Stockwinners Market Radar for December 21, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
NIU | Hot Stocks20:43 EST Cathie Wood's ARK Investment bought 206K shares of Niu Technologies on Tuesday -
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HOOD | Hot Stocks20:43 EST Cathie Wood's ARK Investment bought 181.7K shares of Robinhood on Tuesday
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COIN | Hot Stocks20:42 EST Cathie Wood's ARK Investment bought 23.4K shares of Coinbase on Tuesday
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GILD | Hot Stocks19:20 EST Gilead announces clinical hold on studies of injectable Lenacapavir in HIV - Gilead Sciences "announced that the FDA has placed a clinical hold on the use of injectable lenacapavir in borosilicate vials in all ongoing clinical studies for HIV treatment and HIV pre-exposure prophylaxis. The FDA's clinical hold is due to emerging concerns about the compatibility of vials made of borosilicate glass with lenacapavir solution, which could potentially lead to the formation of sub-visible glass particles in the solution of lenacapavir. Dosing of oral formulations of lenacapavir will continue. The company remains confident about the future potential of lenacapavir and is committed to resolving this vial quality issue. During the clinical hold, screening and enrollment of study participants and the dosing of injectable lenacapavir will not be permitted across all lenacapavir studies. All other study activities, including the monitoring of participants and the dosing of participants in comparator arms, will continue according to the relevant study protocol."
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ALLK | Hot Stocks19:18 EST Allakos' phase 3 lirentelimab studies did not achieve statistical significance - Allakos announced that the "reported data from ENIGMA 2, a 24-week Phase 3 randomized, double-blind, placebo-controlled study of lirentelimab in patients with biopsy confirmed eosinophilic gastritis and/or eosinophilic duodenitis and KRYPTOS, a 24-week Phase 2/3 randomized, double-blind, placebo-controlled study of lirentelimab in patients with biopsy-confirmed eosinophilic esophagitis. Both ENIGMA 2 and KRYPTOS studies met their histologic co-primary endpoints, but did not achieve statistical significance on the patient reported symptomatic co-primary endpoints. The safety results of the trial were generally consistent with previously reported lirentelimab studies. No new safety signals were observed. Mild to moderate infusion-related reactions occurred in 34% of lirentelimab-treated patients and 14% of placebo-treated patients."
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BLDE | Hot Stocks18:50 EST Blade Air Mobility CEO: We're not a helicopter company - In an interview on CNBC's Mad Money, Rob Wiesenthal said although Blade flies helicopters, it's not simply a helicopter company. It's much more than that. Blade is all about urban air mobility, Wiesenthal added. Blade's job is to find high friction routes that take a long time by car and service them, he noted.
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SWX | Hot Stocks18:36 EST Arizona Corporation Commission clears transition of natgas service to Southwest - The Arizona Corporation Commission approved the transition of natural gas service in Graham County from Graham County Utilities Inc. to Southwest Gas at its open meeting Dec. 15. The transaction is expected to close in early January. The Commission's approval follows the October 2020 approval by GCU members of sale of the GCU gas distribution system to Southwest Gas. GCU determined selling the system to Southwest Gas would allow the system to be modernized, and would increase safety, meet regulatory standards and maintain affordability for GCU customers.
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ZI | Hot Stocks18:20 EST ZoomInfo COO sells $3.7M in common stock - In a regulatory filing, ZoomInfo disclosed that its COO Joseph Hays sold 60.8K shares of common stock for $3.72M on December 20th, reducing his stake by about 7%.
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CNI | Hot Stocks18:03 EST Canadian National says BC productivity nearly back to pre-washout levels - Canadian National announced that the productivity and capacity of its network in BC has nearly returned to pre-washout levels as crews continue to work around the clock. During the three-week period between November 14, 2021 and December 4, 2021, when CN's network was shut down, the company experienced 58 outages over a 150-mile stretch. The railroad mobilized over 400 employees and contractors and over 110 pieces of heavy equipment, operating 24 hours a day, seven days a week to get the rail line back into service. 282,000 cubic yards of rock, earth, and backfill materials were moved to rebuild damaged locations, the equivalent of over 25,000 truckloads. Despite significant setbacks, including a recent stoppage near Jasper and cold weather in the Prairies, operating metrics are pointing towards successful recovery efforts approximately two weeks after the network reopened. The company also worked closely with emergency management officials to provide assistance to British Columbians impacted by the weather. Working with partners, CN helped evacuate hundreds of stranded residents, brought urgent medical care to areas cut off by floods, and delivered much needed medical equipment to locations isolated by the water. CN also donated $100,000 to the Canadian Red Cross British Columbia floods and extreme weather appeal. CN was also able to use its exclusive access to the Port of Prince Rupert to move goods. Resources and staffing levels were increased to keep Canadian natural resources moving to markets as well as keeping consumer goods from overseas flowing to communities across North America.
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BB | Hot Stocks17:41 EST BlackBerry says current design strength due to leadership in auto - Says expects further sequential revenue growth. Says supply chain issues are easing. Comments taken from Q3 earnings conference call.
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CPT | Hot Stocks17:31 EST Camden Property CEO Campo sells 34,422 common shares - In a regulatory filing, Camden Property Trust chairman and CEO Richard Campo disclosed the sale of 34,422 common shares of the company on December 17 at a price of $173.93 per share.
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SYK | Hot Stocks17:30 EST Stryker awarded $491.84M Defense Logistics Agency contract - Stryker has been awarded a maximum $491.84M fixed-price with economic-price-adjustment, indefinite-delivery/indefinite-quantity contract for cardiovascular procedural packages and supplies. This was a sole-source acquisition using justification 10 U.S. Code 2304, as stated in Federal Acquisition Regulation 6.302-1. This is a five-year contract with no option periods. Location of performance is New Jersey, with a February 5, 2027, ordering period end date. Using customers are Army, Navy, Air Force, Marine Corps and federal civilian agencies. Type of appropriation is fiscal 2022 through 2027 defense working capital funds. The contracting activity is the Defense Logistics Agency Troop Support.
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RTX | Hot Stocks17:22 EST Raytheon Technologies awarded $578.31M Navy contract modification - Raytheon was awarded a $578.31M firm-fixed-price modification to a previously awarded contract to procure Standard Missile-2, or SM-2, production requirements including all up rounds, instrumentation kits, engineering services and spares; and to definitize the long-lead-material undefinitized contract action in support of the Navy and the governments of Korea, Denmark, Taiwan, Netherlands, Spain, Chile, Japan and Germany. This contract includes an option which, if exercised, would bring the cumulative value of this contract to $586,834,591. Work is expected to be complete by December 2026. The Naval Sea Systems Command is the contracting activity.
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VOYA... | Hot Stocks17:19 EST Voya Financial to replace CoreSite Realty in S&P 400 at open on 12/28 - American Tower (AMT) is acquiring CoreSite Realty (COR) in a deal expected to be completed soon pending final closing conditions.
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TAK | Hot Stocks17:03 EST Takeda Pharmaceutical receives CRL from FDA for TAK-721 - Takeda Pharmaceutical announced that it has received a Complete Response Letter from the U.S. FDA in response to its New Drug Application for TAK-721 for the treatment of eosinophilic esophagitis, a chronic inflammatory disease of the esophagus. The CRL indicates the FDA has completed its review of the TAK-721 NDA and determined that it cannot be approved in its present form. In addition, the FDA recommended an additional clinical study in order to help resolve FDA feedback. "We are disappointed by the outcome of the FDA's review of TAK-721, and that EoE patients will still be without a treatment option that the FDA has approved as safe and effective," said Ramona Sequeira, President, U.S. Business Unit and Global Portfolio Commercialization, Takeda. "Takeda is assessing the details of the CRL and evaluating a regulatory path forward."
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AGCO | Hot Stocks17:02 EST Agco to acquire Appareo Systems, terms undisclosed - Agco announced an agreement to acquire Appareo Systems. The acquisition is expected to close in January 2022. Appareo, based in Fargo, North Dakota, specializes in the research, development, design, and manufacture of tangible technology that utilizes A.I., mechatronics and electronics designed to deliver exceptional customer value. The solutions Appareo has delivered are focused on communication, monitoring, sensing, tracking and controlling devices and systems used in the agricultural and aviation industries as well as other off-road businesses. Agco intends to retain the Appareo team and maintain its operations in Fargo, North Dakota and Paris, France.
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NVAX | Hot Stocks17:02 EST Novavax initiates PREVENT-19 COVID vaccine Phase 3 trial booster study - Novavax announced that the first booster doses of NVX-CoV2373, the company's recombinant nanoparticle protein-based COVID-19 vaccine with Matrix-M adjuvant, have been administered in an extension of the company's PREVENT-19 pivotal Phase 3 clinical trial. The study will evaluate the safety and efficacy of a heterologous or homologous third dose of NVX-CoV2373. All PREVENT-19 trial participants are now eligible to receive a third booster dose of NVX-CoV2373. The booster dose is identical to the active vaccine previously administered to the participants in a two-dose regimen and may be administered at least six months after receipt of active vaccine. The primary endpoint is the first occurrence of polymerase chain reaction-confirmed mild, moderate or severe COVID-19 with onset at least seven days after the third vaccine dose. Two additional groups will be evaluated in this portion of the trial. Trial participants who initially received placebo and subsequently received a different COVID-19 vaccine are also eligible for a booster dose of NVX-CoV2373. Participants who were unblinded after initially receiving active vaccine and did not subsequently receive another vaccine will also be eligible to be boosted with NVX-CoV2373.
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ATKR | Hot Stocks17:01 EST Atkore acquires assets of Four Star Industries - Atkore announced the acquisition of the assets of Four Star Industries, a manufacturer of 1/2" - 6" High Density Polyethylene, or HDPE, conduit, primarily serving the telecommunications, utility, infrastructure and datacom markets. Four Star Industries is headquartered in Allendale, South Carolina with approximately 30 employees. It will continue operating at its current location. Terms of the sale are undisclosed.
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THO | Hot Stocks16:53 EST Thor Industries announces $250M share buyback authorization - THOR Industries announced that its Board of Directors has authorized the repurchase of up to $250M of its Common Stock. The repurchase authorization will expire December 21, 2024. "Our strong earnings growth positions us to drive value back to our shareholders. Given our current stock price, this buyback program offers the best vehicle to accomplish that objective. We believe there is a material misalignment between our value and our stock price. Given our favorable outlook on the industry and in our business, there is no better investment opportunity for THOR than its own shares at the current market price. " said Bob Martin, CEO of THOR Industries.
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NVAX | Hot Stocks16:45 EST Novavax says WHO's SAGE issues interim recommendations for COVID-19 vaccine - Novavax announced that the World Health Organization Strategic Advisory Group of Experts on Immunization has published its interim recommendations for use of NVX-CoV2373, Novavax' recombinant nanoparticle protein-based COVID-19 vaccine with Matrix-M adjuvant. The recommendations follow Emergency Use Listing of the vaccine by WHO, which will be manufactured and marketed as Nuvaxovid COVID-19 Vaccine by Novavax in Europe and other markets, and as COVOVAX in India and licensed territories by the Serum Institute of India Pvt. Limited. "This interim recommendation from WHO provides helpful guidance for the use of our COVID-19 vaccine as countries that rely on EUL begin their own assessment and underscores the critical role that we expect the vaccine will play in the global fight against the coronavirus," said Stanley C. Erck, President and Chief Executive Officer, Novavax. "We look forward to delivering our recombinant protein-based vaccine to hundreds of millions of people around the world in partnership with our partner, Serum Institute of India." WHO recommends the following: A 2-dose primary vaccination series of NVX-CoV2373 in persons aged 18 years and older administered 3-4 weeks apart, as well as administration of an additional dose of NVX-CoV2373 to immunocompromised persons between one and three months after dose 2 of the primary series; Use of the vaccine in specific populations, including persons with comorbidities, breastfeeding women, and those living with human immunodeficiency virus; Use of NVX-CoV2373 vaccine in pregnant women if the benefits of vaccination to the pregnant woman outweigh the potential risks; and coadministration of an inactivated seasonal influenza vaccine and any dose of NVX-CoV2373 is acceptable.
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TX | Hot Stocks16:37 EST Ternium looks to acquire participation in Mexico unit not owned directly - Ternium Seeks to Streamline its corporate Structure by offering to acquire the minority participation in Ternium Mexico that it does not own directly .Ternium announced a $1.0B offer to acquire from its publicly listed subsidiary Ternium Argentina a 28.73% participation in Ternium Mexico that Ternium does not own directly. Ternium currently owns directly 71.27% and 62.49% of Ternium Mexico and Ternium Argentina, respectively, and fully consolidates the assets, liabilities and results of operations of both companies. Ternium Argentina is listed in the Argentine Stock Exchange and its main non-Ternium shareholder is Argentina's national social security administration, with a 26.43% participation. No other shareholder has a participation in excess of 5% of Ternium Argentina's shares. The proposed transaction would be subject to, among other conditions, its approval by Ternium Argentina's shareholders meeting with the affirmative vote of 95% of the shareholders present and the simultaneous approval by Ternium Argentina of a dividend of $900M. "This transaction is primarily aimed at streamlining our corporate structure," said Ternium CEO Maximo Vedoya. "A simplified corporate structure contributes to a more straightforward management of our operations and an easier analysis by our stakeholders of our performance and results. We will continue looking for opportunities to add value to our shareholders." If approved by Ternium Argentina's shareholders meeting, the transaction is expected to close in the first quarter of 2022.
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KD | Hot Stocks16:33 EST Kyndryl Holdings recommends shareholders reject mini tender offer - Kyndryl Holdings received notification of an unsolicited "mini-tender" offer by TRC Capital to purchase up to 5M shares of Kyndryl's common stock, which is approximately 2.23% of the 224,136,041 shares outstanding as of November 11 at a price of $17.35 per share in cash. TRC's offer price is approximately 4.51% less than the closing price of Kyndryl's common stock on the New York Stock Exchange on December 10. Kyndryl does not endorse TRC's mini-tender offer and recommends that Kyndryl stockholders do not tender their shares in response to the offer because the offer is at a price below the current market price for Kyndryl's shares.
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MMI | Hot Stocks16:32 EST Marcus & Millichap names Mira Wolff chief HR officer - Marcus & Millichap announced that Mira Wolff has joined the firm as senior vice president and chief human resources officer. Wolff has over 25 years of experience in human resources management, advising numerous organizations on recruiting and retention of top talent, employee engagement, strategic planning, and technology-based training. Her experience includes all aspects of sourcing, onboarding, and integration involved in over 80 acquisitions. Hessam Nadji, president and CEO of Marcus & Millichap, stated: "MMI's long-term growth plan relies heavily on innovations related to training, employee and sales force productivity, engagement, and diversity. Mira's experience in these areas within the insurance industry, which has many similarities to real estate services, in addition to her background in the mortgage and technology industries, is invaluable."
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DIS | Hot Stocks16:31 EST Disney extends CFO Christine McCarthy's contract through June 30, 2024 - The Walt Disney Company has extended Christine McCarthy's contract as Senior Executive Vice President and CFO through June 30, 2024. It was announced by Bob Chapek, CEO. McCarthy is a 22-year veteran of the company and has served as CFO since 2015.
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MSGE | Hot Stocks16:30 EST MSG Entertainment names David Byrnes CFO - Madison Square Garden Entertainment Corp. announced that David F. Byrnes, a seasoned executive with nearly 30 years of finance experience, has been named Executive Vice President and Chief Financial Officer, effective January 24. In this role, Mr. Byrnes will work closely with MSG Entertainment's executive management team to support the long-term direction of the Company. He will provide strategic financial insight on all facets of the business and oversee the Company's financial matters, including the financial planning and analysis, controllership, treasury, investor relations, tax, and procurement functions. MSG Entertainment's current Executive Vice President and Chief Financial Officer, Mark H. FitzPatrick, will remain with the Company through April 1 to assist with the transition. Mr. Byrnes will report to Executive Chairman and Chief Executive Officer, James L. Dolan. Dolan said: "We are very pleased that David is joining MSG Entertainment at such a pivotal time for the Company. He brings a wealth of financial and operating experience in the media and entertainment industries, which will prove valuable as we continue to advance the Company's key initiatives. We also thank Mark for his contributions, and wish him well in his future endeavors."
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ACST | Hot Stocks16:26 EST Acasti Pharma jumps 26% to $1.40 after Opco starts with $6 price target
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KKR | Hot Stocks16:19 EST KKR announces 'record' total realized investment income in Q4 at $1.15B - KKR "announced a monetization activity update for the period from October 1, 2021 to December 21, 2021. Based on information available to us as of today, with respect to the period through December 21, 2021, KKR has earned total realized performance income, including realized incentive fees, and total realized investment income in excess of $1.15B, a record quarterly figure for KKR as a public company. This activity is driven primarily by strategic and secondary sale transactions that have closed quarter-to-date, dividend and interest income from KKR's balance sheet portfolio as well as incentive fees from KKR's hedge fund partnerships."
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NFE | Hot Stocks16:18 EST New Fortress Energy signs MoU with Mauritania - New Fortress Energy Inc. announced the execution of a Memorandum of Understanding with the Islamic Republic of Mauritania for the development of an Energy Hub, including natural gas, power, liquefied natural gas and blue ammonia, utilizing existing offshore gas reserves off the coast of Mauritania. Under the MOU, NFE will deploy its innovative "Fast LNG" liquefaction technology to produce LNG in the Atlantic coastal basin offshore Mauritania for local gas and power markets as well as international exports. NFE will supply natural gas to both the existing 180MW Somolec Power Plant and a new 120MW combined cycle power plant that will be developed. "The production of liquefied natural gas from these fields with our innovative Fast LNG liquefiers will help accelerate the global transition to cleaner fuels," said Wes Edens, Chairman and CEO of NFE. "Supply of natural gas and modern power infrastructure will also help bring more affordable, reliable and cleaner power to support industrial development and sustainable economic growth in Mauritania and, at the same time, unlock the country's potential to be a top exporter of clean LNG and blue ammonia." The MOU is non-binding on the parties and actual terms of any future definitive agreement may differ from the terms of the MOU.
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CAC | Hot Stocks16:15 EST Camden National raises quarterly dividend by 11% to 40c per share - The dividend is payable on January 31, 2022 to shareholders of record on January 14, 2022.
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MRM | Hot Stocks16:13 EST Medirom signs MOU with Juju to develop MOTHER Bracelet alliance - Medirom Healthcare announced that MEDIROM has signed a Memorandum of Understanding with Juju Holdings Kabushiki Kaisha an operator of home-based nursing care facilities in Japan, to form a business alliance to jointly develop a centralized management system utilizing the Company's MOTHER Bracelet, formerly known as MOTHER Tracker and hereinafter referred as "MOTHER Bracelet an activity tracker, in nursing facilities. The MOU provides a general foundation for the joint development of a central management system to allow Juju Holdings' staff to monitor the physical conditions, including certain vital health data, of residents through the use of MOTHER Bracelet . The centralized management system is intended to immediately notify nursing home facility management staff and family members of sudden changes in a resident's physical condition. Once this system has been developed, tested and established, it is intended for Juju Holdings to act as a sales agent and market MOTHER Bracelet , together with the centralized management system, to other nursing facilities in the industry. "We expect that the partnership with Juju Holdings will help accelerate the acceptance of MOTHER Bracelet n the nursing care industry," said Kouji Eguchi, CEO of MEDIROM. "In addition, the ability to receive feedback and data on the effectiveness of the system directly from the nursing care facilities operated by Juju Holdings will enable us to capture changes in system requirements at nursing facilities in order to make improvements to the centralized management system. By forming a business alliance between the Company and Juju Holdings, we aim to improve the working environment in the nursing care industry through the operation of MOTHER Bracelet , and lead to further development."
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SRE | Hot Stocks16:13 EST Sempra Energy to sell 10% stake in Sempra Infrastructure Partners - Sempra announced it has entered into a definitive agreement to sell a non-controlling 10% interest in Sempra Infrastructure Partners to a subsidiary of the Abu Dhabi Investment Authority for $1.785B in cash, subject to customary closing adjustments. This transaction implies an enterprise value for Sempra Infrastructure of $26.5B, including asset-related debt of approximately $8.6B. The transaction is expected to be completed in the summer of 2022, subject to customary closing conditions and consents from regulators. Under the terms of the agreement, ADIA will have certain customary minority rights with respect to Sempra Infrastructure, commensurate with the size of the investment. Proceeds from the sale will be used to help fund incremental capital expenditures at Sempra's utilities and repurchase $500M of the company's stock, of which $300M was completed in the fourth quarter of this year, while also supporting the company's balance sheet. The transaction is expected to be accretive to earnings as the proceeds are deployed.
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CAMP | Hot Stocks16:10 EST CalAmp drops 9% to $9.02 after Q3 results miss estimates
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EIGR | Hot Stocks16:08 EST Eiger BioPharmaceuticals says first patient enrolled in LIMT-2 - Eiger BioPharmaceuticals announced that the first patient has been enrolled in LIMT-2, a Phase 3 study of 48-week treatment with Peginterferon Lambda in patients with chronic hepatitis delta virus infection. LIMT-2 will include 50 sites across 13 countries and a target enrollment of 150 patients.
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AMEH | Hot Stocks16:08 EST Apollo Medical affiliate to acquire fully diluted capitalization of Jade Health - Apollo Medical Holdings announced that its affiliate, AP-AMH 2 Medical Corporation, has entered into a definitive agreement to acquire 100% of the fully diluted capitalization of Jade Health Care Medical Group, a primary and specialty care physicians' group focused on providing high-quality care to its local communities. The Company anticipates closing this transaction by the end of the Q2 of 2022 and will fund the transaction from cash on hand. Primarily serving patients in the San Francisco Bay Area in Northern California, Jade Health is a risk-bearing organization that has successfully provided culturally competent, linguistically appropriate, professional services to members in its local communities since 2016. The transaction will add approximately 13,000 members, primarily located in the City and County of San Francisco and San Mateo County, to ApolloMed's membership under capitated arrangements. In addition, Jade Health and its providers will onboard onto ApolloMed's technology and operations MSO platform by the close of the transaction.
