Stockwinners Market Radar for January 19, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
BLDE | Hot Stocks20:07 EST Cathie Wood's ARK Investment bought 193.5K shares of Blade Air Mobility today
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VLD | Hot Stocks20:06 EST Cathie Wood's ARK Investment bought 238.6K shares of Velo3D today
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OLN | Hot Stocks20:04 EST Olin announces reduction of bleach capacity - Olin announced that it will discontinue bleach manufacturing at its Tracy, CA facility by June 30, 2022.
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WISA | Hot Stocks20:04 EST Summit Wireless's WISA to partner with Realtek on new audio module - WiSA, LLC, a wholly-owned subsidiary of Summit Wireless, "will integrate WiSA's multichannel spatial audio capabilities into Realtek's 5GHz IoT chip feature set. The partnership will culminate in a cost-effective IoT module capable of delivering uncompressed, high-definition spatial audio streams for an unparalled immersive audio experience."
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HCM | Hot Stocks19:01 EST Hutchmed initiates Phase I trial of HMPL-653 in China - Hutchmed announced that it has initiated a Phase I trial in China of HMPL-653, an investigational novel, highly selective, and potent colony-stimulating factor 1 receptor inhibitor. The first patient received their first dose on January 18, 2022. The Phase I trial is a multicenter, open-label, single-arm study to evaluate the safety, tolerability, pharmacokinetics and preliminary efficacy of HMPL-653 in the treatment of patients with advanced or metastatic solid tumors and tenosynovial giant cell tumors. Approximately 110 patients are expected to be enrolled in the dose escalation and expansion phase of this study. The primary endpoints are dose limiting toxicity, safety, tolerability, recommended phase II dose and maximum tolerated dose. The secondary endpoints include pharmacokinetics, objective response rate, progression free survival, disease control rate, and overall survival. The lead principal investigator is Dr Cheng Ying of the Jilin Cancer Hospital, which is the lead institution for this study.
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NVAX | Hot Stocks18:25 EST Australia TGA grants provisional registration for Novavax COVID-19 vaccine - Novavax announced that Australia's Therapeutic Goods Administration has granted approval for provisional registration of NVX-CoV2373, Novavax' COVID-19 vaccine, for active immunization to prevent coronavirus disease 2019 (COVID-19) caused by SARS-CoV-2 in individuals 18 years of age and older. The vaccine will be supplied to Australia under the brand name Nuvaxovid.
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SOFI | Hot Stocks18:23 EST SoFi Technologies CEO: Our goal is to be a one-stop shop for all financial needs - In an interview on CNBC's Mad Money, Anthony Noto said getting regulatory approval to become national bank was a "huge milestone" for SoFi. The company can give more back to the consumer since its cost base is lower, he noted. It will be able to offer more loans at lower interest rates with the new bank charter. He added that SoFi is "absolutely going after" legacy bank accounts connected to the FDIC.
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RBLX | Hot Stocks18:04 EST Roblox Chief Business Officer sells $3.39M in common stock - In a regulatory filing, Roblox disclosed that its Chief Business Officer Craig Donato sold 42.5K shares of common stock on January 19th in a total transaction size of $3.39M.
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YALA | Hot Stocks18:02 EST Yalla announces dismissal of securities class action lawsuit - Yalla Group announced that the lead plaintiffs in a securities class action lawsuit against the company and its CEO voluntarily dismissed the lawsuit on January 12, which marks a successful and final conclusion of the lawsuit for the company. The lawsuit arose from certain short-seller reports issued in May 2021 that contained numerous errors as well as distorted, misleading and unsubstantiated claims regarding the company. While the company publicly refuted the claims in the short-seller reports, a putative securities class action lawsuit was filed against the company and its CEO in the United States based on the claims in the short-seller reports, claiming that the company had violated U.S. securities laws. The U.S. court presiding over this lawsuit ordered the lead plaintiffs and their attorneys to file an amended complaint by January 7. After several months of preparation, the lead plaintiffs and their attorneys failed to file an amended complaint by the deadline set by the court. Instead, the lead plaintiffs and their attorneys elected not to further pursue this lawsuit and voluntarily dismissed the lawsuit on January 12, agreeing to bear their own litigation costs. Lead plaintiffs are barred from refiling the same claims. The voluntary dismissal equally applies to all claims asserted against the company's CEO, who was named a co-defendant in the lawsuit. The court approved the lead plaintiffs' voluntary dismissal on January 13, and the lawsuit is terminated. Throughout the process, the company maintained that the lawsuit had no factual basis. The company believes the decision of the lead plaintiffs and their attorneys to voluntarily dismiss all of their claims after several months of preparation supports the company's position that claims in the short-seller reports are groundless.
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XENE | Hot Stocks17:58 EST Xenon Pharmaceuticals' flunarizine granted FDA orphan designation - According to a post on the FDA's website, Xenon Pharmaceuticals' treatment of juvenile absence epilepsy, flunarizine, was granted orphan designation. Reference Link
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OMER | Hot Stocks17:54 EST Omeros submits response to FDA on narsoplimab BLA - Omeros submitted to the FDA earlier this month its response to the Agency's Complete Response Letter for narsoplimab in the treatment of hematopoietic stem cell transplant-associated thrombotic microangiopathy. The response comprises a comprehensive briefing package drafted in close collaboration with external clinical, regulatory and legal experts that addresses in detail the points raised by FDA in its CRL for narsoplimab. Omeros concurrently requested a Type A meeting with FDA to resolve any outstanding items. Narsoplimab is the first drug candidate submitted to FDA for approval in HSCT-TMA. It has Breakthrough Therapy and Orphan designations in both HSCT-TMA and IgA nephropathy.
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DDOG | Hot Stocks17:41 EST Datadog names Sean Walters as Chief Revenue Officer - Datadog announced the appointments of Sean Walters as Chief Revenue Officer and Kerry Acocella as General Counsel, effective immediately. Acocella succeeds Laszlo Kopits, who is retiring after four years as General Counsel.
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ALRS | Hot Stocks17:33 EST Alerus Financial boosts dividend 6.7% to 16c per share - Alerus Financial announced that its board of directors declared a regular quarterly cash dividend of 16c per common share, a 6.7% increase over the dividend paid a year ago. The dividend is payable on April 8, to shareholders of record as of close of business on March 18.
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PFE | Hot Stocks17:25 EST Pfizer awarded $2.05B Army contract modification for more COVID-19 vaccine doses - Pfizer was awarded a $2.05B modification to a contract for an additional 300M doses of COVID-19 vaccine for international donation to low and low-middle income countries. Work will be performed in New York, New York, with an estimated completion date of September 30. FY21 Coronavirus Response and Relief Supplemental Appropriations Act funds in the amount of $2.05B were obligated at the time of the award. U.S. Army Contracting Command is the contracting activity.
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PSN | Hot Stocks17:03 EST Parsons awarded $11M contract by DARPA for ground operations center - Parsons was awarded an $11M sole-source contract in December 2021, to plan, standup, and demonstrate a prototype ground operations center in support of Defense Advanced Research Project Agency's - DARPA - Blackjack flight demonstration activities. The new contract is a follow-on to a phase II small business innovation research contract won by Braxton Technologies prior to Parsons' 2020 acquisition of the software company. Parsons will develop and demonstrate the ground operations center plan, perform mission planning, execute flight operations, and design and configure the operations facility to support satellite demo mission operations, including orbit monitoring, maneuvering, vehicle health and status, and other flight operations requirements. The company will also deliver end-to-end network connectivity between the GOC and commercial ground station providers, enabling global coverage for the Blackjack mission.
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MCRB | Hot Stocks17:02 EST Seres Therapeutics says NEJM publishes data from ECOSPOR III Phase 3 study - Seres Therapeutics announced the publication in the New England Journal of Medicine of data from its Phase 3 ECOSPOR III study evaluating SER-109, an investigational oral microbiome therapeutic for the treatment of recurrent C. difficile infection. The publication highlights data that found SER-109 to be superior to placebo in reducing CDI recurrence, with 88% of SER-109 patients achieving a sustained clinical response compared to 60% on placebo. SER-109 was also found to be well tolerated, with a side effect profile comparable to placebo and no serious drug-related adverse events observed. Seres expects to finalize a BLA submission for SER-109 with the U.S. Food and Drug Administration in mid-2022. "The publication of these data in the New England Journal of Medicine underscores the potential of SER-109 and its ability to provide safe, effective treatment to prevent recurrent C. difficile infection - of which there are 170,000 annual cases in the U.S.," said Lisa von Moltke, M.D., Chief Medical Officer at Seres. "These robust findings reinforce our belief that microbiome therapeutics have the potential to transform the way we treat serious diseases and help maximize opportunities in infection prevention based upon the proven mechanism of SER-109."
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BRK.A BRK.B | Hot Stocks16:57 EST Warren Buffett's MidAmerican Energy discloses $3.9B Iowa wind and solar plans - MidAmerican Energy announced plans for a $3.9B renewable energy project in Iowa, including wind and solar generation, and the exploration of new technologies to advance the company's transition to net-zero greenhouse gas emissions. In a filing with the Iowa Utilities Board, MidAmerican's proposed project, called Wind PRIME, would add 2,042 megawatts of wind generation and 50 megawatts of solar generation. The company also proposed conducting feasibility studies focused on other clean generation technologies, including carbon capture, energy storage and small modular nuclear reactors....MidAmerican Energy, a subsidiary of Warren Buffett's Berkshire Hathaway Energy, is headquartered in Des Moines, Iowa. Reference Link
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MRKR | Hot Stocks16:51 EST Marker Therapeutics confirms FDA Orphan Drug designation of MT-601 - Marker Therapeutics announced that the United States FDA Office of Orphan Products Development has granted Orphan Drug designation to MT-601, a multi-tumor-associated antigen-specific T cell product optimized for the treatment of patients with pancreatic cancer.
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OFLX | Hot Stocks16:49 EST Omega Flex names Dean Rivest president - Omega Flex announced that it has evaluated the future short- and long-term needs for the success of its business at the senior levels of the organization. Dean W. Rivest has been appointed as President of the company, reporting directly to Mark F. Albino, who has retained the position of chief operating officer of the company. Edwin B. Moran has been appointed as Executive Vice President of Sales, including all industrial and commercial products, reporting to Mr. Rivest. Matthew F. Unger has been appointed as Vice President - Finance and Chief Financial Officer, reporting to Mr. Rivest. Kevin R. Hoben, Chairman and CEO of the company, stated "This segregation of duties at the highest executive level in the organization allows Omega Flex to laser focus on the most critical short-term needs currently challenging our business while positioning the Company for continued success in achieving its long-term goals."
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EVA | Hot Stocks16:47 EST Enviva Partners to double production capacity over next five years - In response to the increasing pace and scale of commercial progress, Enviva is accelerating its plans to double its production capacity over the next five years, from 6.2M metric tons per year, or MTPY, to approximately 13M MTPY. To capitalize on this momentum, Enviva is broadening and deepening its development capabilities and leveraging relationships with key equipment suppliers and construction partners to enable it to build and commission two plants per year, up from its historical rate of one plant per year. Enviva plans to continue utilizing its "build and copy" approach to plant design while increasing the nameplate production capacity of its new plants to approximately 1.1M MTPY, up roughly 45% from the previous standard of 750,000 MTPY. Consistent with prior updates, the company expects Enviva's previously announced "Multi-Plant Expansions" to be completed by year-end 2022. Enviva also expects its plant in Lucedale, Mississippi, which is the first plant in its Pascagoula cluster, to ramp production throughout 2022, exiting the year at its designed run-rate of 750,000 MTPY. Additionally, in the first half of 2022, the company plans to commence construction of the fully contracted plant in Epes, Alabama, the second plant in the Pascagoula cluster. Our business model of fully contracting plants before commencing construction remains unchanged. Given the current pace of contracting with customers, Enviva plans to accelerate the construction of a third wood pellet production plant in its Pascagoula cluster in 2023, along with other proposed plants in the Savannah and mid-Atlantic regions. Additionally, the company plans to commence and complete the fully-permitted 300,000 MTPY expansion of our Lucedale plant during 2023, which will increase its nameplate production capacity from the current 750,000 MTPY to approximately 1M MTPY. In 2024, the company plans to place both the proposed third and fourth Pascagoula cluster plants in service and begin construction on two additional plants expected to be located in our Savannah, Georgia and Wilmington, North Carolina clusters. In 2025, the company expects all of our Pascagoula cluster plants will be operating at their full run-rate, in addition to having the new Savannah cluster plant in service. The company expects construction of our proposed Wilmington cluster plant and Chesapeake cluster plant to be underway. In 2026, the company expects to have both proposed Wilmington and Chesapeake plants in service, with the proposed Savannah plant and Lucedale expansion ramping to full run-rate by the end of the year. In total, the company plans to place six plants in service over the next five years and expect that the construction and commissioning of new plants with a nameplate capacity of 1.1M MTPY will take up to 18 months, on average, and cost between $200M and $250M, with total capital expenditures spanning nine quarters. Each plant is designed to run 24 hours a day, seven days a week, for an average of 350 days per year when accounting for scheduled maintenance days.
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EVA | Hot Stocks16:43 EST Enviva Partners signs MOU to develop supply chain strategy for fuels - Enviva announced the signing of an MOU with a U.S.-based cleantech company to co-develop a supply chain strategy for advanced, low-carbon transportation fuels, including sustainable aviation fuel, or SAF, with a focus on the customer's operations in the U.S. Southeast and potentially California. Under the MOU, the customer's refining process will convert Enviva's woody biomass into a drop-in replacement for crude oil used for producing aviation fuel. Enviva's current operations and numerous potential development sites in the U.S. Southeast position it to co-develop alongside the SAF refining capacity the customer intends to construct in the region. California is another jurisdiction where Enviva is evaluating plans to build one or more facilities with the intent of utilizing low-grade wood fiber from high-hazard zones in the state both to mitigate devastating wildfire risk in the region and tackle the negative effects of climate change globally. This latest MOU represents not only the second industrial agreement Enviva has recently signed, but also Enviva's second agreement related to SAF, which the company believes underscores the demand momentum for low-carbon transportation fuels. The company said, "We recently announced our first shipment to Germany to serve its emerging industrial market (including steel and cement) and other adjacent use cases (such as lime, a key input in cement manufacturing) that are progressing through the phases of design, development, and application, as industrial companies pursue not only their own net-zero goals, but also fulfill the increasing demand for greener products from their own customers. As of January 1, 2022, Enviva's total weighted-average remaining term of executed long-term take-or-pay off-take contracts is approximately 14.5 years, with a total contracted revenue backlog of over $21 billion. This contracted revenue backlog is complemented by a customer sales pipeline exceeding $40 billion, which includes contracts in various stages of negotiation. Enviva's customer sales pipeline consists of the U.S.-based MOU, the previously announced J-Power MOU, and other long-term off-take opportunities in our traditional markets for biomass-fired power and heat generation in geographies ranging from the United Kingdom to the European Union (including emerging opportunities in Germany and Poland), to Asia (including incremental demand in Japan, emerging potential in Taiwan, and maturing opportunities in South Korea), as well as in developing industrial segments across the globe (including steel, cement, lime, chemicals, SAF, and biodiesel). We are negotiating long-term wood pellet supply contracts with several leading industrial companies in each of these difficult-to-abate sectors that are actively and urgently pursing large-scale decarbonization. Over the next 12 months, we expect to progress negotiations and convert several sales pipeline opportunities into binding contracts, including MOUs."
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FITB | Hot Stocks16:37 EST Fifth Third acquires Dividend Finance - Fifth Third announced a definitive agreement to acquire Dividend Finance, a fintech point-of-sale lender, providing financing solutions for residential renewable energy and sustainability-focused home improvement. Dividend Finance was founded in 2013 in San Francisco. LL Funds is the majority shareholder in Dividend Finance. As a result of this acquisition and Fifth Third's existing position in providing renewable solutions to commercial clients, Fifth Third is actively assessing a new sustainable financing target. Fifth Third currently expects the transaction to close in Q2.
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AIRI | Hot Stocks16:36 EST Air Industries wins two LTAs for Blackhawk Helicopters worth $18.2M - Air Industries Group announced that its Long Island-based subsidiary, Air Industries Machining Corp., has been awarded two separate Long-Term Agreements to manufacture flight-critical assemblies for the Blackhawk helicopter. The estimated value of the two LTAs will total approximately $18.2M over their five-year terms. The agreements include a five-year LTA to manufacture the primary flight control assembly for the Blackhawk helicopter, with an estimated life-of-the-contract value of $9.9M. The second five-year LTA, to produce a flight critical component for the same aircraft, has an estimated life-of-the-contract value of $8.3M.
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UAL | Hot Stocks16:34 EST United Airlines sees Q1 capacity down 16%-18% vs 1Q19 - Sees Q1 revenue down 20%-25% vs 1Q19. Sees Q1 CASM-ex up 14%-15% vs 1Q19.
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PSX | Hot Stocks16:34 EST Phillips 66, Novonix sign lithium-ion battery development agreement - Phillips 66 and Novonix have signed a technology development agreement to advance the production and commercialization of next-generation anode materials for lithium-ion batteries. Phillips 66 became a major investor in Novonix in September 2021, when it acquired a 16% stake in the company. The investment is supporting Novonix's growth as it scales up production and develops new technologies for higher-performance energy storage applications. Phillips 66 and NOVONIX will leverage existing intellectual property and R&D capabilities to drive commercial development of optimized feedstocks and lithium-ion anode materials with reduced carbon-intensive processing. Phillips 66 is a global manufacturer of specialty coke, a precursor to the synthetic graphite anode material Novonix produces. Novonix's anode materials business is based in Chattanooga, Tennessee.
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BHLB | Hot Stocks16:33 EST Berkshire Hills Bancorp announces $140M share repurchase program - Berkshire Hills Bancorp announced that its Board of Directors has approved a share repurchase program pursuant to which the company is authorized to repurchase shares of company common stock at a total cost of up to $140M through December 31, 2022. This would result in the repurchase of approximately 9% of outstanding shares based on the current share price.
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KMPH | Hot Stocks16:31 EST KemPharm issues letter to shareholders regarding clinical development strategy - KemPharm announced that Travis Mickle, president and CEO of KemPharm, has issued a letter to shareholders detailing the company's strategic focus on Central Nervous System, or CNS/Rare Disease indications, as well as an updated clinical development strategy. The letter said, "Today is an important milestone in the ongoing evolution of KemPharm and follows a series of transformative events for the company during the past 12 months highlighted by the U.S. commercial launch of AZSTARYS(R), the uplisting of our stock to the Nasdaq Global Select Market and its addition to the Nasdaq Biotechnology Index, and the restructuring and recapitalization of our finances, culminating with the announcement of a $50 million share repurchase program through 2023. These events have allowed us to build a strong foundation for the Company's future, and with that momentum, we have worked to thoughtfully refine our strategic focus to CNS/Rare Disease indications for our future product development efforts. Given our significant expertise and a track record of product development success, our strategic focus on CNS/rare disease indications allows us to target high-value areas with significant unmet needs. Our evaluation of both internal and external product candidates is guided by criteria that include an assessment of the commercial opportunity, and understanding of clinical, development and regulatory risks, as well as time, cost and need, among other strategic considerations. Within CNS/rare disease, there are many potential indications where we believe our LAT(R) (Ligand Activated Therapy) platform technology and our product development expertise can provide multiple opportunities to drive growth for KemPharm. Some of the possible areas of interest include: Neurology and neurodegenerative diseases like Alzheimer's disease, Parkinson's disease and Huntington's disease;Psychiatric disorders, which could include indications focused on niche market opportunities like rare sleep disorders or psychedelics; and Rare diseases and other adjacent or related therapeutic categories, like gastroenterology, metabolic diseases or endocrinology... Given these factors, we see a substantial opportunity to advance KP1077 as a treatment for IH, and initial market research suggests that KP1077 could capture a large share of the IH market based on the following potential treatment, regulatory and commercial benefits: Dosing flexibility - either one dose or two doses - designed to address the two primary issues associated with IH: Nighttime dose would address sleep inertia. Morning dose would address daytime brain fog. No drug-drug interaction potential especially with hormonal contraceptives and antidepressants. Reduced abuse potential with a Schedule IV designation. Orphan drug designation potential, as well as fast-track and breakthrough designation eligibility. No generic equivalent. Composition of matter patents extending to 2037 with additional applications potentially extending the IP time horizon. In addition to these potential benefits, we anticipate an efficient and robust development program for KP1077. At present, we are targeting an Investigational New Drug (IND) application filing for KP1077 in IH by mid-year 2022. We then anticipate initiating a Phase 2 trial of KP1077 in IH in the third quarter of 2022 with top-line data by the second quarter of 2023. We are also planning a parallel development program for KP1077 in narcolepsy. The IND filing for this additional program is expected during the second half of 2022, with a Phase 2/3 trial expected to begin by the end of 2022 or early 2023. While KP1077 will be our lead SDX development candidate, we plan to continue the development of KP879 as an extended-duration, agonist replacement therapy for the treatment of Stimulant Use Disorder (SUD). However, through our evaluation of the clinical, regulatory and development risks for pursuing the SUD indication, we recognized that KP879 will require a more challenging and lengthier development program that will likely necessitate partnership with government, academia, or other strategic partners to successfully advance the program toward approval..."
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KBR | Hot Stocks16:31 EST KBR awarded contract for plastics recycling technology by LG Chem - KBR announced that along with Mura, it has secured a contract for its breakthrough plastics recycling technology, Hydro-PRTSM, from LG Chem, Korea. Under the terms of the contract, KBR will provide technology licensing and engineering to implement the innovative and scalable Hydro-PRTSM technology at LG Chem's Dangjin plant.
