October 25, 2021.
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SXTC | Hot Stocks08:12 EDT China SXT Pharmaceuticals obtains new medical manufacturing permit in China - China SXT Pharmaceuticals recently received a new Pharmaceutical Manufacturing Permit from Jiangsu Province Medical Products Administration with a new production scope of lyophilization processing. The company also passed its pharmaceutical GMP compliance-inspection conducted by JSMPA for the company's new lyophilization production facility. Lyophilization processing is a process of freezing raw materials or products and removing the frozen water by sublimation, which improves their aqueous solubility and extends shelf life
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AN | Hot Stocks08:12 EDT AutoNation opens second AutoNation USA in Denver market - AutoNation announced the opening of AutoNation USA Denver Broadway, the third of five new AutoNation USA stores that the company will open this year. The company expects to open 12 additional AutoNation USA stores in 2022. AutoNation is projecting to have over 130 AutoNation USA stores in operation from coast-to-coast by the end of 2026. The AutoNation USA stores will continue to leverage the AutoNation brand, scale, and proven Customer-centric processes to capture a larger share of the used vehicle market.
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KALA | Hot Stocks08:12 EDT Kala Pharmaceuticals announces appointment of Myers to board of directors - Kala Pharmaceuticals announced the appointment of C. Daniel Myers to its Board of Directors. Myers, who has more than 35 years of ophthalmic pharmaceutical experience, will serve as a Class III director, and join both the Compensation and Nominating and Corporate Governance Committees. Myers is currently the Chief Executive Officer of MediPrint Ophthalmics, a position he has held since 2020. In conjunction with Mr. Myers' appointment, Kala announced that Rajeev Shah, a member of the company's Board of Directors since 2015, will be leaving the Board.
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GFI | Hot Stocks08:12 EDT Candente Copper, Gold Fields agree to commercial terms on Arikepay propert - Candente Copper is pleased to announce that Candente Copper and Gold Fields La Cima S.A., a subsidiary of Gold Fields Limited, have conditionally agreed to commercial terms for Gold Fields to option the Arikepay copper-gold porphyry property in Southern Peru. Terms: Cash Payments totalling up to 1,790,000 over 10 years: $100,000 on signing of Definitive Agreement; $40,000 upon receiving drilling permits; $100,000 on first and second anniversaries; $150,000 per year until Year 5; $200,000 per year for the next 5 years. Exploration commitments are: $3.5M over 3 years to reach 51% interest; An additional $3.5M over another 2 years to reach 70% interest; Complete Feasibility and make a payment of $10M within 10 yrs to reach 100% interest, subject to a 2.5% Net Smelter Return; The 2.5% NSR has an option to buyout 1.5% Interest for $6M. The proposed terms are subject to the execution and completion of a Definitive Agreement by both parties which will layout further details currently still under discussion. The Arikepay property, held by Cobriza Metals Peru, subsidiary of the Company, is located about 110 kilometres south of the city of Arequipa in southern Peru and 45 km south of the +3 billion tonne Cerro Verde copper-molybdenum porphyry deposit, owned by Freeport, SMM Cerro Verde Netherlands and Buenaventura. Two altered and mineralized bodies have been found on the property. Alteration comprises propylitic, phyllic, silicic and potassic altered volcanic and intrusive rocks. Mineralization consists dominantly of pyrite ranging from less than1% to greater than10% in disseminations and veinlets with lesser amounts of chalcopyrite, bornite and magnetite. Two drilling programs have been completed on the property to date. Cobriza completed a reverse circulation drill program in June 2012 totalling 3,630 metres in 14 holes and a third party, Compania Minera Zahena S.A.C. drilled 8,908m in 14 drill holes between Dec 2013 and March 2017. Cobriza and Zahena both initially focused on the copper potential but since 2017, Cobriza recognized a stronger potential for gold mineralization at Arikepay.
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RARE | Hot Stocks08:11 EDT Ultragenyx initiates Cyprus2+, a trial evaluating UX701 - Ultragenyx Pharmaceutical announced that it has successfully screened and enrolled multiple patients with Wilson disease into the baseline monitoring period prior to dosing in its pivotal, seamless Phase 1/2/3 study of UX701, the Cyprus2+ study. The company's investigational AAV9 gene therapy is designed to deliver stable expression of the ATP7B copper transporter following a single intravenous infusion, with the goal of establishing normal trafficking of copper in patients with Wilson disease. "Through collaboration with the FDA and other regulatory agencies we are able to bring forward an innovative and seamless phase 1/2/3 study design, that required agreement on clinical endpoints and manufacturing requirements up-front, allowing us to progress through the phases of development more efficiently," said Eric Crombez, Chief Medical Officer of the Ultragenyx Gene Therapy development unit. "We are fortunate to have one of the most experienced and skilled teams in gene therapy and a proprietary and commercial-scale manufacturing platform that enable us to conduct this type of innovative and dynamic clinical program." The study will enroll patients receiving ongoing standard of care medication for the treatment of Wilson disease for at least 12 months, with no medication or dose changes for at least 6 months prior to enrollment. After initial screening that includes testing for pre-existing antibodies to the AAV9 capsid, patients will be evaluated to ensure stable measures of disease during a 4-to 12-week baseline monitoring period. This study evaluating UX701 for the potential treatment of Wilson disease is designed with 3 seamless stages. During the first stage, the safety and efficacy of up to three dose levels of UX701 will be evaluated over the course of 52 weeks and a dose will be selected for further evaluation in stage 2. In this first stage, 27 patients will be randomized into three cohorts in a 2:1 ratio per cohort to receive UX701 at the dose level assigned for the cohort or placebo. The sequential doses to be evaluated are 5.0 x 10^12 GC/kg, 1.0 x 10^13 GC/kg, and 2.0 x 10^13 GC/kg. In stage 2, a new cohort of patients will be randomized 2:1 to receive the selected dose of UX701 or placebo. The primary safety and efficacy analyses will be conducted at Week 52 of stage 2. The primary efficacy endpoints are change in 24-hour urinary copper concentration and percent reduction in standard of care medication by Week 52. After the initial 52-week study period, all patients will have long term follow up in stage 3. Patients randomized to placebo in stages 1 and 2 will be eligible to receive UX701 in stage 3.
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LOGC | Hot Stocks08:10 EDT LogicBio Therapeutics reports clinical trial results of LB-001 in children - LogicBio Therapeutics announced clinical trial results demonstrating the first-ever in vivo genome editing in children. Early data from the company's Phase 1/2 SUNRISE clinical trial showed measurable levels of albumin-2A, a technology-related biomarker indicating site-specific gene insertion and protein expression. The SUNRISE trial is evaluating the safety, tolerability and preliminary efficacy of LB-001, the company's investigational, single-administration genome editing therapy, in pediatric patients with methylmalonic acidemia. These results follow a recommendation from the independent Data Safety Monitoring Board overseeing the SUNRISE trial to continue the study without modification. The DSMB's recommendation was based on an evaluation of the safety data from the first two patients enrolled in the trial. Per the FDA-cleared protocol, albumin-2A detection together with the DSMB continuation recommendation enables LogicBio to begin enrolling two patients in the higher dose cohort with ages ranging three to twelve years old and two patients in the lower age, six months to two years old, cohort at the lower dose of LB-001. SUNRISE is a first-in-human, open-label, multi-center, Phase 1/2 clinical trial designed to assess the safety and tolerability of a single intravenous infusion of LB-001 in pediatric patients with MMA. LB-001 is based on the company's proprietary GeneRide technology. The company remains on track to present additional interim data by the end of 2021.
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TANH | Hot Stocks08:10 EDT Tantech Holdings units announces new order for 15 midibuses - Tantech Holdings announced that its subsidiary, Shangchi Automobile Co., Ltd., continues to drive sales momentum with its new order for 15 midibuses.
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CAAP | Hot Stocks08:09 EDT Corporacion America Airport reports September traffic up 227.8% - Corporacion America Airport reported a 227.8% year-over-year increase in passenger traffic in September and a 47.7% decline when compared to the same period of 2019. Total passenger traffic in September grew 2.3x compared to the same period of last year, driven by increases across all countries of operations, particularly in Argentina, reflecting easier comparisons due to tougher travel restrictions in the year ago period. When compared to 2019, overall passenger traffic declined 47.7%, impacted by the COVID-19 pandemic, though consistently improving from the decline of 75.7% recorded in April. International and domestic passenger traffic dropped 62.7% and 41.4%, respectively, from pre-pandemic levels of September 2019.
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AMZN | Hot Stocks08:09 EDT Amazon hiring for 23,000 jobs across cities and towns in California - Amazon continues to provide diverse employment opportunities for people of all backgrounds and skill levels, announcing today 150,000 seasonal jobs are now available across the U.S. including 23,000 in California. All Amazon jobs in the U.S., including seasonal roles, have an average starting pay of $18 per hour, sign-on bonuses up to $3,000 and an additional $3 per hour depending on shifts in many locations. Today's seasonal roles come in addition to the 25,000 full and part-time Operations jobs announced for California previously.
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EVOL | Hot Stocks08:08 EDT Evolving enters definitive agreement to sell activation, marketing businesses - On October 15, 2021, Evolving Systems entered into definitive agreements to sell all of the assets of its Customer Acquisition and Network Services division as well as its CVML and Loyalty Business to PartnerOne Capital for a base purchase price of $40M. The proposed transaction, which has been approved by the Board of Directors of both companies, is subject to various terms and conditions, including approval by Evolving Systems' stockholders. Evolving Systems expects to file a preliminary proxy statement regarding the proposed transaction with the U.S. Securities & Exchange Commission within 30 days. At the closing, Evolving Systems expects to receive $37.5M of the base purchase price in cash, with the remaining $2.5M placed in escrow as security for Evolving Systems' indemnification obligations. The escrowed funds will be released to Evolving Systems on the first business day following the one-year anniversary of the closing, less any portion used to make indemnification payments to PartnerOne. "At closing, we anticipate that Evolving Systems will have a debt free balance sheet with approximately $37.5 million in cash and cash equivalents," said Matthew Stecker, President & CEO of Evolving Systems. "The Board of Directors has established an investment committee to evaluate options to maximize the value of the Company's assets, including, but not limited to, identifying potential opportunities to invest in or acquire one or more operating businesses that provide opportunities for appreciation in value and/or returning cash to shareholders." Evolving Systems' largest stockholder and holder of approximately 20.8% of Evolving Systems' issued and outstanding common stock has entered into a voting agreement to vote in favor of the proposed transaction, subject to certain terms and conditions contained therein.
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Z | Hot Stocks08:08 EDT Zillow Offers suspends signing of new contracts through 2021 - Due to a backlog in renovations and operational capacity constraints, Zillow announced its Zillow Offers business will not sign any new, additional contracts to buy homes through the end of the year. Pausing on new contracts will enable Zillow Offers to focus operations on purchasing homes with already-signed contracts, but have yet to close, and reducing the renovation pipeline. Zillow will continue to market and sell homes through Zillow Offers during this period.
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MESO | Hot Stocks08:08 EDT Mesoblast announces publication of results on remestemcel-L - Mesoblast announced that results published in the latest issue of the peer-reviewed journal Bone Marrow Transplantation showed that children with steroid-refractory acute graft versus host disease and biomarkers predictive for highest mortality had 64% survival when treated with remestemcel-L compared with only 10% survival when treated with other available therapies, including ruxolitinib or other biologics. These data provide further support for the proposed anti-inflammatory mechanism of action of remestemcel-L and its immunomodulatory activity in patients with SR-aGVHD, resulting in improved survival outcomes. At its upcoming scheduled meeting with FDA's Office of Tissue and Advanced Therapies, Mesoblast will address the appropriateness of potency assays related to remestemcel-L's proposed anti-inflammatory mechanism of action as well as the outstanding chemistry, manufacturing and controls items which could support a resubmission of the current Biologics License Application for remestemcel-L in the treatment of SR-aGVHD in children. The study compared outcomes in 25 children from Mesoblast's Phase 3 trial of remestemcel-L in SR-aGVHD with 27 closely matched children from the Mount Sinai Acute GVHD International Consortium who participated in a prospective natural history study and were matched for the Phase 3 trial entry criteria. The objective of the study was to evaluate whether outcomes differed according to treatment with remestemcel-L vs other therapies in children at highest risk of death, namely those with baseline MAGIC Algorithm Probability biomarker levels greater than or equal to0.291, a level predictive of very high mortality and poor responses to therapy in SR-aGVHD. MAP combines the serum concentrations of two biomarkers, Reg3alpha and ST2, into a single value that predicts long-term outcomes and significant GI tract damage. MAP levels greater than or equal to0.291 were present in 48% of remestemcel-L treated children and 37% of the MAGIC cohort. Treatment with remestemcel-L resulted in 67% Day 28 Overall Response and 64% Day 180 overall survival compared with 10% Day 28 Overall Response and 10% Day 180 survival in the MAGIC cohort when treated with various biologics, including ruxolitinib. These results extend previous observations showing that children who achieved clinically meaningful responses and survival after treatment with remestemcel-L had significant reductions in the ST2 biomarker of inflammation, consistent with healing of the GI tract.
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MASI | Hot Stocks08:07 EDT Masimo announce findings from Masimo PVi abstract - Masimo announced the findings of an abstract presented at ANESTHESIOLOGY 2021 in San Diego, in which the Rajiv Gandhi Cancer Institute in New Delhi, India evaluated the use of noninvasive, continuous Masimo PVi as part of goal-directed fluid therapy to guide intraoperative fluid administration during major oncosurgery in which lung ultrasonography is used to diagnose extravascular lung water. The researchers found that use of PVi, as a dynamic, continuous method of managing fluid administration, led to patients receiving less fluid and having fewer B-lines, with no significant decrease in postoperative perfusion or oxygenation, compared to use of a central venous pressure-guided fluid administration protocol. Noting that conventional invasive methods of guiding fluid administration during major oncosurgery may increase EVLW, which can lead to postoperative cardiorespiratory complications, the authors investigated whether use of a noninvasive, dynamic, continuous method-GDFT guided by Masimo PVi-could improve fluid management by reducing the amount of fluids administered and B-lines as measured by LUS. To evaluate PVi, they compared two groups of adult patients undergoing major oncosurgery with LUS: a group of 60 patients whose fluid administration was guided by PVi as part of GDFT and a group of 59 patients whose fluid administration was guided by CVP. Their primary outcome was detection of EVLW indicated by the total number of B-lines, and their secondary outcome was adequacy of perfusion by lactate levels at the end of surgery. The authors also measured arterial blood gas samples at baseline and the end of surgery to evaluate oxygenation. Comparing the amount of fluids administered, the researchers found there were significantly fewer total crystalloids given in the PVi group compared to the CVP group, as well as significantly less colloid provided in the bolus. They found that 23.3% of PVi-group patients had "mild" B-lines and 5.0% "moderate" B-lines, compared to 44.1% mild and 5.1% moderate in CVP-group patients. At the end of surgery, they found that in the CVP group, there was a statistically significant decrease in partial pressure of oxygen in arterial blood and the ratio of arterial blood oxygen partial pressure to fractional inspired oxygen, compared to baseline levels; in the PVi group, the parameters were comparable to baseline after surgery, with no significant difference.
