Stockwinners Market Radar for December 15, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
ARHS | Hot Stocks20:44 EST Arhaus CFO buys 50,000 class A shares - In a regulatory filing, Arhaus CFO Dawn Phillipson disclosed the purchase of 50,000 class A common shares of the company on December 14 at a price of $11.62 per share.
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BLDR | Hot Stocks19:54 EST Builders FirstSource director Sherman sells 38,000 common shares - In a regulatory filing, Builders FirstSource director Floyd Sherman disclosed the sale of 38,000 common shares of the company on December 10 at a price of $78.85 per share.
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O | Hot Stocks19:42 EST Realty Income raises monthly divided to 24.65c per share from 24.6c - Realty Income Corporation announced its Board of Directors has declared an increase in the company's common stock monthly cash dividend to 24.65c per share from 24.6c per share. The dividend is payable on January 14, 2022 to shareholders of record as of January 3, 2022. This is the 114th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for January's dividend is December 31, 2021. The new monthly dividend represents an annualized dividend amount of $2.958 per share as compared to the current annualized dividend amount of $2.952 per share.
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TDW | Hot Stocks19:29 EST Tidewater announces termination of tax benefits preservation plan - Tidewater announced that its Board of Directors has amended its previously adopted Tax Benefits Preservation Plan to accelerate the termination of the Plan to December 15, 2021. The Plan, previously scheduled to expire on April 13, 2023, was designed to protect the Company's existing net operating loss carryforwards and foreign tax credits, by deterring an acquisition of the Company's stock in-excess of a threshold amount that could trigger an "ownership change" within the meaning of the Internal Revenue Code. Quintin Kneen, Tidewater's President and Chief Executive Officer, commented, "The Plan was established in March of 2020 to protect significant tax attributes that were at risk of being limited under Section 382 of the Internal Revenue Code due to the considerable rolling three-year change in ownership percentage of the Company, which was driven in part by the issuance of shares in the November 2018 acquisition of GulfMark Offshore, Inc. Subsequent to the recent third anniversary of that transaction as well as other factors, the rolling three-year change in ownership was reduced significantly. The Board determined that the Company's tax attributes no longer need the protection of the Plan, and it is in the best interest of the Company's shareholders to promptly terminate the Plan."
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MESO | Hot Stocks19:11 EST Mesoblast receives feedback from FDA's OTAT on rexlemestrocel-L program - Mesoblast announced that it has received feedback from the US Food & Drug Administration's Office of Tissues and Advanced Therapies on the Phase 3 program of rexlemestrocel-L in patients with chronic low back pain due to degenerative disc disease refractory to available therapies, including opioids. Mesoblast plans to conduct an additional US Phase 3 trial which may support submissions for potential approval in both the US and EU. The trial will include at least 20% of subjects from the EU to support global submission plans. Following review of the completed Phase 3 trial data, OTAT agreed with Mesoblast's proposal for pain reduction at 12 months as the primary endpoint of the next trial, with functional improvement and reduction in opioid use as secondary endpoints. If this trial is successful and leads to EU regulatory approval, Mesoblast will be eligible to receive payments up to $112.5M prior to product launch in the EU, from its partner in Europe and Latin America, Grunenthal, inclusive of $17.5M already received, if certain clinical and regulatory milestones are satisfied and reimbursement targets are achieved. Cumulative milestone payments could reach $1B depending on the final outcome of Phase 3 studies and patient adoption. Mesoblast will also receive tiered double-digit royalties on product sales.
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SJM | Hot Stocks19:08 EST J.M. Smucker to divest natural beverages, grains units in roughly $110M deal - The J.M. Smucker Co. announced it has entered into a definitive agreement to sell its natural and organic beverage and grains businesses to Nexus Capital Management LP in a cash transaction valued at approximately $110M. The sale includes R.W. Knudsen and TruRoots(R) assets and trademarks, and a licensing agreement for Santa Cruz Organic beverages. The transaction also includes the Company's manufacturing and distribution facilities in Chico, California, and Havre de Grace, Maryland. It does not include Santa Cruz Organic(R) nut butters, fruit spreads, syrups or applesauce. In a related decision, to further optimize operations for the Consumer Foods business, the Company plans to close and pursue the sale of its Ripon, Wisconsin, production facility in calendar year 2022 and consolidate production at its Orrville, Ohio, facility. Collectively, the natural beverage and grains businesses generated net sales of approximately $140M for the Company's fiscal year ended April 30, 2021, which were primarily reported in its U.S. Retail Consumer Foods segment. Last month, the Company announced plans to build its third manufacturing facility and distribution center dedicated to production of Smucker's Uncrustables sandwiches. With increased production capacity and continued consumer demand, the Company plans to grow the brand over the next five years to approximately $1B in annual net sales. The Company expects the divestiture to be dilutive to its adjusted earnings per share by approximately 15c on a full-year basis, reflecting the foregone profit related to the natural and organic beverages and grains businesses, before factoring in any potential benefit from the use of net proceeds from the sale. The Company will further discuss the transaction's impact on its fiscal year 2022 outlook when it releases its third quarter results. The transaction is expected to close in the third quarter of the Company's 2022 fiscal year, subject to customary closing conditions.
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CPK | Hot Stocks19:02 EST Chesapeake Utilities acquires propane operating assets of Diversified Energy - Chesapeake Utilities Corporation announced that its propane subsidiary, Sharp Energy, has acquired the propane operating assets of Diversified Energy Company. Through this acquisition, the company expands its operating footprint into North Carolina and South Carolina. "Sharp Energy has driven significant growth for Chesapeake Utilities as a market leader in residential, commercial, wholesale and AutoGas propane services. Propane remains a core part of our unregulated energy operations given its high demand, especially in more rural areas where natural gas pipelines cannot or have not yet reached," said Jeff Householder, president and chief executive officer, Chesapeake Utilities. "The addition of Diversified Energy's propane business expands Sharp's footprint into the Carolinas, adding to our growing presence along the East Coast. We are pleased to welcome our new employees to the Chesapeake Utilities family and are committed to serving Sharp's new customers with a continued commitment to excellence, integrity and care." "We believe the two organizations align culturally, and we are excited to integrate the Diversified Energy business into Sharp Energy," said Andy Hesson, vice president of Sharp Energy. "With this transaction, our propane business will add approximately 19,000 residential, commercial and agricultural customers, along with distribution of approximately 10 million gallons of propane annually." The deal is expected to be accretive to Chesapeake Utilities' 2022 earnings, adding approximately $11.3M in gross margin for 2022.
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NWPX | Hot Stocks19:00 EST Northwest Pipe increases investment in Utah's precast concrete market - Northwest Pipe Company is increasing the company's investment in their precast concrete operations in Utah. In addition to its October 2021 investment in Park Environmental Equipment, LLC which added three Texas manufacturing facilities in Houston, Dallas and San Antonio, the company is solidifying its commitment to the precast market with over $18 million in new capital improvement projects at its Geneva Pipe and Precast Company plants which service the Intermountain West region's precast concrete market. The Company has recently invested in a new batch plant at their St. George, Utah, facility; replaced a concrete mixer and controls in the Salt Lake City facility; and is currently in negotiations with major suppliers to purchase a new automated concrete pipe machine with associated concrete batching and mixing equipment. The new state-of-the-art pipe equipment will increase capacity to meet growing market demand for reinforced concrete pipe as well as increase capacity for other concrete products. "Our precast concrete business continues to gain strength and our order books are currently at all-time high levels," states Scott Montross, President and CEO of Northwest Pipe Company. "Over the past few years, one of our primary focuses has been to grow through diversification into the precast concrete market, which led to the acquisition of Geneva. With the recently announced acquisition of ParkUSA, we are well positioned for future growth, which is supported by the growing infrastructure needs in the United States."
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SANG | Hot Stocks18:57 EST Sangoma announces listing of common shares on Nasdaq - Sangoma Technologies Corporation announced that it expects its Common Shares to be listed on the Nasdaq Global Select Market commencing tomorrow, Thursday December 16, 2021. The company's common shares will continue to trade on the Toronto Stock Exchange under the symbol "STC" and will now trade on NASDAQ under the trading symbol 'SANG."
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CPB | Hot Stocks18:37 EST Campbell Soup CEO: Innovation will play a much larger role going forward - In an interview on CNBC's Mad Money, Mark Clouse said Campbell Soup is well positioned to come through the pandemic. The company is on a much stronger foundation than several years ago, he noted. He feels "really good" about the company's ability to sustain growth going forward. "I feel terrific about our snacking portfolio. It will continue to grow," he said. Clouse expects inflation to continue in 2022 and into the first half of 2023.
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VRCA | Hot Stocks18:06 EST Verrica Pharmaceuticals says FDA accepts NDA resubmission for VP-102 - Verrica Pharmaceuticals announced that the U.S. Food and Drug Administration acknowledged that Verrica's resubmitted New Drug Application for VP-102 for the treatment of molluscum contagiosum was complete and assigned a Prescription Drug User Fee Act goal date of May 24, 2022. "We are pleased that the FDA has accepted our NDA resubmission for VP-102," said Ted White, Verrica's President and Chief Executive Officer. "While we recognize the demands of the Agency's current workload, we intend to work with the FDA toward approval as quickly as possible based on the limited changes in our resubmission. We continue to be encouraged by the overwhelming demand from both caregivers and the medical community for an FDA-approved treatment for molluscum, one of the largest unmet needs in medical dermatology."
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EVI | Hot Stocks18:05 EST EVI Industries acquiring Consolidated Laundry Equipment, Central Equipment Co. - EVI Industries executed a definitive agreement to acquire Raleigh, NC based Consolidated Laundry Equipment and Columbia, SC based Central Equipment Company - collectively "CLE" -, distributors of commercial laundry products and providers of related technical installation and maintenance services. The addition of CLE strengthens EVI's market share position in the southeast region of the U.S. with over $90M in revenue. For almost 20 years, CLE has operated under the continuous ownership and management of Billy Kincaid. For the twelve months ended November 30, CLE generated revenues of approximately $17M. CLE will operate as a subsidiary of EVI under its current name and from its present locations and will continue to be led by Billy Kincaid and CLE's existing employees. The acquisition of CLE is subject to certain closing conditions, and there is no assurance that the acquisition will be consummated.
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PLUG | Hot Stocks18:01 EST Plug Power, Edison Motors partner on hydrogen-powered city buses - Edison Motors, a Korean electric car manufacturer, announced that the company signed an agreement with NY-based Plug Power to develop and bring to market a hydrogen fuel cell-powered electric city bus. Plug Power's 125kW ProGen fuel cell engine will provide power to Edison Motors' electric bus platform. The companies expect to have a fuel cell electric bus prototype completed by the second half of 2022 and be prepared to launch a mass-market platform by the first half of 2023.
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ATRS | Hot Stocks17:59 EST Antares Pharma divests Otrexup for $44M - Antares Pharma announced the divestiture of Otrexup injection for the treatment of rheumatoid arthritis to a subsidiary of Assertio Holdings, a commercial pharmaceutical company, for a total cash consideration of $44M inclusive of Otrexup WIP and finished inventory. Under the terms of the asset purchase agreement, Antares will receive an initial payment of $18.0 million at closing plus two additional time-based payments totalling $26M in 2022.
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ASRT ATRS | Hot Stocks17:40 EST Assertio Holdings acquires Otrexup from Antares Pharma for $44M - Assertio Holdings (ASRT) has acquired Otrexup - methotrexate -, a drug device combination single dose once weekly auto-injector, from Antares Pharma (ATRS) in the company's first new product acquisition since 2015. The acquisition was made through a subsidiary. Assertio acquired Otrexup from Antares in a partially seller financed transaction for a total purchase price of $44.0M inclusive of working capital investments. Payment terms are as follows: $18.0M in cash on December 15, 2021; $16.0M in cash on May 31, 2022; and $10.0M in cash on December 15, 2022. Otrexup is a once weekly single dose auto-injector containing a prescription medicine, methotrexate, which is indicated for severe, active rheumatoid arthritis, and children with active polyarticular juvenile idiopathic arthritis, and to control the symptoms of severe, resistant, disabling psoriasis in adults when other types of treatment have been used and did not work well.
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V | Hot Stocks17:33 EST Visa board authorizes new $12B share repurchase program - On December 13, the board of directors of Visa authorized a new $12B share repurchase program. Of the previous authorization that had $4.7B of authorized funds as of September 30, approximately $3.5B had been utilized as of December 15. The new authorization brings total funds available for future share repurchases from both authorizations to $13.2B. These authorizations have no expiration date. The share repurchases will be exercised from time to time at prices the Company deems appropriate subject to various factors, including market conditions and the Company's financial performance. The share repurchases may be effected through accelerated share repurchase programs, open market purchases or privately negotiated transactions, including through Rule 10b5-1 plans.
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CALT | Hot Stocks17:13 EST FDA grants Calliditas approval for Tarpeyo to reduce proteinuria from IgAN - Calliditas Therapeutics announced that the US Food and Drug Administration, FDA, has approved TARPEYO, budesonide, delayed release capsules to reduce proteinuria in adults with primary immunoglobulin A nephropathy , IgAN, at risk of rapid disease progression, generally a urine protein-to-creatinine ratio, UPCR, greater than or equal to1.5g/g. This indication is approved under accelerated approval. It has not been established whether TARPEYO slows kidney function decline in patients with IgAN. Continued approval may be contingent upon verification and description of clinical benefit in a confirmatory clinical trial.1 This approval marks the successful transition for Calliditas to a commercial-stage biopharmaceutical company. "We are very excited to bring the first and only FDA-approved treatment to reduce proteinuria in IgAN to market," said Renee Aguiar-Lucander, Chief Executive Officer of Calliditas. "TARPEYO represents an FDA approved product to help these patients who are at risk of rapid disease progression." TARPEYO is approved under accelerated approval based on achieving its primary endpoint of reduction in proteinuria in Part A of the NeflgArd pivotal Phase 3 study, an ongoing, randomized, double-blind, placebo-controlled, multicenter study conducted to evaluate the efficacy and safety of TARPEYO 16 mg once daily vs placebo in adult patients with primary IgAN.1 The effect of TARPEYO was assessed in patients with biopsy-proven IgAN, eGFR greater than or equal to35 mL/min/1.73 m2, and proteinuria .
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CRMT | Hot Stocks17:11 EST America's Car-Mart to acquire Smart Auto, terms undisclosed - Car-Mart announced that its subsidiary, America's Car Mart, has entered into a definitive agreement to purchase the ongoing dealership assets of Smart Auto. As a result, the company will gain dealership locations in Johnson City, Tennessee and Knoxville, Tennessee. The existing finance receivables will be excluded from the transaction and will be collected by the seller. The company expects to close on the Johnson City location by the end of 2021 and the Knoxville location by December 31, 2022.
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APRN | Hot Stocks17:11 EST Blue Apron launching co-branded credit card with Aspiration - Blue Apron announced plans for a Blue Apron Aspiration Zero Card, a co-branded credit card created in collaboration with Aspiration, which offers its cardholders rewards to help fight the climate crisis. The Blue Apron Aspiration Zero Card will reward cardmembers on qualifying purchases made at BlueApron.com and on the Blue Apron mobile app, as well as extend benefits currently available to all Aspiration Zero Card customers. By using the Blue Apron Aspiration Zero Card, customers will be able to offset a part of their carbon footprint. With every qualifying purchase made on a Blue Apron Aspiration Zero Card, Aspiration will plant a tree and let users plant an additional tree by rounding up purchases to the nearest dollar. In addition to providing credit card services, Aspiration intends to commit to promote Blue Apron to its customers. Blue Apron expects to launch other new programs in 2022.
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KHC | Hot Stocks17:08 EST Kraft Heinz commits to carbon neutrality by 2050 - Kraft Heinz announced a pledge to achieve net zero greenhouse gas emissions across its operational footprint and entire global supply chain by 2050. As a milestone, it will target a near-term emissions reduction of 50% by 2030 across all three scopes. Key focus areas of Kraft Heinz's net zero program include: promoting regenerative and sustainable practices across the company's agricultural supply chain; transitioning to more circular and recyclable consumer packaging; procuring a majority of the company's electricity from renewable sources by 2025; continuing to transition key on-site manufacturing facilities to renewable energy sources. In 2020 and 2021, Kraft Heinz conducted an assessment of its total value chain emissions. Its Scope 3 emissions account for approximately 95% of the company's total emissions, so will be a primary focus of the company's reduction efforts. Additionally, in 2021, Kraft Heinz renewed its commitment to set a science-based emissions reduction target by 2023. Kraft Heinz plans to announce its science-based targets in 2023.
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EBAY | Hot Stocks17:02 EST eBay changes definition of GMV, no material change to guidance - eBay announced it has changed its definition of Gross Merchandise Volume, or GMV, to align with customer money flows on its platforms. GMV provides a useful measure of the overall transaction volume on eBay's platforms and is correlated to net transaction revenue. The company has updated its definition of GMV to include all paid transactions on its platforms inclusive of shipping fees and taxes. Previously, eBay reported GMV regardless of whether the buyer and seller actually consummated the transaction. This change has been enabled by the increased visibility derived from the company's transition to managing payments globally. The updated GMV definition has an immaterial impact on previously reported GMV. GMV under this new definition does not materially change guidance issued by the company on October 27.
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AZO | Hot Stocks17:01 EST AutoZone announces additional $1.5B share repurchase program - AutoZone announced its Board of Directors authorized the repurchase of an additional $1.5B of the company's common stock in connection with its ongoing share repurchase program. Since the inception of the repurchase program in 1998, and including the above amount, AutoZone's Board of Directors has authorized $29.2B in share repurchases.
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RVI | Hot Stocks16:48 EST Retail Value declares special common share distribution of$3.27 per share - Retail Value declared a special cash distribution on its Common Shares of $3.27 per common share payable on January 18, 2022 to shareholders of record at the close of business on December 29, 2021. The special cash distribution is expected to be return of capital which would reduce the shareholder's tax basis in its shares.
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CIR | Hot Stocks16:48 EST Circor CFO Abhishek Khandelwal to step down, AJ Sharma named interim CFO - Circor announced that Abhishek Khandelwal, senior VP and CFO, plans to step down from Circor effective December 31, in order to pursue an external opportunity. The company has initiated a search process to identify a permanent CFO. AJ Sharma, currently Circor's senior VP, business development, will serve as the interim CFO.
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INDT | Hot Stocks16:46 EST Indus Realty Trust raises quarterly dividend 6.7% to 16c per share - The dividend will be payable on January 14, 2022, to stockholders of record on December 30, 2021.
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WSBF | Hot Stocks16:46 EST Waterstone Financial declares special cash dividend of 50c per share - Waterstone Financial declared both a regular quarterly cash dividend of 20c per common share, as well as a special cash dividend of 50c per common share. The dividends are payable on February 1, 2022, to shareholders of record at the close of business on January 10, 2022.
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GOEV | Hot Stocks16:40 EST Canoo, VDL Groep to explore opportunities to partner together - Canoo and VDL Groep announced that the two companies are exploring opportunities to partner together. The companies have ceased contract manufacturing discussions, which will facilitate Canoo's ability to utilize the incentives from Oklahoma and Arkansas. In addition, VDL Nedcar will return Canoo's prepayment of $30.4M. To underline the new relationship VDL Groep will also purchase $8.4M of Canoo stock.
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GO | Hot Stocks16:37 EST Grocery Outlet names Pamela Burke chief stores officer - Grocery Outlet Holding Corp. announced organizational changes as it continues to scale its business for future growth. These changes realign functions to optimally support the Company's growing team of independent operators and the expansion of its store base nationally. Through more effective utilization of enterprise-wide resources, combined with the ongoing commitment to localized decision-making, Grocery Outlet will continue to be well-positioned to drive sustained growth and profitability. Pamela Burke, who has served as Chief Administrative Officer and General Counsel, will effective January 1, 2022, serve in the newly created position of Chief Stores Officer, reporting to RJ Sheedy, President. In her new role, she will be responsible for the support of and relations with independent operators and their stores across all geographies. Ms. Burke is a proven leader who has deep experience with the Company's independent operator model and understands the importance of promoting independent operator autonomy and maintaining a strong, collaborative relationship. Heather Mayo, Chief Sales & Merchandising Officer - East, who has skillfully helped set the stage for growth in the east, has made the decision to leave Grocery Outlet in early March 2022. Ms. Mayo will be transitioning her responsibilities to functional leaders at the local and corporate level. The Company will continue to support regional autonomy, ownership and decision-making via localized resources across several business functions including purchasing and new store development.
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LEN | Hot Stocks16:37 EST Lennar sees FY22 gross margin 27%-27.5% - Stuart Miller, Executive Chairman of Lennar, said, "The housing industry continues to exhibit strong demand, outweighing supply, and we are confident that we will continue to generate solid growth and enhance our current market position. Accordingly, as we look forward to 2022, we expect to deliver approximately 67,000 homes with a 27.0% - 27.5% gross margin for the year, with more or less 12,500 homes at a gross margin of approximately 26.75% in the first quarter. Overall, we are operating from a position of strength with an excellent balance sheet enabling us to continue to execute on our core strategies."
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UPC | Hot Stocks16:36 EST Universe Pharmaceuticals names Baochang Liu COO - Universe Pharmaceuticals INC announced that the company appointed Baochang Liu as its Chief Operating Officer, effective December 1, 2021. Mr. Gang Lai, Chairman and CEO of Universe Pharmaceuticals INC, commented, "We are pleased to have Mr. Baochang Liu join our executive leadership team as Chief Operating Officer. Mr. Liu is a well-known pharmaceutical marketing expert in the industry, and his extensive experience in pharmaceutical marketing and proven track record as a marketing leader will be a valuable addition to our team. We believe Mr. Liu's expertise and deep experience make him the ideal choice to drive the Company's continued growth and development in the future."
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LEN | Hot Stocks16:36 EST Lennar reports Q4 deliveries of 17,819 homes, up 11% - New orders increased 2% to 15,539 homes; new orders dollar value increased 16% to $7.3B. Backlog increased 26% to 23,771 homes; backlog dollar value increased 45% to $11.4B.
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BOTJ | Hot Stocks16:35 EST Bank of the James to acquire Pettyjohn, Wood & White, terms not disclosed - Bank of the James Financial Group announced that it has entered into a stock purchase agreement pursuant to which Pettyjohn, Wood, & White will become a wholly-owned subsidiary of the Company. Pettyjohn, Wood & White is an SEC-registered investment advisor based in Lynchburg, Virginia. Pettyjohn, Wood & White has more than $650,000,000 in assets under management. The firm currently provides investment advisory services to high-net-worth individuals, individuals, corporations, charitable organizations, and pension and profit-sharing plans.
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BCML | Hot Stocks16:34 EST BayCom board approves 747K share stock repurchase pact 'over a one year period' - BayCom announced that its Board of Directors approved a stock repurchase program for the repurchase of up to 747,000 shares of its common stock, or approximately 7% of its outstanding shares, over a one year period through open market purchases, privately-negotiated transactions, or otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934. "We are pleased to announce our fifth stock repurchase program which reflects our commitment to manage our capital prudently and in a manner which we believe will enhance shareholder value," said George Guarini, President and Chief Executive Officer. Mr. Guarini went on to say, "Implementing this additional stock repurchase program continues to be one of the strategies the Board believes is integral to the effective management of our capital."
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LVO PLAY | Hot Stocks16:34 EST LiveOne CFO Quartieri to leave company, Sullivan named interim CFO - LiveOne (LVO) announced that it will name Aaron Sullivan, Vice President, Corporate Controller, as LiveOne's Interim Chief Financial Officer to replace Michael Quartieri who is leaving the company effective December 31, 2021 to become Chief Financial Officer of Dave & Buster's Entertainment (PLAY). Sullivan shall serve in such interim position while LiveOne proceeds with its search for a full-time successor. LiveOne's CEO and Chairman, Robert Ellin, commented, "We would like to thank Mike for his time and contributions to LiveOne and we wish him well with his new professional opportunity." Mr. Ellin continued, "Aaron has been a crucial member of our accounting and finance team and I believe he will provide continuity in his new role."
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LEN | Hot Stocks16:34 EST Lennar sees FY22 deliveries 67,000 - Sees FY22 average sale price about $460,000.
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LEN | Hot Stocks16:33 EST Lennar sees Q1 new orders 14,800-15,100 - Sees Q1 deliveries about 12,500; average sale price about $460,000.
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SYF | Hot Stocks16:33 EST Synchrony announces $1B boost in share repurchase authority - Synchrony Financial announced that its Board of Directors has increased the company's share repurchase authorization by $1B. The company had $1.2B remaining under its prior authorization as of September 30, 2021, so this increase will bring the amount available to $2.2B through the period ending June 30, 2022. The authorizations permit the company to repurchase shares from time to time subject to market conditions and other factors, including legal and regulatory restrictions and required approvals.
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PLAY LVO | Hot Stocks16:33 EST Dave & Buster's appoints Michael Quartieri as CFO - Dave & Buster's (PLAY) has appointed Michael Quartieri as CFO starting January 1, 2022. Quartieri was previously CFO and Corporate Secretary at LiveOne (LVO). Prior to that, Quartieri was CFO, Treasurer, and Corporate Secretary at Scientific Games.
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CSCW | Hot Stocks16:33 EST Color Star Technology CEO Basil Wilson resigns, Lucas Capetian succeeds - Color Star Technology announced that Basil Wilson, the company's chairman and CEO, has resigned from both positions due to health reasons. Lucas Capetian will become Color Star's new chairman and CEO. Lucas Capetian will assume the positions of chairman and CEO and lead Color Star in more rapid development of core technologies, such as its metaverse and non-fungible token products. The company said, "Upon his appointment, Sir Lucas Capetian will first increase R&D efforts for the development of metaverse products and smart-wear technologies. In the meantime, the Color Star app metaverse entertainment interface will be launched later this month. The platform will continuously incorporate and integrate the Company's entertainment technology concepts and developments to create a global celebrity interactive metaverse world."
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NGMS | Hot Stocks16:20 EST Neogames teams with Sisal ans for online gaming in Turkey - NeoGames announces the signing of an agreement with Sisal ans that grants the Lottery access to the NeoGames portfolio of games for its premium lottery online site Milli Piyango. The contract is expected to enrich the Lottery's overall gaming experience and customer offering. Sisal ans shall receive access to the rich NeoGames Studio portfolio of premium, award-winning games, providing players access to a steady, ongoing stream of new, unique and exciting titles, which is expected to transform the overall gaming experience offered by the Lottery throughout Turkey. The launch is planned to include the popular and successful titles VIP Platinum, Fruity Cubes, Enchanted Winnings and Treetop Treasures with further NeoGames instant game titles to be added over the upcoming months. "NeoGames has a wide portfolio of exciting and innovative games and extensive industry experience, which is a perfect fit for our commitment to providing our customers with quality and award-winning experiences. Sisal has enjoyed a long-term strategic partnership with NeoGames for more than 10 years, and they've helped us to create a successful instant games category in Italy. We are looking forward to collaborating even further with NeoGames as we enrich our gaming site and our systems in Turkey with NeoGames' games and technology," said Selim Ergun, Chief Executive Officer of Sisal Sans. "This is a superb opportunity to enrich our footprint within the European market and to continue building a long-term relationship with Sisal ans, a market leader in Turkey. We share a common goal to create unique and exciting online gaming experiences and we hope that the addition of our titles to the Lottery's offerings will help draw in new audiences and support their customer acquisition strategy," said Moti Malul, Chief Executive Officer of NeoGames.
