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The Zacks Analyst Blog Highlights: PayPal, BHP, American Tower, Zoom Video and Deere

Zoom (ZM) stock is grinding through an intermediate correction or long-term top ahead of Monday's third quarter earnings report.

Neither vaccine has been approved by the Food and Drug Administration (FDA) yet, but the headlines caused many investors to scurry out of stay-at-home stocks and toward battered sectors like travel and retail in hopes of capitalizing on a post-pandemic recovery. Meal kit maker Blue Apron (NYSE: APRN) has been struggling with decelerating growth, ugly losses, and a growing list of competitors since its IPO three years ago.

Salesforce may be kicking the tires on a deal for Slack, according to the Wall Street Journal.

These digital document companies are enjoying strong growth. Does one have an edge for your investment dollars?

Salesforce is reportedly in talks to acquire Slack Technologies as both face more competition with Microsoft. Slack stock soared on the news while Salesforce stock fell Wednesday.

(Bloomberg) -- Salesforce.com Inc. is considering acquiring workplace chat tool Slack Technologies Inc., according to a person familiar with the matter.Slack shares surged as much as 34% while the news weighed on Salesforce, which fell as much as 5%.The companies have been holding talks and could announce a deal as soon as next week, the person said. A deal hasn’t been finalized and could still fall apart, the person said, asking not to be named because the matter is private.Representatives for Salesforce and Slack couldn’t immediately be reached for comment.The Wall Street Journal first reported on the discussions.Acquiring Slack, which has a market valuation of almost $22 billion following reports of the talks, would be Salesforce’s biggest deal ever, according to data compiled by Bloomberg. The San Francisco-based company, led by Marc Benioff, last year acquired Tableau Software Inc. in an all-stock deal valued at $15.3 billion.“Smart move by Benioff,” if the report is true and especially if he uses stock, said Anurag Rana, an analyst at Bloomberg Intelligence. “It helps both Salesforce.com and Slack compete more aggressively with Microsoft.”Slack soared to an intraday high of $39.73. The stock has fluctuated this year as the pandemic’s effect on businesses has spread to its customer base. Shares plummeted 19% in September after the company’s quarterly billings fell short of analysts’ estimates, as its small- and mid-sized business customers cut spending budgets. The San Francisco-based company went public via a direct listing in 2019.Salesforce, which makes the U.S.’s dominant sales-tracking software, slid as much as 5.2%. It has climbed about 60% this year for a market valuation of $227 billion.(Updates with attribution starting in the first paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Any deal for Slack (ticker: WORK) would value the company at more than its current $17 billion market capitalization, The Wall Street Journal reported, citing people familiar with the matter. The Journal said there was no guarantee the discussions would lead to a deal. An acquisition of Slack would be the largest by San Francisco-based Salesforce (CRM) since its $15.7 billion buy of Tableau Software in 2019.

The Dow Jones fell back below the 30,000 barrier as stocks struggled on a downbeat jobs report. Meanwhile Slack Technologies exploded on the news it has held merger talks.

Salesforce.com Inc.'s acquisition of Slack Technologies Inc. would be a major challenge to Microsoft Corp. , one analyst said Wednesday, following a report of a possible deal in the works, and may set off a wave of software acquisitions. "This deal would be a major shot across the bow at Microsoft with the company's Teams offering a direct messaging competitor against Slack that has been a clear hurdle to growth and now would be a two horse race between Microsoft and Salesforce," said Wedbush analyst Dan Ives in a note Wednesday. Microsoft already butts heads with Salesforce, which specializes in customer relationship management software, with its Dynamics 365 CRM service. Salesforce's acquisition of Slack could also set off a string of software company acquisitions across the tech industry well into next year, Ives said. "This would also have a ripple impact for Google and its cloud endeavors and put more pressure on [Google Cloud CEO Thomas] Kurian and GCP to do a collaborative cloud deal over the next 3 to 6 months to keep pace with the likes of Amazon , Microsoft, and Salesforce." Slack shares were last up more than 23%, while Salesforce shares were down about 3%. Slack shares closed Tuesday at $29.58 giving the company a market cap of $16.89 billion. The report was not the only shake-up in the cloud industry Wednesday as Amazon's AWS public cloud service was experiencing a major outage, grounding many online services that depend on it.

IBM is reportedly planning to cut 10,000 jobs in Europe, and Salesforce is reportedly eyeing an acquisition of Slack.

Business software giant salesforce.com (NYSE: CRM) is reportedly considering a buyout of business collaboration tools specialist Slack Technologies (NYSE: WORK). The report triggered dramatic market reactions to both of these stocks, driving Slack shares as much as 32.5% higher while Salesforce shares fell as much as 5.2%. According to a widely cited brief from The Wall Street Journal, Salesforce has been talking to Slack about a business combination in recent weeks.

Salesforce is reportedly in talks to purchase Slack, which has a market capitalization of $17 billion.

Cloud-based software company Salesforce.com Inc is in talks to acquire workplace messaging app Slack Technologies Inc as it seeks to expand its offerings to businesses, people familiar with the matter said on Wednesday. Salesforce sees the potential acquisition as a logical extension of its enterprise offerings, the sources said. The price it was offering for Slack could not be learned, though one of the sources said Salesforce would pay cash for the deal, rather than use its stock as currency.

After closing above 30,000 for the first time Tuesday, the Dow Jones Industrial Average took a breather ahead of the Thanksgiving holiday.

Salesforce has recently been in talks to buy Slack, according to Dow Jones. Yahoo Finance's Jared Blikre discusses.

(Bloomberg Opinion) -- If you’re in the business of selling picks and shovels for the gold rush, then there’s a logic to raising money when the scramble is at its most frenzied.Stripe Inc. co-founders Patrick and John Collison certainly get the idea. The Irish brothers are raising funds for their online payments company at a valuation of between $70 billion and $100 billion, Bloomberg News reported on Tuesday. In April, the San Francisco-based firm was valued at just $36 billion. But soaring private valuations do come with a risk.Stripe is a beneficiary of the virus-induced lockdowns. E-commerce was booming before Covid-19 struck, but global stay-at-home orders have taken things to a whole new level. Online sales grew an average of 15% annually between 2010 and the start of this year, according to the U.S. Census Bureau. Then in the three months through June, they jumped 45% from a year earlier, as shops were shuttered and spending shifted online. The pace of growth decelerated to 37% in the third quarter as some lockdown measures eased.The increase must have been good news for the Collisons, whose firm takes a cut of payments made to merchants that use its products. As a private company, Stripe doesn’t publish any of its financials, but publicly traded Dutch competitor Adyen NV provides a useful yardstick.The Amsterdam-based rival said that the weekly volume of online retail payments it processed almost doubled between January and mid-September. Even though its overall pace of sales growth almost halved — it’s been held back by significant exposure to the travel industry, where payment volumes fell by about two-thirds in the same period — Adyen’s stock has more than doubled since the start of the year. As of Wednesday, it’s valued at 48 billion euros ($57 billion).Stripe is tracking that same trajectory: A new valuation of $70 billion would represent a doubling since April. The companies are broadly similar, offering a global product that no others have yet managed to match. But their customer base has differed, according to ABN Amro Bank NV analyst Cor Kluis. Adyen has historically focused on large multinational clients such as Uber Technologies Inc., eBay Inc., Gap Inc. and Booking Holdings Inc., while Stripe has concentrated on smaller businesses, he said. That has allowed Adyen to charge less than Stripe, since it’s more affordable to scale your services for large clients than for a panoply of smaller ones. Increasingly, though, the payments processors are encountering each other in the middle, as Stripe extends its offering upward into medium-sized companies and Adyen moves downward into the same space.There will be unanswered questions about Stripe’s valuation, though, particularly if it lands at the upper end of the reported range. The accelerated adoption of e-commerce this year might make it harder to replicate the pace of growth in the years to come.The new funding round might give the Collisons the choice of pushing any prospective initial public offering further down the line, but a punchy private valuation might also make such a delay necessary. If e-commerce growth slows once life returns to a semblance of normality, then justifying a $100 billion valuation to the public markets could be tougher. Silicon Valley stars from Lyft Inc. to Slack Technologies Inc. have shown that life under the withering gaze of public investors can be difficult — both stocks continue to trade below their IPO price.There’s a lot to be said for making hay while the sun shines. But beware of sunburn.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

