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    19:45:28 PM 04/09/2021
    Summary :
    Average return is up 3.5%
    Median return is down -1.5%
    4 out of 12 stocks are up (limited to those with intraday pricing feeds).
    Today News :
    15:46:00 PM 04/09/2021CELC
    How A Pfizer Cancer Drug Pact Launched Celcuity Stock Into A Breakout
    Celcuity broke out and soared to a nearly two-year high Friday after striking a licensing deal with Pfizer for a breast cancer treatment. Celcuity paid Pfizer $10 million in cash and stock.
    10:37:28 AM 04/09/2021CELC
    Celcuity Stock Moves Higher After Licensing Pact With Pfizer For Gedatolisib In Breast Cancer
    Celcuity Inc (NASDAQ: CELC) has entered into a global licensing agreement with Pfizer Inc (NYSE: PFE), granting Celcuity exclusive rights to Pfizer's gedatolisib. The pan-PI3K/mTOR inhibitor is currently in Phase 1b trial to treat patients with ER+/HER2-negative advanced or metastatic breast cancer. Celcuity paid an upfront license fee of $5 million cash and $5 million of Celcuity's common stock. Pfizer is eligible to receive up to $330 million of development and sales-based milestone payments and tiered royalties on potential sales. Additional financial terms of the agreement were not disclosed. Gedatolisib is currently being evaluated in combination with palbociclib, an oral CDK 4/6 inhibitor, and either letrozole or fulvestrant in the expansion portion of a Phase 1b trial in patients with ER+/HER2-negative advanced or metastatic breast cancer. 103 patients were enrolled in one of four different arms according to their prior treatment history for metastatic breast cancer. Separately, preliminary data from the gedatolisib Phase 1b trial's expansion portion demonstrated the drug was well tolerated, and anti-tumor activity was noted. 53 of the 88 evaluable patients (60%) had an objective response. 75% of the patients had a clinical benefit, defined as either a confirmed objective response or stable disease for at least 24 weeks. On the safety front, gedatolisib was also generally well tolerated, with most treatment-related adverse events being mild or moderate. The most common serious/severe related to gedatolisib were stomatitis and rash. Price Action: CELC shares are up 27.2% at $18.2, while PFE shares are up 0.1% at $36 in the premarket session on the last check Friday. See more from BenzingaClick here for options trades from BenzingaGovernment, Officials Defend AstraZeneca's COVID-19 Shot: CNBCNIH Starts Study On Allergic Reactions Risk To Pfizer/BioNTech, Moderna COVID-19 Vaccines© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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    19:45:10 PM 04/09/2021
    Summary :
    Average return is up 3.0%
    Median return is up 1.0%
    3 out of 5 stocks are up (limited to those with intraday pricing feeds).
    Today News :
    17:39:33 PM 04/09/2021MRK
    Pfizer’s vaccine EUA expansion request is ‘extremely welcomed’: Doctor
    Dr. Shereef Elnahal, University Hospital CEO, Former NJDOH Commissioner, joins Yahoo Finance’s Kristin Myers and Alexis Christoforous to discuss the latest on coronavirus vaccines.
    14:57:02 PM 04/09/2021MRK
    Merck (MRK) Keytruda Meets Endpoint in Kidney Cancer Study
    Merck (MRK) is developing a Keytruda monotherapy regimen for adjuvant treatment of renal cell carcinoma patients.
    00:31:00 AM 04/09/2021MRK
    Organon Announces Pricing of Senior Notes Offering
    Organon Announces Pricing of Senior Notes Offering.
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    19:45:36 PM 04/09/2021
    Summary :
    Average return is up 2.9%
    Median return is up 2.0%
    3 out of 3 stocks are up (limited to those with intraday pricing feeds).
    Today News :
    17:47:42 PM 04/09/2021HD
    Georgia voting laws aren’t ‘oppressive or racist in any manner’: Joe Collins
    Joe Collins, Republican Candidate for California’s 43rd District, joins Yahoo Finance’s Kristin Myers and Alexis Christoforous to discuss Georgia’s voting restrictions and running for California’s 43rd District.
    17:06:19 PM 04/09/2021HD
    Is Home Depot Stock A Buy Right Now After Q4 Earnings? Here's What Earnings, Charts Show
    Home Depot is one of the biggest companies in the United States and a stock leader on the Dow Jones industrials, but is Home Depot stock a buy right now?
    18:15:48 PM 04/09/2021FND
    Floor & Decor, IBD Stock Of The Day, Still In Buy Zone As New Entries Loom
    Floor & Decor stock is the IBD Stock of the Day as shares of the flooring supplies retailer remain in a buy zone with additional entry points possible.
