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CCC Intelligent Solutions Holdings (CCC) Stock News, Nov-Dec 2020

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CCC Intelligent Solutions Holdings Inc. reports developments in its cloud SaaS and AI platform for the property and casualty insurance economy. Its technology supports digital workflows linking insurers, collision repairers, automakers, parts suppliers, and other participants across claims and vehicle repair processes.

Recurring updates include financial results and outlook, adoption of AI-based workflow tools, CCC ONE product capabilities such as mobile invoice scanning and consumer financing, and integrations within the CCC Diagnostics Network for scan, calibration, and repair-order documentation. Company news also includes industry data from Crash Course reports and governance or leadership changes.

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Clarivate Plc (NYSE: CCC) announced that Executive Chairman Jerre Stead and CFO Richard Hanks will present at the Barclays Global Technology, Media and Telecommunications Conference on December 9, 2020, at 2:00 PM Eastern Time. A live webcast will be accessible via the Investor Relations section of their website, with a replay available for 30 days afterward. Clarivate focuses on providing information and insights to expedite innovation across science and intellectual property domains.

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Clarivate Plc (NYSE:CCC) has launched a new colleague retention program that awards restricted share units (RSUs) based on its Customer Delight survey score. This initiative, which aligns employee rewards with customer satisfaction, aims to enhance employee engagement and retention. The program will provide nearly 5,000 full-time colleagues with a $2,000 RSU grant globally. CEO Jerre Stead emphasized that this strategy connects customer and colleague success, fostering long-term value for both the company and its employees.

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Clarivate Plc (NYSE:CCC) has announced its acquisition of South Korean Hanlim IPS Co., enhancing its intellectual property solutions and innovation capabilities. The collaboration will cater to the growing demand for PCT filings in South Korea, which rose by 12.8% from 2018 to 2019. This strategic move aims to provide a comprehensive suite of IP solutions and local customer support tailored for the APAC market. Leadership from both companies expressed confidence that this merger will accelerate innovation and broaden market reach.

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Clarivate Plc (NYSE: CCC) has announced its 2021 Adjusted diluted EPS outlook, projecting a range of $0.73 to $0.79. This update follows the company's previous outlook shared on November 10, 2020, during its Virtual Investor Day, where it did not include Adjusted EPS due to ongoing evaluations regarding the tax impact from the CPA Global acquisition.

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Clarivate Plc (NYSE:CCC) has joined over 3,962 companies in endorsing the Women's Empowerment Principles (WEPs), which promote gender equality in business practices. This commitment reflects the company's stance on sustainability, corporate responsibility, and innovation. Jerre Stead, Executive Chairman and CEO, emphasized the importance of diversity and inclusion as key to solving complex global challenges. By aligning with WEPs, Clarivate aims to contribute to the United Nations Sustainable Development Goals and collaborate with other stakeholders to empower women.

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Clarivate Plc (NYSE:CCC) released the 2020 CMR International Pharmaceutical Clinical Factbook, highlighting significant trends in the Phase II clinical trials. The report shows a 7% increase in clinical trial volume from 2014 to 2019, with Phase II trials having 85% amendments. Notably, the average cost per Phase II trial subject exceeds US$90,000, marking these trials as the most expensive. The findings also indicate that while Asia Pacific and North America initiated similar numbers of trials, patient recruitment predominantly occurs in North America.

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Clarivate Plc (NYSE: CCC) announced that its subsidiary, MarkMonitor Information Technology, is now a licensed domain name registrar in Mainland China. This enables MarkMonitor to offer multiple top-level domains (TLDs) like .com and .net, facilitating companies' entry into the significant Chinese online market. With over one billion internet users, this expansion supports Clarivate's mission to enhance its intellectual property solutions in a rapidly growing region. The initiative aims to help companies manage domain portfolios while mitigating security risks associated with domain management.

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Clarivate Plc (NYSE:CCC) releases its 2020 Highly Cited Researchers list, recognizing 6,167 influential researchers globally. The US leads with 2,650 researchers (41.5%), although its share has decreased from 44% in 2019. Mainland China increases its representation to 770 researchers (12.1%), boosted by institutions like Tsinghua University. The list also features 26 Nobel laureates and 66 Citation Laureates. Notably, Europe and Australia show growth in their contributions to highly cited research, indicating a shift in global research dynamics.

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On November 12, 2020, Clarivate Plc (NYSE: CCC) announced that Executive Chairman Jerre Stead and CFO Richard Hanks will present at the RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference. The presentation is scheduled for November 17, 2020, at 3:20 PM Eastern Time. A live webcast will be available on the Investor Relations section of the Clarivate website and a replay will be accessible for 30 days post-event. Clarivate is dedicated to providing trusted information and insights to accelerate innovation.

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Clarivate Plc has unveiled its latest report analyzing the research performance of G20 nations, highlighting their contributions to COVID-19 research. The report, The Annual G20 Scorecard – Research Performance 2020, emphasizes that G20 countries produce 81% of global GDP and represent 92% of global R&D spending. It notes a surge in research output in member nations like Australia and China, contrasting with a decline in the United States. The findings aim to assist policymakers and researchers in tracking progress as the G20 prepares for its upcoming summit in Riyadh.

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FAQ

What is the current stock price of CCC Intelligent Solutions Holdings (CCC)?

CCC Intelligent Solutions Holdings (CCC) last closed at $7.67.

What is the market cap of CCC Intelligent Solutions Holdings (CCC)?

The market cap of CCC Intelligent Solutions Holdings (CCC) is approximately $4.5B.