Source: Streetwise Reports   05/07/2020

Oil and gas technology services and solutions company ION Geophysical Corp. (IO:NYSE) yesterday afternoon announced financial results for Q1/20 ending March 31, 2020.

The firm reported total net revenues of $56.4 million in Q1/20, which represented a 53% increase over $37.0 million in Q1/19. The company advised that the increase was due primarily to an increase in 2D multi-client data library sales.

For Q1/20, the firm additionally reported operating income of $6.3 million, compared to an operating loss of $15.9 million in Q1/19. The company further indicated that in Q1/20, it posted a net loss of $2.3 million, or ($0.16) per share, compared to a net loss of $21.4 million, or ($1.52) per share in Q1/19.

The company's President and CEO Chris Usher commented, "We achieved the best first quarter performance in six years despite challenges from both coronavirus and oil price volatility...Our strong revenues of $56 million generated positive operating income and $23 million in Adjusted EBITDA, and, as a result, we expect our liquidity position to improve as revenues are collected in the second quarter. Our first quarter results reflect the value of our offshore data library and validate the combined effectiveness of our strategic refocus and over $20 million cost reductions. Our team creatively closed a number of large multi-client contracts, some of which were delayed from the fourth quarter, even after E&P market dynamics changed. I remain confident in ION's value proposition to cost-effectively support customers' data-driven decision-making in this lower-for-longer exploration and production environment."

The company indicated that it has maintained a strong liquidity position in the face of energy market turmoil and the COVID-19 situation. The firm stated that as of March 31, 2020, it had total liquidity of $53.8 million, which consisted of $42.7 million in cash and $11.1 million remaining available balance under its $50.0 million revolving credit line.

ION Geophysical Corp. is a technology-focused company headquartered in Houston, Tex. that provides geophysical technology, services and solutions to the global oil and gas industry. Its products and technical services are designed to help oil and gas exploration and production companies obtain images of the earth's subsurface.

ION Geophysical started off the day with a market capitalization of around $25.1 million and an enterprise value of $115.7 million with approximately 15.03 million shares outstanding and a short interest of about 6.40%. IO shares opened more than 100% higher today at $3.37 (+$1.70, +101.80%) over yesterday's $1.67 closing price. The stock has traded between $2.84 to $4.36 per share today and is currently trading at $2.88 (+$1.21, +72.46%).

Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

( Companies Mentioned: IO:NYSE, )

Hong-Kong-based mobile commerce conglomerate Tencent has acquired a 5% stake in...

A National Academies of Sciences, Engineering, and Medicine study that is now underway aims to identify best practices for collecting, recording, and reporting death and illness data during and immediately after large-scale weather disasters.

It has been a little over a year since the Second International Summit on Human Genome Editing in Hong Kong, where scientist He Jiankui (pictured above) announced the birth of twins whose healthy embryonic genomes had been edited to confer resistance to HIV.

A new report from the National Academies of Sciences, Engineering, and Medicine recommends ways to make supply chains -- the systems that provide populations with critical goods and services, such as food and water, gasoline, and pharmaceuticals and medical supplies – more resilient in the face of hurricanes and other disasters, drawing upon lessons learned from the 2017 hurricanes Harvey, Irma, and Maria.

More than 9.6 million children — or 13 percent of all children in the U.S. — live in families with annual incomes below the poverty line, according to data from 2015. As closures and restrictions related to COVID-19 begin to impact the U.S. economy, it’s clear many more families will be receiving fewer paychecks and less income in the coming months, putting more children at risk of falling below the poverty line.

Hachette Book Group employees in New York City, during a Thursday walkout protesting their company's decision to publish Woody Allen's memoir.; Credit: Kendra Barkoff Lamy/Twitter

On Thursday afternoon, dozens of employees of the publishing imprints Grand Central Publishing and Little, Brown staged a walkout to protest Grand Central's decision to publish Woody Allen's memoir, Apropos of Nothing, next month.

Both imprints are owned by Hachette Book Group (HBG), the same house that published journalist Ronan Farrow's Catch and Kill. The walkout comes after Farrow announced on Tuesday that he felt he could no longer work with HBG after the Allen acquisition.

