Stockwinners Market Radar for December 14, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
SBUX | Hot Stocks19:09 EST Starbucks chief partner officer Lis sells 6,000 common shares - In a regulatory filing, Starbucks executive VP and chief partner officer Angela Lis disclosed the sale of 6,000 common shares of the company on December 10 at a price of $116.88 per share.
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PBR HLX | Hot Stocks18:39 EST Helix Energy extends contracts with Petrobras - Helix Energy Solutions Group (HLX) announced that it has entered into an extension of its well intervention charter and services contracts for the Siem Helix 2 offshore Brazil with Petroleo Brasileiro (PBR). The initial four-year contract for the Siem Helix 2 has been extended by one year at a reduced rate reflective of the current market. The Siem Helix 2 is now set to remain under contract with Petrobras until mid-December 2022 performing riser-based well intervention activities. The Siem Helix 2 is a purpose-built, advanced well intervention vessel capable of performing a wide range of subsea services including production enhancement, well decommissioning, subsea installation work, offshore crane and ROV operations, offshore construction work and emergency response capabilities.
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ABBV | Hot Stocks18:38 EST AbbVie announces FDA approved RINVOO for psoriatic arthritis - AbbVie announced that the FDA has approved RINVOQ, or upadacitinib, for the treatment of adults with active psoriatic arthritis, or PsA, who have had an inadequate response or intolerance to one or more tumor necrosis factor, or TNF, blockers. "The efficacy of RINVOQ in relieving the many manifestations of psoriatic arthritis is well-characterized in two large, long term clinical studies," said Michael Severino, vice chairman and president, AbbVie. "This new approval underscores our mission to deliver a portfolio of therapies that can help more people with rheumatic diseases achieve disease control." The FDA approval is supported by data from two pivotal Phase 3 trials, SELECT-PsA 1 and SELECT-PsA 2, which assessed the efficacy, safety and tolerability of RINVOQ in patients with PsA.2,3 In both studies, the safety profile in patients with active PsA treated with RINVOQ 15 mg was consistent with the safety profile observed in patients with rheumatoid arthritis.
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BMBL | Hot Stocks18:30 EST Bumble CEO: Business has remained largely unaffected from omicron - In an interview on CNBC's Mad Money, Whitney Wolfe Herd said, "We are a business that serves a very wide TAM." Demand doesn't change with lockdowns or new variants, she noted. Bumble tries to make safety foundational. Everything is done with safety in mind, she added. "We've grown because we've built an app with better behavior at the helm," she said.
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ABBV | Hot Stocks18:28 EST AbbVie announces FDA approval of Rinvoq for active psoriatic arthritis - AbbVie announced that the U.S. FDA has approved Rinvoq for the treatment of adults with active psoriatic arthritis who have had an inadequate response or intolerance to one or more tumor necrosis factor blockers.
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BMBL | Hot Stocks18:26 EST Bumble CEO: Business has remained largely unaffected from omicron - In an interview on CNBC's Mad Money, Whitney Wolfe Herd said, "We are a business that serves a very wide TAM." Demand doesn't change with lockdowns or new variants, she noted. Bumble tries to make safety foundational. Everything is done with safety in mind, she added. "We've grown because we've built an app with better behavior at the helm." she said.
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ABBV | Hot Stocks18:22 EST AbbVie announces FDA approved RINVOO for psoriatic arthritis - AbbVie announced that the FDA has approved RINVOQ, or upadacitinib, for the treatment of adults with active psoriatic arthritis, or PsA, who have had an inadequate response or intolerance to one or more tumor necrosis factor, or TNF, blockers. "The efficacy of RINVOQ in relieving the many manifestations of psoriatic arthritis is well-characterized in two large, long term clinical studies," said Michael Severino, vice chairman and president, AbbVie. "This new approval underscores our mission to deliver a portfolio of therapies that can help more people with rheumatic diseases achieve disease control." The FDA approval is supported by data from two pivotal Phase 3 trials, SELECT-PsA 1 and SELECT-PsA 2, which assessed the efficacy, safety and tolerability of RINVOQ in patients with PsA.2,3 In both studies, the safety profile in patients with active PsA treated with RINVOQ 15 mg was consistent with the safety profile observed in patients with rheumatoid arthritis.
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VIR | Hot Stocks18:21 EST Vir Biotechnology's data showed antigenic shift in omicron from sotrovimab - Vir Biotechnology "announced new preclinical data, published to the preprint server bioRxiv, demonstrating the impact of the significant antigenic shift of the new SARS-CoV-2 Omicron variant. A significant reduction in plasma neutralizing activity was observed against Omicron in sera from vaccinated and convalescent individuals. Researchers also tested the in vitro neutralizing activity of 44 monoclonal antibodies. Data demonstrate that sotrovimab and five other preclinical mAbs, developed by Vir in conjunction with GlaxoSmithKline, retained their in vitro neutralizing activity against Omicron. These preclinical results were generated through pseudo-virus testing, and support recent pre-published findings from Vir researchers1, as well as other independent laboratories and institutions. These data confirm Omicron's immune evasion and its impact on the neutralizing activity of the majority of tested monoclonal antibody therapies that target the receptor binding motif and other areas of the spike protein that are more prone to mutate." Chief Scientific Officer Herbert "Skip" Virgin states: "While we work to better understand the potential impact of the significant number of mutations in the Omicron variant and its anticipated trajectory, it is encouraging to see such a high level of consistency across a rapidly growing body of preclinical data generated from both industry and academia. These results, together with new data from external sources, continue to validate our approach of targeting a highly conserved region of the spike protein. We believe this strategy is responsible for sotrovimab's ability to maintain activity against all tested variants of concern and interest, including Omicron."
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CMI | Hot Stocks18:13 EST Cummins announces $2B share repurchase program - On December 14, the Board of Directors of Cummins authorized the company to repurchase up to $2B in shares of common stock upon completion of its 2019 $2B share repurchase program.
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LAZR | Hot Stocks18:03 EST Luminar CFO buys $240.8K in common stock - In a regulatory filing, Luminar disclosed that its CFO Thomas Fennimore bought 16K shares of common stock on December 14th in a total transaction size of $240.8K, boosting his stake by about 4%. Shares of Luminar are up 2.7% afterhours at $15.48.
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S | Hot Stocks17:52 EST SentinelOne director buys $1.44M in common stock - In a regulatory filing, SentinelOne disclosed that its director Mark Peek bought 30K shares of common stock on December 13th in a total transaction size of $1.44M, boosting his stake by 276%. Shares of SentinelOne are up 5.3% afterhours at $48.91.
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RWAY | Hot Stocks17:44 EST Runway Growth Finance CEO and CFO each buys $315.2K in common stock - In a regulatory filing, Runway Growth Finance disclosed that CEO David Spreng and CFO Thomas Raterman each bought 23.3K shares of common stock on December 13th in two transactions of $315.2K.
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RTX | Hot Stocks17:21 EST Raytheon Technologies awarded $269.03M Navy contract modification - Raytheon was awarded a $269.03M firm-fixed-price modification to a previously awarded contract in support of the fiscal 2021-2023 Evolved Seasparrow Missile, or ESSM, Block 2 full rate production requirements. Work is expected to complete March 2025. FY20 other customer funds in the amount of $16.42M; FY22 other customer funds in the amount of $144.06M; FY21 weapons procurement funds in the amount of $17.31M and FY22 weapons procurement funds in the amount of $91.25M will be obligated at time of award and will not expire at the end of the current fiscal year. The Naval Sea Systems Command is the contracting activity.
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BRO | Hot Stocks17:16 EST Brown & Brown Dealer Services acquires assets of Rainmaker - J. Scott Penny, Chief Acquisitions Officer of Brown & Brown and Ryan Hanlon, owner of Rainmaker Advisory, announced that Brown & Brown Dealer Services, or BBDS, has acquired substantially all of the assets of Rainmaker. Ryan Hanlon is a seasoned advisor regarding F&I product and reinsurance planning for auto and RV dealers. The Rainmaker operations will join Brown & Brown Dealer Services under the leadership of Mike Neal. Ryan and the Rainmaker team will continue operating from their offices in Ventura, California.
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EOSE LDL | Hot Stocks17:07 EST Eos Energy appoints Randall Gonzales as CFO - Eos Energy (EOSE) announced that Randall Gonzales has been appointed CFO, to succeed Sagar Kurada who has announced his intention to resign, effective January 11, 2022. As CFO, Gonzales will lead Eos's finance organization and financial activities including accounting and controllership, financial planning and analysis, tax, investor relations and treasury. Gonzales previously served as executive VP, CFO, and Treasurer of Lydall (LDL), a global provider of specialty filtration and engineered materials solutions where he led the company's accounting and finance, strategy and transformation, tax, treasury, internal audit, investor relations, and information technology organizations.
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LLY | Hot Stocks17:02 EST Eli Lilly's mirikizumab meets primary endpoint in Phase 3 study - Eli Lilly and Company announced that mirikizumab met the primary endpoint of clinical remission and all key secondary endpoints at one year in LUCENT-2, a Phase 3 maintenance study evaluating the efficacy and safety of mirikizumab for the treatment of patients with moderately-to-severely active ulcerative colitis, or UC. Patients in this study were previously enrolled in a 12-week induction study, LUCENT-1. These results build on the positive outcomes from LUCENT-1. With these data, Lilly plans to submit a Biologics License Application to the FDA for mirikizumab in UC, followed by submissions to other regulatory agencies around the world in the first half of 2022. Topline results from the Phase 3 induction study, LUCENT-1, were announced in March 2021. Data from the Phase 3 LUCENT program, including results from LUCENT-1 and LUCENT-2, will be disclosed at upcoming congresses and in publications in 2022. Additional Phase 3 clinical trials are ongoing for mirikizumab in Crohn's disease.
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RUSHA | Hot Stocks17:01 EST Rush Enterprises acquires certain assets of Summit Truck Group for $205M - Rush Enterprises announces that it "has acquired certain assets of Summit Truck Group, one of the largest International brand commercial vehicle dealership groups in the United States. The acquisition, which is the largest acquisition in the Company's history, expands the Company's network of Rush Truck Centers to 125 franchised dealership locations in 22 states. The operations associated with the assets acquired from Summit Truck Group had unaudited revenues of approximately $450 million in 2020. The purchase price for the assets of Summit Truck Group was approximately $205 million, excluding the real property associated with the transaction."
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OPY | Hot Stocks16:59 EST Oppenheimer Holdings declares $1.00 special cash dividend - Oppenheimer Holdings announced that its Board of Directors has declared a special cash dividend on the Company's Class A non-voting and Class B voting common stock of $1.00 per share, payable December 31 to shareholders of record at the close of business on December 27. The aggregate payment will be approximately $12.5M. The special dividend will be funded through existing cash. Albert G. Lowenthal, Chairman and CEO commented: "We are pleased that the Firm's operating results for a second consecutive year have been outstanding, permitting us to again reward shareholders with a special year-end dividend of $1.00 per share. This is in addition to the 3c, or 25%, increase in the quarterly dividend to 15c per share effective in the Q2. Despite recent market turbulence surrounding Coronavirus variants, we remain optimistic about the Company's competitive position and prospects in a continuing strong economy."
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MPC ADM | Hot Stocks16:56 EST Marathon Petroleum and Archer Daniels to close joint venture - Marathon Petroleum (MPC) and ADM (ADM) announced the closing of their joint venture to produce soybean oil to supply the rapidly growing demand for renewable diesel fuel. The joint venture, which is named Green Bison Soy Processing, will own and operate a soybean processing complex in Spiritwood, North Dakota, with ADM owning 75% of the joint venture and MPC owning 25%, as previously announced in August. Expected to be complete in 2023, the $350M Spiritwood facility will source and process local soybeans and supply the resulting soybean oil exclusively to MPC. The Spiritwood complex is expected to produce approximately 600M pounds of refined soybean oil annually, enough feedstock for approximately 75M gallons of renewable diesel per year.
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GRWG | Hot Stocks16:54 EST GrowGeneration announces retirement of COO Tony Sullivan - GrowGeneration announced the retirement of Tony Sullivan, executive vice president and COO, effective immediately.
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IIPR | Hot Stocks16:53 EST Innovative Industrial acquires 100% leased portfolios of 27 properties - Innovative Industrial Properties announced that it closed on the acquisition of a portfolio of 27 properties in Colorado, Pennsylvania and North Dakota that are 100% leased for use as regulated cannabis dispensing, processing and/or cultivation facilities. The aggregate purchase price for the portfolio was approximately $72.7M excluding transaction costs. The property portfolio consists of 24 properties located in Colorado, two properties located in North Dakota and one property located in Pennsylvania. 16 properties are leased to a subsidiary of Columbia Care Inc.; four properties are leased to subsidiaries of Medicine Man Technologies, Inc.; three properties are leased to subsidiaries of Curaleaf Holdings, Inc.; three properties are leased to subsidiaries of LivWell Holdings, Inc.; and one property is leased to a subsidiary of Southwest Alternative Care, LLC. As the pioneering real estate investment trust for the regulated cannabis industry, IIP partners with experienced, regulated cannabis operators and serves as a source of capital by acquiring and leasing back their real estate assets, in addition to offering other creative real estate-based capital solutions. "This transaction represents an outstanding addition to our portfolio, and we are thrilled to continue to expand on our long-term real estate partnerships with Columbia Care, Curaleaf and LivWell, in addition to welcoming Kaya Cannabis and Schwazze to our tenant roster," said Paul Smithers, President and Chief Executive Officer of IIP. "The purchase of this portfolio also provides us an opportunity to efficiently add well-located retail space to our portfolio, with strong, established operators in place."
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F | Hot Stocks16:49 EST Ford chairman William Ford buys $8.5M in common stock - In a regulatory filing, Ford disclosed that its chairman William Clay Ford bought 412.5K shares of common stock on December 10th in a total transaction size of $8.5M, boosting his stake by about 3%.
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GCO | Hot Stocks16:45 EST Genesco signs U.S. license for Etonic footwear - Genesco has signed a new three-year licensing agreement with heritage running brand ETONIC to be its exclusive U.S. and Canadian footwear licensee. The deal includes two three-year renewal options, which would extend the partnership through January 31, 2030. Genesco will design and manufacture Etonic brand lifestyle footwear for men, women, and kids with suggested retail prices ranging from $50 to $110.
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MFA | Hot Stocks16:39 EST MFA Financial raises quarterly dividend to 11c from 10c per share - The dividend will be paid on January 31, 2022, to common stockholders of record on December 31, 2021.
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LAUR | Hot Stocks16:34 EST Laureate Education raises share repurchase program to $600M - Laureate Education announced that its board of directors approved an increase in the company's existing share repurchase program, from $500M to $600M, to acquire shares of the company's common stock. The company has repurchased approximately $435M of shares under the authorization to-date. The company expects to finance the additional $100M of repurchases with cash on-hand or from its revolving credit facility, or a combination thereof. The company also expects to complete the repurchase program in the first half of 2022, dependent on market conditions.
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PANL | Hot Stocks16:34 EST Pangaea Logistics announces passing of CEO/Chairman Ed Coll - Pangaea Logistics announces the death of Ed Coll, its Chairman and CEO and one of its founders. Pangaea's Board of Directors has made the company's temporary succession plan a permanent one, appointing Mark Filanowski, the company's Chief Operating Officer, as CEO. Mr. Richard du Moulin, a long-time Director of the Company, has been appointed Chairman of the Board of Directors. Mr. Claus Boggild, a founder and Director of the company, has been appointed as a Lead Independent Director.
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DWAC | Hot Stocks16:33 EST Trump Media announces partnership with Rumble Inc. - Trump Media & Technology Group, which has agreed to go public through a merger with Digital World Acquisition, announced that it has entered into a wide-ranging technology and cloud services agreement with Rumble Inc. As part of the partnership, Rumble will deliver video and streaming for TRUTH Social. TMTG and Rumble are also in exclusive negotiations for Rumble to provide infrastructure and video delivery services for TMTG's Subscription Video On-Demand product, TMTG+. President Donald J. Trump, Chairman of TMTG, commented, "As part of our mission, TMTG continues to align with service providers who do not discriminate against political ideology. Therefore, I have selected the Rumble Cloud to serve as a critical backbone for TMTG infrastructure. TMTG has already launched Truth Social on the Rumble Cloud for invited guests only, and the initial Beta launch has been excellent. America is ready for TRUTH Social, and the end to cancel culture."
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SGH | Hot Stocks16:33 EST SGH announces Silver Lake-nominated directors will not stand for re-election - SGH announced that Silver Lake-nominated directors Ajay Shah and Jason White will not stand for re-election at the SGH 2022 annual meeting of shareholders, following Silver Lake's recent sell down of its ownership position in the company. Mukesh Patel, director and co-founder, will also step down as of the 2022 annual meeting. With this change, the SGH board will be entirely independent, with the exception of SGH director and chief executive officer Mark Adams.
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BEN | Hot Stocks16:32 EST Franklin Resources raises quarterly dividend 4% to 29c per share - Payable on January 14, 2022 to stockholders of record holding shares of common stock at the close of business on December 31, 2021.
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AVIR | Hot Stocks16:32 EST Atea introduces new clinical development program for AT-527 in COVID-19 - Atea Pharmaceuticals announced an updated strategy for AT-527 to address the rapidly evolving SARS-CoV-2 and emerging variants by maximizing the compound's unique profile for potential use as both a monotherapy and in combination. Taking into account the changing COVID-19 landscape with the anticipated availability of new antiviral treatment regimens, the global Phase 3 MORNINGSKY trial will be closed out and the ongoing Phase 2 hospitalized trial will be further amended to expand enrollment to unvaccinated, high-risk outpatients. Atea expects to provide a more detailed update on its strategy and new development plan in 2022. "We believe strongly in AT-527's potential to combat the evolving SARS-CoV-2 and emerging variants as a monotherapy and as an important backbone in potential combination therapy," said Jean-Pierre Sommadossi, PhD, Chief Executive Officer and Founder of Atea Pharmaceuticals. "Our new strategy enables us to rapidly drive forward a plan to maximize AT-527's unique profile with a development approach designed to meet the current and future needs of COVID-19, which may include the emergence of new variants and drug resistance to other therapies."
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KBR | Hot Stocks16:31 EST KBR awarded eight prime contracts on ASTRO contract - KBR was awarded eight prime contracts as a part of the General Services Administration ASTRO multiple award, indefinite delivery/indefinite quantity contract, which encompasses services related to manned, unmanned, and optionally manned systems, robotics, and platforms. ASTRO, which is administered by GSA's Federal Systems Integration and Management Center (FEDSIM), has 10 separate, multiple award IDIQ contracts or pools. KBR was named a prime contractor on eight pools: data operations, mission operations, ground, space, development and systems integration, research, support, and training. Each contract has a five-year base, with the option to extend five more years. There is no maximum dollar ceiling for the ASTRO contract as a whole or for each individual pool, though the contract is estimated to be in the multi-billion-dollar range.
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INCY | Hot Stocks16:31 EST Incyte says FDA accepts ruxolitinib cream sNDA for priority review - Incyte announced that the U.S. Food and Drug Administration has accepted for Priority Review the supplemental New Drug Application for ruxolitinib cream 1.5% a topical JAK inhibitor, as a potential treatment for adolescents and adults with vitiligo. The FDA grants Priority Review to medicines that may offer a major advance in treatment where none currently exists. The Prescription Drug User Fee Act target action date is April 18, 2022. "Vitiligo is a chronic autoimmune disease that can have a profound impact on people's lives," said Jim Lee, M.D., Ph.D., Group Vice President, Inflammation & Autoimmunity, Incyte. "Currently, there are no FDA-approved drug therapies for repigmentation in people with vitiligo. The FDA's acceptance of our sNDA for ruxolitinib cream brings us one step closer to offering patients with vitiligo an additional treatment option." The sNDA is supported by data from the Phase 3 TRuE-V clinical trial program evaluating the safety and efficacy of ruxolitinib cream in more than 600 people with non-segmental vitiligo, age 12 and older. Results from the Phase 3 program were recently presented at the 30th European Academy of Dermatology and Venereology congress during a late-breaking research session. The data showed that at Week 24, 29.9% of patients applying ruxolitinib cream achieved greater than or equal to75% improvement from baseline in the facial Vitiligo Area Scoring Index, the primary endpoint.
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TTC | Hot Stocks16:30 EST Toro Company raises quarterly dividend 14% to 30c per share - This dividend is payable on January 11, 2022, to shareholders of record on December 28, 2021.
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PXS | Hot Stocks16:17 EST Pyxis Tankers receives 180 day extension from Nasdaq to meet minimum bid price - Pyxis Tankers announced that on December 14, it received a notification letter from Nasdaq, granting the company an additional 180-day extension, or until June 13, 2022, to regain compliance with the minimum bid price requirement under Nasdaq's listing rules.
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SGA | Hot Stocks16:16 EST Saga Communications declares 50c special cash dividend - Saga Communications announced that its Board of Directors declared a quarterly cash dividend of 16c per share and a special cash dividend of 50c per share. The dividend will be paid on January 14, 2022, to shareholders of record on December 27. The aggregate amount of the payment to be made in connection with the quarterly and special dividends will be approximately $4.0M. The quarterly and special cash dividends will be funded by cash on the Company's balance sheet. Including this dividend, the Company will have paid over $77M in dividends to shareholders since the first special dividend was paid in 2012.
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AVCT | Hot Stocks16:16 EST AVCtechnologies in equities securities purchase agreement, proceeds $25M - American Virtual Cloud Technologies announced that it has entered into a securities purchase agreement for a sale of equity securities to an institutional investor. The initial gross proceeds from the current sale will total $25M, and combined with the November equity raise, may provide up to approximately $76M of gross cash proceeds to the company in aggregate, if and when all warrants issued pursuant to the transactions are fully exercised. AVCtechnologies previously announced a strategic focus on acquisitions and organic growth in its cloud technologies business and to explore strategic opportunities for its IT solutions business, including the planned divestiture of Computex Technology Group. The Company expects that the latest placement and expected proceeds from its proposed disposition of Computex will fully fund the Company's current growth plan through 2022 and completely eliminate its debt. "The newly issued shares of common and preferred stock which result from these placements allow for a broader base of non-affiliated shareholders, which we believe will create a better trading environment for our investors and improved liquidity in the marketplace," said Darrell J. Mays, CEO of AVCtechnologies. "We look forward to deploying these resources and employing our industry-leading suite of products and services to achieve our previously announced revenue guidance." Larry Mock, AVCtechnologies' Board Chair, said, "This investment will not only strengthen AVCtechnologies' balance sheet but will also improve its agility in the market. I continue to have the utmost conviction in AVCtechnologies' growth prospects." AVCtechnologies delivers a full suite of cloud-based Unified Communications as a Service capabilities to its cloud customers through its carrier-grade Kandy Business Solutions including Cloud PBX, Smart Office UC Clients, Collaboration, Contact Center, and SIP Trunks. The projected annual growth of the Kandy Business Unit comes as a result of deeper penetration by existing enterprise customers including IBM, AT&T, and Etisalat and expansion into new customer relationships.
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PFE | Hot Stocks16:13 EST FDA approves Pfizer's XELJANZ in active ankylosing spondylitis - Pfizer "announced that the FDA has approved the supplemental New Drug Application for XELJANZ / XELJANZ XR, or tofacitinib, for the treatment of adults with active ankylosing spondylitis who have had an inadequate response or intolerance to one or more tumor necrosis factor blockers. The approval of XELJANZ for AS is based on data from a Phase 3, multicenter, randomized, double-blind, placebo-controlled study that evaluated the efficacy and safety of tofacitinib 5 mg twice daily versus placebo in 269 adult patients living with active AS. The study met its primary endpoint showing that at week 16, the percentage of patients achieving an Assessment in SpondyloArthritis international Society 20 response was significantly greater with tofacitinib (56.4%, n= 75) versus placebo (29.4%, n=40). In addition, the percentage of patients achieving an ASAS40 response was significantly greater with tofacitinib (40.6%, n=54) versus placebo (12.5%, n=17) ), a key secondary endpoint of the study. ASAS20/40 are used for defining improvement or response to treatment. The safety profile observed in patients with AS treated with XELJANZ was consistent with the safety profile observed in rheumatoid arthritis and psoriatic arthritis patients."
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AA ATH | Hot Stocks16:11 EST Alcoa purchases additional group annuity contracts - Alcoa Corporation (AA) announced the purchase of additional group annuity contracts that will further enhance the company's strong balance sheet, reduce the risk of volatility in pension plans and secure the company's commitments to retirees and beneficiaries. The additional annuity contracts with two subsidiaries of Athene Holding, Ltd. (ATH) will facilitate the transfer of approximately $500 million of pension obligations and related assets associated with defined benefit pension plans for certain United States retirees and beneficiaries. The transfer complements a prior annuitization announced last month for certain U.S. pension plans. That action, which is now complete, included approximately $1B of pension obligations and related assets. As a result of the action announced today, Athene will assume later this month obligations for approximately 2,600 participants. There will be no benefit changes for those covered by the pension plans. Athene, through its subsidiaries, is a leading retirement services company with total assets of $224.4B as of September 30, 2021. With operations in the United States, Bermuda and Canada, Athene specializes in helping its customers achieve financial security and is a solutions provider to institutions. Athene's principal insurance company subsidiaries have an "A" rating from A.M. Best and Fitch Ratings and an "A+" from Standard and Poor's Global Ratings. Alcoa expects to record in the fourth quarter of 2021 a non-cash settlement charge of approximately $285M, pre- and after-tax, related to the December action. When combined with the prior annuity purchase announced in November, the total charge in the fourth quarter of 2021 is approximately $850M, pre- and after-tax, or $4.48 per share.
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EQC | Hot Stocks16:11 EST Equity Commonwealth announces $150M share repurchase - Equity Commonwealth announced that its Board of Trustees authorized the repurchase, through December 31, 2022, of an additional $150M of its outstanding common shares under the company's existing share repurchase program. With this additional $150M authorized, the company now has $170.5M available for future share repurchases, including $20.5M remaining under its prior authorization that expires on June 30, 2022.
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VCYT | Hot Stocks16:09 EST Veracyte announces data demonstrating clinical utility of Envisia - Veracyte announced the publication of clinical utility data confirming the ability of the Envisia Genomic Classifier to improve diagnostic and treatment decision-making for patients with idiopathic pulmonary fibrosis. The findings, which appear online in the Annals of the American Thoracic Society, suggest that use of the test increases diagnostic accuracy, physician confidence in diagnosis, and patient referral to appropriate therapy, while also reducing invasive and potentially risky surgical lung biopsies. Findings from the study were previously presented at the CHEST Annual Meeting 2021 in October. Veracyte estimates that each year in the United States and Europe approximately 200,000 patients have unclear results following evaluation for suspected interstitial lung diseases, including IPF, which is among the most common, deadly and difficult to diagnose of these lung-scarring diseases. Among the cohort of 81 physicians who reviewed cases both pre- and post-Envisia (a total of 155 case reviews), use of the Envisia test: Increased IPF diagnosis by an absolute difference of 39%, from 47 (30%) pre-Envisia to 107 (69%) post-Envisia, and also decreased the number of unclassifiable ILD diagnoses by an absolute difference of 10.5%, from 24 (15%) to 7 (4.5%). Increased the number of physicians saying they had a high level of confidence (greater than90%) in their diagnosis by an absolute difference of 36.2%, from 9 (5.8%) pre-Envisia to 65 (42%) post-Envisia. Increased the recommendation for patients to initiate antifibrotic treatment by an absolute difference of 36.4%, from 15 (10%) pre-Envisia to 72 (46.4%) post-Envisia. Decreased the recommendation for an SLB or cryobiopsy significantly decreased from 40 (26%) pre- Envisia to 26 (17%) post-Envisia.
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PFE | Hot Stocks16:09 EST FDA approves Pfizer's XELJANZ for treatment of ankylosing spondylitis - Pfizer announced that the U.S. Food and Drug Administration has approved the supplemental New Drug Application for XELJANZ / XELJANZ XR for the treatment of adults with active ankylosing spondylitis who have had an inadequate response or intolerance to one or more tumor necrosis factor blockers. "We are proud to offer XELJANZ, a treatment option for ankylosing spondylitis that does not require an injection or an infusion, to treat this debilitating and chronic immuno-inflammatory disease," said Mike Gladstone, Global President, Inflammation & Immunology, Pfizer. "This regulatory approval affirms the clinical value and versatility of XELJANZ, the first and only Janus kinase (JAK) inhibitor approved for five indications in the United States for the treatment of patients with certain immuno-inflammatory conditions."
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ACB... | Hot Stocks16:08 EST Aurora Cannabis and 22nd Century sign license agreement with Cronos Group - Aurora Cannabis (ACB) together with 22nd Century Group (XXII) announced a three-way non-exclusive agreement to license biosynthesis intellectual property to Cronos Group (CRON), intended to assist in the advancement of research and development on the biosynthesis of cannabinoids. Biosynthesis, a process common in the pharmaceutical industry, involves using living micro-organisms to convert simple substances into complex compounds. Through biosynthesis, cannabinoids, particularly those that are rare such as cannabigerol, or CBG, cannabichromene, or CBC, and cannabinol, or CBN, are expected to be produced efficiently and reliably at high levels of purity. Through licensing agreements, Aurora and 22nd Century Group together share the global IP rights to commercialize key aspects of cannabinoid biosynthesis in plants and micro-organisms. The two companies are working closely to enforce their IP against infringing parties, as well as to actively explore commercial development opportunities.
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HBT | Hot Stocks16:07 EST HBT Financial announces new $15M stock repurchase program - HBT Financial announced that its board of directors has approved a new stock repurchase program that takes effect upon the expiration of the company's current stock repurchase program on December 31. The company will not execute additional repurchases under the current program after December 31. The new program authorizes the company to repurchase up to $15M of its common stock.
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FBHS | Hot Stocks16:07 EST Fortune Brands raises quarterly dividend to 28c from 26c per share - The dividend is payable on March 16, 2022, to stockholders of record as of the close of business on February 25, 2022.
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HOOD | Hot Stocks16:07 EST Robinhood announces acquisition of Cove Markets - Robinhood said in a post to its corporate blog: "We're excited to share that Cove Markets is joining Robinhood. Cove Markets Inc. is a cross-exchange trading platform that makes it easier for people to manage their crypto accounts. As part of the acquisition, co-founders Scott Knudsen and Victor Glava, as well as the Cove Markets team, will join the Robinhood crypto team. Robinhood and Cove Markets share a common goal of making investing in cryptocurrencies simpler and lower cost. With the Cove Markets team on board, we'll continue building a world-class crypto trading platform. The team will also help ensure our customers get the best trade execution in the crypto market." Reference Link
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RRD | Hot Stocks16:06 EST R.R. Donnelley to be acquired by Chatham Asset Management for $10.85 per share - R.R. Donnelley & Sons announced that it has entered into a definitive merger agreement to be acquired by affiliates of Chatham Asset Management in an all-cash transaction with a total enterprise value of approximately $2.3B and total equity value of approximately $897M. RRD also announced that it has terminated its previously announced merger agreement with affiliates of Atlas Holdings LLC , dated November 3, 2021, pursuant to which affiliates of Atlas had agreed to acquire RRD for $10.35 per share in cash. The Chatham transaction is expected to close in the first half of 2022, subject to customary closing conditions, including the approval of RRD stockholders and receipt of regulatory approvals.
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MYGN | Hot Stocks16:06 EST Myriad Genetics promotes Nicole Lambert to COO - Myriad Genetics announced the promotion of Nicole Lambert to COO. In her new role, she will continue to report directly to Paul Diaz, president and CEO, Myriad Genetics. Over a 20-year career at the company, Lambert served in several senior leadership positions, most recently overseeing Myriad's oncology, somen's health and international business units as well as genetic testing laboratory operations. As COO, she assumes additional responsibility for accelerating the company's transformation and growth plans, elevating products to their full potential, and implementing operational efficiencies to better serve patients and healthcare providers.
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ADBE AAPL | Hot Stocks15:38 EST Adobe adds smudge and sponge tools to Photoshop for iPad - "While working on a creative design on your iPad (AAPL), do you want to create the effect of a finger running through wet paint? Do you want to smudge lines in your artwork? Do you want to blend colors in your images? Then look no further! Use the Smudge tool, a blending tool now available in Photoshop on the iPad, to smudge lines and colors. Use the Apple Pencil for best results, or even your finger," said the company in an earlier blog posting... "To work with the Smudge tool, do the following: Make your image areas color rich with the Sponge tool...The Sponge tool, a retouching solution, is now available in Photoshop on the iPad. Use it to achieve your desired vibrancy and shade of colors, saturate or desaturate areas, and intensify or remove color," said Adobe (ADBE) in part, in a "Blend with the Smudge tool" blog entry. Reference Link
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ILMN | Hot Stocks15:24 EST Illumina, Gretel partner on genomic research - Gretel.ai announced a collaboration with Illumina to create privacy-protected, synthetic genomic data that can be accessed by medical researchers anywhere. This announcement includes the release of a successful study the partnership conducted, which proves the viability of significant new use cases for synthetic data in genomics and related fields including medical diagnosis, biotechnology, forensic biology, virology, and biological systematics. Beyond healthcare and life sciences, synthetic data has already proven effective in privacy-related use cases in other industries, such as finance and gaming, to help augment small data collections and balance biased datasets. This strategic partnership will provide healthcare and life science practitioners access to highly statistically accurate, artificial versions of complex genomic datasets that align with GDPR, CCPA, and other major privacy laws. By using synthetic data, researchers can gain access to datasets immediately and avoid lengthy approval processes by institutional review boards that can take anywhere from 6 months to a year today.
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BAC | Hot Stocks15:10 EST Bank of America CEO says planning BNPL product to 'meet customer need' - Moynihan said the bank plans to launch a Buy Now, Pay Later, or BNPL, product in the next "several months." Bank of America CEO Brian Moynihan continues being interviewed on CNBC.
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BAC | Hot Stocks15:07 EST BofA CEO says most predictions assume Fed starts raising rates next year - Bank of America CEO Brian Moynihan is being interviewed on CNBC.