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BA EADSY | Hot Stocks16:28 EST FAA says certain Boeing 777 aircraft cleared to fly to airports with 5G C-band - The FAA has issued new approvals that allow an estimated 62% of the U.S. commercial fleet to perform low-visibility landings at airports where wireless companies deployed 5G C-band. The new safety buffer announced Tuesday around airports in the 5G deployment further expanded the number of airports available to planes with previously cleared altimeters to perform low-visibility landings. The FAA early Wednesday cleared another three altimeters. Even with these approvals, flights at some airports may still be affected. The FAA also continues to work with manufacturers to understand how radar altimeter data is used in other flight control systems. Passengers should check with their airlines for latest flight schedules. Airplane models with one of the five cleared altimeters include some Boeing (BA) 717, 737, 747, 757, 767, 777, MD-10/-11 and Airbus (EADSY) A300, A310, A319, A320, A330, A340, A350 and A380 models.
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TMCI | Hot Stocks16:26 EST Treace Medical says USPTO grants patent to firm bolstering bunion portfolio - Treace Medical Concepts announced that the United States Patent and Trademark Office granted to the Company U.S. Patent No. 11,213,333, titled "Bone Positioning and Preparing Guide Systems and Methods." The patent, granted earlier this month, augments Treace's extensive and growing patent portfolio covering instrumented bunion correction. The patent generally relates to a technique for correcting a bunion deformity using both a bone preparation guide and a bone positioning guide to perform different steps of the technique.We are pleased that the Patent Office continues to recognize the novel advances made by Treace. The addition of this recent patent grant further strengthens our intellectual property position and highlights our commitment to innovation in advancing the surgical treatment of bunion patients," said John T. Treace, CEO, Founder and Board Member of Treace.
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GOOG GOOGL | Hot Stocks16:25 EST Google says G Suite legacy free users need to sign up for paid subscriptions - Alphabet's Google said that users who have the G Suite legacy free edition need to upgrade to a paid Google Workspace subscription to keep their services. The G Suite legacy free edition will no longer be available starting July 1, 2022. The company said that, in order to maintain services and accounts, users need to upgrade by May 1, 2022. "After you upgrade you can use your new subscription at no cost until at least July 1, 2022," the company said. "If you choose to wait, Google will begin upgrading subscriptions automatically on May 1, 2022. We will upgrade your organization to a new Google Workspace subscription based on the features you currently use." Reference Link
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EHC | Hot Stocks16:19 EST Encompass Health plans to spin off home health and hospice business - Encompass Health announced its intention to spin off its home health and hospice business to form an independent, publicly traded company and to rebrand the HH&H Business as Enhabit Home Health & Hospice. The Encompass Health Board of Directors believes that the separation of its inpatient rehabilitation business and the HH&H Business into two independent, publicly traded companies will provide significant benefits to both businesses and their stakeholders, including improving the strategic and operational flexibility of each business, increasing the focus of each management team on its business strategy and operations, allowing each business to adopt a capital structure and investment policy best suited to its financial profile and business needs, and providing each company with its own equity currency to facilitate acquisitions and to better incentivize management. The spin-off, which is expected to be tax-free to Encompass Health's shareholders, will result in Encompass Health's shareholders owning stock in both companies. The company intends to consummate the spin-off in the first half of 2022, subject to various conditions, including the effectiveness of a Form 10 registration statement, regulatory approvals and receipt of a favorable IRS private letter ruling. The establishment of Enhabit Home Health & Hospice will further strengthen Enhabit's focus on high-quality, cost-effective care delivered in the home setting. Enhabit Home Health & Hospice chose the name Enhabit because it intuitively is linked to the home. Drawn from the word "inhabit," the name evokes a sense of comfort and well-being with that promise enlivened by the quality of care Enhabit's clinicians bring to every patient's home. The "en" of Enhabit connects the company to its Encompass legacy, signaling to patients that they can expect the same level of excellence and compassion that they received from Encompass Health. The rebranding is expected to begin in mid-April 2022 and to be largely completed by the consummation of the spin-off.
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GEF | Hot Stocks16:19 EST Greif anounces price incerases on several products - Greif is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard and a minimum 6.0% increase on all tube and core and protective packaging products. The uncoated recycled paperboard increase is effective with new orders and shipments on and after February 14. The tube and core and protective packaging products increase is effective with shipments on and after March 4. These price increases are in response to strong demand across the Greif paperboard and converting network and inflationary cost increases in energy, labor, transportation, maintenance, chemicals and other raw materials.
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ZYME | Hot Stocks16:18 EST Zymeworks outlines strategic priorities for 2022 and 2023; reduces workforce - Zymework "provided a corporate update on its key strategic priorities for 2022 and 2023 in addition to confirming its upcoming clinical development milestones for zanidatamab and ZW49." The company aims to: Fully recruit the HERIZON-BTC-01 pivotal clinical study for zanidatamab by mid-2022; Fully recruit the HERIZON-GEA-01 pivotal clinical study for zanidatamab by the end of 2023; Complete or close out other ongoing early-stage clinical studies for zanidatamab as data become available, and use these data to identify and support strategic decisions regarding future clinical development opportunities beyond the ongoing pivotal clinical studies; Finalize a clear clinical development path for ZW49 based on additional clinical data expected in 2022 from the ongoing Phase 1 clinical trial; Select and advance two new antibody-drug conjugate or multispecific product candidates leveraging Zymeworks' novel, therapeutic platforms (Azymetric, ZymeLink, EFECT and ProTECT to IND-enabling studies to provide the ability to submit two Investigational New Drug applications by the end of 2024; Execute on new partnerships and collaborations to support the development and commercialization of zanidatamab and Zymeworks' early-stage R&D pipeline and technology platforms; Continue to support and advance Zymeworks' core technology platforms and collaborations; and Improve Zymeworks' financial position over 2022 and 2023 through a combination of alternatives, including forming additional partnerships and collaborations, monetizing existing assets and products and securing additional financing." CEO Kenneth Galbraith states: "As an initial step, we have reset and focused the Company's operations around our core activities and most promising R&D opportunities. These measures, including the reduction in our workforce announced today, provide opportunities to reduce our future planned expenditures while continuing to fund our key priorities for 2022 and 2023. I am looking forward to reporting our progress against these key priorities over the course of 2022 and 2023 as we reset, focus and build a leading biopharmaceutical company around a renewed organization, and an exciting and expanding pipeline of product candidates with the potential to make a significant difference for patients around the world with difficult-to-treat cancers."
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KKR | Hot Stocks16:17 EST KKR acquires Merchants Mortgage Trust & Corporation - KKR announced that KKR has acquired Merchants Mortgage Trust & Corporation, a real estate lending platform specializing in short-term mortgage products for experienced individual residential real estate investors. KKR is making its investment in MMTC through its private credit funds and accounts as part of the firm's Asset-Based Finance investment strategy, which pursues privately originated investments backed by diversified pools of hard and financial assets. MMTC's Chief Executive Officer, Justin Land, and the existing management team will continue to lead the Company. KKR's investment provides MMTC with access to long-term capital to grow its origination activity and support the expansion of its product offerings, geographic footprint and financing capabilities. As a part of this transaction, MMTC will also acquire the outstanding interests in its affiliate, Orchard Funding. Financial terms of the transaction were not disclosed.
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SEMR | Hot Stocks16:16 EST Semrush acquires Backlinko.com, terms not disclosed - Semrush announced the acquisition of Marketing and Search Engine Optimization training platform Backlinko. "Brian Dean is considered one of the top digital marketing professionals , and we are thrilled to bring him and his team into the Semrush family. Together with our own Semrush Academy, we now offer one of the most robust digital marketing and SEO training resources on the web," said Andrew Warden, Chief Marketing Officer of Semrush. "Digital Marketing expertise continues to be in strong demand for virtually every business, and we know our customers are constantly seeking high quality education to upskill. We are a company for marketers, by marketers and we want to help those in our community be the best digital marketers they can be."
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CSPR | Hot Stocks16:13 EST Casper Sleep announces stockholder approval of merger agreement - Casper Sleep announced that its stockholders voted today to adopt the Agreement and Plan of Merger, whereby Casper will be acquired by certain subsidiaries of Durational Consumer SPV IV, LP, an investment vehicle managed by Durational Capital Management, LP. According to the preliminary results announced at Casper's Special Meeting of Stockholders, approximately 69.5% of the vote represented by Casper's outstanding stock were voted in favor of the Merger Agreement. The final voting results of the Special Meeting, as tabulated by an independent inspector of elections, will be filed as part of Form 8-K with the U.S. Securities and Exchange Commission. Subject to the satisfaction of certain other closing conditions, the transaction is expected to close during the week of January 24, 2022. Upon closing the transaction, Casper will operate as a privately-held company and will remain based in New York.
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AA | Hot Stocks16:12 EST Alcoa sees 2022 bauxite shipments 48M-49M dry metric tons - In 2022, Alcoa projects total bauxite shipments to range between 48.0 and 49.0 million dry metric tons, consistent with 2021. Total alumina shipments are expected to be between 14.2 and 14.4 million metric tons, an increase from 2021 with the resolution of the San Ciprian strike and recovery from the outage of a bauxite unloader at Alumar. The Aluminum segment is expected to ship between 2.5 and 2.6 million metric tons, a net decrease from 2021 primarily related to the divestiture of the Warrick Rolling Mill and changes in the smelting portfolio. Alcoa anticipates Adjusted EBITDA and Adjusted net income levels for the first quarter of 2022 to be similar to the fourth quarter of 2021 based on current pricing. Alcoa expects that current metal index price benefits will roughly offset the raw materials and energy challenges, and that improvements from portfolio actions and sales contract pricing will mitigate other seasonal changes and headwinds. Outside of the market changes, in the first quarter of 2022, Alcoa anticipates lower quarterly performance results in the Bauxite segment due primarily to seasonally lower volumes and higher maintenance, and favorable annual true ups that do not recur in the first quarter. In the Alumina and Aluminum segments, the Company expects improvements related to the San Ciprian strike resolution and smelter curtailment, as well as higher raw materials and energy costs and the non-recurrence of value added tax credits. Based on current alumina and aluminum market conditions, the Company expects first quarter tax expense to approximate $165 million to $170 million, which may vary with market conditions and jurisdictional profitability. The COVID-19 pandemic is ongoing, and its magnitude and duration continue to be unknown. The Company continues to take appropriate measures to protect its employees and business from the risks of the pandemic by following all appropriate health-based protocols. Uncertainty around the pandemic's impact on the Company's business, financial condition, operating results, and cash flows could cause actual results to differ from this outlook.
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CIR | Hot Stocks16:09 EST Circor's Scott Buckhout to step down as CEO - CIRCOR International announced that the Board of Directors and Scott Buckhout, President and CEO, have mutually agreed that Mr. Buckhout will step down as President and CEO, effective immediately. The Board also announced that Aerospace & Defense Group President Tony Najjar has been promoted to COO and named interim President and CEO. The Company has selected a leading executive search firm to identify a permanent President and CEO.
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ADC | Hot Stocks16:09 EST Agree Realty announces new corporate headquarters - Agree Realty announced that it has closed on the acquisition of the building formerly occupied by Art Van Furniture at 32301 Woodward Avenue in Royal Oak, Michigan. The building is centrally located in Metro Detroit and offers a unique opportunity to create a landmark headquarters to support the company's continued growth. Construction is anticipated to commence on the approximately 50,000 square foot building in the first quarter of 2022 and be completed for relocation during the second quarter of 2023. Plans call for additional training and development space, health and wellness facilities, and collaborative meeting areas aligned with the company's ADC University and ADC Wellness initiatives.
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NNN | Hot Stocks16:07 EST National Retail Properties CEO Julian Whitehurst to retire on April 28 - National Retail Properties announced that Julian Whitehurst, President and CEO, will retire and step down as a member of the Board of Directors effective April 28. Stephen Horn, Jr., currently Executive Vice President and COO, will assume the role of President and CEO as of April 29.
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PAYA | Hot Stocks16:05 EST Paya Holdings acquires omnichannel payment solutions firm VelocIT - Paya Holdings announced the acquisition of VelocIT Business Solutions, VelocIT, Founded in 2018 and based in Clarkson, WA, VelocIT provides fully integrated, omnichannel payment solutions to accounting and ERP partners, including Acumatica and Sage, driving frictionless commerce experiences for their end users. VelocIT brings to Paya industry-leading technologies, deep knowledge of the ERP market, and strong integration experience and expertise. Through the acquisition of VelocIT, Paya will accelerate its product roadmap, scaling the company's solution capabilities and extending its leadership in accounting and ERP integrations. Paya expects to discuss the transaction further on its fourth quarter and full year 2021 results conference call.
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DXC NOW | Hot Stocks16:01 EST DXC Technology expands global partnership with ServiceNow - DXC Technology (DXC) announced the formation of a new global DXC ServiceNow Strategic Business Group to deliver market-leading, cost-efficient, resilient technology services that transform enterprise service operations, built on DXC Platform X. DXC has named ServiceNow (NOW) the preferred workflow partner for DXC Platform X, a data-driven, intelligent automation platform that helps detect, prevent and address issues before they happen with resilient, self-healing IT estates. NelsonHall has named DXC Platform X as a "Leader in Cognitive & Self-Healing IT Infrastructure Management," reflecting DXC's ability to deliver immediate benefits through automation while meeting customer requirements for their future operating models. "For our customers, it's about modernizing and automating their IT estates to achieve a state of 'silent operations,' saving time, money and letting customers focus on what's most important --- running their business," said Mike Salvino, President and CEO, DXC Technology. "We manage complex IT estates on DXC Platform X and building on this unique strength with ServiceNow will establish us as a clear market leader in the enterprise service management market."
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KPTI | Hot Stocks14:58 EST Karyopharm granted orphan status for myelodysplastic syndrome treatment - The FDA granted Karyopharm Therapeutics orphan status for extanexor, its treatment of myelodysplastic syndrome. Reference Link
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SRNE | Hot Stocks14:29 EST Sorrento reports 1M COVISTIX tests distributed last week in Mexico - Sorrento Therapeutics and Sorrento Mexico announced that approximately 1,000,000 COVISTIX tests were distributed last week in Mexico. "Orders are increasing daily as pent-up demand is high for a sensitive and convenient test that is capable of accurately detecting all of the current variants of the SARS-CoV-2 virus, including the dominant Omicron variant. Millions of additional COVISTIX tests are scheduled to be delivered to Mexico, with tens of millions more being manufactured to support the increasing demand for COVISTIX worldwide," the company stated in a press release. "We believe there is a significant unmet need for a sensitive and rapid antigen test which detects Omicron with high sensitivity even for asymptomatic patients," added Dr. Henry Ji, Chairman and CEO of Sorrento Therapeutics.
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SGMO | Hot Stocks14:23 EST Sangamo not immune to COVID-related impact, COO tells The Fly - Sangamo Therapeutics (SGMO) is a clinical-stage biopharmaceutical company pursuing programs across the spectrum of genomic medicine. In an exclusive interview with The Fly, COO Mark McClung talked about COVID-related impact: "In our early cell therapy programs, we're seeing some delays in getting certain components of the manufacturing process, including these bags that we utilize. So, it is impacting us. There is nothing on critical path that has been significantly impacted to date but there's potential that if the supply chain is not resolved, it could affect things. We did have some delays in our clinical trials due to COVID where the sites, for example, in our TX200 trial - which we could have gotten up and running earlier - were just not doing kidney transplantation because they were prioritizing the facilities for COVID treatment. But since then, we've opened a number of sites and we're now seeing going back and doing the transplant again which is good news. We're not immune but our operations have been mostly on track," 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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SGMO... | Hot Stocks14:07 EST Sangamo CEO says partnerships bring validation to company's technology - Sangamo Therapeutics (SGMO) is a clinical-stage biopharmaceutical company pursuing programs across the spectrum of genomic medicine. In an exclusive interview with The Fly, CEO Sandy Macrae discussed the company's partnerships: "We're always speaking with people about our technology. We think they find Sangamo's technology intriguing and when they spend time with our scientists, they find it exciting. For us, it's a balance we always have to find on whether we develop something ourselves or with a partner. Our partnerships bring expertise. Biogen [BIIB] really understands Alzheimer's with their biologists and physicians, and they have the commercial team to make a success of the medicine. It's not only about money but also about expertise. They also bring the validation of our technology, that they looked at what we were doing and decided that they were going to invest this much money says that there was something solid about it. Some deals have a natural time stamp to them. The Novartis [NVS] work is almost completed and we completed much of the work we were doing for Pfizer [PFE]. But they've come back and often try to find things they can do to continue the partnership. We usually survey our partners and in the recent survey we did, our partners look at us as the best or one of the best partners they have," 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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GM | Hot Stocks14:03 EST GM announces new applications of HYDROTEC fuel cell technology - GM announced new commercial applications of its HYDROTEC fuel cell technology. HYDROTEC projects, which are currently in development, from heavy-duty trucks to aerospace and locomotives, are being planned for use beyond vehicles for power generation. GM is planning multiple HYDROTEC-based power generators, all powered by GM's Generation 2 HYDROTEC fuel cell power cubes, including: A Mobile Power Generator to provide fast-charge capability for EVs without installing permanent charge points; The EMPOWER rapid charger to help retail fuel stations add affordable DC fast charging without expanding the grid; A palletized MPG to quietly and efficiently power military camps and installations; These fuel cell generators could ultimately replace gas- and diesel-burning generators with fewer emissions at worksites, buildings, movie sets, data centers, outdoor concerts and festivals. They could also back up or temporarily replace grid-sourced electricity for residential and small commercial enterprises at times of power disruption. Each of these HYDROTEC-based power generators feature zero-emissions electric power generation output ranging from 60 kilowatts to 600 kilowatts, along with low noise and heat signatures. "Our vision of an all-electric future is broader than just passenger vehicles or even transportation," said Charlie Freese, GM executive director of the global HYDROTEC business. "Our energy platform expertise with Ultium vehicle architectures and propulsion components and HYDROTEC fuel cells can expand access to energy across many different industries and users, while helping to reduce emissions often associated with power generation."
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SGMO... | Hot Stocks13:59 EST Sangamo CEO says preclinical studies moving forward 'beautifully' - Sangamo Therapeutics (SGMO) is a clinical-stage biopharmaceutical company pursuing programs across the spectrum of genomic medicine. In an exclusive interview with The Fly, CEO Sandy Macrae talked about the company's preclinical studies: "Everything is moving forward beautifully. Until we get to the IND, we tend to keep the cards close to our chest on the benefits of our programs. But related to the TX200, which is the renal transplant subject, we have TREG programs being developed in multiple sclerosis for example. In our CNS portfolio, we have very interesting assets in important neurological diseases moving forward and closer to clinic. We will publish results on them during the year. It takes time. We're an unusual company with such a broad and deep portfolio, and a pipeline that keeps on giving and it's all due to our technology which can be applied to so many areas of unmet medical need. And we also have our partnerships with Biogen [BIIB] for Alzheimer's and Parkinson's disease, which is making great progress; our work we are doing with Novartis [NVS] on Autism spectrum disorder, which again is moving forward; with Takeda [TAK] for Huntington's; and with Kite [GILD] and their oncology program. They are all moving forward and getting closer and closer to the IND, which is when investors and analysts really start getting interested in it," 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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SGMO... | Hot Stocks13:51 EST Sangamo COO sees three 'important catalysts' over next 12 months - Sangamo Therapeutics (SGMO) is a clinical-stage biopharmaceutical company pursuing programs across the spectrum of genomic medicine. In an exclusive interview with The Fly, COO Mark McClung discussed the company's upcoming data readouts: "We think we have three really important catalysts coming up over the course of the next 12 months. The first is related to our partner program with Pfizer [PFE], which is the Hemophilia A program and is in Phase 3. We're anticipating that the clinical hold put on by Pfizer and the agency will be lifted shortly and we will continue to advance the enrollment in that trial. At this point, we're still confident we will have a competitive profile versus the BioMarin [BMRN] product. The second would be our Fabry disease program. We shared the promising preliminary proof of concept Phase 1/2 data from the first two dosing cohorts back at our Q3 results but since then we've dosed a fifth patient in the high dose third cohort and have line of sight on the six cohort and we've initiated Phase 3 planning. Over the course of 2022, you can expect additional data presentations which will provide the update on the patients. We will most likely share some of that in an upcoming congress. And additionally, there are two sets of information we're hoping to be able to comment on through the end of the year. The first is related to the fact that of the four patients we showed at our Q3 release, two of those patients were on enzyme replacement therapy and for one of those patients - patient four - we already started the withdrawal of the enzyme replacement therapy and we will have the data to see what happens. That patient will still have the benefit of the gene therapy. For the second patient, which was the first patient enrolled in the trial, we're getting consent to do the same thing. Additionally, in the third cohort - so patients 5 and 6 - we've done baseline kidney biopsies and we're hoping that throughout the course of the year, but most likely towards the end of the year, we'll be able to provide a perspective on the impact on the lyso-Gb3 disposition on the kidney. Very excited over that program, particularly in the context of the recent changes in the landscape competitive. We believe that the profile of our Fabry gene therapy program is shaping up very nicely. We're excited about that program which is currently wholly own. Lastly, related to the sickle cell program which has been in the hands of Sanofi [SNY]... Sanofi made a strategic decision as part of its genomics medicine strategy to get out of personalized medicines, including personalized cell therapy - so, we're in the midst of a six-month transition period with them. There are four patients left to dose, which we've committed with Sanofi to complete by the early Q3 of this year. But what's important is these next four patients will be dosed using a new manufacturing. Additionally, the TX200 kidney transplant study with our TX200 compound, which is a CAR-TREG, is the first we believe in human trial with CAR-TREGs. We've enrolled the first patient in the trial and are expecting to dose the first two patients by the middle of 2022," 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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EXLS | Hot Stocks13:49 EST EXL appoints Jennifer Lemming as CMO - EXL announced the appointment of Jennifer Lemming as Chief Marketing Officer. Charged with accelerating EXL's data-driven transformation agenda, Lemming will help marshal the company's advanced analytics, AI, digital and cloud capabilities to unlock new growth opportunities for the world's leading corporations. Lemming joins EXL from LexisNexis Risk Solutions, a RELX company, where she was Senior Vice President, Marketing.
