Stockwinners Market Radar for December 01, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
RDFN | Hot Stocks19:39 EST Redfin says for-sale home supply hit all-time low last wek - In a press release, Redfin stated: "The number of homes for sale hit an all-time low during the week ending November 28, according to a new report from Redfin. During that period, sustained demand pushed the median home price to another record high, and a third of homes sold in one week or less. The median home-sale price hit a new all-time high of $360,375, up 14% year over year. This was up 31% from the same period in 2019 and up 1.5% from a month earlier, far greater than the 0.2% increase seen during the same period last year. Asking prices of newly listed homes were up 12% from the same time a year ago and up 27% from 2019 to a median of $349,750. Pending home sales were up 8% year over year, and up 49% compared to the same period in 2019. New listings of homes for sale were down 4% from a year earlier, but up 12% from 2019."
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GBX | Hot Stocks19:18 EST Greenbrier announces orders for 6,200 new railcars valued at $670M - The company states: "The Greenbrier Companies announced that it received new orders of 6,200 units valued at $670M during the first fiscal quarter that began on September 1, 2021. In addition to the new railcar orders, Greenbrier received orders to rebody 1,400 railcars as part of its railcar conversion program. This follows orders for 1,300 railcar conversions in fiscal 2021."
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KRTX | Hot Stocks18:48 EST Karuna Therapeutics CEO: Developing a game-changing treatment for schizophrenia - In an interview on CNBC's Mad Money, Dr. Steve Paul said Karuna is developing a "game-changing" treatment for schizophrenia. Currently, four Phase 3 trials are up and running and he is "very optimistic" about getting through them. Paul "couldn't be more excited" about the new medicine. He is optimistic that the drug will also treat the behavioral impacts of Alzheimer's disease.
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HGEN | Hot Stocks18:42 EST Humanigen jumps 11% to $6.20 after announcing Lancet review of lenzilumab
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HGEN | Hot Stocks18:41 EST Humanigen announces 'positive' results for lenzilumab published in Lancet - Humanigen announced that The Lancet Respiratory Medicine published positive results from Humanigen's LIVE-AIR Phase 3 randomized, controlled trial of lenzilumab in hospitalized COVID-19 patients, as well as an independent expert commentary. The Lancet paper concludes "LIVE-AIR showed that lenzilumab treatment of hospitalised patients with COVID-19 can improve the likelihood of survival without the need for mechanical ventilation, with a safety profile similar to that of placebo." Humanigen CEO Cameron Durrant says: "Publication of LIVE-AIR results in this peer-reviewed medical journal is a major achievement. Our goal was to demonstrate that lenzilumab, a variant-agnostic therapy, could address the unmet need in treatment of COVID-19 patients by reducing death or mechanical ventilation. The results describe the positive impact lenzilumab has on improving survival without the need for invasive mechanical ventilation in COVID-19 patients upon hospitalization. As the paper describes '60% of LIVE-AIR patients were on room air or low-flow oxygen support. ... (Raising) the possibility that lenzilumab might be positioned for use before ICU admission and progression of respiratory failure requiring high-flow oxygen and non-invasive or invasive ventilation.'"
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WE | Hot Stocks18:26 EST WeWork to restate financials as of 2020 year-end - In a filing, the company states: "In connection with the preparation of the financial statements as of September 30, 2021, WeWork Inc. reevaluated its application of Accounting Standards Codification 480-10-S99, Distinguishing Liabilities from Equity, to its accounting classification of the Class A common stock subject to possible redemption issued as part of the units sold in the initial public offering by the Company's predecessor, BowX Acquisition Corp. The Company had previously classified a portion of the Public Shares in permanent equity. Upon further evaluation, the Company determined that the Public Shares include certain redemption features not solely within the Company's control that, under ASC 480-10-S99, require such shares to be classified as temporary equity in their entirety. Therefore, on November 29, 2021, after consultation with WithumSmith+Brown, PC, BowX's independent registered public accounting firm prior to the business combination, the Company's management and audit committee of the board of directors concluded that the previously issued (i) audited balance sheet as of August 7, 2020 included in BowX's Annual Report on Form 10-K/A filed with the U.S. Securities and Exchange Commissionon May 12, 2021, (ii) audited financial statements as of and for the periods ended December 31, 2020 included in the 2020 Form 10-K/A, (iii) unaudited interim financial statements included in BowX's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2021, filed with the SEC on May 24, 2021, (iv) unaudited interim financial statements included in BowX's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2021, filed with the SEC on August 11, 2021 and (v) unaudited interim financial statements included in the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021, filed with the SEC on November 15, 2021 should be restated to report all Public Shares as temporary equity. Considering such restatement, the financial statements for the Affected Periods, as well as the relevant portions of any communication which describes or are based on such financial statements, should no longer be relied upon. The Company plans to restate the financial statements as of December 31, 2020 in an amendment to the 2020 Form 10-K/A and the unaudited interim financial statements as of March 31, 2021, June 30, 2021, and September 30, 2021 in an amendment to the Q3 Form 10-Q, both to be filed with the SEC."
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PHM | Hot Stocks18:21 EST PulteGroup raises quarterly cash dividend 7% to 15c per share - PulteGroup announced that its Board of Directors voted to approve a 7% increase in the company's quarterly cash dividend to 15c per common share. The increase will be effective with the company's next scheduled dividend, which is payable January 4, 2022, to shareholders of record at the close of business on December 15, 2021. "This is the fourth consecutive year in which PulteGroup has raised its dividend and brings the total per-share increase during this period to 67%," said PulteGroup President and CEO, Ryan Marshall. "The strong cash flows of the business have not only allowed us to again raise our dividend, but also fund year-over-year increases in both land investment and share repurchase activities in 2021."
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HOOD | Hot Stocks18:13 EST Robinhood says investigating issue impacting crypto trading - In its Status Page, Robinhood states: "We're investigating an issue that's affecting crypto trading and working to resolve it as soon as possible. " Reference Link
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AJG | Hot Stocks18:00 EST Arthur J. Gallagher acquires Sound Insurance Services, terms not disclosed - Arthur J. Gallagher & Co. announced the acquisition of Caulfield, Victoria-based Sound Insurance Services. Terms of the transaction were not disclosed. "Sound Insurance is a well-regarded broker with a strong growth record that will enhance our capabilities in Melbourne, particularly in the small corporate and mid-market segment," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am delighted to welcome Simon, Morris, Daniel, Mark and their associates to our growing, global team."
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KEYS | Hot Stocks17:52 EST Keysight Technologies VP Skinner sells 12,751 common shares - In a regulatory filing, Keysight Technologies VP and controller John Skinner disclosed the sale of 12,751 common shares of the company on November 29 at a price of $198.085 per share.
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JBT | Hot Stocks17:48 EST John Bean Technologies announces new $30M share buyback - John Bean Technologies Board of Directors authorized a new share repurchase plan of up to $30M of the company's common stock, effective January 1, 2022 through December 31, 2024.
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EGP | Hot Stocks17:46 EST EastGroup Properties raises quarterly dividend to $1.10 from 90c per share - The dividend is payable on January 15, 2022 to shareholders of record of Common Stock on December 31, 2021. Marshall Loeb, CEO, stated, "The dynamic growth of our Company and the corresponding increase in earnings, as well as exhausting a prior tax accounting change benefit, pushed us to increase the dividend payout. We anticipate that the rate of our dividend increase will normalize in 2022."
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WFRD | Hot Stocks17:30 EST Weatherford awarded digital oilfield project in Kuwait - Weatherford International plc announced it was awarded a three-year digital oilfield contract from one of the digital leaders in the upstream industry, Kuwait Oil Company, aiming to support its digital transformation strategy in North Kuwait Heavy Oil field and for deploying its Integrated Enterprise Excellence Platform across KOC. The award also includes instrumentation, real-time monitoring, and production optimization and assurance of wells to enable KOC to optimize its production and workover plans. The project scope will support KOC in performing heavy oil wells analysis, model tuning, well design, asset optimization, surveillance and forecasting, and integrating with different E&P applications. Weatherford will also deploy integrated planning and optimization solutions from the reservoir to export facilities at KOC's corporate level. In addition, the integrated solution will allow KOC to leverage the full value of its existing KwIDF systems while the Integrated Enterprise Excellence Platform will enhance efficiency and support KPI tracking.
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SQ AFTPF | Hot Stocks17:29 EST Afterpay postpones vote on Square takeover due to Spain delay - Afterpay (AFTPF) announced that, because the condition related to the prior non-opposition of the Bank of Spain remains outstanding, it will postpone the meeting of its shareholders to consider and vote upon a resolution to approve the takeover by Square (SQ), which had been scheduled for December 6. Afterpay and Square are considering options to proceed with a scheme meeting before the end of 2021, notwithstanding the fact that the condition related to the prior non-opposition of the Bank of Spain will not likely be satisfied prior to that time, Square disclosed in a regulatory filing. "If Afterpay and Square determine that this is not possible, it is likely the Scheme Meeting will be delayed until the new year," it added. Afterpay intends to open the scheme meeting on December 6, and immediately adjourn it to a time and date to be determined. Square continues to expect the closing of the transaction to occur in Q1 of 2022.
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RRD | Hot Stocks17:25 EST R.R. Donnelley board says Chatham proposal "superior", to terminate Atlas merger - R. Donnelley "announced that its Board unanimously determined that an unsolicited proposal from Chatham Asset Management, LLC to acquire all of the common stock of the Company not already owned by Chatham and its affiliates for $10.25 per share in cash constitutes a "Superior Proposal" as defined in the Company's previously announced definitive merger agreement with affiliates of Atlas Holdings LLC, dated as of November 3, 2021. Under the terms of the Atlas Merger Agreement, affiliates of Atlas have agreed to acquire the Company for $8.52 per share in cash. RRD has notified Atlas of the Board's determination that the Chatham Proposal constitutes a Superior Proposal and that RRD intends to terminate the Atlas Merger Agreement for the purpose of entering into a definitive merger agreement with affiliates of Chatham. Pursuant to the Atlas Merger Agreement, Atlas has the opportunity through December 7, 2021 to negotiate an amendment of the Atlas Merger Agreement such that the Chatham Proposal would no longer constitute a Superior Proposal. RRD intends, and is required under the Atlas Merger Agreement, to negotiate in good faith any adjustments or revisions to the terms and conditions of the Atlas Merger Agreement proposed by Atlas. RRD is not permitted to terminate the Atlas Merger Agreement or enter into a definitive merger agreement with affiliates of Chatham during the Negotiation Period."
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SQ | Hot Stocks17:22 EST Square ticker will remain 'SQ' following name change to Block - Square announce that it is changing its name to Block, which will be the name for the company as a corporate entity. "The change to Block acknowledges the company's growth...Block is an overarching ecosystem of many businesses united by their purpose of economic empowerment, and serves many people-individuals, artists, fans, developers, and sellers," the company said in a statement. The legal name "Square, Inc." is expected to be legally changed to "Block, Inc." on or about December 10. The company's NYSE ticker symbol "SQ" will not change at this time.
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PAE | Hot Stocks17:18 EST PAE announces expiration of "go-shop" period - PAE announced the expiration of the "go-shop" period under the terms of the definitive agreement of October 25in which it agreed to be acquired by an affiliate of Amentum Government Services in an all-cash transaction valued at approximately $1.9B, including the assumption of debt and certain fees. The go-shop period expired on November 29. The company did not receive an alternative acquisition proposal from any third party. The merger is expected to close in 1Q22, subject to customary closing conditions, including approval by PAE shareholders and receipt of regulatory approvals. Upon completion of the Merger, PAE common stock will no longer be listed on any public market.
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SJM | Hot Stocks17:17 EST J.M. Smucker divests dry pet food business, updates guidance - The J.M. Smucker Co. announced it has sold its private label dry pet food business, including its manufacturing facility in Frontenac, Kansas, to Diamond Pet Foods, in a cash transaction valued at approximately $33M. The transaction does not include any branded products or the company's private label wet pet food business. The divested business generated net sales of approximately $95M for the fiscal year ended April 30, 2021. The divestiture is immaterial to the company's adjusted earnings per share on a full-year basis. Smucker updated its FY22 guidance to reflect the removal of divested net sales for the remainder of the fiscal year. FY22 net sales are now expected to range from down 1% to flat compared to the prior year, which incorporates the impact of the divested Crisco, Natural Balance, and private label dry pet food businesses. On a comparable basis, net sales are expected to increase approximately 4.5% at the mid-point of the net sales guidance range. The company maintains its adjusted earnings per share guidance range of $8.35-$8.75 and free cash flow guidance of $700M.
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RTX | Hot Stocks17:15 EST Raytheon Technologies awarded $273.35M Navy contract modification - Raytheon Technologies was awarded a $273.35M firm-fixed-price, cost-plus-fixed fee, and cost only modification to a previously awarded contract to exercise options and add advanced radars detection laboratory generator support for Air and Missile Defense Radar; and Enterprise Air Surveillance Radar, integration and production support efforts. Work is expected to be completed by November 2022. FY17 shipbuilding and conversion funds in the amount of $14.06M; FY20 shipbuilding and conversion funds in the amount of $1.,99M; FY22 research, development, test and evaluation funds in the amount of $8.47M; FY21 shipbuilding and conversion funds in the amount of $6.87M; FY16 shipbuilding and conversion funds in the amount of $3.47M; FY22 operation and maintenance funds in the amount of $2.98M; FY19 shipbuilding and conversion funds in the amount of $2.2B and FY18 shipbuilding and conversion funds in the amount of $902,513 will be obligated at time of award, of which $2.98M will expire at the end of the current fiscal year. The Naval Sea Systems Command is the contracting activity.
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EXAS | Hot Stocks17:14 EST Exact Sciences announces RxPONDER trial data on Oncotype DX published in NEJM - The company states: "Exact Sciences announced that data from the Rx for Positive Node, Endocrine Responsive Breast Cancer, or RxPONDER, trial were published in The New England Journal of Medicine.iThe study, led by the independent SWOG Cancer Research Network and sponsored by the National Cancer Institute, successfully defined the benefit of chemotherapy in early-stage, node-positive breast cancer patients with Oncotype DX Breast Recurrence Score(R) results of 0 to 25. Initial results from RxPONDER were reported at the 2020 San Antonio Breast Cancer Symposium. The findings have now been confirmed in this peer-reviewed publication. In the study, postmenopausal women with 1 to 3 positive nodes and Recurrence Score(R) results of 0 to 25 showed no benefit from chemotherapy after a median of five years of follow-up, meaning they can potentially avoid negative side effects of the treatment. Importantly, no chemotherapy benefit was observed regardless of the number of affected nodes, tumor grade or size. In premenopausal women with 1 to 3 positive nodes, a statistically significant chemotherapy benefit was observed. Approximately one-third of patients diagnosed with hormone receptor (HR)-positive, HER2-negative early breast cancer have a tumor that has spread to their lymph nodes. The vast majority of these patients currently receive chemotherapy even though approximately 85% of them have Recurrence Score results of 0 to 25. In addition, approximately two out of three early-stage breast cancer patients are postmenopausal."
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BX | Hot Stocks17:09 EST Crown Resorts rejects latest Blackstone proposal - Crown Resorts refers to its announcement on November 19, 2021 in relation to the unsolicited and non-binding proposal from a company on behalf of funds managed and advised by Blackstone Inc. and its affiliates, to acquire all of the shares in Crown by way of a scheme of arrangement at a price of A$12.50 cash per share. The Crown Board has carefully considered the Proposal, including obtaining advice from Crown's financial and legal advisers. Crown has discussed the Proposal with Blackstone and its advisers and has also considered feedback from shareholders and regulators. The Crown Board is of the view that the Proposal does not represent compelling value for Crown shareholders. However, the Crown Board has offered Blackstone the opportunity to access non-public information to allow Blackstone to undertake initial due diligence inquiries on a non-exclusive basis so that it can formulate a revised proposal that adequately reflects the value of Crown. The provision of such information is conditional on Crown and Blackstone entering into an appropriate confidentiality agreement.
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TARO | Hot Stocks17:06 EST Taro Pharmaceutical appoints William Coote CFO - Taro Pharmaceutical Industries announced the appointment of William Coote as VP, CFO and Chief Accounting Officer, effective today. Coote has over 25 years of significant financial executive experience; most recently serving as Taro's AVP, Treasurer and Business Finance since 2008.
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PHAS | Hot Stocks17:05 EST PhaseBio jumps 13% to $2.15 after announcing Bentracimab phase 3 results
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PHAS | Hot Stocks17:04 EST PhaseBio says REVERSE-IT phase 3 trial for Bentracimab achieved endpoints - The company states: "PhaseBio Pharmaceuticals announced the publication of the interim results from REVERSE-IT in the New England Journal of Medicine Evidence, a new digital journal from the NEJM Group. REVERSE-IT is PhaseBio's ongoing pivotal Phase 3 trial of its lead product bentracimab, which is designed to study the reversal of the antiplatelet effects of ticagrelor in patients who present either (i) with a need for urgent surgery or an invasive procedure or (ii) who are experiencing uncontrolled major or life-threatening bleeding. The results of the prespecified interim analysis were previously presented on November 15, 2021, by Deepak L. Bhatt, M.D., M.P.H., Executive Director of Interventional Cardiovascular Programs at Brigham and Women's Hospital and professor at Harvard Medical School, during a Late-Breaking Science Session at the 2021 American Heart Association Scientific Sessions." John Lee, M.D., Ph.D., Chief Medical Officer, states: "We are pleased to see the publication of these highly positive interim Phase 3 results in a leading peer-reviewed scientific publication like NEJM Evidence. This first analysis of bentracimab in patients demonstrated a remarkable safety profile with no drug-related serious adverse events reported and a low thrombotic event rate. Importantly, the highly significant clinical efficacy demonstrated in the surgical patients suggests strongly that we will see similar efficacy in bleeding patients upon completion of the study. Both urgent surgery and major, uncontrolled bleeding represent clear unmet needs for patients on ticagrelor worldwide who lack an effective reversal agent. We remain on track to submit our planned Biologics License Application to the FDA in mid-2022 and intend to seek approval for both urgent surgery and major bleeding indications."
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CVX | Hot Stocks17:04 EST Chevron raises share buyback guidance range to $3B-$5B from $2B-$3B per year - Consistent with its track record of returning excess cash to shareholders, the company is raising its share buyback guidance range to $3B-$5B per year, versus prior guidance of $2B-$3B per year. "We're a better company than we were just a few years ago. We're more capital and cost efficient, guided by a clear and consistent objective to deliver higher returns and lower carbon," CEO Mike Wirth said. "And this enables us to return more cash to shareholders."
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CVX BG | Hot Stocks17:02 EST Chevron announces $15B capital and exploratory spending program for 2022 - Chevron (CVX) announced a 2022 organic capital and exploratory spending program of $15B, at the low end of its $15B-$17B guidance range and up more than 20% from 2021 expected levels. This capital program supports Chevron's objective of higher returns and lower carbon, including approximately $800M in lower carbon spending. The program excludes expected inorganic capital of $600M in anticipation of the formation of a renewable fuel feedstocks joint venture with Bunge (BG).
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NUAN | Hot Stocks16:57 EST Nuance EVP Weideman sells 139,988 common shares - In a regulatory filing, Nuance EVP and GM of the Enterprise Division Robert Weideman disclosed the sale of 139,988 common shares of the company on November 30 at a price of $55.4029 per share.
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FIVE | Hot Stocks16:50 EST Five Below jumps 9.6% to $207.40 after Q3 earnings beat, resumed FY21 guidance
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VEEV | Hot Stocks16:47 EST Veeva falls 5% to $258.49 per share after Q3 results, below-consensus FY23 guide
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WOR | Hot Stocks16:46 EST Worthington acquires Tempel Steel Company for $255M - Worthington Industries announced that its Steel Processing segment has completed its acquisition of Tempel Steel Company, a global manufacturer of precision motor and transformer laminations for the electrical steel market that includes transformers, machine motors and electric vehicle motors. The purchase price was approximately $255M and adds five manufacturing facilities located in Chicago, Canada, China, India and Mexico. The transaction, funded primarily with existing cash, includes Tempel's headquarters and manufacturing operations in Chicago with additional manufacturing facilities in Burlington, Canada, Changzhou, China, Chennai, India and Monterrey, Mexico and adds 1,500 employees.
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OEC | Hot Stocks16:46 EST Orion Engineered CEO acquires 30,000 common shares - In a regulatory filing, Orion Engineered Carbons CEO corning Painter disclosed the purchase of 30,000 common shares of the company on November 30 at a price of $17.39 per share.
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INBK | Hot Stocks16:45 EST First Internet Bancorp CEO buys $432.5K in common stock - In a regulatory filing, First Internet Bancorp disclosed that its CEO David Becker bought 10K shares of common stock on November 30th in a total transaction size of $432.5K, boosting his stake by about 3%.
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TMDI | Hot Stocks16:43 EST Titan Medical CEO David McNally steps down - Titan Medical announced that President and Chief Executive Officer David McNally has stepped down as President and CEO, and resigned from the Board of Directors effective today. Paul Cataford, Chair of the Board, has been appointed Interim President and CEO and Anthony J. Giovinazzo will assume the role of Lead Independent Director of the Board. The Board intends to commence a search process in early 2022 to identify a permanent CEO. "We continue to be impressed with Titan's strong fundamentals and look forward to starting clinical trials," said Mr. Cataford. "With the development of the EnosTM robotic single access surgical system, we look to provide an enhanced experience for surgeons and patients in robotic assisted surgery. Furthermore, as an innovation leader in robotic surgery, our significant and growing intellectual property portfolio of over 190 patents and applications provide potential licensing opportunities in addition to the subset that has been licensed to Medtronic. The company's entire IP portfolio, including those patents licensed to Medtronic, may be used in the company's own products and services."
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FLGT | Hot Stocks16:41 EST Fulgent Genetics confirms ability to detect omicron variant with RT-PCR tests - Fulgent Genetics "confirmed that the company's RT-PCR test for SARS-CoV-2, the virus that causes COVID-19, can successfully detect the recently emerged Omicron variant of the virus. In addition, Fulgent is confident that its Next Generation Sequencing tests for COVID-19 can accurately identify the variant."
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FIX | Hot Stocks16:35 EST Comfort Systems USA to acquire Ivey Mechanical Company - Comfort Systems USA, Inc. announced that it has entered into a definitive agreement to acquire Ivey Mechanical Company, headquartered in Kosciusko, Mississippi. Initially, Ivey is expected to contribute annualized revenues of approximately $150M-$160M, and earnings before interest, taxes, depreciation, and amortization of $7M-$9M. Considering the required amortization expense related to intangibles and other costs associated with the transaction, the acquisition is expected to make a neutral to slightly accretive contribution to earnings per share in 2022 and 2023. Brian Lane, Comfort Systems USA's Chief Executive Officer, commented, "We are very happy to announce that Ivey has brought its outstanding workforce and leadership into our family of companies. Ivey has strong construction and service capabilities, including the ability to collaborate with numerous of our operations. I am confident that we will benefit from their expertise as we invest in training and development for their people and business. In addition to well-known construction capabilities, Ivey has a terrific service business in several markets."
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DIS CG | Hot Stocks16:33 EST Disney names Susan Arnold Chairman of the Board, effective December 31 - The Walt Disney Company (DIS) Board of Directors announced that it has elected Susan Arnold as Chairman of the Board, effective December 31. Arnold, a 14-year member of the Disney Board who has served as its independent Lead Director since 2018, will succeed Robert Iger as Chairman of the Board when he departs the company at the end of the year. Arnold brings to her role extensive public-company board experience and in-depth knowledge of brand management and marketing, environmental sustainability, product and business development, international consumer markets, finance, and executive and risk management. She was formerly an operating executive of the equity investment firm The Carlyle Group (CG), where she served from 2013 to 2021.
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TBNK | Hot Stocks16:32 EST Territorial Bancorp declares 10c per share special dividend - Territorial Bancorp announced that its board of directors has declared a special cash dividend of 10c per share payable on December 23 to shareholders of record as of December 11.
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SQ | Hot Stocks16:31 EST Square changes corporate entity name to Block - The company states: "Square announced that it is changing its name to Block. Block will be the name for the company as a corporate entity. The Square name has become synonymous with the company's Seller business, which provides an integrated ecosystem of commerce solutions, business software, and banking services for sellers, and this move allows the Seller business to own the Square brand it was built for."
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ACMR | Hot Stocks16:31 EST ACM Research gets order from major U.S.-based global semiconductor maker - ACM Research announced the receipt of two orders for ACM's Ultra C SAPS V 12-chamber cleaning tools from a major U.S.-based global semiconductor manufacturer. Both tools are expected to be installed in the prospective customer's U.S. facilities for use in its advanced processes. The first order, scheduled for delivery in the first quarter of 2022, is an evaluation tool to further confirm the tool's cleaning performance and finalize specific features. The second order, scheduled for delivery in the second quarter of 2022, is a production tool intended for a high-volume manufacturing line. "These orders mark a significant milestone in ACM's globalization strategy and build upon recently- announced successes from three major semiconductor manufacturers with fabs in China.
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MUSA | Hot Stocks16:30 EST Murphy USA announces new $1B share repurchase program - The Board of Directors of Murphy recently authorized a new share repurchase authorization of up to $1B to begin upon completion of the current $500M authorization and to be executed by December 31, 2026. The new authorization is a continuation of the company's updated capital allocation strategy, which was announced in October 2020, and reaffirms the company's commitment to supplement organic growth initiatives with shareholder distributions, including our recently announced dividend growth plan, to maximize value creation over time.
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SUNS | Hot Stocks16:30 EST Solar Senior Capital trading resumes
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ACMR | Hot Stocks16:28 EST ACM Research gets order from major U.S.-based global semiconductor manufacturer - ACM Research announced the receipt of two orders for ACM's Ultra C SAPS V 12-chamber cleaning tools from a major U.S.-based global semiconductor manufacturer. Both tools are expected to be installed in the prospective customer's U.S. facilities for use in its advanced processes. The first order, scheduled for delivery in the first quarter of 2022, is an evaluation tool to further confirm the tool's cleaning performance and finalize specific features. The second order, scheduled for delivery in the second quarter of 2022, is a production tool intended for a high-volume manufacturing line. "These orders mark a significant milestone in ACM's globalization strategy and build upon recently- announced successes from three major semiconductor manufacturers with fabs in China. Today's announcement demonstrates further success of ACM's strategy to prove our proprietary and d
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SNOW | Hot Stocks16:27 EST Snowflake jumps nearly 13% to $350 after Q3 results
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UVSP | Hot Stocks16:22 EST Univest acquires Paul Sheaffer Insurance Agency, terms undisclosed - Univest and its insurance subsidiary, Univest Insurance, announced the acquisition of the Paul Sheaffer Insurance Agency, a full-service firm providing insurance solutions to businesses and individuals in Central Pennsylvania. The Paul I. Sheaffer Insurance Agency was founded by Paul I. Sheaffer in 1951. Headquartered in Intercourse, Pennsylvania, all of the agency's employees will be retained and begin operating under the name Univest Insurance, LLC immediately. Sheaffer will serve as senior vice president and Central Pennsylvania regional manager.
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GIFI | Hot Stocks16:21 EST Gulf Island Fabrication announces acquisition to expand services business - Gulf Island Fabrication announced the acquisition of the services and industrial staffing businesses of Dynamic Industries. The rationale for Expands services business. Grows the Company's customer base for its existing services offerings. The rationale for the acquisition includes diversifies services offerings. Expands the Company's services offerings to include coatings, scaffolding, and specialty services such as torquing and hydrotesting. Provides for revenue synergy opportunities. Allows for potential to cross-sell expanded services offerings to a broader customer base, while also providing the opportunity to pull-through fabrication work to DSS's customers. Increases skilled labor workforce. Nearly doubles the Company's craft labor headcount and expands its geographic footprint for craft labor to include South Texas and Western Louisiana. Provides entry into specialty staffing. Provides entry into the industrial staffing market, which will further help to attract and retain craft personnel.
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COST | Hot Stocks16:20 EST Costco reports November sales $18.13B, up 15.7% - Costco reported net sales of $18.13B for the retail month of November, the four weeks ended November 28, an increase of 15.7% from $15.67B last year. For the twelve-week first quarter ended November 21, the company reported net sales of $49.42B, an increase of 16.7% from $42.35B last year. For the thirteen weeks ended November 28, the company reported net sales of $54.1B, an increase of 16.8% from $46.33B last year. Reports November comparable sales up 14.1% and e-commerce comparable sales up 12.2%.
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CULP | Hot Stocks16:19 EST Culp, Inc. withdraws FY22 guidance - Culp, Inc states: "The company continues to navigate uncertainty in the macroeconomic environment related to customer supply chain disruption for non-fabric components, significant inflationary pressures, a challenging labor market, and fluctuation in foreign currency exchange rates. Although CULP is well positioned over the long term with its product-driven strategy and flexible global platform, the current headwinds are expected to continue pressuring results throughout the second half of FY22, especially during the third quarter. The third and fourth quarters will also be affected by the timing of the Chinese New Year holiday, which begins at the end of the third quarter and continues into the beginning of the fourth quarter. Due to the uncertain and rapidly changing inflationary environment, the lack of visibility relating to the duration and magnitude of customer supply chain disruptions, and uncertainty relating to the impact of the new Omicron variant of the coronavirus, the company is withdrawing its previously issued annual guidance for FY22 and is only providing a limited outlook for the third and fourth quarters until the current volatility stabilizes. The company's net sales and consolidated operating income for the third quarter of fiscal 2022 are expected to be sequentially comparable to the second quarter of fiscal 2022. The company expects a strong improvement in net sales and operating income for the fourth quarter of FY22, as compared to both the third quarter of FY22 and the fourth quarter of FY21."
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COCP | Hot Stocks16:18 EST Cocrystal Pharma presents preclinical antiviral compound data - Cocrystal Pharma presented preclinical data from its COVID-19 programs and outlined its clinical plans to advance two antiviral compounds at the World Antiviral Congress 2021 in San Diego. The presentation was delivered by Cocrystal president and co-interim CEO Sam Lee. Lee's presentation highlighted the advantages of Cocrystal's structure-based drug discovery platform technology in designing novel broad-spectrum antiviral leads, currently focused on COVID-19, influenza, and norovirus. Within the COVID-19 programs, he discussed in vitro and in vivo properties of Cocrystal's intranasal and oral main protease (Mpro) inhibitors and its clinical development plans. Cocrystal also unveiled clinical trial designs for CDI-45205, an intranasal lead, and its oral SARS-CoV-2 inhibitors. The Phase 1 study is planned as a randomized, placebo-controlled, double-blind, single-ascending-dose/multiple-ascending-dose trial in healthy volunteers evaluating safety, tolerability, pharmacokinetics and the effect of food. The Phase 2 study is planned as a randomized, double-blind, placebo-controlled trial in non-hospitalized patients with mild or moderate COVID-19, with change is viral load as the primary outcome measure. Cocrystal is currently awaiting the FDA's response to the CDI-45205 pre-IND briefing package submission.
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PHX | Hot Stocks16:17 EST PHX Minerals announces working interest divestitures, mineral acquisition - PHX Minerals announced that it has sold two packages of assets totaling 193 non-operated legacy working interest wellbores located primarily in the Arkoma Shale and Western Anadarko Shale plays of Oklahoma to two undisclosed buyers for a total of approximately $2,500,000. The buyers of the assets will also assume approximately $500,000 of asset retirement obligation from the Company. These working interest divestitures, along with the Fayetteville wellbores PHX sold last month, generated net proceeds of approximately $4,625,000 and represent 692 total gross legacy wellbores divested and approximately $670,000 in aggregate asset retirement obligation removed from the company's balance sheet. On a pro forma basis, PHX has 1,089 legacy working interest wellbores remaining. Additionally, PHX completed the acquisition of approximately 172 net royalty acres located primarily in Carter and Stephens County, Okla., for $1,376,416. This acquisition is predominately located in the same Springboard III area of the SCOOP play as the Company's previously closed April 2021 royalty acreage acquisition where current drilling activity continues to accelerate. The new royalty acreage acquisition, along with the cash acquisitions announced by the Company last month, represent a full redeployment of net proceeds received by the company for the working interest divestures. These recent working interest divestitures and royalty acquisitions are expected to have a neutral effect on overall production during 2022.
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FNMA | Hot Stocks16:17 EST Fannie Mae announces new finance leadership structure, Chryssa Halley as CFO - Fannie Mae appointed Chryssa Halley to Executive VP and CFO. Jim Holmberg has been promoted to Senior VP and Controller. In this role, Holmberg will be the company's principal accounting officer. As a result, David Benson, Fannie Mae's President, has discontinued serving as Fannie Mae's Interim CFO. Halley previously served as Fannie Mae's Senior VP and Controller. Holmberg joined Fannie Mae in 2009 and has held a number of roles, including Vice President-Finance Accounting, Vice President-Financial Reporting, and Acting Vice President for Securities Accounting.