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TRHC | Hot Stocks08:07 EDT Tabula Rasa HealthCare partners with PAI to promote MedWise Science - Tabula Rasa HealthCare announced that it signed a Letter of Intent with the Pharmaceutical Association of Israel to promote TRHC's propriety MedWise Science among pharmacists in community, hospital, and academic settings in Israel and the Palestinian Authority.
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SDGR CNTA | Hot Stocks08:06 EDT Schrodinger, Centessa announce pact to discover novel orexin receptor agonists - Schrodinger (SDGR) and Centessa Pharmaceuticals (CNTA), together with subsidiary Orexia Therapeutics announced an exclusive collaboration focused on the discovery of novel therapeutics targeting the orexin-2 receptor, OX2R, which is known to play a role in a broad spectrum of sleep disorders including narcolepsy. The collaboration provides Orexia with substantial access to Schrodinger's entire computational platform as well as Schrodinger's extensive expertise in ultra-large-scale deployment of its technology. Orexia will leverage Schrodinger's computational platform, including LiveDesign and Free Energy Perturbation, FEP+, which facilitates high-performance calculations for drug discovery to enable accurate prediction of potency at the target of interest. The collaboration will be enabled by Orexia's structural biology capabilities, including the stabilized OX2R StaR protein exclusively licensed from Sosei Heptares, and high-resolution crystal structures in agonist conformation. The collaboration represents the first time Schrodinger's technology will be applied in an orexin agonist setting at scale. "While prevailing treatment approaches only address the symptoms associated with narcolepsy type 1 we believe orexin agonists offer a disruptive approach, with the capacity to address the underlying pathology of the disorder. Orexia's utilization of OX2R stabilized receptors provides the foundation for R&D which could significantly benefit patients with NT1. We look forward to partnering with Schrodinger to complement the discovery and development work we are conducting at Orexia," said Saurabh Saha, MD, PhD, Chief Executive Officer of Centessa. Under the terms of the agreement, Orexia will be responsible for preclinical research activities, clinical development and commercialization of future product candidates discovered under the collaboration. Schrodinger will receive an upfront software access payment and may become eligible to receive certain preclinical, development, regulatory and commercial milestone payments, as well as low single digit royalties on global net sales.
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IMAB | Hot Stocks08:06 EDT I-Mab's Phase 2 trial of antitumor combination approved in China - I-Mab announced that the Center for Drug Evaluation of the China National Medical Products Administration, or NMPA, has approved the IND submission for the initiation of phase 2 clinical trial of efineptakin alfa in combination with PD-1 antibody in patients with advanced solid tumors, including triple-negative breast cancer as well as head and neck cancers. Efineptakin alfa is expected to show therapeutic effect as a combination therapy with immune checkpoint inhibitors due to its inherent properties to increase T-cells that are critical for tumor suppression. Efineptakin alfa has been tested as monotherapy and in combination with checkpoint inhibitors to treat advanced solid tumors in the U.S., South Korea and China. According to the data from the NIT-110 dose-escalation study presented at ASCO 2021, the combination of efineptakin alfa and pembrolizumab is safe and well-tolerated in patients with advanced solid tumors. It significantly increased T cell numbers in both the tumor microenviroment and the peripheral blood. In addition, interim results from the phase 1 trial in high-grade gliomas unresponsive to chemoradiotherapy showed a 1.3 - 4.1 fold increase in the absolute lymphocyte count with a one-year survival rate of 83.3%. Efineptakin alfa is also being studied in another phase 2 clinical trial to evaluate its efficacy and safety in lymphopenic patients with newly diagnosed glioblastoma multiforme who have been treated with standard concurrent chemoradiotherapy. The first patient was dosed in February.
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CHEK | Hot Stocks08:05 EDT Check-Cap expands C-Scan's manufacturing capacity - Check-Cap announced the expansion of C-Scan's manufacturing capacity and on-premise production line, as well as the remediation of technical issues from a single source supplier. The significant expansion of the company's production line is intended to support its U.S. pivotal study, expected to commence towards the end of Q1 2022.
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CDXS | Hot Stocks08:05 EDT Codexis, Almelo, RC2 announce tri-party collaboration - Codexis announced a tri-party collaboration agreement with Almelo Private and RC2 Pharma Connect to license and manufacture for internal use a Codexis' proprietary enzyme used in the manufacturing process for sitagliptin, a leading API in the treatment of diabetes. Under the agreement, Almelo will be responsible for the development, scale-up, and establishment of a commercial manufacturing process for sitagliptin incorporating Codexis' proprietary enzyme technology. Upon completion, the enzyme's manufacturing will be established at Almelo's API manufacturing site to enable further cost reduction. RC2's role in the collaboration will be to leverage its relationships with global drug product partners to establish downstream supply channels for the future generic sitagliptin market. "We are delighted Almelo has embraced the opportunity to leverage Codexis' highly optimized enzyme to reduce the cost and improve the efficiency and sustainability of their sitagliptin API manufacturing," said John Nicols, President and CEO of Codexis. He added, "Almelo is a forward looking and innovation-focused company, and we are very pleased that they have committed to install the capability to self-produce the enzyme, allowing them to drive as much cost as possible from their process. Adding the expertise of RC2 enables an integrated low cost supply chain to uniquely position the partnership for success in the coming competitive generic sitagliptin marketplace. "
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CTMX | Hot Stocks08:05 EDT CytomX Therapeutics announces employment inducement grants - CytomX Therapeutics announced that on October 15, 2021, the Company granted six new employees options to purchase a total of 177,000 shares of the Company's common stock at an exercise price per share equal to $5.14, which was the closing trading price on October 15, 2021, the date of the grant. The stock options were granted pursuant to the Company's 2019 Employment Inducement Incentive Plan, which was approved by the Company's board of directors in August 2020 under Rule 5635(c)(4) of The Nasdaq Global Market for equity grants to induce new employees to enter into employment with the Company.
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AMTX | Hot Stocks08:04 EDT Aemetis appoints Timothy Simon to board of directors - Aemetis announced the appointment of Timothy Alan Simon, Esq., former Commissioner of the California Public Utilities Commission, to the Company's Board of Directors, effective October 14.
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AMZN | Hot Stocks08:03 EDT Amazon to hire 150,000 employees for seasonal jobs - Amazon announced 150,000 seasonal jobs are now available across the U.S. All Amazon jobs in the U.S., including seasonal roles, have an average starting pay of $18 per hour, sign-on bonuses up to $3,000 and an additional $3 per hour depending on shifts in many locations.
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GOLD | Hot Stocks08:03 EDT Barrick Gold sets up community development fund for Veladero - Barrick Gold Corporation's president and chief executive Mark Bristow and San Juan governor Sergio Unac signed an agreement for the establishment of a trust fund for community development projects. The fund will be financed by 1.5% of the Veladero gold mine's sales, which is estimated to amount to $138M during the current life of the mine which extends beyond 2030. Development projects will be decided upon jointly by the mine's communities, the government and Barrick. Bristow said the new trust fund represented a transformational opportunity to improve the quality of life for the communities around Veladero and was in line with Barrick's global policy of sharing the economic benefits created by its mines with all its stakeholders, and in particular with the host communities. "We're working to extend Veladero's life beyond its current horizon and a new 10-year production plan is already in place. Following the recent completion of the mine's Phase 6 heap leach facility, construction of Phase 7 will start soon, with an investment in the range of $140M. It is expected that this new facility will create 640 local jobs. Like our other operations, Veladero prioritizes the employment and training of host country nationals and 99% of its workforce are Argentine citizens with 90% from San Juan itself. We're now also focusing on increasing the recruitment of women in what has traditionally been a male-dominated industry. Fifteen of the 24 participants in Veladero's current technical training program are women and a further 17 are being trained as truck drivers," he said. In the meantime, the project to link Veladero to Chile's national power grid has been scheduled for completion this month. This will help trim the mine's greenhouse gas emissions in line with Barrick's global reduction targets of 30% by 2030 and net zero by 2050. Elsewhere in San Juan province Barrick is intensively exploring for more resources for the Pascua-Lama project, which straddles the border between Argentina and Chile. Bristow said a decision would be made in 2024 on whether Lama, which is in Argentina, met the company's investment criteria for development. Barrick's exploration teams are also evaluating a range of exciting targets along the El Indio Belt, around the Veladero JV and in Quevar in Salta province.
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ICLK | Hot Stocks08:03 EDT iClick Interactive Asia receives acquisition proposal from Infinity Equity - iClick Interactive Asia announced that on October 17, its board of directors received another unsolicited preliminary non-binding indicative offer dated October 13, from Infinity Equity Management Co. Ltd. and/or its affiliates, managed funds, co-invested entity and through special purpose vehicle to acquire all of the outstanding shares of the company for $7.50 per ADS in cash, subject to certain terms set forth in the Proposal Letter. The Board plans to evaluate the Proposed Transaction together with the previously announced unsolicited preliminary non-binding indicative offer dated September 23 from PAG Pegasus Fund LP and Oasis Management Company Ltd.
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CION | Hot Stocks08:03 EDT CION Ares Diversified Credit Fund announces closing of $300M private placement - CION Ares Diversified Credit Fund announced that on Sept. 30, 2021, it completed the final of two closings of its $300 million private placement of mandatory redeemable preferred stock. The final closing consisted of the sale of 3,600,000 Series B MRPS for gross proceeds of $90 million and 6,000,000 Series C MRPS for gross proceeds of $150 million. The initial closing of the sale of 2,400,000 Series A MRPS for gross proceeds of $60 million was completed on July 30, 2021. Net proceeds from the MRPS have been used to repay existing debt and for investment and general corporate purposes.
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SYNA | Hot Stocks08:02 EDT Synaptics announces AudioSmart AS33970 headset platform SoC - Synaptics announced its newest AudioSmart AS33970 headset platform SoC. The company said, "It's the world's first highly integrated AI-enabled ENC and hybrid ANC single-chip solution integrating neural and voice processing engines for optimal audio performance. In addition, its best-in-class power consumption enables a 35-55 percent improvement in battery life compared to currently shipping wireless headsets, as well as a significant reduction in size, design complexity, and cost, driven by its integrated architecture."
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ICLK | Hot Stocks07:56 EDT iClick Interactive Asia trading halted, news pending
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EVOL | Hot Stocks07:55 EDT Evolving Systems trading halted, news pending
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TCX | Hot Stocks07:53 EDT Tucows' Ting Internet subsidiary acquires Simply Bits - Tucows has signed a definitive agreement to acquire Simply Bits, a fixed wireless network service company based in Tucson, Arizona. This acquisition will be made through Ting Internet, a fiber internet provider in the U.S. and a subsidiary of Tucows. Ting will assume all of Simply Bits' existing infrastructure and customers, adding approximately 4,500 customers, 1,100 square miles of established fixed wireless network, and a small fiber-to-the-home footprint to Ting's portfolio. Ting will also retain Simply Bits' employees, including senior management. The acquisition is expected to close in Q4.
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STT | Hot Stocks07:52 EDT State Street reports Q3 total fee revenue up 9% - Investment Management AUM as of quarter-end increased 23% to $3.9 trillion, mainly reflecting higher market levels and net inflows from ETFs and cash, partially offset by institutional net outflows. Total expenses increased 1%. Standardized Common Equity Tier 1 of 13.5% increased 1.1% points and 2.3% points compared to 3Q20 and 2Q21, respectively. Tier 1 leverage ratio of 6.3% decreased (0.3)% compared to 3Q20, but increased 1.1% points compared to 2Q21. ROE of 11.6% increased 2.7% points compared to 3Q20, but decreased (1.0)% points compared to 2Q21.
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ARTH | Hot Stocks07:51 EDT Arch Therapeutics launches Experts in Wound Care Program - Arch Therapeutics announced that it has launched its Experts in Wound Care Program, a series of interviews with key opinion leaders dedicated to advancing wound care. The interviews will focus on important wound care topics, such as how evolving best practices can improve patient outcomes and lower overall healthcare costs and how AC5 Advanced Wound System is used during the management of chronic and acute wounds. Each event will be broadcast on the Company's Experts in Wound Care video channel and can be tracked and tweeted by followers using the hashtag: #ExpertsInWoundCare.
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COWN | Hot Stocks07:49 EDT Cowen Group appoints William Prager as head of ETF Trading - Cowen announced that William Prager has joined the Company as Managing Director and Head of ETF Trading. In this role he will oversee the continued growth of Cowen's ETF trading capabilities and platform. Mr. Prager will be based in New York and report to Kyle Solomon, Managing Director and U.S. Head of Alternative Equity Strategies and Drew Forman, Managing Director and Head of Derivatives. Prior to joining Cowen, Mr. Prager spent 13 years at Barclays Capital where he was Managing Director and Head of ETF Trading.
