Stockwinners Market Radar for December 02, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
SQ | Hot Stocks21:07 EST Cathie Wood's ARK Investment bought 281.4K shares of Square on Thursday
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ZM | Hot Stocks21:06 EST Cathie Wood's ARK Investment bought 164K shares of Zoom Video on Thursday
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RBLX | Hot Stocks21:05 EST Cathie Wood's ARK Investment bought 370.4K shares of Roblox on Thursday
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TOST | Hot Stocks21:04 EST Cathie Wood's ARK Investment bought 189K shares of Toast on Thursday
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TPC | Hot Stocks20:24 EST Tutor Perini announces two projects collectively valued at $218.8M - Tutor Perini has been awarded a firm fixed-price contract valued at $161.8M by the Naval Facilities Engineering Systems Command, Pacific Division for site development and construction of an aircraft parking apron and taxiway at the Tinian International Airport, Tinian, Commonwealth of the Northern Mariana Islands. Initial mobilization to the island will begin in April 2022, with work to commence in June and be completed by October 2025. The project will be included in the Company's fourth-quarter 2021 backlog. In addition, the Black Construction-Tutor Perini JV has been awarded a firm fixed-price contract valued at $57.0M by NAVFAC Pacific for the J-015 Enlisted Dining Facility project at Camp Blaz Marine Corps Base Guam. The project will be included in the Company's fourth-quarter 2021 backlog.
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DIDI | Hot Stocks20:07 EST Didi says board authorized procedures to delist from NYSE - DiDi Global "announced that its board of directors has authorized and supports the Company to undertake the necessary procedures and file the relevant application for the delisting of the Company's ADSs from the New York Stock Exchange, while ensuring that ADSs will be convertible into freely tradable shares of the Company on another internationally recognized stock exchange at the election of ADS holders. The Company will organize a shareholders meeting to vote on the above matter at an appropriate time in the future, following necessary procedures. The Board has also authorized the Company to pursue a listing of its class A ordinary shares on the Main Board of the Hong Kong Stock Exchange."
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HI | Hot Stocks19:30 EST Hillenbrand raises quarterly dividend to 21.75c from 21.50c per share - The dividend is payable December 30, 2021, to shareholders of record at the close of business on December 17, 2021.
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WAL | Hot Stocks19:21 EST Western Alliance to partner with Tassat on blockchain-based payments - Western Alliance Bank, the primary subsidiary of Western Alliance Bancorporation and Tassat Group Inc. announced the bank will implement a fully integrated digital banking platform for its customers, which will include a digital token powered by the TassatPay Network and a private Ethereum blockchain.
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LGVN | Hot Stocks19:20 EST Longeveron's Allogeneic MSCs granted FDA orphan designation - Longeveron's Allogeneic bone marrow-derived mesenchymal stromal cells, or MSCs, are granted FDA orphan designation as a treatment of Hypoplastic Left Heart Syndrome, according to a post to the agency's website. Reference Link
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SIG | Hot Stocks18:47 EST Signet Jewelers CEO: We had a great Black Friday, Cyber Monday - In an interview on CNBC's Mad Money, Virginia Drosos said Signet is ready for the holidays - stocked and staffed. The company's balance sheet is very strong, inventory turn is up 50%, and there is liquidity to invest and grow, she noted. Signet is down 60% in attrition for new employees, bucking the recent turnover trends in retail, she added.
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NUE | Hot Stocks18:34 EST Nucor raises quarterly dividend 23%, announces new $4B share repurchase program - The Board of Directors of Nucor announced the increase of its regular quarterly cash dividend on Nucor's common stock to 50c per share. This cash dividend is payable on February 11, 2022 to stockholders of record on December 31, 2021 and is Nucor's 195th consecutive quarterly cash dividend. In a separate action, Nucor's Board of Directors approved the repurchase of up to $4B of the company's outstanding common stock. This new authorization replaces the previously authorized $3B repurchase program, which was terminated by the Board of Directors in connection with the approval of the new authorization, under which approximately $2.33B of the company's common stock had been repurchased from its authorization in May through December 1. The new share repurchase authorization is discretionary and has no expiration date.
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RDW | Hot Stocks18:32 EST Redwire receives NYSE notice of non-compliance regarding 10-Q filing - Redwire announced that it received a notice from the New York Stock Exchange indicating that the company is not in compliance with Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021 with the SEC. The notice has no effect on the listing or trading of the company's securities on the NYSE. As the company reported in its Form 12b-25 filed with the SEC on November 15, the Audit Committee of the company's Board of Directors is overseeing an investigation of potential accounting issues at a business subunit and, to date, the company has not identified any material misstatements or restatements of its previously filed financial statements. The company continues to work diligently to conclude the review and will file the Form 10-Q as soon as practicable.
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UTRS | Hot Stocks17:49 EST Minerva Surgical jumps over 10% to $6.40 after Q3 results
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HRC BAX | Hot Stocks17:49 EST Hillrom shareholders approve acquisition by Baxter - Hillrom (HRC) announced that its shareholders have voted to approve the previously announced pending acquisition by Baxter International Inc. (BAX) at a special meeting. Hillrom shareholders voted overwhelmingly in favor of the transaction. Under the terms of the merger agreement, Hillrom shareholders will receive $156.00 per share in cash for every share of Hillrom stock they own immediately prior to the effective time of the merger. Based on a preliminary tabulation of the shareholder vote, approximately 99% of all votes cast, which represents approximately 70% of all outstanding shares on October 18, 2021, the record date for the special meeting, were voted in favor of the merger. The transaction is subject to customary closing conditions, including the receipt of required regulatory approvals. The transaction is expected to close in 2021 or early 2022.
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SWBI | Hot Stocks17:47 EST Smith & Wesson Brands drops 14% to $19.60 after Q2 results miss estimates
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MRVL | Hot Stocks17:25 EST Marvell sees FY22 base business revenue $4.4B - Says will continue to drive supply improvements. Says expects demand to remain above the high-end of long-term target model. Says anticipates a sustained period strong revenue growth for the company. Says from a base of approximately $4.4B in FY22, expects to combine Marvell and Inphi business to continue growing in FY23 at 30% year-on-year. Says expects an additional $150M of revenue in FY23, resulting from the Innovium acquisition. Comments and guidance taken from Q3 earnings conference call.
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PETQ | Hot Stocks17:18 EST PetIQ CEO buys $1.0M in common stock - In a regulatory filing, PetIQ disclosed that its CEO McCord Christensen bought 50K shares of common stock on December 1st in a total transaction size of $1.0M, boosting his stake by over 700%. PetIQ shares are up 1.6% after-hours at $21.59.
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SMAR | Hot Stocks17:03 EST Smartsheet jumps 16% to $71.00 after Q3 earnings beat, FY22 guidance raise
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DRQ | Hot Stocks17:01 EST Dril-Quip appoints Kyle McClure as CFO - Dril-Quip announced that its board of directors has appointed Kyle McClure as its VP and CFO effective January 1, 2022. McClure has most recently served as CFO of Airswift, a global workforce solutions company, from June 2019 until December 2021.
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OLLI | Hot Stocks16:59 EST Ollie's Bargain Outlet drops 19% to $51.05 after Q3 results miss estimates
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SBGI | Hot Stocks16:58 EST Sinclair Broadcast announces multi-year renewal of digital rights pact with NHL - Sinclair Broadcast Group announced that its wholly-owned subsidiary, Diamond Sports Group, has entered into a multi-year renewal of its digital and outer market distribution rights agreement with the National Hockey League. Under the agreement, DSG's Bally Sports Regional Networks are permitted to offer streaming content, including live games, on an authenticated and direct-to-consumer basis, to the local territories of 12 NHL teams. The agreement was expanded to allow post-game highlights on Sinclair's digital news platforms, alternative feeds, and use of the NHL's proprietary Puck and Player Tracking data in the broadcasts of the games.
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CNP... | Hot Stocks16:55 EST CenterPoint plans to reduce midstream exposure after completion of merger - CenterPoint Energy (CNP) announced it is taking steps to reduce the company's midstream exposure following the completion of Enable Midstream Partners' (ENBL) merger with Energy Transfer (ET). CenterPoint's 53.7% of Enable common units converted into 201 million ET common units. The settlement of CenterPoint's previously announced contingent forward sale for 50 million ET common units, representing approximately 25% of CenterPoint's ownership in ET common units, was triggered upon the completion of the merger between Enable and ET. CenterPoint also received $5M in cash in exchange for its Enable general partner interest and ET Series G Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred units with a liquidation preference of approximately $385M in exchange for the $363M liquidation preference of Enable Series A Fixed-to-Floating Non-Cumulative Redeemable Perpetual Preferred units owned by CenterPoint. With the completion of this transaction, CenterPoint and OGE Energy Corp. have terminated various agreements related to Enable.
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ACVA | Hot Stocks16:55 EST ACV Auctions director sells $2.15M in common stock - In a regulatory filing, ACV Auctions disclosed that its director Robert Goodman sold 102K shares of common stock in a total transaction size of $2.15M on November 30th, reducing his stake by about 19%.
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RIOT... | Hot Stocks16:51 EST Riot Blockchain reports 466 BTC produced in November - Riot Blockchain announces monthly BTC production and operations updates for November, including a further increase in estimated self-mining hash rate capacity for 2022, updates to the status of miner shipments and deployment, and updates on the 400 megawatts, or MW, infrastructure expansion at the Company's Whinstone US facility in Rockdale, Texas. In NovemberRiot produced 466 BTC, an increase of approximately 298% over its November 2020 production of 117 BTC. Year to date through November the Company produced 3,387 BTC, an increase of approximately 262% over its BTC production during the same 2020 period of 935 BTC. As of November 30, 2021, Riot held approximately 4,464 BTC, all produced by the Company's self-mining operations. Riot recently executed a $33M purchase order with Bitmain Technologies for 3,000 of their latest miner model S19XP with an anticipated delivery and deployment schedule set for July 2022 through December 2022. As a result of this purchase order, the Company anticipates having approximately 93,150 Antminers in operation, utilizing approximately 293 MW of energy, by Q4 2022. Also, as a result of this purchase order, Riot has increased its 2022 estimated hash rate capacity to 9.0 EH/s, representing an increase of approximately 0.4 EH/s over the Company's previously announced estimate of 8.6 EH/s. The increase in the estimated hash rate to 9.0 EH/s does not include any potential incremental production benefits from Riot's previously announced build-out of 200 MW of immersion-cooled infrastructure at the Whinstone Facility. By Q4 2022, Riot anticipates a total self-mining hash rate capacity of 9.0 EH/s, assuming full deployment of approximately 93,150 Antminer ASICs but excluding any potential expected incremental productivity gains from the Company's utilization of 200 MW of immersion-cooling infrastructure.
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EMN | Hot Stocks16:50 EST Eastman Chemical announces 10% dividend increase - The board of Eastman Chemical Company has declared a quarterly cash dividend of 76c per share on the company's common stock, a 10% increase from 69c per share. The dividend is payable January 7, 2022, to stockholders of record as of December 15, 2021.
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SPWH | Hot Stocks16:44 EST Sportsman's Warehouse, Great Outdoors cancel merger after FTC feedback - Sportsman's Warehouse and Great Outdoors Group agreed to terminate their merger agreement effective immediately, Sportsman's disclosed in a regulatory filing. The decision to terminate the merger follows feedback from the Federal Trade Commission "that led the parties to believe that they would not have obtained FTC clearance to consummate the Merger." Under the termination agreement, Great Outdoors Group agreed to pay Sportsman's Warehouse the parent termination fee of $55M by wire transfer of immediately available funds concurrently with the execution of the termination agreement. Shares of Sportsman's Warehouse are down 8%, or $1.34, to $15.60 following the news.
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MRVL | Hot Stocks16:38 EST Marvell jumps 10% to $78.27 after Q3 results, Q4 guidance beat estimates
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RJF | Hot Stocks16:37 EST Raymond James boosts dividend 31%, authorizes $1B share repurchase - On December 2 the Raymond James Financial Board of Directors declared a quarterly cash dividend on shares of its common stock of 34c per share, payable January 18c to shareholders of record on January 4c This is a 31% increase over the previous dividend of 26c per share paid on October 15 . The Board also authorized repurchase of the company's shares of common stock in an aggregate amount of up to $1B. The $1B authorization replaces the previous repurchase authorization of $750M announced on December 3, 2020, under which approximately $632 million was remaining as of December 2, 2021. The repurchases may be made from time to time at prices that the company deems appropriate and subject to market conditions, applicable law, regulatory constraints in connection with previously announced acquisitions and other factors. Such repurchases may be made in the open market, in privately negotiated transactions, or otherwise. The Board's authorization does not have a fixed expiration date. The repurchase authorization does not obligate the company to repurchase any dollar amount or number of securities and may be suspended or discontinued at any time.
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WERN | Hot Stocks16:36 EST Werner to integrate with Decisiv platform to expand repair network - Werner Enterprises "has announced a new data integration with the Decisiv Service Relationship Management platform into its Werner EDGE Application Programming Interface powered applications. Werner is the first carrier to implement this integration, which aims to expand Werner's repair network to more than 13,000 repair shops in the company's vendor network. Werner currently has integrated with over 33 percent of its comprehensive vendor network for improved efficiencies as part of an ongoing innovation strategy. Through this integration, Werner now has immediate access to 5,000 repair shops through the Decisiv network."
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SPWH | Hot Stocks16:36 EST Sportsman's Warehouse, Great Outdoors Group terminate merger agreement - In a regulatory filing, Sportsman's Warehouse Holdings and Great Outdoors Group disclosed that they have filed a termination agreement regarding their previously announced merger.
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DOCU | Hot Stocks16:32 EST DocuSign drops 23% to $179.60 after Q4 revenue guidance misses estimates
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IGT | Hot Stocks16:32 EST International Game recertified by World Lottery Association - International Game announced that its lottery operations, including iLottery, have been recertified by the World Lottery Association, or WLA, for WLA's Corporate Social Responsibility Standards and Responsible Gaming Framework for Suppliers. WLA created the responsible gaming standards to minimize the impact of problem gambling by promoting a worldwide accreditation program for gaming industry operators and suppliers.
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OC | Hot Stocks16:32 EST Owens Corning raises quarterly dividend 35% to 35c per share - Owens Corning announced that its Board of Directors has declared a quarterly cash dividend of 35c per common share, a 35% increase compared with the prior quarterly dividend. The dividend will be payable on January 21, 2022, to shareholders of record as of January 7, 2022. "Owens Corning has delivered outstanding results and continued strong cash flow generation," said Chair and Chief Executive Officer Brian Chambers. "The dividend increase demonstrates our confidence in the earnings power of the company, as well as our commitment to returning cash to shareholders over time."
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CSTR | Hot Stocks16:31 EST CapStar Financial board elects James Turner as next non-executive chairman - CapStar Financial announced its board elected James S. Turner, Jr. to succeed Dennis C. Bottorff as non-executive Chairman, following the April 2022 Annual Meeting of Shareholders. Mr. Bottorff, who has served as non-executive Chairman since the company's founding, informed the board he will not stand for re-election.
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CNA | Hot Stocks16:31 EST CNA Financial names Scott Lindquist CFO - CNA announced the appointment of Scott Lindquist as Executive Vice President and Chief Financial Officer. Scott will join CNA on January 10, 2022 and will assume the duties of Chief Financial Officer following the filing of the company's 2021 annual report on Form 10-K. Scott will succeed Larry Haefner, who has served as Interim Chief Financial Officer since September 2021. He will report to Dino E. Robusto, Chairman and Chief Executive Officer at CNA. Scott and Larry will work together through the first quarter of 2022 to ensure a seamless transition. "Scott brings three decades of finance and leadership experience to this role," Robusto said. "In addition, he has a proven track record as a Chief Financial Officer of driving strategy, execution and disciplined governance with his deep knowledge of the P&C industry." Scott most recently served as the Chief Financial Officer at Farmers Group.
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KSU | Hot Stocks16:31 EST Kansas City Southern ships record amount of grain in November - Kansas City Southern announces that it achieved record daily average grain carloads in Nov., 2021, exceeding the previous record for daily average grain carloads set in Oct., 2021. KCS achieved this record by delivering all-time low cross-border grain shuttle train cycle times. "These grain milestones are the result of continuous improvement initiatives and an intense focus on our service," stated John Orr, KCS executive vice president operations. "They are the result of months of challenging our historic processes and engaging at a deeper level to improve our customer value proposition."
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ECL | Hot Stocks16:30 EST Ecolab raises quarterly dividend 6% to 51c per share - To be paid January 18, 2022, to shareholders of record at the close of business on December 14, 2021.
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FIZZ | Hot Stocks16:21 EST National Beverage announces $3.00 per share special dividend - The dividend is payable to shareholders of record on December 13, 2021. National Beverage will trade ex-dividend on December 10, 2021 and the payment date for this distribution will be on or before February 11, 2022.
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ULTA | Hot Stocks16:19 EST Ulta Beauty up 6% after beat and raise report - Ulta shares are up $24.53, or 6%, to $408.17 in after-hours trading.
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AXS | Hot Stocks16:18 EST Axis Capital authorizes $100M share buyback, raises quarterly dividend 2.4% - AXIS Capital Holdings Limited announced the company's Board of Directors has authorized the repurchase of up to $100M of the company's common shares, which may be effected from time to time in open market or privately negotiated transactions through December 31, 2022. The company intends to repurchase common shares opportunistically, with the timing and amount of the repurchases depending on a variety of factors, including market conditions and corporate and regulatory considerations. The company's Board of Directors also has declared a quarterly dividend of 43c per common share, which represents an increase of 2.4%. This is the 18th consecutive year that the Company has increased its common stock dividend. The dividend is payable on January 18, 2022 to shareholders of record at the close of business on December 30, 2021.
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SWBI | Hot Stocks16:18 EST Smith & Wesson Brands reports Q2 gross margin 44.3% vs. 40.6% last year - Deana McPherson, Executive Vice President and CFO, commented, "Our second quarter results continue to demonstrate our ability to react to the changing needs of the market. We delivered a 370 basis point increase in gross margin that more than offset a 7.3% decrease in revenue compared with the prior year second quarter. Although below the prior year, the current quarter's revenue represents a two-year compounded growth rate of over 140% and is one of the many examples of how our flexible manufacturing model allows our business to return impressive financial performance in both increasing and decreasing demand environments. Inventory in the channel has finally been restored in many of our product categories and we continue to replenish our internal inventories. We believe that our strong balance sheet, impressive product array, and commitment to be the market leader will enable us to continue to invest in our business and capture market share, as we fulfill our commitment to return capital to our stockholders. Our Board of Directors has again authorized our $0.08 per share quarterly dividend, which will be paid to stockholders of record on December 16th with payment to be made on January 4th."
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PTGX JNJ | Hot Stocks16:16 EST Protagonist Therapeutics announces selection of PN-235 into Phase 2 development - Protagonist Therapeutics (PTGX) announced the selection of PN-235 as the final candidate for all clinical studies in multiple indications based on intervention of the Interleukin-23 pathway, under the company's collaboration with Janssen Biotech, Inc. (JNJ). In addition to the previously announced Phase 2 clinical study of PN-235 in psoriasis, new Phase 2 clinical studies of PN-235 in inflammatory bowel diseases are expected to commence in late 2022. Further development of PN-232 will be discontinued in favor of PN-235 based on its superior potency, and overall pharmacokinetic and pharmacodynamic profile. Protagonist will earn a $25M milestone in connection with the initiation of the first Phase 2 study of PN-235 in psoriasis in early 2022. Protagonist is also eligible for a $10M milestone in connection with the start of the second indication-based Phase 2 study. Protagonist is eligible for up to approximately $900M in development-related milestone payments, in addition to the $87.5M in milestones already earned. Under the terms of the collaboration, Janssen will conduct all future clinical studies, including these anticipated Phase 2 studies, and will be solely financially responsible for any such studies.
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Z | Hot Stocks16:15 EST Zillow approves $750M share repurchase program - Zillow Group authorized the repurchase of up to $750M of its Class A common stock, Class C capital stock or a combination of both. The share repurchase program, which has been approved by Zillow Group's Board of Directors, allows for repurchases of up to $750M of the Company's Class A common stock, Class C capital stock or a combination of both. The timing and actual number of shares repurchased will be determined by management depending on a variety of factors, including stock price, trading volume, market conditions and other general business considerations.
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LYEL | Hot Stocks16:14 EST Lyell Immunopharma announces return of Dr. Rick Klausner as board chair - Lyell Immunopharma announced that Dr. Rick Klausner is resuming his role as Chair of Lyell's Board of Directors following the end of a temporary medical leave which was disclosed by the Company on September 30. "First and foremost, we are thankful that Rick is in great health, and we are excited to have him resume his active engagement with Lyell," said Liz Homans, Chief Executive Officer of Lyell. "In addition to his role as Chair of Lyell's Board of Directors, we will also continue to benefit from Rick's scientific guidance through his continued engagement with our scientists and leadership team." "Lyell and our mission of developing curative cell therapies for solid tumors represents the culmination of a long personal journey that inspires and motivates me, and I'm delighted to resume my role as Chair of the Board as the Company is advancing multiple programs into clinical trials," said Rick Klausner, MD, Chair of Lyell's Board of Directors. "On behalf of the entire Board I want to thank Cathy Friedman for her leadership of the Board during the past two months."
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FRT | Hot Stocks16:13 EST Federal Realty announces holding company reorganization - Federal Realty Investment Trust announced that it intends to complete a holding company reorganization that would structure the company as an Umbrella Partnership Real Estate Investment Trust, or UPREIT. In the Reorganization, a new holding company would become the publicly traded parent company while the current real estate investment trust would convert to a limited partnership controlled by the holding company. The holding company reorganization is expected to be effective as of January 1, 2022, and the conversion of the existing Federal Realty to a limited partnership is expected to be effective on January 4, 2022. When the Reorganization is complete, the holding company will be a real estate investment trust named Federal Realty Investment Trust, just as the company is today, and its common shares and Series C depositary shares are expected to continue to trade on the NYSE under the symbols FRT and FRT/C, respectively.
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PSX | Hot Stocks16:12 EST Phillips 66, British Airways announces 'sustainable aviation fuel supply deal' - The company states: "British Airways will become the first airline in the world to use sustainable aviation fuel produced in the UK after signing a multi-year agreement with Phillips 66 Limited. The SAF, or sustainable aviation fuel, will be produced at scale for the first time in the UK at the Phillips 66 Humber Refinery near Immingham and will be supplied to British Airways to power a number of its flights from early 2022. The supply agreement between British Airways and Phillips 66 Limited, a wholly owned subsidiary of diversified energy manufacturing and logistics company Phillips 66, advances both companies' commitments to a lower-carbon future. The airline, which is driving to achieve net zero carbon emissions by 2050, will purchase enough sustainable fuel to reduce lifecycle CO2 emissions by almost 100,000 tonnes, the equivalent of powering 700 net zero CO2 emissions flights between London and New York on its fuel-efficient Boeing 787 aircraft. The SAF will be produced from sustainable waste feedstock at the Humber Refinery, which will deliver its SAF supply to British Airways via existing pipeline infrastructure that feeds directly into UK airports."
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CTO | Hot Stocks16:12 EST CTO Realty Growth acquires Beaver Creek Crossing in North Carolina for $70.5M - CTO Realty Growth announced the acquisition of Beaver Creek Crossings, a 320,600 square foot multi-tenant retail property in the Apex submarket of Raleigh, North Carolina for $70.5M. The purchase price represents a going-in cap rate within the range of the company's guidance for initial cash yields. The company purchased the property through a 1031 like-kind exchange using $66.7M of restricted cash generated from the company's previously completed property dispositions, available cash, and draws from the company's unsecured revolving credit facility.
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OLLI | Hot Stocks16:12 EST Ollie's Bargain Outlet announces additional $200M to repurchase - During the third quarter of fiscal 2021, the Company invested $164.7M of cash to repurchase 2,249,329 shares of its common stock, resulting in approximately $200M invested year-to-date and $33,000 of remaining capacity under its current share repurchase program which expires on January 13, 2023. On November 30 the Company's Board of Directors authorized an additional $200M to repurchase stock pursuant to the Company's share buyback program, expiring on December 15, 2023, subject to extension or earlier termination by the Board of Directors at any time.
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WTM | Hot Stocks16:11 EST White Mountains names Liam Caffrey as CFO, effective March 1, 2022 - White Mountains announced that Liam Caffrey will become its CFO on March 1, 2022. Caffrey currently serves as a consultant to a subsidiary of the company. Previously, Caffrey spent nine years at Aon plc, most recently as CEO of Aon Affinity and global CFO of Aon Risk Solutions. Before Aon, Caffrey was a partner with McKinsey & Company. Reid Campbell, White Mountains's current CFO, will become President of White Mountains on March 1, 2022 and will serve in that role until his retirement in February 2024. In his role as President, Campbell will maintain all his current executive duties other than his responsibilities as CFO. In addition, Campbell will continue to serve as a director of Build America Mutual Assurance Company and Ark Insurance Holdings Limited.
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TLYS | Hot Stocks16:10 EST Tilly's reports Q3 SSS up 27.4% vs. pre-pandemic level of Q3 of 2019
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TLYS | Hot Stocks16:09 EST Tilly's plans to open 15-20 new stores in 2022 - The company states: "During FY22, we currently plan to open approximately 15 to 20 new stores within existing markets, primarily in California, Texas and the Northeast, assuming we are able to negotiate what we believe to be acceptable lease economics. We expect our total capital expenditures for fiscal 2022 to be in the range of approximately $25 million to $30 million, inclusive of our new store plans, investments in website and mobile app upgrades, distribution efficiencies, and other information technology infrastructure investments."
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ZUMZ | Hot Stocks16:09 EST Zumiez reports Q4 QTD sales up 11.5% - The company said, "Total fourth quarter-to-date total sales for the 31 days ending November 30, 2021 increased 11.5%, compared with the same 31-day time period in the prior year ended December 1, 2020. Compared to the 31-day period ended December 3, 2019, total net sales increased 8.6%. Total comparable sales for the 31-day period ending November 30, 2021 were up 8.4% from the comparable period in the prior year, and increased 6.5% from the comparable period in 2019. During the 31 days ending November 30, 2021 we have again experienced closures in Europe as a result of the pandemic. We continue to monitor this situation closely as sustained closures may have an impact on our forth quarter results. Fourth quarter-to-date as of November 30, 2021, the Company has repurchased an additional 0.4 million shares of stock at an average price of $47.91 and a total cost of $17.5 million. This brings 2021 fiscal year-to-date share repurchases to 2.8 million shares at an average cost of $42.16 per share for a total cost of $120.0 million."
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TLYS | Hot Stocks16:09 EST Tilly's says Q4 total comparable net sales increased 19.6% through November - The company states: "Last year's fourth quarter was the first full period since the pandemic began in which the Company was fully operational. Total comparable net sales through November 30, 2021, increased by 19.6% compared to last year, with comparable net sales increases from physical stores of 27.6% and from e-commerce of 3.9%."
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MRVL | Hot Stocks16:08 EST Marvell reports Q3 adjusted gross margin 65.1%
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LYFT | Hot Stocks16:05 EST Lyft names Elaine Paul as new CFO - Lyft announced that Elaine Paul has been named chief financial officer, effective January 3, 2022. Paul replaces Brian Roberts, who is stepping down but will remain an advisor until June 2022 to assist with the transition. Prior to joining Amazon, Paul was CFO of Hulu for six years.
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GOEV | Hot Stocks16:00 EST Canoo doesn't expect to reach contract manufacturing pact with VDL Nedcar - In a regulatory filing, Canoo noted that on November 30, the company and VDL Nedcar B.V. agreed to extend the expiration date of the binding term sheet for vehicle contract manufacturing, dated as of June 16, 2021, from November 30, 2021 to December 15, 2021. "Due to developments at VDL Nedcar, the company does not currently expect to reach a definitive framework agreement/contract manufacturing agreement with VDL Nedcar. In the event of a termination, the company will instead seek to end the parties' contractual relationship with receipt of a cash settlement or another mutually agreed upon arrangement," Canoo stated.
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LMT | Hot Stocks15:22 EST Lockheed, Nanoracks team awarded $160M contract by NASA for Starlab design - Nanoracks, in collaboration with Voyager Space and Lockheed Martin, has been awarded a $160M contract by NASA to design its Starlab commercial space station as part of the agency's Commercial Low-Earth Orbit Development program. Starlab will enable NASA's initiative to stimulate the commercial space economy and provide science and crew capabilities prior to the retirement of the International Space Station, the companies said. The initial $160M award to Nanoracks is made via a funded Space Act Agreement through 2025. This initial NASA-provided funding will be supplemented with customer pre-buy opportunities and public-private partnerships. Fully owned by Nanoracks, Starlab is planned to reach initial operating capability in 2027, which ensures continuous human presence in LEO by U.S. entities. NASA will have the opportunity to purchase crew and payload services on Starlab through separate services contracts with Nanoracks, the companies stated. "Starlab is the confluence of Lockheed Martin's rich space expertise and history, Nanoracks' innovation, and Voyager's financial savvy. This team is equipped to aid NASA on its mission to expand access to LEO and to enable a transformative commercial space economy," said Lisa Callahan, Vice President and General Manager, Commercial Civil Space at Lockheed Martin.