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BKTI | Hot Stocks16:07 EST BK Technologies expects to close FY21 with record bookings of over $54M - BK Technologies announced that the company expects to close out FY21 with record bookings of over $54M. The company expects to ship and realize revenue from these bookings in 2021 and the first half of 2022. John Suzuki, CEO of BK Technologies, commented, "We continue to see tremendous demand and order activity for our portable communications technology, particularly for the BKR 5000, culminating in the highest level of bookings in the company's history. I couldn't be more proud of the team. This is a testament to the strength of our product line, customer service and sales team as the marketplace embraces our new products to enhance their communications solutions."
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CAMP | Hot Stocks16:07 EST CalAmp says visibility into product shipments still remains uncertain - The company is maintaining its policy of not providing quarterly guidance. Visibility into product shipments still remains uncertain due to the global component supply shortages coupled with the timing of Chinese New Year in February.
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PIK | Hot Stocks16:07 EST Kidpik reports Q3 active subscriptions up 55.7% to $11.5M - Q3 New Subscriptions increased 14.9% to $2.7M and Total Subscriptions: increased 45.8% to $14.2M or 85.5% of total revenue.
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NVRO | Hot Stocks16:06 EST Nevro announces settlement of patent lawsuit with Nalu Medical - Nevro announced the settlement of its patent lawsuit with Nalu Medical. In February 2020, Nevro filed a patent lawsuit against Nalu Medical, accusing Nalu Medical of infringing Nevro's patents directed to high frequency spinal cord stimulation therapy. As part of the litigation, Nevro was seeking injunctive relief to prevent Nalu from commercializing certain high frequency spinal cord stimulation therapies. Nalu represents that it does not currently offer SCS therapy that contains high frequency waveforms, nor does it have plans to commercialize high frequency waveforms in the future and, on that basis, the parties reached a mutual agreement that avoids the expense of any further litigation.
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AIR | Hot Stocks16:06 EST AAR Corp. announces $150M stock repurchase plan - AAR Corp. announced that its board of directors authorized a renewal of its stock repurchase program. The authorization permits the repurchase of up to $150M of the company's common shares.
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BRTX | Hot Stocks16:06 EST BioRestorative in CRO pact with PRC Clinical for BRTX-100 trial for disc disease - BioRestorative Therapies announced it has entered into a Master Service Agreement with PRC Clinical, a contract research organization, CRO, specializing in clinical trial management to conduct BioRestorative's Phase 2 clinical trial. PRC Clinical is an all-inclusive CRO and has specialized expertise across regenerative medicine, CNS, ophthalmology, pulmonary and COVID-19, rare and orphan disease and more complex indications. Their innovative approach to executing studies for biotech and pharmaceutical companies combines high-touch human elements and cutting-edge technology with extensive experience and deep therapeutic knowledge. Pursuant to the agreement, PRC Clinical will manage BioRestorative's Phase 2 clinical study of BRTX-100, the Company's lead clinical product to treat chronic lumbar disc disease. "This is a significant milestone in our mission to develop cell-based therapeutics and to become a clinical stage company. We believe that PRC's renowned expertise in conducting clinicals trials and their use of innovative technology makes them an excellent CRO to partner with," said Lance Alstodt, Chief Executive Officer of BioRestorative Therapies. "This is the most meaningful step the Company has taken to initiate our clinical trial. We should now expect a host of developments pertaining to the advancement of our clinical trial, ultimately leading to the read out of our primary endpoints."
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KRMD | Hot Stocks16:05 EST Koru Medical gets FDA 510(k) clearance for use of REEDOM60 - Repro Med Systems, dba KORU Medical Systems, announced FDA 510(k) clearance that expands on-label use of the FREEDOM60 Infusion System to two additional subcutaneous Ig medications, Cutaquig, manufactured by Octapharma, and Xembify, manufactured by Grifols. CEO Linda Tharby states: "We are excited to announce another milestone for KORU Medical as we seek to further improve patients' quality of life through the development and delivery of high-quality therapeutic drug delivery in the home. Having the FREEDOM60 Infusion System cleared for use with Xembify and Cutaquig allows patients and providers additional options for life enhancing subcutaneous immunoglobulin therapy treatment in the home with a system that has broad patient and healthcare worker adoption. KORU Medical's Freedom Infusion System is specifically cleared for use with more SCIg drugs than any other system. Adding Xembify and Cutaquig to our label, in addition to our recent FDA 510(k) clearance for use of Hizentra(R) prefilled syringes with the FreedomEdge(R), extends KORU Medical's leadership position in the growing SCIg market."
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LGND GSK | Hot Stocks16:03 EST Ligand, GlaxoSmithKline expand collaboration and license agreement - Ligand Pharmaceuticals (LGND) "announced the expansion of an existing collaboration and license agreement between its subsidiary, Icagen, and GlaxoSmithKline (GSK). The expansion will leverage Icagen's ion-channel-based discovery technology and unique expertise in small molecule therapeutics targeting transmembrane proteins. This new agreement builds upon the initial December 2020 agreement to identify and develop inhibitors of a specific genetically-validated molecular target relevant to neurological diseases. In addition to all payments available under the original 2020 collaboration and license agreement, under the terms of the expanded collaboration and license agreement, Ligand will receive an upfront payment of $10M and is eligible for development and regulatory milestones up to $67.5M. Furthermore, should the potential new medicine receive regulatory approval in major markets, the deal provides for commercial milestone payments to Ligand of up to $60M at first commercial sale, and up to $120M in sales-related milestone payments. Ligand will receive tiered royalties on net sales of any drug that is commercialized by GSK. Ligand will be responsible for most preclinical activities up to lead optimization, with Ligand and GSK collaborating to identify candidates for entry into IND-enabling studies. GSK has the exclusive option to license any identified molecules and will be responsible for the further development and commercialization of any drug candidates identified through the collaboration."
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NXST | Hot Stocks16:01 EST Nexstar launches NEXTGEN TV at WHTM-TV in Harrisburg, PA - Nexstar Media Group announced that WHTM-TV, the Nexstar television station serving Harrisburg, Pennsylvania, has begun broadcasting with NEXTGEN TV, a revolutionary new digital broadcast technology, powered by ATSC 3.0. Harrisburg is Nexstar's 17th market to begin broadcasting with ATSC 3.0 in 2021. Over the course of the year, Nexstar deployed ATSC 3.0 at 25 of its local television stations; close to 30% of all U.S. television households now receive a NEXTGEN TV signal from a Nexstar-owned or -operated station. NEXTGEN TV brings a whole new dimension to the television viewing experience, with brilliant video and enhanced audio. Based on the same fundamental technology as the Internet, digital applications, and other web services, NEXTGEN TV can support a wide range of features such as immersive audio and video datacasting, broadcasting to mobile devices, personalized viewing tools, and advanced emergency alerts. Nexstar is a participant in BitPath, a broadcaster-supported consortium creating a network for datacasting, with services launching in 2022. Nexstar's ATSC 3.0 television stations plan to participate in the BitPath broadcast data network.
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ISPC | Hot Stocks15:20 EST iSpecimen Inc trading resumes
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BKKT | Hot Stocks15:18 EST Bakkt announces Manasquan Bank participating in early adopter program - Bakkt Holdings announced earlier that Manasquan Bank, a NJ-based mutual community bank with total consolidated assets of $2.7 billion, will be participating in its early adopter program, which, when effective, will allow the bank's retail clients to buy, sell and hold cryptocurrency through the bank's mobile banking app. "Manasquan Bank will be making cryptocurrency access simple and approachable within the digital banking environment their clients know and trust, while ensuring the bank is participating in this expanding space with the opportunity to break into new audience segments. Bakkt's modern digital asset platform allows banks to plug and play a crypto buy/sell/hold module which provides end clients with a seamless set up and quick access to multiple cryptocurrencies. Bakkt leverages a regulatory-first approach to safely and securely custody these assets... Bakkt's early adopter program is anticipated to launch in Q2 2022 and the bank's participation is contingent upon the adoption by the bank's core financial service provider," Bakkt stated.
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ISPC | Hot Stocks15:15 EST iSpecimen Inc trading halted, volatility trading pause
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A | Hot Stocks14:38 EST Agilent CEO McMullen sells 123,459 common shares - In a regulatory filing, Agilent CEO and president Michael McMullen disclosed the sale of 123,459 common shares of the company on December 20 at a price of $148.82 per share.
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MOGO | Hot Stocks14:29 EST Mogo announces launch, phased rollout of MogoTrade - Mogo announced the launch and phased rollout of MogoTrade, a stock trading app that it says "sets a new bar for commission-free trading in Canada." The MogoTrade app is now available for download through the App Store and on Google Play. Members get immediate access to free live-streaming stock prices and will be added to the waitlist for access to the commission-free trading feature, which is being released in a phased rollout through Q1 2022, the company said. Greg Feller, President of Mogo, said: "This is the most significant new product in our history and a major growth milestone for Mogo. MogoTrade, which is only the second commission-free stock trading app in Canada, gives us access to a large and quickly growing market. Canadians have over $8 trillion in financial assets, including more than $3 trillion in equities, mutual funds and ETFs, and our goal is to give them the best digital tools to better manage and grow their wealth. We expect this will be an important driver of member growth and engagement as we move through 2022."
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VALN | Hot Stocks13:19 EST Valneva announces result of vaccine candidate trial met primary endpoint - Valneva announced positive topline results from the lot-to-lot Phase 3 trial of its single-shot chikungunya vaccine candidate, VLA1553. The VLA1553-302 trial met its primary endpoint, demonstrating that three consecutively manufactured vaccine lots elicited equivalent immune responses measured by neutralizing antibody titer GMT ratios on Day 29 after vaccination. Lot-to-lot trials demonstrate manufacturing consistency, one of the standard requirements for vaccine licensure. The trial, which included 408 participants aged 18 to 45 years, confirmed the excellent immunogenicity profile demonstrated in the pivotal Phase 3 trial, VLA1553-301. All three lots were equally well tolerated and the safety profile was consistent with results in the pivotal Phase 3 trial. Study VLA1553-302 therefore confirmed clinical equivalence as well as manufacturing consistency of the three lots. Juan Carlos Jaramillo, Chief Medical Officer of Valneva commented, "We are extremely pleased with these lot-to-lot Phase 3 data, which come in addition to the compelling pivotal Phase 3 results we reported in August. The lot-to-lot data will be part of our submission with the US Food and Drug Administration , which we plan to start in 2022. Chikungunya is a major, growing and unmet public health threat, yet no vaccine or specific treatment is currently available to prevent this debilitating disease. We will continue to work assiduously to bring VLA1553 to market as soon as possible." The lot-to-lot trial will continue towards final six-month analysis with final trial results expected in the second quarter of 2022. Valneva's chikugunya program was awarded Breakthrough Therapy Designation by the US FDA in July 2021. This new milestone followed the US FDA's Fast Track designation and the European Medicines Agency's PRIME designation which the Company received in December 2018 and in October 2020, respectively. The sponsor of the first chikungunya vaccine Biologics License Application to be approved in the U.S. will be eligible to receive a Priority Review Voucher .
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SNY | Hot Stocks13:03 EST Sanofi to acquire Amunix Pharmaceuticals for $1B upfront, up to $225M more - Sanofi announced earlier today that it has entered into an agreement to acquire Amunix Pharmaceuticals, which it identifies as "an immuno-oncology company leveraging its proprietary, clinically validated XTEN and innovative universal protease-releasable masking technology platform, Pro-XTENTM, to discover and develop transformative T-cell engagers and cytokine therapies for patients with cancer." Sanofi said: "Amunix's pipeline, which includes lead candidate, AMX-818, a masked HER2-directed TCE, offers a strong strategic fit with Sanofi's focus on developing potentially transformative cancer therapies in immuno-oncology." Under the terms of the agreement, Sanofi will acquire Amunix for an upfront payment of approximately $1B and up to $225M upon achievement of certain future development milestones. "The acquisition supports Sanofi's efforts to accelerate and expand its contributions to innovative medicines for oncology patients, with approximately 20 molecules currently in development," the company added. The closing of the transaction is subject to expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other customary closing conditions. Sanofi expects to complete the acquisition in Q1 of 2022.
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AAPL | Hot Stocks12:59 EST Apple upgraded to Aaa from Aa1 by Moody's; outlook stable - Moody's Investors Service upgraded Apple Inc.'s senior unsecured rating to Aaa, from Aa1, and affirmed its Prime-1 rating for commercial paper. The ratings outlook is stable. Moody's analyst Raj Joshi said, "The upgrade of Apple's rating to Aaa reflects the company's exceptional liquidity, robust earnings that we expect will continue to grow over the next 2 to 3 years, and its very strong business profile. Apple's ecosystem of products and services provides enhanced revenue visibility over time despite some level of volatility that is inherent in its business from product introduction cycles."
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RIO | Hot Stocks12:06 EST Rio Tinto to acquire Rincon Mining lithium project for $825M - Rio Tinto has entered into a binding agreement to acquire the Rincon lithium project in Argentina from Rincon Mining, a company owned by funds managed by the private equity group Sentient Equity Partners, for $825M. The company said, "Rincon is a large undeveloped lithium brine project located in the heart of the lithium triangle in the Salta Province of Argentina, an emerging hub for greenfield projects. The project is a long life, scaleable resource capable of producing battery grade lithium carbonate. It has the potential to have one of the lowest carbon footprints in the industry that can help deliver on Rio Tinto's commitment to decarbonise its portfolio." Once acquired by Rio Tinto, the Rincon project will be subject to the completion of studies to confirm the resource and define an Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2012 compliant resource statement. Work will be undertaken to determine the development strategy and timing, secure updates to existing Environmental Impact Assessment Permits to allow development and production, and undertake ongoing engagement with communities, the province of Salta and the Government of Argentina. This consultation process will ensure we build a world class operation in the province of Salta. The direct lithium extraction technology proposed for the project has the potential to significantly increase lithium recoveries as compared to solar evaporation ponds. A pilot plant is currently running at the site and further work will focus on continuing to optimise the process and recoveries. The market fundamentals for battery grade lithium carbonate are strong, with lithium demand forecast to grow 25-35% per annum over the next decade with a significant supply demand deficit expected from the second half of this decade. As the project is currently held through an Argentine branch of an Australian company, completion of the transaction is conditional upon approval by Australia's Foreign Investment Review Board. Subject to this FIRB approval, the transaction is expected to be completed in 1H22.
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JNJ | Hot Stocks12:04 EST FDA approves two new indications for J&J's Xarelto - Johnson & Johnson's Janssen Pharmaceutical announced today that the Food and Drug Administration has approved two pediatric indications for Xarelto: the treatment of venous thromboembolism and reduction in the risk of recurrent blood clots in patients from birth to less than 18 years after at least five days of initial parenteral anticoagulant treatment; and thromboprophylaxis in children aged two years and older with congenital heart disease who have undergone the Fontan procedure. Xarelto is the only direct oral anticoagulant FDA-approved for primary prevention of clots in pediatric patients following the Fontan procedure and the only DOAC in the U.S. to offer an oral suspension formulation for flexible, body weight-adjusted dosing options for pediatric patients, the company added. Reference Link
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LOCL | Hot Stocks12:00 EST Local Bounti falls -9.5% - Local Bounti is down -9.5%, or -61c to $5.83.
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CTV | Hot Stocks12:00 EST Innovid falls -13.9% - Innovid is down -13.9%, or -$1.13 to $7.02.
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XL | Hot Stocks12:00 EST XL Fleet falls -15.2% - XL Fleet is down -15.2%, or -56c to $3.15.
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TMST | Hot Stocks12:00 EST TimkenSteel rises 13.0% - TimkenSteel is up 13.0%, or $1.81 to $15.70.
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RAD | Hot Stocks12:00 EST Rite Aid rises 15.2% - Rite Aid is up 15.2%, or $1.88 to $14.28.
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ERJ | Hot Stocks12:00 EST Embraer rises 16.7% - Embraer is up 16.7%, or $2.32 to $16.22.
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JAGX | Hot Stocks11:59 EST Jaguar Health receives conditional FDA approval for Canalevia-CA1 in dogs - Jaguar Health's CANALEVIA-CA1 is conditionally approved for the treatment of chemotherapy-induced diarrhea in dogs, the FDA said. "The mechanism of action of crofelemer in dogs is not fully characterized. However, the drug is approved for use in people to treat non-infectious diarrhea in adults with HIV/AIDS who take anti- retroviral therapy." CANALEVIA-CA1 is labeled for a total daily dose of 250 mg for dogs weighing up to 140 pounds and 500 mg for dogs weighing more than 140 pounds. Reference Link
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CIA | Hot Stocks11:38 EST Citizens appoints Gerald Shields as CEO - Citizens announced that Gerald Shields has been appointed CEO effective on January 1, 2022. Mr. Shields has served as Interim Chief Executive Officer since August of 2020 and has been a member of the Board of Directors since 2017. Mr. Shields will remain on the Board and continue to serve as Vice-Chairman, a position he assumed in February of 2020
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PPG | Hot Stocks11:21 EST PPG announces $2.7M investment for powder coatings expansion in Brazil - PPG announced an investment of $2.7M to expand its powder coatings manufacturing capabilities at its facility in Sumare, in the Brazilian state of Sao Paulo. The project will increase the plant's production capacity for powder coatings by approximately 40%, beginning in the third quarter of 2022. The site expansion will include new equipment that will help to further PPG's distribution of powder coatings, a highly sustainable product offering with enhanced durability, transfer efficiency and the ability to be reclaimed or reused during application. The investment aligns with PPG's goal to have 40% of its sales by 2025 from sustainably advantaged products, while also increasing production capacity to meet growing customer demand in Brazil and other South American countries. The Sumare plant serves the home appliance, agriculture, transportation and general finishing industries, which encompass steel furniture, storage structures, gym equipment, electrical panels and power transformers.
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K | Hot Stocks11:17 EST Kellogg says new five-year agreement reached for U.S. RTEC employees - Kellogg Company announced that employees have ratified the tentative agreement for a master contract at our four U.S. cereal plants in Battle Creek, Mich., Omaha, Neb., Lancaster, Pa. and Memphis, Tenn. Kellogg said in a statement that "The contract covers approximately 1,400 union-represented employees, all of whom are welcome back to work." "We are pleased that we have reached an agreement that brings our cereal employees back to work," said Steve Cahillane, Chairman and CEO. Employees will return to work the week of December 27, Kellogg said.
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SAIA DDAIF | Hot Stocks10:59 EST Saia partners with Daimler Trucks North America to test electric box vehicle - Saia announced that Saia LTL Freight has partnered with Daimler Trucks North America to test a battery electric Freightliner eM2 box truck in its Portland, Oregon pickup and delivery operations to see how the vehicle performs as part of a working, real-world fleet functioning in a commercial environment. Saia sits on DTNA's Electric Vehicle Customer Council and is evaluating how electric vehicles can support the company's sustainability goals. Saia is charging the box truck at a local commercial charging station, the first of its kind in the U.S. It was the result of a partnership formed by DTNA and Portland General Electric. Electric Island, as it has been dubbed, opened last spring to allow medium and heavy-duty electric commercial trucks, vehicles capable of moving up to 80,000 pounds at highway speeds, to charge.
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SOPA | Hot Stocks10:57 EST Society Pass Inc trading resumes
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SOPA | Hot Stocks10:52 EST Society Pass Inc trading halted, volatility trading pause
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K | Hot Stocks10:35 EST Kellogg worker union approves new contract agreement - The Bakery, Confectionery, Tobacco Workers and Grain Millers' International Union confirmed that a tentative agreement has been accepted by its union body regarding Kellogg's contract.
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AERC | Hot Stocks10:35 EST AERC Stock trading resumes
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AERC | Hot Stocks10:30 EST AERC Stock trading halted, volatility trading pause
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MSFT NUAN | Hot Stocks10:17 EST EU unconditionally approves acquisition of Nuance by Microsoft - The European Commission has approved unconditionally, under the EU Merger Regulation, the proposed acquisition of Nuance Communications (NUAN) by Microsoft (MSFT). The Commission concluded that the transaction would raise no competition concerns in the European Economic Area. Based on its market investigation, the Commission found that the transaction, as notified, would not significantly reduce competition in the transcription software, cloud services, enterprise communication services, customer relationship management, productivity software and PC operating systems markets.Reference Link
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MA MCD | Hot Stocks10:03 EST MasterCard to acquire McDonald's personalization platform Dynamic Yield - Mastercard (MA) and McDonald's (MCD) announced earlier an agreement for Mastercard to acquire McDonald's "state-of-the-art personalization platform and decision engine company," Dynamic Yield. Dynamic Yield's technology is "a natural addition to Mastercard's existing suite of services that help brands deliver more effective and trusted customer experiences across channels," the company stated. McDonald's purchased Dynamic Yield in 2019 and under McDonald's ownership, Dynamic Yield doubled its revenue and expanded its customer base across verticals, the companies said. To date, Dynamic Yield's technology has been deployed to McDonald's drive-thrus and ordering kiosks in several markets around the world. The transaction is anticipated to close in the first half of 2022, "with the strength and talent of the extended Dynamic Yield team ensuring consistency for its customers throughout the process," Mastercard said. Upon close, current chief technology officer Ori Bauer will take the helm as CEO. Liad Agmon, current CEO, will stay on in an advisory capacity. The transaction is subject to customary closing conditions. Terms of the agreement were not disclosed.
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CLVR | Hot Stocks10:02 EST Clever Leaves announces licensing of expanded facilities by INFARMED - Clever Leaves announces the official licensing of its expanded greenhouse facilities by the Portuguese regulatory health authority, INFARMED, I.P. With the preexisting facilities licensed in August 2020, this new milestone extends the licensed cultivation footprint by approximately 150,000 square feet, more than doubling the facility's original licensed cultivation capacity to a total of nearly 260,000 square feet of cultivation as well as supporting post-harvest and other activities. As an extension of the existing license for Clever Leaves' Portuguese facilities, the newly obtained license from INFARMED provides the capacity not only to increase commercial production at a higher quality standard, but also for enhanced research and development capabilities, including the stabilization of new strains and the continued improvement of current products through applied research. Thus far, Clever Leaves has exported from their Portuguese facilities to the United Kingdom, Australia, the United States, and Israel, each with distinct product requirements and specifications. The additional greenhouse space will enable further tailoring of cultivation efforts toward country-specific regulations, both increasing previous export capability and diversifying exports geographically. Included in the list of capabilities in the new facilities are enhancements to temperature control, moisture management, lighting, and carbon dioxide injection. Production in the newly licensed facilities has begun, with first commercial production expected to be market ready as early as the second or third quarter of 2022. Construction continues on Clever Leaves' expansion of its Portuguese post-harvest capabilities, which is anticipated to be operational by the end of 2022.