If you are looking for the best ideas for your portfolio you may want to consider some of Tao Value’s top stock picks. Tao Value, an investment management firm, is bullish on Pinduoduo Inc. (NASDAQ:PDD) stock. In its Q3 2019 investor letter – you can download a copy here – the firm discussed its investment […]

As stock market volatility creates both challenges and opportunities, here's a look at Etsy, ServiceNow, Crocs and others on the IBD Breakout Stocks Index.

HANGZHOU, China, Nov. 25, 2020 (GLOBE NEWSWIRE) -- In a release issued on November, 24 2020 by Yunji Inc. (NASDAQ: YJ), please note that multiple changes throughout the text have been implemented, including in the headline. The corrected release follows:Yunji Announces the Signing of a Cooperative Framework Agreement with Douyin's E-Commerce BusinessYunji Inc. (“Yunji” or the “Company”) (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced that it has signed a cooperative framework agreement (the “Agreement”) with Douyin's E-Commerce Business. The Agreement’s establishment is in line with the Company’s strategy of exploring the live streaming potential of external platforms in such areas as product supply chain, e-commerce streamer resources, and platform traffic. Through the Agreement, the Company will leverage its online store and video account on Douyin's E-Commerce Business to introduce and promote more quality products sourced from its differentiated supply chain. In addition, through attractive live streaming events on Douyin's E-Commerce Business, the Company will also be able to expand the influence of the high-quality private label and joint-venture brands in its network to external platforms as well as provide a broader consumer base range with access to its premium products.On September 25, the Company chose to make its live streaming debut in a popular streamer’s live streaming room on the partnered platform. As part of this event, Yunji Founder and CEO Shanglue Xiao made a guest appearance and introduced a number of select goods to the audience. This live steaming event reached 10.7 million views and recorded RMB87.5 million in gross merchandise value (“GMV”). Subsequently, Yunji collaborated with another popular streamer and achieved good results. During Yunji's Double Eleven Shopping Carnival, Yunji cooperated with a popular streamer on the partnered platform and recorded RMB50.2 million in GMV. Notably, Yunji has generated a cumulative GMV of RMB170.0 million through the three live streaming events it has hosted on Douyin's E-Commerce Business to date.Safe Harbor StatementsThis announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue” or other similar expressions. Among other things, the quotations from management in this announcement, as well as Yunji’s strategic and operational plans, contain forward-looking statements. Yunji may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Yunji’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Yunji’s growth strategies; its future business development, results of operations and financial condition; its ability to understand buyer needs and provide products and services to attract and retain buyers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to rely on merchants and third-party logistics service providers to provide delivery services to buyers; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with merchants; trends and competition in China’s e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of China’s e-commerce market; PRC governmental policies and regulations relating to Yunji’s industry, and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Yunji’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Yunji undertakes no obligation to update any forward-looking statement, except as required under applicable law.About Yunji Inc.Yunji Inc. is a leading social e-commerce platform in China that has pioneered a unique, membership-based model to leverage the power of social interactions. The Company's e-commerce platform offers high-quality products at attractive prices across a wide variety of categories catering to the day-to-day needs of Chinese consumers. In addition, the Company uses advanced technologies including big data and artificial intelligence to optimize user experience and incentivize members to promote the platform as well as share products with their social contacts. Through deliberate product curation, centralized merchandise sourcing, and efficient supply chain management, Yunji has established itself as a trustworthy e-commerce platform with high-quality products and exclusive membership benefits, including discounted prices.For more information, please visit https://investor.yunjiglobal.com/Investor Relations ContactYunji Inc. Investor Relations Email: Yunji.IR@icrinc.com Phone: +1 (646) 224-6957ICR, Inc. Xinran Rao Email: Yunji.IR@icrinc.com Phone: +1 (646) 224-6957

Dada Group (Nasdaq: DADA) ("Dada" or the "Company"), China's leading local on-demand delivery and retail platform, is pleased to announce that Phillip Kuai, Dada's Founder, Chairman and Chief Executive Officer, attended and delivered remarks at China Chain Store & Franchise Association's ("CCFA") 2020 China National Retail Congress in Shanghai on November 19. In his address, Mr. Kuai discussed how Dada's model delivers value to retailers, brands and consumers by shaping a new era of local on-demand retail in China.

Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of Pinterest Inc. ("Pinterest" or the "Company") (NYSE: PINS) from May 16, 2019 through November 1, 2019 (the "Class Period"). The lawsuit filed in the United States District Court for the Northern District of California alleges violations of the Securities Exchange Act of 1934.

Recent 13F filings show high-profile money managers are putting their money to work in fast-growing businesses.

Pinterest Inc (NYSE: PINS) is experimenting with a new feature that explores virtual events including online classrooms, TechCrunch reports. The upgrade to the image sharing and social media app was first brought to light in a tweet by reverse engineer Jane Manchun Wong.What Happened: Reportedly, the feature would connect users to a common meeting room through Zoom Video Communications Inc's (NASDAQ: ZM) video calling app, while Pinterest boards will be available for organizing study materials and other resources. Users can also interact using a group chat option.Wong shared the names of a few demo Pinterest profiles with a Class Communities section. Wong remarks that "these communities are empty when you click through. That's because the feature is still unreleased.""We are experimenting with ways to help creators interact more closely with their audience," a Pinterest spokesperson told TechCrunch. The company hasn't yet made any official statement about Wong's discovery of the latest feature.Why Does It Matter: There are speculations that users will have access to tools for organizing course materials, including community interaction functionalities like group chat and shopping.The move seems to be motivated by Pinterest's popularity as a learning resource organizer during the pandemic, TechCrunch noted. Pinterest reported a monthly active userbase of 442 million, in its latest quarter.In September, Pinterest released a beta version of Story Pins - a video feed similar to Facebook Inc's (NASDAQ: FB) Facebook and Instagram Stories and Snap Inc's (NYSE: SNAP) Snapchat, according to CNBC. Last week, Twitter Inc (NYSE: TWTR) too announced a global rollout of a similar feature called Fleets.Price Action: After a 2.60% drop in Tuesday's regular trading hours, PINS dipped an additional 0.52% in the after-hours at $63.70.See more from Benzinga * Click here for options trades from Benzinga * Discord Valued At B In Latest Funding Talks: Report * Novartis Kicks Off .5B Share Buyback Program On Strong Pipeline Growth(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Pinterest is getting into online events. The company has been spotted testing a new feature that allows users to sign up for Zoom classes through Pinterest, while creators use Pinterest's class boards to organize class materials, notes and other resources, or even connect with attendees through a group chat option. The company confirmed the test of online classes is an experiment now in development, but wouldn't offer further details about its plans.

