Stockwinners Market Radar for November 30, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
HOOD | Hot Stocks20:14 EST Cathie Wood's ARK Investment bought 837K shares of Robinhood on Tuesday
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TWTR | Hot Stocks20:13 EST Cathie Wood's ARK Investment bought 1.1M shares of Twitter on Tuesday
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ZM | Hot Stocks20:10 EST Cathie Wood's ARK Investment bought 162K shares of Zoom Video on Tuesday
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PANW | Hot Stocks19:25 EST Palo Alto Networks CEO sells $5.1M in common stock - In a regulatory filing, Palo Alto Networks disclosed that its CEO Nikesh Arora sold 9.4K shares of common stock on November 29th in a total transaction size of $5.1M, reducing his stake by about 2%.
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TCFC | Hot Stocks18:43 EST Community Financial raises dividend 17% to 17.5c - The Community Financial , the bank holding company for Community Bank of the Chesapeake, announced that its Board of Directors has declared a quarterly cash dividend of 17.5c per share of common stock, up from 15c in the previous quarter. This represents a 17% increase over the previous quarter. The dividend will be paid on or about January 24, 2022 to stockholders of record as of the close of business on January 10, 2022.
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EBAY PYPL | Hot Stocks18:39 EST PayPal CEO: Online is an increasing amount of overall retail today - In an interview on CNBC's Mad Money, Dan Schulman said PayPal had a "real strong start" coming into November. The company is still on track for 55M net new actives and over 416M people are currently on the platform, he noted. PayPal is already one of the top three or four buy now-pay later players in the world, he added. During Black Friday, volume on buy now-pay later was up almost 400% year over year. Ebay (EBAY) is now less than 3% of TPV and about 3% of revenues, according to Schulman. The company is seeing "consistent strong core performance." It has a very strong balance sheet and will be acquisitive, but has very strict criteria, he noted.
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CRM | Hot Stocks18:21 EST Salesforce co-CEO Benioff: I'm never leaving the company - In an interview on CNBC's Mad Money, Marc Benioff said, "I love Salesforce and I'm never leaving. It's my life's pursuit." The core of the business is growing very quickly, faster than expected, he noted. "We're very excited about the future." Co-CEO Bret Taylor said the core of Salesforce's business has "never been stronger."
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IBM | Hot Stocks18:01 EST IBM acquires SXiQ, terms not disclosed - IBM announced the acquisition of SXiQ, an Australian digital transformation services company specializing in cloud applications, cloud platforms and cloud cybersecurity. This news further advances IBM's hybrid cloud and AI strategy by helping enterprises modernize and transform complex mission-critical applications on multiple clouds and platforms. Financial details were not disclosed.
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MRK | Hot Stocks17:53 EST Merck says FDA panel vote on COVID antiviral a 'positive outcome' - Merck and Ridgeback Biotherapeutics provided a statement at the conclusion of the U.S. Food and Drug Administration's Antimicrobial Drugs Advisory Committee regarding the Emergency Use Authorization application for molnupiravir, an investigational oral antiviral medicine, for the treatment of mild to moderate COVID-19 in adults with positive results of direct SARS-CoV-2 viral testing who are at high risk for progressing to severe COVID-19 and/or hospitalization. The Advisory Committee voted 13-10 that the known and potential benefits of molnupiravir outweigh its known and potential risks for the treatment of mild to moderate COVID-19 in high risk adult patients who are within five days of symptom onset. The FDA is not bound by the committee's guidance but takes its advice into consideration. "The positive outcome of today's FDA Advisory Committee meeting, following a comprehensive review of molnupiravir, including the compelling data from the MOVe-OUT study demonstrating a significant reduction in hospitalizations and deaths, is a critical step toward bringing this promising oral medicine for COVID-19 to appropriate patients in the U.S. With the continued spread of the virus and the emergence of variants, additional treatments for COVID-19 are urgently needed. That is why we are moving with speed and rigor to pursue authorizations and to accelerate broad global access to this investigational medicine," said Dr. Dean Y. Li, executive vice president and president, Merck Research Laboratories. "We are grateful to the members of the Advisory Committee who reviewed our application, as well as to the patients and investigators who participated in our clinical trials, and we will continue to work with the FDA as the agency completes its review."
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KD | Hot Stocks17:53 EST Kyndryl Holdings CEO buys $997K, CFO buys $248K in common stock - In regulatory filings, Kyndryl Holdings disclosed that its CEO Martin Schroeter bought 58.3K shares of common stock for $997K and CFO David Wyshner bought 14.9K shares for $248.4K on November 29th, boosting their respective holdings by 10% and 6%. Shares of Kyndryl Holdings are up 2.8% in after-hours trading at $16.24.
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CTIC | Hot Stocks17:33 EST CTI BioPharma announces extension of FDA review period for pacritinib NDA - CTI BioPharma announced the FDA has extended the review period for the new drug application, or NDA, for pacritinib for the treatment of adult patients with intermediate or high-risk primary or secondary myelofibrosis, or MF. The Prescription Drug User Fee Act action date has been extended by three months to February 28, 2022. In Q2, the FDA granted priority review for CTI's NDA for patients with myelofibrosis with a PDUFA date of November 30. In the course of product labeling discussions, the FDA requested additional clinical data, which was submitted to the agency on November 24. Earlier, the FDA informed the company that it considers the data submission to constitute a "major amendment" to the NDA and therefore the PDUFA date has been extended by three months to provide additional time for a full review of the submission. At the current time, CTI is not aware of any major deficiencies in the application.
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RUSHA RUSHB | Hot Stocks17:27 EST Rush Enterprises announces $100M stock repurchase program - Rush Enterprises announced that its board approved a new stock repurchase program authorizing the company to repurchase, from time to time, up to an aggregate of $100M of its shares of Class A common stock and/or Class B common stock. This new stock repurchase program replaces the company's prior $100M stock repurchase program. As of November 29, 2021, the company had repurchased $30.7M worth of shares of its common stock under the prior stock repurchase program, which was scheduled to expire on December 31, 2021, and was terminated effective December 1, 2021.
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LMT | Hot Stocks17:26 EST Lockheed Martin awarded $121.03M Navy contract modification - Lockheed Martin was awarded a $121.03M modification to a previously awarded firm-fixed-price, cost-plus-fixed-fee, cost reimbursable contract. This modification exercises an option to procure 35 full-rate production electronic Consolidated Automated Support System, or eCASS, units, associated data, engineering support services, and related equipment, including one genie lift, one test program set development suite, three self-maintenance and test/calibration operational test program sets, four calibration equipment suites/kits, 40 rack rail kits, 41 shore installation kits, 42 ship installation kits, 47 core stations, and 109 mission equipment kits in support of the Navy's AV-8B, C-2, E-2D, EA-6B, EA-18G, E-2, F/A-18A/B/C/D/E/F, H-60R/S, T-45 and V-22 programs and Foreign Military Sales, or FMS, customers. Work will be performed in Orlando, Florida, and is expected to be completed in December 2024. The Naval Air Warfare Center Aircraft Division is the contracting activity.
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DLA | Hot Stocks17:25 EST Delta Apparel names Simone Walsh as CFO - Delta Apparel announced that its Board of Directors has appointed Simone Walsh as the company's Vice President, CFO & Treasurer. Deborah Merrill submitted her resignation, but has agreed to continue working with the company on an orderly transition of her responsibilities to Walsh through January 22, 2022. Walsh has most recently served as Vice President - Deputy Controller of Novelis Inc., since September 2020.
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RTX | Hot Stocks17:24 EST Raytheon Technologies awarded $447.6M Navy contract modification - Raytheon Technologies was awarded an undefinitized $447.6M not-to-exceed modification to a previously awarded cost-plus-incentive-fee, fixed-price incentive, cost-plus-fixed-fee, cost reimbursable contract. This contract provides for the procurement of recurring sustainment support activities including maintenance of support equipment, common program activities, unique and common base recurring sustainment, repair of repairables, field service representatives, common replenishment spares, conventional take-off and landing/carrier variant F-135 unique maintenance services, and short take-off and landing F-135 unique services in support of the F-35 Lightning II F135 propulsion system for the Air Force, Marine Corps, Navy, Air National Guard, non-Department of Defense, or DOD, participants, and Foreign Military Sales customers. Work is expected to be completed in May 2022. The Naval Air Systems Command is the contracting activity.
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DHR | Hot Stocks17:15 EST Danaher director Zerhouni sells 3,409 common shares - In a regulatory filing, Danaher director Elias Zerhouni disclosed the sale of 3,409 common shares of the company on November 29 at a price of $328.423 per share.
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MKC | Hot Stocks17:02 EST McCormick increases quarterly dividend to 37c per share - The board of directors of McCormick declared an increase in the quarterly dividend from 34c to 37c per share on its common stocks, payable January 10, 2022 to shareholders of record December 31. At 37c, the quarterly dividend is double the amount paid in 2014.
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CVE | Hot Stocks17:01 EST Cenovus Energy announces asset sales of about $660M - The company states: "Cenovus Energy has reached agreements to sell its Husky retail fuels network and the Wembley assets in its Conventional business for combined total cash proceeds of nearly $660M, allowing the company to further focus the portfolio, accelerate deleveraging and support increasing shareholder returns."
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MNTS | Hot Stocks16:51 EST Momentus to join MSCI Global Small Cap Indexes - Momentus announced its common stock will be added to the MSCI Global Small Cap Indexes after market close on November 30, 2021. CEO John Rood says: "Momentus has taken significant steps this year toward our goal of providing the space transportation and infrastructure services that we believe will drive the growth of the space economy, and we're looking ahead to an exciting future."
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T | Hot Stocks16:48 EST AT&T CEO sees postpaid phone ARPU stabilizing in 2022 - Jeff McElfresh, CEO of AT&T Communications, spoke at the Wells Fargo Technology Media and Telecom Summit, where he provided an update on AT&T. McElfresh discussed momentum in AT&T's wireless business, noting that AT&T's consistent go-to-market strategy has driven improved market position supported by healthy wireless service revenue and EBITDA1 growth. McElfresh noted that over the past five quarters the company has delivered its best subscriber results in a decade, with nearly 4 million postpaid phone net additions, and 1.4M fiber net additions. At the same time, wireless delivered its best-ever EBITDA in the third quarter of 2021, up 3.6% year over year. Looking forward, McElfresh is encouraged by underlying mobile industry trends and sees limited signs that suggest a near-term shift in demand levels. He said he believes AT&T's momentum is sustainable with the company's simplified plans, targeted subsegment approach, improved customer experience and network performance all helping AT&T retain and attract subscribers, leading to lower churn and increased customer lifetime value. Reiterating recent comments by CFO Pascal Desroches, McElfresh indicated that AT&T's outlook for 2022 and beyond does not assume a continuation of outsized industry net adds. Should recent mobile industry trends continue, he believes the changes made to AT&T's go-to-market strategy puts the company in a better position to capitalize on healthier than anticipated demand. McElfresh noted that AT&T continues to see postpaid phone ARPU stabilizing in 2022 with an improvement in international roaming and subscribers adopting higher-ARPU plans balancing the impact of amortization accounting for device promotions. McElfresh said that fewer than a quarter of gross adds and upgrades in the third quarter traded in newer devices for premium promotional offers. As previously noted, only about 20% of AT&T's postpaid smartphones are on Unlimited Elite - the company's highest-ARPU and fastest-growing rate plan. With postpaid phone ARPU stabilizing in 2022, AT&T expects higher wireless service revenues from a growing postpaid subscriber base. McElfresh also indicated that he believes AT&T can continue to profitably increase its wireless market share going forward and reiterated that the company continues to expect fourth-quarter EBITDA growth to exceed third-quarter levels.
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FRPT | Hot Stocks16:44 EST Freshpet CEO buys $200K in common stock - In a regulatory filing, Freshpet disclosed that its CEO William Cyr bought 1.8K shares of common stock on November 26th in a total transaction size of $200K, boosting his stake by about 2%.
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BBW | Hot Stocks16:35 EST Build-A-Bear announces $25M share repurchase program - Build-A-Bear Workshop announced that its Board of Directors authorized a share repurchase program of up to $25M. Under the stock repurchase program, the Company currently intends to purchase up to $25M of its common stock in the open market, through privately negotiated transactions, or pursuant to one or more 10b5-1 plans. The primary source of funding for the program is expected to be cash on hand. The timing and amount of stock repurchases, if any, will depend on price, market conditions, applicable regulatory requirements, and other factors. The program authorizes the Company to repurchase shares through November 30, 2023, does not require the Company to repurchase any specific number of shares, and may be modified, suspended or terminated at any time without prior notice. Shares repurchased under the program will be subsequently retired.
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KBNT | Hot Stocks16:33 EST Kubient acqui-hires assets, personnel of MediaCrossing - Kubient announced its strategic acqui-hire of certain assets and personnel of privately-held MediaCrossing Inc., a digital advertising agency dedicated to bringing advertising tools, technologies and expertise to brands. As a result of the acquisition, MediaCrossing will operate within Kubient's Managed Services division. "MediaCrossing's mission is to deliver tangible results to our clients with their digital advertising campaigns through innovation and client service," said Michael Kalman, CEO and Founder of MediaCrossing. "By joining Kubient, we're able to better assist our clients in achieving their goals, as we provide them access to supply at scale through Kubient's Audience Marketplace coupled with their fraud prevention solution, KAI. Our organization believes that the future of a successful digital advertising strategy hinges upon a brand's ability to work directly and closely with supply sources, and that is exactly why we combined our capabilities with Kubient's. This is a seminal period in the ad-tech space, and we are confident that joining an innovative company like Kubient will be immediately accretive and greatly increase our value proposition."
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BBW | Hot Stocks16:32 EST Build-A-Bear announces special cash dividend of $1.25 - Build-A-Bear Workshop announced that its Board of Directors has declared a special cash dividend of $1.25 per share. The company is also pleased to announce the appointment of Narayan Iyengar and Lesli Rotenberg to its Board of Directors. Craig Leavitt, Non-Executive Chairman of the Board said, "Our robust results, strong cash flow and capital structure provide the flexibility for us to return capital to our stockholders through a special dividend payment and the initiation of a stock repurchase program while maintaining the ability to invest for profitable growth".
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WNC | Hot Stocks16:31 EST Wabash launches next-gen grocery delivery vehicle, secures $10M order - The company states: "Wabash, the innovation leader of engineered solutions for the transportation, logistics and distribution industries, announced the launch of a new light-duty, home delivery refrigerated truck body with the company's patented molded structural composite technology. A large national grocery retailer has placed an initial order over $10M for delivery in the first half of 2022."
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KTCC | Hot Stocks16:22 EST Key Tronic awarded new contract by power equipment company - Key Tronic announced that it expects to begin manufacturing in 2022 for a power equipment company. Key Tronic has been awarded the manufacturing, as well as the next generation design of a power equipment product. Initial production is expected to ramp in 2022 at the Key Tronic manufacturing campus in Juarez, Mexico. Once fully ramped, annual revenue could approach $80M dollars.
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CRM | Hot Stocks16:22 EST Salesforce slips over 5% to below $270 after Q3 results
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TTCF | Hot Stocks16:21 EST Tattooed Chef appoints Guarrasi as new Chief Operating Officer - Tattooed Chef announced that Gaspare Guarrasi has been named its new Chief Operating Officer, effective November 29. As Chief Operating Officer, Mr. Guarrasi will be responsible for the Company's global operations and production. Mr. Guarrasi will report to Sam Galletti, President and Chief Executive Officer. The Company's current Chief Operating Officer, Stephanie Dieckmann, will remain with the Company as Chief Financial Officer.
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OPFI | Hot Stocks16:19 EST OppFi reaches facilitated issuance of 2M installment loans - OppFi announced that it has facilitated the issuance of more than two million online installment loans with its OppLoans product. Through the OppFi platform, the OppLoans product uses alternative data to reflect a customer's unique financial situation and facilitates credit access through bank partnerships for consumers whose credit scores exclude them from the traditional financial ecosystem. "The accelerated growth of OppLoans shows that millions of everyday consumers are underserved by the mainstream banking system. By utilizing machine learning technologies, alternative data can unlock credit access for those with less than perfect traditional credit scores," said Jared Kaplan, Chief Executive Officer, OppFi. "This important milestone demonstrates why we believe we are well positioned to continue to grow as a leader to help people rebuild financial health with existing offerings like our OppLoans small dollar unsecured personal loans and future products in development." OppFi facilitated the issuance of its first installment loans in 2012, grew to facilitate the issuance of more than 750,000 loans by 2019, and reached the two million loan issuance milestone this month. As the OppFi platform grows, the company has collected more than seven billion informative data points as part of its AI-powered proprietary scoring algorithm, thereby improving its auto approvals to 58 percent for the most recent quarter.
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ETH | Hot Stocks16:19 EST Ethan Allen increases quarterly cash dividend 16% to 29c per share - Ethan Allen announced that its board of directors has declared a regular quarterly cash dividend of 29c per share, payable on January 5, 2022 to shareholders of record at the close of business on December 14. Farooq Kathwari, Ethan Allen's chairman, president and CEO commented, "We have a strong history of returning capital to shareholders and are pleased to continue this practice by increasing our regular quarterly dividend by 16% to $0.29 per share. The Board's decision today highlights our strong balance sheet and operating results allowing for these returns to stockholders. As we head into the 2022 calendar year, we believe we have a great opportunity to continue our growth in sales and profitability due to our talented team, strong retail network, the personal service of our interior design professionals increasingly combined with technology, our unique vertical integration whereby 75% of products are made in our North American manufacturing workshops, and our strong logistics network of national distribution centers and retail home delivery centers delivering product with white glove service to our clients' homes. We look forward to continuing our progress and remain cautiously optimistic."
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KKR | Hot Stocks16:19 EST KKR acquires Vista property from Westcore, terms not disclosed - KKR and Westcore announced that Westcore has sold an approximately 197,000-square-foot industrial warehouse located in Vista, California to KKR. Vista Commerce is located on an all-concrete site and features 14 dock-high doors, six grade-level doors, 27-foot clear height and ample power. The property is 100% leased to a publicly listed healthcare diagnostic testing company. "We are pleased grow our industrial real estate footprint in Southern California with the purchase of this well-located and fully leased industrial distribution property," said Ben Brudney, a Director in the real estate group at KKR who oversees the firm's industrial investments in the United States. CBRE represented Westcore in the sale. Westcore acquired Vista Commerce in early 2020 with assistance from CBRE, who also helped secure the lease to the current tenant. KKR acquired Vista Commerce through its KKR Real Estate Partners Americas III fund.
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T | Hot Stocks16:17 EST AT&T CEO sees postpaid phone ARPU stabilizing in 2022 - McElfresh, chief executive officer of AT&T Communications spoke at the Wells Fargo Technology Media and Telecom Summit, where he provided an update on AT&T. McElfresh discussed momentum in AT&T's wireless business, noting that AT&T's consistent go-to-market strategy has driven improved market position supported by healthy wireless service revenue and EBITDA growth. McElfresh noted that over the past five quarters the company has delivered its "best subscriber results in a decade," with nearly 4 million postpaid phone net additions, and 1.4 million fiber net additions. At the same time, wireless delivered its best-ever EBITDA in the third quarter of 2021, up 3.6% year over year. Looking forward, McElfresh said he is encouraged by underlying mobile industry trends and sees limited signs that suggest a near-term shift in demand levels. He said he believes AT&T's momentum is sustainable with the company's simplified plans, targeted subsegment approach, improved customer experience and network performance all helping AT&T retain and attract subscribers, leading to lower churn and increased customer lifetime value. Reiterating recent comments by CFO Pascal Desroches, McElfresh indicated that AT&T's outlook for 2022 and beyond does not assume a continuation of outsized industry net adds. Should recent mobile industry trends continue, he believes the changes made to AT&T's go-to-market strategy puts the company in a better position to capitalize on healthier than anticipated demand. McElfresh noted that AT&T continues to see postpaid phone ARPU stabilizing in 2022 with an improvement in international roaming and subscribers adopting higher-ARPU plans balancing the impact of amortization accounting for device promotions. McElfresh said that fewer than a quarter of gross adds and upgrades in the third quarter traded in newer devices for premium promotional offers. As previously noted, only about 20% of AT&T's postpaid smartphones are on Unlimited Elite - the company's highest-ARPU and fastest-growing rate plan. With postpaid phone ARPU stabilizing in 2022, AT&T expects higher wireless service revenues from a growing postpaid subscriber base. McElfresh also indicated that he believes AT&T can continue to profitably increase its wireless market share going forward and reiterated that the company continues to expect fourth-quarter EBITDA growth to exceed third-quarter levels.
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AMZN | Hot Stocks16:17 EST NY AG says filing a motion to force Amazon safety measures at SI facility - New York Attorney General Letitia James tweeted: "I'm filing a motion to force @amazon to immediately implement #COVID19 safety measures at its Staten Island facility after failing to protect its workers and to reinstate Chris Smalls, who was fired for speaking about these issues. Amazon must stop putting profits over people." Reference Link
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FICO | Hot Stocks16:16 EST FICO approves $500M stock repurchase program - FICO announced that its Board of Directors has approved a stock repurchase program to acquire up to $500M of the company's outstanding common stock. This new program was approved following completion of FICO's previous stock repurchase program, which was in effect from August 2021 through November 2021. The new stock repurchase program, which is open-ended, allows the company to repurchase its shares from time to time in the open market and in negotiated transactions.
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GAN | Hot Stocks16:16 EST Gan Limited board authorizes repurchase of up to $5M in shares - Gan Limited announced that its Board of Directors has authorized a share repurchase program which permits the Company to purchase up to an aggregate of $5 million of its ordinary shares on the NASDAQ Capital Market. Share repurchases under the new authorization may begin immediately and the program will expire on May 31, 2022. The shares will be repurchased with cash on hand and cash from operations. Any shares repurchased will be returned to treasury for cancellation. The price which the Company will pay for any such shares will be the prevailing market price at the time of acquisition, subject to certain limitations imposed by applicable securities laws. The actual timing, manner, and number of shares repurchased under the program will be determined by management at its discretion, together with further discussions with the board, and will depend on several factors, including the market price of GAN's common shares, general market and economic conditions, alternative investment opportunities, and other business considerations in accordance with applicable securities laws and exchange rules. The authorization does not obligate GAN to acquire any particular number of shares and repurchases may be suspended or terminated at any time at GAN's discretion.
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QDEL | Hot Stocks16:15 EST Quidel CEO says early data gives confidence in PCR, antigen tests around omicron - Quidel Corporation CEO and president Douglas Bryant released a statement regarding Quidel's ongoing efforts to evaluate COVID-19 mutations and confirm that its American-made PCR and antigen tests continue to detect COVID-19 variants such as omicron: "At Quidel, we continuously monitor the evolution and activity of COVID-19 variants in circulation, and the Omicron variant is no exception. Regarding our PCR assays, in silico analysis of the GISAID database showed that 100% of all 206 published sequences of the Omicron variant are covered by our primer and probe combinations. Regarding our antigen assays, GISAID analysis shows a high likelihood that the Omicron variant is detectable by our immunoassays. Of course, we are following up these analyses by testing live samples, and Quidel, like our industry peers, will know more in time. While our studies are ongoing, the early data give us confidence that our American-made PCR and rapid antigen tests can detect COVID-19 caused by the Omicron variant. Quidel has been, and will continue to be, vigilant in evaluating our assays with both genetic sequencing and real-world virus sample studies to assure customers of our products' efficacy as the coronavirus evolves. In the meantime, we continue to increase our manufacturing capacity to a run-rate of 70 million tests per month by the end of the year in an effort to provide our communities with access to affordable COVID-19 testing. Quidel has been at the forefront of the diagnostic industry's response to the pandemic and will continue to lead the response going forward."
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BOX | Hot Stocks16:14 EST Box sees Q4 EPS 22c-23c, consensus 22c - Sees Q4 revenue $227M-$229M, consensus $222.93M.
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CRM | Hot Stocks16:14 EST Salesforce names Bret Taylor co-CEO, vice chair - Salesforce announced that Bret Taylor has been promoted to Vice Chair of the Board and Co-CEO of Salesforce, effective immediately. Taylor has served as Salesforce's President and Chief Operating Officer since 2019, and previously served as the company's President and Chief Product Officer. "Bret is a phenomenal industry leader who has been instrumental in creating incredible success for our customers and driving innovation throughout our company. He has been my trusted friend for years, and I couldn't be happier to welcome him as Co-CEO," said Marc Benioff, Chair and Co-CEO of Salesforce. "We're in a new world and Salesforce has never been more relevant or strategic for our customers. Together, Bret and I will lead Salesforce through our next chapter, while living our shared values of trust, customer success, innovation and equality for all." Salesforce also announced the appointments of Laura Alber, President and Chief Executive Officer of Williams-Sonoma, Inc. and Oscar Munoz, former chairman and CEO, United Airlines, to the Salesforce Board of Directors. Ms. Alber's appointment is effective immediately and Mr. Munoz's is effective January 1, 2022.
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BOX | Hot Stocks16:13 EST Box announces $200M expansion of stock buyback program - On November 27, 2021, the Board of Directors authorized an expansion of its stock repurchase program by $200 million of Box's Class A common stock, increasing the aggregate amount of its approved share buyback programs to $700 million, including the Dutch Tender Offer from earlier this year. With this expanded authorization, and excluding funds previously used to repurchase shares to date, as of November 29, 2021, the Company had approximately $260 million of remaining buyback capacity.
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ACM | Hot Stocks16:13 EST Aecom sells Oil & Gas maintenance, turnaround services business - Aecom announced the signing of a definitive agreement to sell its Oil & Gas maintenance and turnaround services business to affiliates of Graham Construction. The business being divested is non-core to the Company's Professional Services business and is included in discontinued operations. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the second quarter of fiscal year 2022. "Today's announcement furthers the execution of our strategy to focus our efforts exclusively on our higher-margin and lower-risk Professional Services business," said Troy Rudd, AECOM's chief executive officer. "I thank the leadership and employees of the Oil & Gas maintenance and turnaround services team for their efforts over the years and wish the business the best of success in the future."
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ZS | Hot Stocks16:11 EST Zscaler up 4.3% after reporting Q1 earnings, giving Q2, FY22 guidance
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SRRK | Hot Stocks16:10 EST Scholar Rock announces design of phase 3 trial of Apitegromab in SMA - The company states: "Scholar Rock announced the study design for SAPPHIRE, a Phase 3 trial of apitegromab, a selective inhibitor of the activation of latent myostatin. This pivotal trial will evaluate the efficacy and safety of apitegromab in patients with non-ambulatory Type 2 and Type 3 spinal muscular atrophy, which is estimated to represent approximately two-thirds of the overall SMA patient population. Study start-up activities for SAPPHIRE have commenced."
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HSTM | Hot Stocks16:09 EST HealthStream announces share buyback authorization for up to $20M - The share repurchase program will terminate on the earlier of November 29, 2022 or when the maximum dollar amount has been expended.
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MA | Hot Stocks16:08 EST MasterCard announces new $8B share buyback program - The new share repurchase program will become effective at the completion of the company's previously announced $6B program. The company has approximately $4.4B remaining under the current program authorization.
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MA | Hot Stocks16:07 EST MasterCard raises quarterly dividend to 49c from 44c per share - The cash dividend will be paid on February 9, 2022 to holders of record of its Class A common stock and Class B common stock as of January 7, 2022.
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AGC | Hot Stocks16:07 EST Altimeter Growth announces shareholders approved business combination with Grab - Altimeter Growth announced its shareholders approved the previously announced business combination with Grab, Southeast Asia's leading superapp, at an extraordinary meeting of shareholders today. Shareholder redemptions were effectively 0%, at 0.02%. Complete official results of the vote and shareholder redemption will be included in a Current Report on Form 8-K to be filed by AGC with the SEC. As previously disclosed, the transaction is expected to close December 1 subject to the satisfaction or waiver of customary closing conditions. Following the close of the business combination, Grab's Class A common stock is expected to begin trading on the Nasdaq on December 2 under the ticker symbol "GRAB."
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NTAP | Hot Stocks16:07 EST NetApp reports Q2 billings up 7% y/y to $1.55B - Reports Q2: NetApp Public Cloud annualized revenue run rate, or ARR, increased 80% year-over-year to $388M; All-flash array annualized net revenue run rate increased 22% year-over-year to $3.1B; Product revenue grew 9% year-over-year to $814M.
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NBIX | Hot Stocks16:06 EST Neurocrine names Jude Onyia, Ph.D., as Chief Scientific Officer - Neurocrine Biosciences announced that Jude Onyia, Ph.D., has joined the company's executive management team as Chief Scientific Officer. Dr. Onyia, a scientist with more than 25 years of experience in the pharmaceutical industry, will lead the drug discovery and non-clinical development teams responsible for bolstering and advancing the company's pipeline of therapeutic candidates. Dr. Onyia most recently was the Chief Scientific Officer at Capsida Biotherapeutics.
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CMCSA... | Hot Stocks15:52 EST NFL says average viewership of 29.7M for Thanksgiving games 'highest since 1998' - NFL said via Twitter that, "Huge @NFL viewership numbers on Thanksgiving *Avg. viewership of 29.7 million (TV+Digital) for the 3 Thanksgiving Day games -- highest since 1998 *Viewers watched total of 17.1 billion minutes of LIVE @NFL games on Thanksgiving Day -- highest on record." Reference Link
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ZEN MNTV | Hot Stocks15:49 EST JANA Partners demands Zendesk board terminate proposed acquisition of Momentive - JANA Partners announced that it has sent a letter to the Zendesk (ZEN) Board of Directors calling on them to immediately terminate the proposed acquisition of Momentive (MNTV). Reference Link
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CVA BE | Hot Stocks15:49 EST EQT Infrastructure completes acquisition of Covanta - Covanta (CVA) announced the completion of its $5.3B acquisition by the EQT Infrastructure V fund and unveiled its strategy "to become the most sustainable provider of waste solutions." Covanta also announced the appointment of Azeez Mohammed as President and CEO. Mohammed most recently served as Executive Vice President at Bloom Energy (BE).