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CALT | Hot Stocks16:20 EST Calliditas Therapeutics AB (ADS) trading resumes
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OLED | Hot Stocks16:19 EST Universal Display, Tianma extend long-term OLED pacts - Universal Display and Tianma Micro-electronics announced the extension of their long-term OLED material supply and license agreements. The agreements extend Universal Display's supply of its proprietary phosphorescent OLED materials and technologies to Tianma Micro-electronics through its wholly-owned subsidiary UDC Ireland Limited for an additional multi-year-term. Further details and financial terms of the extended agreements have not been disclosed.
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AVNS | Hot Stocks16:15 EST Avanos announces $30M share repurchase program - Avanos Medical announced that its Board of Directors has approved a share repurchase program authorizing Avanos to purchase up to $30M of the company's common stock. The company expects to fund repurchases under this program from the company's existing cash or future cash flow.
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ISOS | Hot Stocks16:14 EST Bowlero completes merger with SPAC Isos Acquisition - Bowlero announced the completion of its business combination with Isos Acquisition, a special purpose acquisition company. The Business Combination was approved by a majority of Isos stockholders in an extraordinary general meeting on December 14 . Approximately 90% of the votes cast at the meeting were in favor of the business combination. Pursuant to the merger, Bowlero merged with and into Isos, with Isos surviving and being renamed "Bowlero Corp." The common stock and warrants of the surviving company are expected to begin trading on the NYSE Global Market under the symbols "BOWL" and "BOWL WS," respectively, on December 16, 2021. Michelle Wilson and George Barrios, Co-Founders and Co-Chief Executive Officers of Isos Acquisition Corporation said, "We are thrilled to see this business combination successfully executed and look forward to working together with Tom, Brett and the Bowlero team as they continue to grow this incredible company."
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VSH | Hot Stocks16:12 EST Vishay to acquire Barry Industries for $21M - Vishay announced that it has signed a definitive purchase agreement to acquire substantially all of the assets and certain liabilities of Barry Industries for $21M, subject to working capital and net cash adjustments at closing. The all-cash transaction is expected to close on December 31, subject to the satisfaction of customary closing conditions. Based in Attleboro, Massachusetts, privately-held Barry Industries is a vertically integrated manufacturer of semiconductor packaging and resistive components including terminations, resistors and attenuators. An ISO9001 certified, ITAR registered company, Barry Industries is an approved supplier to manufacturers of military, commercial, aerospace, medical and fiber-optic devices.
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IPAR | Hot Stocks16:11 EST Inter Parfums signs global license for Emanuel Ungaro fragrances - Inter Parfums announced that through its newly created subsidiary Interparfums Italia, it has entered into a 10-year exclusive global licensing agreement with Emanuel Ungaro for the creation, development and distribution of fragrances and fragrance-related products, under the Emanuel Ungaro brand. The International Class 3 agreement, which includes a five-year renewal option, also encompasses home fragrance, skin care, cosmetics and travel amenities, and goes into effect on January 1, 2022. Jean Madar, Chairman & CEO of Inter Parfums, Inc. stated, "Ungaro is a legendary name synonymous with creativity, colors, signature cuts and patterns representing a best in class example of the intersection of Italian creativity and craftsmanship with French luxury and execution. Today, the brand is best known and most prized internationally, and such presence will remain our sales focus as we continue to produce and distribute the brand's legacy scents, notably Diva. Come 2023, we plan to unveil a new fragrance incorporating disruptive design, driven by creativity, sustainability and authenticity."
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ENSC | Hot Stocks16:11 EST Ensysce Biosciences enrolls first patient in PF614-MPAR study - Ensysce Biosciences announced that the first patients have been enrolled in the Phase 1 study of PF614-MPAR, the first product utilizing the company's MPAR platform designed to reduce opioid overdose.
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FORM | Hot Stocks16:11 EST FormFactor expands Livermore, CA campus with new manufacturing facility - FormFactor announced the opening of a new manufacturing facility, expanding its Livermore, California campus. The 90,000 square foot facility provides the company with additional capacity to manufacture advanced wafer probe cards, essential equipment to test semiconductor chips and support the growing test demand of advanced packaging. The new building features a class 1000 clean room for the assembly and test of MEMS probe cards, as well as office and warehouse space. The new facility represents a significant part of the company's plans to invest approximately $70-80M in 2021 on manufacturing capacity expansion. "The opening of our new manufacturing facility is critical to answer the growing demand for our test technologies," said Matt Losey, Senior Vice President and GM of FormFactor's Probes Business Unit. "As our customers expand their chip production, we are dedicated to enabling their test success. Today, we design and ship probe cards with more than 85 million MEMS probes annually to customer fabs around the globe. This new manufacturing center will give us space to grow with the industry in the years ahead." FormFactor's customers include the world's largest semiconductor manufacturers worldwide, and the company's probe cards are used to test virtually every type of IC manufactured today. In addition to its Livermore, CA headquarters and probe card manufacturing center, FormFactor's US probe card manufacturing facilities include Carlsbad, CA; Baldwin Park, CA and Beaverton, OR.
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BWMN | Hot Stocks16:09 EST Bowman Consulting acquires Kibart, terms not disclosed - Bowman Consulting Group announced the acquisition of the assets of Kibart. Established in 1986 and based in Towson, Maryland, Kibart delivers a variety of services including mechanical, electrical and energy engineering, master planning, utility and infrastructure design, commissioning, LEED-certification design, and construction administration. Under the leadership of Ed Abbott, Kibart services its clients with a team of 35+ employees including professional engineers, LEED accredited and certified commissioning professionals, and CSI certified document technicians. "Kibart is a great addition to our growing portfolio of building services," said Gary Bowman, CEO of Bowman. "Ed and his team have designed many award-winning projects that demonstrate market leadership and innovation. The addition of Kibart builds on our acquisitions of KTA Group and PCD earlier this year and accelerates our strategy of developing a building services practice that has a national reach. In keeping with our revenue-focused approach to acquisitions, Kibart as a part of Bowman provides immediate opportunity for the cross-selling of our services and revenue growth. We are extremely pleased with the breadth of leadership we are adding and welcome everyone from Kibart to Bowman." The acquisition, which the Company expects to be immediately accretive, was financed with a combination of cash, seller financing, and stock. The Company expects the Kibart acquisition to initially contribute approximately $6.3 million of annualized net service billing.
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LYEL | Hot Stocks16:08 EST Lyell Immunopharma receives CGMP qualifications for LyFE Manufacturing Center - Lyell Immunopharma announced that its LyFE Manufacturing Center in Bothell, Washington has been commissioned and qualified in compliance with the FDA's Current Good Manufacturing Practices, or cGMP. The cGMP qualification confirms Lyell has the proper design, monitoring and control of its manufacturing facility. Since becoming operational in April, the LyFE Center has completed engineering runs at scale in support of the company's planned upcoming clinical trials.
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EQIX NDAQ | Hot Stocks16:08 EST Equinix collaborates with Nasdaq to scale digital infrastructure - Equinix (EQIX) announced a multi-year partnership with Nasdaq (NDAQ) to scale the Equinix NY11 data center in Carteret, New Jersey to support the build out of Nasdaq's cloud infrastructure. For more than 13 years, Nasdaq has leveraged Platform Equinix to support its extensive customer and vendor ecosystem across the world. Nasdaq's current and planned future deployments across Equinix International Business Exchange data centers include Canada, the U.S., Europe, and Asia-Pacific, with additional expansions anticipated over the next several years.
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WES OXY | Hot Stocks16:08 EST Western Midstream repurchases 2.5M units from Occidental for $50.2M - Western Midstream Partners (WES) said that, on December 13, it repurchased 2.5M WES common units from Occidental (OXY) for aggregate consideration of $50.2M, as part of WES's previously announced $250M common unit repurchase program. The repurchase of the common units was reviewed and approved by the Partnership's Special Committee, which includes only independent members of the board of directors of WES's general partner. The Special Committee was advised by Hunton Andrews Kurth LLP as legal counsel.
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SV | Hot Stocks16:06 EST NuScale names James Hackett non-executive chairman - NuScale, which has agreed to go public via a merger with Spring Valley Acquisition Corp., announced that James T. Hackett will become the non-executive Chairman of the Board of Managers for NuScale Power, LLC. Hackett has served on the board of NuScale since November 2021 and as a Director on Fluor Corporation's Board of Directors since 2016. "To change the power that changes the world, NuScale needs experienced, dedicated leaders to help ensure the benefits of our small modular reactors reach every community," said John Hopkins, President and Chief Executive Officer of NuScale Power. "Jim will be an invaluable asset to the company, and we will undoubtedly benefit from his expertise and counsel as we approach and achieve commercialization."
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RCEL | Hot Stocks16:06 EST Avita Medical completes enrollment in RECELL trial in stable vitiligo treatment - Avita Medical announced that it has completed enrollment into its pivotal trial for the use of the RECELL System for repigmentation of stable vitiligo. Currently, the RECELL System is indicated in the U.S. for use in the treatment of acute thermal burns. "Recruitment of the last patient in this blinded, randomized pivotal trial is a significant milestone and lays the groundwork for the regulatory approval and commercialization of the RECELL System in 2023 for use in patients with stable vitiligo," said Dr. Mike Perry, Chief Executive Officer of AVITA Medical. "We look forward to sharing the topline data from this trial next year." Vitiligo is a disease that attacks pigment-producing cells, called melanocytes, resulting in their destruction or malfunction. The result is a loss of pigmentation in patches of skin. Vitiligo affects up to 2% of the population worldwide, including an estimated 3-6.5 million Americans. Vitiligo has a comparable market size and psychosocial impact to other major dermatology diseases including psoriasis and atopic dermatitis Like these diseases, those living with vitiligo may suffer from poor body image along with low self-esteem, leading to an impaired quality of life.vi "There is currently no cure for vitiligo and no FDA-approved treatment options, so this is a very exciting clinical trial," said Dr. Anand Ganesan, professor of dermatology and biological chemistry in the University of California Irvine School of Medicine. "We believe the RECELL System has the potential to become an important new treatment option for the millions of people with stable vitiligo."
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NAVB | Hot Stocks16:03 EST Navidea completes full enrollment in Phase 2b NAV3-35 clinical study - Navidea Biopharmaceuticals announced that it has achieved full enrollment in its NAV3-35 Phase 2b clinical study titled "Development of a Normative Database for Rheumatoid Arthritis Imaging with Tc99m Tilmanocept." Establishing a healthy subject database is necessary to create a quantitative method for determining RA-involved inflammation in joints. The NAV3-35 Phase 2b clinical trial accomplishes this goal. The trial has two arms, with Arm 1 designed to acquire hand and wrist planar (two-dimensional) images from healthy subjects that were age and sex-matched to the RA population and injected with Tc99m tilmanocept. Arm 2 is a pilot feasibility study to examine the potential of three-dimensional SPECT/CT imaging of the hands and wrists of healthy subjects and patients with RA injected with Tc99m tilmanocept. The main objective of the trial is to complete the healthy subject database in support of the Company's RA imaging commercial product development. A total of 120 healthy volunteers were enrolled in Arm 1. Enrollment is also finalized in Arm 2 of the study. Tc99m tilmanocept attaches to mannose receptors on macrophages that are frequently involved in RA joint inflammation. Relatively smaller numbers of CD206-expressing macrophages normally reside in the joints of healthy people without RA. An integral part of the ability to quantitatively discriminate RA-inflamed joints from those that do not have inflammation using Tc99m tilmanocept imaging is the knowledge of the distribution of Tc99m tilmanocept localization in healthy joints. The establishment of this database will enable improved accuracy of discrimination of RA-involved joints from non-RA inflamed joints and should have a positive impact on the ability to predict treatment response early, the primary indication the Company is pursuing in RA in the upcoming Phase 3 trial. This database will also be used in the training of automated image analysis software to further improve the accuracy of the quantification of Tc99m tilmanocept localization in joints as well as the workflow for later commercialization in RA.
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NAVB | Hot Stocks16:02 EST Navidea terminates stock purchase agreement - Navidea Biopharmaceuticals announced that it has terminated the Stock Purchase Agreement that was executed on August 30, 2020. On August 30, 2020, the Company entered into a Stock Purchase Agreement with each of the investors named therein, pursuant to which the Investors agreed to purchase from the Company up to $25.0 million in shares of the Company's common stock, par value $0.001 per share. The initial closings of the sale and purchase of the Common Stock were to occur within forty-five business days after the date on which the Company's application to the NYSE American for the listing of the Common Shares for trading thereon was approved by the NYSE American. The Investors agreed to purchase an aggregate of 1,000,000 shares of Common Stock at the Initial Closing at a purchase price of $5.00 per share. To date, we have received only $25,000 of the $5.0 million that was due at the Initial Closing. On December 14, 2021, the Company notified the Investors that it was terminating the Stock Purchase Agreement in accordance with its terms.
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CALT | Hot Stocks15:59 EST Calliditas announces FDA grants accelerated approval of Tarpeyo - Calliditas Therapeutics AB announced that the U.S. Food and Drug Administration has approved Tarpeyo, or budesonide, delayed release capsules to reduce proteinuria in adults with primary immunoglobulin A nephropathy, or IgAN, at risk of rapid disease progression, generally a urine protein-to-creatinine ratio greater than or equal to1.5g/g. "This indication is approved under accelerated approval. It has not been established whether Tarpeyo slows kidney function decline in patients with IgAN. Continued approval may be contingent upon verification and description of clinical benefit in a confirmatory clinical trial. This approval marks the successful transition for Calliditas to a commercial-stage biopharmaceutical company," the company stated. It is expected that Tarpeyo will be available in the U.S. early in the first quarter of 2022. Reference Link
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TSLA F | Hot Stocks15:36 EST Tesla CEO Elon Musk congratulates Ford Chief Jim Farley - Commenting on a CleanTechnica's tweet sharing an article titled "The Success Of The Mustang Mach-E Is Forcing Ford To Adjust Its Production Plans," Tesla (TSLA) CEO Elon Musk said, "Congrats @jimfarley98" Jim Farley is Ford's (F) CEO. Reference Link
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HEAR | Hot Stocks15:32 EST Donerail intends to submit revised LOI to acquire Turtle Beach - The Donerail Group, which identifies itself as "one of the largest shareholders of Turtle Beach Corporation with beneficial ownership of approximately 7.4% of the company's outstanding shares," released a statement that reads in part: "We believe that public disclosure of a Strategic Review process, while potentially disadvantageous to our efforts of acquiring the Company, would create appropriate accountability for this Board and do well to provide shareholders with a full and transparent understanding as to the actions that this Board is undertaking to create shareholder value. As a sign of our commitment to join an auction process for the Company, Donerail is declaring its intent to enter into a customary non-disclosure agreement in conjunction with a publicly disclosed Strategic Review process, and we will also agree to a customary standstill that would provide the Company with surety of our standing as a willing acquiror while simultaneously protecting our rights as shareholders to nominate directors at next year's Annual Meeting, should the need arise."
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HEAR | Hot Stocks15:31 EST Donerail calls for Turtle Beach to launch strategic review - The Donerail Group, which identifies itself as "one of the largest shareholders of Turtle Beach Corporation with beneficial ownership of approximately 7.4% of the company's outstanding shares," released a statement that reads in part: "Spanning nearly four months since our last public commentary in August, Donerail has attempted to work constructively with the Turtle Beach Board of Directors, the Company's management team and the Company's financial advisors at Bank of America to offer value-creative solutions that we believe would benefit all shareholders. In these recent communications, Donerail has provided a multitude of strategic options for the Company to pursue. These included i) a re-affirmation of Donerail's previously disclosed bid to acquire the Company, ii) detailed terms under which Donerail would feel comfortable to sign a limited NDA, and iii) an offer to aid the Board in a strategic review to maximize alignment with all shareholders. It is with regret that we report that our efforts for cooperation and productive conversations have largely proven unsuccessful. As has been publicly reported, the Board rebuffed our previous offers to acquire the Company, which culminated in an offer of $36.50 per share in August. In doing so, the Board specifically cited two principal concerns: i) that the Board 'did not view Donerail's proposed acquisition price to be sufficient' and ii) that the Board 'had concerns regarding Donerail's ability to consummate a transaction and its financing sources.' We respectfully disagreed with the Board and believed that an offer of $36.50 was clearly adequate and fair. In hindsight, that offer looks particularly attractive, standing at a nearly 70% premium from where Turtle Beach's stock price closed yesterday... Recognizing that we are in the midst of a global consolidation in the video game peripheral space, we have suggested for some time now that Turtle Beach should test the market to assess the appetite of strategic buyers... In an effort to both clear the air for shareholder confusion as well as provide a potential pathway for us to engage with the Company in a comprehensive fashion that may allow the Board to better assess our viability as a potential acquiror, we call on the Company to publicly disclose that it is running a Strategic Review process, if such a process is underway, and if it is not, we call on the Company to initiate one in short order. Indeed, the Board continues to repeat its doubts about the level of seriousness that we have in acquiring the Company, and we, likewise, have doubts about the Board's willingness to sell the Company at an attractive price. We believe that public disclosure of a Strategic Review process, while potentially disadvantageous to our efforts of acquiring the Company, would create appropriate accountability for this Board and do well to provide shareholders with a full and transparent understanding as to the actions that this Board is undertaking to create shareholder value. As a sign of our commitment to join an auction process for the Company, Donerail is declaring its intent to enter into a customary non-disclosure agreement in conjunction with a publicly disclosed Strategic Review process, and we will also agree to a customary standstill that would provide the Company with surety of our standing as a willing acquiror while simultaneously protecting our rights as shareholders to nominate directors at next year's Annual Meeting, should the need arise."
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BMY | Hot Stocks15:15 EST Bristol-Myers confirms FDA approves Orencia combo for prevention of aGvHD - Bristol Myers Squibb announced that Orencia was approved by the U.S. Food and Drug Administration for the prophylaxis, or prevention, of acute graft versus host disease, or aGvHD, in combination with a calcineurin inhibitor and methotrexate, in adults and pediatric patients 2 years of age and older undergoing hematopoietic stem cell transplantation from a matched or 1 allele-mismatched unrelated donor. "Orencia is the first FDA-approved therapy to prevent acute graft versus host disease following hematopoietic stem cell transplant, a potentially life-threatening complication that can pose a comparatively higher risk to racial and ethnic minority populations in the U.S. due to difficulty finding appropriately matched donors. With this fourth indication for Orencia, Bristol Myers Squibb draws on its legacy and expertise in both immunology and hematology to deliver an important treatment option for patients in a disease with high unmet need," said Tina Deignan, senior vice president, U.S. Immunology, Bristol Myers Squibb. The FDA's review was conducted under its Project Orbis initiative, which enabled concurrent and/or shared FDA review with the health authorities in Canada, Switzerland and as a pilot in Israel. Orencia is not approved for this indication in these countries.
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CALT | Hot Stocks15:13 EST Calliditas Therapeutics halted for news on PDUFA goal date - Calliditas Therapeutics previously announced that the U.S. Food and Drug Administration had extended the PDUFA goal date for its New Drug Application, or NDA, seeking accelerated approval for Nefecon to December 15. Shares of Calliditas Therapeutics have been halted with news pending.
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CALT | Hot Stocks15:08 EST Calliditas Therapeutics AB (ADS) trading halted, news pending
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RHE | Hot Stocks15:08 EST Regional Health Properties Inc trading resumes
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RHE | Hot Stocks15:01 EST Regional Health Properties Inc trading halted, volatility trading pause
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MGI | Hot Stocks14:52 EST MoneyGram trading resumes
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APRN | Hot Stocks14:48 EST Blue Apron trading resumes
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MGI | Hot Stocks14:47 EST MoneyGram trading halted, volatility trading pause
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APRN | Hot Stocks14:42 EST Blue Apron trading halted, volatility trading pause
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D | Hot Stocks14:32 EST Dominion board sets 2022 dividend rate, approves $2.67 per share dividend - The board of directors of Dominion Energy approved a 2022 dividend of $2.67 per share of common stock, a 6% increase above the 2021 dividend rate of $2.52 per share. Subject to board declaration in January, the first quarterly dividend of 66.75c per share will be payable in March 2022, Dominion said.
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PNC | Hot Stocks14:19 EST PNC Financial EVP Lyons sells 5,000 common shares - In a regulatory filing, PNC Financial executive VP Michael Lyons disclosed the sale of 5,000 common shares of the company on December 14 at a price of $198.605 per share.
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VACC | Hot Stocks14:19 EST Vaccitech PLC (ADS) trading resumes
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VACC | Hot Stocks14:14 EST Vaccitech PLC (ADS) trading halted, volatility trading pause
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EGRX ENDP | Hot Stocks14:00 EST Eagle Pharmaceuticals receives FDA approval for Vasopressin - Eagle Pharmaceuticals (EGRX) announced that the U.S. Food and Drug Administration has approved the company's abbreviated new drug application for vasopressin. This approval follows the recent U.S. District Court for the District of Delaware decision holding that Eagle's proposed vasopressin product does not infringe any of the patents Par Pharmaceutical, Inc. (ENDP) et al. asserted against the company. "We expect vasopressin to be a significant addition to our hospital and critical care portfolio, and we are delighted to now have final FDA approval for our A-rated, therapeutic equivalent product. We also anticipate 180-day marketing exclusivity. This is an important product for us, and a much-needed generic alternative to Vasostrict for providers and patients. We are implementing our launch plans to bring vasopressin to market," stated Scott Tarriff, President and CEO of Eagle.
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CNI... | Hot Stocks13:53 EST North American rail traffic dropped 7.5% in week ended December 11 - The Association of American Railroads or AAR, reported U.S. rail traffic for the week ending December 11. For this week, total U.S. weekly rail traffic was 513,366 carloads and intermodal units, down 6% compared with the same week last year. Total carloads for the week ending December 11 were 239,029 carloads, up 0.3% compared with the same week in 2020, while U.S. weekly intermodal volume was 274,337 containers and trailers, down 10.9% compared to 2020. North American rail volume for the week ending December 11 on 12 reporting U.S., Canadian and Mexican railroads totaled 331,925 carloads, down 3.7% compared with the same week last year, and 354,599 intermodal units, down 10.8% compared with last year. Total combined weekly rail traffic in North America was 686,524 carloads and intermodal units, down 7.5%. North American rail volume for the first 49 weeks of 2021 was 33,799,003 carloads and intermodal units, up 5% compared with 2020. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP), FreightCar America (RAIL), Trinity Industries (TRN), Greenbrier (GBX), and Wabtec (WAB). Reference Link
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DISCK... | Hot Stocks13:09 EST SiriusXM, Discovery partner over new subscription offers - SiriusXM (SIRI) and Discovery (DISCA) announced that they are teaming up to create more value and more choice for consumers with subscription offers that "deliver the best content from both companies." Eligible new and existing subscribers to SiriusXM's Platinum VIP plan will have the opportunity to activate, courtesy of SiriusXM, a complimentary 12-month subscription to discovery+, the definitive non-fiction, real-life subscription streaming service. Platinum VIP is SiriusXM's newest and most comprehensive subscription tier, and includes access to SiriusXM in up to two vehicles, up to two SXM App logins, as well as several other exclusive benefits. The added perk of a discovery+ streaming subscription will become available for existing Platinum VIP subscribers starting December 16. SiriusXM will also be offering special promotions that give eligible new subscribers to its Platinum, Music and Entertainment, and Streaming Platinum packages, and eligible existing subscribers who upgrade to one of these packages, a complimentary three-month subscription to discovery+, courtesy of SiriusXM.
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AXP | Hot Stocks12:51 EST American Express reports November write-off rate 0.5% vs. 0.6% last month - Reports November 30 days past due loans as a percent of total 0.7% vs. 0.7% last month.
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DMTK | Hot Stocks12:25 EST DermTech, BioIQ enter agreement for DermTech Melanoma Test - BioIQ and DermTech announced an agreement to bring increased patient access to precision genomics. The DermTech Melanoma Test is now included in BioIQ's lineup of testing options for employee and member health programs. The program will be available in Florida initially with planned expansion to other states.
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MRNA | Hot Stocks12:08 EST Moderna says booster 'significantly increased' titers against omicron - Moderna said via Twiiter: "First look at the assessment of our COVID-19 vaccine & 50 microgram booster against #Omicron. After the 2-dose primary series of our vaccine, while individuals had detectable neutralizing titers against Omicron, neutralizing titers were significantly lower compared to the wild-type virus. However, a #booster dose of mRNA-1273 at the 50 microgram dose level significantly increased neutralizing #antibody titers against #Omicron. These and additional data have been submitted to a preprint server. These are encouraging initial data and we are actively working on our three-part strategy to address the #Omicron variant. We expect data on 100 microgram dose booster and on our #mRNA multi-valent vaccine approaches in the coming week." Reference Link
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UBSFY | Hot Stocks12:06 EST Ubisoft greenlights 'Splinter Cell' remake - Ubisoft said it has greenlit the development of a "Splinter Cell" remake that will draw from the "rich canvas" of the brand. Led by Ubisoft Toronto, the game will be rebuilt from the ground up using Ubisoft's own Snowdrop engine - the same engine being used to develop "Avatar: Frontiers of Pandora," as well as Ubisoft's upcoming "Star Wars" game - to "deliver new-generation visuals and gameplay, and the dynamic lighting and shadows the series is known for."
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CVX | Hot Stocks12:03 EST Chevron Technology Ventures president Barbara Burger to retire - Chevron Corporation announced that Barbara Burger, vice president of innovation and president of Chevron Technology Ventures, will retire from the company after 34 years of service. Jim Gable, currently vice president of Downstream Technology & Services, will succeed Burger, effective February 1, 2022.
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TENB | Hot Stocks12:02 EST Tenable Holdings sees 2025 revenue of $1.1B+, with operating margins of 25% - Sees 20% revenue CAGR for 2021-2025 period. Comments taken from Investor Day presentation slides.
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AMAM | Hot Stocks12:00 EST Ambrx Biopharma falls -11.9% - Ambrx Biopharma is down -11.9%, or -$1.17 to $8.64.
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PL | Hot Stocks12:00 EST Planet Labs falls -13.1% - Planet Labs is down -13.1%, or -91c to $6.03.
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REVG | Hot Stocks12:00 EST Rev Group falls -23.7% - Rev Group is down -23.7%, or -$3.78 to $12.15.
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AXR | Hot Stocks12:00 EST AMREP rises 9.4% - AMREP is up 9.4%, or $1.51 to $17.52.
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MIXT | Hot Stocks12:00 EST MiX Telematics rises 9.5% - MiX Telematics is up 9.5%, or $1.03 to $11.83.
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STG | Hot Stocks12:00 EST Sunlands Online rises 11.3% - Sunlands Online is up 11.3%, or 47c to $4.62.