Whilst it may not be a huge deal, we thought it was good to see that the LiveXLive Media, Inc. (NASDAQ:LIVX) Founder...

JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced the resignation of Mr. Zhiqun Xu as the Company's Chief Operating Officer and the appointment of Dr. Jiun-Hua Allen Guo as the Company's new Chief Operating Officer. Dr. Guo, who currently serves as the Company's vice president for Quality System, will assume his new role and responsibilities immediately. Mr. Xu will be leaving the Company to pursue other opportunities.

CNX Resources (CNX) prices $500 million of 6% senior notes. The proceeds from the same are going to be used for the company's general corporate purposes.

Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today

(Bloomberg) -- Compass, a SoftBank-backed company that’s among the largest real estate brokerages in the U.S., has selected underwriters for a potential initial public offering, according to a person with knowledge of the matter.The New York-based startup is working with Goldman Sachs Group Inc. and Morgan Stanley ahead of a listing that’s slated for 2021, said the person, who requested anonymity because the information isn’t public.Representatives for Compass and Goldman declined to comment. A spokesman for Morgan Stanley didn’t immediately have a comment.Compass was founded in 2012 by Ori Allon and Robert Reffkin, a Goldman alum who was once Gary Cohn’s chief of staff at the bank. It positions itself as a real estate firm that uses technology to give its agents an advantage over rivals. The company has used capital from venture investors to expand by acquiring smaller brokerages across the U.S.Low mortgage rates have fueled a housing rally in the U.S. as Americans seek more space to spread out in the pandemic. That’s boosted residential real estate companies, including Zillow Group Inc. and Opendoor, another SoftBank-backed company. Realogy Holdings Corp., which owns Compass competitor Corcoran Group, has seen its shares rally about 28% this year.In addition to SoftBank, which participated in a $370 million funding round last year that valued Compass at $6.4 billion, investors include Goldman Sachs, Fidelity, Wellington Management, Founders Fund, Dragoneer Investment Group and Canada Pension Plan Investment Board, according to its website.Former American Express Chief Executive Officer Ken Chenault and Salesforce.com CEO Marc Benioff are also investors.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

(NASDAQ: RDFN) — The typical single-family home that sold in the U.S. this year was purchased for an average of 17.3% more ($58,000) than the typical condo, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That's up from 15.4% last year and represents the largest premium since at least 2013, when Redfin began recording this data.

Redfin (NASDAQ: RDFN) shares fell with the broader markets in the early days of the pandemic, but the stock since late March has recovered nicely and has more than doubled for the year. In this Nov. 12 discussion on Motley Fool Live during the recording of the Industry Focus podcast, Motley Fool analyst Tim Beyers and Industry Focus host Nick Sciple provide an overview of Redfin's business and talk about why the company has been able to outperform during a very unusual period. Nick Sciple: Why don't you give us a high-level overview of what Redfin is and what they do?

PayPal CEO Daniel Schulman says capitalism needs a tune up. And the pandemic makes change even more urgent.

GoodRx CEO Doug Hirsch discusses why the mail-order pharmacy business is more challenging than it looks, and why “it’s not GoodRx versus Amazon.”

Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of Pinterest Inc. ("Pinterest" or the "Company") (NYSE: PINS) from May 16, 2019 through November 1, 2019 (the "Class Period"). The lawsuit filed in the United States District Court for the Northern District of California alleges violations of the Securities Exchange Act of 1934.

Recent 13F filings show high-profile money managers are putting their money to work in fast-growing businesses.

Pinterest Inc (NYSE: PINS) is experimenting with a new feature that explores virtual events including online classrooms, TechCrunch reports. The upgrade to the image sharing and social media app was first brought to light in a tweet by reverse engineer Jane Manchun Wong.What Happened: Reportedly, the feature would connect users to a common meeting room through Zoom Video Communications Inc's (NASDAQ: ZM) video calling app, while Pinterest boards will be available for organizing study materials and other resources. Users can also interact using a group chat option.Wong shared the names of a few demo Pinterest profiles with a Class Communities section. Wong remarks that "these communities are empty when you click through. That's because the feature is still unreleased.""We are experimenting with ways to help creators interact more closely with their audience," a Pinterest spokesperson told TechCrunch. The company hasn't yet made any official statement about Wong's discovery of the latest feature.Why Does It Matter: There are speculations that users will have access to tools for organizing course materials, including community interaction functionalities like group chat and shopping.The move seems to be motivated by Pinterest's popularity as a learning resource organizer during the pandemic, TechCrunch noted. Pinterest reported a monthly active userbase of 442 million, in its latest quarter.In September, Pinterest released a beta version of Story Pins - a video feed similar to Facebook Inc's (NASDAQ: FB) Facebook and Instagram Stories and Snap Inc's (NYSE: SNAP) Snapchat, according to CNBC. Last week, Twitter Inc (NYSE: TWTR) too announced a global rollout of a similar feature called Fleets.Price Action: After a 2.60% drop in Tuesday's regular trading hours, PINS dipped an additional 0.52% in the after-hours at $63.70.See more from Benzinga * Click here for options trades from Benzinga * Discord Valued At B In Latest Funding Talks: Report * Novartis Kicks Off .5B Share Buyback Program On Strong Pipeline Growth(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Pinterest is getting into online events. The company has been spotted testing a new feature that allows users to sign up for Zoom classes through Pinterest, while creators use Pinterest's class boards to organize class materials, notes and other resources, or even connect with attendees through a group chat option. The company confirmed the test of online classes is an experiment now in development, but wouldn't offer further details about its plans.