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MSFT | Hot Stocks14:42 EST Microsoft says end-to-end encryption for Teams calls now available - Microsoft announced that end-to-end encryption support for one-to-one Microsoft Teams calls is now generally available. IT admins will have the option to enable and control the feature for their organization once the update has been received. Multiple enterprise customers in the US and Europe across industries such as aerospace, manufacturing, telecommunications, and professional services are in the process of rolling out E2EE for Teams calls, the company said. Reference Link
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EDIT... | Hot Stocks14:42 EST Musk says gene editing and gene therapy 'the revolution in medicine' - In reply to a tweet from Brett Winton, Director of Research at ARK Invest, tweeting a graphic about how gene editing and gene therapy companies could exceed $1 trillion in market value over the next 5 years, Tesla (TSLA) CEO Elon Musk tweeted "This is the revolution in medicine". Publicly traded companies focused on gene editing include Editas Medicine (EDIT), Crispr Therapeutics (CRSP), Intellia Therapeutics (NTLA) and Sangamo Therapeutics (SGMO). Reference Link
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COIN... | Hot Stocks14:26 EST Coinbase debuts new accessibility features for users to participate in 'DeFi' - Sid Coelho-Prabhu, Group Product Manager at Coinbase said partly, in a blog posting: "More and more people are discovering the benefits of crypto, web3, and blockchain-enabled experiences. To meet the needs of these new users, we are investing in accessible and user-friendly experiences that make it easier to participate in decentralized finance or DeFi, and collect non-fungible tokens, NFTs. We believe this is especially important for self-custody wallets given the added responsibility placed on the user in managing their own crypto. With Coinbase Wallet, we are building the most user-friendly self-custody experience in crypto, including making it easier to manage your crypto across a range of supported networks. We are also adding some of our users' most requested features to Wallet extension, including the ability to natively trade on decentralized exchanges (DEXes) and bringing NFT collections directly into the browser...We are excited to announce that your NFT collection is coming to Coinbase Wallet's browser extension. Soon, users will be able to view their NFT collection from within the Coinbase Wallet extension, easily see their NFTs' attributes, and easily access popular NFT marketplaces like OpenSea...We will be launching support for NFTs in the browser extension in just a few days, so make sure you have the latest version of the browser extension installed from the Chrome webstore." Reference Link
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ULBI | Hot Stocks14:05 EST Ultralife acquires Excell Battery Group for $23.5M in cash - Ultralife Corporation has acquired all of the outstanding shares of Excell Battery Group for $23.5M in cash, subject to customary working capital and net cash adjustments. Based in Canada with U.S. operations, Excell is an independent designer and manufacturer of high-performance smart battery systems, battery packs and monitoring systems to customer specifications. Excell serves a variety of industrial markets including downhole drilling, OEM industrial and medical devices, automated meter reading, and mining, marine and other mission critical applications which demand uncompromised safety, service, reliability and quality. For the trailing twelve-month period ended November 30, 2021, Excell generated revenues of $21.2M. The transaction is expected to be accretive on an EPS basis within twelve months. "Acquisitions have been and remain an important component of our strategy to diversify commercial revenue and expand the end markets we serve. With this transaction, we are advancing that strategy while adhering to our disciplined approach," said Michael D. Popielec, President and Chief Executive Officer. "Acquiring Excell offers us opportunities to further scale our Battery & Energy Products business and drive the proven operating leverage of our business model, expand into OEM device verticals that we do not presently serve, enhance our contributed value to both our customers and realize cost synergies. Importantly, Excell possesses experienced technical resources which we plan to utilize in progressing our global new product initiatives while adding a complementary line of highly engineered products that are costly to switch out. Finally, with an organizational culture and business model similar to our own, we look forward to a seamless integration process and welcome the Excell Team to Ultralife."
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NVEI | Hot Stocks14:05 EST Nuvei teams with FTX for 'instant payment solutions' for digital currencies - Nuvei announced it has entered into a partnership with FTX Trading, owner and operator of FTX.COM, a global cryptocurrency exchange. "This partnership with Nuvei will enable FTX to provide its users instant payment solutions for an enhanced customer journey and experience. Through this collaboration, FTX can now offer users access to Nuvei's innovative payment solutions that significantly improves the user journey, enabling instant deposits that support high value transactions. This in return will help FTX's users to buy cryptocurrencies faster and in a more secured way." announced the company in a statement. "Our partnership with FTX demonstrates Nuvei's leadership in the growing cryptocurrency vertical and shows our ability to provide innovative solutions for customers of all types around the world," said Philip Fayer, Nuvei's Chair and CEO. "FTX is one of the world's largest digital currency exchanges, and we are thrilled to partner with them to help simplify the transaction experience for their customers and speed processing times. Together, we will provide instant payment deposits, supporting the higher value transactions that are often required in cryptocurrency trading. We look forward to continuing our collaboration with FTX and to expand the partnership to provide more APMs and enable payouts, bringing the latest innovations to their payment capabilities." "We want our users to have a frictionless experience and be able to convert from fiat to crypto and back seamlessly. We are thrilled to partner with an innovative company like Nuvei to provide a reliable payment on and off-ramp for our users," said Sam Bankman-Fried, founder and CEO of FTX.
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UBER | Hot Stocks13:16 EST Uber rises as CEO says 'best week ever' for bookings, trends 'quite positive' - Presenting at fireside chat with an analyst from UBS, Uber CEO Dara Khosrowshahi said that, "We're not fully recovered from the pandemic. At the same time, last week was our best week ever in terms of overall gross bookings as a company. Mobility had its best week in terms of COVID recovery this last week. Delivery had its best week as well. All of the trends are quite positive." In Tuesday afternoon trading, shares of Uber have gained almost 5% to $37.46.
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ACHC | Hot Stocks13:04 EST Acadia Healthcare forms joint venture with SCL for behavioral health facility - Acadia Healthcare Company announced that it has formed a joint venture with SCL Health. The new partnership will build a new 144-bed facility in the Denver area. The new freestanding behavioral health hospital will expand comprehensive inpatient and outpatient services to address the growing need for accessible, high-quality behavioral health services in the Denver metro area. The facility is expected to open in the middle of 2023.
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CPB | Hot Stocks12:54 EST Campbell expands cost savings program to $1B by end of fiscal 2025 - Campbell Soup held its investor today and issued a press release with highlights. The company said, "Campbell will expand its enterprise cost savings program from $850 million to $1 billion by the end of fiscal 2025 through programs focused on indirect spending, supply chain improvements and ongoing refinement of the company's operating model. Approximately two-thirds of the additional savings will be driven by the Snacks margin improvement program - delivering savings through effective cost management and further manufacturing network optimization. The balance of the savings will come from incremental enterprise and Meals & Beverages-related cost savings initiatives."
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CPB | Hot Stocks12:52 EST Campbell Soup plans to make sauces business $1B franchise - Campbell Soup held its investor today and issued a press release with highlights. The company said, "With at-home quick scratch cooking continuing to increase in relevance, Campbell's Italian and Mexican sauce businesses are well-positioned to continue to capture market share and grow. The company outlined a goal to expand the sauces business to a $1 billion franchise through a 3% annual sales growth rate in the core business, in addition to brand and segment extensions."
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RDY | Hot Stocks12:27 EST Dr. Reddy's, Prestige BioPharma announce partnership for trastuzumab biosimilar - Prestige BioPharma and Dr. Reddy's Laboratories announced that the two companies have entered into a binding agreement for an exclusive partnership for the supply and commercialization of Prestige BioPharma's proposed trastuzumab biosimilar in select countries in Latin America and Southeast Asia. Prestige BioPharma's trastuzumab is a proposed biosimilar for the treatment of HER2 +ve breast and metastatic gastric cancer. Under this partnership, Prestige BioPharma will be responsible for sustainable commercial supply of HD201 from its manufacturing facilities in Osong, South Korea, while Dr. Reddy's will be responsible for local registrations, marketing and sales in the licensed territories.
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ZBRA | Hot Stocks12:25 EST Zebra Technologies director Modruson sells 2,000 class A shares - In a regulatory filing, Zebra Technologies director Frank Blaise Modruson disclosed the sale of 2,000 class A common shares of the company on December 13 at a price of $605.44 per share.
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ESSCU | Hot Stocks12:10 EST East Stone Acquisition Corporation (Units) trading resumes
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HLBZ... | Hot Stocks12:05 EST Helbiz enters global partnership with Workplace from Meta - Helbiz (HLBZ) announced its collaboration with the Meta's (MVRS) Workplace platform. Helbiz has chosen to integrate Workplace from Meta to enable all of its company's workers to connect and communicate efficiently and effectively through the creation of Groups, Chat, Meeting Rooms and LiveVideos. Workplace will allow employees across different Helbiz teams in every market it serves to build more direct and closer relationships, allowing them to strengthen their sense of community and feel part of a global group.
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HLBZ | Hot Stocks12:05 EST Helbiz Inc (Class A Stock) trading resumes
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ESSCU | Hot Stocks12:05 EST East Stone Acquisition Corporation (Units) trading halted, volatility trading pause
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GTLB | Hot Stocks12:03 EST GitLab acquires Opstrace, terms not disclosed - GitLab announced it has acquired Opstrace, Inc., an open source observability distribution. With the acquisition of Opstrace, GitLab continues to define the future of DevOps platforms and anticipates being the first to include an integrated open source observability solution within a single application with one user interface, a unified data store, and security embedded within the DevOps lifecycle. GitLab expects to expand its monitoring and observability capabilities by offering organizations a new choice. GitLab believes organizations will no longer have to choose between a costly SaaS service whose pricing does not align with their organization's goals, and a do-it-yourself observability solution stitched together using open-source components. GitLab anticipates that this acquisition will provide an out-of-the-box, tested, integrated observability platform deployed within the GitLab DevOps Platform. With this acquisition, GitLab will focus on the developer experience and will endeavor to offer robust monitoring and observability capabilities that will help better enable organizations to lower incident rates, increase developer productivity and lower mean-time-to-resolution with a zero-configuration observability solution built into the GitLab DevOps Platform. Once the Opstrace functionality is integrated into the Monitor stage, GitLab believes it will create a better developer experience and drive positive business outcomes with anticipated functionality such as guided instrumentation of their code, insights into recent performance degradations while making performance improvements, performance feedback from review environments in merge requests, automatic roll-back of deployments, and rapid exploration and triaging of incidents when they occur. Opstrace provides a unique approach to observability by integrating independent open source monitoring tools such as Prometheus, Cortex, and Grafana into an installable observability platform that can easily be run on commodity infrastructure. GitLab anticipates that the Opstrace technology will be integrated into the GitLab Monitor stage and will be available (turned on by default) for both GitLab SaaS and Self-Managed users.
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AJG | Hot Stocks12:03 EST Arthur J. Gallagher acquires Richied & Associates, terms not disclosed - Arthur J. Gallagher announced the acquisition of Reno, Nevada-based Richied & Associates. Terms of the transaction were not disclosed. Richied & Associates is a retail property/casualty insurance agency primarily serving small- to mid-market commercial clients, as well as families and individuals, Arthur J. Gallagher said in a statement. Paul Richied, Tera Hodges, Cindy Fleischer and their associates will remain in their current locations under the direction of Scott Firestone, head of Gallagher's Southwest region retail property/casualty brokerage operations.
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TASK | Hot Stocks12:02 EST TaskUs announces expansion plans for Malaysia, Poland, Romania - TaskUs announced expansion plans in three new countries: Malaysia, Poland, and Romania. TaskUs has chosen Kuala Lumpur, Malaysia for its Southeast Asian expansion because of the capital's world-class tech infrastructure, multilingual labor force, and work-and-play environment. Similarly, both od, Poland's third largest city, and Iai, Romania's second largest city, boast dynamic, vibrant cultures and highly educated, bilingual talent pools. Operations in these new locations are expected to start within the first half of 2022
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PL | Hot Stocks12:00 EST Planet Labs falls -17.6% - Planet Labs is down -17.6%, or -$1.57 to $7.33.
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NM | Hot Stocks12:00 EST Navios Maritime falls -19.6% - Navios Maritime is down -19.6%, or -94c to $3.85.
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SNDA | Hot Stocks12:00 EST Sonida Senior Living falls -26.2% - Sonida Senior Living is down -26.2%, or -$8.14 to $22.90.
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CNF | Hot Stocks12:00 EST CNFinance rises 8.1% - CNFinance is up 8.1%, or 36c to $4.81.
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JILL | Hot Stocks12:00 EST J.Jill rises 8.4% - J.Jill is up 8.4%, or $1.22 to $15.76.
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HLBZ | Hot Stocks12:00 EST Helbiz Inc (Class A Stock) trading halted, volatility trading pause
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TMX | Hot Stocks12:00 EST Terminix rises 20.4% - Terminix is up 20.4%, or $7.63 to $45.04.
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LEXX | Hot Stocks11:56 EST Lexaria Bioscience says HYPER-H21-3 study nears completion - Lexaria Bioscience announces that its human clinical study HYPER-H21-3 is expected to complete all dosing and sample collection this week. Formal hospital and ethics board approvals for human clinical study HYPER-H21-3 had been received in March. Study HYPER-H21-3 used a placebo-controlled and blinded design, with administration of a single 300mg dose of a specific DehydraTECH 2.0 CBD formulation compared to placebo in a target group of sixteen enrolled volunteers. This "Stress Test" study was undertaken to examine the effects of DehydraTECH-CBD upon acute pulmonary hypertension. Blood samples collected from this study will be subjected to analysis and the blood pressure results are expected to be reported soon. Exposure to acute reductions in oxygen tension causes rapid hypoxic pulmonary vasoconstriction and, as a consequence of this HPV response, pulmonary arterial pressure increases. If this increase in pressure becomes too high, as is the case in many cardiac pathologies, an excess of fluid in the lungs can occur that causes difficulty with breathing. The extent to which CBD may act as a novel treatment for HPV, and potentially as an alternative treatment for pulmonary hypertension, is unknown. Thus, the primary objective of this study is to evaluate the effect of DehydraTECH-CBD on pulmonary vascular function in normotensive individuals exposed to hypoxia. The magnitude of HPV, blood pressure, heart rate, blood samples and pulmonary gas exchange data is being collected and analysis is ongoing. Results from study HYPER-H21-3 are expected to add to Lexaria's growing body of evidence for the effectiveness of DehydraTECH-CBD against hypertension, and will be submitted to regulators such as the FDA, as the Company pursues its planned investigational new drug research program. Lexaria offers its gratitude to the teams of experts conducting its series of three human clinical studies through 2021 overwhelmingly on schedule and on budget particularly during the past year when challenges from the COVID-19 epidemic were pronounced.
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BA | Hot Stocks11:32 EST Boeing reports 109 gross commercial airplane orders in November - Boeing reported 34 jets delivered in November and 109 gross jet orders in its commercial program. Reference Link
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UBER LYFT | Hot Stocks11:23 EST Uber up over 5% after CEO touts 'best week ever' for bookings - Shares of Uber (UBER) are up $2.00, or more than 5%, to $37.73 in Tuesday morning trading after CEO Dara Khosrowshahi said his company had its "best week ever in terms of overall gross bookings" while presenting at fireside chat with analysts from UBS. "Our overall mobility business continues to get closer to pre-pandemic levels. We're starting to inch up to call it like the 90% mark, we're not quite there. Last week was our best week, you know, post-pandemic," Khosrowshahi is quoted by CNBC as having said. In morning trading following Khosrowshahi's presentation, shares of ridesharing rival Lyft (LYFT) are also up 92c, or over 2%, to $39.33.
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GNAC | Hot Stocks10:55 EST Vox Media acquires SB Nation owner Group Nine, terms not disclosed - Vox Media last night announced that it has signed an agreement to acquire Group Nine, owner of media brands including The Dodo, NowThis, PopSugar, Thrillist, and Seeker. Group Nine joins Vox Media's brands including SB Nation, New York Magazine, The Verge, Vox, Eater, The Cut, Vulture, Polygon, and The Strategist. The deal, which is subject to customary closing conditions and regulatory approval, is expected to close in early 2022. It is also outside of Group Nine Acquisition (GNAC), which is a completely separate special purchase acquisition entity. Jim Bankoff will be the CEO and chair of Vox Media, of which he is also a co-founder. Group Nine founder and CEO Ben Lerer will join the board of Vox Media and "maintain a presence at the company to help drive key strategic initiatives and advise on commercial and corporate development." Terms of the deal were not disclosed. Reference Link
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RUN | Hot Stocks10:32 EST Sunrun says CPUC proposal would 'decimate market for solar without batteries' - Edward Fenster, Sunrun's co-Founder and co-Executive Chairman, issued a statement responding to the draft proposed changes to California's Net Energy Metering Program, stating in part that the proposal "represents California politics at its worst" and would "decimate" the market for solar without batteries and "discourage solar and batteries customers from pitching in to help the grid." Fenster adds: "After the release of this proposed decision, but before it can be voted on, the lead commissioner who oversaw the proposed decision will have departed; the President of the commission will have departed; and the head of the energy division also will have departed... Given the serious conflicts between this proposed decision, the public interest and the law, and the threat it poses to hundreds of thousands of solar workers and over a million solar customers, Governor Newsom should ask his new team, which must approve any changes to solar rate structures, to start over." Reference Link
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PTNR | Hot Stocks10:28 EST Partner Communications enters collective employment agreeement for three years - Partner Communications Company announced that the Company, the employees' representatives and the Histadrut New General Labor Organization have signed a renewal of the collective employment agreement initially executed in 2019 and ending on December 31, 2021, for an additional period of three years, with certain changes, at a cost that is immaterial for the Company. Under the Collective Employment Agreement it was agreed, among others things, on a salary increase budget for 2022, in the amount of 3%, to be differentially allocated. In addition, the Parties agreed to negotiate at a later time a salary increase and participation in the Company's profits mechanism for the years 2023- 2024.
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SPWR | Hot Stocks10:24 EST SunPower says CPUC's proposed changes 'threaten solar jobs and grid stability' - After the California Public Utilities Commission, or CPUC, yesterday issued a proposed decision impacting the state's Net Energy Metering, or NEM, clean energy policy, SunPower issued a press release in response, stating in part: "California represents a third of the overall U.S. solar residential market, leading the nation with more than 68,000 solar jobs and an estimated 1.3 million homes with solar. More than 128,000 people and 600 organizations across California submitted letters to the CPUC and Governor Newsom to raise their voice in defense of the state's NEM program leading up to the proposed decision. Californians from all walks of life understand the far-reaching impact of this decision on electricity bills and grid resiliency. In response to utilities calling for high, fixed fees on solar and storage customers, SunPower Corp., a leading solar technology and energy services provider, continues to advocate for fair access to distributed energy resources." Suzanne Leta, head of policy and strategy at SunPower, added: "At a time when wildfires and power shut offs are an ongoing problem, today's proposed decision would leave many Californians in the dark. Access to reliable power should be available to every American family, regardless of income or zip code. We believe Governor Newsom will take the right steps via the final decision on the NEM program to help keep California as a leader in our clean energy transition." In Tuesday morning trading, SunPower shares are down $1.79, or nearly 8%, to $21.96.
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DAL | Hot Stocks10:13 EST Delta sees holiday projected customer volume doubling from 2020 season - In a post to its corporate news hub site, Delta Air Lines stated that the company expects to serve at least 8.7M customers from Dec. 17-Jan. 3. "That volume represents a near-return to pre-pandemic levels in 2019, when Delta served 9.3M passengers, and Delta's projected customer volume during this period is more than double the 3.6M customers who flew Delta during the 2020 season," the company noted. Reference Link
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ADAG | Hot Stocks10:11 EST Adagene Inc (ADS) trading resumes
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ADAG | Hot Stocks10:06 EST Adagene Inc (ADS) trading halted, volatility trading pause
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SOLY | Hot Stocks10:05 EST Soliton trading resumes
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AIKI | Hot Stocks10:04 EST AIkido says filing for expanded worldwide patent coverage on 'key assets' - AIkido Pharma provided a status update on its expansion of "key patent applications" into several territories worldwide outside of the U.S. For the company's pancreatic cancer drug licensed from The University Texas at Austin, in which the company currently seeks patent protection in the U.S., the company will now also seek protection on the licensed drug formulation in China, India and the European Patent Office, with all member countries designated, which includes all 27 EU member countries plus 11 non-EU countries. In connection with one of the two patent families relating to antiviral treatments licensed from University of Maryland, Baltimore, the company filed a continuing patent application under the Patent Cooperation treaty, which will permit the company seek patent protection simultaneously in the multitude of worldwide member countries. For the other patent family, the company filed seeking to expand protection in the European Patent Office, designating all member countries. Anthony Hayes, CEO of AIkido, stated, "Acquiring solid patent protection is the bedrock of drug asset ownership and essential to acquiring potential future market share in key countries around the world. At the appropriate times and when it makes economic sense, we will continue seeking to expand the territorial patent coverage on our licensed assets."
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EPAM | Hot Stocks10:04 EST Epam Systems acquires Optiva Media, terms not disclosed - Epam Systems announced the acquisition of Optiva Media, what it calls a "niche professional services firm that provides product development and digital services to leading media companies." Epam added, "Optiva Media brings an expanded understanding of the vertical domain as well as a proven track record in executing the necessary components of core media and entertainment transformational programs-from research and consultancy, to engineering operations, media and metadata management, as well as product design and deployment. Together, we will provide world-class, scalable solutions for media companies, enabling them to better innovate products, services and deliver new experiences."
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DE | Hot Stocks10:02 EST Deere acquires majority ownership in Austria's Kreisel Electric - Deere & Company said it has signed a definitive agreement to acquire majority ownership in Kreisel Electric, a battery technology provider based in Rainbach im Muhlkreis, Austria. "John Deere sees demand growing for batteries as a sole- or hybrid-propulsion system for off-highway vehicles. Products in Deere's portfolio such as turf equipment, compact utility tractors, small tractors, compact construction, and some road building equipment could rely solely on batteries as a primary power source. Deere intends to continue to invest in and develop technologies to innovate, deliver value to customers, and work towards a future with zero emissions propulsion systems," the company said in a statement. The transaction requires final regulatory approval in Austria, with closing expected to take place in approximately 60 days. Financial details are not being disclosed.
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PLTK | Hot Stocks10:01 EST Playtika opens new office in Lausanne, Switzerland - Playtika Holding announced it has opened a new office in Lausanne, Switzerland. The office will focus on artificial intelligence research and development, partnering closely with Playtika's AI Lab in Israel. Playtika has had a dedicated AI R&D team in Lausanne since 2019, the opening of the new office will provide room to grow and deepen its presence in the market as it continues to expand its team.
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SOLY | Hot Stocks10:00 EST Soliton trading halted, volatility trading pause
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NM | Hot Stocks10:00 EST Navios Maritime falls -10.0% - Navios Maritime is down -10.0%, or -48c to $4.31.
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OSCR | Hot Stocks10:00 EST Oscar Health falls -10.3% - Oscar Health is down -10.3%, or -$1.07 to $9.38.
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PL | Hot Stocks10:00 EST Planet Labs falls -14.6% - Planet Labs is down -14.6%, or -$1.29 to $7.61.
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CNF | Hot Stocks10:00 EST CNFinance rises 9.0% - CNFinance is up 9.0%, or 40c to $4.85.
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FLR | Hot Stocks10:00 EST Fluor rises 9.1% - Fluor is up 9.1%, or $2.14 to $25.64.
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TMX | Hot Stocks10:00 EST Terminix rises 29.3% - Terminix is up 29.3%, or $10.96 to $48.37.
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RRBI | Hot Stocks09:59 EST Red River enters New Orleans market with loan, deposit production office - Red River Bank has entered the New Orleans, Louisiana market with the December 6, 2021 opening of a combined loan and deposit production office located at 1100 Poydras Street, Suite 925, in New Orleans. The bank announced its planned expansion into this market in August 2021 with the hiring of Meghan Donelon as its New Orleans market president.
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OSCR | Hot Stocks09:51 EST Oscar Health falls -9.8% - Oscar Health is down -9.8%, or -$1.03 to $9.43.
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VVNT | Hot Stocks09:51 EST Vivint Smart Home falls -12.3% - Vivint Smart Home is down -12.3%, or -$1.11 to $7.92.
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PL | Hot Stocks09:51 EST Planet Labs falls -12.6% - Planet Labs is down -12.6%, or -$1.12 to $7.78.
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IH | Hot Stocks09:50 EST iHuman rises 6.7% - iHuman is up 6.7%, or 19c to $3.02.
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ISSC | Hot Stocks09:49 EST Innovative Solutions trading resumes
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JILL | Hot Stocks09:48 EST J.Jill rises 8.7% - J.Jill is up 8.7%, or $1.26 to $15.80.
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CPB | Hot Stocks09:47 EST Campbell sees $4B of operating cash flow fiscal 2022 through 2025
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TMX | Hot Stocks09:47 EST Terminix rises 28.5% - Terminix is up 28.5%, or $10.65 to $48.06.
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CPB | Hot Stocks09:46 EST Campbell sees Meals and Beverages operating margin 21% by fiscal 2025
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ISSC | Hot Stocks09:44 EST Innovative Solutions trading halted, volatility trading pause
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CPB | Hot Stocks09:44 EST Campbell sees Snacks operating margin 17% by fiscal 2025 - Campbell Soup in investor day presentation slides guided to 17% operating margin for its Snacks division by fiscal 2025.
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CPB | Hot Stocks09:42 EST Campbell Soup sees 17% operating margin by fiscal 2025 - Campbell Soup in investor day presentation slides guided to 17% operating margin by fiscal 2025.
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THRN | Hot Stocks09:38 EST Thorne HealthTech announces multiyear partnership with Human Powered Health - Thorne HealthTech announced a new, multi-year partnership with professional cycling team, Human Powered Health, formerly Rally Cycling, in which Thorne will serve as their Official Personalized Health Solutions Partner. The partnership will equip the athletes of Human Powered Health with Thorne's health testing and nutritional supplements needed to fuel their performance.
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GBIO | Hot Stocks09:38 EST Generation Bio trading resumes
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RDCM | Hot Stocks09:36 EST Radcom says Hadar Rahav to replace Amir Hai as CFO - Radcom announced that it has appointed Hadar Rahav to serve as its new Chief Financial Officer, effective January 1, 2022. Hadar will replace Amir Hai, who will be leaving the company to pursue other opportunities. Since joining Radcom in 2020, Hadar has been serving as Radcom's Head of Global Finance, the company noted.
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CABA | Hot Stocks09:35 EST Cabaletta Bio trading resumes
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HUSN | Hot Stocks09:35 EST Hudson Capital enters new merger agreement to acquire 100% of Freight App - Hudson Capital announced it entered into a New Merger Agreement to acquire 100% of Freight App, as a direct, wholly owned subsidiary. Simultaneously Hudson Capital terminated the Agreement and Plan of Merger signed on October 10, 2020 with Fr8App and other parties. Warren Wang, Chairman and CEO of Hudson Capital, stated, "Fr8App is a leader in transportation technology with a focus on US-Mexico cross-border shipping that provides compelling solutions to carrier and shipper partners. Over the past year, Fr8App has grown its market leading solution set, broadened its shipper relationships, expanded its carrier base, and greatly improved the company's financial performance. Based on the significant growth in North American logistics market, and for Fr8App specifically, we are excited to continue supporting Fr8App and set the stage for the next phase in its evolution."
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LEU | Hot Stocks09:33 EST Centrus Energy, Clean Core Thorium advance work to develop next-generation fuel - Centrus Energy President and CEO Daniel Poneman congratulated Clean Core Thorium Energy and Texas A&M on successfully fabricating the first sample pellets of a next-generation nuclear fuel called ANEEL. Centrus and Clean Core have been working together under a memorandum of understanding signed earlier this year to promote Clean Core's advanced nuclear fuel, which will combine thorium with High-Assay, Low-Enriched Uranium produced by Centrus. Based on more than 15 years of research and design, the new HALEU-Thorium ANEEL fuel is suitable for new and existing CANDU and other Pressurized Heavy Water Reactors. ANEEL can reduce the amount of waste produced in CANDUs/PHWRs by more than 80 percent, minimizing waste management costs and safety concerns, while offering nonproliferation benefits. According to the World Nuclear Association, there are 48 CANDUs/PHWRs in operation worldwide, with a combined electric generating capacity of 24 million kilowatts. The largest fleet of such reactors is in Canada, where 19 CANDU PHWRs with a capacity of nearly 14 million kilowatts supply 15 percent of the country's electricity. Since these reactors currently operate on unenriched natural uranium, they would potentially represent a new market for Centrus as well as Clean Core Thorium Energy. Clean Core plans to test and qualify ANEEL fuel at the Idaho National Laboratory next year and expects to commercialize the fuel by late 2024. Texas A&M University's Nuclear Engineering and Science Center successfully fabricated the ANEEL fuel samples under quality requirements and supervision of INL. Under the MOU signed earlier this year, Clean Core and Centrus are collaborating to promote the use of ANEEL advanced nuclear fuel in CANDU reactors around the world, together with other PHWRs. While the initial test pellets being fabricated by Texas A&M are using a small quantity of HALEU supplied by INL, Clean Core Thorium Energy plans to use HALEU from Centrus for commercial-scale production of ANEEL fuel. Under a three-year contract signed with the U.S. Department of Energy in 2019, Centrus is constructing the first NRC-licensed HALEU production line in Piketon, Ohio. Centrus has met every contract milestone to date and is continuing its work under the contract.
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GBIO | Hot Stocks09:33 EST Generation Bio trading halted, volatility trading pause
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CABA | Hot Stocks09:32 EST Cabaletta Bio trading halted, volatility trading pause
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AYTU | Hot Stocks09:31 EST Aytu BioScience announces FDA clearance of IND application for AR101 - Aytu BioPharma announced that the U.S. Food and Drug Administration has cleared the IND application for AR101/enzastaurin, enabling the company to proceed with initiating a pivotal clinical trial for AR101 in vascular Ehlers-Danlos Syndrome. The company plans to initiate the PREVEnt Trial in VEDS in the first half of 2022. The PREVEnt Trial will assess the safety and efficacy of enzastaurin in COL3A1-confirmed VEDS patients. There are currently no FDA-approved therapies for VEDS.
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INPX | Hot Stocks09:31 EST Inpixon announces review of strategic alternatives, including possible sale - Inpixon announced that its board of directors has authorized a review of strategic alternatives, including a possible asset sale, merger with another company or spin-off of one or more of Inpixon's business units. Nadir Ali, CEO of Inpixon, said, "Inpixon has engaged in a series of acquisitions and investments over the last several years, executing on an aggressive growth strategy focused on building its comprehensive Indoor Intelligence platform. With a strong cash position and consecutive year-over-year, and quarter-over-quarter, revenue increases the past two years, management believes it is in its best historical business and financial position, and, yet, our common stock continues to trade at well below the sum of our parts. We believe the best way to maximize shareholder value is to explore options that will support our commitment to delivering exceptional experiences and continued innovation by combining the physical and digital worlds for augmented reality and the metaverse using our location-based technologies. As always, we will remain intensely committed to the satisfaction of our customers, employees and shareholders."
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IDN | Hot Stocks09:23 EST Intellicheck president Garrett Gafke bought $111K in common stock - In a regulatory filing, Intellicheck disclosed that its president Garrett Gafke bought 20K shares of common stock in a total transaction size of $111.3K on December 10th, boosting his overall stake to 21K shares. Intellicheck is up about 2% in pre-market trading $5.30 per share.
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QLGN | Hot Stocks09:22 EST Qualigen Therapeutics promotes Amy Broidrick to president - Qualigen Therapeutics announces a key executive promotion. The company has named Amy Broidrick as President and Chief Strategy Officer. Ms. Broidrick will also continue in her role as a Director. Michael Poirier, who had previously been serving as Chairman, President and CEO, will continue to lead the company as CEO, and Chairman of the Board. Broidrick joined the Board of Directors of Qualigen Therapeutics in August 2020, and was later appointed Executive Vice President, Chief Strategy Officer in December 2020.
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UIS | Hot Stocks09:22 EST Unisys acquires CompuGain for $87.3M - Unisys announced it has acquired leading cloud solutions provider CompuGain for $87.3M on a cash-free, debt-free basis. CompuGain's capabilities in application modernization, cloud-native agile application development and cloud and hybrid cloud data management, including its designation as an Amazon Web Services Advanced Consulting Partner, will deepen Unisys' cloud offerings. The company brings more than 400 engineers, cloud solution architects and developers. Unisys funded the transaction, which closed concurrently with the signing of the acquisition agreement, with cash on hand. CompuGain generated $58M of revenue for the 12-month period ending September 30, 2021, up 12% year over year, with more than 90% of its revenue from client relationships with an average tenure of greater than nine years. Unisys expects the transaction to be immediately accretive to adjusted EBITDA and free cash flow.
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TDG | Hot Stocks09:21 EST TransDigm says DOD audit 'makes clear' there was 'no wrongdoing' by the company - TransDigm yesterday issued a statement regarding a report issued by the Inspector General Department of Defense on its audit of TransDigm and select firm-fixed price contracts between the DoD and TransDigm businesses, stating in part: "The report makes clear that there was no wrongdoing by TransDigm, its businesses, or by the DoD. TransDigm agrees with that conclusion. However, TransDigm disagrees with many of the implications contained in the report, and objects to the use of arbitrary standards and analysis which render many areas of the report inaccurate and misleading... Since 2019, TransDigm has invested considerable resources to better support the DoD and provide more information about the value of its products. For this audit, TransDigm provided full access and cooperation to the IG to help promote a complete and accurate assessment of the Company and the value the Company provides to the DoD through its businesses. Through regular engagement with DoD officials, there have been improvements to the procurement process, and the Company has received positive feedback from DoD customers. TransDigm and its businesses look forward to continuing these efforts and their support of the DoD." Reference Link
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CSSE | Hot Stocks09:21 EST Crackle Plus netowrks expand distribution rollout - Chicken Soup for the Soul Entertainment reported that it has increased distribution of its Crackle Plus AVOD streaming services to 60 touchpoints, ahead of internal plans, and is now expanding this initiative with plans to reach a total of more than 80 consumer touchpoints next year. The Crackle Plus streaming services, including Crackle, Popcornflix and the recently launched Chicken Soup for the Soul, are available on a variety of platforms and services as both linear and VOD offerings. Crackle Plus streaming services are always free and offer a wide selection of hit movies and TV series, as well as original and exclusive programming. Expansion of Crackle Plus's distribution is a key part of the Company's broader strategy to drive more viewers to its original and exclusive content.