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LGVN | Hot Stocks15:27 EST Longeveron Inc (Class A Stock) trading resumes
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LGVN | Hot Stocks15:26 EST Longeveron announces Phase 2 Lomecel-B clinical trial in Japan - Longeveron announced that it has entered into a sponsored clinical research agreement with the National Center for Geriatrics and Gerontology and Juntendo University Hospital in Japan, to explore the safety and efficacy of Lomecel-B in older, frail Japanese subjects. "We are excited to embark on this collaboration with the NCGG, one of the top advanced and specialized medical research centers in Japan, and Juntendo University Hospital," said Geoff Green, Chief Executive Officer at Longeveron. "We believe our work could be especially impactful in Japan, which has one of the oldest and fastest aging populations in the world, and where early identification and intervention of frailty is a priority," continued Mr. Green. Lomecel-B has been evaluated in Phase 1 & 2 aging frailty clinical studies in the U.S. In addition, the U.S. Food and Drug Administration recently granted rare pediatric disease designation for Lomecel-B to treat Hypoplastic Left Heart Syndrome, a life-threatening heart condition in infants. A Phase 2 clinical trial is currently underway in babies with HLHS.
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IVC | Hot Stocks15:23 EST FDA posts warning letter sent to Invacare on November 18 - The FDA posted a warning letter, dated November 18, that was sent to Matthew Monaghan, CEO of Invacare Corporation. The letter states in part: "The United States Food and Drug Administration conducted an inspection of your firm's medical device operations at 1200 Taylor Street, One Invacare Way, and 39400 Taylor Parkway, from May 25, 2021 to June 24, 2021. During the inspection, FDA investigators determined that your firm is a manufacturer of a variety of Class II Oxygen Concentrators intended for patients with respiratory disorders requiring supplemental oxygen... This inspection revealed that these devices are adulterated... We received responses from July 16, 2021, August 31, 2021, September 30, 2021, and October 29, 2021 from Jason Fiest, Vice President Quality and Regulatory North America, concerning our investigators' observations... Please notify this office in writing within fifteen business days from the date you receive this letter of the specific steps your firm has taken to correct the noted violations." Reference Link
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LGVN | Hot Stocks15:17 EST Longeveron Inc (Class A Stock) trading halted, volatility trading pause
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DAL | Hot Stocks14:53 EST Delta says Sunday, Nov. 28, set 'new post-downturn record' - From Nov. 21-28, 3.6 million Delta customers traveled on 32,000 flights, Delta announced in a post to its corporate news hub. Sunday, Nov. 28, saw the highest volume with 534,000 passengers traveling on more than 2,700 flights, "setting a post-downturn record for a single day," Delta stated. Figures for the full holiday travel period of Nov. 19-30 are still pending and will be released as they become available. The Transportation Security Administration said overall volume from Nov. 19-28 reached 89% of pre-pandemic levels, with 20.9 million passengers screened, Delta noted. "That number reached more than 2.4 million on Sunday, Nov. 28, which TSA called a new high since the pandemic began," the company added. Reference Link
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MRK | Hot Stocks14:49 EST Merck raises dividend to 69c from 65c per share - Merck announced that the board of directors has declared a quarterly dividend of 69c per share of the company's common stock for the first quarter of 2022. Payment will be made on Jan. 7, 2022 to shareholders of record at the close of business on Dec. 15, 2021. Previously, Merck's board had declared a quarterly dividend of 65c per share of the company's common stock for the fourth quarter of 2021.
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OTMO AMZN | Hot Stocks14:46 EST Otonomo, Amazon Web Services collaborate over IoT FleetWise - Otonomo (OTMO) announced its plans for building on its Amazon Web Services (AMZN) Partner Network membership and existing integration with AWS Connected Mobility Solution by adding support for AWS IoT FleetWise, a new AWS service launching today. "Today's connected cars are already data centers on wheels, each generating GBs of data per hour," said Mike Tzamaloukas, GM IoT Automotive, AWS. "The collaboration between Otonomo and AWS Kaleidoscope will accelerate automakers and their partners capabilities to put this massive amount of data to use creating new and innovative solutions that will advance the entire mobility industry." AWS IoT FleetWise's advanced capabilities include the efficient collection and transfer of select automotive data to the cloud in near real-time from any vehicle. These capabilities, combined with AWS IoT FleetWise's intelligent filtering capabilities, will make it even easier for Otonomo to process and deliver the massive quantities of vehicle data it manages daily into AWS workloads. Otonomo expects the resulting, increased velocity to enable its customers to build the next-generation of connected car applications.
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ARDX | Hot Stocks14:26 EST Ardelyx announces plans to launch Ibsrela for IBS-C in Q2 of 2022 - Earlier, Ardelyx announced plans to launch Ibsrela, the company's approved treatment for irritable bowel syndrome with constipation, or IBS-C, in adults, in the second quarter of 2022. Mike Raab, president and CEO of Ardelyx, stated, "Over the last five years, the IBS-C market has grown to be sizeable and concentrated, with 9,000 high-writing physicians accounting for approximately 50% of the almost five million prescriptions written annually for drugs indicated for the treatment of IBS-C. This market is ripe for the entry of a novel therapeutic option like Ibsrela, as existing therapies do not adequately address all patient treatment needs. Our market research has clearly shown that treating physicians recognize the need for new therapeutic alternatives to address the unmet medical needs of patients currently managed for IBS-C. That same research demonstrates high interest in, and intent to prescribe, Ibsrela for a subset of patients. By capturing even a modest share, in the mid to high single-digit of this large market, Ibsrela has the potential to generate at least $500 million in peak annual net revenue. We will use the next few months to build commercial inventory and prepare the market for a second-quarter 2022 launch. We believe we have a clear line of sight to breakeven and ultimate profitability for the product, which we expect will create significant shareholder value... "As we work to bring IBSRELA to patients, we remain intent on pursuing approval of tenapanor for hyperphosphatemia through the formal dispute resolution process with the FDA, and as a commercial facing organization, if approved, we will be well-positioned to bring this novel therapy to patients."
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BAESY | Hot Stocks14:02 EST BAE Systems installs zero-emission propulsion system to Sea Change - BAE Systems said it successfully installed its zero-emission propulsion system in the first U.S. hydrogen fuel cell powered marine vessel, the Sea Change. BAE Systems provided its HybriGen Power and Propulsion solution to Zero Emission Industries for integration on the Sea Change vessel that will operate in the San Francisco Bay Area. The Sea Change project is funded and owned by SWITCH Maritime, an impact investment firm building the first fleet of zero-carbon, electric-drive maritime vessels for adoption by existing ship owners and operators. "We are committed to getting our customers to zero emissions with highly reliable and flexible systems that are proven on land and in the water," said Steve Trichka, vice president and general manager of Power & Propulsion Solutions at BAE Systems. "This historic milestone is the next step on that journey, as we provide San Francisco with an innovative solution that reduces emissions and creates a new clean form of daily transportation for hundreds of commuters." BAE Systems worked with the vessel's builder, All American Marine, and designer, Incat Crowther, after previously teaming with both companies on multiple projects. BAE Systems uses proven controls and components that have passed certification and inspection by the U.S. Coast Guard.
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AMZN... | Hot Stocks14:00 EST AWS announces AWS IoT TwinMaker - On Tuesday, at AWS re:Invent, Amazon Web Services, an Amazon.com (AMZN) company, announced AWS IoT TwinMaker, a new service that "makes it faster and easier for developers to create digital twins of real-world systems like buildings, factories, industrial equipment, and production lines," the company said. Digital twins are virtual representations of physical systems that are regularly updated with real-world data to mimic the structure, state, and behavior of the objects they represent. "AWS IoT TwinMaker makes it easy for developers to integrate data from multiple sources like equipment sensors, video cameras, and business applications, and combines that data to create a knowledge graph that models the real-world environment. With AWS IoT TwinMaker, many more customers can use digital twins to build applications that mirror real-world systems to improve operational efficiency and reduce downtime. There are no up-front commitments or fees to use AWS IoT TwinMaker, and customers only pay for the AWS services used," the company explained. Using AWS IoT TwinMaker, developers can quickly get started building digital twins of devices, equipment, and processes by connecting AWS IoT TwinMaker to data sources like equipment sensors, video feeds, and business applications. AWS IoT TwinMaker contains built-in connectors for AWS IoT SiteWise, Amazon Kinesis Video Streams, and Amazon S3 to make it easy to gather data from a variety of sources. AWS IoT TwinMaker automatically creates a knowledge graph that combines and understands the relationships of the connected data sources, so it can update the digital twin with real-time information from the system being modeled. Customers can import existing 3D models, directly into AWS IoT TwinMaker to easily create 3D visualizations of the physical systems and overlay the data from the knowledge graph on to the 3D visualizations to create the digital twin. Once the digital twin has been created, developers can use an AWS IoT TwinMaker plugin for Amazon Managed Grafana to create a web-based application that displays the digital twin on the devices plant operators and maintenance engineers use to monitor and inspect facilities and industrial systems. AWS IoT TwinMaker is available today in preview in U.S. East - N. Virginia, U.S. West - Oregon, Asia Pacific -Singapore, and Europe - Ireland, with availability in additional AWS Regions coming soon. Carrier (CARR), Siemens (SIEGY), and Accenture (ACN) are among customers and partners using AWS IoT TwinMaker.
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AMZN | Hot Stocks13:55 EST AWS says EC2 C7g instances powered by AWS-designed chips give up to 25% boost - At AWS re:Invent, Amazon Web Services, an Amazon.com company, announced three new Amazon Elastic Compute Cloud, or Amazon EC2, instances powered by AWS-designed chips that it said "help customers significantly improve the performance, cost, and energy efficiency of their workloads running on Amazon EC2." Amazon added: "New C7g instances powered by next-generation AWS Graviton3 processors deliver up to up to 25% better performance than current generation C6g instances powered by AWS Graviton2 processors. New Trn1 instances powered by AWS Trainium chips provide the best price performance and the fastest time to train most machine learning models in Amazon EC2. New storage-optimized Im4gn/Is4gen/I4i instances based on AWS-designed AWS Nitro SSDs, or solid-state drives, offer the best storage performance for I/O-intensive workloads running on Amazon EC2. Together, these instances herald the arrival of new Amazon EC2 instances based on AWS-designed chips that help customers power their most business-critical applications."
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AMZN | Hot Stocks13:51 EST Amazon Web Services announces AWS IoT FleetWise - Amazon Web Services announced AWS IoT FleetWise, a new service that makes it easier and more cost-effective for automakers to collect, transform, and transfer vehicle data to the cloud in near-real time. "With AWS IoT FleetWise, automakers can easily collect and organize data in any format present in their vehicles (regardless of make, model, or options) and standardize the data format for easy data analysis in the cloud," the company said. "AWS IoT FleetWise helps automakers efficiently transfer data to the cloud in near-real time using the service's intelligent filtering capabilities that allow developers to reduce network traffic by selecting the data to transfer and defining rules for when to transfer it based on parameters like weather conditions, location, or vehicle type. Once the data is in the cloud, automakers can use it for applications that remotely diagnose issues in individual vehicles, analyze vehicle fleet health to help prevent potential recalls or safety issues, or improve advanced technologies like autonomous driving and advanced driver assistance systems with analytics and machine learning. There are no upfront commitments or fees to use AWS IoT FleetWise, and customers only pay for the underlying services used."
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AMZN | Hot Stocks13:42 EST Amazon Web Services announces AWS Private 5G - At AWS re:Invent, Amazon Web Services, an Amazon.com company, announced AWS Private 5G, which it calls "a new managed service that helps enterprises set up and scale private 5G mobile networks in their facilities in days instead of months." The company said: "With just a few clicks in the AWS console, customers specify where they want to build a mobile network and the network capacity needed for their devices-and AWS delivers and maintains the small cell radio units, servers, 5G core and radio access network software, and subscriber identity modules required to set up a private 5G network and connect devices. AWS Private 5G automates the setup and deployment of the network and scales capacity on demand to support additional devices and increased network traffic. There are no upfront fees or per-device costs with AWS Private 5G, and customers only pay for the network capacity and throughput they request." Reference Link
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SINT | Hot Stocks13:26 EST Sintx says met with multiple companies at IAOCI to discuss possible partnerships - Sintx Technologies stated in a post to its corporate news website dated November 30: "In August 2021, Michael Marcroft, SINTX VP of Business Development, attended the International Academy of Ceramic Implantology, IAOCI, World Congress to better understand the latest trends and meet with prospective partners, within the ceramic dental implant industry. It was a fantastic three-day event which very much supported the idea that ceramic dental implants are a critical component of future dentistry. SINTX met with multiple exhibiting companies, to explore the potential for partnership in commercializing a silicon nitride dental implant system... Silicon nitride's properties, unique even among other ceramic implant materials, could be a potential game changer. We are excited to explore the possibilities with prospective dental implant partners and look forward to success within this critical medical specialty." Reference Link
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AMZN | Hot Stocks13:21 EST Amazon reports 'biggest kickoff to the holiday shopping season ever' - Amazon reported having "a record-breaking Black Friday and Cyber Monday," calling the period "Amazon's biggest kickoff to the holiday shopping season ever" and noting in a post to its corporate site that Home, Toys, and Apparel were among the top-selling categories from Black Friday through Cyber Monday. "Plus, more than half of sales from Black Friday through Cyber Monday were from independent selling partners, most of which are small and medium-sized businesses," the company stated. "We have delivered billions of packages to customers around the world so far this holiday season. Amazon delivered over 10 million items to alternative delivery locations in countries around the world this holiday season, such as an Amazon Locker or Counter location, including Amazon physical retail stores like Amazon 4-star and Amazon Books," Amazon added. Reference Link
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AMC SONY | Hot Stocks12:41 EST AMC Theatres, Sony choose WAX Blockchain for 'Spider-Man' NFT promotion - WAX Blockchain has been chosen by Sony Pictures (SONY) and AMC Theatres (AMC) for Sony Pictures' "Spider-Man: No Way Home" NFT Promotion, the first ever NFT promotion between a studio and a major theatrical exhibitor. "In addition to being eco-friendly, it was essential that the process for receiving the NFT was also consumer friendly," said Adam Aron, Chairman of the Board and CEO, AMC Theatres. "It's easy to use and already widely adopted WAX Cloud Wallet combined with no gas fees for minting, sending and receiving NFTs gave us confidence that everyone, including first time blockchain users, would be able to participate in the promotion."
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HON | Hot Stocks12:32 EST Honeywell completes business combination to form 'Quantinuum' - Honeywell announced that Honeywell Quantum Solutions, or HQS, and Cambridge Quantum received regulatory approval and completed the previously announced business combination. "The new company, named Quantinuum, is now the largest and most advanced full-stack quantum computing company. Through its impressive scale and proven technology leadership in quantum hardware, software and research and development, Quantinuum will shape the future of what is projected to become a $1 trillion industry over the coming decades," Honeywell said. Honeywell has been an investor in and commercial partner of Cambridge Quantum since 2019, and now owns a majority stake in Quantinuum. Additionally, Honeywell and Quantinuum have entered into a long-term agreement for Honeywell to help manufacture the critical ion traps needed to power Quantinuum's trapped-ion quantum hardware. "Honeywell's businesses will continue to serve as a proving ground for the new company's quantum offerings. There is no change to Honeywell's financial outlook as a result of the transaction," the company added.
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FLR | Hot Stocks12:21 EST Fluor announces $2.8B annual contract for Nuclear Production One joint venture - Fluor announced that the Department of Energy's National Nuclear Security Administration selected Nuclear Production One, a Fluor-led joint venture with Amentum, to lead the Y-12 National Security Complex and Pantex Plant Management and Operating contract. The contract includes a four-month transition period and a five-year base period with five, one-year options, for a total contract period of up to 10 years if all options are exercised. The estimated value of the contract is $2.8B annually.
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MDP... | Hot Stocks12:17 EST Meredith shareholders approve sale to Gray Television - Meredith Corporation (MDP) announced its pending $2.825B acquisition by Gray Television (GTN) received shareholder approval at a special shareholder meeting held earlier today. Immediately prior to the Gray acquisition close, Meredith will spin its digital, magazine, MNI, PEOPLE TV, and corporate operations out to its shareholders as a new company, Meredith Holdings Corp., that IAC's (IAC) Dotdash has agreed to acquire for $2.7B. Both transactions are expected to close on December 1, each subject to the satisfaction of the other terms and conditions of the applicable merger agreement and the completion of the spin-off of Meredith Holdings Corp.
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RLX | Hot Stocks12:00 EST RLX Technology falls -16.5% - RLX Technology is down -16.5%, or -83c to $4.24.
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BNED | Hot Stocks12:00 EST Barnes & Noble Education falls -20.0% - Barnes & Noble Education is down -20.0%, or -$1.78 to $7.10.
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LOCL | Hot Stocks12:00 EST Local Bounti falls -29.3% - Local Bounti is down -29.3%, or -$2.64 to $6.36.
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TZA | Hot Stocks12:00 EST Small Cap Bear 3x rises 7.3% - Small Cap Bear 3x is up 7.3%, or $2.05 to $30.29.
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SCO | Hot Stocks12:00 EST Scor ADR rises 8.1% - Scor ADR is up 8.1%, or $1.25 to $16.68.
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NVGS | Hot Stocks12:00 EST Navigator Holdings rises 8.2% - Navigator Holdings is up 8.2%, or 66c to $8.66.
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LNC | Hot Stocks11:49 EST Lincoln Financial appoints Jayson Bronchetti CIO, Chris Neczypor CSO - Lincoln Financial Group announced that Jayson Bronchetti has been named Chief Investment Officer, and Chris Neczypor has been named Chief Strategy Officer, both effective today. Bronchetti and Neczypor will both report to Ellen Cooper, who will be appointed President and CEO of Lincoln Financial following the 2022 Annual Meeting of Shareholders in May. Bronchetti succeeds Cooper as CIO and will continue to build on and execute the general and separate account investment strategy, overseeing more than $300B in assets. In the newly created Chief Strategy Officer role, Neczypor will lead Lincoln Financial's long-term enterprise strategic direction and approach to drive business growth to deliver value for shareholders and customers. This will include leading corporate development including mergers and acquisitions, enterprise-wide long-term strategic planning and competitive intelligence. Bronchetti and Neczypor each have more than 20 years of industry experience and will both join the company's Senior Management Committee, which drives the company's strategy, following Cooper's transition to President and CEO in May 2022. Bronchetti most recently served as head of Corporate Fixed Income for Lincoln Financial and is the president and chairman of Lincoln's mutual fund platform.
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NXTP | Hot Stocks11:47 EST NextPlay's NextFin receives conditional license approval for insurance offerings - NextPlay Technologies announced that its NextFin Division has received conditional approval of its general insurance and re-insurance license application from the Labuan Financial Services Authority, a growing jurisdiction of choice by insurers and insurance intermediaries around the world. The licensing enables NextPlay's fintech division to establish primary insurance operations, NextShield LTD, that looks to initially offer products in the form of block-chained parametric comprehensive travel insurance and bank deposit insurance. These products can be offered directly to businesses globally, as well as further enhance the offerings of NextPlay's other operating units, such as NextBank International, where it could help attract more sizeable deposits due to the licensed insurance coverage. The re-insurance license enables the company to establish re-insurance operations, NextShield Re, which can offer to investors tokenized fully compliant insurance-linked securities. The company is expected to begin selling insurance policies in 2022.
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NDAQ AMZN | Hot Stocks11:46 EST Nasdaq to begin migrating markets to AWS starting in 2022 - Nasdaq (NDAQ) and Amazon Web Services (AMZN) announced a multi-year partnership to build the next generation of cloud-enabled infrastructure for the world's capital markets. Beginning in 2022, Nasdaq plans to migrate its North American markets to AWS in a phased approach, starting with Nasdaq MRX, a U.S. options market. Nasdaq will use a new edge computing solution that is co-designed by Nasdaq and AWS and specifically developed for market infrastructure. This solution may also be used by other market infrastructure operators and market participants to move their trading systems to the cloud. In addition, the partnership will include opportunities to explore new ways to leverage AWS's cloud capabilities across Nasdaq's anti-financial crime, data and analytics, and market infrastructure software solutions.
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BX | Hot Stocks11:39 EST Cabot Properties sells logistics portfolio to Blackstone for $2.8B - Blackstone and Cabot Properties announced that two vehicles affiliated with Blackstone Real Estate have acquired $2.8 billion of institutional-quality logistics assets in two separate transactions. Blackstone Real Estate Income Trust acquired the U.S. portfolio, which comprises 102 properties totaling 15.2 million square feet located in many of the strongest logistics markets including the Inland Empire, California; Eastern Pennsylvania; South Florida; and the New York Metropolitan Area. In a separate transaction, Blackstone's European Core+ business and its affiliates acquired the remaining European properties. These assets comprise 22 properties totaling 2.2 million square feet of prime industrial space across Europe's most in-demand markets including the Midlands, North West and South East in the U.K.; Amsterdam in the Netherlands; and Dusseldorf in Germany.
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OSBC | Hot Stocks11:28 EST Old Second Bancorp, West Surburban announce shareholder approval of merger - Old Second Bancorp and West Suburban Bancorp jointly announced that each has received shareholder approval for the merger of West Suburban into Old Second in a cash and stock transaction. The merger, which was announced on July 25, 2021, is expected to close on December 1, 2021, subject to satisfaction of customary closing conditions. The combined company, on a pro forma basis using September 30, 2021 financial information, will have approximately $6.2 billion in assets, $5.3 billion in deposits and $3.4 billion in loans, and will be one of the largest community banks under $10 billion in assets in the Chicago market.
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ENVI | Hot Stocks10:57 EST GreenLight Biosciences partners with IAVI for COVID-19 trial in Africa - GreenLight Biosciences has partnered with the non-profit scientific research organization IAVI to work together on a Phase I clinical trial in Africa. IAVI and its partners were among the first to conduct HIV vaccine clinical trials in Africa, and since then, IAVI has sponsored more than 60 vaccine and biologics clinical trials in 13 countries. IAVI has built partnerships with centers of excellence for clinical research in five sub-Saharan African countries, and is developing vaccines and biologics against HIV, COVID-19, tuberculosis, Lassa fever, snakebite, and other diseases. This partnership will help advance GreenLight's mRNA COVID-19 vaccine candidate. More vaccines to prevent COVID-19, especially those suitable for use in low-income countries, will be an ongoing global health need. GreenLight will provide its vaccine candidate for the trial and will make preparations for large-scale manufacturing of the vaccine. IAVI's experience in running clinical studies, planned for late Q1 2022, will ensure that the trial meets regulatory standards. IAVI will also be responsible for overall clinical trial management. This partnership aims to accelerate the timeline for manufacturing and deployment of GreenLight's COVID-19 vaccine candidate to Africa and potentially for export from Africa. The trial is expected to start once research sites and clinical research partners in Africa have been finalized, and after ethical and regulatory approvals. This clinical trial will harness capabilities and expertise in Africa, and builds on long-standing efforts to nurture this capacity by a variety of collaborative research organizations and global health funders. By engaging African clinical investigators and communities affected by COVID-19 early in clinical development, GreenLight and IAVI aim to ensure that the vaccine candidate will be suitable and effective for African populations. Moreover, enlisting African research partners in vaccine development will further strengthen capacity on the continent to address emerging infectious disease threats beyond COVID-19.
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CMCSA DIS | Hot Stocks10:32 EST Comcast, Disney announce content carriage agreement - Comcast (CMCSA) and The Walt Disney Company (DIS) announced the companies have renewed their content carriage agreement and will continue to make Disney's lineup of sports, news, kids, family and general entertainment programming available to Xfinity TV customers. The multi-year agreement encompasses continued distribution of Disney's cable channels, including the ESPN networks, the Disney branded channels, Freeform, the FX networks, and the National Geographic channels. The renewal also includes continued distribution of the SEC Network, now in its eighth season, as well as retransmission consent for the ABC Owned Television Stations in New York, Chicago, Philadelphia, San Francisco, Houston, Raleigh-Durham and Fresno. Additionally, Comcast will distribute the ACC Network to its Xfinity customers, "allowing fans and followers of the Atlantic Coast Conference to access the multiplatform network in the coming weeks," the companies said.
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PRO | Hot Stocks10:32 EST Pros acquires EveryMundo for $80M in cash, up to $10M in stock - Pros Holdings announced the acquisition of EveryMundo for $80M in cash at closing and approximately $10M in stock in the future, subject to certain conditions. EveryMundo "is a digital offer marketing pioneer that enables brands to broaden their digital reach and deepen customer engagement, pulling them in to direct selling motions to create superior brand experiences and foster loyalty over time," Pros said in a statement. "With EveryMundo, our collective portfolio gives brands much greater control over direct and indirect channels they participate in to consistently deliver superior brand experiences that exceed customers' expectations every time, regardless of channel," added Pros CEO Andres Reiner.
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COIN | Hot Stocks10:21 EST Coinbase to acquire cryptographic security company Unbound Security - In a company blog post, Coinbase announced the acquisition of Unbound Security. The company said, Based in Israel, it is a pioneer in a number of cryptographic security technologies, including the emerging field of secure multi-party computation, a highly advanced technology for which Unbound Security's co-founder, Yehuda Lindell, is a world leader. With this acquisition, Coinbase not only gains access to some of the world's most sophisticated cryptographic security experts, including Unbound Security co-founder and current Vice President of Research and Development, Guy Peer, who brings more than 20 years of experience in cryptographic security, but also a presence in Israel, a well-established and rapidly growing technology hub. This presence in Israel will add an additional powerful prong to Coinbase's global talent acquisition strategy, following on closely to recent thrusts into engineering talent bases such as India, Singapore and Brazil. Crypto can't grow without strong cryptography and strong security, but it also needs to be user friendly. Secure multi-party computation is an application of advanced mathematics to enable crypto assets to be stored, transferred and deployed more securely, easily and flexibly than ever before...In addition to the technological expertise that we will gain through this acquisition, we also plan to establish a tech center of excellence in Israel that will ensure that Coinbase is always at the bleeding edge of security and blockchain technology. We've long recognized Israel as a hot bed of strong technology and cryptography talent, and are excited to continue to grow our team with some of the best and brightest minds in these fields. The Unbound Security team will form the nucleus of this new research facility, which we plan to grow over time. We're always proud to welcome top talent to Coinbase and the Unbound Security team represents the very best expertise in its field. We look forward to working with them over time to move the entire state of cryptographic security forward and to continue delivering the highest levels of security to our customers. Please join us in welcoming the team to Coinbase. This acquisition is subject to customary closing conditions and is expected to close in the coming months." Reference Link
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SHOP | Hot Stocks10:18 EST Shopify says merchants' Black Friday/ Cyber Monday sales up 23% to $6.3B - Shopify announced a "record-setting" Black Friday / Cyber Monday weekend with sales of $6.3B globally from the start of Black Friday in New Zealand through the end of Cyber Monday in California. This is a 23% increase in sales from the more than $5.1B reported for Shopify's 2020 Black Friday / Cyber Monday weekend, and more than double its merchants' sales from the same holiday shopping weekend in 2019, the company announced earlier. "We call Black Friday / Cyber Monday the Super Bowl of commerce, and this year's was the biggest yet. These record sales showcase the monumental impact that independent businesses have on the global economy. We're watching these entrepreneurs evolve in real time, embracing selling strategies across every sales channel you can think of and showing up wherever their customers want to shop. This is the future of commerce, and it's incredible to see our merchants around the world leading the revolution," said Harley Finkelstein, President of Shopify.
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T | Hot Stocks10:07 EST AT&T Communications' CEO sees no downward pressure on ARPU - "Given the amount of international roaming revenue that was once in our ARPU [or Average Revenue Per User] and that hasn't fully recovered yet gives me a higher degree of confidence that after all the scale, all the volume that we have put through the program... we are at scale and I don't anticipate any additionally dilution on ARPU. I actually see upside on ARPU as roaming revenues will certainly at some point be a little more fully recovered to pre-pandemic levels. And that might take an extra quarter or two. But we do expect to recover at some point in the future... I don't see any downward pressure on ARPU; I would call that to be stable in 2022 and going forward," AT&T Communications' CEO Jeff McElfresh said at the Wells Fargo TMT Summit 2021.
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EZFL | Hot Stocks10:06 EST EzFill enters fleet fueling agreement with SERVPRO of North Miami - EzFill Holdings announced the signing of a new fleet agreement with SERVPRO of North Miami. Terms of the agreement were not disclosed. EzFill will provide daily scheduled fueling to the SERVPRO fleet in North Miami, with plans to expand and service fleets in additional markets in the near future.
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TFC | Hot Stocks10:05 EST Sheffield enters retail financing program agreement with American Honda - sheffield Financial, a division of Truist Bank, Member FDIC, and American Honda Motor Co. recently agreed to renew a multiyear financing services program agreement, effective immediately. Honda Power Equipment, a business unit of American Honda Motor Co. Inc., markets outdoor power products including generators, lawn mowers, pumps, snow blowers, tillers and trimmers. Honda Marine operates under the American Honda Motor Co. Inc. umbrella marketing a wide array of four-stroke, outboard marine engines. The agreement allows Sheffield to provide lending services to Honda Power Equipment and Honda Marine customers through their respective dealer networks. The contract covers installment financing for Honda marine engines, boat packages that include Honda engines, Honda generators, lawn mowers, pumps, snow blowers, tillers and trimmers.
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IZEA | Hot Stocks10:02 EST Izea awarded six figure contract expansion by online education services provider - IZEA Worldwide announced today that it has been awarded a six figure contract expansion by a leading provider of online educational services. IZEA creators will be producing long form content for the brand to increase online awareness and drive traffic. The company has more than doubled its annual commitment with IZEA over the past year.
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MFGP | Hot Stocks10:00 EST Micro Focus falls -7.2% - Micro Focus is down -7.2%, or -36c to $4.64.
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RLX | Hot Stocks10:00 EST RLX Technology falls -10.5% - RLX Technology is down -10.5%, or -53c to $4.54.
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BNED | Hot Stocks10:00 EST Barnes & Noble Education falls -11.7% - Barnes & Noble Education is down -11.7%, or -$1.04 to $7.84.
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GFI | Hot Stocks10:00 EST Gold Fields rises 6.0% - Gold Fields is up 6.0%, or 66c to $11.58.
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AU | Hot Stocks10:00 EST AngloGold Ashanti rises 6.3% - AngloGold Ashanti is up 6.3%, or $1.27 to $21.42.