World Boxing Athletic Commission to Both Score and Determine Winner for November 28th Fight With Wagering Available via DraftKings “A Knockout Will be a Win”BOSTON, Nov. 25, 2020 (GLOBE NEWSWIRE) -- Today, DraftKings (Nasdaq: DKNG) has become the “Official Sports Betting Partner” of the upcoming boxing match contested between former undisputed heavyweight world champion, Mike Tyson, and former four-division world champion, Roy Jones Jr. The big event, which is scheduled for November 28, 2020, has partnered with DraftKings as its official sports betting partner (subject to state restrictions) along with a nationally available free-to-play pool. The bouts will all be sanctioned by CSAC and scored by the World Boxing Athletic Commission, who will additionally choose a winner based on pro-fighting rules. A knockout will also be considered a win.“Viewers of this fight will be at the forefront of a premier and customer-first event that pits two generationally dominant boxing talents against one another while also integrating DraftKings branding and exclusive sportsbook data for a seamless second-screen experience,” said Ezra Kucharz, chief business officer at DraftKings. “Sports betting technology has evolved exponentially since Mike Tyson or Roy Jones Jr. were crowned world champions, so seeing these legends now clash within this innovative era of our industry is something special.” Undercard sports betting on DraftKings will be available in Colorado, Illinois, Indiana, Iowa, New Hampshire, New Jersey and Tennessee while bettors in Illinois, New Hampshire and New Jersey can wager on the main card and fans nationwide can enter a free-to-play pool for the match. Additionally, DraftKings branding will appear throughout the match’s media day, weigh-in and boxing ring. As part of the sponsorship, DraftKings will also develop a “DraftKings Tale of the Bet” original series to capture sportsbook trends such as percentage of bets and handle, significant bet placements and unique market offers.“We couldn’t be happier to have DraftKings as the betting partner for the Tyson vs. Jones Jr. fight. This is an epic event we will all remember, and it is exciting to have the power and scale of DraftKings allow viewers to participate in a meaningful way,” said Ryan Kavanaugh, a producer of the event. Hosted by Mario Lopez, the highly-anticipated return of Mike Tyson and Roy Jones Jr. headlines the four-hour live event that will air globally on November 28th at 8pm ET, with the three-hour main card beginning at 9:00pm ET on Pay-Per-View through cable and satellite providers and PPV streaming on www.TysonOnTriller.com. Triller has also secured legendary musical guests, including DaBaby, Lil Wayne, French Montana, Wiz Khalifa, and YG with Ne-Yo set to perform the national anthem. “Triller is thrilled to have DraftKings as the official betting partner of Tyson’s return. With fans excited to participate in this significant face-off, we knew we needed an official facilitator. They become one of the many new brand partners to join the Triller family and the integration we have planned with them is nothing short of amazing,” said Bonin Bough, Chief Growth Officer of Triller. Tyson and Jones will be joined by several undercard bouts including YouTuber Jake Paul against former NBA player Nate Robinson. Additionally, former WBC super-middleweight champion Badou Jack will take on Blake McKernan while Viddal Riley matches up with Rashad Coulter to round out the remaining undercard fights. The fight can be ordered on Pay-Per-View through cable and satellite providers and is also available on PPV streaming at www.tysonontriller.com. The event is $49.99. Fans can access DraftKings Sportsbook and Daily Fantasy Sports apps anywhere by visiting www.draftkings.com or by downloading the DraftKings app via iOS and Android. About DraftKings DraftKings Inc. (Nasdaq: DKNG) is a digital sports entertainment and gaming company created to fuel the competitive spirits of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for 50+ operators across more than 15 regulated U.S. and global markets, including Arkansas and Oregon in the U.S. DraftKings’ Sportsbook offers mobile and retail betting for major U.S. and international sports and operates in the United States pursuant to regulations in Colorado, Illinois, Indiana, Iowa, Mississippi, New Hampshire, New Jersey, New York, Pennsylvania, Tennessee and West Virginia. DraftKings’ daily fantasy sports product is available in 8 countries internationally with 15 distinct sports categories. DraftKings is the official daily fantasy partner of the NFL, MLB and the PGA TOUR as well as an authorized gaming operator of the NBA and MLB and an official betting operator of the PGA TOUR.About TrillerTriller is an AI-driven music and social media experience bringing together creators, artists, and brands around the world. Powered by the motto “You Do You,” Triller allows users to create and share videos in seconds with features including an exclusive set of Triller Lenses powered by Snap, interactive Text Over Video, and Mashtraxx music editing technology. Celebrities like Alicia Keys, Cardi B, Chance the Rapper, Marshmello, Roddy Ricch, and Eminem regularly use the app to create their own original music videos, while Triller has attracted brands such as Pepsi, Chipotle, Manscaped, Boost Mobile, and more. Triller recently was acquired by Proxima Media. For more information, visit www.triller.co and follow @triller on Instagram. Forward-Looking StatementsCertain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings’ control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see DraftKings’ Securities and Exchange Commission filings. DraftKings does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.DraftKings Media Contact media@draftkings.com @DraftKingsNews

Dada Group (Nasdaq: DADA) ("Dada" or the "Company"), China's leading local on-demand delivery and retail platform, is pleased to announce that Phillip Kuai, Dada's Founder, Chairman and Chief Executive Officer, attended and delivered remarks at China Chain Store & Franchise Association's ("CCFA") 2020 China National Retail Congress in Shanghai on November 19. In his address, Mr. Kuai discussed how Dada's model delivers value to retailers, brands and consumers by shaping a new era of local on-demand retail in China.

Thank you, and welcome to 21Vianet Group's Third Quarter 2020 Earnings Conference Call. With us today are Mr. Alvin Wang, Chief Executive Officer and President; Mr. Samuel Shen, Executive Chairman of the Retail IDC Business Group; Ms. Sharon Liu, Chief Financial Officer; and Ms. Rene Jiang, Investor Relations Director of the Company. Before we start, please note that this call may contain forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995.

If you want to know who really controls Genasys Inc. (NASDAQ:GNSS), then you'll have to look at the makeup of its...

Ciena's (CIEN) WaveLogic 5 Extreme integrates cutting-edge innovation to deliver fiber capacity with less equipment.

Slack Technologies, Sierra Wireless, Raven Industries, 21Vianet Group and Nordstrom are five of the biggest gainers on Wednesday.

Canada has ordered more COVID-19 vaccine doses per capita than any other country - at least 194 million and up to 414 million doses for its population of 38 million. With limited manufacturing capacity, six of the vaccines the country has ordered will have to be imported and the first are unlikely to arrive before early 2021, while a candidate from Quebec's Medicago is likely at least six months from approval. WHICH VACCINES COULD BE AVAILABLE IN CANADA?

The biotech firm will go from no product sales to more than $13 billion next year, writes Goldman Sachs’ Salveen Richter. She’s raising her price target for the stock to $139 from $107.

What happened Shares of Moderna (NASDAQ: MRNA) were jumping 5.9% higher as of 11:36 a.m. EST on Wednesday. The nice gain came after the biotech announced that the European Commission approved an agreement to secure 80 million doses of Moderna's COVID-19 vaccine mRNA-1273 with an option to purchase up to 160 million doses.

Moderna popped Wednesday after the company inked a deal for at least 80 million doses of its coronavirus vaccine with the European Commission. The drug is based on messenger RNA technology.

The U.S. recorded the highest number of deaths from the coronavirus illness COVID-19 since May on Tuesday, and continues to average close to 200,000 new cases a day, with hospitals across the nation reporting exhausted health care workers and steadily filling intensive care units.

Yahoo Finance’s Julie Hyman, Myles Udland, and Brian Sozzi speak with CDC Director Robert Redfield about the COVID-19 quarantine and vaccine outlook.

Zoom (ZM) stock is grinding through an intermediate correction or long-term top ahead of Monday's third quarter earnings report.