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TRNO | Hot Stocks09:19 EST Terreno Realty acquires Bladensburg, Maryland industrial property for $11.9M - Terreno Realty acquired an industrial property in Bladensburg, Maryland on December 13 for a purchase price of approximately $11.9M. The 4.4-acre improved land parcel at 4501 46th Street is less than two miles outside Washington, D.C., between U.S. Route 1 Alternate and Maryland Route 201. The property is 100% leased to one tenant through May 2024 and the estimated stabilized cap rate is 3.8%.
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BLNK | Hot Stocks09:18 EST Blink Charging IQ 200 receives CTEP certification - Blink Charging announced it has received a certificate of approval for its IQ 200 chargers under the Division of Measurement Standards: California Type Evaluation Program, CTEP. "The CTEP certification is designed to ensure accuracy and transparency and Blink is pleased that our IQ 200 line of chargers has met the stringent standards of CTEP and been approved for certification," commented Brendan Jones, President of Blink Charging. Jones emphasized that "as a leading owner and operator of EV charging infrastructure, Blink recognized that California represents a tremendous growth opportunity and that Blink is well positioned to deploy our chargers throughout the state to support rising demand as more drivers transition to EVs." Analysis conducted earlier this year by the California Energy Commission, CEC, shows the state will need nearly 1.2M public and shared chargers by 2030 to meet the fueling demands of the 7.5M passenger plug-in electric vehicles anticipated to be on California roads and an additional 157,000 chargers to support medium- and heavy-duty electric trucks and buses.
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EZFL | Hot Stocks09:16 EST EzFill announces new fleet agreement with Alto in Miami - EzFill Holdings announced the signing of a new fleet agreement with Alto. EzFill will supply regularly scheduled fueling to 28 of the Dallas-based rideshare company's fleet of 5-star SUVs in Miami, with plans to fuel an additional 100 Alto vehicles by the first quarter of 2022.
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RMTI | Hot Stocks09:16 EST Rockwell receives feedback from FDA on IND application for Phase 2 trial of FPC - Rockwell Medical announced that it received feedback from the U.S. Food and Drug Administration regarding its Investigational New Drug, IND, application in support of its proposed Phase 2 clinical trial of Ferric Pyrophosphate Citrate, FPC, designed for the treatment of iron deficiency anemia and maintenance of hemoglobin in patients receiving infusion therapy in the home setting. FDA requested that additional data related to the microbiology and short-term stability of FPC be submitted to further support the drug administration method proposed for the study. The company expects to run these additional studies, complete the required analysis, and provide the requested data in the first half of 2022. "We have a clear understanding of the request from FDA, and we believe there is a well-defined path forward to generate the data. The effort will help us refine our study approach, which is carefully designed for the home infusion application. We expect that these activities will have a minimal impact on the timing of our planned dosing of the first patient in this study," said Marc Hoffman, M.D., Chief Medical Officer of Rockwell Medical. Once the additional data is submitted, Rockwell must wait 30 calendar days before treating any patients in the clinical trial. During this time, FDA has an opportunity to review the IND and the additional data that is submitted.
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REED | Hot Stocks09:15 EST Reed's launches Mule in Michigan at Midtown Fresh - Reed's announced the launch of the Reed's Zero Sugar Classic Mule at Midtown Fresh in Kalamazoo, Michigan. Midtown Fresh, an award-winning, locally owned retailer, will now carry Reed's ready-to-drink Zero Sugar Classic Mule. The partnership with Midtown Fresh marks the first retail placement in Michigan for Reed's novel canned alcoholic beverage, distributed through IHS Distributing.
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BCML | Hot Stocks09:15 EST BayCom, PEB shareholders get shareholder approval for planned merger - BayCom and Pacific Enterprise Bancorp, PEB jointly announced that, at their respective special meetings of shareholders held yesterday, they each received the necessary shareholder approval for the consummation of their planned merger. BayCom previously announced the receipt of all required bank regulatory approvals for the merger of BayCom and PEB, as well as the merger of PEB's bank subsidiary, Pacific Enterprise Bank, into BayCom's bank subsidiary, United Business Bank. The transaction is expected to close during the first quarter of 2022, subject to the satisfaction or waiver of certain closing conditions. Upon completion of the merger, PEB shareholders will be entitled to receive 1.0292 shares of BayCom common stock for each share of PEB common stock they own. The exchange ratio is fixed, and the transaction is expected to qualify as a tax-free exchange for PEB's shareholders.
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PBLA | Hot Stocks09:15 EST Panbela Therapeutics announces preclinical data on SBP-101 - Panbela Therapeutics announced "positive" preclinical data supporting the activity of SBP-101 in ovarian cancer cell lines. Panbela expects to launch a development effort for SBP-101 in ovarian cancer in the first half of 2022 and will host a virtual R&D day to discuss the new ovarian cancer program early in the new year. "The preclinical results illustrate SBP-101's potential to expand into another area of high unmet need," said Jennifer Simpson, PhD, MSN, CRNP, President & Chief Executive Officer. "According to the American Cancer Society, ovarian cancer is the fifth leading cause of cancer deaths among women, accounting for more deaths than any other cancer of the female reproductive system. Therefore, it is vital to progress new therapies such as SBP-101 for ovarian cancer."
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NWVCF | Hot Stocks09:14 EST EnWave, PiP International sign technology, evaluation license option agreement - EnWave Corporation announced that it has signed a Technology Evaluation and License Option Agreement with Protein Isolate Plant International to evaluate the potential commercial use of the Company's Radiant Energy Vacuum dehydration technology in their large scale yellow pea wet fractionation processing facility. During the limited evaluation term, PiP International has exclusive rights to evaluate the Company's patented REV drying technology for pea protein isolate and derivative products globally. During the term of the Agreement, PiP International will lease a 10kW REV machine for intensive product development at its commercial testing processing facility in Lethbridge, Alberta. If commercially viable pea protein isolate applications are developed under the Agreement, PiP International will look to purchase large-scale REV machinery to commence commercial production to fulfill the growing demand for pea protein isolate and derivative products.
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ACAD PFE | Hot Stocks09:13 EST Acadia Pharmaceuticals promotes Mark Schneyer to EVP CFO - Acadia Pharmaceuticals (ACAD) announced the promotion of Mark Schneyer to Executive Vice President, Chief Financial Officer CFO, effective immediately. Mr. Schneyer has served as the company's interim CFO since September 2021, while retaining his responsibilities as Acadia's head of business development and Chief Business Officer. Mr. Schneyer's responsibilities as CFO will include the functional areas of finance, accounting, investor relations, and business development. Mr. Schneyer will continue to report to Steve Davis, Chief Executive Officer, and will remain a member of the company's Executive Management Committee. Mr. Schneyer joined Acadia from Pfizer (PFE) where he was most recently Vice President, Business Development for the Upjohn division. He joined Pfizer's Worldwide Business Development organization in 2011 and served in various business development positions of increasing responsibility overseeing strategic transactions spanning licensing agreements, product acquisitions and divestitures, strategic collaborations and company acquisitions. Prior to Pfizer, Mr. Schneyer was an investment banker at Lazard and advised boards of directors and senior management teams in the healthcare sector.
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RHHBY | Hot Stocks09:12 EST Genentech announces results from POLARIX study - Genentech, a member of Roche, announced results from the Phase III POLARIX study showing that treatment with Polivy in combination with Rituxan plus cyclophosphamide, doxorubicin and prednisone, or R-CHP significantly reduced the risk of disease progression, relapse or death by 27% compared with the current standard-of-care, Rituxan plus cyclophosphamide, doxorubicin, vincristine and prednisone, or R-CHOP, in people with previously untreated diffuse large B-cell lymphoma, or DLBCL. Safety outcomes were consistent with those seen in previous trials, and the safety profile was comparable for Polivy plus R-CHP versus R-CHOP. Results were presented as a late-breaking abstract and during a press briefing at the American Society of Hematology, or ASH, annual meeting and exposition on Tuesday, December 14. Data from POLARIX were simultaneously published in the New England Journal of Medicine, or NEJM. First efficacy and safety data from the pivotal Phase III POLARIX study showed a significant improvement in PFS with Polivy plus R-CHP versus R-CHOP in patients with previously untreated DLBCL after a median follow-up of 28.2 months. PFS is a clinically meaningful disease-related outcome for patients with previously untreated DLBCL as it represents the goals of first-line therapy: avoiding disease relapse, disease progression and death. The safety profile was comparable for Polivy plus R-CHP versus R-CHOP, including rates of Grade 3-4 adverse events, serious AEs, Grade 5 AEs and AEs leading to dose reduction. The POLARIX data form the basis of ongoing marketing applications to global health authorities. Currently, Polivy is used as an off-the-shelf, fixed-duration treatment option in the relapsed or refractory DLBCL setting and is approved in combination with bendamustine and Rituxan for the treatment of R/R DLBCL in more than 70 countries worldwide, including in the EU and in the United States. Genentech continues to explore areas of unmet need where Polivy has the potential to deliver benefit, with ongoing studies investigating combinations of Polivy with the CD20xCD3 T-cell engaging bispecific antibodies mosunetuzumab and glofitamab, with Venclexta, which is being developed by AbbVie and Genentech, and with Rituxan in combination with gemcitabine and oxaliplatin in the Phase III POLARGO study.
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AAL | Hot Stocks09:11 EST American Airlines announces EVP of People, Global Engagement Eberwein to retire - American Airlines Group announced that Elise Eberwein, Executive Vice President, EVP, or People and Global Engagement, has informed the Company of her desire to retire from American Airlines after 35 years in the airline industry, effective June 30, 2022. Eberwein will remain in a senior advisory role until her retirement date, and her day-to-day responsibilities will transition to Cole Brown, Senior Vice President, Chief People Officer, and Ron DeFeo, Senior Vice President, Chief Communications Officer.
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SNY | Hot Stocks09:11 EST Sanofi presnts data from Phase 3 studies of fitusiran - Data from two Phase 3 studies evaluating the efficacy and safety of fitusiran, an investigational small interference RNA therapy for the prophylactic treatment of adults and adolescents with hemophilia A or B, with or without inhibitors, are presented at the 63rd American Society of Hematology Annual Meeting. Results from the ATLAS-A/B study, investigating fitusiran in people without inhibitors, are being presented today in the Late-Breaking Abstract Session and findings from the ATLAS-INH study, which evaluated fitusiran in people with inhibitors to factor VIII or IX, were shared in the Plenary Scientific Session on December 12, 2021. Hemophilia A and B are rare congenital bleeding disorders caused by a deficiency of factor VIII and IX, respectively, resulting in insufficient thrombin generation and ineffective clot formation. Fitusiran is a novel subcutaneous siRNA prophylactic investigational therapy designed to lower antithrombin levels with the goal of enhancing thrombin generation to rebalance hemostasis in people with hemophilia, regardless of type or inhibitor status. The Phase 3 studies compared once monthly fitusiran prophylaxis with on-demand use of factor concentrates in the ATLAS-A/B study, and on-demand use of bypassing agents in the ATLAS-INH study. Across both clinical studies, prophylactic treatment with fitusiran reduced annualized bleeding rates by greater than89% compared to the control arms, showing a statistically significant and clinically meaningful improvement in bleeds when compared to on-demand treatments, and also showing significant improvement in quality of life. The fitusiran Phase 3 clinical program is ongoing. Sanofi is currently investigating the efficacy and safety of fitusiran under an amended protocol which includes lower doses and an extended dosing regimen in all ongoing adult and adolescent studies. Fitusiran has the potential to provide prophylactic treatment for all people with hemophilia A or B, with as few as six injections per year. ATLAS-A/B is a Phase 3 randomized, open-label study investigating the efficacy and safety of fitusiran in males greater than or equal to12 years with severe hemophilia A or B without inhibitors who had previously been treated with on-demand factor therapy. Study participants were randomized 2:1 to receive either once-monthly 80mg subcutaneous fitusiran prophylaxis or on-demand factor therapy for bleeding episodes. The primary endpoint is annualized bleeding rate. The key findings in this study include the following: A statistically significant and clinically meaningful reduction in treated annualized bleeding rate of 89.9% in the fitusiran prophylaxis arm compared to the factor on-demand arm. Median annual bleeding rate for treated bleeds is 0.0 in the fitusiran arm compared to 21.8 in the factor on-demand arm. 50.6% of study participants in the fitusiran prophylaxis arm had zero treated bleeds compared to 5.0% of participants in the factor on-demand arm. The most common adverse events reported in at least five participants in the fitusiran prophylaxis arm were increased alanine aminotransferase, upper respiratory tract infection, nasopharyngitis, abdominal pain, increased aspartate aminotransferase, cough, arthralgia, asthma, gastritis, and headache. Treatment emergent adverse events of special interest of any ALT or AST elevation greater than3 x upper limit of normal were reported in the fitusiran prophylaxis arm in 15 participants. There were no TEAESIs of suspected or confirmed thromboembolism reported. The ATLAS-INH study is a randomized, open-label Phase 3 study designed to evaluate the safety and efficacy of fitusiran in males greater than or equal to12 years with severe hemophilia A or B with inhibitors to factor VIII or IX. Study participants receiving on-demand treatment with bypassing agents were randomized in a 2:1 ratio to receive once-monthly 80mg subcutaneous fitusiran prophylaxis or continue with on-demand BPA. The primary endpoint is annualized bleeding rate. The key findings in this study include the following: Fitusiran prophylaxis resulted in a statistically significant reduction in treated annualized bleeding rate of 90.8% in comparison to treatment with BPAs. The median treated annualized bleeding rate is 0.0 in the fitusiran prophylaxis arm compared to 16.8 in the on-demand BPA on-demand arm. 65.8% participants in the fitusiran prophylaxis arm had zero treated bleeds compared to 5.3% in the BPA on-demand arm.. The most common adverse events reported in at least five participants in the fitusiran prophylaxis arm were increased ALT, increased AST, upper abdominal pain, increased gamma-glutamyl transferase, headache, upper respiratory tract infection, arthralgia, increased blood alkaline phosphatase, and increased transaminases. TEAESIs of ALT or AST elevation greater than3 x upper limit of normal and suspected or confirmed thromboembolism were reported in the fitusiran prophylaxis arm in 10 and 2 participants, respectively. Fitusiran significantly reduced annualized bleeding with a meaningful improvement in health-related quality of life. Reported TEAEs in the fitusiran prophylaxis arm of ATLAS-A/B and ATLAS-INH were generally consistent with previously identified risks of fitusiran, or risks associated with the underlying disease of severe hemophilia A or B.
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AAL | Hot Stocks09:10 EST American Airlines announces leadership team that will report to Robert Isom - American Airlines Group announced the senior leadership team that will report to Robert Isom when he becomes CEO on March 31, 2022. Current Chief Financial Officer Derek Kerr will assume the additional designation of Vice Chair of American Airlines, overseeing all corporate financial functions, global corporate risk and corporate development. Kerr will also continue oversight of American Eagle operations. Steve Johnson will undertake a new strategic advisory role focused on strategy development, economics and competition issues, corporate governance and ESG, and corporate development. In this role Johnson will hold the title of Executive Vice President. Maya Leibman will continue serving as Executive Vice President and Chief Information Officer, leading technology efforts for the airline, including the organization's next-generation strategic initiatives. In addition, the following individuals will be joining American's senior leadership team: Priya Aiyar, Senior Vice President, Corporate Affairs and Chief Legal Officer; Cole Brown, Senior Vice President, Chief People Officer; Ron DeFeo, Senior Vice President, Chief Communications Officer; Nate Gatten, Senior Vice President, Corporate Affairs and Chief Government Affairs Officer; Vasu Raja, Senior Vice President, Chief Commercial Officer; David Seymour, Senior Vice President, Chief Operating Officer
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WK | Hot Stocks09:09 EST Workiva acquires 'global audit content and services provider' AuditNet, no terms - Workiva announced it has acquired global audit content and services provider, AuditNet. The acquisition comes on the heels of Workiva being named a Leader in The Forrester WaveTM: Governance Risk and Compliance GRC Platforms Q3 2021 Report, and showcases Workiva's investment in and commitment to the future transformation of audit. Terms of the agreement were not disclosed. AuditNet created the world's first online portal for the global audit community and serves as a primary communications resource with a digital network where 160,000+ audit practitioners access and share content, resources, and audit program tools and templates. AuditNet's content guides internal auditors through changing regulations, emerging risks, different approaches to testing, and new risk and control frameworks. "Digital communities like AuditNet, where thought leaders and practitioners can connect and collaborate, share best practices, and build and scale programs, are essential for businesses looking to accelerate digital transformation," said Marty Vanderploeg, Workiva CEO. "Workiva's acquisition of AuditNet adds to our customer offering, ensuring that organizations of all sizes and maturity can turn to the Workiva platform to quickly scale their teams, strengthen risk assurance and greatly improve efficiency in the audit process." Workiva entered into a strategic partnership with AuditNet in March 2020 to offer customers access to AuditNet's robust content catalog to help them create and update internal audit programs with transparency and accountability inside the Workiva platform. "This acquisition will ensure that AuditNet's expertise is accessible and relevant to even more global audit teams," said Jim Kaplan, AuditNet founder and CEO. "I believe in Workiva's mission to power transparent reporting for a better world and have seen how their technology streamlines processes to increase the efficiency and effectiveness of audit teams. I have full confidence that AuditNet and our faithful subscribers will be in good hands with Workiva."
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AEG | Hot Stocks09:08 EST Aegon appoints James Mitchell, Jr. to board of directors - Aegion Corporation announced the appointment of James Mitchell, Jr. to its Board of Directors. Mitchell will also serve as Chair of the Audit Committee. Mitchell is also Chairman of the Board of Directors and Chairs the Compensation Committee of Fora Financial.
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EEFT | Hot Stocks09:07 EST Euronet to use REN payments tech in collaboration with Indonesia's Jalin - Euronet Worldwide announced its REN payments platform will be used to modernize the largest state-owned bank switching network in Indonesia, PT Jalin Pembayaran Nusantara. Studies suggest as many as 85% of consumers in Southeast Asia at the beginning of 2021 were using some form of digital payments. This rapid adoption of cashless payments and requests from participant financial institutions for modern and resilient payments processing solutions motivated Jalin to embark on a platform modernization strategy that would enable it to launch new services as well as improvements to existing services in the shortest possible time. After an extensive RFP process, Euronet and the REN payments platform was awarded the project. To meet the project's complex requirements and large transaction volumes, Euronet is deploying its REN payments platform to support transaction switching from ATMs, POS terminals and QR codes, enable digital wallets, connect to major card associations, drive ATMs and manage associated back office functions such as clearing and settlement for the different transaction types and payment form factors. The services will also be available through APIs that can be consumed by various constituents of the ecosystem for agile implementation of newer services. The project is going to be deployed in phases and will involve migrating the workloads from the existing system to REN and onboarding new services like ATM driving and processing of digital wallet-based QR code payments. The first phase of this project is enablement of cross border QR code payments, which involves developing an incoming and outgoing payment interface with the central infrastructures of Thailand and Malaysia. The remaining services will be migrated and/or enabled in subsequent phases during the next 12 months, resulting in a project with potentially billions of transactions per year caused by the increased popularity of digital payments in the region.
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RRR | Hot Stocks09:07 EST Red Rock Resorts reports results from its "modified Dutch auction" tender offer - Red Rock Resorts announced final results of its "modified Dutch auction" tender offer which expired at 12:00 midnight, New York City time, at the end of the day on December 9. Based on the final count by American Stock Transfer & Trust Company the depositary for the tender offer a total of 6,884,858 shares of RRR's Class A Common Stock, par value 1c per share were properly tendered and not properly withdrawn at or below a purchase price of $51.50 per Share. In accordance with the terms and conditions of the tender offer, RRR accepted for purchase an aggregate of 6,884,858 shares, representing approximately 10.08% of the shares issued and outstanding, or 6.08% of the total number of Shares outstanding assuming exchange of all shares of the Company's Class B Common Stock and limited liability interests in Station Holdco, as of December 9 at a purchase price of $51.50 per share, for an aggregate cost of approximately $354.6M, excluding fees and expenses related to the tender offer. The Depositary will promptly pay for all the Shares accepted for purchase. Payment for Shares purchased will be made in cash, less any applicable withholding taxes and without interest. BofA Securities acted as dealer manager for the tender offer and D.F. King & Co. acted as information agent for the tender offer.
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BEEM | Hot Stocks09:06 EST Beam announces EV ARC charging system deployed at Virginia Regional Airport - Beam Global announced that Eastern West Virginia Regional Airport deployed the airport's first EV ARC solar-powered EV charging system to charge airport EVs, and the EVs of employees, staff, travelers and visitors. The system was funded through the U.S. Department of Energy in the Mid-Atlantic Electrification Partnership to support regional expansion of EV charging infrastructure. "Airports are ideal locations for Beam's EV ARC off-grid charging systems. They can rapidly deploy EV charging without disrupting business operations or incurring construction costs," said Beam Global CEO Desmond Wheatley. "There are over 20,000 public and private airports in the U.S. and we see increased interest in electrification of operations and aviation especially since our world record setting solar powered production electric aircraft flight earlier this summer. Forward thinking organizations like Eastern West Virginia Regional Airport are leading in the nation's big EV charging infrastructure build out."
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OLO LYFT | Hot Stocks09:06 EST Olo enters digital orders partnership with Lyft - Olo (OLO) announced a partnership with Lyft (LYFT) through Olo's Dispatch solution to deliver digital orders for Olo's network of restaurant brands. Olo's Dispatch product allows restaurant brands to accommodate delivery for orders generated through their own website and apps by providing a network of third- party delivery service providers, such as Lyft.
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RMNI | Hot Stocks09:06 EST Rimini Street granted U.S. patent for AI-based case assignment advisor - Rimini Street announced it has been granted a patent by the United States Patent and Trademark Office, USPTO, for its proprietary artificial intelligence AI based application, Case Assignment Advisor. The Case Assignment Advisor resolves the challenge of identifying and assigning the best engineer to work a particular case by: Integrating multiple data sources and capturing multi-dimensional engineer skills ;Applying machine learning algorithms to normalize and rank engineer skills ;Filtering the engineer pool based on the rules and constraints driven by business requirements; Recommending the optimal engineer by analyzing more than 40 vectors; Providing additional business insights and predictions through deep analysis to further enrich auto case assignment. The technology, which resides on the Rimini Street AI platform, empowers Rimini Street engineers to resolve cases much faster with ultra-responsive support and services. Since implementing Case Assignment Advisor, Rimini Street has improved case resolution times for clients by an average of 23% while increasing its overall client satisfaction score to an average case survey rating of 4.9 out of 5.0 . This innovative technology has garnered industry accolades, even before the patent was officially granted. Among the recognitions: A Gold 2021 Stevie American Business Award for Achievement in Science or Technology; a Stevie International Business Award for Achievement in Science or Technology; and a Grand Prize for Best Customer Support from the Japan Institute of Information Technology.
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CIEN | Hot Stocks09:04 EST Ciena announces $250M accelerated share repurchase agreement - Ciena announced that it has entered into an accelerated share repurchase, or ASR, agreement with Goldman Sachs to repurchase $250M of the company's common stock as part of the company's previously announced $1B share repurchase program. The company expects to fund the ASR from cash on hand and cash generated from operations. Under the ASR agreement, the company will make a payment of $250M to Goldman, and will receive an initial share delivery of approximately 2.7M shares from Goldman, representing approximately 80% of the expected share repurchases under the ASR agreement, based on the closing price of the common stock of $74.12 on December 13. The final number of shares of common stock to ultimately be purchased by the company under the ASR agreement will be based generally on the average of the daily volume-weighted average prices of the common stock during the term of the transaction, less a discount and subject to adjustments pursuant to the terms and conditions of the ASR agreement. Final settlement of the transactions under the ASR agreement is expected to occur during the fiscal quarter ending April 30, 2022.
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CAT CVX | Hot Stocks09:04 EST Caterpillar, BNSF Railway and Chevron to develop hydrogen fuel locomotives - Progress Rail, a Caterpillar (CAT), BNSF Railway Company, and Chevron U.S.A., a subsidiary of Chevron Corporation (CVX), announced a memorandum of understanding, or MOU, to advance the demonstration of a locomotive powered by hydrogen fuel cells. The goal of the demonstration is to confirm the feasibility and performance of hydrogen fuel for use as a viable alternative to traditional fuels for line-haul rail. Hydrogen has the potential to play a significant role as a lower-carbon alternative to diesel fuel for transportation, with hydrogen fuel cells becoming a means to reduce emissions. Under the MOU, the parties are working toward reaching definitive agreements on a demonstration with three primary objectives. First, Progress Rail plans to design and build a prototype hydrogen fuel cell locomotive for line-haul and/or other types of rail service. Second, Chevron expects to develop the fueling concept and infrastructure to support this use of the locomotive. Lastly, the prototype hydrogen fuel cell locomotive is expected to be demonstrated on BNSF's lines for a mutually agreed upon period of time.
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PII | Hot Stocks09:04 EST Polaris, Octane announce multi-year partnership - Octane announced a multi-year partnership with Polaris to provide customers with a seamless, digital process for financing powersports purchases. Through the partnership, which is effective January 1, 2022, Polaris customers and dealers can take advantage of Octane's fast and easy digital lending experience to finance Polaris Sportsman, RANGER, RZR, & GENERAL off-road vehicles, Polaris snowmobiles, Indian Motorcycle, and Slingshot vehicles.
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MKSI ATC | Hot Stocks09:03 EST MKS Instruments, Atotech expect to close acquisition in 1Q22 - MKS Instruments (MKSI) and Atotech Limited (ATC) provided the following update on MKS' previously announced pending acquisition of Atotech. The pending acquisition has received the approval, or indication of imminent approval, from 12 out of 13 global antitrust regulatory authorities, which approvals are conditions to the closing of the transaction. In China, the remaining jurisdiction, MKS and Atotech are continuing to work constructively with the State Administration for Market Regulation , and now anticipate closing the acquisition in the first quarter of 2022. Completion of the transaction, which is to be effected by means of a scheme of arrangement under the laws of the Bailiwick of Jersey, is also subject to obtaining the required sanction by the Royal Court of Jersey and the satisfaction of customary closing conditions. The court hearing seeking such sanction is now expected to take place in the first quarter of 2022, rather than on December 22, 2021 as previously scheduled. As previously announced on July 1, 2021, MKS entered into a definitive agreement with Atotech pursuant to which MKS will acquire Atotech for $16.20 in cash and 0.0552 of a share of MKS common stock for each Atotech common share. At the time of the announcement, the equity value of the transaction was approximately $5.1 billion and the enterprise value of the transaction was approximately $6.5 billion As previously announced by Atotech, on November 3, 2021 the transaction was approved by Atotech shareholders at a meeting convened pursuant to an order of the Royal Court of Jersey and a special resolution to implement the transaction was passed by Atotech shareholders at a general meeting. In accordance with the terms of the Implementation Agreement, the last date for completing the transaction will automatically be extended to March 31, 2022 to allow additional time for the outstanding approval in China to be received.
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LTRN | Hot Stocks09:03 EST Lantern Pharma presents 'positive' data on effectiveness of LP-284 at ASH - Lantern Pharma announced that Lantern Pharma presented positive data on the effectiveness of LP-284 in hematologic cancers at the 63rd American Society of Hematology Annual Meeting, which was held in-person and virtually from December 11-14, 2021. The study demonstrated LP-284's broad in vitro anti-tumor activity in lymphoma, multiple myeloma, and leukemia cells. Notably, the enantiomer pair, LP-184 and LP-284, exhibit distinct patterns of anti-tumor activities. As a result, the novel enantiomer LP-284 may provide a targeted therapy option for hematologic cancers with compromised DNA repair, supporting further targeted development plans for LP-284.
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GOVX | Hot Stocks09:01 EST GeoVax Labs receives notice of allowance for Malaria vaccine patent - GeoVax Labs announced that the U.S. Patent and Trademark Office issued a Notice of Allowance for Patent Application No. 16/648,693 titled "Compositions and Methods for Generating an Immune Response to Treat or Prevent Malaria." In general, the claims to be granted in the patent cover GeoVax's modified vaccinia Ankara vector expressing certain antigens from the malaria parasite. David Dodd, GeoVax President and CEO, commented, "Our corporate focus and development priorities continue to be our COVID-19 vaccine, currently in Phase 2 clinical trials, and our cancer immunotherapy program, with Gedeptin(R) as our lead product in a Phase 1/2 clinical trial for Head and Neck cancer. However, developing vaccines against global public health threats, such as malaria, is also part of our longer-term focus. We remain strongly committed to advancing innovation towards improving public health worldwide and this patent reflects a potential game-changing advance relative to malaria prevention."
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MTCH | Hot Stocks09:01 EST Match Group to be carbon neutral by March 2022 - Match Group announced its business will be carbon neutral by March 2022 following the purchase of offsets that effectively make the company's operations carbon neutral beginning with the year 2021 lasting through the subsequent two years. With this purchase, which is based on projected greenhouse gas emissions, the company commits to offsetting its corporate footprint for each year going forward. To achieve carbon neutrality, Match Group is investing in Hyundai Green Power Corporation, which captures and recycles waste gases to generate electricity through its Hyundai Steel Waste Energy Cogeneration Project. The site's steel mill reuses waste gases created through the steel production process, and what remains is consumed by the project's power plant. The recovered gases supply energy to the local grid in Dangjin, South Korea, that would otherwise be sourced from fossil fuels, reducing air pollution and resulting in an estimated reduction of 1.8M tons of carbon emissions per year.
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EOLS | Hot Stocks08:55 EST Evolus enters into $125M credit facility with Pharmakon Advisors - Evolus announced that it has entered into a $125M term loan financing facility with funds managed by Pharmakon Advisors. The term loan facility will be available to Evolus under the following terms: A senior secured term loan of up to $125M in two tranches. Proceeds of the facility will be used for general corporate purposes and working capital. A portion of the proceeds may also be used for potential strategic transactions. $75M will be drawn upon execution of the agreement. At its option, Evolus may draw up to an additional $50M before December 31, 2022. This second tranche is available with no additional performance obligations or financial covenants. The facility will mature in six years from funding. Interest-only payments will be required during the first 39 months after which ratable principal payments commence for the remaining 33 months. Interest will be paid quarterly using the 3-month LIBOR plus 8.5% per annum. "Supported by our unique business strategy and focus on the fast-growing millennial demographic, Evolus is continuing to gain market share in the aesthetic neurotoxin industry," said David Moatazedi, Evolus' President and Chief Executive Officer. "This new credit facility greatly strengthens our capital structure, and we expect the initial tranche to eliminate our near-term equity financing overhang by providing us with a flexible source of funding that will carry us beyond cash flow breakeven. We are very pleased to be working with a long-term financing partner who embraces our strategy to become a leading, multi-product aesthetics company."
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NM | Hot Stocks08:53 EST Navios Maritime announces $550M of debt financing - Navios Maritime announced that it entered into agreements providing Navios Holdings with a total of $550 million of debt financing. The proceeds of this financing together with available cash will be used to repay at maturity all of Navios Holdings' outstanding 7.375% First Priority Ship Mortgage Notes due January 15, 2022 and redeem $50.0 million of Navios Holdings' outstanding 11.25% Senior Secured Notes due on August 15, 2022.
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MRM | Hot Stocks08:53 EST Medirom Healthcare reports 316 salons in November - MEDIROM Healthcare announced its major Key Performance Indicators, or KPIs, updated for the month of November 2021. Data is provided for all salons for which comparative financial and customer data is available and excludes certain salons where such information is not available. The following monthly KPIs provide insight into the business fundamentals and progress of the Company, updated for the month of November 2021. The number of salons was 316 in November 2021, up from 291 in the year-ago period, primarily as a result of the acquisition of another salon brand in May 2021. Total customers served increased to 65,569 in November 2021 from 63,993 in the year-ago period. Sales per customer increased to JPY 6,466 in November 2021, up from JPY6,312 in November 2020. Such increase is mainly attributed to the upselling of value-added optional services. Our repeat ratio, a measure of repeat customers, increased to 81.9% in November 2021 from 80.7% in the year-ago period. Our operation ratio was 47.7% in November 2021, which remained stable compared to in the year-ago period. The total number of salons with data increased to 221 in November 2021, from 220 in November 2020. The number of salons with data decreases when we close salons with data available and increases as we open salons with such data.
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CSLLY GNHAF | Hot Stocks08:51 EST CSL to acquire Vifor Pharma in all-cash tender offer of $179.25 per share - CSL Limited (CSLLY) and Vifor Pharma (GNHAF) announced that they have entered into a definitive agreement for CSL to acquire Vifor Pharma for an aggregate equity value for Vifor Pharma of $11.7B/ CHF10.9B. CSL has offered to acquire Vifor Pharma in an all-cash tender offer of $179.25/CHF 167 per share, payable in U.S. dollars The offer assumes a dividend of CHF 2 expected to be declared at the AGM of 26 April, consistent with past practice. The tender offer represents an implied premium of approximately 61% to the unaffected closing price of Vifor Pharma on 1 December 2021 and a 47% premium to Vifor Pharma's unaffected 1-month VWAP as of 1 December 2021.2 Patinex AG, Vifor Pharma's largest shareholder holding 23.2% has agreed to tender its shares into the offer. The Transaction remains subject to the conditions and further terms including: Minimum acceptance rate of 80% of all Vifor Pharma shares on a fully diluted basis; and further customary offer conditions, including regulatory approvals. The tender is currently expected to commence around 18 January 2022 and the transaction is expected to complete around mid-2022. The Board of Directors of Vifor Pharma considers that the proposed transaction respects the interests of all stakeholders and is unanimously recommending the offer to shareholders. There is committed financing for the deal and a strong commitment to pursue regulatory clearances. The transaction will enable Vifor Pharma to leverage CSL's global reach, balance sheet and capabilities to bring more products to patients within its key categories. The transaction also enables Vifor Pharma to accelerate growth in cardiovascular-metabolic, renal and transplant.