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NVDA | Hot Stocks15:22 EST FTC sues to block Nvidia's proposed $40B takeover of Arm - The Federal Trade Commission has sued to block U.S. chip supplier Nvidia Corp.'s (NVDA) $40B acquisition of U.K. chip design provider Arm, which is owned by SoftBank (SFTBY). Semiconductor chips power the computers and technologies that are essential to our modern economy and society. The proposed vertical deal would give one of the largest chip companies control over the computing technology and designs that rival firms rely on to develop their own competing chips. The FTC's complaint alleges that the combined firm would have the means and incentive to stifle innovative next-generation technologies, including those used to run datacenters and driver-assistance systems in cars. "The FTC is suing to block the largest semiconductor chip merger in history to prevent a chip conglomerate from stifling the innovation pipeline for next-generation technologies," said FTC Bureau of Competition Director Holly Vedova. "Tomorrow's technologies depend on preserving today's competitive, cutting-edge chip markets. This proposed deal would distort Arm's incentives in chip markets and allow the combined firm to unfairly undermine Nvidia's rivals. The FTC's lawsuit should send a strong signal that we will act aggressively to protect our critical infrastructure markets from illegal vertical mergers that have far-reaching and damaging effects on future innovations." Reference Link
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SOL | Hot Stocks15:12 EST Grizzly Research calls ReneSola 'fraudulent,' says most projects non-existent - In a recently publish report titled "We believe ReneSola is a Fraudulent Company; Most Projects Never Existed," Grizzly Research says that, "Our on the ground due diligence, filings review, and communications with local municipalities in Europe indicate that SOL has been vastly misrepresenting its project development pipeline. Most of SOL's projects are in Europe, but our research indicates that most of these projects seemingly do not exist. We were able to confirm this in several cases with the local government authorities, which leads us to believe that SOL might have fabricated projects to give the appearance of a better development pipeline and future economics. Worse yet, SOL continuously categorizes projects as 'late-stage,' and close to finalization, that our research shows to be either non-existent or delayed for years. Even the projects that we could identify were for the most part delayed by years and way behind company projections. We see similar issues with potentially fabricated and delayed projects in SOL's US business. [...] In summary, we believe SOL is a fraudulent company that drastically over-represents its project pipeline to access the US capital markets. SOL is led by what we believe to be a fraudulent team whose legal difficulties will ultimately also cause problems for SOL public shareholders. We see over 40% downside from current prices." In Thursday afternoon trading, shares of ReneSola have dropped over 10% to $5.89. Reference Link
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SOL | Hot Stocks15:02 EST ReneSola says Grizzly Reports short report 'inaccurate,' 'misleading' - ReneSola responded in a press release to a report issued by Grizzly Reports with respect to ReneSola Power and its operations. "ReneSola Power believes that the report contains inaccurate conclusions, misstatements of historical facts, errors, and superfluous opinions. ReneSola Power takes seriously any accusations of impropriety and intends to address the key issues raised by the report. The company is studying the report and will address the key inaccuracies with detailed explanations on its upcoming earnings conference call, scheduled for December 7 at 4:30 PM Eastern Standard Time," the company stated.
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FST | Hot Stocks14:14 EST Fast Acquisition lower as Fertitta tries to exit deal - Shares of Fast Acquisition Corp. are down nearly 5% after the special purpose acquisition company disclosed earlier that casino mogul and restaurateur Tilman Fertitta is trying to pull out of a deal to take his restaurant and casino empire public via a previously announced deal with the merger partner. Fertitta Entertainment, the parent company of Golden Nugget, and Fast Acquisition (FST), a special purpose acquisition company, previously announced on July 1 that they had entered into an amendment to their previously announced merger as Fertitta had agreed to contribute certain operating businesses not originally included as part of the business combination with Fast for no additional debt. However, the billionaire's general counsel sent a letter Dec. 1 to Fast Acquisition Corp. to state that Fertitta Entertainment would terminate the proposed transaction because it hadn't closed by an agreed-upon date, according to Bloomberg, citing a regulatory filing. In a letter in response, Fast Acquisition stated in part "Florida, or Fertitta Entertainment, "is not permitted to terminate the Merger Agreement pursuant to Section 9.01(a) because 'the right to terminate this Agreement under this Section 9.01(a) shall not be available to any party hereto whose action or failure to fulfill any obligation under this Agreement or the Separation Agreement shall have been the primary cause of the failure of the Closing to occur on or prior to such date'. Florida's actions and failures to fulfill its obligations under the Merger Agreement, including, without limitation, Florida's failure to deliver the financial statements required by Section 7.01(a) of the Merger Agreement until July 2021, despite being required to provide them no later than March 31, 2021, are unquestionably the primary cause of the failure of the Closing to occur by the Termination Date. Accordingly, the Purported Notice is invalid, unenforceable, of no legal force and effect and is hereby rejected. We hereby demand that Florida withdraw the Purported Notice immediately and take all necessary steps to consummate the transactions contemplated by the Merger Agreement forthwith... Florida's material breach has and will cause irreparable injury, and we intend to take all necessary steps to protect the SPAC and its investors. You are hereby placed on notice of breach and that should your breach not be immediately remedied, we intend to initiate litigation."
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RKLB | Hot Stocks13:51 EST Rocket Lab unveils details about next generation Neutron launch vehicle - Earlier, Rocket Lab USA revealed new details about the next generation Neutron launch vehicle in a virtual event streamed via Rocket Lab's YouTube channel. "Building on Rocket Lab's proven experience developing the Electron launch vehicle, the second most frequently launched U.S. rocket annually since 2019, the advanced 8-ton payload class Neutron launch vehicle is designed to transform space access by delivering reliable and cost-effective launch services for satellite mega-constellations, deep space missions and human spaceflight," said Rocket Lab founder and CEO Peter Beck. Beck added: "Neutron is not a conventional rocket. It's a new breed of launch vehicle with reliability, reusability and cost reduction is hard baked into the advanced design from day one. Neutron incorporates the best innovations of the past and marries them with cutting edge technology and materials to deliver a rocket for the future. More than 80% of the satellites to be launched in the next decade are expected to be constellations, which have unique deployment needs that Neutron is the first vehicle to address specifically. Like we did with Electron, rather than starting with a traditional rocket design, we focused on our customers' needs and worked back from there. The result is a rocket that is right-sized for market demand and can launch fast, frequently and affordably." Rocket Lab is currently working through a competitive process to select launch site, rocket production facility and Archimedes engine test facility on the U.S. East Coast, it added. Reference Link
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WEC | Hot Stocks13:38 EST WEC Energy to increase dividend by 7.4% to 72.75c per share - The board of directors of WEC Energy announced that it is planning to raise the quarterly dividend on the company's common stock to 72.75c per share in the first quarter of 2022. This would represent an increase of 5c per share, or 7.4%. The directors expect to declare the new dividend at their regularly scheduled meeting in January. The dividend - which would be equivalent to an annual rate of $2.91 per share - would be payable March 1, 2022, to stockholders of record on Feb. 14, 2022. "The board's review today is consistent with our ongoing plan targeting a dividend payout ratio of 65 to 70 percent of earnings," said Gale Klappa, executive chairman.
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BABA... | Hot Stocks13:09 EST U.S. 'step closer' to delisting Chinese companies as SEC finalizes rules - The Securities and Exchange Commission announced it has adopted amendments to finalize rules implementing the submission and disclosure requirements in the Holding Foreign Companies Accountable Act, or HFCAA. The rules apply to registrants the SEC identifies as having filed an annual report with an audit report issued by a registered public accounting firm that is located in a foreign jurisdiction and that the Public Company Accounting Oversight Board, or PCAOB, is unable to inspect or investigate, or "Commission-Identified Issuers." "We have a basic bargain in our securities regime, which came out of Congress on a bipartisan basis under the Sarbanes-Oxley Act of 2002. If you want to issue public securities in the U.S., the firms that audit your books have to be subject to inspection by the PCAOB. This final rule furthers the mandate that Congress laid out and gets to the heart of the SEC's mission to protect investors. The Commission and the PCAOB will continue to work together to ensure that the auditors of foreign companies accessing U.S. capital markets play by our rules. We hope foreign governments will, working with the PCAOB, take action to make that possible," said SEC Chair Gary Gensler. Bloomberg, in a report that says the SEC rules move the U.S. a "step closer" to delisting Chinese companies from U.S. exchanges, stated that China and Hong Kong are the only two jurisdictions that refuse to allow the inspections despite the fact that they have been required since 2002. Chinese companies listed for trading in the U.S. include DiDi Global (DIDI), Alibaba (BABA), Pinduoduo (PDD), JD.com (JD), Tencent (TCEHY), Tal Education Group (TAL), New Oriental Education (EDU) and NetEase (NTES). Reference Link
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WYNN | Hot Stocks13:07 EST Chanos says Wynn shares 'not cheap,' will not make money in 2022 - Jim Chanos, president and founder of Kynikos Associates, spoke earlier on CNBC.
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SOPA | Hot Stocks13:05 EST Society Pass Inc trading resumes
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AERC | Hot Stocks13:02 EST AERC Stock trading resumes
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SOPA | Hot Stocks13:00 EST Society Pass Inc trading halted, volatility trading pause
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AERC | Hot Stocks12:57 EST AERC Stock trading halted, volatility trading pause
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DKNG | Hot Stocks12:51 EST DraftKings slips after Chanos mentions negatively during interview - In an interview on CNBC, Jim Chanos, president and founder of Kynikos Associates, mentioned online sports betting operators, including DraftKings (DKNG), in a negative light, after which the shares moved lower in afternoon trading. Chanos has previously mentioned before that he is not a believer in the investment thesis for online sport betting operators, citing competition in the space and high promotional spending.
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DASH | Hot Stocks12:49 EST Jim Chanos discusses short position in DoorDash on CNBC - In an interview on CNBC, Jim Chanos, president and founder of Kynikos Associates, is discussing his short position in DoorDash (DASH), questioning if the company is not going to be profitable now, during a pandemic, then when will it be.
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GNHAF CSLLY | Hot Stocks12:45 EST Vifor says regularly in talks with other market participants after reports - Vifor Pharma (GNHAF) said in a statement: "Vifor Pharma Group systematically reviews options that can strengthen its market position and/or accelerate the growth of the company both organically and through partnerships and acquisitions. Vifor Pharma is therefore regularly in discussions with other market participants and does not comment on them." The press release follows news reports that CSL (CSLLY) is in talks to acquire Vifor.
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UBS... | Hot Stocks12:01 EST EU fines UBS, Barclays, RBS, HSBC, Credit Suisse EUR344M over forex probe - The European Commission has completed its cartel investigation into the Foreign Exchange spot trading market by imposing fines on five banks. The Commission has adopted a decision imposing a total fine of EUR261M on the four banks that decided to settle the case, namely UBS (UBS), Barclays (BCS), RBS (NWG) and HSBC (HSBC). The Commission has also fined Credit Suisse (CS) EUR83M under the ordinary procedure. Commissioner Margrethe Vestager, in charge of competition policy said: "Today we complete our sixth cartel investigation in the financial sector since 2013 and conclude the third leg of our investigation into the Foreign Exchange spot trading market. Our cartel decisions to fine UBS, Barclays, RBS, HSBC and Credit Suisse send a clear message that the Commission remains committed to ensure a sound and competitive financial sector that is essential for investment and growth. Foreign exchange spot trading activities are one of the largest financial markets in the world. The collusive behaviour of the five banks undermined the integrity of the financial sector at the expense of the European economy and consumers."
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SOL | Hot Stocks12:00 EST ReneSola falls -11.9% - ReneSola is down -11.9%, or -78c to $5.78.
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ESTC | Hot Stocks12:00 EST Elastic falls -13.3% - Elastic is down -13.3%, or -$18.48 to $120.65.
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AI | Hot Stocks12:00 EST C3.ai falls -13.6% - C3.ai is down -13.6%, or -$4.60 to $29.23.
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KR | Hot Stocks12:00 EST Kroger rises 12.4% - Kroger is up 12.4%, or $4.99 to $45.20.
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SNOW | Hot Stocks12:00 EST Snowflake rises 12.7% - Snowflake is up 12.7%, or $39.59 to $350.59.
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EXPR | Hot Stocks12:00 EST Express rises 14.2% - Express is up 14.2%, or 48c to $3.86.
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VALN | Hot Stocks11:49 EST Valneva confirms initiation of rolling review with EMA of VLA2001 - Valneva SE confirmed that the European Medicines Agency has started a rolling review of VLA2001, its whole-virus inactivated, adjuvanted COVID-19 vaccine candidate. "Valneva remains focused on achieving regulatory approvals of VLA2001 following its positive Phase 3 trial results. The company continues to make progress with the rolling submission in the UK (MHRA), including verification of the Phase 3 clinical data integrity (required for finalization of the submission), as previously disclosed. Potential regulatory approvals are expected in the first quarter of 2022. Valneva is also providing an update on VLA2001 in the context of the emergence of the Omicron variant. Valneva believes that VLA2001 can make an important contribution to the global fight against the COVID-19 pandemic and potentially play a role in protecting against the new Omicron variant. In contrast to other vaccines that target only the spike protein of the SARS-COV-2 virus, VLA2001 is developed using the entire SARS-CoV-2 virus envelope. Preserving the whole virus envelope is expected to elicit a broad immune response and together with the CpG1018 adjuvant may provide an improved immunological profile by boosting T-cell responses against additional SARS-CoV-2 proteins. Valneva will test for cross-neutralization of VLA2001 against the Omicron variant. Valneva also confirms that its technology platform is adaptable for new variants, if required. The company has undertaken laboratory development and testing of variants, at its sites in France and Austria, including the production of viral seed stock for three earlier variants of concern, including Delta. Valneva produced a full scale pilot lot derived from the Alpha variant, validating the suitability of its well-established manufacturing process for variant-based vaccines. Valneva has commenced manufacturing for the European Commission supply contract and has some inventory ready for labelling and deployment upon regulatory approval. Valneva expects to have capacity to produce over a hundred million doses of vaccine per annum through a combination of in house production and CMO capacity," the company said.
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BRKR | Hot Stocks11:45 EST Bruker says FluoroType SARS-CoV-2 varID Q assay detects all variants - Bruker Corporation announced that its established CE-IVD marked FluoroType SARS-CoV-2 varID Q real-time multiplexed PCR assay reliably detects all SARS-CoV-2 variants, and in addition is expected to also provide a clear indication of Omicron, recently declared a 'variant of concern' by the WHO. FluoroType SARS-CoV-2 varID Q is a multiplexed CE-IVD marked PCR assay for the detection and quantification of all major SARS-CoV-2 variants, based on Bruker's proprietary LiquidArray technology. In addition, the assay simultaneously detects the S-gene mutations Del69-70 and N501Y, which are expected to be clear indications that the variant is Omicron. The new Omicron variant shares these mutations with the Alpha variant, but the Alpha variant is meanwhile of low epidemiological interest and only gets detected sporadically. Accordingly, by identifying Del69-70 and N501Y, the laboratory has an indication that the sample most probably is the SARS-CoV-2 Omicron variant. This can subsequently be confirmed by genomic sequencing, as is standard practice.
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PLBY | Hot Stocks11:34 EST PLBY rallies after naming Cardi B first-ever Creative Director In Residence - Playboy, the brand owned by PLBY Group, announced a collaboration with musician and entrepreneur Cardi B. "In her new role as Playboy's first-ever Creative Director In Residence, Cardi will provide artistic direction across co-branded fashion and sexual wellness merchandise collections, digital editorial, experiential activations and more. In addition, Cardi B will serve as the Founding Creative Director and a founding member of Playboy's upcoming creator-led platform, CENTERFOLD," the company said in a statement. Said PLBY CEO Ben Kohn, "Through her unapologetic commitment to free expression, her dedication to lifting up artistic voices and her celebration of sex and body positivity, Cardi is the embodiment of the Playboy brand. I can't wait to see what Cardi and our team develop together with our merchandise design, development and distribution capabilities and our best-in-class content production. I also can't think of a better creative visionary to partner with us on the launch of CENTERFOLD." Playboy and Cardi B's co-branded merchandise collections "will continue to expand Playboy and PLBY Group's rapidly growing direct-to-consumer fashion and sexual wellness businesses around the world," the company added. Shares of PLBY Group are up 2% to $35.87 following the news.
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PLBY | Hot Stocks11:21 EST PLBY Group names Cardi B first ever creative director - PLBY Group announced via Twitter that Cardi Bi has become the company's first ever "Creative Director in Residence." Shares of PLBY Group jumped 3% to $36.07 following the news.
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ANEB | Hot Stocks11:09 EST Anebulo Pharmaceuticals Inc trading resumes
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MGI | Hot Stocks11:08 EST MoneyGram partners with urpay for cross-border payments from Saudi Arabia - MoneyGram International announced its partnership with urpay to enable cross-border money transfers. urpay is a digital wallet powered by neoleap, the Saudi-based financial global digital solutions company with a mission to create the most powerful yet simple fintech solutions. The partnership enables urpay to connect to the Company's API-driven infrastructure and global network to provide its millions of users the ability to send money around the world. The partnership is expected to be live for consumers in early 2022.
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VRAR | Hot Stocks11:05 EST Glimpse Group to acquire Sector 5 Digital for total potential price of $27M - The Glimpse Group announced that it has entered into a definitive agreement to purchase Sector 5 Digital. S5D is enterprise focused, immersive technology company that combines brilliant storytelling with emerging technologies for industry leading organizations. It helps companies transform their brands by creating innovative digital content for marketing, communications, sales, entertainment, virtual events, training and simulation. Key customers include: American Airlines, BAE Systems, Bell Flight, Ecolab, Galderma, Halliburton, Recaro, Textron Systems and others. S5D has approximately 25 employees, was founded in 2014 and is based in Fort Worth, Texas. S5D expects to generate revenue of over $4.0 million in calendar year 2021, an increase of approximately 33% compared to approximately $3.0 million in calendar year 2020. S5D's gross margins for calendar year 2021 are expected to be in the 55-60% range, with breakeven to slightly positive cash flow from operations. S5D's recognized revenue and financials have not been audited yet and may change upon review and audit. Expected synergies from the acquisition include: Approximately double Glimpse's pre-acquisition annual revenue; Place Glimpse on a potential $10 million annual revenue run rate trajectory, which we believe will make Glimpse one of the largest independent VR and AR software and services companies; Significantly improve business, operating and financial scale, solidifying Glimpse's operating base; Generate compelling go-to-market synergies across Glimpse's diverse ecosystem of subsidiary companies; Increase employee base to over 100 software developers, engineers and 3D artists with cutting-edge capabilities; Deepen Glimpse's robust ecosystem of VR/AR companies and expertise; Expand diversification across industries, subsidiary companies, customers, technologies and geographies. In addition, Jeff Meisner, S5D's co-founder and CEO, will continue as its General Manager post acquisition and join Glimpse's executive team as Chief Revenue Officer. Mr. Meisner will also be appointed to Glimpse's Board of Directors as a non-independent director, adding significant immersive technology industry experience. Transaction Summary: Total potential purchase price of $27 million, with an initial payment of $8 million; $19 million of the potential purchase price is dependent on the achievement of revenue growth milestones over the next three years; Of the total potential purchase price, up to $6 million is in cash and $21 million is in Glimpse common shares, priced at the time of issuance over the next three years when the revenue milestones are met; There are no contingencies to this transaction, which is expected to officially close in Q1 CY '22; The transaction is expected to be immediately accretive to Glimpse; Post-acquisition, Glimpse is expected to have approximately $20 million cash on its balance sheet, with no material liabilities.
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CPTK | Hot Stocks11:02 EST Brivo surpasses 1M Mobile access control credentials - Brivo, which recently entered into a definitive merger agreement with Crown PropTech Acquisitions, announced it has surpassed 1 million Brivo Mobile Pass mobile credentials worldwide. Mobile access credentials allow people to open doors, gates, and turnstiles using just their smartphone, which makes navigating spaces in offices, gyms, garages, schools and other places in the built world more convenient.
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ZM | Hot Stocks11:01 EST Japan's oVice announces business partnership with Zoom Video - oVice, headquartered in Nanao City, Ishikawa, Japan, announced that it has recently agreed and signed a business partnership with Zoom Video Communications. "This partnership will allow oVice's customers to seamlessly access from its service platform to a Zoom meeting without having to move from one tool to another... oVice has joined Zoom's ISV Partner Program and will be able to provide services and solutions powered by Zoom that will support hybrid work styles," the company stated.
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CFVI | Hot Stocks11:01 EST CF Acquisition Corp. VI soars after reaching deal to take Rumble public - Video platform Rumble and CF Acquisition Corp. VI (CFVI), a special purpose acquisition company sponsored by Cantor Fitzgerald, announced last night that they have entered into a definitive business combination agreement. After closing, which is expected in Q2 of 2022, the combined company will be called Rumble Inc. and expects to be publicly listed on Nasdaq. Shares will trade on Nasdaq under the symbol CFVI until the closing of the transaction. The transaction values Rumble at an initial enterprise value of $2.1B, with current Rumble shareholders having the ability to earn additional shares of the combined company if the stock reaches price hurdles of $15.00 and $17.50 per share. The transaction is expected to provide approximately $400M in proceeds to Rumble, including a fully committed PIPE of $100M at $10.00 per share and $300M of cash held in the trust account of CFVI. Upon the closing of the transaction, Chris Pavlovski, the Founder and Chief Executive Officer of Rumble, will retain voting control "to facilitate execution of Rumble's neutral mission on behalf of all stakeholders." The board of each of Rumble and CFVI have unanimously approved the transaction. The transaction will require the approval of the stockholders of each of CFVI and Rumble. Rumble stockholders have agreed to support the transaction. Shares of CF Acquisition Corp. VI are up 19% to $11.61 following the news. Rumble in an investor presentation highlighted that former President Donald Trump is among its top creators.
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ANEB | Hot Stocks10:59 EST Anebulo Pharmaceuticals Inc trading halted, volatility trading pause
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RDW AMZN | Hot Stocks10:58 EST Bear Cave sees 'problems at Redwire' amid inability to file first 10-Q - The Bear Cave's Edwin Dorsey said in a recently published report titled "Problems at Redwire" that, "Redwire [RDW] went public through a SPAC merger at a $620 million valuation, but its seven underlying companies were acquired for approximately $150 million between February 2020 and June 2021. The premium appears to be a symptom of aggressive SPAC projections and spurious metrics. For example, the company's claimed $280 million backlog is largely "cancellable by customers for convenience" and Redwire's projection of 11x revenue growth over the next five years seems at odds with its inability to file its first 10-Q. In addition, a celebrity duo promoting an alleged partnership with Amazon [AMZN] appear less than credible." In Thursday morning trading, shares of Redwire have dropped over 4% to $7.78. Reference Link
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RLYB | Hot Stocks10:45 EST Rallybio Holdings LLC trading resumes
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RLYB | Hot Stocks10:35 EST Rallybio Holdings LLC trading halted, volatility trading pause
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TSE | Hot Stocks10:35 EST Trinseo announces $200M share repurchase program, 32c per share dividend - Trinseo announced that its board of directors authorized the repurchase of up to $200M of its ordinary shares, subject to certain parameters defined by the board. This authorization expires in 18 months. All repurchases will be carried out by way of redemption in accordance with Irish law and the company's constitutional documents. In addition, Trinseo's board authorized a quarterly dividend of 32c per share. The dividend will be a cash distribution payable on January 20, 2022 to shareholders of record as of the close of business on January 6, 2022. Frank Bozich, President and CEO of Trinseo, said, "Given our expected record 2021 profitability and strong cash generation, we expect our net leverage ratio will be in the low-two-times range at the end of the year. Given this, our expected continued cash generation, and our ongoing portfolio transformation, we thought it was an appropriate time to re-initiate a share repurchase program. This should enable us to opportunistically repurchase shares in an accretive fashion to drive value for shareholders."
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FHTX | Hot Stocks10:15 EST Foghorn Therapeutics trading resumes
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VVV | Hot Stocks10:11 EST Valvoline announces board member search - Valvoline announced that the Company's Board of Directors is conducting a search to identify and appoint one or more new Board members with significant experience in the areas of electric vehicles, energy transition and/or autonomous transportation. The new Board member or members would support the Company's positioning in the evolving transportation landscape. Valvoline will seek to identify a candidate by May 1, 2022. The Company is conducting a simultaneous search for a new president for its Retail Services business. A leading executive search firm has been engaged to assist with both searches. The Company has held constructive discussions with Chicane Capital Management, LP, the investment manager to current shareholder Chicane Opportunities Fund, LP about board composition and identifying candidates with the relevant experience and expertise.
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FHTX | Hot Stocks10:10 EST Foghorn Therapeutics trading halted, volatility trading pause
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FMTX | Hot Stocks10:09 EST Forma Therapeutics Holdings trading resumes
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FMTX | Hot Stocks10:04 EST Forma Therapeutics Holdings trading halted, volatility trading pause
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BILL | Hot Stocks10:02 EST Bill.com appoints Sarah Acton as CMO - Bill.com announced that Sarah Acton has joined the company as Chief Marketing Officer. Reporting to CEO and Founder Rene Lacerte, Sarah will be a member of the executive leadership team. Sarah recently led both marketing and sales at Athos, a wearables company in the athletic performance space where she drove the adoption of products across the major professional sports leagues and elite collegiate teams as well as key programs within the Department of Defense.
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BAESY | Hot Stocks10:01 EST BAE Systems awarded $316M contract from DLA - The Defense Logistics Agency has executed a $316M contract option for BAE Systems' advanced M-Code Global Positioning System modules, raising the contract funding to $641M. The modules provide dependable positioning, navigation, and timing for ground troops, vehicles, aircraft, and precision munitions. The contract will ensure the availability of Common GPS Modules for advanced military GPS receivers with anti-jamming and anti-spoofing capabilities that enable operation in contested environments. Under the contract option executed in November, BAE Systems will manufacture CGMs for future ground, airborne, and weapon GPS receivers for the U.S. Department of Defense and its allies. The award builds on a May 2021 $325M contract and enables BAE Systems to continue to meet domestic and international demand for Military GPS User Equipment Increment 1 M-Code modules in GPS receivers through the end of the decade.
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AI | Hot Stocks10:00 EST C3.ai falls -11.0% - C3.ai is down -11.0%, or -$3.73 to $30.10.
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ESTC | Hot Stocks10:00 EST Elastic falls -13.5% - Elastic is down -13.5%, or -$18.81 to $120.32.
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GEO | Hot Stocks10:00 EST Geo Group falls -14.7% - Geo Group is down -14.7%, or -$1.19 to $6.91.
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SNOW | Hot Stocks10:00 EST Snowflake rises 9.6% - Snowflake is up 9.6%, or $29.99 to $340.99.
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SPIR | Hot Stocks10:00 EST Spire Global rises 12.3% - Spire Global is up 12.3%, or 51c to $4.66.
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EXPR | Hot Stocks10:00 EST Express rises 16.3% - Express is up 16.3%, or 55c to $3.93.
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KPTI | Hot Stocks09:57 EST Karyopharm's selinexor granted FDA orphan designation for glioblastoma - Karyopharm's selinexor was granted FDA orphan designation as a treatment of glioblastoma, according to a post to the agency's website. Reference Link
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TAK | Hot Stocks09:51 EST Takeda Pharmaceutical announces U.S. commercial availability of Livtencity - Takeda Pharmaceutical announced the United States commercial availability of Livtencity, the first and only treatment for adults and pediatric patients with post-transplant cytomegalovirus infection/disease that is refractory to treatment with ganciclovir, valganciclovir, cidofovir or foscarnet. Livtencity an orally bioavailable anti-CMV compound, became available for prescription on December 2, just over a week after the U.S. FDA approval which took place on November 23.
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VEEV | Hot Stocks09:47 EST Veeva falls -10.3% - Veeva is down -10.3%, or -$28.12 to $244.00.
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AI | Hot Stocks09:47 EST C3.ai falls -11.2% - C3.ai is down -11.2%, or -$3.78 to $30.05.
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ESTC | Hot Stocks09:47 EST Elastic falls -12.9% - Elastic is down -12.9%, or -$17.95 to $121.18.
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RLX | Hot Stocks09:47 EST RLX Technology rises 9.5% - RLX Technology is up 9.5%, or 39c to $4.50.
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SNOW | Hot Stocks09:47 EST Snowflake rises 12.2% - Snowflake is up 12.2%, or $38.05 to $349.05.
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EXPR | Hot Stocks09:47 EST Express rises 11.5% - Express is up 11.5%, or 39c to $3.77.
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ESSCU | Hot Stocks09:43 EST East Stone Acquisition Corporation (Units) trading resumes
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KPLT | Hot Stocks09:40 EST Katapult provides interim update on gross originations, lower than 2020 levels - Katapult Holdings provided an interim update on its quarter-to-date Gross Originations last night. The company booked Gross Originations from October 1, 2021, through November 30, 2021, of $40.4M. This compares to Gross Originations in the same period of 2020 and 2019 of $41.7M and $26.1M, respectively. Chief Executive Officer, Orlando Zayas, notes, "Our quarter-to-date Gross Originations were down 3.2% year-over-year, which reflects many of the same economic trends we saw in the 3rd quarter continuing into the 4th quarter. We look forward to seeing how December 2021 unfolds. We will provide more details in regard to Gross Originations and other key metrics when we report Fourth Quarter and Full Year 2021 results in 2022." In early trading, Katapult Holdings shares are down 36c, or 10%, to $3.30.