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SGMO | Hot Stocks13:43 EST Sangamo CEO says success in CAR-TREG space more 'than just science' - Sangamo Therapeutics (SGMO) is a clinical-stage biopharmaceutical company pursuing programs across the spectrum of genomic medicine. Regulatory T cells, or "Tregs," are a subset of T cells that function to maintain homeostasis and prevent autoimmunity. In an exclusive interview with The Fly, CEO Sandy Macrae talked about the company's CAR-TREG program: "We are a real company, with manufacturing and experience in cell therapy. We made the decision in 2018 to buy a TREG company before TREGs were as fashionable as they are now. We bought a company called TxCell and they came with an enormous experience. We hired a chief scientific officer Jason Fontenot who is recognized as one of the world leaders in TREGs and we've been working on this for three years. We've just completed GMP cell therapy manufacturing construction both in California and France. Because it's not just about science. Many of the other TREG companies are spinouts of academic groups and they're great scientists. It's also about the process and having manufacturing expertise allows you to look after the TREGs and grow them and prepare them to the standards of GMP and the regulators' demand. And we feel that's the journey that other companies still have to go through. The idea that we're about to dose the first patient is testament to lots of process development, manufacturing advances, understanding of TREGs... and others still need to go through that journey," 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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FB MVRS | Hot Stocks13:38 EST Instagram introduces Subscriptions, 'newest monetization feature' for creators - Instagram said in a blog post: "At Meta, we strongly believe in enabling creators to make a living through our platforms and have built a suite of tools to allow them to do that-helping them get support from their audience, partner with brands and earn money from advertising or bonuses directly from Instagram and Facebook. We're excited to introduce our newest monetization feature: Instagram Subscriptions. In 2020, Facebook launched Subscriptions, which has helped creators build sustainable businesses powered by the support of their communities. Based on strong creator feedback, we're ready to now bring this business model to creators on Instagram. With Instagram Subscriptions, creators can develop deeper connections with their most engaged followers and grow their recurring monthly income by giving subscribers access to exclusive content and benefits, all within the same platform where they interact with them already... Earlier this year, as part of our continued commitment to supporting creators, we shared that Meta would not collect any fees from creators on Facebook Subscriptions purchases until 2023 at the earliest, and this will also apply to Instagram Subscriptions. Additionally, we believe that creators should know their audience and have more control over their business. We hope to build the tools to allow them to also directly connect with their audience off platform in the future." Reference Link
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CNI... | Hot Stocks13:38 EST North American rail traffic dropped 8.9% in week ended January 15 - The Association of American Railroads, AAR reported U.S. rail traffic for the week ending January 15. For this week, total U.S. weekly rail traffic was 493,617 carloads and intermodal units, down 6.6% compared with the same week last year. Total carloads for the week ending January 15 were 233,647 carloads, up 0.5% compared with the same week in 2021, while U.S. weekly intermodal volume was 259,970 containers and trailers, down 12.2% compared to 2021. North American rail volume for the week ending January 15, on 12 reporting U.S., Canadian and Mexican railroads totaled 323,685 carloads, down 5.3% compared with the same week last year, and 339,662 intermodal units, down 12.1 percent compared with last year. Total combined weekly rail traffic in North America was 663,347 carloads and intermodal units, down 8.9%. North American rail volume for the first two weeks of 2022 was 1,250,655 carloads and intermodal units, down 13.1% compared with 2021. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP), FreightCar America (RAIL), Trinity Industries (TRN) and Greenbrier (GBX). Reference Link
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SGMO | Hot Stocks13:30 EST Sangamo tells Fly 'not immune' to COVID-related impacts, but 'mostly on track'
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SGMO | Hot Stocks13:30 EST Sangamo 'an unusual company' with deep portfolio, CEO says
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SGMO | Hot Stocks13:30 EST Sangamo expects to dose first patients by mid-2022 in TX200 trial, COO says
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SGMO | Hot Stocks13:30 EST Clinical hold on Hemophilia A program should be lifted soon, Sangamo COO says
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SGMO | Hot Stocks13:30 EST Success in CAR-TREG more than just science, Sangamo CEO says
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YNDX | Hot Stocks13:06 EST Yandex announces settlement with Federal Antimonopoly Service of Russia - Yandex announced that it has reached a settlement with the Federal Antimonopoly Service of Russia and a consortium of Russian Internet companies in connection with an antitrust claim brought against Yandex. The claim related to allegations of abuse of market dominance by Yandex in connection with the placement of enriched search results. The proceeding in relation to this matter will be terminated. In February 2021, the FAS issued a warning to Yandex related to alleged violations. In March 2021, the FAS initiated a formal investigation and opened an antitrust case. The settlement agreement confirms that Yandex has complied with all requirements of the warning, terminates the case without any fines, and sets forth certain additional obligations of Yandex to support competition. In particular: Yandex has adopted a policy for integrating information supplied by market participants in its search engine results and has published relevant technical terms. The terms and requirements are uniform for all market participants, including Yandex's own services; Yandex will undertake to provide FAS with information to enable regular monitoring of compliance with these requirements in the performance of its search engine; Yandex has undertaken to conduct an annual independent audit to verify that the search rankings and display of data in search results are unbiased. In addition, at the proposal of Yandex, Yandex and the Russian Fund for the Development of Information Technologies, a not-for-profit organization supporting and promoting digital solutions in Russia, will establish a joint program to support Russian technology companies in promoting their products and services. Yandex will contribute RUB1.5B to the Fund to support this program as part of the settlement.
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GFF | Hot Stocks12:46 EST Voss Capital: Second director nominee for Griffon board has had to withdraw - Voss Capital, LLC, a significant shareholder of Griffon Corp., announced that another of its director nominees has informed Voss that he must withdraw from the proxy contest at Griffon due to a sudden reversal of approval from his employer. Voss issued the following statement: "Voss initiated this proxy fight only after repeated efforts to collaborate privately with the Company, as is always our preference. It was only after Griffon's management continually refused to acknowledge the clear need for change that we resorted to a public contest and nominated highly qualified candidates to finally bring independent oversight to Griffon's Board. We believe our efforts have been well received by shareholders, many of whom may have been hoping to support both of our candidates. With two of our three director nominees being forced to withdraw under similar, questionable circumstances, we feel the need to publicly express our growing concern that such reversals may have been influenced by Griffon executives or directors, or third parties acting under their direction. The highly unusual rescinding of nomination permission from the separate employers of both our candidates leads us to question whether the circumstances are truly coincidental. In each case, the nominee's employer initially approved of the nominee's participation in this contest, only to reverse their decision and revoke approval later in the process... We would urge Griffon's Board to immediately investigate these matters to determine whether anyone from Griffon was involved with these nominee withdrawals. We would be pleased to comply with these efforts to the best of our ability. It is clear to us that the Company is concerned that every day more shareholders are being swayed by our strong case for change and plan for value creation. Is Griffon's management so threatened by even a single dissenting voice in the Boardroom that they would seek to deny shareholders their right to vote on independent Board representatives?"
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DSS | Hot Stocks12:40 EST Document Security trading resumes
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DIS | Hot Stocks12:33 EST Disney reports 179M subscriptions across Disney+, ESPN+, Hulu at end of FY21 - "Disney's direct-to-consumer efforts have progressed at a tremendous pace in just a few short years, and our organization has continued to grow and evolve in support of our ambitious global streaming strategy," CEO Bob Chapek said. "Rebecca has played a vital role in orchestrating our global platform expansion, and I'm excited that she will be leading our new International Content group, bringing her expertise and talent to oversee the growing pipeline of original local and regional content for our streaming services while continuing to lead our international operations. Likewise, with a relentless focus on serving consumers, Kareem has developed an industry-leading team of seasoned executives who are uniquely equipped to take our streaming business into Disney's next century."
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DIS | Hot Stocks12:32 EST Disney creates international content group helmed by Rebecca Campbell - To support the ongoing expansion of The Walt Disney Company's direct-to-consumer business around the world and fuel the expanding pipeline of local and regional content for its streaming services, the company is creating a new hub for international content creation under the direction of Rebecca Campbell as Chairman, International Content and Operations, it was announced by Bob Chapek, Chief Executive Officer, The Walt Disney Company. In addition, the company is making several key executive appointments to its Disney Media & Entertainment Distribution segment under the leadership of its Chairman, Kareem Daniel. Campbell, in her newly expanded role as Chairman, International Content and Operations, will focus on local and regional content production for Disney's streaming services, as well as continue overseeing Disney's international media teams worldwide, reporting directly to Mr. Chapek. Michael Paull has been promoted to the newly-created role of President, Disney Streaming, with accountability for Disney+, Hulu, ESPN+, and Star+, and will oversee these platforms globally for Disney Media & Entertainment Distribution, reporting to Mr. Daniel. Joe Earley, who previously served as Executive Vice President, Marketing & Operations for Disney+, has been named President of Hulu, and will report to Mr. Paull. The streaming leadership team will also include a new head of Disney+, who has yet to be named, filling a role that Mr. Paull held previously. Russell Wolff continues to serve as head of ESPN+. These roles will also report to Mr. Paull. Since the launch of Disney+ in late 2019, the Company's streaming business has expanded rapidly, with 179 million total subscriptions across Disney+, ESPN+ and Hulu as of the end of fiscal 2021, and plans to more than double the number of countries Disney+ is in to over 160 by fiscal 2023. Disney is also investing significantly in the creation of original local and regional content for its streaming services, with more than 340 titles already in various stages of development and production.
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DSS | Hot Stocks12:15 EST DSS acquires 25.1% of Alset International - DSS entered into a stock purchase agreement on January 18, 2022, with its shareholder Alset EHome International Inc., which currently owns 15.24% of the company's outstanding shares of common stock, pursuant to which AEI sold to the company 877,248,065 ordinary shares, no par value per share, of Alset International Limited for a purchase price of 59,979,582 newly issued shares of the company's common stock. Following the closing of this transaction, AEI will own 55.52% of the company's outstanding shares of common stock and will be the majority shareholder of the company. On January 18, 2022, the company entered into a stock purchase agreement with AEI, pursuant to which AEI sold to the company 100% of the shares of common stock of its wholly owned subsidiary True Partner International Limited, and all of TP's 62,122,908 ordinary shares of True Partner Capital Holding Limited, for a purchase price of 11,397,080 newly issued shares of the company's common stock. The closings of these transactions are subject to approval of the NYSE and the company's stockholders. Transaction details will be filed in an 8-K with the U.S. Securities and Exchange Commission.
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FUBO AAPL | Hot Stocks12:08 EST FuboTV integrates FanView into Multiview feature for Apple TV - FuboTV (FUBO) announced it has expanded its popular Multiview mode on Apple TV (AAPL) to support elements of its FanView feature, as the company continues to integrate interactivity into its live TV streaming experience. Starting today, subscribers can create their own custom sports viewing dashboard on Apple TV combining multiple streams with live stats and scores, configured on screen just as they like. With this latest evolution of Multiview, subscribers can watch up to two live sporting events simultaneously while also placing different FanView widgets right alongside each video player. FanView widget options include statistics of each live game being viewed as well as scores from games across all of the top leagues. Subscribers who do not want to enable FanView can continue to stream up to four sports, news and entertainment channels simultaneously while in Multiview mode on Apple TV.
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SNAP | Hot Stocks12:03 EST Snap restricts friend suggestions for teenagers - Snap said in a blog post yesterday that it is developing new measures to keep its community safe on Snapchat, including expanding its work to make the platform safer for minors. "As a platform built for close friends, we designed Snapchat to make it difficult for strangers to find and connect with minors," the company said. "For example, Snapchatters cannot see each other's friend lists, we don't allow browsable public profiles for anyone under 18 and, by default, you cannot receive a message from someone who isn't already your friend. While we know that drug dealers seek to connect with potential customers on platforms outside of Snapchat, we want to do everything we can to keep minors from being discovered on Snapchat by people who may be engaging in illegal or harmful behavior. We recently added a new safeguard to Quick Add, our friend suggestion feature, to further protect 13 to 17 year olds. In order to be discoverable in Quick Add by someone else, users under 18 will need to have a certain number of friends in common with that person -- further ensuring it is a friend they know in real life. In the coming months, we will be sharing more details about the new parental tools we are developing, with the goal of giving parents more insight into who their teens are talking to on Snapchat, while still respecting their privacy." Reference Link
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JDST | Hot Stocks12:00 EST Direxion Daily Junior Gold Miners Index Bear 3x Shares falls -11.6% - Direxion Daily Junior Gold Miners Index Bear 3x Shares is down -11.6%, or -$1.36 to $10.36.
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DTC | Hot Stocks12:00 EST Solo Brands falls -11.9% - Solo Brands is down -11.9%, or -$1.62 to $11.99.
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DDL | Hot Stocks12:00 EST Dingdong falls -18.4% - Dingdong is down -18.4%, or -$1.47 to $6.53.
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JNUG | Hot Stocks12:00 EST Direxion Daily Jr Gld Mnrs Bull 3X Shrs rises 11.4% - Direxion Daily Jr Gld Mnrs Bull 3X Shrs is up 11.4%, or $6.62 to $64.84.
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BRDS | Hot Stocks12:00 EST Bird Global rises 14.6% - Bird Global is up 14.6%, or 51c to $4.01.
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HMY | Hot Stocks12:00 EST Harmony Gold rises 15.0% - Harmony Gold is up 15.0%, or 54c to $4.15.
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EPZM | Hot Stocks11:58 EST Epizyme granted orphan status for multiple myeloma treatment - The FDA granted Epizyme orphan status for its treatment of multiple myeloma. Reference Link
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BAC | Hot Stocks11:54 EST BofA 'managing' human count, the firm's 'biggest cost,' says CEO Moynihan
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DDL | Hot Stocks11:53 EST Dingdong Cayman Limited (ADS) trading resumes
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DDL | Hot Stocks11:47 EST Dingdong Cayman Limited (ADS) trading halted, volatility trading pause
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BAC | Hot Stocks11:47 EST Bank of America sees FY loan growth in high single digits, says CFO
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BAC | Hot Stocks11:42 EST Bank of America customers using Zelle more than writing checks, CEO says
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BAC | Hot Stocks11:41 EST Bank of America sees FY22 tax rate 10%-12%
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BAC | Hot Stocks11:36 EST Bank of America's investment banking pipeline 'healthy,' says CFO
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UL... | Hot Stocks11:33 EST Unilever says will not increase offer for GSK Consumer Healthcare above GBP 50B - Unilever (UL) issued the following updated in a notice to the London Stock Exchange: "We note the recently shared financial assumptions from the current owners of GSK Consumer Healthcare and have determined that it does not change our view on fundamental value. Accordingly, we will not increase our offer above GBP 50bn. Unilever is committed to maintaining strict financial discipline to ensure that acquisitions create value for our shareholders. Unilever also reiterates its commitment to continuing to improve the performance of its existing portfolio through its ongoing focus on operational excellence, its upcoming reorganisation and by rotating the portfolio to higher growth categories. We look forward to updating on our performance for Q4, and the full year, on February 10th and continued engagement with shareholders."
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BAC | Hot Stocks11:33 EST BofA Wealth Management seeing consistent loan growth, says CFO
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BAC | Hot Stocks11:26 EST Bank of America sees fewer PPP fee benefits in Q1, says CFO
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BAC | Hot Stocks11:23 EST Bank of America sees 'robust' NII growth in 2022 vs. 2021
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BAC | Hot Stocks11:22 EST Bank of America has 'plenty of capacity' for balance sheet growth, says CFO
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IHG | Hot Stocks11:20 EST InterContinental unveils changes to loyalty program - InterContinental announced that its IHG Rewards loyalty program is making changes that will be introduced over the coming months, including a new tier and bonus point earning structure which will go live during March. Other enhancements include a new Gold Elite tier starting at 20 nights, a renaming of the "Spire Elite" tier to "Diamond Elite," and improving bonus point earn levels across all other Elite tiers. Keith Barr, CEO, IHG Hotels & Resorts, said: "If there's anything that has united the world in the last two years, it's the realization that no virtual platform can replicate the value of travel and making memories with those we love. Travel is its own biggest reward, and that's really at the heart of what we're doing with our loyalty program. Each time our members choose to stay at our hotels, we are increasing their opportunity to travel more, experience more, and reap benefits they won't get anywhere else. Our distinct portfolio of brands recognizes no two travelers are the same, helping guests and members make the right decision for all their travel needs."
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BAC | Hot Stocks11:17 EST Bank of America's small business lending is above pre-pandemic levels, says CEO
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IHG | Hot Stocks11:16 EST IHG Hotels & Resorts uveils changes for loyalty program - IHG Rewards is sharing the first of many changes that will be introduced in the coming months. The new tier and bonus point earning structure - which will go live during March - is designed to help members earn more points faster and have more ways to use them than ever before. These changes, the first in a series of enhancements, include: Introducing a new Gold Elite tier starting at 20 nights, with an industry-leading 40% bonus point structure; Renaming of the 'Spire Elite' tier to 'Diamond Elite' to simplify member recognition and understanding of our highest tier, which will retain our best-in-class 100% bonus point structure ; Improving bonus point earn levels across all other Elite tiers.
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DV | Hot Stocks11:12 EST DoubleVerify announces departure of COO Matt McLaughlin later this year - DoubleVerify Holdings announced that the company's COO, Matt McLaughlin, plans to step down in the summer of 2022. McLaughlin joined DoubleVerify in 2011 as COO and has been a key member of the leadership team, most recently overseeing product development and technology, the company said in a statement. McLaughlin will continue in his role as COO and lead his current areas of responsibility through end of the first fiscal quarter, and he will then serve in a special advisory capacity to the company through July 1, 2022, managing to certain product development milestones and ensuring a smooth transition. "Matt has been a valued leader at DoubleVerify for over a decade and integral to the success of the company. Matt is ready for the next stage of his personal endeavors and professional career, and everyone at DV is grateful for his contributions in building the initial foundation of our business and inspiring our legacy of innovation," said Mark Zagorski, CEO of DoubleVerify. "We continue to be laser focused on our mission to create stronger, safer, more secure digital transactions that drive optimal outcomes for global advertisers."
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LVO | Hot Stocks11:12 EST LiveOne reports over 1.35M paid subscribers at end of 2021 - LiveOne announced certain preliminary operating metrics for calendar year 2021 and raised fiscal year 2022 financial guidance. LiveOne Ended Calendar Year 2021 with the following: 1.35 Million + paid subscribers, up 34.5% year-over-calendar year. 699,000 + total new LiveOne members. Added over 100 new blue chip sponsors. Livestreamed over 2,900 artists, 188 million livestream views, 155 events, and 58.9% engagement growth across its social and digital platforms. 115 pay-per-view events broadcasted on LiveOne's platform. LiveOne's wholly owned subsidiary PodcastOne had record metrics of over 2.48 billion podcast downloads. PodcastOne's popular LadyGang podcast surpassed 500 episodes. 33 new podcast shows joined the PodcastOne network consisting of 18 new shows and 15 existing shows that migrated to the PodcastOne platform. Launched over 100 new LiveOne radio stations. Completed a User Interface refresh of all "New" and "Top" stations within the Tesla in-car paid Slacker Radio streaming experience. Signed award-winning music curator and DJ, Kid O, to a multi-year contract to curate and host three new LiveOne mood-based, lifestyle stations. Used proprietary LiveOne mobile studio technology for an on-site, multi-day live audio broadcast from its Spring Awakening Music Festival. Launched the LiveOne Top 50 Songs of 2021 station, hosted and curated for the first-time-ever by five leading LiveOne radio format captains. Signed legendary Rock music host and evangelist Matt Pinfield to a multi-year contract as the new host of the "LiveOne Weekly Rock Countdown". LiveOne is implementing further cost and expense reductions from both operations and corporate overhead which is anticipated to increase the previously implemented $5.6M of annual cost savings to an estimated total of over $14M annually. LiveOne's 24-hour linear OTT streaming channel reaches over 294 million people on Amazon Fire, Roku, Apple TV, SLING, Xumo, and ReachTV, Consumable TV streaming original content, artist interviews, concerts, festivals, ancillary event-related content, and short-form video content from around the world. Announced in December 2020, LiveOne's board of directors authorized the repurchase of up to two million shares of LiveOne's outstanding common stock from time to time, subject to compliance with applicable laws and regulations. LiveOne reiterates its intent to repurchase up to 2 million shares of its common stock. As of December 31, 2021, LiveOne had approximately $14M in cash. LiveOne expects to report positive adjusted EBITDA in Q1 fiscal 2023 ending June 30, 2022.
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BAC | Hot Stocks11:11 EST Bank of America seeing consumers spending 'record amounts,' says CEO
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BAC | Hot Stocks11:11 EST Bank of America saw 1M new credit card accounts in Q4, says Moynihan
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BAC | Hot Stocks11:07 EST Bank of America grew loans and deposits, set up 'nicely' for 2022, says Moynihan
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DOW | Hot Stocks11:06 EST Dow Inc. enters multi-year offtake agreement with New Hope Energy - New Hope Energy announced that it has signed a multi-year offtake agreement with Dow to provide pyrolysis oil feedstock derived from recycled plastics collected in North America. The Lummus New Hope Plastics Pyrolysis Technology converts end of life plastic, diverting the waste away from landfills or the environment, into feedstock, which Dow will use to produce circular plastics. The technology is part of a partnership formed in 2020 between New Hope and Lummus Technology, combining Lummus' ability to license, scale-up and further develop process technology and New Hope's operational experience and waste conversion technology. New Hope Energy will produce the feedstock for Dow at its Trinity Oaks facility in Tyler, Texas. In addition, New Hope is in the process of expanding the existing Trinity Oaks production facility, utilizing technology jointly developed with Lummus. Final commissioning for the plant expansion is planned for late 2022.
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BAC | Hot Stocks11:04 EST Bank of America's pre-pandemic organic growth is back, says CEO Moynihan - Comments taken from Q4 earnings conference call.