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UNVR | Hot Stocks16:16 EST Univar acquires Sweetmix, terms not disclosed - Univar Solutions announced that it has acquired Sweetmix Distribuidora de Materias Primas Industriais Ltda, one of the top five distributors in Brazil of ingredients and specialty chemicals. Bringing together both new customers and suppliers as well as agreements with existing Univar Solutions' suppliers, Sweetmix significantly enhances the company's specialty food ingredients offering in Latin America. The business also enhances Univar Solutions position in the local coatings, adhesives, sealants and elastomers market. Terms of the transaction were not disclosed.
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PEB | Hot Stocks16:15 EST Pebblebrook Hotel acquires Estancia La Jolla Hotel & Spa - Pebblebrook Hotel Trust announced that it acquired the AAA Four Diamond 210-room Estancia La Jolla Hotel & Spa in La Jolla, California for $108M. The company retained Noble House Hotels & Resorts to manage this unique and impressive hacienda-style resort. For FY21, following a slow start to the year due to the COVID-19 pandemic, Estancia is forecasted to produce between $308M-$313M of total revenue per available room. The resort is expected to generate hotel EBITDA of $4.6M-$4.7M and hotel net operating income, after a 4% capital reserve, of $3.7M-$3.8M. For 2019, the resort generated hotel EBITDA of $8.1M and hotel NOI of $6.7M. The company funded the acquisition with approximately $46M of cash on hand, and it assumed approximately $62M of existing non-recourse, secured debt.
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ODC | Hot Stocks16:15 EST Oil-Dri Corporation of America to increase fluid purification products prices - Oil-Dri Corporation of America announced that it will increase prices for its fluid purification products. The price increases, effective January 1, 2022, will range up to 10% depending on the product. These pricing actions are necessary as the company said it is facing significant inflation across many key cost inputs, including natural gas, diesel, packaging, and non-fuel manufacturing costs.
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TSC | Hot Stocks16:15 EST TriState Capital to name Getz executive chairman, Fetterolf CEO - The Board of Directors of TriState Capital Holdings announced its decision to name James F. Getz executive chairman and appoint Brian S. Fetterolf to serve as the company's president and chief executive officer, effective January 1, 2022. Getz has served as chairman, president and CEO of TriState Capital since he founded the company in 2007. In addition to assuming his new leadership role on January 1, Mr. Fetterolf will continue to serve as a director of the company; president, CEO and a director of its TriState Capital Bank subsidiary; Vice Chairman and director of its Chartwell Investment Partners subsidiary, and president of its Chartwell TSC Securities Corp. broker-dealer subsidiary that facilitates the wholesale marketing of Chartwell Funds.
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ZUO | Hot Stocks16:15 EST Zuora CEO says Q3 was highest upsell quarter in history - "Q3 was another solid quarter. We continued to deliver strong performance, exceeding our guidance for operating metrics including total revenue, subscription revenue, and non-GAAP loss from operations. It was also the highest upsell quarter in Zuora's history. Based on our overall results, our dollar-based retention rate, and ARR growth, we are confident in our strategy and believe our opportunity in the Subscription Economy continues to expand," said Tien Tzuo, founder and CEO of Zuora.
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SLRC SUNS | Hot Stocks16:14 EST SLR Investment, SLR Senior Investment to merge - SLR Investment (SLRC) and SLR Senior Investment (SUNS) announced that they have entered into an agreement to merge together, with SLRC as the surviving company, subject to stockholder approval and customary closing conditions. The boards of directors of both SLRC and SUNS, on the recommendation of their special committees consisting only of the independent directors, have unanimously approved the transaction. Under the terms of the proposed merger, SUNS shareholders will receive an amount of SLRC shares with a net asset value equal to the NAV of SUNS shares that they hold at the time of closing. The exchange ratio will be determined within forty-eight hours prior to the closing such that shares issued by SLRC to SUNS shareholders will result in an ownership split of the combined company based on the respective NAVs of each of SLRC and SUNS. For illustrative purposes, based on NAVs as of September 30 and including expected transaction costs and distributions, SLRC would issue approximately 0.7763 shares for each SUNS share outstanding, resulting in approximate pro forma ownership of 77.2% for current SLRC stockholders and 22.8% for current SUNS stockholders. SLR Capital Partners will continue to serve as the investment adviser of the combined company and all current SLRC officers and directors will remain in their current positions. Effective upon closing of the merger, SLR Capital Partners has voluntarily agreed to a 25 basis points reduction of the base management fee, resulting in a base management fee of 1.50% on gross assets up to 200% of SLRC's total net assets as of the immediately preceding quarter end. SLRC will retain the contractual annual base management fee payable by SLRC of 1% on gross assets that exceed 200% of SLRC's total net assets as of the immediately preceding quarter end. The combined company will trade under the ticker symbol (SLRC) on Nasdaq and currently expects to continue to pay a quarterly distribution of 41c per share to the combined company's shareholders. However, there can be no assurance that the combined company will pay quarterly distributions at this amount or in any amount, and all future distributions will be subject to the approval of the combined company's board of directors. The merger is expected to be accretive to the net investment income of the combined company, reflecting anticipated operational synergies through the elimination of duplicative expenses, the 25 basis points voluntary reduction of SLRC's base management fee described above, and interest expense savings resulting from more efficient debt financing. The transaction, which is intended to be treated as a tax-free reorganization, is subject to various approvals by SLRC and SUNS stockholders and other customary closing conditions. Assuming these conditions are satisfied, the transaction is expected to close in the first half of 2022.
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HQI | Hot Stocks16:14 EST HireQuest names David Burnett CFO - HireQuest announced that David S. Burnett has joined the company as Chief Financial Officer. "We are very excited to have David join HireQuest. He will be a close advisor to me and an important member of our senior leadership team as we continue to expand and grow," said Rick Hermanns, HireQuest's President and Chief Executive Officer. "We are confident that his leadership and finance and accounting experience will benefit HireQuest and its employees and shareholders." Burnett will succeed Cory Smith, who is staying on with the company as Chief Accounting Officer.
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SNPS | Hot Stocks16:14 EST Synopsys co-CEO says entering FY22 with 'significant customer momentum' - "Synopsys delivered another record fiscal year in 2021, substantially exceeding our original targets, with strength in all product groups and geographies. We are entering fiscal year 2022 with significant financial, technology and customer momentum," said Aart de Geus, chairman and co-CEO of Synopsys. "Over the past several years, we have delivered disruptive innovations that are enabling the new era of 'smart everything,' an era that brings with it many new market entrants and increased investments. As a result, we are seeing a growing number of substantially expanded customer commitments and collaborations. In addition to fiscal year 2022 expectations of strong double-digit revenue growth, continued operating margin expansion, EPS growth in the mid-teens range, and nearly $1.5 billion in operating cash flow, we are also raising our long-term financial objectives, with increased EDA and IP revenue growth expectations."
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HSTM | Hot Stocks16:13 EST HealthStream acquires Rievent Technologies for about $4M in cash - HealthStream announced that it has acquired substantially all of the assets of Rievent Technologies, a Virginia-based healthcare technology company. Through the acquisition, HealthStream gains an innovative, SaaS-based continuing education management and delivery application, branded as Rievent, which supports publishers, professional associations, healthcare insurance companies, and healthcare providers, HealthStream said. "Rievent Technologies introduced one of the most advanced SaaS-based CME/CE management applications to the industry and we've consistently stayed ahead of the curve in making sure it's the best on the market to fulfill this vital need," said Randy Rienerth, founder & Chief Executive Officer, Rievent Technologies. "Our customers will benefit from expanded opportunities as part of HealthStream while continuing to receive outstanding service from the same Rievent team." HealthStream acquired substantially all of the assets of Rievent Technologies for approximately $4M in cash, subject to customary purchase price adjustments.
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ZVO | Hot Stocks16:12 EST Zovio names Randy Hendricks as new CEO - Zovio announced its Board of Directors has appointed Randy Hendricks its new CEO. Randy will assume the new role and join the Zovio Board of Directors on December 6. Randy will succeed George Pernsteiner, who served as the interim CEO for the past several months. In line with the company's transition, Pernsteiner will return to his post as Chairman of Zovio's Board of Directors.
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SUNS | Hot Stocks16:12 EST Solar Senior Capital trading halted, news pending
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DWAC | Hot Stocks16:12 EST Digital World Acquisition Corp trading resumes
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CLVT DAN | Hot Stocks16:12 EST Clarivate CFO Richard Hanks stepping down, Dana CFO Jonathan Collins to succeed - Clarivate (CLVT) announced a change to its executive leadership team. Executive VP and CFO Richard Hanks is leaving the company and will be succeeded by Jonathan Collins, who is currently Executive VP and CFO of Dana Incorporated (DAN). Collins will be joining Clarivate effective Dec. 16 as Executive ViP and CFO. Hanks will remain with Clarivate until April 1 to support the CFO transition. Collins has been EVP and CFO of Dana since March 2016. Prior to joining Dana, Collins was Senior VP and CFO for ProQuest from 2013-2016 and VP Global Financial Operations from 2010-2013.
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GRAB AGC | Hot Stocks16:12 EST Altimeter Growth completes business combination with Grab Holdings - Grab Holdings Limited (GRAB) completed its previously announced business combination with Altimeter Growth Corp. (AGC), a special purpose acquisition company. The transaction raised gross proceeds of $4.5B in the largest-ever U.S. public market debut by a Southeast Asian company. The business combination was approved by Altimeter stockholders in a special meeting held on November 30, 2021. Grab's common stock is expected to begin trading on the Nasdaq on December 2, 2021 under the ticker symbol "GRAB." "We truly believe this is Southeast Asia's time to shine, and we hope that our entrance into the global public market will help bring greater attention to the tremendous opportunity here in the region," said Anthony Tan, Group CEO and Co-founder, Grab. "Our evolution into a superapp was guided by the everyday problems we wanted to solve for the people we care about, and accelerated by the growing appetite for digital services in a rapidly transforming landscape. From on-demand mobility and deliveries to digital financial services, enterprise services and more, we believe we are only scratching the surface of the opportunity ahead of us. While there's no doubt this is an exciting moment, we're grounded in the knowledge that this is just day one. Our calling remains the same - to unlock greater opportunity for all Southeast Asians to participate in the digital economy." Proceeds include a fully committed $4B PIPE, the largest ever raised, led by $750M from funds managed by Altimeter Capital Management, LP. Other investors include funds and accounts managed or advised by BlackRock, Counterpoint Global (Morgan Stanley Investment Management), and T.Rowe Price Associates, Inc., as well as Fidelity International, Fidelity Management and Research LLC, Janus Henderson Investors, Mubadala, Nuveen, Permodalan Nasional Berhad, Temasek and K3 Ventures. Leading family groups from Indonesia including Djarum, the Sariaatmadja family and Sinar Mas also participated.
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SNOW | Hot Stocks16:12 EST Snowflake sees Q4 product revenue up 94%-96% y/y at $345M-$350M - Sees FY22 product revenue up 103%-104% y/y at $1.126B-$1.131B.
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DAN CLVT | Hot Stocks16:11 EST Dana names Timothy Kraus as CFO, succeeding Jonathan Collins - Dana (DAN) announced the appointment of Dana veteran Timothy Kraus as senior vice president and CFO. Kraus succeeds Jonathan Collins, who will be leaving Dana to become CFO of Clarivate (CLVT), an information and analytics provider. Collins will continue with Dana through Dec. 15 to assist with the transition. An officer of the company with more than a decade of experience at Dana, Mr. Kraus most recently served as senior vice president of finance and treasurer.
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SWIR | Hot Stocks16:11 EST Sierra Wireless names Russell Jones new board chair - Sierra Wireless announced that Russell Jones, who has served on the Board of Sierra Wireless since 2018, has been appointed by the Board of Directors to be the new Chair effective January 1, 2022, replacing Robin Abrams who joined the Board in March 2010 and has served as Chair since October 2018. Ms. Abrams will continue to serve as a director on the company's Board until her retirement from the Board at the upcoming Annual Meeting in the Spring of 2022.
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SNOW | Hot Stocks16:10 EST Snowflake reports Q3 net revenue retention rate of 173% - Reports Q3 Remaining performance obligations of $1.8B, representing 94% y/y growth, and 148 customers with trailing 12-month product revenue greater than $1M.
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DWAC | Hot Stocks16:10 EST Digital World Acquisition Corp trading halted, volatility trading pause
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INBX | Hot Stocks16:09 EST Inhibrx granted FDA orphan-drug designation for INBRX-109 - Inhibrx announced that the U.S. FDA has granted orphan-drug designation for INBRX-109 for the treatment of chondrosarcoma.
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SNPS | Hot Stocks16:08 EST Synopsys announces planned retirement of CFO Trac Pham - Synopsys announced that Trac Pham, CFO, intends to retire in 2022. To ensure an orderly transition, Pham will remain in his current role until a successor is in place. Synopsys will initiate a comprehensive search to identify a replacement.
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SPLK | Hot Stocks16:07 EST Splunk sees FY23 cloud ARR 'at least $2B' - Sees FY23 total ARR about $3.9B.
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AMGN | Hot Stocks16:02 EST Amgen reports 'positive' results from Otezla Phase 3 DISCREET trial - Amgen announced positive top-line results from the DISCREET trial, a Phase 3, multicenter, randomized, placebo-controlled, double-blind study to assess the efficacy of Otezla in adults with moderate to severe genital psoriasis and moderate to severe plaque psoriasis. The study showed that oral Otezla 30 mg twice daily achieved a clinically meaningful and statistically significant improvement, compared with placebo, in the primary endpoint of the modified static Physician's Global Assessment of Genitalia response at week 16. In addition, all secondary endpoints were also met with meaningful and significant improvements in Genital Psoriasis Itch Numerical Rating Scale response; affected body surface area change from baseline; Dermatology Life Quality Index change from baseline; and static Physician's Global Assessment response at week 16 with Otezla versus placebo.
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ERES | Hot Stocks16:01 EST East Resources Acquisition discloses Nasdaq non-compliance notice - East Resources Acquisition announced that, on November 30, 2021, it received a notice from the Listing Qualifications Department of The NASDAQ Stock Market stating that the Company is not in compliance with NASDAQ Listing Rule 5250(c) because the Company failed to timely file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021 with the Securities and Exchange Commission. The Notice has no immediate effect on the listing or trading of the Company's securities on the NASDAQ.
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SPPI | Hot Stocks16:01 EST Spectrum COO Tom Riga named next president, CEO - Spectrum Pharmaceuticals announced that Tom Riga, currently Chief Commercial and Chief Operating Officer, will be the next President and CEO effective December 31, 2021. Mr. Riga will also join the company's Board of Directors upon assuming his new role. Spectrum and Joseph Turgeon, President and CEO, have agreed that Mr. Turgeon will retire from Spectrum on December 31, 2021, after nine years with the company. Accordingly, he will also be stepping down from Spectrum's Board of Directors. "We welcome Tom as the new CEO of Spectrum and look forward to the continued benefits of his entrepreneurial and executive experience as we work to progress our two lead product candidates to commercialization," said William Ashton, Chairman of Spectrum's Board of Directors. "On behalf of the Board of Directors, I would also like to thank Joe for his many contributions to the company and wish him success in his future endeavors. The Board has been preparing for this day and we have complete confidence that Tom is the right leader for the organization as we embark on our next stage."
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RKLB BKSY | Hot Stocks15:35 EST Rocket Lab says next Electron mission scheduled during window that opens Dec. 7 - Rocket Lab USA (RKLB) revealed its next Electron mission is scheduled to take place during a launch window that opens on December 7, "fewer than three weeks since Rocket Lab's most recent mission on November 18." These two missions for BlackSky (BKSY) occur 19 days apart and "represent Rocket Lab's quickest turnaround in its launch history," the company stated. The "A Data With Destiny" mission for BlackSky managed through global launch services provider Spaceflight Inc., will be Rocket Lab's 23rd Electron launch and sixth mission of 2021. Rocket Lab will not be attempting to recover Electron for this mission, the company added.
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OBT | Hot Stocks15:14 EST Orange County Bancorp Inc trading resumes
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OBT | Hot Stocks15:10 EST Orange County Bancorp Inc trading halted, volatility trading pause
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ATNF | Hot Stocks14:53 EST 180 Life Sciences says Phase 2b trial met primary end point - 180 Life Sciences announced that Professor Jagdeep Nanchahal from the University of Oxford, a co-founder of 180 Life Sciences, presented a keynote address entitled "Re-purposing anti-TNF for Dupuytren's Disease" at the 2021 International Dupuytren Symposium on Wednesday, December 1. "As part of the keynote address, Professor Nanchahal described how his team unraveled the molecular mechanisms underlying the pathogenesis of Dupuytren's disease leading to the identification of Tumor Necrosis Factor as a potential therapeutic target and clinical trials he led to identify the optimal dose and formulation of adalimumab, an anti-TNF biologic. At the keynote, he also disclosed the top line data from the phase 2b clinical trial, for patients with early-stage disease, which met the primary end point of nodule hardness and the secondary end point of nodule size on ultrasound scan with statistically significant differences. There were no related severe adverse events. The full results have been submitted for publication in a peer-reviewed journal and will be disclosed on publication," the company stated.
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HALO JNJ | Hot Stocks14:28 EST Halozyme says Janssen receives FDA approval of Darzalex Faspro combo - Halozyme Therapeutics, Inc. (HALO) announced Janssen Biotech, Inc. (JNJ) received U.S. Food and Drug Administration approval of DARZALEX FASPRO in combination with Kyprolis and dexamethasone for the treatment of adult patients with relapsed or refractory multiple myeloma who have received one to three prior lines of therapy. This approval follows Janssen's regulatory submission to the FDA in February 2021. "We are pleased that Janssen received U.S. FDA approval for the ninth indication for DARZALEX FASPRO in multiple myeloma, this time in combination with Kyprolis (carfilzomib) and dexamethasone," said Helen Torley, president and chief executive officer at Halozyme. "With its three-to-five-minute subcutaneous administration, DARZALEX FASPRO is now a treatment option for a broader range of patients suffering from multiple myeloma." The FDA approval for DARZALEX FASPRO is based on data from Janssen's PLEIADES Study, which met its primary endpoint of overall response rate.
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GM | Hot Stocks14:21 EST General Motors raises FY21 adjusted EBIT view to about $14B form $11.5B-$13.5B - According to a regulatory filing, on December 1, 2021, Paul Jacobson, Executive Vice President and Chief Financial Officer of General Motors Company, will meet with investors at a virtual fireside chat hosted by Credit Suisse. Jacobson plans to discuss that the company now expects full-year 2021 EBIT-adjusted to be approximately $14B, higher than the previous outlook of the high end of the range of $11.5B-$13.5B.
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HPE | Hot Stocks14:14 EST HP Enterprise selected by DOE to build new supercomputer - Hewlett Packard Enterprise announced that it is has been selected by the Department of Energy's National Renewable Energy Laboratory to build a new supercomputer to support ongoing R&D "that will transform energy from geothermal, water, wind, solar, and fuels." The new supercomputer will also support energy initiatives related to security, resilience, storage, systems integration, energy justice, and community transitions, as well as transportation and mobility, buildings, and advanced manufacturing, HP Enterprise said in a statement. Reference Link
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EA | Hot Stocks13:48 EST EA's Respawn to discontinue new sales of first 'Titanfall' game - Respawn Entertainment, a game developer owned by Electronic Arts, said that it is discontinuing new sales of the original "Titanfall" game, released in 2014. "We've made the decision to discontinue new sales of the original Titanfall game starting today and we'll be removing the game from subscription services on March 1, 2022, " the studio said. "We will, however, be keeping servers live for the dedicated fanbase still playing and those who own the game and are looking to drop into a match. Rest assured, Titanfall is core to Respawn's DNA and this incredible universe will continue. Today in TItanfall 2 and Apex Legends, and in the future." Reference Link
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AMZN | Hot Stocks13:37 EST Amazon's AWS announces three new database capabilities - At AWS re:Invent, Amazon Web Services, an Amazon.com company, announced three new database capabilities that the company said "make it easier and more cost efficient for customers to scale and run the right databases for their job." AWS added: "Today's announcements introduce a new managed database service for business applications that allows customers to customize the underlying database and operating system, a new table class for Amazon DynamoDB designed to reduce storage costs for infrequently accessed data, and a service that uses machine learning to better diagnose and remediate database-related performance issues. Together, these innovations make it easier and more cost effective for customers to manage data at scale."
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AMGN JNJ | Hot Stocks13:32 EST Amgen announces FDA approves Kyprolis/Darzalex Faspro combo expansion - Amgen (AMGN) announced that the U.S. Food and Drug Administration has approved the expansion of the Kyprolis U.S. prescribing information to include its use in combination with Darzalex Faspro and dexamethasone for the treatment of adult patients with relapsed or refractory multiple myeloma who have received one to three lines of therapy. The expansion of the Kyprolis prescribing information to include Darzalex Faspro plus dexamethasone was supported by the ongoing, Phase 2, non-randomized, open-label, multicenter PLEIADES trial evaluating the clinical benefit of Darzalex Faspro administered in combination with four standard-of-care treatment regimens in patients with multiple myeloma. "I am pleased that the addition of subcutaneous daratumumab to Kyprolis plus dexamethasone will offer increased flexibility and convenience for patients with relapsed or refractory multiple myeloma and will greatly reduce the administration burden," said David M. Reese, M.D., executive vice president of Research and Development at Amgen. Separately, the Janssen Pharmaceutical Companies of Johnson & Johnson (JNJ) also announced the FDA approval of Darzalex Faspro in combination with Kyprolis and dexamethasone for the treatment of adult patients with relapsed or refractory multiple myeloma who have received one to three prior lines of therapy.
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JNJ | Hot Stocks13:22 EST Janssen announces FDA approves Darzalex Faspro combo for multiple myeloma - The Janssen Pharmaceutical Companies of Johnson & Johnson announced the U.S. Food and Drug Administration approval of Darzalex Faspro in combination with Kyprolis and dexamethasone for the treatment of adult patients with relapsed or refractory multiple myeloma who have received one to three prior lines of therapy. This approval follows the regulatory submission to the FDA in February 2021. "Today's approval of Darzalex Faspro, in combination with yet another widely used regimen, further substantiates the subcutaneous formulation as a foundational element in the treatment of multiple myeloma. We will continue to explore the full potential of Darzalex Faspro as part of our commitment to advancing science and transforming patient outcomes in the treatment of this disease," said Craig Tendler, M.D., Global Head of Late Development, Diagnostics & Medical Affairs, Hematology & Oncology, Janssen Research & Development.
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GCP | Hot Stocks13:16 EST GCP Applied Technologies up 14% after Bloomberg report on takeover interest
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RGR... | Hot Stocks13:07 EST FBI reports 2.72M NICS firearm background checks in November - The FBI reported that there were 2,717,458 firearm background checks initiated through the NICS system in November 2021. This compares to 3,626,335 checks in November 2020, and 2,593,168 checks in October 2021. Publicly traded companies in the space include Smith & Wesson Brands (SWBI), Sturm Ruger (RGR) and Vista Outdoor (VSTO). Reference Link
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BX | Hot Stocks13:02 EST Blackstone Tactical Opportunities acquires Sustana, terms not disclosed - Blackstone announced that funds managed by its Blackstone Tactical Opportunities business have acquired Sustana Group, a manufacturer of premium, sustainable recycled fiber, paper and packaging products, from an affiliate of H.I.G. Capital. Headquartered in De Pere, Wisconsin, Sustana uses post-consumer materials and the high standards for environmental sustainability to produce a comprehensive suite of recycled fiber, paper and packaging solutions for customers throughout North America. It services a diversified customer base through four facilities, all of which have leading energy efficiency, water conservation systems, wastewater treatment technology and recycling of process by-products.
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DSNKY | Hot Stocks12:58 EST Daiichi Sankyo treatment of peripheral T-cell lymphoma granted orphan status - Daiichi Sankyo's valemetostat tosylate was granted FDA orphan designation as a treatment of peripheral T-cell lymphoma, according to a post to the agency's website. Reference Link
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PING | Hot Stocks12:55 EST Ping Identity sees total addressable market 'at least' $50B through 2023 - Ping Identity said in investor day presentation slides: "Based on management's internal analysis, we estimate that our Total Addressable Market is at least $50 billion through 2023, with the customer and workforce use cases comprising $27 billion and $23 billion of the TAM, respectively. We quantify our market opportunity by identifying the total number of global companies above $500 million in annual revenue as identified by D&B Hoovers as of September 30, 2021 and segmenting these companies into four revenue bands. We then multiply the number of companies within each revenue band by our internal ARR data for that revenue band, assuming deployment of all our solutions and use cases at each of the companies, and apply an estimated market growth rate for the period."
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IBKR | Hot Stocks12:32 EST Interactive Brokers reports November daily average revenue trades up 22% - Interactive Brokers Group reported its electronic brokerage monthly performance metrics for November. The company reported 2.793M daily average revenue trades, 22% higher than prior year and 21% higher than prior month. Its ending client equity was $373.6B, 39% higher than prior year and 2% lower than prior month. Interactive's ending client margin loan balances were $54.4B, 65% higher than prior year and 1% higher than prior month.
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ACHC | Hot Stocks12:00 EST Acadia Healthcare forms JV with Orlando Health - Acadia Healthcare Company announced that it has formed a joint venture with Orlando Health, one of Central Florida's premier health systems. With Acadia's partnership, Orlando Health will expand inpatient and outpatient programs, enhance community outreach activities, improve patient experience, and develop new comprehensive psychiatric strategies across its entire healthcare system. "Acadia is proud to be partnering with Orlando Health to provide critical services to individuals and families in Orlando and the surrounding communities," said Debbie Osteen, Chief Executive Officer of Acadia Healthcare. "This joint venture expands our acute service line into Orlando, one of the fastest growing cities in the U.S. It is our 14th partnership. We will continue to seek partnerships with premier health systems across the country who share our commitment to provide healing and hope to those in need." "We take great pride in providing the full continuum of care to our patients," said Gregory P. Ohe, Senior Vice President, Ambulatory and Post-Acute Services, Orlando Health. "This partnership sets us on a strategic path to meet the current and future behavioral health needs in the communities we serve."
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EGHT | Hot Stocks12:00 EST 8x8 falls -7.4% - 8x8 is down -7.4%, or -$1.59 to $19.96.
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LOCL | Hot Stocks12:00 EST Local Bounti falls -7.9% - Local Bounti is down -7.9%, or -52c to $6.05.
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KNOP | Hot Stocks12:00 EST Knot Offshore Partners falls -10.2% - Knot Offshore Partners is down -10.2%, or -$1.60 to $14.10.
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BOX | Hot Stocks12:00 EST Box rises 12.6% - Box is up 12.6%, or $2.95 to $26.36.
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TGS | Hot Stocks12:00 EST Transportadora de Gas del Sur SA rises 13.6% - Transportadora de Gas del Sur SA is up 13.6%, or 55c to $4.60.
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BBW | Hot Stocks12:00 EST Build-A-Bear rises 28.5% - Build-A-Bear is up 28.5%, or $4.86 to $21.92.
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ABUS | Hot Stocks11:59 EST Arbutus says preliminary data show AB-836 generally safe, well-tolerated - Arbutus Biopharma announced preliminary data from its on-going Phase 1a/1b clinical trial demonstrating that its next generation capsid inhibitor, AB-836, is generally safe and well-tolerated in both healthy subjects and patients with cHBV and provides robust antiviral activity. Gaston Picchio, Ph.D., Chief Development Officer at Arbutus, commented, "These preliminary results demonstrate that AB-836 is generally safe and well-tolerated in both single- and multiple-doses in healthy subjects and at doses up to 100mg administered once daily for 28 days in cHBV patients. In addition, the mean Day 28 drop in HBV DNA observed to date with a relatively low dose suggests that AB-836 is a very potent inhibitor of HBV replication making it an ideal candidate to potentially completely suppress viral replication. We look forward to continuing to evaluate the safety and efficacy of AB-836 in Part 3 of this trial." The Phase 1a/1b clinical trial is designed to evaluate the safety, tolerability, pharmacokinetics and antiviral activity of single and multiple doses of AB-836 in healthy subjects and patients with cHBV. The trial consists of three parts. Part 1 evaluated alternating single doses of AB-836 or placebo ranging from 10mg to 175mg in a fasted or fed state in healthy subjects. Part 2 evaluated multiple ascending doses of 50mg, 100mg or 150mg of AB-836 or placebo once daily for 10 days in healthy volunteers. Part 3, which is still on-going, is currently randomizing HBV DNA positive cHBV patients who are HBeAg positive or negative to receive either 50mg or 100mg of AB-836 or placebo once daily for 28 days. In Parts 1 and 2, a total of 47 healthy subjects were enrolled and dosed. There were no deaths or serious adverse events (SAEs) observed. One healthy subject that received 50mg once daily discontinued after treatment on day 13 due to an adverse event (AE) of agitation. All but three AEs were mild (Grade 2 headache, agitation and bronchitis), and only one was assessed as related to AB-836 (Grade 1 rash). There were no clinically significant abnormalities in clinical laboratory tests, ECGs, vital signs or physical exams noted. In Part 3, 16 cHBV patients have been dosed thus far with enrollment continuing. Among those who received 100mg once daily for the full 28 days (n=4), robust antiviral activity was observed at Day 28 of treatment with a mean (SE) log10 change from baseline of -3.1 (0.5). There have been no deaths or AEs. One cHBV patient that received 100mg of AB-836 had a transient increase in ALT from baseline Grade 1 to Grade 3 at a single visit that resolved with continued dosing and had no associated symptoms. There were no clinically significant abnormalities in ECGs, vital signs or physical exams noted. Arbutus is continuing to enroll and dose cHBV patients in Part 3 of the clinical trial and anticipates presenting additional data at a medical conference in 2022.
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JNJ AMGN | Hot Stocks11:57 EST FDA approves J&J, Amgen treatments for multiple myeloma - The Food and Drug Administration announced the approval of Johnson & Johnson's (JNJ) daratumumab plus hyaluronidase-fihj and Amgen's (AMGN) carfilzomib plus dexamethasone for adult patients with relapsed or refractory multiple myeloma who have received one to three prior lines of therapy. Reference Link
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ARLO | Hot Stocks11:56 EST Arlo says AI-powered subscription service surpasses 1M paid accounts - Arlo Technologies, Inc. announced its AI-powered subscription service has surpassed 1M paid accounts. "The acceleration of our subscriber base continues with paid accounts nearly doubling since March 2021," said Matt McRae, CEO of Arlo. "Achieving this milestone faster than forecasted demonstrates Arlo's ability to provide trusted smart home security solutions that address fundamental customer needs. The recent launch of Arlo Secure, featuring the industry-first Emergency Response feature, shows our focus on innovation remains as we create additional value for our service offerings. We are proud to play such an important role in our customers' lives."
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CNTX | Hot Stocks11:52 EST Centrexion Therapeutics Corp trading resumes
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CNTX | Hot Stocks11:47 EST Centrexion Therapeutics Corp trading halted, volatility trading pause
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MZDAY | Hot Stocks11:47 EST Mazda reports North America November sales down 5.3% to 20,602 vehicles - Mazda North American Operations reported total November sales of 20,602 vehicles, a decrease of 5.3% compared to November 2020. Year-to-date sales totaled 313,334 vehicles, an increase of 26.4% compared to the same time last year. With 24 selling days in November, compared to 23 the year prior, the company posted a decrease of 9.2% on a daily selling rate basis.
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NUVA | Hot Stocks11:39 EST FDA posts letter to health care providers on NuVasive device concerns - In a letter to health care providers dated December 1 posted to its website, the U.S. Food and Drug Administration said it "continues to monitor potential biocompatibility concerns associated with NuVasive Specialized Orthopedics' Precice devices made from stainless steel and titanium." The letter adds: "Today, the FDA is providing updated information and recommendations on the titanium-based Precice devices. On November 30, 2021, NuVasive issued a field safety noticeExternal Link Disclaimer to inform health care providers of updated labeling and the ship hold in the United States was lifted for titanium-based Precice devices. NuVasive also announced a voluntary recall to notify users of the updated labeling for titanium-based Precice devices... The FDA believes it is in the best interest of patients to make titanium-based Precice devices available in the United States. At this time, the overall benefits of the devices outweigh the known risks for on-label use with the updated labeling, compared to alternative treatments." Reference Link
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HMC | Hot Stocks11:37 EST Honda reports November U.S. sales down 17.1% to 85,055 units - American Honda reports auto sales totaled 85,055 units in November, down 17.1% from the same month of last year, due to limited inventory of key Honda and Acura models. Reference Link
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GFL | Hot Stocks11:29 EST GFL Environmental to 'work cooperatively' with Competition Bureau - The company said, "GFL Environmental is aware that the Commissioner of Competition has filed an application challenging certain aspects of the Company's acquisition of Terrapure Environmental. In response to the Application, GFL notes the following: The Acquisition closed on August 17, 2021, following the expiration of the statutory waiting period under the Competition Act. The Application relates to seven specific locations in Western Canada. The locations referenced in the Application generate annual revenue of approximately $30M. GFL intends to work cooperatively with the Competition Bureau to resolve this matter."