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EPAC | Hot Stocks10:00 EST Enerpac Tool falls -4.8% - Enerpac Tool is down -4.8%, or -$1.05 to $20.82.
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XL | Hot Stocks10:00 EST XL Fleet falls -5.9% - XL Fleet is down -5.9%, or -22c to $3.49.
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NTZ | Hot Stocks10:00 EST Natuzzi falls -8.4% - Natuzzi is down -8.4%, or -$1.19 to $13.01.
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RAAS | Hot Stocks10:00 EST Cloopen rises 10.2% - Cloopen is up 10.2%, or 30c to $3.23.
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ERJ | Hot Stocks10:00 EST Embraer rises 13.7% - Embraer is up 13.7%, or $1.90 to $15.80.
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RAD | Hot Stocks10:00 EST Rite Aid rises 14.6% - Rite Aid is up 14.6%, or $1.81 to $14.21.
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SAVA | Hot Stocks10:00 EST Cassava Sciences trading resumes
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FAZ | Hot Stocks09:47 EST Direxion Financial Bear 3x falls -4.2% - Direxion Financial Bear 3x is down -4.2%, or -91c to $20.64.
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IRT | Hot Stocks09:47 EST Independence Realty Trust falls -4.1% - Independence Realty Trust is down -4.1%, or -99c to $22.87.
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SOXS | Hot Stocks09:47 EST Direxion Daily Semiconductor Bear 3X Shares falls -6.3% - Direxion Daily Semiconductor Bear 3X Shares is down -6.3%, or -26c to $3.87.
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MTL | Hot Stocks09:47 EST Mechel rises 9.8% - Mechel is up 9.8%, or 29c to $3.25.
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ERJ | Hot Stocks09:47 EST Embraer rises 10.9% - Embraer is up 10.9%, or $1.52 to $15.42.
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IH | Hot Stocks09:47 EST iHuman rises 11.4% - iHuman is up 11.4%, or 31c to $3.03.
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BFRI | Hot Stocks09:47 EST Biofrontera Inc trading resumes
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MIRO | Hot Stocks09:46 EST MiroMatrix Medical Inc trading resumes
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BFRI | Hot Stocks09:42 EST Biofrontera Inc trading halted, volatility trading pause
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MIRO | Hot Stocks09:41 EST MiroMatrix Medical Inc trading halted, volatility trading pause
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GIS | Hot Stocks09:39 EST General Mills says FY22 guidance reflects continued supply chain disruptions - Says feels "really good" about cereal business. Expects improvement off margin decline in Q2 in Q3 and Q4. Does not expect supply chain issues to improve in FY22. Says most categories are strengthening, continue to take market share. Expects service levels in 2H22 to be similar to 1H22. Comments taken from Q2 earnings conference call.
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NAKD | Hot Stocks09:36 EST Naked Brand Group shareholders approve acquisition of Cenntro - Naked Brand Group announced that at an extraordinary general meeting of shareholders held at 10:00am (AEDT), Tuesday, December 21, 2021 / 6:00pm, Monday, December 20, 2021, its shareholders overwhelmingly approved the acquisition of Cenntro Automotive Group Limited, Cenntro Automotive Corporation, and Centro Electric Group, a commercial EV technology company. A total of 210,228,094 ordinary shares of the Company were voted, representing approximately 20.6% of the shares of the Company's ordinary shares issued and outstanding as of the close of business on December 20, 2021. The Proposed Transaction remains subject to, among other closing conditions, Nasdaq having approved the initial listing application in connection with the Proposed Transaction. The Company currently anticipates the Proposed Transaction to close by year end of 2021.
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VUZI | Hot Stocks09:35 EST Vuzix receives follow-on order for Vuzix Smart Glasses from AMA - Vuzix announced the Company has received a recent further follow-on purchase order for Vuzix Smart Glasses for immediate delivery from AMA, a Vuzix Value-Added Reseller and pioneer in remote assistance solutions.
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BP LNDNF | Hot Stocks09:35 EST Aker BP, Lundin Energy to combine oil and gas businesses - Aker BP and Lundin Energy AB (LNDNF) jointly announced that Aker BP ASA and Lundin Energy AB have entered into a transaction agreement pursuant to which Aker BP shall combine its business with Kommstart 157 AB, a newly established Swedish public limited liability company currently wholly-owned by Lundin Energy, which at the time of completion of the merger shall consist of inter alia all of Lundin Energy's oil and gas related assets. The combination shall be made through a statutory merger, whereby the merged company will become the second largest oil and gas producer on the Norwegian Continental Shelf, the companies stated. The merger will be implemented by Aker BP absorbing Kommstart 157, the companies said. Reference Link
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SVFD | Hot Stocks09:34 EST Save Foods initiates commercial program with Agrinet in Mexico - Save Foods announced it has initiated a commercial program in conjunction with Agrinet S. A. an agritech consultancy firm expert in introducing new products in Mexico. The program will initially include three packing house companies in Mexico that export to the United States and elsewhere worldwide, and Save Foods' solutions will initially be applied to citrus, avocado, bell peppers and tomatoes.
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SAVA | Hot Stocks09:33 EST Cassava Sciences says Neuroscience found no evidence of data manipulation - Cassava Sciences has been informed by Neuroscience journal there is no evidence to support claims of data manipulation in a 2005 paper authored by the Company and its scientific collaborators. Neuroscience is a prestigious academic journal whose mission is to report "significant, new and carefully confirmed findings with full experimental details." In August 2021, a law firm representing admitted short sellers submitted a Citizen Petition to the U.S. Food and Drug Administration that alleges, among other things, data manipulation in scientific articles authored by Cassava scientists, including the 2005 Neuroscience article. In response to this and similar online allegations, Neuroscience requested raw data for the 2005 article, including images of original, uncropped Western blots. Having completed a careful examination of the data, on December 20, 2021, Neuroscience published on-line the following Editorial Note: "In response to allegations of data manipulation in an article published in Neuroscience Vol 135, Issue 1, 2005, Pages 247-261, and following COPE guidelines, the journal asked the authors for images of the original, uncropped Western blots from this study. After careful examination of these original material, Neuroscience found no evidence of manipulation of the Western blot data or other figures of this publication." In November 2021, Cassava Sciences reported that a different science journal also found no evidence to support allegations of data manipulation in an article it published in 2012. On December 17, 2021, the Journal of Neuroscience issued a subsequent Expression of Concern while maintaining its earlier clearance, pending the outcome of a different investigation by an academic party into allegations. Additionally, in October 2021, a respected academic researcher, PhD in Molecular Biology, published on a website4 his detailed examination of allegations made in a supplement to the Citizen Petition. The researcher, whose laboratory routinely runs a thousand or more Western blots per year, concluded that claims of scientific misconduct levied against Cassava Sciences and its collaborator were "borderline ridiculous", noting that "several of the examples shown as evidence of data manipulation [in the Citizen Petition] support the opposite [conclusion]." Cassava Sciences has not provided any form of compensation to the academic researcher and has no control over the contents of this website or its author. assava Sciences is grateful for journal editors and independent reviewers who have taken time from busy research schedules to address the allegations.
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GRPN | Hot Stocks09:31 EST Groupon jumps after Prescience Point says shares worth over $63 - Shares of Groupon are jumping after Prescience Point Capital Management said the shares are worth "at least $63.18 today and could exceed $98.00 in a conservative upside scenario." Groupon is a "misunderstood company that has been wrongly left for dead due to an antiquated bear thesis and apathetic sell-side," Prescience wrote in a research report. The firm believes the market has "completely overlooked the sizable and growing value" of Groupon's investment in SumUp while also "significantly undervaluing" its core business, which it says has "recently stabilized and is poised for significant grow." Shares of Groupon are up 7% to $24.86 following the report.
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BVS | Hot Stocks09:29 EST Bioventus appoints Michelle McMurry-Heath to board of directors - Bioventus announced the appointment of Michelle McMurry-Heath, MD, PhD, to the Company's Board of Directors, effective January 1, 2022. Currently, McMurry-Heath is President and Chief Executive Officer of the Biotechnology Innovation Organization, a membership and advocacy organization focused on strengthening opportunities for biotech research and applying biotech innovations to the biggest challenges of our age.
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COIN... | Hot Stocks09:27 EST Crypto stocks trade higher as bitcoin tests above $49,000 - The price of bitcoin has tested the upside of $49,000 overnight, rising from sub-$46,000 level yesterday. Stocks levered to bitcoin prices are also tracking higher in the pre-market session, with Bit Digital (BTBT) up 4.3%, Riot Blockchain (RIOT) up 6.0%, Marathon Digital (MARA) up 6.6%, and Coinbase Global (COIN) up 2.9%.
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HURN | Hot Stocks09:26 EST Huron to acquire Perception Health, terms undisclosed - Huron announced it has entered into an agreement to acquire Perception Health. Perception Health will be included in Huron's Healthcare operating segment. Terms of the acquisition, which is expected to close in December, were not disclosed.
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SAVA | Hot Stocks09:25 EST Cassava Sciences trading halted, news pending
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GRPN | Hot Stocks09:23 EST Prescience Point calls Groupon shares 'undervalued,' sets $63.18 price target - Prescience Point Capital Management announced that it has published a detailed analysis of Groupon, calling shares significantly undervalued with a price target range of $63 to $98, or 2.7x to 4.3x the current share price. The firm said: "Prescience Point believes Groupon is a misunderstood Company that has been wrongly left for dead due to an antiquated bear thesis and apathetic sell-side. Market participants have completely overlooked the sizable value of Groupon's investment in SumUp, a fast-growing fintech with a 50%+ revenue CAGR, which we believe is worth at least $268m [and growing] or close to 40% of Groupon's current enterprise value. The market is also significantly undervaluing Groupon's core business, whose recent turnaround has been overshadowed by pandemic related shutdowns and a recent change in revenue recognition accounting that makes it look like revenue got cut in half. We believe shares are worth 2.7x to 4.3x the current share price."
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TYL | Hot Stocks09:23 EST Tyler Technologies renews 5 year Oklahoma digital government & payment contract - Tyler Technologies announced that the state of Oklahoma signed a contract renewal for Tyler's digital government and payments services. The five-year agreement expands upon a 20-year relationship between the state and Tyler's subsidiary NIC. "NIC Oklahoma has been a strategic partner to the state of Oklahoma for 20 years," said director of Applications and Data Services Joe McIntosh at the state's Office of Management and Enterprise Services. "They are a key provider in a variety of digital services to Oklahomans including payment services, point of sale systems, and appointment management. We are excited to see this partnership continue and hope it does well into the future." Since 2001, NIC Oklahoma has delivered more than 400 digital government services and information across more than 125 agencies. In 2020 alone, NIC Oklahoma processed over $6 billion in payments for the state from more than four million transactions. "While we have worked with the state for two decades now, it is our most recent work that makes me most proud," said Connie Pearson, general manager of NIC Oklahoma. "We have become a true strategic partner, closely aligned with the state's overall goals for digital government and payment services. Now, as a part of Tyler, we can bring even more services and innovation to the state of Oklahoma."
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GE | Hot Stocks09:17 EST General Electric to acquire Opus One Solutions Energy, terms undisclosed - GE Digital has entered into an agreement to acquire Opus One Solutions Energy, a software company that helps electric utilities optimize energy planning, operations, and market management. The terms of the deal were not disclosed. The transaction is expected to close within 30 days.
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T MSFT | Hot Stocks09:16 EST AT&T to sell advertising marketplace, Xandr, to Microsoft - AT&T (T) has agreed to sell its global programmatic advertising marketplace, Xandr, to Microsoft.(MSFT). The agreement builds on a decade-long relationship between Xandr, including its predecessor companies, and Microsoft for delivering global digital media solutions for advertisers. The transaction is subject to customary closing conditions, including regulatory reviews.
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GNUS JBLU | Hot Stocks09:16 EST Genius Brands' Kartoon Channel! launches on JetBlue - Genius Brands International announced it has been selected by JetBlue to feature Kartoon Channel! content as part of its inflight entertainment experience. The partnership is expected to launch in January 2022 and includes a sampling of Genius Brands' hit content.
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CVT | Hot Stocks09:15 EST Cvent announces partnership with ID.me to enhance event health and safety - Cvent announced that it has partnered with ID.me, the leading secure digital identity network, to bring seamless health, testing, and vaccine status verifications to hybrid and in-person events in the United States. Cvent Health Check, powered by ID.me, is a user-friendly solution that allows event planners to implement a secure method of verifying attendee health status in just a few simple steps. By combining ID.me vaccine, testing, and identity verification capabilities with Cvent's robust event marketing and management platform, Cvent customers can include additional health and safety protocols at their events with easy-to-use, confidential health checks on event attendees' own mobile devices. Built with planner flexibility and usability in mind, Cvent Health Check allows event hosts to set specific parameters around attendees' proof-of-vaccination, testing status, and/or health screening in a privacy-compliant manner, giving individuals sole control over their personal medical information to determine when, how, and with whom it is shared. Once attendees' health or vaccination statuses are verified, their credentials can be easily checked through a digital image displayed on a user's mobile device at the event. The portable digital ID streamlines check-in and helps to ensure all attendees meet any requested health criteria to enter the event. Importantly, no user information is passed between ID.me and Cvent, allowing for individual privacy and control while also ensuring event planners and organizers are not storing, accessing, or distributing sensitive attendee health data.
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CURLF | Hot Stocks09:13 EST Curaleaf to open four new Florida dispensaries by end of year - Curaleaf announced plans to open four new dispensaries in Florida by the end of this year. The expansion will increase the company's retail footprint to 42 dispensaries statewide and 117 across the country. Grand opening ceremonies for each of these locations will be held on January 8, 2022 and will include product promotions, branded swag and entertainment.
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JBLU | Hot Stocks09:11 EST JetBlue extends London Heathrow schedule through October 2022 - JetBlue announced it is extending its transatlantic schedule for flights between New York's John F. Kennedy International Airport and London Heathrow Airport through October 2022, with seats on sale beginning today. JetBlue was initially welcomed at Heathrow with temporary slots made available as entrenched, larger airlines reduced service during the pandemic. Since its successful transatlantic launch in August 2021, JetBlue has worked with the local authorities to ensure it can continue to shake up the route with much-needed competition. "The response on both sides of the Atlantic has been overwhelmingly positive, and it's now widely recognized that losing JetBlue on this route would be a major setback for travelers who enjoy low fares and great service," said Robin Hayes, chief executive officer, JetBlue. "We are committed to collaborating with regulators as well as the U.S. and U.K. governments to identify a pathway to staying at Heathrow for the long-term. There's so much more good we can do as we grow this route if we are allowed to stay and compete."
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CNI | Hot Stocks09:10 EST Canadian National, Watco announce STB approval of sale of rail lines - CN and Watco announce that the United States Surface Transportation Board, STB, has approved the sale of non-core lines and assets on approximately 650 miles of branch lines of Wisconsin Central in Wisconsin and Michigan. This marks a step toward the successful conclusion of the sale process that CN announced and launched in July of 2020, which also includes the sale of the Soo subdivision that runs from Sault Ste. Marie, Ontario to Oba, Ontario. After closing, CN will continue to play a role in Wisconsin and Michigan, as the transferred segments will remain connected to CN's tri-coastal network.
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BAM | Hot Stocks09:09 EST Brookfield acquires DreamWorks Animation Campus, five other facilities - Brookfield announced that it has acquired the DreamWorks Animation Campus in Glendale, CA for $326.5M. The 15-acre, 500,000-square-foot facility, located in Los Angeles' media district, serves as DreamWorks' headquarters and includes all essential infrastructure for the creation of animated feature films and television series including. The seven-building campus houses approximately 1,500 employees at the studio - including artists, animators, technologists and engineers. DreamWorks has occupied the facility for more than 20 years and its current lease runs until 2035. Brookfield acquired the facility through Brookfield Real Estate Investment Trust. Also last week Brookfield REIT completed the acquisitions of two luxury apartment buildings totaling 445 units at an aggregate purchase price of $172M: Flats on Front, Newly built 273-unit residential building in NC; and Verso Apartments, Brand new 172-unit residential building in Downtown Beaverton. Brookfield REIT also recently acquired more than 500,000 square feet of logistics real estate through three individual transactions. These facilities were acquired at an aggregate purchase price of $71M: a 208,000-square-foot property in Chicago submarket of Morton Grove, IL; a 100,000-square-foot property in Washington, DC submarket of Upper Marlboro, MD; and a 211,000-square-foot property in Lakeland, FL, situated between Tampa and Orlando. Zach Vaughan, CEO of Brookfield REIT, said, "With the acquisition of these diverse assets in addition to the three properties Brookfield contributed to the REIT in November, we have nearly tripled the total asset value of the REIT following the advisory transition from Oaktree to Brookfield. We are excited to enter the studio and creative real estate sector while partnering with an innovative tenant and to apply our deep operating expertise in the apartment and logistics sectors to manage these new properties."
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SGPYY | Hot Stocks09:08 EST Sage Group to acquire Brightpearl for $299M - The Sage Group announces that it has agreed to acquire Brightpearl, a cloud native multichannel retail management system for retailers and wholesalers. The acquisition of Brightpearl, in which Sage already has a 17% minority stake, accelerates Sage's strategy for growth, including scaling Sage Intacct, broadening the value proposition for mid-sized businesses and expanding Sage's digital network. With operations in the US and the UK, Brightpearl provides a SaaS-based retail operating system, enabling real-time business insights and helping customers automate workflows to save time and money. The combination of Sage Intacct and Brightpearl will create a powerful solution for retailers and wholesalers which integrates financial management, inventory planning, sales order management, purchasing and supplier management, CRM, fulfilment, warehousing and logistics management. The consideration for the 83% of Brightpearl that Sage does not already own is $299m, which will be funded from Sage's existing cash and available liquidity. For the year ending December 2021, Brightpearl is expected to generate revenues of $27m, representing growth of around 50% compared to the prior year, and to achieve operating profit around the breakeven level. The transaction is subject to regulatory clearance under the Hart-Scott-Rodino Act in the US, and is expected to close in January 2022.
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SSNC | Hot Stocks09:06 EST SS&C announces investment in combination of Equiniti and AST - SS&C Technologies Holdings announced a strategic investment in a newly incorporated company formed by the combination of Equiniti and American Stock Transfer & Trust Company, or AST, recently acquired by affiliates of Siris Capital Group. Equiniti is a leading U.S. and U.K. provider of shareholder, pension, remediation, and credit technology, and AST is a leading provider of U.S. shareholder technology. The combination of Equiniti and AST's businesses expects to create a leading international provider of mission-critical shareholder and other complex regulatory technology to meet the evolving needs of its customers, employees, and other stakeholders. SS&C has acquired a minority ownership stake in the new combined entity.
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RAD | Hot Stocks09:06 EST Rite Aid sees FY23 adjusted EBITDA 'significantly' above $430M consensus - Comments taken from Q3 earnings conference call.
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API | Hot Stocks09:06 EST Agora partners with Bishop Fox for security standards - Agora has partnered with Bishop Fox, the largest private offensive security firm to work on multiple security areas. This partnership will set the highest industry standards for real-time engagement security, while also providing Agora with continued security, safety and privacy across its platform. The new partnership revolves around two Bishop Fox offerings: The Cosmos platform, which delivers continuous offensive security to protect dynamic attack surfaces by combining advanced technology, automation, and expert-driven testing and Red Teaming & Readiness, which emulates potential threats featuring motivations, goals, and how combatants operate with different tools. This holistic security view provides an ability to defend against real-world, sophisticated attacks.
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NLCP | Hot Stocks09:05 EST NewLake Capital Partners acquires Missouri property for $21.1M investment - NewLake Capital Partners closed on its purchase of a 70,000-square-foot industrial property in Chaffee, Missouri and entered into a long-term, triple-net lease with Organic Remedies of Missouri. NewLake's total investment in the property will be $21.1 million, which includes $16 million at closing and a commitment to fund $5.1 million of tenant improvement allowances to complete renovations of the building. Organic Remedies operates the property as a cultivation and processing facility.
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NRSN BIIB | Hot Stocks09:04 EST NeuroSense appoints four new directors and a new Chief Medical Officer - NeuroSense Therapeutics (NRSN) announced the expansion of its board of directors with the appointment of four new directors upon the closing of the company's recent IPO. The new directors will join the current directors, Mark Leuchtenberger, Chairman of the Board, and Alon Ben-Noon, the CEO and founder. The new directors bring a diverse set of experiences in healthcare and the biotechnology industry that will be instrumental for guiding NeuroSense through the development and commercialization of its product portfolio. Joining the NeuroSense board are: Yael German, a former Israeli Member of Knesset and former Minister of Health; Caren Deardorf, currently Chief Commercial Officer at Magenta Therapeutics, who previously led multiple global launches across rare disease and neurology at Biogen (BIIB); Christine Pellizzari, currently Chief Legal Officer at Science 37 and a veteran of several rare disease focused biotech companies in similar roles; and Cary Claiborne, currently COO and board member at Adial Pharmaceuticals and the founder and CEO of Prosperity Capital Management. Pellizzari will chair the Compensation Committee and Claiborne, with extensive experience as the CFO of several biotech companies, will chair the Audit Committee. In addition to the new board appointments, the company is pleased to announce that Ferenc Tracik, a neurologist with significant scientific and management experience in developing neurodegenerative therapies with companies such as Biogen, Novartis and Orphazyme, has joined the company and will serve as Chief Medical Officer.