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BMY | Hot Stocks11:48 EST Bristol-Myers acute graft versus host disease drug gets FDA approval - The Food and Drug Administration said approved Orencia for the prophylaxis of acute graft versus host disease. Orencia may be used in adults and pediatric patients two years of age or older undergoing hematopoietic stem cell transplantation from an unrelated donor, the agency said in a statement. This is the first FDA drug approval for acute graft versus host disease prevention. The FDA granted approval of Orencia to Bristol-Myers. Reference Link
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AMZN | Hot Stocks11:45 EST Amazon's Twitch aware of issues affected services - Amazon's Twitch said it is aware of several issues affecting Twitch services. "Our team is aware and hard at work fixing them - we'll continue to update you, here," Twitch Support said in a tweet. Reference Link
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DK DKL | Hot Stocks11:43 EST Delek US, Delek Logistics announce 2022 capital spending budget $250M-$260M - Delek US Holdings (DK) and Delek Logistics Partners (DKL) announced their 2022 capital spending budget with a range of approximately $250M to $260M on a consolidated basis. Approximately $59M of the growth capital resides at Delek Logistics Partners, which is expected to be self-funding. The company said, "2022 growth is largely focused on the expansion of the Delek Permian Gathering business where demand from producers is strong. We expect to achieve well above our internal 15% target rate of return threshold for midstream growth investments. Additionally, we are expanding our growth initiatives in the retail segment with four new to industry locations now planned in 2022. Separately, we elected to conduct minor maintenance activities at Tyler in the fourth quarter of 2021, thereby allowing us to defer the start of the next turnaround until 2023. As a result, our refining throughput guidance for the fourth quarter will now be in the range of 275 to 280mbbl/d."
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PFE... | Hot Stocks11:39 EST Dr. Fauci says no need for variant-specific COVID booster - When speaking at the White House COVID Response Team briefing, Dr. Fauci said, "Our booster vaccine regimens work against omicron - at this time there's no need for a variant-specific booster."
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ABNB SQ | Hot Stocks11:20 EST Block CFO Ahuja to join Airbnb board of directors - Airbnb (ABNB) has announced that Amrita Ahuja is joining the company's board of directors, effective immediately, and she will serve as a member of the board's audit committee. Amrita currently serves as the Chief Financial Officer at Block (SQ), formerly known as Square, and is a graduate of Harvard Business School and Duke University, Airbnb noted.
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GM | Hot Stocks11:07 EST GM announces third all-electric vehicle for GMC's portfolio - General Motors announced that an all-electric Sierra pickup will be its third all-electric vehicle in GMC's portfolio. Like the GMC Hummer EV, the electric Sierra will be built on the Ultium Platform. The truck will be revealed next year and will be assembled in General Motors' Factory ZERO Assembly Plant in Detroit and Hamtramck, Michigan. Reference Link
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HTLF | Hot Stocks11:03 EST HTLF announces Food & Agribusiness division - HTLF announces the launch of its new Food & Agribusiness division, which offers a full suite of banking services and solutions dedicated to meeting the needs of businesses across the entire food supply chain. HTLF Food & Agribusiness is led by Hakan Erdinc, EVP, Senior Managing Director, and a hand-picked, dedicated team of senior bankers with deep roots and expertise in the industry. Their knowledge of the cyclical and seasonal nature of the business and the interconnectedness of the network of growers, producers, processors and distributors is critical to successfully partnering with food and agribusiness companies today.
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WIT | Hot Stocks10:39 EST Wipro to acquire system integrator LeanSwift Solutions - Wipro announced that it has signed an agreement to acquire LeanSwift Solutions, a Florida, U.S. headquartered system integrator of Infor Products whose service capabilities include ERP, e-commerce, digital transformation, supply chain, warehouse management systems, business intelligence and integrations. "LeanSwift has development offices across U.S., Sweden and India and its strong portfolio of clients span multiple industries, including manufacturing, distribution, chemicals, fashion, and food & beverages... The acquisition aligns with Wipro's strategy to invest and expand its cloud transformation business through Wipro FullStride Cloud Services. LeanSwift through its capabilities in both the consulting and implementation space, will complement Wipro's Infor cloud practice, and will also establish Wipro as a market leader in the Infor industry cloud services. The combined entity will provide Wipro an edge in key transformation deals, especially in the manufacturing and distribution industry, combining Infor CloudSuite and broader cloud-native digital capabilities," Wipro said. The acquisition is subject to customary closing conditions and is expected to close before the end of the quarter ending March 31, 2022.
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ISIG | Hot Stocks10:29 EST Insignia Systems trading resumes
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ENDP | Hot Stocks10:25 EST Endo announces final ruling in California state opioid trial - Endo International announced that one of the first public nuisance cases filed against manufacturers of prescription opioid medications has ended with a California trial court issuing a final ruling that the defendants, including Endo's wholly-owned subsidiaries Endo Health Solutions Inc. and Endo Pharmaceuticals, are not liable. "We are very pleased with the trial court's final ruling and agree with its conclusion that the plaintiffs failed to present evidence demonstrating false or misleading marketing by Endo or a plausible causal link between Endo's marketing and opioid abuse and misuse," said Matthew J. Maletta, Executive Vice President and Chief Legal Officer of Endo. "We are deeply concerned about the opioid abuse crisis and believe this crisis can only be solved through intensive collaboration among the multiple stakeholders. We remain committed to working collaboratively on a comprehensive solution to the opioid abuse crisis and to continuing Endo's longstanding mission of developing and delivering life-enhancing products through focused execution." The case was filed in 2014 on behalf of the People of the State of California by Orange and Santa Clara Counties as Case No. 30-2014-00725287-CU-BT-CXC. Los Angeles County and the City of Oakland later joined as plaintiffs.
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ISIG | Hot Stocks10:24 EST Insignia Systems trading halted, volatility trading pause
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PYNKF | Hot Stocks10:23 EST Perimeter Medical Imaging announces C43.4M investment by Social Capital - Perimeter Medical Imaging AI (PYNKF) announced that it has entered into a subscription agreement pursuant to which an affiliate of Social Capital Holdings will make a strategic C$43.4M investment in the company. Social Capital has agreed to subscribe, on a non-brokered private placement basis, for C$43.4M n units of Perimeter at a price of C$3.00 per unit. Social Capital will also enter into an investor rights agreement with Perimeter at the closing of the private placement, which will provide Social Capital with the right to nominate one director to the board of Perimeter, with anti-dilution rights to participate in future financings, and with customary registration rights. Perimeter may, but has not yet committed to, issue up to an additional C$7M million in units on substantially the same economic terms as those issued to Social Capital.
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BAESY LMT | Hot Stocks10:02 EST BAE Systems receives $493M contract modification from Lockheed Martin - BAE Systems (BAESY) received a $493 million contract modification from Lockheed Martin (LMT) to significantly upgrade and modernize the electronic warfare system for the F-35 Lightning II, enabling the fifth-generation fighter to quickly detect and address evolving electromagnetic threats in contested battlespaces.
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HAYW | Hot Stocks10:01 EST Hayward announces equipment partnership with Plungie - Hayward announced an agreement with Plungie, an Australia-based fabricator of monolithic concrete pools, to outfit all future installations in North America exclusively with Hayward pool equipment. Equipment emphasized within the exclusive deal includes Hayward's industry-leading line of ultra-high efficiency pumps, the top-ranked Omni automation platform and app, and AquaRite S3 salt chlorinators that require 1/3 the salt of leading competitors. The partnership will bring greater convenience and cost savings to consumers, particularly those looking to install smaller backyard pools.
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MAX | Hot Stocks10:00 EST MediaAlpha falls -10.4% - MediaAlpha is down -10.4%, or -$1.56 to $13.46.
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RBLX | Hot Stocks10:00 EST Roblox falls -12.0% - Roblox is down -12.0%, or -$12.96 to $94.71.
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REVG | Hot Stocks10:00 EST Rev Group falls -16.8% - Rev Group is down -16.8%, or -$2.67 to $13.26.
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NM | Hot Stocks10:00 EST Navios Maritime rises 6.0% - Navios Maritime is up 6.0%, or 21c to $3.73.
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CNF | Hot Stocks10:00 EST CNFinance rises 6.5% - CNFinance is up 6.5%, or 30c to $4.90.
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STG | Hot Stocks10:00 EST Sunlands Online rises 7.5% - Sunlands Online is up 7.5%, or 31c to $4.46.
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NXTD | Hot Stocks09:55 EST Nxt-ID awarded U.S. GSA contract for personal emergency response systems - NXT-ID announces it has been awarded a U.S. General Services Administration contract to bring its personal emergency response systems to federal, state and local government purchasers as of Q3 2021. NXT-ID will now be able to distribute their technology directly to long-term partners like the Veterans Health Administration and to other government agencies to help more people feel safe and secure at an affordable price.
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RBLX | Hot Stocks09:47 EST Roblox falls -8.3% - Roblox is down -8.3%, or -$8.94 to $98.73.
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EBR | Hot Stocks09:47 EST Eletrobras falls -9.0% - Eletrobras is down -9.0%, or -55c to $5.53.
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REVG | Hot Stocks09:47 EST Rev Group falls -13.6% - Rev Group is down -13.6%, or -$2.17 to $13.76.
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CNF | Hot Stocks09:47 EST CNFinance rises 6.5% - CNFinance is up 6.5%, or 30c to $4.90.
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NM | Hot Stocks09:47 EST Navios Maritime rises 8.5% - Navios Maritime is up 8.5%, or 30c to $3.82.
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PRM | Hot Stocks09:47 EST Perimeter Solutions rises 21.6% - Perimeter Solutions is up 21.6%, or $2.63 to $14.81.
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SIDU | Hot Stocks09:45 EST SIDU Stock trading resumes
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MMP | Hot Stocks09:44 EST Magellan Midstream extends open season for Kansas-to-Colorado pipeline expansion - Magellan Midstream Partners announced the extension of its open season to solicit customer commitments for the potential expansion of the partnership's refined petroleum products pipeline system from Kansas to Colorado. Significant interest has been expressed from potential shippers, and the extension provides interested customers additional time to finalize commitments, the company said in a statement. Binding commitments are now due by 5:00 p.m. Central Time on Dec. 22. The approximately 450-mile pipeline currently transports various grades of gasoline, diesel fuel and jet fuel from El Dorado, Kansas to Denver, Colorado.
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SIDU | Hot Stocks09:40 EST SIDU Stock trading halted, volatility trading pause
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MDT | Hot Stocks09:36 EST Medtronic, Virtua Health enter collaboration to improve health outcomes - Virtua Health and Medtronic announce a five-year partnership focused on improving delivery of quality care for residents of South Jersey, particularly those who reside in underserved communities or face systemic barriers to care. Medtronic LABS, an independent impact-focused organization funded by Medtronic plc, will simultaneously launch a separate pilot collaboration with the Cherry Hill Free Clinic and Virtua to address care and food access for people with chronic conditions - the first U.S.-based initiative for Medtronic LABS. The scope of the partnership includes the following projects and will expand over time. Heart Health: Medtronic plc and Virtua Health will develop a program to optimize care for hospital patients diagnosed with heart failure, with a focus on slowing the progression of the disease and enhancing the experience of both patient and provider. By employing Medtronic's data-driven, decision-support tools, Virtua clinicians will provide ongoing resources post-hospitalization, minimizing the likelihood of readmission and creating sustainable, enriching solutions for the individual. Outpatient Care Continuity: The partnership will also optimize patient care in high-value outpatient settings, including ambulatory surgery centers. Additionally, Medtronic plc and Virtua will expand Virtua's hospital at home program, which is due to launch officially in early 2022 and aims to reduce the resource-strain on the health system while allowing eligible patients to heal from the comfort of home. Medtronic LABS' collaboration intends to address population health in the following ways: Community Health and the Cherry Hill Free Clinic: Community health workers and clinicians at the Cherry Hill Free Clinic will utilize Medtronic LABS' digital health platform, extending their reach through mobile tools and point-of-care diagnostics. Those identified as having chronic illnesses, such as Type 2 diabetes or hypertension, will then connect to the Cherry Hill Free Clinic for follow-up care. Over time, the platform will become more sophisticated and specific as the data accumulates and reveals localized trends and challenges. Food Access: Medtronic LABS will also support Virtua's Eat Well food access programs, specifically the Food Farmacies located inside Virtua Mount Holly Hospital and the Virtua Health & Wellness Center - Camden. Medtronic LABS and Virtua will identify those at risk for food insecurity - due to financial circumstances or limited health literacy - and connect them to free food, nutrition education, and social-work services.
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OYST NBI | Hot Stocks09:27 EST Oyster Point Pharma added to Nasdaq Biotechnology Index - Oyster Point Pharma announced that Oyster Point Pharma will be added to the Nasdaq Biotechnology Index, which will become effective prior to market open on Monday, December 20th.
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AYRO | Hot Stocks09:26 EST AYRO announces results of annual meeting, provides business update - AYRO announces results from its Annual Meeting of Stockholders held on December 14, 2021. Seven directors were elected to serve a one-year term on the Board. The appointment of Friedman LLP as AYRO's independent registered public accounting firm for the fiscal year ending December 31, 2021 was ratified. Additionally, CEO Thomas Wittenschlaeger provided a business update to shareholders. Here is a summary of discussion topics covered in the business update: Record revenue, driven by record unit shipments, is expected for the fourth quarter of 2021. Since being named CEO in late September 2021, Mr. Wittenschlaeger has led an evaluation of all aspects of AYRO's business at every level, examining both revenue and expenses, existing and potential partnerships, and overall strategy from a product portfolio standpoint. Due to supply chain disruptions and escalating shipping costs, AYRO expects to undergo a process of on-shoring the sourcing of components for the Club Car Current, its low-speed electric vehicle, from Asia to North America. A process of evaluating and clarifying products targeted at both the low-speed vehicle and high-speed vehicle markets is underway to ensure that AYRO is targeting the highest value-add components possible within the EV and delivery markets. This holistic examination includes the evaluation of the vehicle component themselves for both the LSV and HSV market segments. An evaluation of AYRO's current partnerships with Club Car, Gallery Carts, and Element Fleet Management is underway to ensure these partnerships are bringing optimized value to the Company and properly leveraging their respective expertise. AYRO is evaluating its cost structure to better align its expenses with its product development cycle. Additionally, the Company will consolidate its Austin manufacturing and office footprints.
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CSSE | Hot Stocks09:20 EST Chicken Soup for the Soul's Screen Media acquires 'Family Squares' - Chicken Soup for the Soul Entertainment announced Screen Media's acquisition of all worldwide rights to the dysfunctional family comedy 'Family Squares' from Unbounded Media.
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GLNG | Hot Stocks09:18 EST Golar LNG announces formation of Cool Company - Golar is pleased to announce the formation of Cool Company, and the entry into a pre-commitment agreement. CoolCo targets to become a growth vehicle and consolidator of modern LNG carriers and provide investors with direct market exposure to an expected continued strength in the LNG freight market. The consummation of the transactions contemplated by the Terms Agreement would result in CoolCo acquiring Golar's 8 TFDE LNG carriers with plans to raise equity and separately list on Euronext Growth in Oslo during Q1 2022. CoolCo is also expected to acquire the commercial and technical organization associated with the operation of Golar's owned and operated shipping and FSRU assets to become a fully integrated operating platform with capacity for fleet growth. The anticipated IPO proceeds will, together with a contemplated debt refinancing, be used to acquire the 8 TFDE vessels from Golar, secure attractive financing and provide CoolCo with working capital to position the company for further growth. Outstanding Contractual Debt associated with the 8 vessels was $858 million as of September 30, 2021. In addition to a cash release, Golar intends to retain approximately 1/3rd of CoolCo as contemplated by the Terms Agreement. Eastern Pacific Shipping, one of the world's largest privately-owned shipping companies, has as part of the Agreement pre-subscribed for $150 million in CoolCo equity based on an average TFDE ship valuation of $145 million, making EPS the largest shareholder of CoolCo. Subject to market conditions, the Terms Agreement contemplates an equity private placement to outside investors during Q1 2022. Alongside Golar, EPS will take an active role in the further development of CoolCo and will chair the Board of Directors. Five listed LNG carrier companies have been taken private during 2021. Remaining listed peers have limited market exposure for modern tonnage. CoolCo aims to provide investors with attractive market exposure, dividend distributions, attractive organic growth and pursue industry consolidation.
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DK DKL | Hot Stocks09:18 EST Delek US and Delek Logistics announce 2022 capital program - Delek US (DK) and Delek Logistics (DKL) announced their 2022 capital spending budget with a range of approximately $250M-$260M on a consolidated basis. Approximately $59M of the growth capital resides at Delek Logistics Partners, which is expected to be self-funding. 2022 growth is largely focused on the expansion of the Delek Permian Gathering business. Delek expect to achieve well above its internal 15% target rate of return threshold for midstream growth investments. The company elected to conduct minor maintenance activities at Tyler in Q4, allowing it to defer the start of the next turnaround until 2023. As a result, refining throughput guidance for Q4 will now be 275-280mbbl/d.
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RDHL | Hot Stocks09:17 EST RedHill Biopharma announces additional insider buying by senior management - RedHill Biopharma announced that members of its board of directors and senior management, including the company's Chairman & CEO, Dror Ben-Asher, collectively purchased approximately an additional 66,000 American Depositary Shares of RedHill since mid-October, in open-market transactions.
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SMTI | Hot Stocks09:17 EST Sanara MedTech appoints Roszell Mack III to board of directors - Sanara MedTech announced that Roszell Mack III has been appointed to the company's Board of Directors, effective January 1, 2022. Mack is the President and Managing Member of Mack & Co.
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DXC | Hot Stocks09:16 EST DXC Technology names Kristie Grinnell SVP Chief Information Officer - DXC Technology has appointed Kristie Grinnell as senior vice president and chief information officer, CIO. Grinnell, who previously served as global CIO and vice president for supply chain at General Dynamics Information Technology, GDIT, will report to Chris Drumgoole, DXC's executive vice president and chief operating officer . She succeeds Drumgoole, who was promoted to COO in August. At DXC, Grinnell will lead global IT strategy and operations, responsible for integrating and streamlining systems, implementing new digital capabilities to improve performance and efficiency, and ensuring the stability of DXC's global IT infrastructure, all with the goal of enabling the company to provide superior service and innovation to its customers worldwide.
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AMCR | Hot Stocks09:16 EST Amcor confirms global price increases of up to 15%, effective Jan. 1, 2022 - Amcor confirmed price increases of up to 15% for products across its global businesses effective Jan. 1, 2022. The increases will vary depending on circumstances per customer, region and product type. This measure is part of the company's ongoing response to supply constraints and higher input costs across multiple categories including raw materials, transport and energy since the beginning of calendar year 2021. Peter Konieczny, Amcor's Chief Commercial Officer said: "Amcor is working closely with customers and supply chain partners to keep servicing elevated demand for high performance packaging. These price increases are necessary to ensure we continue to minimize the effects of challenges in global supply chains."
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ROIC SBUX | Hot Stocks09:16 EST Retail Opportunity concludes board refreshment, governance review - The Board of Directors of Retail Opportunity Investments (ROIC) announced that it has concluded the Board refreshment and governance review it launched after its 2021 Annual Meeting and has appointed Zabrina Jenkins and Adrienne Banks Pitts as independent directors, effective December 15, 2021, and has adopted a Bylaw amendment to enhance stockholder rights. In addition, director Charles Persico has advised the Board that he will not stand for re-election to the Board at ROIC's next annual meeting. enkins is Senior Vice President and Deputy General Counsel of Starbucks Corporation (SBUX). Ms. Pitts is Managing Director, General Counsel and Corporate Secretary of Loop Capital, LLC, the largest minority-owned investment bank and broker dealer in the United States, including its investment management joint venture with Magic Johnson Enterprises, known as JLC Infrastructure. ROIC also announced that director Charles Persico has advised the Board that he will not stand for re-election to the Board at ROIC's 2022 annual meeting. After that annual meeting, the ROIC Board will consist of nine directors, seven of whom will be independent. ROIC also announced today that the Board has enhanced the rights of stockholders by providing that stockholders may amend the company's Bylaws.
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UGRO | Hot Stocks09:15 EST Urban-Gro announces signing of two new contracts with long-time clients - urban-gro announced the signing of two new contracts involving long-time urban-gro clients. The first contract is a strategic enterprise agreement signed with a multi-state operator, MSO, client that operates under a globally recognized brand and provides a variety of cannabis products in regulated markets around the world. In addition to being the exclusive provider of architecture, engineering and design services for the development and build out of the client's new cultivation facilities, urban-gro will also be the exclusive equipment supplier for all the mechanical and cultivation equipment needs of the facilities. The second contract is with one of the leading Canadian-based licensed producers and is expected to generate approximately $9M dollars of cultivation equipment revenue over the next several quarters. This contract is incremental to urban-gro's announced backlog of $22.5 million as of September 30, 2021.
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CLSK | Hot Stocks09:13 EST CleanSpark names Vecchiarelli as new Chief Financial Officer - CleanSpark announced that its board of directors has appointed Gary Vecchiarelli Chief Financial Officer of the Company. Vecchiarelli succeeds outgoing CFO, Lori Love. Vecchiarelli was most recently Chief Financial Officer for Imatrex, a high-tech medical imaging solutions company.
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YMAB | Hot Stocks09:13 EST Y-mAbs Therapeutics to present naxitamab, SADA technology data - Y-mAbs Therapeutics announced that clinical experience for naxitamab and data from the Company's SADA technology programs will be presented at the Company's R&D event, which will take place virtually today at 12 p.m. Eastern Time. Investors, analysts, members of the media and public may access the event via a live webcast. The Y-mAbs research and development day will feature presentations from oncology key opinion leaders Javier E. Oesterheld, M.D. and Jaume Mora, M.D., Ph.D. An update on Y-mAbs' broad and advanced product pipeline, including the Company's SADA Technology, will follow from Vignesh Rajah, MBBS, DCH, MRCP, MBA, and Steen Lisby, M.D., DMSc. Dr. Lisby will present new details on the proposed mechanism of action for the SADA Technology. The Company plans to file an Investigational New Drug Application with the US Food & Drug Administration for GD2-SADA by the end of this year. Dr. Mora, who has experience treating neuroblastoma patients with both naxitamab and a competing anti-GD2 antibody, will present compassionate use data regarding an investigational infusion protocol for naxitamab, systematically increasing the infusion rate during the treatment. Using the revised infusion rate, for which a provisional patent application has been filed by Y-mAbs and the co-inventors Jaume Mora from SJD Barcelona Children's Hospital and Dr. Nai-Kong Cheung, MD, PhD, and Shakeel Modak, MD, both from Memorial Sloan Kettering Cancer Center in New York, it was observed that the protocol may help with managing Grade 3 and Grade 4 adverse events. Dr. Oesterheld will present his personal experience from Levine Children's Hospital after several patient treatment experiences with DANYELZA.
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NKTR LLY | Hot Stocks09:13 EST Nektar and Eli Lilly announce Phase 1b data for atopic dermatitis candidate - Nektar's (NKTR) partner Eli Lilly (LLY) presented preliminary results from a Lilly-sponsored Phase 1b proof-of-concept study of NKTR-358, a novel T regulatory cell stimulator, in patients with moderate-to-severe atopic dermatitis. Key conclusions from today's preliminary data presentation of the Phase 1b study of NKTR-358 in patients with moderate-to-severe atopic dermatitis include: proof-of-concept data show that NKTR-358 resulted in a dose dependent reduction in Eczema Area and Severity Index scores in patients with moderate-to-severe atopic dermatitis; treatment with NKTR-358 at the 24 ug/kg dose resulted in a 70% maximum reduction in EASI scores at week 12; treatment with NKTR-358 over a 12-week period at the 24 ug/kg Q2W dose resulted in sustained disease control for at least 6 months after last dose demonstrating the potential for NKTR-358 to differentiate from standard of care. NKTR-358 exhibited a similar tolerability profile in the Phase 1b study in atopic dermatitis as shown in prior studies conducted in patients with mild-to-moderate SLE and healthy volunteers.
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XELA | Hot Stocks09:12 EST Exela Technologies, GDIT, VA launch national output communications services - Exela Technologies announced that senior executives from U.S. Department of Veterans Affairs, VA, General Dynamics Information Technology, GDIT, and Exela marked the launch of output print, mail and distribution services for VA's Centralized Benefits Communications Management, CBCM, program and its associated services. Exela and GDIT teamed up to build and deliver a communication solution that extended the existing CBCM managed services for veterans. The joint team was able to finalize and implement the solution and stand up services within 75 days, with full production commencing ramp on December 13.
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AI | Hot Stocks09:12 EST C3.ai authorizes stock repurchase program, up to $100M over 18 months - C3.ai announced that its Board of Directors has authorized a stock repurchase program of up to $100M of C3 AI's class A common stock over the next 18 months. The timing and number of shares actually purchased under the program will depend on market conditions and applicable legal requirements, among other factors. "We believe strongly in the opportunities ahead for C3 AI, and our potential for creating significant long-term value for all our stakeholders as we execute on our strategic vision," said Thomas M. Siebel, CEO of C3 AI. "We see this as an attractive use of capital while still allowing us to invest in our growth." As of the end of second quarter of fiscal year 2022, C3 AI had approximately $1.1B in cash, cash equivalents, and investments on the balance sheet.
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QNRX | Hot Stocks09:11 EST Quoin Pharmaceuticals signs exclusive distribution agreement with Orpharm - Quoin Pharmaceuticals announced that its wholly-owned subsidiary, Quoin Pharmaceuticals has entered into an exclusive Distribution Agreement with Orpharm for QRX003, the Company's investigational treatment for Netherton Syndrome, a rare and devastating genetic disease, for which there is currently no available treatment or cure. Under the terms of the agreement, Orpharm gains exclusive rights to commercialize QRX003 in Russia and CIS, and Quoin is obligated to supply the product to Orpharm, upon the receipt of regulatory approval.
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GOVX | Hot Stocks09:10 EST GeoVax Labs announces initiation of Phase 2 trial for COVID-19 vaccine booster - GeoVax Labs announced the initiation of vaccine dosing in the Phase 2 portion of its Phase 1/2 clinical trial of COH04S1, a multi-antigenic SARS-CoV-2 investigational vaccine, designed to target both the spike and nucleocapsid proteins, to evaluate its use as a universal booster to current FDA-approved vaccines. The clinical trial, titled "Phase 1/2 Dose Escalation Study to Evaluate the Safety and Biologically Effective Dose of COH04S1, a Synthetic MVA-based SARS-CoV-2 Vaccine, Administered as One or Two Injections or as a Booster to Healthy Adult Volunteers" is being conducted at City of Hope. The Phase 1 portion of the trial was designed as a dose-escalation safety study in healthy individuals between the ages of 18 to 55, who had not been previously infected with SARS-CoV-2. Follow-up studies of the volunteers are continuing in order to better assess duration of immune responses and scientific presentations, and publications of results are planned for early 2022. The Phase 2 booster study, for which vaccination is now underway, will include 60 healthy individuals, 18 years of age and older, who were previously vaccinated with one of the FDA-approved SARS-CoV-2 mRNA vaccines. The study is designed as a dose-escalation trial to specifically evaluate the safety profile and immunogenicity of COH04S1 as a booster shot. David Dodd, GeoVax President and CEO, added, "We are excited to begin this important study and look forward to sharing progress reports going forward on this trial, as well as the ongoing Phase 2 trial of COH04S1 in immunocompromised and other patients. We believe the COH04S1 vaccine, containing the two antigens, S and N, along with the recognized antibody and cellular immune responses resulting from the MVA approach, has the potential to offer greater booster protection than that from the current vaccines in use, as well as provide a greater degree of protection within immunocompromised patients. In addition, our pan-coronavirus vaccine candidate, GEO-CM04, continues to progress, demonstrating promising preclinical data results."