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MRNA... | Hot Stocks11:28 EST Moderna drops 8% after denied appeal in drug delivery patent fight - Shares of Moderna (MRNA) are down $29.27, or 8%, to $323.16 after the U.S. Court of Appeals for the Federal Circuit affirmed a patent review board's findings that upheld parts of two Arbutus (ABUS) patents on drug-delivery technology and dismissed Moderna's appeal "for lack of standing." Arbutus owns the '435 patent directed to "stable nucleic acid-lipid particles comprising a nucleic acid, methods of making the SNALP, and methods of delivering and/or administering the SNALP." Moderna petitioned for inter partes review of the '435 patent and Moderna asserted three grounds challenging all claims of the '435 patent, the ruling noted. Arbutus Biopharma shares have jumped $1.55, or 48%, to $4.75 following the appeals court ruling, while those of Roivant Sciences (ROIV), an Arbutus shareholder, are up 13% to $7.50.
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IAIC | Hot Stocks11:03 EST Information Analysis Incorporated appoints Randy Boone as chief growth officer - Information Analysis Incorporated announced the appointment of Randy Boone as Chief Growth Officer and Heather Tortorelli as newly appointed Chief Revenue Officer. Mr. Boone will lead the company's aggressive expansion of its sales and channel teams and Mrs. Tortorelli will head the company's marketing efforts. Boone held the position of Senior Sales Representative at Rapidfire Tools from 2020 to 2021. Tortorelli is an IT business leader, with her most recent experience serving as CEO of Tellenger.
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MSFT | Hot Stocks11:01 EST Microsoft announces general availability of Teams Essentials - Microsoft announced the general availability of Teams Essentials, which it calls "the first-ever standalone Microsoft Teams offering, designed specifically for small businesses." Microsoft said: "Teams Essentials gives small businesses a professional and affordable meetings solution to support collaboration, connection and productivity in a hybrid work environment. At $4 USD per person, per month, Teams Essentials is the most competitively priced online meetings and collaboration solution in the market."
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SRAX | Hot Stocks10:52 EST SRAX to deconsolidate BIGtoken following BritePool merger - SRAX announces that from this date forward, it will no longer have to consolidate the financials of BIGtoken. On September 27, 2021, BIGtoken, the leading ethically-sourced identity, data, and insights creation and media activation platform, and BritePool, Inc., a leading identity verification company for advertisers and publishers, entered into an agreement and plan of merger in an all-stock transaction. Today, with the completion of this union, SRAX is no longer obligated to consolidate BIGtoken into its financials. SRAX currently holds their BIGtoken position on the balance sheet at approximately $4M. This will now be adjusted on a quarterly basis to mark the position to market.
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GM PKX | Hot Stocks10:51 EST GM, POSCO Chemical to build a North America factory to process CAM - General Motors (GM) and POSCO Chemical (PKX) announced plans to form a joint venture through which the parties will construct a factory in North America to process critical battery materials for GM's Ultium electric vehicle platform. The joint venture will process Cathode Active Material, a key battery material that represents about 40 percent of the cost of a battery cell. The location of the facility, which will create hundreds of jobs when it opens in 2024, will be announced later. The new facility will supply the Ultium Cells LLC facilities GM and LG Energy Solution are building in Lordstown, Ohio and Spring Hill, Tennessee. Two more U.S.-based Ultium cell plants are planned by mid-decade as GM drives mass adoption of EVs with high-volume Ultium-powered EVs, including a Chevrolet crossover priced around $30,000. GM and POSCO Chemical have signed a non-binding term sheet to create the joint venture and expect to execute definitive agreements soon.
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CDNS... | Hot Stocks10:48 EST Cadence Design expands collaboration with TSMC,Microsoft - Cadence Design Systems (CDNS) announced the results of the 2021 three-way collaboration with TSMC (TSM) and Microsoft (MSFT), which focused on utilizing a cloud infrastructure to accelerate digital timing signoff of 10+ billion transistor designs. These large designs are the heart of advanced applications such as hyperscale computing, graphics and machine learning applications. Given the enormous size of these designs, engineering teams are constantly challenged to meet schedule and compute budget. Through this collaboration, common customers can accelerate their signoff schedule and reduce compute cost by adopting the Cadence Tempus Timing Signoff Solution and TSMC technologies using the ready-to-use Cadence CloudBurst Platform and Microsoft Azure Cloud.
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WNW | Hot Stocks10:17 EST Wunong Net announces name change to Meiwu Technology Company - Wunong Net Technology Company is pleased to announce that effective on December 2, 2021, the Company will change its name to "Meiwu Technology Company Limited".
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OLB | Hot Stocks10:07 EST OLB Group to acquire CBD merchant portfolio - The OLB Group announced it has entered into a definitive agreement to acquire a portfolio of cannabidiol merchants that will utilize the company's SecurePay Payment Gateway to process payments. The acquired merchant portfolio has demonstrated a historical annual transaction run rate where it is anticipated to achieve an annual transaction volume of approximately $400M in 2022, providing OLB with a significant foothold in the nearly $3B global CBD market while adding an accomplished and experienced sales channel to the OLB team. The OLB Group anticipates, based on the historical performance of the group of merchants, an additional $20 million in annual revenue and $5 million in earnings before interest, taxes, depreciation, and amortization for the company's payment processing business. Terms of the transaction can be found in the Company's SEC filing.
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BAESY | Hot Stocks10:05 EST BAE Systems, U.S. Air Force collaborate for Compass Call platform - The U.S. Air Force has collaborated with BAE Systems to cross-deck the company's advanced Compass Call electronic warfare system onto its next-generation electronic warfare aircraft. It is a critical upgrade for the EC-37B Baseline 4 platform that comes on the 40th anniversary of Compass Call, and is facilitated by BAE Systems' Small Adaptive Bank of Electronic Resources technology. The SABER system transitions from hardware to software-based electromagnetic spectrum warfare capability on Compass Call. The system is built on a suite of software defined radios using an open system architecture and will provide the backbone of the EC-37B's operati
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GFI | Hot Stocks10:02 EST Gold Fields announces 2030 ESG targets - Gold Fields Limited published a comprehensive set of 2030 targets for its most material environmental, social and governance priorities. The targets include a commitment to reduce its Scope 1 and 2 carbon emissions by 30% on a net basis and by 50% on an absolute basis by 2030. As a signatory to the Paris Agreement on climate change, Gold Fields is committed to Net Zero carbon by 2050. The Company is also setting ambitious new goals for its water and environmental stewardship, the management of its tailing facilities and to creating value for its stakeholders, particularly host communities. For its employees, Gold Fields is seeking to further improve safety, health and wellbeing, and to achieve greater inclusion and diversity, by targeting a 30% female workforce by 2030. Gold Fields has therefore embedded ESG as one of the three pillars in its strategy. The three pillars are: Maximise potential from current assets through people and innovation; Build on our leading commitment to ESG; Grow the value and quality of our portfolio of assets. Furthermore, Gold Fields has developed new Purpose and Vision statements that reflect the strengthened commitment to ESG. The new Vision, which replaces the previous commitment to leadership in sustainable gold mining, is: To be the preferred gold mining company delivering sustainable, superior value. The Purpose Statement is: Creating enduring value beyond mining. Gold Fields' new ESG Charter is built on the substantive work that the company has carried out since 2016, including: Investing $400m in energy projects, largely funded through power purchasing agreements, already ensuring that two of our Australian mines are partially powered by renewable energies. Commencing the construction of a R715m solar power plant at South Deep that will provide the mine with about a quarter of its power requirements and save it over R120m a year in electricity costs. The capacity of the plant has been increased from 40MW to 50MW. Raising the percentage of women in the workforce from 15% in 2016 to 21% at present. Ensuring that a significant amount of the value Gold Fields creates remains with its communities through a focus on host community employment and procurement. Limiting our impact on the environment by curtailing serious environmental incidents, recycling over 70% of the water our operations use in their processes and limiting freshwater usage by our mines.
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QTWO | Hot Stocks10:01 EST Q2 Holdings names Kirk Coleman as chief banking officer - Q2 Holdings announced the appointment of Kirk Coleman as its chief banking officer. In this role, Coleman will be responsible for driving Q2's growth strategy, product management and marketing, to meet increasing customer demand for Q2's comprehensive digital banking and lending solutions. Prior to joining Q2, Coleman founded Centerline Advisors in July 2020 with the mission of helping mid-sized financial institutions and fintechs develop actionable strategies.
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LAC | Hot Stocks10:00 EST Lithium Americas falls -5.7% - Lithium Americas is down -5.7%, or -$2.24 to $37.07.
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MN | Hot Stocks10:00 EST Manning & Napier falls -6.3% - Manning & Napier is down -6.3%, or -56c to $8.32.
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LOCL | Hot Stocks10:00 EST Local Bounti falls -7.9% - Local Bounti is down -7.9%, or -52c to $6.05.
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GCP | Hot Stocks10:00 EST GCP Applied Technologies rises 10.9% - GCP Applied Technologies is up 10.9%, or $2.55 to $25.89.
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BBW | Hot Stocks10:00 EST Build-A-Bear rises 11.6% - Build-A-Bear is up 11.6%, or $1.98 to $19.04.
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BOX | Hot Stocks10:00 EST Box rises 11.8% - Box is up 11.8%, or $2.75 to $26.16.
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SIGA | Hot Stocks09:56 EST Siga Technologies announces Health Canada regulatory approval of oral TPOXX - SIGA Technologies announced that Health Canada has approved oral TPOXX as an extraordinary use new drug. Specifically, Health Canada has authorized the use of oral TPOXX for the treatment of human smallpox disease in adults and pediatric patients weighing at least 13 kg.
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EDN | Hot Stocks09:47 EST Edenor falls -5.4% - Edenor is down -5.4%, or -32c to $5.60.
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LAC | Hot Stocks09:47 EST Lithium Americas falls -6.0% - Lithium Americas is down -6.0%, or -$2.34 to $36.97.
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LOCL | Hot Stocks09:47 EST Local Bounti falls -7.9% - Local Bounti is down -7.9%, or -52c to $6.05.
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GCP | Hot Stocks09:47 EST GCP Applied Technologies rises 9.3% - GCP Applied Technologies is up 9.3%, or $2.16 to $25.50.
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BOX | Hot Stocks09:47 EST Box rises 12.6% - Box is up 12.6%, or $2.95 to $26.36.
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BBW | Hot Stocks09:47 EST Build-A-Bear rises 14.3% - Build-A-Bear is up 14.3%, or $2.44 to $19.50.
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OP | Hot Stocks09:41 EST OP Stock trading resumes
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ADGI | Hot Stocks09:40 EST Adagio Therapeutics Inc trading resumes
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ISPC | Hot Stocks09:38 EST iSpecimen Inc trading resumes
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OP | Hot Stocks09:36 EST OP Stock trading halted, volatility trading pause
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ADGI | Hot Stocks09:35 EST Adagio Therapeutics Inc trading halted, volatility trading pause
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VZ | Hot Stocks09:34 EST Verizon awarded $34.6M in digital modernization contracts with U.S. DOE - Verizon Public Sector has been awarded $34.6M through two contract awards with the U.S. Department of Energy. The task orders were awarded through the federal government's Enterprise Infrastructure Solutions contract vehicle. The win for Verizon includes voice and data services and will involve a number of DOE facilities, including their Washington, D.C. headquarters.
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ISPC | Hot Stocks09:33 EST iSpecimen Inc trading halted, volatility trading pause
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BSGM | Hot Stocks09:29 EST BioSig Technologies appoints Gary Fleming as CCO - BioSig Technologies announced the appointment of Gray Fleming as Chief Commercial Officer. Fleming brings to the Company over 20 years in the healthcare industry, including 17 years at Abbott Laboratories and St. Jude Medical.
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CBT | Hot Stocks09:29 EST Cabot signs MOU with IFF Health and Biosciences on additives for rubber products - Cabot announced it has signed a memorandum of understanding, or MOU, with IFF Health and Biosciences for the development and commercialization of sustainable reinforcing additives for rubber products. Under the terms of this MOU, Cabot and IFF will exclusively work together to accelerate the advancement of solutions that reduce greenhouse gas emissions and increase the amount of renewable bio-based content in rubber products. Over the last year, the two companies have been exploring the development of novel, highly sustainable rubber reinforcing additives based on the use of IFF's Nuvolve engineered polysaccharide. Under the terms of this new MOU, Cabot will lead the development and commercialization of this novel product as a complementary material to Cabot's reinforcing carbons in rubber applications, leveraging the sustainability benefits of a renewable resourced material.
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AVAV | Hot Stocks09:27 EST AeroVironment receives $4.15M DoD contract - AeroVironment announced it received a $4.15M firm-fixed-price U.S. Department of Defense Foreign Military Sales contract award on to provide Puma 3 AE and Wasp AE small unmanned aircraft systems, or UAS, initial spares packages, training and support to an allied nation. Delivery is anticipated by September 2022.
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SOPH | Hot Stocks09:27 EST Sophia Genetics launches DEEP-Lung-IV multimodal clinical study - Sophia Genetics is launching its DEEP-Lung-IV clinical study. The study leverages deep learning-enabled analysis of the aggregation of multimodal clinical, biological, genomic and radiomics data to identify and validate predictive signatures associated with response to immunotherapy and prognosis of patients with metastatic non-small cell lung cancer. The DEEP-Lung-IV clinical study aims to predict immunotherapy treatment response at first evaluation at the individual patient level using data across multiple modalities including genomics, radiomics, clinical and biological data. The study also aims to validate an algorithm that will allow the prediction of outcomes at the individual patient such as progression-free survival and overall survival. This predictive model will help identify patients that are likely to benefit from immunotherapy versus those that are not, as well as stratify patients according to risk, helping clinicians make more informed therapeutic decisions for their patients and supporting biopharma to ensure the right patients are selected for clinical trials.
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TRNO | Hot Stocks09:26 EST Terreno Realty acquires $13.8M industrial property in California - Terreno Realty acquired an industrial property in Rancho Dominguez, California on November 30 for a purchase price of approximately $13.8M. The 2.3-acre improved land parcel at 14725 S. Maple Avenue is between Los Angeles International Airport and the Ports of Los Angeles and Long Beach and adjacent to Terreno Realty land parcel at 14732 S. Maple Avenue. The property is leased on a short-term basis through March 2022 and the estimated stabilized cap rate is 4.9%.
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BX | Hot Stocks09:25 EST APT announces bid for New Jersey Board of Public Utilities solicitation - Atlantic Power Transmission, a Blackstone portfolio company, announced its bid to develop a clean power transmission solution in response to the 2021 New Jersey Offshore Wind SAA Transmission Solicitation initiated by the New Jersey Board of Public Utilities, in collaboration with PJM Interconnection. APT's project offers a total offshore wind transmission solution of up to 3,600 MW and is expected to provide over $1.3B in economic value to the New Jersey economy. The project is expected to deliver clean offshore wind power to over 1.5M New Jersey families, enabled by an underground clean energy corridor connecting to an existing substation in Central New Jersey. APT has prioritized union labor and has partnered with the New Jersey union coalition, including Eastern Atlantic States Regional Council of Carpenters, International Union of Operating Engineers Locals 825 and 25 and Iron Workers Local 399.
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RIOT | Hot Stocks09:23 EST Riot Blockchain acquires ESS Metron for $50M - Riot Blockchain announced that it has acquired Ferrie Franzmann Industries d/b/a ESS Metron. The total consideration payable in the transaction is valued at approximately $50 million, consisting of up to 715,413 shares of Riot common stock and $25 million in cash, funded with cash on the balance sheet. ESS Metron is a leader with over sixty years of experience in designing and producing highly engineered electrical equipment solutions, many of which are mission-critical to successfully deploying Bitcoin mining operations at scale. Acquisition assists in ensuring Riot's timely miner installations by de-risking procurement of mission-critical infrastructure. Acquisition enhances Riot's competitive position across the electrical supply chain, as ESS Metron is also a leading supplier to numerous third-party clients. Transaction valued at approximately $50 million, $25 million payable in cash, and remainder in issuance of up to 715,413 shares of Riot's common stock. The acquisition of ESS Metron, currently a key supplier to Riot's Whinstone facility, is highly complementary to Riot and its ongoing infrastructure expansion to 700 MW. ESS Metron provides highly engineered, custom product offerings mission-critical to Bitcoin mining infrastructure and significantly improves Riot's ability to improve its internal engineering capabilities. ESS Metron's engineering proficiency has been a critical component in developing Riot's customized immersion-cooling technology for its previously announced 200 MW immersion-cooling expansion project. ESS Metron is expected to continue to operate as an independent subsidiary of Riot, with the entire employee team being retained. Riot and ESS Metron look forward to continuing the long-term relationships built over decades with ESS Metron's customers and suppliers. ESS Metron is based in Denver, Colorado, operating from facilities totaling approximately 121,000 square feet. The facilities are subject to long-term lease agreements.
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HLTH OMCL | Hot Stocks09:19 EST Cue Health's COVID-19 self-test approved in Singapore - Cue Health received Pandemic Special Access Route authorization from the Health Sciences Authority for the Cue COVID-19 Test for self-testing in Singapore. The Cue COVID-19 Test is the first natively digital molecular diagnostic product ever authorized for consumer home use in Singapore. Cue's partnership with Omnicell (OMCL) allows Cue to immediately begin supporting public sector use of the Cue COVID-19 Test. Cue intends to explore both public and private sector partnerships that Cue believes will further enable the complete utilization of the Cue Health Monitoring System for not only the Cue COVID-19 Test, but also Cue's future test menu and other offerings.
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MTTR AMZN | Hot Stocks09:19 EST Matterport announces availability of platform in AWS Marketplace - Matterport announced the availability of its platform in AWS Marketplace, an online software store that helps customers find, buy, and immediately start using the software and services that run on Amazon Web Services. As a result, AWS customers will be able to access the power and capabilities of Matterport's digital twin technology with AWS add-ons that supercharge the value of digitization. In addition, they will benefit from the joint offerings that the companies take to market. Matterport and AWS will collaborate amongst technical teams to build deep technology integrations, as well as their sales and marketing teams to serve new enterprise customers.
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BHTG | Hot Stocks09:16 EST BioHiTech Global receives multi-unit food waste digester order from Villanova - BioHiTech Global announces that it has received an order for three Revolution Digesters in support of Villanova University's Dining Services' commitment to sustainability and toward protecting and preserving the environment, striving to reduce waste campus-wide, and utilizing renewable resources as much as possible in all its dining locations. Sustainable dining practices and waste reduction is stressed throughout Villanova's dining operations.
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SSNC BPRMF | Hot Stocks09:16 EST SS&C makes recommended cash offer for Blue Prism Group - SS&C's (SSNC) wholly-owned indirect subsidiary Bolt Bidco has published an announcement of its recommended cash offer for the entire issued and to be issued share capital of Blue Prism Group (BPRMF) for 1,275 pence per Blue Prism share, implying an equity value of approximately $1.7B for Blue Prism . Blue Prism is a robotics process automation company headquartered in the UK. SS&C expects the highly complementary nature of Blue Prism's and SS&C Chorus's existing customer bases, product offerings and roadmap to generate significant growth opportunities. SS&C's cash offer is higher than the current offer for Blue Prism by certain funds managed or controlled by Vista Equity Partners. Blue Prism directors intend to recommend unanimously that Blue Prism shareholders approve the Acquisition and have therefore decided to withdraw their recommendation of the Vista Offer. The Acquisition is subject to a number of conditions outlined in the UK Announcement, including receipt of antitrust and regulatory approvals and securing the approval by a majority in the number of voting Blue Prism shareholders.
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XPOF | Hot Stocks09:15 EST Xponential Fitness in master franchise pact in NZ for three of its brands - Xponential Fitness announced that it has recently signed a Master Franchise Agreement in New Zealand for three of its brands: CycleBar, StretchLab, and Rumble. The agreement provides the Master Franchisee with the opportunity to license at least 30 studios across the three brands to potential franchisees in New Zealand over the next 10 years. Xponential has over 2,000 open studios worldwide, operating in 10 countries and across four continents. The New Zealand Master Franchisee, Boutique Fitness Studios NZ Ltd., is a wholly owned subsidiary of Boutique Fitness Studios Pty Ltd., Xponential's Master Franchisee in Australia for CycleBar, StretchLab and Rumble, which is run by CEO Matt Gordin. "New Zealand is a natural extension of our existing agreement in Australia for Cyclebar, StretchLab and Rumble. We are confident that Matt Gordin and his entire franchise team will continue their successful development in this new, fitness conscious market," said John Kersh, Chief International Development Officer for Xponential Fitness. This agreement also extends Xponential's existing promotional arrangement with entertainment industry duo, the Stafford Brothers, whose involvement in Australia has already resulted in numerous franchise territory signings for the Rumble brand.
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GNRC | Hot Stocks09:13 EST Generac announces closing of acquisition of ecobee - Generac announced that it has closed on the strategic acquisition of ecobee. Terms of the acquisition were first announced November 1, 2021. "We are excited to close the ecobee transaction and continue Generac's evolution as an Energy Technology Solutions company," said Aaron Jagdfeld, president and chief executive officer of Generac. "With the addition of ecobee and its energy management products focused on conservation, convenience, peace of mind and comfort, we will be able to further build out Generac's suite of offerings around an intelligent home energy ecosystem. Such a system will help homeowners save money on their energy costs and allow grid operators to better balance supply and demand in more cost-effective ways."
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VZ | Hot Stocks09:12 EST Verizon works with Bang & Olufsen to launch soundbars with built-in stream TV - Verizon Stream TV announces the introduction of two soundbars featuring Verizon's on-demand streaming solution built-in. The soundbars were designed in collaboration with audio brand Bang & Olufsen. Stream TV Soundbar and Stream TV Soundbar Pro are available exclusively at Verizon starting today. The Stream TV Soundbar sports five Bang & Olufsen-tuned speakers and Dolby Atmos virtual surround sound.
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AMZN DISCA | Hot Stocks09:12 EST AWS, Discovery announce extended cloud relationship - Amazon Web Services, or AWS, an Amazon company AMZN), and Discovery (DISCA) announced their extended strategic relationship to support Discovery's ongoing transformation in the cloud. As Discovery's preferred cloud provider, AWS powers the vast majority of the company's infrastructure needs to deliver its discovery+ on-demand streaming video service, its digital services, and more than 450 linear TV channels to viewers around the world. With AWS, Discovery also provides greater personalization of discovery+, helping viewers find content that appeals to their interests.
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ALGT | Hot Stocks09:11 EST Allegiant Travel and Viva Aerobus enter alliance for U.S.-Mexico flights - Allegiant and Viva Aerobus announced plans for a fully-integrated Commercial Alliance Agreement, designed to expand options for nonstop leisure air travel between the U.S. and Mexico, while lowering fares. Allegiant and Viva Aerobus have submitted a joint application to the U.S. Department of Transportation requesting approval of and antitrust immunity for the alliance. Allegiant will also make an equity investment of $50; in Viva Aerobus, and Allegiant CEO Maurice Gallagher, Jr. is expected to join the Viva Aerobus Board of Directors. The transactions are also subject to clearance by the Mexican Federal Economic Competition Commission. Allegiant does not currently serve Mexico. Monterrey-based Viva Aerobus offers intra-Mexico service, as well as nonstop flights from Mexico to destinations in the U.S. and Latin America. The alliance will also enable Viva Aerobus to add routes in the U.S. The alliance is anticipated to add new transborder routes and nonstop competition where currently only connecting service is available. More than 250 new potential route opportunities have been identified as part of the DOT application. Allegiant and Viva Aerobus currently expect to offer flights under the alliance beginning in 1Q23, pending governmental approval of the application.
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AMZN... | Hot Stocks09:11 EST Meta selects AWS as 'key', long-term strategic cloud provider - Amazon Web Services (AMZN), announced that Meta (FB, MVRS) has deepened its relationship with AWS as a strategic cloud provider. Meta uses AWS's proven infrastructure and comprehensive capabilities to complement its existing on-premises infrastructure, and will broaden its use of AWS compute, storage, databases, and security services to provide privacy, reliability, and scale in the cloud. Meta will run third-party collaborations in AWS and use the cloud to support acquisitions of companies that are already powered by AWS. It will also use AWS's compute services to accelerate artificial intelligence research and development for its Meta AI group. In addition, Meta and AWS will work together to improve the performance for customers running PyTorch on AWS and accelerate how developers build, train, deploy, and operate artificial intelligence/machine learning models. AWS and Meta will help machine learning researchers and developers by further optimizing PyTorch performance and its integration with core managed services such as Amazon Elastic Compute Cloud and Amazon SageMaker for building, training, and deploying artificial intelligence models at scale. To make it easier for developers to build large-scale deep learning models for natural language processing and computer vision, the companies are enabling PyTorch on AWS to orchestrate large-scale training jobs across a distributed system of AI accelerators. The companies will work together to offer native tools to improve the performance, explainability, and cost of inference on PyTorch. To simplify the deployment of models in production, the companies will continue to enhance TorchServe, the serving engine native to PyTorch that makes it easy to deploy trained PyTorch models at scale. Building on these open-source contributions, AWS and Meta plan to help organizations bring large-scale deep learning models from research to production faster and easier with optimized performance on AWS. "Meta and AWS have been expanding our collaboration over the last five years," said Kathrin Renz, Vice President of Business Development and Industries at Amazon Web Services, Inc. "With this agreement, AWS will continue to help Meta support research and development, drive innovation, and collaborate with third parties and the open-source community at scale. Customers can rely on Meta and AWS to collaborate on PyTorch, making it easier for them to build, train, and deploy deep learning models on AWS."
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ACAD | Hot Stocks09:09 EST Acadia Pharmaceuticals publishes data showing ADVANCE met its primary endpoint - Acadia Pharmaceuticals announced that The Lancet Psychiatry published results from the Phase 2 ADVANCE study. ADVANCE was an international, 26-week, randomized, double-blind, placebo-controlled study evaluating the efficacy and safety of adjunctive pimavanserin treatment in outpatients with moderate-to-severe predominant negative symptoms of schizophrenia who had achieved control of positive symptoms with their ongoing antipsychotic treatment. ADVANCE met its primary endpoint, with significant improvement observed with pimavanserin for the change from baseline to week 26 on the Negative Symptoms Assessment-16 total score, compared with placebo. In a post hoc analysis, greater improvement in the NSA-16 total score compared to placebo was observed in the 53.8% of patients who received the highest pimavanserin dose of 34 mg. In the study, pimavanserin was well-tolerated with high completion rates of approximately 86% in both the pimavanserin and placebo treatment groups through 26 weeks and similar rates of adverse events between pimavanserin and placebo. Additionally, no clinically significant differences in vital signs, weight, metabolic syndrome or extrapyramidal symptoms were observed in the pimavanserin group compared to placebo. Serious adverse events were reported in 2.0% of patients on pimavanserin and 0.5% of patients on placebo and discontinuations due to adverse events were also low, 5.0% for pimavanserin and 3.0% for placebo.
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SMDM STGYF | Hot Stocks09:09 EST Singing Machine announces Mathieu Peloquin joined board of directors - The Singing Machine (SDMD) announced that Mathieu Peloquin, Senior Vice President of Marketing and Communications for Stingray Group (STGYF), has joined the board of Singing Machine. Stingray has been a long-time premium partner of Singing Machine, delivering the most extensive library of expertly produced and licensed karaoke content. "We are beyond thrilled to announce that Mathieu Peloquin will be joining our board of directors. For 8+ years, Mr. Peloquin has been responsible for driving key marketing initiatives for Stingray as well as broader go-to-market strategies and business development initiatives. We are excited to leverage his experience at one of the most recognized providers of music, media and entertainment in the world," noted Gary Atkinson, CEO of Singing Machine. "On our list of key initiatives for 2022 includes building on our recurring subscription revenue associated with our Stingray partnered products. Mathieu Peloquin has extensive experience executing on similar strategies at scale and will be a great addition to the Singing Machine team."
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HEPS | Hot Stocks09:07 EST Hepsiburada names Alexey Shevenkov as Chief Technology Officer - Hepsiburada announced the appointment of Alexey Shevenkov as its Chief Technology Officer, effective December 6. Current CTO, Gurkan Cokuner, will be appointed as the company's Chief Information Officer and continue to play a key role in guiding the company's technology architecture. Shevenkov has significant experience having spent 16 years at Yandex, a Russian technology company, most recently as CTO of Yandex.Market, the group's flagship online marketplace.
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MU UMC | Hot Stocks09:06 EST Micron, UMC expand relationship to secure supply chains - Micron Technology (MU) announced an expansion of its business relationship with United Microelectronics (UMC), providing Micron opportunities to secure supply for automotive, mobile and customers into the future. "Expanding our relationship with UMC helps us strengthen our customers' supply chains and is a great opportunity to increase collaboration across the semiconductor industry," said Executive Vice President and Head of Global Operations, Manish Bhatia. "This expanded relationship provides Micron continuing access to products that are critical to our automotive and mobile customers, and we look forward to working with UMC in the coming years to deliver our industry-leading memory and storage solutions to our customers globally."
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HON | Hot Stocks09:06 EST Honeywell begins testing T55-714C engine for U.S. Army Chinook helicopters - Honeywell has reached a significant milestone with the U.S. Army by being the first engine to test as part of its Cooperative Research and Development Agreement for the next-generation engine for Chinook helicopters. The CRADA program and testing of the T55-714C engine is planned over a two-year period to validate the benefits and ease of integration of the new engine variant onto the Chinook platform. This will allow the U.S. Army to evaluate the capabilities of the newest rendition of Honeywell's battle-proven T55 engine.
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GOVX | Hot Stocks09:05 EST GeoVax Labs presents COVID-19 vaccine data - GeoVax Labs announced that its Chief Scientific Officer, Mark Newman, Ph.D., participated in an expert panel discussion on design approaches to produce a universal SARS-CoV-2 vaccine during the World Vaccine & Immunotherapy Congress, being held November 30 - December 2 in San Diego, California. Dr. Newman also presented data from ongoing studies of GEO-CM02, GeoVax's investigational pan coronavirus vaccine. First-generation SARS-CoV-2 vaccines were rapidly developed and have proven highly efficacious in the human population and were designed to encode the Spike proteins with the goal of inducing high levels of neutralizing antibodies. However, potential limitations of narrowly focusing on S are becoming apparent with emerging variants that partially escape neutralization by vaccine induced antibodies, as is currently demonstrated with the emergence of the Omicron variant initially discovered in South Africa but now believed to be spreading globally. Thus, the effectiveness of these vaccines against new SARS-CoV-2 variants and future coronavirus spillover events remains an important question. Using its novel Modified Virus Ankara - Virus Like Particle platform, GeoVax has developed a design strategy for vaccines expected to induce broader immunity through inclusion of multiple, genetically conserved structural and nonstructural proteins from the target pathogen. The GV-MVA-VLP platform is known to induce a balanced humoral and cellular response against the multiple encoded immunogens, potentially limiting immune escape against emerging variants. Expression of the SARS-CoV-2 spike, membrane and envelope proteins by MVA supports the in vivo formation of virus like particles, or VLPs, which induce both antibody and T-cell responses. Incorporation of sequence-conserved structural and nonstructural proteins can provide targets for T-cell responses to increase the breadth and function of vaccine-induced immune responses. This strategy provides the basis for generating a universal vaccine with augmented potential to alleviate the burden of disease caused by circulating coronaviruses. In his talk, Dr. Newman discussed GeoVax's vaccine design strategy for developing a universal SARS-CoV-2 vaccine and presented efficacy and immunogenicity data for the Company's lead and first-generation vaccine candidate, GEO-CM02, which encodes the Spike, Membrane and Envelope proteins.
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TTOO | Hot Stocks09:05 EST T2 Biosystems T2SARS-CoV-2 Panel detects Omicron COVID-19 variant - T2 Biosystems announced that its T2SARS-CoV-2 Panel detects the Omicron COVID-19 variant. To confirm that the T2SARS-CoV-2 Panel would detect the new Omicron variant, in silico analysis was performed using sequences in the GISAID database. SARS-CoV-2 sequences were evaluated for alignment with primer and probe sequences from T2SARS-CoV-2 Panel. These analyses demonstrated that none of the new B.1.1.529 mutations occur within the region targeted by the T2SARS-CoV-2 Panel. "We are proud to announce our technology is capable of detecting additional COVID-19 variants including Omicron, enabling healthcare providers with the confidence to make more informed decisions about their patients' health," said T2 Biosystems' Chairman and CEO, John Sperzel.
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DWSN | Hot Stocks09:04 EST Wilks Brothers announces extension of tender offer to acquire Dawson Geophysical - Wilks Brothers announced that WB Acquisitions Inc., a wholly-owned subsidiary of Wilks, has extended the previously commenced cash tender offer by Merger Sub to purchase all of the issued and outstanding shares of common stock of Dawson Geophysical Company to 5:00 p.m., New York City time, on December 14, 2021.