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ESSCU | Hot Stocks09:38 EST East Stone Acquisition Corporation (Units) trading halted, volatility trading pause
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KIRK | Hot Stocks09:36 EST Kirkland's trading resumes
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IGC | Hot Stocks09:33 EST India Globalization Capital presents findings from Phase 1 trial of IGC-AD1 - India Globalization Capital presents preliminary positive secondary end point findings from its Phase 1 clinical trial for IGC-AD1. The investigational new drug, IGC-AD1, is IGC's proprietary Tetrahydrocannabinol based candidate designed to treat certain symptoms of Alzheimer's disease. The results of the clinical trial have been submitted in the Clinical/Statistical Report filed with the FDA, and relevant data is also available on Form 8-K filed with the SEC on December 2, 2021. Alzheimer's disease impacts about 50 million people worldwide and about 5.5 million individuals in the U.S. Over 70% of these patients face one or more debilitating symptoms, including anxiety, depression, and agitation. Agitation in dementia patients can include excessive physical movement and verbal activity, restlessness, pacing, belligerence, aggression, screaming, crying, and wandering. Currently, there is no FDA-approved medication to alleviate symptoms of dementia, such as agitation, due to Alzheimer's disease. THC is a naturally occurring cannabinoid produced by the cannabis plant. It is known for being a psychoactive substance that can impact mental processes in a positive or negative way depending on dosage. THC is biphasic, meaning that low and high doses of the substance may affect mental and physiological processes in substantially different ways. Our trial is based on low or microdosing, which is hypothesized to potentially have a promising effect on Alzheimer's patients. As previously disclosed the recently closed trial was approved to proceed by the U.S. Food and Drug Administration on July 30, 2020. The trial included three cohorts, with 12 patients in each cohort. Patients in Cohort-1, Cohort-2 and Cohort-3 received the medication once, twice, and thrice per day, respectively, for 14 days. To evaluate one of the secondary end points for the study, neuropsychiatric symptoms of patients, across all cohorts, were assessed on day zero of each cohort to establish a baseline, as well as on day 10, and day 15 of each cohort. Based solely on the data collected over the course of the Phase 1 trial, we saw evidence of clinical improvements in anxiety, depression, and agitation. On the anxiety and depression scales, we documented a decrease of approximately 50% to 60% in patients who received the drug. For agitation, we documented a decrease of approximately 35% to 60% in patients who received the drug. The degree of the decrease varied by cohort. Based on the preliminary data obtained to date, IGC estimates that the most effective dosage of the drug may be once or twice per day, depending on the symptom. As previously disclosed, we have received an initial patent, and filed additional patents to protect our intellectual property. As this was a Phase 1 trial, data collected related to neuropathic symptoms are preliminary in nature and are not a guarantee of future positive results. Nevertheless, IGC is encouraged by these initial promising and exciting results, as the potential to improve the quality of life of Alzheimer's patients and their caregivers could be significant if similar results are repeated in future trials with larger patient pools. We are in the process of using the results from this Phase 1 study to design and subsequently pursue, based on FDA approval, a placebo-controlled, multi-site trial with a significantly expanded patient population to further test the efficacy of IGC-AD1 on agitation, anxiety, and depression in Alzheimer's patients. The details of a clinical trial process in general are documented in IGC's annual report. IGC-AD1 is an investigational new drug that has not been approved as a medication by any regulatory body in any country. Although the Phase 1 trial has been completed, and certain data has been collected, IGC-AD1's safety and efficacy need to be further established through trials on larger and more diverse groups of Alzheimer's patients.
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RDBX | Hot Stocks09:32 EST Redbox sees deploying digital video signage on 4,000 kiosks through partnership - Redbox announced it has deployed digital video signage on the top of over 2,000 kiosks across the US, with nearly 4,000 expected total installations. "Through a partnership with Velocity, A Managed Service Company, the new video screens give the company a powerful new way to partner with Hollywood studios to promote new release movies, its rapidly growing free streaming service, as well as provide advertising opportunities for national and hyper-local media campaigns that will be seen by millions of consumers in high traffic locations," Redbox stated. Direct ad sales for the new screens are handled by Redbox in partnership with Screenvision, and through connected programmatic exchanges, the company noted. "The addition of Velocity screens gives us a powerful new way to promote new release titles with our content partners including all major Hollywood studios, as well as provide brands and studios a uniquely customizable out of home campaign, while also promoting our free streaming service and Redbox Entertainment originals in high trafficked locations. We've already seen success with the screens we've tested to date, and we're excited to see this quickly scale and potentially grow to additional kiosks in the future," said Galen Smith, CEO, Redbox.
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KIRK | Hot Stocks09:32 EST Kirkland's trading halted, volatility trading pause
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IMAC | Hot Stocks09:31 EST IMAC appoints Sandy Miller as chief of staff - IMAC Holdings announces a promotion and multiple new hires to accommodate the Company's rapid growth in both IMAC Regeneration Centers and The Back Space subsidiary. Sandy Miller, founding partner of IMAC's Ozzie Smith IMAC Regeneration Center in 2015, has been promoted to the position of Chief of Staff for IMAC. Ms. Miller has served as Vice President of Clinical Development for IMAC over the past three years. The Company has also hired Norleidy Hernandez as Human Resources Director. Ms. Hernandez joins IMAC from St. Charles Surgical Hospital where she served as Director of Human Resources. Additionally, Frank DeVito, III, has been hired as Director of Sales. Mr. DeVito comes to IMAC from Sage Settlements where he served as one of their leading sales consultants while working with thousands of attorneys nationwide.
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CB | Hot Stocks09:30 EST Chubb, Betterfly announce digital alliance - Chubb announced its most recent digital alliance with Betterfly, a Latin America digital benefits platform used by companies to encourage employees' commitments to self-care. The platform rewards healthy habits with charitable donations and life insurance protection that grows at no cost based on lifestyle choices that foster physical, mental, and financial wellbeing. Betterfly has developed a unique embedded insurance B2B2C model and has chosen Chubb as its preferred insurance provider for Mexico, Colombia, Ecuador, Chile, and Argentina. Chubb will make Betterfly's membership and benefits platform available to its consumer line insureds in these countries through existing distribution channels. The integration of Chubb's digital insurance into the Betterfly ecosystem uses the capabilities of Chubb Studio, Chubb's global digital product distribution platform.
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HURN | Hot Stocks09:28 EST Huron acquires Whiteboard Higher Education, terms undisclosed - Huron announced it has acquired Whiteboard Higher Education, a student enrollment advisory firm that helps colleges and universities with recruitment initiatives and financial aid strategies. The entire Whiteboard team will join Huron. Whiteboard will be included in Huron's Education operating segment. Terms of the acquisition, which closed, were not disclosed.
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GRNQ | Hot Stocks09:26 EST Greenpro Capital teams with with PIKOM and SEATech Ventures - Greenpro Capital announced a strategic collaboration with PIKOM and SEATech Ventures. This collaboration is supported by the Government of Malaysia. Greenpro CEO, Dr. Lee said, "Parallel to the rapid growth of the cryptocurrency industry is the rapid growth of cryptocurrency regulation is considered to be a very efficient method of alternative financing. We will plan the Security Token Offering as an alternative fundraising strategy in potential Unicorns Building. Many businesses in Malaysia have started to look at blockchain technology for raising funds. As a result, security tokens have become a possible investment vehicle that allows businesses to reverse the financial pyramid and democratize the capital markets. We will see our Digital Asset Exchange CryptoSX reaching the critical mass to take off in 2022 and we are very excited to be working towards developing a global blockchain based digital ecosystem."
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TNP | Hot Stocks09:24 EST TEN, Ltd. announces charter extensions for Aframax tankers - TEN announced the charter extension for two aframax tankers for a combined period of 48 months to a major oil company. With these two transactions, the total number of long-term businesses secured over the last three months climb to 10 including ones with fixed and profit-sharing contracts. These 10 fixtures combined with the minimum charter proceeds of the LNG carrier and the Shuttle tanker to be delivered in the first and second quarter of 2022 respectively are expected to generate gross revenues of approximately $500 million.
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SFNC STXB | Hot Stocks09:23 EST Simmons First issues supplemental information on Spirit of Texas acquisition - On November 19, 2021, Simmons First National Corporation (SFNC) and Spirit of Texas Bancshares, Inc. (STXB) announced the execution of a definitive merger agreement pursuant to which Simmons will acquire Spirit, and its wholly-owned subsidiary, Spirit of Texas Bank SSB, in a transaction consisting of a mixture of cash and Simmons' common stock with an aggregate value of approximately $581 million, based on the Simmons' closing stock price of $31.73 on November 17, 2021. As previously disclosed, under the terms of the Merger Agreement, Simmons estimates it will issue approximately 18,325,000 shares of its common stock, subject to certain conditions and potential adjustments, including substituting cash for Simmons' common stock to the extent necessary to cash out Spirit's stock options and warrants that are outstanding immediately prior to the effective time of the Proposed Transaction. To provide more detail regarding the per share consideration under the terms of the Merger Agreement, Simmons estimates that Spirit shareholders will receive approximately 1.02 shares of Simmons' common stock for each share of Spirit's common stock they hold, with the precise number of shares to be determined at closing of the Proposed Transaction. The exchange ratio is based on the assumption that (i) 17,261,959 shares of Spirit's common stock are issued and outstanding, (ii) 323,129 shares of Spirit's common stock are reserved for issuance upon the vesting of Spirit's restricted stock units, (iii) 780,230 shares of Spirit's common stock are subject to outstanding stock options of Spirit with a weighted average exercise price of $14.65, and (iv) 15,312 shares of Spirit's common stock are subject to outstanding warrants of Spirit with a weighted average exercise price of $12.84, in each case, immediately prior to the effective time of the Proposed Transaction. In addition, the exchange ratio assumes that the average closing price of Simmons' common stock (as described in the Merger Agreement) is equal to $31.73, which was the closing sales price of Simmons' common stock on November 17, 2021. Changes in any of these assumptions will result in changes in the exchange ratio.
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ACHR | Hot Stocks09:23 EST Archer gets FAA airworthiness certificate for Maker demonstrator aircraft - Archer Aviation announced it has received a Special Airworthiness Certificate from the Federal Aviation Administration covering its Maker demonstrator aircraft. The Special Airworthiness Certificate authorizes Archer to begin flight testing its electric vertical takeoff and landing Maker aircraft. Having cleared this final threshold to begin off-ground operations, Archer remains on track to conduct its first hover flight test later this year. Archer has worked hard to maintain a collaborative and transparent relationship with the FAA through the Administration's Center for Emerging Concepts & Innovation and the Los Angeles Aircraft Certification Office throughout the certification process. This latest milestone follows Archer receiving its FAA G-1 Issue Paper: Certification Basis in September. "Earning our Special Airworthiness Certificate from the FAA marks a significant moment for our company as we take another leap ahead toward our goal of bringing eVTOL travel to the world," said Brett Adcock, Archer co-founder and co-CEO. "We're glad to share a commitment with the FAA to create urgently-needed air transportation solutions. We're grateful to have developed a strong relationship with their Center for Emerging Concepts & Innovation as we continue to work to ensure our eVTOL aircraft adheres to the highest standards of safety and compliance. In a year of exciting milestones for Archer, this moment serves as a key validator for the incredible work our team is doing to transform our vision for urban air mobility into a reality."
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F | Hot Stocks09:21 EST Ford reports November U.S. sales up 5.9% to 158,793 vehicles - Ford announced it was "the only major U.S. automaker to report a year-over-year sales increase in November," up 5.9% over last year to 158,793 vehicles. Retail share totaled an estimated 13.8%, 2.7 percentage points higher than November last year, Ford said. "Our new products continue to roll, making Ford America's best-selling automaker for the third consecutive month, a feat last accomplished in 1974. Ford was also the only major U.S. automaker to beat year ago sales results for November. On the strength of Mustang Mach-E, Ford delivered record electrified vehicle sales, growing more than three times faster than the overall segment. Retail sales were up 4.5 percent over a year ago, with SUVs having a bestever November sales performance on record sales of our all-new Bronco family. We expect growth to continue, thanks to adding an additional 74,000 new vehicle orders in November," said Andrew Frick, vice president, Ford Sales U.S. and Canada.
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ADTX | Hot Stocks09:21 EST Aditx Therapeutics extends timeline to acquire AiPharma Global - Aditxt announced that it has entered into an amendment to its previously announced transaction agreement with AiPharma Global extending the outside date by which the parties have to execute a definitive agreement from November 30 to December 16, and to remove the $4M termination fee from the transaction agreement and associated credit agreement. In addition, the parties agreed to reduce AiPharma Global's borrowing capacity under the credit agreement from $8.5M to $8M and to require an aggregate cash payment of $500,000 to be made in one or more payments at the initial closing and/or secondary closing, as mutually agreed by the parties.
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SPCB | Hot Stocks09:21 EST SuperCom awarded new electronic monitoring contract in Texas - SuperCom announced that a new customer contract has been signed for the PureTrack GPS tracking platform, following a successful live product evaluation by the customer at its location.
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SVOK BOXD | Hot Stocks09:19 EST Seven Oaks Acquisition announces transfer of listing to NYSE - Seven Oaks Acquisition announced that it will voluntarily transfer the listing of its Class A common stock and public warrants from the Nasdaq Capital Market to the New York Stock Exchange in connection with, and upon the closing of, the previously announced business combination with Boxed. In connection with the Business Combination, all Seven Oaks units will be automatically separated and each of the then issued and outstanding shares of Class A common stock will convert automatically, on a one-for-one basis, into a share of common stock, par value $0.0001 per share, of the post-business combination company, to be renamed Boxed, Inc. The shares of common stock and public warrants of Boxed, Inc. are expected to begin trading under the stock symbol "BOXD" and "BOXD WS", respectively, on December 9, 2021. Seven Oaks' units, Class A common stock and public warrants will continue to trade on Nasdaq until the closing of the Business Combination. In compliance with Nasdaq's Listing Rules, Seven Oaks provided Nasdaq with notice of its intent to delist its Class A common stock and public warrants from Nasdaq after market close on December 8, 2021. The NYSE listing and Nasdaq delisting are subject to the closing of the Business Combination and fulfillment of all NYSE listing requirements.
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EZFL | Hot Stocks09:18 EST EzFill launches EzFill Gift of Fuel - EzFill Holdings announced the launch of its holiday EzFill Gift of Fuel to help snowbirds, college students, and full-time residents in the Miami area save on gas and reduce or eliminate visits to the gas station this winter. In the spirit of giving, and to help offset the rising cost of gas, the Company is enabling existing customers to gift a free credit of $10 to new customers. EzFill will then credit the gift giver $10 in appreciation for the referral.
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BFRI | Hot Stocks09:17 EST Biofrontera issued notice of allowance for U.S. patent on illumination protocol - Biofrontera announced that the United States Patent and Trademark Office has issued a Notice of Allowance for the U.S. patent application number 17/234,490, titled "Illumination for Photodynamic Therapy," that covers an innovative, pain-reducing illumination protocol for photodynamic therapy. The patent application claims a method for photodynamic therapy in which a dynamic and innovative illumination protocol is implemented. This protocol consists of changing illumination intensities combined in a predefined order with interruptions of the illumination to specifically modulate and reduce pain perception to the patient. The new illumination protocol aims at combining the high efficacy of Ameluz with the flexibility of BF-RhodoLED to modulate light for pain reduction to ultimately become a new standard-of-care in PDT. Implementation of the protocol to Biofrontera's medical devices requires a software installation and can be rolled-out to both the BF-RhodoLED and BF-RhodoLED XL lamps. To include this illumination protocol in the U.S. prescribing information, Biofrontera Group, in accordance with pipeline development under the license and supply agreement between Biofrontera Inc. and Biofrontera AG, will start a Phase 3 trial for the treatment of actinic keratoses on the face and scalp with 3 tubes of Ameluz and the RhodoLED XL lamp involving the new protocol in 2022. Within the scope of the LSA between Biofrontera Inc. and Biofrontera AG and its Germany-based subsidiaries, Biofrontera Inc. holds the exclusive rights to market and sell Ameluz and the PDT-lamps BF-RhodoLED as well as the advanced BF-RhodoLED XL in the United States. Under the LSA, the Licensor holds the patents for the licensed products.
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REAL | Hot Stocks09:15 EST RealReal reports November GMV $146M - The RealReal provided a business update. November gross merchandise value was approximately $146 million, an increase of 51% and 46% compared to the same periods in 2020 and 2019, respectively. The RealReal's strong GMV growth in November was driven in part by Black Friday through Cyber Monday with 49% GMV growth year-over-year during the four-day period. Of note, Black Friday 2021 was the company's largest single day of GMV ever transacted. November average order value was approximately $514, an increase of 17% and 10% compared to the same periods in 2020 and 2019, respectively. Watches, Men's, and Women's Handbags were the fastest growing categories in November. The RealReal believes that disclosing monthly GMV and AOV will provide additional transparency regarding the effects of the COVID-19 pandemic on its business. Consistent with SEC guidance regarding the impacts of the COVID-19 pandemic, the company intends to provide monthly GMV and AOV through the end of 2021.
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ABML | Hot Stocks09:14 EST American Battery announces sampling results at 305 lode mining claims - American Battery Technology announced initial sampling results at its recently secured 305 lode mining claims located on land administered by the Bureau of Land Management in Little Smokey Valley near Tonopah, Nev. The ABTC field team analyzed 29 new surface sample locations, along with existing samples previously collected by other parties, and the resulting data demonstrated grades of anomalous reported lithium present from 260 ppm to 1,530 ppm in the project area. Samples with values of 300 ppm and up are typically considered very prospective in nature. The historic samples were analyzed by ALS Analytical Lab in Reno Nev., and the samples collected by ABTC were assayed at the American Assay Laboratory in Reno, Nev. As a result of the initial surface sample characterizations, ABTC has submitted a Notice of Operation permit and Reclamation Bonding to the Bureau of Land Management Tonopah Field Office for subsurface samplings of these claims. Exploratory subsurface sampling is the next sequential step in moving towards developing this resource where the sample results will be used to define the extent of the deposit in footprint, depth, and the grades of the lithium. Preliminary evaluation of historical sampling and characterization efforts have indicated that the composition and structure of the resources on these claims could be representative of resources identified on nearby claims in the same region. In April 2020, American Lithium published a resource assessment of their 7,500-acre TLC project, which directly borders these ABTC secured claims, which stated a Measured and Indicated resource of 5.37 million tonnes of lithium carbonate equivalent, with an additional 1.76 million tonnes inferred. Over the past two years, ABTC has been designing and optimizing its internally-developed processing train for the manufacturing of battery cathode grade lithium hydroxide from these Nevada-based sedimentary claystone resources. The majority of these development efforts to date have been performed with sedimentary claystone resource samples provided by partner companies in the Tonopah, Nev. region. While ABTC will continue to work with these partners to refine, test, and validate its internally developed technologies for potential commercialization at these resource sites, ABTC is also evaluating the performance of its lithium extraction and manufacturing technologies directly on its own lithium-bearing resource.
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MOSY | Hot Stocks09:10 EST MoSys stockholders approve business combination with Peraso - MoSys announced that MoSys stockholders approved the proposed business combination with Peraso Technologies at the special meeting of stockholders reconvened on December 1.
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AMZN | Hot Stocks09:10 EST Amazon announces Rivian selects AWS as 'preferred cloud provider' - Amazon Web Services or AWS announced that electric vehicle maker Rivian (RIVN) has selected AWS as its preferred cloud provider, deepening the companies' existing relationship. Across its enterprise, the automaker applies AWS capabilities in analytics, compute, containers, and machine learning to help streamline its business and improve the performance of its customers' electric vehicles-for battery range, driving experience, and owner experience-while simultaneously innovating the technological foundations for customers' electric vehicle fleet management and more efficient vehicle charging. Rivian applies these innovations across its vehicle lines, including custom-built electric delivery vans for Amazon.com. Through these developments, Rivian aims to accelerate the consumer and commercial shift to electric vehicles and make transportation cleaner and more sustainable in accordance with its goals under The Climate Pledge.
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WWE | Hot Stocks09:08 EST WWE launches NIL program - WWE announced the launch of a name, image and likeness, or NIL, program that will provide a pathway from collegiate athletics to WWE. Following a new policy by the NCAA effective July 1, which ushered in the NIL era allowing college athletes the ability to monetize their name, image and likeness, WWE has constructed a program to recruit and develop potential future Superstars. Dubbed "Next In Line," the NIL program aims to enhance the talent development process through collaborative partnerships with college athletes from diverse athletic backgrounds. All athlete partnerships will feature access to the WWE Performance Center in Orlando, Florida, in addition to resources across the organization including brand building, media training, communications, live event promotion, creative writing and community relations. Upon completion of the NIL program, select athletes may earn an exclusive opportunity to be offered a WWE contract. In September, WWE announced its first NIL deal with heavyweight freestyle wrestler Gable Steveson who captured a gold medal at the Tokyo Olympics. The agreement allowed Steveson to return to the University of Minnesota for his senior season where he is defending his NCAA National Championship while beginning his Superstar training with WWE.
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DCT | Hot Stocks09:07 EST Duck Creek Technologies OnDemand selected by SECURA Insurance - Duck Creek Technologies announced that SECURA Insurance, a North American property and casualty insurance carrier, has selected Duck Creek Rating, Policy, Claims, and Insights to streamline its P&C business and power the next generation of its Specialty Lines operations. SECURA has chosen to implement its new digital solutions via Duck Creek OnDemand, the provider's SaaS solution for the P&C insurance industry. OnDemand is Duck Creek's end-to-end SaaS solution, providing the services, support, and computing resources needed to help carriers move faster and more efficiently. "This commitment represents a major digital transformation move for SECURA and is yet another sign that insurers worldwide are adopting SaaS solutions for the most critical functions of their organizations," said Matt Foster, COO of Duck Creek Technologies. "Duck Creek OnDemand will let SECURA focus on its customers, agents, and products, while we provide application services and upgrades behind the scenes. We are thrilled to expand our relationship with SECURA and look forward to continuing to help them grow and succeed."
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AMZN PFE | Hot Stocks09:07 EST Amazon's AWS works with Pfizer 'to create innovative, cloud-based solutions' - Amazon (AMZN) Web Services announced that it is working with Pfizer (PFE) to create innovative, cloud-based solutions with the potential to improve how new medicines are developed, manufactured, and distributed for testing in clinical trials. The companies are exploring these advances through their newly created Pfizer Amazon Collaboration Team initiative, which applies AWS capabilities in analytics, machine learning, compute, storage, security, and cloud data warehousing to Pfizer laboratory, clinical manufacturing, and clinical supply chain efforts. For instance, AWS is helping Pfizer enhance its continuous clinical manufacturing processes by incorporating predictive maintenance capabilities built with AWS machine learning services like Amazon Lookout for Equipment . As a result, Pfizer can maximize uptime for equipment such as centrifuges, agitators, pulverizers, coaters, and air handlers used in clinical drug manufacturing. The overall focus of this collaboration is to support Pfizer in more rapidly and reliably producing new drugs and evaluating their potential health benefit for patients. "Our life sciences customers are increasingly looking for opportunities to scale expertise, insight, and secure access to the right information, at the right time, with the aim of reducing the time and cost for drug development and clinical trials," said Kathrin Renz, Vice President of Business Development and Industries at Amazon Web Services, Inc. "AWS's breadth and depth of cloud capabilities help support Pfizer's teams through secure, novel research methods as they work to optimize drug development and clinical manufacturing processes. The past two years have reinforced for the world just how much speed and agility matter at every step of the research, development, and clinical manufacturing cycle when lives are on the line. We're proud to work with Pfizer and lend our deep domain expertise to assist in developing solutions that could significantly improve the lives of patients globally
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VZ | Hot Stocks09:06 EST Verizon offering 5G Home, Business Internet in Dayton, OH, Jacksonville, FL - Verizon is offering more customers more super fast 5G internet for their homes and businesses. Customers in parts of Dayton, OH and Jacksonville, FL can now sign up for 5G Home Internet or 5G Business Internet, depending on their needs. Both services are ideal for anyone who wants super fast connectivity to stream, game or work flexibly.
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ACOGF | Hot Stocks09:05 EST Alpha Cognition appoints Cedric O'Gorman as chief medical officer - Alpha Cognition (ACOGF) announced the appointment of Cedric O'Gorman as the company's chief medical officer. O'Gorman will lead medical, clinical and regulatory functions in support of the company's clinical-stage products ALPHA-1062 and ALPHA-0602. O'Gorman will also serve as a member of the executive management team, reporting to the CEO. O'Gorman brings to Alpha Cognition more than two decades of life sciences experience in clinical development, medical affairs and medical strategy, almost exclusively in the CNS therapeutic area, and across all stages of drug development. Prior to Alpha Cognition, he served as senior VP, clinical development and medical affairs at Axsome Therapeutics (AXSM) where he led clinical development programs for therapeutic indications which included major depressive disorder, agitation associated with Alzheimer's disease, narcolepsy, and migraine.
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EXCOF | Hot Stocks09:05 EST Exco Technologies publishes first sustainability report - Exco Technologies announced it has published its inaugural Sustainability Report. This milestone reflects our growing focus on our Environmental, Social and Governance priorities, and facilitates a deepening dialogue with our stakeholders about these issues. As discussed in the report, our ESG strategic priorities are built upon our core values and are designed to ensure that Exco achieves its vision - to be the benchmark for innovation, quality and efficiency in the industries we serve. Looking at our business strategies through the ESG lens is critical to our success in a world where all of our stakeholders are concerned with issues of environmental and social sustainability. In addition to evolving marketplace dynamics, the report describes our initiatives to protect the environment, support our people, give back to society, and ensure robust corporate governance structures.
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ATLC | Hot Stocks09:04 EST Atlanticus Holdings announces two senior promotions - Atlanticus announced the appointment of Brian Stone as Chief Data Science and Risk Officer and Kas Naderi as Chief Information Officer. In the newly created role of Chief Data Science Officer, Stone will accelerate Atlanticus' use of data science across the organization. He will continue to oversee Atlanticus' credit risk function as Chief Risk Officer. Naderi, who has served as Senior Vice President, Technology Systems for seven years, will take on the role of Chief Information Officer. In this position, he will oversee all information technology systems, including Atlanticus' core system of record and data security operations.
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NWVCF | Hot Stocks09:04 EST EnWave sells second 10 kW REV machine to Dairy Concepts IRL - EnWave announced that Dairy Concepts IRL has signed an Equipment Purchase Agreement to acquire its second 10kW Radiant Energy Vacuum dehydration machine for commercial use at Moorepark Technology Limited's facility in Cork, Ireland. DCI signed a royalty-bearing commercial license agreement with EnWave in September 2020, granting it processing rights for a portfolio of natural, sweet and savoury, shelf-stable, hand-held dairy snacks. To facilitate initial REV processing, DCI forged a commercial relationship with MTL. MTL provides commercial pilot plant and research services for food industry customers. DCI and MTL have collaborated to combine leading technology with food innovation strategy to launch new and exciting dairy-based products to the market in Europe. MTL previously purchased a 10kW REV machine from EnWave in September 2019 and this machine has been used commercially by DCI since September 2020. In March 2021, EnWave sold a second 10kW REV unit to DCI to expand its manufacturing capacity at MTL, and the addition of a third 10kW REV machine will continue to increase production capacity at the MTL facility. DCI will use all three of the existing REV machines at MTL for the production of CheeseOs and its premium specialty cheese brand Moorepark.
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ABCL AMGN | Hot Stocks09:03 EST AbCellera appoints Neil Aubuchon as chief commercial officer - AbCellera (ABCL) announced the appointment of Neil Aubuchon as chief commercial officer, or CCO. Aubuchon brings over 20 years of experience in strategic planning, operations, and leadership for global biopharmaceutical companies. As chief commercial officer, Aubuchon will lead the commercial strategy and assessment of partnership opportunities to optimize the value of AbCellera's growing portfolio of royalty positions in the next generation of antibody-based therapies. Prior to joining AbCellera, Aubuchon was the global marketing lead for Amgen's (AMGN) general medicine early portfolio.
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PRGS | Hot Stocks09:03 EST Progress Software announces Milwaukee County, Wisconsin implement MOVEit MFT - Progress announced that Milwaukee County, Wisconsin implemented Progress MOVEit secure managed file transfer, MFT, to centralize dozens of disparate file transfer systems and serve its many constituencies more efficiently. "Moving files securely in and between local, state, federal government departments and agencies is business-critical as these files usually contain extremely sensitive citizen data," said John Ainsworth, SVP, Core Products, Progress. "With MOVEit, Milwaukee County can securely configure, deploy, and manage data and information exchange from a central location, while tracking and guaranteeing their delivery." After a thorough evaluation of multiple MFT software providers, Milwaukee County chose Progress MOVEit because it gave them the ability to quickly onboard and integrate a wide variety of disparate data systems and processes, minimizing complexity and allowing for more centralized management. Looking ahead, the team expects to triple their use of MOVEit managed file transfer in the next year and they plan to explore the advanced workflow automation capabilities of Progress MOVEit Automation and Progress MOVEit Transfer for secure collaboration, adding more modules as the need arises.
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CVS MSFT | Hot Stocks09:02 EST CVS Health, Microsoft announce new strategic alliance - CVS Health (CVS) and Microsoft (MSFT) announced a new strategic alliance focused on developing innovative solutions to help consumers improve their health, while empowering over 300,000 CVS Health employees - including frontline workers - with tools to better serve more than 100M people. The collaboration with Microsoft will help CVS Health accelerate a data-driven, personalized customer experience, while complying with the company's patient privacy and confidentiality policies. By combining information from different areas across the company with high agility, CVS Health will enhance its omnichannel pharmacy capabilities and deliver customized health recommendations when and where consumers need them. CVS Health will also scale up retail loyalty and personalization programs that use advanced Machine Learning models running on the cloud computing service Azure.
