Stockwinners Market Radar for January 18, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
WSR | Hot Stocks20:37 EST Whitestone REIT terminates CEO James Mastandrea for cause - Whitestone REIT "announced that its board has appointed Dave Holeman as CEO of the company, effective immediately. Mr. Holeman's appointment follows the Board's decision to terminate James Mastandrea's employment as the company's CEO for cause, effective immediately. Mr. Mastandrea was also removed as Chairman of the Board, following his termination for cause, and David Taylor, an independent Trustee, was appointed Chairman of the Board. The Board's decision was made following an independent internal investigation, which found Mr. Mastandrea's conduct to be in violation of his employment agreement and inconsistent with Company standards and the responsibilities of the CEO. Mr. Mastandrea's termination is not related to Whitestone's operating performance, financial condition or financial reporting."
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MSFT RXT | Hot Stocks20:09 EST Rackspace Technology to acquire Just Analytics - Rackspace Technology (RXT) "announced that it has agreed to acquire Just Analytics, a leading provider of cloud-based data, analytics, and Artificial Intelligence services based in the Asia Pacific and Japan region. Additionally, this acquisition brings strong regional ties into the Microsoft Azure ecosystem with Just Analytics recently being awarded four regional Microsoft (MSFT) partner of the year awards."
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EQRX | Hot Stocks19:01 EST EQRx says sugemalimab shows statistically significant OS benefit - EQRx, along with its partner CStone Pharmaceuticals, announced that sugemalimab plus chemotherapy demonstrated a statistically significant improvement in overall survival compared to placebo plus chemotherapy as a first-line treatment for patients with Stage IV non-small cell lung cancer in the randomized, double-blind Phase 3 GEMSTONE-302 study. These data were reported after a planned interim analysis for OS, a key secondary endpoint of the study. These results build on previously presented positive data from the GEMSTONE-302 study, which met the primary endpoint of progression-free survival and were recently published in The Lancet Oncology. Clinical benefit was observed across subgroups, including patients with squamous and non-squamous subtypes, and regardless of PD-L1 expression levels. As previously reported, the safety profile of sugemalimab was consistent with that of the PD-1/PD-L1 class. "We are highly encouraged to see that sugemalimab in combination with chemotherapy demonstrates significant clinical benefit, including improvement in both PFS and OS, when compared to placebo plus chemotherapy across a broad spectrum of patients with Stage IV non-small cell lung cancer in this Phase 3 study," said Vince Miller, MD, physician-in-chief at EQRx. "Price remains a barrier to accessing innovative therapies for many people with lung cancer around the world, despite the availability of multiple anti-PD-(L)1 therapies. We look forward to engaging with global regulatory authorities with the aim of delivering a lower-cost treatment option to patients upon approval."
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ERO | Hot Stocks18:05 EST Ero Copper reports two separate fatal incidents at its operations - Ero Copper Corp. reported that, in recent days, two separate and isolated incidents occurred at its operations resulting in fatal injuries being sustained by two employees. One incident occurred at the Company's MCSA Mining Complex, and the second incident occurred at its NX Gold Mine. No other personnel were injured. Following each incident, the Company voluntarily suspended each of its operations to allow for investigations to be conducted and for leadership to provide support for the employees' families and affected staff. Since the incident at the MCSA Mining Complex late last week, mining and milling operations have resumed. Since the incident at the NX Gold Mine yesterday evening, operations have been suspended as part of a site-wide safety stop initiative and are expected to resume within the next 24 hours. The company is actively assisting in the investigation of these incidents.
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IBRX | Hot Stocks18:03 EST ImmunityBio reports results of Phase 2 pancreatic cancer trial - ImmunityBio announced interim results in its metastatic pancreatic cancer trial showing that the overall survival rate for patients doubled compared to historical survival rate of three months after two prior lines of therapy. The data of the Phase 2 trial studying a combination immunotherapy - Nant Cancer Vaccine - also show treatment-related serious adverse events were uncommon - 8% - and no treatment-related deaths were reported. Based on these findings, ImmunityBio plans to meet with the FDA in 2022 to discuss the path for the approval of combination therapies for pancreatic cancer. The results were presented at the American Society of Clinical Oncology Gastrointestinal conference, which is being held virtually. To date, 27% of third-line or greater patients remain on study. The median overall survival in this highly advanced group of patients, who failed two to six prior lines of treatment, is 5.8 months exceeding the approximately three-month historical median overall survival. On the strength of this early data and significant unmet medical need, the company has expanded enrollment in the third-line or greater cohort.
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SOFI | Hot Stocks18:01 EST SoFi Technologies gets regulatory approval to become national bank - SoFi Technologies "announced that the Office of the Comptroller of the Currency and the Federal Reserve have approved its applications to become a Bank Holding Company through its proposed acquisition of Golden Pacific Bancorp, Inc., and operate its bank subsidiary as SoFi Bank, National Association. SoFi expects the acquisition to close in February, subject to completion or waiver of the remaining customary closing conditions."
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CDXS | Hot Stocks18:00 EST Codexis' treatment of homocystinuria granted Orphan Drug Designation by FDA - Codexis announced the U.S. Food and Drug Administration, or FDA, has granted Orphan Drug Designation to its modified version of methionine gamma-lyase enzyme from the bacterium Pseudomonas entomophila in the treatment of homocystinuria. Reference Link
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EFC | Hot Stocks17:57 EST Ellington Financial reports estimated book value per share $18.39 on December 31 - This estimate includes the effect of the previously announced monthly dividend of 15c per share of common stock, payable on January 25, 2022 to holders of record on December 30, 2021, with an ex-dividend date of December 29, 2021.
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VWAGY | Hot Stocks17:43 EST Volkswagen, Bosch sign MOU to explore forming European battery solution provider - The Volkswagen Group and the Bosch Group have signed a memorandum of understanding to explore the establishment of a European battery equipment solution provider. The two companies plan to supply integrated battery production systems as well as on-site ramp-up and maintenance support for battery cell and system manufacturers. "The companies are aiming for cost and technology leadership in the industrialization of battery technology and the volume production of sustainable, cutting-edge batteries. Through the "local for local" production approach, this will also be a step towards the objective of carbon-neutral mobility. In Europe alone, the Volkswagen Group plans to build six cell factories by 2030. The Volkswagen Group and the Robert Bosch Group are setting up a project unit to explore the possibilities of industrial-scale solutions for battery manufacturing in Europe," noted the statement. The corresponding memorandum of understanding was signed yesterday by Thomas Schmall, Member of the Board of Management of Volkswagen Group in charge of Technology and CEO of Volkswagen Group Components, and Rolf Najork, Member of the Board of Management of Robert Bosch Group and Chairman of the Executive Board of Bosch Rexroth...Volkswagen and Bosch have formed the project unit with the target of preparing the establishment of the new company by the end of 2022. The companies aim to supply the entire range of processes and components needed for the large-scale manufacture of battery cells and systems. The industry-wide demand is enormous: In Europe alone, various companies plan to build cell factories with a total yearly capacity of around 700 gigawatt-hours by 2030.
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UCBI | Hot Stocks17:34 EST United Community Banks reports Q4 operating EPS 64c, consensus 64c - Reports Q4 revenue $175.4M, consensus $178.67M. CEO Lynn Harton stated, "We are very pleased by United's performance this quarter and in 2021. In the quarter, both loan and deposit growth were strong and noninterest income benefited from strong, but seasonally lower, mortgage production and a great SBA quarter. On the strategic front, we completed the acquisition of Aquesta Financial Holdings, Inc. and Aquesta Bank on October 1, boosting our Charlotte presence and adding the Wilmington, North Carolina market, both of which are growth markets that fit well with our footprint and culture. We also completed the operational conversion of Aquesta in mid-November, bringing the United brand to these great markets. We are proud that this outstanding team of bankers has joined us and we believe that they are a great fit for United. Finally, while not included in the quarterly results, on January 1 we completed the acquisition of Reliant Bancorp, expanding our Tennessee presence into the fast-growing Nashville MSA with a very high performance organization."
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RHHBY | Hot Stocks17:31 EST Roche awarded $340M Army contract for COVID-19 rapid antigen tests - Roche was awarded a $340M firm-fixed-price contract for COVID-19 rapid antigen tests. Bids were solicited via the internet with 20 received. Work will be performed in Indianapolis, Indiana, with an estimated completion date of March 14. American Rescue Plan Act funds awarded in 2022 in the amount of $340M were obligated at the time of the award. U.S. Army Contracting Command is the contracting activity.
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AZN | Hot Stocks17:30 EST AstraZeneca's TOPAZ-1 trial of Imfinzi shows reduced risk of death in BTC - The company states: "Positive results from the TOPAZ-1 Phase III trial showed AstraZeneca's Imfinzi, in combination with standard-of-care chemotherapy, demonstrated a statistically significant and clinically meaningful improvement in overall survival and progression-free survival versus chemotherapy alone as a 1st-line treatment for patients with advanced biliary tract cancer, or BTC. These results will be presented on 21 January at the 2022 American Society of Clinical Oncology Gastrointestinal Cancers Symposium. Results also showed a 25% reduction in the risk of disease progression or death with Imfinzi plus chemotherapy. Median PFS was 7.2 months for the combination versus 5.7 for chemotherapy. Patients treated with Imfinzi plus chemotherapy achieved an objective response rate of 26.7% versus an ORR of 18.7% for patients treated with chemotherapy alone." Reference Link
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AZN | Hot Stocks17:27 EST AstraZeneca announces reduced risk of death from tremelimumab+Imfinzi - The company states: "Positive results from the HIMALAYA Phase III trial showed a single priming dose of tremelimumab added to Imfinzi demonstrated a statistically significant and clinically meaningful improvement in overall survival versus sorafenib as a 1st-line treatment for patients with unresectable hepatocellular carcinoma who had not received prior systemic therapy and were not eligible for localised treatment. This novel dose and schedule of Imfinzi and tremelimumab, an anti-CTLA4 antibody, is called the STRIDE regimen. Results from the trial will be presented on 21 January at the 2022 American Society of Clinical Oncology Gastrointestinal Cancers Symposium. Patients treated with the STRIDE regimen experienced a 22% reduction in the risk of death versus sorafenib. Median OS was 16.4 months versus 13.8 for sorafenib. An estimated 31% of patients were still alive at three years versus 20% for sorafenib. Results also showed an increase in objective response rate with the STRIDE regimen versus sorafenib. Median duration of response was 22.3 months with the STRIDE regimen versus 18.4 with sorafenib. The addition of tremelimumab to Imfinzi did not increase severe liver toxicity, and no bleeding risk was observed." Reference Link
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PNFP | Hot Stocks17:19 EST Pinnacle Financial announces new $125M share repurchase plan - The firm announced that its Board of Directors has authorized a new share repurchase program for up to $125M of the company's common stock to commence upon expiration of its existing share repurchase program that is set to expire on March 31. The board authorized the repurchase program to remain in effect through March 31, 2023, unless the entire repurchase amount has been acquired before that date.
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MRK | Hot Stocks17:14 EST Keytruda improved OS vs. placebo in HCC patients with prior sorafenib treatment - Merck announced the final results from the Phase 3 KEYNOTE-394 trial investigating KEYTRUDA, Merck's anti-PD-1 therapy, plus best supportive care, BSC, in patients in Asia with advanced hepatocellular carcinoma, HCC previously treated with sorafenib. KEYNOTE-394 is the first trial with an anti-PD-1/L1 as a second-line monotherapy treatment to show an improvement in overall survival, OS, progression-free survival and objective response rate compared to placebo plus BSC for these patients. These data add to the body of evidence relating to the use of KEYTRUDA as a monotherapy in second-line HCC post sorafenib..."Hepatocellular carcinoma is a leading cause of cancer death across the world, and there are limited treatment options shown to extend survival for patients following treatment with sorafenib," said Dr. Shukui Qin, director, Cancer Center of Jinling Hospital, and professor, Nanjing University of Chinese Medicine. "These overall survival data are very encouraging for patients with HCC previously treated with sorafenib and show the potential of KEYTRUDA to extend the lives of these patients."
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FAST | Hot Stocks17:06 EST Fastenal raises quarterly dividend to 31c from 28c per share - To be paid in cash on March 2 to shareholders of record at the close of business on February 2.
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SGEN | Hot Stocks17:03 EST Seagen announces data from SEA-CD40 combination trial at ASCO GI - Seagen announced data from a phase 1 clinical trial combining SEA-CD40 with chemotherapy and an anti-PD-1 in patients with metastatic PDAC at the ASCO GI annual meeting taking place in San Francisco, January 20-22. SEA-CD40 is a novel, investigational, nonfucosylated monoclonal receptor-agonistic antibody directed to CD40, which is expressed on antigen-presenting cells. In preclinical models, the combination of SEA-CD40 and chemotherapy resulted in antitumor activity which is further enhanced with anti-PD-1 treatment. In the ongoing phase 1 trial, SEA-CD40 was combined with chemotherapy and an anti-PD-1, in 61 patients with untreated metastatic PDAC. Of these, 40 patients received 10 mcg/kg and 21 patients received 30 mcg/kg of SEA-CD40. Key endpoints include confirmed objective response rate, or cORR, per RECIST v1.1 by investigator, progression-free survival, or PFS, and overall survival, or OS. Activity of SEA-CD40 in combination with GnP and pembrolizumab was observed in both doses of SEA-CD40 tested. The overall cORR was 44%, median PFS was 7.4 months and median OS was 15.0 months. Follow-up for efficacy is ongoing. The regimen demonstrated a manageable and tolerable safety profile. Overall, grade 3 treatment-emergent adverse events were fatigue, nausea, neutropenia, infusion-related reaction, chills, diarrhea, and pyrexia. This combination also showed evidence of immune activation consistent with the SEA-CD40 mechanism of action.
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DRTT | Hot Stocks17:02 EST Dirtt Environmental CEO Kevin O'Meara leaves, Todd Lillibridge named interim CEO - Dirtt Environmental announced the departure of Kevin O'Meara as the company's CEO and as a director. Todd Lillibridge, the Board Chair, has been appointed Interim CEO, and will serve until his replacement is named. The Board also named Michael Ford as Lead Independent Director for the period Lillibridge serves as CEO. The Board has retained an executive search firm to help it identify a permanent leader for the company. Lillibridge does not intend to be a candidate for the permanent role. Lillibridge has served on the DIRTT Board since 2017. He has over thirty years of executive experience in the healthcare real estate industry, having founded and built a multi-billion-dollar medical office building business.
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CRDF | Hot Stocks17:01 EST Cardiff Oncology reports new data from clinical program in KRAS-mutated cancer - Cardiff Oncology announced new data from its lead clinical program evaluating onvansertib in combination with standard-of-care FOLFIRI/bevacizumab for second-line treatment of patients with KRAS-mutated metastatic colorectal cancer. A subset of these data will be featured in a poster presented by Dr. Heinz-Josef Lenz, principal investigator, USC Norris Comprehensive Cancer Center, at the American Society of Clinical Oncology Gastrointestinal Cancers Symposium on Saturday, January 22, 2022. "As we have increased the number of patients evaluated and the duration of follow-up, our Phase 1b/2 trial has consistently generated data suggesting that onvansertib provides meaningful clinical benefits when added to SOC," said Katherine L. Ruffner, M.D., chief medical officer of Cardiff Oncology. "The objective response rate and median progression free survival observed substantially exceed what would be expected with SOC alone, and five patients receiving onvansertib have been able to pursue potentially curative metastasis-directed treatments. We also observed a confirmed complete response, which is exciting given the difficult-to-treat nature of second line mCRC patients." Mark Erlander, Ph.D., chief executive officer of Cardiff Oncology, commented, "These impressive results show radiographic responses across multiple KRAS mutation variants when onvansertib is combined with the standard of care regimen of FOLFIRI-bev and demonstrate a substantial increase in disease response relative to historical controls. We believe the data presented today further validate the potential of onvansertib to provide a meaningful improvement in the treatment outcome of a large patient population that has limited available treatment options. Looking forward, and with our strong cash position, we have the ability to explore the full potential of onvansertib."
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PB | Hot Stocks16:47 EST Prosperity Bancshares authorizes stock repurchase program of up to 5% - Prosperity Bancshares authorized a stock repurchase program under which the company may repurchase up to 5%, or approximately 4.6 million shares, of its outstanding common stock over a one-year period expiring on January 18, 2023, at the discretion of management. Any repurchased shares will be held by the company as authorized but unissued shares. The company may suspend, modify or terminate the program at any time and for any reason, without prior notice.
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AAL BA | Hot Stocks16:40 EST American Airlines selects former Boeing CFO Gregory Smith to its board - American Airlines Group (AAL) announced the election of Gregory D. Smith to its board of directors. Smith will serve on the board's Audit Committee and Corporate Governance, Public Responsibility and Safety Committee. "We are very pleased Greg has agreed to join the American Airlines board," said American's Chairman and CEO Doug Parker. "Greg is a highly accomplished leader who has held key finance, operations and strategy roles over the course of three decades at Boeing (BA). His experience and strong knowledge of the aviation and aerospace industry will be tremendous assets to American. Smith retired from The Boeing Company (BA) in July after a more than 30-year career. He most recently served as Executive Vice President and Chief Financial Officer, with responsibility for the company's Enterprise Operations, Finance, Strategy and Shared Services organizations. He managed Boeing's overall financial activities and drove operational excellence by overseeing the company's manufacturing, operations, supply chain, quality and program management teams. He also led the company's global financing arm, Boeing Capital, its corporate audit function, and its environmental, social and governance work.
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WEN | Hot Stocks16:35 EST Wendy's evaluating potential debt raise transaction - The Wendy's Company announced that it is evaluating, subject to market and other conditions, a potential debt raise transaction within its securitized debt facility. If the company proceeds with this transaction it could complete this as early as the end of the first quarter of 2022. If the transaction is completed, the company expects to use the net proceeds from the transaction in accordance with its capital allocation policy, including investments to support the growth of the Wendy's brand or the return of capital to shareholders through dividends and share repurchases. As a result of the timing of this potential transaction, the company has revised the dates for reporting its fourth quarter and full year 2021 results and hosting its 2022 investor day.
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WEN | Hot Stocks16:35 EST Wendy's evaluating potential debt raise transaction - The company states: "The Wendy's Company announced that it is evaluating, subject to market and other conditions, a potential debt raise transaction within its securitized debt facility. If the Company proceeds with this transaction it could complete this as early as the end of the first quarter of 2022. If the transaction is completed, the Company expects to use the net proceeds from the transaction in accordance with its capital allocation policy, including investments to support the growth of the Wendy's brand or the return of capital to shareholders through dividends and share repurchases."
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VAL | Hot Stocks16:33 EST Valaris awarded two one-well contracts - Valaris announced that it has been awarded two one-well contracts with subsidiaries of Murphy Oil Corporation for semisubmersible VALARIS DPS-5. The first contract is in the U.S. Gulf of Mexico and is expected to commence in Q3 with a minimum duration of 30 days. This contract has a one-well option with an estimated duration of 90 days. The second contract, offshore Mexico, will commence in direct continuation of the first contract and has an estimated duration of 60 days.
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VAL | Hot Stocks16:32 EST Valaris announces floater contract awards - Valaris has been awarded two one-well contracts with subsidiaries of Murphy Oil for semisubmersible VALARIS DPS-5. The first contract is in the U.S. Gulf of Mexico and is expected to commence in Q3 with a minimum duration of 30 days. This contract has a one-well option with an estimated duration of 90 days. The second contract, offshore Mexico, will commence in direct continuation of the first contract and has an estimated duration of 60 days.
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SAFE | Hot Stocks16:31 EST Safehold announces expansion into Chicago market - Safehold announced its expansion into the Chicago market, offering its modern, customer-friendly Safehold ground lease to facilitate the recapitalization of 1000 South Clark, a Class A multifamily building in Downtown Chicago, IL. The transaction closed in December 2021. "We are excited to begin offering the Chicago MSA a better, more efficient way to capitalize its real estate," said Tim Doherty, Head of Investments. "The ground lease capital provided to our new customer, JDL Development, allowed them to acquire full ownership of the building while securing the lowest cost capital available in the market."
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OLO | Hot Stocks16:31 EST Olo names Nithya Das COO - Olo announced Nithya B. Das, the company's Chief Legal Officer, will assume the role of Chief Operating Officer, alongside her current role. The company has promoted Nithya B. Das to Chief Operating Officer and Chief Legal Officer. The company also announced that Matthew Tucker, President and COO, plans to retire as of March 31, 2022. Mr. Tucker will remain in his current role as President through that time and will serve as an advisor as well as provide strategic guidance to the company through the end of 2022.
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AFG | Hot Stocks16:31 EST American Financial Group buys Verikai for $120M in cash - American Financial Group "announced the acquisition of Verikai, a machine learning and artificial intelligence company that utilizes a predictive risk tool for assessing insurance risk, effective December 2021. Verikai will continue to be led by its President and CEO, Jeff Chen. AFG paid approximately $120M in cash at closing."
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AWI | Hot Stocks16:25 EST Armstrong World names Austin So as General Counsel - Armstrong World Industrie announced that Austin So will join AWI as senior vice president, general counsel and secretary effective Feb. 1, 2022. Mr. So succeeds Mark Hershey, who, as previously announced, assumed the position of senior vice president, Americas at the beginning of 2022. In addition to leading the company's legal organization, Mr. So will also oversee AWI's sustainability and compliance programs.
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OGS | Hot Stocks16:23 EST One Gas sees capital investments $650M-$750 per year through 2026 - For the five years ending 2026, capital investments, including asset removal costs, are expected to be in the range of $650 million to $750 million per year, or approximately $3.5 billion for the five-year period, an increase of 19% from the previous five-year plan. The increase in capital supports estimated average rate base growth of 8% to 9% per year through 2026, an increase from the prior five-year forecast of 7% to 8%. While continuing to allocate more than 65% of total capital investments to system integrity and replacement projects, the Company anticipates strong growth, primarily in Texas and Oklahoma. Over the five-year period ending 2026, growth capital is estimated to be approximately $1.1 billion, an increase of 23% from the previous five-year plan. Net income is expected to increase by an average of 8% to 10% annually through 2026, up from 6% to 8%, with diluted earnings per share now at 6% to 8%, up from 5% to 7%. Operating costs over the five years are expected to increase on average approximately 4% per year. ONE Gas estimates total net financing needs for the period 2022 through 2026 of approximately $1.6 billion, of which approximately 25% is expected to be equity. The average annual dividend growth rate is expected to remain 6% to 8% through 2026, subject to board of directors' approval, with a target dividend payout ratio of 55% to 65% of net income.
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OGS | Hot Stocks16:23 EST One Gas sees 55% emissions reduction by 2035 - ONE Gas believes that natural gas assets will continue to play a pivotal role in ushering in a cleaner energy future and that it is uniquely positioned to deliver affordable, reliable and renewable energy to customers, now and into the future. The Company continues to lower methane emissions from its distribution operations through pipeline replacement, damage prevention and other operational practices. By 2035, ONE Gas expects to achieve a 55% reduction in emissions due to leaks from its distribution pipelines, measured from a 2005 baseline and accounting for projected system growth. The Company expects to achieve this goal primarily through its vintage pipeline replacement and protection program.
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RILY | Hot Stocks16:22 EST B. Riley Financial to acquire FocalPoint Securities for up to $175M - B. Riley Financial announced it has agreed to acquire FocalPoint Securities, an independent investment bank based in Los Angeles, for total consideration of up to $175M. The transaction, which will create revenue synergies for both companies, comes as FocalPoint is experiencing significant momentum with $17B in closed transactions spanning a successful 20-year history. The combination is expected to more than quadruple B. Riley's pro forma M&A advisory business, while significantly enhancing its debt capital markets and financial restructuring capabilities.
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BX MFC | Hot Stocks16:20 EST Blackstone acquires stake in Phoenix Tower International - Blackstone (BX) announced today that funds managed by Blackstone Infrastructure Partners have purchased a 35% stake in Phoenix Tower International, a private cell tower platform in the Americas and Europe, from Manulife Investment Management (MFC). Founded in 2013, Phoenix Tower International operates over 14,000 cell towers across 18 countries. PTI owns and operates high quality wireless infrastructure sites in markets experiencing strong wireless usage growth around the world. PTI's expansion is focused throughout the Americas and Europe. Commenting on the announcement, Greg Blank, Senior Managing Director in Blackstone's infrastructure business said, "We are thrilled to partner with Dagan Kasavana and the entire PTI team. Cell towers represent one of the highest-quality and most durable infrastructure asset classes given their mission critical nature and long-term growth tailwinds. We look forward to supporting PTI's continued growth and expansion by leveraging Blackstone's scale and resources."
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OGS | Hot Stocks16:17 EST One Gas increases quarterly dividend by 4c to 62c per share - One Gas increased the dividend for Q1 by 4c per share to 62c per share, resulting in an annualized dividend of $2.48 per share. The dividend is payable March 11 to shareholders of record at the close of business Feb. 25. The company expects an average annual dividend increase of 6% to 8% through 2026, with a target dividend payout ratio of 55% to 65% of net income, subject to its board of directors' approval.
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VMEO | Hot Stocks16:16 EST Vimeo announces December revenue up 23% YoY, subscribers up 11% - Reports December average revenue per user up 11% YoY.
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PSB... | Hot Stocks16:14 EST PS Business Parks names Stephen Wilson interim CEO - PS Business Parks (PSB) announced the appointments of Stephen W. Wilson as interim President and Chief Executive Officer and Maria R. Hawthorne as interim Chief Operating Officer, effective January 17, 2022. Mr. Wilson has been a director of the Company since 2019 and served as Executive Vice President-Development at AvalonBay Communities, Inc. (AVB) prior to his retirement in 2019. Ms. Hawthorne has been a Company director since 2016 and previously served in various senior leadership positions at the Company, including as President and Chief Executive Officer, prior to her retirement in 2021. Dan "Mac" Chandler, III, the Company's President and Chief Executive Officer, is taking a temporary leave of absence for health reasons unrelated to the coronavirus pandemic, effective January 17, 2022. The Company further noted that, as previously announced, Adeel Khan has joined the Company as Executive Vice President, Chief Financial Officer and Corporate Secretary, effective January 10, 2022. Mr. Khan previously served as Chief Financial Officer of Rexford Industrial Realty, Inc. (REXR), from July 2013 through August 2020.
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MTRX CC | Hot Stocks16:12 EST Matrix Service awarded FEED, detailed engineering by Chemours for project - Matrix Service (MTRX) announced that Chemours (CC) has awarded Matrix PDM Engineering the front-end engineering design, or FEED, and detail design engineering for an industrial project at its Washington Works, West Virginia facility. The project is the first to be awarded under a recently signed master service agreement.
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WFC | Hot Stocks16:12 EST Wells Fargo names Derek Flowers chief risk officer - Wells Fargo announced today that Derek Flowers has been appointed the company's Chief Risk Officer, effective immediately. Flowers will lead all aspects of Wells Fargo's Independent Risk Management function, including compliance risk management. He will continue to serve as a member of the company's Operating Committee. "Derek is a proven leader with extensive experience managing risk. Over the last several years, he has played a critical role managing the buildout of the company's risk and control frameworks," said Charlie Scharf, Wells Fargo's CEO. "Building a risk and control foundation appropriate for Wells Fargo's size and complexity remains our top priority, and Derek's background and familiarity with the company - built on a 24-year career at Wells Fargo - make him the ideal candidate to succeed Mandy Norton following her retirement."
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ZUO | Hot Stocks16:10 EST Zuora names Andrew Cohen chief legal officer - Zuora announced the appointment of Andrew Cohen as its Chief Legal Officer. Cohen will report to Zuora Founder and CEO Tien Tzuo to lead the company's worldwide legal, regulatory, and compliance functions. Joining Zuora on Feb. 14, 2022, Cohen will succeed Zuora's former General Counsel, Jennifer Pileggi, following her retirement. Cohen joins Zuora with more than 20 years of global legal experience at private, public, and Fortune 500 companies. He was a member of Pivotal's executive team at the company's formation (after spinning out from EMC Corporation and VMware), where he served as SVP, General Counsel through IPO and its 2019 acquisition by VMware. Most recently, he was the Chief Legal Officer and a Founder of software incubator Geometer alongside former Pivotal CEO Rob Mee. "With his proven track record at high-growth technology and public companies, Andrew is the right leader to execute agile legal processes, mitigate our risk, and take over the strong foundation Jennifer set as our first General Counsel," said Tien Tzuo, Founder and CEO at Zuora. "I am thankful for Jennifer's incredible six-year commitment to Zuora, and wish her the best in retirement."
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KNTE | Hot Stocks16:09 EST Kinnate announces FDA clearance of IND application for KIN-3248 - Kinnate Biopharma announced that the U.S Food and Drug Administration FDA has cleared the company's Investigational New Drug IND application for KIN-3248, a next-generation pan-FGFR inhibitor being developed for intrahepatic cholangiocarcinomaICCand urothelial carcinoma UC. "The IND clearance for KIN-3248 is another important validation of our Kinnate Discovery Engine and an exciting step forward in our mission to deliver new therapies to patients with difficult-to-treat, genomically-defined cancers," said Nima Farzan, Chief Executive Officer of Kinnate. "By targeting clinically relevant primary FGFR driver alterations and secondary resistance mutations, including FGFR2 and FGFR3 gatekeeper, molecular brake, and activation loop mutations, we believe that KIN-3248 is unique among FGFR inhibitors and has the potential to extend the clinical response of cancer patients with FGFR-altered tumors."
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OCX TMO | Hot Stocks16:09 EST OncoCyte announces agreement for two IVD assays on Thermo Fisher system - Oncocyte (OCX) announced a development and co-marketing agreement for two distributed in vitro diagnostic, or IVD, assays on Thermo Fisher Scientific's (TMO) Ion Torrent Genexus System. The agreement also grants Oncocyte rights to develop future companion diagnostics on the Genexus System. Under the terms of the collaboration, Oncocyte will clinically validate Thermo Fisher's existing Oncomine Comprehensive Assay Plus on the Genexus System, paving the way toward IVD clearance for use in tumor profiling and future submissions as a companion diagnostic. As an IVD, the greater than 500-gene assay will initially be able to provide physicians with information about patients' tumors in accordance with established clinical evidence, applicable clinical trials, and future approval may assist with the selection of targeted therapies. Oncocyte will also develop its 27-gene expression DetermaIO test as a distributed kit on the Genexus. DetermaIO may predict response to immuno-oncology therapies based on data demonstrating potential pan-cancer utility and improvement over current standard-of-care tests.
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QGEN | Hot Stocks16:08 EST Qiagen launches QIAwave portfolio of environmentally friendly products - Qiagen announced its new QIAwave product line by launching three nucleic acid extraction kits that use fewer components and produce less waste than existing ones. They are the first of their type to use both recycled plastics and space-saving chemical concentrates. The QIAwave RNA Mini Kit, QIAwave DNA Blood & Tissue Kit and QIAwave Plasmid Miniprep Kit use up to 63% less plastic and up to 42% less cardboard than QIAGEN's most popular kits for extracting DNA, RNA and plasmid DNA from samples. That makes them a more sustainable alternative to existing products - a major step in reducing the environmental impact of QIAGEN's overall portfolio. "QIAwave products are designed in collaboration with our customers to tackle the persistent problem of laboratory waste faced by scientists all over the world," said Thomas Schweins, Senior Vice President, Head of Life Sciences. "These three kits are the first in a wave of continuous improvements and product evolutions that will reduce the environmental footprint of our products, while still delivering the same QIAGEN quality."
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CMRX | Hot Stocks16:07 EST Chimerix publishes ONC201 study data in Clinical Cancer Research journal - Chimerix announced that a peer-reviewed article entitled, "Phase 2 Study of ONC201 in Neuroendocrine Tumors including Pheochromocytoma-Paraganglioma (PC-PG) and Desmoplastic Small Round Cell Tumor (DSRCT)," has been published in the journal, Clinical Cancer Research. The article can be accessed here. An interim summary of select cohorts from this study was previously presented at the annual meeting of the American Society of Clinical Oncology, or ASCO, in 2021. This open-label Phase 2 investigator-initiated study treated 30 patients with rare neuroendocrine tumors. Paraganglioma patients were separated in to two separate cohorts of the study receiving ONC201 either once or twice weekly. A third cohort included patients with other neuroendocrine tumors, including desmoplastic small round cell tumor, or DSRCT, dosed weekly with ONC201. The primary endpoint was radiographic response as measured by RECIST criteria. In the cohort of paraganglioma patients receiving ONC201 once weekly, 50% of patients exhibited a partial response, or PR, and two additional patients had stable disease, or SD, that lasted longer than three months. Five of the 10 patients in this cohort were treated longer than one year. Among the cohort of paraganglioma patients receiving ONC201 twice weekly one PR and seven SD were observed; this cohort includes four of eight patients who crossed over from the weekly dosing cohort. The third cohort of other neuroendocrine tumors included one PR and two SD that lasted longer than three months. Importantly, across all cohorts there was no decline in Karnofsky Performance Status at week 12 for 93% of patients and no dose modification due to treatment-related adverse events.