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NVEI | Hot Stocks11:04 EST Nuvei approved to process payments for online sportsbook operators in New York - Nuvei Corporation announces it has been granted approval by the New York State Gaming Commission to process payments with recently licensed digital sports betting platforms launching in the state. The commission approved five operators this month - Caesars Sportsbook, BetMGM, DraftKings, FanDuel and Rush Street Interactive - to accept mobile and online sports wagers. Nine operators are expected to be fully operational once regulatory approvals are finalised.
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DSS | Hot Stocks11:02 EST Document Security trading halted, news pending
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KTRA | Hot Stocks10:54 EST Kintara now sees top line data from Kintara arm of GCAR study near end of 2023 - In a regulatory filing last night, Kintara Therapeutics disclosed that in connection with the ongoing Global Coalition for Adaptive Research, or "GCAR," international registrational clinical study for glioblastoma multiforme, or "GBM," in which Kintara Therapeutics is participating in all three patient subtypes, GCAR has announced that the study has screened over 1,000 patients and that enrollment rates for the study are 3 to 4 times greater than traditional GBM studies according to GCAR, with active sites averaging 0.75 to 1 patient per site per month. "Based on continued dialogue with GCAR in connection with the study, the company has determined that it will not disclose graduation from stage 1 - safety and efficacy: 100-150 patients - to stage 2 - confirmatory: 50 additional patients. As a result of the accelerated enrollment rate, the company expects to announce top line data from the Kintara arm of the study around the end of calendar year 2023."
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ADSE | Hot Stocks10:40 EST European Sustainable Growth Acq Corp trading resumes
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SRNE | Hot Stocks10:37 EST Sorrento completes enrollment in U.S. Phase 2 trial of COVI-DROPS - Sorrento Therapeutics announced that the U.S. Phase 2 study with intranasal COVI-DROPS treatment in COVID-19 outpatients has completed enrollment. This preliminary efficacy study enrolled 72 adult outpatients who received a single administration of 10 mg, 20 mg or 40 mg COVI-DROPS or placebo, randomized 1:1:1:1. The primary endpoint was viral load reduction from baseline. Key secondary endpoints included the proportion of subjects with medically-attended visits or hospitalizations and the change from baseline in the WHO Clinical Progression Scale score. There were no significant safety events reported during this study. Additionally, Sorrento announced that the UK Phase 2 study of intranasal COVI-DROPS treatment in COVID-19 outpatients who are asymptomatic or have mild symptoms has reached the interim analysis threshold of 50% enrollment. In this study, outpatient adults received a single instillation of 10 mg or 20 mg COVI-DROPS or placebo with a randomization of 2:2:1. The primary efficacy endpoint in the UK study is viral load reduction from baseline and key secondary endpoints also are similar to the US study. "Unlike the US study, this study uses a decentralized design where patients are assessed and treated in their homes. COVI-DROPS has also been well tolerated in this study. We anticipate reporting on the results from both the US trial and the interim analysis of the UK trial in the coming months. The results of these Phase 2 trials will be combined with the results from the planned Phase 2 trials in Mexico which enrolls children as well as adults. In contrast to some of the current EUA approved high dose neutralizing antibodies given by IV infusion or subcutaneous injection, COVI-DROPS is administered as a simple intranasal instillation into each nostril to recently infected subjects. The neutralizing antibody in COVI-DROPS is the same antibody as in COVI-AMG, which is a high potency/low dose IV push injection. This nAb was active in vitro and in animal models of COVID-19 infection against the SARS-CoV-2 variants of concern including the highly transmissible and virulent India/Delta variant, as well as the UK/Alpha variant and the original SARS-CoV-2 virus," the company stated.
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STT | Hot Stocks10:36 EST State Street sees Brown Brothers deal closing by end of Q1 - Says timing may fall in Q2. Sees about 25% y/y EBIT growth for the acquired business for each quarter in the first year post-closing vs. 15% y/y EBIT growth in the original acquisition deal modeling.
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AXSM | Hot Stocks10:35 EST Axsome Therapeutics says provided response to FDA on NDA deficiencies - In a regulatory filing last night, Axsome Therapeutics reported that the company has provided a response to the U.S. Food and Drug Administration addressing the two, previously disclosed, deficiencies related to analytical methods in the Chemistry, Manufacturing, and Controls section of the company's New Drug Application, or "NDA," for AXS-05 for the treatment of major depressive disorder. "At this time, Axsome has not been made aware of any other deficiencies related to the NDA by the FDA," the company stated in its filing.
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ADSE | Hot Stocks10:35 EST European Sustainable Growth Acq Corp trading halted, volatility trading pause
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STT | Hot Stocks10:34 EST State Street sees FY22 fee revenue up 3%-4%, NII up 10%-12% - Sees FY22 effective tax rate 17%-19%. Expenses expected to be up 1.5%-2% for FY22.
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STT | Hot Stocks10:33 EST State Street expects to reinstate share repurchases during Q2 - Comments taken from Q4 earnings conference call.
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DKNG | Hot Stocks10:03 EST DraftKings, Tulalip Tribes of Washington to operate sports betting - DraftKings and the Tulalip Tribes of Washington announced an exclusive market access partnership that will bring the DraftKings retail sportsbook experience to the state of Washington. Plans are underway to open DraftKings retail sportsbook locations at Tulalip Resort Casino and Quil Ceda Creek Casino, both located just 30-minutes north of Seattle in Tulalip, WA. Initial design plans for the DraftKings Sportsbook at Tulalip Resort Casino, pending licensure and regulatory approvals, will feature a 5,000 square-foot space with a 50-foot video wall and more than two dozen kiosks and eight ticket windows. The design of the DraftKings Sportsbook at Quil Ceda Creek Casino is still early in the planning phase but is expected to feature state of the art technology and share the same world-class betting experience found across all DraftKings branded retail sportsbooks.
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ADSK | Hot Stocks10:03 EST Autodesk acquires Moxion cloud solution - Autodesk announced the acquisition of Moxion, the New Zealand-based developer of a cloud-based platform for digital dailies used by filmmakers. Autodesk said in a statement that "The acquisition of Moxion's talent and technology will expand Autodesk's own cloud platform for Media and Entertainment upstream, moving beyond post-production into production, bringing new users to Autodesk while helping better integrate processes across the entire content production chain." The transaction closed during Autodesk's fourth quarter of fiscal 2022, ending January 31, 2022, and will have no material impact on Autodesk's fourth quarter and fiscal year 2022 guidance presented on November 23, 2021.
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BAESY INTC | Hot Stocks10:01 EST BAE Systems awarded $60M contract from Army Contracting Command - BAE Systems (BAESY) has been awarded a $60M contract from the Army Contracting Command - Rock Island under the Cornerstone Other Transaction Authority to develop certain types of next-generation, radiation hardened by design microelectronics leveraging Intel's (INTC) commercial foundry, Intel Foundry Services. The main goal of the program is to expand onshore access to state-of-the-art microelectronics technology for the United States government and aerospace community.
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USB | Hot Stocks10:01 EST U.S. Bancorp expects revenue to grow faster than expenses in 2022
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MSC | Hot Stocks10:00 EST Studio City falls -6.1% - Studio City is down -6.1%, or -37c to $5.70.
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USB | Hot Stocks10:00 EST U.S. Bancorp falls -6.6% - U.S. Bancorp is down -6.6%, or -$4.11 to $58.09.
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DDL | Hot Stocks10:00 EST Dingdong falls -15.5% - Dingdong is down -15.5%, or -$1.24 to $6.76.
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GENI | Hot Stocks10:00 EST Genius Sports rises 8.7% - Genius Sports is up 8.7%, or 54c to $6.76.
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CSPR | Hot Stocks10:00 EST Casper Sleep rises 11.6% - Casper Sleep is up 11.6%, or 60c to $5.80.
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BKKT | Hot Stocks10:00 EST Bakkt rises 13.7% - Bakkt is up 13.7%, or 72c to $5.96.
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BFC | Hot Stocks09:58 EST Bank First Corporation to acquire Denmark Bancshares for consideration of $119M - Bank First Corporation announced the signing of an Agreement and Plan of Merger with Denmark Bancshares, parent company of Denmark State Bank, a Wisconsin state-chartered bank, under which Bank First has agreed to acquire 100% of the common stock of Denmark in a combined stock-and-cash transaction. Under the terms of the Agreement and Plan of Merger, each Denmark shareholder will have the option to receive either $38.10 in cash per share or 0.5276 of a share of Bank First's common stock in exchange for each share of Denmark common stock, subject to customary proration and allocation procedures, such that no less than 80% of Denmark shares will receive stock consideration and no greater than 20% will receive cash consideration. The aggregate consideration is valued at approximately $119 million. As of December 31, 2021, Denmark had approximately $687.6 million in consolidated assets, $479.4 million in gross loans, $614.5 million in deposits and $68.0 million in consolidated stockholders' equity. Based on the financial results as of December 31, 2021, the combined company will have total assets of approximately $3.6 billion, loans of approximately $2.7 billion and deposits of approximately $3.2 billion. The Agreement and Plan of Merger has been approved by the Boards of Directors of Bank First and Denmark. The closing of the transaction, which is targeted to take place early third quarter 2022, is subject to customary closing conditions, including regulatory approval and approval by the shareholders of Denmark and Bank First. The two institutions offer a diverse set of competencies that when combined are expected to result in a stronger organization. Denmark has established itself as a leading provider of financial products and services in Northeast Wisconsin, resulting in a strong deposit base. This complements Bank First's already strong presence in Manitowoc County and enhances its growing footprint in Brown County. Bank First recently announced the purchase of a seven acre parcel of property to build a new flagship office along Shawano Avenue and South Taylor Street next to the Meijer store in Green Bay, solidifying its commitment to Green Bay and the surrounding communities. Denmark's customers will benefit from Bank First's 49.8% ownership of UFS, LLC, a bank technology outfitter which provides digital, core, cybersecurity, managed IT, and cloud services to banks in the Midwest. Bank First's relationship with UFS creates opportunities to access the latest advancements in banking technology at a faster rate than its peers.
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UTRS | Hot Stocks09:53 EST Minerva Surgical Inc trading resumes
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UTRS | Hot Stocks09:48 EST Minerva Surgical Inc trading halted, volatility trading pause
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VAXX | Hot Stocks09:48 EST Vaxxinity Inc trading resumes
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MLP | Hot Stocks09:47 EST Maui Land & Pineapple falls -6.3% - Maui Land & Pineapple is down -6.3%, or -63c to $9.33.
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OFG | Hot Stocks09:47 EST OFG Bancorp falls -7.9% - OFG Bancorp is down -7.9%, or -$2.39 to $27.81.
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DDL | Hot Stocks09:47 EST Dingdong falls -14.2% - Dingdong is down -14.2%, or -$1.14 to $6.86.
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BKKT | Hot Stocks09:47 EST Bakkt rises 8.2% - Bakkt is up 8.2%, or 43c to $5.67.
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MTL | Hot Stocks09:47 EST Mechel rises 8.7% - Mechel is up 8.7%, or 24c to $3.07.
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FREY | Hot Stocks09:47 EST Freyr Battery rises 10.6% - Freyr Battery is up 10.6%, or 92c to $9.57.
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PG | Hot Stocks09:44 EST Procter & Gamble says China business well-positioned for growth - Says almost all products consumed in China are made in China. Says "fully committed" to productivity gains as means to expand margins. Says majority of price increases announced have not yet hit the market. Says better positioned to deal with inflationary environment "than ever before." Says currently has very healthy portfolio and it assumes 100% organic growth, so no need for large M&A. Says commodity cost increases y/y "continue to be material."
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TKLF | Hot Stocks09:43 EST TKLF Stock trading resumes
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PLUG | Hot Stocks09:40 EST Plug Power sees FY25 revenue $3B, 20% EBITDA margin
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GWGH | Hot Stocks09:40 EST GWG Holdings trading resumes
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IMTE | Hot Stocks09:40 EST Intergrated Media Technology Ltd trading resumes
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PLUG | Hot Stocks09:39 EST Plug Power sees to ship 155 MW Electrolyzer in 2022 - Sees 1 GW backlog by end of 2022. Comments taken from slides being presented on the company's January 2022 business update.
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VAXX | Hot Stocks09:38 EST Vaxxinity Inc trading halted, volatility trading pause
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IMTE | Hot Stocks09:35 EST Intergrated Media Technology Ltd trading halted, volatility trading pause
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TKLF | Hot Stocks09:33 EST TKLF Stock trading halted, volatility trading pause
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GWGH | Hot Stocks09:31 EST GWG Holdings trading halted, volatility trading pause
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UNH | Hot Stocks09:29 EST UnitedHealth says growing market share once again - Says investing in multi-year growth platforms. Says pleased in way Optum Care has developed. Says set up retention for key staff. Says comfortable with multi-channel distribution approach. Says home delivery and specialty businesses are benefitting from investment in digital. Comments taken from Q4 earnings conference call.
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MIGI | Hot Stocks09:28 EST Mawson says on track for 3.35 EH by Q2 in Bitcoin self-mining expansion - Mawson Infrastructure Group is pleased to announce it is currently operating above 1.0 EH, and expects to be operating at approximately 1.1 EH by the end of January, +38% higher than the company's November update, and producing approximately 5.8 Bitcoin per day. The company's expansion in Sandersville, Georgia is progressing rapidly, with an additional 60MW of energy now available, taking the facility to 100MW of capacity. The company's Midland, Pennsylvania facility phase 1 of 50MW is on track to be energized in Q1, 2022, with phase 2 on track to be energized in Q2, 2022, for a total of 100MW. Mawson's facilities and contracted power currently sit at 220MW, plus a pipeline of over 1GW of energy. James Manning, CEO and Founder of Mawson, said, "Our operational expansion continues at pace, with both our Georgia and Pennsylvania facilities ramping up rapidly - this is a tremendous achievement from our team given the current bottle-necks in global supply chains. Our 'Infrastructure First' approach means we are able to continue to scale operations and strategically add Bitcoin miner ASIC's when it makes sense to do so. Our energy pipeline continues to grow, and we look forward to updating stockholders on this front in due course."
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MS | Hot Stocks09:26 EST Gorman doesn't expect to be CEO at Morgan Stanley in 5 years, he says
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USB | Hot Stocks09:24 EST U.S. Bancorp sees 1Q22 expenses relatively stable vs. 4Q21
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USB | Hot Stocks09:23 EST U.S. Bancorp sees FY22 NII up mid single digits on taxable equivalent basis
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USB | Hot Stocks09:23 EST U.S. Bancorp sees FY22 revenue up at high single digit rate - Sees FY22 credit card revenue stable on a y/y basis. Sees other revenue about $125M-$150M per quarter throughout 2022. Comments taken from Q4 earnings conference call.
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DBRG CONE | Hot Stocks09:22 EST DigitalBridge buys four existing Texas data centers from CyrusOne for $670M - DigitalBridge Group (DBRG) announced that its portfolio company DataBank, a provider of enterprise-class colocation, interconnection and managed cloud services, has agreed to acquire four existing data centers in the Houston, Texas metro area from CyrusOne (CONE), a global data center REIT, for $670M. The transaction positions DataBank as the largest independent data center provider in Houston, the nation's fourth-largest metro area. The new facilities will collectively add more than 300,000 square feet of raised-floor data center capacity and 42.5 MW of installed critical IT load, as well as a roster of blue-chip customers from the area's fast-growing healthcare, financial, energy, media and software sectors. Additionally, one of the facilities being acquired - the Houston West Campus - is the region's primary interconnection point, with over 30 fiber networks, 3,500 cross connects and public cloud on-ramps from AWS and Google. Located along a major fiber corridor in Houston, the Houston West Campus is strategically positioned with access to significant and redundant utility power feeds and access to the fastest and most reliable telecommunications networks. The transaction is being funded by an investor group led by DigitalBridge, DataBank's controlling shareholder. In addition to leading a consortium of world-class institutional investors to support the acquisition, DigitalBridge is investing $80M from its balance sheet to maintain its 20% ownership position in DataBank. Following the close of the transaction, DataBank's total portfolio will feature more than 65 facilities and 2.0 million square feet of raised-floor data center capacity. The third quarter 2021 annualized run-rate cash NOI represented by these acquired properties, including certain future contracted lease payments, aggregate $34.8M, and the acquisition includes 100% ownership of the underlying real estate. The transaction is expected to close late in the first quarter of 2022, subject to customary conditions and regulatory approvals.
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EZFL | Hot Stocks09:22 EST EzFill appoints Michael DeVoe as Chief Operating Officer - EzFill announced the appointment of Michael DeVoe as Chief Operating Officer. The former COO of Atlas Oil Company and EVP of Paraco Gas Corporation brings more than 25 years of expertise in operations, logistics, and retail energy to the Company. Cheryl Hanrehan officially announced her resignation as COO of EzFill on January 17th. Hanrehan will continue to serve as a member of the Company's board of directors, as well as a strategic advisor for the Company's management as it continues to execute its ongoing expansion plans.
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MTTR | Hot Stocks09:21 EST Matterport announces sales increase for Allseated Hospitality clients - Matterport is "transforming the event planning industry with technology platform partner, Allseated," the company said. Using Matterport's digital twins to create its virtual venues, Allseated gives venues a way to showcase their event spaces and book events without the need for onsite meetings. To date, the partnership has driven: 30% increase in sales for Allseated hospitality clients investing in digital twin-based virtual venue tours and space planning tools. 60% greater operational efficiency for venues and event professionals who save 2.5 hours in time spent diagramming and managing day-of set up errors. More accurate space dimensions and visual details. "As the world continues to adapt to a variety of ways to attend events, virtual planning and attendance is very effective and highly efficient," said Bill Linehan, Global Strategy Lead for Travel and Hospitality at Matterport. "Matterport is well on its way to digitizing the built world so companies can utilize digital twins to be more efficient and productive. We are pleased to support Allseated as they digitally transform the events industry and take it virtual."
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DYNT | Hot Stocks09:20 EST Dynatronics announces Brian Baker rejoins as COO - Dynatronics announced that Brian Baker rejoined the company full-time as COO effective immediately. Baker joined Dynatronics as president of therapy products in February 2018. He served as COO from May 2019 until his promotion to CEO in August 2019. Baker held that position until July 2020 when he resigned due to health issues relating to the COVID-19 virus. Following his resignation as CEO, Baker continued as a member of the Dynatronics board of directors and a consultant to the company. With this appointment as COO of Dynatronics, Baker has stepped down from his role on the board of directors of Dynatronics. With his resignation, the number of directors on the company's board will return to six.
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MNTV ZEN | Hot Stocks09:19 EST Momentive urges shareholders to vote for all proposals on Zendesk transaction - Momentive Global (MNTV) mailed a letter to stockholders in connection with the Special Meeting of Stockholders that has been called to approve proposals relating to the Company's previously announced transaction with Zendesk (ZEN). The Momentive Board of Directors unanimously recommends that Momentive stockholders vote on the WHITE proxy card "FOR" all proposals relating to the proposed transaction with Zendesk ahead of the Special Meeting, which has been scheduled for February 25, 2022. The letter read in part, "You will be asked to make an important decision regarding the future of our company at Momentive's Special Meeting of Stockholders, which is scheduled to be held on February 25th. As a stockholder of Momentive, you will have the opportunity to approve the Company's proposed combination with Zendesk, which is designed to deliver enhanced value for our stockholders and customers by creating a differentiated platform that gives businesses what they need - deeper customer intelligence. With a broader set of solutions and a demonstrably larger customer base to cross sell against, Zendesk and Momentive will be uniquely positioned to serve a global market and generate significant growth. Put simply, this transaction will enable Momentive stockholders to participate in the upside potential of a larger scale, faster growing company with a strong profitability profile...The Momentive Board of Directors is confident that combining with Zendesk will maximize value for the Company and its stockholders. The Momentive Board undertook a comprehensive strategic review process before unanimously determining that the Zendesk transaction is the best path forward for the Company with compelling financial benefits to Momentive stockholders."
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MDLZ | Hot Stocks09:16 EST Mondelez releases third annual State of Snacking report - Mondelez International announced the launch of the third annual State of Snacking report, a global consumer trends study examining year-over-year insights on how consumers make snacking decisions. This year's report shows mindfulness and well-being considerations are increasingly important in snacking. The report also confirms that consumers prefer snacking as a regular eating behavior over traditional mealtime for the third consecutive year. This trending preference for snacking spikes among younger generations, with 75% of Gen Z replacing at least one meal each day with a snack. The 2021 State of Snacking report, developed in partnership with The Harris Poll, findings "demonstrate the expanded meaning of snacking in consumers' lives," the company said. Key findings include: Expanded definition; Beyond nutrition; Integrating purchasing decisions with values; Expanding snacking experiences through social connectivity. "Our State of Snacking report found that the definition of snacking is evolving among consumers globally, which is reshaping the meaning of snacking within people's lives," said Dirk Van de Put, Chairman and CEO of Mondelez International. "Snacking is much more than a source of nutrition and indulgence; it also is a source of social connection and inspiration for broadened experiences. Notably, consumers continue to prefer snacking occasions throughout the day over traditional mealtime - as this growing behavior, accelerated by the ongoing pandemic, increasingly becomes part of daily life. That's why we are proud to continue offering the right snack, for the right moment, made the right way."
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CRL | Hot Stocks09:15 EST Charles River, Valo Health form multiyear strategic partnership - Charles River and Valo Health announced the formation of a multiyear strategic partnership. This agreement will combine Valo's Opal Computational Platform with Charles River's drug discovery and development capabilities to offer a new transformative, AI-enabled drug discovery and development platform. Recognizing the challenges of preclinical drug discovery, from high costs, time, and attrition rates, Valo and Charles River have joined forces to create enhanced drug discovery solutions that aim to transform the entire preclinical drug discovery process. Valo and Charles River intend to create and deliver offerings that produce preclinical assets with key performance characteristics optimized for client preferences. The partnership's combined offerings will utilize Valo's Opal Platform for small molecule development, which leverages a "closed-loop" in silico-experimental platform that rapidly iterates using program data to identify novel compounds, and leverages Charles River's capabilities in all aspects of discovery optimization, including medicinal chemistry, ADME, biology, pharmacology, and ultimately safety testing and IND submission. The combined offering will be launched in the first half of 2022 and will be available exclusively from Charles River.