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TUYA | Hot Stocks10:00 EST Tuya rises 6.3% - Tuya is up 6.3%, or 34c to $5.77.
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AERC | Hot Stocks09:59 EST AERC Stock trading resumes
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INTC | Hot Stocks09:57 EST Intel CEO says believes five-year guidance achievable or 'wouldn't have said it' - Intel CEO Patrick Gelsinger said while speaking at the Credit Suisse Technology, Media and Telecom conference that as he "said on the last earnings call, Intel 7, Intel 4, Intel 3, Intel 20A and Intel 18A [are] on or ahead of schedule." At the last earnings call, "we chose to proactively come out to The Street and say, 'Here's the financial model that's consistent with that strategic model that we laid out.' We didn't have to come out that aggressively... We have this extraordinary set of assets. We've laid out a strategy going into the future that builds on those assets. And hey, we're not to increase the value of this company, but dramatically increase the value of this company as we look forward. It's going to take some investment, but pretty clear-minded view of the strategy and execution to get there," Gelsinger said, according to a transcript of the event. "And if you look at the 10% to 12%, obviously, it's the -- we gave out a 5-year guidance. So it's in the back end of the 5 years that we expect to start seeing those numbers... And when we put out a number like that, hey, I'm going to drive the team to be significantly better than that number as well. We're not arbitrarily putting it out. We built a 5-year plan. We believe it's achievable or I wouldn't have said it."
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T TMUS | Hot Stocks09:56 EST AT&T Communications' CEO expects activity level for postpaid to subside in 2022 - "The stimulus programs have put some extra cash in household budgets. We're not expecting that level of activity to continue into 2022 and beyond. In a three-player market with the integration between Sprint and T-Mobile [TMUS], we suspect the activity level for postpaid in 2022 is probably going to subside. We're not forecasting it to be as strong as it was this year. But we are expecting to take more than our fair share, more than our market share in terms of that growth opportunity in the wireless business over the next 2-3 years... There are pockets of growth for us to continue to pursue," AT&T Communications' (T) CEO Jeff McElfresh said at the Wells Fargo TMT Summit 2021.
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AERC | Hot Stocks09:54 EST AERC Stock trading halted, volatility trading pause
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PPSI | Hot Stocks09:52 EST Pioneer Power trading resumes
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ADGI | Hot Stocks09:51 EST Adagio Therapeutics Inc trading resumes
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PPSI | Hot Stocks09:47 EST Pioneer Power trading halted, volatility trading pause
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JKS | Hot Stocks09:47 EST JinkoSolar falls -7.6% - JinkoSolar is down -7.6%, or -$4.24 to $51.75.
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RLX | Hot Stocks09:47 EST RLX Technology falls -10.5% - RLX Technology is down -10.5%, or -53c to $4.54.
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BNED | Hot Stocks09:47 EST Barnes & Noble Education falls -21.6% - Barnes & Noble Education is down -21.6%, or -$1.92 to $6.96.
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TUYA | Hot Stocks09:47 EST Tuya rises 5.3% - Tuya is up 5.3%, or 29c to $5.72.
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AU | Hot Stocks09:47 EST AngloGold Ashanti rises 6.1% - AngloGold Ashanti is up 6.1%, or $1.22 to $21.37.
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GFI | Hot Stocks09:47 EST Gold Fields rises 6.2% - Gold Fields is up 6.2%, or 68c to $11.60.
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ADGI | Hot Stocks09:46 EST Adagio Therapeutics Inc trading halted, volatility trading pause
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OLMA | Hot Stocks09:43 EST Olema Pharmaceuticals trading resumes
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NVCN | Hot Stocks09:41 EST Neovasc Reducer System receives national reimbursement in France - Neovasc announced that the Neovasc Reducer system has been granted Prise en Charge Transitoire reimbursement in France by the national health authority, Haute Autorite de Sante. The decision will be officialized upon publication in the French Journal Officiel.
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NTP | Hot Stocks09:40 EST IsZo says all six nominees elected to Nam Tai Property board - IsZo Capital Management, which beneficially owns approximately 15.2% of the outstanding shares of Nam Tai Property, commented on the preliminary results of the Company's meeting of shareholders held earlier today. Preliminary voting results provided by IsZo's proxy solicitor indicate that shareholders have elected its entire six-member slate to Nam Tai's Board of Directors. In addition to incumbent directors Peter R. Kellogg and Mark Waslen, Nam Tai's reconstituted Board will include Michael Cricenti, Cindy Chen Delano, Bo Hu, Leung Lin Cheong Louis, Paula J. Poskon and Jeffrey Tuder. Brian Sheehy, Founder and Managing Member of IsZo, commented: "After spending the past 18 months fighting entrenchment maneuvers and navigating protracted litigation, we are very pleased that Nam Tai's shareholders finally had their voices heard at today's Special Meeting. Preliminary results indicate that holders of nearly 60% of Nam Tai's outstanding shares, including more than 94% of holders unaffiliated with Kaisa Group Holdings Ltd., voted to remove a majority of the incumbent directors and elect six new highly-qualified and independent individuals to the Company's Board. We firmly believe that reconstituting a majority of the Board with our slate positions Nam Tai to enhance its corporate governance, establish a credible capital allocation policy and take steps to unlock the significant value within its real estate portfolio. We also want to take this opportunity to thank our fellow shareholders for their overwhelming support during what was a challenging and lengthy campaign for sorely-needed boardroom change. Today should mark the beginning of a promising new chapter for Nam Tai and all of its stakeholders, including the local communities the Company operates within across mainland China."
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GE SOPH | Hot Stocks09:38 EST GE Healthcare announces collaborations to improve cancer care - GE Healthcare announced collaborations with SOPHiA GENETICS (SOPH), The University of Cambridge and Optellum as part of its vision to advance care, make precision health more accessible, and ultimately improve outcomes for cancer patients. These alliances are intended to help GE Healthcare support integrated health systems at the local level by providing the technology to deploy software across imaging networks and helping to make the newest innovations accessible across the broader population. It is hoped this will enable local oncologists and medical experts to deliver earlier diagnoses and more accurate treatments - a crucial component in achieving positive health outcomes with cancer patients. SOPHiA GENETICS and GE Healthcare will be collaborating on opportunities in the healthcare market, including various initiatives and projects in the fields of digital oncology and radiogenomic analysis. The companies will initially work together on the creation of infrastructure to integrate data between GE's Edison platform and the SOPHiA DDM platform, as well as co-marketing and pilot site recruitment across oncology and radiogenomics. The companies will be deploying GE Healthcare's extensive medical imaging and monitoring capabilities and Edison platform-enabled data aggregation with the SOPHiA DDM(TM) cloud-based software-as-a-service analytics genomic insights platform and related solutions, which are available in more than 750 hospitals, laboratories and biopharma companies. The University of Cambridge, Cambridge University Hospitals and GE Healthcare have agreed to collaborate on developing an application aiming to improve cancer care, with Cambridge providing clinical expertise and data to support GE Healthcare's development and evaluation of an AI-enhanced application that integrates cancer patient data from multiple sources into a single interface. Building on research supported by The Mark Foundation for Cancer Research and Cancer Research UK, the collaboration aims to address the problems of fragmented or siloed data and disconnected patient information, which is challenging for clinicians to manage effectively and can prevent cancer patients receiving optimal treatment. UK-based company Optellum is a leader in AI- decision support for the early diagnosis and optimal treatment of lung cancer. Together, the companies are seeking to address one of the largest challenges in the diagnosis of lung cancer, helping providers to determine the malignancy of a lung nodule: a suspicious lesion that may be benign or cancerous. The majority of incidentally detected pulmonary nodules present an indeterminate cancer risk, which are incredibly challenging for clinicians to diagnose and manage, leading to delayed treatment for cancer patients and invasive procedures on healthy people.
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NSYS | Hot Stocks09:34 EST Nortech Systems anounces $6.1M PPP loan forgiveness - Nortech Systems provided an update related to the status of its Paycheck Protection Program, or PPP, loan forgiveness application with the U.S. Small Business Administration, or SBA. As previously announced, on April 21, 2020, the company executed a promissory note to Bank of America National Association, as lender, in the aggregate principal amount of $6.1M under the PPP. The PPP was established under the Coronavirus Aid, Relief, and Economic Security Act and is administered by the SBA. The Company submitted its PPP loan forgiveness application to the SBA through BOA. On November 29, the company received notification through BOA that the PPP loan and accrued interest has been fully forgiven by the SBA and the forgiveness payment date was November 3. The financial impact of PPP loan forgiveness will be reflected in the company's results for Q4 ending December 31, 2021.
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OLMA | Hot Stocks09:33 EST Olema Pharmaceuticals trading halted, volatility trading pause
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BYD... | Hot Stocks09:33 EST Nevada reports October statewide gaming win up 48.54% to $1.22B - Nevada reports October Las Vegas Strip gaming win up 86.88% compared to 2020 to $702.19M. Publicly traded companies in the casino and gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (PDYPY), Gan Limited (GAN), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN), William Hill (WIMHY) and Wynn Resorts (WYNN).
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TYL | Hot Stocks09:27 EST Tyler broadens digital government and payments services pact with Utah - Tyler Technologies announced that the state of Utah has signed a multi-year contract extension for Tyler's digital government and payments services. The two-year agreement expands upon the existing 22-year relationship with Tyler's subsidiary, NIC. "For 22 years, we have worked closely with state and local government entities across Utah to provide constantly-evolving and award-winning digital government and payment services that drive innovation, convenience and adoption," said Elizabeth Proudfit, president of Tyler's NIC Division. "We could not be more pleased to continue that critical work in 2022 and beyond as we expand technology's role in government." NIC Utah designed, hosts, and manages the state's official website, Utah.gov, in partnership with the state and is a trusted partner to 56 Utah government entities delivering online services and information. In 2020 alone, NIC Utah securely processed nearly 57 million online transactions and more than $400 million on behalf of its Utah government partners. Also in 2020 in response to the pandemic, NIC Utah deployed a chatbot to provide rapid responses to questions and concerns about COVID-19.
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MDB AMZN | Hot Stocks09:24 EST MongoDB to use its Atlas in AWS Marketplace in Q1 of FY22 - MongoDB (MDB) announced plans to use MongoDB Atlas in AWS Marketplace in calendar Q1 2022. With the launch of a pay-as-you-go MongoDB Atlas with Free Trial in AWS Marketplace, developers will have a simplified subscription experience, and enterprises will have another way to procure MongoDB in addition to privately negotiated offers already supported on AWS Marketplace. AWS Marketplace is an Amazon (AMZN) business.
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BHTG CCL | Hot Stocks09:23 EST BioHiTech Global receives $1.5M in new orders from Carnival - BioHiTech Global (BHTG) announces that it has received approximately $1.5M in new Digester and maintenance, parts, and services orders from Carnival (CCL). These Carnival orders represent their continued commitment to sustainability and to supporting their Digester implementations with ongoing BioHiTech support services.
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TWTR | Hot Stocks09:20 EST Twitter expands private information policy to include media - Twitter Safety stated in a blog post: "As part of our ongoing efforts to build tools with privacy and security at the core, we're updating our existing private information policy and expanding its scope to include 'private media.' Under our existing policy, publishing other people's private information, such as phone numbers, addresses, and IDs, is already not allowed on Twitter. This includes threatening to expose private information or incentivizing others to do so... While our existing policies and Twitter Rules cover explicit instances of abusive behavior, this update will allow us to take action on media that is shared without any explicit abusive content, provided it's posted without the consent of the person depicted. This is a part of our ongoing work to align our safety policies with human rights standards, and it will be enforced globally starting today." Reference Link
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MTTR ADSK | Hot Stocks09:18 EST Matterport launches Matterport BIM file, Autodesk Revit plugin - Matterport (MTTR) introduced Matterport BIM file, a new add-on service that "dramatically decreases the time and costs of Building Information Modeling, BIM, for the Architecture, Engineering, and Construction, AEC, industry," the company said.. Now included with a Matterport subscription, customers can transform a Matterport digital twin captured by a compatible 3D camera into a ready-to-use BIM file. In addition, Matterport announced a new Plugin for Autodesk (ADSK) Revit customers. Now, architects, designers, and building engineers can immediately upload the Matterport BIM file into Revit and start creating and managing information on a construction or design project across its different stages. "We've been working with Autodesk on our Revit Plugin and collaborated with some of the largest, most recognized firms on the Matterport BIM file offering. With the launch of these two AEC solutions, we are excited to deliver the fastest and most convenient path from a Matterport 3D scan to a BIM file in just days with the click of a button," said Preethy Vaidyanathan, Vice President of Product at Matterport. "Matterport BIM file not only offers breakthrough ROI for our AEC customers, it serves as a single source of truth for designing, building and managing properties."
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ME | Hot Stocks09:16 EST 23andMe appoints Joseph Arron as CSO - 23andMe Holding announced the appointment of Joseph R. Arron, M.D., Ph.D., as the company's new Chief Scientific Officer. In this role, Dr. Arron will determine and prioritize 23andMe's therapeutic programs and indications, including drug discovery and target validation efforts, and build out a pipeline that yields clinical stage programs. Dr. Arron will report to Kenneth Hillan, Head of Therapeutics at 23andMe. In addition to prioritizing 23andMe's drug discovery pipeline, Dr. Arron is charged with leading the company's scientific teams across multiple therapeutic areas, including immuno-oncology, immunology, respiratory, and cardiovascular disease, among others. Dr. Arron will lead 23andMe's therapeutics discovery strategy from early discovery to the IND-enabling studies stage. Dr. Arron previously served as Vice President and Senior Fellow, Immunology Research at Genentech.
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OP DSX | Hot Stocks09:15 EST OceanPal announces commencement of trading on Nasdaq Capital Market - OceanPal announced that it has completed its spin-off from Diana Shipping (DSX), effective November 29, 2021. The Company's shares will commence trading as of today, November 30, 2021, on the Nasdaq Capital Market under the ticker symbol "OP".
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DCT | Hot Stocks09:14 EST Duck Creek Technologies selected by Arbella Insurance Group for SaaS solutions - Duck Creek Technologies announced that Arbella Insurance Group, a North American underwriter of personal and commercial lines insurance products and longtime Duck Creek AgencyPortal customer, has selected Duck Creek Rating, Policy, Billing, Claims, Insights, Producer, and Distribution Management to streamline its personal lines operations. "This commitment represents a major digital transformation move for Arbella and is yet another sign that insurers worldwide are adopting SaaS solutions for the most critical functions of their organizations," said Michael Jackowski, CEO of Duck Creek Technologies. "Duck Creek OnDemand will let Arbella continue to focus on its customers, agents, and products, while we take care of day-to-day IT operations and application upgrades behind the scenes. We are thrilled to expand our relationship with Arbella and look forward to continuing to help them grow."
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SITM | Hot Stocks09:13 EST SiTime joins S&P MidCap 400 Index - SiTime Corporation welcomed the company's addition to the S&P MidCap 400 Index, effective Tuesday, November 30, 2021.
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CRXT | Hot Stocks09:12 EST Clarus Therapeutics announces issuance of two patents for JATENZO - Clarus Therapeutics announced that the United States Patent and Trademark Office has issued two new patents for claims that cover Clarus' oral testosterone replacement product, JATENZO. Patent No. 11,179,403 entitled "Oral Testosterone Ester Formulations and Methods of Treating Testosterone Deficiency Comprising Same" and patent No. 11,179,402 entitled "Pharmaceutical Delivery Systems for Hydrophobic Drugs and Compositions Comprising Same" both cover Clarus' approved product JATENZO. The new patents will expire in 2030 and 2026, respectively.
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CMTL | Hot Stocks09:12 EST Comtech awarded 5G deal with Canadian tier-one carrier in Q122 - Comtech Telecommunications announced that during its first quarter of fiscal 2022, it was awarded a contract to provide Gateway Mobile Location Center and Location Management Function solutions which enable new positioning technologies for a Canadian tier-one mobile network operator's 5G network. "5G is the next generation of telecom infrastructure," said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. "Comtech's 5G innovations will bring more and faster services to this Canadian carrier. We are proud to be at the forefront of this pioneering technology."
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CMTL | Hot Stocks09:11 EST Comtech awarded 5G deal with Canadian tier-one carrier in Q122 - Comtech Telecommunications announced that during its first quarter of fiscal 2022, it was awarded a contract to provide Gateway Mobile Location Center and Location Management Function solutions which enable new positioning technologies for a Canadian tier-one mobile network operator's 5G network. "5G is the next generation of telecom infrastructure," said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. "Comtech's 5G innovations will bring more and faster services to this Canadian carrier. We are proud to be at the forefront of this pioneering technology."
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BRQS | Hot Stocks09:11 EST Borqs Technologies received $15M of purchase orders from US company - Borqs Technologies announced that the Company's wholly owned subsidiary, Borqs Hong Kong Limited, has received $15M of purchase orders, at 50% larger than previously forecasted in June, from a reputable U.S. Fortune 500 Company to supply multiple models of enterprise Android based handheld computer products for the U.S., EU and Asian markets. The Company has already begun volume mass production on various models of the handheld computer products and has shipped about 10% of the orders. Subjected to the pending availability of components, may deliver up to 20% of the order by year end 2021, with the bulk to be completed by 1st half of 2022.
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SUMO | Hot Stocks09:11 EST Sumo Logic announces four AWS Quick Start integrations - Sumo Logic announced four new Sumo Logic AWS Quick Start integrations for rapid access to security and compliance insights and support for Amazon Inspector. Aligned with the AWS Security Reference Architecture, the Quick Start integrations automate the collection and analysis of security events. With these new integrations and insights, Sumo Logic customers can securely embark on a cloud migration and adoption journey by leveraging an automated, repeatable, intelligence framework to accelerate discovery and response to security threats.
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SUMO | Hot Stocks09:10 EST Sumo Logic announces expanded tracing visibility into AWS Lambda - Sumo Logic announced that expanded tracing visibility into AWS Lambda functions is now available. Powered by AWS CloudWatch, AWS CloudTrail and OpenTelemetry, Sumo Logic now leverages AWS Lambda telemetry: logs, metrics and traces required to provide full end-to-end application visibility. Now certified as an AWS Lambda Ready Partner, Sumo Logic delivers unified observability to customers building and operating Lambda functions, providing unique views into resource utilization and application stack performance for the best possible end-user experience. In addition to telemetry, Sumo Logic analyzes how functions perform during transactions and correlates that performance to the wide range of AWS services in a customer application.
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CLSK | Hot Stocks09:10 EST CleanSpark unveils new brand identity, including new logo and website - CleanSpark unveiled a new logo, including a new wordmark and icon, and a new website. The new brand identity reflects the Company's strategic focus on sustainable bitcoin mining using the Company's background in energy technology. "As CleanSpark continues to expand capacity across its portfolio of mining facilities, the unique advantages of having a background in energy technology and management is becoming increasingly valuable: CleanSpark is developing some of the most efficient mining operations in the industry," the company said. "Mining Bitcoin has become an increasingly important business segment for CleanSpark. We leverage our deep energy background to make our operation sustainable, which is important given how energy-intensive this industry is-so we wanted our updated brand to reflect that," said Matthew Schultz, CleanSpark's executive chairman. "I'm very proud of our in-house design team, who did a spectacular job of understanding and then depicting what we stand for."
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MRCY | Hot Stocks09:08 EST Mercury Systems announces Model 5503 Sensor Open Systems Architecture - Mercury Systems announced the Model 5503 Sensor Open Systems Architecture aligned high-speed 3U VPX synchronizer module. The Model 5503 is an optimized commercial-off-the-shelf solution that simplifies complex synchronization tasks for beamforming and phased-array applications used in radar, electronic warfare, and communications, maximizing reception and transmission of signals and reducing development costs and design time. The module can synchronize up to 32 channels across four RF system-on-chip Quartz modules, satisfying the growing need for synchronization in multi-element systems with high channel counts.
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RNWK | Hot Stocks09:08 EST RealNetworks' SAFR facial recognition technology selected for FACEma system - SAFR from RealNetworks was selected as the facial recognition technology provider for a new biometric access control system in use at Japanese construction sites. Developed by Nextware corporation in conjunction with Kids-Way corporation, the new FACEma access control and health management system enables construction site workers to automatically register their attendance and departure while also checking body temperatures for fever symptoms. Automated access control is being promoted at construction sites to reduce operational costs and human errors while protecting the health and safety of workers. Attendance and departure management in collaboration with health management is a key component of advancing the digital transformation of the Japanese construction industry. At the behest of the Japanese Ministry of Land, the FACEma access control system utilizes the existing CCUS central database which contains worker qualifications, insurance enrollments and onsite working history records.
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CMTL | Hot Stocks09:07 EST Comtech awarded $3.5M in delivery orders for cyber training - Comtech announced that during it was awarded $3.5M for delivery orders under the five-year Indefinite Delivery Indefinite Quantity, or IDIQ, contract renewal from the Federal Government for the Joint Cyber Analysis Course Training solutions. The IDIQ contract, which is valued at $125M, has been funded $4.9M to date.
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PRO | Hot Stocks09:07 EST Pros Holdings digital marketing firm EveryMundo for $80M in cash at closing - Pros Holdings announced the acquisition of EveryMundo, a privately held company based in Miami, Florida. PROS will pay $80M in cash at closing, subject to certain customary adjustments, and deliver approximately $10m in stock in the future, subject to certain conditions. "EveryMundo is a digital offer marketing pioneer that enables brands to broaden their digital reach and deepen customer engagement, pulling them in to direct selling motions to create superior brand experiences and foster loyalty over time," said the press release statement. "We are thrilled to welcome the EveryMundo team to the PROS family," said PROS President and Chief Executive Officer Andres Reiner. "Brands have no choice but to be present everywhere their customer and prospects find themselves but winning in today and tomorrow's market will require brands to earn more direct engagement and deliver the experiences their customers value most. With EveryMundo, our collective portfolio gives brands much greater control over direct and indirect channels they participate in to consistently deliver superior brand experiences that exceed customers' expectations every time, regardless of channel."
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SNY | Hot Stocks09:07 EST Sanofi to offer all employees worldwide 14 weeks paid parental leave - In its continuing efforts to support gender equity in the workplace, Sanofi is offering all employees worldwide 14 weeks of paid parental leave starting January 1, 2022. This enhanced paid leave will cover all permanent employees who are welcoming a new child or whose partner is welcoming a new child, through childbirth, adoption, surrogacy, or due to custody. Employees will continue to receive their base salary for the 14-week leave period. This benefit is designed to support families by giving parents dedicated time to prepare for and welcome their new child. Sanofi's new global framework will provide a minimum benefit of paid parental leave so that all employees worldwide receive at least the same amount of paid time off. The new framework will not change or decrease existing benefits in countries that already offer more than 14 weeks of paid parental leave. For Sanofi employees in the United States, this means parental paid time off is increasing from 8 to 14 weeks.
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PACB | Hot Stocks09:07 EST Pacific Biosciences appoints Jason Kang as VP, GM for Asia-Pacific region - PacBio welcomes Jason Kang as Vice President and General Manager for the company's Asia-Pacific region. Jason will be responsible for leading and developing PacBio's commercial team in Asia-Pacific as the company continues to expand its reach in the region to support rapidly growing demand for HiFi sequencing. Kang brings more than 25 years of global experience in the genomics industry to PacBio, having led Illumina's Korean commercial operations for six years before launching Helixrus, which specializes in distributing large scale populational genomics and clinical sequencing software solutions in single-cell RNA and rare diseases.
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XSPA DNA | Hot Stocks09:05 EST XpresSpa, Ginkgo Bioworks expand COVID-19 variant surveillance program - XpresSpa Group (XSPA) announced through a joint effort with the Centers for Disease Control and Prevention and Ginkgo Bioworks (DNA), the expansion of its current COVID-19 variant surveillance program to detect the new Omicron variant through its XpresCheck subsidiary. On Saturday, November 27, the White House announced new travel restrictions applicable to eight African countries in response to a new COVID-19 variant of concern, designated as "Omicron" by the World Health Organization. On Sunday, November 28, XpresCheck expanded its COVID-19 biosurveillance program to test passengers entering the United States from Southern Africa, including passengers making connections through Europe. The initial COVID-19 biosurveillance program launched in September and provided testing for travelers arriving from India at three key United States airports, John F. Kennedy International Airport, Newark-Liberty International Airport, and San Francisco International Airport, and is expanding to include Hartsfield-Jackson Atlanta International Airport. The CDC's program, conducted in collaboration with XpresCheck and Ginkgo Bioworks, offers two types of free testing options. The first is a PCR test done on a pooled sample collected at the airport on arrival. A pooled test means several passengers' samples are combined together and tested as a group. This approach enables efficient large-scale testing of many passengers entering the country. The second option is an at-home specimen collection kit that passengers can take with them and mail back a sample collected three to five days after arrival into the United States for individualized PCR testing. The CDC strongly encourages all international travelers to get tested three to five days after arrival in the United States. Through this program, results are provided to passengers and public health authorities to help interrupt the chain of transmission in US communities, and detect variants of concern entering the United States. Ginkgo Bioworks' biosecurity and public health effort, Concentric by Ginkgo, will manage the testing program, which includes genetic sequencing of positive tests to detect presence of the new variant of concern or other SARS-CoV-2 variants. The CDC uses these results for ongoing surveillance purposes, in order to inform public health decision-making.
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AIHS | Hot Stocks09:04 EST Senmiao Technology launches proprietary online ride-hailing platform - Senmiao Technology announced the launch of its proprietary online ride-hailing platform for drivers in Suzhou, China. With the launch in Suzhou, Senmiao's platform is now available in 12 cities across China, six cities in Sichuan Province and six major cities in other provinces in China. With a population of approximately 12.7M, Suzhou is recognized as one of the important central cities in the Yangtze River Delta by the State Council of China. Located just west of Shanghai, Suzhou is a national high-tech industrial base and a popular tourist destination known for its scenic canals, bridges and classical gardens.
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TENB | Hot Stocks09:03 EST Tenable Holdings announces new features for Terrascan - Tenable, the Cyber Exposure company, announced new features for Terrascan, the open source cloud native security analyzer that helps developers secure Infrastructure as Code, IaC. The new capabilities enable organizations to embed security into their DevOps tooling, pipelines and supply chains, mitigating risks before infrastructure is provisioned. "It's now more critical than ever for developers to have tools that can detect compliance and security violations across their entire cloud systems, including IaC," said Nico Popp chief product officer, Tenable. "Just as IaC opens the door to programmatically embed policy checks earlier in the development lifecycle, Terrascan detects compliance and security violations across IaC to mitigate risk before provisioning. We are committed to ensuring Terrascan remains open and available to all development teams and are excited to contribute to its growth." The company said, "Terrascan delivers a scalable way to ensure that cloud infrastructure configuration adheres to evolving security best practices. It helps identify issues such as missing or misconfigured encryption on resources and communication, and inadvertent exposure of cloud services. Terrascan fundamentally enhances the value of IaC used by organizations to define and manage cloud infrastructure, and improves security by enabling teams to eliminate risk before infrastructure is deployed."
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AMD AMZN | Hot Stocks09:02 EST AMD EPYC processor offerings expand at AWS - AMD (AMD) announced Amazon (AMZN) Web Services, AWS, has expanded its AMD EPYC processor-based offerings with the general availability of general-purpose Amazon EC2 M6a instances. The M6a instances are powered by 3rd Gen AMD EPYC processors delivering, according to AWS, up to 35% better price-performance compared to the previous M5a instances and a 10% lower cost than comparable x86-based EC2 instances. "Our 3rd Gen AMD EPYC processors provide Amazon EC2 users excellent scalability and impressive price-performance compared to previous generation Amazon EC2 M5a instances. This announcement shows our strong collaboration as well as highlights our overall momentum in cloud infrastructure," said Lynn Comp, corporate vice president, Cloud Business, AMD. "Our work with AWS exemplifies our commitment to giving end users innovation and performance for their cloud environments and workloads." The Amazon EC2 M6a instances are EC2 instances powered by 3rd Gen AMD EPYC CPUs, which are to be followed by additional instances going forward. Compared to the existing M5a instances, M6a takes advantage of the new 'Zen 3' core for better price-performance, and more core density. The latest AWS M6a instances powered by 3rd Gen AMD EPYC processors are available in AWS US East, US West, Europe, and Asia Pacific Regions.
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GDEV | Hot Stocks09:02 EST Nexters launches Island Questaway game - Nexters has soft launched Island Questaway, a new casual game previously available under the working title Puzzle Island, on iOS and Android. This new title continues Nexters' efforts to grow its presence in the casual gaming market in addition to the midcore segment where the company is well presented by Hero Wars and Throne Rush. Island Questaway offers fresh and unique gameplay through a blend of different genres with a farming game that features an engaging storyline as well as a variety of puzzles to solve for an exciting, fun gaming experience. Island Questaway was created by the team that previously worked on Island Experiment - the first casual game by Nexters. The current version already boasts extensive content and engaging play mechanics while the development team is working on a story expansion, new gameplay features, and live events.This is the second casual game Nexters has launched in the second half of 2021. Chibi Island was the first and officially launched on July 27th. It was also a successor of sorts to Island Experiment, retaining the key elements of the original that made it popular, while updating and reworking the game in several areas to make it more modern and engaging. Nexters anticipates both Chibi Island and Island Questaway to not only build off the original title, but to greatly expand Nexters' casual gaming audience with both titles appealing to their own unique player base.
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VIAC VIACA | Hot Stocks09:01 EST ViacomCBS to sell CBS Studio Center for $1.85B - ViacomCBS announced it has entered into a definitive agreement to sell CBS Studio Center and its associated operating business to a partnership formed by Hackman Capital Partners, LLC and Square Mile Capital Management, LLC for approximately $1.85B. The transaction is the result of a widely marketed sale process, which attracted interest from a number of buyers, reflecting the value of CBS Studio Center as a best-in-class studio lot in the highly competitive Los Angeles studio marketplace. The property sits on a 55-gross-acre site in Studio City and consists of over 1M square feet of space, including 22 stages, production office and support buildings, third-party tenant offices, a purpose-built broadcast center and filmable backlot locations. At closing, CBS Broadcasting Inc. will enter into a long-term lease-back of the Broadcast Center, which is home to television stations CBS 2 and KCAL 9. ViacomCBS will continue to occupy stages and produce content on the lot, as well as enter into a short-term lease-back of certain portions of the property in order to manage the transition of ViacomCBS employees to other locations. The transaction is expected to close in 2021, subject to customary closing conditions, including regulatory approval.