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F RIVN | Hot Stocks16:07 EST Ford sees $8.2B Q4 gain on equity investment in Rivian - Ford (F) outlined several large special items that it intends to report in early February as part of the company's fourth-quarter and full-year 2021 financial results. Special items are included in Ford's reported GAAP net income and earnings per share, but are excluded from its non-GAAP adjusted earnings before interest and taxes and adjusted EPS. On a preliminary basis, the special items are expected to include: A fourth-quarter gain of $8.2 billion on Ford's equity investment in Rivian (RIVN), following Rivian's Nov. 10 initial public offering of common stock and a mark-to-market revaluation of the holdings. Additionally, Ford will reclassify its ~$900 million first-quarter 2021 non-cash gain on the Rivian investment as a special item - a step Ford said in October it would take after Rivian's IPO. The reclassification means the gain from first-quarter 2021 will not be included in Ford's full-year adjusted EBIT or adjusted EPS. When Ford last provided full-year adjusted EBIT guidance with its third-quarter results on Oct. 27, the ~$900 million gain was included in the forecast range of $10.5 billion to $11.5 billion. Going forward, mark-to-market revaluations to account for changes in Rivian's stock price could result in related gains or losses each quarter reported as special items. Another special item is an annual revaluation of Ford's global pension and other post-retirement employee benefits - resulting in a non-cash, pre-tax accounting re-measurement gain of about $3.5 billion in the fourth quarter and about $3.9 billion for the full year. Overall, the remeasurement gain is mostly attributable to higher discount rates and asset returns. Other items include: Recording about $1.7 billion in costs associated with Ford repurchasing and redeeming more than $7.6 billion in high-cost debt in the fourth quarter, and; Reporting a $3.6 billion tax special item - a non-cash benefit - primarily resulting from changes in Ford's global tax structure and its effect on deferred tax assets.
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RVNC | Hot Stocks16:06 EST Revance gets FDA minutes on path to BLA resubmission for DaxibotulinumtoxinA - The company states: "Revance Therapeutics announced that it has received the official Type A meeting minutes from the U.S. Food and Drug Administration regarding the Complete Response Letter received for DaxibotulinumtoxinA for Injection for glabellar lines. The Type A meeting was held on December 15, 2021. Based on the meeting minutes, a complete response to address the outstanding observations related to the WCB and the drug substance manufacturing process will require Revance to qualify its new WBC by producing three consecutive drug substance lots and one drug product lot. The qualification of the new WCB has been underway and Revance plans to submit the new WCB qualification package as part of its biologics license application (BLA) resubmission as soon as possible. The FDA stated that a reinspection of Revance's manufacturing facility will be necessary once the resubmission is accepted by the FDA. Based on FDA regulations, once the resubmission is accepted by the FDA, the agency has up to 6 months to complete its reinspection and review."
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GLPG | Hot Stocks16:06 EST Galapagos says MHRA licenses Jyseleca for treatment of ulcerative colitis - Galapagos announced that the Medicines and Healthcare products Regulatory Agency, MHRA, has granted a marketing authorization for Jyseleca, filgotinib 200mg tablets, as a new treatment for ulcerative colitis UC for Great Britain. The MHRA has licensed an additional indication for Jyseleca, an oral once-daily, JAK1 preferential inhibitor, for use in adult patients with moderately to severely active UC who have had an inadequate response with, lost response to, or were intolerant to either conventional therapy or a biologic agent. The submission was supported by data from the Phase 2b/3 SELECTION program, published in the Lancet1. The decision from the MHRA follows authorisation from the European Commission for use in the same patient population. Michele Manto, Chief Commercial Officer at Galapagos said: "At Galapagos we are committed to bringing new and innovative medicines to healthcare professionals who are treating patients with UC and today we are one step closer to offering a new treatment option to thousands of patients living in Great Britain with UC, a chronic and debilitating disease. Together with the EC decision, this decision represents an important milestone in our plans to make Jyseleca available to eligible adult patients with UC across Europe."
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REDU | Hot Stocks16:05 EST Rise Education receives non-binding business combination proposal - Rise Education received a non-binding proposal on January 6 from a leading specialized technology platform for a business combination pursuant to which the counter-party will contribute its business in the electrical vehicle ecosystem that has a leading market position in exchange for newly issued shares in the company. The company is evaluating the proposed transaction, with the assistance of China Renaissance Securities (Hong Kong) as its financial advisor and Kirkland & Ellis as its legal advisor. The parties have agreed to negotiate on an exclusive basis for a period of 28 days beginning January 17, which period will be extended for 14 days so long as the parties are negotiating in good faith definitive documentation for the Proposed Transaction upon the expiration of the initial 28-day period. There can be no assurance that the Proposed Transaction or any other similar transaction will be approved or consummated and the company does not undertake any obligation to provide any update with respect to the Proposed Transaction or any other transaction, except as required by law.
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REDU | Hot Stocks16:04 EST Rise Education receives Nasdaq non-compliance notice - Rise Education was notified by the Listing Qualifications department of Nasdaq on January 11 that the Staff had determined to delist the company's securities unless the company timely requested a hearing before a Nasdaq Hearings Panel. The Staff concluded that the company is a "public shell" as defined in Nasdaq Listing Rules the result of the company's sale of substantially all of its assets on December 30, 2021, as well as the company's failure to timely file its interim balance sheet and income statement for the period ended June 30, 2021 with the SEC. The company filed its interim balance sheet and income statement for the period ended June 30, 2021 with the SEC on January 11 and has therefore regained compliance with Nasdaq Listing Rule 5250(c)(2). The company requested a hearing before the Panel, which has stayed any further delisting action by Nasdaq at least pending the hearing. At the hearing, the company will present its plan to evidence compliance with all applicable Nasdaq listing criteria and request an extension of time to do so. To that end, the company is actively pursuing strategic business opportunities that include operating activities that will generate revenue.
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GE | Hot Stocks16:03 EST General Electric to freeze Canada pension plans - GE announced that as part of its "continued actions to strengthen its financial position," it is freezing the accrual of pension benefits for approximately 800 employees in its non-union defined benefit pension plans in Canada, effective December 31, 2023. The freeze does not impact GE retirees already collecting pension benefits or active employees covered by collective bargaining agreements. Employees whose benefits will be frozen as of December 31, 2023 will not accrue additional pension service credit or make employee contributions to the current plans after that date. With regulatory approval, starting in 2024, GE intends for all non-union pension eligible employees to transition to the DBplus offering under the CAAT Pension Plan, a multi-employer plan provided by one of Canada's pension leaders which offers a lifetime monthly pension. GE's pension benefit obligation in Canada was approximately $2B CAD at the end of 2021. Meredith Keenan, Vice President of Human Resources for GE Canada, said, "The changes to the Canada defined benefit pension offerings are difficult, but we remain committed to helping our employees prepare for retirement. Our desire is to provide all our GE employees in Canada, across all businesses, with a consistent, valuable pension plan." Reference Link
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BWMX | Hot Stocks16:03 EST Betterware de Mexico to acquire JAFRA's operations in Mexico and U.S. for $255M - Betterware de Mexico announced that it has signed a Definitive Agreement to acquire 100% of JAFRA's operations in Mexico and the United States from the Vorwerk Group based in Germany for a total cash consideration of $255M, equivalent to Ps. 5,355mm, on a debt-free, cash-free basis. The purchase price implies a valuation multiple of ~5.5x 2022E EBITDA prior to the identified cost synergies of $5M-$10M, and 4.8x 2022E EBITDA considering the mid-point of the synergies. The company expects to close the transaction in the first half of 2022, subject to antitrust and regulatory approval in Mexico. Betterware expects the acquisition to be highly accretive in the first year. The deal is expected to add approximately $0.341/share to EPS in 2022E and over $46M of EBITDA without considering any of the identified cost synergies, which represents an accretion of ~15% when considering Betterware's 3Q21 LTM EPS of $2.45, considering the mid-point of the synergies the EPS would be US$0.48 representing an accretion of ~20% and an EBITDA add of $54M. The acquisition is expected to be funded through a combination of $225M debt financing and US$30mm of existing cash on hand. Following the transaction, Betterware expects to continue to possess a strong balance sheet and a low leverage ratio of ~1.4x allowing the company to also invest in support of its growth and continue to pay its quarterly dividend of Ps. 9.38 per share. During 2Q21, Betterware initiated preliminary conversations with JAFRA which resulted in the signing of a non-binding Letter of Intent on July 15th, 2021. Since signing the LOI, the company has been limited in exercising the buyback plan due to the material nonpublic information of this transaction. Currently, the company is also in black out period due to the 4Q21 results. Once out of the blackout period, the company plans to execute its buyback program.
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IBKR | Hot Stocks16:03 EST Interactive Brokers reports Q4 customer accounts up 56% to 1.68M - Reports Q4: Customer equity up 30% from the year-ago quarter to $373.8B. Total DARTs2 increased 16% from the year-ago quarter to 2.44M. Cleared DARTs increased 16% from the year-ago quarter to 2.16M. Customer credits increased 12% from the year-ago quarter to $87.1B. Customer margin loans increased 40% from the year-ago quarter to $54.6B.
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BV | Hot Stocks16:02 EST BrightView acquires Performance Landscapes, terms not disclosed - BrightView Holdings announced the acquisition of Performance Landscapes, a commercial landscaping company headquartered in Honolulu, Hawaii. Terms of the transaction were not disclosed. "Hawaii's landscapes are renowned for their beauty and cultural significance, something we came to appreciate through our Development Services team's work in Hawaii," said Andrew Masterman, BrightView President and Chief Executive Officer. "BrightView is excited to add maintenance services to its existing Development capabilities on the islands."
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MRKR | Hot Stocks14:53 EST Marker Therapeutics treatment of pancreatic cancer granted orphan status - Marker Therapeutics' treatment of pancreatic cancer was granted orphan status by the FDA, according to a post to the agency's website. Reference Link
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AXLA | Hot Stocks14:49 EST Axcella poised for 'transformational year,' CEO Hinshaw says - Axcella (AXLA) is a clinical-stage biotechnology company pioneering a new approach to treat complex diseases using endogenous metabolic modulator compositions. In an exclusive interview with The Fly, CEO Bill Hinshaw discussed the company's year ahead: "Axcella is poised for a transformational year. We have two major data readouts in long COVID and in 1125 with NASH. These are very important diseases with high unmet needs. We are compelled and excited as a company. We believe we have high information, higher probability of success and a number of important transformational data readouts in the near-term," the executive explained. "Meet the Company" is The Fly's recurring series of exclusive short interviews with Executive Officers to offer a deeper look inside the company.
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AXLA | Hot Stocks14:44 EST Axcella's Hinshaw has seen no major COVID-related impacts to trials - Axcella (AXLA) is a clinical-stage biotechnology company pioneering a new approach to treat complex diseases using endogenous metabolic modulator compositions. In an exclusive interview with The Fly, CEO Bill Hinshaw discussed potential COVID-related impacts to his company's clinical trial efforts: "We've been fortunate, both in the initial stages of the pandemic where we completed our previous work as well as now, that we've been able to execute strongly in that context. That came from a combination of preparation and experience and collaboration with the medical community. We have not to date seen any impact in the near-term from the pandemic on our sites outside what I would call normal in today's world. The sites have their protocols in place. Now, there's a possibility as always that as the pandemic evolves, there could be impact in our programs but today we haven't had supply chain issues and we will continue to monitor and collaborate with our groups to try to deliver against our timelines and right now we're on track for those," the executive explained. "Meet the Company" is The Fly's recurring series of exclusive short interviews with Executive Officers to offer a deeper look inside the company. The remainder of this interview to follow.
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AXLA | Hot Stocks14:39 EST Axcella CEO says AXA1665 program in OHE 'underway and screening patients' - Axcella (AXLA) is a clinical-stage biotechnology company pioneering a new approach to treat complex diseases using endogenous metabolic modulator compositions. In an exclusive interview with The Fly, CEO Bill Hinshaw discussed the company's AXA1665 for the treatment of overt hepatic encephalopathy, or OHE: "This program is underway and screening patients actively. We've had high engagement from medical community because they understand that this product has the opportunity to first improve on the standard care and then become the standard care because of its multitargeted, well differentiated, safe and well tolerated profile. OHE is a rarer disease than NASH or long COVID, and we're working with the investigators to make sure we identify the right patients, screen against them and then treat them appropriately with the 1665 compared to the standard of care," the executive explained. "Meet the Company" is The Fly's recurring series of exclusive short interviews with Executive Officers to offer a deeper look inside the company. The remainder of this interview to follow.
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AXLA | Hot Stocks14:31 EST Axcella CEO expects interim analysis in mid-2022 for Phase 2b NASH trial - Axcella (AXLA) is a clinical-stage biotechnology company pioneering a new approach to treat complex diseases using endogenous metabolic modulator compositions. In an exclusive interview with The Fly, CEO Bill Hinshaw talked about the company's AXA1125 Phase 2b trial in non-alcoholic steatohepatitis, or NASH: "The Phase 2b EMMPACT trial is progressing very well. We plan an interim analysis mid of this year and total data completion by second half of next year. The reason why it is going well is the profile of 1125. 1125 is a multitargeted, safe and well tolerated to date oral product that is considered by experts to be a potential first line therapy with important differentiation in diabetics, pediatrics and others. Now, in terms of NASH opportunity, unfortunately it is very large. Up to 40 million Americans are considered to have NASH. 1 in 10 of our children. And it has a devastating impact on the healthcare system. Consequentially, there is estimated to be a minimum of an $8B type of opportunity here and Axcella's 1125 product is well positioned for first line and potential differentiation," the executive explained. "Meet the Company" is The Fly's recurring series of exclusive short interviews with Executive Officers to offer a deeper look inside the company. The remainder of this interview to follow.
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AXLA | Hot Stocks14:14 EST Axcella CEO says long COVID trial 'going very well,' sees data in middle of 2022 - Axcella (AXLA) is a clinical-stage biotechnology company pioneering a new approach to treat complex diseases using endogenous metabolic modulator compositions. In an exclusive interview with The Fly, CEO Bill Hinshaw talked about the company's AXA1125 Phase 2a trial in long COVID: "The trial is going very well. We've initiated and started dosing patients. There is a tremendous interest both with patients as well with the medical community because unfortunately there are no proven options for patients with long COVID, there is very little in development and a tremendous need from a number standpoint - we now have 70M people globally estimated to have long COVID - fatigue is the most common symptom and has a huge impact both on society as they can't return to work and a human element. We're talking about mothers who longer able to feel like they're fulfilling their purpose, physicians who had their careers taken from them and athletes who are now in wheelchairs. It's a very large need and thus we've had a tremendous response and we're on track to report our data in the middle of this year. We're extremely excited and compelled by this need. The need is there so the opportunity to help people is there. Unfortunately, the numbers are quite staggering - an estimated of 70 million people with long COVID and that is growing dramatically with the increases we're seeing recently. Now, of those a majority suffers from fatigue. We're talking about over 35M worldwide. When you translate that into the United States, you're talking about more than 15M people with long COVID and more than 7.5M already suffering from some form of fatigue. We're testing this with the Phase 2a trial partnered with Oxford. We look at data in the middle of this year and hopefully we will provide a solution to these patients who are suffering and need help," the executive explained. "Meet the Company" is The Fly's recurring series of exclusive short interviews with Executive Officers to offer a deeper look inside the company. The remainder of this interview to follow.
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BLUE | Hot Stocks14:01 EST Bluebird Bio falls after FDA extends review for biologics licensing applications - Shares of bluebird bio are down about 8% in afternoon trading after the company announced earlier this morning that the U.S. Food and Drug Administration has extended the review period for the biologics licensing applications, or BLAs, for its lentiviral vector gene therapies - betibeglogene autotemcel, or beti-cel, for beta-thalassemia and elivaldogene autotemcel, or eli-cel, for cerebral adrenoleukodystrophy, or CALD. The revised PDUFA goal dates for beti-cel and eli-cel are August 19, 2022 and September 16, 2022, respectively. "Gene therapies are complex, potentially transformative treatment options for those living with severe genetic diseases, and we all share a responsibility to be diligent for patients as we progress this novel field. We look forward to continuing to work with the FDA on its ongoing reviews of beti-cel and eli-cel, and to bringing these therapies to patients with beta-thalassemia and cerebral adrenoleukodystrophy in the US later this year," said Andrew Obenshain, CEO of bluebird bio. The company added: "The extended PDUFA goal dates are not expected to impact the priority review status of either BLA or the potential for bluebird bio to be granted priority review vouchers upon approval of beti-cel and eli-cel in 2022. The FDA previously granted both beti-cel and eli-cel Orphan Drug status, Breakthrough Therapy designation and Rare Pediatric Disease designation. bluebird also provided an update on the FDA's partial clinical hold for the lovotibeglogene autotemcel gene therapy clinical program for patients under the age of 18 with sickle cell disease. Consistent with the FDA's clinical hold process, the company has received written questions from the FDA and is continuing to evaluate what impact, if any, the partial clinical hold may have on its projected Q1 2023 timing for submitting the BLA. bluebird plans to provide an update with its annual results in February." In afternoon trading, bluebird shares are down 68c, or 8%, to $8.05.
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AXLA | Hot Stocks14:00 EST Axcella's Hinshaw has seen no major COVID-related impacts to trials
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AXLA | Hot Stocks14:00 EST Axcella CEO sees potential $8B opportunity in NASH
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AXLA | Hot Stocks14:00 EST Axcella CEO expects major data readouts this year in long COVID, NASH
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AXLA | Hot Stocks14:00 EST Axcella poised for 'transformational year,' CEO tells The Fly
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VZ | Hot Stocks13:47 EST Verizon says voluntarily decided to limit 5G network around airports - Verizon issued the following statement about its planned launch of its 5G Ultra Wideband network: "Verizon is proud to lead the nation in 5G. Tomorrow, Verizon will launch its 5G Ultra Wideband network which will enable more than 90 million Americans to experience the transformative speed, reliability and power of this game-changing network on the go or in their homes or businesses. Americans have been clamoring for 5G and tomorrow we will deliver it. As the nation's leading wireless provider, we have voluntarily decided to limit our 5G network around airports. The Federal Aviation Administration -FAA - and our nation's airlines have not been able to fully resolve navigating 5G around airports, despite it being safe and fully operational in more than 40 other countries. Thanks to the best team in the industry for delivering this technology which promises a revolutionary next step in wireless communications including tremendous benefits for our nation."
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GOOG GOOGL | Hot Stocks13:15 EST YouTube to reduce YouTube Originals slate, says Kyncl - Robert Kyncl, YouTube's chief business officer, said in a statement via Twitter that Susanne Daniels, global head of Originals, has decided to leave the company and her last day will be March 1. Kyncl, who announced that there are over 2M creators in the YouTube Partner Program and that it has paid more than $30B to creators, artists, and media companies over the last 3 years, said the company has decided to reduce the YouTube Originals slate. "Going forward, we will only be funding programs that are part of our Black Voices and YouTube Kids Funds," Kyncl said. Reference Link
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GOOG GOOGL | Hot Stocks13:13 EST YouTube's global head of originals Susanne Daniels to leave, says Kyncl
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GWGH | Hot Stocks13:04 EST GWG Holdings trading resumes
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GWGH | Hot Stocks12:59 EST GWG Holdings trading halted, volatility trading pause
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AXP | Hot Stocks12:32 EST American Express reports December net write-off rate 0.7% vs. 0.5% last month - Reports December 30 days past due loans as a percent of total 0.7% vs. 0.7% last month.
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T | Hot Stocks12:30 EST AT&T temporarily defers turning on 'limited number' of 5G towers - AT&T said in a statement to media outlets: "At our sole discretion, we have voluntarily agreed to temporarily defer turning on a limited number of towers around certain airport runways as we continue to work with the aviation industry and the FAA to provide further information about our 5G deployment, since they have not utilized the two years they've had to responsibly plan for this deployment."
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KSS | Hot Stocks12:15 EST Kohl's 'disappointed' with path Macellum has taken, says speculation 'unfounded' - Kohl's Corporation issued a statement in response to Macellum Advisors GP's press release and letter to shareholders, stating in part: "We have continued to engage with Macellum since the settlement and are disappointed with the path they have taken and the unfounded speculation in their announcement and letter. Our strategic plan to transform Kohl's into the leading omnichannel destination for the active and casual lifestyle continues to gain traction. Our third quarter 2021 performance demonstrates continued progress: Net sales increased 16%, beating expectations, due to strong performances across both stores and digital. Operating margin reached a nine-year high of 8.4% and our full year EPS outlook represents an all-time high for our company... Based on our performance in 2021, we are positioned to exceed our key 2023 financial goals two years ahead of plan. We remain confident in our future and have accelerated our share repurchase activity. In 2021, we continue to expect to repurchase $1.3 billion in shares, reinforcing our commitment to driving shareholder value. We will discuss our 2021 results in more detail on our earnings call on March 1, 2022. Looking ahead, we believe the continued execution of our strategy will position us to further improve our overall performance. We plan to share an updated financial framework and capital allocation strategy at our previously announced Investor Day on March 7, 2022... The Company has been open to engagement with shareholders, and after discussion with a larger group of shareholders last year agreed to certain Board level changes. As recently as this weekend, Macellum refused to enter a confidentiality agreement to hear about the Company's progress across operating performance metrics, strategic initiatives and capital allocation plans, and provide input on these matters as a shareholder. They have been unwilling to constructively engage. The Board and management remain focused on sustained value creation. Distracting the Company from this focus does not benefit shareholders."
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VZ AMZN | Hot Stocks12:07 EST Verizon, AWS expand to 30% more metro area locations with mobile edge computing - Verizon (VZ) and Amazon's (AMZN) AWS are now offering mobile edge computing in more U.S. metro areas with the addition of Charlotte, Detroit, Los Angeles and Minneapolis, the companies announced. "Verizon 5G Edge with AWS Wavelength, a real-time cloud computing platform, brings AWS compute and storage services to the edge of Verizon's wireless network. The combination minimizes the latency and network hops required to connect from an application hosted on the platform to the end user's device. Launched in August 2020, the companies currently offer mobile edge computing via AWS Wavelength Zones in 17 locations in the U.S. Using 5G Edge with AWS Wavelength allows developers and businesses to build and deploy a variety of applications such as machine learning, Internet of Things, and video and game streaming," the companies said.
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GIS | Hot Stocks12:02 EST General Mills recommends shareholders reject mini-tender offer by TRC - General Mills announced that it received notice of an unsolicited "mini-tender" offer by TRC Capital Investment Corporation to purchase up to two million shares of General Mills common stock at a price of $65.50 per share in cash. TRC's offer price is 4.48% less than the $68.57 closing price per share of General Mills' common stock on January 7, 2022, the last trading day before the mini-tender offer commenced. If all shares are acquired, TRC's ownership would represent approximately 0.33% of General Mills' outstanding common stock. General Mills is not affiliated with TRC and does not endorse TRC's unsolicited mini-tender offer. General Mills recommends that General Mills shareholders do not tender their shares in response to the offer. General Mills also recommends that any shareholders who have tendered shares to TRC withdraw those shares by providing the written notice described in the offer documentation before the expiration of the offer, which is currently scheduled for 12:01 a.m. New York City time on February 9, 2022. TRC has included in the terms of its offer a condition that the price of General Mills' common stock must not decrease. As a result, unless TRC decides to waive this condition, General Mills shareholders who tender their shares in the offer would receive a below-market price for their shares through the tender offer. The offer is also subject to numerous other conditions, including TRC's ability to obtain sufficient financing to consummate the offer. Shareholders should obtain current market quotes for their shares, review the conditions to TRC's mini-tender offer, consult with their brokers or financial advisors, and exercise caution with respect to TRC's mini-tender offer.
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SG | Hot Stocks12:00 EST Sweetgreen falls -12.9% - Sweetgreen is down -12.9%, or -$3.38 to $22.83.
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SI | Hot Stocks12:00 EST Silvergate Capital falls -19.2% - Silvergate Capital is down -19.2%, or -$26.48 to $111.67.
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BTCM | Hot Stocks12:00 EST BIT Mining Limited falls -27.1% - BIT Mining Limited is down -27.1%, or -$1.33 to $3.58.
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SOXS | Hot Stocks12:00 EST Direxion Daily Semiconductor Bear 3X Shares rises 8.1% - Direxion Daily Semiconductor Bear 3X Shares is up 8.1%, or 28c to $3.76.
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FATH | Hot Stocks12:00 EST Fathom rises 9.1% - Fathom is up 9.1%, or 72c to $8.61.
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CIB | Hot Stocks12:00 EST Bancolombia rises 9.3% - Bancolombia is up 9.3%, or $3.09 to $36.34.
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ESSC | Hot Stocks11:51 EST East Stone Acquisition Corp trading resumes
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ATVI... | Hot Stocks11:50 EST 'Call of Duty: Vanguard' best-selling game in U.S. in December, says NPD - NPD analyst Mat Piscatella said that Activision's (ATVI) "Call of Duty: Vanguard" was December's best-selling game in the U.S. "Call of Duty" ranked as the best-selling video game franchise in tracked dollar sales for a record 13th consecutive year. Microsoft's (MSFT) "Halo: Infinite" debuted as the #2 best-selling game of December 2021. "Halo: Infinite" ranked as the December's best-selling game on Xbox platforms, while also leading sales among tracked titles on PC. Nintendo's (NTDOY) "Pokemon Brilliant Diamond/Shining Pearl" was the 3rd best-selling title of December 2021, ranking 1st on Nintendo platforms for both Dec as well as 2021. 2021 dollar sales of Pokemon franchise physical software reached its highest annual total since the year 2000. Capcom's (CCOEY) "Resident Evil: Village" finished 2021 as the year's #8 best-selling game. Resident Evil franchise dollar sales reached a new all-time annual high for the U.S. market. Sony's (SONY) "MLB The Show 21" was the 9th best-selling game of 2021, ranking 5th on PlayStation platforms, and 18th on Xbox (digital sales not included on Xbox platforms). "MLB The Show 21" is the best-selling baseball game in U.S. history. Seven of the top 20 best-selling games of 2021 also ranked among the top 20 best-sellers of 2020. Three titles - WarnerMedia's (T) "Mortal Kombat 11," Nintendo's "Super Smash Bros Ultimate" and "Mario Kart 8" - also appeared on both the 2020 and 2019 top 20 best-sellers charts. 19 of the top 20 best-selling games of 2021 on Nintendo platforms were published by Nintendo. The only third-party title to crack the top 20 was "Monster Hunter: Rise," published by Capcom USA, which ranked 6th. Other top video game publishers include Ubisoft (UBSFY), EA (EA), Take-Two (TTWO), Square Enix (SQNXF), and Tencent (TCEHY).
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ESSC | Hot Stocks11:46 EST East Stone Acquisition Corp trading halted, volatility trading pause
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NTDOY... | Hot Stocks11:45 EST December video game spending fell 1% y/y, says NPD - NPD analyst Mat Piscatella said that December 2021 consumer spending across video game hardware, content and accessories fell 1% when compared to a year ago, to $7.5B. 2021 consumer spending reached a record $60.4B, 8% higher when compared to 2020. December growth in subscription and recurrent spending across PC, console, VR and mobile platforms offset declines in premium game sales to keep content spending flat vs YA. Hardware (down 3%) and accessory (down 9%) spending fell in December 2021 when compared to December 2020. December video game hardware dollar sales declined 3% when compared to December 2020, to $1.3B. Despite the December declines, full-year 2021 hardware spending reached $6.1B, gaining 14% compared to 2020. The Nintendo Switch (NTDOY) was December 2021's best-selling hardware platform in units sold, while Switch and PlayStation 5 (SONY) effectively tied for dollar sales leadership in the month. Nintendo Switch led 2021 hardware in both unit and dollar sales. The Fly notes that Microsoft (MSFT) also makes video game hardware. Reference Link
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F ADT | Hot Stocks11:32 EST Ford, ADT Inc. form joint venture for vehicle security - Ford (F) and ADT Inc. (ADT) will invest in a new joint venture called Canopy that combines ADT's professional security monitoring and Ford's AI-driven video camera technology to help customers strengthen security of new and existing vehicles across automotive brands. Canopy plans to launch industry-first, multi-sensor security systems with available professional monitoring early next year. The first products to be manufactured and sold will be available in the U.S. and the U.K. for the industry's highest-volume commercial and retail pickups and vans - including the Ford F-150, F-150 Lightning, Transit vans and E-Transit - and will be easily installable by customers to protect expensive work and recreational equipment. Canopy also plans to begin integrating camera security solutions in Ford vehicles next year for seamless protection inside and outside vehicles. Canopy will seek factory-vehicle integrations with other automakers over time. The Canopy team has been developing and testing its first technologies for two years as part of Ford's New Business Platform innovation incubation group. They will now be headquartered in Detroit and London and led by Interim CEO Christian Moran. Canopy also will seek relationships with other automotive, insurance, and technology companies to expand offerings, explore insurance benefits for use of the technology, and co-create new innovations. Ford and ADT's investment in Canopy is subject to certain conditions, including regulatory approvals, and initial funding is expected to close in the second quarter of 2022. The partners expect to invest approximately $100 million during the next three years.
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NATR | Hot Stocks11:31 EST Natures Sunshine launches AIVIA active nutrition line - Nature's Sunshine Products announced the launch of AIVIA, a new line of nutrition products designed to support fitness and weight management goals. "Nature's Sunshine has brought the healing power of nature to millions of Americans for nearly 50 years," said Terrence Moorehead, CEO, Nature's Sunshine. "This next iteration of our journey is leveraging the 'Healing Power of Nature' through our AIVIA nutritional supplement line to support powerful, focused nutrition for every active lifestyle." The AIVIA collection features a variety of natural-based products to support physical activity, provide energy and help manage weight, the company said in a statement.
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SIRI | Hot Stocks11:07 EST Sirius XM announces multi-year extension to broadcasting agreement with PGA Tour - The PGA Tour and SiriusXM announced that they have reached a multi-year extension to their broadcasting agreement, which will continue to deliver tournament coverage on the SiriusXM PGA Tour Radio channel for subscribers nationwide through 2024. "We are very pleased to extend our relationship with the PGA Tour. Our extensive schedule of in-depth tournament broadcasts will continue to ensure golf fans can follow the best players in the world as they compete all season long. With live event broadcasts every week, and a daily original programming lineup that features some of the most entertaining voices in the game, the best golf coverage in audio entertainment, bar none, continues to be on SiriusXM," said Scott Greenstein, SiriusXM's President and Chief Content Officer.
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BLNK GM | Hot Stocks11:02 EST Blink Charging deploying EV chargers at GM dealerships in U.S. and Canada - Blink Charging (BLNK) announced it is deploying EV chargers at General Motors (GM) dealerships in the U.S. and Canada. "Working with ABM, which delivers turnkey EV charging installations, Blink has already started shipping chargers to selected GM dealerships and currently has orders on hand to supply GM dealers in the U.S. and Canada with additional charging stations over the next several months," the company said. "We are proud to bring Blink's EV charging stations to GM dealerships, providing the vital infrastructure needed to charge GM's growing lineup of EV models. As transportation continues to shift towards becoming more electric, Blink's technologically advanced EV charging infrastructure will help play a significant role in accelerating EV mass adoption," said Michael Farkas, Founder and CEO of Blink Charging.
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DOUG | Hot Stocks10:31 EST Douglas Elliman appoints Deva Roberts SVP, associate general counsel - Douglas Elliman Realty announced that Deva Roberts has been named the firm's new Senior Vice President and Associate General Counsel. In this role, she will be engaged in all legal aspects of the firm's real estate sales and development work. Roberts will work from Douglas Elliman's corporate headquarters at 575 Madison Avenue, the company said in a statement.
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VUZI | Hot Stocks10:03 EST Vuzix, AMA partner to address future of deskless workforce - Vuzix Corporation and AMA announced the reinforcement of their partnership to grow and strengthen both organization's ability to deliver world-class remote collaboration for the deskless workforce. Vuzix and AMA have been closely working together for over five years and are now widening the scope of their partnership agreement to accelerate the digital transformation of their joint industrial and healthcare customer base. By proposing the lightweight and ergonomically versatile Vuzix M400 smart glasses on the entire XpertEye remote assistance product range, customers will be able to boost productivity and successfully complete remote support tasks safely and efficiently. Customers will now benefit from hands-free collaboration with voice control on XpertEye Essential as well as from seamless remote assistance with the Vuzix M400 wearable display connected to a dedicated smartphone on XpertEye Advanced.
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PFIN | Hot Stocks10:02 EST P&F Industries acquires business of Jackson Gear Company for $2.3M in cash - P&F Industries announced that effective January 15, through a wholly owned subsidiary of Hy-Tech Machine, it acquired substantially all the non-real estate assets comprising the business of Jackson Gear Company, a Pennsylvania-based corporation that manufactures and distributes custom gears and power transmission gear products. The purchase price consisted of an aggregate of $2.3M in cash and the assumption of certain payables and obligations.
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UL | Hot Stocks10:00 EST Unilever falls -10.0% - Unilever is down -10.0%, or -$5.43 to $48.86.
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BTCM | Hot Stocks10:00 EST BIT Mining Limited falls -14.5% - BIT Mining Limited is down -14.5%, or -71c to $4.20.
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SI | Hot Stocks10:00 EST Silvergate Capital falls -14.8% - Silvergate Capital is down -14.8%, or -$20.51 to $117.64.
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BPT | Hot Stocks10:00 EST BP Prudhoe Bay rises 7.4% - BP Prudhoe Bay is up 7.4%, or 39c to $5.65.
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CIB | Hot Stocks10:00 EST Bancolombia rises 7.5% - Bancolombia is up 7.5%, or $2.48 to $35.73.
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FATH | Hot Stocks10:00 EST Fathom rises 7.5% - Fathom is up 7.5%, or 59c to $8.48.
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GS | Hot Stocks09:59 EST Goldman Sachs sees strategic deal activity remaining high, says CEO
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DSX | Hot Stocks09:53 EST Diana Shipping reports continuation of time charter contract for Polymnia - Diana Shipping announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with CLdN Cobelfret SA, Luxembourg, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia. The gross charter rate is $24,750 per day, minus a 5% commission paid to third parties, for a period until minimum January 15, 2023 up to maximum March 15, 2023. The new charter period is expected to commence on February 2, 2022. The m/v Polymnia is currently chartered, as previously announced, at a gross charter rate of $12,100 per day, minus a 5% commission paid to third parties. The "Polymnia" is a 98,704 dwt Post-Panamax dry bulk vessel built in 2012. The employment of "Polymnia" is anticipated to generate approximately $8.49M of gross revenue for the minimum scheduled period of the time charter.