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DWSN | Hot Stocks09:10 EST Dawson Geophysical acquisition proposal by Wilks Brothers extended to January 3 - Dawson Geophysical and Wilks Brothers' wholly-owned subsidiary WB Acquisitions - Merger Sub - have agreed to extend the previously commenced cash tender offer by Merger Sub to purchase all of the issued and outstanding shares of common stock of Dawson to 5:00 p.m., NYC time, on January 3, 2022. The tender offer was previously scheduled to expire at 11:59 p.m., New York City time, on December 14, 2021. The depositary for the tender offer has advised Wilks that, as of December 14, the shares of common stock of Dawson tendered pursuant to the tender offer together with the shares owned by Wilks and its affiliates, represented approximately 68.89% of Dawson's outstanding shares of common stock. The tender offer continues to seek to obtain at least 80% of Dawson's outstanding shares of common stock in order to seek a merger of Merger Sub with and into Dawson. Stockholders who have already tendered their shares of common stock of Dawson do not have to re-tender their shares or take any other actions as a result of the extension. Wilks does not anticipate any further extensions or offer amendments beyond those contemplated by the merger agreement.
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AVO | Hot Stocks09:09 EST Mission Produce appoints Shaunte Mears-Watkins to board of directors - Mission Produce announces the appointment of Shaunte Mears-Watkins to its board of directors effective December 14, 2021. Ms. Mears-Watkins was appointed to the class of directors that will stand for election at the company's 2022 Annual Meeting of Stockholders. She currently serves as the Chief Commercial Officer at Clif Bar and Company, a double-digit growth manufacturer in the energy food and drink space.
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VERO | Hot Stocks09:08 EST Venus Concept announces $17M equity financing led by Masters Special Situations - Venus Concept announced that it has completed a non-brokered private placement of common shares of the Company and preferred nonvoting shares. Pursuant to the Private Placement, an aggregate of 9,808,418 Shares and 3,790,755 Preferred Nonvoting Shares were issued at a price of $1.25 per share, for aggregate gross proceeds to the Company of approximately $17M. The preferred nonvoting shares are convertible on a one-for-one basis into Shares upon receipt of conversion notice by the Company from the holder. The financing was led by a new investor - Masters Special Situations, LLC and affiliates thereof. Existing investors, EW Healthcare Partners and HealthQuest Capital, and independent director, Keith Sullivan, also participated in the financing. The gross proceeds to the Company from the Private Placement are expected to be $17M, before offering expenses, which will be used for working capital, general corporate purposes and funding the development of AIme, the Company's next generation robotic technology platform for medical aesthetic applications. In connection with the Private Placement, Masters will receive the right to nominate a director to the board of directors of the Company and intends to nominate Dr. S. Tyler Hollmig. Dr. Hollmig is Director of Dermatologic Surgery and Director of Laser & Cosmetic Dermatology at Dell Medical School at the University of Texas and Ascension Texas.
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NXTP | Hot Stocks09:08 EST NextPlay Technologies appoints Gardner, Moosa to board of directors - NextPlay Technologies has appointed two independent directors, Edward "Terry" Gardner, Jr., and Farooq Moosa, to its board of directors. Following the appointments, the board is now composed of 10 members. Gardner is currently a partner at C.J. Lawrence. Moosa currently serves as president and CFO of Avenir Senior Living. Gardner's appointment is effective December 9, 2021 and Moosa's appointment took effect on November 23, 2021.
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APDN | Hot Stocks09:08 EST Applied DNA Sciences, Isotech sign MoU to leverage isotopic analysis - Applied DNA Sciences and Isotech, a division of Stratum Reservoir announced that they have entered into a memorandum of understanding, or MoU. Under the terms of the MoU, Applied DNA will deploy Isotech's isotopic analysis as a confirmatory assay for cotton genotyping, the process through which cotton DNA is utilized to determine cotton fiber and fabric origin forensically. The MoU is expected to be followed by a definitive agreement between the companies. The signing of the MoU follows the joint presentation of initial data by the companies at an American Apparel and Footwear Association event that describes a methodology and findings for the successful determination of Egyptian cotton fiber, yarn and fabric origin using cotton genomics with affirmation by IA. The complementary use of IA to Applied DNA's CertainT platform for textile traceability yields a continuity of forensic data across the entirety of a natural fiber-based value chain - from source to finished goods - to ensure adherence to social aligned with regulatory and consumer expectations. Per the MoU, the companies will support business development opportunities for cotton traceability. They will also continue to build and compile a global database of cotton, yarn, and fabric samples from known sources to broaden the application and utility of IA.
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MODV | Hot Stocks09:08 EST ModivCare appoints Grover Wray as Chief Human Resources Officer - ModivCare announced the appointment of Grover N Wray as the Company's Chief Human Resources Officer.
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CFG | Hot Stocks09:06 EST Citizens Financial expands M&A advisory team with DH Capital acquisition - Citizens Financial Group announced a definitive agreement to purchase substantially all of the assets of DH Capital This transaction, which follows several recent moves by Citizens to add key talent and solutions, further strengthens Citizens' growing corporate advisory capabilities. Headquartered in New York City with an additional office in Boulder, Colorado, DH Capital has completed more than 200 merger and acquisition transactions totaling approximately $35B in value. The DH Capital acquisition will bring additional digital infrastructure sector expertise to the Citizens M&A Advisory team. It follows acquisitions earlier this year of JMP Group LLC and Willamette Management Associates that also expanded Citizens' corporate advisory team. In particular, the DH Capital acquisition complements the JMP deal and rounds out Citizens' technology advisory capabilities. The transaction will be funded with cash. Terms of the transaction, which is targeted to close in the first quarter of 2022 subject to regulatory approvals, were not disclosed. Under the terms of the agreement, Citizens' wholly-owned subsidiary, Citizens Capital Markets , will purchase substantially all of the assets of DH Capital and upon closing, DH Capital will operate as a division of CCMI.
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APT | Hot Stocks09:06 EST Alpha Pro Tech announces $2M expansion of share repurchase program - Alpha Pro Tech announced that its Board of Directors has authorized a $2M expansion of the Company's existing share repurchase program. With this authorized expansion, the Company now has approximately $2.1M available to repurchase shares of the Company's common stock, $0.1M of which remains from the previous expansion, most recently announced in September 2020.
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KLIC | Hot Stocks09:06 EST Kulicke & Soffa announces collaboration with i3 Microsystems - Kulicke and Soffa and i3 Microsystems announced the collaboration to co-develop lithography solutions for the next-generation of advanced microelectronics packaging technology. In this collaboration, K&S and i3 Microsystems will leverage their respective competencies to deliver optimized solutions in support of the rapidly evolving advanced packaging market. Kulicke & Soffa's high-speed and high- accuracy LITEQ 500A 355nm laser-powered projection stepper was recently adopted to expand capabilities and capacity within i3 Microsystems's advanced microelectronics packaging facility
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FQVLF | Hot Stocks09:06 EST First Quantum Minerals to host virtual Capital Markets Day - First Quantum Minerals announces that it will be hosting a virtual Capital Markets Day on January 18, 2022. This virtual event will feature presentations by Chief Operating Officer, Tristan Pascall, and members of senior management outlining the company's strategy, three-year guidance, organic growth profile, ESG initiatives and capital allocation approach. The three-hour virtual capital markets event will commence at 9:00 EST. The listen-only webcast will be available on First Quantum's website at www.first-quantum.com.
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SBEV | Hot Stocks09:05 EST Splash Beverage Group engages TraDigital as digital Communication Provider - Splash Beverage Group announced the appointment of TraDigital IR, a leading financial and digital media communications firm. TraDigital will assist Splash in broadening its financial marketing presence and in establishing new relationships within the investment community. Robert Nistico, CEO of Splash, commented, "We're delighted to be working with TraDigital as they assist us with our communication efforts. We've established some significant milestones since we uplisted our shares to NYSE American in June, including the recently announced distribution agreement with AB One as well as new and enhanced product lines. TraDigital's capital markets knowledge and industry expertise will assist us with our overall communications efforts and specifically help raise our profile with the investment community. We're looking forward to working with the TraDigital team."
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CDW | Hot Stocks09:05 EST CDW enters new partnership with software optimization platform Clearfind - CDW has finalized a partnership agreement with Clearfind, a platform for enterprise-wide software evaluation and optimization. Under the agreement, CDW will utilize the Clearfind platform to make possible its new data-driven software optimization solution. Three years in the making and launched in October 2020, the Clearfind platform addresses software optimization problems by analyzing the capabilities of an organization's software portfolio and pushing out optimization opportunities as they arise. Using artificial intelligence and a proprietary set of software capabilities, Clearfind categorizes all the software in an organization's ecosystem into three buckets: "Review," "Consolidate" and "Keep."
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APPN | Hot Stocks09:05 EST Appian announces partnership with Redox - Appian announced a partnership with Redox, the company accelerating healthcare data interoperability, to bring low-code data integration to payers and providers. Health systems and payer entities will now be able to securely share patient medical record information via purpose-built applications that simplify care transitions, lower costs, and drive engagement. Appian and Redox are making the patient data stored in electronic medical records as easily available as the data in other legacy systems utilized by health payers and providers. Appian partners are currently working with Redox to enrich their solutions for behavioral health, patient engagement, home health, and more with easy and secure access to EMR data. This interoperability framework will allow a new level of data sharing between providers, payers and patients to streamline access, coordinate care and improve outcomes.
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XOM | Hot Stocks09:04 EST Exxon, BioAccelergy to explore commercial scale development of bio-base stocks - BioAccelergy Ventures has signed a joint-development agreement with ExxonMobil Research and Engineering Company to progress development of a new bio-base stock for lubricants manufacturing from seed and vegetable oil. The multi-year agreement aims to demonstrate the feasibility of producing bio-base stocks at a cost-effective commercial scale to reduce greenhouse gas emissions. BioAccelergy will provide its expertise in bio-based feed supply, genetic research and advanced catalytic process development. ExxonMobil will leverage its industry-leading knowledge in project management, engineering, manufacturing and marketing base stocks.
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TER | Hot Stocks09:04 EST LitePoint, MediaTek collaborate to accelerate Wi-Fi 6, Wifi 6E development - LitePoint, a subsidary of Teradyne, announced it is collaborating with leading chipset maker MediaTek to deliver turnkey design validation test solutions for MediaTek's Wi-Fi 6/6E Filogic chips. The collaboration will enable MediaTek customers to simplify and speed test results for this new family of high-performance connectivity chipsets. Through this strategic collaboration, LitePoint worked with MediaTek to create a version of LitePoint IQfact+ test automation software that enables MediaTek customers to test their Wi-Fi 6/6E designs with a complete and easy to use test flow. IQfact+ software works with the LitePoint IQxel family of test systems to provide MediaTek customers with chipset-specific test development software that enables rapid design validation through volume manufacturing with minimal engineering effort. "LitePoint continues to drive innovation in test solutions for Wi-Fi products and we are pleased to be working with MediaTek to enable their customers to bring Wi-Fi 6/6E devices to market," said Anna Smith, Vice President Worldwide Sales, LitePoint. "IQfact+ and IQxel offer MediaTek's customer base a complete and easy-to-use testing platform for rapid design validation."
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BWA | Hot Stocks09:04 EST BorgWarner enters license agreement with PolyCharge America - BorgWarner is strengthening its inverter capabilities and offerings through an exclusive licensing agreement with PolyCharge America, a startup company formed to deliver disruptive capacitor products. With this agreement, BorgWarner secures exclusive rights to bring the PolyCharge NanoLam capacitors in-house for use in the company's extensive selection of inverters. The capacitors enable high-power inverters to be smaller, lighter and more tolerant to high temperatures. The PolyCharge capacitors will be taken in-house at BorgWarner's Singapore facility.
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STM | Hot Stocks09:03 EST STMicroelectronics introduces new family of GaN power semiconductors - STMicroelectronics has revealed a new family of GaN power semiconductors in the STPOWER portfolio that can significantly reduce energy use and enable slimmer designs in a huge variety of electronic products. Target applications include consumer equipment such as chargers, external power adapters for PCs, LED-lighting drivers, and power supplies inside televisions and home appliances. This equipment is produced in high volumes worldwide and, with greater efficiency, can realize significant CO2 savings. In higher-power applications, ST's PowerGaN devices also benefit telecom power supplies, industrial motor drives, solar inverters, and electric vehicles and chargers.
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IP | Hot Stocks09:03 EST International Paper to build corrugated packaging plant in Atglen, Pennsylvania - International Paper will build a corrugated packaging plant in Atglen, Pennsylvania. The facility will employ approximately 150 team members. The facility will allow International Paper to expand its Industrial Packaging footprint in the northeastern United States. Construction is set to begin in 1Q22 and the company expects the plant to be fully operational in 1Q23.
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DCT | Hot Stocks09:02 EST Duck Creek Technologies' Policy OnDemand chosen by Starr Insurance - Duck Creek Technologies announced that Starr Insurance Companies, a leading global insurance and investment organization and a longtime user of Duck Creek Distribution Management, has selected Duck Creek Policy to replace its existing policy administration system for the Starr Technical Risks business unit. The company will be implementing Policy via Duck Creek OnDemand, the provider's SaaS platform for the P&C insurance industry. Duck Creek's support of complex international business with a multi-currency and multilingual solution was a driving factor behind Starr's business decision. Digital transformation company Mindtree, which has a longtime relationship with Starr and is a Duck Creek Premier Partner, will provide end-to-end solutioning, implementation, global rollout, and support services. Duck Creek's OnDemand end-to-end SaaS solution provides all of the services, support, and computing resources needed to "help insurance organizations move faster and more efficiently than ever before."
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MGP | Hot Stocks09:02 EST MGM Growth raises quarterly dividend to 52.5c per share - On an annualized basis, the dividend of $2.10 represents an increase of 2c per share. This is the 15th dividend increase since MGP's initial public offering in April 2016. The dividend will be payable on January 14, 2022 to shareholders of record as of the close of business on December 31, 2021.
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TRUP | Hot Stocks09:02 EST Trupanion publishes second annual corporate social responsibility report - Trupanion announced that the Company has published its second annual corporate social responsibility report.
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AJG | Hot Stocks09:01 EST Arthur J. Gallagher acquires Tave Risk Management - Arthur J. Gallagher acquired Chicago-based Tave Risk Management. Terms of the transaction were not disclosed. Founded in 2000, Tave Risk Management is a retail property/casualty broker and risk advisory firm offering a range of risk placement, loss forecasting, risk management cost allocation and risk financing services to large and mid-sized clients across a range of industries, including manufacturing, construction, financial services, nonprofits, museums and universities, as well as high-net-worth private clients. Ruth Tave and her associates will remain in their current location under the direction of Ryan Isaacs, head of Gallagher's Midwest region retail property/casualty brokerage operations.
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CSWI | Hot Stocks08:57 EST CSW Industrials completes acquisition of Shoemaker Manufacturing for $41.3M - CSW Industrials announced it acquired Shoemaker Manufacturing for $41.3M. This strategic acquisition further expands CSWI's HVAC/R product offering, with customizable GRD for commercial and residential markets, and regional exposure to the northwest United States, where CSWI historically maintained a modest presence. The Shoemaker acquisition aligns with CSWI's stated objective of leveraging its existing distribution channels, go-to-market strategy, and deep experience in the HVAC/R market, while providing additional, compelling product offerings to existing customers. The $41.3M purchase price was approximately 8.5 times Shoemaker's expected calendar year 2021 adjusted earnings before interest, taxes, depreciation, and amortization. CSWI funded the transaction with a combination of cash on hand, borrowings under its existing $400M revolving credit facility, and approximately 25,500 shares of common stock issued to the sellers. The terms of the acquisition provide for additional contingent consideration of up to $2M based on Shoemaker achieving certain financial performance milestones in the first quarter of calendar 2022, which, if achieved, would reduce the indicated valuation multiple. Shoemaker Manufacturing, based in Cle Elum, Washington and established in 1947, manufactures high-quality GRD, with approximately 55% and 45% of calendar 2021 sales serving residential and commercial applications, respectively. Shoemaker's success is driven by its broad product offerings, customizable design, and ease of online specifications and ordering, which results in providing consistent, reliable, and readily available products to distributors. With 180,000 square feet of domestic manufacturing, the Shoemaker acquisition provides CSWI additional capacity to manage its global supply base. Shoemaker also maintains a small logistics operation for localized delivery of finished goods and backhaul of raw materials, primarily serving the Pacific Northwest and into California, providing beneficial debottlenecking in the current supply chain environment.
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UEIC ROKU | Hot Stocks08:52 EST Universal Electronics announces ITC ruling in its favor in Roku patent case - Universal Electronics (UEIC) announced that the United States International Trade Commission, or ITC, publicly issued its favorable final determination in UEI's patent infringement case against Roku (ROKU), concluding several Roku products infringe a UEI patent and barring the importation and sale of those products. The orders will become final on January 9, 2022, following the expiration of a presidential review period. The ITC's opinion made clear that Roku's products infringe six different claims of UEI's U.S. Patent No. 10,593,196 and rejected Roku's plea to avoid the ITC ban. Referring to UEI's evidence as "substantial," "impressive" and "dispositive," the commission issued a limited exclusion order precluding Roku from importing any infringing "televisions, set top boxes, remote control devices, streaming devices and sound bars."
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RBLX | Hot Stocks08:49 EST Roblox falls over 8% below $99 per share after November metrics data
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ISRG | Hot Stocks08:47 EST Intuitive Surgical receives FDA clearance for 8mm SureForm 30 Curved-Tip Stapler - Intuitive announced that the U.S. Food & Drug Administration cleared the company's fully wristed, 8 mm SureForm 30 Curved-Tip Stapler and reloads for use in general, thoracic, gynecologic, urologic, and pediatric surgery. The 8 mm SureForm 30 stapler is expected to launch in the U.S. in 2022, with other countries to follow. It has been designed to help surgeons better visualize and reach anatomy through a combination of the 8 mm diameter instrument shaft and jaws, 120-degree cone of wristed articulation, and the curved tip. As it fits through the 8 mm da Vinci surgical system instrument cannula, the stapler allows different angles for surgeons to approach patient anatomy.
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SKYE | Hot Stocks08:40 EST Skye expands board of directors with appointment of Ward, promotes Diep to CDO - Skye Bioscience has appointed Keith Ward, PhD, to its board of directors and promoted Tu Diep, MSc to Chief Development Officer, effective immediately. Keith Ward, PhD, is a life sciences executive with over 25 years of experience in the biotech and pharmaceutical industry. Dr. Ward currently serves as President and Chief Executive Officer of InterveXion Therapeutics. Additionally, Skye Bioscience announced the internal promotion of Tu Diep to Chief Development Officer, CDO. Diep most recently served as Senior Vice President of Development at Skye. As CDO, Diep is primarily responsible for overseeing and executing Skye's research strategy, advancing discovery programs through target validation, and leading optimization toward development candidate nominations and IND filings.
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SURG | Hot Stocks08:39 EST SurgePays enlists Jason Aaron to develop national sales rollout strategy - SurgePays has selected Jason Aaron to consult on the development of the blueprint for building, implementing, and scaling the Company's national sales expansion strategy. He currently serves as senior director, Strategic Partnerships, for Onriva.
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XELA | Hot Stocks08:38 EST Exela Technologies reminds stockholders of upcoming annual meeting - Exela Technologies reminds stockholders of its upcoming Annual Meeting of Stockholders. The Meeting will be held online at https://www.cstproxy.com/exelatech/2021/ on Thursday, December 16, 2021 at 10:00 a.m. The Company urges all stockholders to exercise their right to vote their shares by proxy. A proxy card with instructions was mailed to all registered stockholders holding shares as of the close of business on October 20, 2021. Each stockholder can vote his or her proxy online at https://www.cstproxy.com/exelatech/2021/ or through an email that each stockholder received from Proxyvote.com or from Proxydocs.com for those holding shares at Robinhood or Interactive Brokers. Stockholders' brokers cannot vote shares for each of the proposals unless the stockholder instructs him or her to do so via the proxy.
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ALEC | Hot Stocks08:37 EST Alector appoints Sara Kenkare-Mitra as President, Head of Research, Development - Alector announced the appointment of Sara Kenkare-Mitra, Ph.D., as President and Head of Research and Development. In this newly created role, Dr. Kenkare-Mitra will lead all aspects of the company's immuno-neurology and oncology R&D efforts, including oversight of the research, development, clinical, manufacturing, regulatory, and related functions. Dr. Kenkare-Mitra will report to Arnon Rosenthal, Ph.D., Chief Executive Officer of Alector. Dr. Kenkare-Mitra joins Alector from Genentech where, as Senior Vice President, Development Sciences, she served as a member of the research and development leadership team, overseeing the transition of molecules from discovery to the clinic and their continued translation into medicines through clinical development.
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QTNT | Hot Stocks08:37 EST Quotient receives feedback on MosaiQ Expanded IH submission - Quotient Limited announced the company received feedback from the European notified body on the Expanded Immunohematology submission. The Company is pleased with the feedback and expects to submit a response to the questions in the next couple of weeks. "I'm very pleased with the recent news and thankful for progress the team has made with this submission. I'm looking forward to executing on our commercialization in the first quarter of next year," said Manuel Mendez, CEO of Quotient.
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OTMO NXPI | Hot Stocks08:36 EST Otonomo Technologies partners with NXP Semiconductors - Otonomo Technologies (OTMO) announced it has joined forces with NXP Semiconductors (NXPI) to accelerate the time-to-value for the data generated at the vehicle edge. The partnership ensures compatibility and business continuity between NXP's S32G vehicle network processors at the vehicle edge and the Otonomo Mobility Intelligence Platform in the cloud, to offer a seamless, secure infrastructure for transferring data from vehicle to cloud. It also enables Otonomo to offer new differentiated and connected vehicle data and mobility insights that can accelerate the time-to-value for secure connected vehicle applications, while breaking down long-standing silos in the automotive industry. "Automakers are under pressure to move faster to deliver new and better-connected cars, and edge computing helps them accomplish that," said Ben Volkow, CEO and Co-founder, Otonomo. "Our collaboration with NXP ensures data captured at the vehicle edge is aligned with the driver needs and adjusted dynamically based on dynamic conditions. As a result, the edge computing data is application-ready; thus enabling the edge data to be more efficient and aligned with privacy and security needs."
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PPG | Hot Stocks08:35 EST PPG appoints Tim Knavish EVP and COO - PPG announced the appointment of Tim Knavish, executive vice president, as chief operating officer, effective March 1. Knavish will have executive oversight responsibility for all of PPG's strategic business units and operating regions and for the information technology environment, health and safety and procurement functions. He will remain based at PPG's global headquarters in Pittsburgh and will continue to report to Chairman and CEO Michael McGarry. "Tim's proven experience and leadership throughout his 35-year career at PPG have been instrumental in driving PPG's performance as a leading coatings and specialty materials company," McGarry said. "Tim has worked in virtually all of PPG's businesses and has made structural improvements in each business that he managed. He also played a key role in the most recent Tikkurila and Ennis-Flint acquisitions. Plus, in his primary role as leader of our global architectural business, Tim is delivering further global collaboration, leading the adoption of new digital processes and delivering improved financial performance. In this new role, Tim's broad operational expertise, global experience and demonstrated ability to lead our business strategies will play a key role in our continued focus to drive growth and deliver increased shareholder value."
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GTLL | Hot Stocks08:35 EST Global Technologies provides update on Tersus Power revenue channels - Global Technologies is pleased to provide shareholders an update on Tersus Power's multiple revenue channels. Tersus Power will receive revenue through multiple channels in the hydrogen industry: engineering consulting, sale of the proprietary Modular Hydrogen Fueling Station, sale of standalone components inherit within the Hydrogen Fueling Station and servicing of the Hydrogen Fueling Stations. In the company's first year of business, Tersus Power has generated $1,775,000 from engineering consulting contracts. The company has some of the most talented and sought-after hydrogen engineers in the industry. These engineers are in high demand and Tersus Power will continue to provide hydrogen engineering services to the industry. Tersus Power anticipates receiving most of its revenue through the sale and maintenance of the newly designed proprietary steam methane reformer also known as the Modular Hydrogen Fueling Station. The Company estimates that the sale price for the Hydrogen Fueling Station will be $6.5M per unit. At present, there are 48 hydrogen refueling stations in California. The California Fuel Cell Partnership says the goal is 200 hydrogen stations by 2025 and 1,000 stations in the state are "envisioned" by 2030. Hydrogen demand had been steadily creeping toward 80 million tons/year, has grown more than threefold since 1975 and continues to rise as global demand increases. Tersus Power will receive additional revenue by selling different components of the Modular Hydrogen Fueling Station to the hydrogen industry. For example, selling Tersus Power's proprietary hydrogen storage system as a standalone product. Hydrogen needs to be compressed and stored in tanks for practical handling purposes, and then used as needed. Fuel-cell powered cars run on compressed hydrogen stored in highly pressurized large containers. Processing and storing hydrogen require technology that few companies have direct access to. Tersus Power has developed a hydrogen storage system that is sold with the Hydrogen Fueling Station. With the growing demand for hydrogen fuel, Tersus Power anticipates strong interest in its new storage system.
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SCYX | Hot Stocks08:34 EST Scynexis announces EMA granted orphan medicinal designation to ibrexafungerp - SCYNEXIS announced that the European Medicines Agency, EMA, has granted orphan medicinal product designation to ibrexafungerp for the indication of invasive candidiasis, IC. "Our vision for ibrexafungerp is to build a global antifungal franchise for community and hospital infections by leveraging the versatility and potency of our unique systemic antifungal agent to benefit patients," said Marco Taglietti, M.D., President and Chief Executive Officer of SCYNEXIS. "Ibrexafungerp benefits from lengthy regulatory and patent exclusivities in the U.S. and around the world. The 10 years of market exclusivity in the EU based on orphan medicinal product designation builds on those exclusivities as we work to expand the approved indications for our groundbreaking therapy to help patients around the world fight these serious and sometimes deadly fungal infections."
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JNJ | Hot Stocks08:33 EST JNJ announces positive CHMP opinion for booster shot of Covid-19 vaccine - Johnson & Johnson announced that the Committee for Medicinal Products for Human Use of the European Medicines Agency issued a Positive Opinion for use of the company's COVID-19 vaccine as a booster for adults aged 18 and older at least two months after primary vaccination with a single-shot of the Johnson & Johnson COVID-19 vaccine, and as a 'mix and match' booster following primary vaccination with an approved two-shot mRNA COVID-19 vaccine regimen.
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ALLO | Hot Stocks08:33 EST Allogene Therapeutics enters lease agreement to expand headquarters - Allogene Therapeutics announced that it entered into a lease agreement to expand its headquarters in South San Francisco, California. The lease is expected to commence on April 1, 2022, and the additional 47,566 square feet of office and laboratory space will support the growth of its research platform and correlative clinical development activities. With this lease the company will occupy over 100,000 square feet at its headquarters in South San Francisco. In addition, Allogene has built Cell Forge 1, a state-of-the-art cell therapy manufacturing facility in Newark, CA.
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SABR | Hot Stocks08:33 EST Sabre appoints Kurt Ekert as President - Sabre has appointed Kurt Ekert as President of Sabre, separating the roles of president and CEO. The appointment will take effect January 3, 2022. Ekert will oversee all aspects of the company's business and technology operations, including the company's technology transformation. He will report to Sean Menke, who will continue to serve as CEO. Ekert has recently served five years as president and CEO of Carlson Worldwide Travel. He was Executive Vice President and Chief Commercial Officer at Travelport Worldwide.