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VZ | Hot Stocks09:15 EST Verizon says over 20M households have access to 5G Ultra home internet - The company said, "Now that America's most reliable network is going Ultra, it's time to get the most out of Verizon's 5G Ultra Wideband network, which will be available to 100 million more people this month in over 1,700 cities around the nation. More than 20 million households now have access to game-changing home wireless broadband, and more than 2 million businesses are covered with 5G Business Internet service. Our new 5G Ultra Wideband Unlimited plans - 5G Get More, 5G Play More and 5G Do More - give you all the benefits of 5G Ultra Wideband and much more offered for the same price as today's plans. Our 5G Home Internet plans, 5G Home and 5G Home Plus, change the game with a plug and play self set up, guaranteed pricing, no annual contracts, no extra fees, no data overages or equipment charges - all at an incredible value. 5G Ultra Wideband is also available for your business with 5G Business Unlimited mobile plans - Business Unlimited Plus and Business Unlimited Pro - and multiple plans for fixed-wireless 5G Business Internet from Verizon Business.:
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FUV | Hot Stocks09:13 EST Arcimoto, Adventure Center to begin FUV rentals in Fort Lauderdale, Florida - Arcimoto and Adventure Center announced that they will begin renting Arcimoto Fun Utility Vehicles, FUV, in Fort Lauderdale beginning in February 2022. "Adventure Center has long been leading the charge for three-wheel vehicle rentals in South Florida, and we are thrilled to now offer their customers a pure electric option." said Mark Frohnmayer, Arcimoto Founder and CEO. "This partnership continues to build upon Arcimoto's destination rental strategy, driving revenue per vehicle built, as well as brand awareness as happy customers cruise FUVs up A1A, and beyond. There is simply no better advertising."
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GENE | Hot Stocks09:13 EST Genetic Technologies focused on commercialization opportunities for Multi-Test - The Company remains focused on the commercialization opportunities for the Multi-Test, continued leveraging the EasyDNA brand and product suite to grow the revenue base, further investment in R&D to enhance our Multi-Test offering and COVID-19 Risk Test and continuing to remain at the cutting edge of genetic testing and preventative health. Commenting on the forward outlook, Simon Morriss stated: "We are pleased with the progress made over this quarter and with the integration of the EasyDNA team while continuing to advance our product commercialization pathway opportunities."
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ISDR | Hot Stocks09:13 EST Issuer Direct appoints Tim Pitoniak as CFO - Issuer Direct announced that effective January 24, Tim Pitoniak will join the company as its new CFO, and Steve Knerr will take on the new role of VP of finance and controller. Pitoniak will provide leadership and oversight of the company's financial operations, reporting, planning, and select other functions. Pitoniak brings more than 20 years of financial experience primarily for public companies, with an extensive background in financial planning, operations, management and strategy.
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ADS... | Hot Stocks09:12 EST Alliance Data backs FY22 receivables growth of high-single to low-double digit - In a regulatory filing last night, Alliance Data (ADS) reconfirmed its expectation for high-single to low-double digit receivables growth for the full year 2022. "As previously disclosed, the company has visibility in its receivables forecast, which includes new business development, continued portfolio optimization and renewal and non-renewal projections," the company stated. The filing came after The Wall Street Journal had reported that BJ's Wholesale Club (BJ) is moving its co-branded credit cards to Capital One Financial (COF) away from Alliance Data.
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UPH | Hot Stocks09:12 EST UpHealth names Edna Boone Johnson Chief Communications and Marketing Officer - UpHealth has appointed Edna Boone Johnson as Chief Communications and Corporate Marketing Officer, effective immediately. Johnson's previous employers include Michelin North America, Burger King Corporation and the CNN News Group. Before joining UpHealth, Johnson served at Michelin for more than a decade.
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DOMO | Hot Stocks09:12 EST Domo announces Mohammed Aaser as Chief Data Officer - Domo announced that Mohammed Aaser has joined the company as Chief Data Officer. He brings more than 15 years of experience to the role, most recently as Chief Data Officer at McKinsey and Company, where he championed the strategic use of data across thousands of client initiatives in all industries. As Chief Data Officer, Aaser will support customers by helping them create modern data experiences that automate and accelerate key business processes and optimize strategic outcomes. He will also work closely with the company's data and technology partners to extend the power of Domo's robust ecosystem of integrations, which includes more than 1,000 pre-built connectors. "Mohammed has an incredible passion for making data accessible and actionable for all and aligning its use with key business goals," said Josh James, founder and CEO, Domo. "We're thrilled to leverage his expertise to help customers compose new ways to use data with Domo to optimize how work gets done across the business."
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USIO | Hot Stocks09:11 EST Usio announces city in California chooses company's prepaid card technology - Usio announced that the City of Oakland Department of Transportation, California, has chosen the Company's proprietary prepaid card technology as the payment solution for its groundbreaking Universal Basic Mobility Pilot. Louis Hoch, President and Chief Executive Officer of Usio, said, "As the acknowledged leader in electronic payments solutions for guaranteed income programs, we are pleased to have developed innovative technology that will help the Oakland DOT make access to their transportation network more affordable to those in need. Like the numerous other guaranteed income programs we support around the country for governmental entities both large and small, we developed a customized payment solution for Oakland DOT that provides a contemporary payment technology that is responsive to both their needs as well as those of their constituents. I want to thank the Oakland DOT for their confidence in Usio, and we look forward to supporting this very worthy program." Under this pilot program, citizens living or working in East Oakland can apply to receive up to $300 that can be used only for transit and shared mobility on a prepaid debit card. Up to 500 participants have been randomly selected from qualified applicants.
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GENE | Hot Stocks09:11 EST Genetic Technologies reports cash balance of A$13.5M - Highlights: Solid cash balance of A$13.5 million and increased customer receipts of A$1.8 million further extending runway for growth; 'One company two brands' approach leverages EasyDNA acquisition with launch of the Multi-Test product; Multi-Test technical validation complete and submitted to NATA1 and CMS2 for final regulatory approval ahead of the commercial release; Multi-Test to address a burgeoning market determining personal risk of developing a range of serious diseases including: breast cancer, colorectal cancer, ovarian cancer, prostate cancer, coronary artery disease, type 2 diabetes; US patent application for novel geneType COVID-19 Risk Test has been accepted and cross validation study completed in independent cohort confirming test performance and utility; Study of 200,000 participants presented at 2021 San Antonio Breast Cancer Symposium validating the risk model with an expanded panel of 313 Single Nucleotide Polymorphisms; EasyDNA distribution network provides access to a significant addressable market with 70 websites in 40 countries and further engagement with IBX on the COVID-19 Risk Test; COVID-19 Risk Test - expanded US patient access with new partnership agreement signed with 1Health and IBX. Cross validation study completed, independent cohort confirms test performance and utility. Emergence of new strains of CO.
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MS | Hot Stocks09:10 EST Morgan Stanley 'cognizant' of pressure on expenses, will 'pay for performance'
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AMD | Hot Stocks09:10 EST AMD announces additions to AMD Radeon Pro W6000 Series graphics - AMD announced new additions to the AMD Radeon PRO W6000 Series desktop and mobile workstation graphics lineup, designed to deliver exceptional performance, stability and reliability for professional users, including CAD designers, engineers and office knowledge workers. The new AMD Radeon PRO W6400 graphics card is built on the high-performance, energy efficient AMD RDNA 2 graphics architecture and advanced 6nm manufacturing process technology, with 16MB of high-bandwidth, low-latency AMD Infinity Cache memory technology acting as a bandwidth amplifier. Offering an ideal blend of performance and efficiency at an affordable price, the new graphics card is optimized for the requirements of today's popular CAD and office productivity applications in a compact design that can be easily added to modern small-form-factor desktops.
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CONE | Hot Stocks09:09 EST CyrusOne to divest four Houston data center assets for $670M - CyrusOne announced it has entered into a definitive agreement with DataBank for the sale of its four Houston data center assets. Under the terms of the agreement, DataBank will acquire the Houston West I, II and III and Houston Galleria data centers from CyrusOne. Additionally, CyrusOne will lease back from DataBank the Houston West III shell to support a lease signed with a hyperscale customer in Q4. Total consideration for the transaction will be approximately $670M, subject to a net working capital adjustment, with proceeds from the sale used to fund future development projects. The Q3 annualized run-rate cash NOI represented by these properties, including the future first year lease payments that will be made by CyrusOne, aggregate $34.8M, implying a transaction cap rate of 5.19%. The divestiture is expected to close by the end of the first quarter of 2022, subject to customary closing conditions.
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TACO | Hot Stocks09:09 EST Del Taco opens first Fresh Flex prototype location in Florida - Del Taco Restaurants opened its Fresh Flex location at 5260 US HWY 192 in Orlando, FL last month. The new Fresh Flex design is tech enabled and includes options such as mobile app and third-party pick-up lockers, double drive-thru lanes with dedicated lanes for mobile orders and delivery providers, and designated parking lot areas for those who want to park and eat on the go. "Our new Fresh Flex design is primed to capitalize on opportunities as it allows our franchisees to leverage a variety of real estate options. Now more than ever, a format that allows for flexibility is crucial," said Del Taco's CEO, John Cappasola. "We have had so much excitement from current and prospective franchisees for Fresh Flex and our Menu of Venues model and I am thrilled that our first Fresh Flex drive-thru only location will be built by a franchisee in 2022."
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HIMS... | Hot Stocks09:08 EST Hims & Hers names Yemi Okupe as CFO - Hims & Hers Health announced a number of leadership appointments that firmly position the company for success in pursuit of its mission to transform the legacy healthcare and wellness industry. The company has named Yemi Okupe , a PayPal (PYPL), eBay (EBAY), Google (GOOG), Braintree, and Uber (UBER) veteran with a decade of experience scaling high-growth, industry-disrupting companies - as Chief Financial Officer. Additionally, Hims & Hers Chief Medical Officer Dr. Patrick Carroll is being elevated to the company's Board of Directors. We're delighted to welcome Yemi to the Hims & Hers family," said Hims & Hers CEO Andrew Dudum. "Yemi's superpower is taking high-growth companies with the potential to transform entire industries and helping them to seize that opportunity, scale rapidly, and build a business for the long-term. We could not have found a better person to help lead us through this next phase of growth as we continue our efforts to remake the healthcare and wellness industry."
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EDRY | Hot Stocks09:07 EST EuroDry announces agreement to acquire M/V Molyvos Luck - EuroDry announced that it has agreed to acquire M/V Molyvos Luck, a 57,924 dwt drybulk vessel built in 2014, for $21.2 million. The vessel was majority owned by an un-affiliated third party and has been managed by Eurobulk Ltd., also the manager of the majority of the Company's vessels. The vessel is expected to be delivered to the Company around the end of January 2022. The Company will also assume the existing charter of the vessel at $13,250/day until April 2022. The acquisition will be initially financed by the Company's own funds; a bank loan will be arranged to partly finance the acquisition after the purchase is completed. Aristides Pittas, Chairman and CEO of EuroDry commented: "We are pleased to announce the acquisition of M/V Molyvos Luck, a Supramax, drybulk carrier built in 2014. This acquisition further expands our modern fleet cluster at a time when the market fundamentals are very supportive of a continuing strong market as there are signs that the pandemic may recede and fleet growth is expected to be limited as evidenced by the historically low levels of the orderbook. At current market rates, we expect that M/V Molyvos Luck will make a significant contribution to our net income and EBITDA. The accumulation of funds that our fleet generates provides us with several investment, expansion or other shareholder reward options and we will continue pursuing those most appropriate for the benefit of our shareholders at any given point."
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JPM MA | Hot Stocks09:07 EST Chase to be exclusive issuer of Instacart credit card - Chase (JPM) and Instacart announced an expansion of their existing partnership to make Chase the exclusive issuer of Instacart's first credit card. As a part of this partnership, Mastercard (MA) will become the exclusive payments network for the new offering. The new Instacart Mastercard credit card will be the first Chase co-branded card offering in the on-demand grocery delivery space. The card will allow consumers to earn accelerated points on purchases across the Instacart marketplace, which includes more than 700 national, regional and local grocers and retailers. The card is expected to launch in 2022 and will also offer a number of other benefits, perks and savings.
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PCTY | Hot Stocks09:06 EST Paylocity announces acquisition of Cloudsnap, terms not disclosed - Paylocity announces the acquisition of Cloudsnap Inc., a flexible, low-code solution for integrating disparate business applications. Cloudsnap's technology enables seamless integration of systems to automate manual data exchange processes, creating a modern user experience. The company's integration automation platform facilitates development and deployment of API integrations, allowing clients to automate data flows across systems such as HR and financial applications. Integrating HR tools with third-party systems has historically relied on manual processes or heavily customized integrations, which are difficult and time consuming. This often means that HR teams can't easily share data across business systems and functions, creating business inefficiencies, data errors, and compliance challenges. Cloudsnap technology will enable Paylocity to deliver modern integrations and seamless data sharing between critical systems more efficiently and effectively, while helping to unify and automate business processes across HR, Finance, Benefits, and other systems. Paylocity expects Cloudsnap to have an immaterial impact to third quarter and fiscal 2022 financial results and will update financial guidance in the normal course of business in its second quarter fiscal 2022 earnings release.
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PHG | Hot Stocks09:06 EST Philips to support AHA's efforts to raise awareness of CIED infections - Royal Philips is supporting the American Heart Association's, AHA, effort to generate awareness among cross-disciplinary specialties and improve survival rates from cardiovascular implantable electronic device, CIED, infections. With the support of Philips, the American Heart Association's national CIED infection initiative will work with medical professionals across a variety of specialties to prevent and properly treat infections resulting from cardiovascular implantable electronic devices such as pacemakers, implantable cardioverter-defibrillators and cardiac resynchronization devices. "By supporting the American Heart Association, we have a significant opportunity to improve care for a large group of cardiovascular patients," said Chris Landon, Senior Vice President and General Manager Image Guided Therapy Devices at Philips. "At Philips, we want to support medical professionals and their efforts to follow guideline-directed care and decrease the complications and negative outcomes that too often follow CIED infections."
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FCCO | Hot Stocks09:05 EST First Community reports Q4 EPS 52c, consensus 49c - Reports Q4 loan loss provision ($59K) vs. $276K a year ago. Reports Q4 net charge-offs ($213K) vs. $0 a year ago. Tangible book value per share was $16.62 at quarter end from $16.37 at previous quarter end.
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FCCO | Hot Stocks09:05 EST First Community reports Q4 EPS 52c, consensus 49c - Reports Q4 loan loss provision ($59K) vs. $276K a year ago. Reports Q4 net charge-offs ($213K) vs. $0 a year ago. Tangible book value per share was $16.62 at quarter end from $16.37 at previous quarter end.
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RXT BTGOF | Hot Stocks09:05 EST BT Group selects Rackspace as cloud partner - BT (BTGOF) and Rackspace Technology (RXT) announced a partnership agreement to transform BT's multinational customers' cloud services. Under the terms of the agreement, BT hybrid cloud services will be based on Rackspace Technology's cutting-edge solutions, which the company will deploy in BT data centres along with its Rackspace Fabric management layer. The companies have also committed to extend their partnership in the future to create new joint cloud offerings for their customers.
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SHIP | Hot Stocks09:03 EST Seanergy Marine announces additional $5M buyback of convertible notes - Seanergy Maritime Holdings announced an aggregate of $5 million in buyback and partial elimination of the outstanding convertible note, utilizing 50% of its second share repurchase plan. As previously announced and following the full completion of the first share repurchase plan, the Board of Directors authorized the additional Plan, under which the Company might repurchase up to an additional $10 million of its common shares, convertible notes or warrants. The Note carries a 5.5% coupon, has a $1.20 per share conversion price and is held by Jelco Delta Holding Corp. Based on the conversion price, the buyback is preventing potential dilution of 4.17 million shares. Seanergy will realise annual interest savings of $275,000 as a result of the deleveraging effect of the prepayment. Moreover, the Company's cash sweep obligations for 2022 under its outstanding loan and Note with Jelco have been waived. The Company expects to record a non-cash accounting loss of approximately $1.5 million in the first quarter of 2022, associated with the accounting treatment of the Note. Nonetheless, the prepayment will have a positive impact on the income statement for 2022-24 through the elimination of non-cash charges of an average of $0.5 million per year.
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NN | Hot Stocks09:03 EST NextNav selected to deliver z-axis capabilities for 911 by top wireless carrier - NextNav has entered into an agreement with one of the nation's largest wireless carriers to deliver vertical location for Enhanced 911, using NextNav's Pinnacle 911 solution for all its customers. The delivery of vertical location to public safety answering points, PSAPs, nationwide is a step in improving emergency response in the United States. With NextNav's Pinnacle 911 reaching over 4,400 cities and towns in the United States, the implementation of this service will exceed the Federal Communication Commission's, FCC, Z-axis requirement for nationwide E911. "For over two decades, one of public safety's key needs has been 3D geolocation information - especially floor-level vertical location," said Ganesh Pattabiraman, CEO of NextNav. "Partnering with one of the nation's largest wireless carriers to deliver precise, Z-axis information will not only improve geolocation information for PSAPs, but save lives by reducing emergency response times by over 80%. This adoption of our Pinnacle technology for 911 marks a historic step forward for communities around the nation, and public safety as a whole."
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AVPT | Hot Stocks09:02 EST AvePoint launches Confide virtual data room - AvePoint launched Confide, a virtual data room to help businesses manage sensitive data needs, and collaborate with greater confidence. Confide is the only virtual data room fully integrated with Microsoft 365, and hosted on the end-user cloud tenant, providing optimal security and initiation efficiency. Confide enables businesses to seamlessly work with both internal and external actors, without the concern of data breaches, accidental exposure, and costly mistakes, especially when engaging in highly confidential projects like mergers and acquisitions, financial audits, intellectual property, and executive collaboration.
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GSS | Hot Stocks09:01 EST Golden Star Resources and Chifeng Jilong Gold receive NDRC regulatory approval - Golden Star Resources has been advised by Chifeng Jilong Gold that Chifeng and its subsidiary Chijin International, and Chijin's assignee Kefei Investment, have received one of the three required regulatory approvals from the People's Republic of China with respect to the plan of arrangement involving the company, Chifeng, Chijin and the Assignee, pursuant to the arrangement agreement. The approval from the NDRC is the first of three PRC approvals required for the transaction. The second PRC approval process, from the Ministry of Commerce, is in progress. On receipt of MOFCOM approval, Chifeng will submit an application to the State Administration of Foreign Exchange for the third and final PRC regulatory approval required as a condition for closing of the transaction. Chifeng, through Chijin and the Assignee have agreed to acquire all of the issued and outstanding common shares of Golden Star. Upon completion of the transaction, holders of Golden Star Shares will receive total cash consideration of $3.91 per Golden Star Share, which equates to a total transaction value of approximately $470M. Upon completion, the Golden Star Shares are expected to be delisted from the NYSE American, the TSX and the Ghana Stock Exchange. The transaction is expected to be completed later in January 2022.
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STMH | Hot Stocks09:01 EST Stem Holdings granted adult-use license for existing Sacramento dispensary - Stem Holdings announced being granted an adult-use license for its existing Foothills Health & Wellness 4,600 square foot retail storefront in Sacramento, California. In 2021, this location generated approximately $5.5 million in medicinal retail cannabis sales. Management believes it possible to double annualized sales at this location under adult-use.
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BLDR | Hot Stocks08:59 EST Builders FirstSource launches offering of $300M of senior notes - Builders FirstSource announced that it has launched an offering of $300 million aggregate principal amount of its 4.250% Senior Notes due 2032. The Notes will form part of the same series as the $1 billion aggregate principal amount of 4.250% Senior Notes due 2032 issued on July 23, 2021. The Company intends to use the net proceeds from the offering to repay a portion of the indebtedness outstanding under its senior secured ABL facility and to pay related transaction fees and expenses.
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CCRN | Hot Stocks08:54 EST Cross Country Healthcare CEO to transition to chairman, John Martins to succeed - Cross Country Healthcare announced that Kevin Clark, co-founder and CEO of the company will transition from his current role as president and CEO effective March 31 to chairman of the company's board of directors, where he will continue to lead Cross Country Healthcare's strategic direction. In connection with this transition, John Martins, group president, delivery, will be promoted to president and CEO of the company and appointed to the company's board of directors. Thomas Dircks, who has served as the company's chairman since 2013, will continue to serve as an independent director of the company's board of directors. Larry Cash will continue to serve as the company's lead director.
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QUBT | Hot Stocks08:49 EST Quantum Computing provides Quantum Consulting to Quad M Solutions - Quantum Computing announced its first customer for QCI Qonsulting. QCI will provide consulting and quantum-driven solutions to employee staffing solutions company Quad M Solutions. Quad M offers staffing services and employee benefits such as self-funded health plans to small, mid-sized employers and PEO's. QCI will deliver health insurance underwriting applications to Quad M for optimization of its underwriting services as a subscription with a monthly fee for every employee that avails themselves of Quad M's health solution. Quad M expects to apply these applications to over 100,000 insured lives by the end of 2022.This collaboration will utilize QCI's Qatalyst(TM) software to provide more accurate and diverse underwriting insights, leveraging quantum-ready classical, early NISQ, and eventually full-scale quantum computers. QCI will work with Quad M's database of 100K employees to provide deeper insights that drive more robust underwriting solutions for Quad M. Once proven, Quad M and QCI will jointly market the product to other self-insured companies as well as medical insurance providers.