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SQ | Hot Stocks09:51 EST Square, Ally partner to streamline transactions, delivery opportunities - Ally announced a brand-new collaboration with Square. Through this partnership, Ally and Square will offer restaurant, retail, and eCommerce businesses a fully integrated suite of tools designed to maximize profits, reduce costs, and streamline deliveries to loyal customers.
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GS | Hot Stocks09:50 EST Goldman Sachs committed to paying more for top talent, says CFO Coleman
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GS | Hot Stocks09:50 EST Goldman Sachs to provide updated financial targets next month, says CFO
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DCBO | Hot Stocks09:48 EST Docebo, Pavilion enter strategic partnership to enhance learner experience - Docebo and Pavilion announced that they have entered a strategic partnership to enhance the learner experience for Pavilion's members. This partnership includes several Docebo products that will enable Pavilion to further support its 7,000+ members through additional training and certification opportunities and valuable content offerings, resources, and learning experiences through Pavilion University, powered by Docebo.
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GS | Hot Stocks09:48 EST Goldman Sachs sees 1Q22 buybacks 'at or around' levels of 4Q21
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AWK | Hot Stocks09:47 EST Missouri American Water invests $52M to replace St. Louis County pipes - To improve St. Louis County's aging water system, Missouri American Water is replacing nearly 95,000 feet of water main starting in January. "Over the next few months, we are investing $52 million in pipe replacement across St. Louis County to increase service reliability for our customers and enhance fire flow for our firefighters," said Missouri American Water President Rich Svindland.
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SNDA | Hot Stocks09:47 EST Sonida Senior Living falls -9.0% - Sonida Senior Living is down -9.0%, or -$2.73 to $27.71.
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UL | Hot Stocks09:47 EST Unilever falls -9.7% - Unilever is down -9.7%, or -$5.26 to $49.03.
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SI | Hot Stocks09:47 EST Silvergate Capital falls -12.5% - Silvergate Capital is down -12.5%, or -$17.27 to $120.88.
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CIB | Hot Stocks09:47 EST Bancolombia rises 6.2% - Bancolombia is up 6.2%, or $2.07 to $35.32.
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LDI | Hot Stocks09:47 EST LoanDepot rises 6.3% - LoanDepot is up 6.3%, or 31c to $5.21.
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SOXS | Hot Stocks09:47 EST Direxion Daily Semiconductor Bear 3X Shares rises 6.9% - Direxion Daily Semiconductor Bear 3X Shares is up 6.9%, or 24c to $3.72.
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GS | Hot Stocks09:46 EST Goldman Sachs has line of sight to $1.5B in incremental private asset sales
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PNC | Hot Stocks09:46 EST PNC Financial sees FY22 revenue up 8%-10%, consensus $20.59B - Sees FY22 average loans up 10%. Sees FY22 period-end loans up 5%. Sees FY22 noninterest expense ex-items up 4%-6%. Sees FY22 effective tax rate 18%. Guidance taken from Q4 earnings conference call.
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GS | Hot Stocks09:45 EST Goldman Sachs sees more volatility as easing policies are unwound
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GS | Hot Stocks09:45 EST Goldman Sachs CEO sees omicron having less of an economic impact
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STG | Hot Stocks09:42 EST Sunlands Technology Group (Class A ADS) trading resumes
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SPTN AMZN | Hot Stocks09:38 EST SpartanNash names Bennett Morgan as SVP, Chief Merchandising Officer - SpartanNash (SPTN) announced the addition of Bennett Morgan to its executive leadership team. Morgan will serve as Senior Vice President and Chief Merchandising Officer, effective Jan. 24 and reporting to SpartanNash President and CEO Tony Sarsam. Morgan joins SpartanNash from Amazon (AMZN), where he helped launch its fast-growing grocery business, including opening physical stores across the country.
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STG | Hot Stocks09:37 EST Sunlands Technology Group (Class A ADS) trading halted, volatility trading pause
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GS | Hot Stocks09:37 EST Goldman Sachs CEO: Inflation may be above trend for some time
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GS | Hot Stocks09:35 EST Goldman Sachs CEO: Omicron 'less severe,' already peaked in some countries - Comments taken from Q4 earnings conference call.
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ATOS | Hot Stocks09:31 EST Atossa Therapeutics announces advancement to Part B of AT-H201 study - Atossa Therapeutics announces it is advancing to enroll participants in Part B of its Phase 1/2a clinical study of AT-H201 in Australia, consisting of multiple ascending dose cohorts in healthy participants. The nebulized formulation, AT-H201, is being developed as an inhalation therapy for moderately to severely-ill hospitalized COVID-19 patients and for "long-haul" patients with post-infection pulmonary disease. Part A of the study, which consisted of a single ascending dose group of 4 cohorts of healthy participants, has now been completed. The Australian Human Research Ethics Committee has reviewed the safety data from Part A and has approved the study to proceed to Part B. The Phase 1/2a placebo-controlled study will enroll a total of 60 healthy participants and moderately-ill hospitalized COVID-19 patients. The study has 4 parts: Part A - a single ascending dose part, Part B - a multiple ascending dose part, Part C - a combination part in healthy individuals, and Part D a combination in COVID-19 infected patients. The study is being conducted by Avance Clinical Pty Ltd., a leading Australian clinical research organization. AT-H201 is a proprietary combination of two drugs previously approved by the FDA to treat other diseases and by other administration routes. AT-H201 is intended to be inhaled via a nebulizer to improve compromised lung function for moderate to severely ill, hospitalized COVID-19 patients and for "long-haul" patients with post-infection pulmonary disease. In May 2020, we completed in vitro testing of AT-H201 which showed that the components of AT-H201 inhibit SARS-CoV-2 infectivity of VERO cells, which is a standard cell type being used to study infectivity of the coronavirus. The Phase 1/2a study in Australia and other clinical studies must be successfully completed and regulatory approvals must be obtained before AT-H201 may be commercialized. No assurance can be given than studies will be successful or that regulatory approvals will be obtained.
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WINR | Hot Stocks09:30 EST Simplicity Esports enters agreement for opening of two esports gaming centers - Simplicity Esports and Gaming Company has entered into an agreement with live stream broadcast company Huvi for consulting services and gaming center equipment sales for Huvi's first two gaming center locations. Simplicity Esports also secured exclusive rights for consulting and equipment sales for all future Huvi gaming centers for the next 5 years. The Huvi locations will contain similar PCs as Simplicity Esports with NVIDIA 3090 GPUs and plan to mine cryptocurrency using the same process and system as Simplicity Esports existing gaming centers.
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BFRI | Hot Stocks09:29 EST Biofrontera Inc. 'poised' to increase sales, gain further market share - The company said, "We would like to extend warm wishes to all of you for a healthy and prosperous 2022. At Biofrontera Inc., we welcomed the New Year with optimism and continued business momentum..We are proud of the hard work by the talented members of our sales team across the country. Despite the challenges resulting from the COVID-19 pandemic, we returned to topline growth in 2021. Most dermatology offices have fully reopened and patients have shown increased willingness to undergo in-office treatments for AK. We exited 2021 with strengthened financial performance, including: Preliminary sales for the fourth quarter of 2021 in a range of $9.1 million to $9.2 million, representing an increase of approximately 7% compared with the fourth quarter of 2020. Preliminary revenue for the full year 2021 anticipated to be in the range of $24.1 million to $24.2million, an increase of approximately 27% over full year 2020...According to the Skin Cancer Foundation, AK affects approximately 58 million people in the U.S. In 2020, an estimated 12.7 million AK treatments were performed in the U.S., which translates to a total addressable market of about $4 billion for Ameluz with its current FDA-approved indication. AK is a precursor to squamous cell carcinoma, a skin cancer with a potentially fatal outcome. The most common treatment for AK is cryotherapy, with a 2020 market share of approximately 86%. Topical drugs for the treatment of AK had a market share of about 12%, followed by photodynamic therapy treatments with about a 2% share. Despite its market dominance, we think cryotherapy lacks certain advantages as a treatment option compared with PDT. As such, the opportunity to gain share from cryotherapy is a key focus of our commercial efforts. Expanding the Ameluz label allows us to consistently deliver innovative solutions for patients and serves as the key mechanism to unlock the drug's potential. Continued investment in clinical research by our license partner aiming at label expansion is thus an integral part of our business. According to our license agreement for Ameluz, the licensor is obliged to conduct and finance the clinical studies required for defined label expansions. The FDA approval pathway takes significant investment and time but, if successful, the result can be very rewarding - not only for the patients, but also for the potential value creation for our shareholders. The clinical successes for our licensed products in 2021 included regulatory approval for the new RhodoLED XL lamp, progress on the Phase 3 study for the treatment of basal cell carcinoma, the launch of a 3-tube safety study as well as a Phase 2b trial for acne - all of which keep the Ameluz clinical program moving forward. Our second licensed prescription drug is Xepi. Xepi is a topical antibiotic for the treatment of impetigo, a highly contagious bacterial skin infection with more than 3 million cases in the U.S. each year. Currently, no antibiotic resistance against Xepi is known, and Xepi has also been specifically approved by the FDA for resistant strains of staphylococcus aureus or streptococcus pyogenes, including MRSA. In 2020, more than 13 million prescriptions were written for drugs in indications where Xepi could be effective. Xepi is distributed through specialty pharmacies and is generally covered by most commercial payers without pre-authorization. We believe there is considerable market potential for Xepi in the coming years..Our longer-term financial objectives include achieving consistent revenue growth and expanding operating margins. Accordingly, we are focused on balancing market expansion with operating efficiency, including effective resource utilization, information technology leverage and overhead cost management. Our market-expansion strategy is based on bolstering awareness of our licensed products through industry recognition, data-driven sales strategies, and a robust and dynamic commercial infrastructure. We intend to optimize our sales force by adding sales territories, and to strengthen medical affairs to become a trusted partner through scientific data publication, interaction with key opinion leaders and industry support. Overall, our marketing and development goals align to form a commercial strategy that has uniquely positioned Biofrontera for leadership in the treatment of dermatological conditions. As we move into 2022, the energy across our organization is palpable. We are poised to increase sales and gain further market share in the U.S. We intend to expand our corporate footprint and to invest in our long-term growth strategies. As we continue to build upon our position in the dermatology market in the U.S., we invite you along on our exciting journey and affirm our commitment to transparency on the progress and milestones we strive to achieve."
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YSAC | Hot Stocks09:27 EST SPAC Yellowstone, Sky Harbour announce $70M FP deal in connection to combo - "Sky Harbour which aims to address the shortage of private aviation hangars in many areas across the country by establishing a network of turnkey upscale business aviation hangar complexes, and Yellowstone Acquisition Company a publicly-traded special purpose acquisition company announced that in connection with their proposed business combination , Yellowstone has entered into a forward purchase agreement for up to $70M with an affiliate of Atalaya Capital, a privately held, SEC-registered alternative investment advisory firm that focuses primarily on private credit and special opportunities investments. On January 17, Yellowstone and ACM ARRT VII E , entered into an agreement or FPA for an Equity Prepaid Forward Transaction FP Transaction...The number of Subject Shares shall be no more than the lesser of 7,000,000 and the maximum number of Shares such that Seller does not beneficially own greater than 9.9% of the Shares on a post-combination pro forma basis. If the Seller acquires less than 2,500,000 Subject Shares, it has agreed to acquire additional Shares from the Company in a private placement which will be subject to the FPA such that the sum of the number of Additional Shares and the number of Subject Shares will be equal to 2,500,000.
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YSAC | Hot Stocks09:26 EST SPAC Yellowstone, Sky Harbour announces $70M FP deal in connection to deal - "Sky Harbour which aims to address the shortage of private aviation hangars in many areas across the country by establishing a network of turnkey upscale business aviation hangar complexes, and Yellowstone Acquisition Company a publicly-traded special purpose acquisition company announced that in connection with their proposed business combination , Yellowstone has entered into a forward purchase agreement for up to $70M with an affiliate of Atalaya Capital, a privately held, SEC-registered alternative investment advisory firm that focuses primarily on private credit and special opportunities investments. On January 17, Yellowstone and ACM ARRT VII E , entered into an agreement or FPA for an Equity Prepaid Forward Transaction FP Transaction...The number of Subject Shares shall be no more than the lesser of 7,000,000 and the maximum number of Shares such that Seller does not beneficially own greater than 9.9% of the Shares on a post-combination pro forma basis. If the Seller acquires less than 2,500,000 Subject Shares, it has agreed to acquire additional Shares from the Company in a private placement which will be subject to the FPA such that the sum of the number of Additional Shares and the number of Subject Shares will be equal to 2,500,000.
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PTPI | Hot Stocks09:24 EST Petros Pharmaceuticals launches two label comprehension studies for Stendra - Petros Pharmaceuticals has initiated two self-selection studies for its erectile dysfunction drug Stendra. The results of these studies will be part of a more comprehensive data package the company plans to submit to the FDA to potentially achieve over-the-counter status for Stendra. The initiation of these self-selection studies follows topline pivotal label comprehension results. Results from these two self-selection studies will be shared with the FDA for input and alignment for the company's OTC development plan. This is a step in the development plan to seek non-prescription status for Stendra and will inform whether changes or additional labelling may be necessary to guide appropriate use and to help secure FDA support for future studies. The company expects to review these results with the FDA during a pre-IND interaction we anticipate having during the first half of 2022.
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QLGN | Hot Stocks09:19 EST Qualigen secures worldwide rights to G4-selective transcription inhibitors - Qualigen Therapeutics announces the exclusive worldwide in-license of a genomic quadruplex, G4,-selective transcription inhibitor drug development program, including lead and back-up compounds, preclinical data and a patent estate, from University College London. Qualigen intends to develop the lead compound, now called QN-302, as a treatment for pancreatic ductal adenocarcinoma, PDAC, which represents the vast majority of pancreatic cancers. This license agreement was carried out by UCL Business Limited, the commercialization company for UCL. "QN-302 is a promising candidate with a novel mechanism of action, supported by preclinical data from one of the leading pharmacology institutions in the world. This program aligns with our oncology focused therapeutics pipeline, expands our IP portfolio, and positions Qualigen well in this exciting area of G4 cancer research," commented Michael Poirier, Qualigen's Chief Executive Officer. "The scientific work UCL completed on the G4 platform could enable us to proceed with IND-enabling studies in 2022 toward an initial indication of pancreatic cancer."
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BLNK GM | Hot Stocks09:17 EST Blink Charging to supply electric vehicle chargers to GM dealerships - Blink Charging (BLNK) announced it is deploying EV chargers at General Motors (GM) dealerships in the U.S. and Canada. Working with leading facility solutions provider ABM, Blink is supplying its IQ 200 Level 2 chargers to participating GM dealerships across North America. "We are proud to bring Blink's EV charging stations to GM dealerships, providing the vital infrastructure needed to charge GM's growing lineup of EV models," said Michael D. Farkas, Founder & Chief Executive Officer of Blink Charging. "As transportation continues to shift towards becoming more electric, Blink's technologically advanced EV charging infrastructure will be a critical component of an automaker's ecosystem and will play a significant role in accelerating EV mass adoption." Working with ABM, which delivers turnkey EV charging installations, Blink has already shipped chargers to selected GM dealerships in all 50 states across the U.S. and currently has orders on hand to supply GM dealers in the U.S. and Canada with additional charging stations over the next several months.
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BHAT | Hot Stocks09:17 EST Blue Hat Interactive subsidiary Xunpusen expands cooperation with JD Cloud - Blue Hat Interactive announced the expansion of the cooperation between the company's operating subsidiary, Xunpusen Technology, and JD Cloud, a cloud computing brand under JD Technology, following JD Cloud's authorization of Xunpusen as one of its core channel partners. In October 2021, Xunpusen signed an agreement to be a channel and port provider for JD Cloud's SMS channels services.
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VISL | Hot Stocks09:17 EST Vislink launches Mobile Viewpoint Stellar Cam - Vislink announced the release of the Mobile Viewpoint Stellar Cam, a camera designed for artificial intelligence-powered live sports production. Stellar Cam is a new addition to the range of cameras offered by Vislink to fulfil the need for automatic coverage of demanding sports. It is exceptionally durable and weatherproofed, and features ultra-high resolution, high frame rates and zooming capabilities to capture action as it happens on the field of play.
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NAII | Hot Stocks09:16 EST Natural Alternatives International raises share repurchase plan by $3M - Natural Alternatives International announced its Board of Directors authorized a $3M increase to its stock repurchase plan bringing the total plan authorized repurchase amount to $18M. Under the repurchase plan, NAI may, from time to time, purchase shares of its common stock, depending upon market conditions, in open market or privately negotiated transactions. "To date, we have purchased 1.9 million shares under this repurchase plan, including the purchase of 237,000 shares since September 30, 2021, and after this increase we will have $3.0 million available for stock repurchases under the plan."
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TPTX | Hot Stocks09:16 EST Turning Point Therapeutics provides updates, anticipated 2022 milestones - Turning Point Therapeutics provided updates and anticipated milestones across its 2022 strategic objectives. The company's key strategic priorities are: 1. ADVANCE REPOTRECTINIB PROGRAM. The company announced that the Phase 2 registration enabling TRIDENT-1 study had strong progress across all cohorts for enrollment during the fourth quarter of 2021 with expansion cohort 4 now fully enrolled with the targeted 60 patients. Enrollment across all six cohorts of the study remains open and continues to progress steadily. Enrollment in EXP-4 is ongoing to provide continued access to new patients. The company anticipates discussing with the U.S. Food and Drug Administration topline BICR data from all of the ROS1-positive NSCLC cohorts from TRIDENT-1 at a pre-NDA meeting in the second quarter of 2022. The company anticipates providing a clinical data update from the NTRK-positive advanced solid tumor cohorts from TRIDENT-1 in the second half of 2022. 2.ADVANCE OTHER PIPELINE PROGRAMS. ELZOVANTINIB, MET/SRC/CSF1R INHIBITOR: Patient enrollment continues in the SHIELD-1 study at 40 mg QD to 40 mg BID in Phase 1 dose expansion and in parallel elzovantinib also is being studied at an intermediate dose level in Phase 1 dose escalation. The company anticipates providing a clinical data update from the Phase 1 SHIELD-1 study in the second half of 2022. The company anticipates initiating the Phase 2 portion of the SHIELD-1 study in the second half of 2022, pending FDA feedback on data from the intermediate dose level. The company anticipates initiating the SHIELD-2 combination study of elzovantinib and aumolertinib in mid-2022, pending clearance of an investigational new drug application by the FDA. TPX-0046, RET INHIBITOR: The company continues to progress the dose-finding portion of the Phase 1/2 SWORD-1 study, where the company is evaluating multiple doses and schedules to further characterize the pharmacokinetics, safety, and efficacy profile before determining the RP2D. TPX-0131, ALK INHIBITOR: The dose finding portion of the Phase 1/2 FORGE-1 study is ongoing. The company anticipates providing early interim data from initial patients treated in the dose-finding portion of the FORGE-1 study in the fourth quarter of 2022 or early 2023. 3. ADVANCE RESEARCH PROGRAMS: The company remains on track to nominate two development candidates in the second half of 2022. The most advanced programs target KRAS G12D and the p21 activated kinase, or "PAK" family.
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CRXT | Hot Stocks09:16 EST Clarus Therapeutics appoints Zhanna Jumadilova as chief CDO - Clarus Therapeutics announced the appointment of Zhanna Jumadilova, M.D., M.B.A., as Chief Clinical Development Officer, effective January 17, 2022. Prior to joining Clarus, Dr. Jumadilova served as Vice President, Clinical Development Head, ALIS at Insmed, a global biopharmaceutical company focused on the unmet needs of patients with rare diseases.
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CEQP... | Hot Stocks09:15 EST Crestwood Equity names Robert Halpin CFO, Diaco Aviki as COO - Crestwood Equity Partners (CEQP) announced several promotions within Crestwood's senior management team, effective immediately. Robert Halpin has been promoted to President and Chief Financial Officer, reporting directly to Robert G. Phillips, Founder, Chairman and Chief Executive Officer. Mr. Halpin has been with the Crestwood organization since 2012 and in his time with the company has played an integral role in the development and execution of Crestwood's corporate and financial strategy. Before joining Crestwood, Mr. Halpin worked in finance at First Reserve and Barclays Capital. Diaco Aviki has been promoted to Executive Vice President and Chief Operating Officer, reporting directly to Mr. Halpin. In his new role, Mr. Aviki will be responsible for overseeing Crestwood's commercial, business development, field operations, engineering and project management functions which primarily support Crestwood's gathering and processing business. Mr. Aviki has been with the Crestwood organization since 2017, previously having served as Senior Vice President of Business Development and Commercial Operations, and has played a critical role in the growth and commercial success of Crestwood's assets in the Williston, Delaware and Powder River basins. Prior to joining Crestwood, Mr. Aviki had an extensive career in the upstream and midstream sectors with ExxonMobil (XOM) and BHP Billiton (BHP).
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ATUS | Hot Stocks09:15 EST Altice USA, Ampersand announce multi-faceted partnership - Ampersand announced a multi-faceted partnership with leading Linear TV distributor, Altice USA. Ampersand becomes the exclusive seller of Altice's national Addressable inventory and will also integrate aggregated set-top box data insights from two million Altice households with a commitment to protecting personal information into its AND Platform for both local and national Addressable TV planning, buying and measurement. AND, a multiscreen TV planning, buying and measurement platform launched at the beginning of 2020, accounts for the single largest source of TV inventory in the industry, encompassing linear and streaming TV. The AND Platform provides marketers with reach across 80M households, of which 52M are Addressable.
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NVCN | Hot Stocks09:15 EST Neovasc announces publication of case series of first U.S. Reducer implants - Neovasc announced the publication of a case series in the journal Cardiovascular Revascularization Medicine describing successful uses of the Neovasc Reducer under a compassionate use protocol in the United States. The patients were treated under the care of Ryan Gindi, M.D., and the procedures were performed by Gerald Koenig, M.D., Ph.D, both from the Division of Cardiology, Henry Ford Hospital, Detroit. Following the commencement of the COSIRA-II Trial in the United States, qualifying patients are now eligible to be treated in a clinical trial for the device. The first patient treated with the Reducer is a 59-year-old male with diabetes suffering from severe coronary artery disease and debilitating refractory angina. The patient had a history of multiple stenting procedures, radiation therapy to treat blocked stents, and extensive medications to treat his chest pain. Despite all efforts to alleviate his anginal symptoms, he lived a significantly restricted lifestyle because of his chest pain. After implantation of the Reducer device, the patient became largely asymptomatic and did not require any further interventional therapy. He described walking several miles around Washington, D.C. without angina. The second patient is another 59-year-old male with an extensive history of coronary artery disease who previously suffered multiple heart attacks, underwent coronary artery bypass surgery and had multiple stenting procedures to control his symptoms. Despite all efforts and extensive medications, he remained severely restricted by his angina, and was subsequently treated with the Reducer device. A year following the procedure, he described being able to ride a bicycle 35 miles on hilly terrain without angina. COSIRA-II is a clinical trial designed to evaluate the safety and effectiveness of the Reducer in treating patients suffering from refractory angina. The randomized, double blinded, placebo-controlled trial will enroll approximately 380 patients in the United States and Canada at as many as 50 investigational sites. The primary endpoint of the trial is the change in exercise tolerance testing time measured at six months via a treadmill test.
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QUIK | Hot Stocks09:14 EST QuickLogic sees Q4 at or above operating cash breakeven - QuickLogic has received an approximately $1M non-cancellable and non-refundable purchase order in December to supply ArcticLink III BX display interface bridging device to a global provider of imaging products. Revenue is expected to be recognized in the first half of FY22. The company expects to be at or above operating cash breakeven in Q4. All other Q4 financial results expected to be within the ranges provided in the conference call held on November 17. Greater interface bridging sales expected further increases confidence in FY22 financial outlook. Global supply chain problems brought on by the COVID-19 pandemic have created a worldwide shortage of certain display bridge semiconductor solutions.
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GTEH UNFI | Hot Stocks09:13 EST GenTech's Fizzique receives first retail orders from UNFI - GenTech Holdings received its first orders during the opening two weeks of 2022 from UNFI, North America's largest publicly traded wholesale distributor of health and specialty foods, for its brand Fizzique. Fizzique recently announced that it has signed Megan Olivi as brand ambassador. Mrs. Olivi serves as a host and lead reporter for the UFC on ESPN as well as commenting on NFL for Fox. Inventory for Fizzique will start to arrive before the end of January with the full 2m initial order for product expected to be complete before mid-February. A further 2m cans have been reserve orders pending the value of initial orders for the product and expect to be on-hand towards the middle of the year at the latest.
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TRQ RIO | Hot Stocks09:13 EST Pentwater Capital sends letter to Turquoise Hill board, urges action - On January 13, Pentwater Capital Management LP, the largest minority shareholder of Turquoise Hill Resources (TRQ), sent the following letter to the members of the Board of Directors of Turquoise Hill. "As with every other letter we have sent for the past year, there was no response. Pentwater urges all Turquoise Hill shareholders to make their voices heard by reaching out directly to the members of the TRQ Board. A copy of the letter is as follows: Dear Board of Directors of Turquoise Hill Resources: As you know, we at Pentwater Capital Management have been your largest minority shareholders for many years. I write to you because weeks have passed since a resolution was voted on in the Mongolian Parliament that could have materially detrimental effects on TRQ, and yet we have not heard any comment from TRQ's Board or management. As a result, we are gravely concerned that you and your cohorts at Rio Tinto (RIO) may be on the verge of committing some or all of the following flagrant derelictions of fiduciary duty: (1) TRQ would agree to forgive $2.3bn in debt that the Government of Mongolia owes TRQ, half of which the minority shareholders will have to absorb even though the only basis to forgive any debt is the malfeasance and misconduct committed by the operator of the mine, Rio Tinto; (2) You have not secured for TRQ minority shareholders any compensation from Rio Tinto in return for the costs and damages they suffered at the hands of Rio Tinto despite the fact that TRQ owns twice as much of the mine as the Mongolian government and the Mongolian government is receiving a package worth well in excess of $2.5 billion; (3) You are going to allow Rio to settle on terms that will restrict you from raising debt at the OT level and require you to fund the whole underfunding needed to complete the project, further harming the TRQ minority investors. If this does, in fact, turn out to be the outcome, you should steadfastly refuse to sign such a deal, and should resign if need be. Over the years, numerous Mongolian government officials - including two Prime Ministers - have been held in jail related to their actions regarding OT; Rio Tinto personnel have had to leave Rio under a cloud of scandal, while the recent independent consultant's report is damning regarding Rio Tinto's actions. Nevertheless, TRQ board members have acted like puppets of Rio Tinto. There is so much blame to go around. Signing off on any of the scenarios listed above would constitute your admission of liability for such a blatant disregard for your fiduciary duties to your shareholders. As a significant investor in Turquoise Hill equity, Pentwater does not prefer to see the underground cease operations. But it is preferable to have a pause in operations than to have you practically give away the mine. Agreeing to the proposal that seems to be on the table would simply be an audacious and astonishing disregard for duty, and the blame would rest at your feet. Rio is desperate to sweep their malfeasance under the rug and will eventually agree to appropriate economic compensation even if it is necessary to pause construction. This mine will eventually operate and will be a windfall to the people of Mongolia and TRQ's investors. The minority shareholders have borne the burden of financing the construction and have had to live with consequences of Rio's misconduct and should be reasonably compensated for such. The minority shareholders continue to carefully watch your actions. You will surely be held to account for breaches of your fiduciary duties. We have seen enough from your past actions to not have much hope of our pleas leading to any result. With that said, it is never too late to begin doing the right thing. Please publicly reply to this letter and release this letter along with your response."
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TPTX | Hot Stocks09:12 EST Turning Point Therapeutics expects cash to fund operations into H2 of 2024 - Based on its current operating plans, the company expects that its cash, cash equivalents and marketable securities of $975M-$985M as of December 31, 2021, are sufficient to fund current operations into the second half of 2024.
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REVB | Hot Stocks09:12 EST Revelation announce first patient enrolled, dosed in Phase 1b study of REVTx-99 - Revelation Biosciences announced that the first patient has been enrolled and dosed in a Phase 1b clinical study to evaluate the potential utility of REVTx-99 for treating patients with allergic rhinitis and patients with chronic nasal congestion without polyps. The clinical study is being conducted in Australia. "In the US, approximately 8% of adults and 7% of children have allergies that cause symptoms of allergic rhinitis, also called hay fever, and patients with allergic rhinitis have a threefold greater risk of developing asthma. The risk of developing asthma increases with more severe and persistent allergic rhinitis," said James Rolke, Chief Executive Officer of Revelation. "REVTx-99 is being developed as a therapy for the millions of people who suffer from these symptoms each year." The Phase 1b, randomized, double-blind, placebo-controlled, crossover design study is expected to enroll approximately 28 participants. The primary endpoint is to evaluate the effects of REVTx-99 versus placebo on safety and tolerability. Key secondary endpoints include allergy symptoms and peak nasal inspiratory flow elicited by nasal allergen challenge. The company expects the topline data in the first half of 2022.
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NRUC | Hot Stocks09:11 EST National Rural Utilities Cooperative Finance Corp. appoints Mark Snowden as SVP - The National Rural Utilities Cooperative Finance Corporation announced that Mark Snowden will join CFC's executive team as a senior vice president focusing on strategic services for the electric cooperative network. Snowden currently serves as chief executive officer of Cimarron Electric Cooperative, based in Kingfisher, Oklahoma. In his leadership role, Snowden will work to ensure that CFC continues to provide best-in-class products and services to meet the needs of its electric utility members.
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ENG | Hot Stocks09:11 EST ENGlobal receives $2.2M in purchase orders to build security trailers - ENG announced it has received purchase orders worth $2.2M to build 120 parking lot security trailers. The trailers, whose primary purpose is to provide electronic surveillance that keeps parking lots safer and which can be used for other remote surveillance, will be built at the company's fabrication facility in Henderson, Texas and assembled in Houston, Texas at its 80,000 square foot indoor integration facility. ENG will build and deliver a minimum of 10 trailers per month starting this month and expects to deliver all 120 trailers by the end of this year. ENG engineered, designed, built and delivered a total of 50 trailers in 2021, receiving revenue of $950,000.
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ESEA | Hot Stocks09:10 EST Euroseas announces charter for M/V EM Astoria - Euroseas announced a new charter of its container vessel M/V "EM Astoria". M/V "EM Astoria", a 2,788 TEU vessel built in 2004, entered into a new time charter contract for a period of between a minimum of thirty-six and a maximum of thirty-eight months at the option of the charterer, at a daily rate of $65,000 for the first twelve months, followed by a daily rate of $50,000 for the subsequent twelve months and followed by a daily rate of $20,000 for the remaining twelve to fourteen month period of the charter resulting in an average daily rate of about $45,000 for the duration of the charter. The new charter will commence in February 2022 after the completion of the present charter of the vessel.
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VRPX CRL | Hot Stocks09:10 EST Virpax completes dermal safety studies for Epoladerm for osteoarthritis - Virpax Pharmaceuticals (VRPX) reported positive results of four preclinical dermal safety studies for Epoladerm, diclofenac epolamine. Epoladerm is an investigational product candidate for the management of pain associated with osteoarthritis of the knee. From these recently concluded animal studies, researchers concluded that once daily dermal administration of Epoladerm for 28 days was well-tolerated with no serious adverse findings. The studies were performed by Charles River Laboratories (CRL), a well-known clinical research organization. The studies included a skin irritation study in rabbits; a dermal sensitization assessment in guinea pigs; and a phototoxicity assay in mouse fibroblasts. Epoladerm was well- tolerated in each of the studies and no reportable dermal irritation, dermal sensitization or phototoxicity was observed. "These successful preclinical outcomes should further strengthen Virpax's planned Investigational New Drug Application for Epoladerm in advance of the anticipated start of first-in-human trials," said Anthony P. Mack, Chairman and CEO of Virpax.
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UDMY | Hot Stocks09:10 EST Udemy set to expand EMEA headquarters in Dublin - Udemy has announced that it plans to expand its EMEA headquarters in Dublin, creating more than 120 new jobs in 2022. "The company is a global marketplace for learning and teaching online, with 46 million learners, 175,000 courses, and 60,000 instructors teaching in over 75 languages. Udemy's learners and instructors are drawn from over 190 countries," the company said. Udemy established its EMEA headquarters in Dublin in 2014 and has become a major go-to-market hub for the company's employee training and development product, Udemy Business, and supports Irish customers such as TG4, Gaelic Players Association, ESW, Teamwork, CR2, and many more. Currently employing nearly 200 people in Dublin, Udemy plans to grow to more than 300 employees in the location by the end of 2022.
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DISH | Hot Stocks09:10 EST Dish Wireless, WCI Technologies announce partnership - WCI Technologies announced a partnership with DISH Wireless to market 5G services to enterprises. This collaboration expands upon a longstanding business relationship between WCI and DISH. WCI will sell, market and deliver systems integration services to enterprise customers while DISH provides access to its deep portfolio of licensed spectrum, RF design capabilities and 5G deployment expertise. The venture will target enterprise customers across oil and gas, health care, mining and other industries. The combined offering with WCI will initially focus on private wireless solutions supported by DISH's portfolio of licensed spectrum. Customers with mission-critical business functions requiring wireless connectivity will be able to maintain complete control over the management of their networks without the risk of uncertain performance that is inherent in shared spectrum options. Once DISH launches its 5G network, the partnership with WCI will expand to include support for handsets and data devices that require nationwide coverage.