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SON | Hot Stocks09:01 EST Sonoco Products to increase tube, core price by 10% in EMEA regions - Sonoco-Alcore S.a.r.l. announced that due to continued inflationary pressure on the business, it will raise prices by 10% on all tube and core grades sold in the Company's EMEA regions. The increase will be effective for all shipments made on or after the 13th December 2021. "We continue to experience further cost increases in all sectors of our operations and supply chain. Even with a strong focus on implementing productivity initiatives, they are not enough to offset inflationary pressures from energy, packaging, transportation, adhesives and raw materials. As such, we are forced to pass on cost increases to the market," said Karsten Kemmerling, Division VP - Sales & Marketing EMEA.
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DOW | Hot Stocks08:58 EST Dow Inc. sees Q4 EBITDA $150M-$200M lower than consensus - In its Citi Basic Materials Conference presentation yesterday, the company CFO said he "expect Q4 results to be lower by $150-$200M EBITDA than current First Call consensus on higher raw material costs and lower polyethylene and co-product pricing", also noting that Logistics challenges continue to constrain demand, but he also believes that easing global logistics constraints through 2022 unlock additional pent-up demand. Reference Link
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BK | Hot Stocks08:56 EST BNY Mellon's Pershing to acquire Optimal Asset Management, terms not disclosed - BNY Mellon's Pershing announced it has entered into a definitive agreement to acquire Optimal Asset Management, a direct indexing solutions provider. Optimal Asset Management's patented, cutting-edge software provides customizable direct indexing solutions to investors seeking personalized portfolios that are aligned to their values. The acquisition will form part of the new Pershing X offering - a recently launched business unit within Pershing that will design and build innovative solutions for the advisory industry.
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ACTD... | Hot Stocks08:51 EST OPAL Fuels to list on Nasdaq via ArcLight Clean Transition Corp. II combination - OPAL Fuels and ArcLight Clean Transition Corp. II (ACTD) announced a definitive agreement for a business combination that will result in OPAL Fuels becoming a publicly listed company. Upon closing of the transaction, the combined company will be named OPAL Fuels Inc. and remain listed on the Nasdaq Stock Exchange under the new ticker symbol "OPL." The combined company will continue to be led by OPAL Fuels co-CEOs Adam Comora and Jonathan Maurer. OPAL Fuels, a FORTISTAR portfolio company, is a vertically integrated, waste-to-fuel RNG production and distribution company with a Capture and Conversion upstream business and Dispensing and Monetization downstream business serving the domestic heavy duty transportation sector. Underpinned by gas rights agreements that are typically at least twenty years in length, Capture and Conversion projects produce RNG by capturing methane emissions from landfill sites and dairy farms. The captured methane emissions are purified and treated, turning once harmful emissions into a source of clean, renewable energy, reducing the harmful long-term effects of methane and carbon emissions. This flips a substantial cost - managing dairy waste and landfill gas - into significant revenue streams for dairy farms and landfills. OPAL Fuels' Dispensing and Monetization operations help deliver this clean, reliable and renewable fuel to heavy duty trucking fleets through OPAL Fuels' national network of fueling stations, which spans 42 states and is typically backed by fueling agreements averaging ten years in duration. OPAL Fuels is also positioned for a future that includes the commercialization of emerging technologies, including renewable hydrogen, through existing partnerships with key industry participants. The company is well placed to be an enabler of renewable hydrogen that uses RNG in its production and to develop, construct, and operate heavy duty hydrogen fueling station networks. OPAL Fuels has a proven business model, tracing its roots back to 1998, and is expected to generate nearly $170 million in revenues in 2021. The company's vertically integrated model benefits its margin profile and positions the company well to capture share in a fragmented industry that is characterized by smaller, non-vertically integrated upstream and downstream participants. Today, OPAL Fuels operates 21 biomethane projects, of which three are in RNG service and the balance are in renewable power service. Increasing secular tailwinds, which include public policy initiatives and corporate sustainability objectives, are supporting the growth of RNG as a way to cost effectively halt climate change and decarbonize transportation, providing strong visibility into significant volume and EBITDA growth for OPAL Fuels over the next several years. The company's project pipeline totals 23, seven of which are in construction and the balance of which are in advanced development execution. The business combination values OPAL Fuels at an implied $1.75 billion pro forma enterprise value at a price of $10.00 per ArcLight share. The transaction and related financings are expected to provide gross proceeds of approximately $536 million to OPAL Fuels, comprised of: ArcLight's $311 million of cash held in trust, assuming no redemptions, A $125 million fully committed PIPE, anchored by NextEra Energy (NEE), an affiliate of ArcLight, Electron Capital Partners, Gunvor Group, Wellington Management and Adage Capital Management, and; Up to a $100 million preferred equity investment from affiliates of NextEra Energy. The boards of directors of both ArcLight Clean Transition Corp. II and OPAL Fuels have approved the proposed transaction, which is expected to be completed in the second quarter of 2022, subject to, among other things, approval by ArcLight's stockholders and satisfaction or waiver of other conditions stated in the definitive documentation.
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AGRI | Hot Stocks08:49 EST AgriFORCE signs contract with Humboldt to deploy grow house facility - AgriFORCE Growing Systems has signed a definitive contract with Humboldt Bliss. The contract is for the deployment of the AgriFORCE foundational IP - which includes a facility design, production and operation technologies and methods, and an automated growing system for the cultivation and sale of high value medical and agricultural products into the Caribbean and global pharmaceutical and agricultural markets. Under the terms of the contract, AgriFORCE is responsible for constructing its proprietary facility and providing the full Standard Operating Procedures of the AgriFORCE Grow House and Humboldt is responsible for securing the project's land as well as operating the facility. Upon production, Humboldt has committed to remit an IP licensing, management services and equipment leasing fee to AgriFORCE for up to 14,300 pounds of high value medical and agricultural crops per year. The contract will be backed by a rolling $5M performance bond maintained by Humboldt. AgriFORCE CEO Ingo Mueller stated: "Finalizing this agreement is exciting, and we are looking forward to deploying our Grow House facility in Barbados. We believe that this facility may generate over $12 million of EBITDA per year based on current contracts with the potential to further expand production based upon up to a further 50% of available installed capacity. Moreover, we have a robust sales pipeline and we believe this is only the first of several agreements to roll out our Grow House facilities in the coming months."
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CDW | Hot Stocks08:47 EST CDW acquires Sirius Computer Solutions for $2.5B - Clayton, Dubilier & Rice completed the sale of Sirius Computer Solutions, a provider of secure, mission-critical technology-based solutions for corporate and institutional customers, to CDW. The total purchase price was $2.5B. CD&R funds acquired Sirius in 2019 in a $1.5B transaction. Founded in 1980 with headquarters in San Antonio, TX, Sirius is a privately held, national solutions integrator focused on managing organizations' operations, with over 2,600 employees, multiple offices across the U.S., and a team of experts with more than 5,500 professional and technical certifications.
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NSC | Hot Stocks08:46 EST Norfolk Southern CEO James Squires to retire in 2022, Alan Shaw to succeed - Norfolk Southern announced that Chairman and CEO James Squires plans to retire on May 1, 2022, at which time Executive Vice President and Chief Marketing Officer Alan Shaw will become CEO. As part of the company's planned succession process, the board of directors has elected Shaw to the role of president, effective immediately. The company's executive leadership team now reports to Shaw. Squires and Shaw will continue to work closely together over the next five months to complete a smooth transition.
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VSQTF | Hot Stocks08:46 EST GameOn announces partnership with Polygon Studios - Victory Square Technologies is pleased to announce that portfolio company, GameOn Entertainment Technologies has formed a strategic partnership with Polygon and Polygon Studios to build NFT-Based games on their Ethereum-based scaling platform. The deal will see Polygon Studios provide non-dilutive funding to invest in 50% of GameOn's ongoing product development costs. GameOn's product team is spearheaded by Santi Jaramillo, former Head of Sports at Dapper Labs and creator of NBA Top Shot.
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CDAK | Hot Stocks08:46 EST Codiak announces new preclinical data from exoVACC platform - Codiak BioSciences announced new preclinical data from its exoVACC exosome-based vaccine platform. The study reported the generation of a neutralizing antibody response that showed evidence of activity against multiple SARS-CoV-2 variants. In addition, the ability of exoVACC to generate antigen-specific T cell responses against structurally conserved regions of multiple coronavirus variants provides evidence of a broad immune response to the candidate. The results are being presented today at the World Vaccine & Immunotherapy Congress, WVIC, 2021 in San Diego. "Our goal is to advance a pancoronavirus vaccine candidate that has the potential to be broadly protective against infection with SARS-CoV-2, CoV-2 variants and other novel beta coronavirus family members. We believe Codiak's exosome engineering platform will allow us to engineer antigens to elicit T cell and antibody responses against this virus family to generate immunity," said Douglas Williams, Ph.D., President and Chief Executive Officer of Codiak. Codiak's vaccine system platform leverages engineered exosomes to precisely control antigen display on the surface or in the lumen, in order to deliver antigens, adjuvants and immunomodulators simultaneously and selectively to antigen presenting cells to maximize immune response. The data presented at WVIC show that an exosome carrying the SARS-CoV-2 RBD induced an antibody response in mice that was 100-fold greater than recombinant, or "free" RBD, highlighting the advantage of the exosome surface display. When a STING agonist was added to the exosome to function as an adjuvant, the antibody response observed in preclinical studies was further enhanced and comparable to that of human subjects vaccinated twice with an mRNA vaccine against SARS-CoV-2. Additionally, Codiak, in collaboration with Gaurav Gahia, M.D., principal investigator at the Ragon Institute, identified multiple T cell epitopes that are highly conserved and invariant across all Beta coronaviruses including the known SARS-CoV-2 variants and the recently identified Omicron variant.
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SB | Hot Stocks08:45 EST Safe Bulkers enters agreement for acquisition of Kamsarmax vessel - Safe Bulkers announced that it has entered into agreement for the acquisition of a Japanese dry-bulk 82,000 dwt, Kamsarmax class vessel with scheduled delivery date within the fourth quarter of 2023. The newbuild vessel is designed to meet the requirements of Energy Efficiency Design Index related to Green House Gas, GHG emissions, 'EEDI, Phase 3' to comply with the NOx emissions regulation, NOx-Tier III and will be financed from the cash reserves of the Company. Including this agreement, the company has an orderbook of nine Japanese newbuild vessels, with deliveries starting from second quarter 2022, three of which are Post-panamax class and six are Kamsarmax class vessels.
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IDT | Hot Stocks08:44 EST National Retail Solutions joins Geopath to enhance advertising capabilities - National Retail Solutions, a subsidiary of IDT Corporation, announced that its NRS Digital Media division, which operates NRS' rapidly expanding digital out-of-home, DOOH place-based advertising network, has joined Geopath, a non-profit provider of industry-standard out-of-home, OOH, advertising metrics. The integration of Geopath's audience measurement, consumer insights, and market research equips NRS Digital Media with tools to enhance the reach of its DOOH advertising platform. "Advertisers expect access to robust audience data to validate media activations and measure returns," said Eli Korn, COO of NRS. "Our membership in Geopath provides brands and media planners with new and more granular insights into the unique audiences found in NRS stores to inform more effective media placement decisions."
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BLDE | Hot Stocks08:41 EST Blade acquires rights to Helijet's scheduled passenger business in Canada - Blade Air Mobility announced that it has entered into an agreement through its wholly owned subsidiaries Blade Urban Air Mobility, Inc. and Blade Urban Air Mobility with Helijet Internationa , North America's largest scheduled helicopter airline, and Pacific Heliport Services , a wholly owned subsidiary of Helijet, which operates and manages heliport infrastructure in Vancouver, Victoria and Nanaimo, British Columbia. Blade has acquired exclusive rights to offer scheduled helicopter flights operated by Helijet and to utilize passenger terminals at heliports controlled by PHS. This acquisition is consistent with Blade's asset-light model, where the Company organically creates, or in this case purchases, valuable routes on which by-the-seat helicopter services have a strong value proposition compared to cars and other forms of transport, and contracts with incumbent aircraft operators to fly on its behalf. Helijet is currently operating at an annualized run-rate of about 50% of its pre-pandemic revenues of approximately US$15M. However, traffic is recovering quickly as Canada continues its pandemic re-opening. "The addition of Helijet's scheduled passenger business will make Blade the largest Urban Air Mobility service in North America," said Rob Wiesenthal, Chief Executive Officer of Blade. "Helijet, which has safely flown more than 2.5M passengers over three decades of flying in Canada, will continue to own and operate all Blade-designated aircraft in Canada and the U.S. Pacific Northwest." Blade to pay Helijet a purchase price of $12M to secure exclusive rights to Helijet's scheduled passenger business and utilize heliport terminals at PHS managed and operated heliports. Helijet to exclusively operate Blade flights on existing and jointly developed routes in Canada and the U.S. Pacific Northwest, including cross-border flight services. Blade and Helijet will expand Canadian and U.S. Pacific Northwest infrastructure appropriate for current generation rotorcraft and forthcoming EVA. The Agreement has an initial term through 2026 and will be automatically renewed for successive two-year periods.
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BLI | Hot Stocks08:41 EST Berkeley Lights debuts in France as MImAbs acquires Beacon system - Berkeley Lights and MImAbs announced the acquisition of the Berkeley Lights Beacon system via a TechAccess subscription to help further its mission of helping its customers in the generation and validation of novel therapeutic antibodies against cancer and inflammatory diseases. This marks the first Beacon platform to be used in France. The Beacon platform will replace MImAbs' hybridoma system. "We are looking forward to supporting MImAbs as they transition away from hybridoma technology to the most advanced antibody discovery platform on the market today," said Berkeley Lights Chief Executive Officer, Eric Hobbs, Ph.D. "Investigators need faster and better discovery technologies to more rapidly and effectively serve patients and Berkeley Lights can help meet that need."
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CNSP | Hot Stocks08:39 EST CNS Pharmaceuticals' study of berubicin in GBM approved in Switzerland - CNS Pharmaceuticals has received approval from swissethics, the umbrella organization of the cantonal Ethics Committees in Switzerland, for the company's potentially pivotal study of Berubicin for the treatment of recurrent glioblastoma multiforme - GBM -, one of the most aggressive types of brain cancer. Berubicin is a novel anthracycline and the first anthracycline to appear to cross the blood-brain barrier currently being evaluated in a potentially pivotal global study evaluating its efficacy and safety in the treatment of GBM. The potentially pivotal global trial is an adaptive study in adult patients with recurrent glioblastoma multiforme after failure of standard first-line therapy. Approximately 243 patients with GBM after failure of standard first line therapy will be randomized for the evaluation of Overall Survival, the primary endpoint of the study. The FDA recently granted CNS Pharmaceuticals Fast Track Designation for Berubicin which enables more frequent interactions with the FDA to expedite the development and review process.
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ALBO | Hot Stocks08:39 EST Albireo Pharma appoints Constantine Chinoporos as CBO - Albireo Pharma announced the appointment of Constantine Chinoporos as Chief Business Officer and a member of the Albireo Enterprise Leadership Team. Mr. Chinoporos was most recently at Boston Pharmaceuticals where he was the Chief Business Officer responsible for all business development, new product planning operations and in-licensing of 20 programs over his tenure.
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KONEF | Hot Stocks08:39 EST Ketamine One partners with Cognetivity on PSTD, Depression clinical study - KetamineOne Capital is pleased to announce that it is entering into a collaborative partnership with Cognetivity Neurosciences to study and develop assessments for depression and post-traumatic stress disorder. In the initial stage of the partnership, Cognetivity and Ketamine One will partner on two separate clinical studies, one for depression and the second for PTSD. Protocols for both studies have received Institutional Review Board approval and patient recruitment is expected to occur in early 2022. Ketamine One's wholly owned subsidiary, KGK Science Inc., will lead the study, while Cognetivity will lead the analysis. Ketamine One is a next-generation health and wellness company focused on transforming the treatment of mental health by providing ketamine-assisted therapy and psychedelic medicines. Based in Canada and operating clinics throughout North America, the firm is dedicated to building the critical infrastructure needed to provide potentially breakthrough and life-changing treatments for conditions such as anxiety, PTSD, chronic pain and addiction. Cognetivity's Integrated Cognitive Assessment technology has already been deployed throughout Ketamine One's network of clinics in North America after the two companies entered into a commercial agreement earlier this year. In the latest phase of their collaboration, the ICA will be used to monitor changes in patients' cognitive ability as they undergo ketamine-assisted treatment for depression and PTSD. The clinical studies will add to the extensive body of data validating the ICA's use as a cognitive testing tool. It has already been widely deployed in clinical care, from North America and the Middle East to clinics in the UK's National Health Service. The project will also generate novel intellectual property regarding the ICA's predictive and long-term monitoring capabilities - not only on a stand-alone basis, but in combination with additional variables, including data from wearable devices, to support the creation of dedicated new products for specialist care in the areas of depression and PTSD.
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YTEN | Hot Stocks08:39 EST Yield10 Bioscience to present on advances using CRISPR genome editing - Yield10 Bioscience announced that its Chief Science Officer Dr. Kristi Snell will present during the Canola Week 2021 Conference taking place in virtual format November 30 through December 2, 2021. Dr. Snell will make a pre-recorded virtual presentation on December 2, 2021 as part of Canola Innovation Day. Her presentation, entitled "Genome editing to increase seed oil in Camelina," will describe the use of CRISPR genome editing to increase seed oil content in Camelina as well as the use of the GRAIN platform to identify novel editing targets for oilseed crops. Yield10 researchers have identified and are currently developing novel traits to increase seed oil content in oilseed crops. Yield10 plans further work with these novel oil content traits including the evaluation of trait combinations. "Demand for oil feedstock for production of renewable diesel in the U.S. and Canada is expected to rise significantly over the next five years," said Kristi Snell, Ph.D., Chief Science Officer of Yield10 Bioscience. "We believe that our GRAIN platform has enabled us to identify valuable new traits to meaningfully increase oil content in oil seed crops to meet the emerging growth in demand for oil in biofuel applications. Our work in Camelina has the potential to transform the crop into a high revenue, high yield, and low carbon index crop for securing acreage to produce renewable diesel feedstock."
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ABIO | Hot Stocks08:37 EST ARCA Biopharma completes enrollment in Phase 2b ASPEN COVID-19 trial - ARCA biopharma announced that enrollment has been completed in ASPEN-COVID-19, the Phase 2b clinical trial evaluating rNAPc2 as a potential treatment for patients hospitalized with COVID-19. 160 patients were enrolled at clinical investigative sites in the United States, Argentina and Brazil. The Company anticipates reporting topline data from the clinical trial in the first quarter of 2022. ASPEN-COVID-19 is a Phase 2b randomized, multi-center, international clinical trial evaluating two dose regimens of rNAPc2 versus heparin in hospitalized SARS-CoV-2 positive patients that also have an elevated D-dimer level. The primary endpoint of the trial is the change in D-dimer level from baseline to Day 8 relative to standard of care heparin. D-dimer is a biomarker commonly used for assessing coagulation activation, which is elevated in approximately 40% to 75% of hospitalized COVID-19 patients and is associated with adverse clinical outcomes. Heparin is an anticoagulant commonly given to any patient hospitalized in the United States for COVID-19. Other objectives of Phase 2b are to assess safety, determine the optimal dose regimen of rNAPc2 for a potential Phase 3 clinical trial and evaluate multiple additional clinical endpoints.
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OMCL | Hot Stocks08:36 EST Omnicell to acquire ReCept Holdings for $100M, sees accretion in 1Q23 - Omnicell announced it has entered into a definitive agreement with ReCept Holdings a provider of specialty pharmacy management services for health systems, clinics, and physician groups, to acquire its business for total aggregate cash consideration of $100M subject to customary adjustments. The acquisition will broaden Omnicell's portfolio of capabilities and services to address the significant need to improve access to and care coordination for complex medications. Studies have shown that specialty medications represent over 50 percent of the country's total spending on retail, mail-order, and provider-administered drugs.1 Used for treatment of complex conditions, these medications often require intensive patient management and specialized workflows for dispensing and care coordination. Specialty pharmacies serve as the connection between patients, prescribing physicians, and payors to ensure streamlined access and adherence to these specialty drugs, helping to maintain continuity of care throughout the process, and are expected to improve margin and profitability. As an Advanced Services organization, ReCept provides implementation and managed services for health systems and other provider organizations to optimize their specialty pharmacy programs and the related pharmaceutical aspects of patient care. Under the terms of the agreement, Omnicell will pay total aggregate cash consideration of $100M, subject to customary adjustments, at closing as provided for in the agreement and plan of merger. The transaction, which is expected to close by the end of the year, is subject to Hart-Scott-Rodino clearance and the satisfaction of other customary closing conditions. The ReCept business that is being acquired recorded approximately $24M of total revenue for the 12 months ended September 30. Omnicell will use cash available on its balance sheet to fund the transaction. Upon closing, the transaction is expected to be accretive to Omnicell's non-GAAP EBITDA beginning in the first quarter of 2023.
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TLRY | Hot Stocks08:36 EST Manitoba Harvest introduces hemp hearts health hack - Manitoba Harvest introduces a hemp hearts health hack in time for the holidays. As many people jump back into previously paused holiday traditions, it's important to remember that while this time of year can be joyous, it can also be extremely tiring and stressful. This makes it even more critical to build in simple practices supportive of healthy eating, while still enjoying favorite traditions. Fortunately, Manitoba Harvest, a pioneer and leader in hemp-based foods, offers a simple way to support overall wellbeing by enhancing the nutritional value of holiday favorites with Organic Hemp Hearts. Knowing that people could use a holistic health boost during the holidays, it's important to understand what Hemp Hearts can deliver. Each serving of Hemp Hearts offers 10g of plant protein, 12g of Omegas 3 & 6, all 9 essential amino acids, and is rich in nutrients like magnesium and zinc. Hemp Hearts are also easy to incorporate into any recipe. The company also conducted a survey to better understand how people are feeling about their health going into the holiday season. While no shock to learn that a majority of survey respondents plan to do some sort of baking during the upcoming holiday months, a dramatic 78% said they would make their favorite holiday baked goods healthier if they could. And, only around half feel like they get the nutrition needed to support their health during the holiday season.
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MFIN | Hot Stocks08:36 EST Medallion Financial announces sale of NASCAR race team investment - Medallion Financial announced that it has closed on the exit of its investment in its NASCAR race team - Richard Petty Motorsports - to Warp Speed. The Company received $19.1M of gross proceeds in full settlement of all debt and equity securities it held. The transaction results in a complete divestiture of RPAC by the Company, removes $26M of intangible assets from the Company's balance sheet and increases the Company's tangible book value by over $1 per share. Executive Commentary - Andrew Murstein, President and Chief Operating Officer, "Richard Petty is one of the most iconic names in professional sports. We are extremely proud of what we accomplished during our tenure with Richard Petty Motorsports, including winning numerous races, bringing greater diversity to the motorsports industry, and helping position RPAC for long-term success. We look forward to passing the baton to the next steward of this great legacy in this great sport."
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SLP | Hot Stocks08:35 EST Simulations Plus extends Monolix distribution agreement in Japan - Simulations Plus announced that it has extended its distributor agreement in Japan with Northern Science Consulting for Monolix. This distribution agreement for MonolixSuite will complement the existing arrangement between Simulations Plus and Northern Science Consulting, the distributor for the company's software products, including GastroPlus and ADMET Predictor, thereby expanding the company's reach across discovery, pre-clinical and clinical research and development within the Japanese pharmaceutical industry.
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DYN | Hot Stocks08:35 EST Dyne announces submission of IND application to start trial of DYNE-251 - Dyne Therapeutics announced the submission of an Investigational New Drug, IND, application to the U.S. Food and Drug Administration, FDA, to initiate a clinical trial of DYNE-251 in patients with Duchenne muscular dystrophy, DMD, amenable to skipping exon 51. "In a little over three years, we've been able to move Dyne from concept to clinic because we are steadfast in our commitment to bring potentially transformational therapies to people living with serious muscle diseases," said Joshua Brumm, president and chief executive officer of Dyne. "The IND submission for DYNE-251 represents a significant milestone. I am so proud of what our team has accomplished, and I want to thank all Dynamos and our partners in the rare muscle disease community. We look forward to an exciting 2022 as we expect to submit an IND for DM1 in the first quarter, begin dosing patients in clinical trials for both our DMD and DM1 programs by mid-year, and submit an IND for our FSHD program in the second half."
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ITGR | Hot Stocks08:34 EST Integer completes acquisition of Oscor - Integer Holdings announced the close of its acquisition of Oscor, Inc., a privately-held company that designs, develops, manufactures and markets a comprehensive portfolio of highly specialized medical devices, venous access systems and diagnostic catheters and implantable devices. From concept to commercialization, Oscor offers its customers a complete line of finished introducer systems, guiding sheaths and proprietary lead wire technologies serving the higher-growth cardiac pacing, electrophysiology, neurostimulation, cardiovascular, peripheral vascular and structural heart markets. In addition, the acquisition further broadens Integer's research and development capabilities and expands its manufacturing presence to the Dominican Republic, augmenting Integer's already extensive global footprint and manufacturing capabilities.
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ITI | Hot Stocks08:33 EST Iteris awarded $1.4M FDOT task order - Iteris announced that it has been awarded a $1.4M task order from Metric Engineering to support the Florida Department of Transportation, or FDOT, for a regional smart mobility, safety and sustainability program, representing continued demand for Iteris' specialized consulting services in Florida, a key geographic market.
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GNUS | Hot Stocks08:33 EST Genius Brands announces strategic investment in Your Family Entertainment - Genius Brands International announced that it has entered into an agreement to initially acquire a 28.6% interest in Your Family Entertainment, to be followed by a mandatory tender offer of the outstanding shares of YFE. YFE is one of Europe's largest distributors and broadcasters of programs for children and families. The YFE transaction, alongside the recent announcement of the acquisition of WOW! Unlimited Media, would significantly expand the Genius Brands catalogue and give the Company a streaming foothold outside the United States in Europe and the rest of the world. YFE, subject to YFE shareholder approval, will be renamed Genius Family Entertainment AG, and will operate its children's networks under the brand Kartoon Channel! Worldwide. YFE will maintain its independent listing on the Frankfurt Stock Exchange and will be run by the current Management Board of Dr. Piech and Bernd Wendeln. Dr. Piech, who also sits on the Supervisory Board of Porsche Automobil Holding SE, and Siemens Austria AG, will further join Genius Brands' Board of Directors in the U.S. Genius Brands has agreed to acquire 3,000,000 shares of YFE for EUR 6M to be followed by a mandatory tender offer to acquire additional outstanding shares of YFE at EUR 2.00 per share. Additionally, Genius Brands plans to invest up to EUR 7M to further capitalize YFE and invest in growing the global digital and linear channel footprint, as well as launch key intellectual property.
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PAE | Hot Stocks08:33 EST Bravour awarded EUR95M on base IDIQ by NATO - Bravour Leistungen was awarded a EUR95M single-award, indefinite delivery/indefinite quantity contract by the North Atlantic Treaty Organization Support and Procurement Agency. The three-year award may be extended by two option years. Under this contract, Bravour will provide services for U.S. military vehicles at facilities throughout Europe. In addition to vehicle services supporting NATO efforts, Bravour delivers solutions for various NSPA initiatives across Europe, including the management of hazardous material management system operations, ammunition X-ray operations and quality assurance and surveillance inspection support.
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CPXWF | Hot Stocks08:32 EST Capital Power says financial outlook remains on track for 2021 - At its 13th annual Investor Day event being held virtually today, Capital Power will review its financial outlook and highlight progress on its decarbonization plans, including acquisition of a portfolio of renewable development sites, construction plans for phase 2 of Halkirk Wind, addition of battery storage to its Genesee 1 and 2 repowering project, and evaluation of carbon capture and storage solutions. "We continue delivering on our renewables growth strategy across North America with the acquisition of a 1,300 MW portfolio of 20 large-scale solar development sites with battery potential in the United States. The projects are well-positioned to meet the rapidly growing demand for solar generation in the United States. We're investing an additional $469 million in growth with phase 2 of Halkirk Wind and the addition of battery storage to the Genesee repowering project, moving us closer to meeting our 2021 $500 million committed capital growth target. Incremental cash flows from our renewable projects and the Genesee 1 and 2 repowering, along with a robust Alberta power market outlook supports the extension of our 5% annual dividend growth guidance to 2025," said Mr. Vaasjo. For 2021, the financial outlook remains on track with the financial guidance provided in the third quarter 2021 report. 2022 Targets: Operational targets: Capacity-weighted average facility availability of 93%, reflecting planned outages at Genesee 1 and 3, Clover Bar Energy Centre, and Goreway, and Sustaining capital expenditures of $105 million to $115 million. Financial and dividend targets: The 2022 financial targets are based on various assumptions including: 64% of the Alberta commercial baseload generation portfolio sold forward at an average contracted price in the high-$60 per megawatt hour range, average Alberta spot power price of approximately $90/MWh, and AECO natural gas price of approximately $4.25/GJ. Adjusted EBITDA of $1,110 million to $1,160 million, AFFO of $580 million to $630 million, and Annual dividend growth guidance of 5% from 2022 to 2025 with an expected AFFO payout ratio within its target range of 45% to 55% through 2025. Growth targets: Complete construction of the Strathmore Solar and Enchant Solar projects in Alberta for commercial operations starting in early 2022 and fourth quarter of 2022, respectively, Begin construction of three North Carolina solar projects for commercial operations targeted in the fourth quarter of 2023 or first quarter of 2024, Continue progress on the Genesee 1 and 2 repowering project with targeted completion dates in late 2023 and 2024, Continue advancing carbon capture and utilization technology and the Genesee Carbon Conversion Centre, and Target $500 million committed capital for growth.