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BSGM | Hot Stocks09:04 EST BioSig Technologies selects Access Strategy Partners to advise on sales - BioSig Technologies announced that it appointed Access Strategy Partners to advise on the next phase of the commercial roll-out. Access Strategy Partners brings to BioSig deep expertise in commercialization, contract management, execution, and value proposition optimization. The company's Co-Founder and President, Jim Walker, is a healthcare executive with more than 30 years of experience in sales, marketing, sales operations, and national accounts management. Under the terms of the new collaboration, Access Strategy Partners will advise BioSig on all aspects of commercial strategy, including economic value modeling, hospital administration engagement, and contracting. "Jim and his highly accomplished team at Access Strategy Partners brings us proven success strategies in accelerating commercialization. Look closely at ASPI's track record in helping emerging medical device companies, and you will see what we saw - strong revenue growth rates with sustainability. We look forward to learning from some of the brightest minds in medical device sales as we leverage the key insights from our initial commercial efforts to bring our disruptive technology to the next level of hospitals nationwide," commented Kenneth L. Londoner, Chairman, and CEO of BioSig Technologies, Inc.
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CYDY | Hot Stocks09:03 EST CytoDyn receives FDA response regarding leronlimab trial - CytoDyn announced that it has received a response from the FDA to conduct a Phase 3, randomized, double blind, placebo controlled trial to evaluate the efficacy and safety of leronlimab in combination with standard of care for critically ill patients with COVID-19 pneumonia with need for Invasive Mechanical Ventilation, or IMV, or Extracorporeal Membrane Oxygenation, or ECMO. The submission of this protocol was previously announced on December 9. Patients in this trial will be randomized in a 1:1 ratio to receive up to four doses of 700 mg leronlimab with standard of care or placebo with standard of care administered via IV infusion weekly over a four-week treatment period.
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STM | Hot Stocks09:03 EST STMicroelectronics contributes STM32 microcontrollers to 'Switchback' battlebot - STMicroelectronics announced it is contributing multiple STM32 microcontrollers (MCUs) to the "Switchback" battlebot. The 250-pound battlebot, which uses a dual-motor drum spinner mounted on a fully-ambidextrous arm, is designed for durability and serviceability - as well as to win robot battles by hitting opponent robots really, really hard, and breaking them apart with the drum spinner.
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GEVO KMI | Hot Stocks09:02 EST Gevo announces Lisa Walker appointed Assistant General Counsel - Gevo (GEVO) announced that Lisa Walker has joined Gevo as Assistant General Counsel. Walker brings more than 25 years of experience in commercial contracts and negotiation, litigation management, marketing and trading, real estate transactions, liability and risk assessment, and asset acquisition and divestiture. Most recently, she served as Assistant General Counsel - Commercial Transactions Attorney at Kinder Morgan (KMI).
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VZ | Hot Stocks09:02 EST Verizon announces record year for Verizon Frontline technology deployments - As first responders continue emergency response efforts in communities across multiple states following last week's devastating tornadoes, the Verizon Response Team remains deployed in support of local public safety agencies to ensure they have the mission-critical communications capabilities they need. This support, provided at no cost to the responding agencies and lasting as long as there is a need, is the latest in a series of 2021 deployments during which the Verizon Response Team delivered Verizon Frontline technology to first responders as they dealt with crises ranging from extreme weather events and wildfires to the ongoing response to the COVID-19 pandemic. A year of unique challenges, 2021 saw the Verizon Response Team deploy more than 1,000 times to just over 700 communities across the country. During these deployments, the team provided public safety agencies with nearly 9,000 Verizon Frontline devices and solutions ranging from repeaters, mobile hotspots, routers, smart devices and drones to dozens of deployable satellite solutions such as Satellite Picocells on Trailers. The number of solutions provided this year surpasses last year's mark by more than 3,000 and represents a new high for the Verizon Response Team. Beginning with a deployment to help provide communication capabilities for public safety agencies supporting the 2021 presidential inauguration - the Verizon Response Team's first major deployment of the year - and lasting through today and current emergency response efforts, the 15 Verizon Response managers on this team continue to demonstrate Verizon Frontline's lasting commitment to the first responder community. Other major response efforts this year included:
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CBAK | Hot Stocks09:02 EST China BAK Battery subsidiary signs agreement with AZAPA - CBAK Energy Technology announced that its wholly-owned subsidiary CBAK New Energy, or Nanjing, has entered into an agreement with AZAPA R&D China to develop a customized battery pack for the Sino-Japan joint venture that designs and produces electronic control systems and battery and control systems for electric vehicles. Pursuant to the agreement, this battery pack will initially be used for testing low-speed electric vehicles produced by Daihatsu Motor, a subsidiary of Toyota Motor, while CBAK Nanjing will cooperate with AZAPA to jointly explore international markets. CBAK will deliver three sample battery pack sets to AZAPA by February 2022.
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DCPH | Hot Stocks08:55 EST Deciphera says UK MHRA grants MA for Qinlock or ripretinib to treat GIST - Deciphera Pharmaceuticals announced that the United Kingdom Medicines and Healthcare products Regulatory Agency, MHRA, has granted marketing authorization for QINLOCK, ripretinib, in the UK for the treatment of adult patients with advanced gastrointestinal stromal tumor GIST who have received prior treatment with three or more kinase inhibitors, including imatinib. "The approval of QINLOCK in the UK is an important milestone for patients with advanced GIST who have been waiting for a new treatment option," said Steve Hoerter, President and Chief Executive Officer of Deciphera. "The results from the INVICTUS study underscore the potential for QINLOCK to transform the treatment of advanced GIST and establish a new standard of care in the UK for fourth-line GIST." The QINLOCK approval was supported by efficacy results from the primary analysis of the pivotal Phase 3 INVICTUS study in patients with advanced GIST as well as combined safety results from INVICTUS and the Phase 1 study of QINL OCK. In INVICTUS, QINLOCK demonstrated a median progression-free survival of 6.3 months compared to 1.0 month in the placebo arm and significantly reduced the risk of disease progression or death by 85%. Secondary endpoints include Objective Response Rate as determined by independent radiologic review using modified RECIST and Overall Survival . QINLOCK demonstrated an ORR of 9.4% compared with 0% for placebo In addition, QINLOCK demonstrated a median overall survival of 15.1 months compared to 6.6 months in the placebo arm and reduced the risk of death by 64% .
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OTEX ZIXI | Hot Stocks08:53 EST OpenText extends expiration of tender offer for Zix - In connection with the previously announced agreement to acquire Zix (ZIXI) OpenText (OTEX) announced that it has extended the expiration of its tender offer for all outstanding shares of common stock of Zix at a price of U.S. $8.50 per share, through its subsidiary, Zeta Merger Sub. The tender offer is now scheduled to expire at one minute after 11:59 P.M., Eastern time, on December 22, 2021 unless it is further extended. The tender offer was previously scheduled to expire at one minute after 11:59 P.M., Eastern time, on December 20. The depositary for the tender offer has advised OpenText that as of the previous expiration time there were validly tendered and not withdrawn a total of approximately 33,967,027 shares of Zix common stock, including approximately 5,397,062 shares of Zix common stock tendered pursuant to a notice of guaranteed delivery. The tender offer is being extended to allow for those shares tendered pursuant to a notice of guaranteed delivery to be delivered, which can take up to two business days. Assuming no validly tendered shares of common stock are withdrawn, all shares of common stock subject to a notice of guaranteed delivery are delivered, and all shares of Zix Series A Preferred Stock are converted into Zix common stock and validly tendered pursuant to the Tender and Voting Agreement with Zephyr Holdco, approximately 54,807,927 shares of Zix common stock would be tendered, representing approximately 70% of the shares outstanding. Accordingly, OpenText and Zix expect the transaction to close on Thursday, December 23.
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DRIO | Hot Stocks08:47 EST DarioHealth announces partnership with employer benefits brokerage - DarioHealth announced a new strategic partnership with a leading employer benefits brokerage to sell its digital therapeutic solutions for diabetes, hypertension and musculoskeletal health as part of a new premier employee health benefits product for small businesses. The product will be made available to the Partner's more than 2,300 clients beginning in early 2022. The Partner selected Dario as the sole polychronic condition management solution within the preferred bundle to complement medical and pharmaceutical coverage, clinical navigation services, telehealth and centers of clinical excellence.
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DRIO | Hot Stocks08:47 EST DarioHealth announces partnership with employer benefits brokerage - DarioHealth announced a new strategic partnership with a leading employer benefits brokerage to sell its digital therapeutic solutions for diabetes, hypertension and musculoskeletal health as part of a new premier employee health benefits product for small businesses. The product will be made available to the Partner's more than 2,300 clients beginning in early 2022. The Partner selected Dario as the sole polychronic condition management solution within the preferred bundle to complement medical and pharmaceutical coverage, clinical navigation services, telehealth and centers of clinical excellence.
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KNSL | Hot Stocks08:45 EST Kinsale Capital Group announces transfer to New York Stock Exchange - Kinsale Capital Group announced that it will transfer the listing of its common stock from the Nasdaq Global Select Market to the New York Stock Exchange. Kinsale expects to commence trading as a NYSE-listed company at market open on January 3, 2022 under its current ticker symbol "KNSL." Kinsale's common stock will continue to trade on the Nasdaq until the transfer is completed.
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SURG... | Hot Stocks08:43 EST SurgePays blockchain update to enable bitcoin purchases at corner stores - SurgePays (SURG) has completed the initial development on the newest version of its software platform which enables a store owner to sell certain cryptocurrencies to customers - with or without a bank account or credit card - at local convenience and neighborhood stores which are part of the Company's 8,000-plus retail store network. The Company plans to release the update in January 2022 and enable stores on its network to offer cash sales of bitcoin ($BTC;BITCOIN;BTC), ethereum ($ETH) and dogecoin ($DOGE) without using an ATM. Customers will receive receipts with simple instructions how to load purchased coins into their own digital wallet of choice. The SurgePays blockchain platform already performs more than 20,000 secure daily transactions of underbanked financial services. SurgePays new feature will allow the store clerk to facilitate the purchase of between $50 to $1,499 of cryptocurrency. "Enabling the underbanked population to purchase digital currency is the first step. We expect to launch a version update in Q2 of 2022, that would enable consumers to use cryptocurrency to make purchases at any store on the SurgePays network. This use case will be an extremely exciting differentiator and position SurgePays as a market leader in the underbanked space," said Brian Cox, chairman and CEO, SurgePays.
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SNAX | Hot Stocks08:39 EST Stryve Foods lands 8,000 convenience store order with 7-Eleven - Stryve Foods announced a new distribution agreement with 7-Eleven that will bring three flavors of its popular Vacadillos carne seca air-dried meat snacks for the first time to nearly 8,000 7-Eleven domestic convenience stores. The nationwide order from 7-Eleven comes with a commitment for a standing floor display that will showcase prominently three Vacadillos flavors - Chile Lime, Habanero and Scorpion. The meat snacks will be shipped in January 2022 and will be available in stores by February. Stryve is also expanding its existing business with 7-Eleven. Stryve's 2.25 oz Stryve Original Biltong and 2.25 oz Stryve Spicy Peri Peri Biltong are gaining distribution at the more than 2,800 Speedway convenience stores recently acquired by 7-Eleven in the United States. "Stryve's new record high Vacadillos sales order in approximately 90% of 7-Eleven's U.S. convenience stores and Stryve Biltong product expansion into 7-Eleven's recently acquired Speedway convenience stores represents the latest terrific opportunities and proving grounds for Stryve products," said Joe Oblas, Co-Founder and Chief Executive Officer of Stryve. "Vacadillos standing floor display placements typically correlate strongly with future permanent distribution in most retail locations we have placed them to-date, driving sales velocity, trial, branding awareness and consumer engagement."
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RNGTF | Hot Stocks08:38 EST Osisko Development announces amendments to employee share purchase plan - Osisko Development announces that the directors of the Company have approved amendments to the Company's employee share purchase plan in order to accelerate the vesting provisions of the shares granted thereunder, subject to a holding period, and to clarify existing provisions of the Plan, without altering the scope, nature and intent of such provisions. In accordance with the provisions of the Plan and the policies of the TSX Venture Exchange, the Amendments are not subject to shareholders approval but remain subject to the final approval of the TSXV.
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DVN | Hot Stocks08:38 EST Devon Energy extends exchange offers with respect to senior notes - Devon Energy Corporation announced that it has extended until December 29, 2021 at 5:00 p.m., New York City time, the expiration date of its offers to exchange: an aggregate principal amount of up to $224,079,000 of its 8.250% Senior Notes due 2023, which have been registered under the Securities Act of 1933, as amended, for an equal principal amount of the Company's outstanding 8.250% Senior Notes due 2023; an aggregate principal amount of up to $465,268,000 of its 5.250% Senior Notes due 2024, which have been registered under the Securities Act, for an equal principal amount of the Company's outstanding 5.250% Senior Notes due 2024; an aggregate principal amount of up to $377,557,000 of its 5.250% Senior Notes due 2027, which have been registered under the Securities Act, for an equal principal amount of the Company's outstanding 5.250% Senior Notes due 2027; an aggregate principal amount of up to $322,488,000 of its 5.875% Senior Notes due 2028, which have been registered under the Securities Act, for an equal principal amount of the Company's outstanding 5.875% Senior Notes due 2028; and an aggregate principal amount of up to $573,827,000 of its 4.500% Senior Notes due 2030, which have been registered under the Securities Act, for an equal principal amount of the Company's outstanding 4.500% Senior Notes due 2030. The exchange offers had been scheduled to expire at 11:59 p.m., New York City time, on December 20, 2021. The extension of the exchange offers has been made to allow holders of outstanding Old Notes who have not yet tendered their Old Notes for exchange additional time to do so. All other terms, provisions and conditions of the exchange offers will remain in full force and effect. As of 11:59 p.m., New York City time, on December 20, 2021, approximately $223,979,000 in aggregate principal amount of the Old 2023 Notes had been tendered and not withdrawn, $462,268,000 in aggregate principal amount of the Old 2024 Notes had been tendered and not withdrawn, $377,557,000 in aggregate principal amount of the Old 2027 Notes had been tendered and not withdrawn, $322,453,000 in aggregate principal amount of the Old 2028 Notes had been tendered and not withdrawn and $568,606,000 in aggregate principal amount of the Old 2030 Notes had been tendered and not withdrawn. Devon Energy Corporation will not receive any proceeds from the exchange offers.
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WULF | Hot Stocks08:35 EST TeraWulf purchases 15,000 S19 XP pro miners from Bitmain - TeraWulf announced that it has entered into an agreement to purchase 15,000 S19 XP pro bitcoin mining machines from Bitmain Technologies. The agreement with Bitmain provides for a monthly allotment of 2,500 units to be delivered from July to December 2022. This is TeraWulf's second order of the S19 XP pro bitcoin mining machines from Bitmain. As previously announced, TeraWulf expects to have 800 megawatts of mining capacity deployed by 2025, enabling over 23 exahash per second of expected hashrate. TeraWulf's Lake Mariner facility is expected to begin mining operations during the first quarter of 2022.
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CTLP | Hot Stocks08:35 EST Cantaloupe appoints Jeff Dumbrell Chief Revenue Officer - Cantaloupe announced that Jeff Dumbrell has been appointed Chief Revenue Officer effective January 1.
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POAI | Hot Stocks08:35 EST Predictive Oncology says company 'moving in the right direction' - The company said, "Predictive Oncology is moving in the right direction. In November 2021, POAI acquired zPREDICTA, a cutting edge cancer based company with a proven commercial and scientific record. Their patented 3D cell culture platform has already been proven successful. zPREDICTA's technology has been validated in Multiple Myeloma and cell growth. We believe, this is the only human bone marrow-derived cell culture model capable of maintaining primary multiple myeloma cells. The science is now being adapted to other cancer cell cultures. Besides the synergies already present with our Helomics and TumorGenesis divisions, the acquisition provides a foot in the door for POAI to large pharmaceutical customers already doing business with zPREDICTA. We now possess a "one-two" punch to pharma with the established 3D cell culture platform and our CoRE artificial intelligent technology that will cut costs and time in drug discovery and drug repurposing. zPREDICTA brings a historical revenue stream and profitable bottom-line to POAI. Coupled with our anticipated commercialization of our Discovery 21 project, POAI is emerging from a research and development-only company to a biopharmaceutical revenue-based company. To support our commercialization efforts, POAI announced the hiring of Pamela Bush, Ph.D, MBA, on December 7, 2021. Dr. Bush will lead our sales and business development initiatives, while integrating our sales and marketing efforts throughout the Company. Predictive Oncology has four interwoven divisions: Helomics, TumorGenesis, Soluble Biotech and, now, zPREDICTA. Our legacy company, Skyline Medical, continues to sell the STREAMWAY System, producing revenue and covering its own cost, while we consider options for selling the division. Working together, we endeavor to eliminate cancer while simultaneously providing strong returns to our investors."
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CNET | Hot Stocks08:35 EST ZW Data announces cooperation for NFT, Metaverse market with Digital Gold - ZW Data Action Technologies announced a cooperation with Guangzhou Digital Gold Information Technology to jointly develop "IP + NFT" products. By leveraging Digital Gold Information's Intellectual Property, IP, resources and IP operations, the Company, based on its BIF platform, will provide Non-Fungible Token, NFT, technology and related operations, list IP resources and contents to domestic and international NFT market, and explore the development of the combination of offline physical products + NFT + Metaverse. Metaverse is a combination of multiple elements of technology, including virtual reality, VR, and augmented reality, AR. The two parties will develop the IP + NFT + Metaverse business model, providing the peripheral products and digital merchandise services for authorized IPs during this cooperation. Through the Company's BIF blockchain platform, the IP co-branded contents and products can be distributed, traded and transferred on global NFT platforms such as Antchain and Tencent Huanhe. In addition, the Company and Digital Gold Information will jointly establish an IP alliance to develop domestic and international cooperative IPs.
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BKTI | Hot Stocks08:35 EST BK Technologies announces $5M share repurchase program - BK Technologies announced that its board of directors has authorized a share repurchase program which permits the company to purchase up to an aggregate of $5M in common shares. Share repurchases under the new authorization may begin immediately and the program does not have an expiration date.
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RIGL | Hot Stocks08:34 EST Rigel Pharma: Kissei reports 'positive' results from Phase 3 fostamatinib trial - Rigel Pharmaceuticals announced that its collaboration partner, Kissei Pharmaceutical Co., has released positive topline results from its Phase 3 clinical trial in Japan evaluating fostamatinib disodium hexahydrate for the treatment of adult chronic immune thrombocytopenia. The Phase 3 clinical study showed that patients receiving fostamatinib achieved a stable platelet response significantly higher than patients receiving a placebo control. A stable platelet response was defined as achieving greater than or equal to 50,000 platelets per muL of blood on at least four of the last six scheduled visits between weeks 14 and 24 of treatment. The safety profile of fostamatinib was consistent with other clinical trials, with no new or unusual safety issues observed. Fostamatinib has Orphan Drug Designation in Japan.
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GOED | Hot Stocks08:34 EST 1847 Goedeker announces $25M share repurchase pact - 1847 Goedeker announced that its Board of Directors authorized a new share repurchase program under which the Company may repurchase up to $25M of its outstanding shares of common stock in the open market, in accordance with all applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended.
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FIVE | Hot Stocks08:32 EST Five Below raises over $8M for charitable partners in 2021 - Five Below is thrilled to announce that the Company has raised more than $8M for its charitable partners throughout 2021. On a national level, Five Below charitable efforts benefited Alex's Lemonade Stand Foundation, St. Jude Children's Research Hospital, Kids In Need Foundation, and most recently Toys for Tots, the Marine Corps organization with a mission of collecting and distributing new, unwrapped toys to less fortunate children throughout the holiday season. In addition, Five Below raised funds for two regional partners in the Company's hometown city of Philadelphia - Children's Hospital of Philadelphia and the Philadelphia Eagles Autism Foundation.
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BIMI | Hot Stocks08:32 EST BIMI signs $16.75M stock purchase agreement with Bengu Mali OB-GYN Hospital - BIMI International Medical announced that it has signed a stock purchase agreement with Bengbu Mali OB-GYN Hospital, also known as Bengbu Mali Maternity Hospital. The aggregate purchase price for the Mali Hospital is $16.75M. The consideration consists of cash in the amount of $2.8M and 3M newly-issued shares of common stock of BIMI, with an agreed upon value by the parties of $9M at $3.00 per share, is to be paid at the Closing. The remainder of the purchase price of 1,650,000 shares of Common Stock valued at $4.95M, or $3.00 per share, is subject to post-closing adjustments based on the performance of Mali Hospital in 2022 and 2023. If the net profit of Mali Hospital in 2022 equals or exceeds the net profit target, which is approximately $770,000, approximately 50% of the Earnout Amount will be paid to the sellers or their designees by the issuance of 800,000 shares of Common Stock. If the net profit target is not met, a reduced number of shares of Common Stock will be issuable based on the ratio of the actual net profit to the net profit target. The sellers or their designees will receive about 50% of the Earnout Amount, subject to Mali Hospital reaching a similar performance target in 2023.
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SBET | Hot Stocks08:32 EST SharpLink Gaming announces results of 2021 annual general meeting - SharpLink Gaming announced that at the 2021 Annual General Meeting of Shareholders that was held yesterday, December 20, 2021, in Minneapolis, Minnesota, the shareholders of the Company approved the following: The reelection of Joe Housman, Rob Phythian, Chris Nicholas, Paul Abdo and Tom Doering as members of the Board of Directors for a term expiring at our 2022 Annual General Meeting of Shareholders; and The ratification of the appointment of RSM US LLP as our Company's independent registered public accountants for the year ending December 31, 2021, as well as the authorization of our Board of Directors to compensation of RSM US LLP in accordance with the volume and nature of their services or to delegate such power to the Company's Audit Committee.
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BA UPS | Hot Stocks08:31 EST Boeing announces UPS purchase of 19 767 Freighters - Boeing (BA) announced an order for 19 767 Freighters from UPS (UPS) highlighting the 767 Freighter's outstanding operational efficiency and payload capability to serve its customers at a time of robust air cargo demand. The deal adds to a record-breaking year for Boeing freighter sales, including 80 firm orders for new widebody freighters and more than 80 orders for Boeing Converted Freighters. In 2021 air cargo demand has surged due to an expansion of e-commerce and express cargo markets.