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SISI | Hot Stocks09:09 EST Shineco enters into share transfer agreement to acquire 51% interest in XPYK - Shineco announced that on January X, 2022, the Company entered into share transfer agreements with certain shareholders of Xiang Peng You Kang Technology, a comprehensive medical and healthcare company, to acquire 51% of the total outstanding equity interest of XPYK. Pursuant to the Agreements, the aggregate purchase price for the 51% equity interest in XPYK is approximately $5.6 million, payable in the Company's restricted common stock in the amount of 700,551 common shares, valued at a price of $8 per share. The purchase price of 51% XPYK equity interest is determined based on the legal and financial due diligence and the Company's internal evaluation of XPYK. The Company expects that the acquisition of the controlling interest in XPYK will help it accelerate its digital transformation and develop comprehensive medical and healthcare services. Subject to customary closing conditions, the parties to the Agreements expect to close the transactions set forth therein within sixty days from the date hereof. XPYK is a comprehensive medical and healthcare group with the self-developed "Yikang International Medical and Health Service platform". The Platform is an integrated service system with industry-leading medical and healthcare resources that provides patients with professional, fast and effective medical and healthcare solutions. So far, XPYK has tens of thousands of medical experts and more than 100,000 member customers, including a number of Fortune 500 companies, such as JD.com, Inc. and The People's Insurance Company Of China. All the founders of XPYK are medical doctors or postdoctoral fellows from Peking University, each with extensive medical clinical and medical management experience. Driven by multiple factors, such as policy changes, technological development, market evolution, and the COVID-19 pandemic, digital medical and healthcare management industries are ushering in major development opportunities. According to certain data from Boston Consulting Group, the number of digital medical users in China has exceeded 600 million up to now. The number of third-party medical platforms was over 100, and the overall user frequency has surged to a huge scale of 1 billion times. This marks the transformation of the medical industry from providing "medical security" to providing "healthcare services". Based on the anticipation of the continued expansion of the digital medical market, XPYK has actively deployed and occupied a large market share in offline medical and healthcare services in China.
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RMO | Hot Stocks09:08 EST Romeo Power names Anne Devine as COO, Rose Rogers as CPO - Romeo Power announced that it has named Anne Devine as COO and Rose Rogers as chief people officer. In their new executive roles Devine and Rogers will report directly to CEO Susan Brennan. Devine will replace Criswell Choi, who will leave Romeo after a four-week transition period to pursue other opportunities.
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SRNE | Hot Stocks09:08 EST Sorrento Therapeutics announces ANVISA authorizes Phase 2 trial of COVI-MSC - Sorrento Therapeutics announced receipt of clearance from the Brazilian regulatory agency, ANVISA, to proceed with a Phase 2A study of introvenous allogeneic adipose-derived mesenchymal stromal cells to treat post COVID-19 "long haul" pulmonary compromise. The Brazil study is a Phase 2, multi-center, randomized, controlled study to evaluate the safety and efficacy of up to three infusions of COVI-MSC, administered every other day, to patients experiencing respiratory difficulty recovering from a COVID-19 infection at least 3 months prior to enrollment. The study is expected to enroll 60 patients in about six months from the date of first enrollment. The primary outcome measure will be improvement in the 6-Minute Walk Distance test at Day 60 post-treatment. "We are very satisfied with the progress made in Brazil so far, and we have developed very strong local relationships in support of multiple studies," stated Dr. Henry Ji, Chairman and CEO of Sorrento. "We expect this next Phase 2 study to confirm the clinical benefits for long-hauler patients. Long-hauler syndrome is likely to be the next major challenge for medical systems in a post-COVID era, and we intend to be the leaders in addressing this future unmet need."
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PRAX | Hot Stocks09:08 EST Praxis Precision Medicines announces publication of PRAX-562 preclinical data - Praxis Precision Medicines announced the publication of data in the journal Epilepsia from a preclinical study of PRAX-562, a preferential persistent sodium channel blocker currently in development for the potential treatment of rare adult cephalgias and Developmental and Epileptic Encephalopathies. This preclinical study investigated the effects of PRAX-562 on intrinsic neuronal excitability and protection from induced seizures as compared to sodium channel blockers used as standard-of-care antiepileptic treatments. In the study, PRAX-562 demonstrated robust preclinical antiseizure activity and significantly improved preclinical tolerability, with improved or comparable efficacy when evaluated against currently used sodium channel blockers. The data demonstrate that by preferentially blocking persistent sodium current, PRAX-562 may represent a differentiated treatment option for disorders of hyperexcitability, such as DEEs, where standard sodium channel blockers are effective but poorly tolerated. DEEs are a group of disorders characterized by intractable seizures and other co-morbidities. Mutations in voltage-gated sodium channel genes are the most common causes of DEEs. Given the number of NaV-targeting antiepileptic drugs, and the well understood role of sodium channels in governing brain excitability, it is clear that mutations and other causes of sodium channel dysregulation contribute to the pathology of DEEs and other, more common, forms of epilepsy.
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PTC | Hot Stocks09:08 EST PTC announces five-year definitive contract with USAF worth up to $95M - PTC announced that the United States Air Force is expanding its use of PTC's Servigistics Service Parts Management SaaS solution for its supply chain modernization program, ESCAPE. The expansion is a five-year definitive contract consisting of a one-year base period and four one-year options that are worth up to $95M if all options are exercised.
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CTRM | Hot Stocks09:07 EST Castor Maritime announces $55M debt financing, charter agreement - Castor Maritime announces the closing and drawdown of a $55.0 million senior term loan facility with a European bank, through, and secured by, five of its dry bulk vessel ship-owning subsidiaries and guaranteed by the Company. The Company intends to use the net proceeds from the $55.0 Million Financing for general corporate purposes, including supporting the Company's growth plans. The $55.0 Million Financing has a tenor of five years and bears interest at adj. SOFR plus 3.15% per annum. The M/V Magic Callisto, a 2012 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate equal to 101% of the average of the Baltic Panamax Index 4TC routes1. The charter commenced on January 12, 2022, and has a minimum duration of nine months and a maximum duration of about twelve months at the charterer's option. The benchmark vessel used in the calculation of the average of the Baltic Panamax Index 4TC routes is a non-scrubber fitted 74,000mt dwt vessel with specific age, speed - consumption, and design characteristics.
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ALGT | Hot Stocks09:06 EST Allegiant Travel reports December traffic up 5.2% vs. 2019 - Reports December capacity up 10.3%; Load factor down 3.8 pts; Departures up 4%; Passengers up 0.9%. All figures vs. 2019.
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AMIH | Hot Stocks09:06 EST American International appoints Lorraine D'Alessio, Kenny Myers to board - American International announced that the Board of Directors has appointed Ms. Lorraine D'Alessio and Dr. Kenny Myers to fill two of the vacancies on the Board of Directors, as independent directors. With these appointments, the Company's Board of Directors now has four members, three of which are independent. Both Ms. D'Alessio and Dr. Myers were also appointed to serve as members of the Company's Audit Committee. Since 2010, Ms. D'Alessio has served as CEO and Managing Partner at D'Alessio Law Group, PLC, a law firm in Beverly Hills, California which provides immigration and entertainment law services. Since March 2020, Dr. Myers has served as an owner and Vice President of Business Development for Living Fit Nation, Inc., a corporate wellness provider which designs and implements customized employee health and wellness programs for corporations, schools and municipalities around the United States.
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F... | Hot Stocks09:05 EST EU passenger car registrations down 22.8% in December - In December, passenger car registrations across the European Union declined by 22.8% to 795,295 units, marking the sixth consecutive month of decline, reported the European Automobile Manufacturers Association. "Most of the region's markets faced double-digit drops, including the four major ones," the group stated. Publicly traded automakers include Daimler AG (DDAIF), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY).
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FTNT | Hot Stocks09:05 EST Fortinet announces Home Hardware has implemented Fortinet Secure SD-WAN - Fortinet announced Home Hardware has implemented Fortinet Secure SD-WAN to digitally transform their organization. Over the past few decades, Home Hardware has grown dramatically to around 1,100 Dealer-owned stores as well as multiple data centers and cloud environments. "After an extensive evaluation process that included multiple vendor solutions, Fortinet Secure SD-WAN emerged as the right choice for Home Hardware," the company said. By tapping into the power of Fortinet Secure SD-WAN, Home Hardware is taking a security-driven networking approach to their digital transformation efforts to realize the following benefits: Better user experience, Simplified operations and reduced complexity, and Ensured PCI compliance.
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SRAX | Hot Stocks09:03 EST SRAX announces Q4 shares repurchased, dividend payment - SRAX has announced the quantity of shares repurchased in the fourth quarter of 2021, as well as the first payment being made for the previously issued dividend. Throughout the three months preceding December 31st, 2021, the Company repurchased approximately $800K worth of stock made up of 155,000 thousand shares of common stock at an average price of $5.12 per share. This was part of the Company's $10 million share buyback program announced on August 17, 2021. On September 13, 2021, SRAX announced a dividend to be paid to the holders of SRAX common stock on September 20, 2021. The dividend was paid in the form of preferred shares. The preferred shares hold shares from SRAX clients that are sold from time to time. As the shares are sold, the proceeds are to be paid 30 days after the end of each quarter. Through the end of the fourth quarter, we sold approximately $380K of these securities. Each holder of the preferred shares will receive a cash payment of $0.01 per share on or around January 30th, 2022.
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CFV | Hot Stocks09:02 EST Satellogic, CF Acquisition Corp. V secures additional $150M private placement - Satellogic and CF Acquisition Corp. V announced that they have secured an additional $150M private placement commitment from Liberty Strategic Capital, a private equity firm founded and led by former U.S. Secretary of the Treasury Steven Mnuchin. This investment brings the total committed capital coming into Satellogic in this series of transactions to more than $265M, building on the previously announced PIPE offering of $100M led by SoftBank's SBLA Advisers Corp. and Cantor Fitzgerald, among other top-tier institutional investors. Cantor Fitzgerald has increased its PIPE participation to approximately $58M from the previously disclosed amount of $33M. Both the Liberty and SoftBank SBLA Advisers Corp. placements are subject to lock-up provisions for a minimum of a year. In connection with Liberty's investment in Satellogic, Secretary Mnuchin will join Satellogic's board of directors as non-executive chairman. Chairman and CEO of Cantor Fitzgerald and CFV Howard Lutnick will also join the board of directors.
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ATVI... | Hot Stocks09:02 EST Video game stocks rally after Microsoft acquires Activision - Shares of video game makers after moving higher after Microsoft (MSFT) announced an agreement to acquire Activision Blizzard (ATVI) for $68.7B. Electronic Arts (EA), Take-Two (TTWO), Tencent (TCEHY), Ubisoft (UBSFY) and Roblox (RBLX) are moving higher in premarket trading.
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NURO | Hot Stocks09:02 EST NeuroMetrix receives FDA Breakthrough Designation for Quell technology - NeuroMetrix announced that its Quell technology has received Breakthrough Designation from the U.S. Food and Drug Administration, FDA, for reducing moderate to severe symptoms of chemotherapy induced peripheral neuropathy that have persisted for at least 6-months following the end of chemotherapy. Quell is an advanced, non-invasive, neuromodulation technology that is covered by 19 U.S. utility patents. It is the only wearable neuromodulator that is enabled by a proprietary microchip that provides precise, high-power nerve stimulation in a form factor the size of a credit card. The Quell device utilizes position and motion sensing to automatically adjust stimulation for an optimal patient experience both day and night. "This Breakthrough Device Designation is an important step in our effort to make Quell technology available to patients suffering from the debilitating effects of CIPN," said Shai Gozani, M.D., Ph.D., CEO of NeuroMetrix. "We are looking forward to completion and subsequent reporting of the results from the ongoing multi-center RCT of Quell in CIPN. Depending on the outcome of the trial, we hope to be positioned for an FDA filing in 2023. Following on our first Breakthrough Designation for fibromyalgia, this new designation for CIPN advances our effort to build a portfolio of Quell based prescription wearable neurotherapeutics."
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AUB | Hot Stocks09:02 EST Atlantic Union Bank appoints Maria Tedesco as COO - Atlantic Union Bank is pleased to announce that Maria Tedesco will assume the new role of COO, effective immediately. Tedesco will also continue to serve in her current role as President. As President & COO, Tedesco will lead the following customer-centric business units: consumer and business banking, wholesale banking, wealth management, home loans, technology and operations, marketing, digital strategy and enterprise experience, business intelligence, and first line of defense risk.
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CMI RUSHA | Hot Stocks08:59 EST Cummins completes 50% acquisition of Momentum Fuel from Rush Enterprises - Cummins (CMI) and Rush Enterprises (RUSHA) announced that they have closed on Cummins' acquisition of 50% equity interest in Momentum Fuel Technologies from Rush Enterprises. The joint venture between Rush Enterprises and Cummins will seek to enhance production of near-zero emissions natural gas powertrains by manufacturing Cummins-branded natural gas fuel delivery systems for the commercial vehicle market in North America. The new company combines the strengths of Momentum Fuel Technologies' compressed natural gas fuel delivery systems and Cummins' powertrain expertise. When powered by renewable natural gas, using methane collected from organic waste as the primary fuel source, the engines can be credited with a neutral to negative carbon index, resulting in net greenhouse gas emissions at or below zero. The joint venture will offer aftermarket support through Rush Truck Centers dealerships and Cummins distributors which will be able to service both the engine and the fuel delivery system. The partnership between Cummins and Rush Enterprises will benefit customers by providing them with access to an extensive CNG vehicle parts and service network; both Cummins' and Rush Enterprises' respective networks, which together represent over 250 locations in the US and Canada, will be equipped with certified technicians and access to a comprehensive CNG vehicle parts inventory.
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RSLS | Hot Stocks08:52 EST ReShape Lifesciences to participate in ASMBS meeting - ReShape Lifesciences announced its sponsorship of and participation in the American Society for Metabolic and Bariatric Surgery's, ASMBS, Leadership Academy and re-UNITED Meeting, taking place January 19-22, 2022, at the Mirage Las Vegas Hotel & Casino in Nevada. The Company also announced that Shelly Russell, Vice President Field Operations for ReShape Lifesciences, has been elected as a Director-At-Large to the ASMBS Corporate Council Steering Committee for a three-year term. "The ASMBS is an incredibly important organization, helping to educate and advance the field of metabolic and bariatric surgery. As such, we are honored to sponsor both the conference itself and the Leadership Academy, which gives us the chance to present to the largest group of fellows since we began marketing the Lap-Band, clinically proven to be the safest bariatric procedure on the market," stated Bart Bandy, Chief Executive Officer and President of ReShape Lifesciences. "Additionally, our ability to exhibit the Lap-Band(R) Program and further discuss its benefits with hundreds of industry surgeons and allied health professional attendees is a significant opportunity to expand awareness among key providers of bariatric surgeries. We are especially grateful to Dr. Pesta, a well-known and highly respected professional in the field, who can attest to the safety and long-lasting advantages of the Lap-Band Program as experienced by his own patients."
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ALGM | Hot Stocks08:51 EST Allegro MicroSystems announces A19360 wheel speed, distance sensor - Allegro MicroSystems announced its new A19360 wheel speed and distance sensor for use in emerging applications in advanced driver assistance systems. The cutting-edge giant magnetoresistance sensor provides automakers with the signal resolution and reliability required for advanced levels of automation in passenger vehicles and mobility-as-a-service applications.
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SFET | Hot Stocks08:50 EST Safe-T, TerraZone collaborate to advance ZoneZero - Safe-T announced that it has entered an agreement with TerraZone for ZoneZero, Safe-T's Zero Trust Network Access, ZTNA, product technology. Under terms of the agreement, TerraZone will co-locate staff in Safe-T's headquarters and will be responsible for all sales, marketing, product development and support of ZoneZero. TerraZone will also be responsible for maintaining and expanding all global customer and partner programs. As a result of this agreement, Safe-T expects to reduce operating expenses at its Enterprise Cybersecurity business unit starting by the end of the first quarter of 2022. Safe-T will maintain all rights and IP for its technology and products. "We are excited by the sizable potential we see for ZoneZero as the enterprise security market moves to embrace the many benefits of ZTNA. In the short time since ZoneZero was introduced, it has quickly gained recognition by many of the industry's leading analysts including Gartner, Forrester, Frost & Sullivan, and Quadrant, and established a global network of channel partners such as Fujitsu and DataGroup. It is our intent to fully leverage the impressive foundation that Safe-T has created for ZoneZero, working with team to drive deeper into the enterprise security market," commented, Ofir Zvik, Chief Technology Officer of TerraZone.
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CLS | Hot Stocks08:50 EST Celestica's U.S. facility certified to ISO 13485 for medical device manufacture - Celestica announced its AbelConn Electronics facility in Maple Grove, MN, has earned ISO 13485:2016 certification for medical device production. The certification expands Celestica's global expertise in design and manufacturing to drive market-leading quality and regulatory compliance for our global healthcare customers.
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ATVI | Hot Stocks08:50 EST Activision Blizzard trading resumes
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BRFH | Hot Stocks08:49 EST Barfresh Food Group announces uplisting to Nasdaq Capital Market - Barfresh Food Group announced that its shares of common stock have been approved for listing on The Nasdaq Capital Market. Trading on Nasdaq is expected to commence on January 20, 2022 under the symbol "BRFH".
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WETF | Hot Stocks08:48 EST WisdomTree announces AI Enhanced Value Funds - WisdomTree announced that WisdomTree's U.S. Dividend ex-Financials Fund and International Dividend ex-Financials Fund have been restructured into WisdomTree's U.S. AI Enhanced Value Fund and International AI Enhanced Value Fund. Both Funds are available on the NYSE with expense ratios of 0.38% and 0.58%, respectively. The WisdomTree AI Enhanced Value Funds utilize the Equity Machine Intelligence proprietary model of Voya Investment Management, each Fund's sub-adviser. The EMI model applies data science and artificial intelligence to fundamental value investing within a dynamic investment process.
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DTSS | Hot Stocks08:47 EST Datasea announces research partnerships to focus on acoustic intelligence - Datasea announced that it has entered into partnerships with Chinese leading research institutes to "unlock the full potential of acoustic intelligence in the commercial applications," the company said. The Company released China's inaugural white paper with co-authors, Institute of Cloud Computing and Big Data, China Academy of Information and Communications Technology to uncover detailed facts and compelling analyses of the acoustic-intelligence technology, commercial applications, and the industry outlook. Datasea has entered into partnerships with leading institutions in China with the aim of 1) promoting the formulation of acoustic intelligence technology standards and expanding the leadership in the industry; 2) building an ecosystem to expedite research and development of new products; and 3) enhancing research capability and talent retention for the Company in the long run. Datasea's research partners include Acoustics Research and Communication Laboratory of the Chinese Academy of Sciences, the Cloud Computing and Big Data Institute of the China Academy of Information and Communications Technology, and Beijing Union University. In the white paper entitled "Industry Development and Technology Application of Acoustic Intelligence in China," Datasea dives into the current and future use cases of acoustic intelligence in China and outlines the introduction of acoustic intelligence, technology development, commercial applications and industry outlook to provide technical insights and guide industry development. To date, Datasea has completed the technology development, product design, supply chain management and marketing plans for a series of acoustic hardware products in six major industries and application areas, including but not limited to healthcare, medical beauty, environmental protection and agriculture. The three flagship products, including Tianer voice recognition alarm, ultrasonic sound sterilization and antivirus equipment, and brain refreshing acoustic equipment are expected to be introduced to the market in fiscal year of 2022.
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RCI | Hot Stocks08:47 EST Rogers to invest $200M to bring 100% pure fibre to New Brunswick - Rogers Communications announced that it will invest close to $200M to bring 100% pure fibre to up to 314,000 homes and businesses in New Brunswick starting in the communities of Dieppe, Moncton, Riverview and Shediac. Through these network upgrades, New Brunswickers will have access to pure fibre directly to their homes and businesses to access Rogers leading-edge suite of services.
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RFL | Hot Stocks08:45 EST Rafael announces enrollment, additional sites for Phase 2 trial of CPI-613 - Rafael Pharmaceuticals announced the ongoing successful enrollment rate of its Phase 2 clinical trial for CPI-613 in combination with gemcitabine and cisplatin in patients with biliary tract cancer. The multicenter trial is for patients with locally advanced unresectable or metastatic biliary tract cancer who have had no prior treatment. "We are pleased that our Phase 2 trial has continued to see a positive enrollment rate, demonstrating devimistat's ability to serve as a catalyst for hope and potential relief to families affected by this harrowing condition," said Sanjeev Luther, President and CEO of Rafael Pharmaceuticals. "We are happy to report a continuation of safety within the trial, as the wellbeing of our patients is our top priority."
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LVTX | Hot Stocks08:43 EST Lava Therapeutics presents preclinical data on Gammabody platform - LAVA Therapeutics announced it will present preclinical data on its Gammabody platform and data on its lead solid tumor Gammabody LAVA-1207. The presentation will also include new non-human primate data with a fully cross-reactive gamma delta bsTCE utilizing a surrogate Fc-containing Gammabody format to assess the safety of its most advanced solid tumor programs, LAVA-1207 and LAVA-1223. In preclinical experiments, LAVA-1207 has shown the ability to activate Vgamma9Vdelta2 T cells to exert cytotoxicity toward PSMA-expressing tumor cells at picomolar concentrations. Using prostate cancer patient samples, LAVA-1207 activated autologous Vgamma9Vdelta2 T cells and triggered lysis of tumor cells, while sparing normal prostate tissue. A first-in-human Phase 1/2a open-label trial to evaluate the safety, tolerability, pharmacokinetics, pharmacodynamics, immunogenicity and antitumor activity of LAVA-1207 in patients with therapy refractory metastatic castration-resistant prostate cancer is currently recruiting. In addition, data from the non-human primate study showed an EGFR-targeted surrogate Gammabody to be safe and well-tolerated in non-human primates. The EGFR Gammabody was administered at doses up to 23 mg/kg leading to high sustained plasma levels and dose-dependent accumulation in relevant tissues with no safety-related effects and no signs of cytokine release syndrome. In the non-human primate study, animals were administered weekly intravenous doses. At all doses, the EGFR gamma delta bsTCE only induced minimal levels of cytokines such as IL-2, IL-6 and IFN-gamma and there were no signs of CRS. No changes in general health parameters, clinical chemistry, hematology or histopathology were observed.
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SPWH | Hot Stocks08:43 EST Sportsman's Warehouse reports $299.6M sales for eight week period ended Dec. 25 - Sportsman's Warehouse Holdings announced financial highlights for the eight weeks ended December 25, 2021. "I am extremely proud of our team and the execution of our business through the holiday season of 2021." said Jon Barker, Sportsman's Warehouse CEO. "Overall our business showed tremendous strength across all categories despite a difficult comparison in firearms and ammunition. As we put the terminated merger process with Great Outdoors Group, LLC behind us, we are excited about the future and growth potential of the Company." For the eight weeks ended December 25, 2021: Net sales were $299.6 million, which was flat versus the comparable eight weeks of fiscal year 2020. Compared to the same eight-week period of fiscal year 2019, net sales increased 59.3% from $188.1 million. Same store sales decreased 6.1% during the eight weeks of fiscal year 2021 compared to the eight weeks of fiscal year 2020. Excluding firearms and ammunition same store sales increased 2.8% compared to the same eight-week period of fiscal year 2020. Compared to the same eight weeks of fiscal year 2019, same store sales increased 38.7%. Same store sales in the Footwear, Optics/Electronics/Accessories, and Clothing categories increased 15.7%, 6.7%, and 4.4%, respectively, compared to the eight weeks of fiscal year 2020. Ecommerce sales increased 2.5% compared to the same eight-week period of fiscal year 2020. Compared to the same eight-week period of fiscal year 2019, ecommerce sales increased approximately 200%. The Company opened three new stores, which were located in Chandler, AZ; Elk Grove, CA; and Greenwood, IN. The Company received $55 million from the termination of its merger agreement with Great Outdoors Group, LLC and recorded a one-time gain. Balance sheet highlights as of December 25, 2021: Cash on hand of $57.4 million, no long-term debt and $39.9 million outstanding under our revolving credit facility. Total liquidity of $216.1 million, which is comprised of our $57.4 million cash on hand plus $158.7 million available borrowing capacity under our revolving credit facility
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ROOT | Hot Stocks08:41 EST Root provides update on BlackRock debt financing - Root has agreed in principle to terms of a new term loan facility with BlackRock Financial Management, Inc., on behalf of funds and accounts under its management, and its affiliates, pending final approval by all parties and execution of definitive documents. The planned five-year $300 million term loan facility would carry an interest rate of term SOFR + 9%. The parties anticipate closing and funding the facility on or before January 31, 2022.
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WTRH | Hot Stocks08:41 EST Waitr Holdings announces Timothy Newton as Chief Technology Officer - Waitr Holdings announced that Timothy Newton has been named Chief Technology Officer. Mr. Newton brings more than two decades of information technology experience to the position, including stints at Papa John's International and Fat Tuesday. Most recently, Mr. Newton was chief technology officer at Fat Tuesday & New Orleans Original Daiquiris where he was responsible for strategic direction and execution of the company's technology modernization efforts and standards. He also spearheaded the evaluation, selection and implementation of a new point-of-sale solution across 40 corporate locations, providing needed visibility to key store operational metrics.
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CXBMF | Hot Stocks08:41 EST Calibre Mining announces drill results from Stage Gold Rock Project - Calibre Mining is pleased to report previously unreleased results from the remaining nine core holes completed during previous exploration programs at the newly acquired, 100% owned Gold Rock project in Nevada, USA. These holes were part of a larger reverse circulation and core program, but assays have only recently become available due to COVID-19-related delays in processing and assays. Highlights from the nine HQ exploration drill holes include: South Pit Zone: 2.61 g/t gold over 37.0 m, and 0.95 g/t gold over 23.5 m in hole GC20-020; North Pit Zone: 1.22 g/t gold over 8.8 m in hole GC20-016; Northern End - North Pit Zone: 0.88 g/t gold over 19.5 m; 0.35 g/t gold over 19.6 m; 0.78 g/t gold over 13.4 m; and 0.80 g/t gold over 25.6 m in hole GC20-015; Southern End - North Pit Zone: 0.64 g/t gold over 18.3 m in hole GC20-018; 2022 Drilling: five drill rigs are currently operating between Gold Rock and the adjacent Pan mine; Calibre sees the opportunity to materially expand and accelerate the exploration and resource expansion programs in Nevada. Darren Hall, President and CEO of Calibre, stated: "It is exciting to see continued high-grade intercepts from Gold Rock, in particular those which occur outside the previously reported Preliminary Economic Assessment pit limits. Since the PEA, which was completed in 2020, numerous holes, within and surrounding, the North and South mineral resource pits have intercepted higher grades than the current mineral resource average grade of 0.70 g/t gold. We see significant resource expansion opportunities at Gold Rock and will continue to advance technical studies and drilling along the prospective 16.5 kilometre mineralized trend. Gold Rock presents an exceptional near-term opportunity to grow production in Nevada, leveraging off management and infrastructure at our Pan mine located approximately 20 kilometres northwest of Gold Rock. We have commenced preparing 2022 budgets for Nevada and see an opportunity to materially expand and accelerate the exploration programs given the opportunity for resource expansion and continued discovery potential. Currently we have five rigs operating between Gold Rock and the adjacent Pan mine."
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MBII | Hot Stocks08:40 EST Marrone Bio issues shareholder letter - Marrone Bio Innovations released an update letter to shareholders from Chief Executive Officer Kevin Helash announcing preliminary financial results for the fourth quarter and fiscal year ended December 31, 2021. "Dear Shareholders... I am pleased to report that fourth quarter 2021 revenues are estimated to reflect growth in the mid-30% range, as compared with fourth quarter 2020 revenues. For the second half of 2021, revenues are estimated to have increased 20+% when compared with revenues in the second half of 2020. On a full year basis, we estimate revenue growth in the low double-digit to mid-teens range for 2021 as compared with 2020, in line with our forecast... We were encouraged by orders placed in the latter part of the quarter, an important indicator of our customers' plans for the first half of 2022. Our seed treatment solutions were in high demand, especially in Europe for Takla - our newly launched bio-nutritional product - and in the United States for BIOSt Bionematicide - a seed treatment for soybeans and corn... As announced previously, we have submitted MBI-306 - our second-generation bioinsecticide/bionematicide - for regulatory approval in the United States. We anticipate this product will deliver peak potential revenue of approximately $100 million per year, with a product launch targeted for 2023/2024... We also recently announced our acquisition of exclusive rights to high-performing strains of a microorganism with a novel mode of action that we believe will accelerate the advancement of our bioherbicide, MBI-006... We remain confident that, going forward, MBI is well positioned to outpace our peers in the ag biological industry."
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ADTX | Hot Stocks08:40 EST Aditx Therapeutics submits two EUA applications to for AditxtScore for COVID-19 - Aditxt has submitted two EUA applications for AditxtScore for COVID-19. This lab-developed blood test provides a more comprehensive profile of the body's immune response to COVID-19.
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OSIS | Hot Stocks08:39 EST OSI Systems gets $5M order from 'leading' X-ray imaging OEM - OSI Systems announced that its Optoelectronics and Manufacturing division has received an order for approximately $5M to provide electronic components to a "leading" X-ray imaging original equipment manufacturer . OSI Systems' Chairman and Chief Executive Officer, Deepak Chopra, stated, "We are excited to receive this order and look forward to supporting this customer's growing demand with its medical and industrial markets."
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HTLZF | Hot Stocks08:39 EST Hamilton Thorne appoints Karen Firestone to board of directors - Hamilton Thorne announced that it has appointed Karen Firestone to the Board as an independent director, effective January 18, 2022. Ms. Firestone is co-founder, CEO and Chair of Aureus Asset Management, a Boston, Massachusetts-based registered investment advisor.
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NSPR | Hot Stocks08:38 EST InspireMD announces live case broadcast at ISET 2022 - InspireMD announced that a live case demonstration featuring CGuard EPS will be broadcasted at the International Symposium on Endovascular Therapy 2022 Conference by Dr. Chris Metzger, Chair of Clinical Research at Ballad Health on Tuesday, January 18, 2022. "We are extremely grateful to have been selected and approved for a Live Case Presentation at this year's ISET Conference demonstrating the advantages of CGuard," said Marvin Slosman, Chief Executive Officer of InspireMD. "The global recognition of the CGuard stent system continues to demonstrate clinical evidence and data supporting CGuard's safety and efficacy and we are pleased to have been selected for a live case as an advanced device for treatment of CAD at this important conference."
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MEEC | Hot Stocks08:38 EST Midwest Energy Emissions secures new supply business - Midwest Energy Emissions announced that it has secured new supply business with one of the largest coal-powered utilities in the U.S. This major new utility supply customer entered into a license agreement with the Company in 2021 and has now agreed to a direct one-year supply order with ME2C Environmental to purchase its custom sorbents valued at approximately $2M for 2022. The supply order, which is for one of the utility's power plants in the Southwest, includes the sale and installation of the Company's patented engineering system, proprietary sorbent-feed equipment used with new customers. ME2C will supply this coal-fired utility customer with its SEA, or Sorbent Enhancement Additive, system to help the utility meet mercury emissions capture and compliance requirements. "This significant utility was issued a license to operate our patented process in early 2021," stated Richard MacPherson, Chief Executive Officer of ME2C Environmental. "Working directly with us as a supplier, the utility will gain further benefits from our expertise in mercury capture, including plant optimizations and efficiencies. While the earlier license agreement with this utility validated our patent position, we believe this acceptance of this significant supply order is a strong testament to our competitive market position... We are excited to have gained a new supply partner as we enter into a strong 2022 with a new significant recurring revenue stream that will strengthen our bottom-line."
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ASLN | Hot Stocks08:37 EST Aslan Pharmaceuticals to host new episode in A4 KOL Series - ASLAN Pharmaceuticals announced that it will host the second episode in its series of Key Opinion Leader events on the emerging Atopic Dermatitis landscape and ASLAN004, on Thursday, January 20, 2022, at 12:00pm ET. Dr April Armstrong, MD MPH, will be the second KOL to speak at ASLAN's A4 webinar series: Aspects of Atopic Dermatitis and ASLAN004. The webinar will feature a presentation by Dr Armstrong that explores the key clinical study parameters likely to impact patient responses and clinical trial outcomes in AD. Dr Armstrong has conducted over 150 clinical trials and has significant expertise in inflammatory skin diseases, with a specialty in AD. Following Dr Armstrong's presentation, Karen Veverka, PhD, Vice President Medical at ASLAN, will briefly review the Phase 2b study design for ASLAN004, a potential first-in-class antibody targeting the IL-13 receptor alpha1 subunit, one of the components of the Type 2 receptor. By blocking the Type 2 receptor, ASLAN004 prevents signaling through both interleukin 4 (IL-4) and interleukin 13, the key drivers of inflammation in AD. The unique mechanism of action has the potential to deliver a differentiated safety and efficacy profile as well as an improved dosing regimen.