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JOAN | Hot Stocks08:31 EST Joann, Singer announce join venture to launch sewing, craft products - JOANN and SINGER announced the formation of a joint venture that will launch products and services with patented technology that "literally reinvents the sewing pattern process, making them easier to use and accessible anywhere and at any time," the company said. These new technologies have been developed in conjunction with leading artificial intelligence and sewing technology partners as well as one of the world's leading product design firms. The joint venture will launch in 2022. The products and related services will be sold initially domestically through various channels, including a direct-to-consumer model, at all JOANN store locations, and through Singer's dealer network that extends throughout the United States and to nearly 180 other countries. The joint venture will be led by Stacey Weller, a veteran in the sewing and craft industry, and will be based at SVP Worldwide's headquarters outside of Nashville, Tennessee. "For more than a century, crafters and sewers have largely endured the same arduous process that their ancestors used to make apparel, quilts, craft projects, decor and more," said Wade Miquelon, President & CEO of JOANN. "The technologies we are developing turn the most painful part of this journey into the most fun. Imagine instant access to thousands of established patterns, plus literally millions of potential self-designed variations, which can then be projected and cut quickly and accurately. JOANN is thrilled to partner with Singer, another legendary leader in the consumer creative space, to help transform the industry and make it easier and more enjoyable for crafters and sewists to bring their visions to life."
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DCTH | Hot Stocks08:31 EST Delcath Systems Inc trading resumes
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HITIF | Hot Stocks08:30 EST Alpine IQ announces partnership with High Tide - Alpine IQ announced its partnership with High Tide. High Tide tapped Alpine IQ to power its loyalty program, leveraging the company's robust suite of tools to engage with customers, drive increased satisfaction, and ultimately, repeat visits. With legal cannabis sales in Canada expected to rise 68% to $5.4B in 2022, and with more consumers turning to online ordering, Alpine IQ empowers dispensaries to meet the demands of today's consumer.
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BLIN | Hot Stocks08:29 EST Trading Card Company selects Bridgeline Digital's Hawksearch software - Bridgeline Digital announced that their Hawksearch product has been chosen by a major trading card company to support their online search experience.
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INCR | Hot Stocks08:28 EST InterCure announces partnership with Cookies - InterCure announced its international expansion into Europe through a partnership with iconic cannabis brand Cookies. The parties entered into a multi-year agreement under which InterCure expects to establish Cookies stores and medical cannabis pharmacies in Austria and the United Kingdom in early 2022, subject to local regulations. InterCure, a Cookies' international partner, is already cultivating, manufacturing and distributing Cookies' GMP standard, branded products through its Cookies' national medical cannabis pharmacy chain in Israel. InterCure will leverage its licensed international supply chain to serve the growing communities of medical cannabis patients in Europe.
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ADPT | Hot Stocks08:28 EST Adaptive Biotechnologies to present more than 30 abstracts clonoSEQ at ASH - Adaptive Biotechnologie together with its collaborators will present data from more than 30 abstracts demonstrating the utility of Adaptive's next-generation sequencing, NGS,-based clonoSEQ Assay in assessing minimal residual disease, MRD, in blood cancer patients at the 63rd Annual Meeting of the American Society of Hematology, ASH, December 11-14. clonoSEQ is the only U.S. Food and Drug Administration-cleared assay for MRD assessment in multiple myeloma, MM, chronic lymphocytic leukemia, CLL, and B-cell acute lymphoblastic leukemia, B-ALL. "The data presented at ASH continues to build on evidence supporting the clinical value of serial MRD testing across blood cancers to help hematologists guide patient management, including the decision to stop treatment," said Lance Baldo, MD, Chief Medical Officer of Adaptive Biotechnologies. "In both clinical trial and real-world settings, clonoSEQ has consistently demonstrated how NGS MRD assessment can meaningfully enhance the way patients and their clinicians understand and manage blood cancers." MRD assessment is a way to directly detect and quantify remaining disease during and after treatment. With clonoSEQ, clinicians can use a precise and reliable technique that can detect as little as one cancer cell among a million healthy cells with sufficient input material. Data generated using clonoSEQ in its FDA-cleared indications and beyond will be featured in 9 oral presentations and 25 posters at ASH.
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ORXGF | Hot Stocks08:27 EST Orca Energy Group sees 2022 capex $50M - Orca Energy Group announces an operations update and guidance for 2022. Well Workover Program: Following acceptance testing, the Exalo S.A drilling rig is onsite Songo Songo Island and remediation work has commenced on SS-3, the first of a planned three well onshore workover program. The $20.5 million program includes the reactivation/recompletion of the SS-3 and SS-4 wells to access incremental gas reserves in the SS east pool and provide additional gas deliverability to the SS gas plant. Together with the SS-3 and SS-4 wells, the SS-10 well, which remains in production, will be worked over and completed with a new corrosion resistant chrome alloy production tubing string in accordance with the Company's ongoing corrosion monitoring and infrastructure integrity management system. With the completion of the workover program in Q1 2022, all the producing gas wells in the SS gas field will be equipped with the corrosion resistant tubing strings to ensure continued reliable gas production to the Tanzanian power sector and industrial customers in the Dar es Saleem region. Inlet Compression Project: Initiated in 2019, the $41.5 million inlet compression project is nearing completion, with a potential startup ahead of the contractual April 2022 target, following tie in to the SS gas plant and commissioning planned for early 2022. The inlet compression will allow production volumes to be sustained through the Songas Limited infrastructure at approximately 102 million standard cubic feet per day in the near term. Subject to demand volumes, natural reservoir pressure declines and the associated well performance, the $63 million invested in workovers and inlet compression facilities at the Songas infrastructure when combined with gas supplied to the National Natural Gas Infrastructure will provide the opportunity to initially increase total production capacity from the SS gas field in early 2022. The Company has approved a capital expenditure program of $50 million for 2022, subject to requisite government approvals, equipment and contractor availability. The 2022 program includes $20 million for a 200 km2 3D seismic program over the SS development license, $11.5 million to expand the Company's existing downstream gas distribution system, approximately $7 million for ongoing maintenance and facilities projects and an estimated $11.5 million of expenditures in 2022 associated with the current work over program and inlet compression project. If approved by the Government of Tanzania, the $20 million 3D seismic program will acquire approximately 200 square kilometers of full fold data comprised of marine, near shore transition and land based seismic to properly image the existing SS gas field and the additional contingent/prospective resources in the SS license acreage. The existing seismic data base is a coarse grid of 2D seismic lines of various vintages ranging from 1978 to 2009 which are insufficient to image and resolve the emerging compartmentalization and complexity of the SS gas field identified through annual pressure surveys and pressure transient analysis. The 3D seismic program is required to de-risk both the future development drilling in the SS gas field and potential exploration drilling of prospective resources prior to the SS license expiring in October 2026. Based on historical pressure declines, current reservoir simulation modeling and internal gas demand forecasts, additional drilling will be required to ensure adequate supplies of natural gas in the near term and beyond 2026. Subject to regulatory approvals and contractor availability, the Company is targeting a mid-year commencement of the 3D seismic program to align with seasonal meteorological conditions. The $11.5 million budgeted for the Company's subsidiary, PanAfrican Energy Tanzania Limited's downstream distribution system includes expansion of the Dar es Salaam ring-main pipeline distribution and further expansion of the compressed natural gas virtual pipeline system to supply natural gas to potential industrial customers and expand the use of CNG in the transportation sector. Expansion of the CNG VPL system is subject to commercial negotiations and government approvals. The expansion of PAET's VPL and CNG business will enable the extension of gas supplies, accelerate industrial expansion outside of Dar es Salaam, and more widely avail gas to Mwananchi. Moreover, it will further displace imported expensive liquid fuels with a higher carbon content, assisting Tanzania in reaching its sustainable development goals, including reducing inequalities, promoting decent work and economic growth, and meaningful climate action. Based on historical gas demand and on internal forecasts, Orca forecasts average gross conventional natural gas production of 60 - 66 MMcfd, which will be classified as "Additional Gas" under the terms of the PSA representing a potential 7% increase year-on-year over estimated gross conventional natural gas production of ~ 58 MMcfd in 2021. When combined with an estimated ~ 40 MMcfd of conventional natural gas production, which will be classified as "Protected Gas" under the terms of the PSA, the total average gross conventional natural gas production from the SS gas field is estimated to be ~ 100- 106 MMcfd for 2022. Orca continues to benefit from a robust balance sheet, with cash and cash equivalents of ~ $71.8 million and long-term debt of ~ $44.6 million as at November 29, 2021. The Company anticipates that its planned capital program will be funded from existing working capital and forecast cashflow. The Company has signed several new gas sales agreements in 2021 across numerous industrial sectors, and is in discussion/negotiations with a number of potential new industrial customers looking to convert from expensive imported liquid fuels to domestic natural gas. On November 19, 2021, Orca declared a quarterly cash dividend of $0.10 per share on each of its Class A common voting shares and Class B subordinate voting shares. The dividend will be paid on January 14, 2022 and is expected to be of a similar financial amount to the previous quarterly dividend, with an average yield in 2021 of ~8%. The Company continues to monitor its financial position and will look to balance both investing in production growth at SS, for the benefit of the country's expanding economy, while also returning value to shareholders as appropriate. In accordance with the Company's dividend policy, Orca anticipates maintaining its quarterly dividend.
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OXY | Hot Stocks08:24 EST Occidental Petroleum announces cash tender offers of senior notes - Occidental announced that it has commenced cash tender offers to purchase up to a maximum combined aggregate purchase price of $2.0 billion, including principal and premium but excluding accrued and unpaid interest of its outstanding notes listed in the table below. Subject to the Maximum Purchase Price, the amount of a Series of Notes that is purchased in the Offers will be based on the Acceptance Priority Levels set forth in the table below. The Offers are being made on the terms and subject to the conditions set forth in the Offer to Purchase dated December 2, 2021. Capitalized terms used in this release but not otherwise defined have the meaning given in the Offer to Purchase. Consummation of the Offers and payment for the Notes accepted for purchase are subject to the satisfaction or waiver of certain conditions described in the Offer to Purchase, including the Maximum Consideration Condition, as well as other customary conditions. Subject to applicable law, Occidental has reserved the absolute right, in its sole discretion, at any time, to waive any and all conditions to the Offers, including the Maximum Consideration Condition, with or without extending the Withdrawal Time, extend, terminate, or withdraw any Offer or the Offers, increase or waive the Maximum Purchase Price, with or without extending the Withdrawal Time, or otherwise amend the Offers in any respect. The Offers will expire at 5:00 p.m., New York City time, on December 8, 2021, unless extended or earlier terminated as described in the Offer to Purchase. Holders of the Notes may withdraw their validly tendered Notes at any time at or prior to 5:00 p.m., New York City time, on December 8, 2021, unless extended. Holders are urged to read the Offer to Purchase carefully before making any decision with respect to the Offers.
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YQ | Hot Stocks08:24 EST 17 Education & Technology appoints Minghui Wu to board - 17 Education & Technology Group announced that Minghui Wu has been appointed as a new independent director to the Company's board of directors, effective on December 2, 2021. After the changes, the Board will consist of seven directors, three of whom are independent directors. Wu is chairman and CEO of MiningLamp Technology Co, an artificial intelligence and data analytics company he founded in 2014 that helps public service organizations and businesses with digital transformation. Concurrent with the appointment of Wu, the Board has approved to further update the composition of the Board's committees in furtherance of good corporate governance. The Board's three committees will be fully independent with composition are as follows: Audit Committee: Chair: Bing Yuan; Members: Jiawei Gan, Minghui Wu. Nominating and Corporate Governance Committee; Chair: Jiawei Gan, Members: Bing Yuan, Minghui Wu. Compensation Committee: Chair: Minghui Wu, Members: Bing Yuan, Jiawei Gan
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MEDXF | Hot Stocks08:22 EST Medexus clarifies FDA details on NDA resubmission for treosulfan - Medexus Pharmaceuticals and medac announced that medac clarified with FDA details with regard to the projected NDA resubmission of treosulfan, an alkylating agent licensed from medac to Medexus, following its Type A Meeting with the U.S. Food and Drug Administration . medac requested and was granted a Type A Meeting with the FDA, held on November 23, 2021, to review medac's resubmission plan for its new drug application for treosulfan and to receive the FDA's guidance. Resubmission is required because the FDA previously issued a Complete Response Letter following their review of medac's original treosulfan NDA. Medexus and medac have reviewed the meeting minutes and the proposed pathway for resubmission. The requirements for marketing authorization were discussed and the companies are diligently working to fulfill those requirements. Medexus expects the FDA to make a decision regarding approval of treosulfan within two to six months following the resubmission of the NDA. medac will continue to fund the regulatory costs until approval.
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DCTH | Hot Stocks08:21 EST Delcath Systems announces phase 3 FOCUS study results for Hepzato - Delcath Systems announced positive results from the phase 3 FOCUS study. The FOCUS study's intent-to-treat, ITT, population was comprised of a total of 102 subjects, across various lines of therapy. Of the ITT group, 91 evaluable patients were administered at least one study treatment. Treatment with HEPZATO in the ITT analysis resulted in an objective-response-rate, ORR, of 31.4%, including 6.9% of patients with a complete response, CR. Median duration of response was 14 months, with over half of responders continuing to be monitored for progression events. Disease control rate, DCR, was 65.7%. On the primary ORR endpoint, the lower bound 95% Confidence Interval, CI, of 22.55% exceeded the FOCUS trial's prespecified 8.3% upper bound 95% CI threshold for success. This threshold was derived from a meta-analysis of sixteen checkpoint inhibitor publications documenting the treatment of 476 metastatic ocular melanoma patients. Among patients who received at least one study treatment, patients in the HEPZATO arm had statistically significant improvements over BAC in the following prespecified endpoints: ORR of 35.2% versus 12.5% for the BAC arm; Disease Control Rate of 73.6% versus 37.5% for patients in the BAC arm; and Median Progression Free Survival of 9.03 months versus 3.12 months for the BAC arm. As of this analysis, survival at 12-months in the evaluable patients was 75% in the HEPZATO arm versus 47% for BAC. Delcath will provide future overall survival analysis updates, as patient follow-up continues, and the Kaplan-Meier analysis matures. In the HEPZATO safety population, the most commonly reported treatment-emergent serious adverse events were anemia, thrombocytopenia and neutropenia, which were well-manageable. There were no treatment-related deaths in the trial.
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KR | Hot Stocks08:20 EST Kroger jumps 6% to $42.80 after Q3 results beat estimates, FY21 guidance raised
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FRSH | Hot Stocks08:20 EST Freshworks helps 7-Eleven improve omnichannel customer experience - Freshworks has helped leading global convenience store 7-Eleven create a more delightful digital experience for its customers and franchise partners in the Philippines. Using Freshdesk(R) and Freshdesk Contact Center, 7-Eleven automates and more quickly resolves queries to deliver the same in-store conveniences to their regular customers and online shoppers. Philippines Seven Corp has been the pioneer of 24-hour convenience stores in the country with over 3000 branches. Since launching in the Philippines in 1982, 7-Eleven has been fueled by a desire to bring convenience like never before to its customers. They chose Freshdesk in 2019 to extend this philosophy to its omnichannel customer support. With Freshworks, 7-Eleven was able to consolidate all of its customer support into one platform. The customer care team that handles the general store and payment queries and the CLiQQ group that handles queries related to the 7-Eleven Loyalty program now use Freshdesk. As a result, 7-Eleven now has a unified control center for its customer and partner experiences in the Philippines.
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ENPH | Hot Stocks08:18 EST Enphase Energy announces participation in APS grid services program - Enphase Energy announced its participation in Arizona Public Service's, APS, residential battery pilot grid services program. The program offers homeowners with Enphase IQ Batteries in APS's service territory two ways to participate and earn money through one-time, upfront incentives. Customers who sign up for the program and simply share their data with APS, including basic information about them and their Enphase Energy System, will earn $500 per installed kilowatt of battery capacity with a cap of $2,500 per home. Alternatively, homeowners can enroll in the program, share their data with APS, and allow the utility to use the stored energy from their batteries on demand. Program participants will be enrolled for a term of three years with both options. "Batteries are now discussed in nearly all of our conversations with customers, whether for backup protection or additional savings by using stored solar energy at night," said Ryan Saffarini, chief executive officer at PE Solar. "With this new incentive from APS, the math works out for many more homeowners to add new Enphase IQ batteries to their solar systems."
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XELA | Hot Stocks08:18 EST Exela Technologies announces extension of early tender time, expiration time - Exela Technologies announced that it has further extended the early tender time and the expiration time, in each case, from 5:00 p.m., New York City time, on December 1, 2021 until 5:00 p.m., New York City time, on December 3, 2021 with respect to the previously announced exchange offer by certain of its subsidiaries for the Issuers' outstanding 10.000% First-Priority Senior Secured Notes due 2023 and a solicitation of consents to proposed amendments with respect to the indenture governing the Old Notes as described in the Offering Memorandum. The extension was implemented to accommodate additional tenders after the expiration of the Original Tender Time by certain holders of Old Notes. As of the Original Tender Time, approximately $893.5 million, or 95.5%, of outstanding Old Notes were validly tendered for exchange pursuant to the Exchange Offer. The deadline to validly withdraw tenders of the Old Notes has passed and has not been extended. As of the Original Tender Time, the Issuers have received the requisite consents to the proposed amendments to the indenture governing the Old Notes, including to eliminate substantially all of the restrictive covenants contained in the Old Notes Indenture and the Old Notes, eliminate certain events of default, modify covenants regarding mergers and consolidations and modify or eliminate certain other provisions, including certain provisions relating to future guarantors and defeasance, contained in the Old Notes Indenture and the Old Notes. In addition, all of the collateral securing the Old Notes would be released upon consummation of the Exchange Offer. Old Notes validly tendered and not validly withdrawn at or prior to the Extended Tender Time will still be eligible to receive $900 in cash per $1,000 principal amount of the Old Notes, up to the maximum amount of $225 million in cash. As the cash offer is already oversubscribed, Old Notes validly tendered and not validly withdrawn at or prior to the Extended Tender Time will be accepted for cash on a pro rata basis. The remainder of Old Notes validly tendered and not validly withdrawn at or prior to the Extended Tender Time and not accepted for cash will be exchanged into the Issuers' 11.500% First-Priority Senior Secured Notes due 2026on the basis of $1,000 principal amount of the New Notes for each $1,000 principal amount of outstanding Old Notes. The Company expects settlement for the Exchange Offer to occur promptly after the Extended Tender Time. The Exchange Offer and the Consent Solicitation are being made upon the terms and conditions set forth in the confidential offering memorandum and consent solicitation statement, dated October 27, 2021 as supplemented by Supplement No. 1, dated November 19, 2021 as further supplemented by Supplement No. 2, dated November 26, 2021, and the press releases, dated November 10, 2021, November 19, 2021 and November 26, 2021, relating to the Old Notes. Capitalized terms used but not defined in this press release have the respective meanings ascribed to such terms in the Offering Memorandum.
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GBT | Hot Stocks08:15 EST Global Blood Therapeutics provides $400,000 grant to ASH RC - The ASH Research Collaborative, ASH RC, a non-profit organization established in 2018 by the American Society of Hematology, ASH, and Global Blood Therapeutics announced that GBT will provide a grant of $400,000 to the ASH RC in support of the ASH RC Data Hub Sickle Cell Disease, SCD, program. With the Data Hub SCD program, the ASH RC seeks to advance research and outcomes for people living with SCD by expanding its current data collection of real-world, research-grade data to include more than half of people living with SCD in the United States. "Comprehensive real-world data can empower people with sickle cell disease and their healthcare providers to make decisions regarding their care, while also guiding the development of new treatments and guidelines that we hope will transform SCD into a well-managed disease," said Kim Smith-Whitley, M.D., executive vice president and head of research and development at GBT. "GBT is proud to support the ASH RC and its critical mission to collect real-world data to help address the urgent needs of people with sickle cell disease. There has never been a more important time to advance research initiatives with the potential to improve care and address long-standing gaps in health equity for the SCD community."
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OLK | Hot Stocks08:15 EST Olink participates in proteomics study for heart failure treatment options - Olink Holding announced that its project with Boehringer Ingelheim, assessing the potential utility of protein biomarkers in the empagliflozin EMPEROR studies, recently entered the data analysis phase. Empagliflozin, approved in the US under the tradename JARDIANCE, is a product used to lower blood sugar in patients with type 2 diabetes, and also to reduce the risk of cardiovascular death in those with type 2 diabetes who have known cardiovascular disease. JARDIANCE is also under Priority Review at the US FDA as a potential new treatment to reduce the risk of cardiovascular death plus hospitalization for heart failure in adults with heart failure independent of left ventricular ejection fraction. The sNDA is based on results from the EMPEROR-Preserved Phase 3 trial, in which Jardiance was associated with a 21% relative risk reduction for the composite primary endpoint of cardiovascular death or hospitalization for heart failure in adults with heart failure with LVEF over 40% compared with placebo. Results were independent of ejection fraction or diabetes status. Olink believes this effort represents one of the largest proteomics analysis directed at an approved drug, and that it could provide a better understanding of human biology, drug pharmacodynamic effects, and may also identify biomarkers allowing for better patient stratification. The analysis is being led by Boehringer Ingelheim and Prof Faiez Zannad, one of the principal investigators of the EMPEROR studies, and is being conducted with the Olink Explore platform. The analyses will collect and measure circulating protein biomarkers in 1,500 blood samples from EMPEROR-Reduced and 1,500 blood samples from EMPEROR-Preserved in an effort to reveal a potential mode of action and the underlying biology in patients with heart failure. Sample collection, and proteomic analyses and data delivery occurred during the third quarter of 2021, with analyses now ongoing. It is expected that the results of these analyses will be communicated by Boehringer Ingelheim at a later date.
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COCP | Hot Stocks08:14 EST Cocrystal Pharma to discuss progress with COVID-19 antiviral programs - Cocrystal Pharma announces that President and interim CEO Sam Lee, Ph.D. and CFO and interim CEO James Martin will present a company overview in the Noble Capital Markets Virtual Roadshow Series presented by Channelchek. "We are working diligently toward initiating clinical studies in 2022 with two promising COVID-19 protease inhibitors," said Dr. Lee. "Our antiviral inhibitors have shown broad-spectrum activity in vitro against COVID-19 and its variants, including the now predominant Delta variant. We further intend to use our unique structure-based technology platform to demonstrate antiviral activity against newly emerging variants such as Omicron, which is more complex given its many mutations." Cocrystal is waiting for response from the FDA on its pre-Investigational New Drug briefing packaging for CDI-45205, its COVID-19 protease inhibitor for intranasal/pulmonary delivery. The company plans to submit a second briefing package to the FDA, this one for its orally administered COVID-19 protease inhibitor, in the first half of 2022. In a third COVID-19 program, Cocrystal is using its structure-based technology platform to discover COVID-19 replication inhibitors for oral administration.
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MRUS INCY | Hot Stocks08:12 EST Merus announces poster presentation on MCLA-145 at ESMO-IO - Merus (MRUS) announced the publication of the abstract highlighting interim data, as of a July 14, 2021 cutoff, from the phase 1/2 trial of bispecific antibody MCLA-145 in patients with solid tumors. The e-poster will be presented at the ESMO Immuno-Oncology, ESMO-IO, Congress 2021 being held December 8-11, 2021 in Geneva, Switzerland. Presentation Details: "Phase I Dose Escalation Study of MCLA-145, a Bispecific Antibody Targeting CD137 and PD-L1 in Solid." The phase 1, open-label, single-agent clinical trial of MCLA-145 is ongoing. The trial consists of a dose escalation phase, followed by a planned dose expansion phase. MCLA-145 is the first drug candidate co-developed under Merus' global collaboration and license agreement with Incyte (INCY).
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KR | Hot Stocks08:11 EST Kroger reports Q3 gross margin 21.66% of sales - Gross margin was 21.66% of sales for the third quarter. The FIFO gross margin rate, excluding fuel, decreased 41 basis points compared to the same period last year. This decrease primarily related to higher supply chain costs and continued price investments partially offset by sourcing benefits.
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QNTA | Hot Stocks08:11 EST Quanta's Medolife Rx announces results of study of CBD-based Muscle Rub - Medolife Rx announced that it has completed a study on its polarized cannabidiol muscle rub product, sold under the brand Aelia. The study reports that Aelia products are up to 604.7% stronger than with other non-polarized CBD products currently available on the market included in the test by analyzing the effectiveness of the product in reducing inflammation through the inhibition of cyclooxygenase-2 enzyme activity in the human body. The Company identified 3 best-selling muscle rubs with CBD to perform a comparison study with Aelia CBD Muscle Rub. Samples were tested using COX-2 fluorescent assay and read using SpectromaxID3. Data analyzing was supervised by third party scientist from BCN Biosciences, Elizabeh Singer, PhD. Data showed an increase from 97.7 up to 604.7% in inhibition of COX2 enzyme in the Aelia brand product when compared to other products in this study. The inhibition of the enzyme is believed to be an effective treatment for inflammation. CBD is being studied by various organizations for its potential role in COX-2 inhibition. Through the Company's polarization process, the potency of the CBD in Medolife's products is significantly increased, lending to the theory that inhibition of COX-2 enzymes by polarized CBD would result in the reduction of pain and inflammation. The Company plans to further investigate the effectiveness of the polarization technology in different applications of pain relief, chemotherapy, ribosome-based drug development, and more. Medolife also conducted studies testing the efficacy of polarized CBD, polarized Ibuprofen, the Company's lead drug candidate Escozine, and more. The results further suggest the success in which the polarization process increases the potency of active pharmaceutical ingredients.
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HUGE | Hot Stocks08:10 EST FSD Pharma demonstrates 'positive effects' of Lucid-MS in pre-clinical models - FSD Pharma announced that it is sharing pre-clinical data, supported by an explanatory video, demonstrating the potentially disease-modifying effects of Lucid-MS, the Company's lead drug candidate for the potential treatment of multiple sclerosis , in the animal models of MS. Based on more than a decade of research, Lucid-MS is a patented neuroprotective new chemical entity that affects protein citrullination and myelin structure, which are associated with the severity of MS lesions. In order to demonstrate the unique potential therapeutic value of this Lucid-MS, the Company has released a video explaining its pre-clinical results, including visual evidence of functional recovery on pre-clinical subjects, which can be accessed here. The featured study uses an Experimental Autoimmune Encephalitis mouse model, a commonly used immune-mediated mouse model of MS. MS is typically characterized as an autoimmune disease. Ten days following immunization with the antigen, mice received 1 milligram of Lucid-MS or saline ..."Lucid-MS has demonstrated the potential to prevent the degradation and help re-establish myelin which is evidenced by the functional recovery of mice as well as immunohistochemistry in this study, and several other studies in preclinical animal models," said Dr. Lakshmi P. Kotra, Ph.D., Chief Executive Officer of Lucid Psycheceuticals , FSD Pharma's wholly-owned subsidiary. "This effect holds good promise for further development as a potential treatment for MS, and the biochemical mechanism of Lucid-MS represents a potential industry first in treating MS. We are eager to advance Lucid-MS to the clinic as quickly as we can."
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IMMP | Hot Stocks08:10 EST Immutep announces no additional safety signals observed in INSIGHT-003 study - Immutep announces the first five patients have been treated in the INSIGHT-003 study. No additional safety signals have been observed in the study which is the first time a triple combination therapy consisting of eftilagimod alpha and an existing approved standard of care combination of chemotherapy and an anti-PD-1 therapy has been administered. INSIGHT-003 is evaluating a triple combination therapy consisting of efti in conjunction with an existing approved standard of care combination of chemotherapy and anti-PD-1 therapy. The study will continue to recruit up to 20 patients with various solid tumours and additional results are expected in calendar year 2022.
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GLG | Hot Stocks08:10 EST TD Holdings enter into LOI for RMB300M special fund for digital cloud warehouse - TD Holdings and its wholly owned subsidiary, Shenzhen Baiyu Jucheng Data Technology - BJDT -, have entered into a non-binding letter of intent with Shenzhen Meifu Capital Management - SMCM -, a private equity investment management institution and a pioneer in guiding government investment funds in South China, to launch a RMB300M special fund to accelerate development of a digital cloud warehouse. The Project is specifically used to build the company's digital cloud warehouse platform, which utilizes Internet of Things and blockchain technology to record and track the data of its commodities warehouse, including inventory, logistics, transaction, and financing to ensure that the data is accurate and valid and cannot be tampered with. Pursuant to the LOI, the company, BJDT, and SMCM agree to establish a joint venture fund company with an estimated total size of RMB300M. The company and BJDT agree to be responsible for the Fund's operations and contribute 20% to the Fund's registered capital, while SMCM agrees to contribute 80% to the Fund's registered capital. Both parties agree to appoint managers and professionals to the new company to manage the fund.