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MMC | Hot Stocks09:04 EST Marsh McLennan subsidiary acquires InSource Insurance Group - Marsh McLennan Agency, or MMA, a subsidiary of Marsh, announced the acquisition of InSource Insurance Group, an independent agency in Texas. Terms of the acquisition were not disclosed. InSource Insurance Group was formed in 1986 to provide business insurance, employee health and benefits, private client, and surety services to the oil and gas, construction, manufacturing, and transportation industries. InSource will help lead the Southwest region's energy industry vertical, with 45 employees across offices in Midland and Odessa, Texas, joining MMA.
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INMB | Hot Stocks09:03 EST INmune Bio announces two presentations at 2021 British Society of Immunology - INmune Bio announced two poster presentations at the 2021 British Society of Immunology Congress, which was held November 28-December 1, in Edinburgh, UK. Details of the presentations are as follows: Title: Tumor-priming generates memory-like natural killer cells with universal anti-tumor functions. Here, the company reports a novel type of tumor-induced memory-like, TIML, natural killer cell, NK cell, induced by the acute lymphoblastic leukemia, ALL, cell line, INB16. These TIML NK cells are generated in vitro over a period of seven days to show better expansion, survival, and proliferation relative to other memory-like NK cells, maintaining similar levels of enhanced NK cell anti-tumor functional abilities including tumor lysis, and pro-inflammatory cytokine secretion against a wide range of tumor targets. The universal and wide-acting function of these highly expanded NK cells may have important implications in the clinical setting to better mitigate challenges in low NK cell number and lytic ability. Title: Tumor-priming defines an intermediate stage in natural killer cell activity between resting and lytic stages for enhanced NK cell function upon re-stimulation. Here, the researchers show that tumor-priming stimulates NK cells to a point along the lytic activation pathway for enhanced NK cell function upon re-stimulation. The primed state is achieved through exposure to less sensitive tumor targets that form fewer conjugates, and induce lower levels of avidity, degranulation, activation marker expression, pro-inflammatory cytokine secretion and lysis by NK cells. This tumor-primed state leads to enhanced NK cell function upon re-stimulation and potent NK cell killing of previously insensitive tumor targets.
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MT SCGLY | Hot Stocks09:03 EST ArcelorMittal receives shareholding notification from Societe Generale - ArcelorMittal (MT) announces that on 1 December 2021 it received a shareholding notification from Societe Generale (SCGLY). The notification was made to reflect Societe Generale SA's entry into various financial instruments. According to the notification, the following threshold of voting rights was reached: 4.91% on 26 November 2021.
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UAL | Hot Stocks09:03 EST United Airlines to be first to fly aircraft using 100% sustainable fuel - United will operate an unprecedented flight that will serve as a turning point in the industry's effort to combat climate change: for the first time in aviation history, a commercial carrier will fly an aircraft full of passengers using 100% sustainable aviation fuel. Also, United announced the second round of corporate participants in the airline's Eco-Skies Alliance program to collectively contribute towards the purchase of SAF. The demonstration flight - which will depart today with more than 100 passengers from Chicago's O'Hare International Airport and land at Washington, D.C.'s Reagan National Airport - will be on a new United 737 MAX 8 and use 500 gallons of SAF in one engine and the same amount of conventional jet fuel in the other engine to further prove there are no operational differences between the two and to set the stage for more scalable uses of SAF by all airlines in the future. Currently, airlines are only permitted to use a maximum of 50% SAF on board. The SAF used on today's flight is drop-in ready and compatible with existing aircraft fleets.
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GRPN | Hot Stocks09:02 EST Groupon appoints Kedar Deshpande as CEO - Groupon announced its board of directors has appointed Kedar Deshpande as the company's CEO, effective December 10. Kedar has also been appointed to the Groupon board of directors. Aaron Cooper, interim CEO, will step down from his role. Kedar spent the last 10 years at Zappos in roles of escalating responsibility, culminating with his appointment to CEO.
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STM | Hot Stocks09:02 EST STMicroelectronics announces availability of Version 3 of NanoEdge AI Studio - STMicroelectronics announced the availability of Version 3 of NanoEdge AI Studio, the first major upgrade of the software tool for machine-learning applications that ST acquired with Cartesiam earlier this year. The new version of NanoEdge AI Studio comes as the shift of AI capabilities from the cloud to the edge offers manufacturers phenomenal potential to fundamentally improve industrial processes, optimize maintenance costs, and deliver innovative functions in equipment that can sense, process data, and act locally to improve latency and information security. Applications include connected devices, household appliances, and industrial automation.
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INVO | Hot Stocks09:02 EST INVO Bioscience obtains regulatory Approval for INVOcell in Thailand - INVO Bioscience has received approval by the Medical Devices Control Division for FDA Thailand to import and commercialize INVOcell in Thailand. In April, INVO Bioscience entered an exclusive distribution agreement with IVF Envimed Company to distribute the INVOcell system within Thailand. Established in 1993, IVF Envimed has established a wide network of clinics and hospitals across Thailand primarily focused on fertility solutions. In November, INVO Bioscience started to train physicians and embryologists from both private and government hospitals.
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HYMTF | Hot Stocks09:01 EST Hyundai Motor America reports November sales of 44,345 units, down 20% y/y - Hyundai Motor America reported total November sales of 44,345 units, a 20% decrease compared with November 2020. Hyundai eco-friendly vehicle total sales grew 165%, including November records for Nexo and Ioniq plug-in hybrid. SUV sales represented 76% of the total sales mix. Hyundai fleet sales were down 97% and were less than 1% of total volume.
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EVBG | Hot Stocks08:56 EST Everbridge wins 'Platinum Homeland Security award' for powering JARVISS - Everbridge announced that the company's JARVISS software solution won "Best Federal Government Security Program" at the 2021 Annual "ASTORS" U.S. Homeland Security Awards. The ASTORS honor distinguished government solutions that help keep the United States secure by delivering enhanced value, benefit, and intelligence to government, homeland security, enterprise, and public safety markets. "We are proud to be acknowledged with an ASTOR Award for Best Federal Government Security Program," said Mike Mostow, Everbridge's Vice President of Federal. "Protecting our soldiers represents a privilege and a responsibility that we do not take lightly. As risks evolve and new hazards emerge, threat mitigation becomes much more nuanced and represents a command-level discussion. Everbridge's unrivaled expertise in risk assessment and response empowers our federal government customers to reach full organizational resilience."
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REDU | Hot Stocks08:53 EST Rise Education signs agreement to sell three subsidiaries - Rise Education, together with Wuhan Xinsili Culture Development - the Buyer SPV-, Rise Tianjin Education - WFOE-, Beijing Step Ahead Education -VIE -, Rise Education International - Rise HK -and Rise IP. entered into a purchase agreement. The Buyer SPV is a newly-formed limited liability company controlled by the buyer consortium consisting of certain franchisees of the company and an affiliate of the company's senior management, who are PRC nationals. The company has agreed to, through Rise HK, sell all of the equity interests in WFOE to the Buyer Consortium, in consideration of the Buyer Consortium paying to Rise HK a nominal consideration, and assuming all liabilities of WFOE and its subsidiaries. Conditions include that Rise HK and Rise IP grant WFOE or other entities designated by the Buyer Consortium a royalty-free, perpetual, irrevocable and exclusive license over all IP rights owned by or licensed to Rise HK and/or Rise IP, the company make an additional capital contribution to WFOE in US dollars equivalent of RMB20M, and the lenders have released the applicable guarantees, obligations and equity pledges provided by WFOE and VIE. Upon completion of the sale, the company would have, through its subsidiaries, sold substantially all of its assets. The sale is conditioned upon receiving approval from company's shareholders at a general shareholder meeting. The closing of the sale is not certain.
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CARR AMZN | Hot Stocks08:52 EST Carrier Global joins AWS Partner Network - Carrier Global (CARR) is now a part of the Amazon (AMZN) Web Services Partner Network, a global community of Partners who leverage AWS to build solutions and services for customers. Carrier's work with AWS is an integral part of its ongoing digital transformation and as an AWS Partner, Carrier can reach more customers with its innovative, digital-forward solutions.
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PPG | Hot Stocks08:51 EST PPG launches expanded automotive OEM clearcoat production in Germany - PPG announced the start-up of expanded automotive OEM clearcoat production at its facility in Erlenbach, Germany. The EUR 3 million project nearly doubles the site's capacity for premium clearcoats and uses advanced manufacturing technology to improve operational efficiency, sustainability and flexibility compared to conventional processes. This is an important investment that ensures we will continue to meet the growing regional demand for our premium clearcoats, which offer the world-class finish with superior appearance and durability that our customers demand," said Roald Johannsen, PPG vice president, automotive OEM coatings, Europe, Middle East and Africa. "Using advanced manufacturing technology also gives us increased flexibility to produce different products in multiple batch sizes in the most sustainable way."
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CSWI ROK | Hot Stocks08:51 EST CSW Industrials expands board with appointment of Bobby Griffin - CSW Industrials (CSWI) announced that its Board of Directors has elected Bobby Griffin as an independent director. This appointment expands CSWI's Board to eight members, seven of whom are independent. Griffin serves on two CSWI Board Committees: Nominating and Corporate Governance, which includes CSWI's Environmental, Social, and Governance efforts in its oversight responsibilities, and Compensation and Talent Development, which includes CSWI's Diversity and Inclusion efforts in its oversight. Griffin has served as Chief Diversity, Equity & Inclusion Officer of Rockwell Automation (ROK) since February 2021.
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DGX BIOC | Hot Stocks08:50 EST Quest Diagnostics now offers Biocept's liquid biopsy test for lung cancer - Physicians in the United States can now order the liquid biopsy-based Target Selector NGS Lung Panel test directly from Quest Diagnostics (DGX). Developed by Biocept (BIOC), the lab-developed liquid biopsy test aids genomic profiling in patients with advanced non-small cell lung cancer, helping physicians identify potential targeted therapies and monitor the effectiveness of treatment.
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CNDT | Hot Stocks08:49 EST Conduent to upgrade MMIS technology infrastructure for ND DHS - Conduent announced a new agreement with the North Dakota Department of Human Services, ND DHS, to upgrade the technology infrastructure of the agency's Medicaid Management Information System, MMIS. Conduent will perform comprehensive updates to ND DHS' full technology stack to deliver a more robust, higher performing system that enables cloud-based MMIS modernization while increasing system reliability, scalability, and security. "We are proud of our ongoing partnership with the North Dakota DHS," said Lydie Quebe, General Manager of Government Healthcare Solutions at Conduent. "We appreciate the trust the agency has placed in us to modernize the MMIS to maximize ROI and support its priorities to improve the health and well-being of the 300,000 North Dakotans."
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LIVE | Hot Stocks08:47 EST Live Ventures subsidiary Vintage Stock announces opening of 4 new locations - Live Ventures announced that its subsidiary, Vintage Stock, is opening four new stores under Vintage Stock's EntertainMart brand in the following locations: Longview and Abilene, Texas; Lincoln, Nebraska; and Idaho Falls, Idaho. The new store locations are all located in regional malls that have larger-than-normal regional consumer appeal. Vintage Stock has continued to grow over the years thanks to its business model, its extensive and diversified product offerings, and its loyal customer base. Vintage Stock anticipates opening five to 10 new stores in calendar year 2022 as it continues to grow. "In a time when many retail companies are shutting down brick-and-mortar stores, or lessening their physical presence in communities, we are excited to be able to increase our footprint," said Rodney Spriggs, Vintage Stock's CEO. "We believe these mall locations are ideally situated for movie, music, toy, and video game enthusiasts of all ages-and sales so far are proving that; we look forward to potentially expanding into other similarly-situated mall locations around the United States in 2022."
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TRU | Hot Stocks08:47 EST TransUnion, Neustar announce transaction close - TransUnion and Neustar announced that TransUnion has completed its $3.1B acquisition of Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC. Neustar, a premier identity resolution company with leading solutions in Marketing, Fraud and Communications, enables customers to build connected consumer experiences by combining decision analytics with real-time identity resolution services driven by its OneID platform. Like TransUnion, Neustar has built its brand and reputation on fostering trusted connections between consumers and businesses to help them transact with greater confidence. Neustar's security business, Neustar Security Services, is excluded from the transaction and now operates as a standalone portfolio company of Golden Gate Capital and GIC
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PNT BAYRY | Hot Stocks08:46 EST Point Biopharma announces changes to leadership team, appoints Kelly as COO - POINT Biopharma Global (PNT) announced changes to its senior leadership team as well as its Board of Directors. Justyna Kelly, Vice President, Medical Isotope Development and Operations, has been promoted to Chief Operating Officer, COO, effective December 1, 2021. Todd Hockemeyer will continue in his role as EVP, US Manufacturing with expanded responsibilities to include isotope production. Dr. Robin Hallett, Senior Director, Preclinical Development, has been promoted to Vice President, Discovery and Translational Sciences, effective December 1, 2021. Dr. Sherin Al-Safadi will be joining the Company in the role of Vice President, Medical Affairs, effective December 13, 2021. Dr. Al-Safadi was previously Global Medical Affairs Oncology Strategy Director at Bayer (BAYRY), where she developed and executed the medical strategy for the prostate cancer franchise, including the radiopharmaceutical Xofigo. Jonathan Ross Goodman has been elected Lead Independent Director by the Board of Directors, effective November 22, 2021. Michael Gottlieb, Chief Commercial Officer, left the Company effective November 25, 2021, to pursue other opportunities.
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NEOG | Hot Stocks08:46 EST Neogen acquires Delf, terms not disclosed - Neogen announced that it has acquired Delf Ltd., a United Kingdom-based manufacturer and supplier of animal hygiene and industrial cleaning products. Terms of the agreement were not disclosed.
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CTV IACB | Hot Stocks08:46 EST Innovid begins trading on New York Stock Exchange - Innovid Corp. (CTV) announced it has become a publicly listed company trading on New York Stock Exchange under the new ticker symbol "CTV" following the completion of its previously announced business combination with ION Acquisition Corp 2 Ltd. (IACB). The business combination generated approximately $251 million of proceeds for Innovid after payment of deferred underwriting commissions, but before payment of transaction expenses.
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AKTX | Hot Stocks08:43 EST Akari presents data from observational studies in COVID pneumonia, COPD - Akari Therapeutics announces data from observational studies in COVID pneumonia and chronic obstructive pulmonary disease that highlight the potential role of complement and leukotriene hyperactivity in driving life threatening disease exacerbations and therefore a potential therapeutic role for nomacopan. An observational study sponsored by Akari on COVID pneumonia undertaken at Portsmouth Hospitals University NHS Trust was reported at the recent British Thoracic Society Annual Meeting November 24-26, 2021. Plasma levels of C5a, C5b9 and LTB4 in COVID pneumonia patients were elevated compared with control patients and increased with disease severity. In addition, the levels of C5a and C5b9. which are potential biomarkers for disease progression, rose significantly in patients that worsened. These findings align with a prior, separate Akari-sponsored observation study in COPD patients that demonstrated that exacerbating patients have elevated C5a in sputum but not in serum and that the level of C5a was correlated with the duration/severity of the exacerbations. In exacerbations of COPD, Leukotriene B4 is also found in the sputum. All three of these inflammatory mediators, LTB4, C5a and C5b9 are inhibited by nomacopan. Akari is targeting lung diseases such as asthma, COPD and COVID pneumonia where in certain patients, a hyperreactive response to external agents triggers a severe exacerbation. For example, it is estimated that 14% of COPD patients have severe annual exacerbations associated with hospitalization and increased mortality. Complement and leukotriene are key inflammatory mediators which through their inhibition by nomacopan may prevent disease progression. Their combined inhibition has been shown in several lung disease models to be more effective than inhibiting either LTB4 or C5 alone. Leukotriene inhibition is an established treatment for severe asthma and complement hyperactivity is increasingly associated with severe lung inflammation. Importantly, the observational data indicate that the inflammatory response may be driven by rising complement and leukotriene levels directly in the lung, indicating that an inhaled form of nomacopan may potentially be the most effective route of administration. Akari has demonstrated full activity and potential for deep delivery to the lung with a nebulized inhaled form of nomacopan. Akari is investigating the pharmacokinetics of inhaled nomacopan in the lung and a proof of principle study in exacerbating COPD patients to further evaluate the impact of inhibiting C5 and LTB4 with nomacopan. In addition, the COVID pneumonia observational findings are being further evaluated to explore the potential role of biomarkers in identifying the most appropriate COVID pneumonia patients to be treated with nomacopan.
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LMDX | Hot Stocks08:43 EST LumiraDx's COVID-19 testing solution Emergency Use Authorization reissued by FDA - LumiraDx announced that the intended use for its FDA Emergency Use Authorization SARS-CoV-2 RNA STAR Complete, a rapid, nucleic acid amplification technology for high sensitivity, high throughput COVID-19 testing has been reissued. The EUA now includes testing of asymptomatic individuals, pooling of up to five individuals, access to 384-well configuration on validated open RT-PCR systems and inclusivity of the detection of the novel SARS-CoV-2 Omicron variant. LumiraDx SARS-CoV-2 RNA STAR Complete, developed with proprietary qSTAR technology, utilizes a single step direct method for nucleic acid extraction and amplification on validated open RT-PCR instruments, with results within 20 minutes. In addition to the expanded intended use to include testing of asymptomatic individuals, the FDA authorized the company's high throughput initiatives with a pooling claim and access to open RT-PCR 384-well systems, meant to increase in testing capacity and allow for same day result reporting.
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JSDA | Hot Stocks08:42 EST Jones Soda names COO Chastain as president of new Beverage Division - Jones Soda announced the promotion of longtime executive team member Eric Chastain to serve as president of the new Jones Soda Beverage Division. The position was created as part of a leadership expansion related to the upcoming launch of a new cannabis-infused beverage and edibles business that was announced in July. In his new position, Chastain is responsible for continuing to drive the growth of the core Jones Soda beverage portfolio, including running all operations, supervising all functional areas, and executing the three-year strategic plan adopted last year for the craft soda side of the business. Chastain's promotion is effective immediately.
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VLY | Hot Stocks08:41 EST Valley National announces the completion of merger with Westchester Bank - Valley National Bancorp announced that its merger with The Westchester Bank Holding was completed effective December 1, 2021. Valley will issue approximately 15.7M shares of common stock in the transaction. The common shareholders of Westchester will receive 229.645 shares of Valley common stock for each Westchester share that they own. Effective December 1, 2021, Westchester's wholly-owned subsidiary, The Westchester Bank, was merged into and under the name Valley National Bank. As of September 30, 2021, Westchester had approximately $1.3B in assets, $906M in loans and $1.1B in deposits. The acquisition represents a significant addition to Valley's Westchester County, New York franchise. Full systems integration is expected to be completed in the first quarter of 2022.
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VSQTF | Hot Stocks08:41 EST Next Decentrum launchs Crypto Pharaohs NFT collection - Victory Square Technologies is pleased to announce that portfolio company, Next Decentrum has launched Crypto Pharaohs, an iconic collection of digital collectibles inspired by the culture and heritage of ancient Egypt. Crypto Pharaohs was born out of a love for Egyptian culture and fascination with its ancient civilization. A limited NFT collection of 7006 cryptographically unique majestic collectibles, programmatically brought to life, endowed with power and magic.
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CACI | Hot Stocks08:40 EST CACI wins five-year $80.5M task order supporting the U.S. Naval surface warfare - CACI International announced that it was awarded a five-year $80.5M task order supporting the U.S. Naval Surface Warfare Center, Crane Division under the Department of Defense Information Analysis Center's multiple-award contract . CACI will provide advanced engineering research, analysis, and development of mission technology to enhance the capabilities of aircraft mission systems for Counter Unmanned Aircraft Systems . John Mengucci, CACI President and Chief Executive Officer, said, "Backed by the world's largest threat signals library and more than 1,200 systems deployed globally, CACI offers technology for any C-UAS challenge or mission. Working with the Navy, we will continue to provide the most advanced capabilities to detect, track and defeat emerging threats to our national security, protecting people and places in any environment." The task order will modernize components and systems on both manned and unmanned platforms including the EP-3E, P-8A, MQ-8, and MQ-25 UAS for the U.S. Navy, U.S. Army, U.S. Air Force, and U.S. Coast Guard. CACI will develop next generation technology for intelligence, surveillance, and reconnaissance and electronic warfare mission systems, and survivability systems while providing all aspects of logistical support required to meet operational demands.
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FWRD | Hot Stocks08:39 EST Forward Air announces general rate increase in 2022 - Forward Air announced that it is notifying customers of a general rate increase, or GRI, of 7.9% applicable to rates established under the existing tariffs effective February 1, 2022. Selected accessorial charges and minimum charges will also be impacted. The GRI is intended to offset rising costs associated with the challenging operating environment.
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IVC | Hot Stocks08:38 EST Invacare realigns EMEA, Asia Pacific businesses - Invacare announced that it will be realigning its Europe and Asia Pacific businesses under a single leader to streamline operations and enhance the customer experience. To lead this strategic business realignment, Geoff Purtill has been appointed senior VP and GM, EMEA and Asia Pacific.
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AVAH | Hot Stocks08:38 EST Aveanna completes acquisition of Accredited Home Care - Aveanna Healthcare Holdings announced that it has successfully completed its acquisition of Accredited Home Care, a private duty services company based in Southern California, for a base purchase price of $180 million, plus up to $45 million subject to satisfaction of certain 2021 volume targets. Aveanna expects to fully integrate Accredited in 2022, with a majority of the integration process occurring in the first 180 days. Founded in 1980, Accredited is one of the largest home care agencies in the Western United States, providing nursing and home health services to more than 9,000 patients annually through its team of 6,250 field nurses and caregivers. Accredited has been recognized as one of the nation's HomeCare Elite in repeated years. Accredited has five offices located in Los Angeles, Orange, and San Diego counties. Accredited had approximately $114.8 million in revenue for the twelve months ended August 31, 2021. Accredited currently derives 86% of its revenues through Medicaid or other state-funded programs.
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MLSS SGRY | Hot Stocks08:38 EST Milestone Scientific announces Dr. Garza adopted CompuFlo Epidural instrument - Milestone Scientific (MILE) announced that Dr. Miguel de la Garza has begun incorporating the CompuFlo Epidural instrument into his practice for pain management, following approval by Surgery Partners (SGRY). Dr. de la Garza plans to utilize the CompuFlo Epidural instrument for both surgical cases and office based procedures to safely and quickly access the epidural space. Arjan Haverhals, CEO and President of Milestone Scientific, stated, "We appreciate the support of Dr. Miguel de la Garza who is a leader in the field of pain management. We're also pleased to announce that Surgery Partners has approved the CompuFlo Epidural instrument for use across their network in pain management. Our initial focus has been on the labor and delivery market with 2.4 million annual epidural analgesia procedures in the U.S. alone, where our sales pipeline is solid and growing, and we are in advanced discussions with hospitals and larger health care institutions. Nevertheless, this latest agreement marks a major step in our goal of expanding the addressable market for our instruments beyond labor and delivery. The overall addressable market for epidural anesthesia is estimated to be approximately $5 billion, with 11 million epidural procedures performed in the U.S. on an annual basis. The pain management market is at least twice the size of the labor and delivery market segment, and we believe the CompuFlo(R) Epidural instrument has the potential to capture a significant share of this market given its unparalleled safety, reduced risk of complications and cost savings."
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ALLO | Hot Stocks08:37 EST Allogene announces call to review ALPHA, ALPHA2, UNIVERSAL data - Allogene Therapeutics announced that management will host a conference call to review data to be presented at the American Society of Hematology Annual Meeting from the ALPHA and ALPHA2 Phase 1 trials in relapsed/refractory non-Hodgkin lymphoma and the UNIVERSAL Phase 1 trial in relapsed/refractory multiple myeloma on December 13, 2021 at 1:30 PM Pacific Time/4:30 PM Eastern Time.
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EPAC | Hot Stocks08:37 EST Enerpac Tool COO Jeff Schmaling, general counsel Fabrizio Rasetti to depart - Enerpac Tool announced it is taking steps to simplify its organizational structure. These actions are intended to create a more nimble and agile company. In connection with the changes, Jeff Schmaling, executive VP and COO, and Fabrizio Rasetti, executive VP, general counsel and secretary, will depart from the company, effective December 10. James Denis, currently assistant general counsel, will serve as acting general counsel.
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MBRX | Hot Stocks08:36 EST Moleculin Biotech says FDA to allow IND application to study WP1122 - Moleculin Biotech announced that the U.S. FDA is allowing the company's Investigational New Drug application to study WP1122 for the treatment of Glioblastoma Multiforme to go forward. With this IND now cleared, Moleculin plans to initiate a Phase 1 open label, single arm, dose escalation study of the safety, pharmacokinetics and efficacy of oral WP1122 in adult patients with GBM. Consistent with its strategy of leveraging external funding for many of its clinical trials, Moleculin intends to seek opportunities for an investigator-initiated clinical trial of WP1122 in cancer patients in 2022.
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SRTS | Hot Stocks08:36 EST Sensus Healthcare signs distribution agreement with Mattioli Eng. Italia - Sensus Healthcare announces the signing of an exclusive U.S. distribution agreement with Mattioli Eng. Italia S.P.A. for its TransDermal Infusion System non-invasive drug delivery system. Sensus plans to begin marketing this System to dermatologists nationwide beginning immediately. The TransDermal Infusion System is cleared by the U.S. Food and Drug Administration for the local administration of ionic drug solutions into the body for medical purposes, and can be used as an alternative to injections. Sensus' sales organization will market the system to dermatologists for skin rejuvenation treatments, pre-laser treatments, pre- and post-plastic surgery and other applications. In addition, Sensus plans to make rental programs and leasing facilities available, similar to current programs for its superficial radiation therapy and aesthetic lasers.
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POAI | Hot Stocks08:35 EST Predictive Oncology acquires zPREDICTA - Predictive Oncology announced the acquisition of zPREDICTA, a company pioneering tumor-specific in vitro 3D cell culture models for drug discovery and development. The acquisition adds a new anticipated revenue stream to Predictive Oncology. Based on zPREDICTA's historical operating results and anticipated synergies, Predictive Oncology believes the acquisition will be accretive on a short term as well as a long term basis. "The acquisition of zPREDICTA adds an established company with clear synergies to Predictive Oncology's team, not to mention a progressive revenue stream," said J. Melville Engle, CEO and Chairman of Predictive Oncology. "But it's not just about what zPREDICTA is doing today or the revenue it's generating now -- it's about how zPREDICTA will complement our larger efforts to accurately predict cancer treatment outcomes and optimal drug formulations to treat specific types of cancer in specific types of patients. zPREDICTA's work in the development of new 3D cell culture methods gives us yet another competitive advantage in helping identify, develop, and expedite new cancer therapies."
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LNTH JBL | Hot Stocks08:35 EST Lantheus appoints Vivian Yao as CHRO - Lantheus Holdings (LNTH) announced the appointment of Vivian Yao to its Executive Team as Lantheus' Chief Human Resources Officer. Ms. Yao will report directly to Lantheus' President and CEO, Mary Anne Heino. In this role, Ms. Yao will oversee all aspects of Lantheus' employee and workplace experience, including ensuring best-in-class talent processes, people operations, total rewards, organization effectiveness and next-generation HR capability. Most recently Ms. Yao was the Vice President of Human Resources at Jabil's (JBL) EMS Division, where she was accountable for more than 100,000 employees globally.
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KOPN | Hot Stocks08:34 EST Kopin receives $19.8M order from Army - Kopin announced it has received a $19.8M order for its eyepiece subassembly which is a critical component in the U.S. Army's Family of Weapon Sight-Individua thermal sight system.
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LNTH JBL | Hot Stocks08:34 EST Lantheus appoints Vivian Yao as CHROJabil - Lantheus Holdings (LNTH) announced the appointment of Vivian Yao to its Executive Team as Lantheus' Chief Human Resources Officer. Ms. Yao will report directly to Lantheus' President and CEO, Mary Anne Heino. In this role, Ms. Yao will oversee all aspects of Lantheus' employee and workplace experience, including ensuring best-in-class talent processes, people operations, total rewards, organization effectiveness and next-generation HR capability. Most recently Ms. Yao was the Vice President of Human Resources at Jabil's (JBL) EMS Division, where she was accountable for more than 100,000 employees globally.
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ZYME JNJ | Hot Stocks08:34 EST Zymeworks to get payment following Janssen dosing of first JNJ-78306358 patient - Zymeworks (ZYME) announced that Janssen Biotech (JNJ) dosed the first patient with JNJ-78306358, a bispecific antibody developed using Zymeworks' Azymetric and Efect therapeutic platforms. This is the second Janssen bispecific program utilizing Zymeworks' proprietary technology platforms to enter the clinic this year, following the announcement in August of Janssen's dosing of the first patient with JNJ-78278343. Zymeworks will receive a payment in connection with this milestone under Zymeworks' 2017 licensing agreement with Janssen. Under the terms of that agreement, Zymeworks provided Janssen with a worldwide, royalty-bearing license to research, develop and commercialize up to six bispecific antibodies directed to Janssen therapeutic targets using Zymeworks' Azymetric and Efect platforms. Janssen is responsible for all research, development, and commercial activities under the licensing agreement. Zymeworks received an upfront payment of $50M and is eligible to potentially receive up to $282M in development milestone payments and up to $1.12B in commercial milestone payments, as well as tiered royalties on potential sales.
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CLAR | Hot Stocks08:33 EST Clarus acquires MAXTRAX for combination of cash, stock, future consideration - Clarus announced it has acquired Australian-based MAXTRAX, which produces the overlanding and off-road vehicle recovery and extraction tracks, for a combination of cash, stock and future consideration. MAXTRAX will continue to operate independently as a wholly-owned indirect subsidiary of Clarus and will be part of the Company's Overlanding reporting segment, which includes recently acquired Rhino-Rack. John Walbrecht, President of Clarus, said, "We are so pleased to partner with an amazing company and founder... Following the closing of the transaction, we intend to expand MAXTRAX's product penetration across our markets. We look forward to welcoming the MAXTRAX team to Clarus and continuing this 'super fan' brand's legacy of allowing overland enthusiasts to take the easy way out." Terms of the transaction were not disclosed.
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STER | Hot Stocks08:33 EST Sterling acquires Employment Background Investigations, terms not disclosed - Sterling announced that it has acquired Employment Background Investigations in a highly complementary deal that will expand Sterling's presence in key US verticals, including financial services, healthcare, retail, manufacturing, and transportation. Founded in 1994, EBI provides background screening, drug testing, occupational healthcare, and electronic Form I-9 solutions for today's talent acquisition and workforce management needs. Known for outstanding customer service and commitment to compliance, EBI has built a client base which includes blue chip logos across a diversified set of verticals in the US market. These clients will continue to receive exceptional support as well as additional benefits from Sterling's vertical delivery model, industry-leading global reach, and broad set of tech-enabled services. This all-cash transaction is expected to add over $30 million in revenue in 2022. The deal is expected to be highly synergistic and be accretive to adjusted earnings in 2022.
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DOOO | Hot Stocks08:32 EST BRP Inc. renews normal course issuer bid - BRP Inc. announces that the Toronto Stock Exchange has approved the renewal of its normal course issuer bid to purchase for cancellation up to 3,787,945 subordinate voting shares over the twelve-month period commencing on December 3, 2021 and ending no later than December 2, 2022, representing approximately 10% of the public float of 37,879,457 subordinate voting shares as at November 29, 2021. As at November 29, 2021, 39,049,636 subordinate voting shares were issued and outstanding.
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DRTT | Hot Stocks08:32 EST Dirtt Environmental announces completion of C$35M bought deal financing - DIRTT Environmental Solutions is pleased to announce the successful closing of the issue and sale of C$35 million aggregate principal amount of 6.25% convertible unsecured subordinated debentures. The Debentures were offered to the public through a syndicate of underwriters led by National Bank Financial Inc. The Company has also granted the Underwriters an over-allotment option to purchase up to an additional C$5.25 million aggregate principal amount of Debentures on the same terms, exercisable in whole or in part at any time up to the 30th day following the closing of the Offering. The Company intends to use a portion of the net proceeds of the Offering, together with cash reserves on hand, to fund its anticipated 2022 capital expenditure program of approximately US$7.0 million, comprised of approximately US$2.5 million related to refreshes of DIRTT Experience Centers, continued enhancement of the Company's customer relationship management system and website redesign, approximately US$2.5 million on software development and approximately US$2.0 million on manufacturing and other capital upgrades. The remaining net proceeds of the Offering are expected to be used, initially, to support the continued funding of the Company's manufacturing and commercial activities as the COVID-19 pandemic recovery occurs, and to provide incremental liquidity to support the Company's operations and growth objectives.