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ALTO | Hot Stocks08:36 EST Alto Ingredients acquires Eagle Alcohol Company for $14M - Alto Ingredients has acquired Eagle Alcohol Company.. The acquisition is expected be immediately accretive and grow Adjusted EBITDA by $7M to $9M annually in 2023 and beyond, including expected synergies. Eagle specializes in break bulk distribution of specialty alcohols. The company purchases bulk alcohol from suppliers. Then it stores, denatures, packages, and resells alcohol products in smaller sizes, including tank trucks, totes, and drums, that garner a premium to bulk alcohols. "We have been aggressively diversifying our business to focus on specialty alcohols and essential ingredients. By acquiring an established leader in premium alcohol distribution, we expand our scope of offerings, customer base, and commercial opportunities as well as significantly accelerate our penetration of new high-margin markets," said Michael Kandris, Alto Ingredients' president and CEO. Alto Ingredients acquired Eagle Alcohol Company LLC on January 14, 2022, for $14M plus an estimated net working capital adjustment of $1.3M, funded from Alto's cash on hand. The shareholders of Eagle are eligible to receive up to an additional $14.0M of consideration payable in a combination of cash and Alto Ingredients' common stock subject to the shareholders' being employed by Alto and Eagle achieving certain financial targets over the five-year period from closing.
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IMPL | Hot Stocks08:36 EST Impel NeuroPharma provides update on Trudhesa launch, INP105 CALM 201 study - Impel NeuroPharma provided updates on Trudhesa nasal spray launch progress and recent business highlights. Since the October 2021 commercial launch, the performance of Trudhesa has exceeded our expectations with over 4,200 prescriptions generated, surpassing the Company's Q4 guidance of 3,000-4,000 prescriptions. To-date Trudhesa accounts for approximately three percent of new branded acute migraine prescriptions among Impel's 2,000 Super Target prescribers. Notably, Super Targets initiate approximately 60,000 branded acute NBRx, representing 34 percent of the total branded acute NBRx market. In addition, during this first quarter of launch, the Company has secured contracts with several leading pharmacy benefit managers in the U.S. which cover approximately 80 percent of U.S. commercial lives. Impel is the first company to harness the benefits of delivery to the upper nasal space to improve the therapeutic potential of CNS therapies. Using Impel's proprietary POD technology, Trudhesa delivers dihydroergotamine mesylate-a proven, well-established therapeutic for acute migraine for adults-quickly to the bloodstream through the vascular-rich upper nasal space. Trudhesa bypasses the gut and reduces potential absorption issues, offering rapid, sustained, and consistent symptom relief without injection or infusion, even when administered hours after the onset of a migraine attack. INP105 CALM 201 Study Update: Impel continues to advance its combination product candidate, INP105, an intranasal olanzapine product being developed as an acute treatment for agitation in persons with autism spectrum disorder via Impel's POD technology. Since filing the investigational new drug application in November of last year, the Company has been working with the U.S. Food and Drug Administration to finalize the Phase 2a proof-of-concept clinical protocol and anticipates the study will start in Q1 2022 with a data readout anticipated in Q4 2022. The "CALM 201" Trial is a Phase 2a, proof-of concept, 2-way, 2-period crossover, double-blind study to evaluate the safety and efficacy of INP105 as an acute treatment versus placebo in people with ASD experiencing agitation. This study will evaluate the safety and tolerability of a single dose of INP105 to that of placebo in adolescents with a diagnosis of ASD. The secondary objective is to explore the effect of treatment with a single dose of INP105 versus placebo in people with ASD experiencing agitation. It was hypothesized that INP105 could be a useful treatment for acute agitation episodes in the ASD population. Acute agitation often manifests in patients with serious underlying mental health conditions such as bipolar I disorder or schizophrenia. Between 1.7 million and 7 million episodes of acute agitation have been reported to occur in U.S. hospitals and emergency room settings each year.1 An ideal medication for acute agitation, according to a 2005 expert consensus is easy-to-administer, non-traumatically administered, provides rapid tranquilization without excessive sedation, has a swift onset of action with sufficient duration to prevent untimely recurrence and has low risk for adverse events and drug interactions.
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MSCI | Hot Stocks08:35 EST MSCI enters alliance with Menai Financial Group - MSCI announced its collaboration with Menai Financial Group, a provider of institutional-grade digital asset investment products and trading services. This strategic alliance marks one of MSCI's first collaborations in the digital asset space. MSCI will aim to develop tools for institutional investors seeking to capitalize on the growth of blockchain technology and digital assets.
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ATVI... | Hot Stocks08:35 EST Microsoft to acquire Activision Blizzard for $95.00 per share in cash - Microsoft (MSFT) announced plans to acquire Activision Blizzard (ATVI), which it calls "a leader in game development and interactive entertainment content publisher," stating that this acquisition will "accelerate the growth in Microsoft's gaming business across mobile, PC, console and cloud and will provide building blocks for the metaverse." Microsoft will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7B, inclusive of Activision Blizzard's net cash. "When the transaction closes, Microsoft will become the world's third-largest gaming company by revenue, behind Tencent and Sony. The planned acquisition includes iconic franchises from the Activision, Blizzard and King studios like 'Warcraft,' 'Diablo,' 'Overwatch,' 'Call of Duty' and 'Candy Crush,' in addition to global eSports activities through Major League Gaming. The company has studios around the word with nearly 10,000 employees," Microsoft said. Bobby Kotick will continue to serve as CEO of Activision Blizzard, and he and his team will maintain their focus on driving efforts to further strengthen the company's culture and accelerate business growth. Once the deal closes, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming. "Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms. We're investing deeply in world-class content, community and the cloud to usher in a new era of gaming that puts players and creators first and makes gaming safe, inclusive and accessible to all," said Satya Nadella, chairman and CEO, Microsoft.
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VLN SRI | Hot Stocks08:34 EST Valens Semiconductor and Stoneridge partner for truck connectivity solution - Valens Semiconductor (VLN) and Stoneridge (SRI) announced their partnership to introduce a connectivity solution related to vision and safety systems in tractor trailers to address safety-critical issues in the trucking industry. Since 2020, Valens and Stoneridge have been working on the development of a long-reach connectivity solution to enable the delivery of high quality, zero-latency, error-free video.
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DNAY | Hot Stocks08:34 EST Codex DNA showcases potential of SOLA EDS approach - Codex DNA announced that its R&D team has used the company's proprietary short oligo ligation assembly, SOLA, enzymatic DNA synthesis, EDS, technology to successfully construct the hemagglutinin and neuraminidase genes from the influenza A virus genome. SOLA EDS technology will be integrated into Codex DNA's upcoming BioXp Oligo Printer and BioXp Digital-to-Biological Converter systems, providing customers with an end-to-end solution for their life science research and synthetic biology needs. "We believe enzymatic DNA synthesis advances will ultimately propel the field of synthetic biology forward by enabling decentralized and automated DNA, mRNA, and protein writing solutions for multiple workflows, including the discovery and manufacturing of biologics and vaccines," said Todd R. Nelson, PhD, CEO of Codex DNA. "By incorporating SOLA EDS into future benchtop instruments, we will allow our customers to print DNA, RNA, and proteins just like a desktop printer prints documents." Because SOLA combines purified and sequence-verified DNA blocks to synthesize oligos, it has the potential to be faster, more accurate, and higher-throughput than existing EDS technologies. In addition, these DNA building blocks can be manufactured in large quantities and used extensively before replenishment, reducing the cost of DNA synthesis.
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GBOX | Hot Stocks08:32 EST GreenBox opens new bulk ACH channel surpassing $50M in monthly merchant volume - GreenBox POS announced it has launched a massive new payment vertical, offering bulk Automated Clearing House processing abilities to merchants. Utilizing its blockchain technology and smart contract technology, GBOX will be able to transfer funds electronically for ACH debit and ACH credit transactions/ According to Nacha, in 2020 the ACH Network processed 26.8 billion payments, marking the sixth consecutive year in which it added more than 1 billion new payments. Those include Direct Deposit via ACH of salaries, dividends and Social Security and other government benefits, and Direct Payment via ACH for bill payments including utilities and mortgages, as well as charitable giving, tuition, subscription services, and person-to-person and business-to-business payments. The total value of these payments exceeded $61.9 trillion. The low execution cost of ACH payments make them a truly advantageous payment alternative for merchants, offering significant cost savings to traditional credit cards and debit cards, which typically charge 3%-4% in processing fees. Since the new program's commencement, GreenBox clients have already committed to over $50,000,000 in monthly ACH processing and the number is climbing. Generally, the average ACH ticket is approximately $150.00, with margins ranging from 20-30 cents per transaction. What's more is that these new ACH processing abilities also allow the Company to capture the business of, and support clients in higher risk categories, earning an additional 20-30 basis points per transaction.
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VLON | Hot Stocks08:32 EST Vallon Pharmaceuticals presents new data from adult simulant abuse survey - Vallon Pharmaceuticals announced that new data from its recently-sponsored survey of stimulant abuse patterns in adults was presented at the APSARD 2022 Annual Conference, held virtually January 14-16, 2022. The poster titled, "Characteristics and Behaviors of Recreational Prescription Stimulant Users: Findings from an mTurk online survey," outlined additional results from a large survey, led by researchers at the University of Kentucky, of nearly 500 people who misuse or abuse prescription stimulants. David Baker, Chief Executive Officer of Vallon, commented, "With the misuse and abuse of prescription stimulants continuing to climb, the unmet need for abuse-deterrent formulations, and the potential of our platform technology, continues to grow. As we near the topline data readout for our lead program, ADAIR, we are pleased to report additional insights on the characteristics and behaviors of stimulant users, especially those who snort prescription stimulants. We look forward to reporting topline data from our pivotal SEAL study in the near term and, importantly, providing a potential solution to the help address the growing stimulant abuse problem."
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MSFT... | Hot Stocks08:32 EST Microsoft sees Activision deal as accretive to non-GAAP EPS upon close - Microsoft (MSFT) announced plans to acquire Activision Blizzard (ATVI), stating that this acquisition will "accelerate the growth in Microsoft's gaming business across mobile, PC, console and cloud and will provide building blocks for the metaverse." Microsoft will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7B, inclusive of Activision Blizzard's net cash. When the transaction closes, Microsoft will become the world's third-largest gaming company by revenue, behind Tencent (TCEH) and Sony (SONY), the company noted. "Mobile is the largest segment in gaming, with nearly 95% of all players globally enjoying games on mobile. Through great teams and great technology, Microsoft and Activision Blizzard will empower players to enjoy the most-immersive franchises, like 'Halo' and 'Warcraft,' virtually anywhere they want. And with games like 'Candy Crush,' Activision Blizzard's mobile business represents a significant presence and opportunity for Microsoft in this fast-growing segment. The acquisition also bolsters Microsoft's Game Pass portfolio with plans to launch Activision Blizzard games into Game Pass, which has reached a new milestone of over 25 million subscribers. With Activision Blizzard's nearly 400 million monthly active players in 190 countries and three billion-dollar franchises, this acquisition will make Game Pass one of the most compelling and diverse lineups of gaming content in the industry. Upon close, Microsoft will have 30 internal game development studios, along with additional publishing and esports production capabilities," Microsoft said. The transaction is subject to customary closing conditions and completion of regulatory review and Activision Blizzard's shareholder approval. The deal is expected to close in fiscal year 2023 and will be accretive to non-GAAP earnings per share upon close. The transaction has been approved by the boards of directors of both Microsoft and Activision Blizzard.
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PRCH | Hot Stocks08:31 EST Homeowners of America introduces services in Montana - Homeowners of America announced the launch of service in Montana.
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SPCB | Hot Stocks08:31 EST SuperCom launches $1M project in Central Coast California - SuperCom's fully-owned subsidiary, Leaders in Community Alternatives - LCA -, has launched a new project with a probation department in Central Coast California to provide rehabilitative services. This project supports those reentering the community from periods of incarceration by providing evidence-based and individualized services that contribute to a reduction in recidivism. This new project is valued at approximately $1M over a term of three years, or approximately $340K per year.
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ATVI... | Hot Stocks08:29 EST Microsoft acquire Activision Blizzard for $95.00 per share in cash - Microsoft (MSFT) announced plans to acquire Activision Blizzard (ATVI), which it calls "a leader in game development and interactive entertainment content publisher," stating that this acquisition will "accelerate the growth in Microsoft's gaming business across mobile, PC, console and cloud and will provide building blocks for the metaverse." Microsoft will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7B, inclusive of Activision Blizzard's net cash. "When the transaction closes, Microsoft will become the world's third-largest gaming company by revenue, behind Tencent and Sony. The planned acquisition includes iconic franchises from the Activision, Blizzard and King studios like 'Warcraft,' 'Diablo,' 'Overwatch,' 'Call of Duty' and 'Candy Crush,' in addition to global eSports activities through Major League Gaming. The company has studios around the word with nearly 10,000 employees," Microsoft said. Bobby Kotick will continue to serve as CEO of Activision Blizzard, and he and his team will maintain their focus on driving efforts to further strengthen the company's culture and accelerate business growth. Once the deal closes, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming. "Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms. We're investing deeply in world-class content, community and the cloud to usher in a new era of gaming that puts players and creators first and makes gaming safe, inclusive and accessible to all," said Satya Nadella, chairman and CEO, Microsoft.
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ERAS | Hot Stocks08:28 EST Erasca appoints Tesvich-Bonora as CPO, promotes Shoemaker to SVP of Research - Erasca announced the appointment of Lisa Tesvich-Bonora as Chief People Officer, CPO, and the promotion of Robert Shoemaker to Senior Vice President, SVP, of Research. Dr. Tesvich-Bonora brings more than 20 years of experience as a strategic leadership consultant. Prior to joining Erasca, she was founder and president of Inspire True Leadership. Dr. Shoemaker has served as Erasca's Vice President of Biology since helping launch the company in July 2018.
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XELA | Hot Stocks08:27 EST Exela Technologies expands relationship with large technology provider - Exela Technologies announced it has augmented an existing relationship with a large technology services provider for several Medicaid programs across the nation. The initial component of the expansion is valued in excess of $2.5M. This deployment builds on a 25-year partnership and leverages Exela's PCH Global platform. PCH Global deployment will connect providers, Medicaid agencies and members to help drive clean claims and significantly reduce the need for retrospective collections. "Exela continues to invest in increasing PCH Global's capabilities to provide a cloud hosted solution with one of the best edit resolutions for healthcare claims," the company said. This extension of deployment marks another milestone in the value proposition of the PCH Global platform to digitally connect members, providers and insurance companies to enable clean claims, payment transparency and digital appeals.
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SOLO | Hot Stocks08:26 EST ElectraMeccanica delivers 19 SOLO EVs during December - ElectraMeccanica Vehicles announced the Company has delivered 19 SOLO EVs during the month of December, and a total of 61 SOLO EVs to reservation and fleet holders for the 2021 year.
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EQRX | Hot Stocks08:25 EST EQRx announces two Lancet Oncology publications of Phase 3 results - EQRx announced that data from its partner CStone Pharmaceuticals' two pivotal Phase 3 studies of the anti-PD-L1 monoclonal antibody sugemalimab for the treatment of non-small cell lung cancer, NSCLC, GEMSTONE-301 and GEMSTONE-302, were published in The Lancet Oncology. The publications were accompanied by a comment article. Results from GEMSTONE-301 reported in The Lancet Oncology are as follows: Sugemalimab as consolidation therapy demonstrated a statistically significant and clinically meaningful improvement in PFS vs. placebo, as assessed by blinded independent central review at a prespecified interim analysis. Median PFS was 9.0 months vs. 5.8 months. Clinical benefit was observed in patients who received either concurrent or sequential chemoradiotherapy prior to treatment with sugemalimab compared to placebo. Overall survival data were immature at the time of the analysis, but an encouraging trend for a survival benefit with sugemalimab vs. placebo was observed, with follow-up of patients ongoing. Sugemalimab was generally well-tolerated, with no new safety signals observed. In the sugemalimab group, 9% of patients experienced grade 3 or 4 treatment-emergent adverse events related to study treatment. In the placebo group, 6% experienced grade 3 or 4 TEAEs related to study treatment. Results of the final PFS analysis from GEMSTONE-302, also reported in The Lancet Oncology, are as follows: Sugemalimab plus platinum-based chemotherapy significantly prolonged PFS compared with placebo plus platinum-based chemotherapy. OS data were immature at the time of the final PFS analysis, but preliminary median OS was 22.8 months in the sugemalimab plus chemotherapy arm compared to 17.7 months in the placebo plus chemotherapy arm. Clinical benefit was observed across all subgroups, regardless of PD-L1 expression level or pathologic subtype of NSCLC. Sugemalimab was generally well-tolerated, with no new safety signals observed. 53.8% of patients in the sugemalimab group and 56.0% in the placebo group experienced treatment-related grade 3 or 4 TEAEs, with the most common events for both groups being neutrophil count decrease, white blood cell count decrease, anemia, platelet count decrease and neutropenia.
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CELU | Hot Stocks08:25 EST Celularity receives Fast Track Designation for CYNK-101 - Celularity announced the U.S. Food and Drug Administration has granted Fast Track Designation for its genetically modified cryopreserved human placental hematopoietic stem cell-derived natural killer cell therapy, CYNK-101, which is being developed in combination with standard chemotherapy, trastuzumab and pembrolizumab in patients in first-line locally advanced unresectable or metastatic HER2/neu positive gastric or gastroesophageal junction adenocarcinoma. CYNK-101 is an investigational genetically modified NK cell therapy designed to synergize with approved antibody therapeutics through enhanced antibody-dependent cellular cytotoxicity.
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AMG | Hot Stocks08:22 EST Affiliated Managers, Leda Braga increase investment in Systematica - Affiliated Managers Group and Systematica Investments announced that AMG and Leda Braga, Founder and Chief Executive Officer of Systematica, have jointly acquired the remaining minority equity interest in Systematica previously owned by a third-party investor. Following the transaction, Braga holds an increased majority ownership position, and AMG holds a substantial minority interest in the firm. "We are very pleased to further enhance our partnership with Systematica, one of the leading independent technology-driven investment managers globally," said Jay Horgen, President and Chief Executive Officer of AMG. "Leda and the Systematica management team have been terrific partners over the years, and have built a renowned investment firm that has only extended its long-term track record of generating strong, differentiated returns for clients. Our increased investment reflects our confidence in Leda's leadership and in the firm's forward prospects." The terms of the transaction were not disclosed.
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DFS | Hot Stocks08:20 EST Discover and National Bank of Serbia sign strategic agreement - The National Bank of Serbia and Discover signed a strategic agreement that increases the global acceptance footprint for Discover Global Network cardholders within Serbia. The agreement gives Discover, Diners Club International, PULSE and Network Alliance cardholders the ability to use their cards on the DinaCard payment network, which includes Point-of-Sale ,POS, e-commerce platforms and ATMs across Serbia. This alliance enhances the National Bank of Serbia DinaCard's strategy to grow the number of payment options available in Serbia and provides more choices to consumers on how they want to pay. The agreement will provide Discover Global Network cardholders access to more than 111,000 POS terminals and more than 3,000 ATMs across Serbia.
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ENPH | Hot Stocks08:19 EST Enphase Energy expands battery storage in Illinois - Enphase Energy announced that Enphase installers in Illinois have seen increased deployments of Enphase Energy Systems, powered by IQ Microinverters and IQ Batteries, as Illinois continues its commitment to clean energy. Illinois recently approved the Climate and Equitable Jobs Act, which includes a commitment to 100% clean energy by 2050 and funding to support renewable energy and energy storage deployments. Enphase delivers a safer solar-plus-battery solution which does not expose installers or homeowners to high-voltage DC. The Enphase IQ Battery features Lithium Iron Phosphate battery chemistry, which provides a long cycle life and safer operation through excellent thermal stability. "We are encouraged by Illinois' commitment to accelerating the clean energy transition," said Dave Ranhoff, chief commercial officer at Enphase Energy. "As the state works to incentivize residential solar and energy storage deployments, Enphase is pleased to have partnered with such an outstanding group of world-class installers who are poised to meet this growing demand."
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CYN | Hot Stocks08:18 EST Cyngn and EV maker Columbia begin production of autonomous Columbia Stockchasers - Cyngn and Columbia Vehicle Group, an electric vehicle manufacturer serving industrial and commercial environments, announced that they have kicked-off production of autonomous Columbia Stockchasers powered by Cyngn's Enterprise Autonomy Suite, EAS. This growing autonomous vehicle fleet will enable Cyngn to make its self-driving solutions on Columbia vehicles available to more customers. The new fleet will be equipped with the latest technologies that coincide with integrating autonomous driving capabilities into industrial vehicles, such as lithium-ion batteries with upgraded chargers and electrified vehicle controls. Furthermore, Cyngn and Columbia are jointly developing intellectual property and making end-of-line adjustments to streamline the AV build process.
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KYMR ALNY | Hot Stocks08:18 EST Kymera Therapeutics appoints John Maraganore to board of directors - Kymera Therapeutics (KYMR) announced the appointment of John Maraganore, Ph.D. to its Board of Directors. Dr. Maraganore joins Kymera's Board after having led Alnylam Pharmaceuticals (ALNY) as founding CEO and Director.
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ATVI | Hot Stocks08:18 EST Activision Blizzard trading halted, news pending
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ECOR | Hot Stocks08:18 EST electroCore 'excited' about long-term prospects - The company said, "We continue to be excited about the long-term prospects of our Company and would like to share some of the reasons for our optimism. We are investing in marketing initiatives that we believe will make our gammaCore therapy available directly to consumers through multiple channels at a very compelling price. Among these channels are our newly launched e-commerce storefronts in the United Kingdom and the United States. Headache patients can now access gammaCore therapy simply by going to our web site and filling out a short questionnaire. The questionnaire is reviewed by a Health Care Professional who can write prescriptions for the therapy and moved into a shopping cart on our e-commerce storefront. After the gammaCore product is received by the patient, our customer experience team provides a variety of hands-on tools for patient training and support. Our team then stays in regular contact with the patient, providing further support during the course of the therapy and reminders about refill opportunities. In parallel with our online stores, we have launched our gConcierge and gCDirect programs for a growing number of physician prescribers in the US. These new programs allow physicians to offer their patients the opportunity to purchase gammaCore therapy directly through their offices or directly from us. We have broadened our call points from the traditional neurology headache specialists to include a wider range of medical providers who manage patients' headache conditions, including those in primary care, women's health, pain management, functional and integrative medicine, as well as chiropractors and Doctor of Pharmacy. In total, we have had approximately 200 prescribers write scripts through the gConcierge and gCDirect programs, all of whom have patients that can be supported by our in-house customer experience team. With the early growth and promise of success among these newly established, streamlined consumer access initiatives, we are planning to aggressively ramp up our spending on Direct-to-Consumer advertising and other promotional activities. Our goal is to drive consumer awareness and funnel that interest to our e-commerce stores and provider partners. In our legacy business channels, we have continued to grow our Department of Veterans Affairs and Department of Defense business in the United States, our National Health Service business in the United Kingdom, and our distributor relationships around the world. We plan to continue to invest in growth from these channels as we move through 2022, strengthened by our Direct-to-Consumer initiatives and advertising spend. While we continue to work towards expanding commercial insurance coverage for gammaCore in the United States, we recognize the barrier high deductible plans represent for many Americans and anticipate they will benefit significantly from our newly launched cash pay programs, even when coverage is available. Looking beyond primary headache, we anticipate reporting on our multiple clinical programs over the course of 2022. Ongoing trials continue to be conducted with our gammaCore therapy in secondary headache, traumatic brain injury, post traumatic stress disorder, stroke, opioid use disorder, Parkinson's, postoperative ileus, and other potential indications. We anticipate many of these programs will generate results that can support expanded labels and additional uses for gammaCore nVNS therapy, and support potentially expanded total addressable markets for our therapy. We believe nVNS therapy will be highly differentiated in conditions like concussion, PTSD, stroke, and opioid use disorder where there are few effective therapies currently. Finally, as we expand our commercial initiatives, we are also looking beyond organic growth opportunities and exploring ways to accelerate our growth through acquisitions that enhance and leverage the distribution channels we are developing. We have also continued to expand our intellectual property portfolio, especially in digital health and smartphone-integrated and smartphone-connected non-invasive therapy, which may provide us with opportunities to leverage our patents. We believe our intellectual property will be the foundation of next generation neuromodulation devices in the market, including our own nVNS devices. We look forward to enabling health care providers in their use of Remote Patient Monitoring and Remote Therapeutic Monitoring, which have been identified as critical areas for practice revenue growth in the future."
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PTE | Hot Stocks08:17 EST PolarityTE: FDA approves IND for Phase 3 study of SkinTE - PolarityTE announced that the U.S. FDA has approved its investigational new drug application for the evaluation of SkinTE for the treatment of chronic cutaneous ulcers. This follows the company satisfactorily addressing clinical hold items that the FDA had previously identified. The approval enables PolarityTE to commence the first of two expected pivotal studies needed to support a biologics license application seeking a chronic cutaneous ulcer indication for SkinTE.
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VBLT BLUE | Hot Stocks08:16 EST VBL Therapeutics appoints Matthew Trudeau as CCO - VBL Therapeutics (VBLT) announced the appointment of Matthew Trudeau to the newly created position of Chief Commercial Officer, CCO. Trudeau will be responsible for all commercialization activity for ofranergene obadenovec. His appointment further advances VBL's strategic plan to become a commercial organization and establish operations in the United States. Matthew Trudeau brings over 25 years of U.S. and international experience. From 2016 to 2021, he held positions of increasing responsibility at bluebird bio (BLUE), culminating in his appointment as Head of the U.S. business team.
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ZIM | Hot Stocks08:15 EST ZIM Integrated announces new chartering agreement for LNG vessels - ZIM Integrated announced a new eight-year charter agreement with a shipping company that is affiliated with Kenon Holdings according to which ZIM will charter three 7,000 TEU liquefied natural gas dual-fuel container vessels, to serve across ZIM's various global-niche trades for total consideration of approximately $400M. The vessels will be constructed at Korean-based shipyard, Hyundai Samho Heavy Industries and are scheduled to be delivered during the Q1 and Q2 2024.
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DOX | Hot Stocks08:15 EST Amdocs joins consortium to advance open RAN deployment - Amdocs announced that it is part of a consortium that has secured UK Government funding in an initiative designed to accelerate Open RAN deployment in the UK and globally. The "Accelerating RAN Intelligence in 5G," ARI-5G, consortium is one of several winning bids to receive funding from the UK's Department for Digital, Culture, Media and Sport, DCMS, through its Future RAN, FRANC, competition. Led by the Telecom Infra Project, ARI-5G will validate use cases for open and disaggregated solutions with innovations in 5G power consumption, energy efficiency, and spectrum management - accelerating successful and scalable commercialization over an initial 18-month period. The consortium will implement, test and demonstrate a standards-based RAN Intelligent Controller platform with specific applications. The project will result in proven RAN automation use cases that can be deployed in both third party and open-source RICs, providing real-world validation in a 5G SA network.
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JETMF | Hot Stocks08:15 EST Global Crossing Airlines appoints Roberto Held as strategic advisor - Global Crossing Airlines Group announces the engagement of Mr. Roberto Held as a strategic advisor with the responsibility for leading several initiatives in the Andean Region, specifically the launching of Cargo Operations. Held has more than six years of airline industry experience, including CFO at Avianca, where he was responsible for the Airline's strategy, finance, and turnaround plan. In recent years, Mr. Held has supported the Civil Aviation Authority in Colombia, advised banks and investors around the impact of the pandemic in the aviation industry, and developed new business opportunities in the Americas with other aviation sector clients. At GlobalX, Held will be responsible for initiating new cargo contracts for the GlobalX fleet of A321 freighters by working with airlines, freight forwarders, and logistics companies. Additionally, he will be working with GlobalX senior management and the board of directors to create new A320 charter airlines in Ecuador and Colombia, and develop alliances with key industry partners.
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IMAB | Hot Stocks08:14 EST I-MAB says first patient dosed in China Phase 2 lemzoparlimab/toripalimab trial - I-Mab announced that the first patient has been dosed in its China phase 2 trial of lemzoparlimab in combination with the PD-1 antibody toripalimab in patients with advanced solid tumors. The phase 2 study is designed as a basket trial and could potentially lead to a registrational trial in China.
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SMDM | Hot Stocks08:14 EST Singing Machine ships $50M in gross sales in 2021 - The Singing Machine Company provided a summary of its critical holiday results. For the calendar year ended December 31, 2021, the Company shipped approximately $50M in gross sales across all retail channels, representing approximately a $2M increase when compared to the same 12-month period in 2020. Highlights: Successfully navigated supply-chain obstacles to ship majority of holiday programs. Exceeded forecast to ship approximately $50 million in gross sales through the 9-month period ended December 31, 2021. Over 98% sell-thru rate on a Black Friday campaign with the nation's largest retailer. Over 95% sell-thru rate on holiday programs with Costco and Sam's Club. Over 90% sell-thru rate on the holiday commitment with Target. The company said, "The Company believes this was a highly successful achievement, as supply chain disruptions severely limited capacity for ocean cargo transportation and delayed the receipt of inventory as the port of Los Angeles and Long Beach faced historical backlogs. Despite the logistical challenges, the Company successfully managed to ship a majority of its holiday commitments to its retail partners. Demand for home karaoke entertainment remained strong with the Company's largest retail partners reporting strong sales numbers. As an example, the Walmart Annual Event experienced a 98% sell through rate while Costco and Sam's Club achieved approximately a 95% sell through. Lastly, Target sold through 90% of its holiday forecast. The Company continued to actively promote its higher-price point products, particularly with Costco and Sam's Club. The Company invested heavily into its new WiFi Streaming Karaoke product which offers subscription-based, app-driven digital content library. This program delivered favorable test results in 2020 and repeated its success again in 2021, with a 20% increase in year-over-year sales. Developing a scalable installed user base within this product category is a critical component of the Company's subscription based recurring revenue model."
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SPRC | Hot Stocks08:13 EST SciSparc secures two sites for Phase IIb Tourette Syndrome clinical trial - SciSparc has entered into an agreement with two clinical sites: Hannover Medical School in Hannover, Germany, and Tel-Aviv Sourasky Medical School, in Tel-Aviv, Israel, to further its Phase IIb clinical study for SCI-110, the company's proprietary drug candidate, for patients suffering from Tourette syndrome. The trial will be conducted at the two sites. The trial will be a randomized, double-blind, placebo-controlled, cross-over study to evaluate the efficacy, safety and tolerability of daily oral SCI-110 as compared to placebo, in treating adults age 18 to 65, with Tourette syndrome. Patients will be evaluated in a cross-over design, with each subject randomized to receive either SCI-110 or placebo via oral administration. Tourette syndrome is a neurological disorder characterized by involuntary movements and vocalizations called tics and is estimated to affect approximately 1% of the world's population.
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NMTR | Hot Stocks08:13 EST 9 Meters Biopharma appoints Bethany Sensenig as CFO - 9 Meters Biopharma announced the company has appointed Bethany Sensenig as CFO. Sensenig most recently comes to 9 Meters from Minovia Therapeutics, a clinical-stage biotech company, where she served as CFO and head of U.S. Operations.
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CRY AORT | Hot Stocks08:13 EST CryoLife renaming, rebranding itself to 'Artivion' - CryoLife (CRY) announced that it was renaming and rebranding itself to Artivion (AORT), effective immediately. Derived from the words "aorta", "innovation", and "vision", the company's new name and brand reflect its evolution to focus on providing innovative technologies to surgeons who treat patients with aortic disease. In conjunction with these changes, effective January 24, the company will also change its ticker symbol on the New York Stock Exchange to "AORT" from "CRY."
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BTRS | Hot Stocks08:12 EST Billtrust announces Aimie Killeen as Chief Legal Officer - Billtrust has announced that Aimie Killeen has joined the company as Chief Legal Officer. Reporting to Founder and CEO Flint Lane, Killeen will lead the company's legal, compliance and regulatory functions. An experienced General Counsel with a demonstrated history of working in complex global businesses in the financial services, information technology and services industries, Killeen joins Billtrust amid its global expansion in Europe having recently acquired Belgium-based iController, a leading B2B provider of intelligent solutions for collections management.
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ARQQ | Hot Stocks08:12 EST Arqit Quantum announces partnership with AUCloud - Arqit Quantum welcomes Sovereign Cloud Australia as the latest local service provider to join the Federated Quantum System for deployment in Australia in partnership with the Australian Government. AUCloud is an Infrastructure-as-a-Service provider selling high security sovereign cloud services to the Australian Government, Defence, Intelligence, and Critical National Industry communities. By addressing urgent threats to existing cybersecurity infrastructure and creating the foundations for critical future capabilities, Arqit's partnership with AUCloud will deliver an immediate capability to Australian customers in the Defence, Government, Critical National Infrastructure and Enterprise sectors, including Financial Services. The relationship will also provide further opportunities for Australian industrial participation in space, cyber and quantum technologies. Arqit Founder, Chairman and CEO, David Williams, added: "We are delighted to support the Australian, UK and US alliance for joint defence investment and innovation. The world needs stronger, simpler encryption, and it is important that allied countries work together to share the benefit of Arqit's globally unique, transformational quantum safe encryption. We look forward to deepening our partnership with Australian industry in this effort."
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UGRO | Hot Stocks08:11 EST Urban-Gro board approves $2M increase to existing stock repurchase program - urban-gro announced that its Board of Directors has authorized an increase of $2M to the Company's existing stock repurchase program. Under the new authorization, the Company may purchase up to $7M of shares of the Company's common stock from time to time in the open market or in privately negotiated transactions in compliance with the applicable rules and regulations of the Securities and Exchange Commission.