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MGDPF | Hot Stocks07:48 EDT Marathon Gold investing in Newfoundland & Labrador - Marathon Gold is pleased to provide an update on the ongoing project development activities at the Valentine Gold Project in central Newfoundland, with a specific focus on employment and procurement within the province of Newfoundland and Labrador. Marathon's April 2021 Feasibility Study for the Project demonstrates robust economics for a conventional open pit mining and milling operation with a C$305 million initial capital cost. Over a projected 17 years of construction, operations, and closure, annual direct employment is expected to reach over 400 persons, with substantial economic spin-offs and indirect employment based on estimated operating and sustaining capital expenditures of over C$2 billion. An Environmental Assessment with federal and provincial regulators is ongoing, based on an Environmental Impact Statement filed in September 2020. Two rounds of technical information requests based on the EIS have been completed with the Impact Assessment Agency of Canada and responses provided to comments received from the NL Environmental Assessment Committee. An NL Benefits Agreement, containing a Human Resources Plan and a Gender Equity, Diversity and Inclusion Plan, and establishing commitments for NL employment and procurement, and economic opportunities for under-represented groups, is expected to be finalized shortly. Cooperation Agreements have been concluded with the six central Newfoundland communities located closest to the Project, identifying the interests of each community in employment, business opportunities, community investment, and environmental protection. A Socio-Economic Agreement has been completed with Qalipu First Nation, addressing matters such as access to employment and contracting opportunities, education and training, environmental stewardship and monitoring, and community investment. A Memorandum of Understanding with Miawpukek First Nation has been entered into, providing guidance for ongoing engagement, the completion of a Traditional Knowledge and Traditional Land and Resource Use Study, and the negotiation of an SEA. An assessment of the Project's acceptability, along with any conditions of release from the EA, will be made by each governmental regulator. In the case of the province, conclusion of the EA takes the form of a recommendation made by the Environmental Assessment Division of the Department of Environment and Climate Change for the Minister's acceptance, who then issues a request for Cabinet approval. A parallel process occurs at the federal level. Activity-specific construction permits can be obtained from the relevant regulatory departments once the EA process has concluded. The timeline for EA release remains subject to any additional requests for information or extensions of the technical review period. On the basis that EA release will be achieved within the fourth quarter of this year, Marathon is pursuing team development, procurement, and detailed engineering with a view to receiving sufficient permits and commencing site construction activities early in 2022. Highlights of this work are as follows: Employment. 154 persons are currently employed or contracted to Marathon and/or the Project on a full-time basis, of which 86% are residents of NL and 22% are residents of the Project's six closest communities of Millertown, Buchans, Buchans Junction, Badger, Grand Falls-Windsor and Bishop's Falls. Procurement. Construction packages valued at C$118 million have been awarded in the areas of mobile mining equipment, drilling equipment, earthworks, camp accommodations, camp services, bridge repair, security, and tree cutting. Of these packages, Newfoundland and Labrador sourced goods and services comprise 55% of the total by value, or 88% when the value of mobile mining and drilling equipment manufactured outside NL is excluded. Procurement is ongoing in the areas of fuel supply and storage, power supply, tire supply, crushing and screening, operational readiness, medical services, communications, explosive supply, recruitment services, and waste management. Detailed Engineering. A control budget and schedule for baselining project construction progress will be completed by year-end, at which point detailed engineering progress is forecast to reach approximately 40%. Design work is ongoing under the supervision of Marathon's project execution team in the areas of tailings facility design, site water management, site geotechnical investigation, pit geotechnical and hydrogeological investigations, and powerline design. Detailed engineering for the Project's mill and major facilities is being undertaken by Ausenco Engineering Canada Inc. under an MOU for a fixed-price Engineering, Procurement and Construction contract to be finalized later this year. The EPC contract is expected to cover approximately 50% of the scope of the Project. Current Site Activities. In addition to Marathon's ongoing exploration programs, current site activities comprise continuing environmental baseline studies, ongoing geotechnical and hydrological investigation, and seasonal road maintenance. A permanent camp of 420 beds has been acquired and is currently enroute to a staging area in the community of Badger where it will undergo refurbishment prior to delivery to the site once approvals are received. Camp capacity is currently limited to 64 persons.
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GPL | Hot Stocks07:46 EDT Great Panther Mining provides operational update for Tucano Gold Mine - Great Panther Mining reports that Tucano's geotechnical committee has advised the company that additional remediation work is required on the Urucum Central South open pit to improve safety factors. Mining of ore from UCS has been temporarily suspended and measures are being taken to ensure the wellbeing of workers. Additional waste material needs to be removed and work has commenced on a new pushback. Initial estimates indicate that this additional work will take six to eight weeks to complete. The company is considering alternatives to accelerate production from other areas at Tucano, but expects consolidated production guidance to be lower than anticipated and costs to be higher than anticipated as a result of the required work. The company estimates the 1,000 ton per day underground mine could yield 40,000-50,000 gold ounces per year. The company is expediting studies to support a decision to initiate underground production to supplement the open pit feed to the mill.
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VHIBF | Hot Stocks07:45 EDT Vitalhub says NHSX approves Synopis Blueprint as expample of best practice - VitalHub is pleased to announce that the NHSX Blueprint recording of Synopsis has been approved at the national level and uploaded to the FutureNHS platform as an example of best practices in NHS digital transformation. The NHSX Blueprint, titled "Launching a digital pre-operative pathway to improve efficiency and maximize theatre usage at Worcestershire Acute Hospitals NHS Trust" is now available on the FutureNHS platform.
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ORZCF IAG | Hot Stocks07:44 EDT Orezone Gold announces closing of Bombore Project financing package - Orezone Gold Corporation is pleased to announce that on October 15, 2021, it entered into definitive documents with respect to its previously announced Senior Debt Facility, Convertible Note Facility, and Silver Stream Agreement. The Company has closed each of the Convertible Note Facility and the Silver Stream Agreement and anticipates making its first drawdown under the Senior Debt Facility at the end of 2021 following satisfaction of customary conditions precedent. The Project Financing Package for the Bombore Gold Mine construction consists of: ~$95 million senior secured debt facility with Coris Bank International with annual interest rates of 8.0% and 9.0%. $35 million 8.5% convertible debentures issued to Resource Capital Fund VII L.P. and Beedie Investments Ltd. Silver stream agreement with Euro Ressources to sell 50% of the future silver production from the Bombore Gold Mine for an upfront cash payment of $7.15 million.
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GILD | Hot Stocks07:43 EDT FDA approves low dosage of Biktarvy for pediatric patients for HIV-1 treatment - Gilead Sciences announced the U.S. Food and Drug Administration approved a new low-dose tablet dosage form of Biktarvy or bictegravir 30 mg/emtricitabine 120 mg/tenofovir alafenamide 15 mg tablets for pediatric patients weighing at least 14 kg to less than 25 kg who are virologically suppressed or new to antiretroviral therapy. The approval of this supplemental New Drug Application, sNDA, expands the indication for Biktarvy to include younger children living with HIV-1 infection and will help to close the gap between HIV treatment options available for adults and children. "Children living with HIV are in need of effective and accessible formulations of antiretroviral therapy," said Merdad Parsey, MD, PhD, Chief Medical Officer, Gilead Sciences. "To address this unmet need, innovations in pediatric formulations must strive towards expanding treatment options for children. The sNDA approval is an important step in fulfilling Gilead's commitment to a goal of bringing pediatric formulations of Biktarvy to children living with HIV around the world." The approval of Biktarvy for children weighing at least 14 kg is based on data from Cohort 3 of a Phase 2/3 open-label, single-arm study , which found Biktarvy low-dose tablets to be effective and generally well-tolerated through 24 weeks in virologically suppressed children living with HIV-1. Cohort 3 enrolled 22 participants weighing greater than or equal to14 to less than25 kg who continued on treatment for 48 weeks and could then continue to receive study drug through an extension phase. After switching to Biktarvy, 91% of participants remained virologically suppressed at Week 24, and the mean change in CD4 % from baseline was 0.2%. HIV-1 RNA was not collected at Week 24 for two participants because of COVID-19 pandemic-related study disruption. In pediatric studies, no new adverse reactions or laboratory abnormalities were identified compared to those observed in adults. Biktarvy does not cure HIV or AIDS.
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CBWTF | Hot Stocks07:42 EDT Auxly Cannabis says it ends Q3 in #6 licensed producer position in Canada - The company said, "Auxly Cannabis Group is pleased to announce that the Company has moved to the #6 LP position in Canada for total cannabis sales as of the end of Q3 2021 after continuing to win with Canadian consumers and gaining market share through its expanded, high-quality, and innovative portfolio of branded cannabis products. After the successful launch of new product offerings during the third quarter of 2021, such as the introduction of the Back Forty 40s pre-rolls and differentiated dried flower offerings, Auxly secured 5.7% share of the total cannabis market in Q3 2021, up from 4.9% in Q2 2021, ending the quarter with 6.4% share of market in September...In addition to overall growth and expanded presence in the dried flower segment, Auxly also continues to hold the #1 LP position in Canada for Cannabis 2.0 product sales with 15.6% market share in Q3 2021. Powered by a 24.7% share of the vapour market - the largest of any Canadian LP by a significant marginii - the Company's organic growth in each of the Cannabis 2.0 categories it participates in is a testament to the quality and efficacy of its product suite that Canadian consumers have come to rely on. As the Canadian cannabis market continues to become more competitive, Auxly is outperforming many of its peers in generating sales and share of market growth by remaining focused on executing its targeted expansion into new product categories and building deeper connections with consumers through its popular brands: Kolab Project, Back Forty, Foray and Dosecann. As Auxly enters the fourth quarter of the year, the Company looks forward to achieving its 7-9% share of market goal and achieving adjusted EBITDA positive by the end of the year."
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NFYEF | Hot Stocks07:41 EDT NFI Group receives order for six zero-emission Xcelsior CHARE NG transit buses - NFI Group announced that its subsidiary New Flyer of America has received an order from the Culver City Transportation Department for six zero-emission battery-electric Xcelsior CHARGE NG 40-foot transit buses. Culver CityBus provides public transit in Culver City, California, delivering over 5 million annual passenger trips. The order evolves its fleet toward zero-emission propulsion and pursues fulfillment of the California Air Resources Board's Innovative Clean Transit regulation, which mandates transition to 100% zero-emission bus fleets by 2040. "NFI's leadership of zero-emission vehicles in North America is unrivalled. With this order from Culver CityBus, we continue expanding our EV presence in California," said Paul Soubry, President and Chief Executive Officer, NFI. "Since 1998, NFI has delivered nearly 100 buses to Culver CityBus. With these new electric buses, the agency immediately reduces greenhouse gas emissions while experiencing 13% longer range and up to 90% better energy recovery." New Flyer's Xcelsior CHARGE NG battery-electric buses provide up to 525kWh of power and 250 miles of range on a single charge, and over a 12-year lifespan, can deliver up to $125,000 in maintenance and $400,000 in fuel savings.
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RVLGF | Hot Stocks07:39 EDT Revival Gold completes drill program, provides exploration update - Revival Gold announces the completion of its 2021 drilling program at the Beartrack-Arnett Gold Project located in Idaho, USA. During the year, Revival Gold drilled 20 core holes for a total of 4,900 meters. Initial drill results released in August and in September confirmed the continuity of high grades within broad zones of gold mineralization in the Joss target area. Joss extends over a strike of 1 km, has been drilled to a depth of about 500 meters and is open to the north, south and at depth. BT21-237D intersected 11.79 g/t gold over 2.5 meters and 5.36 g/t gold over 5.8 meters within 84.6 meters at 2.67 g/t gold; BT21-238D intersected 6.79 g/t gold over 6.0 meters and 12.6 g/t gold over 1.2 meters within 2.84 g/t gold over 50.0 meters. Beyond the 1 km of known mineralized strike at Joss, BT21-239DB collared approximately 400-meters south of the southern-most drillhole in the area, intersected a zone of fracture-controlled sericite alteration. Geochemical analysis confirmed the presence of weakly anomalous gold and arsenic values before the hole encountered an unexpected post-mineral fault that may have displaced the continuation of Joss mineralization in this area. While the direction and amount of displacement is unknown at this time, this is an encouraging result that suggests mineralization may extend beyond current drilling. Wrapping up the Joss program this year, Revival Gold completed drill hole BT21-240D to test continuity of gold mineralization between BT-237D and BT-238D. BT21-240D intersected the intended structure. Assay results are pending. In the Haidee target area, Revival Gold completed a total of fifteen engineering, infill and exploration core holes in the near surface, oxide material. Four of the holes were drilled for geotechnical and hydrological purposes. These holes will help guide pit slope parameters and provide necessary ground water data in preparation for next year's first phase heap leach Pre-Feasibility Study. The remaining drill holes at Haidee this year were targeted to upgrade and potentially expand on the resource at Haidee. The deposit remains open in all directions. Follow-up drilling to test the four km diameter target area that surrounds current mineral resources at Haidee, is currently in the permitting process for 2022. 2021 Haidee assay results are pending.
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IMCR | Hot Stocks07:39 EDT Immunocore, Medison Pharma partner for commercialization of Tebentafusp - Immunocore and Medison Pharma announced an exclusive multi-regional agreement for Medison to help seek regulatory authorization and commercialize Immunocore's tebentafusp, for the treatment of patients with metastatic uveal melanoma, in Canada, twenty markets across Central Eastern Europe and Israel. "We are delighted to partner with Immunocore in 22 markets to accelerate the global reach of this breakthrough treatment for metastatic uveal melanoma", said Meir Jakobsohn, Founder and CEO of Medison Pharma. "In our joint commitment to help treat patients suffering from the most challenging diseases, we look forward to leveraging our commercial platform and providing patients in international markets with access to this much needed therapy." Tebentafusp has been granted Priority Review; Real Time Oncology Review; Breakthrough Therapy designation; Fast Track designation; and orphan drug designation by the U.S. Food and Drug Administration in the United States; orphan drug status in the European Union; and Promising Innovative Medicine designation under the UK Early Access to Medicines Scheme for metastatic uveal melanoma. Tebentafusp has also been granted accelerated assessment by the European Medicine Agency's Committee for Medicinal Products for Human Use. Immunocore's biologics license application for approval of tebentafusp for the treatment of HLA-A*02:01-positive adult patients with metastatic uveal melanoma was recently accepted by the FDA. In addition, EMA's CHMP has accepted Immunocore's Marketing Authorisation Application.
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SBGI | Hot Stocks07:39 EDT Sinclair Broadcast announces cybersecurity incident - Sinclair Broadcast provided information on a recent cybersecurity incident. On October 16, the company identified and began to investigate and take steps to contain a potential security incident. On October 17, the company identified that certain servers and workstations in its environment were encrypted with ransomware, and that certain office and operational networks were disrupted. Data also was taken from the company's network. The company is working to determine what information the data contained and will take other actions as appropriate based on its review. Promptly upon detection of the security event, senior management was notified, and the company implemented its incident response plan, took measures to contain the incident, and launched an investigation. Legal counsel, a cybersecurity forensic firm, and other incident response professionals were engaged. The company also notified law enforcement and other governmental agencies. The forensic investigation remains ongoing. While the company is focused on actively managing this security event, the event has caused - and may continue to cause - disruption to parts of the company's business, including certain aspects of its provision of local advertisements by its local broadcast stations on behalf of its customers. The company is working diligently to restore operations quickly and securely. As the company is in the early stages of its investigation and assessment of the security event, the company cannot determine at this time whether or not such event will have a material impact on its business, operations or financial results. As the company conducts its investigation, it will look for opportunities to enhance its existing security measures.