Farrow is Allen's son with actress Mia Farrow; his sister, Dylan Farrow, has accused Allen of having sexually abused her as a child. Allen has long denied her allegations.

In his statement, Farrow wrote in part that HBG "concealed the decision from me and its own employees while we were working on Catch and Kill — a book about how powerful men, including Woody Allen, avoid accountability for sexual abuse."

Dylan Farrow also released a statement on Monday evening, in which she said in part: "Hachette's publishing of Woody Allen's memoir is deeply upsetting to me personally and an utter betrayal of my brother whose brave reporting, capitalized on by Hachette, gave voice to numerous survivors of sexual assault by powerful men. ... This provides yet another example of the profound privilege that power, money and notoriety affords. Hachette's complicity in this should be called out for what it is and they should have to answer for it."

Employees at both HBG's New York and Boston offices participated in the Thursday walkout. Many also sent out an auto-reply email that read in part: "We stand in solidarity with Ronan Farrow, Dylan Farrow and survivors of sexual assault." Those include Little, Brown executive editor Vanessa Mobley, who was the editor of Catch and Kill.

In a statement sent to NPR Thursday afternoon, HBG CEO Michael Pietsch said: "We respect and understand the perspective of our employees who have decided to express their concern over the publication of this book. We will engage our staff in a fuller discussion about this at the earliest opportunity."

NPR reached out for comment to Allen's agent, who did not respond as of publication time.

The New York Post reported that HBG employees approached the company's human resources department on Thursday afternoon to complain about the planned publication of Allen's book. A Hachette employee told NPR that HBG's CEO, Michael Pietch, attempted to hold a town hall meeting on Thursday to discuss the issue, but the employees walked out before the meeting was held.

Farrow's agent, Lynn Nesbit, told NPR on Thursday, "I feel moved almost to tears by the walkout. It was such a brave gesture to management who, in my opinion, made such a misguided decision." Signing Allen, she said, was "a betrayal of Ronan, of the women in his book, of the issues in the book and of the staff of this publisher." She added that Farrow is "grateful for the support of his colleagues at Little, Brown."

Last year, The New York Times reported that Allen had tried to sell the memoir to several major publishing houses, "only to be met with indifference or hard passes"; one source told NPR on Thursday afternoon that the title had been considered "radioactive" in the publishing world.

Farrow also said in his Tuesday statement that HBG had not fact-checked Allen's memoir, nor did it contact Dylan Farrow for any response. "It also shows a lack of ethics and compassion for victims of sexual abuse, regardless of any personal connection or breach of trust here. ... I've also told Hachette that a publisher that would conduct itself in this way is one I can't work with in good conscience."

This content is from Southern California Public Radio. View the original story at SCPR.org.

The TLC Chinese Theatre is shown on April 11, 2020 in Hollywood, California. ; Credit: Kevin Winter/Getty Images

Last week, L.A. City Councilmember Mitch O’Farrell introduced a motion that would create a taskforce to revitalize on-location television and film production, which went down 18 percent in the first quarter of 2020, thanks to the coronavirus. 

The motion asks Film L.A., the nonprofit that oversees film and TV productions in Los Angeles, to create a taskforce of industry experts who will prepare recommendations for how filming might be resumed safely. It also asks the nonprofit to create a guideline of best practices for on-location filming, as well as protocols regarding sets and facilities. 

We sit down with the president of Film L.A. to discuss what progress has been made and how Hollywood might start up again. 

If you’re in the industry, whether in front of the camera or behind it, tell us about how the pandemic has affected your work life. Can you see a way for filming to resume while following public health best practices? Call ust at 866-893-5722.

Guests:

John Horn, host of KPCC’s “The Frame”; he’s been reporting on the reopening of Hollywood; he tweets @JGHorn

Paul Audley, president of Film L.A., the nonprofit that oversees film and TV productions in Los Angeles

Duncan Crabtree-Ireland, chief operating officer and general counsel of SAG-AFTRA, the union representing media artists; he is currently leading SAG-AFTRA’s “Safety and Reopen Initiative”

This content is from Southern California Public Radio. View the original story at SCPR.org.