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OCUL | Hot Stocks08:10 EST Ocular Therapeutix announces first patient dosed in Dextenza trial in China - Ocular Therapeutix announced that AffaMed Therapeutics dosed its first patient in a real-world setting study being conducted in China evaluating the safety and efficacy of Dextenza for the treatment of ocular inflammation and pain post-cataract surgery. In 2020, Ocular entered into a licensing agreement with AffaMed Therapeutics for the development and commercialization of Dextenza in Greater China, South Korea, and the ASEAN markets. Dextenza is currently approved in the U.S. for the treatment of ocular inflammation and pain following ophthalmic surgery and for the treatment of ocular itching associated with allergic conjunctivitis. Under the terms of the agreement with AffaMed, Ocular Therapeutix has been paid an upfront payment of $12M and is eligible to receive development, regulatory and commercial milestone payments and clinical development support payments of up to an additional $91M in the aggregate, as well as royalties from future product sales. Royalties are tiered and will range from the low teens to low twenty percent range. In return, Ocular Therapeutix has agreed to grant AffaMed exclusive rights to develop and commercialize Dextenza for the treatment of post-surgical inflammation and pain following ophthalmic surgery and ocular itching in patients with allergic conjunctivitis, and OTX-TIC for the reduction of intraocular pressure in patients with primary open-angle glaucoma or ocular hypertension in Greater China, which includes mainland China, Hong Kong, Macau, and Taiwan; South Korea; and the ASEAN Countries. Ocular Therapeutix retains the right to develop and commercialize Dextenza and OTX-TIC in all other global markets.
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DATS | Hot Stocks08:10 EST DatChat initiates Web 3.0 platform development - DatChat announced it has initiated the development of a new platform that will leverage DatChat technology to share and protect NFTs, documents, audio and video files and messages. The platform development, which will also use DatChat technology as the foundation for a decentralized advertising network for Web 3.0 and Metaverse applications, will be led by Mark Mathis, Chief Blockchain Architect. Mr. Mathis will focus on leading the Company's Web 3.0 and Metaverse initiatives and growing the Web 3.0 development team. Additionally, DatChat expanded its development capabilities with the hiring of three Senior Developers encompassing iOS, Android, Blockchain, Messaging & Metaverse development experience.
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UNIT | Hot Stocks08:10 EST Uniti Group signs long-haul dark fiber agreement with internet provider - Uniti Group announced that it has signed a twenty-year contract with a large international internet provider, offering long-haul dark fiber connectivity to premier data centers in the Bay Area, Salt Lake City and Denver. This agreement provides scalable and secure transport over a 1,440 mile key route that connects the Bay Area to Denver. "This latest global customer contract proves Uniti is well-positioned to execute on our mission of providing the critical communications infrastructure needed to seamlessly connect the world. Our steady history of delivering secure and flexible long-haul transport options to our carrier and provider partners is further underscored by our ability to create customized solutions that support international business growth and success," said Thomas Vito, Vice President, Strategy & Business Development at Uniti. "Not only does this agreement support our nationwide fiber-rich network and collaborative approach as compelling differentiators, it also demonstrates our commitment to leveraging our fiber network to support increasing lease-up opportunities."
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DBD | Hot Stocks08:09 EST Diebold's self-service solutions adopted by the U.K.'s East of England Co-op - Diebold Nixdorf announced a major update to its ongoing partnership with East of England Co-operative Society, one of the larger consumer cooperatives in the U.K. with 122 stores. The retailer has deployed more than 180 DN Series EASY eXpress self-service solutions, powered by DN Vynamic Self-Service software, in over 80 stores across East Anglia. Since the rollout was completed, over 35% of transactions are being processed using self-service. Diebold Nixdorf had previously provided standard maintenance services to East of England's POS systems.
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XOM | Hot Stocks08:09 EST Exxon Mobil announces ambition for net zero greenhouse gas emissions by 2050 - ExxonMobil announced its ambition to achieve net zero greenhouse gas emissions for operated assets by 2050, backed by a comprehensive approach to develop detailed emission-reduction roadmaps for major facilities and assets. The net-zero aspiration applies to Scope 1 and Scope 2 greenhouse gas emissions and builds on ExxonMobil's 2030 emission-reduction plans, which include net-zero emissions for Permian Basin operations and ongoing investments in lower-emission solutions in which it has extensive experience, including carbon capture and storage, hydrogen and biofuels, the company said in a statement. "ExxonMobil is committed to playing a leading role in the energy transition, and Advancing Climate Solutions articulates our deliberate approach to helping society reach a lower-emissions future," said Darren Woods, chairman and CEO. "We are developing comprehensive roadmaps to reduce greenhouse gas emissions from our operated assets around the world, and where we are not the operator, we are working with our partners to achieve similar emission-reduction results." To help reach net zero for operated assets by 2050, the company has identified more than 150 potential steps and modifications that can be applied to assets in its upstream, downstream and chemical operations. Initial actions already underway prioritize energy efficiency measures, methane mitigation, equipment upgrades and the elimination of venting and routine flaring. Further high-impact reduction opportunities include power and steam co-generation and electrification of operations, using renewable or lower-emission power. The company expects to finalize detailed roadmaps that address approximately 90% of operations-related greenhouse gas emissions by the end of this year, and the remainder will be completed in 2023. Initial steps to achieve net zero by 2050 are included in the company's plans to invest more than $15B by 2027 on lower-emission initiatives.
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APM | Hot Stocks08:09 EST Aptorum gets 1st patent for SACT-1 repurposed drug for various cancer treatment - Aptorum Group Limited is pleased to announce that the US Patent and Trademark Office has granted the first patent regarding Aptorum's SACT-1 repurposed drug for the treatment of various cancers including but not limited to neuroblastoma. The SACT-1 invention provides a composition and method for treating or preventing the growth of cancerous tumors and/ or delaying the onset of cancer from tumor-initiating cells. The composition is administered alone or in combination with one or more chemotherapeutic agents, biological agents, and/or anticancer agents by various routes of administration and dosage forms. Mr Darren Lui, President and Executive Director of Aptorum Group says, "In addition to our previous announcement of the completion of our Phase 1 clinical trial of SACT-1 on January 10, 2022, we are pleased to have received the granted patent from the USPTO on our drug candidate. As IP protection is critically important for protecting our investment in developing repurposed drugs, the granted patent will further support our ongoing development effort of SACT-1 as a potentially effective treatment of neuroblastoma and other cancer types. We will be actively seeking further IP protection on our SACT-1 repurposed drug via patent applications in major jurisdictions and the embarking of the exciting Phase Ib/2a clinical trials for SACT-1, subject to IND clearance in 2022."
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CNEY | Hot Stocks08:09 EST CN Energy unit signs O&M agreement with HuaiNan JiaHe New Materials Co. - CN Energy Group announced that its subsidiary Hangzhou Forasen Technology Co., Ltd. signed an operation and management agreement with HuaiNan JiaHe New Materials Co., Ltd. and JiaHe's activated carbon subsidiary, NingGuo ZheWanZhenHua Activated Carbon Industry Co., LTD. Under the Agreement, the company will be fully responsible for the operation, production, sales and management of ZhenHua and receive a quarterly management fee. Founded in 1985, ZhenHua is focused on R&D and production, processing, marketing of activated carbon specially used as pharmaceutical excipients and food additives. The company has two very scarce qualifications in this industry to manufacture pharmaceutical excipients and food additives. The company currently employs more than 90 professionals on its 18,000 square meter campus.
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SLDP | Hot Stocks08:08 EST Solid Power appoints Lesa Roe to board of directors - Solid Power announced its board of directors appointed Lesa Roe to the board, effective January 17, 2022, bringing the total number of board members to eight. Roe brings to the Solid Power board more than 35 years of executive leadership and engineering experience. Until December 2021, Roe served as the Chief Executive Officer and Chancellor of the University of North Texas System.
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HSC | Hot Stocks08:08 EST Harsco increases focus on expanding SteelPhalt - Harsco Environmental announces it has increased its focus on expanding SteelPhalt as a world-leading asphalt company with unique solutions for every roadmaking challenge. This includes relaunching SteelPhalt's website making it faster and easier-to-use, featuring a new product selector designed to aid current and potential customers in decision-making when specifying materials for a project. Actions such as ordering and tracking will also be automated on the new site to lower customer time spent on administrative tasks. Through sustainable products that deliver high skid resistance and better durability, SteelPhalt makes high-performance asphalt to reduce the carbon footprint of road-laying by 40-percent. These trusted solutions aim to protect the planet and deliver durable roads for a more sustainable world. Today's announcement follows SteelPhalt's continued expansion in support of sustainable roadmaking. The Company recently announced the opening of two new asphalt plants located in Cardiff, Wales, and an additional plant at the existing Rotherham, England, facility, manufacture sustainable asphalt products using 95-percent recycled aggregates. With plans to open several facilities over the next three years outside of the U.K., the additional plants will offer Harsco another resource for handling slag from its steel mill customers while also responding to the ever-increasing demand to be more sustainable.
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CRBU | Hot Stocks08:08 EST Caribou Biosciences appoints Rizvi as Chief Medical Officer - Caribou Biosciences announced the appointment of Syed Rizvi, M.D., to the newly created position of chief medical officer. Dr. Rizvi has more than two decades of experience in all stages of drug development. Dr. Rizvi most recently served as chief medical officer of Chimeric Therapeutics, where he led the strategy and execution of clinical development programs for the company's T cell and NK cell therapy platforms and helped build the pipeline.
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MBRX | Hot Stocks08:07 EST Moleculin Biotech announces updated safety data for Annamycin in Phase 1 trials - Moleculin Biotech reported that it has received an updated independent safety review of certain preliminary data for the first 30 patients in its three Phase 1 clinical trials with Annamycin targeting relapsed or refractory acute myeloid leukemia and the metastases of soft tissue sarcoma to the lungs, which concluded there was no evidence of cardiotoxicity. The review included analysis of ejection fraction, echo strain and certain troponin levels intended to assess potential for both acute and chronic heart damage. Additionally, the company reported evidence that Annamycin may have a substantially lower incidence of alopecia (hair loss) than currently prescribed anthracyclines such as doxorubicin. Although 65%-92% of patients treated with doxorubicin typically experience hair loss, the incidence to date in patients treated with Annamycin is less than 10%. Alopecia is considered an important factor in quality of life for many cancer patients. "Annamycin was designed to produce little to no cardiotoxicity, so we are pleased to see that this updated report continues to support that objective," commented Walter Klemp, Chairman and CEO of Moleculin. "This is a critical safety improvement in the field of anthracyclines since the risk of cardiotoxicity is the primary limitation in the use of currently prescribed anthracyclines. The apparent reduction in the incidence of hair loss is an added benefit that has the potential to significantly improve the quality of life for patients needing anthracycline therapy. We are also encouraged by the pace of recruitment for the STS Lung clinical trial and look forward to hopefully continuing the current pace of cohort updates. While the European AML trial has been slow in recruiting, we expect to announce an update regarding the next cohort in the first quarter of 2022."
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PTE | Hot Stocks08:06 EST PolarityTE's IND for Pivotal Phase 3 approved by FDA - PolarityTE's investigational new drug - IND - application for the evaluation of SkinTE for the treatment of chronic cutaneous ulcers has been approved by the FDA. This follows the company satisfactorily addressing clinical hold items that the FDA had previously identified. The approval enables PolarityTE to commence the first of two expected pivotal studies needed to support a biologics license application seeking a chronic cutaneous ulcer indication for SkinTE. The first planned pivotal study is a trial evaluating SkinTE in the treatment of Wager 2 DFUs. The company plans to enroll up to 100 patients at up to 20 sites in the U.S. in COVER DFUs, which will compare treatment with SkinTE plus the standard-of-care to the standard-of-care alone. The primary endpoint is the incidence of DFUs closed at 24 weeks. The company expects enrollment to begin later in Q1 or in early Q2 and looks forward to providing updates as this study progresses and as PolarityTE engages FDA in discussions around the second pivotal study design and implementation.
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WKEY | Hot Stocks08:06 EST WISeKey files patent application for NFTS minted on blockchains - WISeKey International Holding announced that it has filed a patent application that ensures the provenance, authenticity, persistence, and long-term value of NFTs that are minted on Blockchains using this method. During the minting process, this method allows to ensure that the NFT is not corrupted, incomplete, or ambiguous. The WISeSat.Space constellation is already enabling the direct connection of satellites to IoT devices for NFT authentication, completing the connection cycle from space to device through a secure telecommunication means. WISeSat.Space satellites launched last week are working correctly and communicating with VaultIC encrypted communications despite working in extremely low temperatures. During the testing phase, which will take 2-4 weeks, WISeKey will be working to activate the NFT, and then execute the launch of a prestigious art piece in mid-February. The space based NFT ecosystem assures personal and secure authentication capabilities through the global WISeSat.Space constellation developed in partnership with FOSSA Systems. This solution can be used in multiple industrial applications to: optimize productivity across industries through predictive maintenance on equipment and machinery, create truly smart homes with connected appliances, and provide critical communication between devices including autonomous vehicles, self-driving cars and trucks and smart homes.
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XXII | Hot Stocks08:06 EST 22nd Century launching first reduced nicotine cigarette authorized by FDA - Following the FDA's decision to authorize VLN King and VLN Menthol King from 22nd Century Group as the first reduced nicotine content cigarettes under its Modified Risk Tobacco Product designation, 22nd Century has announced it is now "moving aggressively to bring VLN to market." A pilot launch will begin in its first major metropolitan market by March 2022 and then marketing and distribution is expected to expand to a full nationwide launch. VLN King and VLN Menthol King are the only FDA authorized reduced nicotine content combustible cigarettes in the U.S. tobacco products market. "The FDA's MRTP authorization of VLN ushered in a new reality - a combustible cigarette carrying an authorized harm reduction claim supported by extensive scientific and clinical studies, most of which were funded by federal health agencies," said James Mish, Chief Executive Officer. "VLN is the only reduced harm product of its kind, and we are confident based on the research that it can absolutely be successful on its own or in combination with other harm reduction products. With an estimated 1,300 deaths per day associated with U.S. smoking, our products that can help people smoke less offer a truly a game-changing prospect for millions of American adults who currently smoke." 22nd Century intends to commence its pilot market launch in March 2022 in order to test and optimize its marketing mix educating smokers about the benefits of reduced nicotine content VLN King and VLN Menthol King cigarettes. Additionally, 22nd Century is engaged in ongoing discussions with other potential partners - both retail and strategic - interested in helping to introduce reduced nicotine content products using 22nd Century's proprietary tobacco to adult smokers.
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CLAR | Hot Stocks08:04 EST Clarus appoints Greg Heichelbech as GM, Rhino Rack USA - Rhino Rack has appointed Greg Heichelbech to the new role of General Manager of Rhino Rack USA. Heichelbech has over 30 years leadership, operations, and sales and marketing experience working in the branded aftermarket, powersports and outdoor markets. He will be responsible for expanding the presence of Clarus' Rhino Rack and MAXTRAX brands in North America. He joins Rhino Rack from Motorsports Aftermarket Group.
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AINC... | Hot Stocks08:04 EST Ashford notified conclusion of SEC investigation - Ashford (AINC) has received a letter from the SEC stating that the SEC's investigation is concluded, and that the SEC enforcement staff does not intend to recommend any action by the SEC against Ashford. Braemar Hotels & Resorts (BHR) and Ashford Hospitality Trust (AHT) also each received a letter stating that the SEC's investigation is concluded, and that the SEC enforcement staff does not intend to recommend any action against the respective company.
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NKLA PTRA | Hot Stocks08:03 EST Nikola, Proterra announce multi-year supply agreement - Nikola (NKLA) and Proterra (PTRA) announced a strategic, multi-year supply agreement to power Nikola zero-emission semi-trucks with Proterra's industry-leading battery technology. Proterra product is expected to be incorporated in the Nikola Tre battery-electric vehicle and Tre fuel cell electric vehicle. The first Proterra Powered Nikola semi-trucks are expected to be produced in the fourth quarter of 2022, with Proterra delivering prototype systems to Nikola starting in the second quarter of 2022.
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EVAX MRK | Hot Stocks08:03 EST Evaxion receives clearance to initiate Phase 2 trial of EVX-01 - Evaxion Biotech (EVAX) announced it has received clearance from the Australia Therapeutic Goods Administration to initiate a Phase 2b trial of its patient specific cancer immunotherapy EVX-01 in combination with Merck's (MRK) anti-PD-1 therapy KEYTRUDA. The open label, single arm trial will evaluate the efficacy and safety of EVX-01 in combination with KEYTRUDA in approximately 100 checkpoint inhibitor treatment naive adults with unresectable or metastatic melanoma, with overall response as the primary endpoint. The study is expected to be initiated in Q2. Lars Wegner, CEO of Evaxion, said: "Australian clearance for our Phase 2b trial of our lead product EVX-01 is a significant step forward for Evaxion and our exciting pipeline of immunotherapies. Data from the Phase 1/2a trial have shown that EVX-01 may be able to dramatically improve the treatment landscape in melanoma and possibly other cancers and we are excited to continue the clinical progress of our lead drug candidate EVX-01 in collaboration with Merck. This new Phase 2b trial, combining EVX-01 and KEYTRUDA(R), addresses a significant medical need and a potential multibillion dollar market. There could be potential further benefits from combining EVX-01 with checkpoints inhibitors such as KEYTRUDA, and so this study may enable expansion into many other types of cancers, addressing a market of well over $100 billion."
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BKYI | Hot Stocks08:03 EST Lawrence County, South Dakota selects BIO-key's PortalGuard IAM platform - BIO-key announced Lawrence County, SD has selected its PortalGuard IAM platform, including WEB-key biometric authentication. PortalGuard will provide its staff with seamless, secure access to mission-critical county applications and data that meets its cyber security and insurance compliance requirements.
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BABA | Hot Stocks08:02 EST Alibaba falls over 4% to $125.75 on U.S. scrutiny over national security
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DYN | Hot Stocks08:02 EST Dyne Therapeutics announces FDA clinical hold on DYNE-251 IND application - Dyne Therapeutics announced that the U.S. Food and Drug Administration has placed on clinical hold its Investigational New Drug application to initiate a clinical trial of DYNE-251 in patients with Duchenne muscular dystrophy amenable to skipping exon 51. Dyne received a clinical hold letter from the FDA on Friday, January 14, 2022 requesting additional clinical and non-clinical information for DYNE-251. The Company expects to submit to the FDA its response with data from existing and ongoing studies in the second quarter of 2022, and if satisfactory to the FDA, to be dosing patients in a Phase 1/2 multiple ascending dose clinical trial of DYNE-251 by mid-2022 in accordance with its current guidance. Dyne will work closely with the FDA to resolve the clinical hold as promptly as possible. As previously announced, the Company expects to submit an IND for DYNE-101 in myotonic dystrophy type 1 during the first quarter of 2022 and to be dosing patients in a planned MAD clinical trial by mid-2022.
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THO | Hot Stocks07:57 EST Thor Industries enters strategic partnership with Technexus Venture - Thor Industries has entered into a strategic partnership with TechNexus Venture Collaborative. The partnership will identify and engage an ecosystem of entrepreneurs and transformative start-up companies across the globe that will connect and align with Thor to power its strategic initiatives. TechNexus operates as a force multiplier between enterprises and entrepreneurs to fund and incubate opportunities. Prioritizing early- and growth-stage companies globally, Thor and TechNexus will aim to accelerate the success of portfolio companies by contributing industry and technical expertise, access to channel partnerships, and the ability to launch and scale innovative solutions through selective co-development opportunities with Thor.
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SNCE | Hot Stocks07:57 EST Science 37, Worldwide Clinical Trials partner to advance agile clinical trials - Worldwide Clinical Trials and Science 37 Holdings announced a collaboration to enable enhanced decentralized clinical trial delivery in which patient visits for the provision of healthcare or trial assessments and laboratory tests are localized in the patient's community. With this new partnership, Worldwide will leverage Science 37's Operating System-bringing biopharmaceutical sponsors an end-to-end technology platform and specialized networks solutions for faster and more patient-centric clinical trial execution. As sponsors continue to explore ways to drive accelerated study timelines and bring trials closer to patients, use of decentralized techniques and approaches are leading to increased agile clinical trial designs. Enabled by technology, agile clinical trials can alleviate patient burdens-helping drive efficiency, reduce costs, and increase patient participation by incorporating the best elements of traditional and decentralized approaches. Through this partnership, Worldwide Clinical Trials becomes part of the Science 37 CRO Certified network, designed to empower CROs with access, training, and commercial support to successfully deliver decentralized clinical studies at scale.
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J | Hot Stocks07:46 EST Jacobs awarded design contract from Axiom Space - Jacobs has been awarded the architecture and engineering phase one design contract by Axiom Space for the Assembly, Integration and Testing facility planned for the 400-acre Houston Spaceport in the heart of Space City at Ellington Airport. This new 100,000 sq ft facility will support Axiom Space's mission to provide access to low Earth orbit and assemble the first commercial international space station.
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AXU | Hot Stocks07:45 EST Alexco Resource's resource estimate for Bermingham deposit increases by 70% - Alexco Resource reports an updated and expanded mineral resource estimate for the company's Bermingham deposit, located within the Keno Hill Silver District in Canada's Yukon Territory. As a result of exploration work conducted during the period 2019 through 2021, including the recently completed 17,742 m directional drilling program, the Bermingham indicated mineral resource estimate has expanded from 33.0 M ounces to 47.2M ounces of contained silver at an average grade of 939 g/t Ag. The inferred mineral resource estimate has increased from 11.7 M ounces to 19.9 M ounces of contained Ag at an average grade of 735 g/t Ag. Including the expanded silver mineral resource at Bermingham, the total indicated mineral resource estimate for the company's two primary mining centers in the District, the Bermingham and Flame & Moth deposits, increased by 24% from 59.8 M ounces to 74.1 M ounces of contained silver. As a result of these changes, Alexco is currently re-evaluating the life of mine plan for both deposits with a view to potentially expand the combined estimated 33.8 M ounce silver mineral reserve.
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ATRS | Hot Stocks07:40 EST Antares Pharma receives FDA Fast Track designation for ATRS-1902 - Antares Pharma announced that the U.S. Food and Drug Administration, FDA, has granted Fast Track designation for ATRS-1902 for adrenal crisis rescue. The development program for ATRS-1902 supports a proposed indication for the treatment of acute adrenal insufficiency, known as adrenal crisis, in adults and adolescents, using the company's Vai novel proprietary auto-injector platform to deliver a liquid stable formulation of hydrocortisone. Robert Apple, President and Chief Executive Officer of Antares Pharma, added, "This designation by the FDA represents an important milestone for the clinical development of ATRS-1902. We appreciate the opportunity to work more collaboratively with the FDA on our hydrocortisone rescue pen. ATRS-1902 is one of many rescue pen products that we are currently developing for ourselves or for our partners that we believe can benefit patients with serious medical conditions and support our future growth."
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PROF | Hot Stocks07:39 EST Profound Medical announces first patients treated in CAPTAIN trial - Profound Medical announced that the first patients have been treated in the Level 1 'CAPTAIN' trial. CAPTAIN is a prospective trial of 201 patients aimed at comparing the safety and efficacy of the TULSA procedure with radical prostatectomy in men with organ-confined, intermediate-risk, Gleason Score 7 prostate cancer. The primary safety endpoint is the proportion of patients who preserve both erectile potency and urinary continence at one year after treatment. The primary efficacy endpoint is the proportion of patients who are free from any additional treatment for prostate cancer by three years after treatment. Secondary endpoints include comparison of rates of complications, cost effectiveness, and timing of the return to baseline activity. Long-term follow-up will be gathered for up to 10 years after treatment. "CAPTAIN is a post-market study intended to support coverage by payors," said Arun Menawat, Profound's CEO and Chairman. "Notably, this will be the first Level 1 study ever conducted comparing an emerging technology head-to-head with RP in men with prostate cancer. So, if successful, in addition to helping advance our reimbursement strategy, we believe the data generated from CAPTAIN has the potential to drive much broader awareness and adoption of TULSA-PRO."
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DAC | Hot Stocks07:38 EST Danaos announces new charter deals increasing revenue backlog by $870M - Danaos announced that it has entered into new charter arrangements for 11 of its vessels ranging between 2,500 to 10,000 TEU with major liner companies, that significantly improve cash flow visibility and charter coverage. These charters, which have a revenue weighted average contract duration of 4.7 years commence on the expiration of the vessels' existing charters between February 2022 and April 2023 and extend up to May 2028. The new charters increase the company's contracted revenue backlog by approximately $870M, or by approximately $700M in contracted EBITDA. Inclusive of these charters, total contracted operating revenue was $2.8B as of December 31 with a remaining average contracted charter duration of four years, weighted by aggregate contracted charter revenue. Additionally, contract coverage in terms of operating days is now 95% for 2022, 77% for 2023 and 57% for 2024. The Company has also entered into an agreement to sell two 20-year-old 6,422 TEU vessels for a total consideration of $130M and are expected to be delivered to their buyer in November 2022. The Company acquired these two vessels as part of the consolidation of Gemini Shipholdings Corporation on July 1, based on a fair value of $73M, and expects to book a healthy profit when the sale is completed. "We are very pleased to announce the continued improvement of our contracted backlog with multi-year charters for 11 of our vessels and the profitable sale of two older vessels. The combined result is up to $1Bf contracted revenue accretion and sales proceeds. These transactions significantly improve our liquidity and cash flow visibility for the next several years and further strengthen our balance sheet. We will continue to work to maximize our profitability and secure more accretive transactions with a focus on creating value for our shareholders."
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OAMCF | Hot Stocks07:37 EST OverActive Media appoints Matt McGlynn as VP, marketing and brand - OverActive Media announced the hiring of Matt McGlynn to its leadership team in Toronto. McGlynn leaves his prior role as Vice President of Brand at Royal Bank of Canadato join OverActive as Vice President of Marketing and Brand.
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CLR | Hot Stocks07:37 EST Continental Resources COO Jack Stark retiring, Doug Lawler to succeed - Continental Resources announced upcoming organizational changes. President and COO Jack Stark has announced his intention to retire by late Spring 2022. Upon retirement, he will transition into a part-time consulting role as a senior advisor to the company's CEO, Bill Berry, who will become the President and CEO. Stark joined the company in 1992 to lead the company's exploration efforts and has served in various leadership roles over the last 30 years. Additionally, Doug Lawler has been named COO and Executive VP, effective February 1. Lawler has spent over three decades in the oil and gas industry. He began his career with Kerr-McGee in 1988 and joined Anadarko Petroleum following its acquisition of Kerr-McGee in 2006. Most recently, Doug was President & CEO of Chesapeake Energy from 2013 to 2021.
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ENVX | Hot Stocks07:36 EST Enovix completes redemption of public warrants - Enovix announced the completion of the redemption of all of its outstanding public warrants. On December 7, 2021, Enovix issued a press release stating that, pursuant to the terms of the warrant agreement, it would redeem all of the public warrants that remained unexercised immediately after 5:00 p.m., New York City time, on January 7, 2022 for a redemption price of $0.01 per warrant. The redemption was triggered because the last sales price of Enovix's common stock was at least $18.00 per share on each of 20 trading days within the 30 trading-day period that ended December 2, 2021. Of the 11,499,991 public warrants that were outstanding as of the date Enovix announced the redemption of its public warrants on December 7, 2021, 11,304,351 were exercised, representing approximately 98.3% of the public warrants. Enovix redeemed 195,640 unexercised public warrants. Total cash proceeds generated from the public warrant exercises were approximately $130.0 million. As of this date, no public warrants remain outstanding. In connection with the redemption, the public warrants stopped trading on the Nasdaq Capital Market and were delisted, with the trading halt announced after close of market on Friday, January 7, 2022. The redemption had no effect on the trading of Enovix's common stock, which continues to trade on the Nasdaq Capital Market under the symbol "ENVX."
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TNP | Hot Stocks07:36 EST TEN, Ltd. announces delivery, long-term charter of LNG carrier TENERGY - TEN announced the delivery of the 174,000cbm LNG carrier "TENERGY" in South Korea and immediate charter to a major end-user. The employment, of minimum five years at an accretive floor rate with market-related upside is expected to generate minimum gross revenues of about $100M. "We are excited to continue expanding our presence in the ever-developing LNG space with the delivery and charter of this latest technology and environmentally friendly vessel," Mr. George Saroglou, COO of TEN commented. "TEN's growth prospects and cash flow visibility, with a minimum revenue backlog of over $1 billion, with additional upside potential, enables management to pursue its growth strategy and diversify further TEN's footprint in the greater energy sector," Saroglou concluded.
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MRMD | Hot Stocks07:35 EST Marimed to acquire Green Growth Group, terms not disclosed - MariMed announced it signed a definitive agreement to acquire Green Growth Groupm holder of a provisional Cannabis Craft License in Illinois. The transaction is subject to customary closing conditions and regulatory approvals. Terms of the deal were not disclosed. This transaction will enable MariMed to add cultivation, manufacturing, and distribution to its existing retail cannabis operations in the state. MariMed will bring its full product portfolio of brands, genetics, and products to one of the top cannabis markets in the United States. For this Craft License, the Company will acquire a building to develop up to 14,000 square feet of canopy for cultivation, build an extraction lab to produce concentrates, and build a production kitchen for the manufacture of edibles and other derivative products. A Transportation License also being acquired will enable the Company to wholesale its products throughout Illinois. The Company intends to manufacture and distribute in Illinois its proprietary brands and products, including its Betty's Eddies fruit chews, which was one of the top-selling edibles in the state until 2019 through a third-party licensing agreement, its award-winning Nature's Heritage flower and concentrates, its Bubby's Baked soft and chewy baked edibles, and more.
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VERA | Hot Stocks07:35 EST Vera Therapeutics announces Phase 3 trial for atacicept - Vera Therapeutics announced plans to initiate a Phase 3 clinical trial of its lead product candidate atacicept in lupus nephritis, LN. This announcement comes after positive feedback from the U.S. Food and Drug Administration's review of the proposed Phase 3 trial. Lupus nephritis, a severe renal manifestation of systemic lupus erythematosus , causes kidney inflammation, which leads to blood and protein in the urine, high blood pressure, impaired kidney function, and eventually approximately 25 percent of LN patients develop end stage renal disease. "Fewer than half of patients treated for LN have a complete response to current therapies, and among patients without a complete response, more than half will have non-functioning kidneys within five years," said Vera founder and CEO Marshall Fordyce, MD. "Atacicept has the potential to offer a significant improvement over standard of care for patients who currently have limited options. Atacicept has been administered to more than 1,400 patients in clinical studies across different indications. We look forward to initiating this Phase 3 trial and working with the FDA and other regulators to evolve the standard of care for LN patients."
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ORGS | Hot Stocks07:33 EST Orgenesis, John Hopkins University create new POCare Center - Orgenesis and The Johns Hopkins University announce the next phase of their collaboration. This new phase involves construction of a cell and gene therapy processing facility for point of care treatment of patients at Johns Hopkins which is planned to start in Q2 2022 and is expected to be operational in Q2 of 2023. Construction of the new POCare Center, also known as the Maryland Center for Cell Therapy Manufacturing, has been funded in part by a $5M grant from the State of Maryland. The new facility has been designed to meet U.S. Food and Drug Administration standards and provides Johns Hopkins clinicians and researchers with a "more streamlined path to treat patients and take promising and novel treatments from the lab to patient trials," the company said. In addition, the establishment of the new POCare Center will enable rapid scale up of additional processing capacity through connecting/servicing Orgenesis Mobile Processing Units and Labs. OMPULs shorten the implementation time of new capacity from 18-24 months to 3-6 months. Each POCare Center can service multiple OMPULS. The first OMPUL in Maryland is expected to deploy 2H of 2022. "Orgenesis continues to develop and extend key partnerships within its international POCare Network. These international partnerships are now experiencing significant investment and construction across the globe to build on the achievements within the Network, as illustrated by our expanded collaboration with Johns Hopkins," said Vered Caplan, CEO, Orgenesis. "We are honored to work with Johns Hopkins, America's first research university and home to nine world-class academic divisions working together in one university. The POC Center at Johns Hopkins will help propel the development of therapies targeting a range of conditions that directly affect the lives of millions of patients."
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NEPT | Hot Stocks07:33 EST Neptune Wellness to reduce costs by bringing legal services in-house - Neptune Wellness announced two new leadership appointments to expand the company's in-house legal capabilities. These appointments are the result of the company's commitment to decrease the need for third-party legal counsel and reduce overall corporate spend, in line with its recent strategic review. Also, bringing additional legal services in-house will further enhance Neptune's ability to protect its assets and strategically engage with third parties. John Wirt, Neptune's Chief Legal Officer, said "By expanding our internal legal capabilities, we continue to execute on the cost reduction and streamlining measures outlined in our strategic review. A significant portion of Neptune's corporate expenditures have come from legal expenses, largely as a result of our reliance on outside legal counsel. We anticipate that these appointments will streamline our legal processes, enhance our strategic advantage, improve efficiency and deliver significant cost savings to Neptune for years to come." Effective immediately, Christopher J. C. Waldon has been appointed Deputy General Counsel - Litigation. Waldon joins Neptune from Venable LLP, where he has represented Neptune on its litigation matters. In addition, Christopher Piazza has been appointed Deputy General Counsel - Corporate.
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EBIX | Hot Stocks07:33 EST EbixCash Global Services secured seven contracts in Q4 - EbixCash Private announced that its subsidiary EbixCash Global Services has secured seven new contracts in the fourth quarter of the year 2021. Reviewing its performance in the year 2021 as compared to 2020, the EbixCash Global Services Division announced a number of metrics to gauge its success - As of 31st December 2021, its employee count had grown to 2,850 from 810 in September 2020; 28 new clients were secured in the year 2021, with seven new clients still in the process of being onboarded; Year over year revenue growth reported in 2021 was 54%; Today the Division is proudly associated with 78 leading clients. The Division successfully set up a 125,000 square feet Headquarters in Sector-80, Noida in 2021.