    17:56:51 PM 04/09/2021FND
    Stocks Move Higher As Dow Leads, Nasdaq Lags; These Growth Stocks Break Out
    The Dow Jones Industrial Average traded slightly higher in today's stock market as all the major indexes continued modestly higher.
    16:24:51 PM 04/09/2021FND
    Dow Jones Rallies In Mixed Session; Boeing Dips As Leader Passes Buy; Apple Extends Win Streak
    The Dow Jones climbed in a mixed session. Aerospace giant Boeing dipped, while Apple stock is on track for its seventh up session in a row.
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    19:45:41 PM 04/09/2021
    Summary :
    Average return is up 2.8%
    Median return is up 2.6%
    4 out of 4 stocks are up (limited to those with intraday pricing feeds).
    Today News :
    17:04:07 PM 04/09/2021KSS
    Kohl's Corporation -- Moody's announces completion of a periodic review of ratings of Kohl's Corporation
    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Kohl's CorporationGlobal Credit Research - 09 Apr 2021New York, April 09, 2021 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Kohl's Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 6 April 2021 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
    17:05:14 PM 04/09/2021M
    May Department Stores Company (The) -- Moody's announces completion of a periodic review of ratings of Macy's, Inc.
    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Macy's, Inc.Global Credit Research - 09 Apr 2021New York, April 09, 2021 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Macy's, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 6 April 2021 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
    17:04:24 PM 04/09/2021M
    Levi's 'balloon jeans' emerge as the post pandemic hot style
    Levi's sees a pickup in its men's business as the pandemic starts to round the corner at long last. Here's what men are buying for their post-pandemic lives.
    17:05:18 PM 04/09/2021DDS
    Dillard's Capital Trust I -- Moody's announces completion of a periodic review of ratings of Dillard's, Inc.
    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Dillard's, Inc.Global Credit Research - 09 Apr 2021New York, April 09, 2021 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Dillard's, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 6 April 2021 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
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    19:45:36 PM 04/09/2021
    Summary :
    Average return is up 2.1%
    Median return is up 2.2%
    4 out of 4 stocks are up (limited to those with intraday pricing feeds).
    Today News :
    14:10:54 PM 04/09/2021SFIX
    Could StitchFix Be a Millionaire-Maker Stock?
    For instance, Stitch Fix had a novel concept when it began operating in 2011 and eventually IPO'd in 2017. Stitch Fix has been building up its business now for a decade or so. In the case of Stitch Fix, the stock price didn't really go down either path -- until the pandemic hit.
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    19:45:46 PM 04/09/2021
    Summary :
    Average return is up 2.0%
    Median return is up 2.6%
    23 out of 26 stocks are up (limited to those with intraday pricing feeds).
    Today News :
    16:04:04 PM 04/09/2021KBH
    KB Home (KBH) Stock Up 41% YTD: Will the Rally Continue?
    KB Home (KBH) is benefiting from a strong return-focused growth plan, and robust housing market fundamentals and strategic land buyout synergies.
    13:31:01 PM 04/09/2021KBH
    Top Ranked Growth Stocks to Buy for April 9th
    Top Ranked Growth Stocks to Buy for April 9th
    12:00:00 PM 04/09/2021KBH
    KB Home Announces the Grand Opening of Soleil at Folsom Ranch, Its Latest New-Home Community in Folsom, California
    KB Home announces the grand opening of Soleil at Folsom Ranch, its latest new-home community in Folsom, California.
    14:06:52 PM 04/09/2021GRBK
    See Where The Best Mutual Funds Are Building Their Positions
    Heading into Q1 earnings season, the best mutual funds build and expand positions in homebuilders, semiconductors and these other growth stocks.
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    19:45:40 PM 04/09/2021
    Summary :
    Average return is up 2.0%
    Median return is up 1.4%
    15 out of 17 stocks are up (limited to those with intraday pricing feeds).
    Today News :
    14:33:02 PM 04/09/2021AZEK
    Air Conditioner & Heating Industry to Thrive: 4 Stocks in Focus
    Air Conditioner & Heating Industry to Thrive: 4 Stocks in Focus
    13:31:01 PM 04/09/2021TPX
    Top Ranked Growth Stocks to Buy for April 9th
    Top Ranked Growth Stocks to Buy for April 9th
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    19:45:45 PM 04/09/2021
    Summary :
    Average return is up 2.0%
    Median return is up 2.1%
    28 out of 32 stocks are up (limited to those with intraday pricing feeds).