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CERT | Hot Stocks08:09 EST Certara announces release of Simcyp Simulator Version 21 - Certara announced the release of Simcyp Simulator Version 21, which updates the Company's population-based modeling and simulation platform. The Simcyp Simulator is used throughout the drug development process to evaluate new drug formulations, determine first-in-human dosing, optimize clinical study design and predict drug-drug interactions. Certara's Simcyp physiologically-based pharmacokinetic Simulator models describe the behavior of drugs in different body tissues and include genetic, physiological and epidemiological databases that facilitate simulations in virtual populations. The Simcyp Simulator has been used to inform more than 250 label claims for 85+ novel drug approvals by the US Food and Drug Administration. These were achieved virtually, using PBPK modeling and simulation in lieu of performing clinical trials.
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INVE | Hot Stocks08:09 EST Identiv names Justin Scarpulla as CFO, effective December 6 - Identiv announced Justin Scarpulla will be appointed as CFO, effective December 6. Scarpulla brings more than 25 years of financial leadership experience to Identiv. He joins Identiv from SpaceX.
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ONTX | Hot Stocks08:08 EST Onconova presents preliminary data on rigosertib in RDEB-associated SCC - Onconova Therapeutics announced that early preliminary data from an investigator-initiated Phase 2 open label trial of rigosertib monotherapy in advanced squamous cell carcinoma complicating recessive dystrophic epidermolysis bullosa were presented at the Austrian Society of Dermatology and Venerology Annual Conference 2021, which took place from November 25 - 27, 2021. RDEB is an ultra-rare condition caused by a lack of type VII collagen protein expression. Type VII collagen protein is responsible for anchoring the skin's inner layer to its outer layer, and its absence leads to extreme skin fragility and chronic wound formation in RDEB patients. Over time, many of these patients develop squamous cell carcinomas that typically arise in areas of chronic skin wounding and inflammation. Preclinical investigations demonstrated overexpression of polo like kinase 1 in RDEB-associated SCC tumor cells. These tumors show a highly aggressive, early metastasizing course, making them the primary cause of death for these patients, with a cumulative risk of death of 70% and 78.7% by age 45 and 55, respectively. These neoplasms show limited response rates of mostly short duration to conventional chemo- and radiotherapy as well as targeted therapy with epidermal growth factor and tyrosine kinase inhibitors. Data from the recent presentation are from a 24-year-old RDEB patient with a history of multiple, unresectable SCCs that were unresponsive to prior treatments including cemiplimab. Results showed that intravenously administered rigosertib had an acceptable safety profile and that the patient experienced sustained clinical and histological remission of all target lesions without signs of metastatic disease following 13 treatment cycles. The patient remains on study and the trial remains ongoing. The enrollment of additional patients is anticipated at sites in Salzburg, Austria; London, UK; and Philadelphia, Pennsylvania.
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KR | Hot Stocks08:07 EST Kroger sees FY21 two-year identical sales stack 13.7%-13.9% - Comments from CFO Gary Millerchip: "Driven by the momentum in our third quarter results and sustained food at home trends, we are raising our full-year guidance. We now expect our two-year identical sales stack to be in the range of 13.7% to 13.9%. We expect our adjusted net earnings per diluted share to be in the range of $3.40 to $3.50. Kroger is executing against its key financial and operational initiatives and continues to invest in strategic priorities that will drive attractive and sustainable total shareholder returns. We believe our business is emerging stronger through the pandemic and is well positioned to grow beyond 2021."
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CBT | Hot Stocks08:06 EST Cabot provides three year targets at investor day - Cabot provided a review of the company's updated growth strategy and financial targets at its investor day. The company announced a three year target adjusted EPS CAGR of 8%-12%. Additionally, the company introduced a three year target cumulative discretionary free cash flow of $1B. "Cabot is well-positioned for the next phase of growth and shareholder value creation as we execute our new 'Creating for Tomorrow' strategy. We will continue to drive our industry-leading businesses to achieve the next set of strategic objectives, which include growing our differentiated product lines, investing in higher margin applications and generating discretionary free cash flow in excess of $1 billion over the next three years. As we execute this strategy, we remain committed to maintaining an investment grade credit rating and returning capital to shareholders," said Sean Keohane, president and CEO.
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MGA | Hot Stocks08:06 EST Magna secures business for Hybrid Dual-Clutch Transmission Program - Magna confirmed that it has received a Hybrid Dual-Clutch Transmission award from Mercedes-Benz for next generation compact and mid-size vehicles, further demonstrating Magna's continuing transformation in the electrification of Magna's powertrain expertise is supplying power to the wheels, regardless of the power source. The company is able to supply traditional products as well as electrified components and systems to automakers as they migrate their vehicle offerings toward hybrid and electric vehicles. Two other HDT programs will launch in the coming months with global OEMs as the company further extends its foothold into powertrain electrification.
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ONTF | Hot Stocks08:06 EST On24 announces $50M share repurchase program - ON24 announced that its Board of Directors has authorized a share repurchase program where ON24 may purchase up to $50M of its common stock. "This share repurchase program reflects our confidence in ON24's long-term growth potential and strategy, which we believe is not reflected at the current market valuation. Our strong balance sheet allows us to implement this repurchase program as we continue to invest and build our platform for the future, as well as maintain flexibility to pursue new strategic opportunities," said Sharat Sharan, CEO of ON24. Under the repurchase program, ON24 may purchase shares of common stock on a discretionary basis from time to time through open market repurchases, privately negotiated transactions, or other means, including through Rule 10b5-1 trading plans. The repurchase program has an 18-month term and ON24 expects repurchases under the program to extend over multiple quarters. The timing and number of shares repurchased under the program will depend on a variety of factors, including stock price, trading volume, and general business and market conditions. The repurchase program does not obligate ON24 to acquire any particular amount of common stock and may be modified, suspended, or discontinued at any time at the company's discretion. Repurchases under this program will be funded from the company's existing cash and cash equivalents or future cash flow. As of September 30 , ON24 had $399.7M in cash, cash equivalents, and marketable securities.
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DRIO | Hot Stocks08:06 EST DarioHealth awarded two new contracts for digital therapeutics - DarioHealth announced new contracts to provide its digital therapeutics beginning in 1Q22. The new clients include a regional employer contract for behavioral health, and a strategic partnership in the provider market that will allow Dario solutions to be sold through a network of practices across the U.S. The two new contracts bring its total signed clients to date to more than 50. Dario's digital therapeutic platform provides proven support for people living with diabetes, pre-diabetes, hypertension, weight management, musculoskeletal and behavioral health needs.
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BBKCF | Hot Stocks08:05 EST Bigg Digital Assets announces C$100,000 investment in TerraZero - BIGG Digital Assets is pleased to announce its strategic investment of CAD $100,000 in TerraZero Technologies Inc's recent private financing round. TerraZero Technologies' vision is to Develop, Acquire, and Finance the Metaverse's most promising companies, entrepreneurs, and developers. We build solutions to further enhance the Metaverse usability for greater community engagement, and to connect the real world to the Metaverse, for the creation of new economies and user experiences that will shape the future of web 3.0
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BEEM | Hot Stocks08:04 EST Beam Global says NYC expands fleet of EV ARC charging systems - Beam Global announced that New York City has deployed additional Beam Global EV ARC solar-powered EV charging systems, expanding their fleet of the Beam systems to 89. The new units are flood-proof to 9.5 feet, wind-rated to 120 mph and feature an emergency power panel to serve as emergency preparedness equipment for fleet operators and first responders during grid failures and extreme weather events. The EV ARC systems are transportable, off-grid and require no construction, permitting or electrical work, providing City fleet vehicles with access to clean, resilient EV charging. New York City is Beam's largest municipal customer with 89 units deployed. This deployment is Beam's EV ARC 2020 model that has a streamlined design, higher performance and flood protection up to 9.5 feet, suitable for areas of the City prone to high water levels during storms like Hurricane Ida. Beam Global views its ability to continue to provide vital EV charging during extreme weather and other grid failure events as an important differentiator and competitive advantage over traditional grid tied systems with both government and enterprise customers.
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REPL | Hot Stocks08:04 EST Replimune Group appoints Christy Oliger to board of directors - Replimune Group announced the appointment of Christy Oliger to the Company's Board of Directors effective December 1, 2021. Previously Oliger was Senior Vice President of the Oncology Business Unit at Genentech responsible for all commercial activities in the US.
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APO | Hot Stocks08:02 EST Apollo Global to acquire Griffin Capital, terms not disclosed - Apollo announced that it has entered into a definitive agreement to acquire the US wealth distribution and asset management businesses of Griffin Capital. The acquisition is a significant step in building Apollo's Global Wealth Management Solutions business, which is focused on the development and distribution of alternatives to individual investors and their wealth advisors. Established in 1995, Griffin has a long and successful track record of providing alternative investment solutions to advisors across the US. Griffin's approximately 60 client-facing distribution professionals work across the wealth management landscape and are particularly well-established in the independent channel, a complement to Apollo's focus to-date on private banks, wirehouses, RIAs and family offices. Apollo intends to integrate the team into its Global Wealth business, rapidly scaling the strategic initiative. The acquisition also adds valuable technology, infrastructure and hundreds of distribution agreements to the Global Wealth platform. In addition, Apollo will acquire Griffin's asset management business, which includes a strong investment team and over $5 billion of AUM in individual investor-focused products. Griffin, a pioneer in bringing alternatives to individual investors, was one of the earliest firms to launch the interval fund structure. The transaction is Apollo's largest investment in Global Wealth to-date and follows significant new hires at the firm, including Howard Nifoussi joining as US Head of Global Wealth, focused on private bank and wirehouse channels, and Jason Singer joining as Global Head of Product Development and Innovation. Most recently, Apollo hired Edward Moon who will join the firm as Head of Asia Pacific for Global Wealth in Hong Kong. The firm has been building its pipeline of alternative solutions for individual investors. Last month, Apollo launched the Apollo Debt Solutions BDC with a global bank platform and expects to continue the launch with multiple banks and independent channel partners into next year. Financial terms of the transaction were not disclosed. Consideration for the acquisition will be all stock. The transaction is expected to be approximately breakeven to Apollo's after-tax distributable earnings per share of Class A common stock in 2022 and a meaningful driver of earnings and growth from Apollo's Global Wealth Management Solutions business in the years ahead. The transaction is subject to customary closing conditions, including approval by stockholders of the Griffin Institutional Access Real Estate Fund and the Griffin Institutional Access Credit Fund, and also to the closing of the previously announced merger of Apollo with Athene Holding Ltd. The Griffin transaction is expected to be completed by the first half of 2022. The acquisition of Griffin, in conjunction with the merger with Athene, represents a continuation of the evolution of Apollo toward a global, fully integrated alternatives firm serving both institutional and retail clients across both asset management and retirement services.
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VIVO | Hot Stocks08:02 EST Meridian Bioscience's CFO Bryan Baldasare retiring - Meridian Bioscience CFO and Secretary Bryan Baldasare will retire from Meridian effective December 31. The company is engaging an executive search firm in the recruitment of a new CFO and appointed Julie Smith to the position of Senior VP, Controller, effective December 6, 2021, and principal accounting officer, effective January 1, 2022. Baldasare joined Meridian in 2000 and has served as CFO since July 2019.
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UIS | Hot Stocks08:00 EST Unisys awarded 10-year extension by New Zealand's Waka Kotahi Transport Agency - Unisys announced that New Zealand's Waka Kotahi NZ Transport Agency has awarded the company a 10-year extension of its engagement to manage IT infrastructure that supports systems processing approximately 25 million driver's licenses and 60 million motor vehicle transactions per year. Waka Kotahi is the national agency responsible for delivering a safe, sustainable and resilient land transport system. Unisys has worked with the agency for nearly 30 years, providing enterprise computing solutions. Those include support for the Registry Suite, a group of systems for vehicle and driver safety programs through which agents, commercial customers and the public interact with the agency. Under the extension contract, awarded in Q3, Unisys will provide application services to support the Registry Suite, and transition the supporting infrastructure from Unisys facilities to two All of Government co-located facilities providing Infrastructure as a Service, which Unisys will manage.
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NETI | Hot Stocks07:55 EST Eneti announces contract for Wind Turbine Installation Vessel - Eneti announced that it entered into a binding agreement for the construction of one Wind Turbine Installation Vessel. The Company has exercised an option it held with Daewoo Shipbuilding and Marine Engineering for the construction of one WTIV. The contract price is $326.0 million, and the Vessel will be delivered early in the second quarter of 2025. The Vessel is an NG-16000X design by GustoMSC and includes a 2,600 Ton Leg Encircling Crane from Huisman Equipment B.V. of the Netherlands. The Vessel is capable of installing up to 20 Megawatt turbines at depths of up to 65 meters of water, and it can be adapted to operate on the alternate fuels of LNG or Ammonia.
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DCTH | Hot Stocks07:55 EST Delcath Systems Inc trading halted, news pending
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MCS | Hot Stocks07:48 EST Marcus Theatres announces 'strong' ticket sales for 'Spider-Man: No Way Home' - Marcus Theatres, a division of Marcus, announced that "Spider-Man: No Way Home" secured the most advance ticket sales for the company since "Avengers: End Game" in 2019. Tickets went on sale on "Spider Monday," November 29, and continue to be strong as guests make their way back to theatres. In just the first two days, an overwhelming 72% of the tickets sold were for UltraScreen DLX, SuperScreen DLX and IMAX auditoriums across the circuit.
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CLS | Hot Stocks07:48 EST Celestica announces TSX acceptance of normal course issuer bid - Celestica announced that the Toronto Stock Exchange has accepted the Company's notice to launch a Normal Course Issuer Bid. Under the Bid, the Company may, and intends to, repurchase on the open market, at its discretion during the period commencing on December 6, 2021 and ending on the earlier of December 5, 2022 and the completion of purchases under the Bid, up to 8,987,310 subordinate voting shares, representing approximately 10% of the "public float" of the subordinate voting shares, subject to the normal terms and limitations of such bids. Under the TSX rules, the average daily trading volume of the subordinate voting shares on the TSX during the six months ended November 30, 2021 was 208,859 and, accordingly, daily purchases on the TSX pursuant to the Bid will be limited to 52,214 subordinate voting shares, other than purchases made pursuant to the block purchase exception. The actual number of subordinate voting shares which may be purchased pursuant to the Bid and the timing of any such purchases will be determined by the management of the Company, subject to applicable law and the rules of the TSX. In accordance with the TSX rules, the maximum number of subordinate voting shares which may be repurchased for cancellation under the Bid will be reduced by the number of subordinate voting shares purchased for delivery pursuant to stock-based compensation plans. Purchases are expected to be made through the facilities of the New York Stock Exchange and the TSX and other alternative trading systems in Canada, at prevailing market prices, including through one or more automatic share purchase plans. The Bid will be funded using existing cash resources and draws on its credit facility, and any subordinate voting shares repurchased by the Company under the Bid will be cancelled. As of November 30, 2021, the Company had 106,112,145 issued and outstanding subordinate voting shares and a "public float" of 89,873,105 subordinate voting shares. The Company believes that the purchases are in the best interest of the Company and constitute a desirable use of its funds. The Company previously implemented a normal course issuer bid for its subordinate voting shares which expired on November 23, 2021. Under its prior bid, the Company was authorized to purchase up to 9,021,320 subordinate voting shares and repurchased and cancelled 4,377,739 subordinate voting shares at a weighted average price of US$8.21 per share. In the past 12 months, the Company repurchased 802,000 subordinate voting shares for delivery pursuant to the Company's stock-based compensation plans.
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IIVI | Hot Stocks07:47 EST II-VI announces proposed $990M notes offering - II-VI Incorporated announced that it plans to offer $990M aggregate principal amount of senior notes due 2029 in a private transaction exempt from the registration requirements of the Securities Act of 1933, as amended. The Notes will be guaranteed by each of the Company's material wholly owned domestic subsidiaries, subject to customary exceptions. The Company intends to use the proceeds from the offering of the Notes to fund the cash consideration, the repayment of certain indebtedness and certain fees and expenses in connection with the Company's previously announced pending business combination with Coherent, pursuant to an Agreement and Plan of Merger, dated March 25, 2021, by and among the Company, Coherent and Watson Merger Sub Inc., a wholly owned subsidiary of the Company.
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RVLGF | Hot Stocks07:43 EST Revival Gold announces results from drill hole at Beartrack-Arnett Gold Project - Revival Gold announces results from the final drill hole completed in the Joss target area as part of this year's exploration program at the Beartrack-Arnett Gold Project located in Idaho, USA. Drilling returned broad, high-grade intercepts which underscore the underground mining potential of this 1 km long zone at Beartrack-Arnett. Highlights: 4.34 g/t gold over 110.6 meters including 12 g/t gold over 13.7 meters and 8.8 g/t gold over 11.8 meters in BT21-240D; BT21-240D intersected the Panther Creek Shear Zone in the Joss target area at about 430 meters downhole mid-way along strike between drill holes BT21-237D and BT21-238D; and, Further analysis and interpretation are pending. "This is a game-changing hole as it hosts the highest-grade gold intersections released to date from the Joss target area. With BT21-240D we are now beginning to see the full potential of the Beartrack-Arnett gold project", said Hugh Agro, President & CEO. "The high grades and substantial widths of mineralized structure encountered in BT21-240D reinforce our enthusiasm for the project's underground potential and the possibility of it being developed into a highly profitable and long-life mining operation. We have had a very high success rate drilling in the PCSZ along more than 5 km of strike and we look forward to the resumption of drilling at Joss in the new year," added Agro.
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REKR | Hot Stocks07:41 EST Rekor Systems awarded patent for algorithm that detects traffic congestion - Rekor Systems has been awarded a patent for an algorithm that is helping cities take action against irregular traffic congestion with AI-based predictive insights. Irregular or non-recurring congestion refers to traffic congestion that is outside of the norm.U.S. Patent number 11,100,793 B2, granted for the company's "System and Method for Detection and Quantification of Irregular Traffic Congestion," is an algorithm that takes historical and real-time data from internal and external sources and turns it into a time-based, dynamic model that identifies anomalies in traffic patterns. The company's technology then generates a warning for users, such as traffic management centers, to investigate the root cause of the anomaly and take action to address it."We have deployed this algorithm in our technology on behalf of city, state and regional governments in the U.S., Israel and Sweden, along with private sector organizations, to identify congestion that is unusual compared to normal periods of heavier traffic like rush hour or holiday travel," said Shai Maron, vice president of engineering, Rekor. "Results in pilot programs and other deployments consistently show significant increases in the identification of irregular congestion, which allows us to alert customers in real-time so they can take immediate action to alleviate it. It also helps them learn more about their instances of non-recurring congestion so they can better plan for future roadway and infrastructure improvements."
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ASTL DNIYY | Hot Stocks07:40 EST Algoma selects Danieli as technology provider for new EAF steelmaking facility - Algoma Steel Group (ASTL) announced that it has selected Danieli & C. Officine Meccaniche (DNIYY) as the sole technology provider for their new electric arc, EAF, steelmaking facility. "After a rigorous review of world class suppliers, Danieli's proven AC-Digimelter technology powered by Q-One digital power systems was determined to be the best choice for Algoma's needs as it transitions away from basic oxygen steelmaking," the company said. The transformation is expected to reduce Algoma's carbon emissions by approximately 70%, positioning Algoma as one of North America's leading providers of green steel. The new green steel shop will have a design capacity of 3.7M tons of liquid steel with two 250-ton electric arc furnaces at its core, powered by two Q-One digital power systems with a rated capacity in excess of 190 MVA each. The new EAF will be designed to produce high quality liquid steel from recycled steel scrap, with the option for the direct addition of a wide range of other iron inputs. The new technology is optimized for process quality, low operating costs, and enhanced safety through the extensive application of mechatronic technologies. The facility design includes an automated scrap yard featuring automatic cranes, scrap visual recognition, and automatic scrap sorting and charging. A new Danieli Twin-Tank Vacuum Degasser with an oxygen blowing facility will also be added. The new electric arc facility is expected to be in operation in early 2024.
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SAIA | Hot Stocks07:37 EST Saia reports November LTL shipments per workday increased 3.7% - Saia is providing LTL shipment and tonnage data for the first two months of the fourth quarter. In October 2021, final LTL shipments per workday increased 1.3%, LTL tonnage per workday increased 9.7% and LTL weight per shipment increased 8.3% to 1,425 pounds compared to 1,316 pounds in October 2020. In November 2021, LTL shipments per workday increased 3.7%, LTL tonnage per workday increased 9.3% and LTL weight per shipment increased 5.4% to 1,413 pounds compared to 1,341 pounds in November 2020.
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GLUE | Hot Stocks07:37 EST Monte Rosa Therapeutics appoints Jullian Jones as Chief Business Officer - Monte Rosa Therapeutics announced the promotion of Jullian Jones, Ph.D., J.D., MBA, to Chief Business Officer. Dr. Jones, who previously served as Senior Vice President, Head of Business Development, has over a decade of experience directing development and partnership transactions within the life sciences industry.
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HUT | Hot Stocks07:37 EST Hut 8 Mining provides production update for November - Hut 8 Mining provided a corporate update. In November, 265 Bitcoin were mined, resulting in an average production rate of 8.83 Bitcoin per day; 100% of the self-mined Bitcoin for the month of November were deposited into custody, total Bitcoin balance held in reserve is 5,242 as of November 30; the company completed the deployment of high-performance NVIDIA chips at Hut 8's site in Medicine Hat, Alberta. The company has deployed the NVIDIA CMPs to mine the Ethereum network via Luxor pool, and is receiving payouts in Bitcoin. Based on current mining economics this equates to approximately 1.8 - 2.0 additional Bitcoin per day. Hut 8 currently has an installed hashrate of approximately 1.7 EH/s, which includes the converted hashrate from its fleet of CMPs.
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SLG | Hot Stocks07:35 EST SL Green Realty board authorizes reverse stock split - To mitigate the dilutive impact of the SLG common stock issued in the special dividend, SL Green's board of directors also authorized a reverse stock split, which will be effective on January 21, 2022. The split ratio for the reverse stock split will be determined promptly after the close of business on January 10, 2022. The board of directors also authorized and declared the quarterly dividend on the Company's Series I Preferred Stock for the period October 15, 2021 through and including January 14, 2022, of $0.40625 per share, payable in cash, which is the equivalent of an annualized dividend of $1.625 per share. The dividend is payable on January 18, 2022 to stockholders of record at the close of business on December 20, 2021.
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XLO | Hot Stocks07:35 EST Xilio Therapeutics expects cash, cash equivalents to fund into 2024 - Cash and cash equivalents were $99.8M as of September 30, 2021, compared to $19.2M as of December 31, 2020. Cash and cash equivalents as of September 30, 2021 do not include $116.3M in estimated net proceeds from Xilio's October 2021 IPO. Xilio believes that its existing cash and cash equivalents, together with the net proceeds from its IPO, will enable it to fund its operating expenses and capital expenditure requirements into 2024.
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OMER | Hot Stocks07:35 EST Omeros to sell Omidria to Rayner Surgical for $125M upfront - Omeros announced that it has entered into a definitive agreement for the sale of Omidria to Rayner Surgical. Expected to close on or before December 31, the transaction includes an upfront payment of $125M with an additional $200M in a commercial milestone payment. Omeros will also retain its accounts receivable balance at the closing, which was $34M at the end of last quarter. Together with substantial royalties to be paid by Rayner to Omeros on net sales of Omidria, the transaction is valued in excess of $1B. Rayner will pay Omeros royalties on both U.S. and ex-U.S. net sales of Omidria. In the U.S., the royalty rate will be 50% of U.S. net sales until the earlier of either January 1, 2025 or payment of the $200M commercial milestone, after which Omeros will receive royalties of 30% of U.S. net sales for the life of Omidria's U.S. patent estate. The commercial milestone payment is triggered if separate payment for Omidria is secured for a continuous period of at least four years. Outside of the U.S., Omeros will receive a 15% royalty rate on Omidria net sales throughout the applicable patent life on a country-by-country basis. Omidria will become a key product in Rayner's ophthalmology franchise, which includes intraocular lenses, ophthalmic viscoelastic devices and dry eye treatments. As part of the agreement, Rayner will acquire the Omidria commercial organization, including the Omidria sales force. In addition, Rayner plans to expand the sales force in both the U.S. and ex-U.S., further strengthening its commercial presence internationally and further accelerating U.S. market growth of Omidria. The transaction is subject to customary closing conditions, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
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SLG | Hot Stocks07:35 EST SL Green Realty declares special dividend of $2.4392 per share - The Company announced that, as a result of extraordinary gains on asset dispositions in 2021, the board of directors has authorized and declared a special dividend of $2.4392 per share, comprised entirely of SLG's common stock, to be calculated as described below, which is payable on January 18, 2022 to stockholders of record on the Record Date. Stockholders will, therefore, receive a total dividend with a value of $2.75 per share, representing the sum of the monthly ordinary dividend and the special dividend. The number of shares issued for the special dividend will be calculated based on the volume weighted average trading price of SLG's common stock on the New York Stock Exchange between January 5-7, 2022. Stockholders can elect to receive the total dividend in the form of all cash or all stock, subject to proration if either option is oversubscribed.
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SLG | Hot Stocks07:34 EST SL Green Realty raises annual ordinary dividend to $3.73 per share - SL Green Realty announced that its board of directors has increased the annual ordinary dividend on SL Green's common stock and units of its operating partnership by 2.5%, to $3.73 per share. The ordinary dividend will continue to be paid in cash on a monthly basis. The first monthly ordinary dividend of $0.3108 per share is payable on January 18, 2022 to stockholders of record at the close of business on December 15, 2021.
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XLO | Hot Stocks07:34 EST Xilio Therapeutics announces anticipated milestones for 2022 - Xilio currently anticipates the following milestones in 2022: Initiation of a Phase 1/2 clinical trial to evaluate XTX202 in multiple solid tumor types in the first quarter of 2022; Presentation of preliminary data for the monotherapy cohort of the Phase 1/2 clinical trial evaluating XTX101 in patients with advanced solid tumors in the middle of 2022; Presentation of preliminary Phase 1 data for XTX202 in patients with multiple solid tumor types in the second half of 2022; Presentation of preliminary data from the combination cohort for the Phase 1/2 clinical trial evaluating XTX101 in patients with advanced solid tumors in the second half of 2022; and Submission of an IND for XTX301 in the second half of 2022.
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SNGX | Hot Stocks07:33 EST Soligenix's single vial vaccine shows 100% protection against Sudan ebolavirus - Soligenix reported 100% protection of non-human primates against lethal Sudan ebolavirus challenge using a bivalent, thermostabilized vaccine formulated in a single vial, reconstituted only with water immediately prior to use. This milestone is part of an ongoing collaboration with the University of Hawaii at Mnoa. It further demonstrates the applicability of the vaccine platform, and its potential role in the US government's initiative for pandemic preparedness. This same heat stable vaccine platform has also been applied to the development of a COVID-19 vaccine, CiVax, which the company anticipates testing against the new omicron variant, having shown immunogenicity against previous variants including delta. The antigens and adjuvants used in this study have been previously shown to protect NHPs from subsequent infection, and represent the only recombinant subunit vaccines that have demonstrated efficacy against Zaire ebolavirus and other filoviruses in NHPs.
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GERN | Hot Stocks07:33 EST Geron appoints Edward Koval as EVP and Chief Business Officer - Geron announced the appointment of Edward Koval as Executive Vice President and Chief Business Officer. "Ed Koval's business development expertise, extensive industry network and successful track record in corporate deal-making further strengthens our executive team," said John A. Scarlett, M.D., Chairman and Chief Executive Officer. "With top-line results from our IMerge Phase 3 trial in lower risk MDS expected 13 months from now, and an interim analysis of our ongoing IMpactMF Phase 3 trial in refractory myelofibrosis expected in 2024, Ed will be a key member of our executive management as we explore multiple strategies to build and accrete value in both our imetelstat and telomerase inhibitor franchises."
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TLRY | Hot Stocks07:33 EST Tilray's Aphria launches medical cannabis oral strips - Tilray announced that its medical subsidiary, Aphria, has launched medical cannabis oral strips in THC and CBD-rich varieties. Powered by QuickStrip's proprietary technology, each Aphria medical strip contains a thin, edible film that contains rapidly dissolving, micronized cannabinoids that absorb directly into the bloodstream, providing patients with a fast-acting, convenient, and precise dosing experience for relief from a range of conditions. The strips, which are now available throughout Canada, are available in three different cannabis ratios: THC 10, CBD 20:1, and THC:CBD 10:10. Each pack of Aphria oral strips comes with 30 individually wrapped strips for precise, single-dose delivery.
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CME | Hot Stocks07:33 EST CME Group reports November ADV increased 20% to 23.1M contracts - Additional November product highlights compared to November 2020 include: Overall ADV increased 20%; Options ADV increased 59%.
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SAWLF | Hot Stocks07:32 EST Shawcor prices C$150M unsecured note offering - Shawcor announced that it has entered into an underwriting agreement to sell, pursuant to a private placement offering, C$150M aggregate principal amount of 9.00% senior unsecured notes due 2026. The Notes will be issued at a price of C$1,000 per C$1,000 principal amount of Notes. Shawcor will use the net proceeds of the Offering to repay amounts outstanding under its existing syndicated credit facilitCy. oncurrent with issuance of the Notes, Shawcor will amend the Existing Facility to reduce the availability under the Existing Facility from US$500M to US$300M and, in the near future, expects to extend its term. The Company will provide further information in due course. The Notes are being offered through a syndicate of underwriters led by National Bank Financial and TD Securities.