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IMCC | Hot Stocks08:31 EST IMC Holdings will acquire 51.3% of outstanding shares of Oranim Plus Pharm - IM Cannabis announced that IMC Holdings will acquire 51.3% of the outstanding ordinary shares of Oranim Plus Pharm an Israeli company holding 99.5% of the rights in Oranim Pharm Partnership , resulting in IMC Holdings holding 51% of the rights in Oranim . Oranim is one of the largest pharmacies selling medical cannabis in Israel and the largest pharmacy selling medical cannabis in the Jerusalem area. Oranim, centrally located in Jerusalem, is a well-established brand with a fourteen year track record of successfully serving the needs of medical cannabis patients in the area. For the twelve months ending October 31 Oranim generated revenues of approximately $16.5M, with a gross margin1 from Cannabis activity of approximately 25% and positive EBITDA.
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NLSN | Hot Stocks08:31 EST Nielsen, AccuWeather Network enter multi-year TV agreement - The AccuWeather Network announced it has entered into a multi-year agreement with Nielsen for cable TV measurement to help deepen AccuWeather's ability to profile its evolving audience, identify trends in viewer behaviors that may represent marketing or programming opportunities, and provide greater insights into engagement with agencies and advertisers who rely on Nielsen as a currency.
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AIH | Hot Stocks08:31 EST Aesthetic Medical announces business updates for November - Aesthetic Medical International Holdings Group announces business updates for November 2021. Benefited from the Company's promotional events during the "Double 11 Online Shopping Festival" and the Company's 25th Anniversary Celebration promotions, the company expected that cash sales generated from its existing hospitals and clinics in November would reach approximately RMB 90M, representing their monthly record high since the beginning of 2020. As stated in the earning release published on November 16, 2021, the Company will continue to implement its strategic restructuring plan to optimize business operations and launch satellite clinics in the Company's core regional markets. The Company also noted that the regulators of the People's Republic of China has strengthened the supervision of the aesthetic medical industry and proposed various guidelines. "The Company will closely monitor the regulatory development and strive to comply with applicable regulations. The Company believes that these series of regulations would not only foster the orderly development of the industry, but also create a favorable operating environment for market players in support of such regulatory reform, such as AIH," the company said.
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MPB RIVE | Hot Stocks08:30 EST Mid Penn Bancorp completes acquisition of Riverview Financial - Mid Penn Bancorp (MPB) announced that its acquisition of Riverview Financial Corporation (RIVE) was completed after the close of business on November 30, 2021. In connection with the holding company merger, Riverview's banking subsidiary, Riverview Bank, has been merged with and into Mid Penn's subsidiary bank, Mid Penn Bank. The all-stock transaction was valued at approximately $124.7M and will extend Mid Penn's footprint into attractive new markets, including the Lehigh Valley and State College region, and will expand its presence in Western Pennsylvania. The consolidated assets of the combined company are valued at approximately $4.7B. "We are pleased to welcome Riverview customers, employees and shareholders to Mid Penn and Mid Penn Bank," said Mid Penn President and CEO Rory G. Ritrievi. "As we introduce the Mid Penn brand of community banking throughout the Riverview footprint, we are committed to making this combination a positive one for all involved. We believe our commitment to offering the best products and services, delivered by the best financial professionals, will be appreciated by customers and the communities at large."
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BYSI | Hot Stocks08:30 EST BeyondSpring trading resumes
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MDGS | Hot Stocks08:29 EST Medigus files motion for capital reduction of up to $3M for buyback program - Medigus announced it had filed a motion seeking a court approval for a capital reduction of up to $3M for the Company's buyback program, increasing the contemplated program from $2M to $3M. Contingent upon court's approval the buyback program will initiate during the first quarter of 2022.
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MCHP | Hot Stocks08:28 EST Microchip continues expansion of GaN RF power portfolio - Microchip Technology announced a significant expansion of its Gallium Nitride, GaN, Radio Frequency, RF, power device portfolio with new MMICs and discrete transistors that cover frequencies up to 20 gigahertz. The devices combine high power-added efficiency, PAE, and high linearity to deliver new levels of performance in applications ranging from 5G to electronic warfare, satellite communications, commercial and defense radar systems and test equipment. They include GaN MMICs covering 2 to 18 GHz, 12 to 20 GHz, and 12 to 20 GHz with 3 dB Compression Point RF output power up to 20 W and efficiency up to 25%, as well as bare die and packaged GaN MMIC amplifiers for S- and X-band with up to 60% PAE, and discrete high electron mobility transistor, HEMT, devices covering DC to 14 GHz with P3dB RF output power up to 100W and maximum efficiency of 70%. "Microchip continues to invest in our family of GaN RF products to support every application at all frequencies from microwave through millimeter wavelengths, and our product portfolio includes more than 50 devices, from low-power levels to 2.2 kW," said Leon Gross, vice president of Microchip's discrete products business unit. "Together the products announced today span 2 to 20 GHz and are designed to meet the linearity and efficiency challenges posed by the higher-order modulation techniques employed in 5G and other wireless networks, as well as the unique needs of satellite communications and defense applications."
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BTCS | Hot Stocks08:27 EST BTCS appoints Michael Prevoznik as CFO - BTCS announced the appointment of Michael Prevoznik as Chief Financial Officer of the Company. Prior to joining BTCS, Prevoznik worked for PricewaterhouseCoopers LLP for over nine years, specializing in investment company audits for leading asset managers in the financial services industry.
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BBKCF | Hot Stocks08:26 EST Bigg Digital's Netcoins appoints Ankit Anne as director, strategy & operations - BIGG Digital Assets, owner of Netcoins is pleased to announce the hiring of Ankit Anne as Director of Strategy & Operations, effective immediately. Mr. Anne comes to Netcoins from CIBC, where he was most recently Director of Product in the Secured Lending business.
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CLBK | Hot Stocks08:26 EST Columbia Financial announces completion of Freehold Bank acquisition - Columbia Bank, Columbia Financial, and Columbia Bank announced that Columbia has completed its acquisition of Freehold MHC, Freehold Bancorp and Freehold Bank pursuant to the Agreement and Plan of Merger, dated as of June 17, 2021, by and between Freehold MHC, Freehold Bancorp and Freehold Bank, and the MHC. At the effective time of the Merger, Freehold MHC merged with and into the MHC, with the MHC continuing as the surviving entity and Freehold Bancorp merged with and into the Company, with the Company continuing as the surviving entity. In connection with the Merger, Freehold Bank has converted to a federal savings bank and will operate as a wholly owned subsidiary of the Company for at least two years following the effective time of the Merger, or no later than December 31, 2023. After such time, Freehold Bank will be merged with and into the Bank, with the Bank continuing as the surviving institution, unless the parties mutually agree to complete the Bank Merger earlier in accordance with the terms of the Merger Agreement. As part of the transaction, on December 1, 2021, the Company also issued 2,591,007 shares of its common stock to the MHC in accordance with the terms of the Merger Agreement.
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TEVA | Hot Stocks08:25 EST Teva launches authorized generic of Epiduo Forte Gel in U.S. - Teva Pharmaceuticals announced the launch of an authorized generic of Epiduo Forte Gel, adapalene and benzoyl peroxide gel 0.3%/2.5%, in the United States. Adapalene and benzoyl peroxide gel 0.3%/2.5% is a topical prescription medicine used to treat acne vulgaris. "The launch of our first-to-market authorized generic version of Epiduo Forte Gel in the U.S. provides patients with another important treatment option," said Christine Baeder, SVP, Chief Operating Officer US Generics, Teva USA. "Continuing to advance and launch much-needed generic drugs is critical to ensuring access to quality medicines to everyone who needs them." With nearly 550 generic medicines available, Teva has the largest portfolio of FDA-approved generic products on the market, and holds the leading position in first-to-file opportunities, with approximately 100 pending first-to-files in the U.S. Currently, 1 in 11 generic prescriptions dispensed in the U.S. is filled with a Teva generic product. Epiduo Forte Gel had annual sales of $253M in the U.S., according to IQVIA data, as of September .
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PRCH | Hot Stocks08:24 EST Homeowners of America introduces services in Iowa - Homeowners of America announced the launch of service in Iowa. Iowa marks HOA's 12th state of operation, advancing the active scaling of the Porch presence in the insurance industry. HOA's sustained growth and comprehensive home insurance offerings provide increased reach for Porch's InsurTech business.
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AMTX AAL | Hot Stocks08:24 EST Aemetis signs agreement with American Airlines to supply SAF - Aemetis (AMTX) announced that an offtake agreement has been signed with American Airlines (AAL) for 280M gallons of blended fuel containing sustainable aviation fuel, SAF, to be delivered over the 7 year term of the agreement. The aggregate value of the agreement is estimated to be more than $1.1B, including LCFS, RFS, 45Q and tax credits. American's agreement with Aemetis builds on the airline's efforts to reach net zero carbon emissions by 2050. The sustainable aviation fuel is expected to be produced by the Aemetis renewable jet/diesel plant under development on a 125 acre former U.S. Army Ammunition production plant site in Riverbank, California. The blended sustainable aviation fuel is expected to be available for use by American starting in 2024. "American Airlines is demonstrating its leadership in the reduction of carbon emissions and improving air quality by using Aemetis Carbon Zero sustainable aviation fuel," said Eric McAfee, the Founder, Chairman and CEO of Aemetis. "The Aemetis Carbon Zero plant under development at the former Army Ammunitions Plant in Riverbank, California is designed to utilize zero carbon electricity, carbon negative hydrogen from waste wood, and renewable oils along with CO2 sequestration to produce low carbon sustainable aviation fuel."
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IPCFF | Hot Stocks08:22 EST International Petroleum announces approval for share repurchase program - International Petroleum Corporation is pleased to announce that the Toronto Stock Exchange has approved IPC's notice of intention to make a normal course issuer bid. Pursuant to the share repurchase program, IPC is authorized to repurchase through the facilities of the TSX, Nasdaq Stockholm and/or alternative Canadian trading systems, as and when considered advisable by IPC, up to 11,097,074 common shares, representing approximately 7% of the 155,367,757 common shares outstanding as at November 30, 2021, over a period of twelve months commencing December 3, 2021 and ending December 2, 2022, or until such earlier date as the share repurchase program is completed or terminated by IPC. The maximum number of common shares which can be repurchased each day on Nasdaq Stockholm will be 25% of the average daily trading volume of the common shares for the 20 trading days preceding the date of purchase, subject to certain exceptions for block purchases. In addition, IPC will be limited to daily purchases of no more than 15,222 common shares on the TSX, being 25% of IPC's average daily TSX trading volume of 60,889 common shares during the six months ended October 31, 2021, subject to certain exceptions for block purchases and other prescribed exemptions available under applicable Canadian securities laws. IPC currently does not hold any common shares in treasury. In connection with the share repurchase program, IPC has entered into an automatic share purchase plan with its designated broker to allow IPC to repurchase common shares when it would ordinarily not be permitted to purchase common shares due to regulatory restrictions and customary self-imposed blackout periods. Pursuant to the ASPP, IPC will provide instructions during non-blackout periods to its designated broker, which instructions may not be varied or suspended during the blackout period. Outside of any blackout periods, common shares will be purchased in accordance with management's discretion. All purchases made under the ASPP will be included in computing the number of common shares repurchased under the share repurchase program. The ASPP has been reviewed and pre-cleared by the TSX and may be terminated by IPC or its broker in accordance with its terms, or will terminate on the expiry of the share repurchase program. Any common shares that IPC repurchases under the share repurchase program will be purchased on the open market through the facilities of the TSX, Nasdaq Stockholm and/or alternative Canadian trading systems at the prevailing market price at the time of such purchase and in accordance with the applicable rules and policies of the TSX and Nasdaq Stockholm and applicable Canadian and Swedish securities laws. The actual number of common shares that will be repurchased, and the timing of any such purchases, will be determined by IPC, subject to the limits imposed by the TSX, Nasdaq Stockholm and under applicable Canadian securities laws. There cannot be any assurances as to the number of common shares that will ultimately be acquired by IPC. Any common shares purchased by IPC under the share repurchase program will be cancelled. IPC believes that the repurchase of common shares for cancellation represents an effective use of IPC's capital and an efficient way to return value to IPC's shareholders.
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SRAD PBTHF | Hot Stocks08:22 EST Sportradar, PointsBet announce new multi-year sports betting partnership - Sportradar (SRAD) and PointsBet (PBTHF) announced a multi-year sports betting partnership that establishes Sportradar as PointsBet's US supplier of choice for MLB, NBA, NHL, college football, and college basketball data. The deal incorporates a range of Sportradar's pre-match and live betting services, including pre-match odds suggestions, trading tools, and live data, as well as content solutions, such as live match trackers and live scores to engage audiences. Furthermore, the deal includes Sportradar's Live Channel Online, its live streaming solution. "Like Sportradar, PointsBet continues to strengthen its position in the US betting market," said Neale Deeley, Managing Director, US Betting, Sportradar. "With the popularity of in-play betting exploding in the US, having fast, reliable, accurate data is critical to driving greater engagement amongst bettors. We look forward to working together to help PointsBet deliver a cutting-edge product to its consumers."
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OLK | Hot Stocks08:20 EST Olink starts delivery of Olink Explore 3072 - Olink Holding announced that the delivery of Olink Explore 3072 is now starting, providing customers with access to its expanded library of ~3000 carefully curated and validated assays that together cover of all major biological pathways. With the introduction of Olink Explore 3072, the company offers customers the possibility to run either 96 or 384 samples per run. This means that the throughput will increase significantly, and customers can process over 4600 samples per week per system, with almost 3000 proteins measured for each sample.
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EDSA | Hot Stocks08:20 EST Edesa Biotech completes 75% of enrollment for primary cohort of EB01 trial - Edesa Biotech announced that it has completed enrollment of more than 75% of the patients planned for the primary cohort of a Phase 2b clinical study evaluating the company's drug candidate, designated EB01, as a monotherapy for chronic allergic contact dermatitis.
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VZ CSCO | Hot Stocks08:20 EST Verizon Business adds to NaaS strategy with additions from Cisco - Verizon Business (VZ) announces new features to its Network as a Service, NaaS, digitization strategy with the addition of Cisco (CSCO) managed SD WAN services, including options for 4G/5G connectivity. With these new solutions, enterprises can use Verizon's 4G and 5G networks, as well as the network as a service strategy, giving them the ability to scale and adopt the latest technology. The new solutions include: Managed Cisco SD WAN for the Cisco Catalyst 8000 Edge Platforms Family, and Integrated Services Router 1000 and 4000 series, including management of the Cisco cellular Pluggable Interface Modules, and Cisco Catalyst Cellular Gateways. Verizon is delivering a Cisco SD WAN performance suite including Cisco Umbrella for cloud security, Duo for zero trust application access, and Thousand Eyes for network observability. Cloud collaboration services with carrier-grade quality, reliability and security via Verizon's fully private connection to Cisco Webex Calling and Webex Contact Center.
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NG GOLD | Hot Stocks08:19 EST NovaGold, Barrick Gold agree on next steps to advance Donlin Gold - Donlin Gold. owned 50/50 by Barrick Gold Corporation (GOLD) and NOVAGOLD RESOURCES INC. (NG), is pleased to report progress made during the executive management workshop and site visit in early September between senior representatives from Barrick and NOVAGOLD, as well as the Donlin Gold management team. Additional assay results for 18 completed drill holes, plus partial results for 22 holes from the 2021 drill program are reported below. During the September 2021 executive management meetings in Alaska, the combined team reaffirmed its confidence in the deposit and charted a course toward advancing the project up the value chain. In addition, senior executives, including Barrick and NOVAGOLD CEOs Mark Bristow and Greg Lang, met with local stakeholders as well as senior Alaska Federal and State government officials who expressed their continued strong support for the project. Assay results from approximately 65% or 15,700 meters of drilling continue to support the global resource estimate, recent modelling concepts, and strategic mine planning work With a progression plan in place, subject to results from the upcoming drill program the partners are well positioned to be able to proceed with a feasibility study update in 2022. The 2021 drill program was completed in September with 79 holes drilled for a total of 24,264 meters. To date, Donlin Gold has reported assays for 36 complete holes and 22 partial holes, encompassing 15,700 meters of length drilled. The last core was logged in mid-October with final samples sent off site to laboratories for further processing. The camp was closed at the end of October and is expected to reopen in January 2022 for a winter drill program. Final results from the 2021 drill program are expected to be disclosed in 2022. The primary objective of the 2021 drill program was to complete the work necessary to validate and increase confidence in recent geologic modeling concepts to support future feasibility work. The logging and assay results will be incorporated into a geologic model update, followed by a shift in focus to feasibility study work, subject to a formal decision by the Donlin Gold Board. Initial assay results from the 2021 drill program were disclosed in a media release on September 2, 2021, five of the top intervals received since this release include: DC21-1976 intersected 57.25 m grading 6.87 g/t gold starting at 270.35 m drilled depth, including a sub interval of 4.05 m grading 18.13 g/t gold, starting at 288.95 m drilled depth; DC21-1970 intersected 19.15 m grading 12.57 g/t gold starting at 173.19 m drilled depth, including a sub interval of 12.15 m grading 17.28 g/t of gold, starting at 179.19 m drilled depth; DC21-1964 intersected 37.85 m grading 6.28 g/t gold starting at 110.65 m drilled depth, including sub intervals of 7.95 m grading 15.99 g/t gold starting at 110.65 m drilled depth and 3.13 m grading 10.21 g/t gold starting at 143.37 m drilled depth; DC21-1980 intersected 12.18 m grading 19.02 g/t gold starting at 293.40 drilled depth; including a sub interval of 4.65 m grading 36.53 g/t gold starting at 300.29 m drilled depth; DC21-1994 intersected 33.53 m grading 5.89 g/t gold starting at the surface; including a sub interval of 6.06 m grading 15.22 g/t gold starting at 9.24 m drilled depth.
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BIVI | Hot Stocks08:17 EST BioVie secures up to $25M debt facility with Avenue Venture funds - BioVie entered into a debt facility with Avenue Venture Opportunities Fund, L.P. and Avenue Venture Opportunities Fund II, L.P. providing up to $25 million with the initial $15 million funded at the close on November 30, 2021. "We are pleased to partner with the Avenue Venture Funds as we prepare for a catalyst-rich 2022, which includes anticipated top-line data from both our Phase 2b trial of BIV201 in refractory ascites and our Phase 3 trial of NE3107 in Alzheimer's," said Cuong Do, CEO of BioVie. "This non-dilutive funding provides us with the capital to take us through several key clinical milestones and to support continued advancement of our programs in additional indications as we initiate a Phase 2 trial of NE3107 in Parkinson's disease that is expected to have topline data readout in the first half of 2022 and initiate a Phase 3 trial of BIV201 in the treatment of hepatorenal syndrome-acute kidney injury."
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KTTA | Hot Stocks08:16 EST Pasithea Therapeutics expands mobile clinics into Florida, Nevada - Pasithea Therapeutics announced that Pasithea Clinics, its wholly owned subsidiary, has expanded the availability of its intravenous, IV, ketamine therapy to patients in Florida and Nevada. Ketamine was introduced to the medical community as an anesthetic more than 50 years ago and in sub-anesthetic doses has shown remarkable efficacy in the treatment of certain psychiatric conditions, such as treatment-resistant depression and post-traumatic stress disorder. "In November, we opened our first U.S. mobile clinics in New York and California, and we're pleased to announce that our in-home IV ketamine infusion therapy is now available in Nevada and Florida," said Dr. Tiago Reis Marques, CEO of Pasithea Therapeutics. "The pandemic has exacerbated the mental health crisis and the number of patients suffering from depression increased by approximately 25% in the past year. Today, up to three million Americans are known to have a diagnosis of treatment-resistant depression. These patients often struggle to complete day-to-day activities, and the effort required to visit a physical clinic can feel overwhelming. By expanding access to in-home treatment, we aim to close the treatment gap. Initially, the treatment will be offered in Miami and Las Vegas and will expand to other cities in these states in the coming weeks. Pasithea mobile clinics are already available in New York City, Los Angeles, San Diego, and San Francisco."
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SABR | Hot Stocks08:14 EST Sabre expects booking fee, free cash flow improvement in Q4 vs. Q3 - Sabre says "global travel trends continue to be reflective of COVID-19 case counts, cumulative and daily vaccination rates and regional travel restrictions." In October and November, the company said it saw continued monthly improvement in corporate travel bookings, "which typically represent higher revenue and margin bookings." In Q4, notwithstanding the recent discovery of the omicron variant, Sabre expects a continued sequential improvement in its average booking fee and free cash flow from Q3. In November versus the same period in 2019, its gross air bookings were down approximately 51%, net air bookings were down approximately 51%, passengers boarded were down approximately 29% and gross hotel central reservation system transactions were down approximately 12%.
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FDS | Hot Stocks08:14 EST FactSet launches new fixed income trading capabilities - FactSet announced the launch of fixed income trading capabilities for its leading execution management system, EMS. Portware, a FactSet trading solution, is known for its electronic trading and automation services in the listed assets and Foreign Exchange markets. With the introduction of fixed income trading, it is now able to help clients trade more efficiently across more asset classes. FactSet worked with longtime client GIC to build out these new capabilities, which now operates in parallel with the other asset classes already supporting GIC's global trading desks. In addition to connecting to established trading venues, FactSet has begun integrations with several data providers and trading destinations to display pre-trade analytics related to pricing and liquidity relevant to the orders on the blotter.
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YOU | Hot Stocks08:13 EST Clear Secure expands to Terminal B at Newark Liberty International Airport - Clear announced its trusted and secure identity technology and expedited lanes are now available at Newark Liberty International Airport's Terminal B. With this expansion, Clear's expedited security lanes are now available at Terminals B and C just ahead of the busy holiday travel season.
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LKNCY | Hot Stocks08:13 EST Luckin Coffee creditors approve scheme of arrangement - Luckin Coffee announced that a meeting was held yesterday in Grand Cayman, Cayman Islands regarding the previously announced scheme of arrangement proposed in relation to the restructuring of its $460 million 0.75% Convertible Senior Notes due 2025. The meeting was convened for the purpose of allowing the Company's class of creditors affected by the Scheme to consider and, if thought fit, approve, with or without modification, the Scheme. The Company is pleased to announce that at the meeting held at 10:00 a.m. on November 30, 2021, Scheme Creditors present and voting at the meeting voted unanimously to approve the Scheme, with no votes cast against the Scheme. The meeting was attended by fifty-six Scheme Creditors representing approximately 97.7% in aggregate outstanding principal amount of the Existing Notes. Accordingly, the Scheme has been approved by the requisite majority of Scheme Creditors. As previously announced, Luckin Coffee filed a summons for directions and petition seeking sanction of the Scheme in the Grand Court of the Cayman Islands on September 20, 2021. The Scheme was proposed by Luckin Coffee and its Joint Provisional Liquidators. Dr. Jinyi Guo, Chairman and CEO of Luckin Coffee, said, "While this development represents another important step in the Company's continued restructuring process, the overwhelming support from our creditors serves as a testament to the progress our refreshed board of directors and leadership team have achieved and the positive momentum we have generated. We thank our creditors for their support throughout this process. Our team at Luckin Coffee remains focused on the execution of our strategy, delivering sustainable growth and profitability, while providing outstanding products and services to our customers and meaningful value for our shareholders." Following yesterday's approval by the Scheme Creditors, the hearing of the Company's petition for sanction of the Scheme by the Cayman Court will take place at 10:00 a.m. on December 13, 2021. All Scheme Creditors are entitled to attend and be heard at the hearing.
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HOWL | Hot Stocks08:12 EST Werewolf Therapeutics to present data on INDUKINE at ASH meeting - Werewolf Therapeutics announced the Company will present preclinical data demonstrating interleukin-12, IL-12, and interferon-alpha, INFa, INDUKINETM molecules inhibited syngeneic lymphoma tumor growth in mice, induced anti-tumor immune responses and were tolerated in non-human primates. These data will be presented in a poster presentation during the 63rd American Society of Hematology, ASH, Annual Meeting, taking place December 11-14, 2021. The detailed data will be shared in a poster entitled, "Conditionally Activated IL-12 or IFNalpha INDUKINE Molecules Inhibit Syngeneic Lymphoma Tumor Growth in Mice, Induce Anti-tumor Immune Responses and Are Tolerated in Non-human Primates." WTX-330 and WTX-613 are systemically delivered, conditionally activated IL-12 and IFNalpha INDUKINE molecules, respectively, for the potential treatment of solid tumors. The study used surrogate WTX-330 and WTX-613 INDUKINE molecules, consisting of a mouse/human chimeric IL-12 or a mouse IFNalpha1, to explore anti-tumor responses in syngeneic hematologic cancer models, as human IL-12 and IFNalpha2b are not active in mice. The WTX-330 surrogate showed dose-dependent anti-tumor activity with four out of ten tumor-free mice at the top dose in the subcutaneously A20 B cell lymphoma model, and inhibited tumor growth during the dosing period. The WTX-613 surrogate demonstrated tumor stasis lasting beyond the treatment phase, and efficiently blocked tumor growth, utilizing the subcutaneous EG7.OVA T lymphoblast line. Both treatments were well tolerated by the mice at active dose levels. The WTX-330 and WTX-613 surrogates also strongly activated NK and CD8+ cell responses and induced antigen-presenting cell and effector cell markers in the MC38 syngeneic tumor model. WTX-330 and WTX-613 were well tolerated in non-human primates. In addition, plasma levels of free IL-12 after dosing with WTX-330 were very low compared to tolerated levels of wild-type IL-12.
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BAH | Hot Stocks08:10 EST Booz Allen opens 5G lab in Maryland for 'critical client missions,' and R&D - Booz Allen Hamilton announced the opening of a new 5G lab in Annapolis Junction, Maryland, in support of mission-critical client work further enabled by 5G integration and deployment. The lab's secure test environment features a leading-edge 5G Standalone carrier-grade network, including a SA mobile core, Radio Access Network , and mobile edge compute enabling multiband testing across devices and enhanced research and development capabilities. Combined with Booz Allen's cloud, network, and security expertise, the premiere 5G lab facility delivers a testbed for cyber resiliency, artificial intelligence and machine learning modeling, and integrated internet-of-things , immersive, and emerging applications development. "Both the public and private sector are grappling with 5G, and the initial promises of higher data rates, lower latency, increased capacity, and resulting technology applications have quickly shifted the concern to the underlying security risks. The same technology that improves operations can create new vulnerabilities that impede operations," said Chris Christou, vice president at Booz Allen and leader of the firm's 5G portfolio. "This complex balance between operability and security is exactly why Booz Allen invested in a testing environment that allows us to research and develop new 5G-enabled platforms and lead customers' ongoing adoption of new technologies and capabilities, while keeping them secure."
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XAIR | Hot Stocks08:10 EST Beyond Air expands leadership team with appointment of Colin as CMO - Beyond Air announced the appointment of Dr. Andrew Colin to the newly created position of Chief Medical Officer, CMO, effective December 1, 2021. Dr. Colin joins Beyond Air from the Miller School of Medicine of the University of Miami, where he spent the last 16 years, serving as the Professor of Pediatric Pulmonology and Chief of the Division of Pediatric Pulmonology and the Cystic Fibrosis Program.
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IMGO | Hot Stocks08:10 EST Imago BioSciences to host virtual investor event - Imago BioSciences announced that a virtual investor event will be hosted by the company's management team following the company's presentations at the 63rd American Society of Hematology annual meeting and exposition.
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VXRT | Hot Stocks08:09 EST Vaxart acquires second GMP manufacturing facility, terms not disclosed - Vaxart has entered into an agreement with Kindred Bioscience for the purchase of KindredBio's manufacturing equipment and sublease of its GMP manufacturing facility in Burlingame, California, giving Vaxart control of its second GMP manufacturing facility. The transaction closed Tuesday, Nov. 30, 2021, and Vaxart expects the facility to be operational for GMP production in Q1 2022. Vaxart's existing South San Francisco GMP manufacturing facility and the Burlingame facility will manufacture materials for Vaxart's COVID-19 and norovirus oral vaccine tablets. Vaxart recently began a Phase II study of its COVID-19 vaccine candidate and has several Phase I studies of its norovirus vaccine candidate underway. The Burlingame facility, which can produce biologic drug substances at up to 500L bioreactor scale, has been used by Vaxart since April 2020 to produce COVID-19 and norovirus vaccine clinical trial materials. It will also provide GMP manufacturing capacity to support the development of additional candidates in Vaxart's vaccine portfolio.
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EGHT | Hot Stocks08:09 EST 8x8 to acquire Fuze for $250M in stock, cash - 8x8 announced that it has entered into a definitive agreement to acquire Fuze, cloud-based communications company. Under the terms of the agreement, 8x8 will acquire Fuze for approximately $250M in stock and cash, subject to certain adjustments. The transaction is expected to close during 8x8's Q4, subject to the satisfaction of regulatory approvals and other customary closing conditions. Approximately $250M in aggregate consideration, subject to certain adjustments, composed of approximately $130M in cash and $120M in common stock of 8x8. Up to $130.2M will be used to retire Fuze's debt and pay for the equity owned by non-accredited stockholders of Fuze. 8x8 expects to file a resale registration statement for the shares to be issued in connection with the transaction after the closing.
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INDP | Hot Stocks08:08 EST Indaptus Therapeutics appoints Mark Gilbert to board of directors - Indaptus Therapeutics announces the appointment of Mark Gilbert, M.D., to its Board of Directors. Dr. Gilbert served as Chief Medical Officer of Juno Therapeutics prior to its acquisition by Celgene Corporation and currently serves as Executive Vice President of Research and Development at Acepodia. He succeeds outgoing Director Hoonmo Lee, who has stepped down from Indaptus' Board as part of the transition, effective upon Dr. Gilbert's appointment.
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HRMY | Hot Stocks08:07 EST Harmony Biosciences starting Phase 3 clinical trial for idiopathic hypersomnia - Harmony Biosciences announced that the FDA has accepted an Investigational New Drug application for pitolisant for the treatment of idiopathic hypersomnia. Harmony is planning to initiate a Phase 3 clinical trial to evaluate the safety and efficacy of pitolisant in adult patients with IH in the first half of 2022. IH is a rare and chronic neurological disease that is characterized by excessive daytime sleepiness despite sufficient or even long sleep time. Based on insurance claims data, the number of patients diagnosed with IH in the US ranges from 30,000 - 40,000. Pitolisant is marketed as WAKIX(R) in the U.S. for the treatment of EDS or cataplexy in adult patients with narcolepsy. Harmony is also evaluating pitolisant for the treatment of EDS and other symptoms in patients with Prader-Willi syndrome, and for the treatment of EDS and other non-muscular symptoms in adult patients with type 1 myotonic dystrophy.
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RARE | Hot Stocks08:07 EST Ultragenyx announces first patient dosed in Phase 1/2study of UX053 - Ultragenyx Pharmaceutical announced that the first patient has been dosed in its Phase 1/2 study of UX053, an investigational messenger RNA, mRNA, therapy in development for the treatment of Glycogen Storage Disease Type III, GSDIII. "Initiation of this trial paves the way for UX053 to potentially become the first medicine for people living with GSDIII, who currently are burdened with managing a complex metabolic disorder with diet alone," said Camille L. Bedrosian, M.D., Chief Medical Officer of Ultragenyx. "We believe mRNA is a promising treatment modality for rare diseases like GSDIII because this technology can deliver large genes to targeted cells and achieve a high uniformity of protein expression. We can also individualize mRNA therapies based on the needs of each patient by adjusting the dose level and dose frequency."
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MNTX | Hot Stocks08:07 EST Manitex secures record $18M order for Oil & Steel aerial platforms - Manitex announced that it secured a record order, worth approximately $18M, for Oil & Steel aerial platforms with a utility company in Italy. Oil & Steel, part of the PM Group, a wholly-owned subsidiary of Manitex International, has an installed base of over 1,000 machines in Italy with customers in the utility sector. Product delivery is slated to begin in the second half of 2022.
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NVEE | Hot Stocks08:07 EST NV5 Global to join S&P SmallCap 600 Index - NV5 Global announced that NV5 will be added to the S&P SmallCap 600 Index effective prior to the open of trading on Thursday, December 2, 2021.
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MARA | Hot Stocks08:06 EST Marathon Digital expands deployments with Compute North - Marathon Digital has expanded its agreement with Compute North to host more than 100,000 of Marathon's previously purchased bitcoin miners at multiple locations, the majority of which are wind and solar farms operated by one of the largest renewable energy power providers in North America. In May 2021, Marathon announced a binding letter of intent with Compute North to host approximately 73,000 of Marathon's bitcoin miners in Texas. The Company announced that the agreement has been expanded to now include over 100,000 of Marathon's previously purchased bitcoin miners. As a result, Marathon has now procured hosting arrangements for all of its previously purchased bitcoin miners. Under the terms of the agreement, Compute North will now be deploying Marathon's bitcoin miners across the United States, focusing on wind and solar farms. The deployments will predominantly be "behind the meter," which is intended to avoid congesting transmission lines and to improve the efficiency and sustainability of the Company's mining operations. Once all 133,000 of Marathon's bitcoin miners are deployed, the Company's hash rate will be approximately 13.3 EH/s, its blended cost of electricity and hosting will be approximately $0.042 per kilowatt hour, and Marathon's mining operations will be approximately 77% carbon neutral. "As a flexible, base load consumer, bitcoin miners are uniquely positioned to deploy with renewable energy power providers who are interested in improving the economics of their current operations or funding the construction of new renewable energy facilities," said Fred Thiel, Marathon's CEO. "By expanding our agreement with Compute North, we have secured access to top-tier, reliable hosting with renewable power, behind the meter, at industry low rates for the remainder of our previously purchased miners. As a result, we believe our mining operations will not only be among the largest in North America, but also among the most efficient and most environmentally friendly. Additionally, given that the primary energy provider is one of the largest generators of renewable energy from wind and solar in North America, we now have a clear path to continue expanding our mining operations with renewable power in the United States."