Deirdre Bolona displayed a photo of her and her late father Matt Koenig at a state legislative oversight hearing about the Aliso Canyon natural gas disaster. ; Credit: Sharon McNary/KPCC

It’s been nearly four years since the smell and chemicals from a ruptured gas well at an underground storage field forced thousands of Porter Ranch residents to leave their neighborhood for months. The recriminations and protests have not stopped.

State legislators held a hearing in Porter Ranch Tuesday to review how gas field owner Southern California Gas and public officials responded to the blowout. 

This content is from Southern California Public Radio. View the original story at SCPR.org.

Supreme Court Justice Ruth Bader Ginsburg poses for the official photo at the Supreme Court in Washington, D.C. in 2018.; Credit: Mandel Ngan/AFP via Getty Images

Supreme Court Justice Ruth Bader Ginsburg underwent non-surgical treatment Tuesday for a benign gallbladder condition, according to a press release from the Supreme Court. She plans to participate in oral arguments from the hospital on Wednesday, according to the release.

In pain on Monday, Ginsburg went to Sibley Memorial Hospital in Washington after hearing the first-ever Supreme Court teleconference of oral arguments. At Sibley, she was diagnosed with acute cholecystitis, a condition in which a gallstone migrates to the cystic duct. She nonetheless participated in arguments from home on Tuesday, but was in enough pain that she went to Johns Hopkins Hospital in Baltimore for treatment of the infected duct later Tuesday.

Doctors not involved in Ginsburg's care said non-surgical treatment typically involves antibiotics and insertion of a tube to drain the infected duct.

Friends said the justice was in good spirits on Tuesday night, and watching the Metropolitan Opera on her iPad.

Ginsburg's emergency treatment coincides with the U.S. Supreme Court's historic live-streaming of its oral arguments in which the justices are participating by telephone because of the coronavirus. According to the court statement, Ginsburg, 87, is "resting comfortably" and plans to participate in oral arguments again on Wednesday when the court considers an important birth control case.

She is expected to remain in the hospital for another day or two.

Last year, Ginsburg completed three weeks of radiation treatment after a cancerous tumor was discovered on her pancreas. It was the fourth time in 20 years that she had been treated for cancer, and the second time in a year. In December 2019, she was operated on for lung cancer.

This content is from Southern California Public Radio. View the original story at SCPR.org.

Julio Osorio stands in the Valhalla Memorial Park Cemetery near his mother's grave. (Emily Elena Dugdale/KPCC); Credit: Emily Elena Dugdale

The devastating Woolsey fire broke out one year ago. In Malibu, it wreaked havoc not only on hundreds of homeowners but also on the day laborers, housekeepers and gardeners who traveled to the city to work in its affluent neighborhoods.

This content is from Southern California Public Radio. View the original story at SCPR.org.

Mike Okamoto poses as Shogun Santa with visitors to Japanese Village. ; Credit: Chava Sanchez/KPCC

LA’s Asian Santa tradition is back. Shogun Santa has returned to Little Tokyo after a big loss in the community last year.  

This content is from Southern California Public Radio. View the original story at SCPR.org.

Most people infected with the novel coronavirus develop antibodies in response.

But scientists don't know whether people who have been exposed to the coronavirus will be immune for life, as is usually the case for the measles, or if the disease will return again and again, like the common cold.

"This to me is one of the big unanswered questions that we have," says Jeffrey Shaman, a professor of environmental health sciences at Columbia University, "because it really says, 'What is the full exit strategy to this and how long are we going to be contending with it?' "

He's one of many scientists on a quest for answers. And the pieces are starting to fall into place.

Antibodies, which are proteins found in the blood as part of the body's immune response to infection, are a sign that people could be developing immunity. But they are by no means a guarantee they will be protected for life – or even for a year.

Shaman has been studying four other coronaviruses that cause the common cold. "They're very common and so people seem to get them quite often," Shaman says. Ninety percent of people develop antibodies to those viruses, at least in passing, but "our evidence is those antibodies are not conferring protection."