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CVGI | Hot Stocks07:31 EST Commercial Vehicle Group announces new Chief Commercial Officer - CVG announced that it has formed a new enterprise-wide global leadership position of Chief Commercial Officer, CCO, and has appointed Rich Tajer as its first CCO. Rich Tajer will also continue to be Business Leader of Electrical Systems. In this expanded role, Tajer will continue to report to Harold Bevis, President and Chief Executive Officer.
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FLGC | Hot Stocks07:31 EST Flora Growth announces orders for Spanish, Mexican markets - Flora Growth announced that its Flora Beauty division has received initial orders for its Mind Naturals and Awe CBD skincare brands. These initial orders are for the Spanish and Mexican markets and will be exported in December. Evergreen CBD has issued an initial purchase order for select Mind Naturals products for the Mexican market, while Amma Spain has issued an initial purchase order for both Mind Naturals and Awe products for the Spanish market.
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NVS | Hot Stocks07:28 EST Novartis says 'confident' to grow sales at 4%+ CAGR through 2026 - Novartis will be holding an investor event to provide an overview of the company's progress in advancing its "industry-leading R&D engine," along with which Vas Narasimhan, CEO of Novartis, said: "Novartis has transformed to become a focused medicines company, building depth in our core therapeutic areas and strength across key technology platforms. We expect to continue delivering strong operational performance, with 4%+ CAGR through to 2026, driven by the momentum of our multi-billion dollar in-market growth drivers. Up to 20 new assets with significant sales potential could be approved by 2026, which will fuel the next phase of growth and address major unmet needs. We are building the foundation for long-term differential growth by investing in advanced technology platforms and data science. Novartis remains disciplined and shareholder focused in its capital allocation priorities, as we continue to deliver on our strategy" Novartis noted that Cosentyx, its "largest medicine by sales," showed topline results in moderate to severe hidradenitis suppurativa, or HS, a potential new indication. Two Phase 3 studies, SUNRISE and SUNSHINE, met their primary endpoint, with more patients treated with Cosentyx achieving a HS Clinical Response, compared with placebo, at week 16. The safety of Cosentyx in HS was consistent with the therapy's known safety profile. The trials are ongoing to 52 weeks and are expected to complete in H2 2022. Regulatory filings are planned for 2022. Phase 3 study starts planned or ongoing across 5 core therapeutic areas include studies in Cardio-Renal, IHD, Neuroscience, Oncology and Hematology, noted the company, which also provided an overview of its mid- and late-stage pipeline assets in five core therapeutic areas, highlighting Leqvio, pelacarsen, iptacopan, Cosentyx, ligelizumab, remibrutinib, ianalumab, LNA043, branaplam, Zolgensma, Kisqali, 177Lu-PSMA-617, sabatolimab, JDQ443, TNO155, Scemblix and NIS793.
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FAMI | Hot Stocks07:23 EST Farmmi granted extension to comply with NASDAQ minimum bid price - Farmmi received notification from Nasdaq on December 1 confirming the company has been granted an additional 180 calendar day period for compliance under its minimum bid price requirement through May 30, 2022. To regain compliance with NASDAQ's minimum bid price requirement, the closing bid price of the company's ordinary shares needs to be at least $1.00 per share or greater for at least ten consecutive business days by May 30, 2022.
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GDDFF | Hot Stocks07:22 EST Goodfood Market implements cost efficiency initiatives - The company said, "During the quarter, we have sought to identify and implement cost efficiency initiatives to drive margin improvement and align our resources with the agility required to capture leading online grocery market share with our on-demand growth platform. We embarked on a review of our organizational structure in light of the progressive completion and implementation of systems and improvement in processes coupled with aligning our workforce towards our future catalyst for growth, on-demand groceries, meal kits and ready-to-eat meals. As a result, we expect these initiatives to generate $10 to $15 million of annualized cost savings versus our annualized fourth quarter cost base."
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SCOR | Hot Stocks07:21 EST Comscore and IHS Markit to produce cookie-free audience segments - Comscore, in partnership with IHS Markit, a provider of critical information, analytics and solutions, has released programmatic cookie-free audience targets for in-market auto shoppers. H&L Partners, an independent agency, implemented segments within Comscore Predictive Audiences solution for a major auto manufacturer who was seeking to identify cookie-free solutions that improved performance over their existing programmatic targeting tactics. Comscore and Polk's latest solution enabled the automotive manufacturer to target in-market shoppers for specified make and model segments in a privacy-forward and cookie-free manner.
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GDDFF | Hot Stocks07:21 EST Goodfood Market EVP, operations Gregory Christopher departs - Goodfood Market announced the departure of Gregory Christopher, EVP, Operations. President and COO, Neil Cuggy, will assume the role as the Company continues to focus investments into its rapidly growing on-demand grocery operations.
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SSRM | Hot Stocks07:20 EST SSR Mining acquires Taiga Gold for a price of C$0.265 per share - SSR Mining and Taiga Gold are pleased to announce that they have entered into a definitive arrangement agreement whereby SSR Mining will acquire all of the issued and outstanding common shares of Taiga Gold pursuant to a plan of arrangement at a price of C$0.265 per Taiga Gold share. The Transaction implies an equity value of approximately C$27M or $21M US on a fully diluted in-the-money basis and has been unanimously approved by the Board of Directors of each of SSR Mining and Taiga Gold. The Offer Price represents a premium of approximately 36% to the closing price of the Taiga Gold common shares on the Canadian Securities Exchange on December 1st , the day prior to the announcement of the Transaction, and a premium of 39% to the 20-day VWAP of the Taiga Gold common shares traded on the CSE prior to announcement of the Transaction. As the only gold producer in the highly prospective province of Saskatchewan, the Transaction materially expands SSR Mining's presence in a core jurisdiction by adding five new properties, 34,569 hectares, which provide new exploration targets stretching south from the Seabee mine to SSR Mining's 100%-owned Amisk property....Rod Antal, President and CEO said, "With this transaction, we will successfully redeploy a portion of the proceeds from the recent non-core royalty portfolio sale into new growth opportunities in a core jurisdiction. The acquisition of Taiga Gold reiterates our commitment to the Seabee gold mine and ongoing investment for future resource discoveries as we aim to extend Seabee's mine life into the next decade. Additionally, the acquisition of new greenfields exploration properties across the province of Saskatchewan should allow SSR Mining to build upon our regional expertise in a region we consider exceptionally prospective geologically and underexplored." All-cash consideration of C$0.265 per Taiga Gold share represents an attractive premium of 36% to Taiga Gold's closing price on the CSE on December 1st, and a 39% premium to Taiga Gold's 20-day VWAP, solidifying value for Taiga Gold shareholders "
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CDNA | Hot Stocks07:20 EST CareDx surpasses 80,000 organ transplant patient milestone - CareDx, The Transplant Company, announced that it has served over 80,000 organ transplant patients with AlloSure or AlloMap for their post-transplant care. "CareDx AlloSure and AlloMap are the most widely used donor-derived cell-free DNA, dd-cfDNA, tests used to measure organ transplant health. More than 90 percent of the nation's heart transplant centers use AlloMap Heart and 70 percent of kidney transplant centers use AlloSure Kidney," the company said. "CareDx's number one priority is to support patients through all aspects of their journey, from the moment they are put on the transplant list through their procedure and the lifetime of care they require after," said Reg Seeto, CEO and President of CareDx. "Our dream has always been one organ for the life of that patient, which requires active monitoring of the transplanted organ to identify risk of injury or a change in the immune state of the organ. Reaching this milestone of serving 80,000 transplant patients is a testament to the value of both AlloMap and AlloSure being incorporated into the standard management of heart, kidney, and lung transplant patients."
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MAIN | Hot Stocks07:20 EST Main Street announces new portfolio investments - Main Street Capital is pleased to announce that it recently completed a new portfolio investment to facilitate the majority recapitalization of Verified Credentials, a consumer reporting agency specializing in pre-employment background checks and ancillary related services. Main Street, along with its co-investor, partnered with Iron Creek Partners, a sector-focused private investor that Main Street has partnered with on multiple prior investments over the last decade, and Verified's existing owner and senior management team to facilitate the transaction and provide growth capital. Main Street and its co-investor also partnered with Iron Creek on two additional investments in the background screening space, Credential Check Corporation and Midwest Backgrounds, with Main Street funding $38.4M in a combination of first lien, senior secured term debt and direct minority equity investments across the companies.
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SURF | Hot Stocks07:18 EST Surface Oncology to present clinical data from SRF617 Phase 1 trial at ESMO-IO - Surface Oncology announced that a poster presentation sharing new clinical data from the ongoing SRF617 Phase 1 trial will be presented at the European Society for Medical Oncology Immuno-Oncology Congress, ESMO-IO, 2021, to be held virtually from December 8 to 11, 2021. The poster includes new data from the ongoing Phase 1 study of SRF617, an antibody targeting CD39, as both a monotherapy and in combination, in patients with advanced solid tumors. Details of Surface's ESMO-IO poster presentation: Title: "First-in-human phase 1 trial of SRF617, a potent inhibitor of CD39 activity, as monotherapy or in combination, in patients with advanced solid tumors."
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VRNOF | Hot Stocks07:18 EST Verano Holdings opens Zen Leaf West Chester dispensary in Pennsylvania - Verano Holdings announced the opening of Zen Leaf West Chester, a new storefront under its affiliate Agronomed Biologics, LLC. As part of the state's Chapter 20 Clinical Registrant Program, the dispensary will, in collaboration with the Drexel University Medical Cannabis Research Center, conduct ongoing research on medical cannabis and its effects on various conditions covered by the program in Pennsylvania. The dispensary will be the fifth Pennsylvania Zen Leaf dispensary and the Company's 13th affiliated dispensary in the state, including its locations under affiliates TerraVida and The Healing Center. Zen Leaf West Chester is located at 300 Oakland Road, West Chester, PA 19382 and is scheduled to open December 3 at 9:00 a.m. local time.
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SKT | Hot Stocks07:18 EST Tanger Factory appoints Leslie Swanson as CFO, Andrew Wingrove as CCO - Tanger Factory promoted Leslie Swanson from Executive VP of Operations to COO and appointed Andrew Wingrove to the role of Chief Commercial Officer. Wingrove most recently served as the Senior Vice President for Travel at CLEAR and has held leadership positions at brands such as Bonobos, Delta Air Lines, and Macy's.
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RDHL | Hot Stocks07:17 EST RedHill Biopharma publishes new Talicia study data - RedHill Biopharma announced the publication of a new study entitled "Helicobacter pylori Eradication by Low-Dose Rifabutin Triple Therapy (Talicia(R)) is Unaffected by High Body Mass Index" in the journal GastroHep, showing the high efficacy of Talicia in eradicating H. pylori irrespective of patient BMI and level of obesity in clinical trials. This new publication, describing a post-hoc analysis of data from 269 patients from the ERADICATE Hp and ERADICATE Hp2 Phase 3 clinical trials who had BMI greater than30 kg/m2, showed that Talicia maintained high efficacy across all BMI groups compared to the active comparator including in obese and severely obese patients. Patients with a BMI between 30-40 kg/m2 and those with BMI greater than40kg/m treated with Talicia achieved eradication rates of approximately 90% versus active comparator rates of 62.9% and 31.8% respectively - the active comparator demonstrated nearly 50% lower efficacy in the severely obese group. No cases of rifabutin resistance were identified in this study, compared to a pooled clarithromycin resistance rate of more than 17% seen across all BMI groups, which highlights the potential risk of empirically prescribing clarithromycin-containing regimens for the treatment of H. pylori. Generally, no differences were identified in the safety of Talicia across BMI groups, consistent with its overall safety profile.
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EGLX | Hot Stocks07:17 EST Enthusiast Gaming announces return of Pocket Gamer Connects event series - Enthusiast Gaming will relaunch its live event series Pocket Gamer Connects, with five live events spanning the globe in 2022, starting with PGC London from January 17-18. PGC provides an important platform for mobile gaming professionals to connect and interact, while providing industry-leading expert content and discussion around the mobile gaming space. PGC London 2022 will kick-off a year of live conferences that will be held in London, Seattle, Toronto, Helsinki, and Jordan. PGC London 2022 attendees can expect to meet over 800 companies from over 40 countries. More than 200 speakers will share insight and knowledge on topics including Revenue Roadmap, Mastering Multiplayer, and Live Ops. Speakers will include representatives from Voodoo, The National Film and Television School, Stillfront Group, Tencent, Netflix, King, and Square Enix.
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AGFS | Hot Stocks07:16 EST AgroFresh announces implementation of FreshCloud by Starr Ranch - AgroFresh Solutions announced that Starr Ranch Growers, a Washington produce grower, packer and shipper, has chosen to adopt AgroFresh's FreshCloud Quality Inspection to digitally integrate their quality inspection efforts. The solution uses aggregated data, machine learning and artificial intelligence to sustainably address food waste reduction and derive supply chain insights through the FreshCloud digital platform. "In the battle to protect produce against food loss and waste throughout the supply chain, which is facing more challenges than ever, customers have continued to look to and depend on AgroFresh for our innovative post-harvest solutions and direct high touch customer service model," said Kim Bui, Global Head of FreshCloud Infrastructure and Analytics for AgroFresh. "Digital solutions like FreshCloud Quality Inspection require deep industry knowledge, and our team of industry experts work closely with our customers to digitize the quality inspection process and create new efficiencies that help maximize the quality of the world's produce."
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SLHG | Hot Stocks07:16 EST Skylight announces pricing of public offering of 275K shares of Series A stock - Skylight Health Group announced the pricing of its public offering of 275,000 shares of its 9.25% Series A Cumulative Redeemable Perpetual Preferred Shares at a price to the public of US$21 per share. Gross proceeds from the offering are expected to be approximately US$5.8 million, before deducting offering expenses. The shares of Series A Preferred Stock are expected to start trading on the NASDAQ Capital Market on December 2, 2021, under the symbol "SLHGP". The offering is expected to close on or about December 6, 2021, subject to the satisfaction of customary closing conditions. The Benchmark Company, LLC acted as Sole Book Running Manager for the Offering. The underwriters have been granted a 30-day option to purchase up to 41,250 additional shares of Series A Preferred Stock from the Company, exercisable in whole or in part, solely to cover over-allotments, at the public offering price less the underwriting discount.
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SSRM | Hot Stocks07:16 EST SSR Mining to acquire Taiga Gold for $21M - SSR Mining and Taiga Gold are pleased to announce that they have entered into a definitive arrangement agreement whereby SSR Mining will acquire all of the issued and outstanding common shares of Taiga Gold pursuant to a plan of arrangement at a price of C$0.265 per Taiga Gold share. The Transaction implies an equity value of approximately $21M on a fully diluted in-the-money basis and has been unanimously approved by the Board of Directors of each of SSR Mining and Taiga Gold. The Offer Price represents a premium of approximately 36% to the closing price of the Taiga Gold common shares on the Canadian Securities Exchange on December 1st, 2021, the day prior to the announcement of the Transaction, and a premium of 39% to the 20-day VWAP of the Taiga Gold common shares traded on the CSE prior to announcement of the Transaction. The Transaction is expected to close in the first half of 2022.
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UROY | Hot Stocks07:15 EST Uranium Royalty enters into strategic supply stream with CGN Global - Uranium Royalty has entered into a Supply Stream Agreement with CGN Global Uranium to purchase 500,000 pounds of U3O8 from CGN delivered at Cameco from 2023 through 2025 at a weighted average price of $47.71 per pound. 300,000 pounds of U3O8 will be delivered on October 20, 2023, and additional 100,000 pounds of U308 each to be delivered on June 14, 2024 and April 2, 2025. CGN Global is the overseas nuclear fuel business platform of China General Nuclear Power Group, the world's third largest, and China's biggest nuclear power operator with 25 units in operation.
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ONEW | Hot Stocks07:14 EST OneWater Marine completes acquisition of Norfolk Marine - OneWater Marine announced that it has completed the previously announced acquisition of Norfolk Marine. Norfolk Marine expands the Company's presence in the Mid-Atlantic U.S. and enhances new and pre-owned boat sales, finance, and parts and services offerings. "The OneWater family is thrilled to officially welcome Jason Murphy and the Norfolk Marine team onto our platform and expand our presence in the Mid-Atlantic U.S. We look forward to supporting the continued growth of our very first dealer in the state of Virginia," said Austin Singleton, Chief Executive Officer for OneWater.
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ONEW | Hot Stocks07:13 EST OneWater Marine completes acquisition of T-H Marine - OneWater Marine announced that it has completed the previously announced acquisition of T-H Marine, a provider of branded marine parts and accessories. OneWater expects that the acquisition will significantly expand the Company's presence in the parts and accessories sector. The transaction is expected to more than double the annual revenue of OneWater's current business in the space. "We couldn't be more excited to welcome Jeff Huntley Sr. and his team into the OneWater family. This transaction meaningfully advances OneWater's strategic growth and diversification strategy and is expected to materially expand our addressable market in the parts and accessories business. T-H Marine will serve as an additional platform for growth with its strong pipeline in both product development and its own acquisition strategy, led by an experienced and capable team. With T-H Marine, we can now provide a more complete offering to our customers while continuing to drive growth and unlocking value for our shareholders," said Austin Singleton, Chief Executive Officer for OneWater.
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BSX | Hot Stocks07:13 EST Boston Scientific initiates trial to evaluate mCRM Modular Therapy System - Boston Scientific has initiated the MODULAR ATP clinical trial to evaluate the safety, performance and effectiveness of the mCRM Modular Therapy System. The mCRM System consists of two cardiac rhythm management devices intended to work together to coordinate therapy: the EMBLEM MRI Subcutaneous Implantable Defibrillator System and the EMPOWER Modular Pacing System, which is designed to be the first leadless pacemaker capable of delivering both bradycardia pacing support and antitachycardia pacing.
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NEM CAT | Hot Stocks07:13 EST Newmont sees attributable gold production of 6.2M ozs AISC of $1,050 per ounce - Newmont (NEM) announced its 2022 outlook with attributable gold production guidance of 6.2M million ounces and AISC of $1,050 per ounce at an $1,800 gold price assumption. Total gold production combined with other metals is expected to be 7.5 million gold equivalent ounces in 2022 and improve longer-term, with declining costs through investments in new, lower-cost production and benefits from Full Potential improvements. Attributable gold production : Production guidance is 6.2 million ounces for 2022 and is expected to improve to between 6.2 and 6.8 million ounces longer-term. Attributable gold equivalent ounce, GEO, production from other metals : Co-product GEO production guidance is 1.3 million ounces for 2022 and is expected to improve to between 1.4 to 1.6 million ounces longer-term. Total GEO production expected is 7.5 million ounces for 2022, improving to between 7.7 and 8.3 million ounces longer-term... Caterpillar (CAT) Strategic Alliance: Announced a strategic alliance with Caterpillar to deliver a fully connected, automated, zero carbon emitting, end-to-end mining system; includes an initial commitment of $100 million to deliver an autonomous electric haulage fleet of 16 vehicles at CC&V and 10 battery electric underground haul trucks at Tanami. "Newmont's outlook remains strong as we steadily increase production and improve costs over time from our global portfolio of world-class assets located in top-tier jurisdictions. In 2022 we expect to deliver approximately 7.5 million gold equivalent ounces, demonstrating the strength of our operations and proven operating model. We are entering a period of significant investment in our organic project pipeline, an important component in growing production, improving margins and extending mine life, and we remain focused on delivering long-term value to all of our stakeholders through our ongoing commitment to sustainable and responsible mining, " said Tom Palmer, Newmont President and Chief Executive Officer...Attributable gold production is expected to be stable at 6.0 to 6.8 million ounces across the five-year period. The 2022 outlook of 6.2 million ounces increases from 2021 due to increased production at Boddington and Ahafo. Production is expected to remain between 6.0 and 6.6 million ounces in 2023. This is supported by a steady base from our world class assets, and is further enhanced by the Company's other operating mines and our ownership in Nevada Gold Mines and Pueblo Viejo joint ventures. In 2024, production is expected to increase to between 6.2 and 6.8 million ounces longer-term through 2026 due to the inclusion of profitable production from Ahafo North and Tanami Expansion 2 and reaching higher gold grade at Penasquito.
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GTLS | Hot Stocks07:13 EST Chart Industries, Hylium sign MOU for supply of liquid hydrogen trailers - Chart Industries and Hylium Industries have signed a Memorandum of Understanding, MOU, to establish a joint venture and associated supply agreement to design and produce liquid hydrogen trailers for the Republic of Korea. Included in the execution of the MOU, Hylium placed a purchase order for three liquid hydrogen trailers. Through the agreement, the trailers will be designed and produced for sale in the Republic of Korea through Hylium including obtaining and maintaining all applicable government certifications, approvals, and registrations required. "We are pleased to partner with Hylium, a well-respected leader in hydrogen in Korea," stated Jill Evanko, Chart's CEO and President. "Our companies' shared mission of bringing clean energy solutions to the world will be furthered by applying Chart's decades of experience of designing and building hydrogen trailers with Hylium's Korean presence and experience in the region's operations, certifications and commercial opportunities."
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ZNTL | Hot Stocks07:13 EST Zentalis to host R&D day on December 16 - Zentalis Pharmaceuticals is hosting a virtual R&D Day on December 16, 2021 from 11:00 a.m. to 12:00 p.m. EST. Zentalis' management team along with three Key Opinion Leaders will present preclinical science from multiple programs and clinical updates on ZN-d5, the Company's oral, selective BCL-2 inhibitor for hematologic malignancies, and ZN-e4, the Company's oral EGFR inhibitor for non-small cell lung carcinoma.
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XOS | Hot Stocks07:12 EST Xos secures multimillion dollar truck order with Route Consultant - Xos announced the receipt of a purchase order for Xos last mile delivery vehicles from Route Consultant. The 40 last mile delivery vehicles are slated for delivery in 2022 across three different cities in the Midwestern United States. Ten trucks will be delivered to Springfield, Ill., twenty to St. Louis, Mo., and ten to Terre Haute, Ind.
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RNW | Hot Stocks07:11 EST ReNew Power, L&T announce partnership in India - Larsen & Toubro and ReNew Power announced a partnership agreement to tap the emerging green hydrogen business in India. Under this agreement, L&T and ReNew will jointly develop, own, execute and operate green hydrogen projects in India
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SLNA BOAS | Hot Stocks07:11 EST Selina Hospitality to become public through BOA Acquisition combination - Selina and BOA Acquisition Corp. (BOAS), a publicly traded special purpose acquisition company, announced that they have entered into a definitive business combination agreement that will result in Selina becoming a publicly listed company. The transaction values the pro forma company at an equity value of approximately $1.2B. The transaction is expected to close in the first half of 2022 and the combined company will operate as Selina Hospitality and its ordinary shares are expected to be listed on the New York Stock Exchange under the ticker symbol (SLNA). Selina has secured $350M of committed capital from partners to expand its offering in 12 geographies, which is expected to add approximately 40,000 new beds to the Selina network by 2025. In addition to its pay-as-you-go offering, Selina has introduced a subscription service - Nomad Passport - that allows guests to stay at any Selina location for as long as they'd like, with full amenities including accommodation, co-working, wellness activities, and locally curated events. Selina expects to be EBITDA positive by Q1 of 2023 and generate approximately $1.2B in revenue by 2025, driven by new openings, operational improvements and the maturation of its portfolio. A group of institutional investors have committed $70M of capital, which includes a $15M minimum equity backstop from BOA's sponsor. Of the total, $10M will be an advanced PIPE funded concurrent with the announcement, Selina's balance sheet as it rolls out new sites. There is approximately $230M currently held in BOA's trust account. Subject to any redemptions by BOA stockholders, existing Selina shareholders will retain approximately 71% ownership in the combined company. The business combination is expected to provide Selina with $285M of gross transaction proceeds to advance its mission to inspire meaningful connections. The company will use proceeds from the transaction to fuel its expansion across large urban markets globally, as well as invest in its proprietary technology. The boards of directors for both Selina and BOA have unanimously approved the business combination. The transaction will require the approval of the stockholders of BOA and Selina and is subject to other customary closing conditions. The transaction is expected to close in the first half of 2022.
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LOCO | Hot Stocks07:09 EST El Pollo Loco launches Loco Gifts and Gear store - El Pollo Loco announced the launch of Loco Gifts and Gear, its first-ever merch store. The online shop will bring El Pollo Loco's heritage and brand story to life through an exciting array of clothes, accessories and gear curated and handcrafted in a one-time exclusive collaboration with three Los Angeles-based Latino creators who embody El Pollo Loco's L.A. Mex spirit - David Flores, Rick Massie and Manny Silva. Beginning today, members of El Pollo Loco's Loco Rewards program will have early access to Loco Gifts and Gear to shop each artist's collection of exclusive apparel and gear. The site will open to the general public tonight at midnight.
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CMMB | Hot Stocks07:09 EST Chemomab Therapeutics: FDA clears IND application for CM-101 - Chemomab Therapeutics announced that the U.S. FDA has cleared the company's Investigational New Drug application for CM-101, a first-in-class CCL24-neutralizing antibody for the treatment of the rare disease primary sclerosing cholangitis. The Phase 2 SPRING trial assessing CM-101 as a potential treatment for PSC is already underway in Europe and Israel and is now being expanded to include U.S. sites.
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PRAX BCRX | Hot Stocks07:09 EST Praxis Precision Medicines appoints Megan Sniecinski as CBO - Praxis Precision Medicines announced the appointment of Megan Sniecinski as chief business officer and provided key updates on members of the executive leadership team. Praxis has promoted Alyssa Wyant to chief regulatory and quality officer and Karl Hansen, Ph.D., to chief technical operations officer. In addition, chief scientific officer and co-founder, Steven Petrou, Ph.D., has decided to fully dedicate his time to Praxis upon stepping down from his role as institute director of The Florey Institute of Neuroscience and Mental Health. Sniecinski was most recently chief business officer at BioCryst Pharmaceuticals, overseeing corporate development, program management and global supply chain.
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TNMCF | Hot Stocks07:08 EST Titan Mining declares special cash dividend of C$0.01 per share - Titan Mining Corporation announces that its Board of Directors has declared a special cash dividend of C$0.01 per common share for an aggregate distribution of approximately C$1.4 million based on the current number of shares outstanding. Titan also announces that it has entered into a fixed zinc pricing arrangement pursuant to its existing offtake agreement with an affiliate of Glencore plc for 60% of the Company's budgeted zinc production for the first quarter of 2022 at a price of US$1.4954 per pound of zinc. The Dividend is payable on January 18, 2022 to shareholders of record at the close of business on December 30, 2021. The Dividend will be designated an "eligible dividend" for Canadian tax purposes. The declaration, timing, amount and payment of future dividends remains at the discretion of the Board of Directors.
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CHK | Hot Stocks07:07 EST Chesapeake announces $1B common stock, warrant repurchase authorization - Chesapeake Energy announced that its Board of Directors has authorized the repurchase of up to $1B in aggregate value of its common stock and/or warrants from time to time. Nick Dell'Osso, Chesapeake's President and CEO, stated "Generating sustainable cash flow and returning it to our shareholders is a foundational part of our strategy. We are pleased to build upon our previously announced base and variable dividend structure to include the ability to repurchase a significant amount of our outstanding equity. Despite the volatility in commodity markets, our cash flow projections remain robust, supporting a $1.75/share base dividend plus a variable dividend equal to 50% of our free cash flow. When combined, we estimate that total cash dividends to be paid to shareholders in 2022 will range from $800 million to $1 billion, based on our recent Outlook and the current commodity price environment. The addition of a $1 billion equity buyback program, which we expect to execute over the next 24 months, highlights the advantages of our disciplined capital allocation strategy, our resiliency through commodity price cycles, and our commitment to maintaining a capital reinvestment rate in our business to sustain our current cash flow over the long term."
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KPTI | Hot Stocks07:07 EST Karyopharm completes patient recruitment in Phase 3 endometrial cancer study - Karyopharm completed patient recruitment in the Phase 3 SIENDO study evaluating the efficacy and safety for front-line maintenance therapy with selinexor in patients with advanced or recurrent endometrial cancer. There are currently no approved therapies in the maintenance setting for patients with advanced or recurrent endometrial cancer. The SIENDO study has exceeded its enrollment goal, with over 250 patients currently enrolled or in screening. The SIENDO study is a multicenter, blinded, placebo-controlled, randomized Phase 3 study evaluating the efficacy and safety for maintenance therapy with selinexor in patients with advanced or recurrent endometrial cancer. The primary endpoint in the study is progression free survival with the goal of the study demonstrating a hazard ratio of 0.6.
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DOX | Hot Stocks07:06 EST Amdocs, G+D to provide eSIM managment for Orange Belgium - Amdocs and Giesecke+Devrient announced a joint collaboration to provide Orange Belgium's enterprise customers with the ability to order, activate and manage embedded SIM on their employees' devices. Orange Belgium is among the first service providers to launch eSIM for enterprises, bringing digital innovation to support their customers' journey to becoming fully digital. The eSIM Device Enablement Server marks the launch of eSIM support for enterprises and opens the way to new experiences for the enterprise consumer. Users will be able to easily and digitally add a new eSIM profile and switch between SIM profiles without the need to receive a plastic SIM card and manually insert it into the device, with the pre-integrated G+D/Amdocs solution responsible for integration to the billing system and device OEMs, orchestration and user interface management. By moving to digital, the solution will enable Orange Belgium's enterprise customers to reduce the cost and time in managing and delivering SIM cards, improving the overall experience for both the enterprise connectivity manager and the employee.