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SRAD FDS | Hot Stocks08:32 EST Sportradar appoints Rima Hyder as Head of Investor Relations - Sportradar (SRAD) announced the appointment of Rima Hyder as Senior Vice President, Head of Investor Relations. Based in the U.S., she will report to Chief Financial Officer, Alex Gersh. Hyder brings nearly 20 years of experience in finance, communications and investor relations to the role and joins Sportradar after most recently serving as SVP of Investor & Media Relations at FactSet (FDS).
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TUP | Hot Stocks08:32 EST Tupperware sells real estate associated with beauty business in New Zealand - Tupperware Brands announces the sale and lease-back of its real estate assets associated with its Nutrimetics beauty business in New Zealand. The sale includes two warehouses and a manufacturing facility, and generated gross proceeds of approximately $14M. This transaction is in line with the company's turnaround plan strategy of divesting non-core assets, and follows the company's recently completed sale of its remaining land in Central Florida announced last month.
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APVO | Hot Stocks08:30 EST Alligator Bioscience & Aptevo publish article on mechanism of action of 4-1BB - Alligator Bioscience and Aptevo Therapeutics announced publication of an article in the December 15, issue of the peer-reviewed journal, Nature Communications, on the mechanism of action of 4-1BB targeting bispecific antibodies. Nature Communications is an open access, multidisciplinary journal dedicated to publishing high-quality research in all areas of the biological, health, physical, chemical and Earth sciences. The article titled, CD137 co-stimulation of CD8 T cells is more potent when provided in cis than in trans with respect to CD3-TCR stimulation, details the mechanism of action of 4-1BB targeting bispecific antibodies. This work was published in collaboration, by internationally renowned 4-1BB expert, Professor Ignacio Melero, and his team at the University of Navarra, Pamplona, Spain. Professor Melero's data supports that bispecific antibodies, such as ALG.APV-527, targeting 4-1BB, and link 4-1BB signaling in cis , are more efficient at stimulating the anti-tumor response than bispecific agents that link 4-1BB signaling in trans to adjacent non-tumor cell targets such as the stroma. "This study unveils an important mechanism for tumor-cell targeting therapies for cancer. Bispecific antibodies targeting 4-1BB offer a synthetic biology that can be very useful in cancer immunotherapy. In this study, we found a spatial requirement in regard to antigen recognition and 4-1BB co-stimulation. This means that the T cells can detect the antigen on the same cell that is providing natural or artificial 4-1BB co-stimulation. This type of co-stimulation, and the ensuing immune system activation and survival, is far more potent. The bispecific antibody from Alligator Bioscience and Aptevo Therapeutics, ALG.APV-527, is a tool that shows this potent 4-1BB co-stimulation in the tumor microenvironment and has the potential to provide a superior therapy to treat cancers," stated Ignacio Melero, MD, PhD, Cima and Clinica Universidad de Navarra, Spain.
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BLIN | Hot Stocks08:28 EST IT solutions corporation selects Bridgeline Digital's Hawksearch software - Bridgeline Digital announced that their site search product Hawksearch has been selected by an Inc. 5000 IT solutions corporation to support its BigCommerce site's conversion strategy.
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HEOFF | Hot Stocks08:27 EST H2O Innovation announces two Northeast U.S. acquisitions for O&M business - H2O Innovation is proud to announce it executed all the documents related to the acquisition of JCO and of Environmental Consultants from arm's-length third parties. Each of the Targets offers complete operation, maintenance and management services to municipal and industrial water and wastewater clients from the same region, the Hudson Valley Region in the State of New York. The acquisition of the Targets, which were owned and operated separately, complements H2O Innovation's current business activities in the Northeast of the United States and solidifies its position in the North American O&M market. With more than 70 years of combined experience, H2O Innovation, JCO and EC position themselves as significant players in the O&M sector in the State of New York with a total of nearly 200 customers. JCO and EC both operate some sizeable industrial facilities which will grow the industrial customer base of H2O Innovation's O&M business line. Industrial streams are often more complex to treat and could lead to opportunities for H2O Innovation's WTS business line to offer added value membrane solutions which could ultimately lower the operating expenses for the customers. It is expected that this consolidation will foster synergies as the customers currently served by H2O Innovation, JCO, and EC will be offered value-added services that should potentially generate new business opportunities, given the Corporation's global breadth of technology, its operation expertise, and its aftermarket support. Additionally, JCO and EC operate collectively numerous membrane plants that may benefit from the specialty chemicals of H2O Innovation; which specialty chemicals allow membrane water treatment facility to run longer without cleaning, thus contributing to lower operating expenses. The purchase price for these acquisitions, which cannot be disclosed for competitive reasons, will be satisfied from cash on hand, the recently amended credit facility and by the issuance of an aggregate of 1,107,733 H2O Innovation's common shares, at a price of $2.375 per share. A contingent consideration is payable twelve months after closing subject to achievement of certain revenue objectives by each of the Targets. The common shares issued are subject to a statutory resale restriction until April 15, 2022. The transactions are completed with minimal dilution for the shareholders, and the shares of H2O Innovation have been issued to facilitate the integration of the sellers and create an alignment with the business plan of the Corporation, which is to maximize sales synergies and leverage the sales organization. For the twelve-month period ending on September 30, 2021, the Targets generated an aggregate of US$13.5M in revenues with, on a consolidated basis, net earnings of US$1.1M and an adjusted EBITDA of US$2.6M.
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TWST | Hot Stocks08:25 EST Twist shipping synthetic RNA positive controls for Omicron diagnostic tests - Twist Bioscience announced that synthetic RNA positive controls are now available for the SARS-CoV-2 Omicron variants first identified in South Africa. Since the initial discovery, the variant has been identified and is spreading quickly worldwide, with more than 50 countries confirming at least one case as of December 6. "We believe that COVID-19 will become an endemic disease, routinely evolving with new variants continuing to emerge," said Emily M. Leproust, Ph.D., CEO and co-founder of Twist Bioscience. "In addition to the validated positive controls now available for broad distribution, we have been supporting customers who are investigating Omicron's impact on existing vaccines, therapeutics and diagnostic tests, as well as those developing new products to fight all known variants of SARS-CoV-2." Dr. Leproust continued, "While Omicron is the most divergent variant of the virus we have seen to date, it will not be the last. At Twist, we will continue to remain vigilant in monitoring the global landscape and offering new tools to combat COVID-19."
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ETRGF | Hot Stocks08:25 EST Entourage Health enhances cultivation platform with tisuue culture IP - Entourage Health announced it has upgraded its cultivation platform to include a unique Company-wide standardized system rooted in tissue culture propagation that is expected to drive commercial growth for premium products in 2022. In addition to the introduction of new "Plant Empowerment" practices and new genetics geared at optimal canopy management, the Company is also pleased to confirm it recently received certification as an Ontario Living Wage Employer. Tissue culture propagation is widely recognized as a superior way of growing and preserving agricultural root health and has been primarily used across agricultural channels over the last 60 years. Entourage's Guelph facility has developed a proprietary tissue culture program "SteadyStem Solutions" for the cannabis industry using bio-technology techniques aimed at plant cell growth in a clean, scientific-data driven environment. Its "Plant Empowerment" approach is a precision agriculture, data-driven philosophy based on environmental monitoring, integrated rootzone management, plant response data and KPIs centered around excellent donor stock that minimizes contamination, promotes genetic integrity and the growth of vigorous, prolific plants. The Company recently regenerated some of its prized cultivars and genetics unique to Entourage's brands: Color Cannabis, Saturday Cannabis, Royal City Cannabis Co., and Starseed Medicinal with the goal of meeting evolving consumer preferences for premium products. The full suite of new products is expected to be rolled out starting in early 2022. Entourage also announced it has been officially certified as an Ontario Living Wage Employer. A living wage is defined as the income needed for a worker and/or family to meet basic expenses and considers the true costs of living, and participating in their community. It is higher than the provincial minimum wage and draws on community-specific data to determine the rate.
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IAG | Hot Stocks08:23 EST Yorbeau receives scheduled option payment of $750,000 from IAMGold - Yorbeau Resources announced that in order to maintain its option to purchase a 100% interest in the Rouyn property, IAMGOLD Corporation has made the next option cash payment to Yorbeau in the amount of $750,000 corresponding to the fourth in a series of scheduled cash payments to be made to Yorbeau during an Expenditure Period of 48 months. The terms of the definitive option agreement were announced in the Company's press release dated December 17, 2018. Among other commitments, IAMGOLD must make scheduled cash payments in an aggregate amount of C$4M during the Expenditure Period. In the first three years, IAMGOLD has met and exceeded its expenditure obligation of C$6.5M in exploration on the property. In 2022, IAMGOLD plans to continue the evaluation of the resource potential on the project and will complete an additional 6,000 metres of diamond drilling on selected zones of mineralization to support a future Mineral Resource Estimate. In 2022, IAMGOLD plans to continue the evaluation of the resource potential on the project and will complete an additional 6,000 metres of diamond drilling on selected zones of mineralization to support a future Mineral Resource Estimate.
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ATNF | Hot Stocks08:20 EST 180 Life Sciences enters into license agreement with The University of Oxford - 180 Life Sciences announced that it has entered into a new, exclusive global licensing agreement with The University of Oxford for the development and commercialization of HMGB1, a regenerative molecule for promoting liver repair and regeneration. Under the terms of the transaction, the Company will pay Oxford a small one-time upfront license fee, which will have an insignificant impact on the 2022 expenditure rate; and any further payments are contingent upon the achievement of certain clinical, regulatory and sales milestones. There is currently no approved therapeutic for limiting damage and fibrosis in patients with liver disorders such as Non-Alcoholic Steatohepatitis. Dr. James Woody, CEO of 180 Life Sciences, commented, "Liver diseases represent a large unmet medical need. NASH is expected to become the principal indication for liver transplantation in the USA, with the attendant problems of immunosuppression and shortages of suitable donors. We believe an effective treatment that promotes regeneration and limits hepatocellular damage and fibrosis has the potential to revolutionize the management of patients."
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ALTG | Hot Stocks08:20 EST Alta Equipment to acquire Ambrose Equipment, terms to be disclosed at closing - Alta Equipment Group announced that it has entered into a definitive agreement to acquire the assets of Ambrose Equipment, a privately held equipment distributor and an asphalt equipment dealer for more than 33 years, with locations in New Hampshire and Massachusetts. The acquisition expands Alta's construction equipment footprint to 39 locations in 10 states. Ambrose offers a full line of road equipment products and specialty attachments, as well as service, rentals and replacement parts. Ambrose Equipment generated approximately $35M in revenue and had adjusted EBITDA of approximately $3.1M for the trailing-twelve-month period ended August. Terms of the acquisition will be disclosed upon closing. The transaction is expected to close before year-end, subject to customary conditions.
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CMTL | Hot Stocks08:19 EST Glass Lewis joins ISS in supporting Outerbridge's case for 'Sid' Fuchs for board - Outerbridge Capital Management, a beneficial owner of approximately 4.9% of Comtech Telecommunications outstanding shares of common stock, today announced that leading proxy advisory firm Glass, Lewis has joined Institutional Shareholder Services in recommending that shareholders vote on the white proxy card for the election of Outerbridge director candidate Sidney "Sid" Fuchs to the Comtech Board of Directors at the upcoming 2021 Annual Meeting of Stockholders scheduled for December 17. Outerbridge strongly encourages shareholders to vote on the WHITE proxy card to elect BOTH of its highly qualified and fully independent nominees - Wendi Carpenter and Sid Fuchs. In its report, Glass Lewis raises concerns around the lack of independence and industry expertise on Comtech's Board: "[W]e believe there remains a shortage of industry and end-market experience among Comtech's independent directors. As Outerbridge points out, we believe this creates a troubling dynamic in the boardroom whereby non-executive directors are less equipped to challenge Messrs. Kornberg and Porcelain on operational and strategic matters, when appropriate, or hold them accountable when performance targets are missed or changes are potentially warranted."
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OTLK | Hot Stocks08:19 EST Outlook Therapeutics to present data from NORSE TWO trial - Outlook Therapeutics announced that Francesco Bandello, MD, FEBO, Professor and Chairman of the Department of Ophthalmology, University Vita-Salute, Ospedale San Raffaele, Milan, will present pivotal safety and efficacy data from Outlook Therapeutics' Phase 3 NORSE TWO registration trial for ONS-5010 / LYTENAVA, an investigational ophthalmic formulation of bevacizumab for use in wet age-related macular degeneration. The presentation will take place at the 9th International Congress on OCT and OCT Angiography in Rome/ FLORetina Symposia, on Saturday, December 18, 2021. "The results observed for ONS-5010 in the NORSE TWO trial are potentially of great significance for retinal specialists and their patients suffering from wet AMD," said Dr. Bandello. "I look forward to having an additional approved treatment option for patients that is on-label and specifically formulated and packaged to meet the stringent demands for ophthalmic use."
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LMDX | Hot Stocks08:19 EST LumiraDx partners with Audere on COVID-19 nasal specimen collection kit - LumiraDx announced a partnership with digital health non-profit Audere, to offer a self-collected COVID-19 nasal specimen collection kit that has been authorized for use with the LumiraDx SARS-CoV-2 RNA STAR Complete assay to process self-collected samples. Audere's testing solution, HealthPulse@home, closely aligns with LumiraDx's continual efforts to increase testing access and support a growing number of testing needs. Laboratories utilizing the SARS-CoV-2 RNA STAR Complete will be able to integrate HealthPulse@home into their systems. Using HealthPulse@home authorized labeling instructions, labs can provide their own specimen collection kit solution that fits into the lab's preference of kit registration, accessioning, and flexibility of shipping carriers. The HealthPulse@home solution is designed for efficiency and simplicity and requires no additional usability studies.
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SLAB | Hot Stocks08:18 EST Silicon Labs, Memfault partner to improve IoT development with embedded devices - Silicon Labs and Memfault, a specialist in cloud-based diagnostics for embedded devices, announced their partnership integrating enhanced development and operations management tools with Silicon Labs' EFR32 and EFM32 devices. The partnership enables advanced MCU-based applications to de-risk development and launch schedules, and confidently ship products that can be monitored and continuously improved in the field. Memfault created a cloud-based embedded device diagnostics platform that solves these serviceability challenges via fleet observability, remote debugging and firmware over-the-air management.
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RCI | Hot Stocks08:17 EST Rogers Communications breaks ground on Highway 16 wireless expansion in B.C. - Rogers Communications announced the company has broken ground on its first cellular tower site as part of its wireless service expansion project along Highway 16. Rogers crews have started construction on the first of 12 new towers that will service the area of highway between Prince Rupert and Prince George know as the Highway of Tears - a reference to Indigenous women and girls who have disappeared or were found murdered on the route. The project will provide 252 km of new cellular coverage across Highway 16, closing key gaps to ensure continuous coverage along all 720 km of the corridor, establishing a safer environment for travel and fulfilling one of the 33 recommendations in the 2006 Highway of Tears Symposium report to enhance safety for Indigenous women and girls. Rogers will provide coverage to three provincial highway rest stops at Boulder Creek, Basalt Creek and Sanderson Point.
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RBLX | Hot Stocks08:17 EST Roblox reports November DAUs 49.4M, up 35% - Roblox released certain metrics for November. Daily active users were 49.4M, up 35% year over year. Hours engaged were 3.6B, up 32% year over year. Estimated bookings for November were between $208M and $211M, up 22%-24% year over year. Estimated average bookings per daily active user was between $4.21 and $4.27, down 8%-9% year over year. Revenue is estimated to be between $184M and $187M, up 84%-87% year over year.
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FCEL | Hot Stocks08:16 EST FuelCell closes tax equity financing with Franklin Park - FuelCell Energy announced that the Company closed on a tax equity financing transaction with Franklin Park for the 7.4 megawatts fuel cell project located in Yaphank, Long Island, in New York. Franklin Park's tax equity commitment totals $12.7M following the recent declaration of mechanical completion of the Project. The Company continues to advance the Project following mechanical completion and expects commercial operation to commence prior to the end of December 2021. Following commercial operation, the Company expects to add back-leverage debt financing to complete the project's capital structure.
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ECOR | Hot Stocks08:16 EST electroCore announces launch of new online shop in the United Kingdom - electroCore announced the launch of an e-commerce shop for patients residing in the United Kingdom. The site, which can be found at www.gammacore.co.uk, requires patients to complete a healthcare questionnaire in order to purchase a gammaCore Sapphire, non-invasive vagus nerve stimulator device online. "We want to make gammaCore more accessible to patients looking to better manage their primary headache conditions. With an estimated 70% of migraineurs being female, the specificity of menstrual migraine is a natural starting point in a new chapter for our business within the online market. We have created a simple assessment process with full clinician oversight offering ongoing customer care as required," stated Karly Hoggard, Director of Global Commercial Development at electroCore. "Many women suffering from migraine symptoms each month expect to live with such symptoms, impacting daily life, work, family and social commitments. We are excited to offer a clinically proven option women looking for solutions to treat their primary headaches, and through this platform we hope to empower people to take ownership of their conditions and regain control."
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WKSP | Hot Stocks08:15 EST Worksport strengthens in-house IP porfolio for sustainable energy markets - Worksport continues adding to and developing its in-house IP portfolio focused on the sustainable energy markets. The Company now holds 30 patents and 24 trademarks to date, providing protective rights for its solar-integrated products, its Hydrogen fuel cell-powered systems, as well as its conventional tonneau cover products. This, in turn, provides the Company with full controlling rights on its proprietary mechanical components, electrical/electronics concepts, thermal management, manufacturability considerations, failsafe contingencies, sizing constraints, and mobility aspects. The Company recently filed for a patent protecting a wire management system, designed to safeguard any kind of electrical component that is hosted by both soft-fold and hard-fold tonneau covers from overly aggressive usage. Management believes this system will be invaluable to Worksport as Photovoltaic cell structures become more prevalent in the automotive markets. Another example is a patent for the Company's NPEV fast charging stations, which includes a plurality of hydrogen fuel cells configured to convert hydrogen into electricity. The key advantage is to be non-parasitic, where the system does not require coupling to a commercial power grid - conducive for relocating. Management believes this capability will provide for a variety of implementations and versatility.
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CDXS | Hot Stocks08:15 EST Codexis launches Codex HiTemp Reverse Transcriptase - Codexis announced the launch of its Codex HiTemp Reverse Transcriptase for use in one-step quantitative reverse transcription PCR, RT-qPCR. RT-qPCR is currently used widely for viral diagnostic tests, including SARS-CoV-2 nucleic acid amplification tests. This enzyme is specifically engineered and optimized for enhanced thermostability and robustness to address known challenges in handling clinical samples. Codex HiTemp Reverse Transcriptase is specifically engineered to provide several key benefits in the RT-qPCR workflow, including: Enhanced thermostability to tackle complicated RNA structures; Improved robustness to address several known challenges when handling clinical samples; Faster turnaround time to complete a reverse transcription reaction in as little as five minutes. "The COVID-19 pandemic has placed rapid and unprecedented demand on PCR testing for viral RNA, driving new supply chain and sample processing workflow challenges," said John Nicols, President and CEO of Codexis. "Given the clear need to create an improved enzyme to reduce reaction time and mitigate some of the well-documented obstacles associated with clinical samples, I am proud of our team for taking action to develop and add Codex(R) HiTemp Reverse Transcriptase to our growing life science enzyme portfolio. We look forward to working with partners to incorporate this Codexis enzyme into their RNA detection toolbox."
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NAKD | Hot Stocks08:13 EST Cenntro selects Jacksonville, Florida for new US manufacturing facility - Cenntro Automotive has selected Jacksonville, Florida for its first U.S. based manufacturing facility. The Jacksonville City Council unanimously approved the economic development deal on December 14th for the proposed 100,000-square-foot facility to support the Company's production of its vehicle lines, with a possible expansion to support additional vehicles and a battery packing operation. When fully operational, the facility is expected to create up to 34 new jobs including research and development specialists, highly skilled technician positions and administrative support. The new facility will support annual production levels of over 50,000 vehicles within four years as well as assembly, quality and testing processes, parts warehouse, distribution and administrative functions. Cenntro Automotive expects to invest $25M in the facility and to begin assembling vehicles in the first quarter of 2022. "Jacksonville is the ideal spot for our first U.S. manufacturing facility with JAXPORT providing a strong foundation in advanced manufacturing and a growing innovation ecosystem," said Peter Wang, Cenntro Chairman and CEO of Cenntro Automotive. "We believe Jacksonville provides a great talent pool as we look forward to contributing to the growing advanced manufacturing environment. Our new Jacksonville hub will serve as a cornerstone for our U.S. commercial electric vehicle sales and manufacturing efforts as our seventh assembly plant worldwide."
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EPD | Hot Stocks08:13 EST Enterprise completes expansion of Acadian nat gas pipeline system in Louisiana - Enterprise Products Partners announced that it recently started commercial service on its new Gillis Lateral pipeline and the associated expansion of its existing Acadian Haynesville Extension system to serve the growing liquefied natural gas market on the Gulf Coast. The approximately 80-mile Gillis Lateral originates near Alexandria, Louisiana on Enterprise's Acadian Haynesville Extension system and extends to third party pipeline interconnects near Gillis, Louisiana, including multiple pipelines serving LNG export facilities. The recently completed Gillis Lateral pipeline has the capability to transport approximately 1 billion cubic feet per day of natural gas. "By leveraging the flexibility of our Acadian system, Enterprise is providing natural gas producers in the growing Haynesville shale, one of the most lucrative natural gas plays in the U.S., with access to the higher valued global LNG market," said Natalie Gayden, senior vice president, Natural Gas Assets for Enterprise's general partner. "This environmentally responsible project will facilitate delivery of affordable, clean-burning U.S. natural gas to developing nations living in energy poverty that may otherwise rely on highly polluting solids, such as wood, coal and animal waste for heating and cooking. The Gillis Lateral is fully subscribed with long-term, firm commitments from shippers." To accommodate the additional volumes, Enterprise increased capacity on its Acadian Haynesville Extension pipeline from 1.8 Bcf/d to 2.1 Bcf/d by increasing horsepower at its Mansfield compressor station in DeSoto Parish. The Legacy Acadian and Haynesville Extension pipelines are part of the Acadian Gas Pipeline system, which is comprised of approximately 1,300 miles of natural gas pipelines and leased underground storage. It links natural gas supplies in Louisiana and offshore Gulf of Mexico to distribution companies, electric utility plants and industrial customers located primarily in the Baton Rouge/New Orleans/Mississippi River corridor area. Enterprise's 378-mile Haynesville Gathering system has a capacity of approximately 1.3 Bcf/d, can treat up to 810 million cubic feet per day of natural gas and provides a significant and reliable source of supply for the Acadian system.
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SLGG | Hot Stocks08:13 EST Super League secures patent allowance for individual streaming customization - Super League Gaming announced the extension of its intellectual property portfolio, having received a notice of allowance from the United States Patent and Trademark Office for an additional patent application associated with the cloud-based live streaming of gaming content experiences. Specifically, the company's newest patent allowance pertains to a single live broadcast serving multiple content streams from devices displaying the content, thereby enabling individual perspectives while meeting locality requirements. This patent application grows the Super League Gaming patent portfolio, which encompasses content customization on request by a user resulting in a unique stream with location-specific content, data, graphics, player or host recommendations, specific camera views, and targeted advertising served immediately to that viewer based on profile metadata. This proprietary technology will allow for multiple one-to-many broadcasts, each with custom results based on target audience preferences, ensuring a robust personal experience tailored specifically by the user.
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JZXN | Hot Stocks08:13 EST Jiuzi Holdings signs sales cooperation contract with Chinese EV distributor - Jiuzi Holdings has entered into a sales cooperation agreement with Brilliance Xinri Automobile Sales, a brand distributor of electric vehicles in China. Zhejiang Jiuzi will establish a franchise store in Hangzhou City, Zhejiang Province, exclusively for the promotion and sales of the Brilliance Xinri EVs, subject to Brilliance Xinri's review and approval within 30 days upon the store's being set ready for operation. Brilliance Xinri will offer training and cover training-related expenses for the franchise store's sales crew. Zhejiang Jiuzi is entitled to distribute Brilliance Xinri EVs via the franchise store exclusively in Hangzhou City. Specifically, Zhejiang Jiuzi will first order 24 units of Brilliance Xinri EVs and will keep a monthly SKU of 24 Brilliance Xinri EVs during the term of the cooperation. The franchise store will target sales of 20 Brilliance Xinri EV units of per month, as per the Agreement.
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HFFG | Hot Stocks08:11 EST HF Foods Group appoints Valerie Chase to board of directors - HF Foods Group has appointed Valerie Chase to the Company's board of directors effective December 13, 2021. As a result of Ms. Chase's appointment, the Company's board of directors will be expanded from four to five directors. The board will now include four independent directors and Mr. Xiao Mou Zhang, the CEO of the Company. From May 2018 to September 2021, Ms. Chase served as the vice president, chief accounting officer and controller of Magnolia Oil & Gas Corporation, a Houston based, publicly traded oil & gas exploration and production company.
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EIGR | Hot Stocks08:10 EST Eiger BioPharma's Peginterferon Lambda study in COVID-19 approved to continue - Eiger BioPharmaceuticals announced that the Data Safety Monitoring Board - DSMB - for the Phase 3 TOGETHER study has conducted a second interim futility analysis and recommended continuation of the study. This analysis was based on a sample size of 1,003 patients, randomized to active or placebo. The primary endpoint compares number of extended emergency setting visits, hospitalizations, and/or deaths in treated patients versus placebo. TOGETHER is expected to enroll up to 1,600 patients at high risk for developing complications from progression of COVID-19. TOGETHER is a Phase 3 study evaluating therapeutics in newly diagnosed, high-risk, non-hospitalized patients with COVID-19. The primary endpoint compares number of emergency setting visits, hospitalizations, and/or deaths in treated patients versus placebo through Day 28. TOGETHER is expected to enroll as many as 1,600 patients at high risk for developing complications from progression of COVID-19. TOGETHER is currently recruiting at twelve sites in Brazil.
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WINT | Hot Stocks08:10 EST Windtree Therapeutics announces USPTO issuance of new US istaroxime patent - Windtree Therapeutics announced that the United States Patent and Trademark Office, USPTO, has issued U.S. Patent No. 11197869, covering the intravenous delivery of istaroxime for the treatment of acute heart failure. The U.S. Patent, titled: "Istaroxime-Containing Intravenous Formulation for the Treatment of Acute Heart Failure," covers longer infusion durations of istaroxime for improved outcomes in the treatment of acute heart failure. In particular, the patent refers to results in improvement in at least one echocardiographic indicator of diastolic function, which Windtree attributes to the SERCA2a mechanism of action of istaroxime and its metabolites. Istaroxime is an investigational drug candidate being studied in acute heart failure and early cardiogenic shock. "Given the multiple development projects and programs we are advancing with istaroxime, we are pleased to have this patent contribute to the intellectual property protection of istaroxime," said Craig Fraser, CEO and President. "We plan to continue to pursue and expand on the IP estate around istaroxime as additional data is obtained in our clinical studies, including the current early cardiogenic shock study with top line results expected in Q1, 2022 as well as our next study in acute heart failure."
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WMT | Hot Stocks08:09 EST Walmart to build new fulfillment center in Salt Lake City - Walmart announced plans to build a new fulfillment center in Salt Lake City to support the retailer's e-commerce business. The 1,000,000+ square-foot facility, which is located at 990 N 6550 W, is scheduled to open Summer of 2022 and will create approximately 450 full-time, permanent jobs across the region. The purpose of the facility will be to fulfill online orders placed on Walmart.com. The facility is part of a broader initiative to add more capacity into Walmart's supply chain as the retailer prepares for growth. In Q3 of FY22, Walmart U.S. e-commerce sales grew 8% for the quarter and 87% over the past two years.