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CSPI | Hot Stocks08:31 EST ARIA Cybersecurity announces availability of Myricom ARC-C TxO adapter - ARIA Cybersecurity Solutions announces the availability of the Myricom ARC-C TxO network interface adapter designed to act as a secure unidirectional network bridge. Known as a transmit only data diode it is used by OEMs, government agencies as well as by data center operators to enable one way network traffic to leave a secured domain to a non-secured domain, with no physical path back in the opposite direction. Establishing a data diode via a SmartNIC is a simple, cost-effective way for organizations to protect the network environment from intrusions as well as the passing of malicious code, such as malware or ransomware. ARIA provides this capability in a low profile, low power draw SmartNIC that can be deployed in any server or network appliance's PCIe slot making it an attractive low-cost component to a transmit only gateway solution.
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ABML | Hot Stocks08:29 EST American Battery expands resource exploration staking 122 claims - American Battery Technology announced expansion of resource exploration staking 122 claims, in addition and adjacent to their recently secured 305 lode mining claims, located on land that is administered by the Bureau of Land Management in Little Smokey Valley near Tonopah, Nev. Now being referred to as ABTC's Tonopah Flats Lithium Exploration Project, the newly staked 122 lode claims adds 2,440 acres of claims bringing the company's total lode claims under control in this location to 427 claims encompassing 8,540 acres. Recently, the company announced initial results of surface samples of the original 305 claims. Given the initial promising results combined with the confirmed geological representative characteristics and surface expressions of adjacent claims, ABTC took the opportunity to expand its area of influence next to the original 305 claims. As part of expanding the exploration of this high potential resource, ABTC is conducting geological mapping, sampling, geochemical analysis, and proprietary extraction trials to characterize these resources and to quantify the performance of its internally developed lithium extraction and manufacturing operations.
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CFXTF | Hot Stocks08:22 EST Conifex Timber announces final results of substantial issuer bid - Conifex Timber announced the final results of its substantial issuer bid pursuant to which Conifex offered to purchase for cancellation up to 4.0 million of its common shares at a price of $2.25 for a total of $9.0 million, which expired at 5:00 p.m. on December 20, 2021. In accordance with the terms and conditions of the SIB and based on the final calculations of Computershare Investor Services, as depositary for the SIB, Conifex will take up and pay for 4.0 million Shares at the Purchase Price, representing an aggregate purchase price of $9.0 million. After giving effect to the SIB, 40,149,111 Shares will remain outstanding. Based on the final count by Computershare, a total of 24,511,992 Shares were properly tendered to the SIB and not withdrawn. As the SIB was oversubscribed, shareholders who deposited Shares pursuant to the SIB had approximately 16.22% of their successfully tendered Shares purchased by Conifex, except for "odd lot" tenders which were not subject to pro ration. Conifex will promptly make payment for the Shares tendered and accepted for purchase by tendering the aggregate purchase price to Computershare in accordance with the SIB and applicable laws and payment to the shareholders will be effected by Computershare. Payment for Shares will be made in cash, without interest. Any Shares invalidly tendered or tendered and not purchased will be returned to the tendering shareholder promptly by Computershare.
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OBNNF | Hot Stocks08:21 EST Osisko Mining recaps Windfall drill program results of 2021 - Osisko Mining provides a recap of the 2021 drill program and the top 21 intercepts of the year from its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Quebec. The 2021 drill program at Windfall included over 360,000 metres in over 900 drill holes from surface and underground. The drilling focused on infill and expansion of the mineralized zones defined in the February 2021 mineral resource estimate with the objectives of converting inferred resources into the measured and indicated categories in support of the upcoming feasibility study, expanding known zones, and defining new zones. "This year's top intercepts demonstrate once again the high-grade nature of the Lynx zones, with some of the best intervals of the project. However, Caribou zone ranks first overall this year with 3,979 g/t Au over 2.3 metres. The table below presents the "Top 21 intercepts" from this year's drill program based on metal factor," the company said.
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GALT | Hot Stocks08:20 EST Galectin Therapeutics closes $10M in debt financing from chairman - Galectin Therapeutics announced that it has closed on the second $10 million convertible note pursuant to a financing agreement entered in September, 2021, with Richard Uihlein, the Company's Chairman and largest individual stockholder. In total, the Company has received $30 million in three convertible notes from Mr. Uihlein in 2021. The convertible notes are unsecured and bear interest at a rate of 2% compounded annually. Additional interest of 2.5% per quarter will accrue but will only be paid if the debt and interest are converted into shares of the Company's common stock, at Mr. Uihlein's option, on or prior to maturity, which is four years from the date of each loan closing. The conversion price of the debt and interest is fixed at 228% above the price per share of common stock on the day prior to each closing or $5.00 per share, whichever is greater.
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GENE | Hot Stocks08:20 EST Genetic Technologies sees Q2 customer receipts A$1.8M - The Company confirms the completion of the integration of EasyDNA and expects to deliver customer receipts for the quarter of A$1.8M, a 112% increase on the prior quarter and in line with acquisition expectations. In the coming quarters, the focus will be on further leveraging the acquisition by including the Multi-Test product, where we expect to see solid growth in revenue across all brands and products as these initiatives are rolled out. The Company is set to release phase one of the Multi-Test subject to final regulatory approval and confirms that all regulatory submissions to NATA and CMS have been completed. NATA completed their onsite audit of GENE's Melbourne laboratory on December 15, 2021. The certifying body is preparing their final documentation on the audit in the coming weeks. This phase one launch is the culmination of 10+ years of research and development and includes Breast Cancer, Colorectal Cancer, Ovarian Cancer, Prostate Cancer, Coronary Artery Disease and Type 2 diabetes. The Company is now focused on finalizing commercial distribution opportunities via our EasyDNA brand and through our existing partner network with IBX, 1 Health and Vitagene. The Company announced in December 2021 a new partnership to expand access to the COVID-19 Risk Test in the US through its agreement with IBX and 1health on their 'Vitagene' platform directly from https://genetype.com/for-individuals/COVID-19. 1health is a leading US-based cloud platform service provider for diagnostic test management. 1health has built infrastructure that helps laboratories, such as IBX and their customers, connect patients to testing and care. 1health's services will be managed in partnership with IBX under our exclusive license agreement. GENE has continued to expand and develop the geneType COVID-19 Risk Test, having recently completed a cross-validation study on a European data set confirming the test performance metrics. A paper describing the study has now been submitted to a peer-reviewed journal and will be released upon publication. The emergence of the Omicron variant underscores the importance of identifying patients who are at greatest risk of developing severe disease. In December 2021, GENE's Director of Clinical Affairs, Dr Erika Spaeth presented a poster at the San Antonio Breast Cancer Symposium. In her presentation Dr Spaeth released new data that demonstrated an improved version of the Company's geneType Breast Cancer Test with an expanded panel of 313 SNPs showed improved discrimination and calibration over traditional clinical models. The study included over 200,000 women and highlighted GTG's commitment to the ongoing development of geneType Breast Cancer Risk Test.
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RIDE | Hot Stocks08:19 EST Lordstown Motors appoints Leonard as EVP, General Counsel, Secretary - Lordstown Motors announced that its Board of Directors has elected Melissa Leonard as Executive Vice President, EVP, effective January 1, 2022. Leonard will replace Tom Canepa, LMC's current General Counsel & Secretary, who is leaving to pursue other opportunities. Leonard was co-leader of the Mergers and Acquisitions team for Baker & Hostetler LLP, where she has served as outside counsel to the Company since 2019. Leonard has been a corporate and transactional attorney at Baker & Hostetler since 1995.
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RDVT | Hot Stocks08:18 EST FOREWARN partners with Akron Cleveland Association of REALTORS - FOREWARN announced that Akron Cleveland Association of REALTORS has contracted to make FOREWARN services available for the 6,600+ REALTOR members it serves throughout the Akron Cleveland area to promote proactive real estate agent safety.
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PSWW | Hot Stocks08:17 EST Principal Solar finalizes terms of Double-H Services acquisition - Principal Solar announced that it has finalized the terms of its majority acquisition of Oklahoma-based Double-H Services. Today's news builds on the Company's previously announced acquisition of a minority stake in Double-H earlier this year. "Working closely with Double-H over the past year has helped us understand their true growth potential - not just in their existing businesses, but how they can take advantage of the industry-wide shift to the greener, more efficient, environmentally-friendly technologies customers are demanding," said K. Bryce "Rick" Toussaint, MBA, CPA, Chairman and CEO of PSSW. "Principal's Portfolio Investment Companies are delivering the future of commercial goods transport with hybrid-electric and fully-electric heavy EV solutions, which Double-H intends to purchase to convert its existing diesel fleet. In doing so, not only will Double-H gain a major marketing advantage over traditional trucking and logistics companies, but we also anticipate that it will enjoy significantly increased margins realized through substantially lower operating and maintenance costs." The final terms of the transaction are subject to additional due diligence in the next quarter, and both parties intend to finalize the transaction in the second quarter of 2022.
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KTTA | Hot Stocks08:15 EST Pasithea Therapeutics opens second ketamine therapy clinic in UK - Pasithea Therapeutics announced that its wholly owned subsidiary, Pasithea Clinics, has opened its second London clinic in Marylebone offering intravenous ketamine therapy to patients suffering from treatment-resistant mental health issues. The Company opened its first U.K. clinic in Knightsbridge in October 2021. "Through our second London clinic, we are pleased to increase access to this important therapy for patients in the U.K. with treatment-resistant mental health disorders," stated Dr. Tiago Reis Marques, CEO of Pasithea Therapeutics. "More than ever, new treatment therapies are urgently needed for these patients and by broadening our coverage, we can work to close the treatment gap."
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CGRN | Hot Stocks08:15 EST Capstone Green Energy distributor gets contract from Alabama hospital, no terms - Capstone Green Energy Corporation announced that its central and southern U.S. distributor, Lone Star Power Solutions, has secured a contract to provide a highly reliable and energy-efficient Combined Heat and Power clean energy system to a major hospital in Alabama expected to be commissioned in the Spring 2022. The 600kW microturbine-based energy system will be fueled by low-pressure natural gas and will run in parallel with the local area grid providing supplemental power for the hospital's needs. The highly efficient energy system will be configured to repurpose the waste heat produced by the microturbine for the hospital's hot water requirements. Beyond supporting the power needs of a critical hospital facility, the new clean energy system provides a hedge against rising utility costs. This, along with the system's high efficiency, will ultimately reduce the facility's operational costs. Likewise, the system offers environmental benefits, including an estimated reduction in greenhouse gas emissions roughly equivalent to removing an estimated 245 cars from the road annually.
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XELA | Hot Stocks08:14 EST Exela Technologies announces partnership with UK's Post Office - Exela Technologies announced Exela has entered into a contract with Post Office Limited, the UK's largest provider of transactional banking services. Exela will utilize its market leading ICS technology platform and complimentary technology platforms to process Post Office's cheques securely and expeditiously supported by our delivery organization.
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KRT TSLA | Hot Stocks08:14 EST Karat Packaging announces expansion of its logistic services - Karat Packaging (KRT) announced it plans to expand its logistic services business geographically and that it has placed an order for 10 Tesla (TSLA) Semi trucks. Karat Packaging currently has 86 trucks and trailers and provides third-party logistic services to about 100 of its customers in California. The Company is planning to expand its logistic offerings geographically from its existing distribution centers in Texas, New Jersey and South Carolina in those regions, as well as further expansion in California. "We are excited to incorporate alternative-fuel trucks into our fleet. This purchase represents our commitment to continue investing in environmentally friendly solutions," said Alan Yu, chairman and chief executive officer. "Adding to Karat Packaging's competitive advantage and the Company's distinguishing characteristics, we are pleased to offer additional 3PL services to new and existing customers, particularly during the current supply chain environment."
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AQST | Hot Stocks08:13 EST Aquestive Therapeutics receives notice from FDA regarding delay in Libervant NDA - Aquestive Therapeutics announced that, regarding the review of the new drug application, or NDA, for Libervant Buccal Film for the treatment of breakthrough seizures and seizure clusters, the FDA sent the following notice to the company; "Please refer to your NDA 212641 Libervant resubmission dated June 23, 2021. The purpose of this e-mail is to notify you that the Agency is still considering the regulatory issues related to the approvability of Libervant, and will not be ready to take an action by December 23, 2021. No additional information is needed from you at this time. We are currently unable to provide an estimate of the timing of an expected action; however, we will provide any updates we can as they are available."
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TBLA MSFT | Hot Stocks08:13 EST Taboola announces launch of native bidding service, signs Microsoft agreement - Taboola (TBLA) announced the launch of a new native bidding service, allowing Taboola to extend its existing and growing 14,000 advertiser base to other supply types such as display advertising inventory, social networks and others. Microsoft (MSFT) has supported Taboola in the design of the new bidding service, which will accrue to Taboola's goal to drive even more growth for both companies and to fully leverage the opportunity of the open RTB space. As a result, Taboola has signed a new agreement with Microsoft through July 2024. Historically, Taboola and Microsoft had a revenue share arrangement. In utilizing the new service, Taboola can drive higher ex-TAC revenue and can drive even faster growth. The new Taboola bidding service will also provide more growth opportunities for advertisers.
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DPRO | Hot Stocks08:13 EST Draganfly selected by Woz, Imagine Learning, Drone Racing to expand STEM progam - Draganfly announces an expansion of the DRL Academy STEM program in partnership with the Drone Racing League, Steve Wozniak's Woz Ed, and Imagine Learning's Robotify. Together, these companies will develop an interactive Science of Drone Racing curriculum, debuting for middle school students in 2022. This announcement is the evolution of Draganfly's initial agreement and work with Woz ED which provided for an exclusive partnership bringing additional product development to Draganfly's current and future pipeline in addition to re-imagining the future of innovation for drone technologies. "With decades of experience in aviation, robotics and engineering, Draganfly is thrilled to be supporting DRL's game-changing Science of Drone Racing curriculum with Woz Ed and Robotify. We're excited to inspire the next generation of STEM leaders at the middle school level," said Cameron Chell, CEO of Draganfly.
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THRM | Hot Stocks08:11 EST Gentherm commits $250,000 to support GreenLight Fund Detroit - Gentherm announced that it will donate $250,000 over the next five years to the GreenLight Fund Detroit, an organization that raises and invests funds to help break down barriers to prosperity in high poverty areas. Gentherm's annual contribution of $50,000 will assist the GreenLight Fund in supporting programs in its existing portfolio as well as four additional proven programs selected over the next five years. Examples of current GreenLight Detroit portfolio organizations include the New Teacher Center, which assists Detroit Public Schools Community District by training seasoned teachers to be mentors for new teacher success and retention, and the Center for Employment Opportunities, which is dedicated to immediate employment and support services to help those with recent criminal convictions transition back to stable, productive lives.
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SENS | Hot Stocks08:10 EST Senseonics gets CE mark in Europe for Eversense NOW Remote Monitoring App - Senseonics Holdings announced it received CE mark of the Eversense NOW Remote Monitoring App for the Android Operating System. The Eversense NOW iOS platform has previously been approved and is currently available in Europe. "We're pleased to offer yet another tool for our Eversense users in Europe, now enabling access to this important feature for all our customers," said Tim Goodnow, PhD, President and CEO of Senseonics. "With the Eversense NOW app, Eversense users can enjoy the added peace of mind that comes with knowing friends and family can remotely view real-time glucose data, see trend graphs, and receive real-time glucose alerts from anywhere." The Eversense NOW Remote Monitoring app for the Android operating system is expected to be available starting in the first quarter of 2022 on the Google Play Store.
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ENPH | Hot Stocks08:10 EST Enphase Energy completes acquisition of 365 Pronto - Enphase Energy announced the closing of its acquisition of 365 Pronto, Inc. Based in Scottsdale, Ariz., 365 Pronto is a predictive software platform dedicated to simplifying the cleantech service landscape by matching cleantech asset owners to a local and on-demand workforce of service providers. The 365 Pronto software platform enables a two-sided marketplace. The buyers are customers consisting of installers, cleantech asset owners, or original equipment manufacturers. The sellers are service providers consisting of technicians and third-party installers providing services for residential and commercial solar, battery storage, and EV charging stations. 365 Pronto has hundreds of service providers nationwide who are qualified on its platform. A pre-priced work order is usually created by the customer and the 365 Pronto software platform algorithmically matches and dispatches a qualified service provider to complete the work order efficiently. The acquisition is expected to provide the following benefits: Offers Enphase's installers the opportunity to service their own operations and maintenance contracts via the 365 Pronto software platform when necessary; Provides Enphase's installers access to a nationwide qualified supplemental labor pool that can perform service calls at a time of severe labor shortages within the industry; Increases the service level for current 365 Pronto customers with the addition of the highly skilled network of Enphase installers as service providers; Enhances the homeowner experience of buying and owning solar, battery storage, and EV charging stations by helping to reduce wait times for maintenance services.
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NMIH FHB | Hot Stocks08:10 EST NMI Holdings names Ravi Mallela as EVP, CFO - NMI Holdings (NMIH) announced that it has appointed Ravi Mallela as Executive Vice President, EVP, and Chief Financial Officer, CFO, effective January 10, 2022. He succeeds Adam Pollitzer who, as previously announced, will assume responsibility as President and Chief Executive Officer on January 1, 2022. Mallela previously served as Executive Vice President, Chief Financial Officer and Treasurer of First Hawaiian (FHB).
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ALLR | Hot Stocks08:08 EST Allarity closes recapitalization, share exchange, $20M PIPE investment - Allarity Therapeutics announced the closing of its Recapitalization Share Exchange resulting in its initial public listing of 8,075,824 shares of its common stock and listing on the U.S Nasdaq Stock Market under the trading symbol "ALLR." Simultaneously with the closing of its Recapitalization Share Exchange, the Company closed on a $20 million PIPE investment, in which the Company issued 20,000 shares of preferred stock at $1,000 per share and a common stock purchase warrant to purchase 2,018,958 shares of common stock to 3i, LP, a Delaware limited partnership. A registration statement relating to the Recapitalization Share Exchange, filed previously with the Securities and Exchange Commission, became effective on November 5, 2021. An additional registration statement was filed on September 13, 2021, and declared effective by the SEC on December 20, 2021, with respect to the resale of shares of Allarity common stock issued upon conversion of our Preferred Stock or the exercise of the Warrant. Copies of the registration statements can be accessed through the Securities and Exchange Commission's website at www.sec.gov.
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CERT | Hot Stocks08:08 EST Certara announces FDA renewal, expansion of Certara's biosimulation software - Certara announced that the U.S. Food and Drug Administration, FDA, has renewed and expanded its licenses of Certara's proprietary biosimulation software, with more than 400 user licenses of Simcyp and Phoenix software. In total, there are 12 divisions and offices of the FDA using Certara's software for internal research and to independently analyze, verify and review regulatory submissions. Certara's Simcyp Simulator is used throughout the drug development process to evaluate new drug formulations, determine first-in-human dosing, optimize clinical study design and predict drug-drug interactions. The FDA has renewed its licenses for the Simcyp Simulator, Simcyp Paediatric and Simcyp Cardiac Safety Simulator. Additionally, the FDA has renewed and expanded its user licenses of Certara's Phoenix Software, which is widely used for pharmacokinetic, pharmacodynamic and toxicokinetic modeling and simulation.
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CVET | Hot Stocks08:07 EST Covetrus announces new structure within Europe - Covetrus announced a new organizational structure within Northern and Central Europe to execute the company's three-year strategy, deliver operational efficiencies, and better enable the company's combined commercial teams to service their customers and provide a reset for the German and U.K. businesses. Earlier this year, Covetrus announced the hiring of Andras Bolcskei as Covetrus' first president of International. Mr. Bolcskei was charged with bringing all commercial teams outside of North America together, and today's announcement advances that plan. Key changes include the development of a new International leadership team and a concerted focus within the U.K. and German businesses, an anticipated element of the company's strategic plan, as well as an immediate and strong reaction to recent pressures within those two regions. Covetrus Germany will move its DACH headquarter from Hamburg to Dusseldorf. Effective April 1, Covetrus' Dusseldorf location will create the DACH hub for the company under the leadership of Dr. Andreas Tschuor and will restrengthen its commercial capabilities, service to customers and competitiveness within the German market. In addition, the proximity of Dusseldorf to two other Covetrus regions will enable and lead to increased efficiencies and operational excellence within those regions' commercial teams. The company will close its Hamburg office on March 31 . Employment contracts tied to Hamburg will be discontinued, and employees will be offered the choice to continue employment with unchanged conditions in the new Dusseldorf office on April 1 . Development of a new leadership team to drive the company's International Business. Effective January 1, and similar to the structure adopted in the U.S. earlier this year, the U.K. commercial and the Global Technology Solutions teams, and the U.K. & Europe sales teams will come under one, unified commercial leadership, led by Loic Jegou, Country Manager and VP, Northern Europe. "These moves position Covetrus to win for our European customers and win for our global business," said Ben Wolin, President & CEO. "I have absolute confidence in our ability to drive our strategy, win back our position within the German and U.K. markets, drive greater outcomes for our customers and the animals they care for and drive success for all our teams and stakeholders."
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PHAS | Hot Stocks08:07 EST PhaseBio ends pemziviptadil trial due to COVID-19 impacts - PhaseBio announced that the company is voluntarily ending its Phase 2b trial of pemziviptadil in PAH due to COVID-19 impacts on manufacturing, associated drug supply and the rate of enrollment in the study. The company will analyze the trial data to determine an appropriate path forward for the program, which depending on the results could include an improved product presentation and simplified product dosing in a subsequent trial. With the suspension of the Phase 2b trial, the company will reprioritize resources and capital towards pre-commercialization activities of bentracimab and the advancement of other pipeline programs, including PB6440 for resistant hypertension. The Phase 2b trial of pemziviptadil, named the VIP trial, had successfully enrolled more than 50% of the study's target population.
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ADVM | Hot Stocks08:06 EST Adverum Biotechnologies announces expected near-term milestones - 1H2022 - Anticipated leadership appointments to executive team and Board of Directors; 2Q2022 - Present protein expression data supporting an ADVM-022 6E10 vg/eye dose at a medical conference; 2Q2022 - Present data on baseline NAbs and ADVM-022 efficacy at a medical conference; Mid-2022 - Complete IND amendment process to enable initiation of Phase 2 trial of ADVM-022 in wet AMD; 3Q2022 - Plan to dose first patient in Phase 2 trial of ADVM-022 in wet AMD.