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PLTR | Hot Stocks07:05 EST Palantir awarded $43M contract from Space Systems Command - Palantir Technologies announced the Space Systems Command's Cross-Mission Ground & Communications Enterprise awarded it a $43M contract to continue its delivery of a data and decision platform to support national security objectives. This $43M contract is an additional extension, expanding upon previous awards from April and August this year. The total cumulative face value of the contract is $91.5M. This award provides continued capabilities for Project Brown Heron which enables all-domain situational awareness and decision-making at NORAD/USNORTHCOM, and the Space C2 division under the Cross Mission Ground & Communications Enterprise. The Palantir platform, known as Warp Core, is being utilized to make decisions from large volumes of data in support of these missions.
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GXO BODY | Hot Stocks07:04 EST GXO Logistics, MYXfitness announce opening of Atlanta distribution center - GXO Logistics (GXO) and The Beachbody Company's (BODY) MYXfitness, announced the opening of a new distribution center in Atlanta to help meet growing ecommerce demand. The new facility in Atlanta is part of the GXO Direct distribution network, which provides shared warehouse space at locations across the U.S. with access to GXO's industry know-how and cutting-edge technology.
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PLTR KMI | Hot Stocks07:04 EST Palantir, Kinder Morgan announce multi-year partnership - Palantir Technologies (PLTR) and Kinder Morgan (KMI) announced a multi-year partnership to deploy Palantir's data integration software platform, Foundry, in Kinder Morgan's storage operations to drive efficiency and safety. Kinder Morgan will deploy Foundry to optimize its U.S.- based gas storage operations. Operators and decision makers will be provided with a common operating picture of the company's infrastructure, connecting transactional systems data streams, analysis, and operations over supply, grid integrity, customers, and pricing. With real-time access to this information, Foundry will enable Kinder Morgan to make data-driven decisions on gas storage, optimization, and maintenance scheduling.
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ACST | Hot Stocks07:04 EST Acasti Pharma announces interim data meets primary endpoints in PK study - Acasti Pharma announced positive results for GTX-104 based on its interim analysis of the first 20 of 50 normal healthy subjects in its pivotal pharmacokinetic, PK, bridging study. GTX-104 met both primary endpoints for Maximum Concentration on Day 1 and Area Under the Concentration-Time Curve on Day 3, allowing the study to continue under the current infusion protocol to its completion. GTX-104 is a novel, aqueous formulation of nimodipine developed as an IV infusion for patients experiencing Subarachnoid Hemorrhage, or bleeding over the surface of the brain triggered by a ruptured aneurysm. The Company believes that the tight correlation of the primary endpoint data for the first 20 patients is a strong indication that GTX-104 could achieve comparable bioavailability with oral nimodipine in the full study cohort of 50 subjects. So far, there have been no serious adverse events observed, and only mild adverse events were reported in both groups such as headaches, that were resolved with common medications. "This interim data is very encouraging, as it suggests that our current infusion protocol is on track to meet the objectives for this pivotal PK study. As previously disclosed, we expect to report the final study results sometime in the first half of 2022. If the final study results are consistent with these interim results, we could proceed quickly to finalize the study design and protocol for the Phase 3 Safety Study of GTX-104 with the FDA, and initiate the study in the second half of 2022," commented Jan D'Alvise, Acasti's CEO. "Importantly, we believe the follow-up safety study has the potential to be relatively fast, low cost and low risk based on the favorable safety profile observed to date. Moreover, this clinical study is expected to be the final step required to seek regulatory approval under the 505(b)(2) regulatory pathway before submitting our New Drug Application to the FDA."
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TCRX BXP | Hot Stocks07:03 EST TScan Therapeutics establishes facility to manufacture T Cell Therapies - TScan Therapeutics (TCRX) announced that it has completed the construction of a state-of-the-art GMP manufacturing facility to manufacture Phase I/II TCR-T therapies. This facility will support the manufacturing of TScan's two lead liquid tumor candidates, TSC-100 and TSC-101, designed to eliminate residual leukemia and prevent relapse after hematopoietic cell transplantation for patients with hematological malignancies, as well as solid tumor candidates TSC-200, TSC-201, TSC-202 and TSC-203, designed to treat patients with solid tumors including head and neck, cervical, anal, melanoma and non-small cell lung cancers. This manufacturing facility is part of TScan's existing footprint at 830 Winter Street in Waltham, Massachusetts. To accommodate the Company's expansion of its manufacturing and research activities, TScan is also growing its footprint through the lease of an additional 115,000 square feet as the lead tenant in 880 Winter Street. TScan has signed a ten-year lease with extension options with leading biotechnology landlord Boston Properties (NYBXP) for the new space, which will be built out for lab and office use to TScan's specifications. The Company is preparing to take occupancy in the second half of 2022.
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DG | Hot Stocks07:03 EST Dollar General targets 1,000 pOpshelf locations by fiscal year end 2025 - "We are pleased with our third quarter results, and I want to thank our associates for their unwavering commitment to meeting the needs of our customers, communities, and each other," said Todd Vasos, Dollar General's CEO. "During the quarter, we made meaningful progress advancing our key initiatives, while continuing to successfully deliver for our customers, despite a challenging operating environment. We are excited today to announce our real estate growth plans for fiscal year 2022 , which consist of nearly 3,000 real estate projects in total, including 1,110 new stores. These plans include the acceleration of our pOpshelf store concept, as we expect to nearly triple our store count next year. Importantly, given the sustained and positive performance of our pOpshelf concept, we plan to further accelerate the pace of new store openings as we move ahead, targeting a total of approximately 1,000 pOpshelf locations by fiscal year end 2025. We are also excited to announce our plans to expand our footprint internationally for the first time, with plans to open up to ten stores in Mexico by the end of fiscal 2022, as we continue to lay the foundation for future growth. Overall, we remain focused on our mission of Serving Others, and are confident in our plans to drive long-term sustainable growth and value for our shareholders."
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BDX | Hot Stocks07:02 EST Becton Dickinson acquires Venclose, terms undisclosed - Becton Dickinson announced it has acquired Venclose, a provider of solutions for the treatment of chronic venous insufficiency, or CVI, a disease that is the result of malfunctioning valves and can lead to varicose veins. CVI represents a significant and growing therapeutic need within the health care system - impacting up to 40% of women and 17% of men in the United States. Terms of the transaction were not disclosed. The transaction is expected to be immaterial to BD's fiscal 2022 financial results.
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XRTX | Hot Stocks07:02 EST XORTX Therapeutics appoints Altasciences as CRO for clinical study - XORTX Therapeutics announces that it has appointed Altasciences as contract research organization for its planned Bridging pharmacokinetic study in support of the XRx-008 program for autosomal dominant polycystic kidney disease and XRx-101 for acute kidney injury associated with Coronavirus infection. The goal of the planned bridging pharmacokinetics study - XRX-OXY-101, is to characterize the increased bioavailability of oxypurinol in humans and follows after successful results in two animal models where increased bioavailability was demonstrated for this formulation.
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CTG | Hot Stocks07:01 EST Computer Task Group and Micro Focus extend European partnership to France - CTG announced an expanded strategic partnership agreement with Micro Focus to now include CTG France. The partnership aligns CTG's testing capabilities with Micro Focus' Application Lifecycle Management software to help clients accelerate their software delivery and ensure quality and application performance at every stage of the digital application lifecycle. CTG France's Testing Solutions portfolio includes advisory consulting, test methodology and process, performance testing, manual functional testing, testing automation, test tool implementation, and crowdtesting. CTG and Micro Focus first initiated their partnership in Europe almost 20 years ago.
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GSK VIR | Hot Stocks06:59 EST UK's MHRA announces approval of COVID-19 treatment Xevudy - The UK's Medicines and Healthcare products Regulatory Agency said, "Another COVID-19 treatment, Xevudy, has today approved by the Medicines and Healthcare products Regulatory Agency after it was found to be safe and effective at reducing the risk of hospitalisation and death in people with mild to moderate COVID-19 infection who are at an increased risk of developing severe disease. This follows a rigorous review of its safety, quality and effectiveness by the UK regulator and the government's independent expert scientific advisory body, the Commission on Human Medicines, making it the second monoclonal antibody therapeutic to be approved following Ronapreve. Developed by GSK (GSK) and Vir Biotechnology (VIR), sotrovimab is a single monoclonal antibody. The drug works by binding to the spike protein on the outside of the COVID-19 virus. This in turn prevents the virus from attaching to and entering human cells, so that it cannot replicate in the body. In a clinical trial, a single dose of the monoclonal antibody was found to reduce the risk of hospitalisation and death by 79% in high-risk adults with symptomatic COVID-19 infection. Based on the clinical trial data, sotrovimab is most effective when taken during the early stages of infection and so the MHRA recommends its use as soon as possible and within five days of symptom onset Like molnupiravir, it has been authorised for use in people who have mild to moderate COVID-19 infection and at least one risk factor for developing severe illness. Such risk factors include obesity, older age, diabetes mellitus, or heart disease. Unlike molnupiravir, sotrovimab is administered by intravenous infusion over 30 minutes. It is approved for individuals aged 12 and above who weigh more than 40kg. It is too early to know whether the omicron variant has any impact on sotrovimab's effectiveness but the MHRA will work with the company to establish this." Reference Link
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DG | Hot Stocks06:56 EST Dollar General raises share repurchase authorization by $2B - In the third quarter of 2021, the company repurchased $360M of its common stock, or 1.6M shares, at an average price of $220.36 per share, under its share repurchase program. The total remaining authorization for future repurchases was $619M at the end of the third quarter of 2021. On December 1, 2021, the company's Board of Directors increased the authorization under the share repurchase program by $2B.
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BKE | Hot Stocks06:52 EST The Buckle reports November net sales up 35.9% to $117.3M, SSS up 36% - The Buckle announced that comparable store net sales, for stores open at least one year, for the 4-week period ended November 27 increased 36% from comparable store net sales for the 4-week period ended November 28, 2020. Net sales for the 4-week fiscal month ended November 27 increased 35.9% to $117.3M from net sales of $86.3M for the prior year 4-week fiscal month ended November 28, 2020.
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TSLA | Hot Stocks06:42 EST Tesla unveils $1,900 Cyberquad for Kids - According to a company webpage, Tesla has released a $1,900 Cyberquad for Kids. The company said, "Get ready for any adventure with the all-electric Cyberquad for Kids. Inspired by our iconic Cybertruck design, the four-wheel ATV features a full steel frame, cushioned seat and adjustable suspension with rear disk braking and LED light bars. Powered by a lithium-ion battery with up to 15 miles of range and a configurable top speed of 10 mph, Cyberquad for Kids is suitable for anyone 8-years old and up...Note: Cyberquad for Kids will begin shipping in 2-4 weeks. Orders are not guaranteed to arrive prior to the holidays." Reference Link
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TD | Hot Stocks06:35 EST Toronto-Dominion raises quarterly dividend to C$0.89 per share - Payable on and after January 31, 2022, to shareholders of record at the close of business on January 10, 2022.
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PNM AGR | Hot Stocks06:34 EST NMPRC discusses PNM Resources, Avangrid merger - The New Mexico Public Regulation Commission, or NMPRC, began its consideration of the merger application involving PNM Resources (PNM), its wholly-owned subsidiary Public Service Company of New Mexico, or PNM, and Avangrid (AGR) during its regular open meeting. During the meeting, the hearing examiner presented his recommendation, or Certification for Stipulation, and Commissioners had the opportunity to ask questions. Discussion did not include filings made by parties following the November 1 Certification for Stipulation, in which the joint applicants agreed to the commitments recommended by the hearing examiner to support approval of the merger and the other signatories to the Stipulation indicated their support for the merger that included all of those commitments. The commission communicated its intent to review in its next open meeting the subsequent exception and response filings prior to the consideration of a vote on the transaction.
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TD | Hot Stocks06:34 EST Toronto-Dominion to buy back up to 50M common shares - TD Bank Group announced that, subject to the approval of the Office of the Superintendent of Financial Institutions Canada and the Toronto Stock Exchange, it intends to launch a normal course issuer bid to repurchase for cancellation up to 50M of its common shares, representing approximately 2.7% of the 1,821,976,598 common shares issued and outstanding as of October 31, 2021. TD will file a notice of intention with the TSX in this regard.
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PROG | Hot Stocks06:30 EST Progenity announces new patent for single-molecule detection platform - Progenity announced a new patent related to its single-molecule detection platform under development. The USPTO has issued U.S. Patent No. 11,186,863 entitled, "Methods, Systems, and Compositions for Counting Nucleic Acid Molecules." The issued claims cover methods for capturing, amplifying, and imaging single copies of target nucleic acid molecules.
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SQZ | Hot Stocks06:19 EST SQZ Biotechnologies' lead cell therapy candidate generates clinical response - SQZ Biotechnologies Lead Cell Therapy Candidate Generated Monotherapy Clinical Response Correlated with SQZ Biotechnologies announced interim results from the highest-dose monotherapy cohort of its ongoing Phase 1/2 clinical trial of SQZ-PBMC-HPV, an investigational cell therapy being evaluated in certain patients with advanced or metastatic Human Papillomavirus positive - HPV16+ - solid tumors. In an abstract published by the European Society for Medical Oncology Immuno-Oncology Congress, the company reported that a highly treatment experienced patient in the highest-dose cohort demonstrated a radiographic response in conjunction with substantial increases in CD8 T cell tumor infiltration and PD-L1 expression - both markers of tumor inflammation. The cell therapy was generally well tolerated and no dose limiting toxicities were observed in the final monotherapy stage of the trial. The combination stage of the trial is enrolling with checkpoint inhibitors targeting the PD-(L)1 and CTLA-4 pathways. A total of 18 patients were treated across four cohorts and patients had an average of 3.5 prior lines of systemic cancer therapy. Across all cohorts the investigational therapy was generally well-tolerated, and no dose-limiting toxicities were observed. No grade 2 or higher treatment-related severe adverse events, or grade 3 adverse events, were observed in the highest-dose cohort. In the highest-dose cohort with five patients evaluable, one patient who had been heavily treated with PD-1 inhibitors before entering the trial demonstrated radiographic response as well as substantial increases in CD8 T cell tumor infiltration and PD-L1 expression. The highest-dose monotherapy stage continues enrollment to further characterize the investigational therapy in single agent settings.
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DNUT | Hot Stocks06:16 EST JAB Holding Company raises economic exposure in Krispy Kreme - JAB Holding Company announced that it has increased its economic exposure in Krispy Kreme by entering into a three-year total return swap agreement with BNP Paribas for up to 6.5M shares of Krispy Kreme in aggregate. The transaction allows JAB Holding Company to benefit from its strong belief that there is significant long-term value creation to come in Krispy Kreme. JAB Holding Company currently owns approximately 44.77% of the shares outstanding and intends to be an anchor shareholder for many years to come. Under the terms of the agreement, BNP will acquire shares in the open market over the next few months and BNP will be required to pay JAB the difference from any positive stock price performance from the establishment of the swap positions to the termination of the swap, which will take place up to three years from today's agreement. Conversely, JAB will be obligated to pay BNP the difference from any negative stock price performance between those two dates. BNP will hold all voting rights for the acquired stock during the period it holds it, while JAB will receive any dividends paid on the shares.
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QTT | Hot Stocks06:10 EST Qutoutiao announces plan to implement ADS ratio change - Qutoutiao announced that it plans to change the ratio of its American Depositary Shares to its Class A ordinary shares, par value US$0.0001 per share, from the current ADS Ratio of four ADSs to one Class A ordinary share to a new ADS Ratio of two ADSs to five Class A ordinary shares. The company anticipates that the change in the ADS Ratio will be effective on or about December 10, 2021. For Qutoutiao's ADS holders, the change in the ADS Ratio will have the same effect as a one-for-ten reverse ADS split. Each ADS holder of record at the close of business on the date when the change in ADS Ratio is effective will be required to surrender and exchange every ten existing ADSs then held for one new ADS. The Bank of New York Mellon, as the depositary bank for Qutoutiao's ADS program, will arrange for the exchange of the current ADSs for the new ones. Qutoutiao's ADSs will continue to be traded on the Nasdaq Global Select Market under the symbol "QTT". No fractional new ADSs will be issued in connection with the change in the ADS Ratio. Instead, fractional entitlements to new ADSs will be aggregated and sold by the depositary bank and the net cash proceeds from the sale of the fractional ADS entitlements will distributed to the applicable ADS holders by the depositary bank. The change in the ADS Ratio will have no impact on Qutoutiao's underlying Class A ordinary shares, and no Class A ordinary shares will be issued or cancelled in connection with the change in the ADS Ratio. As a result of the change in the ADS Ratio, the ADS trading price is expected to increase proportionally, although the Company can give no assurance that the ADS trading price after the change in the ADS Ratio will be equal to or greater than ten times the ADS trading price before the change.
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ALIT | Hot Stocks06:06 EST Alight announces redemption of all outstanding Class C units - Alight announced that Alight Holding Company will redeem all of its 15,133,333 outstanding Class C Units to purchase shares of the Managing Member's Class A common stock, par value $0.0001 per share, for a redemption price of $0.10 per Unit, that remain outstanding at 5:00 p.m. New York City time on December 27. This redemption follows the redemption of the 44,499,941 outstanding Public Warrants which were called for redemption on November 26, 2021 pursuant to a notice of redemption delivered on the same date.
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GEO | Hot Stocks06:06 EST Geo Group approves change in corporate structure - Geo Group's Board of Directors has unanimously approved a plan to terminate its Real Estate Investment Trust election and become a taxable C corporation, effective for the fiscal year ending December 31, 2021. The decision stems from the Board's evaluation of Geo's corporate tax structure and REIT status. The Board also voted unanimously to discontinue Geo's quarterly dividend. The change in corporate status from a REIT to a taxable C Corporation is expected to give Geo additional flexibility to allocate free cash flow towards reducing net recourse debt. In 2020, GEO reduced net recourse debt by approximately $100M, and in the first three quarters of 2021, Geo reduced net recourse debt by an additional $175M. As a result of Geo's restructuring to a taxable C corporation in FY21, during Q4, Geo expects to incur a one-time, non-cash deferred tax charge of approximately $75M. Geo also expects to incur approximately $34M in incremental income tax expense in Q4 due to the resulting higher corporate tax rate for 2021, including a catch-up tax expense of approximately $26M in connection with the first three quarters of 2021.
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TBLA | Hot Stocks06:05 EST NDTV Convergence signs exclusive 10-year deal with Taboola - Taboola announced a 10-year deal with NDTV Convergence, reaffirming its position as India's leading platform for online news. The decade-long deal is based on mutually-determined projections, including growth in traffic, and cumulatively can enable revenue of Rs. 750 crores or 100M dollars for NDTV Convergence contingent upon it meeting the targets assigned for different stages of the 10-year period. Ndtv.com has nearly 200M uniques and is known for the fastest online news and best user experience in India. It is also one of the country's only profitable online content companies in India. This deal gives NDTV Convergence access to Taboola's full portfolio of offerings for personalized content recommendations, editorial planning, monetization and growth strategies. The company will continue to leverage Taboola Feed, a seamlessly integrated feed that provides readers with personalized content, enabling monetization of below-article placements. In addition, NDTV will leverage Taboola Newsroom, an advanced readership insights technology that leverages A.I. to power editorial processes.In addition, NDTV Convergence will be testing an e-commerce integration that provides a new revenue stream via Skimlinks, a Taboola company. With Skimlinks, NDTV Convergence can complement its premier content with e-commerce.
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GMS | Hot Stocks06:03 EST GMS Inc. CEO says 'well positioned' heading into 2022 - "I am pleased to report another very strong quarter for GMS," said John Turner, Jr., President and CEO. "Net sales again topped a billion dollars with record levels of net income and Adjusted EBITDA. Supply chain dynamics have led to all-time high levels of product inflation, which have been the principal driver of both sales growth and incremental profitability. That said, our relentless focus on customer service and the solid execution of our strategic priorities have enabled us to capture the benefits of both this heightened product inflation across our portfolio as well as continued strength in the residential market." Turner continued, "While commercial activity remains well below pre-COVID levels, we were pleased to see certain commercial projects that were previously on hold receive approvals to move forward. With other positive signs also emerging, we believe that we are very well positioned as we head into the next calendar year to benefit from an eventual commercial construction recovery."
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OBAS | Hot Stocks06:02 EST Optibase confirms receipt of unsolicited tender offer - Optibase confirmed that it has received notice that The Capri Family Foundation, a foundation organized under the laws of the Republic of Panama and Shlomo Wyler have commended an unsolicited tender offer to purchase 959,837 outstanding ordinary shares, nominal value NIS 0.65 per share, of Optibase, not already owned by the Bidder group, at $11.20 per Share, net to the seller in cash, less any applicable withholding taxes, and without interest. On or before December 14, the company will file with the Securities and Exchange Commission a Solicitation/Recommendation Statement on Schedule 14D-9 to advise shareholders as to whether the company recommends acceptance or rejection of the offer, expresses no opinion and remains neutral to the offer, or is unable to take a position with respect to the offer, and the reasons for that position or inability to take a position.
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BRTX | Hot Stocks06:02 EST BioRestorative Therapies files ten patent applications for lumbar disc disease - BioRestorative Therapies has filed ten patent applications related to its BRTX-100 program for treating chronic lumbar disc disease with the USPTO. These patent applications cover methodologies used to generate BRTX-100, a stem cell-based therapeutic engineered to treat patients suffering from chronic lumbar disc disease. BioRestorative currently is authorized by the FDA to commence a Phase 2 clinical trial using BRTX-100.
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CNHI | Hot Stocks05:56 EST CNH Industrial acquires NX9, terms undisclosed - CNH Industrial announced that it has acquired NX9, a software suite specialized in delivering ISOBUS core technologies and applications for agricultural equipment, and related intellectual property rights. It will openly integrate streamlined ISOBUS capabilities across the electrical vehicle architecture of CNH Industrial's core agriculture product portfolio, predominantly tractors and implements. This will allow for connection and command and control, including for mixed fleets; accelerate in-development projects; and bring in-machine solutions to market faster.
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NAOV | Hot Stocks05:32 EST NanoVibronix announces accelerated sales for Painshield - NanoVibronix announced that sales of its Painshield device to the Veterans Administration, or VA, has been accelerating. Brian Murphy, CEO of Nanovibronix, stated, "Sales of our PainShield device to the VA commenced mid-summer, and we are pleased to report that adoption is happening at a relatively rapid pace in the first facilities where it is available. All indications appear to us to show that our revolutionary device is recognized as an effective treatment, as our devices are being prescribed by VA healthcare providers at an increasing rate to remedy pain suffered by so many of our veterans. Furthermore, we are experiencing higher than usual reorders of the disposables that accompany the device, which generally signals a high level of patient compliance and satisfaction. The VA is committed to finding better ways to manage pain, limit the risks of opioid therapy and address the growing epidemic of opioid misuse. As a non-opioid alternative, PainShield aligns directly with these goals."
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JKS | Hot Stocks05:25 EST JinkoSolar subsidiary secures distribution agreement with Aldo Solar - JinkoSolar announced that its principal operating subsidiary, Jinko Solar and Aldo Solar, which is the largest distributor of solar energy solutions in Brazil with 31% market share, reinforce their partnership for 2022 with the signing of the largest distribution agreement for Distributed Generation ever signed by Jinko Solar outside China. Under the agreement, approximately 4M photovoltaic modules will be distributed, equivalent to 2 GW of installed power. The contract assures the resellers and installers of solar energy in Brazil the continuity of the commercialization of the Tiger Pro family of panels.
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MRNA | Hot Stocks05:23 EST Moderna announces revised COVID-19 vaccine supply agreement with UK government - Moderna announced a revised supply agreement with the UK government for up to 60M doses of Moderna's COVID-19 vaccine, which may include authorized booster vaccine candidates, with up to 29M doses expected to be delivered in 2022 and up to 31M doses expected to be delivered in 2023. Under the agreement, the UK government retains a right to increase its purchases in 2022 and 2023 by up to 20% above the contracted volumes, or to decrease by the same amount.
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WE | Hot Stocks05:21 EST WeWork comments on plans to restate financial results of BowX Acquisition Corp. - WeWork issued the below statement regarding its Form 8-K filed with the Securities and Exchange Commission on December 1, which disclosed plans to restate the financial results of its predecessor, BowX Acquisition Corp. The company said, "WeWork's plans to restate the financial statements of its predecessor, BowX, are unrelated to WeWork's current operations and WeWork's financial statements. The "material weakness" referenced in the filing today existed at BowX and does not carry over to WeWork. It is related to the interpretation and accounting for the BowX Class A public shares classified as permanent or temporary equity prior to the merger with WeWork. The underlying economics of the SPAC, de-SPAC transaction proceeds, sources and uses, and valuation at close were not impacted."
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WKEY | Hot Stocks05:19 EST WISeKey to launch new collection of art NFTs - WISeKey announced the launch of an international new collection of art NFTs during Art Basel Miami Beach week. The WISe.ART NFT gallery has opened online for the Miami Art Week with artists like Luca Bonfanti, Vika Kova, Marcella Moser, Mike Nwogugu and Pedro Sandoval. Artworks will go on sale on February 14, 2022.
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QGEN | Hot Stocks05:17 EST Qiagen receives CE mark for QuantiFERON SARS-CoV-2 assay - Qiagen announced the CE marking of its QuantiFERON SARS-CoV-2 assay that measures T-cell responses to SARS-CoV-2 and aids in the assessment of immunity in individuals who have received COVID-19 vaccination.
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RDS.A RDS.B | Hot Stocks05:14 EST Royal Dutch Shell commences $1.5B share buybacks from Permian sale - Royal Dutch Shell announced the commencement of up to $1.5B of share buybacks, being the first tranche of the $7B shareholder distributions from the sale of the company's Permian business in the United States. The form and timing for distributing the remaining $5.5B will be announced in early 2022. These distributions are in addition to our shareholder distributions in the range of 20%-30% of cash flow from operations. The company has entered into an arrangement with a broker to enable the purchase of A ordinary shares and/or B ordinary shares for a period up to and including January 28, 2022. The aggregate maximum consideration for the purchase of A ordinary shares and/or B ordinary shares is $1.5B. All shares repurchased as part of this arrangement will be cancelled. The maximum number of ordinary shares which may be purchased by the company under this arrangement is 687,166,438, which is the maximum pursuant to the authority granted by shareholders at the company's annual general meeting, less the number of ordinary shares that were repurchased by the company pursuant to the share buyback program announced on July 29. The shares bought back under this arrangement will be whichever of the A ordinary shares and/or B ordinary shares traded in the GBP denomination is economically the least expensive on a given trading day. The broker will make its trading decisions in relation to the company's securities independently of the company. The share buybacks will be carried out on the London Stock Exchange and/or on BATS and/or on Chi-X and will be effected within certain pre-set parameters.
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GSK VIR | Hot Stocks05:11 EST GlaxoSmithKline, Vir report sotrovimab retains activity against omicron variant - GlaxoSmithKline (GSK) and Vir Biotechnology (VIR) announced an update to bioRxiv, a preprint server, with preclinical data demonstrating that sotrovimab, an investigational monoclonal antibody, retains activity against key mutations of the new omicron SARS-CoV-2 variant, including those found in the binding site of sotrovimab. These data were generated through pseudo-virus testing of specific individual mutations found in omicron. To date, sotrovimab has demonstrated ongoing activity against all tested variants of concern and interest defined by the World Health Organization, or WHO. The companies are now completing in vitro pseudo-virus testing to confirm the neutralizing activity of sotrovimab against the combination of all the omicron mutations with the intent to provide an update by the end of 2021.
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CTK | Hot Stocks05:06 EST CooTek to focus on Metaverse, NFT assets - CooTek announced that the company has been focusing on developing digital content and interactive game products related to Metaverse, and building up the digital content copyright system based on Non-Fungible Token, or NFT, cryptographic assets on blockchain. The company will establish its proprietary IP, technology and product systems, and deploy in the fields of Metaverse and NFT as the company's long-term development strategy.
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NVEE... | Hot Stocks04:55 EST NV5 Global to replace Raven in the S&P 600 at open on 12/2 - NV5 Global (NVEE) will replace Raven Industries (RAVN) in the S&P SmallCap 600. CNH Industrial (CNHI) is acquiring Raven Industries in a transaction expected to be completed on November 30.
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CARS... | Hot Stocks04:55 EST Cars.com to replace DSP Group in the S&P 600 at open on 12/2 - Cars.com (CARS) will replace DSP Group (DSPG) in the S&P SmallCap 600. S&P MidCap 400 constituent Synaptics (SYNA) is acquiring DSP Group in a deal expected to be completed on December 2.
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KAR... | Hot Stocks04:55 EST KAR Auction to replace Meredith in the S&P 600 at open on 12/2 - Bruker BioSciences Corp. (BRKR) will replace KAR Auction Services (KAR) in the S&P MidCap 400, and KAR Auction Services will replace Meredith Corp. (MDP) in the S&P SmallCap 600. Meredith is being acquired in a two-step transaction that is expected to be completed on or about December 1. KAR Auctions is more representative of the small-cap market space.
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BRKR... | Hot Stocks04:55 EST Bruker to replace KAR Auction in the S&P 400 at open on 12/2 - Bruker BioSciences Corp. (BRKR) will replace KAR Auction Services (KAR) in the S&P MidCap 400, and KAR Auction Services will replace Meredith Corp. (MDP) in the S&P SmallCap 600. Meredith is being acquired in a two-step transaction that is expected to be completed on or about December 1. KAR Auctions is more representative of the small-cap market space.
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