    Today News :
    13:00:01 PM 04/09/2021TPR
    5 Apparel Players That Look Well Poised to Tap Budding Demand
    Industry participants such as L Brands (LB), Abercrombie & Fitch (ANF), Boot Barn (BOOT), Tapestry (TPR) and Buckle (BKE) have been focusing on deepening engagements with consumers and enhancing digital and data analytics capabilities.
    11:52:11 AM 04/09/2021TPR
    E-Commerce Continues to Boost Retail Sector: 5 Stocks to Buy
    E-commerce has been helping the retail sector since the coronavirus outbreak. Retailers with a strong online presence like Five Below (FIVE) and Tapestry (TPR) are likely to benefit in the near term.
    12:29:12 PM 04/09/2021BKE
    Buckle (BKE) Reports Robust March Sales Despite Coronavirus
    Buckle (BKE) delivers tenth straight monthly sales increase in March. Also, the company's online business amid the pandemic seems encouraging.
    05:35:11 AM 04/09/2021BKE
    The Buckle, Inc. (NYSE:BKE) Will Pay A US$0.33 Dividend In Four Days
    Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
    12:47:44 PM 04/09/2021BOOT
    Slowing Rates Of Return At Boot Barn Holdings (NYSE:BOOT) Leave Little Room For Excitement
    If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...
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    19:45:10 PM 04/09/2021
    Summary :
    Average return is up 1.9%
    Median return is up 1.3%
    3 out of 4 stocks are up (limited to those with intraday pricing feeds).
    Today News :
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    19:45:29 PM 04/09/2021
    Summary :
    Average return is up 1.9%
    Median return is up 2.1%
    6 out of 8 stocks are up (limited to those with intraday pricing feeds).
    Today News :
    17:30:00 PM 04/09/2021UNH
    17:10:05 PM 04/09/2021CI
    Cigna (CI), Oscar to Aid Small Business With Health Insurance
    Cigna (CI) along with Oscar Health rolls out a health insurance product aimed for small business units in the state of California.
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    Summary :
    Average return is down -4.6%
    Median return is down -4.7%
    6 out of 6 stocks are down.
    Today News :
    10:00:00 AM 04/09/2021UEC
    Uranium Energy Corp Completes Financing and Reports Over $110 Million in Cash, Equity and Inventory Holdings as of April 9, 2021
    Uranium Energy Corp (NYSE: UEC) (the "Company" or "UEC") is pleased to announce the closing of its previously announced offering of an aggregate of 3,636,364 shares of common stock of the Company (each, a "Share") at a purchase price of $3.30 per Share and for gross proceeds of $12,000,000 in a registered direct offering (the "Offering").
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    19:45:39 PM 04/09/2021
    Summary :
    Average return is down -3.3%
    Median return is down -2.7%
    11 out of 12 stocks are down.
    Today News :
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    19:45:41 PM 04/09/2021
    Summary :
    Average return is down -3.0%
    Median return is down -3.2%
    7 out of 8 stocks are down.
    Today News :
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    19:45:23 PM 04/09/2021
    Summary :
    Average return is down -3.0%
    Median return is down -3.2%
    5 out of 7 stocks are down.
    Today News :
    16:59:36 PM 04/09/2021GME
    Hedge Fund Maplelane Is Clawing Way Back From GameStop Losses
    (Bloomberg) -- Maplelane Capital, the hedge fund that lost 45% in January in part by shorting GameStop Corp., is starting to recover.The fund rose 6.5% in February and 2.1% in March, according to people familiar with the matter, and ended the first quarter with a loss of 39.5%. The fund benefited from its long and short wagers on technology and consumer-focused companies, one of the people said.In January, Maplelane’s short on GameStop and American Airlines Group Inc. backfired as Reddit-fueled retail investors drove up the price of the companies. The fund has since closed out those positions.Maplelane has made money in 14 of the past 15 months, one of the people said.The $3 billion New York-based firm, run by Leon Shaulov and Rob Crespi, declined to comment.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
    16:24:51 PM 04/09/2021GME
    Dow Jones Rallies In Mixed Session; Boeing Dips As Leader Passes Buy; Apple Extends Win Streak
    The Dow Jones climbed in a mixed session. Aerospace giant Boeing dipped, while Apple stock is on track for its seventh up session in a row.
    14:54:42 PM 04/09/2021GME
    Better Buy: Bitcoin vs. GameStop
    In recent months, Bitcoin (CRYPTO: BTC) and GameStop (NYSE: GME) have both been hot topics in the investing world. Bitcoin, on the other hand, looks a better long-term investment. Here's why Bitcoin is the better buy between these two entities.