The U.S. Centers for Disease Control and Prevention (CDC) is aiming to reduce the quarantine requirements for someone potentially exposed to the virus from 14 days to somewhere between 7 to 10 days.

The overall optimism in the market, thanks to the positive news on the vaccine front and strong rebound in the economy creates a favorable backdrop for mortgage REITs like AGNC, NLY, and RC.

Shares of Equillium Inc. tumbled 12.6% in premarket trading Wednesday, after the biotechnology company said it decided not to initiate a Phase 3 trial its itolizumab for the treatment of hospitalized COVID-19 patients "at this time." The company said its decision was based on a review of recent updates regarding the efficacy of COVID-19 vaccine candidates and other treatment options. Vaccine candidates from Moderna Inc. and Pfizer Inc. and BioNTech SE have recently demonstrated mid-90s percentages, and Regeneron Pharmaceuticals Inc.'s antibody cocktail for treating COVID-19 received emergency use authorization by the Food and Drug Administration. "We are continuing to assess the rapidly evolving clinical and commercial landscape related to this pandemic and may consider other options to evaluate itolizumab in COVID-19 patients, including government research initiatives," said Chief Executive Bruce Steel. Equillium's stock has run up 50.6% year to date through Tuesday, while the iShares Nasdaq Biotechnology ETF has advanced 14.7% and the S&P 500 has gained 12.5%.

Traditionally, the stock market tends to perform well from the Thanksgiving week till the end of the year. This calls for investing in growth stocks like General Motors (GM) & Malibu Boats (MBUU).

Boston-based Ginkgo, which is backed by Bill Gates’s private investment firm Cascade Investment and hedge fund Viking Global, has worked on projects including helping optimize a piece of the manufacturing process of Moderna’s messenger RNA vaccine and making coronavirus tests. The company said it would use the loan from the U.S. International Development Finance Corp, or DFC, for its ongoing COVID-19 programs and to retain its infrastructure for any future pandemic.

The U.S. government has agreed to loan privately-held biotechnology firm Ginkgo Bioworks $1.1 billion for COVID-19 testing and the production of raw materials for therapies that may help address future pandemics. Boston-based Ginkgo, which is backed by Bill Gates’s private investment firm Cascade Investment and hedge fund Viking Global, has worked on projects including helping optimize a piece of the manufacturing process of Moderna’s messenger RNA vaccine and making coronavirus tests. The company said it would use the loan from the U.S. International Development Finance Corp, or DFC, for its ongoing COVID-19 programs and to retain its infrastructure for any future pandemic.

U.S. stocks pointed to a mixed open on Wednesday, with the Dow Jones Industrial Average likely to retreat somewhat from its historic close above a milestone at 30,000 on the day before the Thanksgiving holiday.

AstraZeneca (NASDAQ: AZN) recently became the third company in as many weeks to report positive interim results from a big randomized study with an experimental coronavirus vaccine. How does AstraZeneca's candidate compare to experimental vaccines from Pfizer (NYSE: PFE) and Moderna (NASDAQ: MRNA) that are just a few steps ahead? As you might suspect, the different candidates have their own strengths and weaknesses.

The coronavirus disease 2019 (COVID-19) pandemic has completely upended our societal norms and transformed the workplace. As of Monday, Nov. 23, there were nearly 12.4 million positive cases of COVID-19 in the U.S. and more than 257,000 deaths, per Johns Hopkins University data. This mountain of adversity has also led to a monumental feat within the scientific community.

Now that AstraZeneca (NASDAQ: AZN) is reporting that its candidate AZD1222 may be 90% effective at preventing coronavirus infections, people all over the world could soon face that choice. If approved vaccines are of equal quality, then choosing the cheaper option is easy. Compared to the candidate produced by Moderna, AZD1222 could be around 5% less effective on the basis of the clinical trial data disclosed so far.

Moderna announces the European Commission’s approval of advance purchase agreement for initial 80 million doses of mRNA vaccine against COVID-19

The companies might both win the coronavirus vaccine race -- but only one may dominate the market in the long term.

You don't have to try very hard to find reasons to avoid shares of Moderna (NASDAQ: MRNA). With the biotech stock more than quintupling in value so far this year, it's understandable that some investors might want to stay away from Moderna. While there are certainly some reasons to steer clear of Moderna, there are also at least 330 million reasons to buy the stock right now.

Gap is plunging about 20% after reporting disappointing earnings. Let's consult the charts to see if this is a dip to buy.

Gap’s namesake and Banana Republic brands are still struggling, but Old Navy and Athleta are expected to grow to 70% of the company’s business by 2023.

Shares of Gap (NYSE: GPS) were plunging 18% lower in morning trading Wednesday after the apparel retailer posted disappointing third-quarter earnings. The retailer reported earnings of $0.25 per share compared to Wall Street forecasts of $0.27 per share.

Nordstrom (NYSE: JWN) shares are trading higher on Wednesday after the company reported better-than-expected third-quarter EPS results.Nordstrom is a fashion retailer that operates approximately 100 department stores in the U.S. and Canada and approximately 250 outlet stores under the names Nordstrom Rack and Last Chance.Nordstrom shares were trading up 17.36% at $28.93 on Wednesday. The stock has a 52-week high of $43.37 and a 52-week low of $11.72.Gap (NYSE: GPS) shares are trading lower after the company reported worse-than-expected third-quarter EPS results.Gap retails apparel, accessories, and personal care products under the Gap, Old Navy, Banana Republic, Athleta, Hill City, Janie & Jack, and Intermix brands. Old Navy generates nearly half of Gap's sales.Gap shares were trading down 18.61% at $21.87 on Wednesday. The stock has a 52-week high of $26.99 and a 52-week low of $5.26.See more from Benzinga * Click here for options trades from Benzinga * Why These 3 Health Care Stocks Are Trading Higher Today * Why These 2 Energy Stocks Are Moving Today(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Julie Hyman, Brian Sozzi and Myles Udland break down some of Wednesday's pre-market earnings movers, including HP Inc., Dell, Gap and Deere.

Nikola led a sell-off among electric auto stocks, and Microsoft topped the Dow Jones today, as stock futures were mixed after a jump in jobless claims data.