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AMAT | Hot Stocks07:38 EDT Applied Materials unveils eBeam metrology system - Applied Materials unveiled a unique eBeam metrology system that enables a new playbook for patterning control based on massive on-device, across-wafer and through-layer measurements. The company said, "Advanced chips are built one layer at a time, and each of billions of individual features must be perfectly patterned and aligned to create working transistors and interconnects with optimal electrical characteristics. As the industry increasingly moves from simple 2D designs to more aggressive multipatterning and 3D designs, a commensurate breakthrough in metrology is needed to perfect each critical layer and enable the best performance, power, area-cost and time to market...With the arrival of new eBeam system technology that can directly measure semiconductor device structures across the wafer and through layers at high speed, customers are moving to a new patterning control playbook based on big data. Applied's latest eBeam metrology innovation - the PROVision 3E system - is especially designed for this new playbook."
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VRTX | Hot Stocks07:37 EDT Vertex announces data on 1st type 1 diabetes patient dosed in VX-880 trial - Vertex Pharmaceuticals announced positive Day 90 data for the first patient from the Phase 1/2 clinical trial of VX-880, an investigational stem cell-derived, fully differentiated pancreatic islet cell replacement therapy for people with type 1 diabetes . This is the first demonstration of a patient with T1D achieving robust restoration of islet cell function from such a cell therapy. The patient was treated with a single infusion of VX-880 at half the target dose in conjunction with immunosuppressive therapy. The patient achieved successful engraftment and demonstrated rapid and robust improvements in multiple measures, including increases in fasting and stimulated C-peptide, improvements in glycemic control, including HbA1c, and decreases in exogenous insulin requirement. VX-880 was generally well tolerated. "These results from the first patient treated with VX-880 are unprecedented. What makes these results truly remarkable is that they were achieved with treatment at half the target dose," said Bastiano Sanna, Ph.D., Executive Vice President and Chief of Cell and Genetic Therapies at Vertex. "While still early, these results support the continued progression of our VX-880 clinical studies, as well as future studies using our encapsulated islet cells, which hold the potential to be used without the need for immunosuppression."
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KURA ATNX | Hot Stocks07:37 EDT Kura Oncology appoints Teresa Blair as Chief Legal Officer - Kura Oncology (KURA) announced the appointment of Teresa Bair as Chief Legal Officer and Corporate Secretary. Bair joins Kura with more than 25 years of combined in-house and law firm experience, most recently as General Counsel at Athenex (ATNX). She played a role in leading the organization through its evolution from a private, preclinical-stage company to a global, publicly traded biopharmaceutical company, directly contributing to multiple NDA filings and an FDA approval.
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RWBYF | Hot Stocks07:36 EDT Red White & Bloom Brands completes Platinum Vape management transition - Red White & Bloom Brands has completed an agreement for the transition of the management at its Platinum Vape acquisition and group of companies, settled all additional PV acquisition purchase price consideration, and redeemed $5M of convertible debentures that were previously convertible at 57c per share. The company said, "Strong demand in Michigan and California is outpacing supply of RWB's award-winning PV brands. RWB, through its licensing agreement in Michigan, expects to see an increase in production to over 450,000 PV vape carts per month in November and has made expansion of the PV brand a top priority." RWB's new management appointments include: Shea Alderete and Joaquin Rodriguez have been brought on board as Co-General Managers of RWB California day-to-day operations. Previously, Alderete had a professional career in baseball and recognized that there was a gap in the market for anti-inflammatory pain relief medications, which inspired him to focus on the science behind cannabis. Joaquin Rodriguez is a passionate and visionary leader with four years of direct operations experience in the cannabis industry and an additional seven years of cannabis economic market research. Craig Rosevear has been appointed RWB West US Regional Controller. Rosevear, a Certified Public Accountant, has an extensive background in finance and administration across varying industries, including gaming, manufacturing, consumer business, technology, and not-for-profit. The former owners of the Platinum Vape Group and RWB executed an agreement under which the parties have agreed to a transition plan, including their resignations as directors and officers from all RWB entities, as well as a waiving of any further consideration as it pertains to the potential earn-out that formed part of the original purchase consideration, which was previously recorded as a $7.5M liability on the company's financial statements. As part of this agreement, the Company redeemed $5M of convertible debentures that were previously convertible at 57c per share and facilitated the private purchase of $10M of convertible debentures, representing the balance of the debentures, with an arm's length institutional investor.
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ZLAB | Hot Stocks07:35 EDT Zai Lab appoints Scott Morrison to board of directors - Zai Lab announced that it has appointed Scott Morrison to its Board of Directors. Morrison will also serve as a member of the Audit Committee.
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BTCM | Hot Stocks07:35 EDT BIT Mining Limited increases investment in Ohio cryptocurrency mining site - BIT Mining Limited will increase its investment in the Ohio cryptocurrency mining data center, being jointly developed with Viking Data Centers, to add up to 65 MW of power capacity in addition to the 85MW per the original design, bringing the Ohio Mining Site's total planned power capacity up to 150MW. BIT Mining decided to increase the Ohio Mining Site's size and total power capacity based on the company's assessment of the current business and regulatory environment. The Ohio Mining Site is planned to be completed by March 2022. BIT Mining will increase its investment by approximately $11.0M, $9.8M of which will be paid in cash and the remaining $1.2M, payable to Viking Data Centers will be settled either in cash, or in the form of Class A ordinary shares, at its discretion. The company's equity interest in the Ohio Mining Site will be increased to 55%, and Viking Data Centers will hold the remaining 45%. The parties currently expect to reach these power capacity milestones by February 15, 2022 and March 31, 2022, respectively. The company has also terminated its Texas cryptocurrency mining data center cooperation with Dory Creek, and will limit power capacity at its Kazakhstan cryptocurrency mining data center to 40MW. Upon completion of the data centers in Ohio and Kazakhstan, BIT Mining expects that, by March 2022, its cryptocurrency mining machines will have access to a total power capacity of up to 190MW.
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VVOS | Hot Stocks07:34 EDT Vivos Therapeutics, Candid announce strategic collaboration - Vivos Therapeutics and Candid Care announced a new collaboration that will seek to provide patients with a comprehensive, whole-mouth solution to diagnose and treat OSA in adult patients and provide orthodontic treatment from the same provider network. At the core of this collaboration, Vivos and Candid will market each company's products and areas of expertise to deliver a comprehensive sleep and oral health solution to patients in the United States and Canada. The focus of the collaboration will be Candid's CandidPro clear aligner for straightening teeth and the Vivos System for treating OSA. The two companies will also share educational resources, training, and key opinion leaders to bridge the gap between airway health and orthodontic therapy. "By teaming with Candid, we are aiming to provide patients with access not only to our highly effective Vivos System, but also simultaneous access to CandidPro's novel orthodontic treatment. We believe the Vivos-Candid collaboration will provide for the first solution that seamlessly integrates sleep and orthodontic therapy to create better patient outcomes for treating OSA and enhance overall health and wellness across the board." said Kirk Huntsman, Vivos Chairman and CEO. "We are hopeful that this joint effort will increase market penetration and accelerate revenue growth for both companies as we each attract and expand our respective North American dental and healthcare networks." Additionally, under the terms of the agreement, Vivos and Candid will join forces to explore new research and development opportunities for device development and other alliances related to orthodontics, OSA, and snoring. Candid will also conduct specialized training sessions at the Vivos Institute, the Company's new state-of-the-art international training center in Denver, Colorado, as well as semi-annual seminars for both dentists and medical doctors to provide additional learning opportunities. The parties will act on a non-exclusive basis, although during the term of the agreement, Candid's aligners will become the official clear aligner of Vivos and Vivos' oral devices and proprietary protocols will become the official sleep therapy program of Candid.
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SRGXF | Hot Stocks07:33 EDT Surge Copper announces grant of stock options to new directors - Surge Copper announces that the board has approved the grant of 800,000 options to new incoming directors elected at the Company's Annual General Meeting on September 22, 2021. The options have been granted pursuant to the Company's option plan, have an exercise price of $0.42 per share, and expire five years from the date of grant.
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ADMP | Hot Stocks07:32 EDT Adamis Pharmaceuticals receives FDA approval for ZIMHI - Adamis Pharmaceuticals announced that the U.S. Food and Drug Administration has approved Adamis' ZIMHI 5 mg/0.5 mL product. ZIMHI is a high-dose naloxone injection product FDA-approved for use in the treatment of opioid overdose. Naloxone is an opioid antagonist and is generally considered the drug of choice for immediate administration for opioid overdose. Dr. Dennis Carlo, President and CEO of Adamis, stated, "We are very excited by this approval and are working with our commercial partner, US WorldMeds, to make this much-needed, lifesaving product readily available to the market. ZIMHI provides the highest systemic levels of naloxone compared to any of the nasal or intramuscular products currently available."
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PHAT | Hot Stocks07:30 EDT Phathom Pharmaceuticals trading resumes
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DIIBF | Hot Stocks07:29 EDT Dorel Industries announces equipment investments, acquisition of Notio Living - Dorel Industries announced both an extensive equipment investment at three of its Dorel Home North American factories as well as the purchase of Notio Living, an ecommerce home furnishings firm based in Holstebro, Denmark. The equipment improvements, to facilitate production flexibility, will be at the two ready-to assemble furniture Ameriwood plants in Tiffin, Ohio and Cornwall, Ontario, as well as at Dorel Home Products in Montreal, Quebec. The upgrades which total approximately $10.0 million across Dorel Home's North American manufacturing base will bring back some production from Asia, helping to offset the industry-wide supply chain issues and will better position the segment for growth with value added innovative new products. Dorel Home has long been a major player in the mattress business, known for its lines of futon and baby crib mattresses as well as its award-winning Signature Sleep imported mattresses. The new machinery at the DHP facility in Montreal will permit the expansion into coiled spring mattresses, previously imported from Asia. The new machinery at all facilities should be up and running by the first quarter of 2022. Dorel Home is also buying Danish-based Notio Living for approximately US$19.0 million. The company, which markets thousands of products sourced from around the world, has been in the home furnishings business for 25 years and operates throughout Europe with a strong presence in the ecommerce market. The transaction is subject to customary regulatory approvals and is expected to close later this year.
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MYGN DGX | Hot Stocks07:28 EDT Myriad Genetics names Pamela Wong as Chief Legal Officer - Myriad Genetics (MYGN) announced the appointment of Pamela Wong as its new Chief Legal Officer. In her role, she is responsible for leading the company's legal function, including support and counsel for all legal affairs, intellectual property, patent protection, mergers and acquisitions, litigation, regulatory and quality assurance, compliance, and government affairs. Wong will report directly to Paul Diaz, president and CEO of Myriad Genetics. Prior to joining Myriad Genetics, Wong spent 14 years with Quest Diagnostics (DGX), most recently as its Assistant General Counsel.
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ACI | Hot Stocks07:27 EDT Albertsons increases quarterly dividend 20% to 12c per share - Albertsons announced that its board of directors has declared a 20% increase in the quarterly dividend on its common stock, from 10c per share to 12c per share. At the new rate, the dividend on an annualized basis will be 48c per share compared to the previous rate of 40c per share. The next quarterly dividend of 12c per share of common stock will be paid on November 12 to stockholders of record as of the close of business on October 29.
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JUSHF | Hot Stocks07:27 EDT Jushi Holdings CFO Kimberly Bambach steps down, Ed Kremer to succeed - Jushi Holdings announced the appointment of Edward Kremer as the Company's CFO. Kremer most recently served as Chief Operating and Restructuring Officer of Le Tote and Lord & Taylor, overseeing the organization's M&A and restructuring efforts. In his new role, Mr. Kremer will report to Jushi's CEO, Chairman and Founder Jim Cacioppo, and be responsible for overseeing the Company's accounting and finance departments, while leading financial strategies and acting as a key business partner to the senior leadership team. Jushi will seek regulatory approval, as necessary, to effectuate Mr. Kremer's role and responsibilities in the various jurisdictions where Jushi is, or will become, licensed as a cannabis operator. Jushi also announced that Kimberly Bambach has stepped down from her role as CFO effective immediately. Ms. Bambach will remain with the Company in a support role through December 1, 2021, and as a consultant to the Company for an additional four months to ensure a continued smooth transition.
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GILT | Hot Stocks07:26 EDT Gilat Satellite expands 4G network with Tier-1 mobile operator in North America - Gilat Satellite Networks announced expansion of the 4G network of a Tier-1 Mobile Network Operator in North America for disaster recovery and ongoing operational business needs. The satellite-based solutions for disaster recovery are widely needed to mitigate the breakdown of terrestrial infrastructure and restore 4G connectivity. The Tier-1 MNO successfully deployed these solutions during the recent weather and climate disastrous events including hurricanes, wildfires, tornadoes and floods. In addition, Gilat provides solutions for managed satellite capacity and deployment services. "With the increased natural disasters worldwide, Gilat developed multiple solutions for disaster recovery that provide communication for emergency response at times when it is needed most," said Michal Aharonov, Chief Commercial Officer at Gilat. "Gilat is proud to support Mobile Network Operators in the US and worldwide in their mission to deal with critical situations when they happen, as well as to provide them with an assortment of additional services."
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VS | Hot Stocks07:26 EDT Versus Systems reaches 10M viewers since July, approaching 1M a week - Versus Systems announced that it has reached a significant milestone in fan engagement since the acquisition of Xcite Interactive in June. Versus has now surpassed 10M viewers across all platforms since July 1, 2021 and is approaching 1M viewers per week since the beginning of October. In the last 100 days, Versus-enabled content has been viewed at over 500 events around the world, including in-venue at multiple stadiums, arenas, and live events. Dozens of NFL, NCAA, NHL, MLB, and MLS games have been powered by Versus fan engagement tools. Versus has also powered fan engagement for events such as live cricket matches in the UK, rodeos in the US, and baseball games in Japan. Moreover, Versus-enabled video game experiences can also be played on HP Omen and Pavilion desktop and laptop computers in the US, China, India, the UK, and Mexico. "Our goal is to make everything we work with more fun. We believe that things like interactivity, earned rewards, and quality, contextual second-screen content can make even the best entertainment experiences better - whether it's your favorite team, your favorite game or your favorite show. The kind of viewership numbers that we are seeing now, and the growth of our audience over the last few months, is very exciting - not just for the company, but for the future as we seek to add more teams, more leagues, and more venues - and also more brands and agencies that are hoping to reach these extremely engaged audiences all over the world," said Matthew Pierce, founder and CEO of Versus Systems. With the recent acquisition of Xcite Interactive and the growth from one industry-leading partner to over 60 teams and content partners worldwide, Versus has grown its user base significantly over the last 100 days. Versus has also grown its product offerings, from a historic focus on professional services like bespoke software development and industry-leading live event production, to now offering licensed software and advertising as the fastest-growing parts of its product and service lines. While Versus' professional services continues to grow with new partnerships, the software licensing and subscriptions as well as the advertising revenue sharing will be a significant focus for the company going forward.
