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25 Stocks Moving in Wednesday's Pre-Market Session – Benzinga – Benzinga

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25 Stocks Moving in Wednesday's Pre-Market Session

Gainers

  • Opiant Pharmaceuticals Inc (NASDAQ: OPNT) shares rose 50.9% to $20.00 in pre-market trading after the company disclosed positive top-line results of confirmatory pharmacokinetic study for OPNT003, nasal nalmefene, a novel investigational treatment for opioid overdose.
  • Data Storage Corp (NASDAQ: DTST) shares rose 50.6% to $10.98 in pre-market trading. Data Storage shares jumped over 24% on Tuesday on above-average volume.
  • OncoSec Medical Inc (NASDAQ: ONCS) shares rose 37.6% to $3.84 in pre-market trading after the company announced it entered into a Clinical Trial Collaboration and Supply Agreement with Merck to evaluate the combination of OncoSec’s TAVO with Merck’s KEYTRUDA in a Phase 3 study.
  • Perma-Pipe International Holdings Inc (NASDAQ: PPIH) rose 31.2% to $9.00 in pre-market trading.
  • Pop Culture Group Co Ltd (NASDAQ: CPOP) shares rose 25.5% to $39.59 in pre-market trading. Pop Culture Group shares dropped over 40% on Tuesday on continued post-IPO volatility.
  • Blonder Tongue Labs, Inc. (NYSE: BDR) rose 23.8% to $1.87 in pre-market trading after the company announced it received forgiveness of $1,768,762 of loan proceeds previously received under the Paycheck Protection Program.
  • Sequential Brands Group Inc (NASDAQ: SQBG) rose 18.4% to $20.11 in pre-market trading. Sequential Brands gained 8% on Tuesday on above-average volume.
  • MingZhu Logistics Holdings Ltd (NASDAQ: YGMZ) shares rose 14.9% to $5.40 in pre-market trading after the company announced it entered into a non-binding MOU to acquire CheYi Network.
  • Exela Technologies Inc (NASDAQ: XELA) rose 11.9% to $3.00 in pre-market trading after jumping over 42% on Tuesday.
  • Immersion Corporation (NASDAQ: IMMR) rose 11.1% to $9.14 in pre-market trading after the company reported strong preliminary results for its second quarter. The company said it sees Q2 non-GAAP earnings between $0.22 and $0.23 per share, versus analysts’ estimates of $0.11 per share. Immersion also expects 90% year-over-year growth in its revenue.
  • Orbsat Corp (NASDAQ: OSAT) shares rose 10.2% to $9.26 in pre-market trading. Orbsat shares climbed 54% on Tuesday on abnormally-high volume.
  • Grove Inc (NASDAQ: GRVI) rose 8.7% to $6.39 in pre-market trading. Grove recently announced the launch of Qubes, a plant-based vitamin gummy brand.
  • Weidai Ltd (NYSE: WEI) rose 8.5% to $1.66 in pre-market trading.
  • Support.com, Inc. (NASDAQ: SPRT) rose 7.7% to $5.30 in pre-market trading after surging 12% on Tuesday.
  • Atossa Therapeutics Inc (NASDAQ: ATOS) rose 6.7% to $6.07 in pre-market trading after gaining 6% on Tuesday.
  • JinkoSolar Holding Co., Ltd(NYSE: JKS) shares rose 5.5% to $57.35 in pre-market trading after gaining around 8% on Tuesday.

Find out what’s going on in today’s market and bring any questions you have to Benzinga’s PreMarket Prep.

Check out these big penny stock gainers and losers

Losers

  • BSQUARE Corporation (NASDAQ: BSQR) fell 9.7% to $6.37 in pre-market trading. BSQUARE shares jumped 77% on Tuesday on abnormally-high volume.
  • Bridgeline Digital Inc (NASDAQ: BLIN) shares fell 9.7% to $11.05 in pre-market trading after jumping 36% on Tuesday. The company recently announced its partner network won more than 20 site search licenses this quarter for Celebros and HawkSearch.
  • Red Cat Holdings Inc (NASDAQ: RCAT) shares fell 8.3% to $3.20 in pre-market trading after climbing over 37% on Tuesday.
  • Amesite Inc (NASDAQ: AMST) shares fell 7.4% to $2.64 in pre-market trading after jumping around 20% on Tuesday.
  • Staffing 360 Solutions Inc (NASDAQ: STAF) fell 7.4% to $4.44 in pre-market trading after declining around 4% on Tuesday.
  • Powerbridge Technologies Co Ltd (NASDAQ: PBTS) fell 7.2% to $2.83 in pre-market trading after surging around 70% on Tuesday.
  • Mobil’nye Telesistemy PAO (NYSE: MBT) fell 7% to $8.81 in pre-market trading.
  • Odonate Therapeutics Inc (NASDAQ: ODT) fell 6.4% to $3.52 in pre-market trading. Odonate Therapeutics shares rose 8% on Tuesday following 13G from Ikarian Capital showing a 5.2% stake in the company.
  • Soligenix, Inc. (NASDAQ: SNGX) fell 6.1% to $1.23 in pre-market trading after jumping 26% on Tuesday.

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Early Robinhood investor Jason Calacanis on trading app's imminent IPO – CNBC Television

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Robinhood Flirts With Worst Debut Ever for IPO of Its Size – BNN

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(Bloomberg) — Robinhood Markets Inc. wanted to make history with its initial public offering, and now it might — for the wrong reason.

Shares in the broker behind the meme-stock revolution fell as much as 12% below the IPO price in the company’s first trading session. That puts the stock in the running to rank as the worst debut on record among U.S. firms that raised as much cash as Robinhood or more, according to data compiled by Bloomberg.