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MNMD | Hot Stocks07:32 EST MindMed Eenrolls first participant in Session Monitoring System study - Mind Medicine has enrolled the first subjects into its Session Monitoring System study evaluating the passive collection of sensory data during a consciousness-altering therapeutic session. SMS-01 utilizes MindMed's Session Monitoring System, which it believes could have therapeutic applications in the treatment of psychiatric disorders. MindMed recently consulted with the FDA's Center for Devices, Radiological Health and Center for Drug Evaluation and Research and received positive feedback supporting the planned development strategy. The objective of the meeting was to review the devices Indications for Use statement, discuss the study design and facilitate early communication and guidance through the regulatory submission process.
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OBNNF | Hot Stocks07:32 EST Osisko Mining announces results from drill program at Windfall project - Osisko Mining is pleased to provide new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Quebec. Significant new analytical results that have not been included in the recently released mineral resource estimate and include 94 intercepts in 28 drill holes and 25 wedges. The infill intercepts are located inside defined January 2022 MRE blocks. The expansion intercepts are located outside the January 2022 MRE blocks and either expand MRE wireframes or are in a defined zone or corridor but do not yet correlate to a specific MRE wireframe. Osisko CEO John Burzynski commented: "Today's results serve as a reminder that Windfall continues to grow in size, underscored by some of these new wide high-grade hits as the deposit opens up in the heart of the Lynx system. By virtue of the current resource, Windfall is the largest high-grade million ounce plus deposit ever discovered in Quebec, and it has been steadily moving up the global list of top high-grade underground gold deposits. There is nothing quite like Windfall in Canada, or even globally." Selected high-grade intercepts include: 482 g/t Au over 5.7 metres and 380 g/t Au over 3.2 metres in OSK-W-21-1432-W10; 77.6 g/t Au over 17.3 metres in OSK-W-21-1949-W14; 124 g/t Au over 8.0 metres in OSK-W-21-2587-W2; 45.8 g/t Au over 11.0 metres and 143 g/t Au over 3.4 metres in WST-21-0707; 87.9 g/t Au over 3.2 metres in OSK-W-21-2465-W5; 83.0 g/t Au over 3.0 metres in WST-21-0895A, 37.0 g/t Au over 6.4 metres in OSK-W-21-2613 and 28.1 g/t Au over 6.0 metres in OSK-W-21-2644.
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SLNH | Hot Stocks07:30 EST Soluna Holdings signs master equipment finance agreement - Soluna Holdings announced that its subsidiary Soluna MC Borrowing 2021-1 has entered into a master equipment financing agreement on December 30, 2021, with NYDIG ABL LLC which outlined the framework for a financing for up to approximately $14.4M. Concurrent with this financing agreement, Soluna MC Borrowing entered into a purchase agreement for 110 PH/s of Bitmain S19 equipment that is expected to be delivered from February - June 2022. Under the terms of the agreement, the aggregate principal outstanding of such loans will bear interest between 12-14% and will be repaid over 15-60 months. The debt is guaranteed by the Company's indirect wholly-owned subsidiary, Soluna MC LLC, formerly EcoChain Block LLC, and is collateralized by the assets purchased by Soluna MC Borrowing and certain digital assets of such borrower. Subsequently, the parties negotiated the specific terms of each equipment financing transaction as well as the terms upon which the investors would consent to the transactions contemplated by the Master Agreement. On January 14, 2022, Soluna MC Borrowing borrowed loans under the Master Agreement in the aggregate principal amount of approximately $4.6 million that will bear interest at 14% and will be repaid over 24 months.
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DNAC | Hot Stocks07:30 EST Social Capital Suvretta Holdings Corporation III (Class A Stock) trading resumes
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CGAU | Hot Stocks07:28 EST Centerra Gold sees 2022 gold production 400,000-450,000 ounces - 2022 Guidance Highlights: Gold production of 400,000 to 450,000 ounces, including 190,000 to 210,000 ounces at the Mount Milligan Mine and 210,000 to 240,000 ounces at the Oksut Mine. Copper production of 70 to 80 million pounds, reduced from previous guidance due to planned mine sequence changes at the Mount Milligan Mine. Gold production costs per ounce - $500 to $550, AISC on a by-product basis per ounceNG - $600 to $650, AIC on a by-product basis per ounceNG - $700 to $750. Total capital spending of $95 to $105 million. Cash provided by operating activities of $300 to $350 million. Free cash flow of $200 to $250 million. Exploration expenditures of $35 to $45 million including exploration at our Mount Milliganand Oksut Mines. New Mount Milligan technical report expected in the second quarter. Updated 3 Year Outlook targeted to be issued in the second quarter. The previously issued 2023 guidance is currently under review pending the release of the new Mount Milligan technical report. Scott Perry, President and CEO of Centerra, said: "Our Mount Milligan and Oksut Mines paved the way for our strong operating performance in 2021, enabling us to achieve the upper end of our gold production guidance. At the same time, our gold production costs per ounce and all-in sustaining costs on a by-product basis per ounce are expected to be at the lower end and below their respective 2021 guidance ranges. In the year ahead, we expect to see continued strong operational performance at Mount Milligan and Oksut, with increased gold production levels and significant generation of cash provided by operating activities and free cash flow."
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DNAC | Hot Stocks07:27 EST Social Capital Suvretta Holdings Corporation III (Class A Stock) trading halted, news pending
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ELYM | Hot Stocks07:27 EST Eliem Therapeutics expects cash to fund operations through late 2023 - The Company's unaudited cash, cash equivalents and marketable securities were approximately $160M as of December 31, 2021. The Company continues to expect that its current cash, cash equivalents and marketable securities will be sufficient to fund operations through late 2023.
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ELYM | Hot Stocks07:27 EST Eliem Therapeutics provides program updates, near term milestones - Eliem Therapeutics is providing program updates and announcing expected milestones. Program Updates and Anticipated Key Milestones: ETX-810 in chronic pain: ETX-810 is currently being evaluated in two Phase 2a clinical trials in subjects with diabetic peripheral neuropathic pain and lumbosacral radicular pain, commonly referred to as sciatica. ETX-810 in DPNP. Achieved full enrollment in the Phase 2a trial evaluating the efficacy and safety of ETX-810 in subjects with DPNP. The Company expects topline data in the first half of 2022. ETX-810 in LSRP. Enrollment is ongoing for the Phase 2a clinical trial evaluating the efficacy and safety of ETX-810 in subjects with LSRP. The Company expects enrollment to be completed in the first half of 2022 and now expects topline data in the second half of 2022. ETX-155 in depression and epilepsy: ETX-155 is a novel GABAA receptor positive allosteric modulator that Eliem plans to evaluate in subjects with major depressive disorder, perimenopausal depression, and epilepsy. ETX-155 in MDD and PMD. The Company expects to submit an IND application with the U.S. Food and Drug Administration in Q1 2022. Assuming FDA clearance to proceed, the Company expects to dose the first subjects in two randomized, placebo-controlled, Phase 2a proof-of-concept trials of ETX-155 in the first half of 2022 and expects topline data in the second half of 2023. ETX-155 in epilepsy. Enrollment is ongoing for the single-arm Phase 1b trial in subjects with photosensitive epilepsy, a single dose proof-of-concept study for epilepsy. The Company expects interim data in the first half of 2022. Kv7.2/3 channel opener program: The Company's preclinical program targets the Kv7.2/3 potassium channel, a target that has been shown to control neuronal excitability and that has clinical validation in pain and epilepsy. The Company plans to progress IND-enabling studies in 2022. Anxiolytic for generalized anxiety disorder: The Company is in early preclinical development of a novel, rapid-acting, non-sedating, non-addictive anxiolytic for the potential treatment of GAD. The Company is continuing the preclinical development of this program with the intent to provide a development plan update later in 2022.
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GS | Hot Stocks07:27 EST Goldman Sachs CEO: 2021 was a 'record' year for firm - Chairman and CEO David Solomon said: "2021 was a record year for Goldman Sachs. The firm's extraordinary performance is a testament to the strength of our client franchise and people. Moving forward, our leadership team remains committed to growing Goldman Sachs, diversifying our businesses and delivering strong returns for shareholders."
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CGAU | Hot Stocks07:26 EST Centerra Gold reports Q4 gold production 91,197 ounces - Centerra Gold reports 2021 fourth quarter and full-year production and 2022 production and cost guidance. 2021 Fourth Quarter and Annual Highlights: Gold production in the fourth quarter was 91,197 ounces including 59,529 ounces of gold produced by the Mount Milligan Mine and 31,668 ounces of gold produced by the Oksut Mine. Full year 2021 gold production was 308,141 ounces, at the upper end of guidance, including 196,438 ounces of gold produced by the Mount Milligan Mine and 111,703 ounces produced by the Oksut Mine. Copper production was 17.0 million pounds in the fourth quarter and 73.3 million pounds for the full year 2021, within the guidance range. 2021 Gold production costs per ounce is expected to be at the lower end of the guidance range of $600 to $650. 2021 All-in sustaining costs on a by-product basis per ounce is expected to be below the lower end of guidance range of $700 to $750. 2021 All-in costs on a by-product basis per ounce is expected to be below the lower end of guidance range of $850 to $900. 2021 Cash provided by operating activities is expected to be at the upper end of the guidance range of $200 to $250 million. 2021 Free cash flow is expected to be at the upper end of the guidance range of $125 to $175 million. 2021 Oksut related income tax guidance has been revised to an expected current tax expense range of $35 to $45 million.
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GS | Hot Stocks07:26 EST Goldman Sachs reports Q4 investment banking revenues $3.8B - Net revenues in Global Markets were $3.99 billion for the fourth quarter of 2021, 7% lower than the fourth quarter of 2020 and 29% lower than the third quarter of 2021. Net revenues in FICC were $1.86 billion, essentially unchanged compared with the fourth quarter of 2020. Net revenues in Asset Management were $2.89 billion for the fourth quarter of 2021, 10% lower than the fourth quarter of 2020 and 27% higher than the third quarter of 2021.
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QIWI | Hot Stocks07:25 EST Qiwi launches new website for investors - QIWI announced the launch of the new website for investors. The company said, "We are happy to announce that our website for investors was updated. We encourage you to visit it at the same link - https://investor.qiwi.com/. The new website received a modern and refreshing design in accordance with QIWI brand book guidelines. We have reviewed the structure, added several features describing our products & services, introduced new tools for investors and improved navigation."
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GS | Hot Stocks07:25 EST Goldman Sachs reports Q4 ROE 15.6%, ROTE 16.4% - Return on average common shareholders' equity was 23.0% for 2021 and annualized ROE was 15.6% for the fourth quarter of 2021. Return on average tangible common shareholders' equity was 24.3% for 2021 and annualized ROTE was 16.4% for the fourth quarter of 2021.
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RIG... | Hot Stocks07:25 EST Transocean to drill injection well, sidetrack for Northern Lights Project - Transocean (RIG) announced that, later this year as part of its current drilling contract with Equinor (EQNR), the Transocean Enabler will drill one carbon injection well and a sidetrack for another carbon injection well drilled early 2020 in support of the Northern Lights Carbon Capture Storage Project, a joint venture created by Equinor, Shell (RDS.A;RDS.B) and TotalEnergies (TTE). The project sets out to mitigate emissions and remove carbon dioxide from the atmosphere by creating the first cross-border, open-source carbon dioxide transport and storage infrastructure network in the European Union. "We are proud to participate in this important carbon capture and storage project in support of the EU's energy policy and climate objectives," said Janelle Daniel, Transocean's Vice President of Human Resources, Sustainability and Communications. "Beyond our core business of drilling ultra-deepwater and harsh environment wells, this is an excellent example of how we can further leverage our rigs and core competencies in support of renewable and alternative energy projects in offshore markets across the globe."
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ATCX COP | Hot Stocks07:22 EST Atlas Technical Consultants awarded $5M contract with ConocoPhillips - Atlas Technical Consultants (ATCX) announced that it has been awarded a $5M contract to provide environmental services to ConocoPhillips (COP). Services include the assessment and remediation of petroleum-oil impacted soil and groundwater associated with historical oilfield activity in the western region of the United States. The contract is for a five-year term.
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AMYT | Hot Stocks07:22 EST Amryt Pharma announces new patents for Oleogel-S10 - Amryt announces an update regarding the patents for its lead development candidate, Oleogel-S10. Oleogel-S10: The United States Patent and Trademark Office, USPTO, has issued to Amryt a notice of allowance for US Patent Application No. 17/393,171 'Betulin-Containing Birch Bark Extracts and their Formulation' with claims covering the Oleogel-S10 formulation. If Oleogel-S10 is approved by the FDA, the resulting patent will be listable in the Approved Drug Products with Therapeutic Equivalence Evaluations, published by the United States Food and Drug Administration and this patent will expire in January 2039. Together with four previously granted patents, if Oleogel-S10 is approved, Amryt will have 5 Orange Book-listed patents for Oleogel-S10 with patent protection through January 2039, without patent term extension. Dr Joe Wiley, CEO of Amryt Pharma, commented: "We are always working to develop and extend our IP portfolio and today's news further illustrates the robust IP protection enjoyed by our lead development asset, Oleogel-S10. Oleogel-S10 is a potential treatment for the cutaneous manifestations of Junctional and Dystrophic Epidermolysis Bullosa, a rare and distressing genetic skin disorder affecting young children and adults for which there is currently no approved treatment ."
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QUISF | Hot Stocks07:21 EST Quisitive Technology joins OTCQX Best Market - OTC Markets Group announced Quisitive Technology Solutions has qualified to trade on the OTCQX Best Market. Quisitive Technology Solutions Inc. begins trading on OTCQX under the symbol "QUISF."
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JNJ | Hot Stocks07:19 EST Leyden Labs licenses pan-influenza antibody from Janssen - Leyden Laboratories announces the development of an intranasal spray protecting against influenza A and influenza B based on the human monoclonal antibody CR9114. Leyden Labs has entered into an exclusive licensing agreement with Janssen Pharmaceuticals to develop and commercialize CR9114 for mucosal administration. CR9114 is a human monoclonal antibody that protects against both influenza A and B in preclinical models. With the exclusive license to mucosal administration of CR9114, Leyden Labs is developing easy-to-use products that provide immediate protection against contracting and spreading multiple strains of influenza. This supports Leyden Labs' mission to optimize mucosal protection against entire viral families to prevent future pandemics. Under the terms of the licensing agreement, Janssen will provide Leyden Labs with a worldwide, exclusive license to develop and commercialize CR9114 for mucosal administration. Janssen will receive an upfront payment and is eligible to receive development and sales-based milestone payments and tiered royalties on potential sales. The agreement was facilitated by Johnson & Johnson Innovation.
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SLNH | Hot Stocks07:18 EST Soluna Holdings expects to hit 1 EH/s by the end of March - Soluna Holdings announced the release of its December site level financials. Michael Toporek, CEO of Soluna Holdings, stated, "We continue to deliver strong month over month performance. Despite an 18% drop in average BTC price between November and December, our December revenue continued to increase. We expect further earnings acceleration over the next few months as we march toward our target hashrate of over 1 EH/s." Key Summary Highlights for December 2021 and Flash Revenue: December 2021 Revenue increased despite an 18% decrease in average BTC price between November and December; Yearly cash contribution margin run-rate at $25.65 million; Sophie site powered up in December to hit 25MW target; Hashrate continues to scale and expect to hit 1 EH/s by the end of March, +/- 30 days; Target for 2022 is to energize 100 MW with power prices at sub 2.5 c / kWh.
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HAIN | Hot Stocks07:18 EST Hain Celestial CFO Idrovo resigns for another opportunity, appoints Bellairs - The Hain Celestial Group announced the appointment of Chris Bellairs to the role of Executive Vice President and Chief Financial Officer, CFO, effective February 4, 2022. Bellairs will succeed Hain Celestial's current Executive Vice President and Chief Financial Officer, Javier Idrovo, who has announced his intention to resign for another opportunity. Idrovo will continue to serve as Chief Financial Officer until February 4, 2022, to assist with the transition of his responsibilities and to participate in the Company's upcoming conference call to discuss its second quarter fiscal year 2022 financial results. Prior to joining Hain Celestial, Bellairs served as the Chief Financial Officer of Stone Brewing, a California-based craft brewery with nationwide and international distribution.
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SRRA | Hot Stocks07:18 EST Sierra Oncology sees topline data from momelotinib trial ready by January-end - Sierra Oncology announced it has shortened the timeline to the topline data readout of the MOMENTUM pivotal Phase 3 trial of momelotinib in patients with myelofibrosis. The company now expects to announce topline data by the end of January 2022. Assuming positive results, the company intends to file a New Drug Application (NDA) with the US Food & Drug Administration, FDA, in the second quarter of 2022. "We are really excited at the prospect of seeing topline results from the MOMENTUM study earlier than predicted. This is enabled by the excellent work of the team who have worked extremely hard over recent weeks to ensure quality and completeness of the study data," said Stephen Dilly, MBBS, PhD, President and Chief Executive Officer at Sierra Oncology. "We look forward to sharing topline results in the next few weeks, and if those data are positive, we are committed to delivering this potential medicine for myelofibrosis patients, particularly those with anemia, as expeditiously as possible."
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GSV | Hot Stocks07:16 EST Gold Standard Ventures announces results from eight RC holes at Pinion SB Zones - Gold Standard Ventures announced positive drill results from eight reverse circulation, RC, drill holes at the Pinion SB Zone as part of its 2021 Exploration and Development Program. The SB Zone is the contiguous southeast extension of the Pinion deposit. Jason Attew, President and CEO, commented, "We are very encouraged by the 2021 drilling results at the SB Zone. We are intersecting mineralization closer to surface than previously estimated and the target remains open to the south and east. We look forward to continuing to explore this target in 2022 with the goal of adding to the existing Pinion mineral resource by year-end."
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GUROF | Hot Stocks07:15 EST GURU Organic Energy enters partnerships with Canadian ski resors - GURU Organic Energy is pleased to announce three new partnerships with major Canadian ski resorts, made possible in part thanks to its recently launched exclusive distribution agreement with PepsiCo(R) Beverages Canada. Including one of the country's most emblematic ski destinations, Whistler Blackcomb in British Columbia, in addition to Quebec's Bromont and Mont Sutton mountain destinations, these partnerships are part of GURU's strategy to connect with health-conscious Canadians and outdoor enthusiasts on the slopes. Over the course of the 2022 ski and snowboard season, GURU will be providing its full range of core energy drinks to the winter sports community, as well as activating various on-site sampling, sponsorships, and other promotional events and activities. The Company will ensure any promotional activities undertaken comply with COVID-19 public health guidelines in place.
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DNAC PROK | Hot Stocks07:15 EST ProKidney to become public through Social Capital Suvretta combination - ProKidney has entered into a definitive agreement to become a publicly traded company via a business combination with Social Capital Suvretta Holdings Corp. III (DNAC), a special purpose acquisition company. The transaction is expected to deliver up to $825M in gross cash proceeds, including the contribution of up to $250M of cash held in SCS's trust account, assuming no redemptions by SCS public shareholders, and a fully committed PIPE of $575M at $10 per share. These proceeds will be primarily used to fund React's Phase 3 development program, accelerate ProKidney's manufacturing buildout, and ultimately prepare for the global commercial launch of React. The PIPE is led by a $125M contribution from Social Capital, with an additional $50M from ProKidney's existing investors, approximately $30M from Suvretta Capital's Averill strategy with the remaining $370M coming from institutional investors and family offices. Existing ProKidney equity holders will roll 100% of their equity into the combined company and will be eligible to receive up to 17.5M additional SCS shares pursuant to an earnout based on ProKidney's future stock performance. Existing ProKidney shareholders and management have also committed to lock up 50% of their equity interests until the earlier of five years or regulatory market authorization, including full or conditional authorization, to market its lead product candidate, React, subject to certain customary exceptions. Upon closing of the transaction, the combined company will trade on the Nasdaq under the symbol (PROK). The transaction, which has been approved by the boards of directors of both SCS and ProKidney and ProKidney's equity holders, is expected to close in the third quarter of 2022 and is subject to approval by SCS's shareholders and other customary closing conditions.
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PRCT | Hot Stocks07:14 EST Northside Healthcare System enters agreement for AquaBeam Robotic Systems - PROCEPT BioRobotics announced it now has five AquaBeam Robotic Systems installed across all of Northside Health Systems' state-of-the-art surgical facilities.
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SRGA | Hot Stocks07:13 EST Surgalign receives FDA clearance for HOLO Portal System - Surgalign announced that it has received U.S. Food & Drug Administration, FDA, 510(k) clearance for its HOLO Portal surgical guidance system for use within lumbar spine procedures. The HOLO Portal system is an artificial intelligence-driven augmented reality, AR, guidance system for spine and the first clinical application of Surgalign's HOLOTM AI digital health platform. "Receiving the initial clearance for the HOLO Portal system is a significant milestone and represents a critical step toward building the foundation of the digital surgery of the future. This system is designed to improve patient outcomes by delivering intelligent solutions to our customers, and we believe it is truly revolutionary," said Terry Rich, Surgalign's president and chief executive officer. "With clearance in hand for our guidance application, our near-term focus is getting the platform into the hands of surgeons as we work towards a market release. While the current capabilities of the HOLO Portal system have the potential to offer a quantum leap in the way surgical procedures are performed, we have a much larger vision for our HOLO AI digital health platform across a variety of healthcare specialties and throughout the care continuum."
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RWBYF | Hot Stocks07:13 EST Red White & Bloom Brands receives full licensing of Michigan cannabis facility - Red White & Bloom Brands has closed on a lease assignment for a 15,000 sq. ft. manufacturing/processing and distribution facility in Warren, Michigan and has been issued both Medical and Adult Use licenses. Operations at the facility commenced this week. RWB will immediately begin manufacturing medical and adult use cannabis products with all necessary equipment already installed and inspections completed. RWB Michigan will now begin to hire 30 full-time employees in the coming weeks, with intentions to grow the workforce in Warren to 50 in 2022. A wide variety of positions are available including many higher-paid, skilled positions ranging from frontline employees to PhDs specializing in product formulations.
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MQ | Hot Stocks07:12 EST Marqeta announces Suni Lobo as Chief Human Resources Officer - Marqeta announced the addition of Chief Human Resources Officer, Sunaina, Suni, Lobo as a key member of its executive team. Suni will be responsible for leading all areas of Marqeta's People, Places and Culture function globally. "Suni brings decades of experience leading best-in-class People teams to Marqeta. She has led transformative growth for global teams, focusing on building innovative and inclusive cultures and will be an invaluable asset to Marqeta and our growth," said Jason Gardner, Founder and CEO of Marqeta. "As we continue to mature as a company, Suni will have the skillset and leadership experience required to build, retain and grow an exceptional team and implement people-first processes that support our strong company culture."
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BLRX | Hot Stocks07:12 EST BioLineRx completes successful pre-NDA meeting with FDA for Motixafortide - BioLineRx announced that the company has completed a successful pre-New Drug Application meeting with the U.S. FDA regarding Motixafortide as a novel stem-cell mobilization agent for autologous bone marrow transplantation in multiple myeloma patients. The purpose of the meeting was to obtain agreement from the FDA on the content of the proposed NDA and, in particular, to confirm that the company's single Phase 3 pivotal study, GENESIS, is sufficient to support an NDA submission. During the pre-NDA meeting,the FDA agreed that the proposed data package is sufficient to support an NDA submission, which the company continues to anticipate will occur in H1 2022. "We are highly encouraged by the collaborative pre-NDA meeting that we held with the FDA, and having confirmed alignment with the agency, our NDA submission remains on track for the first half of this year," stated Philip Serlin, CEO of BioLineRx. "This successful meeting continues the positive momentum generated from the compelling results of our GENESIS Phase 3 study, which demonstrate a highly significant improvement over the current standard of care, alongside the positive results of the pharmacoeconomic study that we reported more recently. As a result, Motixafortide, if approved, has the potential to become the standard-of-care mobilization therapy for all multiple myeloma patients undergoing autologous stem cell transplantation, especially in light of new and more intense induction treatment regimens given to these patients, which make stem-cell mobilization more difficult than ever before," concluded Serlin.
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CLNN | Hot Stocks07:11 EST Clene's CNM-ZnAg completes 50% patient enrollment in COVID-19 trial - Clene along with its subsidiaries "Clene" and its wholly owned subsidiary Clene Nanomedicine announced it has enrolled more than 50% of the approximately 276 planned participants for its Phase 2 multicenter, randomized, double-blind, placebo-controlled study assessing the efficacy and safety of CNM-ZnAg in acutely symptomatic, non-hospitalized COVID-19 patients in Brazil. CNM-ZnAg is a proprietary zinc-silver ionic solution that has demonstrated both antiviral and antibacterial activity. Study participants are randomized 1:1:2 to receive either a low dose of CNM-ZnAg, a high dose of CNM-ZnAg or placebo in addition to standard supportive care. The primary endpoint of the study is the prevention of hospitalization up to day 28, with a key secondary endpoint assessing time to complete symptom resolution. Topline results are expected in 1H 2022.
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CGEN | Hot Stocks07:10 EST Compugen granted U.S. patent for COM701 antibody - Compugen has been granted a new patent by the USPTO covering method of use for COM701, Compugen's potential first-in-class therapeutic antibody targeting PVRIG, or back-up anti-PVRIG antibody, in triple combination with any anti-PD-1 and any anti-TIGIT antibody for the treatment of cancer. The patent augments previously issued patents by expanding and protecting the use of COM701 for treating cancer patients, to include the triplet combination of COM701 with any anti-PD-1 antibody and any anti-TIGIT antibody. The patent is expected to expire no earlier than August 2037 in the U.S.
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XERS | Hot Stocks07:10 EST Xeris Biopharma reports additional $30M from capital raise on balance sheet - Xeris Biopharma Holdings announced a business update and reaffirmed its 2021 pro forma net sales and year-end cash balance guidance. "We are proud to have ended 2021 on a strong note with continued growth of Gvoke and Keveyis, delivering net sales at the upper end of our guidance range, over $100M of cash, cash equivalents, and investments on the balance sheet, and the approval of our third commercial product, Recorlev. 2022 is off to a good start with an additional $30 million from the recent capital raise on our balance sheet and the near-term launch of Recorlev," said Paul R. Edick, Chairman and CEO of Xeris Biopharma. "Since the launch of Gvoke, we have persistently worked to make Gvoke accessible for as many people with diabetes as possible. There are over 6.8M people with diabetes on insulin at risk of a severe hypoglycemic event, and we think every one of them should have access to a ready-to-use product such as Gvoke. We are very pleased that a growing number of Medicaid lives now have unrestricted access to Gvoke," said Mr. Edick. These estimated financial results are preliminary and subject to further review by the Company and its external auditors. Xeris will report fourth quarter and full year 2021 actual financial results in March 2022. The Company also anticipates giving guidance for full-year 2022 net sales and cash runway at that time. Investors are cautioned not to place undue reliance on these preliminary and unaudited estimates in the event of material changes.
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KRYS | Hot Stocks07:10 EST Krystal Biotech appoints Marantz as Chief Business Officer, Sutherland to board - Krystal Biotech announced the appointments of Jing Marantz as Chief Business Officer and Rand Sutherland as a new member of the Board of Directors. In connection with her appointment as Chief Business Officer, Dr. Marantz will step down from the Krystal Board of Directors. Dr. Marantz has over 20 years of experience in the biopharmaceutical industry. She was recently Senior Vice President, Head of Medical Affairs at Acceleron Pharma. Dr. Sutherland was President of Translate Bio prior to its acquisition.
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KOR AU | Hot Stocks07:09 EST Corvus Gold, AngloGold Ashanti complete acquisition - AngloGold Ashanti (AU) and Corvus Gold Inc. (KOR) are pleased to announce the successful completion of the previously announced plan of arrangement under the Business Corporations Act between Corvus, 1323606 B.C. Unlimited Liability Company and AngloGold Ashanti Holdings. The Purchaser is an indirect wholly owned subsidiary of AngloGold Ashanti and the Guarantor is a direct wholly owned subsidiary of AngloGold Ashanti. Pursuant to the arrangement agreement, dated as of September 13, 2021, by and among Corvus, the Purchaser and the Guarantor, the Purchaser, among other things, acquired the remaining 80.5% of the outstanding common shares of Corvus not already owned by AngloGold Ashanti and its affiliates. As previously announced, the Arrangement was overwhelmingly approved by Corvus shareholders and optionholders at a special meeting held on January 6, 2022. On January 11, 2022, the Company obtained the final order from the Supreme Court of British Columbia approving the Arrangement. Under the terms of the Arrangement, shareholders of Corvus will receive C$4.10 in cash per Corvus Share. As previously announced, AngloGold Ashanti intends to cause the amalgamated entity to delist its shares from the Toronto Stock Exchange and has submitted applications to the relevant securities regulatory authorities in Canada to cease to be a reporting issuer. In connection with the closing of the Arrangement, in coordination with the Nasdaq Capital Market , a Form 25 relating to the delisting of the amalgamated entity's shares will be filed with the U.S. Securities and Exchange Commission on January 18, 2022 and trading in the amalgamated entity's shares will be suspended on the NASDAQ on January 18, 2022. The amalgamated entity expects the delisting of its shares to become effective 10 days following the filing, or January 28, 2022. The anticipated effective date may be delayed if the SEC postpones the effectiveness of the application to delist for other reasons. Concurrent with the delisting from Nasdaq, the amalgamated entity intends to file a Form 15 with the SEC to terminate the registration of its shares under the U.S. Securities Exchange Act of 1934, as amended and to suspend its reporting obligations with the SEC under the Exchange Act. The amalgamated entity expects that its obligation to file reports with the SEC will be suspended immediately upon the filing of the Form 15. The amalgamated entity reserves the right to delay the filing of the Form 25 or Form 15 or withdraw either form for any reason prior to its effectiveness.
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GAMB | Hot Stocks07:09 EST Gambling.com, McClatchy sign sports betting partnership - Gambling.com has entered into a media partnership with The McClatchy Company. By partnering with Gambling.com Group, McClatchy gains access to the group's proprietary data science platform, award winning sports betting content team and leading expertise in how to monetize online sports betting traffic. Gambling.com Group will help McClatchy leverage its audience reach and provide highly valuable content to capture and monetize valuable high-intent traffic. Among the newspapers and associated digital platforms in the McClatchy news group are the Miami Herald, the Fort Worth Star-Telegram, the Kansas City Star, the Charlotte Observer, the News and Observer (Raleigh, N.C.), the Lexington Herald-Leader and the Sacramento Bee.
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XPO | Hot Stocks07:07 EST XPO Logistics announces expansion LTL network with new terminals, shops - XPO Logistics announced the opening of two less-than-truckload, LTL, terminals to increase customer service capacity in its North American network. In addition, the company increased production capacity at its trailer manufacturing facility, and will open four more fleet maintenance shops this quarter. In the current quarter, XPO's LTL investments include: 26 new doors at a cross-dock terminal in Sheboygan, Wisconsin; 24 new doors at a cross-dock terminal in Texarkana, Arkansas; New fleet maintenance shops at terminals in Ohio, Florida, New York and Nevada; and Equipment upgrades to the company's LTL trailer manufacturing facility in Searcy, Arkansas, with the expectation of nearly doubling the year-over-year number of units produced in 2022. North American LTL Strategic Actions: Expand its North American LTL door count by 900 doors, or approximately 6%, by year-end 2023; Further improve network flow with targeted initiatives; Continue to implement accessorial charges for detained trailers, oversized freight and special handling; Expand the 2022 graduate count at its US driver training schools, approximately doubling the 2021 count; and Significantly increase the number of units produced at its trailer manufacturing facility.
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PCSV | Hot Stocks07:07 EST PCS Edventures!.COM announces Iowa STEM funding available for drone education - PCS Edventures!, announced that as of January 10 the Iowa Governor's STEM Advisory Council has begun accepting applications for educators to receive access to highly-vetted STEM programs, including its Ready, Set, Drone! program for upper elementary and middle school students. The Iowa STEM Scale-Up program is open to both formal and informal educators. Those who successfully apply for Ready, Set, Drone! will receive step-by-step lesson plans, drone equipment, a paid three-day professional development workshop and ongoing support from PCS Edventures.
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TAC | Hot Stocks07:07 EST TransAlta sees 2022 comparable EBITDA C$1.07B-C$1.19B - Sees 2022 comparable EBITDA range $1.065B-$1.185B, Free Cash Flow range $455M-$555M or FCF per share range of $1.68 to $2.05, sustaining capital range of $150M-$170M. "We are pleased to announce that our annual outlook highlights continuing strong cash flow expectations for 2022. Our fleet remains well positioned to capture the ongoing strength we see in the Alberta merchant market. We also remain focused on growth that creates value for our shareholders as we work to deliver on our 2 GW renewables growth target by 2025. In 2021, our team secured 600 MW of new renewables projects demonstrating our competitiveness and capability to deliver our growth strategy across all our geographies," said CEO John Kousinioris. "2022 marks our transition off coal in Canada. With the completion of all our coal-to-gas conversions, and with our renewables growth plan well underway, we have adopted a more ambitious target of 75 per cent emissions reduction over 2015 levels by 2026. We are also proud to be the first publicly-traded electricity company in Canada to commit to setting a science-based emissions reduction target. We are excited for another great year of execution and ESG performance for TransAlta."
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DGX | Hot Stocks07:07 EST Quest Diagnostics to acquire Pack Health, terms not disclosed - Quest Diagnostics announced that it has entered into a definitive agreement to acquire Pack Health in an all-cash equity transaction. Pack Health is a patient-engagement company that helps individuals adopt healthier behaviors to improve outcomes. Financial terms of the transaction were not disclosed. The parties expect to complete the transaction in the first quarter.