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ASLN | Hot Stocks07:25 EDT Aslan announces KOL event to discuss atopic dermatitis, ASLAN004 - ASLAN Pharmaceuticals announced it will host the first in a series of Key Opinion Leader events on the emerging atopic dermatitis treatment landscape, and a review of the recently announced, topline data from its randomized, double-blind, placebo-controlled, 8-week, multiple-ascending-dose Phase 1 study of ASLAN004 for the treatment of moderate-to-severe atopic dermatitis. ASLAN004 is a potential first-in-class monoclonal antibody that targets the IL-13 receptor that has the potential for a differentiated profile in terms of convenience, safety and efficacy. Dr Jonathan Silverberg, MD PhD MPH, will be the first to speak at the series on Monday, October 25, 2021, at 10:00am ET. ASLAN's A4 Series: Aspects of Atopic Dermatitis and ASLAN004 will feature additional thought leaders in the subsequent months to discuss the evolving atopic dermatitis landscape.
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PHAT | Hot Stocks07:24 EDT Phathom says vonoprazan met primary endpoints in PHALCON-EE Phase 3 trial - Phathom Pharmaceuticals announced that vonoprazan met its primary endpoints and key secondary superiority endpoints in PHALCON-EE, a pivotal phase 3 trial evaluating vonoprazan versus lansoprazole for the treatment of erosive esophagitis. Based on the positive PHALCON-EE data, Phathom plans to submit an NDA to the U.S. Food and Drug Administration seeking the following indications: healing of all grades of EE and relief of heartburn, and maintenance of healing of all grades of EE and relief of heartburn. PHALCON-EE was a trial with two phases. In the first phase, vonoprazan 20 mg was compared to lansoprazole 30 mg in the healing of EE after up to 8 weeks of treatment. In the Healing Phase, patients were assessed via endoscopy to determine complete healing following 2 weeks of treatment and, if complete healing was not achieved, a second endoscopy occurred at 8 weeks of treatment. Patients who achieved complete healing were re-randomized into the second phase of the trial, where vonoprazan 10 mg and 20 mg were compared to lansoprazole 15 mg to assess maintenance of healing via endoscopy following 24 weeks of treatment. Heartburn symptom relief was assessed via secondary endpoints in both the Healing and Maintenance Phases of the study based on twice daily e-diary data collection. The primary endpoint of the Healing Phase was non-inferiority of vonoprazan 20 mg compared to lansoprazole 30 mg in the percentage of all patients who have complete healing of EE by Week 8. Vonoprazan met the Healing Phase primary endpoint with a healing rate of 93% compared to 85% for lansoprazole. In a preplanned exploratory superiority test, the difference between vonoprazan and lansoprazole was also significant. Vonoprazan met the secondary superiority endpoint of healing in patients with moderate-to-severe disease at Week 2, demonstrating significantly faster healing than lansoprazole. Vonoprazan 20 mg was also compared to lansoprazole 30 mg in a superiority test for onset of sustained resolution of heartburn by day 3 but did not achieve statistical significance. In additional secondary endpoint superiority comparisons, vonoprazan 20 mg healing rates were numerically greater than lansoprazole 30 mg in all patients at Week 2 and in moderate-to-severe patients2 by Week 8 although deemed nominally significant due to the sequential testing method. Vonoprazan also met the secondary endpoint of showing non-inferiority to lansoprazole 30 mg in the mean percentage of 24-hour heartburn free days over the healing period. Vonoprazan met the primary and all secondary endpoints in the Maintenance Phase. The primary endpoint of the Maintenance Phase was non-inferiority of vonoprazan 10 mg and 20 mg compared to lansoprazole 15 mg in the percentage of all patients who maintained healing of EE through Week 24. Both vonoprazan doses met the Maintenance Phase primary endpoint of non-inferiority while also meeting the secondary comparison demonstrating superiority of maintenance of healing versus lansoprazole. Both vonoprazan doses also met the secondary endpoint of demonstrating superiority of the percentage of patients with moderate-to-severe disease4 who maintained healing of EE through Week 24. Additionally, both vonoprazan doses also met the secondary endpoint of showing non-inferiority to lansoprazole 15 mg in the mean percentage of 24-hour heartburn free days over the maintenance period. Overall, the safety results for vonoprazan observed in PHALCON-EE were consistent with the results observed in prior clinical studies. The most common reported adverse event in the Healing Phase was diarrhea. The most commonly reported adverse events in the Maintenance Phase were COVID-19 infection, gastritis, and abdominal pain. Frequency of serious adverse events in the Healing Phase were the same between vonoprazan 20 mg and lansoprazole 30 mg at 0.6%. In the Maintenance Phase, SAEs were reported in 4.7% of patients for vonoprazan 20 mg, 3.4% for vonoprazan 10 mg and 2.4% for lansoprazole 15 mg. COVID-19 infection was the only SAE reported in more than one patient per group. There were 7 COVID-19 SAEs across both phases of the study. Two deaths occurred among the reported COVID-19 SAE cases. None of the COVID-19 SAEs were deemed related to the study drug by the investigator. Phathom plans to present the full results from the PHALCON-EE study at a medical meeting next year and submit them for publication in a peer-reviewed journal. The positive PHALCON-EE data provides Phathom with access to an additional $50 million from its term loan facility with Hercules Capital. As of September 30, 2021, Phathom had approximately $225 million in available cash and cash equivalents, exclusive of the additional $50 million available from the term loan facility.
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AAON | Hot Stocks07:24 EDT Aaon releases 2020 Sustainability ESG report - AAON released its 2020 Sustainability ESG Report. In the report, the company highlights sustainability practices, achievements, as well as long-term targets. Highlights for the year 2020 include: led the industry in offering of virus mitigating equipment and solutions; expedited equipment for emergency pandemic-related temporary hospitals; invested 3.4% of sales in research and development, to help maintain its leadership in high-performance, energy efficient HVAC equipment; decreased the company's energy intensity and water consumption by 4% and 2.7%, respectively; recycled 19% more metals and diverted 16% more waste to a waste-to-energy facility; set environmental long-term targets, including a goal of 80% of equipment sales made up of non-fossil fuel consuming units by 2030; improved workplace health and safety, achieving a 30% decrease in Total Recordable Incident Rate; and continued to work on advancing a workplace culture of inclusion and diversity. "I am extremely proud of how our company performed in 2020, a truly unprecedented year with many challenges related to the COVID-19 pandemic," said Gary Fields, President and CEO. "I am most proud of how we adapted quickly to help communities by providing virus mitigating HVAC solutions as well as equipment for temporary hospitals, all while managing a safe manufacturing environment to help protect our employees. In the midst of all the challenges, we continued to advance our leadership in sustainability. We invested aggressively in R&D to help advance our industry-leading position as the manufacturer of the most energy efficient packaged rooftop units in North America. We also continue to focus on other products and technologies such as heat pumps to help our customers reduce carbon emissions. In addition, we took measures to help reduce our own carbon footprint. Finally, we continue to strive for gender parity and a diverse workforce reflective of our communities."
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APLT | Hot Stocks07:21 EDT Applied Therapeutics reports additional data from ACTION-Galactosemia Kids study - Applied Therapeutics reported additional biomarker data from the pediatric ACTION-Galactosemia Kids study. As previously announced, a pharmacokinetic analysis of AT-007 plasma drug levels at day 30 revealed that pediatric dosing could be further optimized by adjusting dose based on weight rather than age. As such, weight-based dosing brackets were implemented, and a subset of pediatric patients were dose-adjusted for an additional 30 days. A new data analysis was performed on galactitol reduction across the study, including data from children who received a dose adjustment. AT-007 substantially reduced plasma galactitol by approximately 40%, which was statistically significant vs. placebo. Reduction in plasma galactitol was rapid and sustained, with no impact on levels of galactose or Gal-1p, and was similar across dose groups. AT-007 was safe and well tolerated in children of all ages. The Company plans to submit a New Drug Application to the U.S. Food and Drug Administration in Q4 of this year. As previously announced, an analysis of the 47 children in the ACTION-Galactosemia Kids study demonstrated a clear correlation between baseline galactitol level and baseline clinical functional outcomes. Children with higher plasma galactitol levels displayed greater disease severity vs. children with lower plasma galactitol levels at baseline. This data will be presented as a late-breaking abstract at the 14th International Congress on Inborn Errors of Metabolism November 21-24, 2021. "We have demonstrated that toxic galactitol drives disease progression and greatly impacts quality of life in Galactosemia patients," said Riccardo Perfetti, MD, PhD, Chief Medical Officer of Applied Therapeutics. "Here we have shown that AT-007 significantly reduces galactitol levels, which we believe could transform the lives of children and adults living with this disease. We are sincerely thankful to all of the families participating in the ACTION-Galactosemia clinical program, who have made this study possible."
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CXBMF | Hot Stocks07:20 EDT Calibre Mining appoints Tom Gallo as SVP, growth - Calibre Mining announced the appointment of Thomas Gallo as Senior Vice President, Growth effective immediately. Most recently Mr. Gallo was Vice President Equity Research at Canaccord Genuity where he covered high quality mining companies in the precious metal sector.
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PSEC | Hot Stocks07:20 EDT Prospect Capital announces results of cash tender offer - Prospect Capital Corporation announced the results of its previously announced cash tender offer to purchase any and all of the outstanding notes listed below. The Tender Offer was made pursuant to an Offer to Purchase dated October 8, 2021 which set forth the terms and conditions of the Tender Offer. As of the previously announced expiration time of 5:00 p.m., New York City time, on October 15, 2021 according to information provided by D.F. King & Co., Inc., the information and tender agent for the Tender Offer, a total of $149,000 aggregate principal amount of Notes had been validly tendered and not validly withdrawn in the Tender Offer. This amount includes $0 tendered pursuant to the guaranteed delivery procedures described in the Offer to Purchase and notice of guaranteed delivery, dated October 8, 2021, which remains subject to the holders' performance of the delivery requirements under such procedures. Withdrawal rights for the Notes expired at 5:00 p.m., New York City time, on October 15, 2021. The consideration to be paid for the Eligible Notes is $1,077.50 for each $1,000 principal amount of Eligible Notes, plus accrued and unpaid interest on the Eligible Notes, if any, from the applicable last interest payment date up to, but not including, the settlement date, which date is expected to be October 20, 2021.
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STXS | Hot Stocks07:19 EDT Stereotaxis announces installation of Genesis Robotic technology in South Europe - Stereotaxis announced installation of its Genesis Robotic Magnetic Navigation system at Princess Grace Hospital Center in Monaco, a center of research and training for the treatment of cardiac arrhythmias. Robotic Magnetic Navigation introduces the benefits of robotic precision and safety to cardiac ablation, a common, minimally invasive procedure to treat arrhythmias. Tens of millions of individuals worldwide suffer from arrhythmias - abnormal heart rhythms that result when the heart beats too quickly, too slowly, or with an irregular pattern. When left untreated, certain arrhythmias can significantly increase the risk of stroke, heart failure, and sudden cardiac arrest. "We look forward to continuing to support Princess Grace Hospital's mission to advance the future of electrophysiology and appreciate their partnership in establishing the Genesis robotic system as a central technology for the future of the field," said David Fischel, Chairman and CEO of Stereotaxis.
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ATRS... | Hot Stocks07:19 EDT Antares Pharma, Lipocine enter exclusive license agreement for TLANDO - Antares Pharma (ATRS) announced that it entered into an exclusive license agreement with Lipocine (LPCN) for TLANDO, an oral treatment for testosterone replacement therapy in the United States. TLANDO was granted tentative approval from the U.S. Food and Drug Administration as a twice-daily oral formulation of testosterone for testosterone replacement therapy indicated for conditions associated with a deficiency or absence of endogenous testosterone, or hypogonadism in adult males. In granting tentative approval, the FDA concluded that TLANDO met all required efficacy, quality and safety standards necessary for approval and will be eligible for final approval and marketing in the U.S. upon expiration of the exclusivity period previously granted to Clarus Therapeutics (CRXT) for JATENZO on March 27, 2022. Under the terms of the agreement, Lipocine received an upfront payment of $11.0 million and is eligible for additional milestone payments up to $10.0 million and tiered royalty and commercial milestones based on net sales of TLANDO in the U.S. The agreement also grants Antares the option to license and develop LPCN 1111, an investigational product containing testosterone tridecanoate. Upon exercise of the option, Antares shall pay an additional $4.0 million in license fees in two installments. Antares shall also be responsible for additional development and commercial milestone payments as well as tiered royalties on net sales of TLANDO XR in the U.S.
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DGX... | Hot Stocks07:18 EDT Quest Diagnostics to provide companion diagnostic for Eli Lilly's Verzenio - Quest Diagnostics (DGX) will provide clinical laboratory testing using the Ki-67 IHC MIB-1 pharmDx - Dako Omnis - immunohistochemistry companion diagnostic. On October 13, the FDA approved Eli Lilly's (LLY) Verzenio, in combination with endocrine therapy, for the adjuvant treatment of adult patients with hormone receptor-positive human epidermal growth factor receptor 2-negative - HER2- , node-positive, early breast cancer at high risk of recurrence and a Ki-67 score of greater than or equal to20% as determined by an FDA-approved test. Verzenio is the first and only CDK4/6 inhibitor approved for this patient population. In aligned actions, the FDA also granted pre-market approval to Ki-67 IHC MIB-1 pharmDx from Agilent Technologies (A), as a companion diagnostic for Verzenio. Quest is the first laboratory to have validated the test in conjunction with Agilent. Quest is committed to providing the test as soon as possible, with plans to make it nationally available by the end of the month.
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XPO | Hot Stocks07:17 EDT XPO Logistics opens hub in Chicago area - XPO Logistics opened a less-than-truckload service center yesterday in Chicago Heights with a ribbon-cutting attended by state and local dignitaries. The 150,000-square-foot site includes 264 dock doors to accommodate high volumes and ongoing growth. Mario Harik, acting president, less-than-truckload, XPO Logistics, said, "We're delighted to celebrate the completion of our Chicago Heights service center, following eight months of new construction. This strategic hub will have a positive impact on customer service throughout our LTL network, as well as the Illinois economy." Highlights of the new facility include: A jobs base of over 200 employees at the site; a comprehensive commitment to employee satisfaction; safety-focused operations that reflect XPO's company culture; high customer service standards and a drive for continuous improvement.