That may simply because colds are relatively mild, so the immune system doesn't mount a full-blown response, suggests Dr. Stanley Perlman, a pediatrician who studies immunology and microbiology at the University of Iowa. "That's why people get colds over and over again," he says. "It doesn't really tickle the immune response that much."

He's studied one of the most severe coronaviruses, the one that causes SARS, and he's found that the degree of immunity depended on the severity of the disease. Sicker people remained immune for much longer, in some cases many years.

For most people exposed to the novel coronavirus, "I think in the short term you're going to get some protection," Perlman says. "It's really the time of the protection that matters."

Perlman notes that for some people the symptoms of COVID-19 are no worse than a cold, while for others they are severe. "That's why it's tricky," he says, to predict the breadth of an immune response.

And it's risky to assume that experiences with other coronaviruses are directly applicable to the new one.

"Unforutunately, we cannot really generalize what kind of immunity is needed to get protection against a virus unless we really learn more about the virus," says Akiko Iwasaki, a Howard Hughes Medical Institute investigator at the Yale University School of Medicine.

An immunobiologist, she is part of a rapidly expanding effort to figure this out. She and her colleagues are already studying the immune response in more than 100 patients in the medical school hospital. She's encouraged that most people who recover from the coronavirus have developed antibodies that neutralize the coronavirus in a petri dish.

"Whether that's happening inside the body we don't really know," she cautions.

Research like hers will answer that question, eventually.

But not all antibodies are protective. Iwasaki says some can actually contribute to the disease process and make the illness worse. These antibodies can contribute to inflammation and lead the body to overreact. That overreaction can even be deadly.

"Which types of antibodies protect the host versus those that enhance the disease? We really need to figure that out," she says.

The studies at Yale will follow patients for at least a year, to find out how slowly or quickly immunity might fade. "I wish there was a shortcut," Iwasaki says, "but we may not need to wait a year to understand what type of antibodies are protective."

That's because she and other immunologists are looking for patterns in the immune response that will identify people who have long-term immunity.

Researchers long ago figured out what biological features in the blood (called biomarkers) correlate with immunity to other diseases, says Dr. Kari Nadeau, a pediatrician and immunologist at the Stanford University School of Medicine. She expects researchers will be able to do the same for the new coronavirus.

Nadeau is working on several studies, including one that seeks to recruit 1,000 people who were previously exposed to the coronavirus. One goal is to identify people who produce especially strong, protective antibody responses. She says the antibody-producing cells from those people can potentially be turned into vaccines.

Another critical question she's zeroing in on is whether people who become immune are still capable of spreading the virus.

"Because you might be immune, you might have protected yourself against the virus," she says, "but it still might be in your body and you're giving it to others."

That would have huge public health implications if it turns out people can still spread the disease after they've recovered. Studies from China and South Korea seemed to suggest this was possible, though further studies have cast doubt on that as a significant feature of the disease.

Nadeau is also trying to figure out what can be said about the antibody blood-tests that are now starting to flood the market. There are two issues with these tests. First, a positive test may be a false-positive result, so it may be necessary to run a confirmatory test to get a credible answer. Second, it's not clear that a true positive test result really indicates a person is immune, and if so for how long.

Companies would like to be able to use these tests to identify people who can return to work without fear of spreading the coronavirus.

"I see a lot of business people wanting to do the best for their employees, and for good reason," Nadeau says. "And we can never say you're fully protected until we get enough [information]. But right now we're working hard to get the numbers we need to be able to see what constitutes protection and what does not."

It could be a matter of life or death to get this right. Answers to these questions are likely to come with the accumulation of information from many different labs. Fortunately, scientists around the world are working simultaneously to find answers.

You can contact NPR Science Correspondent Richard Harris at rharris@npr.org.

This content is from Southern California Public Radio. View the original story at SCPR.org.

A woman wearing a mask walks past closed store fronts in the Astoria neighborhood of Queens on April 15 in New York City. States are beginning to implement phased reopening plans, in part to help businesses hit hard by the coronavirus.; Credit: Johannes Eisele/AFP via Getty Images

President Trump wants states to begin relaxing stay-at-home orders and reopen businesses after the spread of the coronavirus pummeled the global economy and killed millions of jobs.