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ZGNX | Hot Stocks08:06 EST Zogenix announces FDA acceptance for priority review of sNDA for FINTEPLA - Zogenix announced the U.S. Food and Drug Administration has accepted for filing and granted Priority Review to the company's supplemental New Drug Application for the use of FINTEPLA for the treatment of seizures associated with Lennox-Gastaut syndrome. The FDA granted Priority Review, which means that the FDA has a goal to complete its review within six months from the date of receipt, with a Prescription Drug User Fee Act target action date of March 25, 2022. FDA Priority Review is granted for investigational therapies that, if approved, may offer significant improvements in the treatment, prevention or diagnosis of a serious condition. The sNDA submission is based on a positive, global, randomized, placebo-controlled Phase 3 clinical trial, Study 1601, in 263 patients that demonstrated FINTEPLA at a dose of 0.7/mg/kg/day was superior to placebo in reducing the frequency of drop seizures, as well as long-term safety and effectiveness data from Zogenix's ongoing open-label extension trials. In June 2020, FINTEPLA was approved by the FDA for the treatment of seizures associated with Dravet syndrome in patients two years of age and older.
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BECN | Hot Stocks08:05 EST BayWa r.e acquires Beacon Solar, terms not disclosed - BayWa r.e. announced it has acquired Beacon Solar, the solar distribution division of Beacon. Beacon Solar will be fully integrated into BayWa r.e. Solar Systems LLC, the U.S. solar distribution business.
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CYDY | Hot Stocks08:05 EST CytoDyn submits majority of CMC modules to FDA for HIV BLA - CytoDyn announced it has completed submission of all the major sections of CMC modules to FDA, some remaining supporting documentation will be submitted under Regional Information before the end of this week. CMC is a part of CytoDyn's biologics license application, or BLA, for HIV. This submission was made under rolling review consistent with guidance from the FDA. Only the clinical section remains to be submitted.
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BAK AMZN | Hot Stocks08:05 EST Braskem launches e-commerce marketplace on Amazon.com - Braskem (BAK) and Xenon arc partnered to launch Braskem's e-commerce marketplace on Amazon (AMZN). Through the partnership Xenon arc is providing Braskem data-driven marketing and sales platform technologies focused on enhancing the way Braskem engages online with its small-to-mid-sized clients. Braskem's new Amazon online storefront features Braskem's polypropylene filaments for 3D printing in 1.75 mm and 2.85 mm diameters, as well as carbon fiber reinforced polypropylene filament, made from 100% recycled carbon fiber.
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WKSP | Hot Stocks08:05 EST Worksport provides corporate update, 2021 retrospective, 2022 plans - Worksport is providing a Corporate Update, including a review of 2021 and what Management has planned in 2022. The company said, "As a cornerstone of Worksport's agenda, the Company began ramping up production from its Chinese factory immediately following the close of the Regulation-A offering in March. To service Worksport's new B2B and B2C sales strategies, the Company has been stocking inventory during Q4, 2021, which includes our conventional products that will be sold through our eCommerce platform slated for launch Q1 2022. During 2021, we developed the first solar tonneau cover along with its counterpart, the Terravis COR, portable rechargeable energy storage unit. With our $30mm capital raise we were able to begin to bring our manufacturing home to Canada. In our new facility, we will be able to streamline our manufacturing process to produce our products faster while maintaining similar profit margins. To close out 2021 Worksport will be heavily focusing on securing and tooling its new facility. - with the first automated cutting and milling machines having arrived in October. Management expects delivery of the remaining equipment to continue into December and through the end of January. Management expects most, if not all, of these systems to be installed between the end of January and mid-February 2022. If there are no delays, management believes the Canadian factory will begin servicing its B2B and B2C customers by the end of Q2 2022... In addition, we have been able to increase our research and development operations and attract several professionals with PhDs to join our already talented team of engineers and designers... As Management looks toward the second half of 2022, we have already begun the process of transforming the COR system into its own platform, with a variety of uses, including whole home power backup with an emphasis on portability to work in conjunction with its SOLIS and COR products. To echo Worksport's Director of Engineering, Dr. Rafael Oliveira, the Company is already looking to continue innovating with more powerful mobile units, maintaining focus on simplicity and usability. And while still early in its development, Terravis Energy's NPEV system is making incredibly significant progress, with Management expecting to have a working prototype in early 2022. Furthermore, because of the Company's charismatic business development strategies involving actively seeking out partners and having conversations with potential partners, there have been exploratory talks of building a B2B business with large multinational stores."
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TUSK | Hot Stocks08:04 EST Mammoth Energy unit awarded two fiber-related contracts - Mammoth Energy Services announced that its fiber division, which was organically started only a few months ago, has been awarded two fiber-related contracts with two different electric cooperatives in the Midwest. Under one of the contracts, the company will provide make-ready construction services in preparation for fiber installation. Under the second contract, the company will provide fiber installation services. The projects, which the company anticipates will begin in the coming weeks, are expected to generate an aggregate of approximately $7.7M in revenue over the next 18 months.
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SELB BIOVF | Hot Stocks08:04 EST Selecta Biosciences, Sobi complete enrollment in DISSOLVE Phase 3 study - Selecta Biosciences (SELB) and Swedish Orphan Biovitrum AB (SOBI) announced the completion of enrollment for DISSOLVE I, the first of two clinical studies of the phase 3 DISSOLVE development program of SEL-212 for chronic refractory gout. SEL-212 is a combination of Selecta's ImmTOR immune tolerance platform and a therapeutic uricase enzyme. Sobi has in-licensed SEL-212 from Selecta and is responsible for development, regulatory and commercial activities in all markets outside of China. The phase 3 program for SEL-212 is being run by Selecta and funded by Sobi.
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AME | Hot Stocks08:03 EST Ametek acquires Alphasense - Ametek has acquired Alphasense, a provider of gas and particulate sensors for use in environmental, health and safety, and air quality applications. Alphasense designs and manufactures a range of gas detection sensors used in fixed and portable detection systems. Alphasense is headquartered in Great Notley, Essex, UK, and has annual sales of approximately GBP25M. Alphasense joins Ametek as part of its Electronic Instruments Group.
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KR | Hot Stocks08:03 EST Kroger, Kipster Farms partner on carbon-neutral, cage-free eggs - The Kroger Co. and Kipster Farms announced a strategic partnership to bring the world's first carbon-neutral, cage-free eggs to retail shelves in the U.S. Kipster aims to help create a food system in which animals do not pollute but rather help clean up byproducts of food production. In this way, chickens upcycle food waste into eggs, meat and fertile manure. Kipster is the only poultry farmer in the world to farm with such a high level of circularity. The new Simple Truth eggs will further expand the brand's line of natural and more sustainable choices as part of Kroger's Our Brands product portfolio. Simple Truth and Kipster eggs are expected to be available in select stores in late 2022.
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GROM | Hot Stocks08:02 EST Grom Social's Top Draw Animation adds $1M in new business - Grom Social Enterprises announced that it has been commissioned for an additional $1.0MM in new animation production work, some of which is already underway at its sprawling studio in Manila, the Philippines. The animated projects, none of which have been previously disclosed, are on behalf of global entertainment providers and represent the earliest production work to be fulfilled end-to-end under TDA's leadership duo of Russell Hicks and Jared Wolfson, the studio's newly installed President and Executive Vice President, respectively. Due to confidentiality, Top Draw has not disclosed the commissioned series or clients.
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BYSI | Hot Stocks08:02 EST BeyondSpring receives complete response letter from FDA for plinabulin NDA - BeyondSpring Pharmaceuticals announced it has received a Complete Response Letter, CRL, from the U.S. Food and Drug Administration, FDA, for the New Drug Application, NDA, seeking approval of plinabulin in combination with granulocyte colony-stimulating factor, G-CSF, for the prevention of chemotherapy-induced neutropenia, CIN. The FDA issued the CRL to indicate that they have completed their review of the application and have determined that it cannot be approved in its present form. The FDA's CRL indicated that the results of the single registrational trial was not sufficiently robust to demonstrate benefit and that a second well controlled trial would be required to satisfy the substantial evidence requirement to support the CIN indication. "BeyondSpring strongly believes that plinabulin in combination with G-CSF has significant potential to raise the standard of care in CIN, a devastating side effect of chemotherapy," said Dr. Lan Huang, BeyondSpring's co-founder, chief executive officer and chairwoman. "The Company plans to request a meeting with the FDA and remains committed to its goal of bringing plinabulin to cancer patients in need globally."
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RYAN | Hot Stocks08:00 EST Ryan Specialty Group acquires Crouse and Associates, terms undisclosed - Ryan Specialty Group announced the acquisition of transportation specialist Crouse and Associates. Headquartered in San Francisco, California, Crouse has additional offices throughout California and Oregon as well as in Dallas, Texas. The Crouse team is now a part of RT Specialty, the wholesale brokerage division of Ryan Specialty, and deepens the firm's transportation offering. Crouse was founded in 1975. Along with transportation, Crouse specializes in excess and general liability, as well as other property and casualty risks. Crouse generated approximately $26M of revenue for the twelve months ended November 30. Terms of the transaction were not disclosed.
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BYSI | Hot Stocks07:55 EST BeyondSpring trading halted, news pending
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SGFY | Hot Stocks07:54 EST Signify Health selects Oklahoma City as site of new service center - Signify Health announced plans to open a new service center in Oklahoma City in February, 2022. Oklahoma City joins Dallas, New York City and Rapid City, SD as a regional hub for Signify Health employees who work on-site and remotely. The Company expects to create more than 200 new jobs in greater Oklahoma City and is actively recruiting to fill 50 roles to start in early February. "We are very excited to welcome Signify Health to Oklahoma City," said Oklahoma City Mayor David Holt. "Beyond the jobs they are bringing to Oklahoma City, Signify Health is an innovative company that will add to our community's diverse healthcare fabric. This announcement is just more proof of the positive momentum happening in Oklahoma City right now." Named one of Fast Company's Most Innovative Companies of 2021, Signify Health works with health plans and healthcare providers to support their work to achieve better health outcomes for those they serve. This includes connecting people across the country with doctors, nurses, and social workers to improve healthcare quality and access. "The millions of people we are privileged to serve each year want to do more in and around their home to manage their health, and those who join us will be central to helping them do that," said David Pierre, Chief Operating Officer at Signify Health. "When talking with city and state officials, it became clear that Oklahoma City is home to people who have the right mix of qualifications for Signify Health, but as importantly, also have an interest in opportunities to work at purpose-driven companies like ours. We are delighted to now also call Oklahoma City home," he added.
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BX | Hot Stocks07:52 EST Blackstone acquires SaaS solutions firm Irth, terms undisclosed - Blackstone announced that Blackstone Energy Partners has agreed to acquire Irth Solutions . Irth is a leading provider of cloud-based software-as-a-service "SaaS" solutions that automate processes for damage prevention and asset protection across critical network infrastructure assets. Additionally, Irth collects and analyzes operational and environmental data and runs risk management analytics for its blue-chip customer base across the energy, utilities, telecom and media end-markets. Its products and services support electric grid resiliency, electric vehicle penetration, 5G infrastructure build-out, emissions reduction efforts and help improve the safety and efficiency of pipeline operations. The acquisition of Irth continues Blackstone Energy Partners' focus on investing in companies that support critical infrastructure and the global energy transition. Kush Patel, Managing Director at Blackstone, said: "Irth is well-positioned to benefit from the tailwinds impacting each of the company's end-markets. Irth can be a key partner for electric utilities, telecom companies and energy infrastructure operators as they improve and expand operations, while reducing environmental impacts. We look forward to working with Brad and his team to capitalize on these trends..." Following the acquisition, Irth Solutions will retain its name and continue to operate independently as a Blackstone portfolio company. The transaction is subject to customary closing conditions and is expected to close by the end of December. Lazard and Lincoln International acted as financial advisors to Irth, and Ropes & Gray acted as the company's legal advisor. Kirkland & Ellis served as legal advisor to Blackstone. Terms of the transaction were not disclosed.
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UBS | Hot Stocks07:51 EST UBS appoints Sarah Youngwood as group CFO - Sarah Youngwood will join UBS's Group (UBS) Executive Board at the beginning of March and take over as Group CFO in May, following current CFO Kirt Gardner's decision to step down from his role. Kirt will support Sarah during her two-month onboarding period before retiring from UBS to pursue other opportunities in May. Sarah Youngwood has been CFO of JPMorgan Chase's (JPM) Consumer & Community Banking line of business since 2016. Since 2020, her role has also included leading finance for the firm's global technology unit, as well as the diversity & inclusion team.
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MTCH IAC | Hot Stocks07:50 EST Match Group to pay $441M to settle Tinder-related claims - Match Group (MTCH) announced the settlement of Rad, et al. v. IAC/InterActiveCorp (IAC), et al. and related arbitrations. Under the terms of the settlement agreement, Match Group will pay plaintiffs $441M, and plaintiffs will dismiss all claims presently on trial and in arbitration related to the 2017 Tinder valuation. The company said, "We intend to pay the settlement from cash on hand." The parties issued the following media statement on the settlement: "The parties are pleased to announce that they have settled the valuation lawsuit presently on trial in New York Supreme Court and the related valuation arbitration."
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LI | Hot Stocks07:48 EST Li Auto delivers 13,485 Li ONEs in November, up 190.2% - Li Auto announced that the company delivered 13,485 Li ONEs in November, representing a 190.2% year-over-year increase. Total deliveries for the eleven months ended November 30 reached 76,404, taking cumulative deliveries to 110,001.
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CROJF | Hot Stocks07:46 EST Marimaca Copper COO Luis Tondo to step down - Marimaca Copper announces that, for family reasons, Luis Tondo will step down from his role as COO of the Company. Luis will continue working with Marimaca Copper as a consultant, focused on the various ongoing technical workstreams which are underway.
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CIXX | Hot Stocks07:44 EST CI Financial buys Chicago-based Matrix Capital, which 'oversees' $615M in assets - CI Private Wealth announced it has acquired Matrix Capital Advisors a Chicago-based registered investment advisor. Matrix has been serving high-net-worth clients for more than 20 years and oversees $615M in assets. Matrix features a close-knit team of seasoned professionals led by Managing Directors Christopher Burke and Michael Wik. The personal relationships that Matrix forges with each client are a key aspect of the firm's success, and its client-centric philosophy perfectly aligns with CI's vision for its CI Private Wealth brand. "We are excited to welcome another exceptional firm in Matrix Capital Advisors to CI Private Wealth," said Kurt MacAlpine, CI Chief Executive Officer. "For two decades, Matrix has provided best-in-class service to high-net-worth clients in the greater Chicago area, building deep and meaningful relationships through a personal and customized approach. As part of CI Private Wealth, the Matrix team will continue to comprehensively serve their clients while taking advantage of the additional resources that CI can provide as a global firm." "CI was a natural choice for our firm and our clients, given the company's long experience in asset management and wealth management, scale and dedication to building a national, client-focused private wealth company," said Mr. Burke. "By combining with CI Private Wealth, we will benefit from CI's capabilities and support in all aspects of the business, allowing us to further enhance the service and attention we provide to our clients." Cambridge International Partners served as advisors to Matrix. CI was advised by Hogan Lovells. Financial terms were not disclosed. CI also announced today that it has completed the previously announced acquisition of registered investment advisor McCutchen Group of Seattle. McCutchen, which manages US$3.4B in assets, provides comprehensive financial advisory services ranging from investment management to tax, charitable and estate planning, as well as family office services, to high-net-worth and ultra-high-net-worth clients in the Pacific Northwest and across the U.S. McCutchen is led by Matt McCutchen, the firm's Founder and Chief Executive Officer. These transactions add approximately US$4.0B in assets to CI's U.S. wealth management business, bringing the total to approximately US$86.6B or C$107.3B. When all outstanding transactions are completed, CI's U.S. wealth management assets are expected to be approximately US$98.2B or C$121.7B, with total assets globally reaching approximately US$283.4B, or C$351.1B. Asset amounts are as at October 31.
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MKD | Hot Stocks07:42 EST Molecular Data sets up JV with GY Energy Tech for EV charging solutions - Molecular Data has announced a joint venture with GY Energy Tech, a company funded by several PRC Energy SOEs. The JV will involve constructions of stations to replace batteries, battery replacement services, charging stations, and logistics management platform. The services rendered will not only cover the existing chemical space, it will seek to serve various industries. Electric trucks allow for replacement of a discharged battery with a fully fresh charged one, with the replacement process typically taking less than 5 minutes.
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ACHFF | Hot Stocks07:40 EST Arch Biopartners' LSALT Peptide to enter CATCO trial - Arch Biopartners announced that its lead drug candidate, LSALT Peptide will enter the Canadian Treatments for COVID-19 human trial, a multi-centre adaptive, randomized, open-label, controlled study being conducted in sixty-five hospitals across Canada, in conjunction with the World Health Organization's SOLIDARITY trial, in collaboration with countries around the world and with support from the Canadian Institutes of Health Research-funded Canadian Network of COVID-19 Clinical Trials Networks. LSALT will be evaluated in the Canadian trial. Based on results of the Phase II study completed earlier this year, the primary endpoint of the confirmatory clinical trial will be the difference in the number of respiratory support free days between study groups during the 28-day study period. The control group will receive standard of care and the drug group will receive standard of care plus LSALT. Based on the Phase II results, a total of 320 patients will be required in each study group to detect an unadjusted treatment difference of 3.35 days requiring ventilation with 90% power. Secondary endpoints include mortality, differences in outcomes involving other organs affected by COVID-19, such as kidney, liver, and heart function, time of hospitalization and intensive care stay, healthcare resource utilization, and late follow-up at 12 months post hospitalization. Sunnybrook Research Institute is the sponsor of the CATCO trial. SRI has entered into a collaboration agreement with Arch Biopartners to use LSALT in a new arm of the CATCO trial. SRI and CATCO leadership will now seek ethics committee and Health Canada approvals before commencing the dosing of LSALT in the CATCO trial. The Company's responsibilities during the trial include supplying LSALT drug vials to support the trial until completion. Arch completed the manufacturing of a new supply of vials during the summer and autumn of this year and has enough drug supply on hand for the 320 patients scheduled to be dosed in the CATCO trial.
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GAN CHDN | Hot Stocks07:39 EST Gan Limited launches Ainsworth Game via SuperRGS for Churchill Downs - Gan Limited (GAN) announced the deployment of Ainsworth Game online gaming content occurred via the company's SuperRGS content aggregation platform to Churchill Downs (CHDN) online wagering platform, TwinSpires, in Michigan. In May of this year, Gan announced it had reached an agreement with Ainsworth to obtain the exclusive online rights to all current and future Ainsworth online games for an undisclosed amount. For Gan, this marks the first deployment of exclusive Ainsworth online gaming content via SuperRGS in Michigan.
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OSIIF | Hot Stocks07:38 EST Osino Resources announces discovery of gold mineralization at Twin Hills West - Osino Resources is pleased to announce the discovery of new shallow zones of gold mineralization at Twin Hills West, just 3km from the main mineral resource at Bulge and Twin Hills Central. After initially drilling twelve diamond and RC holes in the area in 2019, Osino followed this up with 54 additional holes drilled since March 2021. The program comprised a first-pass exploration diamond drill campaign and follow-up RC drilling which is ongoing. The program identified three new coherent zones of mineralization. The mineralization is currently being defined at a 50 x 50m drill spacing with the aim of adding inferred ounces to the next Twin Hills mineral resource estimate, scheduled to be released at the end of Q1 2022. Osino controls a consolidated district-scale land package which has so far yielded four significant gold discoveries. Scout drilling at Terminal One, 1,500m to the west of THW, has also intersected narrow zones of mineralization indicating the potential in that direction. The exploration and resource drilling is ongoing across the district, with the aim of growing the existing mineral resources and making new discoveries. THW was first identified in the calcrete sampling program of 2018 as a low-level anomaly along a secondary structure south of the Karibib Fault, coincident with a magnetic anomaly. In 2019, a total of 111 vertical RAB holes in three fence lines were drilled over THW to sample bedrock beneath the calcrete cover, which is generally between 15-40m thick in this area. These bedrock samples produced several anomalous assays with a best result of 2.68g/t over 1m. In 2019 a total of 12 diamond holes were drilled over the central part of THW with the best hole returning 16m @ 1.38g/t. At that time the drilling was stopped at THW to focus on the large-scale discoveries made at Bulge and THC. A short program of 7 holes was completed at THW early in 2021 as part of the brownfields exploration initiative which returned another significant hole from the central portion. Following an updated structural study and remodeling of the magnetics, it became clear that THW was divided into three portions, cut by NNW faults which were later infiltrated by mafic dykes. A diamond drill program was initiated in March 2021 to test the three lobes of the THW deposit named Eland, Oryx and Kudu - see Figure 2. A total of 28 holes for 5,862m were completed in August and assays indicated two mineralized zones at Oryx and one at Kudu all striking ENE and plunging to the NE. Significant results include OKD175 - 32m @ 1.06g/t incl. 12m @ 1.93g/t, OKD287 - 32m @ 1.04g/t incl. 6m @ 2.60g/t and 4m @ 3.28g/t and OKD311 - 44m @ 1.07g/t incl. 32m @ 1.15g/t. The Eland lobe has not produced any anomalous assays to date.
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ALIM | Hot Stocks07:37 EST Alimera Sciences announces addition of Erin Parsons to board of directors - Alimera Sciences announces the addition of Erin Parsons to its Board of Directors. Parsons has more than 20 years of experience working in the ophthalmic industry overseeing scientific strategy, medical communications, advocacy development, and peer-to-peer educational programs, much of this in the retina space.
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RDHL | Hot Stocks07:37 EST RedHill says 'large' American payor to add Movantik to Medicare Part D formulary - RedHill Biopharma announced that one of America's largest payors, serving more than 10 million Americans through multiple Medicare plans, has approved the inclusion of Movantik, naloxegol, a peripherally acting mu-opioid receptor antagonist PAMORA for opioid-induced constipation, as a preferred and unrestricted brand on its National Medicare Part D formulary starting January 1, 2022. "It is important for optimal chronic pain treatment that patients are able to manage the debilitating constipation that often accompanies opioid therapy and have access to treatments such as Movantik," said Rick Scruggs, RedHill's Chief Commercial Officer. "This important new listing for Movantik, the market-leading PAMORA for opioid-induced constipation, as a preferred and unrestricted brand on a major National Medicare Part D formulary provides that access to more than 10 million more Americans covered by this formulary. Movantik now has coverage of 90% of U.S. commercial lives and will increase to over 94% coverage of Medicare Part D lives, as we continue our efforts to increase patient access to Movantik."
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VBIV | Hot Stocks07:36 EST VBI Vaccines announces FDA approval of PreHevbrio - VBI Vaccines announced that the FDA has approved PreHevbrio for the prevention of infection caused by all known subtypes of hepatitis B virus, or HBV, in adults age 18 years and older. PreHevbrio contains the S, pre-S2, and pre-S1 HBV surface antigens, and is the only approved 3-antigen HBV vaccine for adults in the U.S.
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ADMP | Hot Stocks07:36 EST Adamis Pharmaceuticals announces additional data on ZIMHI - Adamis Pharmaceuticals announced that additional data in a quantitative systems pharmacology model supports the dose of naloxone hydrochloride that is included in the company's ZIMHI 5 mg/0.5 mL product. The model data supports the dose of naloxone in ZIMHI as being more likely to produce successful resuscitation of high concentration fentanyl overdoses. These results support the dose of naloxone in ZIMHI as being appropriate for more likely successful resuscitation from fentanyl overdoses, thereby saving more lives. The company recently announced that the U.S. Food and Drug Administration has approved ZIMHI for use in the treatment of opioid overdose. The new experiments examined the 4 mg IM dose in the model. The time to decreasing the amount of opioid bound to the brain receptors to less than 50% was found to be earlier for the 5 mg IM dose compared to the 4 mg IM dose at high level of fentanyl exposure. At the highest fentanyl concentration tested, the 5 mg IM, but not the 4 mg IM (8 mg IN), decreased fentanyl brain receptor occupancy to less than 50%. Thus, the 5 mg IM resulted in a successful resuscitation in this model, but the 4 mg IM did not. Dr. Dennis Carlo, President and CEO of Adamis, stated, "We believe these additional data support the need for ZIMHI's higher IM dose of naloxone in the treatment of opioid overdoses, particularly those that involve fentanyl. The data generated predicts that ZIMHI will result in more rapid and higher levels of naloxone when compared to the other available commercial products, including the recently approved higher IN dose. This should result in more successful resuscitations and more lives saved. We believe that our partners at US WorldMeds, who are leaders in the addiction treatment area, will leverage their commercial infrastructure to successfully launch ZIMHI."
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VRTX | Hot Stocks07:35 EST Vertex Pharmaceuticals announces data from VX-147 study - Vertex Pharmaceuticals announced that, in a Phase 2 proof-of-concept, or POC, study in patients with APOL1-mediated focal segmental glomerulosclerosis, or FSGS, VX-147 on top of standard of care achieved a statistically significant, substantial and clinically meaningful mean reduction of 47.6% in the urine protein to creatinine ratio, or UPCR, at Week 13 compared to baseline. VX-147 was well tolerated. These results provide the first clinical evidence and POC that an oral small molecule APOL1 inhibitor can decrease proteinuria in patients with APOL1-mediated kidney disease. Based on these results, Vertex plans to advance VX-147 into pivotal development in APOL1-mediated kidney disease, including FSGS, in Q1 2022. A total of 16 patients were enrolled in the study. According to the pre-specified statistical analysis plan, three patients who were noncompliant with treatment were not included in the primary efficacy analysis. In the 13 evaluable patients, treatment with VX-147 on top of standard of care resulted in a rapid, statistically significant and clinically meaningful mean change in proteinuria from baseline of -47.6% following 13 weeks of treatment. Reduction in proteinuria was observed early and continued throughout the 13-week treatment period. Results were consistent regardless of baseline proteinuria or background therapy. There were no treatment discontinuations due to adverse events, or AEs, and there were no serious adverse events considered related to study drug. All AEs were mild or moderate in severity. The most common AEs were headache, back pain and nausea. Based on these data, Vertex plans to advance VX-147 into pivotal development in Q1 2022 as a potential therapy for the more than 100,000 patients with proteinuric kidney disease mediated by variants in the APOL1 gene, including, but not limited to, FSGS. Consistent with the company's serial innovation strategy, Vertex will also continue to investigate additional small molecule APOL1 inhibitors in the clinic.
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DKNG | Hot Stocks07:35 EST DraftKings, KRI to advance veteran-focused responsible gaming research - DraftKings announced a multi-year financial commitment to Kindbridge Research Institute, KRI, for a new research program to study the nexus of veterans and responsible gaming, with the ultimate goal of advancing evidence-based research in this area and improving the lives of impacted veterans. This initiative is designed to provide a solution to the lack of information about problem gaming among veterans. "Today's announcement underscores our commitment to furthering evidence-based research in responsible gaming and DraftKings' long-standing support for our veterans," said Christine Thurmond, Director of Responsible Gaming, DraftKings. "The DraftKings S.E.R.V.E.S. global corporate social responsibility program encompasses both our responsible gaming activities and our Tech for Heroes program, which provides free high-tech skills training to veterans and military spouses, as well as 1:1 mentoring opportunities with our employees. Supporting this vitally important veterans research is something DraftKings takes pride in."
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DAKT | Hot Stocks07:34 EST Daktronics expects dynamic supply chain conditions to persist through next year - CEO Reece Kurtenbach added, "We expect dynamic supply chain conditions to persist through next calendar year. As we continue to work through supply chain challenges, inflationary pressures, and evolving pandemic impacts, we expect volatility in our pricing, order and revenue cycles, and production costs in the near term. Over the long-term, we believe the fundamentals of the audiovisual industry are strong and are poised for continued growth. To position us to benefit from both near term growth and long-term trends, we are actively investing in capacity, in new technologies, and in different markets to make Daktronics and our solutions the preferred choice for new and existing customers."
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STAB | Hot Stocks07:33 EST Statera BioPharma announces lift of clinical hold on entolimod - Statera Biopharma announced that the U.S. Food and Drug Administration has lifted the clinical hold placed on the Company's Entolimod research and development activity in acute radiation syndrome. Based on the Company's response, the FDA acknowledged that the Company satisfactorily addressed historical regulatory matters. Based on the data demonstrating efficacy and safety in acute radiation syndrome, Statera intends to evaluate ongoing development requirements and medical needs for Entolimod. In addition, Statera is establishing a development program in Oncology and Hematology based on the potential that toll-like receptor 5 agonists, such as Entolimod, have shown in the treatment of neutropenia and anemia in cancer patients. Discussions are underway with a renowned U.S. academic institution to initiate the first study of Entolimod in this new area of focus in 2022.
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TPRFF | Hot Stocks07:31 EST Gran Colombia Gold announces updates mineral resource estimate - GCM Mining announced that it has completed an updated Mineral Resource estimate for its Toroparu Project in Guyana with an effective date of November 1, 2021 and in accordance with the Canadian Institute of Mining Metallurgy and Petroleum, CIM, Definition Standards incorporated by reference in National Instrument 43-101 - Standards of Disclosure for Mineral Projects. GCM Mining also announced that Nordmin Engineering and SRK Consulting have completed preliminary results of a Preliminary Economic Assessment, PEA, for the Toroparu Project effective November 26, 2021 and is currently finalizing the technical report to be prepared in accordance with NI 43-101 and filed on SEDAR and the Company's website in mid-January 2022. Lombardo Paredes, Chief Executive Officer of GCM Mining, commented "The PEA was initiated as a result of a significantly expanded Mineral Resource developed from the discovery of the structural control of high-grade gold mineralization at Toroparu as reported in our July 6, 2021 press release. Compared with Gold X Mining's previous Mineral Resource estimate, total Measured and Indicated Gold Resources have increased by approximately 15% to 8.4 million ounces of gold and reflect an increase in the average head grade from 0.91 g/t to 1.42 g/t in the latest update. The updated mineral resource estimate reported herein, which represents a potential step change to the economic value of Toroparu, underlies the scoping of a long mine life project within the PEA recovering 280,000 ounces of gold in the first year of operation in 2024 and an estimated 225,000 ounces of gold per year from both surface and underground mining operations over 24 years. A total of 5.4 million ounces of gold is expected to be produced over the LoM in the PEA, an approximately 20% increase from the previous PEA prepared by Gold X Mining in July 2019. We have already commenced pre-construction activities at the Toroparu Project site. We have hired Haukes Construction Ltd., a division of Haukes NV of Suriname, for construction of the preliminary earthworks at Toroparu, with development of the permanent man-camp, airstrip and rock quarries currently underway. Preparations are also being made for the rehabilitation of the historical access road commencing early next year. Based on the technical and financial merits demonstrated by the PEA and funded by the $300M Senior Notes financing we closed in August and the Wheaton stream, we are proceeding with construction of the Toroparu Project, which is initially focused on the surface mining of higher-grade gold processed through a 7,000 tonnes per day gold leach mill. The PEA envisions an expansion of milling capacity to 14,000 tpd with the addition of a copper concentrator in year 6 and the addition of underground mining operations in year 10 of the mine life. Importantly, the Toroparu Deposit is open both along strike and at depth with the additional mineralization potential below the 450 m level amenable to underground mining methods. We believe the Toroparu Project has the potential to be a multi-generational gold mine which can create significant value for our shareholders, solidifying its position along with our Segovia Operations as a cornerstone asset in GCM Mining."
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IRWD | Hot Stocks07:31 EST Ironwood appoints Sravan Emany as CFO - Ironwood announced the appointment of Sravan Emany as senior vice president, CFO. Emany will become a member of Ironwood's leadership team and be responsible for all financial operations of the company, including financial planning and reporting, tax, accounting, and investor relations effective December 6. He will report to Thomas McCourt, chief executive officer of Ironwood. Prior to this, Emany led numerous mergers and acquisitions in the healthcare sector.