    12:00:36 PM 04/09/2021GME
    It's Game Over For The Reddit GameStop 'Short-Squeeze' Rebellion
    It was fun while it lasted. But it's looking like game over for the Reddit-powered "short squeeze" rebellion on GameStop stock and even some S&P 500 stocks.
    02:10:15 AM 04/09/2021GME
    Exclusive: GameStop's strong stock performance triggered board director's exit
    Hestia Capital Partners LP managing director Kurt Wolf joined GameStop Corp's board to make the U.S. video game retailer more valuable. The hedge fund manager resigned his directorship this week because his investors fretted the bet on the company, which scored a paper gain of 3,500%, had become too large and risky, three people familiar with the matter said on Thursday. Giving up the board seat allows Wolf to sell GameStop shares for his investors without restrictions to meet redemption requests, the sources said.
    00:00:00 AM 04/09/2021GME
    Gen Z embraces investing — with signs of caution
    During the pandemic, 16 per cent of Britons aged between 18 and 24 began investing for the first time, compared with 10 per cent across all age groups, a survey by Halifax found. A new survey by Barclays Smart Investor, which saw an uplift of 88 per cent in account openings in 2020, found that nearly half of investors planned to cut back on spending after lockdown to maintain their investing habit.
    17:30:00 PM 04/09/2021GME
    12:00:00 PM 04/09/2021AMC
    Forget AMC Entertainment. Here Are 3 Better Recovery Stocks
    Shares of the movie-theater operator look vulnerable to a pullback. Here are some better ways to capitalize on the reopening.
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    19:45:31 PM 04/09/2021
    Summary :
    Average return is down -2.7%
    Median return is down -2.8%
    20 out of 21 stocks are down.
    Today News :
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    19:45:20 PM 04/09/2021
    Summary :
    Average return is down -2.6%
    Median return is down -3.0%
    4 out of 4 stocks are down.
    Today News :
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    19:45:36 PM 04/09/2021
    Summary :
    Average return is down -2.4%
    Median return is down -2.0%
    15 out of 17 stocks are down.
    Today News :
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    19:45:34 PM 04/09/2021
    Summary :
    Average return is down -2.3%
    Median return is down -1.2%
    5 out of 5 stocks are down.
    Today News :
    17:17:41 PM 04/09/2021LYFT
    Uber is having to move quickly to lure back US drivers
    The pandemic has made online delivery of everything mainstream—but along with that comes increased competition for gig workers.
    14:10:19 PM 04/09/2021LYFT
    Uber, Lyft Offer Vaccine Rides To Win Back Drivers, Customers: Reuters
    Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) invested millions of dollars in providing its drivers with access to COVID-19 vaccines and free or discounted rides to vaccination sites targeted at the low-income and Black communities lacking access to transportation and healthcare services, Reuters reports. The ride-hailing business witnessed a vaccine-aided boost offset by the drivers’ delay, impacting their revenue growth. Uber employees also started inquiring about drivers’ requirements to encourage them to return to business. The company is trying to address drivers’ safety and earnings through mask protocols, a vaccination partnership with Walgreens Boots Alliance Inc (NASDAQ: WBA), and $250 million in pay guarantees and incentives. Lyft emailed drivers regarding vaccination eligibility in their states. The company mandated masks and offered pay incentives and promotions in select markets. Uber’s 10 million free and discounted rides will cost between $50 million to $100 million per analyst estimates. Lyft’s vaccine rides were paid in partnership with corporate sponsors, including JPMorgan Chase & Co (NYSE: JPM), Anthem Inc (NYSE: ANTM), Target Corp (NYSE: TGT), and private donations. Cities or non-profits on behalf of residents or passengers can book the Uber and Lyft vaccine rides via access codes. Drivers receive the regular fare for the trips. Uber and Lyft are not collecting passenger data for vaccine rides. The data is protected by health privacy laws. Uber and Lyft have set up new health businesses aimed at non-emergency medical rides to cities and healthcare facilities. Many of the vaccination rides were provided by the health units. Closer ties with government agencies and healthcare providers could translate into meatier business opportunities. Lyft’s rides to vaccine centers organized via the healthcare unit were provided by the clinics and facilities booking them but counted toward its vaccine access campaign goal. Uber provided 20,000 free or discounted rides to New Orleans’ mass vaccination sites. The company was planning to offer 12,000 free round-trip rides mainly to the senior citizens of Jersey City. Price action: UBER shares traded lower by 1.52% at $56.95 on the last check Friday. LYFT shares traded lower by 1.74% at $60.93. See more from BenzingaClick here for options trades from BenzingaAltimeter Growth Stock Is Trading Higher As Singapore's Grab Eyes Public Listing Via B SPAC Merger: FTOlo Share Are Trading Lower After DoorDash Levels Fraud Charges: FT© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
    13:30:03 PM 04/09/2021LYFT
    Is Uber Stock A Buy Right Now After Earnings? Here's What Earnings, Charts Show
    Uber Technologies is a global company that is transforming the ride-sharing and meal delivery markets. After a much-hyped debut on May 10, 2019, Uber stock is one of the most watched IPO stocks today, but is Uber a buy right now in the current stock market rally? Uber is in the midst of a dramatic turnaround, as the company fights to turn a profit.