The White House coronavirus task force released guidelines on April 16 to encourage state governors to adopt a phased approach to lifting restrictions across the country. Some states have moved ahead without meeting the criteria.

The task force rejected a set of additional detailed draft recommendations for schools, restaurants, churches and mass transit systems from the Centers for Disease Control and Prevention that it considered "overly prescriptive."

A number of states have already begun to lift restrictions, allowing for businesses including hair salons, diners and tattoo parlors to once again begin accepting customers. Health experts have warned that reopening too quickly could result in a potential rebound in cases.

States are supposed to wait to begin lifting any restrictions until they have a 14-day "downward trajectory" of influenza-like illnesses and confirmed virus cases, as well as sufficient hospital capacity and testing for health care workers.

Below is a summary of the three phases as outlined by the task force (read the full guidance here):

Don't see the graphic above? Click here.

This content is from Southern California Public Radio. View the original story at SCPR.org.

; Credit: LA Johnson/NPR

When Jessyka Bagdon set out to move her tap dancing classes online, big questions started popping up right away: What about kids who don't own their own tap shoes? How to tap dance at home without ruining the floor?

And then came the really big challenge: Online programs like Zoom are designed for meetings, not dance classes. "They're made to pick up voices," she explains, not the clickety clack of tap-dancing shoes. "So how do we make the system not filter out our tap sounds as background noise?"

So Blagdon, an instructor at 'Knock on Wood Tap Studio' in Washington, D.C., set about problem-solving. No tap shoes? Turns out Mary Jane flats work well. Saving the floor? A piece of plywood does the trick.And that muffled sound over Zoom? Blagdon says fiddling around with some computer settings can help.

In the nation's capital, like the rest of the country, kids cooped up at home for weeks now are craving both physical activity and the mental and creative challenges that extracurricular activities bring. And ballet instructors, soccer coaches and piano teachers — just to name a few — are finding the shutdown every bit as complicated as schools moving academic lessons online.

As their counterparts in schools are finding every day, it's really difficult to explain — watching on a screen — to children in a painting class exactly how to hold the brush to get the right effect. Or to align a young karate student's body just so, for a proper sidekick.

Nevertheless, coaches and instructors are finding creative ways of keeping children active and engaged.

Weeks in, Bagdon says she still has the occasional bump but not always because of technology.

"Emmy, how come you're not dancing with us, my friend?" she asks one 5-year-old who has wandered off screen during class. Her student Emeline has a perfectly valid response, "Sometimes I go to drink a glass of milk!"

For student athletes looking ahead to a summer of meets, games and matches, and the companionship of their friends and teammates, the shutdown is frustrating.

Ava Morales, 16, of Bethesda, Md., was excited about showing off her skills this month in front of hundreds of college recruiters. But instead of being in Arizona, she's stuck at home and can't even see her teammates.

"We're all best friends," she says. "So it's heartbreaking we can't spend time together and that our season is basically cancelled." The online activities are comforting, she says, because it helps keep all her team motivated.

In the Washington area, 60 local soccer clubs have joined together in a new group called DMV United. And they've made a pledge that, during the shutdown, coaches won't engage in recruiting activities.

Tommy Park, with the Alexandria Soccer Association in Virginia, says coaches have shared different online workouts as well as apps that focus on specific soccer skills.

"The apps allow you to log how many juggles you have on the ball in a row and then log that," Park explains. "Maybe you can only get five the first time and then you see your teammates at eight. So try to get nine and you see all of your teammates progress."

Some players are reviewing championship games on video, or making Instagram videos of soccer tricks; others are reading about sports psychology.

But Matt Libber with the Maryland SoccerPlex is clear, this can never replace the adrenaline rush of actually being on the field.

And he worries about some of those bigger lessons kids are missing out on, like the importance of losing sometimes.

"Competing online or through Instagram, yeah, you're losing but you're not losing," he says. A big part of what he and other coaches teach, he says, are "some of those life lessons that, you know, if you learn them as a kid, it makes being an adult so much easier."

This content is from Southern California Public Radio. View the original story at SCPR.org.