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KSU CP | Hot Stocks08:50 EST Kansas City Southern closes sale to Canadian Pacific, enterprise value of $31B - Kansas City Southern (KSU) announced the completion of its sale to Canadian Pacific Railway (CP) . The transaction represents an enterprise value of approximately $31B. KCS stockholders will receive 2.884 CP common shares and $90 in cash for each share of KCS common stock held and $37.50 in cash for each share of KCS preferred stock held. Immediately upon the closing of the acquisition, the shares of KCS were placed into a voting trust with Dave Starling, former KCS President and CEO, appointed as the Voting Trustee. The Voting Trust, which ensures KCS will operate independently of CP, will remain in effect until the U.S. Surface Transportation Board issues its decision on the companies' joint railroad control application. The STB's approval of CP's control of KCS would create Canadian Pacific Kansas City Limited, the only single-line railroad linking the United States, Mexico and Canada. The STB review of CP's proposed control of KCS is expected to be completed in the fourth quarter of 2022. "Today is a historic day for our two iconic companies," said Keith Creel, CP President and Chief Executive Officer. "CPKC will become the backbone connecting our customers to new markets, enhancing competition in the U.S. rail network, and driving economic growth across North America while delivering significant environmental benefits. We are excited to reach this milestone on the path toward creating this unique truly North American railroad." "As a Board and management team, we are proud of the countless contributions and achievements of all those who work for Kansas City Southern," said Patrick J. Ottensmeyer, KCS President and Chief Executive Officer. "We are excited for the possibilities that will open to us through this combination with CP and we look forward to our next chapter." Expected benefits from the business combination will not be realized until the STB approves CP's control of KCS' railroads. Upon obtaining control approval from the STB, the two companies expect to achieve full integration over the ensuing three years, unlocking the benefits of the combination.
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CP KSU | Hot Stocks08:49 EST Canadian Pacific completes acquisition of Kansas City Southern for $31B - Canadian Pacific Railway (CP) announced the completion of its acquisition of Kansas City Southern (KSU). The transaction represents an enterprise value of approximately $31B. KCS stockholders will receive 2.884 CP common shares and $90 in cash for each share of KCS common stock held and $37.50 in cash for each share of KCS preferred stock held. Immediately upon the closing of the acquisition, the shares of KCS were placed into a voting trust with Dave Starling, former KCS President and CEO, appointed as the Voting Trustee. The STB's approval of CP's control of KCS would create Canadian Pacific Kansas City, the only single-line railroad linking the United States, Mexico and Canada. The STB review of CP's proposed control of KCS is expected to be completed in the Q4 of FY22. Expected benefits from the business combination will not be realized until the STB approves CP's control of KCS' railroads. Upon obtaining control approval from the STB, the two companies expect to achieve full integration over the ensuing three years, unlocking the benefits of the combination. To fund the cash consideration of the merger, CP's wholly-owned subsidiary, Canadian Pacific Railway Company sold new debt of C$2.2B and $6.7B, both of which are guaranteed by CP. The debt transactions closed on Nov. 24 and Dec. 2 respectively. CP expects to incur approximately C$21M in interest expense in the quarter from the two issuances. CP issued 262,597,106 new common shares as the share consideration under the terms of the merger agreement resulting in approximately 721.4M weighted average diluted shares outstanding in the quarter. Following the impacts of the accelerated timeline of the transaction closing into trust and the impacts of the extreme weather in British Columbia, CP now expects full-year growth in adjusted diluted EPS in 2021 to be in the high single digits. CP expects full-year volumes to be approximately flat in 2021, as measured in revenue ton-miles, compared to 2020. CP's revised guidance assumes an updated effective tax rate of approximately 24.0%. CP now expects other components of net periodic benefit recovery to increase by approximately C$45M versus 2020 and continues to expect capital expenditures of C$1.55B.
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BTX NBI | Hot Stocks08:48 EST Brooklyn ImmunoTherapeutics added to Nasdaq Biotechnology Index - Brooklyn ImmunoTherapeutics announces that Brooklyn has been named to be part of the Nasdaq Biotechnology Index, effective December 20, 2021.
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ISRG | Hot Stocks08:48 EST Intuitive Surgical reaches 10M procedures performed using da Vinci systems - Intuitive announced that the number of robotic-assisted surgical procedures performed worldwide by surgeons using da Vinci surgical systems has surpassed 10 million. Cleared for use by the U.S. Food & Drug Administration in 2000, there are more than 6,500 da Vinci surgical systems installed in 67 countries, and more than 55,000 surgeons worldwide have trained on the use of da Vinci systems.
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ORBT | Hot Stocks08:47 EST Orbit International to acquire Panel Products, terms not disclosed - Orbit International announced that it has entered into a definitive agreement to acquire the business of Panel Products of Carson, California. The Transaction, which is structured as a purchase of assets, and is subject to certain specified closing conditions, is expected to close on or about December 31, 2021. In connection with the Transaction, Orbit has formed a new subsidiary, Simulator Product Solutions LLC, which will be majority owned by Orbit, with a minority equity interest to be held by Panel. It is intended that Nabil Radi, the founder of Panel, will continue his leadership of Panel's business as President of Orbit's newly formed subsidiary. In addition, Orbit intends to keep Panel's operation in the Carson/Long Beach area. The Transaction is expected to be accretive to earnings in fiscal 2022 and is being funded substantially from Orbit's cash on hand.
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CPSH | Hot Stocks08:39 EST CPS Technologies announces 2021 sales bookings exceed $37M - CPS Technologies announced that several recent contract awards have resulted in Fiscal Year 2021 orders to date of more than $37M. "We are pleased to share that the entire business continues to expand at a growth rate in excess of our plans", said President and CEO Michael McCormack. He added, "The $37M in orders exceeds the combined bookings of the two previous fiscal years, and our Book to Bill ratio remains healthy at 1.7. We are quite thrilled with the realization by multiple customers of the value of CPS' solutions. These enable customer products to achieve and exceed their expectations, especially in the Aerospace and Defense markets."
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AGE | Hot Stocks08:39 EST AgeX Therapeutics teams with UCI to explore program for exosome-based therapies - AgeX Therapeutics announced a research collaboration with the University of California, Irvine UCI to explore the therapeutic potential of exosomes and other extracellular vesicles produced by neural stem cells derived from AgeX pluripotent stem cells, with the goal of developing therapies to treat adverse neurocognitive effects of cancer chemotherapy and radiation therapy on brain function. This research project seeks to address a critical unmet medical need that impacts the quality of life for millions of cancer survivors. The agreement between AgeX and UCI has been handled by the team at UCI Beall Applied Innovation. The research will be conducted at UCI under the direction of Munjal Acharya, Ph.D., Associate Professor at the UCI Stem Cell Research Center. Dr. Acharya has been working in the field of regenerative medicine and cancer therapy-induced brain injury for the past 10 years. Currently, Dr. Acharya's laboratory is studying the molecular and cellular mechanisms of radiation-induced brain injury, regenerative therapies for Alzheimer's disease, and chemobrain. Exosomes are nano-sized extracellular vesicles, secreted by cells, which contain a cargo of lipids, proteins and/or nucleic acids, and which participate in communication between cells. Dr. Acharya will search for exosomes and other extracellular vesicles in samples of cell culture-conditioned media used at UCI to derive neural stem cells from AgeX pluripotent stem cells in a program sponsored by AgeX seeking therapies for Huntington's disease and other neurological disorders. Using mouse models of brain cancer therapy, Dr. Acharya will determine the safety and efficacy of exosomes or other extracellular vesicles in repairing radiation- and chemotherapy-induced cognitive impairments and neuroinflammation in the brain. "We are excited to collaborate with AgeX to test the efficacy of exosomes derived from a GMP-compliant neural stem cell line that would increase the translational feasibility of our approach to thwart this unmet medical need faced by millions of cancer survivors world-wide," said Dr. Acharya, UCI. The collaboration includes an opportunity for AgeX to license inventions that may arise from the research program, and to pursue clinical development and commercialization of therapies derived using those licensed inventions.
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CSCW BABA | Hot Stocks08:38 EST Color Star Technology signs MOU with Alibaba Cloud - Recently, Color Star Technology (CSCW) formally signed a memorandum of understanding, or MOU, with Alibaba (BABA) Cloud. The two parties will be at China Pavilion, World Expo 2020 in Dubai on December 25 - December 26 to join hands and explore potential in-depth cooperation. In the future, Color Star will have further cooperation in technical fields such as cloud computing and artificial intelligence. The World Expo is an international expo event with great influence and a long history of over 100 years. Alibaba Cloud is the world's third leading cloud computing company and an official partner of the China Pavilion at the Dubai World Expo.
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FKWL | Hot Stocks08:38 EST Franklin Wireless 5G Mobile Hotspot device available on C Spire network - Franklin Wireless announced that its new sub-6 5G mobile hotspot, Jextream 5G, is now available for purchase on www.cspire.com. The product supports connectivity using C Spire's state-of-the-art 5G network. The device, which cost $199.80 or can be purchased for $6.66 a month over 30 months with an eligible data plan, is available for immediate, free shipping or in-store pick up.
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MKD | Hot Stocks08:37 EST Molecular Data to form joint venture to build supercomputing clusters - Molecular Data announced that the Company has entered an agreement to form a Joint Venture to build supercomputing clusters in North America. The new Joint Venture plans to construct two plants in the USA and start operating on one plant in the next two months in the initial phase. The Company expects to add 13MW in the initial phase. The new business line is expected to generate approximately $5M in revenue and $4M in gross profit.
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WNDW | Hot Stocks08:37 EST Solarwindow President, Director Rhee acquires majority ownership - SolarWindow Technologies announced that it has received notification that Light Quantum Energy Holdings, a company owned and controlled by SolarWindow President and Director, John Rhee and his immediate family, has acquired 62% of the issued and outstanding shares of SolarWindow Technologies from former controlling stockholder, Kalen Capital Corporation and its subsidiaries, in a privately negotiated deal. "Today, we launch a fresh and exciting new stage of the Company's growth and reaffirm our pledge to a sustainable future. This transaction cements our belief in SolarWindow, its leadership team, and game-changing LiquidElectricity technology at a time when worldwide market demand for renewables is stronger than ever," explained SolarWindow President John Rhee.
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CSCW | Hot Stocks08:37 EST Color Star Technology signs MOU with Alibaba Cloud - Recently, Color Star Technology formally signed a memorandum of understanding, or MOU, with Alibaba Cloud. The two parties will be at China Pavilion, World Expo 2020 in Dubai on December 25 - December 26 to join hands and explore potential in-depth cooperation. In the future, Color Star will have further cooperation in technical fields such as cloud computing and artificial intelligence. The World Expo is an international expo event with great influence and a long history of over 100 years. Alibaba Cloud is the world's third leading cloud computing company and an official partner of the China Pavilion at the Dubai World Expo.
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MRVI NBI | Hot Stocks08:37 EST Maravai Lifesciences added to the Nasdaq Biotechnology Index - Maravai LifeSciences Holdings announced that the Company has been added to the Nasdaq Biotechnology Index effective prior to market open on Monday, December 20, 2021.
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PFSW | Hot Stocks08:35 EST PFSweb's PFS launches UK fulfillment solution for On - PFS has launched a new UK order fulfillment operation for On, a performance running brand. PFS is providing warehouse management, inventory control, order fulfillment and returns management from its Southampton-based fulfillment center in support of On's DTC eCommerce channel. This solution went live in July 2021. Zach Thomann, EVP and President of PFS, commented: "We are proud to help On achieve their growth goals through their eCommerce fulfillment experience in the UK. Multi-node fulfillment continues to be a strategy that brands are enacting to alleviate supply chain-related challenges, such as Brexit. Having an in-country fulfillment center allows brands to compete with delivery expectations, optimize their inventory pools, and ensure business continuity across their supply chain network. We are thrilled to help On alleviate these supply chain concerns with an in-country UK fulfillment solution."
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WLDN | Hot Stocks08:35 EST Willdan gets $90M NYCHA award to reduce greenhouse gas emissions in NY housing - Willdan Group announced that New York City Housing Authority, NYCHA, selected Willdan through a technical engineering competition to provide innovative thermal load solutions for greenhouse gas emissions reduction at Tilden and Pink Houses. This $90M design-build contract upgrades the heating and hot water infrastructure at multifamily housing facilities and introduces innovative electrification measures, reducing greenhouse gas emissions in accordance with NYCHA's sustainability agenda. These upgrades also aim to improve resident comfort indoors, domestic hot water availability, and heating reliability. As part of the winning design, Willdan proposed advanced heat pumps for both Tilden and Pink Houses and an innovative heating technology for Tilden Houses that provides new electrical heating panels that will allow the residents to control the temperature in each room. This heating technology is popular in Northern Europe and has been proven to be safe and comfortable in high-end hotels and offices throughout the world. More information about this technology and its benefits will be provided to Tilden residents prior to deployment. Other enhancements include central plant upgrades and air-to-water heat pumps for domestic hot water production. "Addressing climate change and creating a greener, more sustainable world is one of the most pressing issues of our time," said NYCHA Chair & CEO Greg Russ. "The partnership that we have established with the Willdan Group will allow us to significantly reduce greenhouse gas emissions at these developments while delivering meaningful eco-friendly upgrades at the same time." "Our innovative design was competitively selected to best execute a key strategy in NYCHA's Climate Mitigation Roadmap," said Tom Brisbin, Willdan's CEO and Chairman. "This project helps achieve a core pillar of NYCHA's vision to 'build back better' to meet a majority of building energy needs through low- or no-carbon sources. This win demonstrates that Willdan can provide innovative electrification solutions that can achieve some of the world's most aggressive climate goals."
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ALTO | Hot Stocks08:34 EST Alto Ingredients restarts its Magic Valley, Idaho facility - Alto Ingredients announced it restarted its ethanol production at its Magic Valley, Idaho facility in November 2021. Michael Kandris, Alto Ingredients' president and CEO, stated, "Resuming production at our Magic Valley dry mill is an important next step in the reorientation of our company toward higher value products and improved profitability... The installation of the protein project at our dry mill in Magic Valley will also enhance the profitability and sustainability of the facility. Harvesting Technology's patented CoPromax system is extremely well suited for Magic Valley due to the growing demand for high protein feed in nearby cattle, poultry, pork, and aquaculture markets. This is our first plant reorientation with this new protein system, and we are on target and on budget. We expect to commission the project by mid- 2022." CoPromax System Expectations upon Completion: Produce 33,000+ tons of feed annually with a protein content greater than 50%; Increase corn oil yields by approximately 50%, or nearly 9 million pounds annually; and Contribute over $9M annually in Adjusted EBITDA.
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ITI | Hot Stocks08:34 EST Iteris awarded $1.1M contract from California Department of Transportation - Iteris announced that it has been awarded a $1.1M contract from the California Department of Transportation for smart mobility design and engineering services related to the rehabilitation and upgrade of roadways spanning three communities in the City of Los Angeles. Under the terms of the one-year sub-contract agreement with Jacobs, Iteris will provide services in the areas of engineering traffic signal system, street lighting system, and pavement, sidewalk and curb ramp upgrades across 75 intersections in Santa Monica, Hollywood and Echo Park.
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CTSDF | Hot Stocks08:33 EST Converge Technology achieves HPE Platinum Partner Status - Converge Technology Solutions is pleased to announce it has been awarded Platinum Partner status by HPE. Converge achieved the highest level of partnership in the HPE Partner Ready Program by meeting requirements for specializations, sales & technical certifications, competencies, and satisfying revenue requirements. With this partnership level, Converge will also be identified as a Platinum Partner on the HPE Partner Ready Portal and its Find A Partner tool.
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UPS | Hot Stocks08:32 EST UPS surpasses 1B COVID-19 vaccine delivery milestone - UPS announced that it surpassed the 1B COVID-19 vaccine doses delivered mark, including nearly 50M doses in Canada. "UPSers have been essential in the fight against COVID-19, delivering equitable access to critical healthcare services'" said Chief Sales and Solutions Officer and Executive Vice President, UPS Global Healthcare Kate Gutmann. "This milestone would not have been possible without every person in our global network working tirelessly, alongside our partners and customers, to accelerate vaccine distribution and help keep communities as safe as possible."
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SACH | Hot Stocks08:32 EST Sachem Capital announces registered public offering of notes - Sachem Capital announced the commencement of a registered public offering of unsecured, unsubordinated notes due five years from the date of issuance. The Notes will rank pari passu with all the company's unsecured, unsubordinated indebtedness, whether currently outstanding or issued in the future. The Notes are expected to be listed on the NYSE American under the trading symbol "SCCD" and to trade thereon within 30 days of the original issue date. The interest rate and other terms of the Notes will be determined at the time of the pricing of the offering. The Notes have a private credit rating of BBB+ from Egan-Jones Ratings Company, an independent, unaffiliated rating agency. Egan-Jones is a Nationally Recognized Statistical Ratings Organization and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider. Egan-Jones is also certified by the European Securities and Markets Authority. A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. Ladenburg Thalmann & Co. Inc., Janney Montgomery Scott LLC, InspereX LLC and William Blair & Company, LLC are acting as joint book-running managers for the offering. Colliers Securities LLC is acting as co-manager for the offering.
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OUST | Hot Stocks08:32 EST Ouster appoints Adam Dolinko as general counsel - Ouster announced the appointment of Adam Dolinko as general counsel. Dolinko brings over 25 years of capital markets, corporate, and mergers & acquisitions experience advising and leading legal operations for global technology companies. Prior to joining Ouster, Dolinko served as a senior executive and general counsel for global companies, including Nasdaq and FTSE 250 company CSR.
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YOU UBER | Hot Stocks08:31 EST Clear Secure, Uber announce partnership - Clear Secure (YOU) and Uber (UBER) have announced a partnership that will integrate Uber's ride platform directly into the Clear app's "Home to Gate" feature. With this partnership, Clear app users will be able to use the Home To Gate feature and its data driven insights to find out exactly when to leave for their flight and reserve an Uber ride ahead of time - creating a more seamless, predictable travel experience.
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TOI | Hot Stocks08:31 EST The Oncology Institute adds San Gabriel Valley practices to network - The Oncology Institute recently acquired the practice of Honghao Yang, MD and his two oncology clinics in Hacienda Heights and Alhambra, California. The addition of Dr. Yang's practice gives TOI comprehensive coverage of the San Gabriel Valley, including TOI's existing offices in San Gabriel, Pasadena, West Covina, and Montebello. "We are excited to expand our presence in the San Gabriel Valley with the addition of Dr. Yang's practice," TOI COO Dr. Daniel Virnich remarked. "Dr. Yang has been practicing medicine for more than 30 years and has a great reputation in the community. His compassionate, evidence-based approach to patient care is a natural fit for TOI and we look forward to growing his locations to serve even more patients."
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ZEAL | Hot Stocks08:31 EST Zealand Pharma enters $200M financing agreement with Oberland Capital - Zealand Pharma announced a financing agreement with Oberland Capital Management. The agreement includes an upfront payment of $100 million in exchange for a 7-year, interest-only secured note. In addition to the $100 million upfront payment, Zealand will receive the following: $50 million in exchange for an additional note with terms and conditions consistent with the Secured Note, available at Zealand's option any time prior December 31, 2023, following receipt of approval of glepaglutide for the treatment of short bowel syndrome by the Food and Drug Administration; Up to $50 million in exchange for an additional note on terms to be mutually agreed upon, available at Zealand's option any time prior to June 30, 2023, to acquire products and/or companies; The interest rate for the Secured Note is 6.0% plus 3-month LIBOR or 0.25%, whichever is greater. Oberland Capital will also receive a low single-digit royalty obligation on net sales during the term of the agreement.
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MKD | Hot Stocks08:31 EST Molecular Data to form joint venture to build supercomputing clusters - Molecular Data announced that the Company has entered an agreement to form a Joint Venture to build supercomputing clusters in North America. The new Joint Venture plans to construct two plants in the USA and start operating on one plant in the next two months in the initial phase. The Company expects to add 13MW in the initial phase. The new business line is expected to generate approximately $5M in revenue and $4M in gross profit.
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ATAX | Hot Stocks08:29 EST America First Multifamily board declares special distribution of 8c per BUC - On December 14, 2021, America First Multifamily Investors announced that the Board of Managers of Greystone AF Manager declared a cash distribution to the Partnership's Beneficial Unit Certificate holders of 19c per BUC. The distribution consists of a quarterly distribution of 11c per BUC plus a one-time special distribution of 8c per BUC. The distribution is payable on January 31, 2022 to BUC holders of record as of the close of trading on December 31, 2021. The BUCs will trade ex-distribution as of December 30, 2021. The aggregate amount of the distribution, including the portion representing the one-time special distribution, will be approximately $12.6M, which will be funded by the Partnership's available cash-on-hand.
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DGX | Hot Stocks08:28 EST Quest Diagnostics acquires Labtech Diagnostics, terms not disclosed - Quest Diagnostics announced it has acquired substantially all assets of Labtech Diagnostics, an independent clinical diagnostic laboratory provider serving physicians and patients primarily in South and North Carolina, Georgia and Florida.
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KDNY | Hot Stocks08:26 EST Chinook Therapeutics receives orphan drug designation from EC for atrasentan - Chinook Therapeutics announced the European Commission, EC, has granted orphan drug designation for atrasentan for the treatment of primary IgA nephropathy, IgAN. The decision follows a positive opinion from the Committee for Orphan Medicinal Products, COMP, of the European Medicines Agency, EMA. "We are pleased the European Commission has granted Chinook orphan drug designation in the EU for atrasentan for IgA nephropathy, a rare, severe chronic kidney disease for which there are no approved therapies," said Alan Glicklich, M.D., chief medical officer of Chinook Therapeutics. "Orphan drug designation in the EU represents an important regulatory milestone that has the potential to expedite the global clinical development of atrasentan, a potent and selective ETA antagonist. We are highly encouraged and look forward to continue exploring atrasentan's proteinuria-lowering, anti-inflammatory and anti-fibrotic effects in patients with IgAN in the ongoing pivotal phase 3 ALIGN study."
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AGFMF | Hot Stocks08:25 EST AGF Management appoints Ash Lawrence SVP, head of alternatives - AGF Management announced the appointment of Ashley Lawrence to the position of Senior Vice-President, Head of Alternatives. Ash joins the organization on February 14, 2022, reporting to Kevin McCreadie, Chief Executive Officer and Chief Investment Officer, AGF. Ash has approximately 20 years of private alternatives experience in global markets, including 16 years with Brookfield Asset Management where he most recently led real estate investing for Canada.
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DTEA | Hot Stocks08:25 EST DavidsTea partners with WIPTEC to outsource shipping activities for Canada, US - DAVIDsTEA announces that it is partnering with WIPTEC pick, pack & ship, a leading 3PL provider with facilities in Longueuil, Quebec, to outsource all of its product warehousing, distribution and shipping activities for Canada and the U.S. DAVIDsTEA aims to enhance its distribution capabilities and improve the customer experience across North America. DAVIDsTEA will now have the ability to scale its e-commerce business and improve delivery times. "At DAVIDsTEA, our aim is to provide our customers with an engaging, personalized and frictionless customer experience - both from a product and service perspective. Today's announcement marks a significant milestone for us, as we put in place a new operational model aimed at providing our Canadian, U.S. and wholesale customers with world-class fulfillment services, while also improving our overall operational efficiency," said Frank Zitella, President and Chief Operating Officer, DAVIDsTEA.
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BMEA NBI | Hot Stocks08:24 EST Biomea Fusion to be added to Nasdaq Biotechnology Index - Biomea Fusion announced that the company has been selected for addition to the NASDAQ Biotechnology Index, effective prior to market open on Monday, December 20, 2021.
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DUOL | Hot Stocks08:23 EST Duolingo appoints John Lilly to board of directors - Duolingo announced that it has named John Lilly as a new independent board director and member of the Compensation and Leadership Committee. Lilly currently serves on the Board of Directors of Figma, Caffeine, Clockwise, Code for America, Voting Works and Nuro.
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WSTG | Hot Stocks08:23 EST Climb Channel Solutions partners with Invicti - Climb Channel Solutions announced their partnership with Invicti Security. Invicti brings security and development teams together to help organizations secure their web applications and protect customer and company data from breach. Invicti's products help security professionals identify web vulnerabilities and send them to developers for remediation. Acunetix is designed for small and medium-sized companies, with technology that enables lean and nimble teams to move fast. The first-ever automated web application security scanner utilizes a unique scanning engine known for speed and accuracy in spotting vulnerabilities. Netsparker is Invicti's scalable technology for enterprises that can scan thousands of websites and web apps with its proprietary Proof-Based Scanning technology that confirms 94% of direct-impact vulnerabilities with 99.98% accuracy. The company currently serves more than 3,000 customers globally, enabling them to secure thousands of web applications with high confidence.
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PTRA | Hot Stocks08:22 EST Proterra announces EV battery factory in South Carolina - Proterra announced plans to open a new EV battery system manufacturing plant in South Carolina to produce the company's battery systems for Proterra Powered customers' commercial electric vehicles, including delivery and work trucks, industrial equipment, buses, and more. Proterra has committed to a minimum investment of at least $76M, with additional investments planned over the next several years, and expects to create more than 200 new jobs over the next several years at the 327,000 square foot battery system production plant. The factory is expected to launch in the second half of 2022 with multiple gigawatt hours of annual production capacity for Proterra's battery systems. By 2025, the factory is expected to support additional battery system production capacity, as well as the production of ancillary systems incorporated into electric medium- and heavy-duty electric vehicles and equipment. "Electric vehicle technology is an opportunity to create clean energy jobs, strengthen American manufacturing, and advance the U.S.'s climate leadership on a global scale. Through opening our new battery system production plant, Proterra is proud to help realize these important goals while driving the transition to clean, quiet transportation with our EV technology," said Gareth Joyce, President of Proterra. "With our company's history in South Carolina and the Upstate region, we are excited to build on our strong partnership with the state of South Carolina, Spartanburg County, and the City of Greer and bring EV battery system manufacturing to the region."
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GRBK | Hot Stocks08:21 EST Green Brick locks rate on $100M senior unsecured notes - Green Brick Partners announced that the Company has locked interest rate on $100M of senior unsecured notes due in 2029 at a fixed rate of 3.25% per annum in an oversubscribed club deal structured by Prudential Private Capital as a Section 4(a)(2) private placement transaction. The closing for the notes is expected to be the last week of December 2021. This will be the fourth issuance of senior notes by the Company, following the issuance of $75.0, $37.5, and $125.0 million of senior unsecured notes over the past two-plus years. Green Brick Partners expects to use the proceeds to repay borrowings under its existing revolving credit facilities, pay fees and expenses incurred in connection with the transaction, and for general corporate purposes. The institutional investors who purchased the notes were represented by Prudential Private Capital, Barings LLC, Hartford Investment Management Company, Securian Asset Management, Inc., and Voya Investment Management Co. LLC. Prudential Private Capital structured the club deal. The Company also completed an extension, expansion, and amendment of its line of credit facility arrangement on December 10, 2021, that adds $130 million in new commitments, bringing our total commitments to $300 million. The maturity of all the commitments under the facility have been extended to December 14, 2024. The amendment also increases the Company's accordion feature by an additional $50 million to $325 million, enabling Green Brick to further expand its commitments from $300 million without further amendment. The credit facility is supported by a diverse lender group composed of eight banks including Flagstar Bank, Veritex Community Bank, Huntington National Bank, Texas Capital Bank, Goldman Sachs Bank USA, BancorpSouth Bank, Woodforest National Bank, and MidFirst Bank. Two lenders elected to not extend their commitments one year prior to their expiration, four lenders extended their commitments to 12/14/2024, and four lenders were added for an initial term of three years subject to annual extensions.
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ARKO MO | Hot Stocks08:21 EST Arko Corp. appoints Ross Parman as VP of Investor Relations, Government Affairs - Arko (ARKO) announces that Ross Parman has been appointed Vice President, VP, of Investor Relations and Government Affairs. Parman will also manage and direct ARKO's investor and corporate communications, including relationships with investors and sell-side analysts. Prior to joining ARKO, Parman was Director of Communications for Altria (MO).
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PFS | Hot Stocks08:20 EST Provident Bank appoints Robert Tharp as FVP, retail sales, services director - Provident Bank has announced that Robert Tharp has joined the Bank as First Vice President, Retail Sales & Services Director. Tharp is based in the bank's Iselin, N.J. administrative headquarters and is responsible for developing and managing the execution of the overall retail sales and services strategy and business development plans. In addition, he is responsible for the programming and the structuring of Small Business Lending, Government Banking, Corporate Development, and Provident Investment Services. Mr. Tharp has more than 35 years' experience in retail banking and sales management. Prior to joining Provident, he served as a Senior Manager of the TD Bank Partnership at TD Ameritrade.
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PLUG | Hot Stocks08:19 EST Plug Power, Certarus partner on green hydrogen supply - Plug Power and Certarus have entered into a long-term supply and logistics agreement to further scale and expand the infrastructure needed to accelerate the adoption of green hydrogen fuel. The companies will leverage their collective expertise in hydrogen production, mobile energy distribution and related technologies to enhance the North American supply chain - helping to make hydrogen fuel an affordable and convenient option for companies looking to reduce carbon emissions and achieve ESG goals across multiple industry sectors. Plug Power will provide Certarus with up to 10 tons of green hydrogen per day from its North American hydrogen production network with initial deliveries expected in Q1 2022. Certarus' integrated logistics platform and industry-leading fleet of compressed gas delivery trailers will safely move hydrogen directly from production locations to Plug Power's and Certarus' end users. These end users include leading mining, power generation, natural gas mid-stream and industrial energy users. The companies will also partner on the supply of equipment from Plug Power to cost effectively serve these customers' needs.
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ICAD | Hot Stocks08:19 EST iCAD announces first recurrent GBM tumor treated with Xoft Brain IORT in US - iCAD announced that the first patient with recurrent glioblastoma, GBM, was treated with the Xoft Axxent Electronic Brachytherapy at Providence Saint John's Health Center in Santa Monica, CA. This procedure was part of the international multi-center GLIOX trial. The GLIOX trial is designed to compare Xoft IORT plus Avastin to the investigational arm of RTOG-1205. Researchers hope this study will validate the initial results from a prospective two center comparative study at the European Medical Center in Moscow, Russia. New Research Supports Innovative Therapy Approach. Data supporting Xoft Brain IORT for the treatment of recurrent GBM were recently published in study and a subsequent erratum in the peer-reviewed journal, Surgical Neurology International.The comparative study evaluated 15 patients with recurrent GBM who were treated with maximal safe resection and Xoft Brain IORT, and 15 patients with recurrent GBM treated with maximal safe resection and other modalities, between June 2016 and June 2019. As of March 2021, patients treated with Xoft Brain IORT lived for up to 54 months after treatment without recurrence, whereas patients in the control group had a recurrence within 10 months and lived for up to 22.5 months after treatment. Researchers also found there were fewer complications in the IORT group. One patient from the IORT group was still alive in fall 2021, whereas none of the patients in the control group survived. Additionally, a subgroup analysis of patients with postoperative tumors volumes of less than 2.5 cm showed more favorable outcomes for patients in the IORT group. "The researchers concluded that the results are encouraging and that further clinical trials are warranted," the company said. The Xoft System is FDA-cleared, CE marked and licensed in a growing number of countries for the treatment of cancer anywhere in the body. The Xoft System is also currently being studied in the treatment of other types of brain tumors.
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ECOR | Hot Stocks08:18 EST electroCore provides update on nVNS to treat PTSD - electroCore provided an update on the ongoing clinical research to assess the potential of gammaCore to treat Post Traumatic Stress Disorder. PTSD is a debilitating disorder triggered by experiencing or witnessing a traumatic event that is increasingly common. Approximately 15 million adults in the US will have PTSD during a given year and it is particularly concerning to the Military and Veteran's Administration. In a study published on December 6th, 2021, in the Journal of Affective Disorders Reports, 20 patients suffering from PTSD were exposed to personalized traumatic scripts followed by an immediate stimulation by an active or sham non-invasive vagus nerve stimulator. The results showed that three-months of treatment with nVNS led to a 31% reduction in PTSD symptoms compared to sham on the PTSD Checklist, as well as a significant decrease in hyperarousal symptoms (p=0.008) and a decrease in overall and somatic anxiety. At the conclusion of the study, patients who continued using nVNS for a further 3 month open-label period showed significant improvement in their overall symptoms reported by the Clinical Global Index. Furthermore, nVNS effectively blocked the increase in the levels of the inflammatory cytokine IL-6 that is overexpressed in patients with PTSD who are exposed to a traumatic script. electroCore is currently collaborating with investigators on two Randomized, sham-controlled clinical trials to further confirm the efficacy of nVNS as a treatment for PTSD.
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PLUG | Hot Stocks08:17 EST Plug Power and Certarus announce supply and logistics agreement - Certarus and Plug Power have entered into a long-term supply and logistics agreement to further scale and expand the infrastructure needed to accelerate the adoption of green hydrogen fuel. The companies will leverage their collective expertise in hydrogen production, mobile energy distribution and related technologies to enhance the North American supply chain - helping to make hydrogen fuel an affordable and convenient option for companies looking to reduce carbon emissions and achieve ESG goals across multiple industry sectors. Plug Power will provide Certarus with up to 10 tons of green hydrogen per day from its North American hydrogen production network with initial deliveries expected in Q1 2022.