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OWL | Hot Stocks07:16 EDT Blue Owl Capital to acquire Oak Street Real Estate Capital for $950M - Blue Owl Capital announced it has entered into a definitive merger agreement to acquire Oak Street Real Estate Capital and its investment advisory business. The transaction is expected to close in the fourth quarter and is subject to customary closing conditions. The closing purchase price of $950M will be funded through a combination of cash and Blue Owl common units (up to an aggregate of approximately 39M Blue Owl common units issuable at closing). In addition, upon the achievement of certain performance thresholds, Oak Street equity holders will be entitled to earnouts up to a total of approximately $650M, payable in cash at future dates or in Blue Owl common units (up to an aggregate of approximately 39M Blue Owl common units subject to vesting). The transaction is anticipated to be approximately 5%- 7% accretive to Distributable Earnings per Share starting in 2022. Oak Street is a Chicago-based firm, founded in 2009 with over 35 employees and with $10.8B of assets under management as of June 30. The firm focuses on two primary strategies: structuring sale-leasebacks, which includes triple net leases, as well as providing seed and strategic capital. Upon closing of the transaction, key members of the Oak Street leadership team will remain in place leading the Oak Street business, and Oak Street's Chicago office will become an additional office for Blue Owl. In addition, Marc Zahr will join Blue Owl's Board of Directors and Executive Committee.
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PHGE | Hot Stocks07:16 EDT BiomX reports results from Phase 2 cosmetic acne study - BiomX announced results from its Phase 2 cosmetic clinical study assessing the potential of BX001 to improve the appearance of skin in acne prone subjects. BX001 was demonstrated to be safe and well-tolerated, with no treatment-related adverse events. A statistically significant improvement from baseline was observed in the appearance of acne-prone skin but no meaningful difference was demonstrated relative to vehicle. "Today we report topline results from our vehicle controlled, Phase 2 cosmetic acne study," said Jonathan Solomon, Chief Executive Officer of BiomX. "Compared to our prior Phase 1 trial, this study enrolled significantly more subjects and tested BX001 over a longer application period, so we were pleased to see that BX001 maintained an excellent safety and tolerability profile. However, we are disappointed that BX001 did not demonstrate a meaningful differentiation from vehicle on efficacy. We will further evaluate the data from this study before communicating potential next steps for the BX001 development program." The Phase 2 cosmetic clinical study in acne was a 12-week randomized, single center, double-blind, placebo-controlled trial in 140 women with mild-to-moderate acne vulgaris. Subjects were randomized into two cohorts: BX001 or placebo in a 1:1 ratio with BX001 or placebo self-administered twice daily. The key endpoints evaluated the safety, tolerability, and efficacy of BX001. Significant improvements in the appearance of acne prone skin, as assessed by reduction in inflammatory lesion counts, non-inflammatory lesion counts, and reduction in mean Investigator's Global Assessment score, were observed when compared to baseline for both cohorts. No meaningful difference was demonstrated for BX001 relative to vehicle. Subject satisfaction reported outcomes indicate preference for BX001 over vehicle in key parameters. Over 80% of subjects using BX001 reported reduction in skin redness and tenderness of skin bumps, indicated that the product left skin hydrated and noticeably improved the feel of their skin.
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ADMA | Hot Stocks07:15 EDT ADMA Biologics appoints Young Kwon to board of directors - ADMA Biologics announced the appointment of Young Kwon, Ph.D., to its Board of Directors. Kwon is presently an operating partner at Lightstone Ventures, assisting the LSV biopharmaceutical team with deal sourcing, due diligence, and portfolio management.
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CGEM BMY | Hot Stocks07:13 EDT Cullinan appoints Nadim Ahmed as Chief Executive Officer - Cullinan Oncology (CGEM) announced the appointment of Nadim Ahmed as President and Chief Executive Officer, effective today. Ahmed will also join the Company's Board of Directors. Ahmed succeeds Owen Hughes, who resigned as CEO and as a member of the Company's Board of Directors. Hughes will take on the role of Strategic Advisor to the company to support the transition. Anthony Rosenberg, Chairman of the Board of Directors at Cullinan said, "Nadim brings to Cullinan a proven track record in oncology drug development and commercialization success. His experience at Celgene during a period of tremendous growth will be invaluable to Cullinan as we advance Pearl into later-stage clinical development, while also moving our first two immuno-oncology programs, MICA and Florentine, into clinical trials by year-end 2021. We will provide an update for Pearl in Q4 2021 as originally planned. On behalf of Cullinan, I want to welcome Nadim to Cullinan and thank Owen for his contributions. We look forward to him supporting the transition." Ahmed has more than twenty-five years of leadership experience in oncology across a range of development and commercialization roles, including recently at Bristol Myers Squibb (BMY), where he served as President, Hematology.
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LVO | Hot Stocks07:13 EDT LiveOne sees Gramophone Media acquisition immediately accretive to earnings - LiveOne announced that it has completed the acquisition of Gramophone Media. Gramophone will operate as a stand-alone wholly-owned subsidiary of LiveOne. The acquisition is expected to be immediately accretive to LiveOne's earnings and strengthen LiveOne's balance sheet. As part of the acquisition, Gramophone's President, founder and sole shareholder, Eshy Gazit, as well as its co-founder and COO Patrick Ermlich, will remain as the company's senior leadership team.
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ENOB | Hot Stocks07:13 EDT Enochian Biosciences completes FDA Pre-IND process for HIV treatment - Enochian BioSciences announced the completion of an Investigator Pre-Investigational New Drug process following receipt of written comments from the U.S. Food and Drug Administration Center for Biologics Evaluation and Research Office of Tissues and Advanced Therapies. Dr. Serhat Gumrukcu, co-founder and inventor of Enochian BioSciences, and Director of Seraph Research Institute, submitted an investigator-initiated Pre-IND. The request was based on the results of a 54-year old man living with HIV who had failed to suppress the virus with antiviral therapy. The patient subsequently stopped taking ART and received an innovative treatment developed by SRI. Enochian BioSciences holds the exclusive license for the product. The patient's HIV infection blood levels were controlled more effectively for 365 consecutive days, off ART using this new innovative SRI treatment compared to what had previously been achieved with ART. The proprietary therapy includes Natural Killer and Gamma Delta T-cells collected from another person. During the entire period, no antiviral drugs were given. It is believed that the GDT cells, a small subset of immune cells that can be infected with HIV, could be a key factor in controlling the virus.
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RDHL | Hot Stocks07:12 EDT RedHill Biopharma says insiders purchased 180,000 shares of company stock - RedHill Biopharma announced that members of its board of directors and senior management, including the Company's Chairman & CEO, CFO, Chief Commercial Officer, Chief Business Officer and Chief Corporate & Business Development Officer, collectively purchased approximately 180,000 American Depositary Shares of RedHill between mid-September and October 15 in open-market transactions.
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AXSM HTGC | Hot Stocks07:10 EDT Axsome Therapeutics expands term loan facility with Hercules Capital to $300M - Axsome Therapeutics (AXSM) announced that its existing term loan facility agreement with Hercules Capital, Inc. (HTGC), has been amended to increase the size of the facility to $300M, and the amount immediately available upon U.S. Food and Drug Administration approval of AXS-05 for major depressive disorder to $100M, at the Company's option. The amendment also extends the maturity and interest-only period of the facility. Under the terms of the amendment, the size of the term loan facility was increased to $300M from $225M, and the amount available at the Company's option immediately upon approval of AXS-05 in major depressive disorder was increased to $100M from $35M. An additional $150M may be drawn at the Company's option, in three separate tranches, consisting of $20M upon approval of AXS-07 for migraine; $55M upon achievement of certain combined sales and outstanding debt criteria; and, subject to the approval of Hercules Capital, $75M to support future strategic initiatives, including further pipeline advancement or expansion. A total of $50M was funded upon the initial closing. The amended term loan facility now bears interest at a calculated prime-based variable rate currently at 8.95% compared to the original 9.15%. The amendment extends the maturity date of the facility from the original October 2025 to October 2026, and optionally to October 2027, subject to certain conditions. The amendment also resets the interest-only payment period, and extends it from the initial 30 months from the original loan closing to at least 48 months from the amendment closing, and up to 60 months from the amendment closing based on approval of AXS-05 and AXS-07.
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CLVT | Hot Stocks07:10 EDT Clarivate names Tiffani Shaw as Chief of Staff - Clarivate announced the appointment of Tiffani Shaw as Chief of Staff reporting to Jerre Stead, Executive Chairman and CEO at Clarivate. In this newly created role, Shaw will plan and direct administrative activities for the office of the CEO and be a member of the Executive Leadership Team. She will join Clarivate on November 1. Shaw joins Clarivate from The University of Iowa Center for Advancement where she was Executive Vice President and COO.
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RGS | Hot Stocks07:10 EDT Regis announces John Davi as chief technology officer - Regis announced John Davi joined the company as chief technology officer. Most recently Davi was chief product officer for the property and casualty insurance platform BriteCore.
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IIPR | Hot Stocks07:09 EDT Innovative Industrial properties buys property in California for $51M - Innovative Industrial Properties, announced that it closed on the acquisition of a 201,000 square foot industrial property in Desert Hot Springs, California, and entered into a long-term lease with Gold Flora. The purchase price for the property was $51M. Gold Flora is expected to complete additional tenant improvements for the property as a regulated cannabis cultivation and processing facility, for which IIP has agreed to provide reimbursement of up to $9M. Assuming full reimbursement for the tenant improvements, IIP's total investment in the property is expected to be $60M. As the pioneering real estate investment trust for the regulated cannabis industry, IIP partners with experienced, regulated cannabis operators and serves as a source of capital by acquiring and leasing back their real estate assets, in addition to offering other creative real estate-based capital solutions. "We are excited to welcome Laurie and the Gold Flora team as our newest tenant partner," said Paul Smithers, President and Chief Executive Officer of IIP. "Gold Flora has established a strong reputation and presence in the largest regulated cannabis market in the world, California, and we look forward to supporting them as a long-term real estate capital partner for many years to come, as they continue to expand the breadth of their operations and reach throughout the state."
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ICE | Hot Stocks07:09 EDT IntercontinentalExchange sells 9.85% stake in Euroclear for EUR 709M - Silver Lake and IntercontinentalExchange announced an agreement in which Silver Lake will make a long-term strategic investment in Euroclear Holding by acquiring ICE's 9.85% stake in the company's share capital for EUR 709M. Euroclear is a Brussels, Belgium-based provider of post-trade security settlement, custody, collateral management, fund management and data services with EUR 35.2T of assets under custody and 284M netted transactions settled in the 12 months ended June. Euroclear is a vital European and global financial market infrastructure company, connecting more than 2,000 financial institutions in 50 different markets and settling transactions in 50 currencies. Silver Lake's acquisition of ICE's stake in Euroclear is subject to customary closing conditions and regulatory approval. Following Silver Lake's investment, Silver Lake will request that a representative of Silver Lake join the board of Euroclear Holding. The transaction could close as soon as the first half of 2022.
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HEXO | Hot Stocks07:09 EDT HEXO CEO Sebastien St-Louis departs, COO Donald Courtney resigns - HEXO announced the departure of Sebastien St-Louis, Co-Founder and CEO, effective immediately, as the Company completes a strategic reorganization. The company said, "The Company's next leader will be well-positioned to integrate HEXO's recent transformative acquisitions and leverage the Company's lean production capabilities, solid brands and robust product offering to lead HEXO through its next phase of strategic evolution. The Special Committee of the Board for Succession is in advanced discussions with a preferred CEO candidate and expects to make an announcement in the coming days." HEXO also announced the resignation of the Company's COO Donald Courtney. Don will remain as COO until a suitable replacement is identified.
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ABT | Hot Stocks07:09 EDT Abbott partners with Real Madrid - Abbott announced it has entered into a three-year agreement to be the Health Sciences and Nutrition Partner of the Real Madrid Football Club and Global Partner of the Real Madrid Foundation-an organization founded by the club to promote the values inherent in sport to children globally. The partnership will encompass education, sports and social welfare activities in support of at-risk children in 80 countries, as well as nutritional support for the first men's and women's and Academy teams and new product innovation and development.
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YEXT | Hot Stocks07:08 EDT Yext announces launch of Financial Services Cloud - Yext announced the launch of its Financial Services Cloud, a set of AI search solutions optimized for banks and other financial institutions. Incorporating classic Yext capabilities like advanced AI-powered site search, accurate third-party listings, and search-optimized landing pages, the Financial Services Cloud also introduces a completely new solution: Guided Search. The solution leads consumers through a series of questions on a financial institution's website in order to match them with the product, service, or financial professional aligned to their unique needs. With hyper-personalization emerging as a top trend in the financial services industry, it's never been more important for institutions to bypass a one-size-fits-all approach, and instead offer customizable online experiences to their customers.
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BTAI | Hot Stocks07:07 EDT BioXcel Therapeutics expands Phase 1b/2 trial of BXCL701 - BioXcel Therapeutics announced that it has expanded its ongoing Phase 1b/2 trial of BXCL701, the Company's investigational, orally administered innate immune activator, in heavily pre-treated metastatic castration-resistant prostate cancer patients with either de novo or treatment-emergent small-cell neuroendocrine carcinoma. The Company's decision to advance BXCL701 into the second stage of the Phase 2a efficacy portion of the study follows the achievement of the protocol-specified efficacy threshold for cohort expansion, meaning observation of three composite responses. The Phase 1b/2 trial is an open-label, multicenter study to evaluate the safety and efficacy of BXCL701 in combination with pembrolizumab for men with mCRPC presenting with either SCNC or adenocarcinoma phenotypes. Eligibility criteria include progression as defined by PCWG3 criteria and at least one prior line of cytotoxic chemotherapy for inclusion in the SCNC cohort, or one or two androgen signaling inhibitors and at least one line of taxane chemotherapy for inclusion in the adenocarcinoma cohort. mCRPC patients with SCNC received 0.3 mg of BXCL701 twice daily on days 1 through 14 of a 21-day cycle plus 200 mg of pembrolizumab administered intravenously on day 1 and every subsequent 21 days. The primary trial endpoint is a composite response rate, defined as either RECIST 1.1 objective response or PSA50 or CTC count conversion, with a target of achieving greater than15% response rate. Provided there are at least three composite responses observed in any patient cohort in the first stage of the Phase 2a portion of the study, additional patients may be accrued within that cohort during the second stage, for a total of up to 28 patients. Secondary endpoints include duration of response, progression-free survival, and overall survival. As of October 18, three of ten SCNC evaluable patients achieved composite response, satisfying the protocol-specified threshold for continued expansion.