Shares rebounded and were last trading 1% lower at $37.52 mid-afternoon in New York.

Robinhood must finish Thursday’s session at $34.90 or higher, or else it will replace the 2007 IPO by another brokerage, MF Global Holdings Ltd., as the worst debut among qualifying firms. MF Global ended its first day down 8.2%.

Read more: Robinhood Loses More Ground in Trading Debut After Muted IPO

The stock opened at the $38 initial public offering price. For an IPO of Robinhood’s size and larger, that’s the weakest opening trade since Uber Technologies Inc. in May of 2019 among U.S. firms. Uber finished its debut session down 7.6%.

©2021 Bloomberg L.P.

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Google and Facebook will require U.S. workers to be vaccinated to return to the office – CBC.ca

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Google is postponing a return to the office for most workers until mid-October and rolling out a policy that will eventually require everyone to be vaccinated once its sprawling campuses are fully reopened.

The more highly contagious delta variant of the coronavirus is driving a dramatic spike in COVID-19 cases and hospitalizations.

Google’s announcement Wednesday was shortly followed by one from Facebook, which also said it will make vaccines mandatory for U.S. employees who work in offices. Exceptions will be made for medical and other reasons.

“With regards to our Canadian offices, we don’t have specifics to share yet,” a spokesperson for Facebook told CBC News. “We will be evaluating our approach in other regions as the situation evolves.”

In an email sent to Google’s more than 130,000 employees worldwide, CEO Sundar Pichai said the company is now aiming to have most of its workforce back to its offices beginning Oct. 18, instead of its previous target date of Sept. 1.

The decision also affects tens of thousands of contractors who Google intends to continue to pay while access to its campuses remains limited.

“This extension will allow us time to ramp back into work while providing flexibility for those who need it,” Pichai wrote.

Pichai disclosed that once offices are fully reopened, everyone working there will have to be vaccinated. The requirement will be first imposed at Google’s Mountain View, Calif., headquarters and other U.S. offices, before being extended to the more than 40 other countries where Google operates.

‘The stuff that needs to be done’

Google has extensive operations in Canada, but the company did not immediately reply to a request for comment as to when such a policy may be implemented for its Canadian work force. Pichai’s letter, however, makes it clear that it is not just a U.S. policy.

“We’re rolling this policy out in the U.S. in the coming weeks and will expand to other regions in the coming months,” he said.

WATCH | How social media is helping spread misinformation like a virus:

U.S. officials say misinformation has plagued the COVID-19 vaccine rollout, and case counts across the country are rising. 2:02

Public health experts are lauding the move.

“This is the stuff that needs to be done, because otherwise we are endangering workers and their families,” said Dr. Leana Wen, a public health professor at George Washington University and a former health commissioner for the city of Baltimore.

“It is not fair to parents to be expected to come back to work and sit shoulder-to-shoulder with unvaccinated people who could be carrying a potentially deadly virus.”

Because children under the age of 12 aren’t currently eligible to be vaccinated, parents can bring the virus home to them from the office if they are around unvaccinated colleagues, Wen said.

Various government agencies already have announced demands for all their employees to be vaccinated, but the corporate world so far has been taking a more measured approach, even though most lawyers believe the mandates are legal.

Most employers hesitant to require vaccines

Delta and United airlines are requiring new employees to show proof of vaccination. Goldman Sachs and Morgan Stanley are requiring their employees to disclose their vaccination status, but are not requiring staffers to be vaccinated.

Less than 10 per cent of employers have said they intend to require all employees to be vaccinated, based on periodic surveys by the research firm Gartner.

Although the vaccination policy is only in effect in the U.S. for now, Google makes it clear it plans to expand it to other countries where it operates too. (Mark Lennihan/Associated Press)

While other major technology companies may follow suit now that Google and Facebook have taken stands on vaccines, employers in other industries still may be reluctant, predicted Brian Kropp, chief of research for Gartner’s human resources practice.

“Google is seen as being such a different kind of company that I think it’s going to take one or two more big employers to do something similar in terms of becoming a game changer,” Kropp said.

Google’s vaccine mandate will be adjusted to adhere to the laws and regulations of each location, Pichai wrote, and exceptions will be made for medical and other “protected” reasons.

“Getting vaccinated is one of the most important ways to keep ourselves and our communities healthy in the months ahead,” Pichai explained.

The rapid rise in cases during the past month has prompted more public health officials to urge stricter measures to help overcome vaccine skepticism and misinformation.

It’s unclear how many of Google’s workers still haven’t been vaccinated. In his email, Pichai described the vaccination rate at the company as high.

Remote work still going strong

Google’s decision to extend its remote work follows a similar move by another technology powerhouse, Apple, which recently moved its return-to-office plans from September to October, too.

The delays by Apple and Google could influence other major employers to take similar precautions, given that the technology industry has been at the forefront of the shift to remote work triggered by the spread of the novel coronavirus.

Even before the World Health Organization declared a pandemic in March 2020, Google, Apple and many other prominent tech firms had been telling their employees to work from home.

WATCH | Business travel particularly slow to bounce back:

A recent study from the consulting firm McKinsey & Company predicts that business travel won’t return to pre-pandemic levels for years. Many companies and business travellers are finding that they can cut costs by switching to virtual events and meetings, which could hurt businesses which rely on corporate travel. 1:59

This marks the third time Google has pushed back the date for fully reopening its offices.

Google’s vaccine requirement also could embolden other employers to issue similar mandates to guard against outbreaks and minimize the need to wear masks in the office.

While most companies are planning to bring back their workers at least a few days a week, others in the tech industry have decided to let employees do their jobs from remote locations permanently.

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