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ERAS NBI | Hot Stocks08:16 EST Erasca added to Nasdaq Biotechnology Index - Erasca announced that the company has been added to the NASDAQ Biotech Index, effective prior to market open on Monday, December 20, 2021.
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ENNV... | Hot Stocks08:15 EST Fast Radius announces nominees to the post-closing board of directors - Fast Radius announced four nominees to the board of directors of ECP Environmental Growth Opportunities Corp (ENNV), a publicly-traded special purpose acquisition company, in anticipation of the previously announced proposed business combination between Fast Radius and ENNV. The Board nominees will serve on the Board of the combined company following the consummation of the business combination, subject to ENNV stockholder approval. The business combination is expected to be completed in the first quarter of 2022. The following individuals have been nominated to serve on the Board:Matt Maloney, Former CEO and Founder of Grubhub; Betsy Ziegler, CEO of 1871; Matt Flanigan, Board Member at Jack Henry & Associates (JKHY) and Performance Food Group (PFGC); and Steve Koch, Managing Director of Bowline Group and Managing Partner of mHUB Product Impact Fund I. Other director nominees: Lou Rassey, CEO and co-founder of Fast Radius; Tyler Reed, President and CEO of ECP Environmental Growth Opportunities; and Nick Solaro, General Partner at Drive Capital.
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PLIN | Hot Stocks08:14 EST China Xiangtai Food appoints Jinghai Jiang as COO - China Xiangtai Food announced the appointment of Mr. Jinghai Jiang as COO. Jiang has been involved in blockchain technology since 2016, when he founded Haiyuan Culture Development Limited and Qisuan Technology Limited to research and apply blockchain technology. Mr. Jiang also created the online community "Big Cabbage Blockchain" and has published multiple white papers to teach blockchain technology and the cryptocurrency business.
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SFET | Hot Stocks08:13 EST Safe-T announces dismissal of NetNut's patent litigation - Safe-T Group announces that NetNut Ltd., Safe-T Group's enterprise privacy solutions subsidiary unit, has entered into a settlement agreement with Bright Data Ltd. agreeing to terminate the patent infringement action Bright Data initiated against NetNut on June 11, 2020 in the United States District Court for the Eastern District of Texas, Marshall Division. NetNut respects the valid intellectual property rights of others and believes that Bright Data's patents were not infringed by NetNut's services and that they are invalid based on voluminous prior art. In order to continue providing superior technology and service to its customers and to free the market of invalid patents that are used in litigation as a tool to stifle market innovation and inhibit market growth and fair competition, NetNut will continue to challenge the validity of all relevant patents controlled by Bright Data. As previously reported, on June 11, 2020, Bright Data filed an action, alleging infringement by NetNut of U.S. Patent Nos. 10,484,511 and 10,637,968, as well as claims of trade secret misappropriation, which NetNut indicated it believed was without merits. Based on initial evaluation at the time when the complaint was filed, NetNut believed that the action was without merits. Pursuant to a confidential settlement agreement, the case was dismissed without prejudice on December 10, 2021, with no monetary payment from NetNut to Bright Data and with no effect on NetNut's ongoing services for customers. As indicated in the table below, the U.S. Patent and Trademark Office ("PTO") has granted NetNut's Ex Parte Reexamination requests on these two patents and has preliminarily rejected all the claims asserted against NetNut. NetNut has consistently challenged the patentability of Bright Data's patents, both in court and at the PTO. To date, NetNut has filed several requests for Inter Partes Review (and Ex Parte Reexamination, challenging the validity of Bright Data's patents. In each of NetNut's PTO challenges reaching a preliminary decision on the merits, the PTO has agreed with NetNut's positions that Bright Data's patents are likely unpatentable. As also previously reported, on June 18, 2021, Bright Data filed an action alleging infringement of U.S. Patent Nos. 10,257,319 and 10,484,510 against NetNut. The action was also filed in the United States District Court for the Eastern District of Texas, Marshall Division. Bright Data amended its complaint on October 11, 2021, to additionally assert infringement of U.S. Patents Nos. 10,491,713, 11,050,852 and 11,044,346, as well as a claim for alleged false advertising. NetNut disagrees with each of Bright Data's claims and is defending itself in the litigation. As indicated in the table above, NetNut has already challenged most of the patents asserted in this action and believes that the outcome will be similar to that of the patents asserted against it in the first case.
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RAIN NBI | Hot Stocks08:11 EST Rain Therapeutics added to Nasdaq Biotechnology Index - Rain Therapeutics announced it will be added to the NASDAQ Biotechnology Index, effective as of market open on Monday, December 20, 2021.
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TMX RTOKY | Hot Stocks08:11 EST Terminix to be acquired by Rentokil for $6.7B in shares, cash - The boards of directors of Rentokil (RTOKY) and Terminix (TMX) announced that Rentokil Initial and Terminix have entered into a definitive agreement under which Rentokil Initial will acquire Terminix for stock and cash. Under the terms of the Agreement, Rentokil Initial will issue to Terminix shareholders at closing aggregate consideration comprised of approximately 643.29M new Rentokil Initial shares and approximately $1.3B in cash. Based on Rentokil Initial's five-day average daily volume weighted share price and the five-day average of the Sterling U.S. Dollar exchange rate both over the period spanning December 6-10 inclusive, this values the entire share capital of Terminix at $6.7B, implying a value of $55.00 per share of Terminix common stock, and represents an aggregate consideration mix of 80% stock and 20% cash and: a premium of 47.0% over the closing price of Terminix common stock on December 13 and a premium of 32.5% over the 90-day volume weighted average share price of Terminix ending on December 13. Terminix shareholders may elect to receive all cash or all stock consideration, subject to proration in the event of oversubscription. Each Terminix share for which no election or an invalid election is received will be deemed to have elected for all stock consideration. The value of the per share cash election and the value of the per share stock election will be equalized ahead of closing such that the value of each election choice will be substantially the same. The total number of new Rentokil Initial ADSs to be issued and the aggregate amount of cash to be paid under the terms of the agreement will not vary as a result of individual election preferences. As part of the combination, Rentokil Initial will list the American depository receipts evidencing the ADSs on the New York Stock Exchange. The combination will result in Terminix's existing shareholders owning approximately 26% of the combined group on completion and sharing the benefits accruing to the combined group.
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AGCO | Hot Stocks08:10 EST Agco takes 2.53% stake in safety-certified software company Apex.AI - AGCO announced that it has made a 2.53% equity investment in Apex.AI, an emerging leader in safety-certified software for mobility and driverless vehicles. Apex.AI has differentiated itself with its software products by making it possible and easier for solutions providers to implement safety critical software into on-road and off-road vehicles. Based on proven open-source software, Apex.AI's software enables its customers to focus on developing value adding applications, while Apex.AI provides a strong development infrastructure. With a focus on enabling driverless vehicles, Apex.AI launched its first award-winning product Apex.OS in 2020 and achieved functional safety certification in record time. Since then, Apex.AI also has launched its Apex.Middleware product, which integrates all vehicle communication needs and enables the future deployments of semi-autonomous or driverless vehicles. "AGCO's investment in Apex.AI further demonstrates our commitment to developing value-adding solutions for our customers that adhere to the most stringent standards and reliability requirements," said Eric Hansotia, AGCO's Chairman, President and Chief Executive Officer. "We are excited to invest in Apex.AI's team as it paves the way for driverless vehicles throughout the agriculture and automotive industries."
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CNI... | Hot Stocks08:10 EST CN partners with Google Cloud to modernize railway services - CN (CNI) and Google Cloud (GOOG;GOOGL) announced a seven-year strategic partnership to transform CN's supply chain. The companies will collaborate on new services to revolutionize the North American railway system, combining CN's expertise in the transportation and logistics industry with Google Cloud's technology and culture of innovation. CN's work with Google Cloud will drive the railway's ability to achieve continued growth and execute on transformational business initiatives. "Our partnership with Google Cloud is central to our strategic plan, and reinforces our commitment to digitalizing scheduled railroading and building the premier railway of the 21st century by investing in technologies that deliver high-quality service to customers, improve safety, and create capacity," said Dominique Malenfant, Executive Vice President and Chief Information and Technology Officer, CN. "We are excited to work together to drive further innovation across our company and support our customers, employees, and supply chain partners."
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MRK | Hot Stocks08:10 EST Merck, HiberCell to collaborate on Phase 2 trial of odetiglucan - HiberCell announced a clinical trial collaboration with Merck. This metastatic breast cancer clinical trial evaluates KEYTRUDA, Merck's anti-PD-1 therapy, in combination with HiberCell's odetiglucan, a Dectin-1, pattern recognition receptor agonist. Odetiglucan, a novel intravenously-administered innate immune activator, has been previously investigated in combination with pembrolizumab in immune checkpoint inhibitor-naive TNBC, as well as non-small cell lung carcinoma in combination with other immune checkpoint inhibitors, anti-angiogenic antibodies, and tumor-targeting antibodies. Under this collaboration with Merck, the phase 2 single arm, open-label clinical trial is anticipated to enroll up to 50 patients with metastatic breast cancer who have progressed through prior hormone therapy with at least one CDK4/6 inhibitor in sites across the United States. Merck will provide KEYTRUDA(R) for the planned clinical trials.
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CNI... | Hot Stocks08:09 EST Canadian National and Google partner to develop digital scheduled railroading - CN (CNI), and Google (GOOG; GOOGL) Cloud announced a seven-year strategic partnership to transform CN's supply chain as part of digital scheduled railroading, deliver new customer experiences, and modernize its technology infrastructure in the cloud. The companies will collaborate on new services to improve the North American railway system, combining CN's world-leading expertise in the transportation and logistics industry with Google Cloud's technology and culture of innovation.
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WSC | Hot Stocks08:09 EST WillScot Mobile Mini closes acquisition of McDonald Modular Solutions - WillScot Mobile Mini Holdings announced that it closed the acquisition of McDonald Modular Solutions. The transaction was funded with cash on hand and borrowings under the Company's revolving credit agreement. This acquisition adds approximately 1,300 modular units and over 300 storage units in the Company's existing markets in Michigan and Ohio.
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INO | Hot Stocks08:08 EST Inovio provided update from Phase 3 program for VGX-3100 - INOVIO announced updates on the Phase 3 program for VGX-3100 for HPV-associated cervical high-grade squamous intraepithelial lesions, or HSIL, including a one-year follow-up of efficacy and safety data in participants from REVEAL1, completing enrollment in REVEAL2, and advancing its pre-treatment biomarker candidate for VGX-3100 to be further developed with QIAGEN. In addition, INOVIO's development partner within Greater China, ApolloBio, dosed the first participant in a separate Phase 3 trial in China. Key Updates for VGX-3100 include: INOVIO's second global Phase 3 clinical trial of VGX-3100 for cervical HSIL is fully enrolled and top-line efficacy and safety data are expected to be available in 2H22. INOVIO completed the 52-week safety follow-up of participants in REVEAL1, INOVIO's first global Phase 3 trial of VGX-3100, and the safety profile of VGX-3100 observed at Week 36 remained well-tolerated through Week 88. In addition, participants treated with VGX-3100 who met the primary endpoint at Week 36 remained clear of HPV-16 and/or HPV-18 at Week 88. INOVIO and QIAGEN have made progress in biomarker development by identifying candidate biomarker signatures for VGX-3100 with the intent of selecting a final signature in a pre-treatment in vitro diagnostic to improve the primary clinical outcome for biomarker-positive patients with cervical HSIL. The first participant has been dosed in the Phase 3 trial of VGX-3100 for cervical HSIL in China. This trial is being run by ApolloBio and is similar in design to REVEAL2. The trial is expected to enroll up to 84 participants.
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INO | Hot Stocks08:08 EST Inovio provided update from Phase 3 program for VGX-3100 - INOVIO announced updates on the Phase 3 program for VGX-3100 for HPV-associated cervical high-grade squamous intraepithelial lesions, or HSIL, including a one-year follow-up of efficacy and safety data in participants from REVEAL1, completing enrollment in REVEAL2, and advancing its pre-treatment biomarker candidate for VGX-3100 to be further developed with QIAGEN. In addition, INOVIO's development partner within Greater China, ApolloBio, dosed the first participant in a separate Phase 3 trial in China. Key Updates for VGX-3100 include: INOVIO's second global Phase 3 clinical trial of VGX-3100 for cervical HSIL is fully enrolled and top-line efficacy and safety data are expected to be available in 2H22. INOVIO completed the 52-week safety follow-up of participants in REVEAL1, INOVIO's first global Phase 3 trial of VGX-3100, and the safety profile of VGX-3100 observed at Week 36 remained well-tolerated through Week 88. In addition, participants treated with VGX-3100 who met the primary endpoint at Week 36 remained clear of HPV-16 and/or HPV-18 at Week 88. INOVIO and QIAGEN have made progress in biomarker development by identifying candidate biomarker signatures for VGX-3100 with the intent of selecting a final signature in a pre-treatment in vitro diagnostic to improve the primary clinical outcome for biomarker-positive patients with cervical HSIL. The first participant has been dosed in the Phase 3 trial of VGX-3100 for cervical HSIL in China. This trial is being run by ApolloBio and is similar in design to REVEAL2. The trial is expected to enroll up to 84 participants.
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BB | Hot Stocks08:08 EST BlackBerry achieves carbon neutrality - BlackBerry announced it has achieved carbon neutrality across Scope 1, Scope 2 and material Scope 3 emissions, the three groups that categorize the emissions a company creates, as classified under the Greenhouse Gas Protocol Corporate Standard. Additionally, BlackBerry has invested in carbon removal, for a net effect of the company removing carbon from the atmosphere.
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SYY | Hot Stocks08:08 EST Sysco relaunches Foodie magazine - Sysco announced that its Foodie magazine has been relaunched with a new look and feel. The newly designed magazine can be found online as part of Sysco's Foodie Solutions platform. "Sysco's purpose motivates our team to provide outstanding service to our customers, develop solutions to complex problems, and lean in and do good for our communities," says Judy Sansone, Sysco's executive vice president chief commercial officer. "That's who we are and that's what FOODIE magazine is all about - a showcase for the best of what only Sysco can offer. Operators can read about industry-defining ideas, creative solutions, recipes and cutting-edge insights to support customers' success."
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ASND | Hot Stocks08:07 EST Ascendis to provide update on endocrinology rare disease development programs - Ascendis Pharma A/S plans to provide an update on two of its investigational endocrinology rare disease development programs, TransCon PTH for hypoparathyroidism, and TransCon CNP for achondroplasia, and on one of its investigational oncology product candidates, TransCon TLR7/8 Agonist at the Company's virtual R&D Program Update. Ascendis' management outlined continued clinical advancement on each of the three rare disease development programs. Highlights include: Update from ongoing TransCon PTH development program: Reviewed clinical data from ongoing Phase 2 PaTH Forward Trial; Topline results from the Phase 3 PaTHway Trial expected in Q1 2022; Planned NDA submission in Q3 2022 for the treatment of adults with hypoparathyroidism; Topline results from the PaTHway Japan Trial expected in Q3 2022; Planned MAA submission in Q4 2022 for the treatment of adults with hypoparathyroidism; Initiation of the pediatric hypoparathyroidism program planned for Q4 2022. Update from ongoing TransCon CNP development program: Interim Phase 2 ACcomplisH Trial Update: ACcomplisH enrollment complete; Preliminary PK data demonstrated that TransCon CNP provided continuous and dose-dependent exposure with a half-life of ~110 hours mirroring Phase 1 data; Well tolerated in children with achondroplasia with up to 65 weeks follow-up, with mean orthostatic vital signs unchanged; Interim blinded data from the ACcomplisH Trial informed dose selection of 50 and 100 microgram/kg/week for the ACcomplisH China Trial; ACcomplisH Infants TrialIND or equivalent submission planned for Q2 2022; ACcomplisH Trial topline unblinded data anticipated in Q4 2022; Interim update from ongoing TransCon TLR7/8 Agonist first-in-human trial: Early signs of clinical activity in three out of three efficacy-evaluable cancer patients treated with TransCon TLR7/8 Agonist as monotherapy or in combination with pembrolizumab; PK data indicate sustained release of active drug with a half-life of ~7 days and low systemic exposure providing a wide safety margin; Consistent and robust immune activation in tumor tissue was observed for at least 7 days post dose; In the safety-evaluable population observed to date, TransCon TLR7/8 Agonist was well-tolerated with no dose-limiting toxicities or drug-related systemic side effects; the only related adverse events reported were transient, mild injection site-related reactions; transcendIT-101 dose expansion expected to start enrollment in Q2 2022.
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ERJ | Hot Stocks08:07 EST Embraer, TNO sign MoU for R&D in defense - Embraer and TNO, the Netherlands Organization for Applied Scientific Research, have signed a Memorandum of Understanding for future developments of defense and dual-use products and services in air, sea, land, and space domains. The MoU may include joint research, technology development, and innovation process. The MoU intends to extend and increase long-term business relations between the parties during the research and development of key technologies for defense applications, which can be part of future capabilities within Embraer's existing platforms such as the C-390 Millennium, or new aircraft, vehicles, and systems. This MoU also aims to strengthen the cooperation between Embraer and TNO in The Netherlands and Brazil.
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QUOT RDBX | Hot Stocks08:07 EST Quotient expands media network at point of purchase with Redbox pact - Quotient (QUOT) announced it has entered into a partnership with Redbox (RDBX) that expands its media network. Through this partnership, Quotient's media network will begin offering advertisers access to approximately 40,000 Redbox kiosks as well as over 2,000 large display screens on the top of select kiosks. The combination of Quotient's programmatic digital-out-of-home DOOH platform technology with Redbox's expansive kiosk reach with over 400 million estimated weekly retail impressions, gives advertisers new opportunities to serve ads to consumers at grocery and drug stores at a time when purchase intent is very high. In addition, Quotient is able to retarget audiences exposed to any Redbox screen on mobile and in-app display ads. This allows advertisers to engage with consumers on multiple touchpoints throughout their shopping journey. "Redbox is a leader in the entertainment ecosystem and we are thrilled to partner with them," said Steven Boal, CEO and Founder at Quotient. "Redbox's screens can be targeted through Quotient's DOOH DSP technology using our exclusive purchase data, intent data and location intelligence to reach consumers in contextual environments in the moments that matter." "Our collaboration with Quotient brings added value to our retail partners and brands by ensuring relevant and impactful messaging to consumers," said Galen Smith, CEO, Redbox. "We're excited to take this next step with Quotient, particularly on the heels of our digital video signage rollout on select kiosks."
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LDOS | Hot Stocks08:06 EST Leidos awarded $61.5M DHS CISA contract - Leidos was recently awarded the Priority Services Scientific, Engineering, and Technical Assistance prime contract in support of the U.S. Department of Homeland Security Cybersecurity and Infrastructure Security Agency. The competitive single-award hybrid contract includes a cost-plus fixed-fee, firm fixed-price and reimbursable cost line items. It holds a nine-month base period of performance and four one-year options. The contract has a total value of approximately $61.5M if all options are exercised.
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BEEM | Hot Stocks08:06 EST Beam Global announces the VCC at JMU deployed EV ARC charging system - Beam Global announced that Virginia Clean Cities, VCC, at James Madison University, JMU, in Virginia deployed its first EV ARC solar-powered EV charging system to charge fleet, student, faculty and visitor EVs. The system was funded through the U.S. Department of Energy in the Mid-Atlantic Electrification Partnership and also supports university education programs in sustainability and clean technology. VCC's EV ARC system is off-grid and powered by renewable energy, generating and storing its own clean electricity. The system is equipped with 2 Enel X JuiceBox Pro EV chargers that are factory integrated at Beam and delivered as a turnkey sustainable charging system that is rapidly deployed. The system is solar-powered, requiring no construction, or electrical upgrades and will generate no utility bill. "James Madison University is the latest educational institution to enjoy the benefits of driving on sunshine while teaching about clean technology and sustainability," said Desmond Wheatley, Beam Global CEO. "U.S. Department of Energy and Virginia Clean Cities funding made it possible. The emphasis of the current administration on the rapid and widespread growth of EV charging infrastructure is good for these organizations and it's good for Beam Global too as we see more orders coming through our state and federal contracts."
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INO | Hot Stocks08:05 EST Inovio provided update from Phase 3 program for VGX-3100 - INOVIO announced updates on the Phase 3 program for VGX-3100 for HPV-associated cervical high-grade squamous intraepithelial lesions, or HSIL, including a one-year follow-up of efficacy and safety data in participants from REVEAL1, completing enrollment in REVEAL2, and advancing its pre-treatment biomarker candidate for VGX-3100 to be further developed with QIAGEN. In addition, INOVIO's development partner within Greater China, ApolloBio, dosed the first participant in a separate Phase 3 trial in China. Key Updates for VGX-3100 include: INOVIO's second global Phase 3 clinical trial of VGX-3100 for cervical HSIL is fully enrolled and top-line efficacy and safety data are expected to be available in 2H22. INOVIO completed the 52-week safety follow-up of participants in REVEAL1, INOVIO's first global Phase 3 trial of VGX-3100, and the safety profile of VGX-3100 observed at Week 36 remained well-tolerated through Week 88. In addition, participants treated with VGX-3100 who met the primary endpoint at Week 36 remained clear of HPV-16 and/or HPV-18 at Week 88. INOVIO and QIAGEN have made progress in biomarker development by identifying candidate biomarker signatures for VGX-3100 with the intent of selecting a final signature in a pre-treatment in vitro diagnostic to improve the primary clinical outcome for biomarker-positive patients with cervical HSIL. The first participant has been dosed in the Phase 3 trial of VGX-3100 for cervical HSIL in China. This trial is being run by ApolloBio and is similar in design to REVEAL2. The trial is expected to enroll up to 84 participants.
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RSVR | Hot Stocks08:05 EST Reservoir Media acquires rights to the catalog of Fred Parris - Reservoir Media acquired a stake in the publishing catalog of Fred Parris, the writer, lead vocalist and founder of the all-time top doo-wop group The Five Satins. Parris is best known as the writer and lead singer of "In the Still of the Night." "In the Still of the Night" has been ranked among the top doo-wop songs of all time, also having been recorded by Boyz II Men and Debbie Gibson. The song is best known for its use in the Dirty Dancing film soundtrack, with the soundtrack album having sold more than 33 million copies worldwide to date, as well as its predominant use in the Martin Scorsese film The Irishman and in The Buddy Holly Story.
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CBRL | Hot Stocks08:04 EST Biglari Capital issues letter to Cracker Barrel, urges focus on core business - Biglari Capital issued the following letter to shareholders of Cracker Barrel Old Country Store. "We are shareholders of Cracker Barrel Old Country Store, with an ownership of 2,055,141 shares, representing approximately 8.7% of the company's outstanding shares. Cracker Barrel recently reported that in the first quarter of fiscal 2022, its operating income declined by 32% in relation to the first quarter of fiscal 2020 - the calendar year before the pandemic, for better comparability. Cracker Barrel continues to blame its woes on 'uncertainties in the current environment,' yet its peers have navigated that same environment far more effectively, as reflected in their superior stock performance. It has become increasingly clear that management lacks a credible strategy with which to create value in the present business climate, and that the Board, which primarily consists of directors with minimal relevant experience in the casual dining space, is unable to provide the necessary oversight. Management's waning credibility is reflected in the Company's stock performance. As we have stated repeatedly, Cracker Barrel needs to focus on its core business rather than expand into new territory or make acquisitions. We question the rationale for spending $120 million of shareholder capital in fiscal 2022, which includes the opening of three new Cracker Barrel locations and 15 new Maple Street Biscuit Company locations, when there remains a significant profit gap within current business operations. Cracker Barrel does not need more stores; it needs to make the existing ones far more productive. From fiscal 2005 through the end of fiscal 2019, guest traffic declined by approximately 20%. Regaining this lost guest traffic would add more than $600 million in annual revenue. As noted in our last letter to shareholders, the company has an opportunity to return significant capital to shareholders instead of investing in projects with unknown returns. To reiterate, we believe the company should target a near 100 percent dividend payout ratio: a higher regular dividend and a special dividend adjusted annually based on earnings for the fiscal year. Alternatively, we would favor share repurchases. However, over the span of a decade, management's promises on share repurchases have not reduced shares outstanding. Thus, the company's repeated pronouncements regarding share repurchases appear to have been more of a public relations ploy than an actual means of returning capital to shareholders. The numbers back up that assertion. On September 20, 2011, Cracker Barrel had 22,861,682 shares of common stock outstanding. On November 17, 2021, its shares outstanding stood at 23,521,887, for a dilution of approximately 3% over a 10-year period. There is no question that shareholders would be desirous of greater earnings and fewer shares outstanding. It is worth noting that the capital the company lost on the Punch Bowl Social fiasco alone could have reduced shares outstanding by approximately 5%."
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GS | Hot Stocks08:04 EST Goldman Sachs Asset Management to acquire 70 MW solar project portfolio - Dynamic Energy Solutions announced that it has executed definitive asset sale agreements with the Renewable Power Group of Goldman Sachs Asset Management for approximately 70 MWs of distributed solar generation in the state of Maine. Comprised of 11 projects located throughout the state, the portfolio includes projects in Corinth, Madison, Norridgewock, Enfield, Exeter, Glenburn, Gray, Guilford, Leeds, and Wales. The portfolio is expected to come online in 2022 and 2023 and will connect to the local electric distribution systems in Central Maine Power and Versant utility territories. These projects were developed under Maine's net energy bill credit program that provides Maine commercial entities with the ability to derive economic and environmental benefits generated by the projects. Several of Maine's largest employers have signed offtake agreements with Dynamic and Goldman Sachs.
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APRE | Hot Stocks08:04 EST Aprea Therapeutics announces three presentations on eprenetapopt at ASH meeting - Investigators from clinical trials evaluating eprenetapopt in patients with TP53 mutant MDS or AML presented "positive," updated data at the 2021 ASH Annual Meeting. All studies evaluated the tolerability and efficacy of Aprea Therapeutics lead product candidate, eprenetapopt. Data summaries of the presentations are as follows: Title: "Phase II Trial of Eprenetapopt in Combination with Azacitidine As Maintenance Therapy for TP53 Mutated AML or MDS Following Allogeneic Stem Cell Transplantation." Data Summary: In 33 patients enrolled in the trial, the relapse free survival at 1 year post-transplant was 60% and the median RFS was 12.5 months. The overall survival at 1 year post-transplant was 79%, with a median OS of 20.6 months. The post- transplant regimen of eprenetapopt and azacitidine was well tolerated among patients in the clinical trial. Title: "Long-Term Follow-up and Combined Phase 2 Results of Eprenetapopt and Azacitidine in Patients with TP53 Mutant Myelodysplastic Syndromes and Oligoblastic Acute Myeloid Leukemia." Data Summary: By ITT analysis, ORR was 69% and CR was 43% by International Working Group criteria; Biallelic TP53 mutation or complex karyotype was significantly associated with higher CR rate; combination therapy was well tolerated in treated patients. Title: "Phase I and Expansion Study of Eprenetapopt in Combination with Venetoclax and Azacitidine in TP53-Mutant Acute Myeloid Leukemia." Data Summary: In 39 efficacy evaluable patients ORR was 64%, CR was 39%, and CR + CRi and the CR + CRh rates were each 56%. The triplet combination of eprenetapopt, venetoclax and azacitidine, was tolerable as an outpatient regimen.
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NVEI | Hot Stocks08:03 EST Nuvei says short-seller allegations are 'misleading, false' - The Board of Directors of Nuvei Corporation released its statement of support for the Company and its executive team as part of its review of the allegations made in a recent short-seller report. The company said, "Immediately following the release of the report last week making a series of allegations against Nuvei, the Company's Board led by its independent directors retained legal counsel to assist in determining whether the claims had any merit. Based on the review initiated last week, the Board believes that the claims are misleading, false or unrelated to Nuvei's business. The Board is confident that Nuvei's financial and other disclosures are accurate in all material respects. Nuvei has been subject to extensive due diligence, both by its private equity control investors as well as in connection with its public offerings and listings on the Toronto Stock Exchange and the Nasdaq. Moreover, Nuvei operates in a highly regulated environment and is continuously subject to extensive diligence and audits by regulators, bank partners, customers, card schemes and other industry stakeholders in all markets in which the Company operates." Phil Fayer, Chair and CEO said, "The allegations made against Nuvei are malicious and unfounded. I stand behind all our employees as we continue to execute on our strategy with a relentless focus on supporting our customers and making the world a local marketplace. We will not allow the report to distract us any further and we remain unwavering in our commitment to drive growth and value for our shareholders." We remain on track to deliver our full year 2021 financial outlook disclosed on November 9, 2021 and reiterate our medium and long-term growth targets, reflecting our continued momentum around driving innovation, growth and new customer wins."
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ATNM | Hot Stocks08:02 EST Actinium reports data from Actimab-A and CLAG-M Phase 1 combination trial - Actinium Pharmaceuticals announced that updated data from the recently complete Actimab-A and CLAG-M Phase 1 combination trial being conducted at the Medical College of Wisconsin, or MCW, was presented at the 63rd American Society of Hematology Annual Meeting and Exposition, or ASH, that is being held December 11 - 14, 2021 in Atlanta, Georgia and virtually. This Phase 1 trial was a dose escalation study that evaluated Actimab-A, a CD33 targeting antibody radiation conjugate, or ARC, armed with the alpha-emitting radioisotope Actinum-225, combined with CLAG-M, a salvage chemotherapy regimen for patients fit for intensive therapy. Results include: complete remissions in all dose cohorts; 80% overall response rate in patients receiving less than 4 lines of prior therapy with a total of 10 complete remissions across all four dose cohorts; 72% MRD negativity rate determined by flow cytometry compares favorably to 39% MRD negativity rate with CLAG-M alone in MCW's institutional experience.
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EHMEF AFRM | Hot Stocks07:57 EST Goeasy announces renewal of normal course issuer bid - goeasy announced the acceptance by the Toronto Stock Exchange of goeasy's notice of intention to renew its normal course issuer bid and has provided a capital management update, with reference to recent purchases for cancellation of the Company's common shares and hedging activity related to the contingent shares in Affirm Holdings held by the Company. Pursuant to the NCIB, goeasy may purchase for cancellation up to an aggregate of 1,243,781 common shares in the capital of the Company, representing approximately 10% of goeasy's public float. As at December 7, 2021, goeasy had 16,254,135 Common Shares issued and outstanding. Under the NCIB, goeasy may purchase up to 15,706 of its Common Shares on the TSX during any trading day, which represents 25% of the average daily trading volume of 62,825 Common Shares on the TSX for the six months ended November 30, 2021, other than block purchase exemptions. Purchases under the NCIB may commence on December 21, 2021 and continue until December 20, 2022 or such earlier date as goeasy completes its purchases pursuant to the NCIB. The NCIB will be conducted through the facilities of the TSX or alternative trading systems, if eligible, and the price that goeasy will pay for any Common Shares will be the market price prevailing at the time of purchase or such other price as may be permitted. Purchases under the NCIB will be made by means of open market transactions or other such means as a securities regulatory authority may permit, including pre-arranged crosses, exempt offers and private agreements under an issuer bid exemption order issued by a securities regulatory authority. In connection with the NCIB renewal, the Company also announces that it has entered into an issuer automatic purchase plan agreement (the "Plan") with an independent designated broker responsible for making purchases of Common Shares pursuant to the Plan. Under the Plan, the Broker will have sole discretion to purchase Common Shares pursuant to the NCIB during trading black-out periods established under the Company's Insider Trading Policy, subject to the price limitations and other terms of the Plan and the rules of the TSX. The Company may instruct the Broker to make specific purchases and suspend or terminate the Plan, provided in each case that the Company certifies to the Broker that it is not in possession of any material undisclosed information and such request is otherwise in compliance with the terms of the Plan. Under its current normal course issuer bid, which commenced on December 21, 2020 and expires on December 20, 2021, the number of Common Shares that could be repurchased for cancellation was 1,079,703. Pursuant to the NCIB, between November 8, 2021 and December 7, 2021, the Company has purchased for cancellation a total of 322,327 Common Shares, through the facilities of the TSX and alternative trading systems, at a volume weighted average price of $187.16 per Common Share, resulting in a total investment of $60.3 million. The purchase for cancellation of Common Shares is part of the Company's capital management strategy, which is designed to effectively allocate capital in a manner that will produce the greatest long-term return for shareholders. Provided the Company can access and maintain a sufficient level of liquidity to fund organic growth, invest in capital expenditures that produce future revenue growth, and maintain its target level of financial leverage, the Company distributes a quarterly dividend proportionate to approximately 35% of the prior year's adjusted net earnings per share, while utilizing its excess capital to opportunistically invest in new business lines, or purchase its common shares when they are deemed to be trading below their intrinsic value. The Company continues to maintain a level of liquidity sufficient to fund its organic growth plans through 2023, allowing it to deploy excess capital in a manner consistent with this approach going forward. Subsequent to quarter end, the Company entered into a 7-month total return swap agreement to substantively hedge its market exposure related to an additional 75,000 contingent shares related to the equity held in Affirm. The TRS effectively results in the economic value of this hedged portion of the Company's contingent equity in Affirm being settled in cash at maturity for $163.00 per share, net of applicable fees. During the third quarter, the Company previously entered into a 9-month total return swap agreement to substantively hedge its market exposure related to 100,000 contingent shares related to the equity held in Affirm, with those shares being settled in cash at maturity for $110.35 per share, net of applicable fees. To date, the Company has substantively hedged its market exposure related to 175,000 of the 468,000, or approximately 37%, of the total contingent shares related to the equity held in Affirm.