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ORN | Hot Stocks09:00 EST Orion Group awarded three Marine segment contracts totaling $16M - Orion Group announced three contract awards for its Marine segment totaling approximately $16M. In Texas, the company has been awarded a contract valued at $7.1M by the U.S. Army Corps of Engineers for dredging in the Freeport Harbor Channel. Work is expected to begin in Q1 of 2022 and to be completed in Q2 of 2022. The company has also been awarded a contract valued at $4.1M by a local port for a pipeline removal project related to future expansion. Work on this project is expected to commence late in Q4 and be completed during Q2 of 2022. In Florida, the company has been awarded a contract by a private sector client for the installation of a bulkhead wall for shore protection. This project is valued at $5.2M and will commence in Q1 of 2022 with the work completed in Q2 of 2022.
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DCPH | Hot Stocks09:00 EST Deciphera Pharmaceuticals trading resumes
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PRIM | Hot Stocks08:57 EST Primoris receives approximately $425M in solar project awards - Primoris Services Corporation announced two solar project awards with an estimated value of $425M. The contracts were secured by the Company's Energy/Renewables Segment. "These new contracts bring us closer to the $1B in solar project backlog we projected in our earnings discussion earlier this month," said Tom McCormick, President and Chief Executive Officer of Primoris. "Building on our record of successful execution, our Energy/Renewables team continues to add new clients to our roster and new projects." These awards are for the engineering, procurement and construction of utility-scale solar facilities in the Southwest. Initial project construction will begin in the second quarter of 2022 for both contracts with completion of the projects expected in the third quarter of 2023.
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DSX | Hot Stocks08:54 EST Diana Shipping completes OceanPal spin-off - Diana Shipping announced that it has completed the spin-off of its wholly-owned subsidiary, OceanPal Inc., effective November 29, 2021. The Company's shareholders received one OceanPal Inc. share for every 10 shares of Diana Shipping Inc. held on the record date of November 3, 2021. To the extent the distribution would have resulted in any shareholder owning a fractional share of OceanPal Inc., such fractional share was rounded up to the next whole number of shares.
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OPGN | Hot Stocks08:48 EST OpGen subsidiary Ares Genetics announces database access transaction - OpGen announced that its subsidiary Ares Genetics entered into a strategic database access transaction with an unnamed global corporation and leader in microbiology and infectious disease diagnostics. Under the terms of the agreement, the unnamed IVD corporation gains immediate, permanent, unrestricted and non-exclusive access to a small subset constituting approximately 1.1% of the total current database content of Ares Genetics' proprietary ARESdb. Under the terms of the agreement, Ares Genetics grants the global IVD corporation access to an ARESdb subset of associated genotype and AMR phenotype data for a narrowly defined and non-disclosed group of pathogens implicated in a widespread type of infections resistant to treatment. For the subset, corresponding to ~1.1% of total ARESdb content, the unnamed IVD corporation pays Ares Genetics an undisclosed one-time data generation, data transfer and data access fee. Oliver Schacht, CEO of OpGen added, "In just a couple of quarters Arne Materna has transformed Ares Genetics from a research stage technology business into a commercially driven part of OpGen. This transaction is yet another example of the growing commercial traction and adds this global leader to the list of collaborations and deals that Ares has with Sandoz, QIAGEN and others. Looking at the value proposition it is clear that the implied value of ARESdb is far greater than the intangible asset value carried on our balance sheet for Ares Genetics and this may help crystallize the promise of future value creation that we expect to deliver to be communicated and appreciated in the eyes of the markets."
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OMQS | Hot Stocks08:46 EST Omniq closes previously announced notice to acquire additional 26% of Dangot - OMNIQ has closed on its previously announced notice to acquire an additional 26% of Dangot Computers increasing OMNIQ's ownership to 77%, effective from October 1st, 2021. The Company has paid $4,035,000 from its working capital and a straight loan from an Israeli commercial bank. "Based on the five months of working together, management of OMNIQ strongly believes that Dangot's innovative product offerings fit OMNIQ's target markets, and as such will be leveraged by its strong sales team in the US market. At the same time, OMNIQ believes it can accelerate merging its AI products into the supply chain customers served by both companies," the company said.
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DDMX | Hot Stocks08:46 EST Codere completes DD3 combination, appoints Patrick Ramsey as chairman - Codere Online announced the completion of its previously announced business combination with DD3 Acquisition Corp. II, following the approval of the business combination by DD3's stockholders on November 18, 2021, and the satisfaction of the closing conditions. It is expected that the ordinary shares and warrants of Codere Online Luxembourg, S.A. will begin trading on the Nasdaq Capital Market on December 1, 2021, under the symbols "CDRO" and "CDROW," respectively. Codere Online will be the first online gaming operator in Latin America to become publicly listed in the United States. The transaction will result in gross proceeds of approximately $116 million to Codere Online, or approximately $103 million net of transaction fees and expenses, which are expected to be used primarily to fund marketing expenditures in furtherance of Codere Online's growth plans across Latin America, along with selected investments in technology and other enhancements to Codere Online's gaming platform. Codere Online announced the appointment of Patrick J. Ramsey as a non-executive independent director and Chairman of the Board of Directors. Mr. Ramsey has also been appointed as a member of the Audit Committee. Mr. Ramsey brings over 20 years of experience in both casino operations / management and casino gaming technology. He started his career at Harrah's, where he held various management and executive positions around the United States.
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EJH | Hot Stocks08:44 EST E-Home Household Service acquires 51% of Fuzhou Sijie Cleaning - E-Home Household Service Holdings announced that its affiliated variable interest entity, Pingtan Comprehensive Experimental Area E Home Service had entered into an equity transfer agreement to acquire 51% equity interests of Fuzhou Sijie Cleaning Service in cash. The acquisition marks a significant step of E-Home expanding its household cleaning business to public places cleaning market and will improve E-Home's cleaning business service capacities and scopes.
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MEEC | Hot Stocks08:44 EST Midwest Energy Emissions secures new license agreement of patent technology - Midwest Energy Emissions announced the signing of a five-year license agreement with a utility in the Midwest to provide a non-exclusive license to certain ME2C patents for use in connection with the utility's coal-fired power plants. The licensed patents relate to ME2C's two-part Sorbent Enhancement Additive, SEA, process for mercury removal from coal-fired power plants. The five-year license agreement includes a one-time sum to be paid to ME2C Environmental for use of the Company's patented processes for mercury emissions capture. The agreement also provides ME2C Environmental the opportunity to compete for the utility's product supply going forward. "Beginning a new relationship with yet another new licensee marks exciting progress for our Company and further adds to the strength of our core business," said Richard MacPherson, CEO of ME2C Environmental. "Through our recent outreach across the U.S. coal-fired fleet, supported by our IP law firm, Caldwell, Cassady & Curry, our license claims for our patented process of mercury capture are being increasingly validated by the U.S. power industry. Importantly, this utility provides ME2C Environmental the opportunity to compete for the utility's product supply going forward once their current contract expires and we look forward to providing additional operational benefits and efficiencies to this utility."
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LCTX | Hot Stocks08:44 EST Lineage Cell Therapeutics reports 4th case of retinal tissue regeneration - Lineage Cell Therapeutics announced that restoration of retinal tissue was observed in a fourth patient enrolled in the Company's Phase 1/2a clinical study of its lead product candidate, OpRegen. Retinal tissue restoration and improved visual acuity has now been observed in all four better vision patients treated in Cohort 4, where surgeons successfully covered the majority of the area of atrophy with a suspension of OpRegen cells. Outer retinal layer restoration, which was observed using clinical high-resolution Optical Coherence Tomography , was evidenced by the presence of new areas of retinal pigment epithelium monolayer with overlying ellipsoid zone, external limiting membrane, and outer nuclear layer, which were not present at the time of baseline assessment. These new and additive findings continue to support the Company's view that atrophic AMD is not an irreversible, degenerative condition and that some portion of diseased retinal tissue may be recoverable. OpRegen is an allogeneic RPE cell transplant in development for the treatment of age-related macular degeneration with geographic atrophy , or dry, or atrophic, AMD. "After reporting three previous cases of retinal restoration over the course of the last two years, we have been carefully examining the other Cohort 4 patients. We have put significant work into reviewing images from the remaining patient who had the majority of the area of atrophy covered by the OpRegen suspension at the time of surgical implant. I am pleased to report that at the scheduled Month 12 post-operative visit for this patient, although less prominent than the 3 previously reported cases due to a smaller area of atrophy at baseline, there is clear evidence of retinal restoration in some areas, and the total area of atrophy as calculated using square root transformation, or SQRT, is smaller than the size calculated at baseline," stated Jordi Mones, M.D., Ph.D., Director, Institut de la Macula and Director, Principal Investigator and Founder, Barcelona Macula Foundation. "The finding of a fourth case of restoration further supports our goal of showing that atrophic age-related macular degeneration can be responsive to this type of cell therapy. Dry AMD is a progressive disease and halting or reversing an area of atrophy does not occur spontaneously, which we believe makes the durability and reproducibility of these changes unprecedented within the field. With 12 months of follow-up complete, I am eager to have these cases submitted for peer-reviewed publication." "We have treated 24 patients with OpRegen, 12 of which were not legally blind at baseline and represent our intended treatment population. Among these 12 patients, four received thorough coverage of OpRegen cells across the majority of the atrophic area and experienced a cessation or reversal of their areas of atrophy at 12 months and continue to be followed. These patients also experienced increases in their visual acuity in their treated eye. We believe these four patients represent the only examples of an experimental treatment for dry AMD which can reduce an area of atrophy in humans, rather than simply slow its growth," added Brian M. Culley, Lineage CEO. "Restoration of retinal tissue using cell therapy represents a paradigm shift compared to conventional approaches, which to date have only shown an unremarkable slowing of progression. In addition to being well tolerated to date, the durability of changes to areas of atrophy and improvements in visual acuity support the continued and rapid clinical development of OpRegen. Alongside our advisors, we currently are preparing for multiple engagements with FDA to discuss aspects of OpRegen's designation, our manufacturing plans, and the design of a later-stage clinical trial to begin next year. We anticipate the first of these engagements will begin next month and continue in the first quarter of 2022."
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LAZY CWH | Hot Stocks08:43 EST Kanen Wealth Management deliver letter to Lazydays Holdings board - Kanen Wealth Management announced it delivered a letter to the board of Lazydays Holdings (LAZY): "Dear LAZY Board of Directors, We are calling on LAZY's board of directors to continually evaluate the best candidate Lazydays Holdings, Inc. can obtain to run the Company as CEO. As you all know, current CEO Bill Murnane has been chair of LAZY since 2009 - which coincided with Murnane's predecessor firm Wayzata Investment Partners LLC gaining a substantial stake. Over the last dozen years Murnane has stabilized the business. We believe LAZY must initiate a search for an auto industry executive with a track record of significant growth and outperformance. Over the last 12 years in which Murnane has presided over LAZY, the Company has added roughly a dozen new dealerships. LAZY has significantly lagged its two closest peers - Camping World Holdings (CWH) and RV Retailer... While LAZY has been "stabilizing," its two closest peers have operators with great track records of growth. Our CEO's track record, pre "stabilizing" LAZY, consists of an eight-year tenure as CEO and Director of Innovex - a public company which lost ~90% of its value over Murnane's tenure... Murnane has rejected each of our multiple requests to shrink the fully diluted share count when we had a long window of trading between $10-$14/share, or sub 1.5x forward EV/EBITDA on a fully diluted basis... Today, LAZY trades at ~2x pro forma EV/EBITDA on a fully diluted basis, and LAZY is doing almost nothing to mitigate dilution and shrink the share count at large discounts to intrinsic value. In recent months, Murnane has sold nearly $8.5M worth of LAZY shares. Murnane has stated by his actions that he does not believe in LAZY and is significantly reducing his alignment with shareholders. LAZY must search for a CEO who believes in the value of our business. LAZY desperately needs a CEO who can grow the business on par or better than peers and get M&A done. Additionally, LAZY needs a CEO that believes in appropriately allocating our large pro forma cash position. We believe other shareholders have similar frustrations. We will continue to challenge the board to correct LAZY's significant underperformance versus peers, our CEO's underperformance in capital allocation, and our CEO's demonstration that he doesn't believe in LAZY. We are calling on the Board to fulfill its fiduciary duty to shareholders by: 1) immediately conducting a CEO search 2) doing a large buyback/ tender for Warrants and Common Stock for $100 million."
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GENI | Hot Stocks08:43 EST Genius Sports CEO Mark Locke purchases 50,000 shares of common stock - Genius Sports announces the purchase of common stock on the open market by individual members of the company's board of directors, as follows. Chairman of the board of directors and independent director, David Levy bought 25,000 shares. CEO and executive director Mark Locke purchased 50,000 shares. Director, Daniel Burns, acting as beneficial owner of Carbon Group purchased 7,480 shares. Independent director, Niccolo de Masi and Harry You bought 100,000 shares.
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GWRS | Hot Stocks08:42 EST Global Water Resources raises quarterly dividend 1% to 29.496c - Global Water Resources has declared under its dividend policy a monthly cash dividend increase of 1% to $0.29496 on an annualized basis. This equates to a monthly dividend of $0.02458. The first dividend at the new monthly rate will be paid on December 30, 2021, to holders of record at the close of business on December 16, 2021.
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IONM | Hot Stocks08:42 EST Assure Holdings closes $5.2M from private placements - Assure Holdings is pleased to announce that the Company completed a non-brokered private placement, with participation by Assure management and certain directors, employees and consultants, of 70,300 common shares of the Company at an issue price of US$6.19 per share, for aggregate gross proceeds of approximately US$435,000. The issue price was determined in the context of the market and in accordance with Nasdaq listing requirements and following the end of the Company's trading blackout period under its insider trading policy. The Offering follows the Company's announcement on November 15, 2021 of the closing of a brokered private placement whereby the Company raised approximately US$4.75 million at an issue price of US$5.25 per share. There were no warrants issued in connection with the Offering and the Prior Offering. No commissions or fees were paid in connection with the Offering. The net proceeds of the Offering and Prior Offering are expected to be used to service the previously announced system-wide contract with Premier, Inc., expand the Company's high-margin remote neurology services platform, extend the Company's operational footprint into new states and continue to build infrastructure that supports the Company's growth initiatives and for general working capital purposes. The Offering remains subject to the final approval of the TSX Venture Exchange. This press release does not constitute an offer to sell or the solicitation of any offer to buy securities nor shall there be any offer, solicitation or sale of the securities in any jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
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DCT | Hot Stocks08:40 EST Authentic4D partners with Duck Creek Technologies - Authentic4D announced today that it has partnered with Duck Creek Technologies to offer workers' compensation carriers access to the most medically and technologically advanced diagnostic network. An API integration between Authentic4D and Duck Creek Claims will give insurers the ability to diagnose injuries earlier and more accurately compared to existing networks, improving risk management, treatment protocols, and clinical outcomes.
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AGE | Hot Stocks08:40 EST AgeX's licensee ImStem announces 1st U.S. MS patient dosed with IMS001 - AgeX Therapeutics announced that ImStem Biotechnology has dosed the first U.S. multiple sclerosis patient with ImStem's lead investigational drug candidate IMS001 at the Shepherd Center in Atlanta, GA. IMS001 was derived by ImStem from AgeX's pluripotent stem cell line designated ESI-053, under a non-exclusive sublicense from AgeX. AgeX will be entitled to receive revenues in the form of royalties on the sale of IMS001 if successfully developed by ImStem and approved for marketing by the FDA or foreign regulatory authorities, as well as a share of certain other revenues that ImStem may receive in connection with the development or commercialization of IMS001, in multiple sclerosis. IMS001 is derived from AgeX pluripotent stem cells induced to differentiate into mesenchymal stem cells, and is an investigational, allogeneic cell product to be administered intravenously to patients suffering from MS. IMS001 is believed to be the first MSC product derived from an ESC line to be accepted for a human trial by the FDA . ImStem plans to continue enrollment in a dose-escalating, open-label study to evaluate the safety, tolerability, and exploratory efficacy of a single dose of intravenous IMS001 in patients with relapsing-remitting, secondary, or primary progressive MS for whom other treatments have failed. "After decades of ground-breaking work with human embryonic stem cells in the biopharma industry, it is fantastic to see cellular therapies derived from them now being explored in clinical trials," said Dr. Nafees Malik, Chief Operating Officer of AgeX. "The ESI stem cell lines are distinguished as the first clinical-grade human pluripotent stem cell lines created under Good Manufacturing Practices, and we wish to expand access to them for the derivation of cell therapies, by working with academic and industry partners, like ImStem. Also, ESI cells are among only a small number of pluripotent stem cell lines from which a derived cell therapy product candidate has gained FDA IND clearance for human studies."
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DCPH | Hot Stocks08:39 EST Deciphera reports corporate restructuring, discontinuation of rebastinib program - Deciphera announced a corporate restructuring intended to prioritize clinical development of select programs, streamline commercial operations, maintain a focus on discovery research and extend the company's cash runway. Following a detailed review of its portfolio and growth opportunities, Deciphera will focus its resources on the continued advancement of vimseltinib and DCC-3116, while discontinuing the rebastinib program. The company will streamline commercial operations for Qinlock in the U.S. and focus commercialization efforts on a select number of key European markets. These changes are expected to result in a significant reduction in operating expenses and extend the company's cash runway into 2024. The company will implement an organizational restructuring that will result in a workforce reduction of approximately 35%, or approximately 140 positions. The restructuring is expected to affect U.S. employees across all areas of the organization including the Qinlock commercial team, research and development, and general and administrative support functions. Deciphera will remain focused on the commercialization of Qinlock for the treatment of fourth-line GIST in the U.S. with a reduced commercial team. In Europe, Deciphera will maintain a limited direct commercial presence that will support the launch of Qinlock in two key markets, Germany and France, and work to provide access to Qinlock in additional European countries through other channels. Further clinical development of Qinlock will be discontinued, including the Phase 1b/2 MEK combination study, which had been planned to start in the fourth quarter of 2021. Deciphera is prioritizing the clinical development of its vimseltinib and DCC-3116 programs, discontinuing the development of the rebastinib program, and continuing with a focused investment in its next generation of research programs, designed to provide first-in-class or best-in-class treatments for patients. Vimseltinib: The company expects to initiate the Phase 3 MOTION study for vimseltinib, an orally administered, potent, and highly selective switch-control kinase inhibitor of CSF1R, for the treatment of tenosynovial giant cell tumor before the end of the year. DCC-3116: Deciphera will continue to advance the clinical development of DCC-3116, a first-in-class ULK kinase inhibitor designed to inhibit autophagy for the treatment of patients with advanced or metastatic tumors with a mutant RAS or RAF gene. DCC-3116 is currently being investigated as a single agent and in combination with trametinib in an ongoing Phase 1 study. Deciphera expects to present initial data from the dose escalation phase of the Phase 1 study in 2022. In addition to the ongoing Phase 1 study, the Company is actively exploring preclinical combinations of DCC-3116 with multiple additional targeted oncology agents with diverse mechanisms of action. Deciphera will discontinue development of rebastinib, which was expected to enter a Phase 3 study in patients with platinum-resistant ovarian cancer in 2022. The company intends to continue to invest in the development of new product candidates using its novel switch-control inhibitor approach.
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QTNT | Hot Stocks08:38 EST Quotient announces appointment of Esteban Uriarte as CMOO - Quotient announced Esteban Uriarte as the Company's Chief Manufacturing Operations Officer, CMOO. Uriarte will assume the responsibilities of CMOO on February 1st, 2022. Uriarte brings 30 years of experience in manufacturing and production operations management in the medical devices and pharmaceutical industries. He joins the Company from Ferring Pharmaceuticals where he served as Senior Manufacturing Director responsible for the headquarters site based in Switzerland and the LatAm region.
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CDAK | Hot Stocks08:37 EST Codiak announces FDA clearance of IND for exoASO-STAT6 - Codiak BioSciences announced that the U.S. Food and Drug Administration, FDA, has cleared the company's Investigational New Drug Application, IND, for exoASO-STAT6. exoASO-STAT6 is Codiak's third engineered exosome therapeutic candidate to be cleared for clinical evaluation, and the first intended for systemic administration. It is designed to silence the transcription factor STAT6 selectively in tumor associated macrophages. Preclinical studies of exoASO-STAT6 showed single agent anti-tumor activity in models of aggressive hepatocellular carcinoma. "This is an important milestone for Codiak and we are excited to be advancing exoASO-STAT6 into clinical development. This program is our first systemically administered exosome therapeutic candidate, our first antisense oligonucleotide payload, our first candidate showing cell specific targeting of a transcription factor, and the first macrophage targeting candidate to show single agent anti-tumor activity of this magnitude in preclinical models," said Douglas E. Williams, Ph.D., CEO of Codiak. "We are eager to confirm this biological profile in the clinic and expect to begin enrolling patients in this Phase 1 study in the first half of 2022."
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CNET | Hot Stocks08:36 EST ZW Data Action announces strategic cooperation with Weiyou Information - ZW Data Action Technologies announced that the Company has established a strategic cooperation with Shanghai Weiyou Information Technology pursuant to which the parties will jointly develop a Platform. Through the Platform, certain "Blockchain + Insurance" services are expected to be provided for small and medium-sized enterprises, contributing to the insurance ecosystem with a blockchain technology upgrade. Weiyou Information was founded in 2015, and its insurance brokerage and technology platform, Klover InsurTech, focuses on digital insurance services, providing streamlined, transparent, and affordable insurance products and value-added services by leveraging innovative cloud computing and big data internet technology, and complying with insurance and finance regulations. Currently, Weiyou Information has cooperated with many well-known companies, including People's Insurance Company of China, Ping An Insurance, China Pacific Insurance Company, China Life Insurance Company and more, and its business and service cover multiple cities across Eastern, Southern and Central China. The two parties will jointly develop and establish a cost-efficient insurance platform based on ZW Data's blockchain technology. Through the Platform, Weiyou Information will provide one stop services, ensuring that all the processes and data of the related insurance could be verified and tracked, improving the transparency and credibility for all participating parties. In addition to Klover InsurTech's current auto insurance, ZW Data and Weiyou Information will jointly conduct research and development on other types of insurance products. Meanwhile, the Company will cooperate with a variety of new media's platforms to promote the Platform.
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GRIL | Hot Stocks08:34 EST Muscle Maker's Pokemoto signs franchise agreement, enters Mississippi market - Muscle Maker's newest subsidiary Pokemoto announced that it has signed a franchise deal in Oxford Mississippi, totaling six new franchise agreements inked in the last 30 days. Pokemoto currently has open locations in six states - Connecticut, Rhode Island, Massachusetts, Georgia, Maryland and Virginia with eyes on continuing expansion into New York and Mississippi with recently announced signings. This agreement represents the brand's first location in Mississippi. The six aforementioned agreements were signed in New York and in Hampshire County Massachusetts. "Rapid expansion through franchising efforts to ultimately accelerate our top line sales is the main goal here, and now we have six new signed agreements," said Mike Roper, CEO of Muscle Maker, Inc. "We believe our added buying power, expertise in franchising and site selection, operations and marketing and additional resources showcase a well-rounded, low cost of entry opportunity for prospective franchisees looking to offer something new and unique. The fresh ingredient "build your own" bowl, burrito or salad model is very attractive for multiple reasons including but not limited to: smaller footprint, minimal cooking and the ability to serve guests quickly in a linear fashion. We believe our recent partnership with Franserve in addition to our robust internal franchising program will help us present our brand on a larger scale yielding more franchise deals."
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ATCO | Hot Stocks08:34 EST Seaspan accepts delivery of an additional two 12,200 TEU containerships - Seaspan, a wholly owned subsidiary of Atlas, announced that it has accepted delivery of an additional two 12,200 TEU containerships. The containerships will immediately begin 18-year charters with a major liner customer. This marks the second and third of five newbuild containerships in this class, the first having been delivered in October, each of which have been delivered approximately two months ahead of schedule. Since November 2020, Seaspan has announced orders for 70 newbuild containerships, representing the addition of 839,000 TEU, which will add over $11B of gross contracted cash flows and bring the fully delivered fleet to 1,959,200 TEU. The chart below summarizes the current status of this newbuild program:
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SAR | Hot Stocks08:33 EST Saratoga Investment raises quarterly dividend to 53c per share - Saratoga Investment announced that its Board of Directors has declared a quarterly dividend of $0.53 per share for the fiscal third quarter ended November 30, 2021, payable on January 19, 2022, to all stockholders of record at the close of business on January 4, 2022. This is an increase of $0.01 per share from $0.52 per share last quarter. This is the fourth dividend declared in fiscal year 2022. The Company previously declared a quarterly dividend of $0.52 per share for the quarter ended August 31, 2021, $0.44 per share for the quarter ended May 31, 2021 and $0.43 per share for the quarter ended February 28, 2021. During fiscal year 2021, the Company declared a quarterly dividend of $0.42 per share for the quarter ended November 30, 2020, $0.41 per share for the quarter ended August 31, 2020 and $0.40 per share for the quarter ended May 31, 2020. Shareholders will have the option to receive payment of the dividend in cash or receive shares of common stock pursuant to the Company's dividend reinvestment plan. Saratoga Investment shareholders who hold their shares with a broker must affirmatively instruct their brokers prior to the record date if they prefer to receive this dividend, and future dividends, in common stock. The number of shares of common stock to be delivered shall be determined by dividing the total dollar amount by 95% of the average of the market prices per share at the close of trading on the ten trading days immediately preceding (and including) the payment date.
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SFET | Hot Stocks08:33 EST Safe-T reports Q3 EPS (13c), one estimate (9c) - Reports Q3 revenue $3.377M, one estimate $2.99M. Shachar Daniel, Chief Executive Officer of Safe-T, said, "We believe that the impressive financial results achieved in the third quarter of 2021 and through the first nine months of the year, reflect the successful execution of our aggressive growth strategy focused on bringing world-class cybersecurity and privacy technology to consumers and enterprises around the world. We are especially pleased by the performance of our consumer and enterprise privacy businesses which have significantly contributed to our growth as it gains sales traction in large geographic markets including the United States and Western Europe."
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BTN MCS | Hot Stocks08:32 EST STRONG Technical Services extends nationwide MSA with Marcus Theatres - STRONG Technical Services (BTN) announced it has extended its nationwide managed service agreement with Marcus Theatres (MCS) into 2023. These managed services will include 24/7/365 monitoring, technical support, and maintenance on all projection and audio equipment across more than 1,000 screens.
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BSTG | Hot Stocks08:32 EST Biostage names David Green as CEO - Biostage announced it has hired David Green as its CEO and appointed Green as Chairman of the Board of Directors. Green is the founder and CEO of Zero CarbonTM LLC, an energy-efficiency business. He is also the former CEO and Chairman of Biostage. Green resigned from his roles in Biostage in 2015 after he had been involved in a major road accident
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GIB | Hot Stocks08:31 EST CGI awarded contract by government of Puerto Rico - CGI announced it has been awarded a contract by the government of Puerto Rico for ongoing disaster recovery IT services as part of the Commonwealth's continued rebuilding effort following hurricanes Irma and Maria. Since 2018, CGI has worked on behalf of Puerto Rico's Central Office for Recovery, Reconstruction and Resilience, or COR3, to develop and implement the Disaster Recovery Solution, or PR-DRS, a suite of solutions that provides centralized tracking of funding records from agencies such as FEMA, Housing and Urban Development and others. CGI solutions for Puerto Rico include an integrated recovery operations and management system featuring capabilities for financial management, program administration, grant management, systems integration, reporting and audit support, policy change management, and transparency assurance.
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IPA | Hot Stocks08:28 EST ImmunoPrecise Antibodies updates SARS-CoV-2 PolyTope multi-antibody program - ImmunoPrecise Antibodies is providing an update on its Polytope Development Program. The Company continues to rapidly progress it SARS-CoV-2 multi-antibody cocktail therapy, Polytope, and has met the following milestones: U.S. Food and Drug Administration assessed IPA's pre-investigational new drug application; preclinical safety studies have now commenced as previously scheduled. IPA drafted a pre-investigational new drug PIND application and received feedback from the U.S. Food and Drug Administration . IND-enabling studies have now commenced on schedule with initial IND-enabling data from the studies still expected by the end of 2021. The feedback from the FDA on the PIND file is crucial in preparation for the potential submission to the FDA of a full IND-application, which must be approved by the FDA prior to commencing first-in-human clinical studies. SARS-CoV-2 PolyTope antibody cocktail retains binding efficacy against viral variants-of-concern tested in pre-clinical studies As stated in prior announcements by IPA, the PolyTope strategy is to sustainably combat SARS-CoV-2 and emerging variants, which have the potential to escape protective antibodies via mutations in their antibody-targeted spike protein. IPA's therapeutic multi-antibody cocktail continues to demonstrate binding to spike proteins of all novel viral variants tested by IPA to date. Recent studies confirm that the PolyTope antibody mixture is also resilient to WHO-designated variants-of-concern Lambda and Mu. The Company continues to track efficacy of its proprietary antibodies against a number of novel amino acid mutations from emerging variants-of-concern designated by WHO. As with previous variants, IPA has already begun analysing the recent Omicron variant o assess retention of binding to cell associated Omicron spike protein variant. Protein homogeneity in PolyTope antibody cocktail for production purposes has improved. "Our Polytope program continues to exceed internal expectations and we are cautiously optimistic that it will continue to prove effective against all emerging variants, in particular as our Polytope was conceived with this specific purpose
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ONVO | Hot Stocks08:27 EST Organovo on track to establish human 3D disease model in IBD in 2022 - Organovo provided a business overview and progress update, and announced it is on track to establish its first models of inflammatory bowel disease, IBD, in 2022 using its 3D bioprinting and other 3D tissue technologies. Organovo has successfully hired and built a strong scientific team that has begun its efforts in short-term laboratory space. The company will be moving into its long-term new space next week, with approximately 8,051 sq. ft. of mixed lab and office plus 2,892 sq. ft. of dedicated office space. Organovo plans to pursue novel drug therapies in inflammatory bowel disease, IBD, discovered in its 3D tissues. "The company believes that this path offers strong promise because of inherent advantages in using 3D human tissues, which it believes offer the promise of finding drugs with a higher chance of success than those discovered using the prevailing paradigm of animal models," the company said. The company will build a pipeline of drug opportunities, with more than one drug program in IBD, and will be expanding in 2022 into at least one additional tissue area, beyond intestine, with another drug program. Multiple tissue types are being evaluated currently to select the best option for our next tissue. Organovo is targeting filing multiple investigative new drug, IND, applications for novel drug therapies by 2025, with the opportunity to file the first as early as 2024. The milestones along the path to putting novel drugs in the clinic include: Disease Model Building; Target Validation and Selection; Screening and Lead Compound Selection; Investigative New Drug Enabling Studies; IND filings with FDA. Organovo plans to communicate its achievements as it approaches and hits its milestones for drug programs, and to provide information on its progress towards entering the clinic. The company believes that its results thus far suggest that it is on track to establish the necessary disease models of inflammatory bowel disease in 2022.