    12:06:22 PM 04/09/2021LYFT
    Uber, Lyft use rides to vaccines to get drivers, customers back on the platform
    (Reuters) -Uber Technologies Inc and Lyft Inc are spending millions of dollars to provide drivers with access to COVID-19 vaccines and offering tens of millions of free or discounted rides to vaccination sites for people in communities that lack access to transportation and healthcare services. At Uber, a large team of employees has started calling thousands of drivers who left the platform over the past year, asking them what they need to return, Uber U.S. and Canada Head of Driver Operations Carrol Chang told Reuters. The Walgreen's partnership has allowed Uber to distribute unique codes to more than 240,000 drivers in several states, including California, Illinois, Virginia and New Jersey, allowing them to book a vaccination appointment at the pharmacy chain.
    12:00:00 PM 04/09/2021LYFT
    FOCUS-Uber, Lyft use rides to vaccines to get drivers, customers back on the platform
    Uber Technologies Inc and Lyft Inc are spending millions of dollars to provide drivers with access to COVID-19 vaccines and offering tens of millions of free or discounted rides to vaccination sites for people in communities that lack access to transportation and healthcare services. At Uber, a large team of employees has started calling thousands of drivers who left the platform over the past year, asking them what they need to return, Uber U.S. and Canada Head of Driver Operations Carrol Chang told Reuters. The Walgreen's partnership has allowed Uber to distribute unique codes to more than 240,000 drivers in several states, including California, Illinois, Virginia and New Jersey, allowing them to book a vaccination appointment at the pharmacy chain.
    17:14:56 PM 04/09/2021UBER
    Here's how DoorDash, Grubhub, Uber Eats have adapted — and thrived — amid pandemic
    Yahoo Finance's Alexandra Canal breaks down how COVID-19 has impacted the delivery space.
    15:41:44 PM 04/09/2021UBER
    ‘Bro Culture’ at Camera Maker Verkada Pushed Profits, Parties
    (Bloomberg) -- Verkada Inc.'s security camera customers were livid. Hackers had breached footage from thousands of surveillance devices trained on their operations, including schools, prisons, hospitals and companies around the world. On a webinar with Verkada’s CEO, users wanted answers. Fast.One pointed question came from Sequoia Capital, Verkada's most prominent investor: How, inquired Silas Thomas, information technology manager at the venture capital firm, can we cut off Verkada employees from access to Sequoia’s cameras?Verkada Chief Executive Officer Filip Kaliszan told Thomas that access had already been disabled. In response to another customer’s query, he summed up the mood. “We understand that this definitely kind of made it difficult to trust us.”Once little known outside of Silicon Valley, Verkada gained unwanted notoriety in March after Bloomberg reported that hackers had accessed the internet-connected cameras in facilities of its customers, including the carmaker Tesla Inc. and cybersecurity firm Cloudflare Inc. Although some sales staffers allegedly marketed Verkada as “virtually unhackable,” the breach exposed alarmingly lax safeguards at a company selling powerful surveillance tools that include facial recognition technology and that promised security and privacy protections to go with them. In the weeks since then, current and former employees have told Bloomberg that the inattention to data protection was emblematic of a larger “bro culture” that was sophomoric and sales obsessed, and which tolerated the harassment of women, frequent partying and misleading marketing claims.Video footage of female employees was passed among male colleagues, who offered graphic comments, and in-office parties -- even during the pandemic -- were prone to excessive drinking and occasional drug use, according to the employees.“Verkada gives frat boys a bad name,” one former sales employee said. In a statement, a Verkada spokesperson said, “We acknowledge that early on, our internal policies did not initially keep pace with our rapid growth; however, we have taken several steps to ensure we are creating a supportive and inclusive environment.’’ A party celebrating the company’s first $100 million in sales, during which many employees didn’t wear masks despite the pandemic, was “a lapse in judgement,” the spokesperson said.“Excessive drinking in the office and illicit drug use of any kind — both of which are grounds for termination — have never been commonplace at Verkada,” the spokesperson said. In-office celebrations could include champagne toasts but didn’t mean employees were intoxicated. In an appearance on Bloomberg TV in March, Sequoia Capital’s Roelof Botha praised Verkada for swiftly reacting to the breach. “They’re sending out very frequent updates on a daily basis as they’re investigating, and making sure this is an experience that is not repeated," Botha said.During the last year, Verkada has expanded its human resources team, completed a gender pay equity review and made compensation adjustments, implemented new training programs and strengthened mechanisms that employees can use to report abusive behavior with a 24/7 anonymous hotline, the company said. Verkada also has “refocused how we recruit and hire diverse candidates,” according to the spokesperson.