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OSIIF | Hot Stocks07:53 EST Osino announces assay results from infill, drilling Twin Hills Gold project - Osino Resources announce an update on infill and step out drilling at its Twin Hills Gold Project in the Erongo Region of Namibia. The Twin Hills maiden resource was released on April 12th, 2021 including 0.43Moz at 1.00g/t in the Indicated category and 1.47Moz at 1.08g/t in the Inferred category at a cut-off grade of 0.5g/t. The infill drill program is aimed at converting the mineralization to the indicated category and includes approximately 58,000m of drilling to date with the remaining 4,000m to be completed in early January 2022. Dave Underwood, Osino's VP Exploration commented: "The infill program is almost completed with all drilling at Clouds done and just a series of deeper holes at Bulge and THC remaining. Assay results continue to deliver the wide consistent mineralized zones that are characteristic of the Twin Hills deposit and we are confident that our geological modelling is holding together well. We prioritized a step-out drill program to the north of the resource aimed at expanding mineralization down-dip. This program was recently completed and the samples are currently being analyzed at the laboratory. We are on course to deliver an expanded resource at the end of the first quarter of 2022 with additional ounces expected from expansion at Clouds and step-out drilling at Bulge and THC." Highlights: 116,000m of drilling year-to-date comprising 71,000m of infill & step-outs, 30,000m of brownfields, 6,000m of green-fields and 9,000m of feasibility drilling; Bulge and Twin Hills Central continue to produce very wide intercepts with higher grade intervals controlled by northeast plunging shoots; Infill drilling at Clouds completed, higher grade shoot defined from surface; Resource conversion drilling to be completed by January 2022; Approximately 90% of assay results received, remaining assays expected in January/February 2022.
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BSFC | Hot Stocks07:52 EST Blue Star Foods to acquire assets of Gault Seafood, terms not disclosed - Blue Star Foods announced that it has signed a term sheet to acquire certain assets of Gault Seafood, a Recirculatory Aquaculture Systems company with unique technology focused on harvesting the Atlantic Blue Crab during its off-season. Gault Seafood has been in operation for close to 20 years and is based in Beaufort, South Carolina. The acquisition of Gault Seafood is being done through a combination of cash and equity. The transaction is expected to close in Q1-2022. Newbridge Securities Corporation is acting as the Exclusive M&A Advisor to Blue Star Foods Corp. and The Crone Law Group is acting as the Company's Legal Counsel.
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GTLS | Hot Stocks07:51 EST Chart Industries completes acquisition of Earthy Labs for $62M - Chart Industries completed the acquisition of Earthly Labs. The purchase price for the 85% of Earthly Labs that Chart did not already own was $62M, of which approximately 62% is being paid in cash and 38% is being paid in shares of common stock of Chart, par value 1c. Such shares of common stock of Chart are valued for this purpose by using a 5-day volume-weighted average price per share of $169.42. Earthly Labs is the leading provider of small-scale carbon capture systems offering an affordable, small footprint technology platform called "CiCi" to capture, recycle, reuse, track and sell CO2. Earthly Labs proprietary approach includes hardware, software and services to address half of all existing carbon dioxide emissions from industrial sources while converting molecules to value. Earthly Labs' market-driven solution is unique in the carbon capture space, offering quick installation, fast payback, and a cloud-based software solution enabling real-time CO2 capture insights and ongoing value. Since inception, Earthly Labs has included Chart cryogenic CO2 storage tanks, vaporizers, and regulators as a standard part of its offering to customers. The founder and CEO of Earthly Labs, Amy George, will continue in her role within Chart. Earthly Labs is expected to add approximately $20M of revenue to Chart's 2022 outlook with immediate accretion, including anticipated 2022 earnings per share of 12c.
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ULBI | Hot Stocks07:51 EST Ultralife receive contract up to $9.9M for its BA-5390 batteries from US DLA - Ultralife Corporation has received a firm-fixed price, indefinite-delivery/indefinite-quantity contract not to exceed $9.9M from the U.S. Government's Defense Logistics Agency, DLA, for its lithium manganese dioxide, non-rechargeable BA-5390 batteries. The award consists of a three-year base contract with two one-year option periods. Actual delivery orders including the amounts and timing under this contract are at the discretion of the DLA. "Ultralife has been a long-standing supplier to the U.S. military, and our BA-5390 battery is recognized for its long life, unsurpassed safety record and reliability under the toughest conditions. We are pleased that DLA has selected Ultralife once again.," said Michael D. Popielec, President and Chief Executive Officer.
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ZBRA | Hot Stocks07:49 EST FourKites closes year of growth, update on partnership with Zebra - FourKites announced a year of "record growth as the company executed on its vision to build automated, interconnected and collaborative global supply chains that span transportation, warehouses, stores, trucks and more," the company said. The company saw triple-digit growth in total shipments and shipments by mode; drove 50% growth in new customers; significantly expanded its carrier network; and extended real-time visibility to more than 2,800 ports and 2.5M facilities worldwide. New partnerships in 2021 include a global partnership with Zebra Technologies, in which Zebra is now reselling FourKites' Dynamic Yard and real-time visibility platform as part of its suite of asset visibility solutions. Additionally, Zebra's MotionWorks Yard solution has been integrated with Dynamic Yard and Zebra locationing hardware and professional services to increase the in-yard and over-the-road capabilities of its customers. FourKites also partnered with Consumer Brands Association's new Supply Chain Health and Performance Task Force.
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BLBX | Hot Stocks07:49 EST Blacboxstocks reports record recurring revenue, cash receipts in November - Blackboxstocks announced that the company had a record month in November for both monthly recurring revenue and cash receipts. The record cash receipts and revenue in November is expected to result in the company hitting revenue projections at the high end of the previously projected range for Q4. Approximately $800,000, or 67%, of the $1.2M of November's cash receipts were from the sale of annual subscriptions. Revenue recognized from these sales will be amortized over the next twelve months. The significant sale of annual subscriptions in November resulted in the overall ratio of annual subscriptions increasing to 37% of the overall user base from 32%.
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CYDVF | Hot Stocks07:47 EST Pasinex announces extension to Nevada option agreement - Pasinex Resources announces that they have reached an agreement with Cypress Development and Caliber Minerals Inc. to change the terms relating to the earn-in option agreement on the Gunman zinc exploration property in Nevada, USA. The agreement extends the deadline to complete the minimum of US $200,000.00 of qualified exploration expenditures to on or before June 30, 2022. For further clarification on the original deal, refer to the news release dated December 7, 2017.
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ATNM | Hot Stocks07:46 EST Actinium presents data from Phase 1 portion of Actimab-A and venetoclax trial - Actinium Pharmaceuticals announced that data from the Phase 1 portion of its Actimab-A and venetoclax combination trial in patients with relapsed or refractory acute myeloid leukemia, or AML, was presented at the 63rd American Society of Hematology Annual Meeting and Exposition, or ASH, that is being held December 11 - 14, 2021 in Atlanta, Georgia and virtually. Patients enrolled in the study to date have been a median age of 64, with 75% of patients having adverse cytogenetics and 50% of patients having received and failed prior venetoclax and hypomethylating agent, or HMA, therapy. The trial will continue to dose escalate to a fourth dose cohort of 1.5 muCi/kg to determine the dose for the Phase 2 portion of the study.
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CNTA | Hot Stocks07:46 EST Centessa announces notice of allowance for lixivaptan U.S. patent application - On December 3, 2021, the U.S. Patent and Trademark Office issued a Notice of Allowance for Palladio's patent application entitled "Formulations of Lixivaptan for the Treatment of Polycystic Disease," which has claims drawn to using a divided dose regimen of lixivaptan in treating ADPKD. The anticipated patent term would expire June 8, 2038, before consideration of any applicable patent term extensions or adjustments.
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CNTA | Hot Stocks07:45 EST Centessa reports initial safety data from ALERT study - The Company reported initial safety data from the ongoing open-label ALERT Study of ADPKD subjects who previously discontinued JYNARQUE due to liver toxicity. The ALERT Study is designed to assess liver and non-liver safety in subjects who previously experienced liver chemistry test abnormalities that met the criteria for likely drug-induced liver injury while being treated with tolvaptan and who permanently discontinued the drug. Subjects in the ALERT Study undergo up to 8 weeks of screening followed by a three-week baseline measurement period and then a three- to six-week titration phase with lixivaptan, with weekly liver chemistry test monitoring during the baseline and titration phases. During the maintenance phase, liver chemistry tests are obtained every four weeks. The primary outcome measure in the study is the proportion of subjects who develop alanine aminotransferase levels greater than3x ULN adjudicated to be related to lixivaptan resulting in discontinuation of the study drug. To date, ten subjects have entered screening, five failed screening, and one failed the baseline measurement period. The four subjects who enrolled in the study had cases of DILI while being treated with tolvaptan for ADPKD and had ALT elevations that peaked between 1.8x and 3.5x ULN and did not return to below ULN until 23 to 140 days after tolvaptan use was discontinued. Each of these subjects was successfully titrated to a maintenance dose of lixivaptan of either 100 mg BID or 200 mg BID and entered the maintenance phase of the study. As of the most recent data cutoff, three out of four subjects remain on lixivaptan with the longest treatment duration being 366 days, and the remaining subjects at 174 days and 172 days on treatment. One subject successfully titrated to 200 mg BID lixivaptan but withdrew consent after 93 days of dosing. No subjects have had clinically meaningful ALT elevations attributed to lixivaptan and no subjects met the pre-specified stopping criteria of an ALT level greater than3x ULN. The ALERT Study remains open for enrollment of subjects who have had a confirmed case of DILI while being treated with tolvaptan. Most subjects who stop treatment with tolvaptan due to liver toxicity are also eligible for enrollment in the ACTION Study, which is now the primary focus of the Company's recruitment efforts.
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VVOS | Hot Stocks07:44 EST Vivos Therapeutics' mmRNA oral application available for medical reimbursement - Vivos Therapeutics announced that it has received acceptance from a Centers for Medicare & Medicaid Services Pricing, Data Analysis and Coding, PDAC, contractor for its mmRNA device for treating mild to moderate OSA and snoring in adults. This acceptance places the mmRNA device on the PDAC list of oral appliances covered by and billable to Medicare. "Acceptance on the PDAC list marks a positive leap toward increasing commercial insurance coverage, making the mmRNA appliance a cost-effective solution for non-Medicare beneficiaries," the company said. With its novel design, the mmRNA appliance also allows Vivos-trained dentists to help patients in a variety of clinical applications. "This latest regulatory milestone opens the door for Vivos-trained dentists across the country to deliver our life-changing therapeutic technology to the millions of OSA sufferers in the U.S. who are either on Medicare or who have commercial medical insurance coverage that follows Medicare guidelines," said Kirk Huntsman, Vivos CEO and Chairman. "The latest data from our SleepImage home sleep apnea test screening shows that 47% of patients screened were positive for OSA, a far higher prevalence of OSA than has previously been assumed in the industry."
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CNTA | Hot Stocks07:44 EST Centessa initiates global Phase 3 ACTION study of lixivaptan - Centessa Pharmaceuticals together with subsidiary Palladio Biosciences announced the initiation of active recruitment of the global ACTION Study, a pivotal Phase 3 clinical trial evaluating lixivaptan as a potential treatment for Autosomal Dominant Polycystic Kidney Disease. Additionally, the Company reported initial safety data from four subjects who participated in the ongoing open-label ALERT Study of ADPKD subjects who previously discontinued JYNARQUE due to liver toxicity and announced the Notice of Allowance for a U.S. Patent application covering use of lixivaptan in ADPKD. Recruitment has commenced in the global Phase 3 ACTION Study which consists of a two-arm, double-blind, placebo-controlled, randomized phase followed by a single-arm, open-label phase. The study will evaluate the benefit and safety of lixivaptan that has been titrated to a maximum tolerated dose between 100-200 mg BID in subjects with ADPKD and a Mayo Clinic MRI imaging classification of 1C, 1D or 1E and an estimated glomerular filtration rate greater than or equal to25 and less than or equal to90 mL/min/1.73 m2. The primary analysis of the ACTION Study will be performed at the end of Part 1 of the trial, which will have a 2:1 randomization and is designed to assess lixivaptan in slowing the decline in renal function as measured at 52 weeks by the difference in eGFR between the lixivaptan-treated and placebo-treated subjects. Final efficacy measurements at the end of the double-blind period will be conducted while the subject is off study drug over three successive clinic visits. The sample size of the study will be up to 1,350 subjects to provide 90% power to the primary analysis, aiming to detect a 1.4 mL/min/1.73 m2 eGFR difference between lixivaptan-treated and placebo-treated subjects. Thirteen clinical sites have been initiated and the trial is ultimately expected to enroll subjects across more than 200 sites in more than 20 countries. As previously disclosed, the Company expects to dose the first subject in the ACTION Study by the first quarter of 2022. All subjects successfully completing Part 1 are expected to continue into Part 2 of the study and will be treated with lixivaptan for an additional 54-56 weeks to further assess the sustainability of the potential benefit on eGFR change over a two-year period. Consistent with Part 1, updated efficacy measurements will be conducted off study drug. Both parts of the study will contribute to further establishing the safety profile of lixivaptan. An independent data monitoring committee will periodically review all safety data including the liver chemistry data for all subjects throughout the study. The Company anticipates completing enrollment in 2H 2023 and, pending positive data, plans to submit a New Drug Application after completion of the one-year double-blind portion of the study.
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OPGN | Hot Stocks07:42 EST OpGen subsidiary Ares Genetics announces expansion of ARESdb - OpGen announced that its subsidiary, Ares Genetics, has successfully completed Phase 1 of its collaboration with a U.S. CRO and reference lab, originally announced in August. During Phase 2, Ares will gain access to 1,000 proprietary genome and AST datasets thereby strategically enriching ARESdb with proprietary data for key pathogens. Ares Genetics has developed ARESdb, a leading database on antimicrobial resistance, AMR. ARESdb not only comprehensively collects known genetic markers for AMR, but also harbors more than 78,000 datasets essential for the development and training of predictive models. This is up by over 40% from around 55,000 datasets a year ago. OpGen CEO Oliver Schacht added: "Ares will also be applying its next generation sequencing and AI-powered bioinformatics capabilities to analyze the clinical patient samples collected during OpGen's Unyvero UTI clinical trial in the U.S. which will further expand the unique and proprietary contents of ARESdb. We expect Ares to become one of the key drivers of growth for OpGen in the coming years as we also seek to expand the commercial footprint and activities of Ares in the U.S. beginning in January of 2022."
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FTRP IMPL | Hot Stocks07:41 EST Field Trip Health launches Site Management Organization Services - Field Trip Health announced the launch of its Site Management Organization Services. The SMO Services will enable companies and researchers developing psychedelic therapies to use Field Trip's world class facilities, and expertly trained medical and therapy teams, to conduct clinical trials. The SMO Services will be led by Stephan Cote, who has joined Field Trip as Head of Quality. Cote, who joins Field Trip as the Head of Quality, brings more than 25 years of experience in the area of Quality and Regulatory Compliance. Prior to joining Field Trip, Cote was Director of Quality Assurance at Impel NeuroPharma where he led and supported the development and optimization of Impel's quality systems and the buildup of the commercial quality and compliance systems which enabled Impel's first product launch. In his role with Field Trip, Cote will focus on development and refinement of the Field Trip's quality systems to strategically align with rapid advancement of the Field Trip's drug development pipeline and the creation of a clinical research network and the SMO Services.
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VERA | Hot Stocks07:40 EST Vera Therapeutics appoints Kimball Hall to board of directors - Vera Therapeutics announced the appointment of Kimball Hall to its board of directors. Ms. Hall is a seasoned executive and a chemistry, manufacturing, and controls expert. Formerly holding leadership positions at Genentech and Amgen, she is currently president and chief operating officer of Abzena, a biopharmaceutical focused contract development and manufacturing organization.
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KMPH | Hot Stocks07:39 EST KemPharm announces results from trial evaluating higher doses of SDX - KemPharm announced top-line results from its clinical trial exploring the safety and pharmacokinetics of serdexmethylphenidate, SDX, delivered at doses higher than those studied as part of the AZSTARYS development program. AZSTARYS is a once-daily product approved for the treatment of attention deficit hyperactivity disorder in patients ages six years and older. SDX is KemPharm's proprietary prodrug of d-methylphenidate and the primary active pharmaceutical ingredient in AZSTARYS. The U.S. Drug Enforcement Agency has classified SDX as a Schedule IV controlled substance, which is a lower schedule than all other currently available methylphenidate-based products. The dose-ascending Phase 1 clinical trial enrolled 14 subjects who were administered up to four increasing single oral doses of SDX, each at least 14 days apart. Data from the study indicated that the 240 mg and 360 mg doses of SDX were well-tolerated and produced d-MPH exposure generally proportional to the dose. Consistent with previous studies, after dosing d-MPH plasma concentrations demonstrated a gradual increase followed by a slow decline resulting in prototypical broad d-MPH exposure peak observed after oral administration of SDX. Additionally, data suggested that the higher SDX doses produced targeted biological effects that potentially align with the treatment of idiopathic hypersomnia and other sleep disorders, as well as stimulant use disorder. Based on these results, KemPharm is assessing the development programs, approval pathways and commercial potential of two product candidates based on SDX, KP1077 for the treatment of IH, and KP879 for the treatment of SUD, and expects to provide an update on its plans to expand its pipeline in early Q1 2022. KemPharm is also exploring other disease indications that may benefit from SDX-based treatments.
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BLNK | Hot Stocks07:39 EST Blink Charging 'applauds' Biden-Harris Administration's EV Charging Action Plan - Blink Charging is proud to support the Biden-Harris Administration's EV Charging Action Plan and applauds this important step to improve our nation's infrastructure and accelerate the adoption of electric vehicles. "As the nation works towards its ambitious electrification goals, the Biden-Harris Administration's leadership to build out a nationwide network of EV charging infrastructure is a crucial step," stated Michael Farkas, Founder and CEO of Blink Charging. "We look forward to participating in the Administration's collaborative efforts to gather input from a diverse set of stakeholders to inform Federal standards and guidance for EV charging infrastructure deployment. With over a decade of experience in the EV charging industry, we are poised to provide input and act as a key partner in the strategic deployment of a robust and accessible EV charging network. This is an exciting next step to implement the priorities and funding laid out in the Bipartisan Infrastructure Law," said Farkas. "One of the most important, yet overlooked, aspects of transitioning to electrified transportation is that it will require equal access to the EV ecosystem. The Administration's focus on filling charging gaps in disadvantaged and underserved areas aligns with Blink's commitment to deploy infrastructure that is equally and easily accessible to all Americans. By readily providing charging infrastructure to any zip code, such as Blink Mobility's BlueLA car sharing program in coordination with the City of Los Angeles, consumers across the nation will be able to unlock the benefits of EVs. This leadership is pivotal in propelling the industry forward in a strategic and methodical manner, where public actions complement the efforts of private industry to develop the infrastructure required to realize significant and meaningful change for electric vehicles.
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ABUS | Hot Stocks07:37 EST Arbutus, Antios dose first patient in Phase 2a trial of ATI-2173, AB-729 - Antios Therapeutics and Arbutus Biopharma Corporation announced that the first patient has been dosed in a triple combination treatment in patients with chronic hepatitis B virus infection. A single cohort in the ongoing Antios Phase 2a SAVE-1 clinical trial will evaluate a triple combination of Antios' proprietary active site polymerase inhibitor nucleotide, ATI-2173, Arbutus' proprietary GalNAc delivered RNAi therapeutic, AB-729, and tenofovir disoproxil fumarate, a nucleotide reverse transcriptase inhibitor. The multi-center, double-blind, combination clinical trial plans to enroll 40 patients including a cohort of 10 patients with chronic HBV infection assigned 8:2 to active drugs or matching placebos. The active drugs or placebos will be administered in combination with 300 mg of tenofovir disoproxil fumarate. ATI-2173 and tenofovir disoproxil fumarate will be administered orally and by injections once daily for 90 days. AB-729 will be administered by subcutaneous injection at Day 28 and Day 90. Following this 90-day treatment period, patients will be followed-up for safety and sustained antiviral responses for six additional months.
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TGTX | Hot Stocks07:36 EST TG Therapeutics announces data from UNITY-CLL Phase 3 trial - TG Therapeutics announced two data presentations, highlighted data from the UNITY-CLL Phase 3 trial evaluating the combination of ublituximab, the Company's investigational anti-CD20 monoclonal antibody and UKONIQ, the Company's inhibitor of PI3K-delta and CK1-epsilon, in patients with both treatment naive and relapsed or refractory chronic lymphocytic leukemia, CLL. Data presentations occurred yesterday evening during the 63rd American Society of Hematology, ASH, annual meeting and exposition. Poster Presentation Title: "Efficacy and Safety of Ublituximab in Combination with Umbralisib in Patients with Chronic Lymphocytic Leukemia By Treatment Status: A Sub-Analysis of the Phase 3 Unity-CLL Study." A total of 210 CLL patients were enrolled in the U2 cohort of the UNITY-CLL trial, including 119 treatment naive and 91 previously treated. Efficacy and safety highlights for the treatment naive population included: independent review committee assessed progression-free survival of U2 in the TN population was 38.5 months, with two-year PFS of 76.6%; 84% IRC-assessed overall response rate in the TN population, including 5% complete response/complete response with incomplete marrow recovery; responses were durable with 76% maintaining response at 2 years; grade 3/4 adverse events of special interest occurring in the TN population included ALT elevation, AST elevation, rash, pneumonia, non-infectious colitis, pneumonitis and opportunistic infections. Efficacy and safety highlights for the previously treated population included: IRC-assessed PFS in the PT population was 19.5 months, with two-year PFS of 41.3%; 82% IRC-assessed ORR in the PT population, including 4% CR/CRi; Responses were durable, with 43% maintaining response at 2 years; Grade 3/4 adverse events of special interest occurring in the PT population included ALT elevation, AST elevation, rash, pneumonia and opportunistic infections. Poster Presentation Title: Favorable Outcomes for Patients Treated with U2 with Co-Morbidities or Concomitant Medications: A Retrospective Analysis of Unity-CLL Phase 3 Trial. A total of 210 CLL patients were enrolled in the U2 cohort of the UNITY-CLL trial, including 119 treatment naive and 91 previously treated. 131 of U2 treated patients had at least 1 comorbid condition or concomitant medication (conmed) that could pose potential issues with BTKi therapy. 88% ORR, including 5% CR, for those patients with at least 1 comorbidity or conmed, compared to 83% ORR, including 5% CR, for the entire U2 population. No difference in IRC-assessed PFS was observed between the group of patients with at least 1 comorbidity or conmed compared to the entire U2 population. Grade 3/4s AEs of clinical interest in the group of patients with at least 1 comorbidity or conmed and the entire U2 population respectively, included ALT elevation, AST elevation, non-infectious colitis and pneumonitis
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SLG | Hot Stocks07:35 EST SL Green Realty announces sale of 707 Eleventh Avenue - SL Green Realty announced the sale of its ownership interest in 707 Eleventh Avenue for a gross sale price of $95M to a domestic buyer. SL Green purchased the 160,000 square foot, loft-style building in January of 2020 for $90M. The transaction is expected to close in the first quarter of 2022, subject to customary closing conditions. Proceeds from the sale are expected to be used for the repayment of corporate debt. A team led by Andrew Scandalios at JLL represented SL Green in the transaction.
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GBT | Hot Stocks07:35 EST GBT announces proposed offering of $250M Convertible Senior Notes - Global Blood Therapeutics announced that it intends to offer $250.0 million aggregate principal amount of its Convertible Senior Notes due 2028 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. GBT also intends to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $37.5 million aggregate principal amount of notes. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. The notes will be senior, unsecured obligations of GBT, and interest on the notes will be payable semi-annually in arrears. The notes will be convertible into cash, shares of GBT's common stock or a combination thereof, at GBT's election. The interest rate, conversion rate and other terms of the notes are to be determined upon pricing of the offering. In connection with the pricing of the notes, GBT expects to enter into privately negotiated capped call transactions with one or more of the initial purchasers of the notes or their respective affiliates or other financial institutions. The capped call transactions are expected generally to reduce potential dilution to GBT's common stock upon conversion of any notes and/or offset any potential cash payments GBT is required to make in excess of the principal amount of converted notes, as the case may be, with such reduction and/or offset subject to a cap. GBT has been advised that, in connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates expect to purchase shares of GBT's common stock and/or enter into various derivative transactions with respect to GBT's common stock concurrently with or shortly after the pricing of the notes. This activity could increase the market price of GBT's common stock or the notes at that time. In addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to GBT's common stock and/or purchasing or selling GBT's common stock or other securities of GBT in secondary market transactions following the pricing of the notes and prior to the maturity of the notes. This activity could also cause a decrease or avoid an increase in the market price of GBT's common stock or the notes, which could affect the ability of noteholders to convert the notes and, to the extent the activity occurs following a conversion or during any observation period related to a conversion of notes, it could affect the amount and value of the consideration that noteholders will receive upon conversion of such notes. GBT intends to use a portion of the net proceeds from the offering of notes to pay the cost of the capped call transactions. If the initial purchasers exercise their option to purchase additional notes, GBT intends to use a portion of the net proceeds from the sale of the additional notes to enter into additional capped call transactions with the option counterparties. GBT intends to use the remainder of the net proceeds from the offering for the continued commercialization of Oxbryta and the clinical development of Oxbryta(R) and GBT's product candidates, and for other general corporate purposes, which may include potential acquisitions, investments and strategic transactions.
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MNMD | Hot Stocks07:33 EST MindMed appoints Robert Barrow as CEO - Mind Medicine announced that Robert Barrow was appointed as CEO and as a member of the Board of Directors, effective immediately. Barrow previously served as interim CEO and Chief Development Officer of MindMed and brings strategic expertise and deep industry insight to his role. Robert Barrow is an accomplished pharmaceutical executive with over a decade of experience leading organizations and drug development programs in a variety of disease areas. Barrow is a recognized leader in the psychedelic industry, in which he has played a central role in the design and execution of several successful regulatory and drug development strategies.
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HEXO | Hot Stocks07:33 EST Hexo announces new strategic plan 'The Path Forward' - The Company also announced its new transformative plan, The Path Forward, to solidify its position as the number one cannabis company in Canada, with the goal of becoming the first amongst its peers to be cash flow positive from operations. The Path Forward is made up of five priorities: Reduce manufacturing and production costs; Streamline and simplify the organizational structure; Realize cost synergies from acquisitions and recent plant closures; Focus on revenue management, including more disciplined pricing; and Accelerate growth through organic market share gains and capture missed revenue opportunities, including improving our ability to align cultivation planning with market demand, reintroduce a focus on medical and strengthen our commercial capabilities and innovation pipeline. These initiatives are expected to generate incremental cash flow of $37.5 million in fiscal 2022 and an additional $135 million in 2023 for a total of $175 million over the two years, split almost evenly between cost reductions within our control and revenue opportunities. HEXO is also focused on delivering revenue growth and margin opportunities as it integrates its recent acquisitions of Redecan, Zenabis and 48North. The Company now expects to achieve over $50 million in synergies, significantly exceeding its initial target of $35 million. To date, the Company has achieved $25 million of run-rate synergies. Transitory Expenses To align with HEXO's strategy to align operations and be more disciplined stewards of capital, the Company decided to review and assess capital intensive projects. As part of that assessment, management decided to halt the Keystone Isolation Technologies project indefinitely as of October 31, 2021, resulting in a one-time charge of $11.3 million. This decision, and the Company's decision to review and assess capital intensive projects more generally, align with HEXO's strategy to optimize operations. The Company also incurred impairment losses during the period: Impairment on property, plant and equipment - The Company has completed an assessment of a certain zone within its B9 facility which has been deemed redundant by management based on its new cultivation capacity. Impairment on investment in associate - On October 31, 2021, there existed indicators of impairment on the Company's investment in Truss LP and as such management performed discounted cash flow valuation at October 31, 2021 which resulted in impairment to its recoverable amount. The historical carrying amount of the Truss LP investment included $42.3 million related to the fair value of warrants issued to Molson Canada as part of the initial investment in 2018. These warrants expired unexercised in October 2021. Acquisition and transactions costs - related to the recent acquisitions of Redecan, Zenabis and 48North amounted to $24.4 million.
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ATAI | Hot Stocks07:32 EST Atai Life Sciences announces outcome of Phase 2a trial of RL-007 - atai Life Sciences announced positive topline data from its Phase 2a study of RL-007 for Cognitive Impairment Associated with Schizophrenia, CIAS. The 32-patient, single-arm, single-blind study demonstrated a clinically meaningful pro-cognitive profile for RL-007, based on analysis of general cognition and episodic memory. Additionally, the trial showed changes in quantitative electroencephalogram, qEEG, that are consistent with previous results of a prior study of healthy volunteers. Together, the results support atai's decision to progress RL-007 to a double-blind, placebo-controlled Phase 2 trial focused on cognition. The topline Phase 2a data showed dose-related improvements on exploratory cognitive endpoints. The dose-responsive improvement of Symbol Coding and HVLT replicated the previously observed cognitive bi-phasic dose response of RL-007. Importantly, Symbol Coding is a highly sensitive cognitive endpoint in CIAS patients, has a high correlation with patient outcome, and is a key component of the Measurement and Treatment Research to Improve Cognition in Schizophrenia Consensus Cognitive Battery. In addition to the pro-cognitive effects, a dose dependent response in qEEG was observed, with the greatest increases seen in 20mg and 40mg doses of RL-007. The qEEG data demonstrated salient increases in amplitude in the alpha band and in the alpha-slow wave index, both markers of alertness believed to correlate with aspects of cognition.
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NLY | Hot Stocks07:32 EST Annaly Capital promotes Ilker Ertas to Chief Investment Officer - Annaly Capital Management announced that it has promoted Ilker Ertas to Chief Investment Officer effective immediately. He will continue to report to David L. Finkelstein, Annaly's Chief Executive Officer and a member of the Company's Board of Directors, who previously held the role of Chief Investment Officer since 2016.
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MDT | Hot Stocks07:31 EST Medtronic: FDA grants 510(k) clearance for INVOS 7100 system - Medtronic announced that the U.S. FDA has granted 510(k) clearance for its INVOS 7100 cerebral/somatic oximetry system for children from birth through age 18. The INVOS system picks up key signals to inform time-critical decisions by pediatric clinicians related to hemodynamic management, ventilation, and resuscitation for premature infants, neonates, children, and other patients treated by pediatric clinicians.
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HEXO | Hot Stocks07:31 EST Hexo CFO Trent MacDonald to depart, John Bell appointed chair of board - As part of its plan to ensure the Company has adequate capital to meet its requirements, it is taking immediate action to reduce the dilutive effect of its senior secured convertible note. The Company is working with investment banks, as well as its current debt holder towards a holistic solution to reduce its debt overhang. The Company is actively evaluating alternatives in a manner which maximizes shareholder value. HEXO continues to be actively engaged in positive, ongoing conversations with its senior secured note holder on potential restructuring options of the note. As of December 14, 2021, $118 million and $375 thousand of principal on the Convertible Note has been redeemed and converted, leaving $241.625 million of principal outstanding. The Company is making a series of executive changes to strengthen its focus on products, operations, and profitability. These decisions reflect HEXO's vision for building a best-in-class consumer packaged goods company that is on the path toward stable, long-term growth. HEXO is bolstering its focus on products by appointing Jackie Fletcher as Vice-President, Science & Technology. This strategic appointment will allow HEXO to leverage the deep expertise and bench strength from the Redecan acquisition as well as the practical application they applied to R&D. Jackie will report directly to Scott Cooper. Trent MacDonald will step down from his role as Chief Financial Officer, effective March 11, 2022. Trent will continue in his role until March 11, 2022, to ensure a smooth transition while the Company completes its search for a new CFO. To further strengthen its corporate governance, the Company has appointed John Bell as the new Chair of the Board, effective immediately. John is currently Chairman of Stack Capital, Pure Jamaican Limited and a board member of Cure Pharmaceutical. He was also a member and Chair of the Board at Canopy Growth between 2014 and 2020. His tremendous experience will further position HEXO as the market-leader in Canada.
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NRDS | Hot Stocks07:31 EST NerdWallet appoints John Caine as Chief Product Officer - NerdWallet welcomes John Caine as its new Chief Product Officer, or CPO. Caine will be part of the executive leadership team at NerdWallet, where he will accelerate product development to provide consumers with the best product experiences. Caine brings over 20 years of experience in building, scaling and optimizing consumer products. Most recently, as CPO and Chief Conversion Officer at Vroom, he focused on simplifying and improving the car buying process for consumers by understanding their motivations and building products to help alleviate their pain points. Prior to Vroom, John served as the CPO at Priceline.com and was one of the early leaders responsible for developing and driving mobile growth. Caine launched the Priceline mobile business as a side work project, which later turned into the core focus of the product organization, driving a significant amount of revenue.
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GIIX | Hot Stocks07:30 EST Gores Holdings VIII Inc (Class A Stock) trading resumes
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GRTX | Hot Stocks07:30 EST Galera Therapeutics trading resumes
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CDTX | Hot Stocks07:30 EST Cidara Therapeutics trading resumes
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GRTX | Hot Stocks07:28 EST Galera Therapeutics trading halted, news pending
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GIIX | Hot Stocks07:28 EST Gores Holdings VIII Inc (Class A Stock) trading halted, news pending
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CDTX | Hot Stocks07:28 EST Cidara Therapeutics trading halted, news pending
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ATHE | Hot Stocks07:26 EST Alterity receives approval for Phase 2 clinical trial for ATH434 in New Zealand - Alterity Therapeutics announced that the New Zealand Medicines and Medical Devices Safety Authority, or Medsafe, has authorized Alterity's Phase 2 clinical trial for ATH434 in Multiple System Atrophy, or MSA, a rare and highly debilitating Parkinsonian disorder. The Phase 2 clinical trial is a randomized, double-blind, placebo-controlled investigation of ATH434 in patients with early-stage MSA. The study will explore the effect of ATH434 treatment on imaging and protein biomarkers such as aggregating alpha-synuclein and excess iron, which are important contributors to MSA pathology. Clinical endpoints and other biomarkers will permit comprehensive assessment of ATH434 efficacy along with characterization of safety and pharmacokinetics.