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PRTC | Hot Stocks07:30 EST PureTech Health says weight management approach Plenity widely available - PureTech Health noted that its Founded Entity, Gelesis announced that Plenity, an FDA cleared weight management approach, is now broadly available across the United States to adults who meet the prescription criteria. Gelesis also announced the appointment of leading health and nutrition authority Joy Bauer, MS, RDN, CDN, as Chief Nutrition Officer. In this new role, Bauer will offer nutrition counseling and education for Plenity members and engage with and educate healthcare professionals about the product. Bauer is one of the nation's leading health and nutrition authorities. She is a beloved media personality and a #1 New York Times bestselling author with 14 bestsellers to her credit. In the earlier part of her career, Bauer was the Director of Nutrition and Fitness for the Department of Pediatric Cardiology at Mount Sinai Medical Center in New York City, as well as the clinical dietitian for their neurosurgical team. She has worked closely with Plenity since spring 2021 on healthcare provider support, establishing awareness and educating registered dietitian nutritionists RDNs on the safety profile and clinical evidence for Plenity. As part of her expanded role with the company, she will continue to build education and advocacy to support RDNs in recommending Plenity to their patients through professional educational content, key events, and outreach to members of the Academy of Nutrition and Dietetics and other certified nutrition professionals. Plenity is available by prescription via a stigma-free telehealth consultation with a physician trained in weight management support, with free, unlimited follow-up visits as needed. The pandemic continues to prove out the importance of convenient access to healthcare, and the Plenity experience-including both the digital model and the strong efficacy to safety profile-is built to address that. A Plenity subscription costs $98 for a four-week supply and, if prescribed, the product arrives in two business days.
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KTOS MSFT | Hot Stocks07:30 EST The Digital IF Interoperability Consortium announces six new members - The Digital IF Interoperability Consortium announced the addition of six new members from across industry sectors, including: Genus Group, a provider of services supporting communications and satellite systems; Isotropic Systems, a developer of transformational broadband terminal technologies; Israel Aerospace Industries, am Israeli aerospace and defense manufacturer; Quintech Electronics & Communications, Inc., an Evertz Company, a designer and manufacturer of RF signal management communications equipment; Welkin Sciences, a developer of technologies that enable Digital IF earth terminal architectures; and Work Microwave, a developer and manufacturer of RF electronics technologies and products. DIFI members are coming together to support innovation and the digital transformation of space, satellite and related network technologies through the development of industry interoperability standards. The founding members of DIFI include Hawkeye 360, Intelsat, Kongsberg Satellite Services, Kratos Defense & Security Solutions (KTOS), Microsoft (MSFT), and the U.S. Navy.
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ACAH | Hot Stocks07:30 EST Atlantic Coastal Acquisition Corporation (Class A Stock) trading resumes
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SABS | Hot Stocks07:30 EST SAB Biotherapeutics Inc trading resumes
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CZOO | Hot Stocks07:29 EST Cazoo launches service in France, Germany - Cazoo announced that it has now launched its service in both France and Germany. Following its launch in both France and Germany, Cazoo intends to grow its inventory to thousands of cars as it expands across Europe over the coming months as well as adding many new features to its EU proposition including buying cars directly from consumers, fully digital car financing and all-inclusive monthly car subscriptions.
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FA | Hot Stocks07:27 EST First Advantage completes acquisition of Corporate Screening Services - First Advantage announced that it has completed the acquisitions of Corporate Screening Services, a healthcare and higher education focused screening and compliance solutions provider headquartered in Cleveland, Ohio, and MultiLatin Advisors, S.A. de C.V, a screening and verifications provider based in Mexico City, Mexico. "We are excited to welcome the Corporate Screening and MultiLatin teams to the First Advantage family, and we look forward to working together to grow our businesses", said Scott Staples, Chief Executive Officer. "These acquisitions align with our capital allocation priorities and will provide us with accelerated vertical expertise, product innovation and international expansion."
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SLNH | Hot Stocks07:27 EST Soluna Holdings files universal shelf offering - Soluna Holdings announced that it has filed a "universal shelf" registration statement on Form S-3 with the Securities and Exchange Commission for the registration of Common Stock, Preferred Stock, Debt Securities, Warrants, Units, and the Subscription Rights, as well as the resale of certain securities privately offered by the Company. When declared effective by the SEC, the shelf registration statement will allow the Company to raise capital, up to an aggregate of $150.0 million, excluding the resale of certain securities privately offered by the Company. The specifics of any future offering, along with the prices and terms of any such securities and the use of proceeds of a particular offering, will be determined at the time of any such offering and will be described in a prospectus supplement filed in connection with such offering. Once declared effective by the SEC, the shelf registration statement will be in effect for three years, or such shorter period that the securities registered under the shelf registration statement have been issued or sold.
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LH | Hot Stocks07:27 EST LabCorp, ConcertAI enter precision oncology research collaboration - Labcorp and ConcertAI announced a collaboration to optimize precision oncology research. The companies will work together to launch clinical studies in an effort to minimize the burden on physician practices, drive faster patient recruitment, maximize patient retention and ensure equitable access to research as a care option. Through this collaboration, Labcorp will leverage ConcertAI's suite of software-as-a-service offerings for clinical trial design, protocol optimization, site selection and study execution. These solutions, when paired with Labcorp's expertise in clinical development services and diagnostic testing, will optimize oncology clinical trial design and execution using RWD and AI.
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VIRI | Hot Stocks07:27 EST Virios achieves over 50% enrollment milestone in its FM Phase 2b clinical trial - Virios Therapeutics announced that more than 50% of the patients planned for the Phase 2b FORTRESS, Fibromyalgia Outcome Research Trial Evaluating Synergistic Suppression of HSV-1, study have been randomized. The FORTRESS study is a randomized, double-blind evaluation of IMC-1 in patients with fibromyalgia FM. Worldwide, FM affects 3-6% of the population and is characterized by widespread chronic pain and multiple symptoms often including severe fatigue, sleep disruption and cognitive dysfunction. Based on Virios market analysis, we estimate that only 15% of FM treatment prescribers report satisfaction with existing treatment options. The FORTRESS study builds on the statistically significant results from the Company's previously completed Phase 2a FM clinical study. The 143-patient Phase 2a trial demonstrated that IMC-1 met its primary endpoint of pain reduction and was statistically better tolerated than placebo. "We are pleased that enrollment in our FORTRESS trial is progressing rapidly, with careful patient selection and the support of more than 40 U.S. clinical sites," said R. Michael Gendreau, M.D., Ph.D., Chief Medical Officer of Virios Therapeutics. "We are very grateful for the physicians at these sites and their patients for their commitment and willingness to participate in this critical FM trial, especially during a pandemic. Reaching this enrollment milestone on a timely basis indicates that we are currently on track to report top line results in Q3 of 2022." Greg Duncan, Chairman and CEO of Virios, stated, "Fibromyalgia is a chronic disease that affects 10 million patients in the U.S. As many as 40% of FM patients are being treated with opioids, according to market surveys. This is particularly troubling given FM patients treated with opioids have been shown to experience worse outcomes among multiple assessment domains. Consistent with our mission, Virios Therapeutics is developing the non-opioid IMC-1 with the end goal of advancing care for hundreds of millions of patients globally in need of new FM treatment options." Virios' lead antiviral development candidate Virios' lead antiviral development candidate, orally administered IMC-1, is a novel, proprietary, fixed dose, antiviral therapy combining famciclovir and celecoxib. This dual mechanism antiviral therapy is designed to synergistically suppress Herpes Simplex Virus-1 activation and replication. The uniqueness of this approach has garnered IMC-1 "fast track" designation by the U.S. Food and Drug Administration, the first of its kind for a new FM development candidate. It is the Company's hypothesis that HSV-1 related immune responses can serve as a catalyst for symptoms commonly associated with FM, irritable bowel syndrome and related disorders. This hypothesis is supported by both clinical and mechanistic data, the latter of which has suggested that HSV-1 is actively replicating in the tissue of patients diagnosed with FM and chronic GI disorders, such as IBS.
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LIACF | Hot Stocks07:26 EST American Lithium intersects Lithium-bearing claystone at TLC North - American Lithium announce that initial exploration drilling has been launched at TLC North near Tonopah Nevada. Initial drilling has successfully drilled thick intersections of lithium-bearing claystone. The Company is finalizing the precise positioning of drill collars for its next phase of development drilling under its Plan of Operations filed in January 2021 and expected to receive final approval in mid-late December 2021. Tonopah Lithium Claims - Exploration Details: 15-hole Reverse Circulation exploration drill program, approved under a new 5-acre Notice, has started at TLC North and East, marking initial drilling in these areas; 10 holes are planned at TLC North to test high grade target areas where up to 2,361 ppm lithium recovered from surface grab samples; Additional 5 holes will also be drilled on newly staked land east of the TLC resource area; 6 vertical RC holes completed to date at TLC North have intersected target claystone horizons near surface immediately beneath alluvial cover 13.7 - 48 m thick; Claystone stratigraphy intersected ranges from 38 m - 96.9 m thick; High lithium contents have been recorded in mineralized claystone intersected in southwest holes; Samples from these 6 initial holes have been submitted to American Assay Laboratories in Sparks, Nevada, with results pending; Twinning of several holes within the TLC resource area also planned to test for additional, deeper lithium mineralization, drill to basement to understand basin dynamics and pinpoint depth of water table; A drone magnetic geophysical survey has been launched to provide valuable information on the location and orientation of fault structures, basin architecture and depth to basement; The 146 line km survey by Pioneer Exploration Consultants Ltd. of Ottawa is using their DRONE-MAG system with 100 m line spacing; 1,000 m tie lines and minimum safe flight height; Optimization of process engineering and pre-concentration work continues to enable completion of Preliminary Economic Assessment by end Q1 2022; and Drilling will resume in early January with multiple rigs.
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SABS | Hot Stocks07:25 EST SAB Biotherapeutics Inc trading halted, news pending
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ACAH | Hot Stocks07:25 EST Atlantic Coastal Acquisition Corporation (Class A Stock) trading halted, news pending
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XOM | Hot Stocks07:25 EST Exxon Mobil to maintain capital investments of $20B-$25B through 2027 - ExxonMobil said it has finalized corporate plans, which increase spending to $15B on greenhouse gas emission-reduction projects over the next six years while maintaining capital investments in its portfolio. The plans support the corporate strategy of continued structural cost savings, investment in low-cost-of-supply and lower-emission products, and further portfolio high-grading, positioning the company to double earnings and cash flow by 2027 versus 2019. The company also announced it is on track to meet its 2025 greenhouse gas emission-reduction plans by year-end 2021, four years ahead of schedule. In addition, ExxonMobil has developed more aggressive plans for further Scope 1 and Scope 2 reductions through 2030, consistent with Paris Agreement pathways. ExxonMobil plans to maintain capital investments in the range of $20B-$25B per year through 2027 with flexibility to adjust to adverse market conditions or changes in policy and technology for low-emissions projects. Projected growth of cash flow and earnings in the Upstream business results from cost reductions and progressing advantaged investments in low-cost-of-supply projects in Guyana, Brazil, and the Permian Basin in the United States. More than 90% of Upstream planned capital investments through 2027 are expected to generate returns of greater than 10% at prices less than or equal to $35 per barrel of oil equivalent, while reducing Upstream GHG emissions intensity by 40%-50% through 2030, compared to 2016 levels. Downstream and Chemical earnings and cash flow growth plans are focused on high-return projects, which are expected to double the volume of performance chemicals and lower-emission fuels and lubricants. The company will leverage its manufacturing scale, integration, and technology position to high-grade its portfolio and reduce costs, while optimizing operations and leveraging the capabilities of the Low Carbon Solutions business to reduce greenhouse gas emission intensity at operated facilities. Increased cash flow and earnings enable both further debt reduction and returns to shareholders. It has also announced a $10B share-repurchase program over 12-24 months that will commence in 2022, and it increased its annual dividend payment for the 39th consecutive year. As part of its plan, ExxonMobil has committed $15B for lower-emission investments through 2027. These investments will include a balance between projects to reduce greenhouse gas emissions from existing operations and increased investments in the Low Carbon Solutions business.
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IBIBF | Hot Stocks07:24 EST IBI Group acquires environmental consulting firm Teranis, terms not disclosed - IBI Group announced that it has completed the purchase of British Columbia-based Teranis Consulting. Teranis is a scientific and environmental consulting firm specializing in environmental investigation, remediation and risk assessment, with a focus on supporting First Nations communities. The Acquisition complements IBI's existing sustainability and environmental management business, and supports the Company's goal of fostering improved relations with Indigenous communities in Canada and across North America. Founded in 2006, Teranis was born out of a need to provide more inclusive, respectful and ethical services to First Nations communities, with the majority of its clients residing in such communities throughout British Columbia. Specializing in high quality, value-added professional services associated with contaminated site investigation, remediation and risk assessment, the firm's approach is to actively engage the Nation and its membership, and to build capacity wherever possible during the environmental assessment of its land.
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TRP | Hot Stocks07:23 EST TC Energy to highlight strategy, five-year outlook at virtual Investor Day - TC Energy Corporation will host its annual Investor Day in a virtual format today. During the event the company will provide an overview of its corporate strategy, five-year financial outlook and the targets it has set to support its ten sustainability commitments. In addition, the company will outline the opportunity set that lies ahead for its natural gas pipelines, liquids pipelines and power and storage businesses in Canada, the United States and Mexico. "Our vision is to be the premier energy infrastructure company in North America, now and in the future," said Francois Poirier, TC Energy's President and Chief Executive Officer. "Our $100B portfolio of high-quality, long-life energy infrastructure assets is performing very well as evidenced by the record financial results we are on course to deliver in 2021. We also have visibility to significant future growth as a result of both the world's growing demand for energy and the transition to a cleaner energy future. Today, we are advancing $29B of commercially secured projects that will expand and extend our asset footprint across North America and generate attractive long-term returns for our shareholders as they enter service over the next five years... we expect to improve our already solid credit profile and exceed targeted credit metrics in the latter part of our five-year plan. This will provide us with the capacity to fund additional growth opportunities, continue our long history of dividend increases or consider a share buyback. As always, we will allocate capital in a manner that maximizes growth in earnings, cash flow and dividends per share and delivers superior long-term returns to our shareholders." Looking forward, TC Energy expects to capture substantial new opportunities that would add to its EBITDA growth outlook.
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BITF BTC | Hot Stocks07:20 EST Bitfarms says mined over 3,000 bitcoin in 2021 through November - Bitfarms provides a Bitcoin production and operations update for the month of November 2021. November 2021 Bitfarms' Mining Production Update: 2.1 EH/s achieved effective November 25, 2021. 339 new BTC mined during November 2021. 3,089 BTC mined in the first eleven months of 2021. 11+ BTC mined daily on average, equivalent to about US$649,000 per day based on a BTC price of US$59,000 on November 30. 2,973 BTC deposited into custody for the year through November 30, 2021, representing approximately 96% of Bitfarms' 2021 BTC production and a total value of approximately US$175 million based on a BTC price of US$59,000. November 2021 Bitfarms' Mining Operations Highlights: 3,588 Bitmain S19j Pro miners received. 400 MicroBT M30S miners received. The remaining 702 Bitmain S19j Pro scheduled for delivery are expected to be received in the first half of December. Contractually secured 1,200 Bitmain S19 XP miners for delivery in 2022 - at 140 Terahash per second the most powerful and efficient miner available in the market today. Acquired a 24-Megawatt hydro-powered facility in Washington state and entered into a Memorandum of Understanding to co-develop up to an additional 75 MW in the area. Boosted capacity from 82 MW to 106 MW, reflecting the acquisition of the Washington state facility. Bitfarms reiterates its goals to grow its hashrate to 3 EH/s in first quarter 2022 and 8 EH/s by year end 2022.
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DFFN | Hot Stocks07:20 EST Diffusion Pharmaceuticals announces issuance of US Patent - Diffusion Pharmaceuticals announced that it has been granted United States Patent No. 11,185,523, "Use of Bipolar Trans Carotenoids With Chemotherapy and Radiotherapy for Treatment of Cancer," by the United States Patent and Trademark Office. This patent includes new claims related to methods of treating cancerous tumors by administering the Company's lead product candidate, trans sodium crocetinate, in combination with radiation therapy and chemotherapy. "We believe the issuance of this patent represents another important step in our development of TSC and provides us with additional intellectual property protection to support the design and execution of our recently announced clinical program to support the use of intravenously administered TSC as a treatment for hypoxic solid tumors," said Robert Cobuzzi, Jr., Ph.D., President and Chief Executive Office of Diffusion.
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ACAH ADTV | Hot Stocks07:20 EST Essentium to become public through Atlantic Coastal Acquisition combination - Essentium announced that it has entered into a definitive business combination agreement with Atlantic Coastal Acquisition Corporation (ACAH). Upon completion of the transaction, which is expected to occur around the end of Q1 of 2022, the combined company will retain the Essentium name and is expected to be traded on The Nasdaq under the new ticker symbol (ADTV). Founded in 2013, Essentium is an advanced manufacturing ecosystem provider that develops industrial 3D printing solutions across systems, materials, software, and services to enable a new distributed manufacturing footprint. Following the closing of the proposed transaction, Essentium will continue to be led by its existing management team including Blake Teipel, COO Lars Uffhausen, and interim CFO Jonathan Bailiff. The proposed business combination values the combined company at a $974M pro forma enterprise value, at a price of $10.00 per share and assuming no redemptions by Atlantic Coastal shareholders, offering a valuation of 4.6x Essentium's projected 2023E Revenue of $212M. The proposed transaction is expected to deliver up to $346M of net proceeds to the company, assuming no redemptions and net of transaction expenses, including a fully committed common stock PIPE of over $40M at $10.00 per share led by institutional and strategic investors including BASF, Atalaya and Apeiron. Atlantic Coastal's management team is also contributing $20M to the PIPE. Existing Essentium shareholders will roll over 100% of their equity into the combined company. Following the closing of the transaction, these shareholders are expected to hold approximately 64% of the issued and outstanding shares of common stock. Atlantic Coastal and ACM ARRT VII C LLC, an affiliate of Atalaya, have agreed to conduct a joint tender offer for the shares held by Atlantic Coastal stockholders seeking to exercise redemption rights in connection with the closing of the proposed transaction. Subject to certain limitations, Atalaya has agreed to purchase the first 10M shares tendered by stockholders exercising such redemption rights, while Atlantic Coastal will purchase any shares in excess of 10M shares tendered for redemption. Subject to early settlement or termination under certain circumstances, Atlantic Coastal has agreed to purchase all of the shares acquired by Atalaya in the joint tender offer or PIPE at the redemption price pursuant to a forward purchase agreement, which provides for the purchase of such shares by Atlantic Coastal along with the related settlement of such forward purchase in cash or shares, at Atalaya's election, occurring two years thereafter. The boards of directors of both Essentium and Atlantic Coastal have each unanimously approved the proposed business combination, which is expected to be completed around the end of the first quarter of 2022, subject to, among other things, the approval by Atlantic Coastal's shareholders of the proposed business combination, the concurrent PIPE transaction, satisfaction of the conditions stated in the definitive agreement and other customary closing conditions, including a registration statement on Form S-4 being declared effective by the U.S. Securities and Exchange Commission, the receipt of certain regulatory approvals, and approval by Nasdaq to list the securities of the combined company.
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CLNN | Hot Stocks07:19 EST Clene Nanomedicine present updated data from RESCUE-ALS Phase 2 study - Clene, along with its subsidiaries "Clene" and its wholly owned subsidiary Clene Nanomedicine, presented new data from the RESCUE-ALS Phase 2 study of CNM-Au8, a catalytically active gold nanocrystal suspension, in the treatment of amyotrophic lateral sclerosis, ALS, at the 4th Annual ALS ONE Research Symposium which took place virtually on November 30, 2021. New data presented included analyses of CNM-Au8's efficacy in limb and bulbar onset participants across key endpoints of slowing ALS clinical worsening: Consistent clinical benefit was shown in both limb and bulbar onset participants for the pre-specified endpoint of ALS disease progression defined as death, or the need for tracheostomy, non-invasive ventilation, or gastrostomy; and Similarly, CNM-Au8 treated participants showed consistent clinical benefit in the proportion without a 6-point decline on the ALSFRS-R across both limb and bulbar onset participants in a post hoc analysis. In a pre-specified joint-rank analysis of survival and ALSFRS-R decline, the Combined Assessment of Function and Survival, CAFS, CNM-Au8 showed directional benefit. "We were pleased to continue sharing our findings from the RESCUE-ALS trial with the ALS community at this symposium. We continue to remain excited about these clinically meaningful findings, which given the remarkable safety and tolerability of CNM-Au8 seen so far in the development program, speak to the potential for a positive benefit-risk assessment," stated Dr. Robert Glanzman, Chief Medical Officer at Clene.
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RLYB | Hot Stocks07:19 EST Rallybio reports data in RLYB211 clinical program for prevention of FNAIT - Rallybio announced data from its ongoing Phase 1/2 study of RLYB211 showing significant benefit over placebo. RLYB211, a plasma-derived polyclonal anti-HPA-1a antibody, is being evaluated for the prevention of Fetal and Neonatal Alloimmune Thrombocytopenia FNAIT, a potentially life-threatening rare disease that can cause uncontrolled bleeding in fetuses and newborns. There is currently no approved therapy for the prevention or treatment of FNAIT. Extending previous findings, the new data show that administration of RLYB211 accelerated the elimination of HPA-1ab-positive platelets through 7 days following administration compared with placebo. The study simulated a real-world treatment approach to preventing FNAIT. These data support Rallybio's first-in-human clinical trial of its lead candidate RLYB212, a novel human monoclonal anti-HPA-1a antibody which has the same mechanism of action as RLYB211. Data from the Phase 1/2 RLYB212 trial are anticipated mid-year 2022.
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SCLE VLTS | Hot Stocks07:18 EST Voltus, Broadscale Acquisition enter agreement for business combination - Voltus and Broadscale Acquisition announced a definitive agreement for a business combination that will result in Voltus becoming the first publicly traded pure-play DER software technology company. Upon closing of the transaction, the combined company will be named Voltus Technologies, Inc. and will remain listed on the Nasdaq under the new ticker symbol "VLTS." Voltus is a category creator providing the leading software technology platform to orchestrate and monetize distributed energy resources, including demand response, distributed generation, energy storage, energy efficiency, and EV batteries and EV charging infrastructure - which are the future of our electricity system as it decentralizes, decarbonizes, and digitizes in response to climate change; the need for greater resiliency; and the increased penetration of intermittent renewable power sources. Voltus leverages its world-class technology team and extensive electricity market expertise to maximize the value of every DER with no upfront cost or risk for its over 600 customers, including Home Depot, Coca-Cola and Simon Property Group. Grid operators pay Voltus to connect DERs to the market and Voltus shares a portion of revenues with its customers as well as with its DER partners, including recently announced partners PowerSecure and ENTOUCH, a leading energy management company. Voltus has built a highly capital-efficient software technology business model. Highlights include: approximately 40% gross margins; 100%+ net customer value retention; and an impressive 10:1 ratio of Lifetime Value to Customer Acquisition Cost. The Company has a clear track record of predictable, rapid, recurring revenue growth in a massive global market supported by macro tailwinds as approximately $3 trillion in global electricity spend transitions to DERs. The Company also enjoys strong visibility into future revenue given an average contract term length of roughly five years. Voltus has approximately $275 million in revenue backlog from contracted megawatts on its platform, as well as a pipeline of $1.3 billion. Voltus expects the pipeline to grow significantly as the company strategically deploys the proceeds expected from this transaction. The combined company will be led by Gregg Dixon, Chief Executive Officer and Co-founder, Matthew Plante, President and Co-founder, Dana Guernsey, Chief Product Officer, and Neil Lakin, Chief Technology Officer. Voltus's leadership team has more than 100 years of collective experience in the DER market and has delivered more than 12,000 megawatts of DERs to market, more than any other team in the industry. Voltus's Chief Regulatory Officer, Jon Wellinghoff, previously was the longest-serving Chairman of the Federal Energy Regulatory Commission. The Company has created the only DER technology platform integrated into all nine U.S. and Canadian electricity markets and it offers more than 50 discrete programs to monetize DERs, more than any competitor. Voltus is a pioneering ESG company that enables the adoption of clean, resilient DERs, which are poised to permanently displace 3.9 gigatons of annual CO2 emissions globally from traditional fossil fuel power plants. The Company is also deeply committed to diversity and inclusion, as evidenced by women comprising 45% of its leadership team and 38% of its board of directors. The Company processes an estimated 2 million daily transactions that reflect changes in DER market positions, prices, registrations, and asset schedules. It collects approximately 5 million data points per day with real-time, 30-second data intervals that represent one of the largest energy databases in the world. The business combination values the combined company at a $1.3 billion pro forma equity value, at a price of $10.00 per share and assuming no redemptions by Broadscale stockholders. The transaction will provide $445 million of gross proceeds to the company, assuming no redemptions, including a $100 million PIPE offering at $10.00 per share. The PIPE is led by Equinor Ventures, Belfer Management, Solanas Capital, Ev Williams. Broadscale Acquisition Corp.'s sponsor, Voltus management, and existing Voltus investors, including Activate Capital and Ajax Strategies, also participated in the PIPE. All Voltus stockholders will roll 100% of their equity holdings into the new combined company. The Boards of Directors of each of Voltus and Broadscale have unanimously approved the transaction. The transaction will require the approval of the stockholders of both Voltus and Broadscale, and is subject to other customary closing conditions, including the receipt of certain regulatory approvals. The transaction is currently expected to close in the first half of 2022. Dan Leff, Senior Operating Partner at Broadscale and Broadscale Group, will join the combined company's Board of Directors. Dan has four decades of experience as a business leader, investor, board member, and advisor in energy and industry globally, with a focus over the last decade on technology and software companies driving the energy transition.
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SURF GSK | Hot Stocks07:17 EST Surface Oncology announces FDA clearance of IND for GSK4381562 - Surface Oncology (SURF) announced that the U.S. Food and Drug Administration, FDA, has cleared the Investigational New Drug Application, IND, for GSK4381562, formerly SRF813, to proceed into a first-in-human clinical trial. GSK4381562 is a fully human IgG1 antibody targeting PVRIG, an inhibitory protein expressed on natural killer cells, NK cells, and T cells. In December 2020, Surface announced it had entered into an agreement in which GSK (GSK) exclusively licensed worldwide development and commercial rights to GSK4381562. Surface will receive a $30M milestone payment in conjunction with the initiation of the first Phase 1 study for GSK4381562 and is eligible to receive an additional $700M in future milestone payments, as well as be eligible to receive tiered royalties on global net sales. "GSK4381562 is a differentiated anti-PVRIG antibody and represents a new therapeutic approach designed to enhance NK and T cell activation in the tumor microenvironment," said Rob Ross, M.D., chief executive officer. "We are pleased to have reached this milestone with our partners at GSK and look forward to continued advancement of this promising program in the clinic."
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CTEK | Hot Stocks07:15 EST CynergisTek in cybersecurity services pact with multi-service health system - CynergisTek adds a multi-hospital full service Midwest regional health system with more than 30 locations to the CynergisTek's growing healthcare client base. In this six-figure agreement, CynergisTek will provide the health system with comprehensive cybersecurity services. Under the agreement, CynergisTek's Red Team will perform a series of tests to identify vulnerabilities and weaknesses within the health system's information technology environment and a thorough assessment of the organization's security program. The result and high-valued deliverable is a clearly defined remediation roadmap of priorities that the client can use to strategize for the upcoming year, gain budget approval, and shore up defenses to build resiliency against data breaches and cyber-attacks. In a recent article on how to improve cyber resiliency, CynergisTek's CEO and President, Mac McMillan is quoted saying, "Cybersecurity is a constant battle between good and bad. Good must work harder than bad, because bad only has to find one way to take advantage of you, and good has to find every way to stop them. But at the end of the day, you end up a lot better off down the road if you make good decisions based on continuous testing and evaluation of your program and controls." Partnering with a third-party and expert in technical testing and security risk assessments is one of the first steps in making good decisions because it helps organizations understand their strengths and weaknesses.
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DGHI BTC | Hot Stocks07:15 EST Digihost Technology produces 69.01 BTC during November - Digihost Technology is pleased to provide an unaudited Bitcoin production update for the month ended November 30, 2021. Production Highlights for November 2021: Produced 69.01 BTC during the month and received 10.67 BTC as proceeds for the sale of older generation unutilized miners, increasing total holdings to 570.95 BTC valued at approximately $32.7 million as of November 30, 2021 based on a BTC price of $57,350. Total Ethereum holdings of 1,000.89 ETH valued approximately $4.8 million as at November 30, 2021 based on an ETH price of $4,750. Total digital asset inventory value consisting of BTC and ETH of approximately $37.5 million as of November 30, 2021. Total cash and digital asset holdings were approximately $43.8 million. Tear-to-date deposits on equipment and infrastructure targeted to be installed in Q4 2021 and Q1 2022 pertaining to the Company's core business of approximately $32.8 million. During November, the Company received 2,700 new, technologically advanced, high-performance M30 Bitcoin miners for use in its mining operations. The Company's current hashrate is approximately 415PH and is expected to increase to approximately 1.2EH by the end of Q1 2022.
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SABS | Hot Stocks07:14 EST SAB Biotherapeutics announces SAB-176 met primary endpoint in Phase 2 study - SAB Biotherapeutics announced that SAB-176, its investigational therapeutic for the treatment of seasonal influenza, achieved statistically significant reductions in viral load and clinical signs and symptoms compared to placebo in a Phase 2a challenge study. In the study, SAB-176 appeared to be safe and well-tolerated. SAB-176 is a quadrivalent fully human polyclonal antibody therapeutic candidate designed for the treatment of moderate to severe Type A and B seasonal influenza viruses. "We are highly encouraged by these topline results showing that treatment with SAB-176 achieved statistical significance in reducing influenza viral load and clinical signs and symptoms in treated subjects, despite the small size of this first Phase 2 study. These data suggest that SAB-176 has the potential to be an effective treatment for this prevalent, highly-mutating virus that resurfaces annually and is a major source of hospitalizations and deaths," said Tom Luke, MD, Chief Medical Officer of SAB Biotherapeutics. "These trial results support advancing SAB-176 as a potential treatment for seasonal influenza through further clinical studies, and we look forward to sharing additional data as it becomes available."
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KXIN | Hot Stocks07:12 EST Kaixin Auto releases strategic plan for new energy vehicles - Kaixin Auto officially released its new energy vehicle strategic plan. The plan contains three key components. The company will quickly expand its new energy vehicle team and start with developing medium-sized commercial new energy vehicles for intra-city and inter-city logistics applications in the initial stage. The production and sales target for the three-year period in 2022-2025 is set at 50,000 new energy vehicles. Kaixin will accelerate the goal of becoming a leading new energy vehicle company through mergers and acquisitions. Mingjun Lin, Chairman and CEO of Kaixin, said: "The new energy vehicle strategic plan was formulated after four months of careful reviews and discussions. The Company is engaged in discussions with multiple strategic investors. Our management team is fully confident in transition into the new business model in 2022!"
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DIS | Hot Stocks07:12 EST Global Polo Entertainment signs agreement with ESPN - Global Polo Entertainment has announced a landmark deal with ESPN. USPAGL manages U.S. Polo Assn., the official brand of the United States Polo Association, the governing body for the sport of polo in the U.S. This multi-faceted agreement will bring the finals of the top seven U.S. and World Championship polo events in 2022 to ESPN. All games will be distributed on ESPN2, ESPNU or streamed live on ESPN3. Beginning in 2022, ESPN will distribute the 2022 GAUNTLET OF POLO, the number-one-rated U.S. Open Women's Polo Championship and the 2022 FIP World Polo Championship on ESPN3 and ESPN2, all for the very first time. The semi-finals and finals of the 100th Men's and Women's National Intercollegiate Championship will air for the first time on ESPNU. This agreement also includes the 30-minute, made-for-television series World of Polo, presented by U.S. Polo Assn., and which will be available on ESPN's VOD platform.
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GTHX | Hot Stocks07:10 EST G1 Therapeutics initiates Phase 2 trial of trilaciclib in early-stage TNBC - G1 Therapeutics announced that the Company has initiated a Phase 2, single arm, open-label study of trilaciclib in patients with early-stage triple negative breast cancer designed to further investigate the role of trilaciclib in modulating the anti-tumor immune response. Pathologic complete response endpoints are also being evaluated in this trial. Initial results of this study are expected in the second half of 2022. Patient recruitment in this trial is now underway. Approximately 30 patients will be enrolled in this Phase 2 multicenter, open-label, single-arm, neoadjuvant study. Up to three tumor tissue samples will be collected for assessment. Tumor tissue will be obtained at baseline prior to study drug administration. Patients will receive a single dose of monotherapy trilaciclib, followed by a tumor biopsy approximately one week later. Following the biopsy, patients will enter the treatment phase in which trilaciclib will be administered on Day 1 of each cycle of anthracycline/cyclophosphamide for four cycles followed by trilaciclib administered on Day 1 of each weekly cycle of taxane chemotherapy for 12 cycles. Immune checkpoint inhibitor and/or carboplatin may be added to therapy at the discretion of the investigator. Three to five weeks after the last dose of chemotherapy, patients will proceed to surgery at which time a third tumor tissue sample will be collected if the patient has residual disease. Study treatment will continue as per protocol to completion or early discontinuation of chemotherapy, until unacceptable toxicity, Investigator's decision to withdraw the patient from study treatment, consent withdrawal, or the end of the study, whichever occurs first. The primary objective is to evaluate the immune-based mechanism of action of trilaciclib after a single-dose as measured by the change in the ratio of CD8+ tumor-infiltrating lymphocytes to regulatory T cell in the tumor microenvironment. Key secondary and exploratory endpoints include: Assessment of pathologic complete response rate at the time of definitive surgery. Evaluation of the safety and tolerability of trilaciclib in combination with standard neoadjuvant systemic therapies. Tumor mRNA analyses and immunohistochemistry and peripheral blood immune profiling following trilaciclib. Identification of molecular and cellular biomarkers in tumor or blood samples that may be indicative of clinical response/resistance, pharmacodynamic activity, and/or the mechanism of action of trilaciclib and other systemic treatments.
