Pre-market Movers: TWOU, XAIR, AGRX, NRGV, ICVX…

Creminelli Recalls Mini Parmesan Salami Stick Products

Salt Lake City, Utah-based Creminelli Fine Meats is recalling around 4,207 pounds of ready-to-eat or RTE parmesan salami sticks citing misbranding and an undeclared allergen, the U.S. Department of Agriculture’s Food Safety and Inspection Service or FSIS announced.

The recall involves 2.6-oz. plastic pouches containing “CREMINELLI FINE MEATS salami minis UNCURED ITALIAN SALAMI PARMESAN” with “BEST BY” dates from 06/18/22 through 12/09/22.

The RTE salami stick with parmesan items were packaged on various dates from October 26, 2021 through April 26, 2022. The products subject to recall bear establishment number “EST34644”. These items were shipped to retail locations in Arizona, California, Colorado, Florida, Georgia, Illinois, Massachusetts, and Utah, and sold through internet sales nationwide.

The product contains egg lysozyme, an egg white protein and known allergen, which is not declared on the final product label. The recall was initiated after the inspection personnel discovered the issue during a routine label verification review.

However, there have been no confirmed reports of adverse reactions due to consumption of these products.

FSIS is concerned that some product may be in consumers’ pantries, and urged them to throw the products away or return to the place of purchase.

Death investigation underway in Denver, police say

Officers in Denver are conducting a death investigation, police said on Tuesday night.

The investigation is centered in the 11200 block of Martin Luther King Boulevard, police said in a 7:44 p.m. tweet on Tuesday.

 

Lavender Shortbread Cookies Sold At Target Recalled

J&M Foods is recalling certain Lavender Shortbread Cookies sold through department store chain Target Corp. due to undeclared allergens, the U.S. Food and Drug Administration said.

These packages were erroneously packed with Chocolate Chip Cookies and do not disclose the presence of a possible allergen, such as soy or eggs.

The recall involves 1,464 units of Favorite Day branded 7 oz Lavender Shortbread Cookies with UPC 0-85239-28609-8 and lot code BB 18-Apr-2023.

The recalled product was sold nationally at Target as an individual package of 7 ounces.

The agency noted that some people who have an extreme allergy or severe sensitivity to soy or eggs could run the risk of a serious allergic reaction if they consume this product.

The recall was initiated after receiving a consumer contact. The company has not received any reports of illnesses related to the recalled product to date.

Target has removed the product from their store shelves and online after receiving notification.

Consumers who purchased the impacted product are asked to contact Target for a refund.

Holcim To Buy Privately Held Belgian Firm Cantillana For Undisclosed Sum

The Holcim Group or LafargeHolcim (HCMLY.PK,HCMLF.PK), a Swiss building materials maker, said on Wednesday that it has inked a deal to acquire privately held Belgian specialty building solutions provider- Cantillana.

Financial terms of the deal have not been divulged.

“Cantillana’s extensive experience in façade construction systems and external thermal insulation composite systems will further strengthen Holcim’s position in building renovation and energy efficiency solutions,” the acquirer said in a statement, adding that the transaction will complement its recent acquisitions.

With estimated net sales of 80 million euros for 2022, Cantillana has nine production sites in Belgium, France, Germany and the Netherlands.

The acquisition is expected to support Holcim’s focus to expand its Solutions & Products business to 30 percent of the Group’s net sales by 2025.

Oil Rebounds As Supply Concerns Return

Oil prices recovered some ground on Wednesday after a heavy sell-off in the previous session amid fears of recession.

Benchmark Brent crude futures rose 1.1 percent to $103.91 after having plunged 9.5 percent in the previous session, marking the biggest single-day drop since March.
WTI crude futures were up half a percent at $99.95 after closing below $100 for the first time since late April on Tuesday.

Focus returned to tight supplies after a Russian court ordered the “temporary closure” of the Novorossiysk oil terminal, which is key for exporting Kazakh oil, citing environmental concerns.

Kazakhstan said it was discussing measures to tackle the impact of restrictions on oil exports via the Caspian Pipeline Consortium (CPC), which ships Kazakh crude via Russia to the Black Sea.

Meanwhile, Mohammad Barkindo, Nigerian politician and the secretary general of oil producer group OPEC, has died at the age of 63 late Tuesday, just hours after he stated that the industry faces some problems due to years of under-investment.

Pre-market Movers: TWOU, XAIR, AGRX, NRGV, ICVX…

The following are some of the stocks making big moves in Wednesday’s pre-market trading (as of 06.50 A.M. ET).

In the Green

2U, Inc. (TWOU) is up over 16% at $10.88
Beyond Air, Inc. (XAIR) is up over 15% at $6.67
TransMedics Group, Inc. (TMDX) is up over 9% at $34.38
Richardson Electronics, Ltd. (RELL) is up over 8% at $16.98
SilverCrest Metals Inc. (SILV) is up over 8% at $7.25
Global Cord Blood Corporation (CO) is up over 8% at $3.44
Weber Inc. (WEBR) is up over 7% at $8.76
Barnes & Noble Education, Inc. (BNED) is up over 7% at $3.19

In the Red

Agile Therapeutics, Inc. (AGRX) is down over 14% at $2.05
Energy Vault Holdings, Inc. (NRGV) is down over 13% at $8.61
Icosavax, Inc. (ICVX) is down over 13% at $7.27
AeroVironment, Inc. (AVAV) is down over 9% at $73.99
Carnival Corporation & plc (CUK) is down over 9% at $8.52
Upstart Holdings, Inc. (UPST) is down over 8% at $32.71
Carnival Corporation & plc (CCL) is down over 8% at $9.46
NIO Inc. (NIO) is down over 7% at $20.68
ToughBuilt Industries, Inc. (TBLT) is down over 7% at $2.64