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CORT | Hot Stocks08:09 EST Corcept Therapeutics announces waiver of condition to tender offer - Corcept Therapeutics announced an update to its offer to purchase up to 10,000,000 shares of its common stock at a price not greater than $23.75 nor less than $20.75 per share closing at one minute after 11:59 P.M., New York City time, on December 15, 2021. Corcept's Board of Directors has determined that it is advisable to proceed with the Tender Offer despite the recent fluctuations in the price of Corcept's stock and has therefore declined to exercise Corcept's option, as set forth in the offer to purchase, to terminate the Tender Offer due to changes in the company's stock price. The Tender Offer is subject to other terms and conditions, which are described in detail in the offer to purchase. Except for the waiver of the share price condition set forth above, the terms and conditions of the Tender Offer remain the same.
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BCDA | Hot Stocks08:09 EST BioCardia establishes new manufacturing facility in California - BioCardia announces that it has entered into a long-term lease for a new facility in Sunnyvale, California. This facility is being built out to support the manufacturing of BioCardia's cell and device products and product candidates across the Company's therapeutic pipeline. The new facility is expected to provide manufacturing capabilities across BioCardia's portfolio, including its CardiAMP Cell Therapy Systems, NK1R+ mesenchymal stem cells, and Biotherapeutic Delivery Devices, with the ultimate goal of supporting clinical trials in multiple programs and early commercial activities. "We have always believed that manufacturing during development needs to be kept close to capture new insights and innovate rapidly. Controlling manufacturing at this stage helps accelerate the development of our cell-based medicines, which we also believe is a key differentiator of BioCardia from many other cellular therapeutics companies," said Peter Altman, BioCardia's President and CEO. "We expect to soon see all four of the programs we discuss publicly in the clinic helping patients, with our in-house facilities providing the material."
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CUE | Hot Stocks08:08 EST Cue Biopharma appoints Patricia Nasshorn as CBO - Cue Biopharma announced the appointment of Patricia Nasshorn, as Chief Business Officer, effective December 15th, 2021. Most recently, Ms. Nasshorn served as a business development consultant for several pharmaceutical companies, including Cue Biopharma, where she sought and built strategic partnerships for diverse programs.
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HCTI | Hot Stocks08:08 EST Healthcare Triangle's MEDITECH-as-a-Service selected by Sage Memorial Hospital - Healthcare Triangle's expertise and experience in MEDITECH's Expanse/MaaS software helped Sage Memorial accelerate their MaaS implementation and successful transition from paper and free-text notes for nursing staff, enabling structured data assessments and electronic care planning. The MEDITECH MaaS Platform offered an efficient implementation and cost-effective pricing on a modern technology platform. HCTI guided the implementation of the electronic 837 claim format. HCTI led the effort in coordinating between the Sage team, MEDITECH, and the claims clearinghouse so that claim data could flow smoothly from one system to another. HCTI guided the Sage team to focus on implementing the features best suited for their needs. HCTI assisted Sage in setting up and optimizing worklist functionality, replacing paper reports previously required to manage and track daily work.
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IMAB | Hot Stocks08:08 EST I-Mab granted IND approval for Phase 1 trial of TJ-CD4B in China - I-Mab announced that the Center for Drug Evaluation of China's National Medical Products Administration has approved the IND submission for the initiation of a phase 1 clinical study of the bispecific antibody TJ-CD4B in patients with solid tumors, including gastric cancer, gastroesophageal junction carcinoma, esophageal adenocarcinoma, and pancreatic ductal carcinoma in China.
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PYXS | Hot Stocks08:07 EST Pyxis Oncology to be added to Russell 2000 Index - Pyxis Oncology announced that the company will be added to the Russell 2000 Index, effective after the U.S. market opens on December 20, 2021, according to the preliminary list of IPO additions to the Russell indexes. Membership in the Russell 2000 Index, which remains in place until the next reconstitution, is based on membership in the broad-market Russell 3000 Index. The stock will also be automatically added to the appropriate growth and value indexes.
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EXEL | Hot Stocks08:07 EST Exelixis initiates dose-escalation stage of STELLAR-002 trial - Exelixis announced initiation of the dose-escalation stage of STELLAR-002, a phase 1b trial evaluating XL092 in combination with immuno-oncology therapies in advanced solid tumors. The objective of the study is to evaluate the safety, tolerability and efficacy of XL092, Exelixis' novel next-generation tyrosine kinase inhibitor, or TKI, in combination with: nivolumab; nivolumab and ipilimumab and nivolumab and bempegaldesleukin.
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RGA | Hot Stocks08:07 EST Reinsurance Group announces longevity reinsurance deal with Aegon Netherlands - Reinsurance Group of America announced the completion of a longevity reinsurance transaction with Aegon . The reinsurance transaction covers an in-force portfolio of its Dutch business with approximately EUR 7B of underlying reserves. "We value our long-standing relationship with Aegon, and we are proud to continue to collaborate with them to help them to actively manage their risk and capital position," said Simon Wainwright, Executive Vice President, Head of EMEA, RGA. "Partnering with our clients to create customized solutions has led to a standout year in the Netherlands, and we look forward to continued growth in our longevity business in continental Europe." "RGA is a strategic partner for Aegon globally and in the Netherlands," said Allegra van Hovell-Patrizi, CEO of Aegon the Netherlands. "Their local team, with in-depth knowledge of the market supported by their global experts, worked closely with us to tailor the agreement to meet our specific needs, and we appreciate their dedication in executing this transaction." The transaction is effective December 31. Additional terms of the transaction are not being disclosed.
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NVEE | Hot Stocks08:06 EST NV5 Global awarded $15M infrastructure engineering design contract - NV5 Global announced that it has been awarded a three-year, $15M term agreement with the New York City Department of Design and Construction to provide engineering design and related services for large infrastructure projects throughout the five boroughs of New York City.
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CGC | Hot Stocks08:06 EST Canopy Growth divests pharmaceutical C3 Cannabinoid Compound Company - Canopy Growth has entered into an agreement to divest its subsidiary business, C Cannabinoid Compound Company, to Dermapharm Holding, a European pharmaceutical company headquartered in Grunwald, Germany. The C business develops and manufactures pharmaceutical products and is comprised of Spectrum Therapeutics GmbH, based in Neumarkt-in-der-Oberpfalz, Germany, THC Pharm GmbH The Health Concept, based in Frankfurt, Germany, and Spectrum Therapeutics Austria GmbH, based in Vienna, Austria. As a result of the divesture, Canopy Growth is expected to avoid future operational complexities associated with C and is significantly reducing short-term capital investment requirements. With the divesture of C, Canopy Growth is also eliminating its obligation of separating C3 operations from those of its prior owner, Bionorica SE. As a result, the company is expected to avoid future operational complexities and is reducing short-term capital investment requirements by over C$50M. An upfront payment of EUR80M, approx. C$115.5M1, subject to customary cash and debt adjustments, will be made upon the closing of the transaction in addition to an earnout payment of up to EUR42.6M, approx. C$61.4M1, subject to the achievement of select milestones by the C business. The transaction is expected to close by January 31, 2022.
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SYF | Hot Stocks08:06 EST Synchrony announces strategic investment in Skipify - Synchrony announced a strategic investment in Skipify, a digital payments company that enables merchants to offer an instant, one-tap checkout solution. In addition to the strategic investment made through Synchrony Ventures, Synchrony will partner with Skipify on commercializing Skipify's capabilities across Synchrony's expansive merchant network and financial ecosystem.
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AVTE | Hot Stocks08:05 EST Aerovate announces initiation of IMPAHCT Phase 2b/Phase 3 trial of AV-101 - Aerovate Therapeutics announced the initiation of its Inhaled Imatinib Pulmonary Arterial Hypertension Clinical Trial, IMPAHCT., Phase 2b/Phase 3 trial to evaluate the safety and efficacy of AV-101 in adult patients with Pulmonary Arterial Hypertension, PAH. "We are excited and humbled to initiate this Phase 2b/Phase 3 trial of AV-101," said Tim Noyes, Chief Executive Officer at Aerovate. "Starting enrollment represents an important milestone for Aerovate Therapeutics and advances our goal of improving the lives of patients suffering from rare cardiovascular diseases." Aerovate expects to report top-line results from the Phase 2b portion of IMPAHCT in mid-2023.
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SLNH | Hot Stocks08:05 EST Soluna Holdings' MTI Instruments receives $1.4M order - Soluna Holdings MTI Instruments division announced a $1.4M order with a global industrial manufacturer. The contract also includes a 14-year ongoing maintenance and support component representing another high value contract win with recurring revenue. This repeat order stems from a multi-year customer relationship and is for MTI's Block Gage measurement device that allows this top tier global industrial manufacturer to perfectly machine ball pistons that require extremely precise accuracy for high power transmissions. MTI uses capacitance technology for micron level accuracy measurement of distance and fit. The customer chose MTI Instruments based on its trustworthiness, dependability, and historical track record, providing the comfort they require to guarantee the high reliability and efficiency of the products they manufacture and repair.
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WBA | Hot Stocks08:05 EST Walgreens, VillageMD open nine primary care practices in San Antonio - Walgreens Boots Alliance and VillageMD announced plans to expand into San Antonio with the opening of nine Village Medical at Walgreens primary care practices over the next year. These openings represent expansion into the fifth major market in Texas, following Houston, El Paso, Austin and Dallas. Through the Walgreens and VillageMD coordinated care model, patients receive full-service primary care alongside and pharmacy services.
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EVRI | Hot Stocks08:05 EST Everi Holdings says Randy Taylor to succeed Michael Rumbolz as CEO - The Board of Directors of Everi Holdings announced that CEO Michael Rumbolz will be appointed Executive Chairman of the Board and that current COO Randy Taylor will succeed Rumbolz as CEO of the company. Taylor also will be appointed to the Board of Directors. All appointments will be effective April 1, 2022. Randy Taylor has served as President and COO since April 1, 2020, having previously been Executive Vice President, CFO and Treasurer since March 2014. Taylor joined Everi in November 2011 as Senior Vice President and Controller. Prior to joining Everi, he served at Citadel Broadcasting Corporation for ten years rising through a variety of financial roles to become CFO and Principal Financial Accounting Officer.
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BKYI | Hot Stocks08:04 EST BIO-key launches next generation of PortalGuard IDass platform Admin Panel - BIO-key International introduced the next generation of its PortalGuard Identity-as-a-Service platform Admin Panel experience to enhance the ability of IT teams to manage and upgrade their IAM strategies. The improved PortalGuard IDaaS Admin Panel provides a simple, centralized interface for common IAM workflows and management of the platform that eliminates inefficiencies and delivers time savings for busy IT teams.
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BTTR | Hot Stocks08:04 EST Better Choice Company announces sales during Singles Day Promotion - Better Choice announced that consumers purchased $2.6M of Better Choice branded product during Singles Day. Singles Day, also known as Double 11, is the largest online shopping event in the world and takes place in China each year in the weeks leading up to November 11th. Relative to Singles Day 2020, end-consumer purchases of Halo products increased more than 4-fold, driven primarily by significant new customer acquisition. Better Choice expects 2021 full year international sales to total $14M - $15M, representing a 65% - 70% year-over-year increase relative to 2020 sales of $8.6 million. The Company previously announced aggregate minimum purchases with key Asian distribution partners totaling more than $100M in sales from 2021 - 2025 and has exceeded its year one target for 2021.
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NXGN | Hot Stocks08:03 EST NextGen Healthcare CMO Betty Rabinowitz to retire, Robert Murry to succeed - NextGen Healthcare announced the retirement of its chief medical officer, Betty Rabinowitz, effective December 31. Rabinowitz joined the company in 2017, following her role as one of the founders and former CEO of EagleDream Health, the cloud-based analytics and population management solution acquired by NextGen Healthcare. The company also announced that, following an external and internal search, its chief medical Informatics officer Robert Murry has been promoted to chief medical officer. Murry has been with NextGen Healthcare since 2012 and has guided the company's strategy and vision for select products and services.
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ACIU | Hot Stocks07:55 EST AC Immune awarded two grants to advance small molecule PD programs - AC Immune announced it has been awarded two grants, a total of approximately $1.5M, from The Michael J. Fox Foundation for Parkinson's Research, to develop first-in-class brain penetrant small molecules targeting alpha-synuclein and the NOD-like receptor protein 3 inflammasome pathway in Parkinson's disease. These grants further expand AC Immune's research efforts with MJFF following previous grants awarded since 2015 to support the development of a-syn-targeted brain imaging molecules. One award will support an existing early-stage program at AC Immune to develop small molecules that can prevent the intracellular aggregation and spreading of a-syn. The accumulation of a-syn is both a pathological hallmark and neurotoxic mechanism in PD, multiple system atrophy, and dementia with Lewy bodies. As such, the small molecule a-syn aggregation inhibitors are expected to stop the disease progression and therefore fulfil an important unmet need in PD and related disorders. The other award will fund AC Immune's research on the therapeutic potential of chemically and mechanistically novel, brain penetrant, small molecule inhibitors of the NLRP3 inflammasome activation for the treatment of PD. The NLRP3 inflammasome is a multi-step, multi-protein signaling pathway that regulates the production of potentially toxic inflammatory cytokines. The inhibition of this pathway has been shown to decrease neuroinflammation and increase neuronal survival in a wide range of neurodegenerative disease model systems, including those of PD and Alzheimer's disease. The development of novel NLRP3 inhibitors with improved brain penetration capacity could therefore comprise a significant breakthrough in the treatment of multiple diseases of this class.
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ALTR | Hot Stocks07:54 EST Altair Engineering acquires UK-based World Programming - Altair acquired World Programming, a UK-based technology company specializing in data analytics software used by companies including financial services and insurance organizations. World Programming's platform supports development and execution of multi-language software solutions leveraging popular languages used in data science including Python, R, and the SAS language in a single program. World Programming brings a customer base of approximately 500 enterprise customers worldwide. World Programming's software will be integrated into Altair's data analytics solutions suite and available via Altair Units.
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JAZZ | Hot Stocks07:52 EST Jazz Pharmaceuticals enrolls first patient in Phase 2b trial of suvecaltamide - Jazz Pharmaceuticals has enrolled the first patient in a global Phase 2b clinical trial evaluating the safety and efficacy of suvecaltamide - also known as JZP385 -, a highly selective modulator of T-type calcium channels in development for the potential treatment of moderate to severe essential tremor, or ET. The trial will evaluate adults with moderate to severe ET treated with a once-daily oral capsule of suvecaltamide or placebo. ET is the most common movement disorder, yet a new pharmacotherapy has not been approved for the underlying cause of the disorder in more than 50 years. The primary efficacy endpoint of this clinical trial is the change from baseline to Week 12 on the Tremor Research Group Essential Tremor Rating Assessment Scale composite outcome score. The company expects a topline data readout in the first half of 2024.
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LOW | Hot Stocks07:51 EST Lowe's sees FY22 total share repurchases $12B - Sees FY22 ROIC of approximately 35%; Effective income tax rate of approximately 25%; capital expenditures of approximately $2B; Operating income as a percentage of sales (operating margin) of 12.5%-12.8%.
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LOW | Hot Stocks07:46 EST Lowe's announces new $13B share repurchase program - Based on its confidence in the company's continued growth trajectory and cash flow generation capabilities, the Board of Directors has authorized a new $13B common stock repurchase program. This new repurchase program has no expiration date and adds to the previous program's balance, which was $7.3B as of December 14, 2021. The company now has total share repurchase authorization of approximately $20B.
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HBM | Hot Stocks07:43 EST Hudbay Minerals announces initial mineral resource estimate at Copper World - Hudbay Minerals announced a National Instrument 43-101 initial mineral resource estimate for the recently discovered Copper World deposits located near the company's Rosemont copper project in Arizona. The 100% owned Copper World project is located in close proximity to the 100% owned Rosemont deposit, with mineralization closer to surface than Rosemont. The Copper World project consists of seven deposits extending over seven kilometres, including Bolsa, Broad Top Butte, Copper World, Peach, Elgin, South Limb and North Limb. In October 2020, Hudbay began condemnation and exploration drilling over the company's patented private land claims at Copper World and, following encouraging early results, Hudbay expanded the exploration drill program. The initial drill results were announced in March 2021, including four deposits with the potential to be a viable open pit operation. Since then, Hudbay's exploration program at Copper World has continued to define and extend seven mineral deposits hosting both oxide and sulphide copper mineralization at shallow depths over a seven-kilometre strike area. The deposits are located northwest of and in continuity with the Rosemont deposit and are predominantly located on Hudbay's wholly owned private land mining claims. The mineralization consists of both skarn and porphyry copper sulphides with a significant oxidized component along a regional fault along the west side of the Rosemont, Bolsa and Broad Top Butte deposits known as the Backbone Fault. The Copper World deposits contain higher grade mineralization that often starts at or very near surface. This is specifically observed at the Peach-Elgin, Broad Top Butte and Bolsa deposits where significant higher-grade tonnage has the potential to be mined with minimum waste stripping during the initial years of mining The resource estimate for Copper World includes drilling completed since the last exploration update on September 22, 2021. The recent drilling activities have focused on filling the drilling gap between the Bolsa and Rosemont deposits and have been successful in continuing to delineate higher grade mineralization. The drilling gap has now been reduced to 300 feet from 1,500 feet, and the drilling has extended the Bolsa deposit to the south. Four drill rigs continue to turn at site to conduct infill drilling and to support future economic studies. Approximately 33 million tonnes of inferred mineral resources at the Bolsa deposit were considered to be waste in the resource pit shell used for the NI 43-101 Technical Report Feasibility Study for Rosemont dated March 30, 2017. For that study, these tonnes were accounted for as pre-stripping since there were no mineralized intersections available at the time. Any ability to convert Bolsa mineral resources to reserves would be expected to result in less waste being mined at Rosemont, thereby reducing costs and energy consumption per tonne of ore mined. It is expected that additional synergies will be identified as Hudbay continues to close the drilling gap between Bolsa and Rosemont. The Rosemont deposit also contains oxide mineralization that was previously classified as waste, which may be able to be processed with the oxide mineralization at Copper World, further reducing costs and energy consumption per tonne of ore mined at Rosemont. Preliminary Economic Assessment on Track for the First Half of 2022: The technical studies for Copper World are well-advanced and the results will be incorporated into a Preliminary Economic Assessmentcontemplating the development of the Copper World deposits in conjunction with the Rosemont deposit. The company expects to publish the PEA results in a NI 43-101 Technical Report in the first half of 2022. The PEA is also expected to reflect preliminary expectations of potential synergies between Copper World and Rosemont. The Rosemont deposit is one of the world's best undeveloped copper projects with proven and probable mineral reserves of 537 million tonnes at 0.45% copper and additional measured and indicated mineral resources, exclusive of reserves, of 536 million tonnes at 0.29% copper. Hudbay is also completing a review of the Rosemont resource model in the 2017 Feasibility Study based on the recent knowledge gained from the shallow drilling conducted at Copper World and notably at Bolsa, as described above. The objective is to investigate opportunities to reduce some of the grade smoothing inherent in the resource modeling methodology used in 2017 for Rosemont. Private Land Operation Permitting Underway: Hudbay holds approximately 4,500 acres of private land and patented mining claims to support an operation entirely on private land. In October, Hudbay received approval from the Arizona State Mine Inspector for its Mined Land Reclamation Plan for Copper World after applying for the MLRP in June 2021. The MLRP approval includes the requirement for reclamation cost bonding prior to initiating work on the company's private lands and represents the first step in the state-level permitting process for a private land operation. The aquifer protection permit and air quality permit are the key state-level permits required for a private land operation, which, along with other minor permits, are expected to be advanced in 2022 pending positive economic studies for Copper World. Hudbay has previously received the aquifer protection and air quality permits for Rosemont and these permits have been successfully upheld through litigation. Continued Exploration Success and 2022 Plans for Further Drilling and Economic Studies: There remain opportunities for extension of the mineralization discovered at the Copper World and Bolsa deposits. The objectives of the current drilling program, which will continue in 2022, is to convert a large portion of the inferred mineral resources to the indicated category, convert some of the indicated mineral resources to the measured category, to test the potential connections between Broad Top Butte and Bolsa and between Bolsa and Rosemont, to test for extensions of the Copper World deposit, and to test for other discrete mineralized bodies in between the known deposits. Hudbay is also planning to advance a pre-feasibility study in 2022 after the completion of the PEA. Activities to support the PEA will include additional technical studies and drilling at Copper World.
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LESL | Hot Stocks07:40 EST Leslie's announces pricing of secondary offering of shares - Leslie's announced the pricing of an underwritten public offering of 12,500,000 shares of common stock by certain of the Company's non-management stockholders. The Selling Stockholders have also granted the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of common stock. The Selling Stockholders will receive all of the proceeds from the Offering. Leslie's is not offering any shares of its common stock in the Offering and will not receive any proceeds from the Offering, including from any exercise by the underwriters of their option to purchase additional shares. Settlement is scheduled for December 16, 2021, subject to customary closing conditions. As previously announced, the Company also entered into a share repurchase agreement with the Selling Stockholders pursuant to which it intends to repurchase an aggregate of 7,500,000 shares of the Company's common stock from the Selling Stockholders. The price per share to be paid by the Company will be equal to the price per share paid by the underwriters for the shares in the Offering. The Share Repurchase is expected to be consummated concurrently with the closing of the Offering. Although the Share Repurchase is conditioned upon, among other things, the closing of the Offering, the closing of the Offering is not conditioned upon the closing of the Share Repurchase.
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INS CCRD | Hot Stocks07:39 EST Intelligent Systems announces name change to CoreCard - Intelligent Systems announced that it is changing its name to CoreCard Corporation. The Company anticipates its common stock will begin trading using new ticker symbol "CCRD" at the commencement of trading on December 29, 2021, and that its common stock will continue to trade on the NYSE under the symbol "INS" until the closing of trading on December 28, 2021. The Company's corporate structure will not be changing, nor will its financial reporting.
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HUMA | Hot Stocks07:38 EST Humacyte announces publication on first use of the HAV - Humacyte announced that results from a case study of a patient who received the human acellular vessel, HAV, as a replacement for an infected synthetic iliofemoral bypass graft have been published online in the Journal of Vascular Surgery: Cases, Innovations and Techniques, JVSCIT. The manuscript, entitled "Surgical management of an infected external iliac artery interposition graft with a bioengineered human acellular vessel," reports the first use of the HAV in the treatment of a patient with an infected prosthetic vascular graft, a procedure performed in April 2019 under an expanded access use authorized by the FDA. The case report describes a 42-year-old female patient with a medical history of a right external iliac artery endofibrosis who had ipsilateral claudication and a persistently infected synthetic iliofemoral bypass graft replaced with a bioengineered HAV. Twenty-two months post-implantation, the patient demonstrated significant clinical improvement and had resumed regular physical activity. In addition, no signs of infection of the HAV implant have been observed. "While the HAV is being evaluated in multiple international multicenter clinical trials in vascular trauma, arteriovenous access for dialysis, and peripheral arterial disease, with over 460 HAV implants to date and more than 900 years of cumulative patient exposure, this was the first use of the HAV to replace an infected synthetic graft," said Laura Niklason, M.D., Ph.D., Chief Executive Officer of Humacyte. "We are pleased that the HAV has continued to function in this patient over an extended period of time. The challenging cases experienced under the EAP program continue to show the potential of our bioengineered tissue platform to redefine what's possible in regenerative medicine."
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DSS | Hot Stocks07:36 EST Document Security opens new office in Sacramento - DSS announced the opening of a new office in Sacramento, California to serve as the home office for DSS Wealth Management and DSS AmericaFirst Quantitative Funds. "This is an exciting area of our business with significant rapid growth potential," stated Jason Grady, COO of DSS. "Bringing the DSS Wealth Management and DSS AmericaFirst teams together in Sacramento should accelerate our sales and marketing initiatives while the ongoing expansion of our product portfolio with innovative quantitative strategies will enable us to reach an even broader mix of investors."
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AXON | Hot Stocks07:35 EST Axon's Evidence solution selected by PRIMECorp for British Columbia police - Axon and its subsidiary, Axon Public Safety Canada, announced PRIMECorp, will be deploying Axon's digital evidence management solution, Axon Evidence, to all supported police services in British Columbia. TASER's Axon brand includes a growing suite of connected products and services from body cameras and digital evidence management tools to mobiles apps. PRIME-BC is the only multi-jurisdictional police records management and computer-aided dispatch system covering an entire province in Canada.
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CSLLY | Hot Stocks07:35 EST CSL: EMA grants approval for etranacogene dezaparvovec MAA - CSL Behring announced that the European Medicines Agency has granted its approval for an accelerated assessment request for etranacogene dezaparvovec Marketing Authorisation Application. Etranacogene dezaparvovec is an investigational gene therapy for people with haemophilia B, a life-threatening bleeding disorder, and is currently being studied in the Phase 3 HOPE-B clinical trial.
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YAYO | Hot Stocks07:35 EST EVmo partners with USC to provide on-campus fleet access - EVmo announced an agreement with the University of Southern California, USC, to provide on-campus access to the Company's rental vehicle fleet through USC's Grand Avenue parking garage. The EVmo / USC partnership, which launches in January 2022, will promote sustainability while providing employment opportunities for USC students, augmenting USC's Lyft Rides Program. "This is a fantastic opportunity for EVmo to provide convenient access to our fleet as we continue to expand our services to meet the growing demands of the gig economy," stated Stephen Sanchez, CEO of EVmo. "While dedicated staff will be onsite to keep vehicles fully charged and ready for use, the entire rental process can be seamlessly completed from our mobile app."
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ABM | Hot Stocks07:34 EST ABM announces Elevate Investment Program - Building upon the success of the Company's Vision 2020 initiative, ABM will discuss today at its Virtual Investor Day a multi-year comprehensive investment initiative, called Elevate. Elevate is a transformational program intended to enhance the Company's strategic position; leverage the advantages of leading-edge technologies, inclusive of data and analytics; capture incremental growth and profit opportunities arising from shifting demographics, rapidly changing workplace dynamics and the need for increased corporate sustainability. Elevate investments are expected to accelerate the Company's organic growth, strengthen profitability and create a more rewarding experience for both clients and employees. The total Elevate investment is estimated to be $150 million to $175 million and most of these discrete investments will be reported as items impacting comparability. Elevate is expected to be largely completed by the end of fiscal 2025. In fiscal 2022, the Company expects its Elevate investment will be $80 million, including $72 million in discrete expenses and $8 million in capital expenditures. This initial investment will significantly advance the implementation of the Company's digital transformation initiative, enabling lower levels of investment in subsequent years.
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ABM | Hot Stocks07:33 EST ABM raises quarterly dividend 2.6% to 19.5c per share - The Company also announced that the Board of Directors approved a 2.6% increase in the quarterly cash dividend from 19c to 19.5c per common share, payable on February 7, 2022 to stockholders of record on January 6, 2022. This marks ABM's 223rd consecutive quarterly cash dividend.