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TGTX | Hot Stocks07:26 EST TG Therapeutics announces FDA acceptance of BLA for ublituximab - TG Therapeutics announced that the U.S. Food and Drug Administration has accepted the Biologics License Application, BLA, for ublituximab, the Company's investigational glycoengineered anti-CD20 monoclonal antibody, as a treatment for patients with relapsing forms of multiple sclerosis, RMS. The FDA has set a Prescription Drug User Fee Act, PDUFA, goal date of September 28, 2022. The FDA also notified the Company that it is not currently planning to hold an advisory committee meeting to discuss this application. Michael Weiss, Chairman and Chief Executive Officer of TG Therapeutics, stated, "We are excited to share that we have received formal communication from the FDA, and the BLA for ublituximab to treat relapsing forms of MS has been accepted and granted a standard review. This is a major milestone for us as it is our first U.S. marketing application for an autoimmune indication. We look forward to working with the FDA throughout this review process."
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BABYF | Hot Stocks07:26 EST Early warning report filed for shares of Else Nutrition - Pursuant to National Instrument 62-103, The Early Warning System and Related Take-Over Bids and Insider Reporting Issues, Ms. Hamutal Yitzhak and Mr. Uriel Kesler were each required to file an early warning report in relation to their respective change in holdings of the 104,196,220 outstanding common shares in the capital of Else Nutrition Holdings by more than 2% from the date of their previously filed early warning reports. The change in the security holdings of Ms. Yitzhak and Mr. Kesler is a result of general dilution to shareholders due to the number of additional Shares issued by the Issuer from treasury since the date of their respective prior reports and is not a result of a disposition of Shares by either Filer. Effective December 12, 2021, Ms. Yitzhak ceased to exercise voting control or direction over an aggregate of 599,995 Shares, pursuant to the voting support agreements more particularly described in Ms. Yitzhak's early warning report dated December 14, 2020. Since the date of the prior report, Ms. Yitzhak's holdings in the Share class decreased from approximately 16.20% to approximately 13.74% of the current outstanding Shares. This represents an overall decrease of approximately 2.46%, on a partially-diluted basis, assuming the exercise of 488,184 stock options to acquire Shares which are beneficially held by Ms. Yitzhak and are exercisable today or within 60 days.Immediately prior to the Deemed Disposition, Ms. Yitzhak held beneficial ownership, direction or control over an aggregate of 14,430,012 Shares and 481,944 Options, representing approximately 13.84%, on a non-diluted basis, and approximately 14.31%, on a partially-diluted basis, of the current outstanding Shares, assuming the deemed exercise of the 481,944 Options. Immediately after the Deemed Disposition, Ms. Yitzhak held or is deemed to hold beneficial ownership, direction or control over, an aggregate of 13,830,017 Shares and 488,194 Options, representing approximately 13.27%, on a non-diluted basis, and approximately 13.74%, on a partially-diluted basis, of the current outstanding Shares, assuming the deemed exercise of 488,194 Options. The holdings include the vested portion of the 75,000 Options granted to Ms. Yitzhak on November 12, 2021, as more particularly described in the Issuer's press release dated November 12, 2021, and the balance of the 599,995 Shares over which Ms. Yitzhak continues to exercise voting control or direction in accordance with the voting support agreements. Effective December 12, 2021, Mr. Kesler was deemed to have acquired voting control and direction over an additional 6,250 Shares as a result of the vesting of a portion of the 75,000 Options granted to Mr. Kesler on November 12, 2021. Since the date of Mr. Kesler's prior early warning report dated June 13, 2019, Mr. Kesler's holdings in the Share class decreased from approximately 19.71% to approximately 13.15% of the current outstanding Shares. This represents an overall decrease of approximately 6.54%, on a partially-diluted basis, assuming the exercise of 474,306 Options which are beneficially held by Mr. Kesler and are exercisable today or within 60 days. Immediately prior to the Vested Options, Mr. Kesler held beneficial ownership, direction or control over an aggregate of 13,230,012 Shares and 481,944 Options, representing approximately 12.70%, on a non-diluted basis, and approximately 13.15%, on a partially-diluted basis, of the current outstanding Shares, assuming the deemed exercise of the 481,944 Options. Immediately after the Vested Options, Mr. Kesler held or is deemed to hold beneficial ownership, direction or control over, an aggregate of 13,230,012 Shares and 488,194 Options, representing approximately 12.70%, on a non-diluted basis, and approximately 13.16%, on a partially-diluted basis, of the current outstanding Shares, assuming the deemed exercise of 488,194 Options. Immediately after the Vested Options, Mr. Kesler held or is deemed to hold beneficial ownership, direction or control over, an aggregate of 13,230,012 Shares and 474,306 Options, representing approximately 12.70%, on a non-diluted basis, and approximately 13.15%, on a partially-diluted basis, of the current outstanding Shares, assuming the deemed exercise of 474,306 Options. The Shares and Options are held by the Filers for investment purposes. While each respective Filer currently has no plans or intentions with respect to the Issuer's Securities, depending on market conditions, general economic and industry conditions, trading prices of the Issuer's Shares, the Issuer's business, financial condition and prospects and/or other relevant factors, the Filers may develop such plans or intentions in the future and, at such time, may from time to time acquire additional Securities, dispose of some or all of the existing or additional Securities or may continue to hold the Securities of the Issuer.
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HSDT | Hot Stocks07:24 EST Helius Medical announces issuance of US patent for wireless PoNS - Helius Medical Technologies announced that the United States Patent and Trademark Office, USPTO, has issued U.S. Patent No. 11,197,994, which is directed to systems for providing non-invasive neurorehabilitation of a patient. The patent is similar in scope to prior Helius patents for the Portable Neuromodulation Stimulator, PoNS. device but expressly recites that the communications between the mouthpiece and controller are done wirelessly. "We are pleased to announce our new patent, which will allow for a wireless connection between the mouthpiece and controller of our PoNS device," said Dane Andreeff, President and Chief Executive Officer of Helius. "PoNS is the first and only patented therapy combining trigeminal nerve neurostimulation via the tongue with physical therapy to reduce symptoms of neurological disease or trauma, and this patent is an important building block for future generations of PoNS therapy." Helius now owns 34 U.S. and 46 foreign patents expiring between 2026 and 2036, and exclusively licenses nine U.S. medical method patents expiring between 2029 and 2031.
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AUY | Hot Stocks07:24 EST Yamana Gold released its GHG abatement targets - YAMANA GOLD announces the outcome of its foundational work on its Climate Action Strategy, announced on February 11, 2021, which describes the Company's commitment to a low-carbon future. The foundational work began in early 2021 and Yamana previously indicated that it would complete its work and establish science based greenhouse gas, GHG, abatement targets by end of year. A summary of the work to date and abatement targets follows. Yamana has raised its climate action ambition by adopting a 1.5 degrees C target; Foundational climate action work has been completed successfully; Annual emissions reduction of approximately 4.2% will be required until 2030 to meet a 1.5 degrees C temperature scenario; Yamana is on track to produce approximately 85% of its gold equivalent ounces with renewable energy by the end of 2022; Yamana will be able to meet the targets with a modest, almost incremental amount of investment; Yamana will continue to assess further opportunities to improve on its goals of GHG abatement including adoption of advancing technologies for its new mines. Based on the Company's analysis of a 1.5degreesC temperature scenario, an annual emissions reduction of approximately 4.2% will be required until 2030. The Company has concluded that it will be able to meet these reduction targets by its 2030 target. The Company's ability to meet the 1.5degreesC temperature scenario is in part the result of a focus on underground mines and operating in jurisdictions that have a large proportion of available renewable, green electricity. Yamana is evaluating opportunities to further reduce its GHG emissions by investing in battery-electric vehicles, automation and other emerging technologies. The Company's near-term growth in both Quebec and Brazil will leverage electrical grids that have a high proportion of green, renewable energy. In 2022, the Company will continue to refine its analysis and transition to a more operations-focused approach as it continues work to identify and assess additional opportunities to reduce GHG emissions.
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ITMZF | Hot Stocks07:22 EST Intema's Generationz Gaming signs LOI with Wild Rose Entertainment - Intema Solutions announces the creation of Generationz Gaming Entertainment, a new U.S. subsidiary located in Chicago, Illinois, led by gaming veteran CEO William Foss. Generationz has signed a letter of intent with Wild Rose Entertainment to award Generationz a LOOT.BET sports wagering skin. The LOI will be contingent on, among other things, the negotiation of a definitive agreement, successful certification of the LOOT.BET betting platform by Gaming Laboratories International and obtention of a gaming license from the State of Iowa Racing and Gaming Commission. Further to its news release of April 21, 2021, on July 12 and October 12, 2021, Intema issued an aggregate of 118,868 common shares of the Corporation at a deemed price of $0.53 per share to Agora Internet Relations Corp. in consideration of services rendered.
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CABA | Hot Stocks07:20 EST Cabaletta Bio reports activity from two lowest dose cohorts in DesCAARTes trial - Cabaletta Bio reported top-line data on biologic activity from the two lowest dose cohorts in the DesCAARTes Phase 1 clinical trial of DSG3-CAART for the treatment of patients with mucosal Pemphigus Vulgaris, mPV. As of December 12, 2021, six patients, comprising the two lowest dose cohorts had completed three to six months of follow-up for evaluation of DSG3-CAART biologic activity. Patients enrolled had persistent mild to moderate disease severity prior to infusion despite receiving or having received systemic medication for treatment of their mPV symptoms prior to enrollment. Parameters being used in the trial to evaluate potential biologic activity include persistence of DSG3-CAART, change in level of DSG3 autoantibodies, change in mPV therapy or need for new systemic rescue therapy, and change in disease activity. Prior to infusion, disease activity scores improved in five of six participants in the absence of any protocol directed additions to baseline therapy. Of those five participants, one had a decline in DSG3 autoantibody levels greater than or equal to20% during that period. Additional data on the initial cohorts in the DesCAARTes trial are anticipated to be presented at medical meetings and/or scientific sessions in 2022. "Based on the reported safety data from the first three cohorts, the observation of dose-dependent increases in persistence previously reported in Cohort A3 relative to the first two cohorts, and consultation with investigators, advisors, and the FDA, we now have the opportunity to expand the trial to evaluate higher dose cohorts, consolidated dosing and, subject to an IND amendment, an enhanced manufacturing process," said Steven Nichtberger, M.D., Chief Executive Officer and Co-founder of Cabaletta. "With six sites activated and dosing underway in the fourth cohort at a dose of 2.5 billion DSG3-CAART cells, we anticipate reporting top-line biologic activity from the 500 million cell cohort A3 as well as 28-day safety data from the 2.5 billion cell cohort in the first quarter of 2022."
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XOS | Hot Stocks07:20 EST Southern Glazer's Wine & Spirits signs purchase order with Xos - Southern Glazer's Wine & Spirits announced it has signed a purchase order with Xos for 10 Xos Class 7 refrigerated beverage trucks. This initial test of electric trucks will be used to inform future deployments of Xos electric vehicles into the Company's national fleet. The 10 first-of-their-kind vehicles will be deployed from Southern Glazer's Dallas/Ft. Worth distribution center and used as part of the Company's delivery fleet supporting the North Texas market in the second half of 2022. Plans to invest in electric vehicle charging stations at the facility are also underway.
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TALS | Hot Stocks07:18 EST Talaris presents analysis of HLA mismatching in Phase 2 trial of LDKT - Talaris Therapeutics presented a new analysis of HLA mismatching between donors and recipients participating in the Company's Phase 2 trial in living donor kidney transplant, LDKT. High-resolution allele typing at six loci found that FCR001 induced durable immune tolerance in highly mismatched related and unrelated recipients. The findings were at the American Society of Hematology, ASH, Annual Meeting. The new analysis is based on DNA samples collected in Talaris' Phase 2 trial of FCR001 in living donor kidney transplant recipients. The focus of the analysis was to evaluate the degree of donor/recipient HLA mismatching using high-resolution allele typing at HLA-A, -B, -C, -DRB1, -DQB1 and -DPB1, and to understand its correlation with the ability to establish durable chimerism in this patient sample. Samples from 29 of the 37 donor/recipient pairs were evaluated across all 12 of the relevant HLA alleles; three other donor/recipient pairs were evaluated across 10 alleles as the samples did not have sufficient DNA to test for locus DPB1. In the former group, 21 of 29 donor/recipient pairs had 6/12 or more mismatching; in the latter group, two of the three pairs had 5/10 or more mismatching. Despite this high degree of mismatch, durable chimerism induced by FCR001 allowed for full withdrawal of immunosuppression in 25 of these 32 subjects, with time off IS ranging from 3.5 to 11 years. Twelve of these 25 pairs were unrelated with greater than or equal to 8 HLA mismatches, and the majority of treated patients showed greater than 95% donor whole blood/T cell chimerism. As previously reported, there was limited incidence of GvHD, being two cases, both in the setting of a female donor to unrelated male recipient. An exclusion criterion for this donor-recipient pairing was added to the Phase 2 trial.
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GTBIF | Hot Stocks07:17 EST Green Thumb Industries to open GreenStar Herbals Chelsea in Massachusetts - Green Thumb Industries announced it will open GreenStar Herbals Chelsea in Massachusetts on Wednesday, December 15, 2021. The store will be rebranded to Rise in 2022. Profits from the first day of sales will be donated to La Colaborativa, an organization committed to empowering Latinx immigrants to enhance the social and economic health of the community and its people.
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AGFY | Hot Stocks07:16 EST Agrify appoints Barry Turkanis to board of directors - Agrify Corporation announced the appointment of Barry Turkanis as an independent director on its Board of Directors. Mr. Turkanis replaces Timothy Oakes, who recently resigned from the Board of Directors in order to become the Company's Chief Financial Officer. Mr. Turkanis will also serve on the Board of Directors' Audit Committee as well as its Nominating and Corporate Governance Committee. Turkanis has had a highly successful career in institutional sales and trading with over 22 years of experience at Salomon Brothers and Goldman Sachs.
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ADGI | Hot Stocks07:13 EST Adagio reports neutralizing activity of ADG20 against Omicron COVID-19 variant - Adagio Therapeutics provided an update following external in vitro analyses to evaluate neutralizing activity of ADG20 against the Omicron SARS-CoV-2 variant. The in vitro data generated through both authentic and pseudovirus testing of the Omicron variant show a greater than 300-fold reduction in neutralizing activity of ADG20 against Omicron. Additional analyses are ongoing, and the company plans to engage with regulatory and government agencies to assess the role ADG20 can play for the prevention and treatment of COVID-19, particularly as the industry's understanding of the epidemiology and impact of Omicron and potential new variants develops. ADG20 is an investigational monoclonal antibody product candidate designed to provide broad and potent neutralizing activity against SARS-CoV-2, including variants of concern, for the prevention and treatment of COVID-19 with potential duration of protection for up to one year with a single injection.
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TNXP | Hot Stocks07:13 EST Tonix Pharmaceuticals announces IND clearance for TNX-2100 - Tonix Pharmaceuticals Holding announced the U.S. Food and Drug Administration has cleared the Investigational New Drug application to initiate a first-in-human clinical study for TNX-2100, a skin test to measure delayed-type hypersensitivity to SARS-CoV-2, the virus that causes COVID-19. DTH is a measure of T cell immunity. Tonix expects to initiate the clinical study in the first quarter of 2022. T cell immunity to SARS-CoV-2 is believed to provide an important element of protection against serious COVID-19 illness after infection with SARS-CoV-2. T cell immunity persists longer than antibody immunity and is sometimes present in the absence of a measurable antibody response. For example, T cell immunity has been detected in some individuals who do not make antibody responses and in others after their antibody responses have waned and become undetectable over time. A complete picture of a patient's immune status would require assessment of both antibody titers and T cell immunity. Skin tests that elicit DTH responses are well-established methods for the detection of antigen-specific T cell responses. Tests of this kind are known as in vivo diagnostics because they require injection of small peptides into the skin. A positive result is evidenced by a skin reaction surrounding the site of the injection produced by local infiltration of functional antigen-specific T cells. In parallel to developing TNX-2100 as a potential diagnostic tool, Tonix is developing TNX-1800, a live virus vaccine for COVID-19 designed to elicit primarily T cell immunity. Tonix has completed positive immune response and challenge studies in non-human primates and expects to start a Phase 1 study in humans in the second half of 2022, based on the FDA written responses of a pre-IND meeting.
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TUEM | Hot Stocks07:11 EST Tuesday Morning appoints Marcelo Podesta as independent director - Tuesday Morning Corporation announced that Marcelo Podesta joined the company's board of directors as an independent director, effective December 13, 2021. Podesta is currently President of National Business Furniture Inc., a role he has held since August 2020.
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BIIB | Hot Stocks07:11 EST Biogen, TheraPanacea announces new collaboration on focused on digital health - Biogen announced that they have entered into a collaboration focused on multiple therapeutic areas in neuroscience, to further build on the companies' existing relationship. The aim is to leverage machine learning, ML, and artificial intelligence, AI, analysis to develop digital health solutions that may improve patient care, accelerate drug development, and further the understanding of the underlying pathologies of neurological diseases. By harnessing ML and AI to draw meaning from medical imaging and other clinically relevant data sources, there is potential to improve disease understanding and enable more personalized clinical trial design. Under the terms of the agreement, Biogen will invest up to $15M in exchange for TheraPanacea convertible debt. The agreement also provides for up to approximately $41M in milestone payments contingent upon the achievement of certain research and development milestones. In addition, Biogen gains exclusive rights to TheraPanacea's technology in neuroscience. To meet the goals of this collaboration, TheraPanacea will invest in expanding its existing operations and workforce in Europe.
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JUSHF | Hot Stocks07:10 EST Jushi Holdings opens 28th BEYOND / HELLO retail location - Jushi Holdings announced the opening of its 28th retail location nationwide and 18th BEYOND / HELLO medical marijuana dispensary in Pennsylvania through its subsidiary, Agape Total Health Care Inc. BEYOND / HELLO Pottsville will begin serving Pennsylvania medical marijuana patients and caregivers on Monday, December 20, 2021 at 10:00 a.m., providing an unparalleled in-store experience coupled with convenient online reservations available through beyond-hello.com and in-store express pickup.
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CDTX | Hot Stocks07:09 EST Cidara Therapeutics, Mundipharma announce results from Phase 3 ReSTORE trial - Cidara Therapeutics and Mundipharma announced "positive" topline data from the pivotal ReSTORE Phase 3 clinical trial evaluating the efficacy and safety of its once-weekly antifungal candidate rezafungin as a potential first-line treatment for candidemia and invasive candidiasis. Rezafungin met the primary endpoint for the U.S. Food and Drug Administration New Drug Application, NDA, submission of all-cause mortality at Day 30, and also met the primary endpoint for the European Medicines Agency, EMA, Marketing Authorization Application, MAA, submission of global cure at Day 14. Both results demonstrated statistical non-inferiority of rezafungin dosed once-weekly, versus caspofungin dosed once-daily, the current standard of care. Rezafungin was generally well tolerated and had a similar safety profile to caspofungin. "The results of the ReSTORE trial reinforce our belief that rezafungin has the potential to have a significant impact on the care of patients battling difficult-to-treat and often deadly invasive Candida infections," said Jeffrey Stein, Ph.D., president and chief executive officer of Cidara. "We are pleased by the overall efficacy and safety results including the data on early efficacy outcomes and ICU stay. We would like to thank all of the investigators and their site staff for their relentless hard work and dedication, as well as the patients who made it possible for us to generate these data. With the results of both the STRIVE and ReSTORE trials now in hand, which together form our registration package, we intend to file our NDA with the FDA and other regulators outside the U.S., in mid-2022."
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ALNY | Hot Stocks07:09 EST Alnylam submits sNDAs to FDA, EMA for Oxlumo label expansion in PH1 - Alnylam Pharmaceuticals announced the submission of a supplemental New Drug Application, sNDA, to the U.S. Food and Drug Administration FDA and Type II Filing Variation to the European Medicines Agency EMA for lumasiran, an investigational RNAi therapeutic targeting hydroxyacid oxidase 1 HAO1 - the gene encoding glycolate oxidase GO - for the reduction of plasma oxalate in the treatment of patients with advanced primary hyperoxaluria type 1 PH1. "Compromised renal function in patients with advanced PH1 often leads to elevated levels of plasma oxalate and subsequent pathologic deposition of oxalate in multiple organs, including the bones, eyes, heart, and skin - a highly morbid and potentially fatal condition known as systemic oxalosis. Treatment options for these patients are limited to intensive hemodialysis and liver/kidney transplantation. With that in mind, we believe the ILLUMINATE-C data package demonstrates the potential for lumasiran to provide a therapeutic option that substantially reduces plasma oxalate levels that result in systemic oxalosis in adult and pediatric PH1 patients with advanced disease, including for patients on hemodialysis," said Jeroen Valkenburg, General Manager, Lumasiran program at Alnylam. The applications to the FDA and EMA are based on positive results from the ILLUMINATE-C single-arm, open-label Phase 3 study of lumasiran in patients of all ages with advanced PH1. The six-month primary analysis results from the study were presented in November 2021 at the American Society of Nephrology Kidney Week annual meeting and showed a substantial reduction in plasma oxalate from baseline in PH1 patients with chronic kidney disease stage 3b-5, with or without dialysis. The most common drug-related adverse events were injection site reactions, all of which were mild and transient.
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PAG | Hot Stocks07:09 EST Penske Automotive acquires Erhard BMW of Bloomfield, Michigan - Penske Automotive Group announced that it has acquired Erhard BMW of Bloomfield, located in Bloomfield Hills, Michigan, representing the company's 48th BMW dealership world-wide. The acquired dealership is expected to generate approximately $100M in annualized revenue. Year-to-date, Penske Automotive Group has added approximately $1.2B in expected annualized revenue through the completion of retail automotive and commercial truck dealership acquisitions.
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PHRRF | Hot Stocks07:09 EST PharmaTher announces research results from LSD microneedle patch - PharmaTher Holdings announced that it has successfully completed its first research study evaluating MicroDose-MN, a proprietary microneedle patch for the intradermal delivery of psychedelics, in delivering lysergic acid diethylamide. These results provide support to file for an IND application with the FDA to conduct Phase 2 clinical studies in 2022 with LSD for various indications. The aim of PharmaTher's research program was to develop a suitable prototype of MicroDose-MN patch for transdermal drug delivery to confirm compatibility and suitability to deliver LSD. The research program scope included, full characterization of LSD conjugated on the microneedle patch backbone, establishment and demonstration of the loading capacity for LSD, and release rate evaluations for the LSD conjugated materials using appropriate models that will be used to support the Company's IND application with the FDA in the future. The Company's research program with LSD conjugated microneedles have been successfully fabricated, optimized, and characterized. Both structural aspects and ex-vivo skin insertion assessments of the LSD conjugated microneedles have demonstrated successful fabrication and acceptable performance. The incorporation of LSD into microneedles without issue and the ability to demonstrate complete ex vivo skin model release over several days demonstrates potential for larger doses and modified release profiles. With these results, the Company believes it has an acceptable prototype for completing IND-enabling studies with the aim to conduct clinical studies in 2022. Details of the research program will be published in a scientific journal. The Company believes that its MicroDose-MN patch for delivering LSD and other psychedelics may enable flexible drug load capacity and combinations, controlled released delivery, and be able to present desired pharmacokinetic and safety profiles. In addition, the MicroDose-MN patch for psychedelics aims to empower patients to dose their medication remotely, safely and conveniently rather than under supervision by a healthcare provider at a certified medical office or hospital. To achieve this, the Company will incorporate anti-tampering and anti-abuse features that would parallel the approach used for the tamper-resistant transdermal fentanyl patch. The Company is completing its evaluation of MicroDose-MN with 3,4-methylenedioxy-methamphetamine and N, N-dimethyltryptamine and expects to provide results before the end of this year and pursue clinical studies in 2022. The Company is actively engaged in partnering discussions for the use of its microneedle patch system to deliver psychedelics including, but not limited to, MDMA, LSD, DMT, ibogaine and mescaline. As such, PharmaTher offers potential partners a differentiated and validated delivery system for psychedelics, desired pharmacokinetic profiles, intellectual property protection, cGMP microneedle patches for IND-enabling and clinical studies, and a clear clinical pathway towards clinical studies in 2022.
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GRTX | Hot Stocks07:08 EST Galera Therapeutics announces primary endpoint met in Phase 3 ROMAN trial - Galera Therapeutics announced that corrected results from its Phase 3 ROMAN trial of avasopasem for the treatment of RT-induced severe oral mucositis, SOM, in patients with locally advanced head and neck cancer, HNC, achieved statistical significance on the primary endpoint of reduction in the incidence of SOM. Avasopasem has been granted Breakthrough Therapy Designation, BTD, by the U.S. Food and Drug Administration, SOM, for the reduction of SOM induced by RT. The Company previously announced the Phase 3 ROMAN trial of avasopasem in SOM did not achieve statistical significance on the primary endpoint. Upon further analysis, an error by the contract research organization was identified in the statistical program. Correction of this error resulted in improved p-values for the primary and secondary endpoints. The corrected p-values are as follows: 16% relative reduction in the incidence of SOM in the avasopasem treatment group vs. placebo group; 56% relative reduction in the number of days of SOM in the avasopasem treatment group vs. placebo group; 27% relative reduction in the severity of SOM in the avasopasem treatment group vs. placebo group. The Company also announced topline results from its single-arm Phase 2a EUSOM trial of avasopasem in Europe for RT-induced SOM in patients with HNC undergoing standard-of-care RT + cisplatin. This trial was conducted in 12 centers across six countries in Europe and enrolled 38 patients, of which 33 completed full treatment. Avasopasem appeared to be generally well tolerated. In EUSOM, the incidence of SOM was 54.5% and the median number of days of SOM was 9 days, in line with the ROMAN trial in which the incidence was 54% and the median duration was 8 days.
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TECH | Hot Stocks07:07 EST Bio-Techne enters option agreement with Wilson Wolf - Bio-Techne announced it has entered into an option agreement with Wilson Wolf Corporation. The agreement includes a potential 20% ownership investment in Wilson Wolf upon its achievement of approximately $100M in revenue or $50M in earnings before interest, taxes, depreciation, and amortization as well as the opportunity to fully acquire the company upon its achievement of approximately $225M in revenue or $135M in EBITDA.
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JLL | Hot Stocks07:07 EST Jones Lang LaSalle aligns wih HqO for workplace experiences - To further enhance tenant engagement and experience across its portfolio of managed buildings, JLL has aligned with HqO, an industry-leading workplace experience platform, to bring world-class workplace experiences to JLL clients both on-site and digitally. JLL has made a strategic investment in HqO as the preferred service provider for workplace experience because of its commitment to delivering best-in-class technology and customer success. HqO's product consists of an award-winning app, analytics suite, hybrid work tools, and a flex space management system. The platform allows JLL's Experience Management group, which combines best-in-class programming and service both digitally and physically, to streamline the workplace experiences delivered to tenants through an easy-to-use app and provide valuable data and feedback for landlords to make more informed decisions that drive greater tenant engagement. HqO, a JLL Spark investment in 2018, has now secured a follow-on corporate investment from JLL, becoming one of the latest additions to JLL's proptech ecosystem.
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GIIX FOOT | Hot Stocks07:06 EST Footprint to become public through Gores Holdings VIII merger agreement - Footprint, a global materials science technology company focused on sustainable solutions, and Gores Holdings VIII (GIIX), a special purpose acquisition company formed by an affiliate of The Gores Group announced that they have entered into a definitive merger agreement that, subject to the consummation of the transaction, will result in Footprint becoming a publicly listed company. Upon closing of the proposed transaction, the combined company will be named and is expected to be listed on Nasdaq under the ticker symbol (FOOT). The combined company will be led by Troy Swope, co-Founder and CEO of Footprint, and is expected to have a pro forma enterprise value of $1.6B at the closing of the proposed transaction. The transaction implies an enterprise value of approximately $1.6B for the combined company, representing approximately 3.2x of 2023 estimated revenue. Current Footprint equity holders will retain approximately 62% ownership in Footprint and roll 100% of their equity interests into the pro forma company. Assuming no redemptions by the public stockholders of Gores Holdings VIII, the business combination will provide approximately $805M in gross proceeds to fund the combined company's growth strategy. The gross proceeds are comprised of $345M of cash held in trust from Gores Holdings VIII and approximately $460M of additional capital, including $150M Class C Preferred Financing which will be funded immediately. The PIPE investment, which was oversubscribed, and Class C Preferred Financing are anchored by Koch Strategic Platforms and include a meaningful commitment from Gores Holdings VIII Sponsor and affiliates. The proposed business combination, which has been unanimously approved by both the board of directors of Gores Holdings VIII and the board of directors of Footprint, is expected to close in the first half of 2022, subject to approval by Gores Holdings VIII's stockholders and other customary closing conditions.
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EVLO NBI | Hot Stocks07:06 EST Evelo Biosciences added to Nasdaq Biotechnology Index - Evelo Biosciences announced that the Company has been added to the NASDAQ Biotechnology Index, effective prior to market open on December 20, 2021.
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CNC | Hot Stocks07:05 EST Centene announces board changes, cooperation agreement with Politan Capital - Centene announced various enhancements as part of its ongoing board refreshment and governance review process and a cooperation agreement the company has entered into with Politan Capital Management. The Board of Directors will appoint five new directors: Ken Burdick, Christopher Coughlin, Wayne DeVeydt, and Theodore Samuels, as well as a fifth director to be mutually agreed upon by Centene and Politan. Appointments will be made on January 5, 2022. Current director James Dallas will become Lead Independent Director immediately and will assume the Independent Chair by the end of 2022. The reconstituted Board will be responsible for appointing a new CEO following a thorough selection process, including evaluating internal and external candidates with the support of an external search firm. In addition, a subset of Centene's directors will be included in management's existing Value Creation Steering Committee, which was formed in July and is tasked with evaluating and prioritizing initiatives as part of the company's previously announced Value Creation Plan. Finally, Centene will implement a mandatory Board retirement age of 75 years, with existing directors grandfathered until their current election term is up. Six current directors will retire from the Board over time. Pursuant to the cooperation agreements, Politan has agreed to customary standstill, voting, and other provisions.
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IMRA | Hot Stocks07:05 EST Imara presents preclinical data on IMR-261 - Imara announced the presentation of data from its nuclear factor erythroid 2-related factor 2 activator program, IMR-261, at the American Society of Hematology Annual Meeting, held December 11-14, 2021. Preclinical studies evaluated the impact of IMR-261 using in-vitro cell cultures and in-vivo mouse models of sickle cell disease and beta-thalassemia. In CD34+ cells from sickle cell and healthy donors, high dose IMR-261 reactivated HbF by approximately 7-fold versus placebo, whereas lower dose IMR-261 reactivated HbF by approximately 4-fold versus placebo. Furthermore, an approximately 3-fold increase in F-cells was seen in both high dose and low dose groups when compared to placebo. In the Townes mouse model of SCD, high dose IMR-261 reactivated HbF by approximately 2.2-fold when compared to placebo. In addition, high dose IMR-687 significantly decreased select markers of hemolysis and increased hemoglobin by approximately 1.1 g/dL when compared to placebo. In a separate experiment in Townes SCD mice that assessed VOC reduction after administration of TNF-alpha, IMR-261 significantly reduced the presence of red blood cells on occluded vessels when compared to placebo. IMR-261 was also tested in a mouse model of beta-thalassemia and showed significant increases in Hb and reductions in ineffective erythropoiesis at the high dose. IMR-261, formerly known as CXA-10, was previously evaluated by Complexa, Inc. in Phase 2 clinical trials for focal segmental glomerulosclerosis and pulmonary arterial hypertension. Independent medical literature suggests potential promise in a broad array of RBC diseases, including hemoglobin disorders and iron overload diseases.
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VFF | Hot Stocks07:04 EST Village Farms receives approval for voluntary delisting from the TSX - Village Farms International announced that it has applied and received approval for a voluntary delisting of its common shares from the Toronto Stock Exchange, or TSX. With Village Farms' common shares being listed on the Nasdaq Capital Market since February 2019, the Company believes the trading volume of its common shares on the TSX no longer justifies the expense and administrative requirements associated with maintaining a TSX listing. The Company also believes Nasdaq provides its shareholders with sufficient liquidity, and the cost savings from the elimination of TSX listing fees and associated professional fees, as well as the savings in time and effort of management required to maintain a dual listing, can be redirected to initiatives intended to generate shareholder value. Effective at the close of markets on December 31 Village Farms' common shares will no longer be listed or traded on the TSX. Following delisting from the TSX, Village Farms' shareholders can trade their common shares through their brokers on Nasdaq.
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VIAO | Hot Stocks07:04 EST VIA Optronics creates entity for for design and development of camera solutions - VIA optronics announced that it has incorporated a new entity in the Philippines, VIA optronics , to provide customized and platform camera solutions, from design and development to process testing and quality control. VIA Philippines was incorporated to facilitate the integration of a camera design and development team that was previously a part of Integrated Micro-Electronics a Philippines-based company and VIA shareholder. Through a Service and Support Agreement , IMI has provided development support services through this team to the Company's subsidiary, VIA optronics GmbH since January 2019. The Agreement will terminate on December 31, 2021 and the camera design and development team will formally become a part of the Company in January 2022, with approximately 20 employees joining VIA.
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HTOO | Hot Stocks07:03 EST Fusion Fuel appoints Theresa Jester to board of directors - Fusion Fuel Green00 announced the appointment of Theresa "Terry" Jester to the Company's Board of Directors. Ms. Jester currently serves on the Boards of NEXT Energy Technologies, a developer of organic photovoltaic coatings used to transform windows into energy-producing assets, and Silicor Materials, a global leader in the production of solar silicon. She previously served as CEO of BIA Controls, a developer and installer of demand management, energy management and building automation software systems.
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CNC | Hot Stocks07:03 EST Centene says Chairman and CEO Michael Neidorff to retire in 2022 - Centene announced Chairman and CEO Michael Neidorff's intent to retire in 2022 as CEO. Upon his retirement as CEO, he will serve as Executive Chairman until the end of 2022. As previously disclosed in July 2021, the Board of Directors put a succession planning initiative in place. Following the changes to the Board, the reconstituted Board will be responsible for appointing a new CEO following a thorough selection process, including evaluating internal and external candidates with the support of an external search firm.