“Verkada is committed to creating a workplace that is respectful and inclusive of everyone,” the spokesperson said. “We have clear policies around sexual harassment and workplace behavior and there have been and will continue to be consequences for anyone who violates them.’’The company declined to comment on some of the specific instances outlined in this article, nearly all of which three or more current or former employees confirmed. For this story, Bloomberg interviewed eight current Verkada employees and 15 former employees, all of whom requested anonymity either to protect professional relationships or because they weren't authorized to speak on the company’s behalf. Some praised Verkada’s sense of camaraderie and management, particularly recent efforts to address cultural problems such as hiring more women and cracking down on misbehavior. However, most spoke critically of the company and its work environment.Signs of internal problems emerged last year, after a group of men at Verkada captured images of female employees with internal cameras, without their knowledge, and posted them on a Slack channel, along with sexually graphic comments, several former employees said. The rogue Slack channel was initially reported in October 2020 by the trade publication IPVM . The organizers initially received a light punishment — they had their stock options reduced — but were later fired after news of the Slack channel spread, former employees said. In an October communication to his staff, Kaliszan said the initial discipline wasn’t adequate and apologized. In another episode early this year, Verkada fired a sales manager after he exposed himself to a female colleague at a late-night, out-of-office gathering involving some members of the sales team, according to three people familiar with the incident. The firing, which came swiftly after an internal investigation, was considered a turning point in the company's attitude toward inappropriate behavior, according to the people. The sales manager declined to comment.Verkada isn’t the only Silicon Valley startup in which employees — often young, single and flush with cash — have engaged in questionable behavior, including sexual misconduct and substance abuse. But Verkada sells security cameras that peer into offices, factory floors, intensive care units and other sensitive areas — the kind of product that demands professionalism and discretion. Based in San Mateo, Verkada was founded in 2016 by three computer science graduates from Stanford University — Kaliszan, James Ren and Benjamin Bercovitz — and an experienced technology hand, Hans Robertson, a Massachusetts Institute of Technology graduate. He had co-founded the startup Meraki — which sold cloud-managed networking devices — and was acquired by Cisco Systems for $1.2 billion in 2012.Figures provided by Verkada show that the company raised money quickly--$15 million in 2018 led by Next47, $40 million in April 2019 led by Meritech Capital Partners and Sequoia Capital, and $80 million in November 2019 led by Felicis Ventures. By then, the company was valued at $1.6 billion; it now has 550 employees. Its market share had grown rapidly too, from 38 customers in 2017 to more than 5,500 last year, according to the company’s website.But according to former employees and others, Verkada’s sales pitch to customers sometimes included misleading claims.In some instances, sales staffers told customers that Verkada’s system was “virtually unhackable,” and that Verkada had hired the cybersecurity company Okta Inc. to perform a penetration test to gauge the safety of its networks and determined that it couldn’t be breached.An Okta spokesman said the company conducted its own penetration test of Verkada as part of its due diligence as a customer and found some vulnerabilities, which it forwarded to the camera company. Okta said it never conducted a pen test on behalf of Verkada. “It is disingenuous to use the Okta brand in this manner,” the spokesman said.The Verkada spokesperson said, “We expect our sales team to accurately represent our products and answer questions truthfully.”Verkada also marketed itself to potential customers as a “Stanford/MIT company,” according to emails that Bloomberg obtained via public records requests. Stanford said it wasn’t affiliated with Verkada, and MIT said in a statement, “Companies should not refer to themselves as an ‘MIT company’ simply because of a founder’s alumni status.”At the same time, Verkada’s sales team engaged in behavior that went well beyond the norm in a profession that thrives on adrenaline and profits, the employees said. Drinking among the sales staff was allegedly excessive even by the often-casual standards of technology startups, where refrigerators full of beer aren’t uncommon. Two former employees said they saw cocaine use in the office.Impromptu celebrations would break out when a sales representative closed a deal worth more than $20,000, with alcohol flowing and music blaring, according to the employees. The sales team would regularly engage in a chant – “Mo-ney! Mo-ney! Mo-ney!” – that would become a roar, sometimes lasting minutes.A sales team scavenger hunt