A woman wearing a mask walks past closed store fronts in the Astoria neighborhood of Queens on April 15 in New York City. States are beginning to implement phased reopening plans, in part to help businesses hit hard by the coronavirus.; Credit: Johannes Eisele/AFP via Getty Images

President Trump wants states to begin relaxing stay-at-home orders and reopen businesses after the spread of the coronavirus pummeled the global economy and killed millions of jobs.

The White House coronavirus task force released guidelines on April 16 to encourage state governors to adopt a phased approach to lifting restrictions across the country. Some states have moved ahead without meeting the criteria.

The task force rejected a set of additional detailed draft recommendations for schools, restaurants, churches and mass transit systems from the Centers for Disease Control and Prevention that it considered "overly prescriptive."

A number of states have already begun to lift restrictions, allowing for businesses including hair salons, diners and tattoo parlors to once again begin accepting customers. Health experts have warned that reopening too quickly could result in a potential rebound in cases.

States are supposed to wait to begin lifting any restrictions until they have a 14-day "downward trajectory" of influenza-like illnesses and confirmed virus cases, as well as sufficient hospital capacity and testing for health care workers.

Below is a summary of the three phases as outlined by the task force (read the full guidance here):

Don't see the graphic above? Click here.

This content is from Southern California Public Radio. View the original story at SCPR.org.

Source: Streetwise Reports   04/24/2020

Mesoblast Ltd. (MESO:NASDAQ; MSB:ASX) today announced that it had achieved an "83% survival in ventilator-dependent COVID-19 patients (10/12) with moderate/severe acute respiratory distress syndrome (ARDS) treated during the period March-April 2020 with two intravenous infusions of Mesoblast's allogeneic mesenchymal stem cell product candidate remestemcel-L within the first five days." The company stated that of the 12 patients treated, 75% (9/12) successfully came off ventilator support after a median timeframe of 10 days. The firm advised that all of the patients were treated under an emergency Investigational New Drug (IDA) application or expanded access protocol at Mt. Sinai hospital in New York City and so far seven of the patients have been discharged from the hospital. The company noted that each of the patients had received a variety of experimental agents prior to being treated with remestemcel-L.

The firm explained that until now only about 9% (38/445) of ventilator-dependent COVID-19 patients at a major referral hospital network in New York City were able to come off ventilator support when treated with existing standard of care treatments during March and April 2020. The company reported that at a second major referral hospital network in New York City over the same period, there was 88% mortality with only 12% survival (38/320) among ventilator-dependent COVID-19 patients.

The company's CEO Dr. Silviu Itescu commented, "The remarkable clinical outcomes in these critically ill patients continue to underscore the potential benefits of remestemcel-L as an anti-inflammatory agent in cytokine release syndromes associated with high mortality, including acute graft versus host disease and COVID-19 ARDS. We intend to rapidly complete the randomized, placebo-controlled Phase 2/3 trial in COVID-19 ARDS patients to rigorously confirm that remestemcel-L improves survival in these critically ill patients."

Dr. Fred Grossman, Mesoblast's Chief Medical Officer, added, "There is a significant need to improve the dismal survival outcomes in COVID-19 patients who progress to ARDS and require ventilators. We have implemented robust statistical analyses in our Phase 2/3 trial as recommended by the US Food and Drug Administration (FDA) in order to maximize our ability to evaluate whether remestemcel-L provides a survival benefit in moderate/severe COVID-19 ARDS."

Mesoblast Ltd. is headquartered in Melbourne, Australia, and is a developer of industrial-scale, cryopreserved, off-the-shelf allogeneic cellular medicines. The company utilizes its proprietary mesenchymal lineage cell therapy technology platform in order to create a wide portfolio of commercial products and late-stage product candidates. The firm indicated that "the Biologics License Application to seek approval of its product candidate RYONCIL™ (remestemcel-L) for steroid-refractory acute graft versus host disease has been accepted for priority review by the U.S. Food and Drug Administration." The company has offices in Australia, the U.S. and Singapore.

Mesoblast began the day with a market capitalization of around $687.9 million with approximately 106.7 million shares outstanding. MESO shares opened nearly 142% higher today at $15.59 (+$9.14, +141.71%) over yesterday's $6.45 closing price and reached a new 52-week high price this morning of $20.57. The stock has traded today between $13.01 and $20.57 per share and is presently trading at $14.76 (+$8.30, +128.76%).

Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
6) This article does not constitute medical advice. Officers, employees and contributors to Streetwise Reports are not licensed medical professionals. Readers should always contact their healthcare professionals for medical advice.

( Companies Mentioned: MESO:NASDAQ; MSB:ASX, )

Shares of Energous Corp. skyrocketed after the company reported that it received certification from the FCC for its new, "groundbreaking" over-the-air, power-at-a-distance wireless charging WattUp® technology.

Shares of ION Geophysical traded higher after the company reported Q1/20 financial results that included a 53% year-over-year increase in revenue.

The fossil remains of a new tiny species of marsupial lion which prowled the lush rainforests of northern Australia about 18 million years ago have been unearthed in the Riversleigh World Heritage Area of remote north-western Queensland.

read more

Soil erosion after wildfire can be substantially reduced by using a combination of sowing grass seeds and protecting the soil with a layer of straw, a Spanish study suggests. The authors of the research found that, although seeding alone made little difference, the combination of straw mulch and seeding reduced soil erosion by 93%.

Personal tracking tools -- technologies that meticulously count our daily steps, map our runs, account for each purchase - fall in and out of favor in users' lives.

read more

Small sellers on e-commerce platforms said they are faced with a working capital crunch and the delay would force them to pay partial or no salaries for April.

Amazon India has announced a Rs 10 crore investment to sign up, train and help businesses catalogue products.

Facebook said advertising revenue was roughly flat in the first three weeks of April compared with the same period last year

A new study has assessed community perceptions towards a controversial wind-farm development in Cornwall, UK, following installation. The results indicate that a range of social, economic and environmental factors influence residents’ perceptions of wind farms. Although negative opinions of the wind farm were found both before and after construction, overall, community attitudes towards them became more favourable after construction, adding to evidence that fear of living near wind farms can reduce over time.

Researchers have raised concerns that an increase in the use of biocides could reduce their effectiveness and, in some cases, may lead to the development of antibiotic resistant bacteria. Standard risk assessment methods are urgently needed for the use of biocides in real-life situations, according to the scientists.

The European ban on atrazine has effectively reduced concentrations of the herbicide in coastal waters, a new study has found. However, the researchers also warn that, in some areas, atrazine levels remain relatively high as some countries have not yet restricted use of the chemical.

Lithium production has increased dramatically during the past decade. A new study has found that exposure of rainbow trout to lithium results in fast accumulation in plasma and the brain, along with decreased concentrations of ions such as sodium.

Wastewaters from fruit-packaging plants may contain preservative chemicals. When spread onto fields, these wastewaters affect the way soil microbes cycle nitrogen, new research has found. Although this may impair crop growth, according to the authors, the results could also lead to the development of new substances that reduce nitrate run-off from agricultural land.

A recent study suggests that mercury deposited from the atmosphere is the main source of mercury pollution in the open oceans. Curbing mercury emissions will slowly lead to a decrease in contaminated fish, as eaten by humans, within a few years to decades after the cuts have been made, the researchers suggest.

Two Vietnamese nationals have been sentenced to a collective total of almost 30 years behind bars, after importing more than 300 kilograms of methamphetamine concealed inside steel gates into Victoria in 2017.

A Taiwanese national has been sentenced to 13 years behind bars, for his role in the importation of more than 40 kilograms of methamphetamine concealed in packaging equipment into NSW in 2015.

The Supreme Court of Western Australia has ordered $175,100 be forfeited to the Commonwealth, following an Australian Federal Police (AFP) investigation into proceeds of crime seized at Perth Airport in 2018.

An ongoing investigation by Australian authorities into the sexual abuse of children in the Philippines, including suspected live distance abuse committed by an Australian citizen, has resulted in the rescue of three children and the arrest of one woman in the Philippines.

Refinance requests increased 132 percent following the Brexit vote as borrowers capitalize on historically low mortgage rates, according to Zillow Group Mortgages analysis

The median list price of homes on the market in the U.S. is slightly higher than a year ago