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EGO | Hot Stocks07:03 EST Eldorado Gold completes key growth projects at Lamaque, Kisladag - Eldorado Gold is pleased to announce the completion of the Triangle-Sigma decline at Lamaque and the construction and wet commissioning of the high-pressure grinding rolls circuit at Kisladag. Both growth projects were approved in 2020, just prior to the onset of the COVID-19 pandemic. The decline at Lamaque was delivered on budget and on schedule. The Kisladag HPGR project was two months delayed due to COVID-19 related slower than planned equipment delivery. The project however was delivered within budget. The completion of the Triangle-Sigma decline project, connecting the ore transportation ramp between the Triangle mine and the Sigma processing plant, is expected to provide multiple near-term and long-term benefits as the Company continues to grow production at Lamaque. The project included approximately 3,200 meters of development, completed within the 18-month schedule and within the $24 million cost estimate. Benefits of the Triangle-Sigma decline include: Eliminates surface rehandling and haulage of the ore from the Triangle mine to the Sigma mill, reducing costs and carbon emissions, and removing haulage traffic from public roads. Provides underground access for lower-cost exploration in the prospective area between the Triangle mine and the historic Sigma and Lamaque mines - including further drilling of the Ormaque, Plug 4 and Parallel deposits. Facilitates increased future production from the Triangle mine and allows for mining of satellite deposits. Reduces the energy requirements for mine ventilation. Provides a means of secondary egress and ventilation from the Triangle mine, increasing safety underground. Commissioning of the HPGR circuit has been completed and the circuit is now ramping up to production and metallurgical specifications. The HPGR circuit is a key growth project that is expected to increase heap leach life of mine recovery by an estimated 4% to approximately 56%. The Company believes there is potential to further increase recovery with additional optimization of the HPGR circuit, which could lead to higher gold production. The project was completed within the $35 million cost estimate over a two-year period.
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SYN | Hot Stocks07:02 EST Synthetic Biologics to acquire VCN Biosciences - Synthetic Biologics announced it has signed a definitive agreement to acquire VCN Biosciences, which is developing a new oncolytic adenovirus, or OV, platform designed for intravenous, or IV, delivery to trigger tumor cell death and promote immune cell infiltration into tumors. Total upfront consideration for the acquisition is $4.7M in cash plus the assumption of $2.4M of VCN liabilities. Additionally, VCN will receive shares of Synthetic Biologics' common stock representing 19.99% of the total shares outstanding of the Company's common stock. The Company has also agreed to an additional $70.3M of payments contingent upon the achievement of future milestones, a majority of which are tied to late-stage clinical development and regulatory achievements. The transaction is expected to close during the Q1 of 2022, and is subject to, among other things, the approval by the Spanish government of the Company's acquisition of VCN under Spain's Foreign Investment Act and other customary closing conditions.
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IMTX BMY | Hot Stocks07:01 EST Immatics and Bristol-Myers enter into an agreement for IMA401 - Immatics (IMTX) and Bristol Myers Squibb (BMY), announced that they have entered into a license, development and commercialization agreement for Immatics' TCR Bispecific candidate, IMA401. Under the terms of the agreement, Immatics will receive an upfront payment of $150M as well as up to $770M in development, regulatory and commercial milestone payments, in addition to tiered double-digit royalty payments on net sales of IMA401. Immatics retains the options to co-fund U.S. development in exchange for enhanced U.S. royalty payments and/or to co-promote IMA401 in the US. IMA401 is the most advanced product candidate in Immatics' TCR Bispecifics pipeline, called TCER, in which one binding region targets MAGEA4/8, a highly prevalent antigen in multiple solid tumors, and the other region engages and activates T cells.
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SV FLR | Hot Stocks07:01 EST NuScale Power to go public via merger with Spring Valley Acquisition Corp. - NuScale Power and Spring Valley Acquisition Corp. (SV) announced they have entered into a definitive business combination agreement to create a first-of-its-kind energy company poised to power the global energy transition by delivering safe, scalable and reliable carbon-free nuclear power. Under the terms of the Merger Agreement, the transaction is valued at an estimated pro-forma enterprise value of approximately $1.9B. At close, NuScale expects up to $413M of gross cash proceeds, including a $181M oversubscribed, fully committed PIPE anchored by Samsung C&T Corporation, DS Private Equity, Segra Capital Management and Pearl Energy. NuScale intends to use the proceeds to fund its path to commercialization and expects no additional capital requirements between closing and achieving positive free cash flow. Upon completion of the transaction, Fluor (FLR) projects to control approximately 60% of the combined company, based on the PIPE investment commitments received in the transaction and the current equity and in-the-money equity equivalents of NuScale Power and Spring Valley. Existing NuScale shareholders, including majority owner Fluor, will retain their equity in NuScale and roll it into the combined company. Fluor will also continue to provide NuScale with engineering services, project management, administrative and supply chain support. Additional existing strategic investors in NuScale include Doosan Heavy Industries and Construction, Samsung C&T Corporation, JGC Holdings Corporation, IHI Corporation, Enercon Services, Inc., GS Energy, Sarens and Sargent & Lundy. The transaction is expected to close in the first half of 2022 and is subject to approval by Spring Valley's shareholders as well as other customary closing conditions.
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NEOG MMM | Hot Stocks06:59 EST Neogen and 3M food safety business to combine, 3M to receive $1B consideration - Neogen (NEOG) and 3M (MMM) announced that they have entered into a definitive agreement pursuant to which 3M will separate its food safety business and simultaneously combine it with Neogen in a transaction that is intended to be tax-efficient to 3M and its shareholders for U.S. federal income tax purposes. The transaction implies an enterprise value for 3M's Food Safety business of approximately $5.3B, including $1B in new debt to be incurred by 3M's food safety business. This represents an implied multiple of approximately 32x and 27x CY 2022E adjusted EBITDA pre and post run-rate synergies respectively, based on Neogen's closing price as of December 13. 3M's food safety business will fund to 3M consideration valued at approximately $1B, subject to closing and other adjustments. The combined company is expected to have an enterprise value of approximately $9.3B, based on Neogen's closing share price as of December 13. Under the terms of the definitive agreements, which involve a tax-free "Reverse Morris Trust" structure, existing Neogen shareholders will continue to own approximately 49.9% of the combined company, and 3M shareholders will receive approximately 50.1% of the combined company. The boards of directors of both Neogen and 3M have unanimously approved the transaction. The transaction involves a tax-free "Reverse Morris Trust" transaction structure, where 3M's Food Safety business will be spun-off or split-off to 3M shareholders and simultaneously merged with a wholly owned subsidiary of NEOGEN. The transaction is intended to be tax-efficient to 3M and 3M's shareholders for U.S. federal income tax purposes. At the completion of the transaction, Neogen will issue a number of shares to 3M shareholders such that 3M shareholders will receive approximately 50.1% of the combined company and existing Neogen shareholders will continue to own approximately 49.9% of the combined company. In connection with the transaction, 3M will also receive consideration valued at approximately $1B, subject to closing and other adjustments. Neogen's expected pro forma net leverage ratio at close is expected to be less than 2.5x, inclusive of the $1B of new debt. Strong expected free cash flow generation and EBITDA growth of the combined business enables rapid deleveraging post-closing. The transaction is expected to close by the end of Q3 2022, subject to approval by Neogen shareholders, receipt of required regulatory approvals and the satisfaction of other customary closing conditions. Neogen's president and CEO, John Adent, and Neogen's existing management team will continue to lead the combined company. The size of the Neogen board will be increased and two new independent board members, to be designated by 3M, will be appointed at closing.
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ACM | Hot Stocks06:56 EST Aecom selected by the Hamad International Airport Expansion Program - AECOM announced that it has been selected to provide program management services for Cargo Terminal 2 and Amiri Flight Facilities as part of the Hamad International Airport Expansion Program for the Qatar Company for Airports Operation and Management. As part of the expansion program at Hamad International Airport, AECOM will provide project management and construction management of the new cargo terminal and ancillary supporting buildings that include a veterinary inspection center, central utility plant and infrastructure diversions. Further, a cargo bridging facility will be created to accommodate predicted overflow from Cargo Terminal 1. AECOM will provide the services over a six-year period, with the cargo bridging facility prioritized for operational readiness ahead of the start of the FIFA World Cup Qatar in November 2022.
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BEP | Hot Stocks06:55 EST Brookfield to renew its normal course issuer bid for its partnership units - Brookfield Renewable announced that the Toronto Stock Exchange, or TSX, has accepted notices filed by Brookfield Renewable Partners of its intention to renew its normal course issuer bid for its limited partnership units and by Brookfield Renewable Corporation (BEPC) its intention to renew its normal course issuer bid for its outstanding class A exchangeable subordinate voting shares. Brookfield Renewable believes that in the event that Units or Exchangeable Shares trade in a price range that does not fully reflect their intrinsic value, the acquisition of Units or Exchangeable Shares, as applicable, may represent an attractive use of available funds. Brookfield Renewable is authorized to repurchase up to 13,750,520 Units and 8,610,184 Exchangeable Shares, representing 5% of its issued and outstanding Units and Exchangeable Shares, respectively.
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TM | Hot Stocks06:54 EST Toyota to invest Y2T in EV batteries, roll out 30 battery models by 2030 - Toyota Motor Corporation held a media briefing on battery EV strategies. The following comments were made by President Akio Toyoda and were translated by Toyota Motors. "Today, we would like to present to you what we have been preparing for the future... Specifically, we plan to roll out 30 battery EV models by 2030, globally offering a full lineup of battery EVs in the passenger and commercial segments... We aim to achieve global sales of 3.5M battery EVs per year by 2030. Lexus aims to realize a full lineup of battery EVs in all vehicle segments by 2030 and to have battery EVs account for 100% of its vehicle sales in Europe, North America, and China, totaling 1M units globally. And it aims for battery EVs to make up 100% of its global vehicles sales in 2035.... Going forward, we will increase our new investment in batteries from the Y1.5T announced in September to Y2T, aiming to realize even more-advanced, high-quality, and affordable batteries... In this diversified and uncharted era, it is important to flexibly change the type and quantity of products produced while keeping an eye on market trends. We believe that the reduction in lead times and high-mix, low-volume production methods that we have cultivated through the Toyota Production System, along with the steady efforts of Japanese manufacturing, will enable us to be competitive going forward."
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TYME | Hot Stocks06:51 EST Tyme Technologies reports preclinical data on the effect of TYME-19 study - TYME Technologies announced encouraging preclinical data on the effect of TYME-19 in SARS CoV-2 infections. The Company believes that TYME-19, a synthetic bile acid, may have differentiated mechanisms that could offer alternatives for COVID-19 infected patients who may not be served by current and emerging oral agents. Bile acids can act to help overcome the viral hijacking of cells' translational machinery and the production and replication of virus proteins and particles. Based on these properties and recent research on COVID-19 disease processes, the Company anticipates that the TYME-19-based mechanisms of action may be independent of genetic shifts in the spike protein and, therefore, could have utility against a variety of current and future variants of SARS CoV-2, such as Alpha, Beta, Delta, and Omicron, regardless of their spike protein characteristics. As a result, the Company believes this has the potential to be a complementary effective mechanism to current and emerging therapeutic options in COVID-19. In this initial preclinical study, TYME-19 was tested post-COVID-19 infection in human lung epithelial cells, examining changes in viral mRNA levels. This cell model is well understood and frequently used for screening for antiviral effects for drugs against respiratory viruses.
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RS | Hot Stocks06:51 EST Reliance Steel acquires Admiral Metals Servicecenter Company, terms undisclosed - Reliance Steel & Aluminum Co. (NYSE:RS) announced that it has acquired Admiral Metals Servicecenter Company, a distributor of non-ferrous metal products in the Northeastern United States. Admiral Metals also performs value-added custom cutting services for its customers. Admiral Metals' annual net sales in 2020 were approximately $134M. The terms of the transaction were not disclosed.
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NRXP | Hot Stocks06:49 EST NRx Pharmaceuticals provides new safety update on ZYESAMI - NRx Pharmaceuticals provided a new safety update on ZYESAMI, or aviptadil, which is being tested in the ACTIV-3b Critical Care Phase 3 study sponsored by the US National Institutes of Health, or NIH. In its third scheduled analysis, the study's Independent Data Safety Monitoring Board found no new safety concerns after reviewing a total of 348 patients and recommended continued enrollment. The study leadership indicated that enrollment has been steady, and the Delta surge does not seem to be dissipating. The majority of enrolled patients are unvaccinated. The NIH expects to include the first patient in Brazil in the study in February 2022. ACTIV-3b is a randomized, placebo-controlled clinical trial testing ZYESAMI and remdesivir, or Veklury, in hospitalized patients with acute respiratory failure due to COVID-19 who require high-flow supplemental oxygen delivered by nasal cannula, mechanical ventilation, or extracorporeal membrane oxygenation.
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GFL | Hot Stocks06:49 EST GFL Environmental enters renewable gas projects at two landfills - GFL Environmental announced that its wholly owned subsidiary, GFL Renewables, has entered into a joint venture with affiliates of OPAL Fuels for the development, construction and operation of renewable natural gas, or RNG, facilities at 2 GFL municipal solid waste, or MSW, landfills; the Arbor Hills Landfill in Michigan and the Sampson County Landfill in North Carolina. GFL Renewables and OPAL Fuels will be 50/50 participants in the joint venture created for these projects. OPAL Fuels will oversee construction and develop and operate the facilities for the joint venture. Both projects will convert methane gas from collection systems at the MSW landfills into commercial- grade, pipeline-quality RNG that can be used in commercial and industrial direct-use applications including as fuel for natural gas-powered vehicles. The Arbor Hills Landfill RNG project is expected to produce approximately 2M MMBtu of pipeline-quality RNG each year. Construction of the facility is expected to commence in the first quarter of 2022 and commencement of operations is currently projected for the end of the first quarter of 2023. The Sampson County Landfill RNG project is expected to produce approximately 1M MMBtu of pipeline-quality RNG each year. Construction of the facility is expected to commence by the second quarter of 2022 and commencement of operations is currently projected for the end of the second quarter of 2023. GFL's capital investment in the joint ventures with OPAL Fuels will total approximately $70M over the next 18 months and generate over 3M MMBtu per year of RNG. While current market rates for RNG range from mid to high $30 per MMBtu, in its base case, which assumes rates at mid $20s per MMBtu, GFL expects to realize annual free cash flow from these projects of $40M-$45M.
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PFE | Hot Stocks06:47 EST Pfizer reports final results from Phase 2/3 EPIC-HR trial of PAXLOVID - Pfizer announced final results from an analysis of all 2,246 adults enrolled in its Phase 2/3 EPIC-HR trial of its novel COVID-19 oral antiviral candidate PAXLOVID. These results were consistent with the interim analysis announced in November 2021, showing PAXLOVID significantly reduced the risk of hospitalization or death for any cause by 89% compared to placebo in non-hospitalized, high-risk adult patients with COVID-19 treated within three days of symptom onset. In a secondary endpoint, PAXLOVID reduced the risk of hospitalization or death for any cause by 88% compared to placebo in patients treated within five days of symptom onset, an increase from the 85% observed in the interim analysis. The EPIC-HR data have been shared with the U.S. FDA as part of an ongoing rolling submission for Emergency Use Authorization. In the final analysis of the primary endpoint from all patients enrolled in EPIC-HR, an 89% reduction in COVID-19-related hospitalization or death from any cause compared to placebo in patients treated within three days of symptom onset was observed, consistent with the interim analysis. In addition, a consistent safety profile was observed.
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OMF | Hot Stocks06:46 EST OneMain Holdings expands share repurchase authorization to $300M - OneMain Holdings announced that its Board of Directors has increased the Company's share repurchase authorization to $300M from the previously announced $200M. As of December 13 the Company had repurchased 4.6M shares for $186M under the existing authorization, including approximately $64M since September 30. Pursuant to two separate authorizations, the Company also repurchased approximately 3.6M shares for $199M in July and October.
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LAZR | Hot Stocks06:41 EST Luminar jumps 12% to $16.50 after announcing $250 share repurchase plan
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IMUX | Hot Stocks06:35 EST Immunic announces results from Part A, Part B of IMU-935 trial - Immunic announced unblinded safety, tolerability and pharmacokinetic, or PK, results from Part A and Part B of its phase 1 clinical trial of IMU-935 in healthy human subjects. In addition, the company announced newly available preclinical in vivo data showing that IMU-935 maintains normal thymocyte maturation in relevant acute and chronic mouse models. In the SAD portion of the phase 1 clinical trial, healthy human subjects were randomized in a double-blinded fashion to either placebo or treatment with single ascending doses of a new powder-in-capsule formulation of IMU-935 at 100 mg, 200 mg, 300 mg and 400 mg. A dose-proportional PK profile was observed across the investigated dose range. Moreover, single ascending doses of IMU-935 were found to be safe and well-tolerated and no maximum tolerated dose was reached. No serious adverse events occurred. These favorable results allowed a smooth transition to the MAD part of the trial using the new formulation. In the MAD part of this phase 1 clinical trial, healthy human subjects were dosed for 14 days with 150 mg once daily, or QD, or 150 mg twice daily, or BID, of IMU-935 or placebo in a double-blinded fashion. PK analysis showed that stable steady-state plasma concentrations were achieved within the first week of dosing with an accumulation factor for IMU-935 allowing predictable trough levels during daily dosing. PK parameters in steady-state revealed a Tmax of 2.4 to 2.8 hours post-dose, a plasma half-life of 29 to 38 hours and dose proportional increases in Cmax and AUC. The observed average steady-state trough levels in both MAD cohorts exceeded the known IC90 values for IL-17F release obtained from ex vivo stimulated human lymphocytes. Multiple ascending doses of IMU-935 were found to be safe and well-tolerated and no maximum tolerated dose was reached. Treatment emergent adverse events, or TEAEs, were generally mild in severity with moderate TEAEs reported in one of eleven IMUS-935 treated subjects compared with one of four subjects on placebo. No serious adverse events were reported. Finally, no dose-dependent changes in laboratory values, vital signs or in electrocardiograph evaluations were found. Taken together, the SAD and MAD parts of this phase 1 clinical trial did not identify any specific adverse events or laboratory abnormalities that require further investigation or special interest in future clinical trials, including no observed evidence of hepatitis's for IMUS-935. In light of the favorable safety data observed in healthy human subjects, the company has initiated Part C of the ongoing phase 1 clinical trial, where moderate-to-severe psoriasis patients are to be randomized to 28-day treatment with IMU-935 or placebo. Planned assessments include safety, tolerability, PK and pharmacodynamic markers, as well as skin evaluations.
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GBIO | Hot Stocks06:34 EST Generation Bio provides update on factor VIII expression on hemophilia study - Generation Bio provided an update on factor VIII expression from a series of mouse and companion non-human primate, or NHP, studies in hemophilia A, as well as an update on the development of its non-viral genetic medicine platform. Generation Bio's proprietary genetic medicine technology comprises a closed-ended DNA, or ceDNA, delivered via a novel, cell-targeted lipid nanoparticle, or ctLNP. In July 2021 the company announced that it would incorporate its novel, proprietary rapid enzymatic synthesis, or RES, for ceDNA production into its pipeline programs. RES has improved ceDNA purity to 99%. In mouse studies, RES-derived ceDNA delivered by ctLNP generated peak mean human factor VIII expression of 205% of normal at 2.0 mg/kg. This is compared to peak mean human factor VIII expression of 23% of normal at 2.0 mg/kg using ceDNA produced by the company's prior Sf9-based manufacturing process.
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AL EADSY | Hot Stocks06:34 EST Air Lease announces lease placement of two new Airbus A350-1000 aircraft - Air Lease (AL) announced long-term lease placements for two new Airbus (EADSY) A350-1000 aircraft with Virgin Atlantic. The two new A350-1000s are scheduled to deliver to the airline in 2023 and 2024 from ALC's orderbook with Airbus.
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LEV | Hot Stocks06:33 EST Lion Electric receives conditional purchase order for 200 LionC school buses - Lion Electric announced that it has received a conditional purchase order for 200 all-electric LionC school buses from Langs Bus Lines, with deliveries to begin gradually in 2022, through 2026. The purchase order is conditional upon the satisfactory grant of non-repayable contributions to Langs Bus Lines under Infrastructure Canada's Zero-Emission Transit Fund, for which Langs Bus Lines has filed a formal application.
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BV | Hot Stocks06:32 EST BrightView to repurchase 5.9M of common stock for $82.5M - BrightView Holdings announced that it has entered into an agreement to repurchase 5.9M shares of BrightView common stock from MSD Partners and affiliates at a purchase price of $13.98 per share, representing a 2% discount from the NYSE official closing price of BrightView common stock on December 7. The repurchase represents half of MSD Partners' current equity investment in BrightView. The total purchase price for the shares will be approximately $82.5M and will be funded from cash and cash equivalents on hand, as well as borrowings under the Company's credit facilities. The repurchase was made in connection with BrightView's share repurchase program announced December 6.
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LAZR | Hot Stocks06:32 EST Luminar to purchase $250M or more of Class A common stock - Luminar Technologies, with support of its CEO, board members, and management, announced its authorization and intent to purchase $250M or more of its Class A common stock, which is anticipated to commence December 14 after market open. The company plans to use a portion of the proceeds from a proposed private financing transaction for the share repurchase.
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TSLA | Hot Stocks06:21 EST Elon Musk says Tesla will accept dogecoin for 'some merchandise' - In a tweet, Tesla's CEO Musk said, "Tesla will make some merch buyable with Doge & see how it goes."
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LICY | Hot Stocks06:19 EST Li-Cycle to build $485M commercial Hub facility in New York - Li-Cycle Holdings announced that it will proceed with the construction of its first commercial Hub facility, which is being developed within the Eastman Business Park near Rochester, New York. Li-Cycle will increase the input processing capacity of the Hub by over 40%, from 25,000 tonnes to 35,000 tonnes of "black mass" annually. With its increased capacity, the Hub will be able to process battery material that is equivalent to approximately 225,000 electric vehicles, or EVs, per year. The Company estimates that the Hub will require a total capital investment of approximately $485M, +/-15%, which can be funded from existing balance sheet cash. Li-Cycle also expects to explore various opportunities to optimize its capital structure, for example, with potential credit from government-related institutions. The Hub will be fully integrated with Li-Cycle's existing network of Spoke facilities across North America. Li-Cycle's Spoke facilities take in end-of-life batteries and battery manufacturing scrap to produce "black mass", an intermediate product containing valuable metals such as nickel, cobalt and lithium. The Hub will transform that black mass into critical battery grade materials to be returned back to the lithium-ion battery supply chain. Li-Cycle's Spoke facilities will be the primary suppliers of feedstock for the Hub. Once the Hub is fully operational, Li-Cycle expects to be the #1 or #2 domestic U.S. based supplier of battery grade advanced materials.
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IMAB | Hot Stocks06:08 EST I-Mab presents data from lemzoparlimab with rituximab trial - I-Mab reported interim data from an ongoing clinical trial of lemzoparlimab in combination with rituximab in heavily treated patients with relapsed or refractory non-Hodgkin's lymphoma, or NHL, at the 63rd American Society of Hematology, or ASH, annual meeting. Lemzoparlimab is a novel CD47 antibody that blocks CD47 and SIRPa interaction through a epitope designed to confer red blood cell, or RBC, sparing properties. In all clinical trials conducted so far, lemzoparlimab is administered without a priming dose. The preliminary data was generated from nine patients with relapsed and refractory NHL who received at least two prior lines of therapies, with a median of four lines. Lemzoparlimab was safe and well-tolerated at doses of 20 mg/kg and 30 mg/kg weekly, without a priming dose. The maximum tolerated dose, or MTD, was not reached. Most treatment-related adverse events, or TRAE, were manageable infusion-related reactions. Among seven efficacy-evaluable patients, four achieved complete response, one partial response of FL were observed; two reported stable disease and the disease control rate is 100%. Tumor shrinkage was observed in all evaluable patients. The median time to response was 50 days and response lasted from 61 to 236 days. A high level of intra-tumoral distribution measured by IHC of tumor biopsy was reached at 20 mg/kg and 30mg/kg weekly. The ongoing study with 30 mg/kg lemzoparlimab weekly combined with rituximab is being expanded to enroll more patients with relapsed and refractory diffuse large B-cell lymphoma or indolent lymphoma.
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PRM | Hot Stocks06:04 EST Perimeter Solutions authorizes $100M share repurchase program
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RDS.A... | Hot Stocks06:04 EST Tritium wins Shell global EV charging tender - Tritium Holdings announced that the company has executed a global framework agreement with Shell (RDS.A, RDS.B) to provide fast charging technology and services. This agreement is expected to help accelerate the supply of Tritium DC fast chargers to their business operations in Europe, South Africa, Asia, the Middle East and North America, in pursuit of Shell's ambition to operate 500,000 charge points by 2025 and 2,500,000 by 2030. As announced on May 26, Tritium has entered into a definitive agreement for a business combination with Decarbonization Plus Acquisition Corporation II (DCRN), a publicly traded special purpose acquisition company, that would result in Tritium becoming a publicly listed company. Completion of the proposed transaction is subject to customary closing conditions, including approval of DCRN's stockholders, and is currently expected to occur in January 2022.
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IBM | Hot Stocks06:03 EST IBM, Samsung Electronics announce breakthrough in semiconductor design - IBM and Samsung Electronics jointly announced a breakthrough in semiconductor design utilizing a new vertical transistor architecture that demonstrates a path to scaling beyond nanosheet, and has the potential to reduce energy usage by 85% compared to a scaled fin field-effect transistor.
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MULN | Hot Stocks06:01 EST Mullen Automotive announces partnership with ARRK - Mullen Automotive announces a strategic partnership with ARRK, a leading automotive engineering company based in Munich, Germany. ARRK will be supporting Mullen Automotive in Computer Aided Engineering, or CAE, body in white, battery, closures, interior, chassis, thermal, and infotainment engineering. ARRK initial support will be for the Mullen FIVE EV Crossover and then move into future vehicles, including a seven-seat SUV program.
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LICY | Hot Stocks05:32 EST Li-Cycle, LGC and LGES enter scrap supply and nickel sulphate off-take agreement - Li-Cycle announced that it has entered into a manufacturing scrap supply and nickel sulphate off-take agreement non-binding letter of intent with LG Chem, or LGC, and LG Energy Solution, or LGES. Upon execution of the definitive commercial agreement related to the proposed supply and off-take arrangements, LGC and LGES will together make a $50M investment to purchase common shares of Li-Cycle, pursuant to the terms of definitive subscription agreements effective immediately. Upon the execution of the definitive agreement, Li-Cycle, through its end-product off-take partner for the Rochester Hub, Traxys North America, will sell 20,000 tons of nickel contained in nickel sulphate produced by Li-Cycle to LGC and LGES over 10 years, beginning in 2023. Additionally, LGES and Li-Cycle intend to cooperate on recycling nickel-bearing lithium-ion battery scrap and certain other lithium-ion battery materials to create a closed loop ecosystem. Li-Cycle estimates that the amount of nickel that LGC and LGES plan to procure from Li-Cycle will be enough to produce lithium-ion batteries to power approximately 300,000 EVs. Under the terms of the proposed investment, LG Chem and LG Energy Solution will each subscribe for 2,208,480 common shares at a price of $11.32 per share, for an aggregate investment in the company of $50M. The subscription price per common share is based on a 30-day volume-weighted average price of the common shares prior to LGES' investment committee approval of LGES' participation in the Investment on October 28. The closing of the Investment is conditional on the parties entering into mutually acceptable definitive commercial agreements regarding the supply of nickel-bearing lithium-ion battery scrap from LGES to Li-Cycle and nickel sulphate off-take from Li-Cycle to LGES and LGC.
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AMZN | Hot Stocks05:29 EST AWS launches Asia Pacific region - Amazon Web Services, an Amazon company (AMZN), announced the launch of the AWS Asia Pacific in Jakarta. Starting immediately, developers, startups, entrepreneurs, and enterprises as well as government, education, and nonprofit organizations can run their applications and serve end users from data centers located in Indonesia leveraging advanced AWS technologies. AWS also released an economic impact study estimating that the company's spending on the construction and operation of the new AWS Asia Pacific Region will create 24,700 direct and indirect jobs with an estimated $5B in planned investment in the local economy. The region will also add an estimated $10.9B over the next 15 years to Indonesia's GDP.
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GXO | Hot Stocks05:23 EST GXO deploys 6RS robots on multiple mezzanine floors in distribution center - GXO Logistics announced that it has achieved an industry first by deploying 6 River Systems, or 6RS, collaborative robots, or cobots, on multiple mezzanine floors in one of its distribution centers in Milton Keynes, England. GXO collaborated with 6RS to develop and test new features on the cobots, which automatically travel from one location to another carrying picked items, reducing employees' walk time and helping them pick items from inventory more efficiently. At another GXO site in Stoke-on-Trent, the cobots, which are called "Chucks," have enhanced picking accuracy by 40 percent and reduced new employee training time by 80 percent since being deployed.
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PHG | Hot Stocks05:20 EST Philips to acquire Vesper Medical, terms undisclosed - Philips announced that it has signed an agreement to acquire Vesper Medical, a U.S.-based medical technology company that develops minimally-invasive peripheral vascular devices. Vesper Medical will further expand Philips' portfolio of diagnostic and therapeutic devices with an advanced venous stent portfolio for the treatment of deep venous disease. The transaction, which is subject to customary closing conditions, is expected to be completed in Q1 of 2022. Financial details of the transaction were not disclosed.
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CNHI | Hot Stocks05:18 EST Iveco, Air Liquide to develop hydrogen mobility in Europe - Iveco, the commercial vehicles brand of CNH Industrial and Air Liquide have signed a memorandum of understanding to develop hydrogen mobility in Europe. The partnership will contribute to materialize clean mobility by leveraging the two companies' competencies, in particular Air Liquide's expertise across the hydrogen value chain, from production and storage to distribution, and Iveco's legacy as a provider of advanced, clean sustainable transport solutions. Both partners will dedicate means and resources to study the roll-out of heavy-duty fuel-cell electric long-haul trucks coupled with the deployment of a network of renewable or low-carbon hydrogen refueling stations along the main trans-European transport corridors. In parallel, both companies will jointly promote initiatives to encourage hydrogen mobility by involving all stakeholders along the entire value-chain.
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MYNZ | Hot Stocks05:15 EST Mainz Biomed partners with Ganzimmun Diagnostics to commercialize ColoAlert - Mainz Biomed announced a partnership with diagnostics laboratory Ganzimmun Diagnostics, or GD, one of Europe's laboratories for preventive and complementary medicine, for the commercialization in Germany of ColoAlert, Mainz's detection test for colorectal cancer. Under the terms of the arrangement, Mainz will co-brand ColoAlert with GD, one of the largest stool analysis labs in Germany. GD will purchase Mainz's customized polymerase chain reaction, or PCR, assay kits to deliver its large network of physicians and their patients a solution for advanced colorectal cancer prevention. These kits will be provided to GD on an on-demand basis and further expand coverage especially in Mainz, Wiesbaden and Frankfurt.
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FCN | Hot Stocks05:13 EST FTI Consulting to acquire Bold, terms undisclosed - FTI Consulting announced that it has entered into a definitive agreement to acquire Bold, a restructuring, transactions, digital and transformation advisory firm in the Netherlands. The acquisition is expected to close during Q1 of 2022. Terms of the transaction were not disclosed. Founded in 2013 by Klaas Wagenaar and Gerrit van Munster, Bold helps businesses become and stay relevant in times of strategic change and mergers and acquisitions. The acquisition will extend FTI Consulting's restructuring, business transformation, digital and transactions teams to the Dutch market and will provide Bold's existing clients with access to FTI Consulting's platform. Thirty-one billable professionals, including two senior managing directors and eight managing directors, will join the corporate finance and restructuring segment at FTI Consulting.
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KKR | Hot Stocks05:10 EST KKR acquires minority stake in supply chain software business from Korber - Korber and KKR announced that KKR has acquired a significant minority stake in Korber's supply chain software business. Financial terms of the transaction were not disclosed. Korber's supply chain software business is among the top three global warehouse management software providers, delivering customers with differentiated warehouse management solutions, or WMS, for varying operational complexities through software, voice and robotics solutions. With over 1,300 employees, the business has grown significantly over recent years, serving a diversified mix of more than 4,200 customers in different industries across over 70 countries. Structural trends and market forces, including e-commerce, multi-channel, and micro-fulfilment, are amplifying the need for digital solutions to handle increased volume and overcome greater supply chain complexity. KKR will work with Korber's supply chain software business to pursue organic and inorganic growth strategies to expand the company's geographic footprint, accelerate the transition to SaaS, automation and robotics, as well as to develop innovative digital solutions to support customers amid increasing warehouse automation and supply chain localization.
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KKR | Hot Stocks05:07 EST KKR and Synergy acquire Two Drydock from Skanska, terms undisclosed - KKR and Skanska announced that KKR has acquired Two Drydock from Skanska. Synergy Investments, a full-service real estate investment and operating company primarily focused on the Boston market, is participating in the investment alongside KKR and will operate the property. Two Drydock is a 13-story, 235,000-square-foot, Class-A, office building developed by Skanska. It features approximately 7,000 square-feet of ground-floor retail, 150 above-ground parking spaces and a 10,000-square-foot outdoor plaza.
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TEDU | Hot Stocks05:05 EST Tarena receives noncompliance notification from Nasdaq - Tarena announced that it received a written notification from the Staff of the Listing Qualifications Department of Nasdaq indicating that because the closing bid price of the company's American depositary shares, or ADSs, for the last 30 consecutive business days was below $1.00 per share, the company no longer meets the minimum bid price requirement for Nasdaq set forth in Nasdaq Listing Rule 5450. Pursuant to Nasdaq, the applicable grace period to regain compliance is 180 calendar days, or until June 8, 2022. The company can cure this deficiency if the closing bid price of its ADS is $1.00 per share or higher for at least ten consecutive business days during the grace period.
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