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DUK | Hot Stocks08:27 EST Duke Energy files agreement with NCUC for solar adopter compensation - Duke Energy has filed an agreement with the North Carolina Utilities Commission, or NCUC, that will align solar adopter compensation to utility system benefits and create long-term stability for the residential solar industry in North Carolina. The net metering agreement was crafted by Duke Energy and the N.C. Sustainable Energy Association; the Southern Environmental Law Center on behalf of Vote Solar and the Southern Alliance for Clean Energy; Sunrun Inc. and the Solar Energy Industries Association. It must be approved by the NCUC. The agreement follows a similar net metering agreement in South Carolina from September 2020. The filing allows for new net metering tariffs to go into effect for customers submitting applications on or after Jan. 1, 2023; will create innovative pricing and incentives for residential solar customers; features rate design mechanisms to properly collect costs of the grid infrastructure needed to serve solar customers; will include cutting-edge retail rates that vary based on the time of day and when the utility is experiencing peak demand.
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PLUG ACXIF | Hot Stocks08:25 EST Plug Power, Acciona launch joint-venture, AcconiaPlug - Plug Power (PLUG) and ACCIONA Energia (ACXIF) announced that the companies have finalized the formation of their previously announced 50-50 joint-venture. Incorporated as AccionaPlug, the joint-venture is headquartered in Madrid and will develop, operate, and maintain green hydrogen projects throughout Spain and Portugal. Alan Ripa, with 16 years track record in executive positions in ACCIONA Energia group, his last position being Chief Executive Supervisor at ACCIONA Energia Internacional, has been named CEO of AccionaPlug. AccionaPlug also plans to provide storage, transportation, and delivery services to its customers, initially targeting the industrial and mobility business segments. Targeting hydrogen production facilities co-located directly with industrial customers and stand-alone plants that produce hydrogen for regional distribution, AccionaPlug expects its first plants to be online in 2023. The new venture aims for substantial market share of the green hydrogen business in Spain and Portugal by 2030, with medium term plans to have over 100 tons of green hydrogen production per day. The joint venture combines Plug Power's PEM electrolyzer technology and ACCIONA Energia's leadership in the development of renewable energy projects as a pioneer and the largest independent 100% renewable power retailer in Spain and Portugal. "We quickly recognized a shared mission and approach in working with the team at ACCIONA Energia this year, and this joint venture was the logical next step," said Andy Marsh, CEO for Plug Power. "Our two companies are kindred spirits and envision a decarbonized future. Working together as AccionaPlug, we will build a robust green hydrogen ecosystem that will help Europe deliver on its sustainability goals, positioning Spain and Portugal as leading global hydrogen hubs."
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DCPH | Hot Stocks08:25 EST Deciphera Pharmaceuticals trading halted, news pending
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CNHI | Hot Stocks08:24 EST CNH Industrial completes acquisition of Raven Industries - CNH Industrial announced that it has completed its acquisition of Raven Industries, Inc., a U.S.-based leader in precision agriculture technology. The acquisition builds upon a long partnership and is an important milestone in CNH Industrial's digital transformation. CNH Industrial is laser focused on delivering immediate value for its brands' dealer partners and their customers, the world's farmers. The first in-house products featuring fully integrated Raven precision agriculture systems will become available in 2022.
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AKYA | Hot Stocks08:23 EST Akoya Biosciences secures CLIA Lab certification - Akoya Biosciences announced that its Advanced Biopharma Solutions laboratory, located in Marlborough, Massachusetts, has received its Certificate of Registration from the Clinical Laboratory Improvement Amendments program, following the receipt of a Massachusetts Department of Public Health clinical laboratory license. This certification enables Akoya's ABS lab to support later stage clinical trial studies with its biopharmaceutical partners. CLIA certification affirms that Akoya's ABS lab processes and services operate under high quality standards and provides a framework for assay development and validation that consistently meets guidelines for accuracy, precision, specificity, sensitivity, and reproducibility. This milestone is an important step towards advancing the company's platforms toward clinical use. It further positions Akoya Biosciences as an attractive partner for biopharmaceutical companies seeking to incorporate its ground-breaking spatial biology technologies into their clinical research, most notably in the expanding field of cancer immunotherapy. The certification will enable Akoya to expand its collaborations with key partners like AstraZeneca and other biopharmaceutical companies working with Akoya's ABS Program. The goal of this program is to enable biopharma partners to leverage Akoya's deep spatial biology expertise and technological innovations from the early stages of clinical trials, potentially, through full companion diagnostic approval. The CLIA certification is the latest milestone in Akoya's ongoing efforts to ensure consistency and standardization of its laboratory processes and results. Important prior milestones include a recent publication in the Journal of Immunotherapy for Cancer on the MITRE Study, demonstrating for the first time a spatial biology workflow with the throughput, accuracy and reproducibility required to serve the translational and clinical markets.
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AMS | Hot Stocks08:22 EST American Shared Hospital signs office sub-lease - American Shared Hospital Services announced that the company has signed a sub-lease for its existing corporate offices. AMS has also signed a lease for new corporate offices with a smaller footprint. Ray Stachowiak, Chief Executive Officer, commented, "With the onset of the COVID-19 pandemic, AMS implemented technology and processes that allowed its administrative staff to efficiently and effectively work remotely. As a consequence, the Company has sublet its current corporate office and will relocate its corporate office to a smaller space at 601 Montgomery Street, Suite 1112, San Francisco, California on December 1, 2021. This move is estimated to provide cash savings of more than $115,000 over the next 12 months."
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DTEA | Hot Stocks08:21 EST DavidsTea launches C.A.M.P. by DAVIDsTEA x Ethical Tea Partnership project - DAVIDsTEA is pleased to celebrate Giving Tuesday by announcing its commitment to a more sustainable and ethical tea industry, with the launch of its new summer C.A.M.P by DAVIDsTEA x Ethical Tea Partnership project. This project will support the tea-growing community in Zhejiang, China, one of the regions where it sources premium black and green tea bases for some of its top blends.
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BTTX ALPMY | Hot Stocks08:21 EST Better Therapeutics appoints Deepti Sodhi Jaggi, PharmD, as CSO - Better Therapeutics (BTTX) announced the appointment of Deepti Sodhi Jaggi, PharmD, as its Chief Strategy Officer. Dr. Jaggi joins Better Therapeutics with decades of experience focused on using technology to transform healthcare. Prior to Better Therapeutics, she served as Global Head of Patient Insights & Solutions at Astellas Pharmaceuticals (ALPMY) and President & Chief Medical Officer at Clinakos Inc. Previously, Dr. Jaggi worked in business strategy roles for Johnson & Johnson, Genentech and Oracle Corp, among various other positions. She currently serves as a consultant to TPG Capital and sits on the Board of Directors for Technology Credit Union.
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FDS AMZN | Hot Stocks08:21 EST FactSet announces it has joined the AWS Data Exchange - FactSet (FDS) announced that it has joined Amazon (AMZN) Web Services, AWS, Data Exchange with a comprehensive financial data and analytics offering. FactSet will deploy over 30 proprietary datasets available within the FactSet ecosystem on AWS Data Exchange, which will allow clients to leverage FactSet's leading content for faster, more efficient decision-making. FactSet will also begin listing APIs that allow users to benefit from its portfolio analytics engine without having to be an existing FactSet client. Furthermore, it plans to bring additional APIs to AWS Data Exchange. "FactSet is delighted to offer its data and solutions on AWS Data Exchange," said Jonathan Reeve, Executive Vice President and Global Head of Content and Technology Solutions, FactSet. "Our clients are accelerating their shifts to the cloud to reduce costs, consolidate infrastructure, and eliminate the waste of duplicated data, and AWS is a leader in this space. FactSet's expansion of our data management services to support Amazon Redshift will make our content available to more clients in a streamlined way, improving workflow efficiency."
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NMIH | Hot Stocks08:20 EST NMI Holdings amends, extends revolving credit facility - NMI Holdings announced that it has amended its senior secured revolving credit facility, expanding the lender group, increasing the revolving capacity to $250 million, and extending the maturity from February 22, 2023 to November 10, 2025. No amounts have been borrowed under the facility.
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GBS | Hot Stocks08:19 EST GBS Inc. announces plans for clinical SARS-CoV-2 antibody trials - GBS announced it will commence preparation for clinical trials of its rapid SARS-CoV-2 Antibody test following the recent successful completion of a clinical validation study. As previously referenced, a clinical validation study was conducted at the Wyss Institute for Biologically Inspired Engineering at Harvard University. The objective of this study was to develop a diagnostic test to detect SARS-CoV-2 IgG in human plasma. The statistical design of the study was powered in accordance with this study objective. Preliminary findings were: The SARS-CoV-2 Antibody biosensor assay was 100% sensitive and 100% specific using positive and negative SARS CoV-2 human plasma samples. The time in obtaining results was less than 10 minutes. Following the above findings, the company is planning to commence clinical saliva SARS-CoV-2 Antibody trials, with the objective of submitting an Emergency Use Authorization request to the United States Food and Drug Administration.
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AMTX... | Hot Stocks08:19 EST Aemetis signs MOU with members of oneworld Alliance for 350M gallons of SAF - Aemetis (AMTX) announced that memorandums of understanding have been signed with 8 airline members of the oneworld Alliance for 350M gallons of blended fuel containing sustainable aviation fuel, SAF, to be delivered to San Francisco International Airport. Once finalized, the agreements will cover the delivery of sustainable aviation fuel over a seven-year term beginning in 2024. oneworld members including Alaska Airlines, American Airlines (AAL), British Airways, Cathay Pacific (CPCAY), Finnair (FNNNF), Iberia, Japan Airlines and Qatar Airways will look to utilize the sustainable aviation fuel for their operations at San Francisco Airport, with the potential for additional oneworld members to participate in the coming months. The blended sustainable aviation fuel is 40% sustainable aviation fuel and 60% petroleum jet fuel to meet international blended sustainable aviation fuel standards. oneworld was the first global airline alliance to commit to net zero emissions by 2050 - with sustainable aviation fuel a crucial pillar in oneworld's pathway to carbon neutrality. The sustainable aviation fuel will be produced at the Aemetis Carbon Zero plant currently under development in Riverbank, California. The facility will use waste wood to produce cellulosic hydrogen, which is then combined with wastes and non-edible sustainable oils and zero carbon intensity hydroelectric electricity to produce sustainable aviation fuel. "The Aemetis Carbon Zero plant under development in the Central Valley of California is designed to utilize zero carbon intensity electricity, negative carbon intensity hydrogen from waste wood, and renewable oils along with CO2 sequestration to produce low carbon intensity sustainable aviation fuel," said Eric McAfee, the Founder, Chairman and CEO of Aemetis. "The plant is designed to reduce air pollution in local disadvantaged communities by reducing orchard wood burning in fields, while creating more than 2,000 direct and indirect jobs in a lower income agricultural area."
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FLOW | Hot Stocks08:16 EST SPX Flow's UHT technology selected by Middle East's dairy producers - SPX FLOW will provide its Ultra High Temperature, or UHT, technology process lines to one of the Middle East's leading dairy producers. The sale comes just days after SPX FLOW and SIG announced something that's unprecedented in the Middle East: a new Technology Center in Dubai that will stretch the value chain all the way from research and development to processing and packaging. The Technology Center will accelerate how customers test a complete delivery solution, speeding up their time to market.
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JETMF | Hot Stocks08:16 EST Flugy, Soho House partner to launch Caribbean weekend experience - Flugy and subsidiary of Global Crossing Airlines Group will partner with Soho House to launch its innovative air travel service which offers nonstop flights to hard to get to destinations. First stop - Canouan. A Caribbean paradise in St. Vincent and the Grenadines that's as hard to pronounce as it is to travel to, Canouan is next up as the "it" destination. Thanks to this partnership between Flugy and Soho House, a group of Miamians will skip multiple flight connections and ferries and fly direct to the new Soho Beach House in Canouan for a weekend trip any aspiring jet-setter would revere. Flugy puts the power to schedule flights in the hands of its members to provide a more predictable and exclusive flight experience. When you fly with Flugy, you arrive quickly at your final destination with ease. No fussin'. No cussin'. That's because Flugy flights don't have layovers-just direct, nonstop trips to incredible destinations where the commercial guys can only dream of going.
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WBA MCK | Hot Stocks08:16 EST Walgreens Boots Alliance acquires remaining stake of GEHE from McKesson - Walgreens Boots Alliance (WBA) and McKesson (MCK) have reached an agreement for WBA to acquire the remaining 30% share of their GEHE Pharma Handel, or GEHE, and Alliance Healthcare Deutschland, or AHD, joint venture. Following this transaction, WBA will become the 100% owner of the combined GEHE and Alliance Healthcare businesses in Germany. GEHE and AHD successfully combined their operations in the German pharmaceutical market on November 1, 2020. In that transaction WBA became the 70% owner of the joint venture with McKesson holding the remaining 30%. The announcement follows McKesson's announcement in July of the sale of certain European businesses and its intention to exit the European region fully. The transaction is subject to standard regulatory clearance by the relevant local authorities. Financial terms of the transaction have not been disclosed.
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AAWW | Hot Stocks08:15 EST Atlas Air announces long-term extension of agreement with DB Schenker - Atlas Air, a subsidiary of Atlas Air Worldwide Holdings, announced an extension of its partnership with Schenker Flight Services GmbH to provide transpacific service. Atlas Air's relationship with DB Schenker includes supporting its global network by providing charter capacity service. The new arrangement builds on an agreement Atlas Air reached with DB Schenker in 2020, and extends the dedicated capacity, which Atlas Air provides on multiple flights every week. "We are excited to strengthen our partnership with DB Schenker through this long-term, extended agreement to provide critical capacity for our valued customer," said John Dietrich, President and Chief Executive Officer of Atlas Air Worldwide. "We appreciate DB Schenker's confidence in Atlas Air's ability to deliver their cargo safely and efficiently as we support their network across the Pacific and around the world."
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KYMR | Hot Stocks08:14 EST Kymera Therapeutics announces FDA clearance of IND for KT-413 - Kymera Therapeutics announced the clearance of its Investigational New Drug application from the U.S. Food and Drug Administration for its IRAKIMiD degrader, KT-413.
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ENSC | Hot Stocks08:14 EST Ensysce Biosciences announces clinical trail progress of new class of opioids - Ensysce Biosciences announced the completion of a positive safety review and enrollment of the last cohort of subjects at the highest dose level in the Company's second study of its Trypsin Activated Abuse Protected, TAAP, Opioid, PF614. The clinical study is PF614-102 entitled "A Phase 1b, Randomized, 2-Part Single-Center Study to Evaluate the Pharmacokinetics and Safety of Multiple-Ascending Oral Doses of PF614 and the Food Effect and Bioavailability/Bioequivalence of Single Oral Doses of PF614 Relative to OxyContin in Healthy Adult Subjects." In receiving a positive safety review from the trial's Safety Review Committee, the trial is proceeding as planned and the Company has advanced its trial to the highest dose level. Following the conclusion of the cohort, the Company expects to enter the bioequivalence stage of the study in January 2022, with data expected from the MAD study in the first quarter of 2022 and from the BE study in the second quarter of 2022. Commenting on the Company's recent progress, Dr. Lynn Kirkpatrick, Chief Executive Officer of Ensysce, stated: "This year, we have added significant talent to our management team and achieved notable milestones for the organization, positioning us for long-term success. Specifically, our recently strengthened balance sheet provides us with the necessary resources to advance our lead clinical trial programs, including our PF614-102 bioequivalence study and our nasal and oral human abuse liability studies. Additionally, we received funds for year three of a multi-year grant from the National Institute on Drug Abuse, which provides us with additional resources to continue our clinical development initiatives with our overdose protection platform and its lead product PF614-MPAR. Looking ahead, we are entering 2022 with encouraging momentum across our clinical stage pipeline, a broadened patent portfolio with additional pipeline candidates for ADHD indications, and an enhanced balance sheet that provides us with the necessary foundation to realize our mission to bring our unique pipeline of products into the over $11 billion US prescription opioid market."
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NVOS | Hot Stocks08:13 EST Novo Integrated Sciences acquires 91% of Terragenx - Novo Integrated Sciences announced it has acquired 91% of Terragenx and the intellectual property portfolio for the formulation and manufacturing capability to produce a water-soluble iodine micro-nutrient that is FDA and Health Canada approved for over-the-counter and e-commerce distribution. Iodine is a naturally occurring element and essential nutrient used by the thyroid gland to manufacture necessary hormones in the human body. While iodine alone cannot be ingested, Novo has acquired the intellectual property for iodine in an aqueous form that can be safely ingested and has been proven to kill viruses, bacteria and protozoa when sprayed onto your mucous membranes, the entry points for various airborne viruses. The human immune system uses iodine to deactivate viruses in the bloodstream, which may facilitate the production of antibodies for various indications.
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KTRA | Hot Stocks08:13 EST Kintara announces activation of VAL-083 treatment arm in GCAR clinical trial - Kintara Therapeutics announced that the VAL-083 treatment arm in the Global Coalition for Adaptive Research, or GCAR, registrational Phase 2/3 clinical trial for glioblastoma multiforme, or GBM, has been activated at its first Canadian site, Sunnybrook Health Sciences Centre in Toronto. The Kintara treatment arm is also currently actively recruiting at 30 U.S. sites as of November 24. The trial, titled GBM AGILE, or Glioblastoma Adaptive Global Innovative Learning Environment, is a patient-centered, Phase 2/3 adaptive platform trial evaluating multiple therapies for patients with newly-diagnosed and recurrent GBM. GBM AGILE is an international, innovative platform trial designed to more rapidly identify and confirm effective therapies for patients with GBM through response adaptive randomization and a seamless Phase 2/3 design.
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GCMG | Hot Stocks08:13 EST GCM Grosvenor makes majority investment in ReSource Waste Services - GCM Grosvenor announces that it has entered into an agreement with ReEnergy Holdings, under which GCM Grosvenor acquired a majority ownership stake in ReSource Waste Services, New England's largest processor of construction and demolition material. GCM Grosvenor's investment will support ReSource's continued growth strategy throughout the greater Boston area and New England. Terms of the agreement were not disclosed. ReEnergy will retain a minority stake in ReSource. ReSource, a wholly owned subsidiary of ReEnergy, is a C&D waste processing and recycling service provider with an integrated network of five facilities located in Massachusetts, New Hampshire, and Maine, which have a combined processing capacity of 1.3 million tons per year. The Company processes waste material into valuable end-products for sale or beneficial reuse. It maintains a leading market presence in the Boston metropolitan area, an area that is expected to continue to drive C&D waste generation in the New England region. GCM Grosvenor's investment, as well as its expertise as a leading infrastructure investor, can help propel ReSource and its team into a new stage of growth, allowing it to continue to expand its network and provide world-class services to an even greater number of customers throughout the region.
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HEPA | Hot Stocks08:12 EST Hepion Pharmaceuticals receives FDA Fast Track designation for CRV431 - Hepion Pharmaceuticals announced that the U.S. Food and Drug Administration, FDA, has granted Fast Track designation for the Company's lead drug candidate, CRV431, for the treatment of NASH. "CRV431 has been investigated in healthy subjects during our Phase 1 program, and more recently in subjects with presumed F2 and F3 NASH in our Phase 2a AMBITION study," commented Todd Hobbs, MD, Hepion's Chief Medical Officer. "Administered once daily as an oral soft gel capsule, CRV431 has been well-tolerated and has shown signals of efficacy in NASH in this early Phase 2 study. We are now looking forward to initiating our larger Phase 2b NASH study, called 'ASCEND-NASH', in biopsy confirmed F2 and F3 NASH subjects in the coming months." Dr. Hobbs continued, "We are keenly aware that there remains an urgent global need to develop NASH-specific therapeutic drugs for this potentially life-threatening condition, for which there are currently no FDA approved drugs. Furthermore, the American Liver Foundation estimates that at least 5% of the U.S. adult population has NASH. As such, we are very pleased to receive the FDA's Fast Track designation and are looking forward to working closely with the Agency as we advance development of CRV431."
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AIN | Hot Stocks08:11 EST Albany International and Safran extend strategic alliance on advanced composites - Safran Aircraft Engines and Albany International announced an agreement extending their partnership to the year 2046. Through this new agreement, the two companies declare their intent to work together on the next generation engines and thus contribute to the 2050 net-zero CO2 emissions commitment of the aviation industry. Bill Higgins, Albany International President and CEO and Jean-Paul Alary, CEO of Safran Aircraft Engines, signed the partnership extension in Villaroche, near Paris. Copyright: R. Alary/Safran. Albany International and Safran signed the original framework agreement in 2006 resulting in the creation of their joint venture for the development of high technology composite parts designed for aircraft engines, landing gears and nacelles. The 3D-woven composite technology designed and developed by Safran in partnership with Albany Engineered Composites, is a major innovation that plays a key role in improving the performance of the new generation LEAP engine of CFM International1, which powers the Airbus A320neo, Boeing 737 MAX and Comac C919 aircraft families. This advanced material is used to manufacture the fan blades, fan case and spacers of the LEAP engine, leading to significant weight savings and contributing to reduced fuel consumption and CO2 emissions of 15 percent. Safran and Albany have also teamed-up to work on the development and production of the GE9X 3D composite fan case for the Boeing 777X. In order to address unprecedented LEAP production ramp-up, the partners have built three state-of-the-art production plants in Rochester in Commercy and in Queretaro . These three sites are dedicated to 3D composite parts and delivered to date more than 130 000 parts of the LEAP engine. "We are pleased to extend our partnership with Safran, building on the success of Albany's proprietary 3D weaving technology and our joint efforts on critical components of the LEAP and GE9X engine programs," said Bill Higgins, Albany International President and CEO. "The goals set for the next-generation of aircraft engines are multi-faceted and technically demanding. Our AEC team is looking forward to further collaboration with our Safran partners to apply our advanced composite technologies to the next generation of aircraft engines that meaningfully raise the bar for fuel-efficiency and contribute to a more sustainable future."
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DATS | Hot Stocks08:11 EST DatChat launches rewards program - DatChat announced the release of the Nirad Points Rewards Program, NRD, with the first 1M users receiving 10,000 NRD Points. Using a "Proof of Participation" protocol, users can earn NRD Points through active participation on the DatChat Social Network+ platform, including creating an account, daily login, adding friends, allowing advertisements, and growing your DatChat network. NRD Points may be used for premium services, upgrades, and ecommerce on the DatChat Social Network+ platform. The first 10M users on the DatChat Social Network+ platform will receive a grant of NRD points for creating and maintaining an account. "We see this as a unique opportunity to vastly accelerate the growth of the DatChat platform by attracting new users that understand and appreciate the importance of blockchain and privacy technology," said Darin Myman, CEO of DatChat. "The Nirad will underpin our blockchain network and power our platform through the engagement of our community."
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VRDN | Hot Stocks08:11 EST Viridian Therapeutics announces inducement grants under Nasdaq listing rule - Viridian Therapeutics announced that a majority of the independent directors serving on the Company's Board of Directors approved the grant of stock options to purchase an aggregate of 180,000 shares of the Company's common stock to two new employees on the date that each employee commences service with the Company. The Inducement Grants have been granted outside of the Company's Amended and Restated 2016 Equity Incentive Plan but remain subject to the terms and conditions of such Plan. The Inducement Grants were granted as an inducement material to these individuals entering into employment with Viridian in accordance with Nasdaq Listing Rule 5635(c)(4). The Inducement Grants have an exercise price per share that is equal to the closing price of Viridian's common stock on the new employee's Grant Date. The Inducement Grants will vest over a four-year period, with 25% of the shares vesting on the one-year anniversary of the date of grant, and thereafter the remainder of the shares vest in 36 equal monthly installments, subject to continued employment through the applicable vesting dates.
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INFA | Hot Stocks08:10 EST Informatica reports Q3 subscription ARR up 36% y/y - "We continued our strong global momentum in the third quarter with subscription ARR growing 36% year-over-year to $736 million, validating our success and expansion as a cloud-first, subscription-led data management leader. Cloud ARR increased by 44% year-over-year to $287 million, a testament to our competitive differentiation and the power of Informatica's Intelligent Data Management Cloud platform to drive meaningful return on investment for our customers and strategic partners," said Amit Walia, CEO at Informatica. "Looking ahead, our priority is to continue to drive growth and product-led innovation, which will allow us to maintain our clear leadership position in a large and growing market."
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EVFM | Hot Stocks08:10 EST Evofem reports successful Type C meeting with the FDA for EVO100 - Evofem Biosciences reported a successful Type C meeting with the FDA in which agreement was reached on the preliminary submission strategy for EVO100 for two investigational indications: the prevention of urogenital chlamydia in women and the prevention of urogenital gonorrhea in women. There are currently no FDA-approved prescription products to prevent either of these sexually transmitted infections, or STIs. Chlamydia and gonorrhea are the two most frequently reported bacterial STIs in the United States. Evofem's pivotal Phase 3 clinical trial of EVO100 for prevention of chlamydia and gonorrhea in women, EVOGUARD, is currently enrolling 1,730 women at study sites across the US. The Company expects to report top-line EVOGUARD data in the second half of 2022. Positive outcomes could support submission to the FDA for these potential indications in the first quarter of 2023, with an anticipated PDUFA date in the second
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ATNX | Hot Stocks08:10 EST Athenex to host KOL webinar on CAR-NKT approach - Athenex announced that it will host a virtual key opinion leader event on its CAR-NKT technology on Monday, December 13th, at 9:00 am ET. The webinar will feature presentations by KOLs Leonid Metelitsa, M.D., and Carlos Ramos, M.D., both from Baylor College of Medicine, and Sattva Neelapu, M.D., from MD Anderson Cancer Center. Dr. Metelitsa will provide an overview of Athenex's CAR-NKT cell-based approaches. Dr. Ramos will discuss the interim data from the ongoing ANCHOR study evaluating KUR-502 in relapsed or refractory lymphoma and leukemia. These data will also be featured in a poster presentation at the American Society of Hematology Annual Meeting and Exposition, being held from December 11th to December 14th. Dr. Neelapu will discuss the current treatment landscape and unmet medical needs in lymphoma/myeloma.
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WPP | Hot Stocks08:09 EST WPP acquires Cloud Commerce Group - WPP announced that it has acquired Cloud Commerce Group, or CCG, a UK-based technology company that helps brands to market, sell and deliver their products across ecommerce platforms and marketplaces globally. The platform powers over GBP 1B in gross merchandise value annually through its various integrations. CCG employs over 100 people across Europe. The company will join the Wunderman Thompson global network as part of its commerce and technology proposition.
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OLMA | Hot Stocks08:09 EST Olema Oncology down 23% after releasing first clinical data on OP-1250 - Shares of Olema Oncology are down 23% at $16.85 in pre-market trading after the company released its first clinical data on OP-1250 that is in development for the treatment of metastatic breast cancer and other women's cancers.
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KTOS | Hot Stocks08:09 EST Kratos Defense receive initial $4M in single award funding on new C5ISR program - Kratos Defense & Security Solutions announced that it has received the initial, approximate $4M in funding on a new, single award, Command, Control, Communication, Computing, Combat System, Intelligence, Surveillance & Reconnaissance, C5ISR, program, with a total potential program value of approximately $75M, including production. Work under this new program award will be performed at secure Kratos production and manufacturing facilities. Due to customer, competitive, security related and other considerations, no additional information will be provided related to this program. Eric DeMarco, President and CEO of Kratos, said, "Kratos is making the internally funded investments required to address our national security customers' most important and time sensitive requirements, with rapid development and fielding of systems that are technologically advanced and relevant to today's environment. We believe that this new, sole source award is representative of Kratos' - listen to the customer, make the investment and provide the solution - organic growth approach."
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IBIO | Hot Stocks08:09 EST iBio says ISS recommends shareholders vote for all proposals at meeting - iBio announced that Institutional Shareholder Services has joined Glass Lewis and Co., in recommending that the Company's stockholders vote "FOR" all proposals put forth in the definitive proxy statement prior to its Annual Meeting of Stockholders to be held on December 9, 2021. The voting recommendations of ISS and Glass Lewis are relied upon by institutional investment firms, mutual funds, and other fiduciaries globally for independent advice on shareholder voting and corporate governance. Neither firm has any business relationship with iBio, and iBio did not engage or compensate them for their analyses or recommendations.
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JAZZ | Hot Stocks08:08 EST Jazz enrolls first patient in Phase 3 clinical trial evaluating Zepzelca - Jazz Pharmaceuticals announced that the first patient was enrolled in a Phase 3 clinical trial evaluating Zepzelca, or lurbinectedin, in combination with the PD-L1 inhibitor Tecentriq, or atezolizumab, as a first-line maintenance treatment for patients with extensive-stage small cell lung cancer, or ES-SCLC. The trial, IMforte, conducted in collaboration with F. Hoffmann-La Roche Ltd, will measure the progression-free survival and overall survival benefits of Zepzelca and Tecentriq administered in combination compared to Tecentriq alone.
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ABBV | Hot Stocks08:08 EST AbbVie submits application to EMA seeking approval for risankizumab - AbbVie announced it has submitted an application to the European Medicines Agency seeking approval for risankizumab for the treatment of patients 16 years and older with moderate to severe active Crohn's disease who have had inadequate response, lost response or were intolerant to conventional or biologic therapy. The submission is supported by three pivotal Phase 3 studies, ADVANCE, MOTIVATE and FORTIFY.