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ESPR | Hot Stocks07:07 EDT Esperion announces plan for long-term growth - Esperion announced its plan to align operational and expense structure to better enable future growth for its two first-in-class oral medicines, NEXLETOL and NEXLIZET and prioritize its investment in CLEAR Outcomes. "In-person access to health care providers has been negatively impacted by the ongoing COVID-19 pandemic. We are adapting to meet their needs in a more effective way that grows awareness of our products at the same time," said Sheldon Koenig, president and CEO of Esperion. "Cardiovascular disease remains the number one cause of death in the world. ESPERION is fortunate to have two well-received first-in-class medicines approved and available, providing us the opportunity to become a leader in the cardiovascular market. Today's decision will help to further grow NEXLETOL and NEXLIZET while conserving resources to support our critically important and differentiated CLEAR Outcomes trial, which we believe has the potential to dramatically increase adoption of our innovative cholesterol-lowering agents." After a systematic review of our organization and the challenges associated with launching NEXLETOL and NEXLIZET during the COVID-19 pandemic, the Company has implemented changes to align the business with the realities of the current market environment. The Company will be reducing operational expense across the organization through a 40% corporate workforce reduction and through targeted program savings. The Company will focus its commercialization efforts on an optimized blend of focused outreach including a streamlined sales force, directed to targeted cardiologists and primary care physicians, and a suite of digital initiatives designed to increase awareness and utilization of its medicines in appropriate patients.
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LPCN... | Hot Stocks07:06 EDT Lipocine and Antares Pharma enter into U.S. licesing agreement for Tlando - Lipocine (LPCN) has entered into an exclusive licensing agreement with Antares Pharma (ATRS) to commercialize Tlando in the U.S. Tlando is an oral testosterone product for testosterone replacement therapy in adult males for a deficiency or absence of endogenous testosterone. The FDA granted tentative approval to Tlando. Upon the expiration of the exclusivity period granted to Clarus Therapeutics (CRST), with respect to its drug Jatenzo, which expires on March 27, Tlando will be eligible for final approval. The FDA has affirmed the NDA resubmission for final approval will be a Class 1 resubmission which includes a two-month FDA review goal period. Lipocine will receive an immediate upfront cash payment of $11.0M and, subject to certain conditions, an additional $5.0M licensing payment in January 2025 and another $5.0M licensing payment in January 2026. Lipocine will also be entitled to receive sales-based commercial milestone payments totaling up to $160.0M based on Tlando net sales and, if Antares Pharma exercises its option, Tlando XR sales, in addition to tiered royalty payments. Lipocine retains all rights for ex-US territories, and non TRT indications for Tlando. Under the agreement, Antares Pharma will undertake all commercialization, post-marketing obligations, and sourcing of Tlando in the U.S. In addition, Lipocine has granted Antares Pharma an option to license, on or before March 31, 2022, Tlando XR, a potential oral product candidate for TRT, in the U.S. Upon exercise of the TLANDO XR option, Lipocine is entitled to receive an additional $4.0M in license fees, clinical and regulatory milestone payments of up to an aggregate of $35.0M, and tiered royalties on net sales. Antares Pharma will be responsible for development costs, regulatory filings, commercialization, and post-marketing commitments for Tlando XR.
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AKTS | Hot Stocks07:06 EDT Akoustis acquires majority ownership in RFM Integrated Device for $8.5M - Akoustis Technologies announced that it is acquiring a 51% majority ownership position of RFM Integrated Device, with the right to purchase the remaining 49% in 2022. Akoustis will host an investor call to provide a business update and outlook, followed by a Q & A session this morning at 8:30 a.m. ET. The company said, "In terms of rationale for this opportunistic acquisition, RFMi offers Akoustis: a comprehensive SAW resonator & RF filter, crystal resonator & oscillator and ceramic catalog product portfolio which complements Akoustis XBAW RF products; new, synergistic sales channels and numerous market-leading customers providing significant cross-selling opportunities for Akoustis XBAW; access to new strategic markets including Automotive/ADAS, medical monitoring and implant, energy and smart home, satellite communications and industrial/IoT; access to new wafer-level-package products that are currently manufactured in factories certified to stringent automotive IATF16949 standards; the ability to develop multi-chip-modules incorporating multiple technologies for each of the end markets including 4G/5G mobile; access to complementary SAW resonator, Xtal resonator & oscillator products to enhance Akoustis' XBAW RF timing product portfolio announced last week; a low-capex, fabless product business with synergistic supply chain operations along with a proven technical, marketing and engineering team, and; a bolt-on RF filter business which is immediately accretive to Akoustis financials from a cash flow perspective." Akoustis intends to leverage its leadership in high-frequency BAW with RFMi's growing portfolio of RF filter products to expand its reach into multiple markets and grow its portfolio of multi-chip-modules. Akoustis also intends to leverage RFMi's wafer-level-package products which are currently made in factories certified to the IATF16949 automotive quality standard. Additionally, RFMi's timing control product portfolio will greatly expand Akoustis' new timing and frequency reference capabilities, introduced last week, with a growing portfolio of crystal resonator and oscillator products and RF SAW resonators designed to operate at lower frequencies than Akoustis' XBAW resonators. RFMi also offers ceramic dielectric resonator filters and low temperature co-fired ceramic filters and diplexers for products that have significant power handling requirements, such as 5G network infrastructure, that exceed the capabilities of micro acoustic filter technology. Akoustis is paying $6.0 million in cash and approximately $2.5 million in stock to Tai-Saw Technologies for the acquisition of 51% of RFMi's outstanding stock and has the option to acquire the remaining 49% from TST on or before June 30, 2022, for an additional $3.5 million in cash and approximately $4.0 million in stock. Additionally, earn-out payments aggregating up to $3.0 million of cash and/or stock may be payable to TST based on the future operating results of RFMi. The business is accretive, with positive cash flow, and is expected to contribute between $500k and $1 million in revenue in the December quarter. Given the growing sales funnel activity as well as ongoing interaction with customers regarding expected ramps in both 5G mobile, Wi-Fi 6 and Wi-Fi 6E in calendar 2022, the Company is increasing the annual production capacity at its New York fab, expected to reach a capacity of approximately 500 million filters per year by the end of calendar 2021.
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KRA | Hot Stocks07:05 EDT Kraton announces energy surcharge for HSBC products produced in Europe - Kraton announces an energy surcharge increase of 250EUR /MT for all HSBC products produced in Europe. This action is driven by the recent and unprecedented price increases for Natural Gas, Electricity and CO2 certificates, which is substantially affecting the production cost in our HSBC plant in Berre, France. This surcharge will be effective November 1, and/or subject to the terms of any applicable contracts and obligations.
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VGFC | Hot Stocks07:05 EDT The Very Good Food Company increases North American footprint to 1,060 stores - The Very Good Food Company announced that it has increased its North American retail footprint to 1,060 stores; increasing U.S. retail by 126% in just four weeks since its last retail distribution update. Starting in November, VERY GOOD's original The Very Good Butchers line of plant-based meat products, including its limited-edition Stuffed Beast, can be found in 396 US locations in 20 cities across 15 states; and across North America, the company's products will soon be available in 1,060 outlets.
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ALKS | Hot Stocks07:03 EDT Alkermes announces availability of LYBALVI in U.S. - Alkermes announced that LYBALVI is now available by prescription in the United States for the treatment of adults with schizophrenia, and for the treatment of adults with bipolar I disorder, as a maintenance monotherapy or for the acute treatment of manic or mixed episodes as monotherapy or an adjunct to lithium or valproate. LYBALVI is a once-daily, oral atypical antipsychotic composed of olanzapine, an established antipsychotic agent, and samidorphan, a new chemical entity.
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CDW | Hot Stocks07:03 EDT CDW to acquire Sirius Computer Solutions for $2.5B in cash - CDW announced it has entered into a definitive agreement to acquire Sirius Computer Solutions from an affiliate of Clayton, Dubilier & Rice for $2.5B in cash, subject to customary closing adjustments. The transaction is expected to significantly accelerate CDW's services. The combined company would have had 2020 net sales of $20.5B and the acquisition is expected to deliver gross margin, non-GAAP operating income margin, and non-GAAP earnings per diluted share accretion. Founded in 1980, Sirius is a provider of secure, mission-critical technology-based solutions for approximately 3,900 large and mid-sized customers. Combining with Sirius is expected to expand CDW's Services portfolio by approximately 45%, from approximately $900M annual net sales in 2020 to approximately $1.3B in combined annual net sales. The transaction is expected to close in December 2021, subject to receipt of regulatory approvals and the satisfaction of other customary closing conditions. CDW has committed financing for the transaction. Upon completion of the transaction, CDW expects to have an initial net leverage ratio of approximately 3.3x. The company will target deleveraging to approximately 2.5x to 3.0x by the end of 2022 in alignment with its capital allocation priorities.
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SRE | Hot Stocks07:01 EDT Sempra Energy subsidiary SDG&E sets sustainability goals - Sempra Energy's subsidiary, San Diego Gas & Electric Company, or SDG&E, released its annual sustainability strategy update, outlining new and accelerated goals to help meet its pledge to reach net zero greenhouse gas emissions by 2045. SDG&E's new sustainability goals include: operating a zero emissions fleet by 2035; recognizing the transportation sector as the single largest source of GHG emissions, SDG&E seeks to operate a 100% zero emissions vehicle fleet by 2035 - five years ahead of the company's original goal -; achieving zero net energy facilities by 2030. The company set a new goal to achieve zero net energy for all company-owned facilities in San Diego and southern Orange County. SDG&E will accelerate its timeline to deliver a virtual power plant by 2022, instead of 2025 as originally planned. SDG&E released a comprehensive sustainability strategy in October 2020.
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SRE | Hot Stocks07:01 EDT Sempra Energy subsidiary SDG&E sets sustainability goals - Sempra Energy's subsidiary, San Diego Gas & Electric Company, or SDG&E, released its annual sustainability strategy update, outlining new and accelerated goals to help meet its pledge to reach net zero greenhouse gas emissions by 2045. SDG&E's new sustainability goals include: operating a zero emissions fleet by 2035; recognizing the transportation sector as the single largest source of GHG emissions, SDG&E seeks to operate a 100% zero emissions vehicle fleet by 2035 - five years ahead of the company's original goal -; achieving zero net energy facilities by 2030. The company set a new goal to achieve zero net energy for all company-owned facilities in San Diego and southern Orange County. SDG&E will accelerate its timeline to deliver a virtual power plant by 2022, instead of 2025 as originally planned. SDG&E released a comprehensive sustainability strategy in October 2020.
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PHAT | Hot Stocks06:55 EDT Phathom Pharmaceuticals trading halted, news pending
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BLD | Hot Stocks06:48 EDT TopBuild sees DI acquisition accretive to GAAP EPS in first year after close - TopBuild has successfully completed its previously announced acquisition of Distribution International from Advent International, in an all cash transaction valued at $1B. The acquisition is expected to be accretive to GAAP EPS in the first full year after close. The company anticipates $35M-$40M of run-rate cost synergies.
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CDXC | Hot Stocks06:40 EDT ChromaDex's Niagen shows potential in ataxia-telangiectasia disease - ChromaDex announced findings from a first-of-its-kind clinical study published in the peer-reviewed journal, Movement Disorders. The study investigated ChromaDex's proprietary Niagen ingredient or "NR" in patients with ataxia-telangiectasia, a rare, inherited neurodegenerative disorder characterized by premature aging, cerebellar degeneration, immunodeficiency, and cancer predisposition. The study found that supplementation with NR improved ataxia scores and increased immunoglobulins, or antibodies, in the immune-compromised patients. This was the first published clinical NR trial to include participants under the age of 18. NR improved ataxia scores in patients and increased serum immunoglobulin G, or antibodies. These results suggest that NAD+ boosting may be a potential therapeutic strategy for AT, however further research needs to be conducted.
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SMTS | Hot Stocks06:37 EDT Sierra Metals reports Q3 production results - Results are from Sierra Metals' three underground mines in Latin America: The Yauricocha polymetallic mine in Peru, and the Bolivar copper and Cusi silver Mines in Mexico. Reports Q3 copper production of 8.3 million pounds, a 32% decrease from Q3 2020; zinc production of 19.1 million pounds; a 23% decrease from Q3 2020; silver production of 0.8 million ounces; a 21% decrease from Q3 2020; lead production of 7.8 million pounds a 20% decrease from Q3 2020; gold production of 2,261 ounces, a 43% decrease from Q3 2020; copper equivalent production of 21.9 million pounds; a 38% decrease from Q3 2020. CEO Luis Marchese commented: "Q3 has been particularly difficult for the company. It has presented us with tough challenges arising from sequencing issues due to the COVID-19 limitations over the last year, as well as unexpected equipment availability issues that impacted throughput, head grades and recoveries, particularly at the Bolivar Mine. Additionally, during the quarter, Cusi presented operational limitations caused by high temperatures at the available mineable areas. However, these issues are temporary in nature, and we expect to meet the lower end of the revised annual production guidance". Results are from Sierra Metals' three underground mines in Latin America: The Yauricocha polymetallic mine in Peru, and the Bolivar copper and Cusi silver mines in Mexico. Silver production of 1M ounces; a 1% increase from Q1 2020. Copper production of 7.9M pounds; a 33% decrease from Q1 2020; mainly due to a temporary shift from copper-rich zones to lower grade polymetallic areas at Yauricocha caused by temporary operational challenges. Lead production of 9M; a 1% decrease from Q1 2020. Zinc production of 24.1M pounds; an 11% increase from Q1 2020. Gold production of 2,636 ounces; a 28% decrease from Q1 2020. Copper equivalent production of 25.5M pounds; an 18% decrease from Q1 2020. Record quarterly throughput of 3,728 tpd at the Yauricocha Mine.