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QUBT | Hot Stocks08:48 EST Quantum Computing introduces Quantum Consulting, four-phase framework - Quantum Computing announced its consulting practice, QCI Qonsulting, and Path2Quantum, a four-phase framework that organizations can use to explore, measure, and strategically plan their quantum computing adoption. The company also announced its first Qonsulting customer, employee staffing company Quad M Solutions. QCI will deliver quantum-ready solutions to Quad M for optimization of its health insurance underwriting services. QCI Qonsulting engagements leverage proven expertise in vendor-neutral quantum software and algorithms, as well as the company's ready-to-run quantum software, Qatalyst. QCI believes that Qonsulting will empower organizations to chart a comprehensive strategic path to quantum, while dramatically de-risking time and investment in early quantum exploration. QCI's Qonsulting and Qatalyst offer a simpler, more efficient choice by providing organizations with a straightforward path to explore a wide array of quantum options across diverse QPUs with no need for expensive quantum development. They benefit from a comprehensive and accelerated quantum exploration with a much lower associated investment and risk. Qonsulting also features Qatalyst ready-to-run quantum software, providing business users with straightforward access to quantum computing. Business subject matter experts learn to easily model, submit, and solve their problems on quantum-ready and quantum systems, with no quantum expertise required. Primary to Qonsulting is the commitment to chart and execute a practical and successful pathway to quantum. QCI's P2Q framework defines four flexible phases in the journey to initial and ongoing quantum value. Each phase builds on the exploration and lessons learned from the previous phase. This results in organizations defining a comprehensive and strategic plan for quantum computing adoption. Companies may start at different points based on their needs and readiness. The framework is outlined briefly below: Phase I: Identify expectations, evaluate quantum-possible use cases/problems/applications and prioritize quantum-possible opportunities. Phase II: Explore quantum hardware and software options, define best infrastructure to test and measure for specific quantum-possible problems. Phase III: Test quantum problems and infrastructures across diverse configurations, from quantum-ready classical to hybrid to pure quantum, tune problems, measure potential. Identify the best possible strategic phases to move forward with quantum, including target infrastructures, timing for each phase as QPUs advance, and expected results at each stage. Phase IV: Begin initial processing based on the Phase III plan. Test, refine and continue to advance, as clients identify the next quantum-possible opportunities in the successive Phase I.
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PG | Hot Stocks08:47 EST Procter & Gamble says inflationary pressures 'broad based,' sees price increases - Says does not expect inflation to abate near term. Says freight, transportation costs continue to increase. Expects to offset with price increases, productivity gains. Says price increases will vary by brands. Says current environment a "temporary rough patch" to get through. Says price increases to have more of an effect on sales in 2H22. Sees earnings growth stronger in Q3, Q4. Says "well-positioned" to grow post-Covid-19 crisis. Comments taken from Q2 earnings conference call.
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STRM | Hot Stocks08:47 EST Streamline Health announces contract with medical center in North Carolina - Streamline Health Solutions announced it has signed a contract with an Epic EHR-based regional medical center located in Eastern North Carolina. The nearly 700-bed medical center will use eValuator's automated pre- and post-bill coding analysis technology to help improve revenue integrity and financial performance from their inpatient and outpatient services. "Providers understand the need to proactively address coding accuracy on all claims prior to billing, and we're excited to have another North Carolina-based healthcare organization select eValuator to help them achieve this goal," stated Tee Green, President and Chief Executive Officer, Streamline Health. "Accurate coding helps optimize financial performance, ensuring that providers have the financial resources they need at this critical time."
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NI | Hot Stocks08:47 EST NiSource outlines progress towards sustainability goals - NiSource presented its environmental sustainability commitment in a 2021 Climate Report that outlines the company's emissions reduction goals and initiatives. Highlights from the report include these goals: 100% coal-free by rebalancing its energy mix by 2026-2028; 90% reduction of greenhouse gas emissions by 2030, with a 63% reduction already accomplished; 50% reduction in methane emissions from main and service lines by 2025; 3,300 MW of renewable energy added by 2023; 99% reduction in water withdrawals by 2030. Throughout 2022 and beyond, NiSource will continue to engage with state commissions, other utilities, customers and interested stakeholders on how to implement a just energy transition as part of the company's long-term energy strategy.
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MS | Hot Stocks08:45 EST Morgan Stanley 'fully expects' to achieve goals, says CEO Gorman
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TNYBF | Hot Stocks08:45 EST Tinley Beverage Company to produce 'Green Monke' sodas can line - The Tinley Beverage Company announces that international cannabis beverage brand 'Green Monke' is scheduled to begin can line production of five planned flavours at Tinley's Long Beach Facility in Q1 2022, with production of full-batches expected to repeat near-monthly. 'Green Monke' Happy Sodas are cannabis-infused sparkling drinks in tropical flavors. The Tinley Beverage Company announces that international cannabis beverage brand 'Green Monke' is scheduled to begin can line production of five planned flavours at Tinley's Long Beach Facility in Q1 2022, with production of full-batches expected to repeat near-monthly. "'Green Monke' Sodas were developed by seasoned drink professionals who understand the art and science of crafting cannabis-infused beverages," said Ted Zittell, a Tinley's director, and member, of Tinley's Office of the CEO. "We share a commitment to quality with the 'Green Monke' team, and we both believe that high-quality infused drinks are meant to be delicious and refreshing," he added. "Our careers in the beverage industry have crossed paths over decades, and it only makes sense that 'Green Monke' would work together with us now to manufacture their line-up of great-tasting sparkling sodas at Tinley's Long Beach facility."
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FLL | Hot Stocks08:44 EST Full House Resorts revises budget for Chamonix Casino Hotel to $250M - The Company also announced that it has increased the anticipated investment for its luxury Chamonix Casino Hotel, currently under construction in Cripple Creek, Colorado. The revised Chamonix budget is $250 million, reflecting completion of sub-contracting of much of its hard-dollar construction budget. The increased construction costs reflect supply chain issues, inflation, and a difficult construction environment. Management believes that there will not be further budget increases. The Company has sufficient cash and resources to complete the project at the higher budget number and is, accordingly, transferring cash to its restricted construction cash account to fund the increased construction costs, in accordance with its debt covenants.
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FLL | Hot Stocks08:43 EST Full House Resorts plans to invest $100M in temporary casino in Illinois - The Company announced details regarding its plans for a temporary casino in Waukegan, Illinois. Named The Temporary by American Place, the Company plans to invest approximately $100 million in its temporary facility, which includes significant upfront gaming license payments and the purchase of slot machines that are expected to be transferred to the permanent casino once opened. The Company intends to finance The Temporary with new debt and expects to open the facility in mid-2022 with approximately 1,000 slot machines and 50 table games, subject to regulatory approval. The Company has agreed to purchase approximately ten acres of strategically-important land adjoining the 29-acre casino site to be leased from the City of Waukegan. The temporary casino will be in a "sprung structure" at one end of the combined 39-acre site and will utilize many of the same parking lots that will serve the permanent casino, to be built at the other end. For detailed renderings and a video flythrough of the permanent American Place facility, please visit www.AmericanPlace.com.
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MS | Hot Stocks08:42 EST Morgan Stanley sees $500M of incremental NII in wealth management this year
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GRIL | Hot Stocks08:40 EST Muscle Maker's Pokemoto division grows Mississippi market - Muscle Maker subsidiary Pokemoto announced it has signed two additional franchise agreements in the Mississippi market. These two new agreements bring the total of new franchise and development agreements signed by Pokemoto to 27 since November 2021. The two new Mississippi franchise agreements will be located in the Jackson, Mississippi market. The Pokemoto real estate team will focus its efforts on densely populated trade areas with a large presence of Millennials and Gen-Zs. "Company growth through franchising and strategic corporately owned store expansion is what we're striving to do, and now we're at 27 newly signed Pokemoto agreements, a 40-unit development agreement for Muscle Maker Grill restaurants and multiple corporate locations under construction or planning stages," said Mike Roper, CEO of Muscle Maker, Inc. "Our recent additions of seasoned franchise sales and training teams have added more fire power to our company infrastructure allowing us to fuel our expansion plans. The new hires in addition to partnerships with franchise brokers such as Franserve, lead generation agencies and participation in multiple franchising trade shows allows us to pull multiple levers in unison to power our growth strategy."
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TIVC | Hot Stocks08:40 EST Tivic Health starts 2nd study of bioelectronic platform as opioid alternative - Tivic Health Systems announced initiation of its second clinical study investigating the extension of the company's bioelectronic platform, "offering a potentially new alternative to opioids for post-operative care following sinus surgeries,' said the statement. This 60-person double-blind, randomized controlled trial will be conducted with an international hospital leading in medical and scientific training, biomedical research, and patient care. Tivic Health currently offers an FDA-cleared bioelectronic treatment for sinus pain and nasal congestion - a condition that impacts over 200-million U.S. adults. The upcoming trial will investigate the extensibility of Tivic Health's platform as a specialized treatment for pain following functional endoscopic sinus surgery, an intervention involving removal or modification of bone and tissue in the sinus airway passages. Tivic Health previously completed an open-label pilot study with the U.S. Institute for Advanced Sinus Care and Research comparing different programming modes for the device. Clinical measures for the newly initiated study will include postoperative pain and use of opiate medication during the study period.
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STGW | Hot Stocks08:40 EST Stagwell consolidating two media network agencies under MMI brand - Stagwell announced the combination of Stagwell Media Network agencies MMI and Media Kitchen under the MMI brand. The announcement comes on the heels of MMI's continued year-over-year growth for the past five years, expansion of its partnership with a CPG manufacturer, and further diversification of its Amazon work. The enhanced agency includes 130 employees from MMI and 45 from Media Kitchen. Collective clients and experience include Amazon, Gillette, Loews Hotels, Olay, Pantene, and Waste Management. Core office locations for the combined entity will remain unchanged, with strongholds in New York and Houston and presences in Cincinnati, Washington DC, Minneapolis, Toronto, and Montreal. MMI CEO Maggie Malek will head the organization. Malek has been with the agency for 11 years.
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IMAC | Hot Stocks08:39 EST IMAC announces repayment of three loans - IMAC Holdings has announced the repayment of three loans representing more than 95% of its debt in accordance with scheduled debt service over the past 10 months. From March 28, 2021, to January 18, 2022, IMAC Holdings paid significant loan balances to retire over $4.35 million in loans payable. The Company has approximately $200,000 of debt remaining on the balance sheet related to equipment and construction loans.
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GROM | Hot Stocks08:38 EST Grom Social's Curiosity Ink Media parnters with Dynamite Entertainment - Curiosity Ink Media, the family entertainment engine for Grom Social Enterprises, unveiled The Legion of Forgettable Supervillains, an original intellectual property franchise which will debut as a graphic novel in partnership with publisher, Dynamite Entertainment. Slated for release in 2022, The Legion of Forgettable Supervillains centers around a group of failed superheroes who inadvertently find greater success and acclaim in villainy. Publishing will serve as a launch point for future brand extension opportunities including a recurring TV series, feature films, consumer products and global merchandising and cobranding opportunities.
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VZ | Hot Stocks08:37 EST Verizon Business announces new Business Unlimited Data Device plans - Verizon Business announced its new Business Unlimited Data Device plans. The new plans power businesses with the faster, reliable and secure network for work in the office or on the go. These plans are in addition to Verizon's new 5G Business Internet solutions. The new data device plans come as the Verizon 5G Ultra Wideband network becomes available to 100 million more people in 1,700-plus cities around the nation this month, offering access to speeds up to 10x faster than 4G LTE3. 5G Ultra Wideband enables transformative speed and reliability to power businesses of any size. Starting tomorrow, Verizon Business is offering businesses two customized offerings to take advantage of the 5G Ultra Wideband Network as well as an increased premium data allotment and enhanced video streaming capabilities. Business Unlimited Plus Data Device: For $45 a month, businesses can unlock 60 GB of combined 5G Ultra Wideband, 5G Nationwide, and 4G LTE premium network access. To enable remote work and collaboration these plans include mobile hotspot usage as a part of all data plans and video streams that can reach 4K with 5G Ultra Wideband. Business Unlimited Pro Data Device: For $75 a month businesses can unlock all the features of Business Unlimited Plus Data Device with 100GB of premium network access.
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HQI | Hot Stocks08:37 EST HireQuest to acquire Dubin Group, Dubin Workforce Solutions - HireQuest announced that it has entered into a definitive agreement to acquire the operational assets of The Dubin Group and Dubin Workforce Solutions, related founder-owned businesses in Philadelphia, Pennsylvania that provide executive placement services and commercial staffing, respectively. At the close of the transaction, the businesses will be converted to HireQuest's franchise model. HireQuest will fund this acquisition with existing cash on hand and, if necessary, a modest draw on its line of credit. Completion of this transaction is subject to a number of closing conditions. Subject to such conditions, the transaction is expected to close in the first quarter of 2022. During the interim, both The Dubin Group and Dubin Workforce Solutions will remain open for business without interruption.
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BLDP CP | Hot Stocks08:37 EST Ballard Power receives additional fuel cell order from Canadian Pacific - Ballard Power (BLDP) received an order for eight additional 200 kW fuel cell modules to support the expansion of Canadian Pacific's (CP) Hydrogen Locomotive Program from one to three locomotives, with expected delivery in 2022. Inclusive of Ballard's announcement in March 2021, the company will provide a total of 14 fuel cell modules, each module with a rated power output of 200 kW, to support this program. CP intends to refine the process of converting diesel-electric powertrains to hydrogen-electric powertrains over a series of three categories of locomotives.
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XDSL | Hot Stocks08:36 EST mPhase Technologies Inc appoints Isida Tushe as general counsel - mPhase Technologies announced the appointment of energy industry veteran Isida Tushe as General Counsel and Corporate Secretary. Most recently, Isida was part of the leadership team and served as the General Counsel of FFP New Hydro LLC, a leading developer of low-impact hydroelectric energy generation and storage in the United States.
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TAOP | Hot Stocks08:36 EST Taoping enters into agreement to acquire Zhenjiang Taoping IoT Technology - Taoping announced that it has entered into a share purchase agreement to acquire 95.56% equity interest in Zhenjiang Taoping IoT Technology, aiming to accelerate the Company's smart charging pile and digital media businesses in East China. "After the closing of the acquisition, Zhenjiang Taoping is expected to become an important part of Taoping Digital Culture East China Operation Center," the company said. "With a high level of economic development and urbanization, the target market of our East China Operation Center has great potential in the construction of new smart communities," said Jianghuai Lin, Chairman and CEO of TAOP. "The acquisition of Zhenjiang Taoping will help the Company to quickly deploy smart charging pile and digital media businesses in East China market. We believe this transaction would bring value for our shareholders and optimize TAOP's business structure." About the Transaction: Pursuant to the share purchase agreement, as consideration TAOP has agreed to issue to the shareholders of Zhenjiang Taoping a total of 201,552 restricted ordinary shares of TAOP, calculated as $391,011 being divided by the average closing price of TAOP ordinary shares over the 20 trading days prior to the execution of the share purchase agreement, which was $1.94 per share. These shares are offered pursuant to an exemption from the registration requirements of Section 5 of the Securities Act of 1933, as amended contained in Section 4(a)(2) thereof and/or Regulation S promulgated thereunder. The parties intend to close the transaction no later than January 31, 2022.
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MGM GMVHF | Hot Stocks08:36 EST BetMGM expects net revenue from operations of over $1.3B in 2022 - BetMGM, which is jointly owned by MGM Resorts International (MGM) and Entain plc (GMVHF), provided an update on performance and its outlook for 2022, stating that BetMGM is "achieving market share in line with its long-term target of 20% - 25% in U.S. sports betting and iGaming." BetMGM is the number two operator for sports betting and iGaming across the markets in which it operates, with a 24% market share for the three months to November 2021, and remains market leader in iGaming with 30% market share for the three months to November 2021 in the markets in which it operates, the company said. BetMGM is live in 19 jurisdictions, including four iGaming and 19 sports betting, and expects to reach approximately 40% of the U.S. adult population with two further jurisdiction launches as well as launch in Canada and Puerto Rico in the coming months. For FY21, net revenue from operations expected to be approximately $850M, ahead of management expectations and up nearly 5 times from prior year; same-state growth in net revenue from operations up 140% from prior year; EBITDA loss expected to be in the range of $420M-$440M, in line with expectations. For FY22, net revenue from operations is expected to be over $1.3B. BetMGM anticipates reaching positive EBITDA in 2023, based on its current assumption of future live markets. The company said: "We have achieved positive contribution in several states, some within one year of launch, driven by our prudent, data-driven marketing strategy and by leveraging our omni-channel offering. Wholly supportive of BetMGM's continuing success, strong performance and market leadership, the investment by MGM Resorts and Entain is expected to be approximately $450M in 2022."
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NAOV | Hot Stocks08:35 EST NanoVibronix files three patents apps with USPTO related to its SAW technology - NanoVibronix announced it has filed three U.S. patent applications with the U.S. Patent & Trademark Office related to its SAW technology and indwelling medical devices to protect targeted new product launches and improvements to existing medical devices. Brian Murphy, Chief Executive Officer of NanoVibronix commented, "Our patented SAW ultrasound technology has proven effective in treating pain, as well as inhibiting infections associated with urological conditions. Beyond just urology and pain management, our expanding patent portfolio is driven by our commitment to continue exploring different applications and developing new products that leverage our unique technology. "For example," noted Murphy, "one of our new applications relates to cosmetic applications of our technology to reduce signs of aging and improve skin texture. In line with the growing use of ultrasound in cosmetic dermatology, our SAW-generating devices and facial patches address a host of cosmetic and topical concerns. Importantly, this represents a new and sizeable market opportunity for us." "In addition, we believe that we have made material improvements to the assembly and operational configuration of indwelling medical devices incorporating our SAW-generating technology," added Murphy. "The new patent applications provide for new stand-alone devices, such as a novel catheter, intravenous needle assembly and percutaneous endoscopic gastrostomy tube. More generally, described in the new applications is an ultrasound system that effectively transforms any such indwelling medical device into a therapeutic device. The generation of SAW along the surface of our indwelling medical devices produces nano-vibrations sufficient to inhibit the colonization of bacteria and, as a result, the formation of bacterial biofilms that are commonly known to adhere to surfaces of conventional indwelling devices. Therefore, we believe that a significant improvement of our indwelling devices is the accompanying antimicrobial prophylactic effect for preventing infections associated with conventional indwelling medical devices. Given that infections stemming from indwelling devices account for up to twenty percent of annual healthcare-associated infections in hospitalized patients, coupled with the resulting prolonged hospitalization stays and increased costs per admission, our technology should provide readily recognized and broadly applicable advantages."
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APEI | Hot Stocks08:35 EST American Public Education names Jeff Tognola as Chief Experience Officer - American Public Education announced it has hired Jeff Tognola as Executive Vice President and Chief Experience Officer. Tognola is responsible for enabling outstanding end-to-end student experiences through marketing, brand building, career services and overall student experience transformation for all APEI education units in this newly created position. Tognola was previously the Senior Vice President, Commercial Operations, Chief Marketing Officer and COO for Laureate Education Inc.'s online flagship institution, Walden University. In his new role as CXO, he will report to APEI Chief Executive Officer Angela Selden.
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MS | Hot Stocks08:35 EST Morgan Stanley entered 2022 'ahead of plan,' says CEO James Gorman - Comments taken from Q4 earnings conference call.
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AERC | Hot Stocks08:35 EST Aeroclean to demonstrate safe air technology at AHR Expo 2022 - AeroClean Technologies will attend the 2022 International Air-Conditioning, Heating and Refrigerating Expo, taking place Jan. 31 through Feb. 2, 2022 in Las Vegas. AeroClean plans to demonstrate its medical-grade air sanitization solution Purgo, designed for hospitals but suitable to protect all indoor spaces, as well as to unveil a working prototype of its new Purgo Lift device. Purgo Lift is engineered for elevators and other wall/ceiling-mounted applications and is critical to many companies' safe return to work where elevators remain an acute point of vulnerability in office buildings, schools, hospitals and other large buildings. AeroClean plans to launch Purgo Lift in the first half of 2022.
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VEV | Hot Stocks08:35 EST Vicinity Motor secures C$14M order from Pioneer Auto Group - Vicinity Motor announced that it has secured a C$14M order from Pioneer Auto Group, a retail automotive dealer in British Columbia, for 100 VMC 1200 Class 3 electric trucks. The Pioneer Group has been appointed to act as VMC's exclusive dealer in the province of British Columbia - this follows a previous letter of intent.
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VTOL | Hot Stocks08:34 EST Bristow Group to provide helicopter services to Netherlands coastguard - Bristow Group announced that the Netherlands Defence Materiel Organisation has awarded Bristow their prestigious contract to provide search and rescue helicopter capacity to the Netherlands Coastguard. The 10-year contract, with two one-year extension options, will commence on November 4 and involves providing the permanent availability of dedicated SAR equipped AW189 helicopters and crews from two operational bases in the Netherlands. Under the contract, Bristow will provide a 24/7 all-weather search and rescue service and will be tasked by the Joint Rescue Coordination Centre in Den Helder. In addition, the service will aid with secondary tasks as required by the coastguard.
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BLIN | Hot Stocks08:34 EST Fortune 100 tech company goes live with Bridgeline - Bridgeline Digital announced that a Fortune Top 100 technology company has gone live with Bridgeline's site search software on their website.
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CVS UBER | Hot Stocks08:33 EST CVS Health, Uber Health collaborate on transportation support - CVS Health (CVS) announced a collaboration with Uber Health, Uber's (UBER) healthcare arm, to provide critical transportation support at no cost to people who need it most when seeking access to medical care, work or educational programs. The relationship is part of Health Zones, CVS Health's new initiative that provides concentrated local investments designed to reduce health disparities and advance health equity in high-risk communities across the country. CVS Health and Uber Health will help eliminate a critical barrier to care and overall well-being - transportation - which can limit a person's ability to receive medical care, to get to work or to job trainings and can ultimately lead to adverse health outcomes. Rides with Uber Health will be available to a target population living in three of the five Health Zones: Atlanta, GA; Columbus, OH; and Hartford, CT with plans to enter additional cities later this year.