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MCHP | Hot Stocks08:07 EST Microchip announces maXTouch touchscreen controller - As the automotive market continues to demand larger touchscreens with more flexibility in size and shape, Microchip Technology is announcing a new maXTouch touchscreen controller, that allows automotive designers to satisfy various and unique aspect ratios for touch displays in cars. This new offering includes additional functional safety support requested by OEMs. The MXT1296M1T can reconfigure its driving and receiving touch channels to match the exact screen format, from 1:1 to 5:1 aspect ratio, including the popular 8:3 automotive aspect ratio. This feature enables the customer to efficiently use the number of touch channels available, without the need to select a larger, more expensive touch controller. Furthermore, customers can save additional development and validation time and resources by reusing a common PCB design to support different touch sensor aspect ratios. The MXT1296M1T is an industry first to enable the sensor channel reconfiguration by parameters. These settings do not require firmware modification, leading to lower design risk and faster time to market.
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HOTH | Hot Stocks08:07 EST Hoth Therapeutics begins dosing of second cohort in BioLexa clinical trial - Hoth Therapeutics announced that enrollment and dosing has begun for the second cohort in its First in Human clinical trial investigating topical BioLexa for the treatment of mild to moderate atopic dermatitis, also known as eczema. Hoth is conducting the BioLexa clinical trial in Australia. Patient enrollment continues for Phase 1.
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PALI | Hot Stocks08:06 EST Palisade Bio announces EPO granted patent for LB1148 - Palisade Bio announced that the company will be granted a patent from the European Patent Office, EPO, covering its lead investigational drug product, LB1148. The patent will publish on December 22, 2021, and provide protection until 2035. "With the European patent grant, this greatly strengthens the IP protection of our lead drug candidate LB1148 for the global pharmaceutical market. This grant builds upon the corresponding patents in the United States, China, Australia, Japan, India, Mexico, and Taiwan," said Thomas Hallam, Ph.D., CEO of Palisade Bio. "We are continuing to strengthen patent protections for LB1148 and its uses across the globe as we advance our clinical studies with LB1148."
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PANW | Hot Stocks08:06 EST Palo Alto Networks, GTT partner to power SASE Platform - GTT Communications has announced a managed security service partnership with Palo Alto Networks to power its new SASE platform that will enhance the security, efficiency and control functionality of enterprise networks. The partnership will leverage industry-leading networking and security capabilities of the two companies to fortify the security of network access and use of cloud applications from any location and any device as enterprises adapt their networks to the more dynamic requirements of a hybrid workforce. IDC estimates that 53% of workers are planning to continue to work remotely or adopt a hybrid home-office arrangement as a result of the pandemic. The new GTT SASE platform, which utilizes Palo Alto Networks Prisma Access, will deploy a comprehensive set of security features into a single cloud-delivered platform that protects all application traffic, providing seamless connectivity to GTT's global Tier 1 network for the best possible application performance and user experience for customers. The integrated networking and security functions reduce complexity, increase centralized control and efficiency, improve network performance and latency, and enable businesses to adopt a zero-trust network access approach that mitigates security vulnerabilities that can result from a work-from-anywhere model. With the new GTT SASE platform, users will gain access to the network based on their identity, device and application - rather than the IP address or physical location - enabling seamless and secure networking between users, private and public clouds, and the enterprise data center.
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ZEV | Hot Stocks08:06 EST Lightning eMotors appoints Marci Fouts as Chief People Officer - Lightning eMotors announced that Marci Fouts, CCP, SPHR, has joined the company as Chief People Officer, CPO. On January 14 the FCC granted a waiver of certain legacy rules in the 450 MHz Air-Ground Radio band. The FCC provided relief of the rule requiring a minimum transmit power of four watts for the aviation radio. By allowing lower transmit power, the frequency band becomes viable for more highly scaled Unmanned Aerial Systems and Drones. The lower allowable transmit power reduces the size of the power amplifier, one of the main drivers of size and weight of aviation radios. A lighter radio allows for longer flight times before refueling or recharging, while lower transmit power allows for greater frequency reuse. "We are very proud to have delivered our first radio for the licensed Air-Ground Frequency Band based on the FCC's waiver," stated Eric Brock, CEO of Ondas Networks. "The Mercury Radio is another example of innovation being driven by Ondas Networks to enable highly scaled unmanned aerial systems. Our field-tested command and control capabilities, along with our support for multiple licensed frequencies, will provide operators throughout the drone ecosystem with a new option in the 450 MHz band and other bands supporting air to ground communication," concluded Mr. Brock.
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AUTO | Hot Stocks08:05 EST AutoWeb expands CarZeus vehicle acquisition business into Austin, Texas - AutoWeb has expanded its CarZeus vehicle acquisition business into the Austin, Texas market, thereby extending its consumer-focused vehicle acquisition service beyond its original San Antonio, Texas market. "We are excited to expand our vehicle acquisition service into the Austin market and continue our efforts to scale and enhance this exciting offering. This will allow us to cater to the needs of consumers in a second community in Texas," said Jared Rowe, president and CEO of AutoWeb. "The acquisition of CarZeus represents another step in our transformation from automotive digital media provider to transactionally-focused matchmaker. What we do best is identify consumers' preferences and then match them with a service provider that can best accommodate their specific needs during the complex and multi-choice transaction of purchasing and disposing of vehicles. CarZeus is already benefitting from AutoWeb's highly efficient and scalable ability to engage and curate an audience of vehicle disposal intenders, and we intend to build upon this momentum." The CarZeus segment of AutoWeb's business operations purchases vehicles directly from consumers and resells them through wholesale channels to deliver improved value to both dealers and consumers.
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BNED | Hot Stocks08:05 EST Barnes & Noble Education expects to generate positive adjusted EBITDA in FY22 - The company said, "While it is difficult to predict the ongoing effects of the COVID virus, based on its current views, the Company expects to generate positive non-GAAP Adjusted EBITDA in fiscal year 2022, as most schools return to a traditional on-campus environment for learning, events and sporting activities. The Company expects non-GAAP adjusted EBITDA to approach annual pre-COVID levels in fiscal year 2023, based on an expectation that campuses will be able to resume on campus learning, events and sporting activities with substantially less-restrictive COVID-related policies and operating protocols next year, and that there are fewer negative impacts from the broader supply chain issues."
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INO | Hot Stocks08:05 EST Inovio is evaluating use of vaccine candidates against omicron variant - INOVIO announced the company is rapidly moving to evaluate its COVID-19 DNA vaccine candidates INO-4800 and INO-4802 against the emerging B.1.1.529, or omicron, variant of concern. Concurrently, INOVIO has initiated pre-clinical development of an Omicron-specific DNA vaccine candidate and will progress if needed. The omicron variant of SARS-CoV-2 is the latest variant to emerge, following previous variants of concern, or VOCs, Alpha, Beta, Gamma and Delta. Notably, INO-4800 has maintained T cell responses against these previously identified VOCs as well as the ability to generate binding and neutralizing antibodies against them. Generally, T cell immune responses are less likely to be evaded by multiple mutations, and the ability to generate a strong T cell response is likely to play a crucial role in reducing mortality and the severity of symptoms in those infected. More specifically, Omicron mutations at the T cell level is predicted to be only 2%, supporting that majority of the T cell epitopes induced by T cell generating vaccines such as INO-4800 will likely remain capable of targeting this variant.
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KDNY | Hot Stocks08:04 EST Chinook Therapeutics announces formation of SanReno Therapeutics - Chinook Therapeutics announced the formation of SanReno Therapeutics, a joint venture with an investor syndicate led by Frazier Healthcare Partners and Pivotal bioVenture Partners China, to develop, manufacture and commercialize kidney disease therapies in the People's Republic of China, Hong Kong, Macau, Taiwan and Singapore. Under the terms of the joint venture, Chinook has granted SanReno exclusive rights to develop and commercialize atrasentan and BION-1301 in the Territory in exchange for 50% ownership of SanReno. An investor syndicate led by Frazier Healthcare Partners and Pivotal bioVenture Partners China, along with existing Chinook investors Versant Ventures and Samsara BioCapital, has invested $40M in exchange for the remaining 50% ownership of SanReno. In addition to its equity stake, Chinook is entitled to receive progress-dependent milestone payments and royalties with respect to atrasentan and BION-1301. SanReno will be responsible for all development, manufacturing and commercialization costs for atrasentan and BION-1301 in the Territory, while Chinook will supply clinical trial material and technical support until manufacturing technology transfer has been completed. Chinook retains full rights to atrasentan and BION-1301 outside of the Territory.
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LIFE | Hot Stocks08:02 EST aTyr Pharma, FUJIFILM Diosynth announce manufacturing agreement - aTyr Pharma and FUJIFILM Diosynth Biotechnologies announced a manufacturing agreement for ATYR1923, aTyr Pharma's lead therapeutic candidate that is currently in clinical development for pulmonary sarcoidosis, a major form of interstitial lung disease, ILD. Under the terms of the agreement, FUJIFILM Diosynth Biotechnologies will support process development and scale up of ATYR1923, including the manufacture of bulk drug substance for additional clinical trials in ILD. These activities are anticipated to lay the foundation for additional process characterization and validation activities to support a new Biologics License Application for ATYR1923, and expand the manufacturing capability of ATYR1923 to support commercial demand. "We are very pleased to work with FUJIFILM Diosynth Biotechnologies as we advance ATYR1923 to late-stage clinical development," Sanjay Shukla, M.D., M.S., president and chief executive officer of aTyr Pharma. "The ability to work with a leading, commercially capable CDMO such as FUJIFILM Diosynth Biotechnologies, particularly as it expands its capacity and capabilities across its global network, is an opportunity to ensure the continuity of the supply of ATYR1923 to fulfill future needs for our clinical program in ILD."
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ATY | Hot Stocks08:02 EST AcuityAds appoints Elliot Muchnik as CFO - AcuityAds Holdings announced the appointment of Elliot Muchnik as CFO. Muchnik joins AcuityAds from Richardson Wealth Limited, one of Canada's largest, regulated independent wealth management firms with over $35B in assets under administration, where he served as CFO and Corporate Secretary since 2007. During his tenure with Richardson Wealth, Muchnik helped lead the company to exponential revenue growth. Previously, he was a Senior Vice President and Managing Director at BMO Nesbitt Burns. Muchnik holds a Bachelor of Business Administration from York University. Muchnik will succeed Tatiana Kresling, who has served as the Company's Interim CFO since September 2021.
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BKYI | Hot Stocks08:01 EST Grand Rapids Community College selects BIO-key's PortalGuard - BIO-key International announced Grand Rapids Community College has selected its PortalGuard IAM solution to provide its users with strong authentication security and seamless access to mission-critical applications and data at its campuses located throughout western Michigan.
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CBNK | Hot Stocks07:56 EST Capital Bank expands OpenSky card offering to consumers - OpenSky, the digital banking division of Capital Bank, is pleased to announce the expansion of its product offering with the addition of the OpenSky Visa Gold Card. The OpenSky Gold Card is an unsecured credit card that complements the highly rated OpenSky Secured Visa Credit Card. This new addition offers an uninterrupted experience for OpenSky customers who can now more easily continue in their journey from secured to partially secured to unsecured credit card.
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NGL | Hot Stocks07:54 EST NGL Energy Partners CEO buys $200.8K in common stock - In a regulatory filing, NGL Energy Partners disclosed that its CEO Michael Krimbill bought 100K shares of common stock on November 29th in a total transaction size of $200.8K, boosting his stake by about 2%. Shares of NGL Energy Partners are up 1.5% in pre-market trading.
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MEIP | Hot Stocks07:51 EST MEI Pharma announces 70.3% ORR in TIDAL study evaluating zandelisib - MEI Pharma and Kyowa Kirin announced that the pivotal Phase 2 TIDAL study evaluating zandelisib as a single agent for follicular lymphoma, or FL, patients who received at least two prior systemic therapies demonstrated a 70.3% objective response rate, or ORR, as determined by Independent Review Committee, or IRC, assessment in the primary efficacy population. In addition, 35.2% of patients achieved a complete response. The data are currently insufficiently mature to accurately estimate duration of response, or DOR. In line with previously reported data from the Phase 1B study, zandelisib was generally well tolerated. With 9.4 months median duration of follow-up in the total study population, interim data demonstrated a discontinuation rate due to any drug related adverse event of 9.9%. Patients enrolled in the study will continue to be followed for safety and DOR. Zandelisib is an investigational selective phosphatidylinositol 3-kinase delta inhibitor in clinical development for the treatment of B-cell malignancies. The ongoing TIDAL study is a global, open-label Phase 2 trial evaluating zandelisib as a single agent across two disease cohorts: the first cohort for the treatment of adults with r/r FL and the second cohort for r/r marginal zone lymphoma, in both cases after failure of at least two prior systemic therapies, including chemotherapy and an anti-CD20 antibody. Enrollment in the FL cohort is complete; enrollment in the MZL cohort is ongoing. Subject to the results and discussion with the FDA, TIDAL study data from each study cohort are intended to be submitted to the FDA to support accelerated approval marketing applications. The r/r FL cohort enrolled a total of 121 patients, 91 of which were enrolled in the primary efficacy population for the evaluation of ORR and DOR. The median age of patients with FL was 64 years old. Patients enrolled in both the FL primary efficacy and total patient populations received a median of three prior lines of treatment. Patients were administered zandelisib once daily for two 28-day cycles as response induction therapy, followed thereafter by once daily dosing for the first seven days of each subsequent 28-day cycle, a schedule called Intermittent Dosing Therapy, or IDT. The ORR in the 91 patients with r/r FL enrolled in the primary efficacy population was 70.3%, 95% CI of 59.8, 79.5, as assessed by IRC after a minimum follow-up of six months; the complete response rate was 35.2%, 95% CI of 25.4, 45.9. The ORR represents the primary endpoint of the TIDAL study. As of the data cutoff date, the data are not sufficiently mature to accurately estimate the final DOR in the FL primary efficacy population, a secondary outcome measure of the TIDAL study. However, with a median follow-up time for response of 8.4 months, the median DOR had not been reached. The data cutoff date is approximately six months after the last patient in the primary efficacy population received their first dose of zandelisib. Zandelisib appeared generally well-tolerated in the total TIDAL study population through the data cutoff date. The safety observed in TIDAL was consistent with data previously reported from the Phase 1B study evaluating zandelisib in patients with B-cell malignancies as a single agent or in combination with rituximab. As of the data cutoff date, with a median follow up of 9.4 months in the total FL study population, the incidence of Grade 3 Adverse Events of Special Interest were: 1.7% ALT/AST elevation, 1.7% colitis, 5% diarrhea, 2.5% mucositis, 0.8% pneumonitis, and 3.3% rash. The discontinuation rate due to any drug related adverse event in the group was 9.9%, also as of the data cutoff date. A more complete report of the TIDAL data as of the data cutoff date will be submitted for presentation at upcoming scientific congresses in 2022.
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ID | Hot Stocks07:43 EST Parts iD launches EV specialty shop on CARiD.com - PARTS iD announced the launch of an EV Specialty Shop on its flagship retail site CARiD.com. The Specialty Shop includes EV-specific accessories such as charging equipment, mechanical repair, maintenance and electrical parts as well as popular accessories in vehicle customization categories such as body kits, performance suspension systems and custom wheels and tires. "The launch of our EV Specialty Shop is an exciting accomplishment for our team. We've offered EV parts across a variety of categories for some time and can now provide our customers with a more convenient way to search and shop for these items," said Nino Ciappina, CEO of PARTS iD, "Regardless of their vehicle's power plant, customers can turn to PARTS iD's broad, reliable inventory, and industry know-how when outfitting and repairing their vehicles. With the introduction of a dedicated EV Shop, we are taking the lead by providing EV drivers with direct access to the parts and accessories they want. We have already seen that contrary to what some might think, EV owners are just as interested in accessorizing and upgrading their vehicles as our customers driving gas-engine vehicles."
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DSS | Hot Stocks07:42 EST Document Security announces launch of DSS AmericaFirst Quantitative Funds - DSS announced the launch of DSS AmericaFirst Quantitative Funds. DSS AmericaFirst Quantitative Funds is a suite of mutual funds managed by DSS Wealth Management that expects to expand into numerous investment platforms including additional mutual funds, exchange-traded funds, unit investment trusts, and closed-end funds. DSS AmericaFirst Quantitative Funds currently consists of four mutual funds: The DSS AmericaFirst Income Trends Fund, DSS AmericaFirst Defensive Growth Fund, DSS AmericaFirst Risk-On Risk-Off Fund, and DSS AmericaFirst Large Cap Buyback Fund. "Our funds are deploying groundbreaking technologies to provide investors access to innovative quantitative investment opportunities," stated Frank Heuszel, CEO of DSS. "We see substantial growth opportunities in each of these platforms as we capitalize on building and expanding upon an established distribution infrastructure."
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ONDS | Hot Stocks07:41 EST Ondas gets FCC okay for nationwide licensed 450 MHz air-ground frequency band - Ondas Holdings announced that Ondas Network's Mercury Radio has been authorized for use in the nationwide licensed 450 MHz Air-Ground frequency band. The new radio conforms to the lower transmit power allowed by the FCC waiver for the licensed Air-Ground Frequency Band. On January 14 the FCC granted a waiver of certain legacy rules in the 450 MHz Air-Ground Radio band. The FCC provided relief of the rule requiring a minimum transmit power of four watts for the aviation radio. By allowing lower transmit power, the frequency band becomes viable for more highly scaled Unmanned Aerial Systems and Drones. The lower allowable transmit power reduces the size of the power amplifier, one of the main drivers of size and weight of aviation radios. A lighter radio allows for longer flight times before refueling or recharging, while lower transmit power allows for greater frequency reuse. "We are very proud to have delivered our first radio for the licensed Air-Ground Frequency Band based on the FCC's waiver," stated Eric Brock, CEO of Ondas Networks. "The Mercury Radio is another example of innovation being driven by Ondas Networks to enable highly scaled unmanned aerial systems. Our field-tested command and control capabilities, along with our support for multiple licensed frequencies, will provide operators throughout the drone ecosystem with a new option in the 450 MHz band and other bands supporting air to ground communication," concluded Mr. Brock.
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REGN | Hot Stocks07:40 EST Regeneron says antibody-conveyed immunity may be reduced against omicron - Regeneron said it is evaluating REGEN-COV against the omicron variant, "as we routinely do with new World Health Organization-designated variants of concern." The company stated: "The current U.S. Food and Drug Administration Fact Sheet and multiple separate analyses, including a publication in Cell, affirm that REGEN-COV retains potency against the main variants of concern currently circulating within the U.S., including Delta, which remains the predominate strain in the U.S. today. It is important that high-risk patients who are diagnosed with COVID-19 are aware of current authorized treatment options and seek out these therapies early in the course of their infection. To date, there have been no direct data testing the Omicron variant's resistance to vaccine-induced and monoclonal antibody-conveyed immunity. Prior in vitro analyses and structural modeling regarding the individual mutations present in the Omicron variant indicate that there may be reduced neutralization activity of both vaccine-induced and monoclonal antibody-conveyed immunity, including the current REGEN-COV antibodies. Further analyses are ongoing to confirm and quantify this potential impact using the actual Omicron variant sequence. Regeneron has one of the largest collections of fully human monoclonal antibodies targeting SARS-CoV-2, including its current REGEN-COV cocktail and multiple additional antibodies. The first of these additional investigational candidates has already entered into clinical trials, with others nearing clinic readiness. Preliminary analyses suggest that several of these next generation antibodies may have the potential to retain activity against the Omicron variant, as well as the other existing variants of concern. Further in vitro data is expected over the next month." Reference Link
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CGTX | Hot Stocks07:38 EST Cognition Therapeutics to host R&D symposium on December 7 - Cognition Therapeutics will hold a virtual R&D symposium on December 7, 2021, from 10:00am - 12:00pm ET. The event will feature a presentation on dementia with Lewy bodies pathology, treatment and patient burden by leaders in the DLB community. In addition, members of the Cognition management team will review the Company's plans to advance a small molecule sigma-2 modulator for the treatment of DLB.
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PSN | Hot Stocks07:38 EST Parsons comments on the signing of the Bipartisan Infrastructure Deal - Parsons Corporation announced it "applauds the signing of the Bipartisan Infrastructure Deal, citing its importance to the future of infrastructure and economic growth in the United States." "The passage of the bipartisan Infrastructure Bill represents an important investment in our nation's future," said Carey Smith, president and chief executive officer of Parsons. "With investments in transportation, power, broadband, and water infrastructure, along with safety, resiliency and cyber initiatives, the new national infrastructure strategy will not only address immediate emergency needs but help improve our national economy. As an industry, we have advanced in digital technologies and smart infrastructure, so this bill is our chance as a nation to not only Build Back Better but Build Back Smarter. We look forward to unleashing Parsons' more than 77 years of broad expertise across the full infrastructure domain and our resilient infrastructure capabilities to help rebuild and secure our nation."
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BERY | Hot Stocks07:37 EST Berry Global issues statement in response to Ancora Holdings letter - Berry Global issued the following statement regarding the letter publicly released by Ancora Holdings: "Berry Global's Board of Directors and management team are committed to acting in the best interest of the Company and its shareholders, and our regular engagement with investors supports our goal of enhancing value. While it is the Company's policy not to comment on interactions with specific shareholders, it is important to note that members of Berry's management team have held several discussions with representatives of Ancora over the past year to better understand their views. We have continued to focus on driving consistent and sustainable long-term growth through strategic portfolio management and a flexible capital allocation strategy while also working diligently to offset the challenges created by COVID, inflation, labor and supply chains. We have successfully achieved our targets over the past several years and expect to drive our third consecutive year of positive organic growth in fiscal 2022. We continue to build and maintain our world-class, low-cost, manufacturing base, with an emphasis on investment in key growth markets and regions. Our robust, stable and dependable cash flow enables us to return capital to shareholders at favorable terms, while continuing to execute a flexible capital allocation strategy focused on additional opportunistic share repurchases, the paydown of debt and strategic acquisitions or value-enhancing strategic investments. The Berry Board and management team remain committed to constructive engagement with all shareholders and are always open-minded to ideas that may enhance shareholder value."
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TGTX | Hot Stocks07:37 EST TG Therapeutics says FDA plans to host ODAC meeting on U2 BLA/sNDA - TG Therapeutics announced the U.S. Food and Drug Administration has notified the Company that it plans to host a meeting of the Oncologic Drugs Advisory Committee in connection with its review of the pending Biologics License Application/supplemental New Drug Application for the combination of ublituximab and UKONIQ for the treatment of adult patients with chronic lymphocytic leukemia and small lymphocytic lymphoma. In general, the ODAC reviews and evaluates data concerning the safety and effectiveness of marketed and investigational human drug products for use in the treatment of cancer and makes appropriate recommendations to the Commissioner of Food and Drugs. Although the FDA will consider the recommendation of the ODAC Committee, the final decision regarding the approval of a product is made solely by the FDA. The FDA has notified the Company that potential questions and discussion topics for the ODAC include: the benefit-risk of the U2 combination in the treatment of CLL or SLL, and the benefit-risk of UKONIQ in relapsed/refractory marginal zone lymphoma or follicular lymphoma. In addition, as part of the benefit-risk analysis, the overall safety profile of the U2 regimen, including adverse events, discontinuations due to adverse events, and dose modifications, is expected to be reviewed. The FDA's concern giving rise to the ODAC meeting appears to stem from an early analysis of overall survival from the UNITY-CLL trial. Overall survival was designated as a secondary efficacy outcome in the UNITY-CLL protocol but was not part of the primary analysis in accordance with the study's statistical analysis plan agreed upon via a Special Protocol Assessment, and therefore, was not analyzed or included in the BLA/sNDA. Additionally, the study was not powered for overall survival. As part of the ongoing review of the BLA/sNDA, the FDA requested an early analysis of overall survival from the UNITY-CLL trial. As of September 2021, the cut-off date for the overall survival analysis requested by the FDA during their review, there was an imbalance in favor of the control arm (HR: 1.23) though this result was not statistically significant. However, when excluding deaths related to COVID-19, the two arms were approximately balanced (HR: 1.04) with again no statistically significant difference between the treatment groups with regard to overall survival. The overall survival results are preliminary and the Company will continue to evaluate this endpoint over time as more events are available and will continue to analyze how COVID-19 may be impacting the analysis. The date of the ODAC meeting has not yet been determined, although the FDA has stated that it is targeting holding the ODAC in March or April 2022. Given this timing, we believe it is unlikely that the FDA will make a decision on the BLA/sNDA by the PDUFA goal date of March 25, 2022.
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HUT | Hot Stocks07:36 EST Hut 8 Mining appoints Raymond Chabot Grant Thornton as new auditor - Hut 8 Mining announces that its board of directors has approved a change of the Company's auditor. The Company's former auditor, Dale Matheson Carr-Hilton Labonte has resigned on its own initiative prior to the expiry of their term in office, effective as of November 16. The Board and the audit committee of the Board have appointed Raymond Chabot Grant Thornton as the successor auditor of the Company, effective as of November 30. There were no disagreements or unresolved issues with the Former Auditor on any matter of the audit scope or procedures, accounting principles or policies, or financial statement disclosure.
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AVCNF | Hot Stocks07:36 EST Avicanna enters into intellectual property licensing, distribution agreement - Avicanna announces that it has entered into a partnership with an established Argentine pharmaceutical company to register and commercialize Avicanna's proprietary cannabinoid-based pharmaceutical preparations through the licensing of its intellectual property and supply of its active pharmaceutical ingredients, API. Through the partnership Avicanna will provide a non-exclusive license of the Company's intellectual property related to its proprietary 10% cannabidiol, CBD, pharmaceutical drug preparation. Additionally, the partner will source its pharmaceutical-grade CBD exclusively from Avicanna to manufacture the product for the registration and marketing authorization with the Argentine regulatory agency ANMAT. The marketing authorization of the pharmaceutical preparation is expected to be approved during the second half of 2022 and is expected to be supported with claims related to treatment of epilepsy. "We look forward to entering the Argentine market through a pharmaceutical pathway and to be doing so by delivering our proprietary formulations as solution to patients with unmet medical needs. We are rapidly expanding into the region with innovative and accessible cannabinoid-based pharmaceutical products and are doing so through partnership with reputable industry leaders," stated Lucas Nosiglia, President of Avicanna LATAM.
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DM | Hot Stocks07:35 EST Desktop Metal awarded preliminary injunction versus SprintRay in patent dispute - Desktop Metal announced the Hamburg District Court in Germany issued a preliminary injunction against SprintRay Europe GmbH in a patent infringement suit brought by EnvisionTEC GmbH in August 2021. The preliminary injunction prohibits SprintRay from selling, importing, using or keeping any product in Germany which infringe the asserted patent claims. The suit was brought based on a number of European patents, granted in Germany and other countries, which cover an apparatus and process for layer separation in 3D printing. "We are very happy with the Court's decision; it confirms that SprintRay's Pro 95 and Pro 55 printer models infringe EnvisionTEC's patented layer separation process," said Michael Jafar, CEO of Desktop Health. "Desktop Metal's commitment to R&D in hardware, software and material science have resulted in over 650 issued patents and pending patent applications worldwide, which we intend to vigorously enforce."
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NEE NEP | Hot Stocks07:34 EST NextEra Energy to sell 50% stake in renewables project to third party - NextEra Energy (NEE) announced that a subsidiary of NextEra Energy Resources, LLC has entered into an agreement to sell a 50% non-controlling interest in an approximately 2,520 megawatt portfolio of long-term contracted renewables assets to the Ontario Teachers' Pension Plan Board. The remaining 50% interest in the portfolio is under an agreement to be sold by NextEra Energy Resources to NextEra Energy Partners, LP (NEP) pursuant to a purchase and sale agreement executed on Oct. 21, 2021 between a subsidiary of NEP and a subsidiary of NextEra Energy Resources. The sale proceeds are expected to be redeployed into new wind, solar and battery storage growth opportunities, including NextEra Energy Resources' more than 18,000-MW renewables and storage backlog. This attractive capital recycling opportunity provides significant value to NextEra Energy Resources and highlights the value of its renewables development platform. Over the operating life of the assets in the portfolio, NextEra Energy Resources is also expected to receive ongoing annual fee income of approximately $16M in year one and escalating thereafter for operations, maintenance and management services, and the transaction is expected to be accretive to earnings and generate an overall improvement in net present value for NextEra Energy shareholders. NextEra Energy expects to sell the interests in the assets for a total consideration of approximately $849M, subject to working capital and other adjustments, plus the investor's share of the portfolio's total tax equity financings, which is estimated to be approximately $866M at the time of closing. NextEra Energy expects to close the transaction later this year or in early 2022, subject to customary closing conditions and receipt of certain regulatory approvals.
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CYBN | Hot Stocks07:34 EST Cybin announces FDA authorization for psychedelic-assisted psychotherapy - Cybin announced that the FDA has authorized an investigator-initiated randomized, placebo-controlled Phase 2 clinical trial evaluating psychedelic-assisted psychotherapy with psilocybin for frontline clinicians experiencing COVID-related distress. The trial will be conducted at the University of Washington and will aim to treat symptoms of depression, anxiety, burnout and post-traumatic stress among frontline doctors, nurses and healthcare professionals. The trial's primary investigator received an investigational new drug, or IND, approval letter from the FDA, which provides authority to proceed with the Phase 2 trial. Further to the authorization from the FDA, the study has also received Institutional Review Board approval at the University of Washington. This investigator-initiated trial will be hosted in Seattle, a city significantly impacted by the COVID-19 pandemic and will be funded by multiple organizations.
