Merck (NYSE: MRK) enters Clinical Trial Collaboration And Supply Agreement With OncoSec Medical Incorporated (NASDAQ: ONCS)

OncoSec Medical Incorporated (NASDAQ: ONCS) jumped 21.86% after entering a Clinical Trial Collaboration and Supply Agreement with Merck (NYSE: MRK) to study the combination of its DNA plasmid interleukin-12 TAVO with Merck’s KEYTRUDA (pembrolizumab) in a randomized third phase clinical study, KEYNOTE-C87. Merck and OncoSec to conduct KEYNOTE-C87 study The clinical trial will assess overall patient survival for patients treated with OncoSec’s TAVO in combination with Merck’s KEYTRUDA compared to…

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Exxon Mobil (NYSE: XOM) Fails To Discover Hydrocarbons In The Jabilo-1 Well In Canje Block, Guyana

For the second time, Exxon Mobil (NYSE: XOM) failed to make a commercial discovery in the Jabillo-1 well located in the Canje block offshore Guyana after reportedly drilling a dry hole. The company drilled the well up to 6,475 meters but didn’t find any hydrocarbons and will now be plugged.  On the other hand, the Stena DrillMax is operating in the company’s run Stabroek block and is likely to commence…

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Uber Technologies (NYSE: UBER) And Lyft Inc. (NYSE: LYFT) Are To Blame For Current Driver Shortages They Face

Workers have been leaving the ride-hailing industry leading to a severe shortage of drivers. According to Aquent CEO John Chuang, Uber Technologies (NYSE: UBER) and Lyft Inc. (NYSE: LYFT) are to blame for the crisis.  Ride-hailing companies facing driver shortages  Chuang said, “One, [ride-sharing companies] have very low wages,” Chuang said. “And they are very undesirable jobs. Now that we have 7 million less employed workers in America right now,…

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Carnival Corp (NYSE: CCL) Launches First Ship From A US Port Since The Start Of The Pandemic

Carnival Corp (NYSE: CCL) shares dropped following the announcement of a tender offer of the company’s 11.5% senior secured noted expected 2023 subject to refinancing. CCL might have dropped in line with sector-wide plunges as other cruise companies also dropped. CCL stock tests support level for the fourth time  The stock has been trading in a sideways channel, and for the fourth time, it has tested its support level. CCL…

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Sonic Automotive Inc. (NYSE: SAH) Will Not Suffer Negative Impacts Of Chip Shortage Because Of Diversified Revenue Mix

Sonic Automotive Inc. (NYSE: SAH) currently trades at consensus forward FY 2021 and 2022 normalized P/E multiple of 9.7X and 8.9X, respectively.  Chip shortage will not negatively impact Sonic Automotive’s revenue and earnings.  Despite the current semiconductor chip shortage that is likely to run until 2022, Sonic Automotive is unlikely to be impacted that much. Already major automobile OEMs have guided for lower production and revenue for 2021. Still, Sonic’s…

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Autoliv Inc. (NYSE: ALV) Releases Q1 2021 Results and Announces Plans to Build New Steering Wheel Factory

Autoliv Inc. (NYSE: ALV) has released its Q1 2021 results in which it reported net sales of $2.242 million with 17.9% organic sales growth.  Autoliv reports a strong Q1 2021 with a 17.9% growth in organic sales.  The solid organic growth was boosted by exceptional performance across all regions. The 17.9% growth in organic sales outperformed global LVP by over 4pp despite the hostile geographical mix impacts with LVP growing…

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RenaissanceRe Holdings Ltd. (NYSE: RNR) Prices Underwritten Public Offering for 20 Million Depositary Share

RenaissanceRe Holdings Ltd. (NYSE: RNR) has announced an agreement to sell 20 million depositary shares in an underwritten public offering. Each share represents 1/1000th interest per share of the 4.2% Series G Preference shares, $1 par value, and liquidation preference of $25,000 per share.  RenaissanceRe expects $500 million from offering  The public offering price per Depositary Share is $25, with the company expecting a total public offering price of $500…

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AptarGroup Inc. (NYSE: ATR) Signs Strategic Collaboration Agreement With YAT On Skincare Products

AptarGroup Inc. (NYSE: ATR) and YAT have entered a strategic partnership to develop an innovative variety of skincare products and services. The consumer product dispensing, drug delivery, and active science material will collaborate with YAT, which is a science-driven skincare solutions provider, to bring products into the skincare market.  Aptar partners with YAT YAT will combine its unique product design, concept development, and consumer-centric abilities with Aptar’s innovative dispensing and…

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PAR Technology Corporation’s (NYSE: PAR) Subsidiary, ParTech, Integrates OneDataSource to Brink POS Integration Ecosystem

PAR Technology Corporation’s (NYSE: PAR) wholly-owned subsidiary ParTech Inc. has announced expanding its Brink POS integration ecosystem by adding OneDataSource.  OneDataSource a single data access and analytics platform  OneDataSource is a multi-unit and multi-brand business analytics platform for operators with 15 or more locations. With their solutions, operators see data for every outlet in their network, including across brands. The data platform has been assisting restaurants with automatic access, essential…

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Auxly Cannabis Group Inc (OTCMKTS: CBWTF) Reinforces its Financial Position With the Execution of Modifications to the Agreement with Imperial Brands PLC (OTCMKTS: IMBBF)

Auxly Cannabis Group Inc (OTCMKTS: CBWTF) announced the execution of revisions to specific stipulations of its formerly distributed $123 million debenture and investor rights agreement dated September 25, 2019, with its strategic partner, Imperial Brands PLC (OTCMKTS: IMBBF). Auxly Cannabis sells its stake 2368523 Ontario Limited to private Buyer In other news, Auxly Cannabis has announced that it has completed the sale of its stake in 2368523 Ontario Limited to…

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