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AKTX | Hot Stocks08:33 EST Akari announces FDA has agreed to new manufacturing process for nomacopan - Akari Therapeutics announced that the U.S. Food and Drug Administration, FDA, has agreed, via a Type C meeting, to the clinical use of nomacopan derived from a next generation manufacturing process. Nomacopan is Akari's lead drug candidate currently in two Phase III programs. The FDA agreed that the new manufacturing process produces drug that is comparable to nomacopan from the prior manufacturing process. The new manufacturing process increases the final yield of nomacopan at least 5-fold, compared to the previous manufacturing process. "FDA's agreement for our use of the new and enhanced manufacturing process is a key milestone in the pathway to commercialization of nomacopan," said Miles Nunn, Ph.D., Chief Scientific Officer of Akari Therapeutics. "The FDA's agreement is the culmination of several years' work, and I would like to thank Akari's Head of CMC, Mukesh Sehdev, and our long-term partners in the manufacture of nomacopan, Wacker Biotechnology GmbH and Solvias AG, for their strategic planning, commitment and the quality of their work."
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ADI | Hot Stocks08:32 EST Analog Devices CEO Vincent Roche appointed as chair of the board - Analog Devices announced that its board of directors has appointed president and CEO Vincent Roche as chair of the board, effective as of the date of ADI's 2022 annual meeting of shareholders. Roche will succeed Ray Stata, who has served as chair of the board since 1973 and will become only the second chair in ADI's history. Stata will stand for reelection as a director at ADI's 2022 annual meeting of shareholders.
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FTXP | Hot Stocks08:32 EST Foothills Exploration provides January 2022 corporate update - Foothills Exploration is pleased to announce a corporate update and outlook for 2022. HHE Exploration Technologies has completed full integration of its hydrogen sensing drone platform and is preparing to test the Unmanned Aerial System over known areas of natural hydrogen emanations within 30 days. After field testing is completed, HHE will initiate multiple exploration programs in North and South America concentrating on natural hydrogen, which has the potential to drastically accelerate the global energy transition to net zero. The field of natural hydrogen exploration has recently emerged on the international stage as a potentially viable alternative hydrogen production method with costs projected to be significantly lower than steam methane reforming and electrolysis using renewable energy. Natural hydrogen is clean and carbon-free with production costs estimated to be about $0.75 per kilogram, which is about 1/8th the current cost of producing green hydrogen. Hydrogen is also gaining unprecedented economic and political momentum globally as an alternative net-zero energy vector and a complement to the 'electrify everything' movement. Bank of America forecasts that the hydrogen industry is at a tipping point and headed to $11 trillion, with hydrogen production projected to see a 5,000% increase by 2026. Global demand for clean and green energy continues to increase rapidly, coupled with the need to optimize production, and minimize greenhouse gas emissions. The Houser-Sears well recompletion was successful with the well's initial production coming in at around 33 barrels of oil per day and now settling in at approximately 16 BOPD. The Company plans to perform workover and stimulation operations on five (5) targeted wells during the remainder of Q1 on the Company's recently acquired properties in the Illinois basin. For more information on these properties, please refer to the Company's press release issued on December 31, 2021. The Company is currently evaluating several opportunities in the basin to acquire production or selective infield drilling prospects to grow its footprint. Based on discussions with the Bureau of Land Management, review of Federal lands and recommendation from a professional federal drilling unit service company processing application, the Company's current focus is to begin the Notice of Staking and Application Permit to Drill process for Beaver Creek East unit obligation well. A BLM unit application meeting is being scheduled. The licensed seismic identified and confirmed structural features for initial drilling pad location. Unitized formation is designated as the "Frontier Formation." Timing issues for initial drilling will depend on State and BLM well permitting, rig availability and pad location construction. The Company has made the Wind River Basin project a top priority for 2022. The Company is up-to-date with all of its required financial alternative report filings and is OTC Pink current. The Company's 2021 annual report is also on track to be filed with OTC Markets prior to the filing deadline. The Company has retained its historical auditors, RBSM, LLP, and continues to work through the auditing process with the aim of uplisting back onto the OTC.QB as soon as possible.
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CCXI | Hot Stocks08:32 EST ChemoCentryx announces EU approval of TAVNEOS - ChemoCentryx announced that TAVNEOS has been approved within the European Union in combination with a rituximab or cyclophosphamide regimen for the treatment of adult patients with severe, active granulomatosis polyangiitis, GPA, or microscopic polyangiitis, MPA, the two main forms of ANCA-associated vasculitis. This approval follows the U.S. Food and Drug Administration approval of TAVNEOS in October 2021. TAVNEOS will receive marketing authorization in all member states of the European Union, as well as in Iceland, Liechtenstein and Norway. "European Union approval of TAVNEOS represents the third major global sector to recognize the value of this long-awaited new treatment for the debilitating and often deadly disease of ANCA-associated vasculitis," said Thomas Schall, Ph.D., President and Chief Executive Officer of ChemoCentryx. "We congratulate our alliance partner, Vifor Pharma, for this significant achievement as we welcome the opportunity for our alliance to serve ANCA patients." As part of their Kidney Health Alliance, ChemoCentryx retains all rights for TAVNEOS for orphan and renal diseases in the United States and Vifor Pharma has rights to commercialize avacopan in the rest of the world. Vifor will pay ChemoCentryx royalties in the teens to the mid-20s percent on potential ex-U.S. sales of one aggregate net sales line.
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EBET | Hot Stocks08:32 EST Esports Technologies sees 10-month revenue $70M - Esports Technologies reported financial guidance for the 10-month period from December 2021 to September 2022 in which it anticipates revenue of $70M. This projected revenue and related growth is derived primarily from the company's online sportsbook and casino brands. The brands were acquired by Esports Technologies on November 29, 2021, two months into the company's fiscal year. The subject 10-month period is from the closing of the brand acquisition until the end of the September 30 fiscal year. CEO Aaron Speach said, "As we begin a successful 2022, we remain committed to increasing our operational and financial performance. We expect to deliver consistent cash flow for the remainder of 2022 by growing esports revenue in regulated markets, as well as continued growth from our portfolio of online sportsbook and casino brands."
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SPRO | Hot Stocks08:21 EST Spero Therapeutics awarded up to an additional $12.9M by BARDA - Spero Therapeutics announced that the company and the Biomedical Advanced Research and Development Authority, BARDA, part of the office of the Assistant Secretary for Preparedness and Response at the U.S. Department of Health and Human Services, are expanding their existing partnership to develop tebipenem as a treatment for complicated urinary tract infections, cUTI, including pyelonephritis, in pediatric patients. BARDA added, and exercised, a new option on the contract originally awarded to Spero in 2018. The new option increases the total amount of committed funding by $12.9M to $46.9M, increasing the total potential contract value to $59.7M. The additional $12.9M option is expected to provide support for a clinical trial and related activities for orally administered tebipenem pivoxil's use in treating pediatric patients with cUTI, including AP. "We are pleased to expand our relationship with BARDA and look forward to continuing our productive collaboration," said Ankit Mahadevia, M.D., Chief Executive Officer of Spero Therapeutics. "This new option award not only provides further external validation for tebipenem HBr and its robust clinical dataset, but also allows us to pursue development of tebipenem for use in pediatric patients with cUTI. We would like to thank BARDA for their continued collaboration, as we work to address oral alternatives to treat multi-drug resistant bacterial infections, providing therapeutic options to those adults and children with unmet needs."
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MS | Hot Stocks08:21 EST Morgan Stanley long-term efficiency ratio goal is under 70% - Other long-term goals include ROTCE of 20%+ and WM pre-tax margin of 30%+. A longer-term goal is to have client assets of $10T, the company said in slides that will be presented on its Q4 earnings conference call.
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OPRT SEZNL | Hot Stocks08:19 EST Oportun Financial announces new partnership with Sezzle - Oportun (OPRT) and Sezzle (SEZNL) announced a partnership that will provide consumers more choice when financing higher value purchases at many of Sezzle's 44,000 online merchant partners. "This is a significant expansion of our Lending-as-a-Service platform, and we are excited to welcome Sezzle as our first digital-only partner," said Matt Jenkins, COO of Oportun. "Importantly, both of our companies are mission-aligned and committed to providing consumers with responsible, affordable, and transparent financing options that will help them build a credit history." Through the partnership, consumers choosing to purchase higher value items including electronics and other home goods, will have the option at checkout to finance their purchase through Oportun.
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HYPR | Hot Stocks08:18 EST M Health Fairview receives first Hyperfine Portable MRI - Hyperfine announced that M Health Fairview is deploying a Swoop system in the emergency room, intensive care unit and post anesthesia environments at M Health Fairview University of Minnesota Medical Center. The hospital is the first in the state of Minnesota, and one of the first in the country, to offer this technology to its patients.
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SDC | Hot Stocks08:18 EST SmileDirectClub expands oral care line with launch of new whitening strips - SmileDirectClub (SDC) announced the expansion of its whitening product line with its new Fast-Dissolving Whitening Strips. SmileDirectClub partners with Peloton (PTON) trainer Tunde Oyeneyin to help promote this new launch and highlight the convenience of this whitening product. "With the introduction of the Fast-Dissolving Whitening Strips, SmileDirectClub is revolutionizing the way we look at whitening teeth," said Amy Keith, General Manager of Global Oral Care at SmileDirectClub. "The new Strips allow customers to customize their teeth whitening journey by applying them anywhere, anytime, making teeth whitening convenient and accessible no matter where or when you choose to whiten."
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QNTA | Hot Stocks08:16 EST Quanta's Medolife Rx submits final clinical trial data for Escozine approval - Medolife Rx announced that the Company submitted the final clinical trial data to the Dominican Republic Ministry of Health for approval of the Company's product, Escozine, as a COVID-19 treatment. The product, which is registered as an alternative oncological medicine in the DR, has shown to be effective against variations of the SARS-CoV-2 virus. After the recent meeting between Medolife CEO Dr. Mikaelian and DR Vice-President Raquel Pena de Antuna that concluded with interest from the government to register the product as a treatment for COVID-19 in the country, the Company was required to present data to various governmental institutions prior to receiving a governmental order for Escozine, such as: Program for Essential Medicines and Logistical Support Center; National Health Insurance; High-Cost Medicines and Medical Assistance Program. The information was received well by these institutions, and the Company was directed to seek final approval for Escozine as a COVID-19 treatment from the DR MoH. The final medical and scientific data on Escozine has been submitted to the office of the DR Minister of Public Health Daniel Rivera, and the DR Vice-Minister of Public Health Eladio Perez Antonio. Since then, the Company also had a video conference with Mr. Rivera and members of the DR MoH, where Dr. Mikaelian and Medolife Chief Scientific Officer Dr. Khalid Matalka presented the data on Escozine. A video conference was suggested by MoH due to the high rate of Omicron cases registered in their administration. During the conference, Dr. Matalka demonstrated Escozine's mechanism of action as a calcium ion channel inhibitor, which prevents the SARS-CoV-2 virus from entering the host cell, meaning Escozine can be an effective therapy against variants of the virus. Upon the completion of the data review, the DR MoH will decide whether to approve Escozine as a COVID-19 treatment, or to simply include it in the treatment protocol against COVID-19 using its existing registration in the DR as a cancer treatment. End of January, the Company also plans to request a meeting with the United States Food & Drug Administration in order to explore the possibility of a change from PIND to IND status and approving Escozine for a 30-to-60 patient pilot study to show proof of concept within the US.
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SNDR UNP | Hot Stocks08:16 EST Schneider intermodal moving western rail service to Union Pacific in 2023 - Schneider (SNDR) announced the company is expanding intermodal service by moving its primary western United States rail partnership to Union Pacific (UNP) beginning in 2023. Schneider has one of the largest intermodal fleets in North America with over 25,000 containers and plans to double the company's intermodal size by 2030. The company celebrated 30 years of intermodal service in 2021. Schneider will continue to move freight with its current western rail provider for the remainder of 2022 and transition to full service on the Union Pacific rail network on January 1, 2023.
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HMC... | Hot Stocks08:13 EST Honda, SES Holdings enter joint development agreement for Li-Metal batteries - SES Holdings announced that it entered into a joint development agreement with Honda (HMC) to develop Li-Metal batteries as part of Honda's next generation battery strategy. The partnership marks a milestone on SES' roadmap to achieve commercial production of hybrid Li-Metal batteries for electric vehicles. Honda joins General Motors (GM) and Hyundai Motor Company as the third major global car manufacturer to enter into an "A-sample" joint development agreement with SES. Honda previously agreed to invest in the combined company as part of the common stock private investment in public equity, or PIPE, financing in connection with SES' pending business combination with Ivanhoe Capital Acquisition Corp. (IVAN). Honda agreed to join industry leaders General Motors, Hyundai Motor Company, Geely Holding Group, SAIC Motor and Foxconn as the sixth major international car manufacturer to invest in the combined company. Immediately following the business combination, PIPE proceeds are expected to total $275M and Honda will be the largest single PIPE investor owning approximately 2% of the outstanding shares of the combined company.
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GNSS | Hot Stocks08:13 EST Genasys awarded $1.97M public safety notification, emergency warning contract - Genasys announced a $1.97M public safety mass notification and emergency warning systems contract from the City of Berkeley, CA. Last year, Alameda County, CA, in which Berkeley is located, entered into a multi-year software services and evacuation management contract with Genasys' Zonehaven. "Berkeley and other communities are enhancing safety for residents and visitors by implementing fully integrated software and hardware emergency alerting and evacuation solutions," said Richard Danforth, Chief Executive Officer, Genasys Inc. "The award from the city includes installing a network of our outdoor Integrated Mass Notification Systems that broadcast audible voice notifications with exceptional clarity and area coverage. In addition to satellite connectivity, solar power and battery backup, the IMNS installations will be activated and controlled as a network, or individually, with Genasys Emergency Management software," added Danforth. "Annual recurring software and system maintenance fees are also included in the multi-year contract."
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AMTX | Hot Stocks08:13 EST Aemetis to present at Credit Suisse Energy Summit - Aemetis announced that Chairman and CEO Eric McAfee will provide an overview of the Aemetis Dairy RNG, Aviation Fuel, Renewable Diesel, Ethanol and Carbon Sequestration businesses at the 27th Annual Credit Suisse Energy Summit which will be held at the Grand Hyatt Vail in Vail, Colorado on February 28, 2022. McAfee will present on the topic "$5 billion of New Contracts for Aemetis Carbon Zero Renewable Fuels: Sustainable Aviation Fuel, Renewable Diesel, Dairy RNG, Ethanol, Biodiesel, CO2 Sequestration." The Aemetis Carbon Zero, 90 million gallons per year, renewable jet/diesel fuel plant is currently completing engineering and permitting for the 125-acre Riverbank, California site. Aemetis is also constructing a 52-site Dairy Renewable Natural Gas project near Modesto, California. Phase 1 of the RNG project with two dairy digesters and a 4 mile pipeline is completed and operational. Phase 2 of the project is under construction, including a biogas upgrading facility to produce RNG, a PG&E utility gas pipeline interconnect, 15 additional dairy digesters, and 32 miles of pipeline. The Aemetis Biogas Central Dairy Digester project has already obtained a negative 426 carbon intensity rating from the California Air Resources Board for biogas produced by Phase I. When fully built out, the planned 52 dairy digesters in the Aemetis biogas project are expected to capture more than 1.4 million MMBtu of dairy methane and reduce greenhouse gas emissions equivalent to an estimated 5.2 million metric tonnes of CO2 each year, equal to removing the emissions from approximately 1.1 million cars per year. The Aemetis Biogas dairy RNG project, energy efficiency upgrades to the Aemetis Keyes biofuels plant, and the Aemetis Renewable Jet/Diesel project include $57 million of grant funding and other support from the US Department of Agriculture, the US Forest Service, the California Energy Commission, the California Department of Food and Agriculture, CAEATFA, and Pacific Gas and Electric's energy efficiency program.
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CTMX | Hot Stocks08:12 EST CytomX Therapeutics announces FDA clearance of IND application for CX-904 - CytomX Therapeutics announced that the U.S. Food and Drug Administration, FDA, has cleared the company's Investigational New Drug, IND, application for CX-904, an EGFRxCD3 T-cell-engaging bispecific antibody being co-developed by CytomX and Amgen. "The impressive innovation of CX-904's design and its advancement into the clinical setting underscores our commitment to destroying cancer differently. The CX-904 IND also marks the sixth therapeutic candidate and the third treatment modality overall to enter the clinic from our versatile and tunable Probody platform, reinforcing our leadership in the field of conditional activation of biologic therapeutics," said Sean McCarthy, D.Phil., president, chief executive officer and chairman of CytomX Therapeutics. "Our masked Probody T-cell engagers are designed to harness the power of this highly potent modality. We are eager to initiate the Phase 1 dose-escalation study for CX-904 as the leading edge of our broad efforts to bring conditionally activated bispecifics to patients with advanced solid tumors."
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EJH | Hot Stocks08:11 EST E-Home Household Service develops cleaning robot equipment leasing business - E-Home Household Service announced that the company has set up a cleaning robot equipment leasing department in the cleaning service sector, highlighting to promote the growth of the Company's cleaning service business. Wenshan Xie, Chairman and CEO of E-Home, commented: "the Company decided at the recent 2022 business strategy meeting to set up a cleaning robot equipment leasing department. The new business segment will greatly reduce the operating cost of the cleaning department of the Company and improve the profit margin. In addition, with the support of high-tech robot equipment, it will also bring customers a brand new consumption experience, encourage and guide them to spread good corporate reputation information, so as to obtain a continuous competitive advantage in the industry. The new business is expected to contribute approximately $15M in revenue and approximately $3M in net income to the Company in 2022."
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ERII | Hot Stocks08:11 EST Energy Recovery gets $25M in contracts with Saudi Arabia SWRO plants - Energy Recovery announced contract awards totaling nearly $25M for its PX Pressure Exchanger energy recovery devices for desalination plants in the Kingdom of Saudi Arabia, as well as several of the company's PX PowerTrain solutions. The capacity for the combined plants will be 1M cubic meters per day, and the orders are expected to be fulfilled by the close of Q1 . The plants are part of a local initiative to replace energy-intensive, outdated thermal technologies with the more efficient and economical seawater reverse osmosis technology SWRO, all while drastically improving the supply of drinking water in Saudi Arabia. The projected cost of producing desalinated water across these facilities is US$0.32 per cubic meter, making it one of the lowest tariffs for desalinated water in the Middle East. When the projects are complete, the production and supply of water will be doubled while energy costs will be significantly reduced by US$2.34B annually across all facilities.
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LFMD | Hot Stocks08:10 EST LifeMD remains on track to achieve adjusted EBITDA profitability in 4Q22 - LifeMD CFO Marc Benathen added, "In addition to aggressively growing our revenues, we're achieving excellent progress in continuing to drive sequential improvements in Adjusted EBITDA and meaningfully reducing cash burn. We're also pleased to see the continued strength of our subscription revenue. Thanks to our strong focus on unit economics, we remain on track to achieve Adjusted EBITDA profitability by the fourth quarter of 2022 and believe we have more than ample liquidity to do so while achieving aggressive top-line growth goals."
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DOX VOD | Hot Stocks08:09 EST Amdocs selected by Vodafone Turkey for quality engineering transformation - Amdocs (DOX) announced it has been selected by Vodafone (VOD) Turkey to transform and automate the operator's testing activity in line with Vodafone's group-wide Tech 2025 modernization journey. The three-year deal for quality engineering services will "enable Vodafone Turkey to create a next-generation quality engineering organization by establishing a Testing Center of Excellence," the company said. As part of the agreement, Amdocs is providing an outcome-based quality engineering modernization roadmap and will implement Ginger, its open-source automation framework. "At Amdocs we're on a mission to simplify the complex and deliver the amazing. That's why we're excited to be embarking on this significant, wide-ranging transformation project that will ensure Vodafone Turkey is future-ready and able to achieve its digital ambitions," said Ronen Levkovich, president, Amdocs Global Services. "Our role in establishing the Testing Center of Excellence will involve a combination of Amdocs Quality Engineering resources with local talent - allowing for maximum flexibility to scale up as needed."
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HCWB | Hot Stocks08:09 EST HCW Biologics CEO to present at PepTalk Conference 2022 - HCW Biologics announced that Hing C. Wong, Ph.D., Founder and CEO of HCW Biologics, will speak at the Cambridge Healthtech Institute's 24th Annual PepTalk Conference to be held on January 17-19, 2022. The conference is taking place virtually and in person at the Hilton San Diego Bayfront in San Diego, California. Dr. Wong's presentation entitled, "A Novel Platform to Create Multi-Functional Immunotherapeutics for Cancer," is part of the session for Recombinant Protein Expression and Production: Effective Expression and Production of Unique Bioproducts and takes place on January 19 at 11:15 a.m. PST. His presentation will feature a discussion of the Company's internally developed platform for drug discovery called the TOBI platform. The TOBI platform is a scaffold for the creation of novel multi-functional immunotherapeutics that have the potential to rejuvenate the immune system by reducing the accumulation of senescent cells and suppressing the activity of inflammasomes. Using the TOBI platform, the Company has developed over 30 molecules that are capable of activating and targeting desired immune responses and blocking unwanted immunosuppressive activities. Dr. Wong's presentation will include a discussion of data and conclusions contained in recent papers authored by the Company's scientists that have been published in peer-reviewed journals. The presentation will highlight information contained in a pivotal paper published in Molecular Therapy related to preclinical data from in vivo studies demonstrating the potential of the Company's lead investigational candidate, HCW9218, in eliminating therapy-induced senescence and the unwanted side effects of chemotherapy. This ground-breaking finding revealed the underlying mechanism that HCW9218 enhanced the anti-tumor activities and lessened the side effects of chemotherapies. In addition, Dr. Wong's presentation will include a discussion of another paper published in Molecular Therapy related to preclinical data from in vivo studies demonstrating that HCW9218 exhibited favorable pharmacokinetics and pharmacodynamics as a novel immunostimulant with the ability to simultaneously lessen immunosuppression. Finally, the presentation will discuss some of the information in a paper published in Cancer Immunology Research that looked at HCW Biologics' TOBI discovery platform.