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HTBX | Hot Stocks07:34 EST Heat Biologics unveils RapidVax, a novel cellular vaccine platform - Heat Biologics unveiled its new RapidVax cellular vaccine platform at the 2021 World Antiviral Congress. RapidVax is designed as a rapid programmable vaccine to target a range of emerging biological threats. Heat is showcasing a poster presentation highlighting RapidVax at the World Vaccine & Immunotherapy Congress West Coast and World Antiviral Congress, November 30 to December 2, 2021. RapidVax is designed to enable an accelerated response to a wide variety of infectious agents by providing a flexible "plug and play" vaccine platform that can be stockpiled in advance, and then rapidly customized, manufactured, and deployed to address imminent and future biological threats. This platform has the potential to shorten the timelines needed to develop and test novel vaccines against emerging infectious agents. Jeff Wolf, Chief Executive Officer of Heat, commented, "We are excited to unveil RapidVax, a potentially disruptive approach that leverages our vast experience developing our gp96 platform in both cancer and infectious disease. Heat has treated over 250 patients using its gp96 platform in multiple oncology clinical trials. Furthermore, our gp96-based cellular vaccines demonstrated prophylactic protection in mice and primate models against a range of infectious threat agents, including malaria, HIV/SIV, Zika and SARS-CoV-2 in multiple DOD and NIH-funded studies. The emergence of COVID-19 variants, such as Omicron, further highlights the urgent need for a novel cellular vaccine platform designed to provide a rapid, safe, and effective response to biological threats. We also look forward to leveraging the relationships, experience, and knowledge across our Biothreat Advisory Board as we advance the RapidVax platform."
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PTN | Hot Stocks07:33 EST Palatin receives allowance of application for melanocortin therapy patent - Palatin Technologies announced that the U.S. Patent and Trademark Office has issued a Notice of Allowance for application No.: 16/927,347. The allowed claims relate to the use of melanocortin peptides to decrease pro-inflammatory cytokine production and expression associated with cytokine storm, a dysregulation of the immune system characterized by undesired cytokine expression. This patent is in a family of patents relating to melanocortin receptor-1 peptides and covers additional intellectual property relating to use of high potency melanocortin receptor-1 peptides.
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NEE NEP | Hot Stocks07:33 EST NextEra Energy to sell 50% stake in renewables project to third party - NextEra Energy (NEE) announced that a subsidiary of NextEra Energy Resources, LLC has entered into an agreement to sell a 50% non-controlling interest in an approximately 2,520 megawatt portfolio of long-term contracted renewables assets to the Ontario Teachers' Pension Plan Board. The remaining 50% interest in the portfolio is under an agreement to be sold by NextEra Energy Resources to NextEra Energy Partners, LP (NEP) pursuant to a purchase and sale agreement executed on Oct. 21, 2021 between a subsidiary of NEP and a subsidiary of NextEra Energy Resources. The sale proceeds are expected to be redeployed into new wind, solar and battery storage growth opportunities, including NextEra Energy Resources' more than 18,000-MW renewables and storage backlog. This attractive capital recycling opportunity provides significant value to NextEra Energy Resources and highlights the value of its renewables development platform. Over the operating life of the assets in the portfolio, NextEra Energy Resources is also expected to receive ongoing annual fee income of approximately $16M in year one and escalating thereafter for operations, maintenance and management services, and the transaction is expected to be accretive to earnings and generate an overall improvement in net present value for NextEra Energy shareholders.
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ZLAB | Hot Stocks07:32 EST Zai Lab announces topline results from Phase 3 PRIME study of ZEJULA - Zai Lab announced that the Phase 3 PRIME study of ZEJULA as maintenance therapy met its primary endpoint. ZEJULA demonstrated a statistically significant and clinically meaningful progression-free survival benefit with a tolerable safety profile in Chinese patients with newly diagnosed advanced epithelial ovarian, fallopian tube, or primary peritoneal cancer following a response to platinum-based chemotherapy, regardless of biomarker status. "The PRIME clinical data in Chinese patients confirmed the clinical profile of ZEJULA and were consistent with the results seen in the global PRIMA study," said Alan Sandler, M.D., President and Head of Global Development, Oncology, Zai Lab. "Importantly, the PRIME study further underscores the status of ZEJULA as the first and only PARP inhibitor approved globally, including in China, as monotherapy for all-comer patients in the first-line maintenance treatment settings."
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CMI | Hot Stocks07:32 EST Cummins invests in Sion Power to develop lithium metal technology - Cummins has entered into an agreement with Sion Power, a developer of high-energy rechargeable battery technology, to design and supply battery cells based on their proprietary lithium metal technology for commercial vehicle applications. In connection with the agreement, Cummins has made an investment in Sion Power. The investment provides Cummins a minority stake in Sion Power, allows Sion Power to further develop their lithium metal technology for the commercial vehicle market, and positions both companies for success in the future commercialization of the technology. Under the agreement, Sion Power will engage in a multi-year development program to design and supply large-format lithium metal battery cells for use in Cummins battery packs. The batteries developed by Cummins will be integrated in its electric powertrains for commercial vehicles.
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GILT | Hot Stocks07:20 EST Gilat Satellite announces follow-on order for $5M from Tier-1 terminal provider - Gilat Satellite Networks announced a follow-on order of over $5M from a Tier-1 US global military terminal provider for Solid State Power Amplifiers, SSPAs, for satellite communication, SATCOM, terminals sold to militaries throughout the world. Further contract expansion for Wavestream MicroStream SSPAs is expected in the near future. Gilat's fully-owned subsidiary, Wavestream, will provide tightly integrated MicroStream frequency conversion/amplifier units. Wavestream's MicroStream Ka-band SSPAs were chosen because they efficiently meet the exacting SWaP requirements most essential for tactical and expeditionary military users.
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DIIBF | Hot Stocks07:19 EST Dorel Home closes Notio Living acquisition for $19M - Dorel Industries announced it has completed its previously-announced acquisition of Notio Living. Dorel Home, a segment of Dorel Industries, is buying the Danish-based company for approximately $19M. Notio Living markets thousands of products sourced from around the world, has been in the home furnishings business for 25 years and operates throughout Europe with a strong presence in the ecommerce market.
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OSUR | Hot Stocks07:18 EST OraSure announces it remains committed to fighting HIV - OraSure Technologies announced its plans for World AIDS Day. Commemorated annually on December 1, the U.S. Government's theme for this year's World AIDS Day is "Ending the HIV Epidemic: Equitable Access, Everyone's Voice." "When we look back at the past 40 years, we see a disease that was unfortunately often politicized and placed in a cultural context, as opposed to being recognized as a critical public health risk, frequently to the great detriment of the many affected marginalized communities," said OraSure President and CEO, Stephen Tang, Ph.D. "However, through multi-stakeholder collaboration between public and private organizations, great progress has been made during the past 40 years with regard to prevention, diagnosis, linkage to care and treatment. OraSure is proud to be an innovator in the field of HIV, and a global leader in driving simple point-of-care testing and awareness."
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CROJF | Hot Stocks07:17 EST Marimaca Copper reports metallurgical results from variablity testing program - Marimaca Copper is pleased to announce results of the variability test work metallurgical progra for the Company's flagship Marimaca Copper Project, located in northern Chile. The variability test work was completed as a component of the Company's ongoing Phase 5 Metallurgical program and additional associated studies, which are expected to be completed in early Q1 2022. The ongoing 2021 metallurgical campaign is focused on finalizing the metallurgical characterization of the Project to a bankable level and builds on the results from the Phase 4 Metallurgical program. The Variability Program was designed to investigate the variability of the Marimaca ore body by assessing copper recovery, acid consumption and impurity dissolution characteristics within each mineralogical domain. This Program represents an important de-risking milestone for Marimaca by increasing certainty and predictability of the metallurgical response for each ore type and spatially across the deposit, and to refine process design criteria prior to the Feasibility Study targeted for 2022. Highlights: Results from the Variability Program demonstrate uniform metallurgical behaviour within each mineral zone when considering acid consumption and copper recoveries; A total of 412 composites across each of the 5 mineral zones within the Marimaca Mineral Resource were analyzed; Results significantly improve the resolution of the Marimaca geo-metallurgical model and will allow for rigorous modeling of recovery and acid consumption across mine blocks ahead of the planned 2022 Feasibility Study; The Program is a core component of the Company's Phase 5 metallurgical testing program, the second program undertaken since the 2020 Preliminary Economic Assessment, which projected average life of mine metallurgical recoveries in the heap leach of approximately 76%; For the oxide mineral zones, recoveries generally exceeded the solubility ratio and leaching potential of the samples, indicating a potentially larger proportion of the copper is acid soluble and will be recovered in commercial-scale heap leaching; The Variability Program represents a significant de-risking milestone and will form the basis for defining recovery and processing assumptions for Feasibility Study and eventual operational mine plans; MOD infill drilling is underway, and MOD Depth Extension infill drilling is currently being planned.
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LAD | Hot Stocks07:17 EST Lithia & Driveway increases share repurchase program by $750M - Lithia & Driveway announced an increase of $750M to its share repurchase authorization by its Board of Directors, bringing total funds available for future repurchases to approximately $885M. Driveway Finance completed its inaugural issuance of securities backed by its originated auto loan portfolio, raising $344M of additional capital to fund the rapid growth of its auto loan portfolio and network development. Driveway Finance originations now account for approximately 5% of LAD's overall business and is expected to grow to 15% in the coming years. This growing income stream further diversifies LAD's business model, expands profitability, and enhances consumer loyalty with Lithia stores, Driveway and GreenCars brands.
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TALS | Hot Stocks07:16 EST Talaris Therapeutics announces initiation of Phase 2 clinical trial of FCR001 - Talaris Therapeutics announced the initiation of the company's Phase 2 FREEDOM-3 trial in diffuse cutaneous systemic sclerosis, dcSSc, a severe form of the rare autoimmune disease scleroderma. This trial will explore the safety of the company's investigational allogeneic cell therapy, FCR001, delivered with non-myeloablative conditioning, in these patients, as well as its potential to halt the progression of organ damage or induce clinical remission in individuals with dcSSc. "Currently there are no approved, disease-modifying therapies for dcSSc. While there is encouraging data that suggests that patients with dcSSc could benefit from autologous hematopoietic stem cell transplant, the myeloablative conditioning generally associated with those treatment protocols poses considerable safety risks, and disease recurrence has been observed. Unlike autologous HSCT, which infuses the patient's own cells and requires full myeloablative conditioning to optimize efficacy, our investigational therapy, FCR001, is administered with non-myeloablative conditioning and involves the use of cells from a healthy donor with no genetic predisposition for scleroderma," said Nancy Krieger, M.D., Chief Medical Officer at Talaris. "Positive proof-of-concept data in this trial could support the potential applicability of FCR001 to other severe, systemic autoimmune diseases." FREEDOM-3 is a multicenter, open-label study evaluating the efficacy, safety and tolerability of FCR001, the company's investigational allogeneic cell therapy, in adults with rapidly progressive dcSSc at risk for organ failure. It consists of a one-time treatment administered with non-myeloablative conditioning, after which patients are followed for five years, with a primary analysis on a variety of safety and exploratory efficacy endpoints performed at 24 months.
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FMTX | Hot Stocks07:15 EST Forma Therapeutics appoints Ifeyinwa Osunkwo MD as Chief Patient Officer - Forma Therapeutics Holdings announced the appointment of Ifeyinwa Osunkwo, MD, MPH, to the executive leadership team as the company's inaugural chief patient officer and senior vice president. In this role, Dr. Osunkwo will be responsible for realizing Forma's vision to transform the lives of patients by improving access and care through partnerships with global patient and community stakeholders. She will join Forma in the first quarter of 2022. "This appointment of a chief patient officer boldly represents our commitment to advancing both patient access and care as well as potential innovative treatments. We are honored that Ify has chosen to join Forma at this critical time in the growth of our organization as a trusted patient-centered company," said Frank Lee, president and chief executive officer of Forma. "Ify understands what it's like to care for people living with sickle cell disease firsthand because she's dedicated her professional life to it. Her role is crucial to our mission to transform patient lives. We have no doubt the impact she will have at a global level." Dr. Osunkwo is an internationally acclaimed expert in the research, treatment and care delivery of sickle cell disease , pediatric to adult care transition, and the management of chronic pain. She has a passion for health equity and has focused her research on identifying the comparative effectiveness of interventions in eliminating health disparities in black and brown populations. She has more than 25 years of experience in clinical management, population health using the chronic disease management model and health literacy. She is an accomplished clinician educator adept at training clinical and non-clinical audiences and is also a visionary leader in pragmatic program development and implementation using quality improvement. "I am thrilled to be able to continue building meaningful partnerships with patient and community stakeholders in my role at Forma," said Dr. Osunkwo. "Improving the overall patient experience in sickle cell disease has been my career passion; this is an opportunity to really focus on the delivery of new treatments for patients around the world. My vision is that everyone living with sickle cell disease has access to basic care and disease management. My hope is to amplify the impact I can have on the community."
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ITMZF | Hot Stocks07:15 EST Intema submits application to become gaming, sports betting operator in Ontario - Intema Solutions is pleased to announce that it has applied to the Alcohol and Gaming Commission of Ontario to become a fully registered operator of Internet gaming and sports betting in Ontario, Canada's largest province. On August 27, 2021, the Canadian government enacted Bill C-218, which gave each of Canada's provincial and territorial governments discretion to conduct and manage single-event sports betting in their respective provinces. Ontario is the first province to accept registration applications from prospective iGaming operators, having published its draft standards for regulated online betting and gaming markets in August, soon after Canada legalized single-event wagering, before releasing the finalized standards last month.
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ATCX | Hot Stocks07:14 EST Atlas Technical Consultants awarded $7M contract for the CFPP at the NIL - Atlas Technical Consultants announced that it has been awarded additional scope as part of the team conducting the geotechnical investigation for the Carbon Free Power Project, CFPP, at the Idaho National Laboratory, NIL. Atlas, as part of the Rizzo International team, was awarded a $7M contract to provide field and lab services that will generate the necessary data to feed into the final geotechnical report. "Much of the current work on the nation's first small modular reactor nuclear plant consists of studies to gather data and information to include in the application to the Nuclear Regulatory Commission," said Dan King, Atlas Director of CMT Program Services. "Atlas is pleased to be part of this groundbreaking effort to provide affordable and clean energy - one of 17 United Nations Sustainable Development Goals." Atlas professionals are monitoring the drilling operations of seven deep exploration drill rigs and taking samples of materials during drilling operations.
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LH | Hot Stocks07:13 EST LabCorp offers observed self-collection for COVID-19 PCR testing in 500 PSCs - Labcorp is now offering observed self-collection for COVID-19 PCR testing in more than 500 of its patient service centers nationwide for people without symptoms or known exposure. By mid-December, the company plans to further expand the COVID-19 PCR test collection service to over 1,000 locations. "With upcoming holiday travel and increases in large group gatherings, Labcorp wants to make getting tested for COVID-19 faster, easier and more accessible for the communities it serves"
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MREO | Hot Stocks07:12 EST Mereo BioPharma reports interim data on ACTIVATE Phase 1b/2 trial - Mereo BioPharma reported promising interim efficacy, safety, and biomarker data on patients from ACTIVATE, a Phase 1b/2 study of its anti-TIGIT antibody, etigilimab, in combination with nivolumab in select recurrent advanced / metastatic solid tumors. "These early results from the ACTIVATE study are highly encouraging and support the further study of etigilimab in combination with an anti-PD-1 antibody in solid tumor types, especially in gynecologic malignancies," said Dr. Denise Scots-Knight, Chief Executive Officer of Mereo. "We are particularly excited by the complete response in the cervical cancer cohort and the partial response in one of the ovarian cancer patients treated to-date. In the efficacy analysis set, biomarker analysis showed a positive trend between baseline PVR expression and clinical benefit including in the absence of PD-L1 expression in the efficacy analysis population. Clinical benefit also occurred in tumor types with historically low response rates to anti-PD-1/PDL-1 antibodies. We look forward to providing additional updates on the study in 2022." The ACTIVATE study aims to enroll approximately 125 patients across seven parallel cohorts. At the time of the data cut-off, 22 patients were included in the safety analysis set, 20 patients were evaluable with a minimum of at least one scan and 15 patients were included in the efficacy analysis population. As of the cut-off date, there are one complete response in cervical cancer, one partial response in ovarian cancer and four instances of stable disease in ovarian cancer, cervical cancer, and uveal melanoma. The ovarian cohort in ACTIVATE has now crossed futility for expansion into the second stage of the study. The combination of etigilimab and nivolumab has been safe and well tolerated, with no new safety signals. The most common treatment-related adverse events were skin reactions, observed in seven patients.
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MCLD | Hot Stocks07:11 EST mCloud Technologies signs agreement with Colliers Macaulay Nicolls - mCloud Technologies announced a three-year agreement with Colliers Macaulay Nicolls, an appointed agent of Slate Asset Management, to deploy mCloud's AssetCare solution for HVAC and indoor air quality, or IAQ, at Life Plaza, one of Slate's premier office towers in downtown Calgary. The initial subscription term for this agreement becomes effective at the completion of AssetCare installation and is set to renew in November 2025. This AssetCare solution represents mCloud's largest IAQ deployment to date, providing clean air and energy efficiency improvements to an 18-floor office tower spanning 235,000 square feet across 35 cloud-connected zones.
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PHRRF | Hot Stocks07:11 EST PharmaTher granted Japanese patent for KETABET - PharmaTher Holdings is pleased to announce that the Japan Patent Office has issued Japanese Patent No. 6967532 for KETABET, a combination formulation of FDA-approved ketamine and betaine anhydrous, which has shown in research to enhance the antidepressant effect while having the potential to reduce the known negative side effects of ketamine significantly. The granted patent strengthens the Company's global patent portfolio and it provides for broad potential of KETABET(TM) for uses in various mental health, neurological and pain disorders, as well as novel delivery forms such as with the Company's patented hydrogel-forming microneedle patch delivery system. The patent titled: "Method and Composition for Decreasing the Psychotomimetic Side Effect and Addictive Disorder of Ketamine" is expected to provide protection into 2036. Patent families protecting KETABET under an exclusive worldwide license agreement with the National Health Research Institutes have also been issued in Taiwan, and the Company expects to convert the current patent applications in the U.S., Europe, Japan, Canada, Israel and China into granted patents.
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OLMA | Hot Stocks07:10 EST Olema Oncology announces first clinical data on OP-1250 - Olema Pharmaceuticals announced the first clinical data from the Phase 1 dose-escalation portion of the ongoing Phase 1/2 clinical trial of OP-1250, a complete estrogen receptor, ER, antagonist, CERAN, and a selective ER degrader, SERD, in development for the treatment of metastatic breast cancer and other women's cancers. These initial data provide strong proof-of-concept for OP-1250 as a once-daily oral monotherapy in women with recurrent, locally advanced or metastatic ER+ / HER2- breast cancer and demonstrate OP-1250's potential to become a best-in-class endocrine therapy. Three partial responses and robust target lesion reduction up to 100% were observed in a heavily pretreated patient population. Interim Results from Phase 1a Dose Escalation of OP-1250 as a Monotherapy: Pharmacokinetics , safety, tolerability, and anti-tumor activity of once-daily OP-1250 monotherapy were evaluated in the open-label, dose-escalation portion of the ongoing Phase 1/2 clinical trial. As of November 1, 2021, a total of 41 patients with recurrent, locally advanced or metastatic ER+ / HER2- breast cancer were enrolled across 7 dose cohorts. Overall, patients received a median of 3 prior lines of anti-cancer therapy and 2 prior lines of endocrine therapy in advanced settings. Of 39 patients whose circulating tumor DNA was assessed, ESR1 mutations were detected in 49% at baseline. Pharmacokinetic analyses demonstrated dose-proportional increases in OP-1250 exposures across all evaluated doses, high oral bioavailability and steady-state plasma levels with minimal peak-to-trough variability. OP-1250 was generally well tolerated, and no dose-limiting toxicities were reported at any of the seven dose levels studied. A maximum tolerated dose was not reached. The majority of reported adverse events were grade 1 or 2 at all dose levels, and the most common treatment-related adverse events as assessed by study investigator were nausea, fatigue, vomiting and headache. Three partial responses were observed among 24 efficacy-evaluable patients, including 2 confirmed partial responses and 1 unconfirmed partial response in a patient with robust target lesion reduction of 100%, but whose response remained unconfirmed due to progressive disease with a new lesion appearing at a follow-up visit. Four response-eligible patients had target lesion reductions of greater than 30%. Across all doses, the ORR was 8% and the CBR was 29%. For the dose levels within the RP2D range, the ORR was 17% and the CBR was 46%. As of the data cut-off date, 32% of patients remained on treatment with efficacy data continuing to mature, including both patients with confirmed partial responses. Anticipated Milestones: Based on these promising data, Olema is rapidly advancing OP-1250's clinical development program with a number of anticipated program milestones. Phase 1b dose expansion is ongoing at two dose levels and is expected to enroll 15 patients in each cohort. Findings from this stage will help inform selection of the RP2D. Phase 2 efficacy evaluation is expected to initiate in Q1 2022 with approximately 80 patients enrolled across three cohorts. The first Phase 1b combination study with a CDK4/6 inhibitor is expected to initiate in Q1 2022, with additional combination studies with CDK4/6 and PIK3CA inhibitors planned in 2022. A pivotal study for OP-1250 in the metastatic setting is expected to initiate in 2023.
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SLCA | Hot Stocks07:10 EST U.S. Silica's Industrial and Specialty Products business increases prices - U.S. Silica Holdings announced that its Industrial and Specialty Products business will increase prices for most of its non-contracted silica sand, aplite, diatomaceous earth and clay products used primarily in glass, foundry, paints, coatings, elastomers, roofing, chemicals, recreation, building products, agricultural, pet litter and other applications. Price increases will range from 6% to 14%, depending on the product and grade, and go into effect for shipments beginning February 1, 2022. These price increases are necessary to help offset significant and continuing cost increases in energy, labor, transportation, materials and manufacturing costs.
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IBRX | Hot Stocks07:10 EST ImmunityBio enters deal with EnGeneIC for COVID-19, cancer treatments - Australian company EnGeneIC has announced a deal with US biotech ImmunityBio, over a ground-breaking approach to both a COVID-19 vaccine and cancer treatment. Early results from a clinical trial in adults indicate that the antibodies generated can neutralize COVID-19 and all of its variants, including Delta. EnGeneIC's patented EDV nanocell technology also targets and effectively kills cancer cells with minimal toxicity, while stimulating an anti-tumour immune response. Phase I and IIa trials in patients with advanced pancreatic cancer is underway, and the FDA recently approved another trial in the US. Under the deal, EnGeneIC will grant ImmunityBio an exclusive, worldwide licence to develop, manufacture and commercialize EDV in combination with its anti-cancer drugs and COVID-19 vaccine. EnGeneIC will also receive upfront payments and fees for future cancer programs. ImmunityBio will build EDV manufacturing facilities in the USA and South Africa, and cover costs associated with clinical trials and regulatory approvals. The companies have agreed to a 50:50 split on net profit from worldwide sales of EDV-based therapeutics.
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MCRB | Hot Stocks07:09 EST Seres: first patient enrolled in SER-155 trial, a cultivated microbiome therapy - Seres Therapeutics announced that the first patient has been enrolled in the SER-155 Phase 1b study. SER-155 is an investigational, oral, cultivated microbiome therapeutic. The consortia is a rationally-designed selection of bacteria optimized to enhance desired pharmacological properties to reduce the incidence of gastrointestinal bacterial infections, bacteremia and graft-versus-host disease, GvHD, in immunocompromised patients, including patients receiving allogeneic hematopoietic stem cell transplantation, HSCT. Prior published studies by Memorial Sloan Kettering Cancer Center collaborators indicate that HSCT patients with a disrupted, low diversity microbiome are at substantially increased risk for bacterial infections, including antibiotic resistant infection, and poor clinical outcomes. The trial is designed to evaluate the efficacy, safety and microbiome alterations associated with SER-155 in adult subjects who are undergoing HSCT. The primary endpoints of the study are to assess safety as well as engraftment, which is characterized by the growth of drug bacteria in the gastrointestinal tract. SER-155 strains are measured before and after treatment courses through Day 100. The trial will enroll approximately 70 patients in both an open-label and a randomized, double-blind, placebo-controlled, multicenter study that will evaluate safety and tolerability before and after HSCT. "Antibiotic-resistant bacterial infections are a top priority to address globally, especially given the significant implications for HSCT and other cancer and immunocompromised patients," said Lisa von Moltke, M.D., Chief Medical Officer at Seres. "SER-155 is designed to reduce the risk of infection and GvHD, so we're eager to enroll patients and advance our investigation of this promising therapeutic candidate." Eric Shaff, Chief Executive Office at Seres, added, "Building on the compelling results we have obtained from our lead SER-109 program, we will continue to advance additional preclinical programs for novel microbiome therapeutics that have the potential to reduce the detrimental patient outcomes often caused by anti-infective or immunosuppressive agents. The potential to combat the continued rise in antibiotic-resistant bacterial infections is promising given the major threat these infections pose to patients." Antibiotic-resistant infections and GvHD are frequent and serious complications of stem cell transplantation, and more broadly organ transplants and other conditions where patients are immunocompromised, which can lead to death. The World Health Organization has declared antibiotic resistant infections a "top ten" global public health threat and according to the Center for Disease Control's Antibiotic Resistance Threats in the United States, 2019 report, more than 2.8 million antibiotic-resistant infections occur in the U.S. each year, and more than 35,000 people die as a result.
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SCOR | Hot Stocks07:09 EST Comscore names Brian Pugh as Chief Information Officer - Comscore announced that Brian Pugh is taking on the role of Chief Information Officer. Pugh, who joined Comscore in 2007 and has held executive level positions at the company across Data Science, Analytics, and Product Technology, will now be responsible for launching cost effective technology solutions that increase innovation and productivity, for ensuring that Comscore data is secure in a privacy-focused environment, and for ensuring that Comscore services are accredited for ISO security standards and by industry organizations like the Media Rating Council.
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SLN | Hot Stocks07:08 EST Silence Therapeutics begins exclusive Nasdaq trading - Silence Therapeutics announced that the cancellation of admission of its ordinary shares of nominal value GBP 0.05 each to trading on AIM was effective from 7:00 a.m. Silence's American Depositary Shares, each representing three Ordinary Shares are now listed and only tradeable on the Nasdaq Global Market under the ticker symbol SLN. As previously announced, the last day of trading of the Company's Ordinary Shares on AIM was 29 November 2021. Information about the process to deposit Ordinary Shares for delivery of ADSs was provided in the announcement and circular published by the Company on 15 October 2021 and is also available on the Company's website at www.silence-therapeutics.com/investors/AIM-Delisting.
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CHS | Hot Stocks07:07 EST Chico's reports Q3 gross margin 40.7% - The third quarter gross margin rate rose to 40.7%, the best third quarter performance since fiscal 2014, driven by higher full-price sales, less promotional activity, strategic inventory management and improved leverage of occupancy costs on higher sales, partially offset by increases in raw materials and freight costs.
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CXBMF | Hot Stocks07:06 EST Calibre Mining announces completion of Year One Self-Assessment for RGMPs - Calibre Mining is pleased to announce our completion of the Year One Self-Assessment to determine the Company's initial status of conformance with the World Gold Council's Responsible Gold Mining Principles. Calibre joined the World Gold Council in August 2020 and made a public commitment to align with the Responsible Gold Mining Principles in our inaugural Sustainability Report, published in June 2021, which can be found on our company website here. Calibre also obtained external assurance on our conformance with the Principles from a third-party independent assurance provider. The Independent Assurance Report determined that, for the reporting period ending in September 2021, Calibre complied with the World Gold Council's year one requirements as established in the RGMPs Assurance Framework. In accordance with the WGC timeframe, Calibre expects that our performance should comprehensively align with the RGMPs by our third year after committing to the Principles. Calibre plans to publish our progress toward full conformance annually in our Sustainability Reports. In addition, along with other WGC members, Calibre has committed to reporting our position and progress on climate-related risks in line with the recommendations of Taskforce for Climate-related Financial Disclosures. The TCFD recommendations and reporting framework is now widely recognized as the preferred method for embedding climate change into the governance, strategy and risk management systems of organizations, and the means by which they disclose comprehensive and high-quality information on these factors to investors and stakeholders.
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ICLK | Hot Stocks07:06 EST iClick Interactive Asia sees FY21 revenue $318M-$338M, consensus $327M - Tha company said, "Based on the information available as of the date of this press release, iClick provides the following outlook for the FY21: Revenue is estimated to be between $318M and $338M; revenue from Enterprise Solutions is estimated to be between $62M-$68M. The above outlook is based on current market conditions and reflects the Company's preliminary estimates of market and operating conditions, expected foreign exchange fluctuation, and customer demand, which are all subject to change."
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ELAN | Hot Stocks07:06 EST Elanco announces proposed restructuring to eliminate 380 positions - Elanco announced proposed structural changes. The changes are intended to reduce organizational complexity, and increase productivity, helping to offset previously disclosed higher cost pressures and maintaining the company's current path to 60% adjusted gross margin by 2023 and 31% adjusted EBITDA margin by 2024. The moves include: Consolidating commercial operations for Elanco International and Elanco Europe into one organization under the leadership of Ramiro Cabral, executive vice president and president Elanco International. Consolidating marketing efforts to simplify and reduce duplication by integrating the centralized marketing organization and concentrating investments in focus brands, digital capabilities, product launches and China. Transforming and simplifying the R&D organizational structure to narrow its focus and concentrate investments on accelerating delivery of the company's late-stage Pet Health pipeline, while continuing to build the long-term pipeline. Continuing adjustments throughout the remainder of the organization to help drive operational efficiency without directly affecting customer-facing roles. The restructuring will eliminate approximately 380 positions around the world, including reducing Elanco's senior management by approximately 20%. As part of the senior management reduction, executive committee members Racquel Harris Mason, executive vice president and CMO, Dirk Ehle, executive vice president and president Elanco Europe, and Joyce Lee, executive vice president and president U.S. Pet Health and Commercial Operations will exit the company on December 31. The company expects to name a new leader for an expanded U.S. Pet Health role in the future. The company expects to record a fourth quarter 2021 pre-tax charge for severance costs of between $86M to $94M in connection with this restructuring, reducing fourth quarter reported GAAP net income by $65M to $71M and earnings per share by approximately 13c to15c. The restructuring charge does not impact the company's adjusted expectations, as previously disclosed on November 5. The compensation and benefits savings in 2022 are anticipated to be approximately $60M, and once fully implemented, are expected to provide annual savings of approximately $70M.