in 2019 included drunken employees filing into a Casper store in San Francisco, where they bounced on the mattresses, wrestled with each other and posed for pictures. The store manager called Verkada's customer service line to complain, saying their employer was obvious due to the group's logo-emblazoned T-shirts. A Casper spokeswoman confirmed the incident but provided no further details.One employee described being on the phone with a customer, when suddenly some members of the sales team turned on a speaker and began blasting a Cardi B song with sexually explicit lyrics. The employee recalled having to seek a quieter place in the office and apologize to the customer.Management at least acknowledged the disruption caused by the sales teams’ allegedly bawdy antics. They told some of the engineering staff to expense noise-canceling headphones, according to two former employees.Some former employees said they felt left out while working at Verkada, which grew up at a time when Silicon Valley was reckoning with the MeToo movement and companies from Google to Uber were addressing challenges faced by female employees. At Verkada, meetings and events routinely began with Robertson saying, “OK boys” or “Yeah, gentlemen,” seemingly ignoring the women in the room, the former employees said. Two other former staffers described a loud discussion in the open-plan office about a well-qualified job candidate. A Verkada marketing executive said he didn’t want to hire her because she was a mother and wouldn’t be motivated to work on weekends.The marketing executive didn’t respond to a message seeking comment. The Verkada spokesperson said the company rejects that characterization. “Verkada looks for the best people for every role, and we would never discriminate.” Many of its employees are parents, including those on the executive’s team, the company’s spokesperson said. In November 2019, at an all-hands meeting where employees could submit inquiries anonymously via an app, one pointed out that a female director had departed, leaving no women executives, while another questioned Verkada’s “pervasive hyper-masculine culture,” according to screenshots reviewed by Bloomberg. The questions were read aloud and answered by Kaliszan, who said a group of friends who happened to be male founded the company. But he said Verkada needed to make an effort to hire more women. ​​​​In responses on the app, which employees could view in real time, one wrote anonymously, “Some employees are too concerned with a liberal agenda.” Another wrote, “Proud to work at a company that is hiring the best people for the job regardless of their gender.”According to a Verkada spokesperson, the company hired a new head of human resources, Dervilla Lannon, in March 2020, and she was promoted in November, joining the executive team. Of its employees, 21% identify as female, and they make up 23% of management positions, according to the spokesperson, who added the company still has a way to go. The recent hack raised new questions within the company. Two current and three former employees said they believed the aggressive focus on sales and growth, paired with the allegedly boisterous office environment, contributed to a lack of attention on security.Three former engineering employees said they had raised concerns internally between 2018 and 2019 about the widespread use of Super Admin accounts, which gave staffers access to customer cameras. The accounts didn’t always require extra security settings to login, such as two-factor authentication, making them potentially vulnerable to hackers if passwords were leaked or otherwise compromised.Last year, the company began reducing the number of employees with those accounts and tightened settings, ensuring that newly created Super Admin users would have to use two-factor authentication, according to two former employees. However, the employees said, the new settings weren’t applied to some older accounts, and it remained possible for someone with Super Admin credentials to login and view camera footage through a Verkada website that was accessible on the internet.Those oversights would come back to bite the company. In March, Verkada hired Kyle Randolph, an experienced chief information security officer. But Randolph, a former security engineer at Twitter Inc. and Adobe Inc., had little time to patch up the vulnerabilities. In his second week on the job, an international hacker collective gained access to a Super Admin account and breached Verkada, gaining entry to customer cameras and throwing the company into crisis.Randolph didn't respond to messages seeking comment.“I wasn’t shocked by the hack – the way we did some things could be prone to abuse,” said one former Verkada engineer. “We were not mature enough as a company. We were driven too much by numbers.”(Updates with Sequoia comment in ninth paragraph. )For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
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    19:45:29 PM 04/09/2021
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    12:00:00 PM 04/09/2021AMC
    Forget AMC Entertainment. Here Are 3 Better Recovery Stocks
    Shares of the movie-theater operator look vulnerable to a pullback. Here are some better ways to capitalize on the reopening.