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MBOT | Hot Stocks07:33 EST Microbot Medical achieves design freeze of the LIBERTY Robotic System - Microbot Medical achieved the design freeze objective for the LIBERTY Robotic System. This milestone demonstrates the continued progress towards the commercialization of the world's first fully disposable robotic system. With the design freeze, in accordance with the Company's previously provided timeline, the next meaningful milestone is the filing of the pre-submission with the U.S. Food and Drug Administration during the first quarter of 2022. "This critical milestone brings us one step closer to our ultimate goal of commercializing the LIBERTY Robotic System, which has the potential to change the way surgical robotics are viewed, from large capital equipment that burden the healthcare system to a disposable and integrated system in the treatment flow," commented Harel Gadot, Chairman, CEO and President. "Meeting this meaningful milestone, within the timeframe we previously provided, gives us the confidence we will continue in our path toward commercialization. I want to commend our engineering team for their ingenuity and dedication to executing this milestone on time, as well as the valuable input and partnership by our Scientific Advisory Board. We are now positioned to pursue additional near-term objectives, including the FDA pre-submission, and securing clinical sites to support any regulatory requirements."
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ARAY | Hot Stocks07:33 EST Accuray's CyberKnife system receives Shonin approval to treat TN in Japan - Accuray announced it has received approval from the Japanese Ministry of Health, Labor and Welfare to market the CyberKnife Robotic Radiosurgery System for the treatment of trigeminal neuralgia in Japan. The system is currently used to treat TN in the U.S., EIMEA and other parts of the world. With the Shonin approval, more TN patients will have access to a high-precision radiosurgery treatment typically delivered in just one out-patient procedure.
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CYBN | Hot Stocks07:32 EST Cybin receives notice of allowance from USPTO for CYB004 patent - Cybin announced that it has been awarded a notice of allowance from the U.S. Patent and Trademark Office, or USPTO, for patent application No. 17/394,038 related to CYB004, the company's investigational deuterated psychedelic tryptamine compound for the potential treatment of anxiety disorders. The allowed claims include other forms of deuterated psychedelic tryptamine, notably certain deuterated forms of DMT and 5-MeO-DMT. The patent, which is expected to expire in 2041 before consideration of any patent term extensions, covers composition of matter for the CYB004 drug substance as a putative new chemical entity.
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CRNC | Hot Stocks07:32 EST Cerence board of directors appoints Ortmanns as president, CEO - Cerence announced that its Board of Directors has appointed Dr. Stefan Ortmanns, most recently Cerence's executive vice president and leader of its Core Products business, as president and chief executive officer. Ortmanns succeeds Sanjay Dhawan, who has resigned from the company, effective immediately. Ortmanns also joins Cerence's Board of Directors, replacing Dhawan, effective immediately. "It has been an honor to lead Cerence for the last two years," said Sanjay Dhawan. "I agree with the Board that Stefan, with his success and history at the company, is the right person to lead Cerence from here."
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ADS | Hot Stocks07:31 EST Alliance Data reports November net charge offs 4.6% vs. 4.1% last month - Reports November delinquency ration 3.9% vs. 3.9% last month.
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CCMP | Hot Stocks07:30 EST Cabot Microelectronics trading resumes
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CCMP | Hot Stocks07:27 EST Cabot Microelectronics trading halted, news pending
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APLS | Hot Stocks07:26 EST Apellis' Aspaveli approved in EU as orphan drug for treatment of PNH - Apellis Pharmaceuticals and Swedish Orphan Biovitrum AB, or Sobi, announced that the European Commission has approved Aspaveli, the first and only targeted C3 therapy, for the treatment of adults with paroxysmal nocturnal haemoglobinuria, or PNH, who are anaemic after treatment with a C5 inhibitor for at least three months. Based on the recommendation from the European Medicines Agency's Committee for Orphan Medicinal Products, the EC determined that pegcetacoplan continues to meet the criteria for the orphan drug designation status granted in 2017 for the treatment of PNH. PNH is a rare, chronic and life-threatening blood disorder where uncontrolled complement activation leads to the destruction of oxygen-carrying red blood cells through intravascular haemolysis and extravascular haemolysis. PNH can result in frequent transfusions and debilitating symptoms such as severe fatigue caused by anaemia. The approval is based on the results from the head-to-head PEGASUS phase 3 study, which evaluated the efficacy and safety of Aspaveli compared to eculizumab at 16 weeks in adults with PNH who had persistent anaemia despite treatment with eculizumab. Aspaveli will have market exclusivity based on orphan drug designation for PNH.
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OBNNF | Hot Stocks07:26 EST Osisko Mining announces results from drill program at Windfall project - Osisko Mining provides new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Quebec. Significant new analytical results presented below include 35 intercepts in 14 drill holes and 9 wedges. The infill intercepts are located inside defined February 2021 mineral resource estimate blocks. The expansion intercepts are located outside the February 2021 MRE blocks and either expand resource wireframes or are in a defined zone or corridor but do not yet correlate to a specific wireframe. Selected high-grade intercepts include 118 g/t Au over 2.3 metres in WST-21-0784; 96.2 g/t Au over 2.6 metres in OSK-W-21-2629; 108 g/t Au over 2.0 metres in OSK-W-21-2633; 83.5 g/t Au over 2.0 metres in WST-21-0855B; 37.8 g/t Au over 2.6 metres in OSK-W-21-2621.
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SURF MRTX | Hot Stocks07:25 EST Surface Oncology appoints Torres as chair of board of directors - Surface Oncology (SURF) announced the appointments of Denice Torres to chair of the board of directors and Ben Hickey to board director. In conjunction with the board appointments, Jeff Goater will transition to board director. The company also announced internal promotions of key senior executives, naming Lisa McGrath chief people officer and Shannon Devens senior vice president, development operations. Denice Torres, MBA, J.D. has been a member of Surface's board of directors since July 2021. Ben Hickey, MBA has over 20 years of industry experience and is currently the chief commercial officer of Mirati Therapeutics (MRTX). Lisa McGrath, who joined Surface in 2017, was promoted to chief people officer. Shannon Devens, who has been with the company since 2016, was promoted to senior vice president, development operations.
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SPHDF | Hot Stocks07:23 EST Santhera Pharmaceuticals shareholders approve all board proposals at EGM - Santhera Pharmaceuticals announces that its shareholders have approved all proposals by the Board of Directors at the Extraordinary General Meeting at the Company's domicile in Pratteln, Switzerland. In total, 15,454,014 shares equaling 28.3% of the Company's share capital were represented. Santhera will require additional funding during 2022 to enable continued pipeline development and preparations for the commercialization of vamorolone. With their approval of all proposed capital increases at today's EGM, Santhera's shareholders gave the Company a flexible financing instrument and enabled the Board of Directors to issue new shares for financing purposes and to enter into equity or equity-based financings or re-financings, all at a moment favorable to Santhera and complementary to potential non-dilutive funding arrangements. The shareholders' approvals included: Ordinary capital increase by CHF 20,000,000 to CHF 74,607,810 by issuing 20,000,000 fully paid-in registered shares with a par value of CHF 1 each. Increase of authorized capital from CHF 11,862,424 by CHF 15,441,481 to CHF 27,303,905 and its extension until December 14, 2023. Increase of conditional capital for financings by CHF 15,038,128 to CHF 21,878,228. As previously announced, both the authorized capital and the conditional capital for financing would be increased again in a second step by CHF 10,000,000 each if the ordinary capital increase can be fully consummated within three months from December 15, 2021, the date of the EGM.
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CLNN | Hot Stocks07:22 EST Clene patent portfolio grows with two patents validated across Europe - Clene, along with its subsidiaries "Clene" and its wholly owned subsidiary Clene Nanomedicine, announced it has validated key patents granted by the European Patent Office that protect the Company's breakthrough processes, devices and methods for treating certain disease indications for its nanotherapeutic drugs. A broad, foundational patent granted in Europe titled "Continuous Methods for Treating Liquids and Manufacturing Certain Constituents in Liquids, Apparatuses and Nanoparticles and Nanoparticle/Liquid Solution Resulting Therefrom" affords critical patent protection for Clene in the world's largest healthcare markets as the Company expects topline results from a Phase 3 registration study of its lead drug candidate, CNM-Au8, a gold nanocrystal suspension, for the treatment of amyotrophic lateral sclerosis. The patent covers a broad set of process and device claims pertaining to Clene's platform electrochemical technology for making aqueous solutions and suspensions of metallic ions and/or nanocrystals. The second patent granted by the European Patent Office titled "Methods and Treatment for Certain Demyelination-Based Disorders and/or Promoting Remyelination" addresses the use of gold nanosuspensions for the treatment of certain diseases. "Clene's technology, which is at the intersection of physics and biology, is potentially the first to effectively address cellular energetic failure, the root cause of many neurological diseases," said Rob Etherington, Clene's President and CEO. "Our revolutionary approach to improve energy production to promote neuroprotection and remyelination is protected by our expanding patent estate across major global markets. These two most recently granted patents in Europe provide broad protection, ranging from methods of manufacturing and novel devices used for manufacturing, as well as methods for treating certain disease indications."
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SLI | Hot Stocks07:21 EST Standard Lithium signs LOI with Koch Engineered to support lithium project - Standard Lithium announced it has signed a Letter of Intent, LOI, with Koch Engineered Solutions for support with pre-front end engineering design at the Company's proposed first commercial plant located at the Lanxess facility in southern Arkansas. The intent of the LOI is to organize and use several business units under the KES umbrella to form an Integrated Project Management Team, IPMT, that will help Standard Lithium to execute key pre-FEED work. The IPMT will largely draw on strategically aligned resources from Koch Project Solutions, Koch Separation Solutions and Optimized Process Designs. The IPMT will be structured to assist the Company in evaluating process scale-up solutions, equipment options, preliminary engineering design, scheduling, budgeting and other project management activities relating to the first commercial lithium plant proposed at the Lanxess facility in southern Arkansas. The proposed site for the first commercial facility currently houses the Company's continuously operating pre-commercial Direct Lithium Extraction Demonstration Plant.
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AOTVF | Hot Stocks07:20 EST Ascot Resources announces assay results at Premier Gold Project - Ascot Resources is pleased to announce additional assay results from the 2021 exploration drill program at the Company's Premier Gold Project. This release summarizes assays from the Company's first two drill holes this year on the Sebakwe Zone near existing resources and the Premier mill building, along with an overview and background on the Sebakwe Zone itself. Highlights from the drill results include: 36.17 g/t Au and 20.6 g/t Ag over 7.10m from a depth of 368.3m in hole P21-2385, including 103.00 g/t Au and 26.5 g/t Ag over 1.00m and 139.50 g/t Au and 80.1 g/t Ag over 1.00m; 29.60 g/t Au and 5.3 g/t Ag over 1.00m from a depth of 328.5m in hole P21-2385 - only 39m above the aforementioned 7.10m interval; 39.00 g/t Au and 28.5 g/t Ag over 0.90m from a depth of 324.5m in hole P21-2386. Two exploration drill holes were completed in October 2021 targeting mineralization in the Sebakwe Zone to the north of established resources of the Premier deposit. Gold mineralization at Premier is hosted in two arcuate structures as depicted in Figure 1. The new drill holes targeted an area where historical drill holes from the 1920s and 1930s were completed, but did not have accurate location or survey information. These historical drill holes, and now the new holes, seem to indicate the possible existence of a third structure to the north of the two known structures. The new drill holes intersected the prospective andesite stratigraphy at a depth of 290m and 270m, respectively. Gold mineralization was intercepted at a vertical depth to topography of approximately 200m and at a similar elevation as the mill building approximately 600m to the west. The mineralized zone has an apparent dip of approximately 40 degrees to the north and is located about 150m to the north of the deepest part of the Northern Light structure, but the distance to an equivalent location on that structure may be as far as 500m which coincides with the distance between the Premier structure and the Northern Light structure. The topography immediately above the Sebakwe Zone is very steep and given the gradually increasing depth of the Betty Creek Formation cover rock, this area was seldom drilled in the property's history. The intercepts in the new drill holes confirm the results from historical drilling and open up exciting possibilities to establish additional high-grade resources in this area. The 2022 exploration program will aim to establish additional drill platforms to test the strike and dip extent of the Sebakwe Zone.
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CIXX | Hot Stocks07:20 EST CI Financial acquires CPWM and strategic stake in Columbia Pacific Advisors - CI Financial and Columbia Pacific of Seattle announced a strategic relationship in which CI will invest in the continued growth of Columbia Pacific's world-class wealth management and alternative asset management firms. Under the agreements, CI will acquire Columbia Pacific Wealth Management, CPWM, which has $6.4B in total assets under management and provides a full range of wealth management solutions to high-net-worth and ultra-high-net-worth clients on the West Coast and across the United States. Additionally, CI will acquire a minority stake in Columbia Pacific Advisors, an alternative asset management firm that manages $3.5B in total assets under management across a broad selection of institutional-caliber real estate private equity, direct lending, opportunistic and hedged strategies. "Columbia Pacific has built remarkable wealth management and alternative asset management businesses centered on delivering the best possible outcomes for their clients and investors," said Kurt MacAlpine, Chief Executive Officer of CI Financial. "Their success has been driven by highly skilled and committed leadership teams with extensive experience in financial services and other businesses. The cultural alignment and shared vision for growth make this an exciting opportunity for CI as we continue to attract the best firms in the business to CI Private Wealth."
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APLS BIOVF | Hot Stocks07:19 EST Apellism, Sobi announce EU approval of Aspaveli for treatment of PNH - Apellis Pharmaceuticals (APLS) and Swedish Orphan Biovitrum (BIOVF), Sobi, announced that the European Commission,EC, has approved Aspaveli, the first and only targeted C3 therapy, for the treatment of adults with paroxysmal nocturnal hemoglobinuria, PNH, who are anemic after treatment with a C5 inhibitor for at least three months. Based on the recommendation from the European Medicines Agency's Committee for Orphan Medicinal Products, the EC determined that pegcetacoplan continues to meet the criteria for the orphan drug designation status granted in 2017 for the treatment of PNH. "As the first and only targeted C3 therapy in Europe, Aspaveli has the potential to elevate the standard of care for patients living with PNH," said Federico Grossi, M.D., Ph.D., chief medical officer of Apellis. "Today's approval represents the first new class of complement medicines in Europe in over a decade, building on the launch of this important treatment in the United States."
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AXGN | Hot Stocks07:18 EST AxoGen sponsors 2022 Donate Life Rose Parade Float - Axogen announced that nerve repair patient Christopher Brown has been selected to ride on the 2022 Donate Life Rose Parade Float. Additionally, organ and tissue donor Paul Flanders will be honored through a floragraph that will adorn the float. The parade will be held in Pasadena, CA on New Year's Day as part of the annual Tournament of Roses celebration. This is the ninth year that Axogen has co-sponsored the Donate Life float to help raise awareness for the importance of organ and tissue donation. Axogen is proud to honor and celebrate Paul and Chris as part of this year's event. Paul, a newspaperman from the Northshore of Massachusetts, was an organ and tissue donor whose selfless gift of life has helped numerous organ and tissue recipients
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FLYW | Hot Stocks07:16 EST Flywire acquires WPM to accelerate expansion in the UK market - Flywire announced that it has acquired WPM, a software provider that enables secure payment experiences for universities and colleges across the United Kingdom. The acquisition will build on Flywire's existing education payments business. Flywire will augment its existing capabilities with the addition of WPM's industry-leading software solutions. "As a core pillar of our strategy, we continue to look for investment opportunities that supplement our strong organic growth and align with our belief that software drives value in payments," said Mike Massaro, Flywire CEO. "WPM's strong client centric approach is a perfect fit with Flywire and will allow us to accelerate our expansion in the U.K. higher education market." The acquisition is expected to be accretive to revenue and growth in 2022 and will be factored into future company guidance.
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LXP | Hot Stocks07:16 EST Lexington Realty announces name change to LXP Industrial Trust - Lexington Realty Trust announced a corporate rebranding and name change to LXP Industrial Trust. In connection with the rebranding, LXP also unveiled a new logo and launched a new website at www.lxp.com. LXP's new name and logo reflect its focus on industrial real estate investments as the Company completes its transition from a diversified net-lease REIT into a primarily single-tenant industrial REIT focused on high-quality warehouse and distribution assets in key U.S. logistics markets. T. Wilson Eglin, LXP's Chairman and CEO, commented, "We are excited to launch our new corporate rebranding, which more accurately reflects LXP's portfolio focus and growth strategy. The rebranding is an important milestone in the evolution of LXP and underscores our success in transforming the company from a diversified net-lease REIT to a primarily single-tenant industrial REIT." LXP will continue to trade under its ticker symbol "LXP." The name change will take effect with the New York Stock Exchange in 10 days.
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AEE | Hot Stocks07:15 EST Ameren to seek accelerated retirement of Rush Island Energy Center - In a regulatory 8-k filing yesterday, the company announced: "As previously reported, in October 2021, Ameren Missouri sought reconsideration of the Court of Appeals' panel decision before the entire Court of Appeals, and the United States Department of Justice sought reconsideration of the panel's decision rejecting the requirement to install a dry sorbent injection system at the Labadie Energy Center. On November 30, 2021, the Court of Appeals issued an order denying both Ameren Missouri's and DOJ's requests for reconsideration. Based on its assessment of available legal, operational and regulatory alternatives, Ameren Missouri has determined not to further appeal the court rulings and will instead seek a modification from the District Court of its September 2019 order that would facilitate the accelerated retirement of the Rush Island Energy Center in lieu of installation of the flue gas desulfurization system. Ameren Missouri expects the retirement of the Rush Island Energy Center to occur on or before the compliance date established by the September 2019 order, which required installation of the flue gas desulfurization system within four and one-half years from the conclusion of the appeal process and entry of a final judgment. Ameren Missouri further expects that the ultimate retirement date and interim operating requirements will be based on an assessment of the impacts of the retirement to regional electric power system reliability and the expected timeframe for implementing any associated transmission upgrade projects that could be required. This assessment will include analysis of such considerations by the Midcontinent Independent System Operator. MISO's preliminary assessment is expected to be completed by mid-January 2022. The District Court is under no deadline to issue an order in this proceeding. In connection with the planned accelerated retirement of the Rush Island Energy Center, Ameren Missouri expects to seek approval from the Missouri Public Service Commission to finance the costs associated with the retirement, including the remaining unrecovered net plant balance associated with the facility, through the issuance of securitized utility tariff bonds pursuant to the Missouri securitization statute that became effective in August 2021. As of September 30, 2021, the Rush Island Energy Center had a net plant balance of approximately $0.6 billion and a rate base of approximately $0.4 billion. In addition, Ameren Missouri expects to file an updated Integrated Resource Plan with the MoPSC during the first half of 2022 to reflect the planned acceleration of the retirement of the Rush Island Energy Center from 2039, the year the facility is currently scheduled to retire as reflected in the company's 2020 Integrated Resource Plan."
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SII | Hot Stocks07:15 EST Sprott updates leadership team with ten new managing directors - Sprott announced the promotion of 10 new Managing Directors, in recognition of their accomplishments and ongoing contributions to the Company's success. In addition, Maria Smirnova has been named Chief Investment Officer of Sprott Asset Management LP. Sprott's new Managing Directors: Samay Bhachech, Managing Director, Financial Controls, Treasury, Planning & Analysis, Sprott Inc.; Lisa Edwards, Managing Director, Sprott Inc.; Chief Compliance & Operations Officer, Sprott Capital Partners; Doug Groh, Managing Director, Sprott Inc.; Senior Portfolio Manager, Sprott Asset Management; Shree Kargutkar, Managing Director, Sprott Inc.; Portfolio Manager, Sprott Asset Management; Sarah-Jane Martin, Managing Director, Chief Talent Officer, Sprott Inc.; Jason Mayer, Managing Director, Sprott Inc.; Senior Portfolio Manager, Sprott Asset Management; Lara Misner, Managing Director, Head of Enterprise Risk, Sprott Inc.; Chief Compliance Officer, Sprott Asset Management; Maria Smirnova, Managing Director, Sprott Inc.; Senior Portfolio Manager & Chief Investment Officer, Sprott Asset Management; J'aime Spork, Managing Director, Sprott Inc.; Head Trader, Sprott Asset Management; Justin Tolman, Managing Director, Sprott Inc., Economic Geologist, Sprott Global Resource Investments Ltd.
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TVTX | Hot Stocks07:14 EST Travere Therapeutics announces results from ongoing Phase 1/2 COMPOSE study - Travere Therapeutics announced "positive" topline results from the ongoing Phase 1/2 COMPOSE Study of pegtibatinase, a novel investigational enzyme replacement therapy being evaluated for the treatment of classical homocystinuria, HCU. In the highest dose cohort to date evaluating 1.5mg/kg of pegtibatinase twice weekly, treatment with pegtibatinase resulted in rapid and sustained reductions in total homocysteine, tHcy, through 12 weeks of treatment, including a 55.1% mean relative reduction in tHcy from baseline as well as maintenance of tHcy below a clinically meaningful threshold of 100 mumol. To date in the study, pegtibatinase has been generally well-tolerated. To date in the COMPOSE Study, a total of 19 patients with HCU have been randomized 3:1 to receive either pegtibatinase or placebo in independent ascending subcutaneous dose cohorts, ranging from 0.33mg/kg once weekly to 1.5mg/kg BIW. The study protocol provided for an unblinded assessment to evaluate safety, tolerability, pharmacokinetics, pharmacodynamics and clinical effects after twelve weeks of treatment had been completed in the fifth cohort. Key findings from the topline results: To date in the COMPOSE Study, pegtibatinase has been generally well-tolerated; there were no discontinuations due to treatment-related adverse events; pegtibatinase demonstrated dose-dependent reductions in tHcy during the 12 weeks of treatment; at the two highest doses, pegtibatinase appeared to reduce tHcy regardless of starting baseline tHcy levels or background therapy; in the highest dose cohort to date of 1.5mg/kg BIW, treatment with pegtibatinase resulted in rapid and sustained reductions in tHcy, resulting in a maintenance of tHcy below a clinically meaningful threshold of 100 mumol from week 2 through week 12 of treatment; in the 1.5mg/kg BIW dose cohort, treatment with pegtibatinase resulted in a mean relative reduction from baseline of 55.1%; methionine levels were substantially reduced and cystathionine levels were substantially elevated following treatment with pegtibatinase, suggesting that pegtibatinase acts in a manner similar to the native CBS enzyme.
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GSMG | Hot Stocks07:14 EST Glory Star New Media provides operational updates - Glory Star New Media announced that as of November 30, the total installed base of CHEERS ecosystem users reached 260 million, a 54% increase versus the 2020 installed base of 169 million users. Monthly Active Users from January to November 2021 was 44 million users in average, a 20% increase from the same period in 2020. The CHEERS e-mall had an installed base of over 11 million with November 2021 MAU of 3.4 million users. This equated to Gross Merchandise Value of over RMB2.5B, up 260% from the same period in 2020. Additionally, the repurchase rate of users reached 35%. The company provided ab update in conjunction with the build-out of the Metaverse Experience Centers, The company is developing its closed-loop business model within the CHEERS video platform to further monetize its assets by converting traffic into leads and sales. Through leveraging the closed-loop model, Glory Star expects to further facilitate the company's long-term growth prospects, consolidate the e-commerce space, and enhance user experience to strengthen the company's core competencies. The company will also adopt NFT technology to help guard the copyrights of the platform's original content.
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BTAI | Hot Stocks07:14 EST BioXcel Therapeutics initiates Phase 3 program of BXCL501 - BioXcel Therapeutics announced the initiation of its pivotal Phase 3 program for BXCL501, the Company's proprietary, orally dissolving thin film formulation of dexmedetomidine, for the acute treatment of agitation in patients with Alzheimer's disease. The program's two studies, TRANQUILITY II and TRANQUILITY III, are designed to evaluate the safety and efficacy of BXCL501 in adults 65 years and older in assisted living or residential facilities and nursing homes. The program expands the evaluation of patients in diverse medical settings across the range of dementia severity. It is designed to maximize the opportunity of BXCL501 for the treatment of the full spectrum of agitation associated with AD. The program will consist of two randomized, placebo-controlled, adaptive, parallel group pivotal trials, TRANQUILITY II and TRANQUILITY III. Each study will enroll 150 dementia patients 65 years and older. Patients will self-administer 40 mcg or 60 mcg of BXCL501 or placebo whenever agitation episodes occur over a three-month period. TRANQUILITY II will enroll patients in assisted living or residential facilities requiring minimal assistance with activities of daily living. TRANQUILITY III will enroll patients in nursing homes with moderate to severe dementia requiring moderate or greater assistance with activities of daily living. The studies are designed to assess agitation as measured by the changes from baseline in the Positive and Negative Syndrome Scale-Excitatory Component and Pittsburgh Agitation Scale total scores. The primary efficacy endpoint for both studies will be change in PEC score from baseline measured at two hours after the initial dose and subsequent doses. Patients who complete TRANQUILITY II or TRANQUILITY III will be eligible to enroll in an open label, 52-week safety study designed to measure the safety and efficacy of BXCL501 in continued use.
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KONEF | Hot Stocks07:13 EST Ketamine One announces lifting of management cease trade order - KetamineOne Capital is pleased to announce that its management cease trade order granted by the British Columbia Securities Commission on November 1, 2021, was lifted effective immediately following the filing on SEDAR on December 13, 2021 of the Company's audited annual financial statements and accompanying management's discussion and analysis for the fiscal year ended July 31, 2021.
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TPRFF | Hot Stocks07:12 EST GCM Mining produces 17,799 ounces of gold in November - GCM Mining announced that its Board of Directors has declared the next monthly dividend of CA$0.015 per common share will be paid on January 17, 2022 to shareholders of record as of the close of business on December 31, 2021. GCM Mining also announced that it produced 17,799 ounces of gold and 24,593 ounces of silver at Segovia in the month of November 2021 bringing the total for the first eleven months of the year to 188,359 ounces of gold and 210,817 ounces of silver, up from 178,923 ounces of gold and 165,832 ounces of silver at Segovia in the first eleven months of 2020. GCM Mining processed 45,030 tonnes in November 2021 at its Maria Dama plant, representing a daily processing rate of 1,501 tonnes per day, and head grades averaged 13.7 g/t in the month. This brings the daily processing rate for the first eleven months of 2021 to an average of 1,518 tpd with an average head grade of 12.9 g/t compared with 1,276 tpd at an average head grade of 14.5 g/t in the first eleven months of 2020. With its trailing 12-months total gold production as of the end of November amounting to 205,808 ounces, GCM Mining remains on track to produce between 203,000 and 210,000 ounces of gold in 2021 from its Segovia Operations. GCM Mining provided an update on its purchases of its common shares pursuant to its current NCIB which commenced in October 2021. During the period from December 6, 2021 through December 10, 2021, the Company purchased a total of 286,301 common shares at an average price of CA$5.20 per share with the total cost amounting to approximately CA$1.5 million. After the cancellation of these shares, the Company currently has a total of 98,241,274 common shares issued and outstanding. The NCIB allows the Company to purchase for cancellation up to a total of 9,570,540 common shares of the Company over the 12-month term that will end on October 19, 2022, or such earlier date on which the maximum purchases under the NCIB have been completed. Purchases of common shares under the NCIB are being made through the facilities of the TSX or other alternative Canadian trading systems at the market price of the shares at the time of acquisition. The Board of Directors and senior management of GCM Mining continue to believe that its common shares may from time to time trade in a price range that does not adequately reflect the value of the Company's common shares in relation to its activities and future prospects. Accordingly, GCM Mining will continue to use its discretion to repurchase its common shares for cancellation under the NCIB.