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FWBI | Hot Stocks07:05 EST First Wave BioPharma says DMC recommended enrollment continue in FW-COV trial - First Wave BioPharma announced that an independent data monitoring committee, DMC, has recommended that enrollment continue in Part 2 of the ongoing RESERVOIR Phase 2 trial evaluating FW-COV as a treatment for COVID-19-related gastrointestinal, GI, infections. FW-COV is a proprietary, oral, tablet formulation of micronized niclosamide developed to remove SARS-CoV-2, the virus that causes COVID-19, from the GI tract. The DMC recommendation was based on its review of the safety data collected from the first 25 patients enrolled in Part 2 of the RESERVOIR trial. The review of the data uncovered no safety issues. Part 2 of the study will enroll up to 150 patients. James Sapirstein, President and CEO of First Wave BioPharma, stated, "The DMC's review of interim safety data was very positive with no substantive safety issues documented in the initial 25 patients dosed in Part 2 of the RESERVOIR trial. This news comes at a critical time in the COVID-19 pandemic with the rise of the fast-spreading Omicron variant, declared last week by the World Health Organization as a variant of concern. Because niclosamide targets the entire virus, and not just the spike protein, we believe that FW-COV may prove effective against multiple strains of COVID-19 and may provide an effective therapeutic to help millions of COVID-19 patients overcome the debilitating and often overlooked effect the virus can have on the GI system. Based on current timelines and pacing of enrollment, which is strong, we expect to report topline results from the RESERVOIR trial next year, including an assessment of FW-COV's ability to clear the COVID-19 virus from the GI tract."
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ALLK | Hot Stocks07:04 EST Allakos expands litrentelimab development into atopic dermatitis, urticaria - Allakos announced it has initiated a randomized, double-blind, placebo-controlled Phase 2 clinical trial of subcutaneous lirentelimab in adult patients with moderate-to-severe atopic dermatitis. The company also announced plans to initiate two randomized, double-blind, placebo-controlled trials of SC lirentelimab in patients with chronic spontaneous urticaria and in moderate-to-severe, uncontrolled asthma patients with and without an eosinophilic phenotype. Atopic dermatitis, chronic spontaneous urticaria and asthma are complex, chronic inflammatory diseases believed to be driven by activated eosinophils and mast cells. Atopic dermatitis is a chronic pruritic inflammatory condition that is characterized by dry, red, itchy patches of skin. Atopic dermatitis affects approximately 16.5 million adults in the United States, of which approximately 6.6 million have moderate-to-severe disease. The Phase 2 study in atopic dermatitis is a 16-week, multicentered, randomized, double-blind, placebo-controlled trial that will enroll approximately 240 adult patients with moderate-to-severe disease who are inadequately controlled by topical treatments. Patients will be randomized 1:1:1 to receive four monthly subcutaneous doses of either: lirentelimab 450 mg, lirentelimab 150 mg, or placebo. The primary endpoint will be the proportion of patients who achieve an Investigator Global Assessment score of 0 or 1 with greater than2-point improvement at week 16. Chronic spontaneous urticaria is an often-debilitating skin condition characterized by frequent and unpredictable eruption of hives, severe itching and swelling. The disease affects up to 3.5 million patients in the U.S., of which half are refractory to standard-of-care antihistamines2. The planned Phase 2/3 study in chronic spontaneous urticaria will be a multicentered, randomized, double-blind, placebo-controlled study in patients who are naive to omalizumab and refractory to antihistamines. The primary end point of the trial will be the reduction of itch-severity score. Asthma is a chronic inflammatory disease of the lungs that leads to narrowing and swelling of the airways, making it difficult to breath. Moderate-to-severe, uncontrolled asthma affects approximately 1 million adults in the U.S., of which 50% have an eosinophilic phenotype and 50% patients have a non-eosinophilic phenotype. The planned Phase 2 study in moderate-to-severe, uncontrolled asthma patients with and without an eosinophilic phenotype will be a multicentered, randomized, double-blind, placebo-controlled study. The primary end point of the trial will be the reduction of annualized asthma exacerbation rate.
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EVGN | Hot Stocks07:03 EST Biomica reports results from pre-clinical studies in its IBD program - Biomica, a subsidiary of Evogene, reported positive results from pre-clinical studies in its IBD program. In these studies, Biomica tested its optimized drug candidate BMC333, which consists of four live bacterial strains derived from Biomica's drug candidates BMC321 and BMC322, which had been previously tested as well. Treatment with these drug candidates demonstrated efficacy in several studies in reducing inflammation for the treatment of IBD. IBD includes conditions such as ulcerative colitis and Crohn's disease, which are chronic, debilitating, non-infectious, inflammatory diseases of the digestive tract. The global IBD treatment market size was valued at $19.2B in 2020. The results Biomica is currently reporting follow the evaluation of BMC333 in a DSS-induced colitis model, which demonstrated BMC333's ability to significantly reduce intestinal tissue damage resulting from inflammation. BMC333 attenuated intestinal inflammation as observed in several key parameters such as reduced fecal lipocalin and reduced inflammation observed in histopathological analysis. Moreover, animals treated with BMC333 demonstrated increased survival rates compared to the untreated group.
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SWIM | Hot Stocks07:03 EST Latham Group announces acquisition of Radiant Pools for $90M - Latham Group announced that it has acquired Radiant Pools for approximately $90M. The acquisition expands Latham's product portfolio into vinyl-lined, aluminum-walled swimming pools. Radiant Pools uses patented technology, derived from aerospace engineering, to make structurally insulated wall panels. "Radiant Pools is an excellent addition to Latham's product portfolio since it complements our existing business and enables us to expand our addressable market," said Scott Rajeski, President and Chief Executive Officer of Latham. "Radiant Pools primarily serves the Northeastern U.S., giving us the opportunity to roll its outstanding products across North America in partnership with Latham's industry-leading dealer network. We are excited to welcome Radiant Pools to the Latham family and look forward to working with Tony Sirco, Radiant Pools' prior owner, who will stay on as a partner and oversee its integration into Latham." The acquisition is expected to have no material impact on Latham's fiscal 2021 outlook.
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CHK BP | Hot Stocks07:01 EST Chesapeake names Mohit Singh as CFO, effective December 6 - Chesapeake Energy (CHK) announced that Mohit Singh has been appointed Executive Vice President and CFO, effective December 6. For the last six years, Singh has served on the executive leadership team at BPX Energy, the United States onshore subsidiary of BP (BP).
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SHEN | Hot Stocks06:58 EST Shenandoah announces agreement with James City County for FTTH services - Shenandoah announced an agreement with James City County, Virginia to deploy next generation fiber-to-the-home, or FTTH, broadband services. Construction will begin in 2022 to deliver an all-fiber choice for high-speed service to over 20,000 homes and businesses. This expansion, coupled with recent plans to expand into the cities of Williamsburg and Suffolk, marks the company's commitment to build a future-proof network in the Tidewater Region.
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ACM | Hot Stocks06:56 EST Aecom awarded secondment contract with Qatar's Public Works Authority - AECOM announced that is has been awarded a four-year secondment contract with Ashghal, Qatar's Public Works Authority. Over 200 AECOM professional staff members will work within Ashghal's Roads Projects Department, providing management and oversight of Ashghal's Local Roads and Drainage Program, which is responsible for developing infrastructure that raises the standard of living for all residents. AECOM's secondees will support the further modernization and expansion of Qatar's surface transport network, improving its accessibility, safety and sustainability for all users. Ashghal was established in 2004 to plan, deliver and manage all infrastructure projects in Qatar. Since then, AECOM has supported the delivery of numerous transformational projects, including Orbital Highway, Lusail Expressway and the MoTC Bus Infrastructure Program.
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EXAS PFE | Hot Stocks06:55 EST Exact Sciences says Pfizer to no longer promote Cologuard - In a regulatory filing last night, Exact Sciences (EXAS) disclosed that on November 29 the company and Pfizer (PFE) entered into an amendment to the Amended & Restated Cologuard Promotion Agreement effective October 6, 2020, by and between the company and Pfizer. The amendment provides that after November 30, 2021, Pfizer will no longer promote the company's Cologuard colorectal cancer screening test to health care providers. As reported on a Form 8-K filed by the company on September 15, 2021, the company recently hired approximately 400 former Pfizer sales representatives to promote the product to health care providers. The amendment provides that the company will pay Pfizer a total of $35.9M in three installments during the second, third, and fourth quarters of 2022. The amendment eliminates the company's obligation to pay Pfizer royalties or other fees except for certain media fees, advertising fees, and any detail fees owed to Pfizer for promoting the product prior to November 30, 2021. Pursuant to the promotion agreement, as amended, Pfizer will continue to purchase certain advertising for the product on behalf of the company through the third quarter of 2022 and will provide support in transitioning responsibilities for purchasing such advertising to the company.
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BDX | Hot Stocks06:52 EST Becton Dickinson issues statement on testing for COVID-19 Omicron variant - Becton Dickinson issued the following statement regarding testing for the COVID-19 Omicron variant of concern. Dave Hickey, president of Life Sciences for BD said, "BD actively monitors new and developing COVID-19 variants of concern to ensure the integrity and performance of our assays. BD has conducted an analysis of the recently identified Omicron variant of concern and we are confident that our rapid antigen and PCR tests for COVID-19 will detect the novel variant. Our analysis of the Omicron variant was conducted using all available genome sequences deposited in the GISAID EpiCoV(TM) database as of Nov. 29, 2021. When live viral samples are made available, BD will perform additional rigorous testing in the laboratory. BD actively monitors all sequenced SARS-CoV-2 isolates worldwide. Our team has evaluated over 3.5 million genomes to monitor for emerging variants. Variants of concern have been tested by BD and our partners and no undetectable variants have been identified. Reliable and widely available testing remains one of the most important measures to mitigate the spread of COVID-19. BD will continue to monitor and verify the performance of its COVID-19 tests to serve its mission of advancing the world of health."
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CTRN | Hot Stocks06:50 EST Citi Trends sees Q4 comparable store sales up in high teens vs last year - The Company expects an increase in comparable store sales in the high teens in the Q4 compared to the Q4 of FY19.
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KULR LMT | Hot Stocks06:48 EST KULR Technology receives $500,000 battery systems order from Lockheed Martin - KULR Technology (KULR) announced the company has received an initial order totaling approximately $500,000 for its passive propagation resistant battery systems from Lockheed Martin (LMT). This initial order is for immediate delivery and is the starting point in the partnership as LMT leverages KULR's technological advancements in PPR energy products for its Advanced Energy Systems.
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MRK | Hot Stocks06:46 EST Merck says KEYTRUDA approved in Japan in combination with chemotherapy - Merck announced that KEYTRUDA, Merck's anti-PD-1 therapy, has been approved by the Japan Pharmaceuticals and Medical Devices Agency for the first-line treatment of patients with radically unresectable, advanced or recurrent esophageal carcinoma in combination with chemotherapy based on data from the Phase 3 KEYNOTE-590 trial.
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IMGN | Hot Stocks06:42 EST ImmunoGen reports data from pivotal SORAYA trial - ImmunoGen announced positive top-line data from the pivotal SORAYA trial evaluating the safety and efficacy of mirvetuximab soravtansine, or mirvetuximab, monotherapy in patients with folate receptor alpha, or FRalpha,-high platinum-resistant ovarian cancer who have been previously treated with Avastin, or bevacizumab. SORAYA enrolled 106 patients with a median of three prior lines of therapy; 51% had three prior lines of therapy and 48% had one to two prior lines of therapy. All patients received prior bevacizumab; 48% of patients received a prior PARP inhibitor. As of the data cutoff on November 16 the median follow-up time was 8.1 months. ORR by investigator was 32.4%, including five complete responses, or CRs. ORR by BICR was 31.6%, including five CRs. Responses were observed regardless of prior PARP inhibitor or number of prior lines of therapy. The median DOR is currently 5.9 months. With nearly half of responders continuing on therapy, the duration of response continues to evolve and, with longer follow-up, median DOR could range from 5.7 to just above 7 months. Mirvetuximab was well-tolerated, consistent with the known safety profile seen in more than 700 patients treated in the broader mirvetuximab program. Treatment-related adverse events led to dose reductions in 19% of patients, dose delays in 32% of patients, and discontinuations in 7% of patients. The most common treatment-related adverse events included blurred vision, keratopathy, and nausea.
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BKSY | Hot Stocks06:36 EST BlackSky to add two additional satellites to its constellation - BlackSky will soon add two additional satellites to its constellation through a scheduled Spaceflight managed rideshare launch with SpaceX. Expanding the constellation to ten satellites will enhance the company's geospatial capacity for data while increasing revisit rates for customers. BlackSky expects to achieve a 12 small satellite constellation by the end of 2021 which will provide sufficient capacity to meet the expected demand for the foreseeable future and beyond.
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IMGN | Hot Stocks06:35 EST ImmunoGen reports data from pivotal SORAYA trial - ImmunoGen announced positive top-line data from the pivotal SORAYA trial evaluating the safety and efficacy of mirvetuximab soravtansine, or mirvetuximab, monotherapy in patients with folate receptor alpha, or FRalpha,-high platinum-resistant ovarian cancer who have been previously treated with Avastin, or bevacizumab. "Despite advances in the platinum-sensitive setting, most patients with ovarian cancer eventually develop platinum-resistant disease, for which there are limited treatment options, especially for those patients who have previously received bevacizumab," said Robert Coleman, Chief Scientific Officer of US Oncology Research and SORAYA Co-Principal Investigator. "Data from SORAYA have the potential to redefine the standard of care for patients with FRalpha-high platinum-resistant ovarian cancer, as this trial has demonstrated that mirvetuximab delivers clinically meaningful benefit in this setting, with significant and durable responses and a favorable tolerability profile." SORAYA is a single-arm study of mirvetuximab in patients with platinum-resistant ovarian cancer whose tumors express high levels of FRalpha and who have been treated with up to three prior regimens.
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MRK AZN | Hot Stocks06:34 EST AstraZeneca, Merck: FDA accepts, grants priority review of sNDA for LYNPARZA - AstraZeneca (AZN) and Merck (MRK) announced that a supplemental New Drug Application for LYNPARZA has been accepted and granted priority review by the U.S. FDA for the adjuvant treatment of patients with BRCA-mutated, human epidermal growth factor receptor 2-negative high-risk early breast cancer who have already been treated with chemotherapy either before or after surgery. The FDA has set a Prescription Drug User Fee Act, or target action, date during the first quarter of 2022.
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APOG | Hot Stocks06:32 EST Apogee Enterprises targets ROIC of over 12% in three years - Apogee Enterprises will host its 2021 Investor Day, which will include presentations by CEO Ty Silberhorn, and other members of the executive leadership team. During the presentations, Apogee's leadership team will discuss their strategic framework for driving profitable growth and improving return on invested capital over the next three years. The company is also announcing new three-year financial goals, which include: Return on invested capital, or ROIC, greater than 12%; operating margin greater than 10%; and revenue growth greater than 1.2 times the growth of the non-residential construction market
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RRD | Hot Stocks06:32 EST R.R. Donnelley receives revised $10.25 per share buyout proposal from Chatham - R.R. Donnelley & Sons announced that it has received a proposal from Chatham Asset Management to acquire all of the outstanding shares of RRD not already owned by Chatham for $10.25 per share in cash. "The RRD Board of Directors, consistent with its fiduciary duties and in accordance with the terms of its definitive merger agreement with affiliates of Atlas Holdings, dated as of November 3, 2021, will carefully review and consider the Revised Chatham Proposal to determine the course of action that it believes is in the best interests of the company and RRD shareholders. RRD shareholders do not need to take any action at this time and the Board has not yet made any determination with respect to the Revised Chatham Proposal."
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AZN MRK | Hot Stocks06:27 EST AstraZeneca's sNDA for Lynparza accepted and granted priority review by FDA - The company states: "AstraZeneca's (AZN) supplemental New Drug Application, or sNDA, for Lynparza, or olaparib, has been accepted and granted Priority Review in the US for the adjuvant treatment of patients with BRCA-mutated HER2-negative high-risk early breast cancer who have already been treated with chemotherapy either before or after surgery. Lynparza is being jointly developed and commercialised by AstraZeneca and MSD (MRK). The Prescription Drug User Fee Act date, the FDA action date for their regulatory decision, is during the first quarter of 2022. The sNDA was based on results from the OlympiA Phase III trial presented during the 2021 American Society of Clinical Oncology Annual Meeting and simultaneously published in The New England Journal of Medicine. These results showed Lynparza demonstrated a statistically significant and clinically meaningful improvement in invasive disease-free survival, reducing the risk of invasive breast cancer recurrence, second cancers or death by 42% versus placebo. The safety and tolerability profile of Lynparza in this trial was in line with that observed in prior clinical trials." Reference Link
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BNS | Hot Stocks06:07 EST Bank of Nova Scotia announces 24M share repurchase program - The Bank of Nova Scotia announced that the Toronto Stock Exchange and the Office of the Superintendent of Financial Institutions have approved its normal course issuer bid to purchase up to 24M of its Common Shares. This represents approximately 2% of the 1,215,705,098 Common Shares issued and outstanding as of November 22, 2021.
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ATHX | Hot Stocks06:04 EST Athersys announces peer-reviewed publication of data from MUST-ARDS trial - Athersys announced that a manuscript reporting data from the Company's MUST-ARDS clinical trial have been published in the peer-reviewed journal Intensive Care Medicine. MUST-ARDS was a randomized, double-blind placebo-controlled Phase 1/2 trial evaluating the safety and efficacy of MultiStem, or invimestrocel, cell therapy in patients with acute respiratory distress syndrome, or ARDS. Enrolling patients at 12 intensive care units in the U.K. and the U.S., the study confirmed that intravenous administration of MultiStem cell therapy was well-tolerated among critically ill patients early in the course of moderate to severe ARDS.
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STLA | Hot Stocks06:02 EST Factorial announces collaboration agreements with Mercedez-Benz and Stellantis - Factorial Energy has entered into Joint Collaboration Agreements with both Mercedes-Benz and Stellantis, each of whom is also making a strategic investment in the company. Factorial's technology offers a high level of operational safety and extends driving range by 20 to 50 percent, addressing two key factors to broad consumer adoption. Its drop-in compatibility with existing lithium-ion battery manufacturing infrastructure reduces costs and the complexity of changing to a different battery technology for auto manufacturers.
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FENC | Hot Stocks06:02 EST Fennec receives CRL from FDA regarding NDA for PEDMARK - Fennec Pharmaceuticals announced that it received a Complete Response Letter on November 29 from the U.S. FDA, after the PDUFA target action date of November 27, regarding its New Drug Application for PEDMARK for intravenous administration for the prevention of ototoxicity associated with cisplatin chemotherapy in pediatric patients greater than or equal to 1 month to 18 years of age with localized, non-metastatic, solid tumors. The CRL was issued as a result of identified manufacturing deficiencies which need to be satisfactorily resolved before the Pedmark NDA can be approved. Fennec plans to request a Type A meeting with the FDA to discuss these deficiencies and other matters described in the CRL, as well as the steps required for the resubmission of the NDA for PEDMARK. "We are steadfast in our commitment to reducing the risk of life-long hearing loss for children and young adults receiving cisplatin chemotherapy who currently have no approved therapies for this devastating condition," said Rosty Raykov, chief executive officer of Fennec Pharmaceuticals. "We will work closely with our current manufacturer as well as the FDA to fully address the issues raised in the letter. In addition, we continue to advance our second drug product manufacturing facility."
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GTH AZN | Hot Stocks05:52 EST Genetron signs collaboration agreement with AstraZeneca for MRD tests - Genetron (GTH) announced that it has signed a collaboration agreement with AstraZeneca R&D China (AZN) for the joint development in China of next-generation sequencing, or NGS-based tumor-informed minimal residual disease, or MRD, tests for various solid tumor types. AstraZeneca plans to incorporate the co-developed tests for China-specific studies. Under the agreement, the companies will jointly invest capital for this collaboration, and will work together to develop and validate the personalized, solid tumor MRD assays for cancer monitoring and recurrence in China. These assays will be developed based on the genetic analysis of the primary tumor from individual patients at the beginning of treatment. A joint committee will be established to oversee the product development. For solid tumor clinical trials in China that incorporate the use of NGS-based personalized MRD tests, AstraZeneca plans to incorporate the aforementioned co-developed MRD test in China-specific studies, subject to fulfillment of individual study criteria. Upon both companies' further agreement, the scope of the agreement may also be expanded to include IVD registration and commercialization. This is an exclusive, multi-year collaboration agreement between both parties, with exclusivity contingent on certain requirements.
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RCUS | Hot Stocks05:48 EST Taiho exercises option for domvanalimab, AB308 from Arcus Biosciences - Arcus Biosciences and Taiho Pharmaceutical announced that Taiho exercised its option for anti-TIGIT antibodies domvanalimab and AB308 from Arcus Biosciences, in Japan and certain other territories in Asia. This option exercise is based on an option and license agreement between Taiho and Arcus contracted in September 2017. Taiho has already obtained exclusive rights to etrumadenant, an adenosine A2a/A2b receptor antagonist, and zimberelimab, an anti-PD-1 monoclonal antibody. This is the third option exercise to an Arcus program. In exchange for the exclusive license, Taiho will make an option exercise payment, as well as additional payments upon achievement of clinical, regulatory and commercialization milestones, and, if any products from the program are approved, will pay royalties on net sales of such products. Domvanalimab is being developed primarily as a combination therapy with anti-PDx checkpoint inhibitors. The Phase 2 and Phase 3 trials of domvanalimab in combination with zimberelimab are currently being conducted by Arcus in first-line metastatic PD-L1 50% non-small cell lung cancer. A Phase 3 trial of domvanalimab in combination with durvalumab is being initiated in Stage III non-small cell lung cancer. Development in other cancer types is also being planned.
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FB MVRS | Hot Stocks05:45 EST U.K.'s Competition and Markets Authority requiring Facebook to sell Giphy - The U.K.'s Competition and Markets Authority has found that the merger between Facebook and Giphy "has resulted or would result in a substantial lessening of competition in social media and display advertising, harming social media users and businesses." The agency has decided that the only effective way to address the competition issues is for Facebook to sell Giphy, in its entirety, to a suitable buyer. In order to address the substantial lessening of competition it has found, the Competition and Markets Authority decided to require Facebook to sell Giphy, in its entirety, to a suitable purchaser. Reference Link
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MRSN | Hot Stocks05:39 EST Mersana Therapeutics, Synaffix to expand license agreement - Synaffix announced the expansion of its license agreement with Mersana Therapeutics. Under the expanded license agreement, Mersana will expand its access to Synaffix's GlycoConnect site-specific ADC bioconjugation technology for six additional ADC targets. The license rights granted to Mersana are tied to specific ADC targets to be selected and provide non-exclusive access to deploy GlycoConnect site-specific ADC bioconjugation technology against the specified targets. Under the expanded deal, Synaffix is eligible to receive upfront and milestone payments on a per-target basis with a total potential deal value exceeding $1B plus royalties. This builds on the relationship between the two companies announced in 2019.
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MYNZ | Hot Stocks05:37 EST Mainz Biomed engages Precision for Medicine to provide support for ColoAlert - Mainz Biomed announced the company has engaged Precision for Medicine, a clinical research organization, to provide U.S. regulatory and reimbursement advisory support for ColoAlert, Mainz's diagnostic test for colorectal cancer. Precision for Medicine will work with Mainz's management team to develop and implement a U.S. focused regulatory and market access strategy for ColoAlert, the company's early detection test for colorectal cancer, or CRC. This will include assistance in drafting ColoAlert's clinical development plan to ensure the trial design is efficient. Inherent to this exercise will be the integration of CMS guidelines, utilizing currently marketed CRC screening tests as benchmarks to provide ColoAlert with an product profile for regulatory approval and success in the marketplace. Along the way, Precision for Medicine will advise Mainz throughout its interaction with the FDA's pre-submission protocol.
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BQ | Hot Stocks05:34 EST Boqii enters partnership with Evetsoft Pet Hospital Management Software - Boqii announced a strategic partnership with Evetsoft Pet Hospital Management Software, a pet hospital SAAS solutions company. Together, Boqii and Evetsoft, will launch an online procurement platform tailored for streamlining the procurement process of pet hospitals and clinics.
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XPRO | Hot Stocks05:33 EST Expro secures four subsea well access contracts in South East Asia, Australia - Expro has secured four significant subsea well access contracts in South East Asia and Australia worth in excess of $50M. The company has won two contracts in Australia and two in Malaysia. In Australia, Expro has been awarded a multi-million dollar contract for the abandonment of 18 subsea wells and the removal of open water production trees. The project will require Expro to deliver an integrated subsea solution, including its Intervention Riser System, or IRS, to access the wells and undertake plug and abandonment work. Also in Australia, Expro has been commissioned to deliver an integrated program for a new subsea development. The contract will include the delivery of a complete subsea completion landing string package and a high-rate surface well test system. In Malaysia, Expro has been awarded a seven-figure contract for the provision of large bore electro hydraulic subsea landing string equipment for a new subsea deepwater campaign. he contract is for a fixed scope of work on four development wells.
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XPRO | Hot Stocks05:32 EST Expro secures four subsea well access contracts in South East Asia, Australia - Expro has secured four significant subsea well access contracts in South East Asia and Australia worth in excess of $50M. The company has won two contracts in Australia and two in Malaysia. In Australia, Expro has been awarded a multi-million dollar contract for the abandonment of 18 subsea wells and the removal of open water production trees. The project will require Expro to deliver an integrated subsea solution, including its industry-leading Intervention Riser System, or IRS, to access the wells and undertake plug and abandonment work. Also in Australia, Expro has been commissioned to deliver an integrated program for a new subsea development. The major contract will include the delivery of a complete subsea completion landing string package and a bespoke high-rate surface well test system. In Malaysia, Expro has been awarded a seven-figure contract for the provision of large bore electro hydraulic subsea landing string equipment for a new subsea deepwater campaign. Expro was selected due to its outstanding operational performance on similar campaigns in the area during 2019 and 2020. Also in Malaysia, Shell has awarded Expro a substantial contract for the provision of a subsea landing string integrated package for the Gumusut-Kakap deepwater field. The contract is for a fixed scope of work on four development wells.
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HPE | Hot Stocks05:30 EST HP Enterprise to build a new supercomputer for Thailand NSTDA - HP Enterprise announced that it is building a new supercomputer for Thailand's National Science and Technology Development Agency, or NSTDA, that is 30X faster than its existing system. The new supercomputer will be hosted in the NSTDA Supercomputer center, which is one Thailand's national science and technology infrastructure centers within the NSTDA that delivers computing resources for the national R&D's efforts. The system will support all research communities in Thailand across public and private organizations.
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CEO | Hot Stocks05:26 EST Cnooc to deregister with SEC, terminate reporting obligations - Cnooc announced that the company intends to deregister with the United States Securities and Exchange Commission and terminate reporting obligations under the U.S. Securities Exchange Act of 1934, as amended. The New York Stock Exchange filed Form 25 with the SEC on October 12 and the delisting of the company's American depository shares became effective following the close of the market in New York on October 22.
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EVOP | Hot Stocks05:23 EST EVO Payments, Bank of Ireland Group extend exclusive referral relationship - EVO Payments and Bank of Ireland Group announced an extension of their existing exclusive referral relationship for merchant acquiring services in the Republic of Ireland and Northern Ireland. EVO and Bank of Ireland will continue to provide payment services according to the exclusive marketing alliance, which operates under the name BOI Payment Acceptance, or BOIPA. BOIPA, which was formed in 2014, provides EVO's payments expertise to service merchants throughout Ireland and the UK, supporting Bank of Ireland's customer relationships across its Branch Network, Business Banking, Corporate Banking and digital channels. Terms of the agreement were not disclosed.
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BZUN | Hot Stocks05:21 EST Baozun announces new $50M share repurchase plan - Baozun announced that, as the company has already completed its $125M share repurchase program announced on May 18, in addition to the said share repurchase program, its board of directors has authorized a new share repurchase program under which the company may repurchase up to $50M worth of its outstanding American depositary shares, each representing three Class A ordinary shares, and/or Class A ordinary shares over the next 12 months starting from November 30.
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ADEX GRDI | Hot Stocks05:19 EST Griid Infrastructure to become public through Adit EdTech Acquisition merger - Griid Infrastructure, a vertically integrated, bitcoin self-mining company, and Adit EdTech Acquisition (ADEX) announced that they have entered into a definitive merger agreement under which Adit EdTech will acquire Griid Holdco, a newly formed holding company and parent of Griid. Upon completion of the proposed transaction. the combined company is expected to operate under the name Griid Infrastructure and be listed on the NYSE under the new ticker symbol (GRDI). Based in Cincinnati, Ohio, Griid Infrastructure is a vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of energy infrastructure and bitcoin mining facilities across the United States. Griid Infrastructure management reports that it has over 1,300 MW of power of which 734 MW will be operational by 2023, with a breakeven bitcoin production cost materially below its peers and a cost of scaled bitcoin production of under $6,225 per BTC. The proposed transaction values the combined company at an implied fully diluted pro forma enterprise value of approximately $3.3B, assuming no redemptions of shares of Adit EdTech by its public stockholders and approximately $125M of debt outstanding as of the closing. The transaction is expected to provide approximately $246M of cash at closing from Adit EdTech's trust account, after payment of Adit EdTech's transaction expenses and without giving effect to any redemptions by Adit EdTech public stockholders. Assuming no redemptions, current GRIID equity holders will own approximately 90%, Adit EdTech public stockholders will own approximately 8% and Adit EdTech's sponsor will own approximately 2% of the outstanding shares of voting stock of the combined company at closing, respectively. Griid Infrastructure's existing management team, led by president and CEO Trey Kelly, will continue to lead the business. The proposed transaction has been unanimously approved by the board of directors of Adit EdTech and the board of managers of Griid Holdco. The proposed transaction is expected to close in the first quarter of 2022, subject to customary closing conditions, including the receipt of regulatory approvals and approval of Adit EdTech's stockholders.
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JKS | Hot Stocks05:07 EST JinkoSolar sees FY21 total shipments 22.8 GW-24.3 GW - The company said, "JinkoSolar expects its annual mono wafer, solar cell and solar module production capacity to reach 32.5 GW, 24 GW (including 940 MW N-type cells) and 45 GW, respectively, by the end of 2021."
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