(Bloomberg Opinion) -- If you’re in the business of selling picks and shovels for the gold rush, then there’s a logic to raising money when the scramble is at its most frenzied.Stripe Inc. co-founders Patrick and John Collison certainly get the idea. The Irish brothers are raising funds for their online payments company at a valuation of between $70 billion and $100 billion, Bloomberg News reported on Tuesday. In April, the San Francisco-based firm was valued at just $36 billion. But soaring private valuations do come with a risk.Stripe is a beneficiary of the virus-induced lockdowns. E-commerce was booming before Covid-19 struck, but global stay-at-home orders have taken things to a whole new level. Online sales grew an average of 15% annually between 2010 and the start of this year, according to the U.S. Census Bureau. Then in the three months through June, they jumped 45% from a year earlier, as shops were shuttered and spending shifted online. The pace of growth decelerated to 37% in the third quarter as some lockdown measures eased.The increase must have been good news for the Collisons, whose firm takes a cut of payments made to merchants that use its products. As a private company, Stripe doesn’t publish any of its financials, but publicly traded Dutch competitor Adyen NV provides a useful yardstick.The Amsterdam-based rival said that the weekly volume of online retail payments it processed almost doubled between January and mid-September. Even though its overall pace of sales growth almost halved — it’s been held back by significant exposure to the travel industry, where payment volumes fell by about two-thirds in the same period — Adyen’s stock has more than doubled since the start of the year. As of Wednesday, it’s valued at 48 billion euros ($57 billion).Stripe is tracking that same trajectory: A new valuation of $70 billion would represent a doubling since April. The companies are broadly similar, offering a global product that no others have yet managed to match. But their customer base has differed, according to ABN Amro Bank NV analyst Cor Kluis. Adyen has historically focused on large multinational clients such as Uber Technologies Inc., eBay Inc., Gap Inc. and Booking Holdings Inc., while Stripe has concentrated on smaller businesses, he said. That has allowed Adyen to charge less than Stripe, since it’s more affordable to scale your services for large clients than for a panoply of smaller ones. Increasingly, though, the payments processors are encountering each other in the middle, as Stripe extends its offering upward into medium-sized companies and Adyen moves downward into the same space.There will be unanswered questions about Stripe’s valuation, though, particularly if it lands at the upper end of the reported range. The accelerated adoption of e-commerce this year might make it harder to replicate the pace of growth in the years to come.The new funding round might give the Collisons the choice of pushing any prospective initial public offering further down the line, but a punchy private valuation might also make such a delay necessary. If e-commerce growth slows once life returns to a semblance of normality, then justifying a $100 billion valuation to the public markets could be tougher. Silicon Valley stars from Lyft Inc. to Slack Technologies Inc. have shown that life under the withering gaze of public investors can be difficult — both stocks continue to trade below their IPO price.There’s a lot to be said for making hay while the sun shines. But beware of sunburn.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Gap shares gap lower after the clothing retailer posted third-quarter earnings that miss forecasts, prompting at least one analyst to issue a downgrade.

Gap (GPS) reports improved sales in third-quarter fiscal 2020 on robust online and comparable sales growth. However, higher operating expenses mar the bottom line.

Citigroup’s Paul Lejuez lowered his rating on the stock to Hold from Buy. Other analysts were more positive.

Abercrombie's (ANF) Q3 performance reflects adverse impacts of the pandemic on store sales. Nevertheless, the results gain from improved gross margins and better expense control.

L Brands replaced the chief executive of its Victoria's Secret lingerie unit less than two years into his tenure. The Columbus, Ohio, retailing company has suffered from Founder Leslie Wexner's association with the deceased sexual predator Jeffrey Epstein and early on from the coronavirus pandemic. The shift of women's preferences away from racy couture also has hit Victoria's Secret over the past few years.

L Brands Inc. said Wednesday that it has named Martin Waters as chief executive of the Victoria's Secret lingerie brand, replacing John Mehas who had only been in the role since Feb. 2019. Waters joined L Brands in 2008 and has served as head of the international division. Janie Schaffer has also been named chief design officer for Victoria's Secret Lingerie. The Victoria's Secret brand is in the process of a turnaround after falling out of step with trends. L Brands has also named other company leaders, including Becky Behringer who was promoted to executive vice president of North America store sales and operations. L Brands shares have soared nearly 115% for the year to date while the S&P 500 index has gained 12.2% for the period.

Burlington Stores (BURL) posts better-than-expected results for third-quarter fiscal 2020. However, comps for November-to-date fell to low-double digits.

COLUMBUS, Ohio, Nov. 25, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) announced several key leadership appointments at Victoria’s Secret. Effective immediately, Martin Waters was named Chief Executive Officer of Victoria’s Secret Lingerie, replacing John Mehas, who has served in the role since February 2019. Waters will report to Stuart Burgdoerfer, Interim CEO of Victoria’s Secret and CFO of L Brands. Laura Miller was named Chief Human Resources Officer of Victoria’s Secret; Becky Behringer was promoted to Executive Vice President of North America Store Sales and Operations; and Janie Schaffer was named Chief Design Officer of Victoria’s Secret Lingerie. “The Board and I are thrilled by the appointments of these talented leaders with demonstrated records of execution,” said Sarah Nash, chair of L Brands’ Board of Directors. “Martin Waters is an experienced retail executive who has led our international business for the past 12 years. He is an exceptional leader and is widely respected both within and outside of our business. Laura brings a wealth of experience and knowledge to the role of CHRO, combined with a passion for helping people reach their full potential. Becky’s deep knowledge of our stores organization and the customer will help us deliver success as we approach the Holiday season and beyond. Janie is a proven leader with a record of creating and re-positioning brands and growing profitable sales across international markets.”Nash continued, “With their collective expertise and working together alongside the entire leadership team at Victoria’s Secret, we will continue to drive the business forward and reposition it for success. We thank John for his contributions to the brand during his tenure.”About Martin Waters: Waters joined L Brands in 2008 as head of the international division. Under Martin’s leadership, the international business has expanded from the early phases of incubation to more than 700 stores globally. Prior to his role with L Brands, Martin was managing director for Boots International, Europe’s leading health and beauty retailer. Martin also has significant experience in strategic planning, merchandising, planning and allocation, brand management, marketing and supply chain operations.About Laura Miller: Laura Miller has more than 30 years of Human Resources experience working in a variety of roles in large global organizations. She most recently served as the CHRO of Royal Caribbean Cruise Lines, Ltd. Previously, she served as CHRO for ADT, as well as Coca Cola Refreshments, and held a variety of HR roles at the Raytheon Company. Miller has a degree in Industrial and Labor Relations from Cornell University. About Becky Behringer: Becky Behringer joined Victoria’s Secret in 2002. Her most recent role was Senior Vice President of Store Operations at Victoria’s Secret, where she oversaw the business’ response to the COVID-19 pandemic. Under her leadership, the North American stores organization was able to quickly close, then methodically re-open stores in a phased approach, implementing industry-leading health and safety protocols to ensure the well-being of 35,000+ associates and customers. Previously, Behringer served in a number of field leadership roles, from Store Manager to Regional Manager, across Victoria’s Secret.About Janie Schaffer: Janie Schaffer has more than 30 years of specialty retail experience and is a recognized expert in the intimates world. She previously served as Director of Lingerie and Beauty at Marks and Spencer plc, a leading British retailer. From 2008 to 2012, she served as head of design for Victoria’s Secret Lingerie, a period of rapid growth in the brand’s best-at and win-at categories. Prior to joining Victoria’s Secret in 2008, Janie founded and then sold UK-based lingerie brand Knickerbox.ABOUT L BRANDS: L Brands, through Bath & Body Works, Victoria’s Secret and PINK, is an international company. The company operates 2,681 company-operated specialty stores in the United States, Canada and Greater China, and its brands are also sold in more than 700 franchised locations worldwide. The company’s products are also available online at www.BathandBodyWorks.com, www.VictoriasSecret.com and www.PINK.com.Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995We caution that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this press release or made by our company or our management involve risks and uncertainties and are subject to change based on various factors, many of which are beyond our control. Accordingly, our future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Words such as “estimate,” “project,” “plan,” “believe,” “expect,” “anticipate,” “intend,” “planned,” “potential” and any similar expressions may identify forward-looking statements. Risks associated with the following factors, among others, in some cases have affected and in the future could affect our financial performance and actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements included in this press release or otherwise made by our company or our management: * General economic conditions, consumer confidence, consumer spending patterns and market disruptions including pandemics or significant health hazards, severe weather conditions, natural disasters, terrorist activities, financial crises, political crises or other major events, or the prospect of these events; * divestitures or other dispositions, including any divestiture of Victoria’s Secret and related operations, could negatively impact our business, and contingent liabilities from businesses that we have sold could adversely affect our financial statements; * the seasonality of our business; * difficulties arising from turnover in company leadership or other key positions; * our ability to attract, develop and retain qualified associates and manage labor-related costs; * liabilities arising from divested businesses; * the dependence on mall traffic and the availability of suitable store locations on appropriate terms; * our ability to grow through new store openings and existing store remodels and expansions; * our ability to successfully expand internationally and related risks; * our independent franchise, license and wholesale partners; * our direct channel businesses; * our ability to protect our reputation and our brand images; * our ability to attract customers with marketing, advertising and promotional programs; * our ability to protect our trade names, trademarks and patents; * the highly competitive nature of the retail industry and the segments in which we operate; * consumer acceptance of our products and our ability to manage the life cycle of our brands, keep up with fashion trends, develop new merchandise and launch new product lines successfully; * our ability to source, distribute and sell goods and materials on a global basis, including risks related to: * political instability, environmental hazards or natural disasters; * significant health hazards or pandemics, which could result in closed factories, reduced workforces, scarcity of raw materials, and scrutiny or embargoing of goods produced in infected areas; * duties, taxes and other charges; * legal and regulatory matters; * volatility in currency exchange rates; * local business practices and political issues; * potential delays or disruptions in shipping and transportation and related pricing impacts; * disruption due to labor disputes; and * changing expectations regarding product safety due to new legislation; * our geographic concentration of vendor and distribution facilities in central Ohio; * fluctuations in foreign currency exchange rates; * stock price volatility; * our ability to pay dividends and related effects; * our ability to maintain our credit rating; * our ability to service or refinance our debt; * shareholder activism matters; * the ability of our vendors to deliver products in a timely manner, meet quality standards and comply with applicable laws and regulations; * fluctuations in product input costs; * our ability to adequately protect our assets from loss and theft; * fluctuations in energy costs; * increases in the costs of mailing, paper and printing; * claims arising from our self-insurance; * our ability to implement and maintain information technology systems and to protect associated data; * our ability to maintain the security of customer, associate, third-party or company information; * our ability to comply with laws and regulations or other obligations related to data privacy and security; * our ability to comply with regulatory requirements; * legal and compliance matters; and * tax, trade and other regulatory matters. We are not under any obligation and do not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this press release to reflect circumstances existing after the date of this press release or to reflect the occurrence of future events even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized.For further information, please contact:        L Brands:  Investor RelationsMedia Relations Amie Preston    Brooke Wilson (614) 415-6704  (614) 415-6042 apreston@lb.com     communications@lb.com