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MS | Hot Stocks08:06 EST The Zone partners with Morgan Stanley Global Sports & Entertainment - The Zone, a mental wellness platform focused on athletes, announced an agreement with Morgan Stanley. The firm's Global Sports & Entertainment division will provide its financial tools and resources to integrate within The Zone's app allowing educational, interactive content and programming across the digital platform. This will enable The Zone's current and future member-athletes and institutions to obtain premier access to Morgan Stanley's financial education curriculum. Elements of the collaboration will feature mobile-friendly, bite-sized content and programming, alongside push notifications that will seek to engage athletes and address with them the link between financial education, mental wellness and peak performance; fundamentals of personal finance; tips and approaches to help conceptualize and achieve financial wellness; and maintain frequent interaction with them to allow for close monitoring of their wellness and communication with counselors, as needed.
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TFFP | Hot Stocks08:06 EST TFF announces final data from Phase 1b study of inhaled voriconazole powder - TFF Pharmaceuticals announced the full readout of safety and pharmacokinetic, PK, data from its Phase 1b study of Inhaled Voriconazole Powder, TFF VORI, in asthma patients. TFF VORI is a direct-to-lung, inhaled dry powder formulation of voriconazole for the treatment and prevention of Invasive Pulmonary Aspergillosis, IPA. The data reported from the Phase 1b study are consistent with the initial data reported in November. TFF Pharma's Phase 1b study was a randomized, double-blind, placebo-controlled trial to evaluate the safety, tolerability, pharmacokinetics, and induction of bronchospasm of TFF VORI in 16 patients with mild to moderate asthma who were also using bronchodilators daily for asthma treatments. The data show that TFF VORI was well tolerated in asthma patients and indicate that no drug-drug interactions with bronchodilators will limit the use of these common asthma medications in patients with reactive airway disease. The Company anticipates enrolling patients who are prescribed a bronchodilator for its planned Phase 2 trial in IPA patients in 2022. Additional details from the study are below: The study was comprised of two cohorts. In cohort 1, 8 eligible subjects were randomized in a 3:1 ratio to receive 7 doses over 3.5 days of 40mg TFF VORI or inhaled placebo. In cohort 2, 8 eligible subjects were also randomized in a 3:1 ratio to receive 7 doses over 3.5 days of 80 mg TFF VORI or placebo. Systemic PK data following repeated dosing with an 80 mg twice daily dose showed no statistical differences between absorption and clearance between subjects. Observational data from the Phase 1b trial support the inclusion of patients that have hyperreactive airway disease comorbidities in the Phase 2 trial and suggest that TFF VORI also may have the potential to treat Allergic Bronchopulmonary Aspergillosis.
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ADVM | Hot Stocks08:06 EST Adverum plans to hire CDO, CMO, actively pursue two new directors - Adverum indicated its plans to hire a chief development officer and a chief medical officer. Additionally, the board of directors is actively pursuing the addition of two new directors with gene therapy and operational expertise with the departures of Mehdi Gasmi, Ph.D. and Thomas F. Woiwode, Ph.D. from the Board, reported separately today.
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ADVM | Hot Stocks08:05 EST Adverum finalizing two-dose study design for Phase 2 trial of ADVM-022 - Adverum Biotechnologies announced the completion of a review of its ADVM-022 program, outlined plans for the next stage of development in wet age-related macular degeneration and provided anticipated key milestones for 2022. Phase 2 Trial Design. Subject to regulatory review, Adverum is finalizing the design for a Phase 2 trial of ADVM-022 in wet AMD investigating the 2 X 10^11 vg/eye dose and a lower 6 X 10^10 vg/eye vg/eye dose, with three new enhanced steroid prophylaxis regimens, which the company anticipates will include a topical, intravitreal and a combination of systemic and local steroids. The trial is expected to enroll approximately 72 patients and evaluate similar endpoints to the Phase 1 OPTIC trial in wet AMD. This study design is based on extensive analysis conducted by the company's clinical development team and incorporates feedback from Adverum's scientific advisory board and key retina, uveitis and gene therapy experts. IND Amendment. Adverum intends to file an investigational new drug amendment in the first half of 2022 and engage with the FDA with the aim of securing agreement on the Phase 2 trial design. The company anticipates completing this process by mid-2022. Phase 2 Initiation. Adverum is beginning preparations for the Phase 2 trial of ADVM-022 in wet AMD, with the intention of dosing the first patient in Q32022. Early feedback from potential Phase 2 investigators suggests completion of trial enrollment by year end 2022. Fully Resourced. Adverum reiterates its expectation that its cash position is sufficient to fund the company's operations, including its development plans for ADVM-022, into 2024. Review of ADVM-022 Program: During the second half of 2021, Adverum undertook a comprehensive review of the company's ADVM-022 program, including analysis of its preclinical and clinical data. The review solidified the following rationale underpinning the development strategy and Phase 2 study design outlined today for ADVM-022 in wet AMD: Phase 1 Clinical Outcomes of ADVM-022 in Wet AMD: In October 2021, Adverum presented two-year follow-up data from its Phase 1 OPTIC study in wet AMD patients at the Retina Society's 54th Annual Scientific Meeting. The data presented demonstrated a greater than 80% reduction in annualized anti-VEGF injections following the 2E11 vg/eye ADVM-022 IVT injection that is expected to be validated in the Phase 2 study. ADVM-022 in wet AMD has been well tolerated and ocular inflammation was minimal and responsive to steroid eye drops. At latest visit, all 2E11 vg/eye patients were inflammation-free and none required any steroid eye drops to treat inflammation. Underlying Pathology and Patient Characteristics: The INFINITY data in diabetic macular edema indicate that poorly controlled diabetes with presence of microvascular and macrovascular diabetic complications are important criteria in the identification of an appropriate patient population for ADVM-022, and these criteria have been considered in the proposed design of the Phase 2 trial in wet AMD. Patient Safety Update: No clinically relevant reduction in intraocular pressure was observed in the 2E11 vg/eye dose group in wet AMD or DME in either OPTIC or INFINITY trials, respectively. Additionally, in the OPTIC trial, clinically relevant IOP decreases were not observed at the 6 X 10^11 vg/eye doses in wet AMD patients. No OPTIC patients with diabetes at both 6E11 and 2E11 in wet AMD, had clinically meaningful reduction in IOP. Adverum worked with its advisors and investigators to develop a treatment plan to halt progression to hypotony in DME patients who previously received the 6E11 vg/eye dose in the INFINITY trial. While Adverum is no longer pursuing an indication in DME or continuing development of the 6E11 vg/eye dose in wet AMD, all patients who experienced hypotony in the 6E11 vg/eye dose in INFINITY have stabilized and the majority recovered a significant amount of vision following the treatment plan. ADVM-022 Dosing: The company will evaluate a new lower dose of 6E10 vg/eye alongside the 2E11 vg/eye dose used in the OPTIC study. Adverum plans to submit data, including relevant non-human primate protein expression supporting the 6E10 vg/eye dose in humans, at an upcoming 2022 medical conference. Adverum also undertook an analysis of the impact of baseline neutralizing antibodies to AAV.7m8, the company's novel capsid, on ADVM-022's treatment benefit to potentially inform the planned Phase 2 trial design. Importantly, in OPTIC patients, the greater than80% reduction in annualized anti-VEGF injections observed at the 2E11 vg/eye dose further increased when patients with high NAbs were excluded. These data are expected to be submitted to a medical conference in 2022. Enhanced Steroid Prophylaxis: Adverum, in consultation with experts in retina, uveitis and gene therapy, is pursuing three steroid prophylaxis regimens as part of the Phase 2 study with the goal of establishing a predictable and effective prophylaxis to administer with ADVM-022 IVT gene therapy. Subject to regulatory review, the steroid prophylaxis treatments under consideration includes a local topical steroid regimen that is longer in duration than in the OPTIC trial, a local-IVT steroid to facilitate patient adherence, and an oral systemic steroid in combination with a local steroid option.
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URGN | Hot Stocks08:05 EST UroGen Pharma announces first patient dosed in UGN-102 study - UroGen Pharma announced that the first patient has received their first dose in its home instillation study of UGN-102 in patients with low-grade, intermediate-risk non-muscle invasive bladder cancer. The objective of this Phase 3b study, which aims to enroll up to ten patients across four centers, is to demonstrate whether UGN-102 can be administered at home by a qualified home health professional, avoiding the need for repeated visits to a healthcare setting for instillation.
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NTNX | Hot Stocks08:04 EST Nutanix CEO sells $5.79M in common stock - In a regulatory filing, Nutanix disclosed that its CEO Rajiv Ramaswami sold 190.7K shares of common stock in a transaction size of $5.79M on December 16th, reducing his stake by about 56%.
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DRIO | Hot Stocks08:03 EST DarioHealth announces partnership with employer benefits brokerage - DarioHealth announced a new strategic partnership with a leading employer benefits brokerage to sell its digital therapeutic solutions for diabetes, hypertension and musculoskeletal health as part of a new premier employee health benefits product for small businesses. The product will be made available to the Partner's more than 2,300 clients beginning in early 2022. The Partner selected Dario as the sole polychronic condition management solution within the preferred bundle to complement medical and pharmaceutical coverage, clinical navigation services, telehealth and centers of clinical excellence.
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HOTH | Hot Stocks08:03 EST Hoth Therapeutics submits Orphan Drug Designation Request to FDA for HT-KIT - Hoth Therapeutics announced it submitted an Orphan Drug Designation Request to the U.S. FDA for HT-KIT for the treatment of mastocytosis. HT-KIT is an antisense oligonucleotide that targets the proto-oncogene cKIT by inducing mRNA frame shifting, resulting in apoptosis of neoplastic mast cells.
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VCTR | Hot Stocks08:03 EST Victory Capital announces new $15M share repurchase program - Victory Capital announced that its board of directors has approved a new common stock repurchase program authorizing the repurchase of up to $15M of its common stock through December 31, 2023. The company's current $15M stock repurchase authorization, initiated in May of this year, has been largely completed.
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ZGNX | Hot Stocks08:03 EST Zogenix submits J-NDA for FINTEPLA to the Japanese MHLW - Zogenix announced that it has submitted a New Drug Application, J-NDA, to the Japanese Ministry of Health, Labour & Welfare, MHLW, for the marketing approval of FINTEPLA for the treatment of epileptic seizures associated with Dravet syndrome in Japan. FINTEPLA received Orphan Drug Designation from Japan's Ministry of Health, Labour & Welfare in August 2021. The submission is supported by the results of Study 3, Phase 3 study, of 143 children and young adults with Dravet syndrome, including trial participants from Japan, whose seizures were not adequately controlled by existing anti-epileptic drugs. Study 3 met its primary objective in demonstrating that patients in the FINTEPLA 0.7 mg/kg/day group achieved a 64.8% greater reduction in mean monthly convulsive seizures compared to the placebo group.
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NAOV | Hot Stocks08:02 EST NanoVibronix enters distribution agreement with Medina Healthcare in Malta - NanoVibronix announced that it has commenced sales in Europe with the signing of a distribution agreement with Medina Healthcare in Malta.
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PPSI | Hot Stocks08:02 EST Pioneer Power announces $12M order for its E-Bloc product - Pioneer Power Solutions announced a significant order for its E-Bloc product. This initial order, valued at approximately $12M, is expected to double sales in Pioneer's T&D Solutions business in 2022. Specifically, this award represents 62 E-Bloc units and is part of a proposed program whereby the mass merchandiser expects to ultimately equip approximately 500 of its stores with E-Bloc type product.
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HEPA | Hot Stocks08:02 EST Hepion Pharmaceuticals announces FDA clearance of IND application for CRV431 - Hepion Pharmaceuticals announced that the U.S. Food and Drug Administration has accepted its investigational new drug application for CRV431, a liver-targeting, novel cyclophilin inhibitor, for the treatment of hepatocellular carcinoma. On July 29, 2019, Hepion received FDA authorization of an IND to initiate the study of CRV431 for the treatment of NASH. To date, Hepion has completed Phase 1 studies in healthy volunteers and, more recently, announced positive data from its Phase 2a 'AMBITION' trial in subjects with presumed F2 and F3, where CRV431 was well tolerated, and all primary endpoints were met. A larger Phase 2b NASH study of over 300 subjects with paired liver biopsies, called 'ASCEND-NASH', is expected to be initiated in 2022. ASCEND-NASH will evaluate CRV431's effects on the histologic endpoints of liver steatosis and fibrosis over 12 months dosing.
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TTNP | Hot Stocks08:01 EST Titan Pharmaceuticals to explore strategic alternatives, engages Maxim Group - Titan Pharmaceuticals announced that it has commenced a process to explore and evaluate strategic alternatives to enhance shareholder value. Titan has engaged Maxim Group as its exclusive financial advisor to assist in this process. Potential strategic alternatives that may be explored or evaluated as part of this process include an acquisition, merger, reverse merger, other business combination, sales of assets, licensing or other strategic transactions involving the company. There can be no assurance that the exploration of strategic alternatives will result in any agreements or transactions, or that, if completed, any agreements or transactions will be successful or on attractive terms. Titan does not expect to disclose developments with respect to this process unless and until the evaluation of strategic alternatives has been completed or the board of directors has concluded that disclosure is appropriate or legally required.
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SKYW ERJ | Hot Stocks08:00 EST SkyWest to purchase 100 of Eve Air Mobility's eVTOL - Eve Air Mobility, an Embraer (ERJ) company, and SkyWest (SKYW), announced a Memorandum of Understanding and non-binding Letter of Intent for SkyWest to purchase 100 of Eve's electric vertical takeoff and landing aircraft, or eVTOL. The partnership will focus on developing a network of deployment throughout the U.S. SkyWest and Eve have also committed to develop a portfolio of services-based capabilities to optimize eVTOL performance in key early adopter cities that will be prioritized for initial Urban Air Mobility operations.
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SAVA | Hot Stocks07:56 EST Cassava up 40% as traders circulate Neuroscience editorial note - Shares of Cassava Sciences are up $14.83, or 40%, to $51.60 in pre-market trading as traders circulate an "Editorial note" published by "Neuroscience" regarding a paper previously published by HY Wang et al related to Cassava Sciences. The note states: "In response to allegations of data manipulation in an article published in Neuroscience Vol 135, Issue 1, 2005, Pages 247-261, and following COPE (Committee on Publication Ethics) guidelines, the journal asked the authors for images of the original, uncropped Western blots from this study. After careful examination of these original material, Neuroscience found no evidence of manipulation of the Western blot data or other figures of this publication. For transparency, the illustrations containing the uncropped Western blot images used for the assembly of these figures that were subjected to scrutiny can be found below. Any subsequent information arising from the institutional investigation will be considered once available." Reference Link
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ERJ ZNTE | Hot Stocks07:48 EST Embraer, Zanite Acquisition Corp. enter business combination agreement - Embraer (ERJ), pursuant to CVM's Resolution No. 44, dated August 23rd, and in connection with the material fact disclosed on June 10th, hereby informs its shareholders and the market in general that the company, along with two of its subsidiaries, Eve UAM, LLC and Embraer Aircraft Holding, and Zanite Acquisition Corp. (ZNTE), entered into, on this date, a Business Combination Agreement. Under the Business Combination Agreement, the company's urban air mobility business, which includes the development and certification of electric vertical take-off and landing vehicles, the creation of a maintenance and services network for eVTOLs and the creation of an air traffic management system for eVTOLs, will be combined with Zanite and the resulting entity will be publicly traded in the United States. In connection with the Combination, the company, Eve and EAH also entered into a Contribution Agreement, which governs the transfer of certain assets and liabilities related to the UAM Business to Eve and the transfer of Eve's units to EAH in preparation for the Combination. The Combination will be implemented through an exchange of Eve's units, which are owned by EAH, for shares of Zanite common stock. After the exchange is effected, Eve will become a wholly owned subsidiary of Zanite and Zanite will change its corporate name to EVE Holding. In connection with the Combination, the company also entered into new agreements to provide products, inputs, and services to Eve which will continue to be effective after the Combination is completed. Upon closing of the Combination, EAH will own 237.5M shares of New Eve's common stock, representing approximately 82% of the outstanding shares of New Eve as of the closing. EAH will receive 220M shares in exchange for Eve's units, and 17.5M shares against a cash contribution of $175M. The remaining shares of common stock will be owned by the Zanite's public shareholders, Zanite's sponsor and certain third-party investors who enter into subscription agreements to purchase shares of Zanite common stock at the closing of the Combination. In connection with such commitments, Embraer has entered into arrangements with certain of such strategic investors to provide them with price protections in the amount of up to their $30M aggregate commitments in the form of credits for parts and services or cash in exchange for the transfer of shares to Embraer. New Eve will be listed on the New York Stock Exchange and will be required to disclose reports and financial information relating to its activities pursuant to the regulations of the United States SEC. The Combination, which has been unanimously approved by Zanite's board of directors and the company's board of directors, is expected to close in the second quarter of 2022, subject to approval by regulators, approval of the transaction by Zanite's shareholders and other customary conditions.
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ONDS | Hot Stocks07:38 EST Ondas Networks receives order for North American Rail Lab - Ondas Holdings announced that Ondas Networks' has received a radio system order for the implementation of the North American Rail Lab. The Rail Lab, hosted at Ondas Networks headquarters in Sunnyvale, CA, serves multiple purposes including interoperability and coexistence testing of 802.16 compliant wireless systems, customization and optimization of different network rail configurations, and next generation rail application testing. Importantly, the lab is focused on multiple frequency bands and networks beyond the 900 MHz that Ondas is targeting for commercial deployment. "We believe the Rail Lab is a critical resource for our rail customers as they incorporate Ondas' 802.16 compliant wireless platform across their wide field of operations," said Eric Brock, Ondas Chairman and CEO.
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BHP | Hot Stocks07:38 EST Noront board recommends Wyloo Metal's 'superior offer' - Wyloo Metals has reached an agreement with the Board of Directors of Noront Resources, which has unanimously determined that the Wyloo Metals offer is superior to the offer previously made by BHP Western Mining Resources International Pty Ltd. Pursuant to a statutory Plan of Arrangement under the Business Corporation Act, each Noront shareholder will be given the option of continuing to participate in Noront's unrealized potential by remaining as a shareholder, and accepting cash consideration of Cdn$1.10 per share for some or all of their shares. A superior offer price Consideration of Cdn$1.10 in cash per share represents a 47% premium to the BHP offer of Cdn$0.75 in cash per share. Noront shareholders do not need to take any action. The Wyloo Offer is subject to BHP's right to match period of five business days. If BHP does not exercise its right to match, Wyloo Metals and Noront will immediately enter into an Arrangement Agreement. Following this, Noront shareholders will be provided with information in advance of a Special Meeting of Shareholders to vote on the Plan of Arrangement and subsequently make their elections regarding the transaction consideration. Completion of the Wyloo Offer, which will be subject to the terms and conditions of the Arrangement Agreement, is expected to occur in March/April 2022.
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UNVR | Hot Stocks07:37 EST Univar unit signs distribution agreement with Kalsec - Europe, Univar B.V., a subsidiary of Univar Solutions, announced it has expanded its Ingredients & Specialties portfolio through a new exclusive distribution agreement with Kalsec. Kalsec's innovative products are naturally sourced from herbs, spices, vegetables and hops for use in the food and beverage industries in countries across Europe
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CTO | Hot Stocks07:36 EST CTO Realty Growth announces acquisition in Orlando, Florida - CTO Realty Growth announced the acquisition of a 28,000-square foot property in the Winter Park suburb of Orlando, Florida for $13.2M. "This is a very exciting acquisition for us and an attractive option as we looked to establish a presence in Orlando to accommodate our growing team," said John P. Albright, President and Chief Executive Officer of CTO Realty Growth. "Orlando is experiencing unprecedented growth as more and more people relocate to Florida, and Winter Park is benefitting as one of the area's strongest and most sought-after submarkets. The Property's terrific location, existing leasing opportunity in an extremely tight office market, and long-term redevelopment potential make this an excellent addition to our growing, high-quality portfolio." The Company will seek to lease the entire 8,250-square foot third floor to a third-party tenant and will establish a new office at the Property in the first half of 2022. CTO will also continue to maintain an office presence in Daytona Beach. In the future, the Company may look to redevelop the Property by increasing leasable square footage.
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PXS | Hot Stocks07:36 EST Pyxis Tankers announces delivery of 2017 product tanker Pyxis Lamda - Pyxis Tankers announced that pursuant to a previously announced transaction, on December 20, 2021, the Company took delivery of the Pyxis Lamda, a 50,296 dwt medium range product tanker built in 2017 at SPP Shipbuilding in South Korea. The Pyxis Lamda was acquired from an entity related to the family of Company Chairman and CEO, for a purchase price of $32 million. After her first special survey, the Pyxis Lamda will seek commercial employment in early January, 2022. On December 20th, the Company also entered into a new $29 million senior loan facility, under which borrowings of $21.68 million were used to finance a portion of the purchase price of Lamda Acquisiton and $7.32 million were used to refinance the Company's existing indebtedness secured by the Pyxis Malou.
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PAR | Hot Stocks07:34 EST Par Technology gets $15.2M U.S. Navy award at Lago Patria, Italy - PAR Technology announced that the U.S. Navy has awarded its subsidiary, Rome Research, a five-year $15.2M contract to provide uninterrupted operations and maintenance, O&M, support at the Global Information Grid, GIG, facility in Lago Patria and Sicily, Italy. RRC is a leading provider of large satellite gateway O&M services providing interconnectivity to all facets of the Department of Defense and has supported the Lago Patria facility since 2005. The Naval Satellite Communications Facility - Lago Patria is a premier DoD satellite gateway site supporting a global network of information capabilities, processes and personnel. The facility supports collecting, processing, storing, disseminating and managing information on demand for use by military commanders, policy makers and support personnel. The facility supports wartime and peacetime strategic, operational, tactical and business functions spanning U.S. DoD, national security and related intelligence community missions. Additionally, it provides interfaces to coalition, allied and non-DoD users and systems around the globe.