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BABYF | Hot Stocks07:06 EST Else Nutrition establishes manufacturing capacity in Oregon - ELSE NUTRITION HOLDINGS announced that is has signed an agreement to establish a specialized manufacturing site to process and prepare Else's proprietary specialized, demineralized buckwheat for its infant formula. The Company completed the development of its unique production process for the demineralized buckwheat and anticipates producing the first batch of specially processed buckwheat in Q1 2022. The new facility output will support the infant formula production expected during the first years. The buckwheat will be processed under the strictest quality controls and standards without the use of chemicals or solvents. Else's proprietary process uses all natural processes and maintains the natural chemical composition of the ingredient intact.
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ENDP | Hot Stocks07:05 EST Endo enters settlement to resolve all government-related opioid claims in FL - Endo announced that it and its wholly-owned subsidiaries Endo Pharmaceuticals Inc. and Endo Health Solutions Inc. have entered into a statewide settlement agreement intended to resolve all government-related opioid claims in Florida. The settlement, which is subject to certain conditions and contingencies, provides a framework through which Endo and its subsidiaries can fully and finally resolve the opioid-related claims of Florida and its subdivisions in exchange for a total payment of up to $65 million. The Florida settlement includes no admission of wrongdoing, fault or liability of any kind by Endo or its subsidiaries and resolves, among other things, claims against Endo's subsidiaries which were set for trial in Florida state court in April 2022: State of Florida, Office of the Attorney General, Department of Legal Affairs v. Purdue Pharma, L.P., et al. (Case No. 2018-CA-001438) (Fla. Cir. Ct. Pasco County). The settlement value should not be extrapolated to any other opioid-related cases or claims. The company is continuing to litigate opioid claims not covered by its settlements and to pursue settlements that it believes are in its best interests while remaining focused on its primary goal of achieving a global settlement. At the same time, Endo is exploring other strategic alternatives, and may seek to implement one or more of those alternatives in the event it is unable to achieve a global settlement. Endo cannot speculate on the likelihood, nature or timing of any outcome.
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ADMA | Hot Stocks07:04 EST ADMA Biologics receives FDA approval for fourth plasma collection center - ADMA Biologics announced that it has received U.S. Food and Drug Administration, FDA, approval for its fourth ADMA BioCenters plasma collection facility located in Goose Creek, South Carolina. In conjunction, the facility was issued a compliance certification from the International Quality Plasma Program, IQPP, confirming the center meets facility and donor criteria for IQPP Certification. This plasma collection facility commenced operations and initiated source plasma collection in the second quarter of 2021. With today's approval, this facility is now FDA-licensed to collect and introduce into interstate commerce, human source plasma for further manufacturing in the U.S. "ADMA is off to an excellent start to 2022 across its business segments, and the approval of the Goose Creek plasma collection center represents another regulatory milestone achievement as well as an important step in ADMA's ambitions to further secure raw material plasma supply," said Adam Grossman, President and Chief Executive Officer of ADMA.
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SMFR... | Hot Stocks07:04 EST Sema4 Holdings to acquire Opko Health's GeneDx for $623M - Sema4 (SMFR) and OPKO Health, Inc. (OPK) announced they have signed a definitive agreement for Sema4 to acquire OPKO's wholly owned subsidiary, GeneDx, from OPKO. The acquisition strengthens Sema4's leadership, growth, and scale for its market-leading health intelligence and genomic screening offerings. Together, Sema4 and GeneDx will be one of the largest and most advanced providers of genomic clinical testing in the U.S., with a projected $350M in pro forma 2022 revenue. Following completion of the acquisition, Sema4 will be optimally positioned to partner with health systems and biopharma companies to further transform the standard of care throughout the patient health journey. GeneDx's leadership in rare disease diagnostic and exome sequencing services brings more than 300,000 clinical exomes and over 2.1 million expertly annotated phenotypes to strengthen Sema4's 12 million de-identified clinical records for Centrellis, its proprietary health intelligence platform, and Traversa, its comprehensive genomic analysis platform for optimizing health screenings. Sema4 plans to leverage this combined health information database to transform patient care and therapeutic development and enable precision medicine for all. As part of the transaction, Sema4 has also announced that it has entered into definitive agreements for a $200M private placement of Sema4 Class A shares from a syndicate of institutional investors, including Pfizer. The acquisition and the private placement are expected to close concurrently in the second quarter of 2022, subject to a Sema4 stockholder vote and other conditions to closing set forth in the definitive Transaction documents. In conjunction with the Transaction, Jason Ryan, a member of Sema4's Board of Directors, former CFO of Foundation Medicine and most recently Chief Operating and Financial Officer of Magenta Therapeutics (MGTA), will assume the role of Executive Chair of Sema4's Board of Directors. Mr. Ryan has outstanding leadership experience in the life sciences and biotechnology sectors, and an impressive background in finance and scaling businesses. Mr. Ryan succeeds Joshua Ruch, who will continue to serve on Sema4's Board of Directors as the Chairperson of its Compensation Committee. Based on Sema4's closing stock price as of January 14, 2022, the purchase price is approximately $623M, including in total upfront cash, stock consideration, and contingent consideration upon commercial milestones. Under the terms of the agreement, Sema4 will acquire GeneDx for an upfront payment of $150 million in cash plus 80.0 million shares in Sema4, with up to an additional $150 million revenue-based milestones over the next two years. Based on the closing stock price of Sema4 as of January 14, 2022, the total upfront consideration represents approximately $473 million, and the total aggregate consideration including potential milestones is approximately $623 million. The acquisition, which has been unanimously approved by the Boards of Directors of both Sema4 and OPKO, is expected to close in the second quarter of 2022, subject to customary closing conditions including approval by the stockholders of Sema4. In connection with the acquisition, Sema4 has also entered into definitive agreements for a private placement financing to sell $200 million in Class A common stock at a price of $4.00 per share from a syndicate of institutional investors, including Pfizer.
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CASI | Hot Stocks07:03 EST Casi Pharmaceuticals: CNCT19 granted FDA Orphan Drug Designation - CASI Pharmaceuticals announced that the U.S. FDA has granted Orphan Drug Designation to its partner Juventas Cell Therapy Ltd, for CNCT19, an investigational CD-19 directed CAR-T therapy, for the treatment of patients with Acute Lymphoblastic Leukemia.
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HOOK | Hot Stocks07:03 EST Hookipa first patient dosed in Phase 2 trial of HB-200, fast track designation - HOOKIPA Pharma announced that the first patient has been dosed with HB-200 in combination with pembrolizumab for the treatment of 1st-line advanced/metastatic Human Papillomavirus 16 Positive squamous cell head and neck cancers, HNSCC, in a Phase 2 arm of the ongoing Phase 1/2 trial. In addition, the U.S. Food and Drug Administration, FDA, has granted Fast Track Designation to the Company's novel immunotherapy candidates, single-vector HB-201 and alternating 2-vector HB-202/HB-201, both in combination with pembrolizumab, for the treatment of 1st-line advanced/metastatic HPV16+ HNSCC. The Company reiterates its HB-200 program guidance as follows: Additional Phase 1 monotherapy data in mid-2022; Initial 1st-line data and post-standard of care data, both in combination with pembrolizumab, in 2H 2022; Initiation of the randomized 1st-line Phase 2 study in 1H 2023.
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SAH | Hot Stocks06:59 EST Sonic Automotive acquires Sun Chevrolet in Chittenango, NY - Sonic Automotive acquired Sun Chevrolet in Chittenango, New York. The dealership was founded by Joe Caputo in 1979, serving residents of Central New York with new and pre-owned vehicles through Sun Chevrolet and three Used Car King pre-owned dealership locations that were acquired by Sonic in December 2020.
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ME GSK | Hot Stocks06:56 EST 23andMe announces extension of GlaxoSmithKline collaboration - 23andMe (ME) provided an update on its collaboration with GlaxoSmithKline (GSK). GSK has elected to exercise its option to extend the exclusive target discovery period of the ongoing collaboration with 23andMe for an additional year to July 2023. 23andMe will receive a one-time payment of $50M to extend the period. In addition, 23andMe has elected to take a royalty option on its joint immuno-oncology antibody collaboration program with GSK targeting CD96 (GSK6097608, a.k.a. GSK'608), currently in Phase 1 studies. GSK will be solely responsible for GSK'608's subsequent development in later-stage clinical trials, including full development costs moving forward.
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NRXP | Hot Stocks06:54 EST NRx Pharmaceuticals expands Access and Right to Try programs for zyesami - NRx Pharmaceuticals announced enhancements to its Expanded Access and Right to Try programs. The programs enable patients with respiratory failure from COVID-19, who have tried all approved medicines, including remdesivir, and who are not able to participate in a clinical study, to receive zyesami upon a physician's prescription. Expanded production of zyesami will also support the ongoing ACTIV-3b trial conducted by the National Institutes of Health both in the US and Brazil. Zyesami is a peptide previously shown to be associated with a two-fold increased odds of survival at 60 days. The subgroup of patients who were treated with zyesami after remdesivir and other approved therapies demonstrated a 2.8-fold increased odds of recovering from respiratory failure by day 28, which was sustained to day 60, together with a four-fold increased odds of surviving to day 60. Adverse events included principally diarrhea and hypotension of patients. The NIH is currently studying zyesami as part of its ACTIV-3b trial, which has enrolled approximately two-thirds of patients and has not identified unexpected safety concerns.
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NRXP | Hot Stocks06:52 EST NRx Pharmaceuticals expandeds Access and Right to Try programs for zyesami - NRx Pharmaceuticals announced enhancements to its Expanded Access and Right to Try programs. The programs enable patients with respiratory failure from COVID-19, who have tried all approved medicines, including remdesivir, and who are not able to participate in a clinical study, to receive zyesami upon a physician's prescription. Expanded production of zyesami will also support the ongoing ACTIV-3b trial conducted by the National Institutes of Health both in the US and Brazil. Zyesami is a peptide previously shown to be associated with a two-fold increased odds of survival at 60 days. The subgroup of patients who were treated with zyesami after remdesivir and other approved therapies demonstrated a 2.8-fold increased odds of recovering from respiratory failure by day 28, which was sustained to day 60, together with a four-fold increased odds of surviving to day 60. Adverse events included principally diarrhea and hypotension of patients. The NIH is currently studying zyesami as part of its ACTIV-3b trial, which has enrolled approximately two-thirds of patients and has not identified unexpected safety concerns.
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TM | Hot Stocks06:52 EST Toyota expects to miss 2022 output goal due to parts shortage - Toyota said in a statement on Tuesday: "At Toyota, we have made repeated adjustments to our production plans due to a parts shortage resulting from the spread of COVID-19, causing various inconveniences to our customers and all parties concerned... Our global production plan in February 2022 is expected to be around 700,000 units. Current demand is very strong, therefore we were aiming for a high February production plan. However, due to the impact of the continuing demand for semiconductors across all industries, we have adjusted our production plan by around 150,000 units globally. As a result of the revision, the full-year production forecast for the fiscal year ending March 31, 2022 is expected to be lower than the previous forecast of 9 million units. With regards to the shortage of semiconductor-related parts, we will continue to examine the situation and consult with all companies involved in considering the use of substitutes where possible in anticipation of a continuing shortage. We will also continue to work with our suppliers in strengthening the supply chain and make every effort to deliver vehicles to our customers as soon as possible."
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EGRX | Hot Stocks06:51 EST Eagle Pharmaceuticals announces commercial availability of vasopressin - Eagle Pharmaceuticals announced the commercial availability of its recently approved product, vasopressin, an A-rated generic alternative to Vasostrict, with 180 days of marketing exclusivity. U.S. sales of Vasostrict totaled $890M for the LTM ended September 30, 2021. "The Eagle team has worked very hard to advance vasopressin for patients in need. We believe our highly experienced hospital and critical care sales force gives us a significant strategic advantage as we make inroads into this important market, and we have already entered into contracts with customers. With the 180-day period of marketing exclusivity, we believe we will deliver value to our shareholders and vasopressin will contribute meaningfully to Eagle's growth," stated Scott Tarriff, President and CEO of Eagle.
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IGT | Hot Stocks06:48 EST International Game completes Nevada regulatory approval for Resort Wallet - International Game announced that it completed the final stages of Nevada regulatory approval for its Resort Wallet module of the IGT Advantage casino management system. With this achievement, IGT's entire cashless gaming solution, which includes the option for one-step external funding via IGTPay on personal mobile devices, is approved for deployment throughout the State.
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SDGR | Hot Stocks06:47 EST Schrodinger acquires XTAL BioStructures for $6M - Schrodinger acquired XTAL BioStructures, a private company based in the Greater Boston area that provides structural biology services, including biophysical methods, protein production and purification, and X-ray crystallography, to the pharmaceutical and biotechnology industries. The acquisition of XTAL BioStructures enables Schrodinger to pursue scientific advancements in the field of structural biology, augment its ability to produce high quality target structures for its drug discovery programs, and expand its offerings to include a service that provides customers access to protein structures that have been computationally validated and are ready for structure-based virtual screening and lead optimization. Schrodinger and XTAL BioStructures closed the $6M all-cash acquisition on January 14, and XTAL BioStructures is now operating as part of Schrodinger. XTAL is headquartered in Natick, Massachusetts with 18 employees, and Schrodinger will continue to operate XTAL BioStructures' services at the current location.
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MRK | Hot Stocks06:46 EST Merck, Ridgeback announce supply agreement with UNICEF for molnupiravir - Merck and Ridgeback Biotherapeutics announced the signing of a long-term supply agreement with the United Nations Children's Fund to facilitate broad global access for molnupiravir, an investigational oral antiviral COVID-19 medicine. Under the agreement, Merck will allocate up to 3M courses of molnupiravir to UNICEF throughout the first half of 2022 for distribution in more than 100 low- and middle-income countries following regulatory authorizations. Merck is developing molnupiravir in collaboration with Ridgeback Biotherapeutics and it has been authorized for use in more than 10 countries, including in the United States, United Kingdom, Japan and Taiwan.
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JD SHOP | Hot Stocks06:45 EST JD.com, Shopify enter strategic partnership for cross-border e-commerce - JD.com (JD) and Shopify (SHOP) announced that they "have come together to create a strategic partnership to give independent brands in the US a simple, trusted way to access consumers in China, while simultaneously enabling Shopify merchants worldwide to access JD's quality supplier network," the companies said. The partnership will link Shopify's merchants worldwide with JD.com's 550M active customers in China. With this collaboration, JD.com will open an accelerated channel for brands on Shopify to list products through JD Worldwide. Compared to the 12 months typically required for international brands to begin selling in China, JD's streamlined channel allows Shopify brands to get started in 3-4 weeks. Translation and price conversion services will be provided. In addition, JD.com's supply chain network also provides end-to-end fulfillment service from the US to China. "Additionally, JD.com and Shopify will collaborate to simplify access and compliance for Chinese brands and merchants looking to reach consumers in Western markets," the companies said. JD will support Chinese brands to set up their DTC channels through Shopify, and enable Shopify merchants worldwide to access JD's supplier network through the JD Sourcing platform.
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LTRN | Hot Stocks06:39 EST Lantern Pharma announces collaboration, research agreement with DCRC - Lantern Pharma announced a collaboration and research agreement with The Danish Cancer Society Research Center, or DCRC, to support clinical development of Lantern's acylfulvene class drug candidates, LP-100 and LP-184, as well as the development of improved diagnostic methods to identify nucleotide excision repair, or NER, deficient tumors. LP-100 and LP-184 have both shown synthetically lethal impact in tumors that are lacking NER capabilities. The DCRC is a cancer research institute within the Danish Cancer Society. The Danish Cancer Society is Denmark's largest non-government organization and dedicates more than 60% of its budget to research, with the remainder shared between prevention and patient support initiatives. Lantern expects the data, genomic signatures and biological models generated from this collaboration to add millions of data points to RADR and help accelerate the development of new indications for LP-100 and LP-184.
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CLR CHK | Hot Stocks06:37 EST Continental Resources COO Jack Stark to retire, Doug Lawler to succeed - Continental Resources (CLR) announced upcoming organizational changes. Jack Stark, the company's president and COO, has announced his intention to retire by late Spring 2022. Upon retirement, Jack will transition into a part-time consulting role as a senior advisor to the company's CEO, Bill Berry, who will become the president and CEO. Additionally, Doug Lawler has been named COO and executive VP, effective February 1. Doug has spent over three decades in the oil and gas industry. Most recently, Doug was president and CEO of Chesapeake Energy (CHK) from 2013 to 2021.
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EGO | Hot Stocks06:33 EST Eldorado Gold sees 2022 gold production 460,000-490,000 ounces - Eldorado Gold provided detailed 2022 production guidance. Highlights: 2022 gold production is expected to be between 460,000-490,000 ounces. Mid-point of 2022 gold production is 30,000 ounces or 7% higher compared to the previous 2022 guidance provided in January 2021, due primarily to increased mining rates at Lamaque, increased recovery rates at Kisladag, and increased throughput and higher grades at Olympias. Mid-point of annual gold production has increased on average by approximately 4% or 21,250 ounces per year for 2022 to 2025, compared to guidance provided in January 2021 for the same period. Quarter-to-quarter gold production in 2022 is expected to fluctuate during the year, with lower production expected in the first quarter at Kisladag from construction and ramp-up of the new high-pressure grinding rolls circuit and lower grades expected at Lamaque during the second and third quarters.
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F | Hot Stocks06:15 EST Ford signs five-year payments deal with Stripe - Ford Motor Company and Stripe have signed a five-year agreement, with Stripe as a premier payment service provider for Ford and its dealers across North America and Europe. "We have been working with Ford to reimagine our e-commerce payment infrastructure. Stripe's platform will help us deliver simpler, outstanding payment experiences in any channel customers choose and scale improvements faster," said Marion Harris, Ford Motor Credit Company CEO. Together, Stripe and Ford will grow the online payments infrastructure serving customers and dealers in markets across North America and Europe, the companies said in a statement, adding that their work will deliver enhanced, reliable online commerce experiences for users, dealers and the company. Stripe also will enable Ford Pro FinSimple solutions for commercial customers. "As part of the Ford+ plan for growth and value creation, we are making strategic decisions about where to bring in providers with robust expertise and where to build the differentiated, always-on experiences our customers will value," Harris said. "Stripe has developed strong expertise in user experiences that will help provide easy, intuitive and secure payment processes for our customers."
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RYAM | Hot Stocks06:13 EST Rayonier Advanced Materials investing in second generation bioethanol plant - Rayonier Advanced Materials is introducing a second generation bioethanol product for Europe's biofuels market. Produced using wood-based feedstock, not in competition with food, RYAM will be among the first in France to produce 2G bioethanol fuel from wood. With a 90% smaller carbon footprint compared to fossil fuel-based gasoline, RYAM's bioethanol product will aim to help petrochemical companies meet their need for clean and renewable energy in the European market and contribute to reduced climate change. Rayonier Advanced Materials' biorefinery model captures residual sugars from its existing pulp process and converts the sugars into 2G bioethanol. Designed to produce up to 21 million liters of bioethanol, construction on RYAM's 2G production facility is scheduled to begin in the spring of 2022 with commercial sales targeted for the summer of 2023. RYAM has entered into a long-term off-take sales agreement with a large international petrochemicals company to purchase the 2G bioethanol and expects to finance a significant portion of its investment with low-cost green loans.
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EWCZ | Hot Stocks06:10 EST European Wax Center COO David Willis appointed CFO - European Wax Center COO David Willis has been appointed CFO. He will succeed Jennifer Vanderveldt, who is stepping down from the company to pursue other opportunities, effective immediately. Willis will retain his role as COO. David Willis served as European Wax Center's CFO from July 2016 until December 2020. He was appointed COO in September 2019, serving in both roles concurrently until Vanderveldt joined the company in 2020. Prior to joining the company, Willis served as an Operating Partner for Riata Capital Group, LLC from October 2014 to July 2016.
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TRU | Hot Stocks06:09 EST TransUnion Canada launches TruValidate Identity Exchange - TransUnion Canada unveiled the launch of its TruValidate Identity Exchange solution, which builds trust between businesses and consumers by delivering the ability to assess identity risk against a broad set of data to help guard against fraudulent interactions, improve customer experiences and enable profitable growth. Identity Exchange leverages a newly created fraud-specific score and attributes that provide predictive real-time analytics driven by sophisticated, multi-level ensemble modeling. By mining a diverse set of data assets, including trended credit bureau data, fraud flags, as well as application and consortium fraud data, Identity Exchange produces one score that reflects a consumer's level of identity fraud risk. This enables fraud capture among segments of consumers that are often challenging for traditional fraud mitigation products, such as new-to-credit or new-to-country consumers.
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DVA | Hot Stocks06:08 EST DaVita acquires MedSleuth, terms undisclosed - DaVita announced its acquisition of transplant software company MedSleuth. Working with transplant centers across the U.S., MedSleuth aims to create greater connectivity among transplant candidates, transplant centers, physicians and care teams to help improve the experience and outcomes for kidney and liver transplant patients. CEO James Kalamas will continue to lead the business, which will operate as a wholly-owned subsidiary of DaVita Inc.
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GENI | Hot Stocks06:06 EST Genius Sports secures major expansion of long-term partnership with bet365 - Genius Sports has secured a major expansion of its long-term partnership with bet365. As one of the first sportsbooks to implement Genius Sports' live streaming service, bet365 has now agreed to a major uplift in the company's premium video content including low latency broadcasts from several top tier global soccer competitions and the NFL to bet365 customers outside the U.S. Genius Sports' expanded streaming solution will deliver unique new content to help enhance bet placement and customer retention for bet365. All streaming content will be combined with Genius Sports' leading portfolio of official data across thousands of events per year, including UK football and the NFL. This includes access to the fastest, most accurate data on the English Premier League as well as the NFL's real-time statistics through its proprietary Next Gen Stats. To further enhance bet365's marketing and player engagement strategy, Genius Sports will deliver its official data-driven marketing campaigns, driving deeper engagement and lower cost of acquisition across display, video and connected TV.
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KSS | Hot Stocks06:04 EST Macellum urges Kohl's to make board changes, explore sale - Macellum Advisors GP, which holds nearly 5% of the outstanding common shares of Kohl's, issued an open letter to its fellow shareholders to convey the following: "It was another lost year at Kohl's. We believe the company's Board of Directors and executive leadership team have spent another year materially mismanaging the business and failing to implement necessary operational, financial and strategic improvements - contributing to a 22% share price decline from the point in which we settled with Kohl's for two director designees in April 2021.1 The Board appears unwilling to address the drivers of long-term underperformance. We question how the Board could reject our recent offers to collaborate on a meaningful director refresh that would add retail sector expertise and shareholder perspectives to the boardroom, particularly in light of the company's continued underperformance. We plan to nominate a slate of director candidates if the status quo persists. We intend to nominate a slate of highly-qualified and independent candidates for election at the 2022 Annual Meeting of Shareholders unless the Board decides to collaborate with us on a director refresh and promptly implement changes to improve operational execution and optimize the balance sheet. Even using a historically low PE multiple of ~7x-8x, our analysis indicates a properly optimized balance sheet (e.g. by monetizing $4 billion of its real estate and returning the proceeds to shareholders through a buy-back program) could translate to at least $100 per share. If the Board is unwilling to pursue improvements, it should explore strategic alternatives. We believe there are well-capitalized strategic and financial buyers that could pay a meaningful premium to acquire Kohl's. We also see value-creation potential in separating the Company's ecommerce and brick-and-mortar businesses. In the event the Board wants to continue rejecting our thoughtful suggestions, it should retain qualified advisors to support an objective evaluation of these options as well as any offers for the company that have been made to date."
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MBWM | Hot Stocks06:03 EST Mercantile Bank increases quarterly cash dividend over 3% to 31c per share - Mercantile Bank announced that its board of directors declared a regular quarterly cash dividend of 31c per common share, payable on March 16 to holders of record as of March 4. The 31c cash dividend represents an increase of over 3% from the 30c regular cash dividend paid during Q4.
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BDSX | Hot Stocks06:03 EST Biodesix launches GeneStrat NGS test and IQLung Testing Strategy - Biodesix announced the national launch of its new GeneStrat NGS genomic test, a blood-based tumor profiling test. The 52-gene panel includes guideline recommended mutations to help physicians treating advanced- stage lung cancer patients identify targeted therapy mutations and delivers them in an expedited timeframe so patient treatment can begin sooner. The GeneStrat NGS test is paired with variant interpretation technology connected to a knowledge database developed by PierianDx. Physicians will now receive a streamlined report, including genomic insights for more precise patient care in a 72-hour turnaround time. The GeneStrat NGS test is paid by Medicare. The company also announced the launch of its new IQLung Treatment Guidance Testing Strategy, which includes the new GeneStrat NGS and a broader view of each patient's disease state. The testing strategy also includes blood-based proteomic and genomic testing workflows for both early and advanced stage lung cancer that can aid physicians in making treatment decisions. Biodesix plans to add additional tests in development to their IQLung portfolio.
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KBR | Hot Stocks06:02 EST KBR awarded engineering services contract for project in Oklahoma - KBR announced it has been awarded an engineering services contract by Woodside Energy for its proposed H2OK liquid hydrogen production facility project in Ardmore, Oklahoma. Under the terms of the contract, KBR will provide a front-end engineering design for Woodside's H2OK liquid hydrogen facility. Cryogenic liquid hydrogen is used in the transportation industry as a fuel for fleets where the combustion of liquid hydrogen produces zero-emissions, with water as the only by-product.
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HGEN | Hot Stocks05:57 EST Humanigen announces publication in Journal of Medical Economics - Humanigen announced a peer-reviewed publication in the Journal of Medical Economics citing the clinical and associated health economic benefits of lenzilumab. The publication demonstrated, in all cases, lenzilumab plus SOC improved all specified clinical outcomes compared with SOC alone. Lenzilumab plus SOC, resulted in an estimated cost savings of $13,190 per patient in those receiving remdesivir with baseline C-Reactive Protein, or CRP, levels less than150 mg/L, and aged less than 85 years, the primary analysis population in the fully enrolled ACTIV-5/BET-B study. In other subpopulations, per-patient savings were also observed, including those aged less than85 years with baseline CRP less than150mg/L with or without remdesivir and within the subpopulation of Black/African American patients with baseline CRP less than150mg/L. The company said, "This peer-reviewed publication highlights the significant costs of treating hospitalized COVID-19 patients and the economic benefits of potentially improving survival without ventilation, ventilator use, time to recovery, mortality, time in the ICU, and time to invasive mechanical ventilation, which may be associated with adding lenzilumab to standard of care from the US hospital perspective."
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SNDA | Hot Stocks05:41 EST Sonida Senior Living announces December occupancy - Sonida Senior Living announced its December 2021 occupancy. December average occupancy increased 40 bps sequentially in a typically slow seasonal period, from November 2021 to 81.6%, its highest point in 2021. Year-over-year average monthly occupancy increased 500 bps compared to 76.6% in December of 2020. For Q4, average occupancy increased sequentially 31.25 bps to 81.3% as compared to the third quarter. Year-over-year quarterly average occupancy grew 392 bps compared to the fourth quarter 2020. "We are pleased with the Company's continued occupancy growth and solid finish to 2021," said Kimberly Lody, president and CEO. "We remain diligent in our activities to keep residents and employees safe from COVID-19 while staying laser focused on continuous and sustainable improvement in the fundamentals of the business."
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IONS RHHBY | Hot Stocks05:36 EST Ionis Pharmaceuticals partner Roche to design new tominersen trial - Ionis Pharmaceuticals (IONS) announced that its partner, Roche (RHHBY), is designing a new Phase 2 trial to evaluate tominersen in Huntington's disease, or HD. After halting dosing in the Phase 3 GENERATION HD1 study, exploratory post-hoc analyses suggest tominersen may benefit younger adult patients with lower disease burden. These results require confirmation in a randomized, placebo-controlled study. Roche is in the early stages of designing the Phase 2 clinical trial to explore different doses of tominersen in a younger adult patient population with less disease burden. Roche will share further details about the design of the new Phase 2 trial at future scientific meetings. Beginning with the scientific community on January 20, Roche will participate in a series of webinars to discuss the findings from their post-hoc analysis of the GENERATION HD1 study data and next steps for the tominersen program.
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MOLN NVS | Hot Stocks05:33 EST Molecular Partners, Novartis enter ensovibep license agreement - Molecular Partners (MOLN) announced that Molecular Partners and Novartis (NVS) have entered into a license agreement under which Novartis will in-license global rights to ensovibep from Molecular Partners. Ensovibep is a DARPin antiviral therapeutic candidate to treat COVID-19, which recently reported positive topline data from the Phase 2 EMPATHY clinical study. The finalization of this agreement triggers a milestone payment of CHF 150M to Molecular Partners. Under the license agreement, Molecular Partners will be eligible to receive a 22% royalty on sales in commercial countries, having agreed to forgo royalties in lower income countries and is aligned with Novartis' plans to ensure affordability based on countries' needs and capabilities.
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BEST | Hot Stocks05:31 EST Best Inc. receives noncompliance notification from NYSE - Best Inc. announced that it received a letter from the NYSE notifying the company that it was not in compliance with applicable price criteria in the NYSE's continued listing standards because, as of January 4, the average closing price of the company's American depositary shares was less than $1.00 per ADS over a consecutive 30 trading-day period.
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KOS | Hot Stocks05:29 EST Kosmos completes drilling of Winterfell-2 appraisal well - Kosmos announced completion of the drilling of the Winterfell-2 appraisal well on Block 943 in the Green Canyon area of the U.S. Gulf of Mexico. The Winterfell-2 well was drilled to evaluate the adjacent fault block to the northwest of the original Winterfell discovery and was designed to test two horizons that were oil bearing in the Winterfell-1 well, with an exploration tail into a deeper horizon. The well discovered approximately 40 meters of net oil pay in the first and second horizons with better oil saturation and porosity than pre-drill expectations. The exploration tail has discovered an additional oil-bearing horizon in a deeper reservoir which is also prospective in the blocks immediately to the north. The results of this appraisal well further define the resource potential in the central Winterfell area, with the current estimate around 100M barrels gross. Separately, Kosmos has farmed down an interest in the two blocks immediately to the north of the Winterfell discovery to the owners of the central Winterfell discovery in exchange for cash consideration and the retention of an overriding royalty interest. Kosmos will retain a 35% working interest in the two blocks, which have been significantly de-risked following the results of the Winterfell-1 and Winterfell-2 wells. The Winterfell complex is located within tie back distance to several existing and planned host facilities and the partnership is working to define the development plan.
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BRAG | Hot Stocks05:26 EST Bragg Gaming announces Oryx Gaming secures Casino Interlaken deal - Oryx Gaming, a Bragg Gaming company, has secured an agreement to supply its range of exclusive slots to Swiss operator Casino Interlaken, marking the iGaming supplier's expansion in the market. The deal provides players at Casino Interlaken's online brand, StarVegas.ch, with access to Oryx's proprietary slots library as well as its selection of exclusive RGS content from providers including Gamomat, Golden Hero, Kalamba Games, Giveme Games and Peter & Sons.
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OG | Hot Stocks05:24 EST Onion Global surpasses RMB 100M in GMV during 2022 shopping festival - Onion Global announced that it reached RMB 100M in GMV during its 2022 New Year's Shopping Festival. The New Year promotion ran under the theme of "New Year, New Shopping" and was designed to specifically cater to the consumption needs for the upcoming Spring Festival. The thirteen-day, one-stop, online promotion started its pre-sale on December 24, 2021, and officially ran between December 29, 2021, and January 6. During the period, the company offered consumers a wide range of products. Additionally, the total number of orders exceeded 300,000 and more than 7M views on O'Mall within the first 24 hours after the festival officially started on December 29, 2021.
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NMRK | Hot Stocks05:21 EST Newmark signs agreement with VLK Consulting, to rebrand as Newmark VLK Hungary - Newmark announced an agreement with Budapest-based VLK Consulting, which will become Newmark VLK Hungary. The announcement follows a recent agreement with a Polish commercial real estate firm operating as Newmark Polska.
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ADCT | Hot Stocks05:18 EST ADC Therapeutics enters exclusive Zynlonta license agreement with MTPC - ADC Therapeutics announced it has entered an exclusive license agreement with Mitsubishi Tanabe Pharma, or MTPC, for the development and commercialization of Zynlonta for all hematologic and solid tumor indications in Japan. Under the terms of the agreement, ADC Therapeutics will receive an upfront payment of $30M and up to an additional $205M in milestones if certain development and commercial events are achieved. ADC Therapeutics will also receive royalties ranging in percentage from the high teens to the low twenties based on net sales of the product in Japan. MTPC will conduct clinical studies of Zynlonta in Japan and will have the right to participate in any global clinical studies of the product by bearing a portion of the costs of the study.
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FSM | Hot Stocks05:13 EST Fortuna Silver Mines sees FY21 gold production 244,000-280,000 ounces - Sees FY21 silver production 6.2M-6.9M ounces. Sees FY21 gold equivalent production 326,000-371,000 ounces.
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FSM | Hot Stocks05:11 EST Fortuna Silver produces 1.98M ounces of silver, 76,162 ounces of gold in Q4
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FSM | Hot Stocks05:10 EST Fortuna Silver produces 7.5M ounces of silver, 207,192 ounces of gold in FY21 - Fortuna Silver Mines reports production results for Q4 and FY21 from its four operating mines in the Americas and West Africa: the Lindero Mine in Argentina, the San Jose Mine in Mexico, the Caylloma Mine in Peru, and the Yaramoko Mine in Burkina Faso. For the full year 2021, the company produced 207,192 ounces of gold and 7,498,701 ounces of silver or 305,859 gold equivalent ounces.
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