Today we will run through one way of estimating the intrinsic value of National Presto Industries, Inc. (NYSE:NPK) by...

VANCOUVER, BC / ACCESSWIRE / November 25, 2020 / Northern Dynasty Minerals Ltd.

(Bloomberg) -- The Pebble gold mine in Alaska was dealt a potentially lethal blow after the U.S. Army Corps of Engineers rejected a permit for the project Wednesday.The proposed mine in southwestern Alaska, which would tap one of the world’s largest undeveloped copper and gold deposits, has been dogged by protests for years, as conservationists warn industrial mining operations near Bristol Bay threaten a flourishing sockeye salmon fishery.The Army Corps issued a record of decision denying Pebble’s permit, after determining the project “is contrary to the public interest,” said Col. Damon Delarosa, the agency’s Alaska district commander.In August, the Army Corps concluded the mining plan from Northern Dynasty Minerals Ltd. “would likely result in significant degradation of the environment,” and the agency demanded a mitigation plan to offset the project’s effects on nearby wetlands. Northern Dynasty’s subsidiary Pebble Limited Partnership submitted the mitigation plan earlier this month, though the details weren’t released to the public.“One of the real tragedies of this decision is the loss of economic opportunities for people living in the area,” Pebble Partnership head John Shively said in a statement. “A politically driven decision has taken away the hope that many had for a better life.”The company said it is considering appealing the Corps’ decision. Developers may still have a limited opportunity to appeal the decision administratively; they also can challenge the rejection in federal court.Delarosa said the Army Corps’ decision was “based on all available facts and complies with existing laws and regulations,” following “an in-depth analysis” of the project and roughly three years of review.Pebble is in a remote area in southwestern Alaska that drains into Bristol Bay. Conservationists, local activists and fishing operations have fought the project for years, citing potential impacts on the environment and native cultures in the region. More recently, Pebble has drawn opposition from prominent Republicans including the president’s son, Donald Trump Jr. and skepticism from some prominent local politicians.If developed, the mine would be one of the largest producers of both copper and gold in the U.S., according to a recent presentation by Northern Dynasty, potentially producing an average of about 318 million pounds of copper, 1.8 million ounces of silver and 362,000 ounces of gold annually over a 20-year mine life.Tim Bristol, executive director of SalmonState, a group dedicated to protecting Alaska’s salmon habitat, heralded the move Wednesday.“Sometimes a project is so bad, so indefensible, that the politics fall to the wayside and we get the right decision,” Bristol said.Northern Dynasty’s U.S. shares plunged as much as 56%, the most since trading began in 1996, and were down 52% as of 1:11 p.m. in New York.“How many other projects are strongly opposed by both Alaskan senators, by 80% of the people that live in the region, by commercial fishermen, by recreational fishermen, by Donald Trump Jr., and by Jane Fonda?” said Joel Reynolds, a senior attorney with the Natural Resources Defense Council. “It’s astonishing the range of opposition, and that, I think, puts it in a unique category. This project really has no friends, other than a Canadian company and its shareholders.”Pebble TapesThe fate of the project took a further public-relations blow in September after the release of covertly taped comments revealed a top mining executive boasting of his ties to state and federal leaders. The so-called Pebble Tapes incensed the project’s critics and led to the resignation of Pebble head Tom Collier.Regardless of the Army Corps’ verdict, conservationists are pressing the Environmental Protection Agency to even more definitively kill the proposed mine, by wielding its broad authority under the Clean Water Act to veto projects involving the discharge of dredged material. President-elect Joe Biden has promised to block the project, calling the area “no place for a mine” and noting the government reached the same conclusion while he was vice president.SalmonState’s Bristol said the EPA action is vital. “The critical next step is to reestablish the Clean Water Act protections for America’s greatest salmon fishery — protections that should have never been done away with in the first place,” Bristol said by email. “This can and should be an early priority for the Biden administration.”(Updates with company comment in fifth paragraph, environmentalist comment in 10th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

TORONTO, Nov. 25, 2020 /CNW/ - Trading resumes in: Company: Northern Dynasty Minerals Ltd.