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AEHR | Hot Stocks07:34 EST Aehr Test Systems receives new order for four FOX-NP test & burn-in systems - Aehr Test Systems announced it has received an order from a current silicon photonics customer for four additional FOX-NP systems to support the characterization and product qualification of new photonics based devices. The FOX-NP systems are expected to ship over the next six to seven months. Gayn Erickson, President and CEO of Aehr Test Systems, commented, "This customer, one of the world's largest semiconductor manufacturers, continues to use Aehr for wafer level burn-in and stabilization of their silicon photonics wafers and is adding these FOX-NP systems for a new photonics based device application. Configured with two blades, each of these new FOX-NP systems allows two wafers to be tested in parallel using our proprietary WaferPak Contactors and enables testing either two of the same wafers or two different wafers with different test plans. This customer is expected to purchase new sets of WaferPaks to be used with these systems. As the applications and market for silicon photonics based devices continue to grow, we expect this customer to continue to increase their capacity in the future."
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BHP | Hot Stocks07:34 EST Wyloo Metals to acquire Noront for C$1.10 per share - Noront Resources announced it has settled an arrangement agreement with Wyloo Metals Pty Ltd and Wyloo Canada Holdings under which Wyloo Metals has agreed to acquire up to all of the issued and outstanding common shares of Noront that it does not already own, directly or indirectly, for C$1.10 per Common Share by way of a statutory plan of arrangement under the Business Corporation Act. Under the Arrangement Agreement, shareholders must make an election to sell all or a portion of their Common Shares to Wyloo Metals in order to receive cash consideration of C$1.10 per Common Share. Shareholders who do not make a Sale Election will retain their Common Shares following the closing of the Transaction. Notwithstanding the foregoing, Wyloo Metals will have an option to acquire all of the Common Shares that it does not already own, directly or indirectly, for C$1.10 per Common Share - including those Common Shares not subject to a Sale Election - if less than 10% of the outstanding Common Shares are not subject to a Sale Election. The consideration of C$1.10 in cash per share under the Wyloo Offer represents an approximate 358% premium to the unaffected closing price of the Common Shares on May 21, 2021 and an approximate 47% premium to the cash offer of C$0.75 per Common Share made by BHP Western Mining Resources International. Pursuant to the terms of the support agreement among Noront, BHP and BHP Lonsdale Investments, upon the Company making a determination that a superior proposal has been received, BHP has the right, but not the obligation, to offer to amend the terms of the BHP Offer. BHP has five business days from receiving notice of the superior proposal in accordance with the terms of the Support Agreement to negotiate with Noront, should BHP decide to do so, to amend the terms of the existing Support Agreement such that the Wyloo Offer is no longer considered by the Noront Board of Directors to be superior to the amended BHP offer. If BHP does not exercise its right to match within the period provided for in the Support Agreement and Noront terminates the Support Agreement, or the Support Agreement is otherwise terminated in accordance with its terms for any reason, then the Arrangement Agreement will be immediately entered into by the Company and Wyloo Metals. If the Arrangement Agreement is going to be entered into, Wyloo Metals has also agreed to provide a loan to Noront of up to C$29.38 million to finance, among other things, the termination payment of C$17.78 million payable to BHP upon the termination of the Support Agreement, as well as other transaction related costs. The term of the Wyloo Loan will be 12 months from completion of the Wyloo Metals transaction, with interest of 5% per annum payable quarterly in either cash or common shares of Noront, at the option of Noront and subject to receiving shareholder approval for the payment of interest in common shares of Noront, and subject to the approval of the TSX Venture Exchange. It is expected that, if the Support Agreement is terminated, certain Noront shareholders, including Noront directors and senior management, will enter into lock-up agreements under which they will agree to vote in support of the Wyloo Offer. Wyloo Metals currently holds approximately 37.2% of the outstanding Common Shares. The terms of the Arrangement Agreement, if executed, will provide that Wyloo Metals will be entitled to a termination payment of C$26 million if the Arrangement Agreement is terminated in certain circumstances. This termination payment will not be payable if BHP elects to match the Wyloo Offer and Noront and Wyloo Metals therefore do not enter into the Arrangement Agreement.
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MNMD | Hot Stocks07:34 EST MindMed announces FDA put on hold IND submission for Phase 2b trial of LSD - Mind Medicine announced that the FDA has placed a clinical hold on its IND submission intended to support the initiation of a Phase 2b trial of lysergic acid diethylamide, or LSD, for the treatment of generalized anxiety disorder, or GAD. Additional detail regarding the FDA's decision is expected within 30 days.
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HTBX | Hot Stocks07:33 EST Heat Biologics announces planned acquisition of Elusys Therapeutics - Heat Biologics announced it has executed a definitive merger agreement to acquire Elusys Therapeutics, a commercial-stage biodefense company and the manufacturer of ANTHIM Injection, pursuant to which Elusys will merge into a wholly owned subsidiary of Heat. The acquisition is expected to close during the first quarter of 2022 and is subject to customary closing conditions. ANTHIM is approved for use in the U.S. and Canada, and in Europe and the United Kingdom under the brand name Obiltoxaximab SFL. "The strategic acquisition of Elusys is intended to enhance Heat's immunotherapy portfolio and further position Heat to take a lead role in the biodefense space," the company said. The addition of ANTHIM, together with Heat's previously announced RapidVax platform designed to target emerging biological threats, would significantly expand the company's infectious disease product portfolio. Through ongoing, multi-year partnerships with the U.S. government, Elusys has been supplying ANTHIM to the U.S. Strategic National Stockpile-the government's repository of critical medical supplies for biowarfare preparedness. Following the closing of this acquisition, Elusys will continue to operate as a wholly owned subsidiary of Heat. Under the terms of the merger agreement with Elusys, Heat will acquire all outstanding shares of Elusys. No stock or warrants will be issued in connection with the acquisition, and Elusys has no outstanding debt. Jeff Wolf, Chief Executive Officer of Heat, commented, "We are excited to announce the signing of a definitive merger agreement for this transformative planned acquisition of Elusys. This is an important step in realizing our vision to develop and commercialize new biopharmaceuticals and vaccines for the global biodefense market... Our goal is to expand global sales and leverage our capabilities to supply ANTHIM worldwide."
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MNSO | Hot Stocks07:32 EST Miniso announces $200M share repurchase program - Miniso announced that its board of directors has authorized a share repurchase program under which the company may repurchase up to $200M of its outstanding Class A ordinary shares and/or American depositary shares representing its Class A ordinary shares, effective until September 21, 2022. The company expects to fund repurchases under this program from surplus cash on its balance sheet.
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MORN | Hot Stocks07:32 EST Morningstar to acquire 100% of Praemium's operations in the UK - Morningstar and Praemium have reached an agreement for Morningstar to acquire 100% of Praemium's operations in the United Kingdom, Jersey, Hong Kong, and Dubai. The consideration for the transaction will comprise cash of GBP35M, subject to completion adjustments. Across its U.K. and international business, Praemium offers proprietary, friction-free SaaS-based technology and services that allow fee-based advisers to outsource key elements of the advice workflow. Its platform is used by nearly 500 independent financial advisers and provides access to investment lineups to serve end clients. Completion of the Transaction remains subject to regulatory approval from the Financial Conduct Authority in the United Kingdom and the Jersey Financial Services Commission in Jersey, and other customary conditions. Morningstar and Praemium expect to complete the transaction during Q2 or Q3 2022.
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KPTI | Hot Stocks07:31 EST Karyopharm, Menarini Group enter license agreement for NEXPOVIO - Karyopharm Therapeutics and the Menarini Group announced their entry into an exclusive licensing agreement whereby Menarini will commercialize NEXPOVIO, Karyopharm's first-in-class, oral Selective Inhibitor of Nuclear Export compound, in Europe and other key global territories. Under the terms of the agreement, Menarini received exclusive rights to commercialize NEXPOVIO for the treatment of oncology indications in the European Union and other European countries (including the United Kingdom), Latin America and other key countries. In exchange, Karyopharm will receive an upfront payment of $75M in 2021 and is eligible to receive up to an additional $202.5M in future milestones, plus tiered double-digit royalties on net sales of NEXPOVIO in the licensed territories.
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IMV MRK | Hot Stocks07:20 EST IMV finalizes basket clinical study evaluating MVP-S in collaboration with Merck - IMV (IMV) announced the finalization of the basket clinical study evaluating maveropepimut-S, MVP-S, previously known as DPX-Survivac, in combination with Merck's (MRK) KEYTRUDA in patients with metastatic bladder and Micro-Satellite Instability High, MSI-H, solid tumors. "The top line clinical data from both the bladder and MSI-Hi cohorts are promising, further showcasing the potential of MVP-S as an immune-educating therapy in multiple cancer indications," said Jeremy Graff, Ph.D., Chief Scientific Officer at IMV. "We are particularly encouraged by the responses in patients previously treated with immune checkpoint inhibitors and look forward to meeting with our key opinion leaders to map out follow-on studies in these indications." Olivier Rixe, M.D., Ph.D., Director, Principal Investigator at Quantum Santa Fe in New Mexico, and Principal Investigator of the study, commented, "We are especially motivated by the responses observed in advanced, metastatic bladder cancer, where patients previously treated with an immune checkpoint inhibitor demonstrated clinical response, including complete responses."
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FSR | Hot Stocks07:19 EST Fisker partners with Bridgestone for maintenance solutions in France, Germany - Fisker announced it has signed a memorandum of understanding, or MOU, with Bridgestone to provide after-sales and related maintenance solutions in France and Germany. After recently selecting Bridgestone as the exclusive tire partner for its upcoming Ocean all-electric SUV, Fisker is extending its collaboration with the global company. As part of this new partnership, and as an industry first, Bridgestone will leverage its EV-ready retail and service network to provide Fisker's customers in France and Germany with extensive after-sales services throughout the Speedy, Pitstop and Reiff-ABS networks, all part of Bridgestone's extended retail network in Europe. Speedy includes over 450 locations throughout France, while in Germany, the combination of Pitstop and Reiff-ABS offers services at more than 300 locations across the country. Fisker will work with Bridgestone to select the most appropriate sites from its service network in France and Germany to address Fisker's customers' needs and specificities.
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PFGC | Hot Stocks07:17 EST Performance Food Group names Craig Hoskins COO, Patrick Hagerty CCO - Performance Food Group announced management changes designed to align the company's reporting structure with its strategy to capture growth opportunities across business units. Effective January 3, Craig Hoskins has been appointed president and COO, overseeing PFG's Foodservice and Vistar operations, and Patrick Hagerty has been appointed executive VP and chief commercial officer, or CCO. Both continue to report to George Holm, PFG chairman and CEO.
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MEDIF | Hot Stocks07:14 EST Medipharm Labs provides update on profitability improvement initiatives - MediPharm Labs is pleased to provide an update on the significant strategic profitability improvement initiatives underway at the Company. 2021 was a year of transition for MediPharm Labs and paved the strategic foundation for the future. The following highlights the Company's focus areas on its path to profitability. The company said, "MediPharm Labs continues to operate with a strong cash position and clean balance sheet. With the Company's only debt agreement being a 2020 convertible debenture that holds a balance of less than $500K, down from an original balance of over $40M. This position paired with a robust plan to reduce overhead, operating expenses and general and administrative expenses gives MediPharm Labs longevity to execute on its sales contracts and pipeline...MediPharm Labs is not an ordinary cannabis company. Being the only purpose-built facility in North America to receive a domestic GMP licence specifically for the extraction of natural cannabinoids, MediPharm Labs continues to use its Drug Establishment Licence to build its pharmaceutical business. There are over 20 strong novel cannabinoid-based drugs currently in the late-stage research process and this business continues to develop with the approach of FDA patent challenges for generic forms of current drugs. Notwithstanding the longer pharmaceutical sales cycle of these products, MediPharm Labs has already shipped GMP CBD for development purposes to multiple established pharmaceutical companies...In 2021, MediPharm Labs delivered medical cannabis products to five different countries providing its clients, including pharmaceutical and large cannabis companies, with a full product and supply chain solution so that they can focus on their end consumer. MediPharm Labs being one of the only white label providers in international markets has resulted in multiple contracts and filled the Company's sales pipeline with opportunity that will be monetized as regulatory channels open. Projects like Brazilian product authorization will unlock new international revenue opportunities in 2022. Adding multiple new customers to the Company's international business has allowed for new volume-based buying that will improve gross margins on international business in the near term....Although MediPharm Labs long-term focus has been international wellness and pharmaceutical markets, Canada offers the Company near-term positive margin and a product development testing ground. MediPharm Labs intention is to capitalize on opportunities to grow where it is strategically aligned...MediPharm Labs premium cannabis oil has an average price of nearly double what the Company's top competitors are selling for. This shows that consumers recognize the value in a higher quality product offering. To expand in this category, MediPharm Labs will continue to focus on its premium portfolio sales in retail while driving innovation. The Company continues to launch unique oil SKUs with its new Cannabinol with only trace amounts of THC oil launched in Q4 2021."
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NKLA | Hot Stocks07:14 EST Nikola to pay $125M to SEC in settlement agreement - Nikola announced a resolution with the U.S. SEC. As part of the resolution, Nikola has agreed to pay $125M to the SEC in five installments over two years. The first installment will be paid by the end of 2021, and the remaining installments will be paid semiannually through 2023. The company previously disclosed on November 4, 2021 that it had taken a $125M reserve in its third quarter earnings to account for the expected settlement. Nikola commented further: "We are pleased to bring this chapter to a close as the company has now resolved all government investigations. We will continue to execute on our strategy and vision to deliver on our business plan, including delivering trucks to customers, expanding our manufacturing facilities and our sales and service network, and building out our hydrogen infrastructure ecosystem including hydrogen production, distribution and dispensing stations. Under the terms of the resolution, Nikola neither admits nor denies the SEC's findings in this matter. The company has taken action to seek reimbursement from its founder, Trevor Milton, for costs and damages in connection with the government and regulatory investigations."
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SDGR | Hot Stocks07:13 EST Schrodinger announces retirement of CFO Joel Lebowitz - Schrodinger announced that Joel Lebowitz is retiring from his position as CFO. Lebowitz will remain in his role as chief financial officer until February 28, 2022, to ensure a transition, and Schrodinger will immediately begin a search for his successor.
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RPTX | Hot Stocks07:13 EST Repare Therapeutics doses 1st patient in RP-6306 combo trial with gemcitabine - Repare Therapeutics announced the first patient has been dosed in the Company's Phase 1 clinical trial of RP-6306, a first-in-class small molecule candidate targeting PKMYT1, in combination with gemcitabine for the treatment of molecularly selected advanced solid tumors . "Dosing of the first patient in the Phase 1 RP-6306 trial in combination with gemcitabine, alongside our ongoing monotherapy "MYSTIC" trial, is an exciting milestone for Repare as we continue to advance our unique precision oncology pipeline across multiple fronts," said Maria Koehler MD, PhD, Chief Medical Officer of Repare. "MAGNETIC will assess the safety and tolerability of RP-6306 in combination with gemcitabine. It will enroll approximately 104 patients with tumors harboring genomic alterations that were identified through Repare's proprietary STEP2 screens. We look forward to providing updates on RP-6306 later in 2022." This multicenter Phase 1 study aims to determine the maximum tolerated dose , identify a recommended phase 2 dose and preferred schedule, and assess preliminary anti-tumor activity.
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ADMA | Hot Stocks07:13 EST ADMA Biologics adopts limited duration stockholder rights plan - ADMA Biologics announced that its Board of Directors has approved the adoption of a 6-month term stockholder rights plan and declared a dividend distribution of one right for each outstanding share of common stock. The record date for the dividend distribution is December 30, 2021. The Rights Plan will expire, without any further action required to be taken by ADMA's Board of Directors, on June 15, 2022. "The Rights Plan provides the Board of Directors with time to make informed decisions that are in the best long-term interests of ADMA and its stockholders and does not prevent ADMA's Board of Directors from considering any offer to acquire ADMA that it considers to be in the best interest of ADMA's stockholders," the company said. The Rights Plan is similar to the stockholder rights plan previously adopted by ADMA and adopted by other publicly traded companies.
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CGAU | Hot Stocks07:11 EST Centerra does not see 'material' impact at Mount Milligan from rail disruptions - Centerra Gold reported that it does not expect any material impact on the Mount Milligan Mine's planned production or sales for the fourth quarter of 2021 resulting from recent rail and other logistic service disruptions in British Columbia. The Company today completed its third gold and copper concentrate sale in the fourth quarter and has produced sufficient concentrate and expects to recognize its fourth and final shipment as planned in 2021. The Company's 2021 guidance for the Mount Milligan remains unchanged from figures already reported in the Outlook section in our MD&A filed on November 5, 2021 and available on SEDAR at www.sedar.com: Gold production: 180,000 to 200,000 ounces. Copper production: 70 to 80 million pounds. Gold production costs per ounce: $650 to $700 per ounce. All-in sustaining costs on by-product basisNG per ounce: $530 to $580 per ounce. Scott Perry, President and CEO of Centerra stated, "We recognize and greatly appreciate the effort made by the Mount Milligan team, our First Nations partners and our local service providers to ensure we remain on track to safely deliver our 2021 guidance, especially in very difficult circumstances caused by the severe flooding events in British Columbia."
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CUZ AMZN | Hot Stocks07:11 EST Cousins Properties signs lease with Amazon for Domain 9 development in Austin - Cousins Properties (CUZ) announced that it has signed a 330,000 square foot lease with Amazon (AMZN) to occupy 100% of its Domain 9 development in Austin. Amazon employs more than 3,000 people in Austin and currently leases space at several other Cousins assets within the Domain submarket. Amazon plans to occupy the new space in Domain 9 in three phases beginning in the first quarter of 2024.
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CLSD | Hot Stocks07:09 EST Clearside announces safety results from OASIS Phase 1/2a trial of CLS-AX - Clearside Biomedical announced positive safety results from OASIS, its ongoing Phase 1/2a clinical trial of CLS-AX administered by suprachoroidal injection via Clearside's SCS Microinjector. OASIS is evaluating CLS-AX for the treatment of neovascular age-related macular degeneration. Data reported includes results from Cohort 2 as well as combined data from Cohorts 1 and 2. The primary endpoints were achieved in Cohort 2, as the 0.1 mg dose of CLS-AX was well tolerated with no serious adverse events; there were no treatment emergent adverse events related to aflibercept, CLS-AX or the suprachoroidal injection procedure; and there was no dispersion of drug into the vitreous. In addition, there were no adverse events related to intraocular pressure, inflammation, or vasculitis. The OASIS Safety Monitoring Committee has reviewed the data and approved advancing to Cohort 3 with a dose of 0.5 mg of CLS-AX. Data Summary: In Cohort 2, five patients were enrolled with an average age of 78 years. In Cohort 2, at three months post CLS-AX dose, one patient did not require any retreatment and one other patient was retreated per protocol defined retreatment criteria. Two patients were retreated at month two and one patient was retreated at month one, although based on independent reading center assessment, the protocol defined retreatment criteria were not met in these three patients. In the combined Cohorts 1 and 2, eleven patients were enrolled with an average age of 80 years. In the combined cohorts: four patients went at least three months post CLS-AX dosing without retreatment; six patients went two months without retreatment; and one patient was retreated at one month. The mean best corrected visual acuity score as measured by Early Treatment Diabetic Retinopathy Study letters and the mean change in central subfield thickness of the macula were stable in the combined first two cohorts of the OASIS study.
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PHRRF | Hot Stocks07:08 EST PharmaTher provides update on product pipeline, expected milestones - PharmaTher is pleased to provide a product pipeline update and expected milestones for 2022. The Company's Phase 2 clinical trial to evaluate the safety, efficacy and pharmacokinetics of ketamine in the treatment of levodopa-induced dyskinesia in patients with Parkinson's disease is currently ongoing and the Company now expects topline results in Q1-2022. Positive Phase 2 clinical results will allow the Company to request a meeting with the FDA to discuss its plan and obtain an agreement to move to a Phase 3 clinical study under the 505(b)2 regulatory pathway by Q3-2022. PharmaTher has an exclusive license agreement with the University of Arizona for the intellectual property protecting the potential use of ketamine to treat movement disorders. The possible therapeutic effect of low-dose ketamine on LID was noted in a retrospective analysis of Parkinson's disease patients who received ketamine for pain relief. During this analysis, it was observed that the patients experienced an improvement in LID lasting several weeks beyond treatment. These results were corroborated in a test of low-dose ketamine in a rodent LID model, and this possible effect has also been examined in a controlled study. An Investigator-initiated IND application has been submitted and it is expected the FDA will accept the IND to proceed to a clinical study for ketamine to treat ALS patients within the next 30 days. Patient enrollment is targeted for Q1-2022. On August 3rd, 2021, the Company was granted orphan drug designation by the FDA for ketamine to treat ALS. PharmaTher has an exclusive license agreement with the University of Kansas for the intellectual property protecting the potential use of ketamine to treat ALS. Ketamine has the potential to effectively increase the life expectancy of those with ALS at any stage and slow the progressive loss of muscle associated with poor outcomes of the disease. The University of Kansas Medical Center researchers and inventors of the potential use of ketamine to treat ALS, Dr. Richard J. Barohn, M.D., John A. Stanford, Ph.D., and Dr. Matthew Macaluso, D.O., have made the promising discovery that ketamine can be administered as an effective treatment for ALS. In addition, unpublished and patent-pending preclinical research has shown that the administration of ketamine preserves muscle function in advancing ALS and increases life expectancy when given in the early stages of muscle decline. The Company is supporting an Investigator-lead observational study to evaluate the impact of betaine anhydrous on the unwanted ketamine side effects seen post ketamine treatment for subjects with depression. The Company now expects results to be reported in early Q1-2022. Based on the results, the Company will advance the KETABET program with its microneedle patch for clinical studies in the H2-2022. PharmaTher has an exclusive license agreement with the National Health Research Institutes for the development and commercialization of a patented combination formulation of FDA-approved ketamine and betaine. KETABET has been shown in research to enhance the antidepressant effect while having the potential to reduce the known negative side effects of ketamine significantly. The combination of ketamine and betaine anhydrous produced more robust antidepressant-like responses than their individual effects and that the combination blocked the psychotomimetic effects of ketamine. In collaboration with The Queen's University of Belfast, led by Professor Ryan Donnelly, the Company has successfully completed the evaluation of a patented hydrogel-forming microneedle patch to deliver Ketamine and KETABET as a potential next-generation treatment for neuropsychiatric, neurodegenerative and pain disorders. This de-risking milestone supports the Company's expansion in finalizing IND-enabling studies and the clinical manufacturing scale up with LTS Lohmann, a leader in transdermal delivery systems, to support FDA and international regulatory submissions. Validation and tech transfer activities to support clinical studies are in progress and the Company expects to conduct clinical studies in H2-2022. PharmaTher has an exclusive license agreement with QUB for the development and commercialization of a patented hydrogel-forming microneedle delivery technology developed by Professor Ryan Donnelly to support PharmaTher's product and clinical development initiatives with ketamine and psychedelics. Professor Donnelly's lab successfully completed research and published a paper titled "Hydrogel-forming microneedle arrays as a therapeutic option for transdermal esketamine delivery" validating the delivery of esketamine, the S(+) enantiomer of ketamine, in a novel microneedle patch which may overcome the drawbacks associated with ketamine administration in an intravenous or nasal spray format. The Company is developing its own Ketamine Hydrochloride Injection USP product as part of its plans to support the Company's future Phase 3 clinical studies and its commercialization plans in the U.S. via a supplemental Abbreviated New Drug Application with the FDA for use in anesthesia and procedural sedation. The Company expects to file for its sANDA in Q4-2022 for commercialization in the U.S. and international markets thereafter. PharmaTher has entered into an agreement with Alcami Corporation, a global pharmaceutical contract development and manufacturing organization with extensive experience in cGMP sterile fill-finish products and handling of controlled substances, for the clinical and commercial manufacturing for the Company's KETARX project. The Company expects to form partnerships with research labs, ketamine clinics and pharmaceutical companies that are: seeking a secure supply of cGMP ketamine and ketamine products for current portfolios; exploring alternative dose forms for multiple existing indications; and requiring support to develop and eventually commercialize specific ketamine products for new indications. In addition, the Company will enter the market with KETARX targeting ketamine's FDA approved label for anesthesia and procedural sedation.