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SLHG | Hot Stocks07:11 EST Skylight Health completes divestiture of legacy business to New Frontier Data - Skylight Health Group announced the closing and divestiture of its Canna Care Docs and Relaxed Clarity to New Frontier Data. The legacy business was engaged in clinical evaluations and recommendations for patients seeking medical cannabis for state regulated conditions; New Frontier Data purchased 100% of the Legacy Business for a total cash consideration of USD $8,628,000 set forth in the terms below; Skylight will utilize cash proceeds from the sale to purchase additional primary care practices as well as working capital; and This divestiture allows Skylight to continue its focus on its core business of the traditional healthcare market and support of value-based primary care models. The transaction closed on December 15, 2021; terms of the transaction are a total cash consideration of $8.628M. The closing payment of $4M is subject to customary working capital holdbacks, with the remaining balance paid over three installments at 12 months, 18 months, and 24 months from the date of closing. Finally, the Skylight Health Group announces the grants of 219,318 shares issued to directors pursuant to the restricted stock unit plan as part of their annual compensation. Additional grants include 60,000 share purchase options to employees which expire in five years as well as 50,000 share purchase options to consultants that expire in 15 months. All share units and purchase options, as applicable, are priced at CAD $1.78.
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MCLD | Hot Stocks07:10 EST mCloud Technologies signs cloud agreement to host AssetCare in Saudi Arabia - mCloud Technologies has signed an agreement with Virtual Vision, a local provider of cloud computing services within Saudi Arabia, to host the company's AssetCare solutions on the V2 Public Cloud for use in the Kingdom. The agreement was signed on December 14 and enables mCloud to complete the onboarding of several new Saudi customers and immediately take these customers live with AssetCare. The agreement with V2 also ensures mCloud is ready for scalable deployment within Saudi Arabia and in a manner compliant with Saudi legal requirements by geo-locating AssetCare data within the Kingdom. The company expects to add numerous buildings and oil and gas assets to its AssetCare portfolio by mid-2022.
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VLN | Hot Stocks07:10 EST Valens Semiconductor, Sumitomo Electric partner on MIPI A-PHY technology - Valens Semiconductor announced that they are collaborating in the field of A-PHY technology and deployments. The companies will work together to ensure that Sumitomo Electric's wiring harness systems meet the channel requirements of the A-PHY specification, while Valens will add the Sumitomo Electric cable assembly and matching on-board connectors as an ordering option for its VA70XX customer evaluation kits. The cooperation will streamline the deployment of MIPI A-PHY technology across the automotive industry.
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PCOM | Hot Stocks07:09 EST Points International, EVA Air enter into multi-year collaboration - EVA Air, and Points have entered into a new multi-year collaboration to introduce a series of member benefits that will "increase customer engagement and generate additional ancillary revenue streams for the carrier via the Infinity MileageLands program," the companies said. The partnership began November 11, 2021 with the introduction of Purchase Miles, which leverages Points' Buy solution and enables customers to get to their rewards sooner by buying additional miles at a preferential rate. A series of additional loyalty solutions designed to offer members even more utility and value when accruing miles will be introduced in 2022. EVA Air is also leveraging Points' loyalty marketing expertise and data-driven insights to develop personalized campaigns to the Infinity MileageLands membership base.
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PCOM | Hot Stocks07:09 EST Points International, EVA Air enter multi-year collaboration - EVA Air, and Points have entered into a new multi-year collaboration to introduce a series of member benefits that will increase customer engagement and generate additional ancillary revenue streams for the carrier via the Infinity MileageLands program.
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AER EADSY | Hot Stocks07:08 EST AerCap delivers first of 14 Airbus A220 aircraft to Breeze Airways - AerCap (AER) announced that it has delivered the first of 14 new PW1500G powered Airbus (EADSY) A220-300 aircraft to Breeze Airways. The 14-aircraft deal comprises the sale and leaseback of 11 A220 aircraft, the second of which is scheduled to deliver this month with the remaining deliveries continuing through 2022 and 2023, and 3 aircraft owned by Einn Volant Aircraft Leasing Holdings Limited, a global aircraft leasing platform and joint venture between AerCap and Caisse de depot et placement du Quebec, a global investment group. All three aircraft will be managed by AerCap and are scheduled for delivery through 2022.
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NUVB | Hot Stocks07:08 EST Nuvation Bio's NUV-422 granted FDA Fast Track Designation for glioblastoma - Nuvation Bio's NUV-422, a cyclin-dependent kinase 2/4/6 inhibitor, has been granted Fast Track designation by the FDA for the treatment of patients with high-grade gliomas, including glioblastoma multiforme. NUV-422 received Orphan Drug Designation for the treatment of patients with malignant gliomas from the FDA in 1Q21. NUV-422 is the company's lead investigational CDK2/4/6 inhibitor program that works to overcome the limitations of CDK4/6 inhibitors. Preclinical studies have shown that NUV-422 has favorable blood-brain barrier penetration. In addition to high grade gliomas, NUV-422 is currently being studied in HR+ HER2- advanced breast cancer and metastatic castration resistant prostate cancer.
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TNXP NBI | Hot Stocks07:08 EST Tonix Pharmaceuticals added to Nasdaq Biotechnology Index - Tonix Pharmaceuticals Holding announced that it has been added to the Nasdaq Biotechnology Index as part of the Nasdaq's annual reconstitution process. The addition will become effective prior to market open on Monday, December 20, 2021.
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PCOM | Hot Stocks07:08 EST Points International enables new option for EVA Air loyalty members - Between now and January 13, 2022, EVA's Infinity MileageLands members can receive up to 65% in additional bonus award miles when they buy miles with Purchase Miles. This time-limited promotion has been launched to celebrate the introduction of the new member benefit, which has been implemented in collaboration with global leader in loyalty commerce, Points. Rob MacLean, CEO of Points, commented on the news, "We are extremely pleased to be partnering with EVA Air and to be helping their most loyal customers to enjoy more convenience and value when planning their next trip away. With Purchase Miles, members can ensure that their balance is ready for their next flight reward. Plus, if they take advantage of the service right now, they'll benefit from additional bonus miles; making vacation planning that bit easier so they can get away even sooner."
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MMC | Hot Stocks07:07 EST Socrates.ai, Mercer partner to improve employee experience - Socrates.ai announced its new partnership with Mercer. Under the terms of the relationship, the Mercer Belong platform will now automatically include Socrates.ai chat functionality to support all 150+ existing Belong customers as well as any new Belong customers moving forward. Mercer Belong will have the ability to serve as the "front door" for Belong customers' other applications such as Workday, ServiceNow, etc., through the chat experience supported in Belong.
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LII | Hot Stocks07:06 EST Lennox sees FY21 CapEx $135M - Sees FY21: Free cash flow of approximately $400M; Stock repurchases of $600M; An effective tax rate of approximately 20% on an adjusted basis for the full year.
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BYSI | Hot Stocks07:05 EST BeyondSpring announces new data on plinabulin - BeyondSpring Pharmaceuticals announced new data highlighting the mechanism of action of plinabulin in the prevention of chemotherapy-induced neutropenia, CIN, at the 63rd American Society of Hematology, ASH, Annual Meeting and Exposition. The data demonstrate that adding plinabulin to a myelosuppressive regimen rapidly reversed neutropenia and leukopenia in the PROTECTIVE-1 and -2 clinical studies by protecting progenitor stem cells in the bone marrow. "This clinical data provides evidence confirming the hypothesized progenitor stem cell protective mechanism of action for plinabulin, which further validates the positive Phase 3 data from the PROTECTIVE-2 clinical program. These data also build upon the rapid effect seen in clinical trials to date and support the opportunity for enhanced CIN prevention care with plinabulin," said Dr. Douglas Blayney, professor of medicine at Stanford University Medical School and global principal investigator for the CIN studies. "These data provide a strong rationale for combining plinabulin with pegfilgrastim, since the latter has a mechanism of action exerting CIN prevention in week 2 of the chemotherapy cycle while plinabulin shows a week 1 benefit. This early CIN benefit is critically important because these white blood cells are the body's main source of defense against infection. If a cancer patient gets an infection due to CIN, it may affect their ability to finish chemotherapy for cancer treatment." Poster Title: "Plinabulin Rapidly Reverses Myelosuppression Induced by Chemotherapy." Key Findings: This new data analysis from the PROTECTIVE-1 and 2 studies aimed to further evaluate plinabulin's fast onset mechanism of action and potential progenitor stem cell involvement in plinabulin's fast onset MoA. The comparison was made between cancer patients receiving plinabulin 40 mg or not receiving plinabulin, and with all patients receiving myelosuppressive chemotherapy. Plinabulin rapidly reversed chemo-induced myelosuppression in both the PROTECTIVE-1 and 2 human studies.
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LII | Hot Stocks07:05 EST Lennox sees FY22 CapEx $125M - Sees FY22: Free cash flow of approximately $400M; Stock repurchases of $400M; An effective tax rate of approximately 20% on an adjusted basis for the full year.
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ONCY | Hot Stocks07:05 EST Oncolytics' pelarecrep combination shows anti-leukemic effects in presentation - Oncolytics announced preclinical data demonstrating the synergistic anti-leukemic effects of pelareorep combined with the chemotherapeutic agent azacitidine. The data were featured in a poster presentation at the 2021 American Society of Hematology Annual Meeting from December 11-14 in Atlanta. Preclinical studies featured in the poster evaluated pelareorep in combination with azacitidine in acute myeloid leukemia cells in vitro and in a leukemia xenograft mouse model. Key data and conclusions from the poster include: compared to either treatment alone, treatment with pelareorep plus azacitidine led to a statistically significant reduction in tumor burden in a leukemia xenograft mouse model; compared to either treatment alone, treatment with pelareorep plus azacitidine led to a statistically significant synergistic enhancement of anti-leukemic activity against AML cell lines, a benefit that was confirmed in AML patient samples in vitro; the combination of pelareorep and azacitidine dramatically upregulated multiple genes known to drive anti-cancer immune responses such as IFNbeta1, BATF2, IL-12beta, CCL2, TLR3, and PD-L1.
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ENTG CCMP | Hot Stocks07:05 EST Entegris to acquire CMC Materials for $6.5B in cash and shares, sees accretion - Entegris (ENTG) and CMC Materials (CCMP) announced a definitive merger agreement under which Entegris will acquire CMC Materials in a cash and stock transaction with an enterprise value of approximately $6.5B. Under the terms of the agreement, CMC Materials shareholders will receive $133.00 in cash and 0.4506 shares of Entegris common stock for each share of CMC Materials common stock they own. The total per share consideration represents a 35% premium over CMC Materials' closing price on December 14 and a 38% premium to the 10-day volume weighted average share price. Upon completion of the transaction, Entegris shareholders will own approximately 91% of the combined company and CMC Materials shareholders will own approximately 9%. The transaction is expected to be significantly accretive to non-GAAP EPS within the first year post-closing. Entegris expects to realize $75M in run-rate cost synergies and $40M in CapEx synergies within 12 to 18 months from the closing of the transaction. Entegris is targeting pro forma adjusted gross leverage of approximately 4.0x at closing. The transaction is to be financed with a combination of equity issued to CMC Materials, new debt and cash on hand. Entegris has obtained fully committed debt financing. The transaction is not subject to a financing condition. The transaction is expected to close in the second half of 2022, subject to the satisfaction of customary closing conditions, including regulatory approvals and approval by CMC Materials shareholders.
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SNY... | Hot Stocks07:04 EST Sanofi, GSK report 'positive' preliminary booster data for COVID-19 vaccine - Sanofi (SNY) and GlaxoSmithKline (GSK) announced that a single booster dose of their recombinant adjuvanted COVID-19 vaccine candidate delivered consistently strong immune responses. Preliminary results from the VAT0002 clinical trial investigating the safety and immunogenicity of the booster showed neutralizing antibodies increased 9- to 43-fold regardless of the primary vaccine received - AstraZeneca (AZN), Johnson & Johnson (JNJ), Moderna (MRNA), Pfizer/BioNTech (PFE;BNTX) - and for all age groups tested, the companies said. The booster was well tolerated, with a safety profile similar to currently approved COVID-19 vaccines. "This is the most comprehensive booster trial to date to explore boosting across different vaccine technologies used for primary vaccination," according to the companies. The ongoing global Phase 3 trial, VAT0008, includes regular reviews by an independent Data Safety Monitoring Board. During its last review, the DSMB identified no safety concerns and recommended the trial to continue into early 2022 to accrue more data. Regulatory authorities require Phase 3 efficacy to be demonstrated in "naive" populations, i.e. participants who have never been infected by the COVID-19 virus. The Phase 3 trial recruited most participants in Q3 2021, coinciding with a significant increase in the number of people infected by the COVID-19 virus globally due to the Delta variant. To provide the necessary data to regulatory authorities for the booster vaccine submission, the trial will continue to accrue the number of events needed for analysis, with results expected in Q1, 2022.
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ONEW | Hot Stocks07:03 EST OneWater enters agreement ot acquire majority interest in Quality Boats - OneWater Marin announced that it has entered into a definitive agreement to acquire a majority interest, in Quality Boats.For the full calendar year 2021, Quality Boats is expected to generate approximately $140M in sales and $20M in EBITDA. The transaction is expected to be immediately accretive to OneWater. "We could not be more excited to welcome the Quality Boats team into the OneWater family. Their significant presence in one of the hottest boating markets in the US and commitment to quality are just a few of the reasons why Quality Boats is an award-winning dealership group and a fantastic fit for the OneWater family," said Austin Singleton, Chief Executive Officer for OneWater. The transaction is expected to close in the next 90 days, and is subject to usual and customary closing conditions. OneWater is anticipated to acquire an 80% interest in Quality Boats, while the Sellers, David and Dan Bair, will retain the remaining interest. OneWater has obtained an option to acquire the remaining 20% interest at a stated price, and at its sole discretion, for a period of five years.
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ATAI | Hot Stocks06:59 EST Atai Life Sciences: Apeiron, others to extend lock-up for pre-IPO shares - Atai Life Sciences announced that Apeiron Investment Group, the family office of its Founder and Chairman, Christian Angermayer, has decided to voluntarily extend its lock-up for all of its pre-IPO common shares for another 24 months, subject to limited exceptions. These shares represent approximately 17.4% of atai's outstanding common shares. In addition, other of atai's largest pre-IPO investors have similarly signed voluntary agreements, extending their respective lock-up restrictions for an additional 12 months, subject to limited exceptions. In the aggregate, these renewed lock-up agreements represent over 30% of atai's outstanding common shares and illustrate the confidence of atai's key shareholders in atai's platform and its potential to address the growing mental health crisis.
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MDT | Hot Stocks06:55 EST Medtronic receives warning letter from FDA regarding California facility - Medtronic announced it received a warning letter from the FDA on December 9 for the company's Northridge, California facility, the headquarters for its Diabetes Business. The warning letter was issued following an inspection that concluded in July related to recalls of the MiniMed 600 series insulin infusion pump, and a remote controller device for MiniMed 508 and Paradigm pumps. The warning letter focuses on the inadequacy ofspecific medical device quality system requirements at the Northridge facility in the areas of risk assessment, corrective and preventive action, complaint handling, device recalls, and reporting of adverse events.
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OCGN | Hot Stocks06:52 EST Ocugen's Covaxin vaccine candidate shows 'robust' immune memory to COVID-19 - Ocugen announced that data analyzing immune response following two doses of the vaccine candidate, Covaxin, from a third-party study were published on the preprint server, medRxiv. The data compared the immune memory response of 71 vaccinated and 73 naturally infected subjects with SARS-CoV-2, including variants of concern, for up to six months. The study found that Covaxin generated a "robust immune memory" against spike and nucleoprotein that was comparable to that following natural COVID-19 infection for the levels of antibodies, memory B cells and memory CD4+ T cells. Covaxin generated T-cells against both spike and nucleocapsid proteins in nearly 85% of subjects that persisted for at least 6 months. This data supports previous findings that Covaxin is able to induce long-term memory. Ocugen is currently evaluating Covaxin against the Omicron variant and plans to share the data as soon as they are available. Earlier this year, data from a Phase 3 trial that included nearly 25,800 participants ) demonstrated that Covaxin had 77.8% overall efficacy, 93.4% efficacy against severe illness and 65.2% efficacy against the Delta variant. Adverse events reported in the trial were low, with 12.4% of subjects experiencing commonly known side effects and less than 0.5% of subjects experiencing serious adverse events.
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KULR | Hot Stocks06:47 EST KULR Technology granted three-year battery safety deployment order - KULR Receives Three-Year Multi-Million Dollar Battery Safety Deployment Order from Volta Energy Products KULR Technology received a three-year multi-million dollar deployment order for its Passive Propagation Resistant solution suite from Volta Energy Products, a subsidiary of Viridi Parente. The PPR solution will be used for Volta's stationary and certain mobile lithium-ion battery power systems. The initial deployment order totals approximately $1.6M for immediate delivery with higher volume shipments expected throughout 2022 for KULR's PPR solution. This order represents KULR's first PPR order of commercial deployment in a stationary energy storage product.
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MRK | Hot Stocks06:46 EST Merck's VAXNEUVANCE approved by European Commission - Merck announced the European Commission has approved VAXNEUVANCE for active immunization for the prevention of invasive disease and pneumonia caused by Streptococcus pneumoniae in individuals 18 years of age and older. The approval allows marketing of VAXNEUVANCE in all 27 European Union Member States plus Iceland, Norway and Lichtenstein. The use of VAXNEUVANCE in the EU should be in accordance with official recommendations.
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ACN | Hot Stocks06:41 EST Accenture announces intent to acquire AFD.TECH, terms not disclosed - Accenture has announced its intent to acquire AFD.TECH, an independent network services company specializing in network engineering, operations and business services. Financial terms of the transaction are not being disclosed. This acquisition would add more than 1,600 highly skilled professionals to Accenture globally, along with multidisciplinary capabilities across engineering, design, deployment, and operation of next generation networks, such as 5G and fiber.
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TRMB | Hot Stocks06:36 EST Trimble acquires AgileAssets, terms undisclosed - Trimble announced it has acquired AgileAssets, a provider of enterprise infrastructure asset management software to private organizations and government, including national road authorities and state-level transportation agencies in the United States. AgileAssets' powerful Software-as-a-Service, or SaaS, asset management solutions provide organizations with advanced analytics for real-time decision making as well as insights for efficiently managing day-to-day maintenance operations. AgileAssets' solutions address the global challenges associated with maintaining and replacing aging transportation infrastructure. Financial terms were not disclosed.
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VRAY | Hot Stocks06:34 EST ViewRay receives FDA clearance for MRIdian features - ViewRay announced that the company received FDA 510(k) clearance for its next generation of MRI-guided radiation therapy features, focused on enhancing on-table adaptive workflow and expanding clinical utility. MRIdian A3i includes a suite of new features to streamline on-table adaptive workflow and provide the potential to reduce treatment times, along with a new brain treatment package expanding clinical utility into cranial stereotactic radiosurgery and stereotactic radiation therapy.
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NOG | Hot Stocks06:34 EST Northern Oil and Gas targets 3c dividend hike per quarter through end of 2023 - Northern Oil and Gas announced its dividend framework in which plans, assuming base commodity pricing or higher, to raise its common dividend by 3c or greater each quarter through year end 2023. Reference Link
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NILE | Hot Stocks06:32 EST BitNile authorizes stock repurchase program of up to $50M - BitNile has authorized a stock repurchase program under which BitNile may repurchase up to $50M of its outstanding common stock over a three-year period commencing December 15, 2021. The Rule 10b5-1 Plan will allow the company to execute trades during periods when it would ordinarily not be permitted to do so because it may be in possession of material non-public information, because of insider trading laws or self-imposed trading blackout periods. Under the Rule 10b5-1 Plan, the executing broker would have the authority, under the prices, terms and limitations set forth in the Rule 10b5-1 Plan, including compliance with Rule 10b-18 of the Exchange Act, to repurchase shares on the company's behalf. The company intends to finance the repurchases from several sources, including excess cash flow from operations, when available, existing cash from the company's balance sheet, and proceeds from future borrowing arrangements or financings. The repurchase program is for three years,
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DDAIF | Hot Stocks06:29 EST Mercedes-Benz Trucks, Einride sign order for battery-powered eActros - Following the production launch of the battery-powered eActros at the Worth am Rhein plant in October, Mercedes-Benz Trucks has already booked the first major order for 120 of the vehicles, the company said in a statement. The Swedish freight technology company Einride will roll out the fleet of eActros 300 and eActros 400 models to customers in key European markets. Mercedes-Benz Trucks will deliver the locally carbon-neutral vehicles for use in heavy-duty distribution operations starting in mid-2022. Karin Rundefineddstrom, Member of the Board of Management Daimler Truck Holding AG, responsible for the regions Europe and Latin America and the Mercedes-Benz Truck brand: "We have entered in a new, electric era in road haulage with the eActros. Our target is to electrify more than half of our new vehicles in Europe by 2030. This major order demonstrates that the eActros is the right vehicle and it strengthens us on our way to the complete decarbonization of the transport sector."
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KKR | Hot Stocks06:09 EST KKR acquires GBP 300M stake in PureGym - PureGym, a European gym operator, and KKR announced that KKR will make a GBP 300M equity investment in PureGym to support and fund PureGym's expansion plans. KKR will become a significant minority investor in the business alongside management and Leonard Green & Partners, who retain a majority ownership position, PureGym said in a statement.
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UUUU | Hot Stocks06:07 EST Energy Fuels executes MOU with NSP to develop REE metal-making technology - Energy Fuels announced the execution of a memorandum of understanding, or MOU, with Nanoscale Powders, or NSP, for the development of a novel technology for the production of rare earth element, or REE, metals. We believe this Technology, which was initially developed by NSP, and will be advanced by the company and NSP working together, has the potential to revolutionize the rare earth metal making industry by reducing costs of production, reducing energy consumption, and significantly reducing greenhouse gas, or GHG, emissions. Producing REE metals and alloys ("REE Metals") is a key step in a fully integrated REE supply chain, after production of separated REE oxides and before the manufacture of neodymium iron boron magnets used in electric vehicles, wind generation and other clean energy and advanced technologies. Under the MOU, the parties will negotiate and enter into binding agreements that govern the project, including the creation of a new entity that will hold an exclusive license to the technology as it relates to REE Metal making. The MOU contemplates a phased development of the project to scale-up to the production of 1,000 metric tons of one or more REE Metals per year. Energy Fuels will have the right to earn up to a 100% interest in the entity and Technology, as it relates to REE Metal making, by making the following capital investments: $250,000 within five business days after execution of the MOU; $250,000 within five business days after execution and delivery of the definitive agreements; $1M within five business days after execution and delivery of the definitive agreements to be applied to the project's 2022 budget and work plan and Energy Fuels will fund all future approved annual budgets as may be required for commercialization of the project, up to a maximum additional expenditure of $8.5M over three years, totaling $10M for the project. Upon the successful completion of the project and the $10M investment, Energy Fuels will control the exclusive rights to the entity and the technology as it relates to REE Metal making. Energy Fuels will also have the right to cease funding at various decision points during the Project, at which point Energy Fuels will hold a percentage of the new entity and Technology, proportional to its amount contributed. If Energy Fuels ceases funding prior to earning 100% of the Technology, NSP will have the right in certain circumstances to acquire Energy Fuels' interest in the entity and Technology by reimbursing Energy Fuels for its expenditures on the Project.
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CAN | Hot Stocks06:02 EST Canaan secures purchase order for 30,000 Bitcoin mining machines - Canaan announced that it has secured a purchase order from Genesis Digital Assets for 30,000 units of its Avalon Bitcoin mining machines. In August, Canaan granted Genesis Digital Assets an option to purchase up to 180,000 additional Bitcoin mining machines along with its original sales contract of 20,000 machines. The order represents the first phase of this option exercised by Genesis Digital Assets and is expected to be delivered in the first quarter of 2022.
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CONN | Hot Stocks06:02 EST Conn's authorizes $150M share repurchase program - Conn's has authorized a $150M share repurchase program for the company's outstanding stock. The authorization to repurchase expires on December 14, 2022. The program does not obligate the company to acquire any particular amount of stock, and the program may be discontinued or suspended at any time at the company's discretion. The company anticipates funding for this program to come from available corporate funds, including cash on hand and future cash flow, as well as from drawing on its revolving credit facility.
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IBM | Hot Stocks05:23 EST IBM, AIB enter EUR 65M three-year agreement - AIB, an Irish bank with positions across key segments, and IBM announced a EUR 65M three-year agreement designed to help deliver the bank's 2023 strategy by accelerating its ongoing digital transformation, meeting its commitment and providing a pathway to a hybrid cloud technology environment. Under the agreement, IBM will provide AIB with a next-generation IBM z15 compute platform along with an extensive technology portfolio which includes IBM's Cloud Pak solutions and the capability to deliver services leveraging Red Hat OpenShift. This will help AIB to sustain its high pace of digitalization and its focus on security and resilience.
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KD | Hot Stocks05:19 EST Kyndryl Holdings selected by Etihad Airways to modernize its IT structure - Etihad Airways, the national airline of the United Arab Emirates, or UAE, and Kyndryl announced a multi-year agreement to help accelerate the next stage of its digital transformation journey. Kyndryl will help Etihad modernize its IT infrastructure by facilitating the use of best-in-breed cloud platforms.
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RHHBY | Hot Stocks05:18 EST Roche launches first infectious disease tests on cobas 5800 System - Roche announced the launch of the first infectious disease tests on the cobas 5800 System, a new molecular laboratory instrument, in countries accepting the CE mark. These include cobas HIV-1, cobas HBV, cobas HCV, cobas HIV-1/HIV-2 Qualitative, and the cobas omni Utility Channel kit. These launches expand the Roche Molecular portfolio offering by providing standardized performance and efficiencies across low, medium and high volume molecular laboratory testing needs.
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QSR | Hot Stocks05:15 EST Popeyes, napaqaro announce exclusive master franchise and development agreement - Popeyes and French restaurant group, napaqaro, announced an exclusive master franchise and development agreement to develop and grow the Popeyes brand in France and Monaco, with plans to open hundreds of restaurants across multiple formats over the coming years. French guests can soon look forward to enjoying Popeyes products. The first Popeyes in France is set to open in 2022, with hundreds of restaurants expected to follow over the coming years.
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ESLT | Hot Stocks05:12 EST Elbit Systems awarded $350M contract to supply land systems - Elbit Systems announced that it was awarded a contract valued at approximately $350M to supply an array of land systems to an international customer. The contract will be fulfilled over a three-year period.
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BGNE | Hot Stocks05:11 EST BeiGene receives UK MHRA marketing authorization for Brukinsa - BeiGene announced that the United Kingdom Medicines and Healthcare products Regulatory Agency, or MHRA, has granted a marketing authorization for Brukinsa in Great Britain, for the treatment of eligible adult patients with Waldenstrom's macroglobulinemia, or WM, who have received at least one prior therapy or for the first-line treatment of eligible patients unsuitable for chemo-immunotherapy.
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AMBA | Hot Stocks05:08 EST Ambarella, Autobrains to develop range of ADAS solutions - Ambarella and Autobrains announced a collaboration to develop a scalable range of advanced driver assistance system, or ADAS, solutions for the automotive mass market that will be demonstrated during CES in Las Vegas. Currently, the companies have developed an 8MP front ADAS solution targeting a uniquely compact, single-box form factor. The companies are also working on solutions for the future, including a centralized domain control unit that can utilize multiple cameras and a variety of additional sensors, such as radar, lidar and others.
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