TORONTO, Nov. 25, 2020 /CNW/ - The following issues have been halted by IIROC: Company: Northern Dynasty Minerals Ltd.

The Zacks Analyst Blog Highlights: PayPal, BHP, American Tower, Zoom Video and Deere

BBL vs. BHP: Which Stock Is the Better Value Option?

Is (BHP) Outperforming Other Basic Materials Stocks This Year?

U.S. Steel (X) will use the proceeds to partly fund its new environmentally preferred, low-emission electric arc furnace at Fairfield Works.

LyondellBasell (LYB) commercializes Moplen HP560Z to support the demand for face masks and their local production in Europe.

Cleveland-Cliffs (CLF) saw a big move last session, as its shares jumped more than 9% on the day, amid huge volumes.

Cabot (CBT) saw a rebound in volumes in its Reinforcement Materials segment on a sequential comparison basis in Q4.

Nikola (NKLA) shares on Wednesday sank as much as 16%, as several EV startups slumped from their recent rally, and JPMorgan analyst Paul Coster weighed in on the uncertainty surrounding Nikola and General Motors (GM) partnership which has yet to close next month.

Electric-car stocks sold off on news of a probe in China, while Nikola failed to assuage investors on a proposed GM partnership.

American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will participate in the BofA Securities 2020 Leveraged Finance Virtual Conference on December 2. AAM is scheduled to present at 2:15 p.m. ET.

American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will participate in the Credit Suisse Virtual Industrials Conference on December 3. AAM is scheduled to present at 11:30 a.m. ET.

Adient (ADNT) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Dana Incorporated (NYSE: DAN) announced today it will participate in the Credit Suisse Virtual Industrials Conference on Dec. 3, 2020. Dana's Executive Vice President and Chief Financial Officer Jonathan Collins will participate in a fireside chat beginning at 12:30 p.m. EST.

Nikola (NKLA) shares on Wednesday sank as much as 16%, as several EV startups slumped from their recent rally, and JPMorgan analyst Paul Coster weighed in on the uncertainty surrounding Nikola and General Motors (GM) partnership which has yet to close next month.

The Dow Jones fell back below the 30,000 barrier as stocks struggled on a downbeat jobs report. Meanwhile Slack Technologies exploded on the news it has held merger talks.

Electric-car stocks sold off on news of a probe in China, while Nikola failed to assuage investors on a proposed GM partnership.

The Dow Jones Industrial Average dropped from record highs, as Tesla stock briefly skidded on a vehicle recall. Nio dived on a Chinese government investigation.

Nikola led a sell-off among electric auto stocks, and Microsoft topped the Dow Jones today, as stock futures were mixed after a jump in jobless claims data.

Nikola (NKLA) stock is trading lower by 15% in Wednesday's pre-market, giving up Tuesday's 17% advance.

Shares of Nikola Corp. dropped 16.1% in premarket trading Wednesday, putting them on track to snap a record eight-day win streak in which the electric truck maker's stock rocketed 76.3%. In an interview late Tuesday on CNBC's "Mad Money with Jim Cramer," Chief Executive Mark Russell did not reassure investors that partnership with General Motors Corp. announced in September, which included GM receiving a $2 billion stake in Nikola, would still go through, as CNBC reported. Also in the interview, Russell said he could not comment on what Founder Trevor Milton, who resigned from the company in September, would do with 92.2 million shares of the Nikola common stock he owned when the lock-up expires on Dec. 1, although many other insiders have agreed to extend their lock-up agreements through April 30, 2021. In total, 161 million shares, or roughly 42% of the common stock outstanding, will become eligible for sale on Dec. 1 as lock-up agreements expire. Nikola's stock selloff Wednesday comes as shares of other electric vehicle makers are pulling back ahead of the open, with Tesla Inc. down 1.5%, Nio Inc. shedding 8.8% and Workhorse Group Inc. sliding 9.4%. Meanwhile, futures for the Nasdaq 100 are up 0.1% ahead of the open and S&P 500 futures are down 0.1%.

Shares of Chinese automaker Li Auto (NASDAQ: LI) are down 6% as of 11:45 a.m. EST. Shares of EV charging station suppliers Blink Charging (NASDAQ: BLNK) and Switchback Energy Acquisition (NYSE: SBE) are dropping 8% and 3%, respectively. Recent investor excitement about EV companies was primed when several Chinese manufacturers reported October sales figures.

In his "Homework" segment of Mad Money Tuesday night, Jim Cramer followed up on a few stocks that had stumped him during earlier shows. Cramer checked up on Niu Technologies , the electric bicycle and scooter maker that's also been red-hot in recent months. With the shares up big for the year, Cramer said he simply cannot recommend the stock given that the company missed earnings by a mile.

Some interesting new findings in a Yahoo Finance-Harris Poll survey underscores the mounting stress in the U.S. economy caused by the raging pandemic.

Yahoo Finance catches up with HP CEO Enrique Lores moments after his third quarter earnings report.

The retail apocalypse has wiped out thousands of stores over the past decade, due to the over-expansion of malls, cascading damage from the 2008-09 Great Recession, and competition from superstores and online marketplaces. The retail situation seems dire -- but not all retailers are being crushed. Let's examine three large-cap retail stocks that are bucking the secular decline -- Amazon (NASDAQ: AMZN), Best Buy (NYSE: BBY), and Target (NYSE: TGT) -- and see why they belong in your portfolio.

The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.55 per common share. The quarterly dividend is payable on January 5, 2021, to shareholders of record as of the close of business on December 15, 2020. The company had 258,931,526 shares of common stock issued and outstanding as of October 31, 2020.

BBY earnings call for the period ending September 30, 2020.

The two specialty retail stocks climb as they manage to navigate the choppy pandemic waters better than expected.

Global safety equipment manufacturer MSA Safety Incorporated (NYSE: MSA) today announced that its next-generation Advantage 290 LS Air-Purifying Respirator (APR) is the first of its kind — designed without an exhalation valve — to receive approval from the National Institute for Occupational Safety and Health (NIOSH). An elastomeric half-mask device, the Advantage 290 LS Respirator covers a wearer's nose and mouth and utilizes twin filters to provide respiratory protection.

Kemper (KMPR) set to acquire American Access Casualty Company in a bid to strengthen its Specialty Auto segment.

Essent Group Ltd. (NYSE:ESNT) stock is about to trade ex-dividend in 4 days. Investors can purchase shares before the...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

The U.S. chemical industry is looking up after bearing the brunt of coronavirus fallout, aided by a return of economic activities.

Does LCI (LCII) have what it takes to be a top stock pick for momentum investors? Let's find out.

Brady (BRC) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Allegion (ALLE) is well placed to benefit from strength across its businesses, innovation investments, cost-control measures and shareholder-friendly policies.

EnPro's (NPO) divestment of the air springs business of the STEMCO division is in sync with the efforts to restructure its portfolio and help concentrate on more profitable businesses.