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XRTX | Hot Stocks07:08 EST Xortx announces filing of provision patent for polycystic kidney disease - XORTX Therapeutics announces the filing of a provisional patent based upon recent discoveries specific to polycystic kidney disease. The provisional patent is entitled "Compositions and Methods for Diagnosis, Treatment of and Prevention of Kidney Disease". The provisional patent is based upon new evidence related to a previously unknown mechanism of injury associated with: aberrant purine metabolism in kidneys during progression of polycystic kidney disease; the health consequences of increased xanthine oxidase expression in polycystic kidney disease; and the health consequences of high uric acid concentration on both structure and function of polycystic kidneys. Dr. Allen Davidoff, CEO of XORTX stated, "XORTX and our research partners, look forward to publishing these important new research discoveries in the near future. These novel discoveries expand our understanding of a potential new, previously unrecognized, mechanism of injury in polycystic kidney disease and support this new provisional patent application. This patent filing is intended to expand the foundation of our patent portfolio and permit for new opportunities for product development. The Company remains dedicated to redefining kidney disease in the future and advance our lead program - XRx-008 - on behalf of individuals with progressing kidney disease due to autosomal dominant polycystic kidney disease."
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MAIN | Hot Stocks07:07 EST Main Street exits debt and equity investments in CAI Software - Main Street Capital announced that it recently exited its debt and equity investments in CAI Software upon the recapitalization of CAI to a technology-focused financial acquirer. Founded in 1978 and headquartered in Smithfield, Rhode Island, CAI is a leader in the delivery of mission-critical enterprise resource planning, or ERP, manufacturing execution systems, or MES, and warehouse management systems, or WMS, software and related services with industry expertise in niche sectors including seafood and other food processing and distribution, millwork, lumber and other building materials, precious metal refining and jewelry manufacturing. Main Street realized a gain of $10.3M on the exit of its equity investments in CAI and received total dividends of $2.6M over the investment period. As a result, on a cumulative basis since Main Street's initial investment in CAI in October 2014, Main Street realized an annual internal rate of return of 54.1% and a 7.1 times money invested return on its equity investments in CAI. On a cumulative basis including both Main Street's debt and equity investments in CAI, Main Street realized an annual internal rate of return of 16.9% and a 1.5 times money invested return. This realized value includes $1.8M in equity value that Main Street received in a minority equity ownership position in the acquirer as part of the transaction.
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SLGL | Hot Stocks07:05 EST Sol-Gel Technologies announces update related to FDA review status of EPSOLAY - Sol-Gel Technologies announced that the Food and Drug Administration has informed the company that it intends to conduct a pre-approval inspection of the production site for the Company's drug product, EPSOLAY, a proprietary topical formulation of benzoyl peroxide, 5%, during the week of February 14th, 2022. EPSOLAY is under review by the FDA for the treatment of the inflammatory lesions of rosacea in adults. "We are pleased that the FDA has informed us of the timing of its pre-approval inspection of the production site for EPSOLAY, which, since April 26, 2021, has been delayed due to COVID-19 related travel restrictions," said Alon Seri Levy, Ph.D., Chief Executive Officer of Sol-Gel. "We believe that EPSOLAY has the potential to change the treatment landscape for adult patients suffering from inflammatory lesions of rosacea, a skin disorder that affects millions of people in the U.S. and expect that this development will bring us closer to the anticipated EPSOLAY approval and launch in the U.S. by our partner Galderma."
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LIAN | Hot Stocks07:04 EST LianBio announces infigratinib approved under special NPP - LianBio announced that infigratinib has been approved by the Health Commission and Medical Products Administration of Hainan Province, under the special Named Patient Program, NPP, for the treatment of patients with previously treated, unresectable locally advanced or metastatic cholangiocarcinoma with a FGFR2 fusion or other rearrangement. The first cholangiocarcinoma patient in China was prescribed and treated with infigratinib at Bo'ao Super Hospital in Mainland China, marking the first prescription of infigratinib outside of North America. "LianBio is committed to bringing transformative medicines to patients and physicians in China," said Yizhe Wang, Ph.D., Chief Executive of LianBio. "We are proud to enable early commercial access to infigratinib in Hainan Province approximately six months after the drug's first global approval. Our growing team is committed to applying our regulatory expertise in our territories to explore pathways to provide patients with expedited access to the best medical innovations." The special NPP was enacted by the State Council of PRC as a pilot program implemented in the Bo'ao Lecheng International Medical Tourism Pilot Zone to accelerate patient and physician access to urgently needed medicines that are approved in certain jurisdictions, but not yet approved in Mainland China. Infigratinib is an oral selective FGFR inhibitor being evaluated in global clinical trials based on demonstration of clinical activity in patients with advanced cholangiocarcinoma and urothelial carcinoma with FGFR genomic alterations.
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VLNS | Hot Stocks07:04 EST Valens announces agreements with PMI Mexico - The Valens Company announced two agreements with PMI Mexico, a subsidiary of Merger Group, one of the main drug suppliers of the Mexican government. Under the first agreement, Valens will supply CBD for PMI's ongoing pharmacokinetic, or PK, stage medical trials, which are focused on anti-inflammatory applications of medical-grade, nano-water emulsified CBD oil. The clinical trial has already been approved by The Medical Ethics Board of Mexico. The clinical trial, which is set to begin once Valens shipments arrive in Q1 of 2022, will be conducted across private hospitals in Mexico. At the conclusion of the trial, Valens will be the sole manufacturer and global distributor in collaboration with PMI. Under the second agreement, Valens will manufacture and distribute CBD-infused and uninfused Predilife products globally while PMI will be responsible for distribution of the Predilife products in Mexico. Predilife is an agave-based prebiotic powder that has been submitted as a drug master file to the FDA. Valens will manufacture the products at its Green Roads facility in Florida, where it will be infused with CBD as required and then packaged and distributed through Valens' third-party supplier channels across Asia, U.S., Latin America and Mexico. The formulation will be offered in both powder and liquid sachets, initially for human consumption, with animal variations planned for the second half of 2022.
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ZENV | Hot Stocks07:02 EST Zenvia acquires Movidesk - Zenvia announced the signing of definitive contracts for the acquisition of Movidesk. The operation is in line with the company's strategy announced during its IPO last July. This transaction will be Zenvia's tenth acquisition in its history and its second one announced since the IPO. Movidesk client base grew by 49% reaching almost 3,000 customers. Founded in 2016, Movidesk is a company focused on customer service solutions to define workflows, provide integration with communication channels and monitor tickets through dashboards and reports. Movidesk is estimated to close 2021 with approximately R$47M in annual recurring revenue, or ARR, and a gross margin above 70%. Total revenues has grown at a CAGR of 134% since 2018. The closing of the transaction is subject to customary conditions precedent and is expected to be completed during the first quarter of 2022, when the company anticipates it will hold a conference call to discuss the acquisition in more details. The payment conditions include a cash disbursement upon deal closing and an earn-out structure based on the fulfilling of gross margin targets until the third quarter of 2023. Movidesk's former controlling shareholder and key executives will receive 10% of the consideration in Zenvia's Class A shares subject to a lock-up, usual in this type of transaction. According to Zenvia's M&A model, Donisete Gomes, Movidesk CEO, will remain as head of Movidesk operation along with his team. Zenvia estimates the acquisition will be done at a multiple of 3.0x EV/2023 sales at the end of the earn-out period.
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ONCY | Hot Stocks07:01 EST Oncolytics appoints Thomas Heineman as Chief Medical Officer - Oncolytics Biotech announced that Thomas C. Heineman, has been promoted to the role of Chief Medical Officer, or CMO. Heineman has over two decades of experience leading clinical development programs and previously served as Oncolytics' Global Head of Clinical Development and Operations. Prior to joining Oncolytics, Heineman was Senior Vice President and Head of Clinical Development at Denovo Biopharma. Prior to his time at Denovo, he served as Vice President and Head of Clinical Development at both Genocea Biosciences and Halozyme Therapeutics. At Halozyme, Dr. Heineman was also Head of Translational Medicine and oversaw clinical trials in indications such as breast and pancreatic cancer. Dr. Heineman's experience further extends to big pharma and academia, as he previously worked as Senior Director, Global Clinical Research and Development at GlaxoSmithKline and as an Associate Professor at the Saint Louis University School of Medicine.
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TSN | Hot Stocks06:56 EST Tyson Foods expands access to childcare for frontline workers - Tyson Foods is taking another step in its efforts to become the most sought-after place to work by providing greater access to affordable childcare for frontline workers and their families. The company plans to build an on-site childcare and learning facility at its new Humboldt, Tennessee, poultry processing plant, and recently announced a program at its Amarillo, Texas, beef plant, to work with two local providers to provide free childcare to the children of second shift workers. The $3.5M Humboldt facility, expected to be operational in 2023, will support up to 100 children, five years of age and younger, and employ a staff of 18. Called Tyson Tykes, it will be operated as an early childhood learning center by KinderCare and subsidized by the company to lower the cost for Tyson team members.
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ANIP | Hot Stocks06:51 EST ANI Pharmaceuticals: FDA approves ANDA for Rifabutin Capsules USP, 150 mg - ANI Pharmaceuticals announced that the company received U.S. FDA approval for the Abbreviated New Drug Application for Rifabutin Capsules USP, 150 mg. ANI's Rifabutin Capsules are the generic version of the reference listed drug Mycobutin. The current annual U.S. market for Rifabutin Capsules USP, 150 mg is approximately $16.6M, according to IQVIA/IMS Health, a leading healthcare data and analytics provider.
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STC | Hot Stocks06:46 EST Stewart acquires Greater Illinois Title Company, terms not disclosed - Stewart Information Services announced the acquisition of Greater Illinois Title Company. Headquartered in Chicago, GITC operates Greater Illinois Title, Greater Indiana Title, GIT Michigan, Greater Wisconsin Title, Greater Missouri Title, and GIT Florida Title Services, with a subsidiary operating in 18 additional states. The acquisition builds on previous investments and continues to emphasize Stewart's mission of becoming the Premier Title Services Company.
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WNC | Hot Stocks06:41 EST Wabash announces partnership with Purdue University - Wabash announced a partnership with Purdue University to accelerate the company's speed to market with proprietary, innovative products. Wabash has entered into a five-year agreement with Purdue as its research and development partner at a time when logistics disruption from ecommerce and home delivery is colliding with transportation changes driven by electrification, autonomous driving and a heightened focus on sustainability.
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SJ | Hot Stocks06:31 EST Scienjoy to develop NFT Blind Box Project with Herr Gallery - Scienjoy announced that the company intends to develop a NFT Blind Box Project with Herr Gallery, an NFT-focused art gallery based in New York, based on the painting entitled "Liberty" and the subsequent Liberty Mural project by New York artist Julie Harvey. Scienjoy and Herr Gallery plan to unveil the NFT Blind Box Project, along with the launch of Herr Gallery's proprietary NFT marketplace, in the first quarter of 2022.
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ARES | Hot Stocks06:31 EST Ares Management acquires 11.9M square feet of industrial assets - Ares Management announced that funds managed by the Ares Real Estate Group have closed on the acquisition of two portfolios consisting of 75 industrial properties totaling 11.9M square feet. The properties were purchased from two different sellers at an aggregate purchase price of approximately $1.7B.
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AZN | Hot Stocks06:23 EST FDA accepts sBLA for Alexion's Ultomiris for Priority Review in gMG - AstraZeneca's Alexion unit states: "The supplemental Biologics License Application for Ultomiris, or ravulizumab-cwvz, in adults with generalised myasthenia gravis, or gMG, has been accepted for Priority Review by the US Food and Drug Administration. The FDA set a Prescription Drug User Fee Act date during the second quarter of 2022, following use of a rare disease priority review voucher by Alexion, AstraZeneca's Rare Disease group. The sBLA submission in the US is based on results from the Phase III trial of Ultomiris in gMG, which were announced by Alexion in July 2021, and showed efficacy as early as Week 1 and sustained for 52 weeks. In the trial, the safety profile of Ultomiris was consistent with that observed in Phase III trials of Ultomiris in paroxysmal nocturnal haemoglobinuria and atypical haemolytic uraemic syndrome." Reference Link
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V | Hot Stocks06:03 EST Visa signs on as first ever FIFA Women's Football Partner - Visa announced it has further expanded its support of women's football by becoming the first Women's Football Partner for the FIFA Women's World Cup 2023. This investment builds on long-term commitments Visa has made across Europe and around the world, to help elevate women's football and usher in greater equality within the sport.
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AMZN | Hot Stocks06:01 EST Amazon.com plans to create 550 new jobs at Phoenix Tech Hub - Amazon announced plans to create more than 550 corporate and tech jobs in Tempe, Arizona, over the next few years, further expanding the company's Phoenix Tech Hub. These new roles will support Amazon's growing teams in Consumer Retail, Amazon Web Services, and Operations, and include positions such as software development engineers, senior solution architects, project managers, and business analysts. To accommodate its growth in Phoenix, Amazon has signed on to a 63,000-square-foot expansion at its existing offices at 100 S. Mill Avenue in Tempe, developed by Cousins Properties and Hines. The additional new office space is expected to open for employees in late 2022. Amazon currently has more than 5,000 tech and corporate employees working at its Phoenix Tech Hub.
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LLY | Hot Stocks05:32 EST Eli Lilly announces ADhere trial met primary, secondary endpoints - Lebrikizumab, an IL-13 inhibitor, significantly improved disease severity when combined with topical corticosteroids, or TCS, in people with moderate-to-severe atopic dermatitis, or AD, in Eli Lilly's third pivotal Phase 3 trial ADhere. By Week 16, the study met all primary and key secondary endpoints for patients on the lebrikizumab combination arm. The primary endpoints were Investigator Global Assessment, or IGA, score of clear or almost clear skin with a reduction of at least two points from baseline and at least a 75% change from baseline in the Eczema Area and Severity Index, or EASI, score, both at Week 16. Lebrikizumab in combination with TCS also achieved all key secondary endpoints versus placebo in combination with TCS in patients with AD, including skin improvement, itch relief, improvement in interference of itch on sleep, and quality of life. Key secondary endpoints were measured by EASI, the Pruritus Numeric Rating Scale, Sleep-Loss due to Pruritus, and the Dermatology Life Quality Index. Safety results in the 16-week placebo-controlled ADhere study were consistent with the 16-week period of the two monotherapy studies in the lebrikizumab Phase 3 program for AD. The most common adverse events, or AEs, included conjunctivitis and headache for lebrikizumab-treated patients. Additional data analyses from ADhere, along with results from two monotherapy Phase 3 trials, ADvocate 1 and ADvocate 2, are planned for future scientific congresses in 2022. Pending successful completion of the ongoing ADvocate 1 and ADvocate 2 monotherapy trials, Lilly and Almirall intend to begin U.S., EU and other regulatory submissions next year.
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HSII | Hot Stocks05:27 EST Heidrick & Struggles enters agreement to acquire RosExpert, WE Partners - Heidrick & Struggles has entered into agreements to acquire RosExpert in Russia and WE Partners in the Ukraine and Kazakhstan, all among the top executive search and leadership consulting firms in each respective country. These acquisitions form part of Heidrick & Struggles' strategy to expand its global footprint and grow its local presence in key strategic markets around the world. Established 25 years ago in Russia, RosExpert is among the top firms in the country offering integrated executive search and leadership advisory services. Financial terms of the acquisitions were not disclosed, and the transaction is expected to close in Q1 2022, subject to relevant regulatory approvals and customary closing conditions.
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GILD | Hot Stocks05:24 EST Gilead announces EC approval to variation of CMA for Veklury - Gilead announced that the European Commission, or EC, has approved a variation to the conditional marketing authorization, or CMA, for Veklury to include adults who do not require supplemental oxygen and are at an increased risk of progressing to severe COVID-19. This decision follows the positive recommendation of the Committee for Medicinal Products for Human Use, or CHMP, the scientific committee of the European Medicines Agency, or EMA, to expand the indication for Veklury on December 16.
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PAAS | Hot Stocks05:22 EST Pan American Silver provides update on law in Chubut province of Argentina - Pan American Silver reported that the executive of the Province of Chubut in Argentina issued a decree to the legislature to repeal the legislative bill passed on December 15 that would have modified the provincial mining law to allow permitting of open pit mining in certain zones in the Departments of Gastre and Telsen. Pan American Silver owns 100% of the large Navidad silver project, which is located in the north central part of the province. Pan American Silver believes that properly permitted and regulated mining activity with sustainable mining practices, both environmental and social, could benefit the people of Chubut.
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ARDS | Hot Stocks05:20 EST Aridis AR-701 is broadly reactive against omicron, other COVID-19 variants - Aridis Pharmaceuticals announced that its fully human monoclonal antibody, or mAb, cocktail AR-701 is broadly reactive against the omicron and other COVID-19 variants, SARS, MERS and seasonal human coronaviruses. AR-703, one of the components of the AR-701 cocktail, binds to the 'S2' stalk region of coronavirus spike proteins that is responsible for viral fusion and entry into host cells, and binds to the omicron variant with no loss in affinity as compared to the original Wuhan strain. In vitro neutralization studies using live coronaviruses showed that AR-701 achieved broad, potent neutralization against all SARS-CoV-2 variants tested, as well as SARS, MERS and the seasonal 'common cold' betacoronaviruses. In vivo data with multiple animal challenge models that are widely used to evaluate COVID-19 treatments support AR-701's broad efficacy. AR-701 is engineered to be long-acting, and is expected to provide relevant drug levels for up to 1 year from prophylactic or therapeutic treatment.
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AMZN | Hot Stocks05:15 EST Amazon to create over 2,000 jobs in Austin Tech Hub expansion - Amazon announced plans to create more than 2,000 corporate and tech jobs in Austin, Texas, over the next few years, further expanding the company's Austin Tech Hub. These new roles will support teams growing and include positions such as senior data engineers, senior technical program managers, user experience designers and financial analysts. To accommodate its growth in Austin, Amazon has signed on to lease 330,000 square feet of space at a new building developed by Cousins Properties at The Domain in Austin. The new office space is expected to open for employees in early 2024. Amazon currently has more than 3,000 tech and corporate employees working at its Austin Tech Hub. This latest investment will join Amazon's three existing locations in Austin at The Domain, which provides access to local retail, restaurants, entertainment, and more. This investment at Amazon's Austin Tech Hub is part of a multi-city expansion across the country and company. The company plans to create 3,000 jobs across Austin, Chicago, and Phoenix in the next few years. In the last 18 months, Amazon also announced expansions of its offices in Houston and Dallas.
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COE | Hot Stocks05:13 EST China Online Education receives noncompliance letter from NYSE - China Online Education announced that it has received a letter from the New York Stock Exchange, or NYSE, notifying the company that it is below compliance standards due to the company's total market capitalization and stockholders' equity. Pursuant to applicable NYSE continued listing standards, a company would be considered "below criteria" by the NYSE if its total market capitalization is less than $50M over a 30 trading-day period and its stockholders' equity is less than $50M. A review of the current financial condition of the company by the NYSE shows that, as of December 17, the company's 30 trading-day average market capitalization was approximately $39.3M and its last reported stockholders' equity as of June 30 was approximately negative $134.2M. Accordingly, the company is now subject to the procedures as set forth in Sections 801 and 802 of the NYSE Listed Company Manual, and is required to respond within 90 days of the Letter with a business plan that demonstrates compliance with the continued listing standard within 18 months of receipt of the Letter. The business plan will be reviewed for final disposition by the listings operations committee of the NYSE.
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QD | Hot Stocks05:11 EST Qudian CEO intends to purchase up to $10M ADSs - Qudian announced that Min Luo, the company's founder, chairman and CEO, has informed the company that he intends to use personal funds to purchase up to $10M of the company's American depository shares, or ADSs, over the next 12 months. Purchases will take place in full compliance with applicable laws and the company's securities trading policy. The share purchases may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means in accordance with applicable rules and regulations, including, but not limited to, Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The number of ADSs purchased and the timing of purchases will depend on a number of factors, including, but not limited to, price, trading volume and general market conditions.
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