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TSAT | Hot Stocks07:10 EST Telesat Holdings announces agreement with SatixFy - Telesat announced an agreement to deploy SatixFy baseband modem equipment for Telesat Lightspeed gateway earth stations throughout the world. The SatixFy advanced Sx3099 landing station modems will be capable of processing up to 1.6 GHz of bandwidth in each direction, supporting 10 wideband carriers, uplink power control and adaptive coding and modulation, and network data processing. This manufacturing agreement follows a previously announced early access program to validate and qualify the Sx3099 modem ASIC for use in the Telesat Lightspeed ground infrastructure. Each landing station antenna will be capable of transmitting approximately 12 Gbps on the forward link and receiving approximately 6 Gbps on the return link. "Packaged in a small, lightweight outdoor enclosure, SatixFy's innovative technology and equipment delivers a powerful value proposition for our gateway earth station network," stated Aneesh Dalvi, Telesat's Director of LEO Landing Stations and User Terminals. "With SatixFy's solution, we have further optimized our landing station size and capacity while reducing deployment and operating costs."
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AVEO | Hot Stocks07:10 EST Aveo Pharmaceuticals appoints Jeb Ledell as COO - AVEO Oncology announced the appointment of Jeb Ledell as chief operating officer. In this role, he will be responsible for overseeing operational functions key to maximizing the Company's organizational efficiency and advancing its pipeline of products. "We are excited to welcome Jeb to the team during an important phase of AVEO's evolution as an integrated clinical development and commercial organization," said Michael Bailey, president and chief executive officer of AVEO. "With a successful launch-to-date for FOTIVDA, AVEO continues to invest in building momentum in the market and leveraging key opportunities within our pipeline. Jeb's extensive leadership experience and proven track record across key business functions will contribute to our efforts in managing this growth and delivering value to our shareholders." "I am excited to be joining AVEO during this dynamic growth phase for the company," said Mr. Ledell. "I look forward to leveraging my expertise to deliver on the promise of its robust portfolio of clinical stage assets and achieving the full potential of the organization." Mr. Ledell joins AVEO from Enzyvant Therapeutics, a biotechnology company dedicated to developing novel, transformative regenerative therapies for people with devastating rare diseases, where he served as chief operating officer and led key business operations during the recent U.S. Food and Drug Administration approval of RETHYMIC.
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IMNM | Hot Stocks07:09 EST Immunome expects IMM-BCP-01 to neutralize omicron variant - Immunome announced that it has conducted an assessment of the reported mutations in the new SARS-CoV-2 variant, omicron. Based upon mapping of those mutations and activity against previous and current CDC variants of concern, Immunome expects its antibody cocktail, IMM-BCP-01, to neutralize the omicron variant. The company is diligently working to confirm this activity in laboratory testing and expects initial results to be available in January 2022. IMM-BCP-01 is an antibody cocktail designed to target three distinct, non-overlapping epitopes. Immunome used its discovery engine to interrogate the body's immune response to SARS-CoV-2 through isolation of human memory B cells. The technology rapidly led to isolation of rare and potent antibodies including those targeting novel and highly conserved epitopes.
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SLN | Hot Stocks07:09 EST Silence Therapeutics welcomes Deep Track Capital as shareholder - Silence Therapeutics announced that Deep Track Capital, a U.S. investment firm focused exclusively on the life sciences industry, purchased approximately $22M of American Depository Shares in Silence from existing shareholders.
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LTRY | Hot Stocks07:09 EST Lottery.com hires Greg Potts as Global VP of Affiliate Success - Lottery.com announced that Greg Potts has joined the company as Global Vice President of Affiliate Success. Potts has over 25 years of strategic marketing experience. At Lottery.com, he will be leading the execution of the Company's B2B growth strategy and will oversee the recently launched Global Affiliate Marketing Program. His responsibilities will include developing multiple recurring revenue streams for the Company by adding new master affiliates and sub-affiliates, and providing them with tools designed to accelerate the sales of Lottery.com products. Potts most recently served as a Senior Sales Executive for Vericast, where he oversaw the channel affiliate program and specialized in co-op marketing, customer activation, and integrated media campaigns.
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FAF | Hot Stocks07:08 EST First American awarded two patents for automated title production - First American announced that the United States Patent and Trademark Office has issued the company two patents for the application of artificial intelligence, or AI, and text-analysis methods to title production.
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ELMS | Hot Stocks07:07 EST Zeeba selects Electric Last Mile Solutions for order of commercial EVs - Electric Last Mile Solutions announced a firm purchase order from Zeeba Vans ("Zeeba"), a Los Angeles-based mobility company, for 50 ELMS Urban Delivery vans with the intent to purchase hundreds more in 2022. Zeeba has a fleet that consists of several thousand vans with plans to add 2,500 all-electric vans by the end of 2023. The electrification program accounts for approximately one-third of Zeeba's two-year growth plan. Zeeba has turned its focus to two areas: commercial business-to-business rentals and leasing and a San Francisco van sharing pilot program. The San Francisco program, set to launch in the first quarter of 2022, is a key vertical through which Zeeba's customers will utilize the ELMS Urban Delivery.
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CMPS | Hot Stocks07:07 EST Compass Pathways announces further results from phase IIb trial of COMP360 - COMPASS Pathway announced further results from its phase IIb clinical trial of COMP360 psilocybin therapy for treatment-resistant depression, TRD. Additional analyses of primary and secondary endpoints validated topline findings and provided more insights into safety data. Analyses of exploratory measures including anxiety, self-reported depression, positive and negative affect, and functioning, showed greater improvements for patients receiving a 25mg dose of COMP360 psilocybin compared with those receiving a 1mg dose after three weeks, both with psychological support. Further analysis is ongoing and full trial results will be submitted for publication in a peer-reviewed journal. The data will be reviewed with regulators early next year. The objective of the trial was to find the appropriate dose for a larger, pivotal phase III program, which COMPASS expects to begin in 2022. COMPASS reported topline data from this trial last month, which investigated three doses of COMP360 psilocybin in 233 patients with TRD. The results showed that a single 25mg dose of COMP360 demonstrated a highly statistically significant and clinically relevant reduction in depressive symptom severity after three weeks, with a rapid and durable treatment response. The 25mg group vs the 1mg group showed a -6.6 difference on the MADRS depression scale at week 3. In the 25mg group, 36.7% showed response at week 3 and 29.1% were in remission at week 3. Furthermore, at the end of the trial at week 12, 24.1% were sustained responders. Additional analyses of primary and secondary endpoints have supported these results. As well as looking at clinician-rated depression severity on the MADRS, the trial explored other aspects which are recognized as being important for patients with TRD. These exploratory measures also showed that patients in the 25mg dose group of COMP360 psilocybin therapy reported benefits on those measures over those in the 1mg group. On the PANAS scale measuring positive and negative affect, patients in the 25mg group had a higher increase in positive affect and a greater decrease in negative affect on the day after COMP360 administration and at the questionnaire's final administration at week 3. On scales measuring anxiety, self-rated depression and functioning, a greater improvement was also shown at week 3, by patients in the 25mg group compared with the 1mg group. As noted in the topline data reported last month, COMP360 psilocybin was generally well-tolerated. Treatment-emergent adverse events, TEAEs, of suicidal ideation, suicidal behaviour and intentional self-injury were seen in all groups, as is regularly observed in a TRD population.
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USPH | Hot Stocks07:07 EST U.S. Physical Therapy acquires 70% stake in injury prevention services - U.S. Physical Therapy announced the acquisition of a 70% ownership interest in a provider of industrial injury prevention services. The acquired company also provides and manages inpatient and outpatient physical therapy services to hospitals and their respective ancillary units. The business provides human performance solutions, combining ergonomic, injury prevention, physical rehabilitation, onsite medical and performance maximization services to its clients, many of which are Fortune 500 companies. The business generates approximately $27M in annual revenue at a margin of approximately 20%; in addition, it has approximately $1.7M in pretax earnings related to the acquired company's 49% ownership interest in a joint venture providing physical therapy services to hospitals and their respective ancillary units. USPH acquired its interest in the acquired company at a purchase price of approximately $63.2M. The founders will continue to have a 30% ownership interest and maintain their roles as executive leaders in the acquired company; they also will continue to own a separate company that provides physical therapy and rehabilitation services to hospitals and other ancillary providers in a distinct market area. As part of the transaction announced today, USPH and the founders agreed to the right to a future purchase of such company.
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GLOG | Hot Stocks07:06 EST GasLog places newbuilding order at Daewoo Shipbuilding - GasLog announces that it has ordered four newbuild 174,000 cubic meter liquefied natural gas carriers with the latest generation MEGI propulsion from Daewoo Shipbuilding and Marine Engineering Co., Ltd. for delivery in 2024 and 2025.
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EGTYF | Hot Stocks07:05 EST Eguana says AES has placed $2.1M opening order for Evolve solutions - Eguana Technologies announced that Alternative Energy Southeast has placed an opening order valued at $2.1M and will promote, sell and install Eguana's Evolve and Evolve Max throughout the US south east region. 5kW Evolves are immediately available at numerous Certified Eguana partners across North America, with the Evolve Max expected to be in market January 2022.
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VTRS BIIB | Hot Stocks07:04 EST Viatris announces appeals court upholds invalidation of Biogen Tecfidera patent - Viatris (VTRS) announced that the United States Court of Appeals for the Federal Circuit affirmed the June 2020 decision by the U.S. District Court for the Northern District of West Virginia invalidating Biogen's (BIIB) Tecfidera patent, U.S. Patent No. 8,399,514, for lack of written description. The company launched the first therapeutically equivalent substitutable generic to Tecfidera in August 2020.
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FTFT | Hot Stocks07:03 EST Future FinTech signs LOI to develop metaverse platform - Future FinTech signed a Strategic Cooperative Letter of Intent with Faya Digital Technology to establish a metaverse research and operations platform. FTFT and Faya Digital plan to establish the joint venture Future Metaverse Chengdu and will cooperate to develop a new underlying technology engine, HyperVerse Version 1.0, to run the platform. The two parties plan to initially develop 18 non-fungible token avatar products and three blockchain games. FTFT plans to leverage Faya Digital's resources such as the metaverse ecosystem project CITY - 1.07 million dapp users -, the blockchain game ecosystem project DO - 570,000 active game users -, etc., to contribute to the market development and future profitability of the HyperVerse Version 1.0 ecosystem platform.
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SLI | Hot Stocks07:03 EST Standard Lithium completes $100M direct investment from Koch Strategic Platforms - Standard Lithium announces that Koch Strategic Platforms, a subsidiary of Koch Investments Group, has completed its $100 million investment in Standard Lithium through a direct private placement. The Direct Investment is intended to support the Company's strategic development goals and will be used by the Company to pursue the following objectives: Continue to rapidly advance the first commercial project proposed for the Lanxess facility; Accelerate and expand the Company's development of the South West Arkansas Lithium Project; Continue to develop and commercialise modern lithium extraction and processing technologies and work collaboratively with Koch Engineered Solutions businesses; and, Allow for strategic project expansion. The Company, along with several Koch Industries subsidiaries, is also exploring opportunities to work collaboratively in several key areas. These potentially include working with KES which provides key process equipment, engineering, procurement, and construction services; as well as Koch Minerals & Trading which is involved in the trading of many of the materials that will be required by the Company in the future, as well as the lithium products it intends to produce. Terms of the Direct Investment: Under the terms of the Direct Investment, KSP was issued 13,480,083 common shares of Standard Lithium at a price of CDN$9.43 per Common Share for aggregate gross proceeds to Standard Lithium of CDN$127,070,000. All Common Shares issued to KSP are subject to statutory restrictions on resale until March 31, 2022 in accordance with applicable securities laws. In connection with the Direct Investment, Standard Lithium has granted KSP the right of first offer to participate in future equity financings for a period of sixty months. MaxEn Capital Advisors, Ltd., Howard L. Margulis, PLLC and related parties provided advisory services to the Company in connection with the Direct Investment, and as consideration for such services received a one-time fee of $5,000,000 and 336,877 common share purchase warrants. Each Warrant is exercisable at a price of CDN$11.09 until November 30, 2023.
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BTAI | Hot Stocks07:02 EST BioXcel Therapeutics announces FDA extends review period of NDA for BXCL501 - BioXcel Therapeutics announced that the U.S. Food and Drug Administration. FDA, has extended the Prescription Drug User Fee Act, PDUFA, date for its review of the New Drug Application, NDA, of BXCL501 for the acute treatment of agitation associated with schizophrenia and bipolar disorders I and II. In connection with the FDA's ongoing review, BioXcel Therapeutics responded to the agency's information request pertaining to analyses of clinical data, and was recently informed the application would require additional time for review. As a result, the FDA extended the previously disclosed PDUFA date of January 5, 2022 to April 5, 2022. BioXcel Therapeutics and the FDA met on November 30. No additional data has been requested. "Following our meeting with the FDA, we remain committed to working closely with the agency to facilitate a review of our NDA for BXCL501 and excited about making this potential therapy available to patients and caregivers as soon as possible," said Vimal Mehta, Ph.D., CEO of BioXcel Therapeutics. "As we prepare for anticipated FDA approval, we are confident in BXCL501's broad potential to treat the millions of patients suffering from agitation associated with schizophrenia and bipolar disorders."
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ASX | Hot Stocks07:01 EST ASE Technology to sell shares, equity interest in GAPT Holding for $1.46B - ASE Technology announced that ASE and Beijing Wise Road Asset Management have entered into a sale and purchase agreement by which ASE will sell shares and equity interests in GAPT Holding to Wise Road Capital or its designated affiliate in exchange for a cash consideration in an aggregate amount of $1.46B. According to the sale and purchase agreement, ASE shall transfer the subject shares and equity interests in each target company to Wise Road Capital or its designated affiliate on the completion date. Wise Road Capital shall pay to ASE equivalent cash consideration in two parts: $1.08B plus aggregated cash balance and minus aggregated outstanding debt balance of the target companies will be paid upon the completion date and $380M on the first business day six months after the completion date. ASE expects to recognize a tax effected gain of approximately $630M from the transaction. Through the completion of the transaction, ASE will improve its overall competitive edge by optimizing its strategy and resource allocation in China, while further enhancing its investment in advanced technology development and expanding its leading edge capacities within Taiwan. ASE believes it can better leverage its global presence and technology to better serve its customer base.
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SNY | Hot Stocks06:54 EST Sanofi to acquire Origimm Biotechnology to add ORI-001 to early-stage pipeline - Sanofi announced it entered into an agreement to acquire Origimm Biotechnology GmbH, an Austrian privately owned biotechnology company specializing in the discovery of virulent skin microbiome components and antigens from bacteria causing skin disease, such as acne. "With this acquisition, Sanofi continues executing its global Play to Win strategy, pursuing growth opportunities and building an industry-leading vaccines pipeline. The transaction will add ORI-001 to Sanofi's early-stage pipeline. ORI-001 is a therapeutic vaccine candidate for acne vulgaris based on recombinant proteins, which entered preliminary clinical studies in Q3 2021. In parallel, Sanofi is working to develop additional antigen versions and expects to leverage its next-generation mRNA platform in a comprehensive Ph1/2 trial to start in 2023," the company stated. The acquisition is expected to close early December 2021.
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RHHBY | Hot Stocks06:52 EST Roche completes purchase agreement with TIB Molbiol - Roche announced it has completed its share purchase agreement to acquire 100% of the outstanding shares of TIB Molbiol Group. "TIB Molbiol will continue to operate as a subsidiary within the Diagnostics division. Roche and TIB Molbiol will build on their capabilities for the rapid development of assays for emerging pathogens and potential health threats, such as infectious diseases. With over 45 CE-IVD assays and more than a 100 research-use-only assays joining the Roche family, the companies will jointly accelerate access for patients around the world to even more clinically important diagnostic tests. TIB Molbiol will further expand Roche's molecular diagnostics solutions, especially for the flexible open platforms LightCycler PCR and MagNA Pure sample preparation systems. The two companies have collaborated for more than 20 years to rapidly address critical healthcare needs including biological threats, such as SARS, anthrax, avian influenza virus H5N1, MERS, the novel influenza virus H1N1 swine, Ebola virus, Zika virus and most recently, SARS-CoV-2 virus and its variants. For example, in 2001 with anthrax and 2003 with SARS-CoV1, TIB Molbiol demonstrated their ability to develop PCR assays for the detection of new pathogens within days," Roche stated.
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NAK | Hot Stocks06:52 EST Northern Dynasty comments on EPA press release regarding Pebble Project - Northern Dynasty commented on the November 17 press release by the U.S. Environmental Protection Agency, or EPA, in which the EPA extended the deadline to either withdraw the 2014 Proposed Determination or to prepare a Recommended Determination regarding the Pebble Project in Southwest Alaska. "While it is not yet known what action, if any, the EPA will finally take, we are cautiously optimistic about their commitment to consider new information that has become available since the 2014 Proposed Determination and to make science-based decisions," said Ron Thiessen, president and CEO of Northern Dynasty. "We do not know which new information they may use in their decision, but we believe that the strong administrative record of the overwhelmingly positive Final Environmental Impact Statement of 2020 that was prepared by the U.S. Army Corps of Engineers should be an important part of it. We are also pleased that the EPA has established a timetable for their review, with the recent extension through the end of May of 2022. This action suggests their intention is to comply with the regulations and not let the Proposed Determination languish, therefore attempting to regulate by inaction. We do caution, however, that we understand that the deadline can be extended further at the EPA's option."
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JRJC | Hot Stocks06:50 EST China Finance Online appoints CEO Bin Zhang as independent director - China Finance Online announced that the company's board of directors has approved the appointment of Bin Zhang as an independent director of the company, effective as of November 29. Zhang will serve as a member of the audit, compensation, and corporate governance and nominating committees, respectively. The board has also elected current director, Frank Mitsch, as the new chairman of the audit committee, effective as of November 29.
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MRK | Hot Stocks06:50 EST Merck: FDA accepts for priority review sBLA for VAXNEUVANCE - Merck announced the U.S. FDA has accepted for Priority Review a supplemental Biologics License Application for VAXNEUVANCE for the prevention of invasive pneumococcal disease in children 6 weeks through 17 years of age. The FDA grants priority review to medicines and vaccines that, if approved, would provide a significant improvement in the safety or effectiveness of the treatment or prevention of a serious condition. The FDA set a Prescription Drug User Fee Act, or target action date, of April 1, 2022.
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THO | Hot Stocks06:48 EST Thor Industries promotes Todd Woelfer to COO, Trevor Gasper to general counsel - Thor Industries announced the promotion of Todd Woelfer to SVP and COO. Woelfer joined Thor in 2012 and has served in a number of roles during his time with the company including general counsel. As COO, Woelfer will lead a number of corporate initiatives including Thor's innovation and data strategies, marketing, corporate sustainability and responsibility. Simultaneously, the company announced the promotion of Trevor Gasper to VP, general counsel, and secretary. Gasper joined the company in 2017 after 12 years at a private firm where his practice focused on representing RV manufacturers, including Thor.
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SNY | Hot Stocks06:47 EST Sanofi confirms Vaccines mid-term view of mid-to-high single-digit sales growth - Sanofi will host a hybrid Vaccines Investor Event with key members of the Vaccines leadership team to discuss how the company will pursue growth opportunities and "build an industry-leading vaccines pipeline," the company announced. Sanofi confirms its mid-term sales guidance announced at the 2019 Capital Markets Day of mid-to-high single-digit growth for its Vaccines business. "Sustained growth will be driven by four core franchises of influenza, meningitis, PPH & Boosters, as well as the planned launch of nirsevimab, a first-in-class monoclonal antibody for all infant protection against Respiratory Syncytial Virus. These core franchises are well positioned to capture market growth, such as in the global influenza market which Sanofi expects to exceed EUR15 billion by 2030," the company stated.
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MVRS FB | Hot Stocks06:43 EST Meta cryptocurrency head David Marcus to step down - In a series of Tuesday tweets, David Marcus, a Meta executive and co-creator of the not-yet-launched Diem digital currency, said, "Personal news: after a fulfilling seven years at Meta, I've made the difficult decision to step down and leave the company at the end of this year. While there's still so much to do right on the heels of launching Novi - and I remain as passionate as ever about the need for change in our payments and financial systems - my entrepreneurial DNA has been nudging me for too many mornings in a row to continue ignoring it. The one thing I'm the proudest of during my time here is the amazing kickass team we've assembled over the last three years. This is the most resilient, passionate, determined and talented group of humans I've ever worked with. I find comfort and confidence in knowing that they will continue to execute our important mission well under @skasriel's leadership, and I can't wait to witness this from the outside. I know there's greatness ahead... I now look forward to having more free time in the months to come before I start building something new and exciting again. Onward!" Reference Link
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BNGO | Hot Stocks06:38 EST Bionano Genomics CEO buys 5K shares of common stock - In a regulatory filing, Bionano Genomics disclosed that its CEO Erik Holmlin bought 5K shares of common stock on November 29th in a total transaction size of about $20K.
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LVS... | Hot Stocks06:34 EST Macau reports November casino revenue up 0.01% to 6.75B patacas - Macau's gaming bureau reported November gross revenue from games of fortune in the region was up 0.01% year-over-year to 6.749B patacas. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Resorts (MLCO). Reference Link
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SAGE BIIB | Hot Stocks06:34 EST Sage Therapeutics and Biogen report positive data on depression disorder drug - Sage Therapeutics (SAGE) and Biogen (BIIB) announced 12-month data for the cohort of patients who received zuranolone 50 mg once nightly for 14-days as their initial dose in the ongoing Phase 3 open-label SHORELINE Study and had the opportunity to be followed for 12-months. The SHORELINE Study, part of the LANDSCAPE clinical program, was designed to naturalistically follow adult patients with major depressive disorder - MDD - and evaluate the safety and tolerability of zuranolone as well as the need for repeat dosing for up to one year. For the primary endpoint of safety and tolerability, the data analyzed to date show zuranolone was generally well-tolerated, with no new safety findings or trends identified in the long-term safety data available regardless of the number of courses of zuranolone a patient received. Zuranolone has demonstrated improvements in depressive symptoms and a well-tolerated safety profile throughout the LANDSCAPE clinical program. Secondary endpoints included the percentage of patients who received repeat dosing with zuranolone as well as response and remission as evaluated by the 17-item Hamilton Rating Scale for Depression. In the zuranolone 50 mg cohort, nearly 75% of patients responded to the initial 2-week treatment course. Of those who responded to the initial course and continued in the study, approximately 80% of those patients received at most one additional zuranolone treatment during their time in the study. Enrollment of an anticipated 300 additional patients in the 50 mg cohort is ongoing. The companies plan to present additional data from the ongoing SHORELINE Study in future scientific forums.
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DPW | Hot Stocks06:32 EST Ault Global Holdings' BitNile sees annualized run rate of 287.6 Bitcoin - Ault Global Holdings published an unaudited update on Bitcoin production and miner installation by its subsidiary, BitNile. BitNile's Bitcoin mining production is currently operating at an estimated annualized run rate of 287.6 Bitcoin or approximately $16.6M based on a market value of Bitcoin of $57,800, and current market conditions, including a mining difficulty level of 22.3T.
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TSLA AAPL | Hot Stocks06:18 EST Tesla CEO unveils $50 Cyberwhistle inspired by Cybertruck - In a Tuesday tweet, Tesla (TSLA) CEO Elon Musk said, "Blow the whistle on Tesla!", adding a link to a webpage to purchase a $50 Cyberwhistle. "Inspired by Cybertruck, the limited-edition Cyberwhistle is a premium collectible made from medical-grade stainless steel with a polished finish. The whistle includes an integrated attachment feature for added versatility," the webpage said. Following the announcement, the CEO also tweeted, "Don't waste your money on that silly Apple (AAPL) Cloth, buy our whistle instead!" The Fly notes the Cyberwhistle webpage shows the item out of stock. Reference Link
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RY | Hot Stocks06:10 EST Royal Bank of Canada raises quarterly dividend 11% to C$1.20 per share - Payable on and after February 24, 2022, to common shareholders of record at the close of business on January 26, 2022.
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PII | Hot Stocks06:09 EST Polaris partners with Qmerit for home EV charging installation - Polaris announced an agreement with Qmerit, a provider of green energy transformation with a nationwide network of certified electrical installers for EV charging, to provide a home charging installation service solution for Polaris customers in the U.S. The Ranger XP Kinetic comes standard with a combined Level 1 / Level 2 EV charge cord that allows you to charge from a 120V or 240V outlet. For customers looking for a 240V solution, Polaris selected Qmerit.
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RY | Hot Stocks06:08 EST Royal Bank of Canada to purchase up to 45M of common shares - Royal Bank of Canada announced its intention, subject to the approval of the Toronto Stock Exchange and the Office of the Superintendent of Financial Institutions, to commence a normal course issuer bid and to repurchase for cancellation up to 45M of its common shares. The Bank intends to file a notice of intention with the TSX in this regard.
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APNHY JNJ | Hot Stocks06:07 EST Aspen Pharmacare enters term sheet on manufacture, sale of COVID-19 vaccine - Aspen Pharmacare Holdings (APNHY) confirmed yesterday that one of its wholly-owned South African subsidiaries, Aspen SA Operations, has confirmed a non-binding term sheet with Janssen Pharmaceuticals and Janssen Pharmaceutica, two of the Janssen Pharmaceutical Companies of Johnson & Johnson (JNJ), that will form the basis for negotiation of a definitive agreement on the manufacture and sale of an Aspen-branded COVID-19 vaccine throughout Africa. That agreement would expand the existing technical transfer and manufacturing agreements between the parties to grant Aspen SA the rights to: manufacture finished SARS-CoV-2 COVID-19 vaccine product from COVID-19 drug substance supplied by Johnson & Johnson; and sell the finished form vaccine, to be launched and branded as Aspenovax, to public sector markets in Africa through transactions with designated multilateral organisations and with national governments of member states of the African Union. In addition, Johnson & Johnson would grant Aspen a license to the enabling intellectual property for this purpose. The term of the grant of rights and supply of COVID-19 drug substance, subject to the signing of the definitive agreement, would be until 31 December 2026. The non-binding term sheet contemplates a good faith undertaking between the parties to discuss the expansion of the agreement to include any new versions of the drug substance, such as those developed for new variants or as a different formulation for administration as a booster, and the applicable terms thereof. Reference Link
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BDSX | Hot Stocks06:03 EST Biodesix partners with Spesana for digital access to lung cancer diagnostics - Biodesix and Spesana, the developer of a novel electronic operating system to unify EMRs, have partnered to further streamline and automate the use of molecular diagnostics in clinical workflows across the U.S. utilizing Spesana's digital platform solutions for comprehensive lung cancer management. Spesana is a cloud based Digital Healthcare Platform unifying all EMRs, Lab Information Systems and Molecular Diagnostics to improve the electronic healthcare system. The platform automates referral management, tumor boards, molecular test orders, results, and clinical trial management. Spesana breaks down therapeutic silos by providing a unified health record allowing healthcare providers to ensure patients receive precision treatments and/or opportunities to enroll in clinical trials.
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LX | Hot Stocks05:26 EST LexinFintech senior management to purchase up to $10M of ADSs - LexinFintech announced that members of its senior management have informed the company that they planned to use their personal funds to purchase the company's American depository shares, or ADSs, and some purchases had been made in the past few days. Led by chairman and CEO Jay Wenjie Xiao, president Jared Yi Wu, CFO Sunny Rui Sun, chief financing cooperation officer Kris Qian Qiao, chief human resource officer Shirley Yunwen Yang and chief marketing officer Jason Ming Zhao, the members intend to continue the purchase to up to $10M worth of the ADSs within the next six months, pursuant and subject to applicable laws and the company's securities trading policy.
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NIO | Hot Stocks05:23 EST NIO Inc. delivers 10,878 vehicles in November, up 105.6% - Nio announced its November delivery results. Nio delivered 10,878 vehicles in November, representing 105.6% year-over-year growth. The deliveries consisted of 2,683 ES8s, the company's six- or seven-seater smart electric SUV, 4,713 ES6s, the company's five-seater smart electric SUV, and 3,482 EC6s, the company's five-seater smart electric coupe SUV. NIO has delivered 80,940 vehicles year-to-date in 2021 in total, representing an increase of 120.4% year-over-year. As of November 30, cumulative deliveries of the ES8, ES6 and EC6 reached 156,581 vehicles.
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AMZN | Hot Stocks05:21 EST Amazon.com announces 18 new renewable energy projects - Amazon announced 18 new utility-scale wind and solar energy projects across the U.S., Finland, Germany, Italy, Spain, and the U.K., totaling 5.6 gigawatts, or GW, of procured capacity to date in 2021. Amazon now has 274 renewable energy projects globally and is on a path to power 100% of its business operations with renewable energy by 2025-five years earlier than its original 2030 commitment. These new utility-scale wind and solar projects bring Amazon's total committed renewable electricity production capacity to more than 12 GW and 33,700 gigawatt hours when the projects become fully operational, or electricity output equivalent to powering more than 3M U.S. homes for a year. The projects will supply renewable energy for Amazon's corporate offices, fulfillment centers, and Amazon Web Services, or AWS, data centers that support millions of customers globally. The projects will also help Amazon meet its commitment to produce the clean energy equivalent of the electricity used by all consumer Echo devices. The amount of clean energy produced by these projects will avoid the equivalent of the annual emissions of nearly 3M cars in the U.S. each year, or about 13.7M metric tons. The company said, "Following today's announcement, Amazon is the largest corporate buyer of renewable energy in the world, with 274 global projects including 105 utility-scale wind and solar projects and 169 solar rooftops on facilities and stores worldwide."
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SGMS | Hot Stocks05:12 EST Scientific Games acquires ELK Studios, terms undisclosed - Scientific Games has announced the acquisition of ELK Studios, a European games developer. Dylan Slaney, CEO iGaming at Scientific Games, said, "We have had a strategic partnership with ELK Studios for a number of years and its games have performed brilliantly across the OpenGaming platform. ELK is one of the most innovative, and top-ranked studios in iGaming. Their passion and enthusiasm for producing games of stand-out quality is infectious. They will play a pivotal role in helping us continue to provide players with even more immersive and engaging experiences."
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XPEV | Hot Stocks05:09 EST Xpeng delivers 15.613 Smart EVs in November - XPeng announced its vehicle delivery results for November. XPeng reached the monthly delivery target amidst global supply chain challenges with 15,613 Smart EVs delivered in November, representing a 270% increase year-over-year. Deliveries in November consisted of 7,839 P7 smart sports sedans, representing a 187% increase year-over-year. The P5 smart family sedan, launched in September, has been building a order backlog with 2,154 units delivered in November. At the same time, the G3i smart SUV - launched in July - is gaining increasing customer traction with 5,546 units delivered in November plus 74 G3s delivered. As of November 30, year-to-date total vehicle deliveries reached 82,155, representing a 285% increase year-over-year, including 53,110 P7 deliveries. The company's cumulative deliveries reached 121,953 as of the end of November.
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TEDU | Hot Stocks05:06 EST Tarena to implement ADS ratio change - Tarena announced that it plans to change the ratio of its American depositary shares, or ADSs to its Class A ordinary shares, par value $0.001 per share, from the current ADS Ratio of one ADS to one Class A ordinary share to a new ADS Ratio of one ADS to five Class A ordinary shares. The company will file a post-effective amendment to the ADS Registration Statement on Form F-6 with the SEC to reflect the change in the ADS Ratio. The company anticipates that the change in the ADS Ratio will be effective on December 23, subject to the SEC having declared the post-effective amendment to the ADS Registration Statement on Form F-6 to be effective. For Tarena's ADS holders, the change in the ADS Ratio will have the same effect as a one-for-five reverse ADS split. Each ADS holder of record at the close of business on the date when the change in ADS ratio becomes effective will receive one new ADS in exchange for every five existing ADSs then held. Tarena's ADSs will continue to be traded on Nasdaq.
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