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GTLS | Hot Stocks06:33 EDT Chart Industries, Ionada sign MOU to collaborate on CCUS projects - Chart Industries is pleased to announce the signing of a Memorandum of Understanding with Ionada to collaborate on Carbon Capture and Sequestration projects that will leverage Ionada's carbon capture technology with Chart's extensive expertise in CO2 storage and handling systems. The non-exclusive cooperation agreement will see both companies develop and use technology to reduce the carbon footprint of the shipping industry. Carbon captured via Ionada's technology can be stored onboard in Chart CO2 ISO containers or in engineered built-for-purpose type C tanks and then offloaded at ports. Once offloaded, the CO2 can either be permanently stored in geological formations or put to beneficial use in CO2-consuming industries, such as the agricultural, industrial, energy, or food and beverage sectors.
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BW | Hot Stocks06:32 EDT Babcock & Wilcox to develop clean energy project in Australia - Babcock & Wilcox's Renewable segment has entered into an agreement with Port Anthony Renewables Limited to jointly develop a biomass-to-hydrogen clean energy project in Port Anthony, Victoria, Australia utilizing B&W's BrightLoop technology. When completed, the plant is expected to be part of the largest green hydrogen hub in southeastern Australia. BrightLoop technology is part of B&W's ClimateBright suite of decarbonization technologies. It utilizes a proprietary regenerable oxide particle to generate hydrogen from a variety of fuels, including biomass, for waste-to-energy and syngas while creating a concentrated stream of carbon dioxide for sequestration or utilization.
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OMER | Hot Stocks06:32 EDT Omeros receives CRL from FDA regarding BLA for narsoplimab - Omeros announced that the company received a Complete Response Letter from the U.S. FDA regarding its Biologics License Application for narsoplimab in the treatment of hematopoietic stem cell transplant-associated thrombotic microangiopathy. Following HSCT, patients generally have complex clinical courses and are often severely ill. HSCT-TMA increases that complexity and worsens outcomes. In the CRL, FDA expressed difficulty in estimating the treatment effect of narsoplimab in HSCT-TMA and asserted that additional information will be needed to support regulatory approval. There were no chemistry, manufacturing and controls, safety, or non-clinical issues precluding approval raised in the CRL. Omeros remains confident in the efficacy and safety data for narsoplimab in HSCT-TMA. The company worked closely with FDA on the clinical development plan, including with respect to both the single-arm trial to support approval and the definition of response as the primary endpoint. Omeros plans to request a Type A meeting as soon as possible with FDA to discuss the CRL and determine the most expeditious path forward for the approval of narsoplimab in the treatment of HSCT-TMA.
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TM | Hot Stocks06:12 EDT Toyota to invest $3.4B in batteries through 2030, build new battery plant - Toyota announced that it will invest approximately $3.4B in automotive batteries in the United States through 2030. Specifically, the investment is for developing and localizing automotive battery production, including those for battery electric vehicles, and is part of the global total of approx. $13.5B set aside for investment in battery development and production announced last month by Toyota Motor. To drive battery production localization, Toyota Motor North America also announced that it will establish a new company and build an automotive battery plant together with Toyota Tsusho in the U.S. Aiming to start production in 2025, the project includes an investment of approximately $1.29B until 2031, which includes funds that will be used to develop land and build facilities, resulting in the creation of 1,750 new American jobs. Part of the new company's activities will include helping Toyota to further develop and expand its local supply chain and production knowledge related to Lithium-ion automotive batteries. The venture will first focus on producing batteries for hybrid electric vehicles. Further details of the project, including details on a site, production capacity, business structure, etc. will be shared at a future time.
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UTHR | Hot Stocks06:09 EDT United Therapeutics receives CRL from FDA declining to approve Tyvaso NDA - United Therapeutics announced an update on the FDA review of the new drug application, or NDA, for Tyvaso DPI, for the treatment of pulmonary arterial hypertension, or PAH, and pulmonary hypertension associated with interstitial lung disease, or PH-ILD, to improve exercise capacity. On Friday, October 15, the FDA issued a complete response declining to approve the NDA at this time. The FDA's letter noted only a single deficiency preventing approval of Tyvaso DPI, related to an open inspection issue at a third-party facility that performs analytical testing of treprostinil drug substance. In addition, the FDA did not cite any deficiencies or issues related to operations performed at the MannKind Corporation facility for manufacture, testing, and packaging of finished Tyvaso DPI, including its associated device. All other requests from the agency have been addressed. The draft labeling for Tyvaso DPI, as revised by FDA, includes the same indications as Tyvaso Inhalation Solution for PAH and PH-ILD, to improve exercise ability, and does not contain any contraindications or a boxed warning. The complete response also notes, but does not cite as a deficiency, that the FDA has not yet completed its review of a Citizen's Petition submitted to FDA in July concerning the safety of an excipient in Tyvaso DPI.
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KBR | Hot Stocks06:07 EDT KBR awarded $126.7M recompete contract by DOT - KBR has been awarded a $126.7M recompete by the U.S. Department of Transportation, or DOT, Volpe National Transportation Systems Center for Mission Information Technology Support Services in Cambridge, Massachusetts to modernize technical, logistical, and safety-related transportation systems. This award builds on KBR's 11 years of work at the Volpe Center. Under the terms of the hybrid cost-plus, time-and-materials contract, KBR will deliver technical support to the Volpe Center, which provides solutions to meet 21st century challenges, such as modernization efforts in physical safety, cybersecurity, environmental impacts, and traffic management. This work is expected to be performed over four years with KBR providing information technology, software and systems engineering for all modes of transportation for several government entities, including the Federal Aviation Administration, Federal Motor Carrier Safety Administration, Federal Highway Administration, National Highway Traffic Safety Administration, Department of Defense and Department of Interior
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SQ... | Hot Stocks06:07 EDT Square considering building Bitcoin mining system, CEO Dorsey says via Twitter - Square CEO Jack Dorsey said via Twitter over the weekend: "Square is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide. If we do this, we'd follow our hardware wallet model: build in the open in collaboration with the community. First some thoughts and questions. Mining needs to be more distributed. The core job of a miner is to securely settle transactions without the need for trusted 3rd parties. This is critical well after the last bitcoin is mined. The more decentralized this is, the more resilient the Bitcoin network becomes. True? Mining needs to be more efficient. Driving towards clean and efficient energy use is great for Bitcoin's economics, impact, and scalability. Energy is a system-level problem that requires innovation in silicon, software, and integration. What are the largest opportunities here?... Our team led by @JesseDorogusker will start the deep technical investigation required to take on this project. We'd love your thoughts, ideas, concerns, and collaboration. Should we do this? Why or why not?" Reference Link
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MNKD UTHR | Hot Stocks06:05 EDT MannKind provides progress update on Tyvaso DPI New Drug Application - MannKind (MNKD) has learned that the FDA issued a complete response to United Therapeutics (UTHR) regarding the New Drug Application for Tyvaso DPI for the treatment of pulmonary arterial hypertension and pulmonary hypertension associated with interstitial lung disease. The FDA declined to approve the NDA at this time, noting only one deficiency related to an open inspection issue at a third-party analytical testing center for treprostinil drug substance, the active ingredient of Tyvaso DPI. The complete response did not pertain to MannKind, and no issues were cited by the FDA as it relates to MannKind's facility in Connecticut for manufacturing, testing and packaging of finished Tyvaso DPI, including its associated device.
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IDYA PFE | Hot Stocks06:05 EDT Ideaya Biosciences announces Michael White as chief scientific officer - Ideaya Biosciences (IDYA) announced that Michael White will join the company as its chief scientific officer, effective November 1. White formerly served as chief scientific officer and head of tumor biology at Pfizer (PFE), where he led cross-disciplinary groups to build an oncology small-molecule pipeline focused on first-in-class therapies, culminating in numerous INDs. White succeeds Michael Dillon, who joined Ideaya in 2016.
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FB | Hot Stocks06:04 EDT Facebook disputes report AI can't detect hate speech or violence consistently - Facebook VP of integrity Guy Rosen wrote in blog post Sunday that the prevalence of hate speech on the platform had dropped by 50% over the past three years, and that "a narrative that the technology we use to fight hate speech is inadequate and that we deliberately misrepresent our progress" was false. "We don't want to see hate on our platform, nor do our users or advertisers, and we are transparent about our work to remove it," Rosen wrote. "What these documents demonstrate is that our integrity work is a multi-year journey. While we will never be perfect, our teams continually work to develop our systems, identify issues and build solutions." A Wall Street Journal article on Sunday said the Facebook employees tasked with keeping offensive content off the platform don't believe the company is able to reliably screen for it. Reference Link
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OYST | Hot Stocks06:02 EDT Oyster Point Pharma announces FDA approval for Tyrvaya Nasal Spray - Oyster Point Pharma announced that the FDA has approved Tyrvaya Nasal Spray 0.03 mg for the treatment of the signs and symptoms of dry eye disease. Tyrvaya Nasal Spray is the first and only nasal spray approved for the treatment of dry eye disease. Tyrvaya Nasal Spray is believed to bind to cholinergic receptors to activate the trigeminal parasympathetic pathway resulting in increased production of basal tear film as a treatment for dry eye disease. Oyster Point Pharma is a commercial-stage biopharmaceutical company focused on the discovery, development and commercialization of first-in-class therapies to treat ophthalmic diseases. Tyrvaya Nasal Spray will be available with a prescription in November in cartons containing two multidose nasal spray bottles. Each nasal spray bottle covers treatment for 15 days, administered twice daily into each nostril. Samples that provide 15 days of treatment will also be made available to eye care providers.
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BC | Hot Stocks06:02 EDT Brunswick unit acquires Connecticut franchise operation - Freedom Boat Club, a division of Brunswick, announced that it has acquired its Freedom Boat Club of Connecticut franchise operation and territory from the current owners. The acquisition includes all current Connecticut-based locations, as well as the rights to expand and build new club locations in the territory. Currently, there are seven Freedom Boat Club locations across the Connecticut coastline from Stamford to Mystic, with plans for continued expansion ahead of the 2022 boating season.
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STLA | Hot Stocks05:28 EDT Stellantis, LG Energy Solution to form JV to produce battery cells, modules - Stellantis and LG Energy Solution announced that their companies have entered into a memorandum of understanding to form a joint venture, or JV, to produce battery cells and modules for North America. The parties intend that the joint venture will establish a new battery manufacturing facility that will help power Stellantis' goal of realizing more than 40% of its sales in the U.S. comprised of electrified vehicles by 2030. Targeted to start by Q1 of 2024, the plant aims to have an annual production capacity of 40 gigawatt hours. The batteries produced at the new facility will be supplied to Stellantis assembly plants throughout the US, Canada, and Mexico for installation in next-generation electric vehicles ranging from plug-in hybrids to full battery electric vehicles that will be sold under the Stellantis family of brands. Stellantis plans to invest more than EUR 30B through 2025 in electrification and software development, while targeting to continue to be 30% more efficient than the industry with respect to total Capex and R&D spend versus revenues. The location of the new facility is currently under review and further details will be shared at a later date. The groundbreaking for the facility is expected to take place in the second quarter of 2022. The transaction is subject to agreement on definitive documentation and customary closing conditions, including regulatory approvals.
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WMT | Hot Stocks05:24 EDT Walmart+ members to receive early access to online Black Friday events - Walmart's second annual "Black Friday Deals for Days" events will deliver a little something extra for Walmart+ members. New this year, paying Walmart+ members will receive early access to online Black Friday events throughout November - an opportunity to shop all the same deals four hours earlier than the scheduled start times for all three events. Like last year, Walmart will spread out its Black Friday savings to three events throughout November. Each savings event will begin online at Walmart.com and continue with the same deals in Walmart stores.
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RHHBY | Hot Stocks05:18 EDT Roche enters agreement with Ibex Medical Analytics - Roche announced that it has entered an agreement with Ibex Medical Analytics, an artificial intelligence-based cancer diagnostics company. Under the agreement, the companies will jointly develop an embedded image analysis workflow for pathologists to access Ibex's AI algorithms, insights, and decision support tools using NAVIFY Digital Pathology, the cloud version of Roche's uPath enterprise software.
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DVAX | Hot Stocks05:15 EDT Dynavax announces Valneva reported VLA2001 trial met co-primary endpoints - Dynavax announced that Valneva reported topline results from the Phase 3 pivotal trial of VLA2001, their inactivated COVID-19 vaccine candidate using Dynavax's CpG 1018 adjuvant. Valneva reported the following data from their Phase 3 COV-COMPARE trial in a press release issued October 18. The trial met its co-primary endpoints: VLA2001 demonstrated superiority against AZD1222, in terms of geometric mean titer for neutralization antibodies, as well as non-inferiority in terms of seroconversion rates at two weeks after the second vaccination in adults aged 30 years and older. VLA2001 was generally well-tolerated. The tolerability profile of VLA2001 was significantly more favorable compared to the active comparator vaccine. Participants 30 years and older reported significantly fewer solicited adverse events up to seven days after vaccination, both with regards to injection site reactions and systemic reactions. No unsolicited treatment-related serious adverse events have been reported. Less than 1% reported an adverse event of special interest in both treatment groups. Participants in the younger age group vaccinated with VLA2001 showed an overall safety profile comparable to the older age group.
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HSC | Hot Stocks05:11 EDT Harsco opens two new SteelPhalt asphalt plants in Wales, England - Harsco announced that its Harsco Environmental division opened two new SteelPhalt asphalt plants for the first time in sixty years. The new plants, located in Cardiff, Wales, and an additional plant at the existing Rotherham, England, facility, manufacture sustainable asphalt products using 95% recycled aggregates. The new plant in Cardiff, Wales, is situated to utilize slag from the surrounding area and is designed to produce up to 300,000 tons of sustainable asphalt products per year for the roads of South Wales and South West of England. It is the first permanent asphalt plant in Cardiff in over 70 years. The new plant in Rotherham, England, will be located on the same site as SteelPhalt's existing Rotherham plant. The existing SteelPhalt plant in Rotherham is the busiest independent asphalt plant in the U.K. The opening of an additional plant on the site will allow for an increase in service and product offering as demand for more asphalt products increases.
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NOK | Hot Stocks05:08 EDT Nokia selected by T2 to supply equipment from AirScale 5G portfolio - Nokia announced that it has been selected as the sole vendor by Slovenia's T-2 in a five-year deal to supply equipment from its AirScale 5G portfolio. The new deal will see Nokia upgrade T-2's existing Single RAN radio footprint as well as introduce enhanced 5G new radio, or NR, services. The project is expected to deliver 5G connectivity delivering coverage to businesses and consumers alike. Nokia will provide equipment from its latest AirScale radio portfolio, all powered by Nokia's ReefShark System-on-Chip technology. This includes 5G RAN, AirScale base stations, and Nokia AirScale radio access products including its Single RAN portfolio for both indoor and outdoor coverage.
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