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    19:45:49 PM 04/09/2021
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    11:00:00 AM 04/09/2021PT
    PINTEC to Report Full Year 2020 Financial Results on April 14, 2021
    Pintec Technology Holdings Limited (NASDAQ: PT) ("PINTEC" or the "Company"), a leading independent technology platform enabling financial services in China, today announced that it will report its unaudited financial results for the fiscal year ended December 31, 2020 before the U.S. market opens on Wednesday, April 14, 2021.
    10:14:00 AM 04/09/2021NCTY
    The9 issues nearly 271,000 ADS to buy bitcoin mining machines
    Shares of The9 Ltd. slipped 0.1% in premarket trading Friday, after the China-based internet company said it was issuing shares to buy 2,000 units of AvalonMiners bitcoin mining machines, with a total has rate of about 100PH/S. The company said it will issue 8.13 million ordinary shares, which is the equivalent of 270,913 American depositary shares, to the mining machine sellers at a price of $24.81, which was the closing price on Wednesday ahead of the signing of the memorandum of understanding. That values the ADS issued at $6.7 million. The9 also said it has completed the signing of agreements for 12,246 bitcoin mining machines with a total hash rate of 288PH/S. The company will issue the equivalent of 312,928 ADS to the mining machine sellers. The9's stock has rocketed 702.3% year to date through Thursday, while the iShares MSCI China ETF has tacked on 2.0% and the S&P 500 has gained 9.1%.
    10:00:00 AM 04/09/2021NCTY
    The9 Signed a Legally Binding Memorandum of Understanding on the Additional Purchase of Bitcoin Mining Machines
    The9 Limited (Nasdaq: NCTY) ("The9"), an established Internet company, today announced that it signed a legally binding Memorandum of Understanding (the "MOU") with an unrelated Bitcoin mining machine owner to purchase Bitcoin mining machines by the issuance of Class A ordinary shares. This batch of Bitcoin mining machines consists of 2,000 units of AvalonMiners with total hash rate of approximately 100PH/S. According to the MOUs, The9 will issue approximately 8,127,390 Class A ordinary shares (equivalent to 270,913 ADSs) to the sellers based on The9 share price of US$24.81 prior to the MOU, with a lock up period of 6 months. The number of Class A ordinary shares to be issued is subject to certain price adjustment mechanisms to be assessed 6 months after the signing of the definitive agreements. The9 will designate an independent valuation firm to conduct examination and assessment of the Bitcoin mining machine fair market value, and will make adjustment to the number of Class A ordinary shares to be issued if needed.
    17:45:00 PM 04/09/2021JT
    SHAREHOLDER DEADLINE NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Jianpu Technology Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
    LOS ANGELES, CA / ACCESSWIRE / April 9, 2021 /The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Jianpu Technology Inc. ("Jianpu" or "the Company") (NYSE:JT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.
    17:01:00 PM 04/09/2021JT
    ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Jianpu Technology Inc. Investors With Losses to Secure Counsel Before Important April 19 Deadline in Securities Class Action – JT
    NEW YORK, April 09, 2021 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Jianpu Technology Inc. (NYSE: JT) between May 29, 2018 and February 16, 2021, inclusive (the “Class Period”), of the important April 19, 2021 lead plaintiff deadline. SO WHAT: If you purchased Jianpu securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Jianpu class action, go to http://www.rosenlegal.com/cases-register-2033.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 19, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience or resources. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020 founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) certain of Jianpu’s transactions carried out by the Credit Card Recommendation Business Unit involved undisclosed relationships or lacked business substance; (2) as a result, Jianpu’s revenue and costs and expenses for fiscal 2018 and 2019 were overstated; (3) there were material weaknesses in Jianpu’s internal control over financial reporting; (4) as a result of the foregoing, Jianpu’s fiscal 2018 Form 20-F was reasonably likely to be restated; and (5) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Jianpu class action, go to http://www.rosenlegal.com/cases-register-2033.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 lrosen@rosenlegal.com pkim@rosenlegal.com cases@rosenlegal.com www.rosenlegal.com
    00:00:00 AM 04/09/2021JT
    Jianpu Shareholder Notice
    Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Jianpu Technology Inc. To Contact Him Directly To Discuss Their Options New York, New York--(Newsfile Corp. - April 8, 2021) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Jianpu Technology Inc. ("Jianpu" or the "Company") (NYSE: JT) and reminds investors of the April 19, 2021 deadline to seek the role of lead plaintiff ...
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