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IONQ | Hot Stocks08:07 EST IonQ, Hyundai team on quantum computing to study lithium in battery chemistry - IonQ and Hyundai Motor Company announced a partnership to develop new variational quantum eigensolver VQE algorithms to study lithium compounds and their chemical reactions involved in battery chemistry. Quantum-powered chemistry simulation is expected to significantly enhance the quality of next-generation lithium batteries by making improvements to the devices' charge and discharge cycles, as well as their durability, capacity and safety. The partnership pairs IonQ's expertise in quantum computing and Hyundai's expertise in lithium batteries. Together, the teams are creating the most advanced battery chemistry model yet developed on quantum computers, measured by the number of qubits and quantum gates.
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WKEY | Hot Stocks08:07 EST WISeKey announces strategic partnership with Universa Blockchain - WISeKey International announces the signing of a strategic partnership with Universa Blockchain. The agreement includes deep cooperation at the La Linea Gibraltar 4th Industrial Revolution Center of Excellence. It was created following the signing of two Memoranda of Understanding with Mr. Fabian Picardo, Chief Minister of Gibraltar and the Mayor of La Linea de la Concepcion, Mr. Juan Franco, to spearhead innovation in the region. The parties will unite joint efforts in the breakthrough directions of Advanced Air Mobility, Energy sector, Central Bank Digital Currency, Non-fungible tokens and Metaverses that Morgan Stanley predicts an $8 trillion opportunity. The partnership also thrives the ecosystem of cities of the Future: National Blockchain, Digital Passports, Smart City Management, Digital coupons and instant verification of documents based on QR codes, Tokenization and Digital Commodity.
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SBEV KR | Hot Stocks08:05 EST Splash Beverage's Pulpoloco brand receives authorization for 187 Ralph's stores - Splash Beverage (SBEV) announced it has received authorization to sell its Pulpoloco Sangria line in 187 of Ralph's Grocery stores. Ralph's Grocery, a division of The Kroger Company (KR), is a market share leader with 187 stores across Southern California. "This is another significant milestone for Splash and a meaningful step in our strategy to expand into major supermarket chains," said Robert Nistico, Splash Beverage Group's Chairman and CEO. "After a successful test run, Ralph's authorized all three SKU's of Pulpoloco white, rose and classic red. Ralph's already carries Splash's Copa di Vino varietals, which were added in early summer of 2021, and now all 3 Pulpoloco varietals. We believe this is a strong affirmation that consumers are catching on to the unique product lines that Splash distributes and bodes well for future expansion."
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UNP | Hot Stocks08:04 EST Union Pacific, Schneider partner for intermodal service in 2023 - Union Pacific Railroad is pleased to announce it will be the primary intermodal rail transportation provider in the western U.S. for Schneider effective January 2023. The partnership creates seamless service and reliability between the railroad and Schneider, which provides the critical "first and last miles" of the supply chain.
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BNGO | Hot Stocks08:04 EST Bionano Genomics announces average daily attendance of 565 for 2022 Symposium - Bionano Genomics announced the conclusion of Bionano's 2022 Symposium, with record daily attendance representing a 63% increase relative to last year's event. Bionano's premier scientific event showcasing OGM, Symposium was held January 10-13, 2022. Symposium had over 4,000 registrants from 82 countries and featured 31 oral presentations and 37 scientific posters from genomic scientists at leading institutions, including Brigham and Women's Hospital, MD Anderson Cancer Center, and Quest Diagnostics. During this four-day online event, presenters reported on their use of OGM and its utility for genetic disease and cancer applications.
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IMMX | Hot Stocks08:04 EST Immix Biopharma announces IMX-110 Phase 1b/2a interim safety data - Immix Biopharma announced positive interim clinical trial safety data demonstrating 100% completion of IMX-110 planned treatment cycles in its ongoing Phase 1b/2a clinical trial. Historically, 43%-67% of patients have completed planned treatment cycles with approved drugs used to treat soft tissue sarcoma, STS. Completion of planned treatment cycles refers to lack of drug-related interruptions. "With standard treatments widely used today, cancer patients face a long list of drug-related debilitating side-effects that cause treatment delays, dose reductions, or dose interruptions due to toxicity, interfering with the ability to treat them effectively," said Ilya Rachman, MD PhD, CEO of ImmixBio. "In this interim clinical trial update, we are thrilled to report that IMX-110 has been well tolerated. We believe that IMX-110 could become a potentially attractive option to improve the patient experience in oncology in the future."
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VYNE | Hot Stocks08:03 EST VYNE Therapeutics announces Phase 1b data for FMX114 - VYNE Therapeutics announced that it has completed the Phase 1b portion of a Phase 1b/2a clinical trial evaluating FMX114 for the treatment of mild-to-moderate atopic dermatitis. FMX114 is VYNE's proprietary investigational combination gel formulation of tofacitinib and fingolimod. The product is being developed to address both the source and cause of inflammation in AD. FMX114 has the potential to be the first topical combination product for the treatment of AD as well as the first topical product in clinical development that utilizes the sphingosine 1-phosphate receptor modulation mode of action. The objective of the Phase 1b portion of the study was to evaluate the preliminary clinical safety, dermal tolerance and pharmacokinetics of FMX114 and vehicle gels when topically applied for up to 2 weeks to individual qualifying atopic dermatitis lesions. The study planned to enroll up to 6 subjects with mild to moderate atopic dermatitis in this Phase 1b safety portion. However, based on the data obtained from the first two completing subjects, the Human Research Ethics Committee in Australia overseeing the study agreed to reduce the enrollment number to 4 subjects with mild to moderate atopic dermatitis. At the study baseline visit, each subject had two AD lesions of comparable severity and extent based on the Atopic Dermatitis Severity Index scoring assessment and qualifying lesions were randomized to either FMX114 or vehicle gel treatment. Adverse events, clinical laboratory results and local dermal tolerance data was collected throughout subject participation in the study. Pharmacokinetics of tofacitinib, fingolimod and fingolimod 1-phosphate were evaluated based on blood/plasma concentration data obtained from highly sensitive and validated bioanalytical methods. Both FMX114 and vehicle gel treatments were generally well-tolerated, and no serious adverse events were recorded during study conduct. Pharmacokinetics of tofacitinib, fingolimod and fingolimod 1-phosphate are summarized below: The mean plasma Cmax of tofacitinib calculated on treatment day 1 and day 14 were approximately 50-fold and 1500-fold lower, respectively, when compared to the equivalent data for the lowest commercially available adult oral dose of tofacitinib. The mean plasma Cmax of tofacitinib was determined to be 0.914 ng/ml and 0.0220 ng/ml on treatment day 1 and 14 respectively. Systemic drug accumulation of tofacitinib was negligible over the dosing period, with an accumulation ratio calculation based on Cmax of 0.03. In samples obtained one week after the end of treatment, tofacitinib was not quantifiable. The pharmacokinetics of fingolimod and active metabolite, fingolimod 1-phosphate could not be determined as all whole blood concentrations were below the assay LLOQ. The mean whole blood Cmax for fingolimod and fingolimod 1-phosphate for the adult oral dose of fingolimod is 3.7ng/ml and 1.8ng/ml respectively at steady state.
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CURLF | Hot Stocks08:03 EST Curaleaf to open two new dispensaries in Florida by the end of January - Curaleaf announced plans to open two new dispensaries in Florida by the end of this month. The expansion will increase the company's retail footprint to 44 dispensaries statewide and 119 across the country. Curaleaf Tampa Bay Mabry, located at 13755 North Dale Mabry Highway, opened on January 15th and Curaleaf Largo, located at 10289 Ulmerton Road, is expected to open later this month, subject to final regulatory approvals. In December, Curaleaf added four additional dispensaries in Stuart, Lady Lake, Wesley Chapel and Miami to continue to expand access to the company's quality products and services.
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EVRI | Hot Stocks08:02 EST Everi Holdings, Exacta Systems sign horse racing agreement - Exacta Systems and Everi Holdings announced that they have signed an agreement to bring Everi's award-winning game content and cabinets onto Exacta's historical horse racing system.
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BHP | Hot Stocks07:58 EST BHP Group backs FY22 iron ore output 249-259MT, down 2% to up 2% from last year - Backs FY22 Petroleum output view of 99-106 MMBOE, down 4% to up 3% from last year. Sees "low end" for FY22 copper output 1,590-1,760kt, down 3% to up 8% from last year, reflecting "lower production guidance for Pampa Norte".
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BHP | Hot Stocks07:55 EST BHP Group reports Q2 iron ore output 66.1MT, up 4% from last quarter - Reports Q2 petroleum output 25.7MMBOE, down 7% from last quarter. Reports Q2 copper production 365.5kt, down 3% from last quarter. Reports Q2 Metallurgical coal production 8.8MT, flat from last quarter.
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DPRO | Hot Stocks07:48 EST Draganfly partners with Women and Drones - Draganfly is pleased to announce a partnership with Women And Drones, a global platform for women who are disrupting, innovating and shaping the future of STEM and aviation. Women And Drones is the leading membership organization dedicated to driving excellence in the uncrewed aircraft systems and Advance Air Mobility industry by advocating for female participation in this dynamic segment of the global economy.
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WTHVF | Hot Stocks07:47 EST Westhaven Gold files independent technical report for Shovelnose Gold Property - Westhaven Gold announced, in accordance with National Instrument 43-101 it has filed an independent Technical Report entitled "Technical Report and Initial Mineral Resource Estimate of the Shovelnose Gold Property- South Zone, Nicola and Similkameen Mining Divisions, British Columbia" with an effective date of January 1, 2022. The Shovelnose Gold Property is located within the prospective Spences Bridge Gold Belt, which borders the Coquihalla Highway 30 km south of the City of Merritt, British Columbia. On January 10, 2022, the Company announced the results from its initial Mineral Resource Estimate at its 100% owned 17,623-hectare Shovelnose Gold Property that provided 841,000 Indicated ounces at 2.47 g/t gold equivalent and 277,000 Inferred ounces at 0.94 g/t gold equivalent.
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J | Hot Stocks07:46 EST Jacobs awarded project management contract with Johns Hopkins Medicine - Jacobs was selected by Johns Hopkins Medicine to provide project management services for the redevelopment of laboratory space on its medical campus in Baltimore, Maryland. Plans are to renovate The Johns Hopkins Hospital's existing Children's Medical and Surgical Center and construct a new 12-story North Tower addition. The CMSC Building, originally built as the home for Johns Hopkins Children's Center, a 200-bed hospital, has been used for research labs and offices since 2012. Construction is estimated to be completed in the summer of 2026.
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PSN | Hot Stocks07:46 EST Parsons awarded over $100M task order for DHS Covid-19 testing - Parsons Corporation announced that the company was awarded a task order to provide testing solutions in response to the COVID-19 pandemic at the U.S. Department of Homeland Security Immigration and Customs Enforcement facilities across the United States. The award includes a one-year base and two one-year option periods, for a potential total value, including surge capacity, of more than $100 million. This task order was issued under the DHS COVID-19 Testing Solutions IDIQ, on which Parsons was awarded a contract in November of 2020. Parsons will supply best-in-class, emergency use authorized, portable, rapid molecular and rapid antigen test kits to DHS, as well as provide logistics, coordination, and training support as part of this important testing effort. Parsons will leverage its DetectWise solution to enable reliable and timely supply of test kits as well as effective logistics and coordination support and visualization capabilities.
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HCCC | Hot Stocks07:43 EST Healthcare Capital announces special meeting date for Alpha Tau combination - Healthcare Capital announced that on January 12, 2022, the U.S. Securities and Exchange Commission declared effective the Registration Statement on Form F-4 filed by Alpha Tau Medical, which includes a definitive proxy statement/prospectus in connection with HCCC's special meeting of stockholders. At the Special Meeting, stockholders of HCCC will consider the previously announced proposed business combination with Alpha Tau, an Israeli medical device company that focuses on research, development, and potential commercialization of the Alpha DaRT for the treatment of solid tumors. The declaration of effectiveness of the Registration Statement by the SEC and the filing of the definitive proxy statement is an important step in Alpha Tau becoming a publicly traded company, with the goal of being listed on the NASDAQ under the symbol "DRTS" at the close of the Business Combination. HCCC will hold the Special Meeting at 10:00 AM Eastern Time on February 15, 2022, to approve, among other things, the proposed Business Combination.
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TREE | Hot Stocks07:39 EST LendingTree appoints Shiv Singh as Chief Marketing Officer - LendingTree hired Shiv Singh as its Chief Marketing & Customer Experience Officer in addition to the promotion of several team members. Shiv Singh joins LendingTree from The Expedia Group, where he served as Senior Vice President and General Manager for the travel brand, charged with driving brand loyalty and long-term customer value amid the coronavirus pandemic. Previously, Singh worked as Chief Marketing Officer for med-tech startup Eargo. Neil Salvage, who joined LendingTree in 2013, held various leadership positions within the company, and most recently served as President, LendingTree Marketplace, will be leaving the company as of January 31. Following Salvage's departure, J.D. Moriarty will become President of Marketplace and COO of LendingTree. Jorge de Castro, formerly SVP of Partnerships at LendingTree, will be expanding his role as the company's new SVP of My LendingTree and Partnerships. De Castro joined LendingTree from Equifax where he was Head of Strategy for Global Consumer Solutions. LendingTree's Product team will be joining the Technology organization to create a centralized Product and Technology function, led by LendingTree CTO Scott Totman.
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VVOS | Hot Stocks07:34 EST Vivos increases in several metrics for SleepImage HST - Vivos Therapeutics announced increases across several key metrics for its SleepImage Home Sleep Apnea Tests, HST. In particular, for the three-months ended December 31, 2021, versus the three-months ended December 31, 2020, Vivos reported: an 18 times increase in the total number of HSTs given across the network of Vivos trained dentists; a 5.7 times increase in the number of VIPs administering HSTs; and a 3 times increase in the average number of HSTs being administered per VIP. This performance gain in home sleep testing allowed Vivos to renegotiate its commercial agreement with SleepImage. Under the new revenue model with SleepImage, Vivos will lease out the SleepImage ring recorders to Vivos trained dentists at a fixed price that includes a full month's worth of diagnostic sleep test reports. "We have always believed that the pathway to getting more patients into treatment for OSA begins with an easy, inexpensive and highly accurate diagnostic process, which is precisely what the proprietary SleepImage test delivers," said Kirk Huntsman, Chairman and CEO of Vivos. "When coupled with the telemedicine model we have through our collaboration with Empower Sleep, which allows for the required medical diagnosis of OSA remotely, we believe that a historical barrier to patients obtaining a clear and medically valid sleep test report has now been eliminated. The number of positive OSA tests we are seeing is staggering, demonstrating the potential that is available for our Vivos System treatment for OSA. Having now familiarized our VIPs with the prevalence of OSA and giving them a way to test for OSA, our goal will be to use this data to continue to encourage VIPs to get their patients who test positive for OSA into treatment with the Vivos System. Converting positive OSA tests using our HSTs into Vivos System case starts is a major focus of our Practice Advisors and support personnel at Vivos as we roll into 2022. We also expect that our new pricing arrangement with SleepImage will yield positive financial results for Vivos."
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QLI | Hot Stocks07:33 EST Qilian International approved for sales of nitrofurantoin enteric-coated tablets - Qilian International announced that the company received approval from Gansu Provincial Drug Administration on January 14 for the sale of its newly developed nitrofurantoin enteric-coated tablets. This indicates that the company officially become the first enterprise in Gansu Province with the Gansu Provincial Drug Administration's approval for selling nitrofurantoin enteric-coated tablets.
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GPL | Hot Stocks07:33 EST Great Panther Mining sees 2022 consolidated gold eq. production 100K-119K oz. - In 2022, consolidated gold equivalent production from the Tucano and Topia mines is expected to be in the range of 100,000 to 119,000 Au eq oz. H2 2022 is expected to account for at least 65% of annual production guidance. The company has budgeted $6M for exploration in 2022, which will be focused on the continued exploration of the company's district-scale land package in Brazil, the majority of which will come in the second half of 2022. Total capital expenditures are budgeted at $22M in 2022.
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GSK | Hot Stocks07:32 EST GlaxoSmithKline reports Tony Wood appointed Chief Scientific Officer designate - GlaxoSmithKline (GSK) announced the appointment of Tony Wood as Chief Scientific Officer, or CSO, designate. Tony will assume full accountability for Research and Development from current CSO, Dr Hal Barron, on August 1, after which Hal will remain on GSK's Board and become a Non-Executive Director, with additional responsibilities to support R&D. "Tony is a highly respected scientist and one of the world's pre-eminent chemists, with more than 30 years of experience working across diverse disciplines of R&D to deliver innovative medicines. He joined GSK from Pfizer in 2017, as Senior Vice President, Medicinal Science and Technology, and is responsible for all science and technology platforms supporting the discovery, clinical development and delivery of new medicines across GSK," the company said.
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INM | Hot Stocks07:32 EST InMed Pharmaceuticals launches CBT, expanding rare cannabinoid portfolio - InMed Pharmaceuticals announces it has launched B2B sales of the rare cannabinoid cannabicitran, CBT, into the health and wellness sector. CBT is the first of several new product launches planned for the first half of 2022. InMed's subsidiary, BayMedica, has received initial purchase orders and has commenced commercial sales of the ultra-rare cannabinoid CBT. Additionally, commercial scale production of cannabidivarin is underway, with tetrahydrocannabivarin production scheduled to follow shortly thereafter. The Company expects to produce over 100kg of CBDV and THCV in the coming months to meet anticipated initial demand. "We are delivering on our objective to launch additional rare cannabinoids in early 2022 in response to inbound demand. By midyear, we expect to have at least four rare cannabinoids available for the health and wellness markets, positioning us as a leading large scale supplier of high quality rare cannabinoids in these sectors," stated Shane Johnson, SVP and General Manager of BayMedica. "The launch of CBT further demonstrates our ability to produce rare cannabinoids at commercial scale, an achievement that very few companies have been able to accomplish."
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YMTX | Hot Stocks07:31 EST Yumanity announces partial clinical hold on YTX-7739 multidose trials - Yumanity Therapeutics announced that, in response to its IND application submitted in December 2021, it was notified via email by the U.S. Food and Drug Administration that the FDA has placed a partial clinical hold on multidose clinical trials of YTX-7739, currently being developed for the treatment of Parkinson's disease. The FDA has not halted all clinical programming and is permitting the Company's planned single dose clinical trial to proceed. The partial clinical hold suspends initiation of multiple dose clinical trials in the U.S. until the FDA's questions have been addressed. The Company expects to receive additional detail from the FDA within the next 30 days. Yumanity anticipates working closely with the FDA to adequately address their concerns.
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ARCB | Hot Stocks07:31 EST ArcBest announces $25M investment in Phantom Auto - ArcBest announced it has invested $25M in Phantom Auto, a provider of human-centered remote operation software. As part of the company's agreement to be the lead investor of Phantom Auto's Series B Preferred offering, Michael Newcity, ArcBest Chief Innovation Officer and President of ArcBest Technologies, will join the Phantom Auto Board of Directors.
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GPL | Hot Stocks07:31 EST Great Panther Mining reports Q4 production 24,284 gold equivalent oz. - Great Panther Mining reported Q4 production, including consolidated metal production of 24,284 Au eq oz, inclusive of 20,850 Au oz and 227,084 Ag oz; total gold production at Tucano of 19,330 Au oz; total silver equivalent production at Topia of 212,006 Ag eq oz; and total silver equivalent production at the GMC of 209,074 Ag eq oz. "Great Panther Mining had a challenging year operationally, but the team has risen to those challenges and is in action to pave the way for future growth for the company," stated CEO Rob Henderson. "Coming off a record production year in 2020, last year was not what we expected, however, we remain committed to unlocking the value from our asset portfolio in 2022 and beyond. The first half of the year will require vigilance as we invest in Tucano and build back steady state production in the second half. To that end, we have secured a new mining contractor for Tucano and will be working on transitioning them over the course of the year. Furthermore, I am pleased to report that success in our exploration programs has enabled us to accelerate development of the high-grade Urucum North underground project. 2022 will see continued investment in exploration of our district-scale land package in Brazil, the majority of which will come in the second half."
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BAC | Hot Stocks07:30 EST Bank of America sees FY22 noninterest expense to approximate that of FY21 - 1Q22 expenses are expected to include seasonally elevated personnel costs of approximately $400M, Bank of America said in slides that will be presented on the Q4 earnings conference call.
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IONS | Hot Stocks07:19 EST Ionis Pharmaceuticals announces two leadership team appointments - Ionis Pharmaceuticals announced two appointments. Joseph Baroldi will assume the role of Executive VP and Chief Business Officer, effective Jan. 31. Baroldi will provide strategic guidance for and lead Ionis' business development and alliance management activities. The company also appointed Eric Bastings as VP, Development Strategy. Baroldi joins Ionis from Avidity Biosciences, where he served as COO. Previously, he was VP, Business Development at Ionis. Bastings recently retired from the FDA after a career of more than 20 years. In his most recent position at the agency, Bastings provided strategic and clinical oversight of five review divisions and led scientific and regulatory activities.
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BKKT... | Hot Stocks07:19 EST Digital asset platform Bakkt teams with Nexo to custody cryptocurrency assets - Bakkt Holdings (BKKT) announced a partnership with leading regulated digital assets institution Nexo, to custody cryptocurrency assets in the Bakkt Warehouse, the company's regulated custodian, which allows for safe and secure storage of bitcoin ($BTC) and Ethereum ($ETH) . "The cryptocurrency market continues to expand at a robust pace, leading reputable crypto companies to diversify custody of assets. We are pleased that Nexo has chosen the Bakkt Warehouse as a trusted solution," said Dan O'Prey, Chief Product Officer, Crypto at Bakkt. "As we build upon our partnerships with businesses and expand our network of operations and revenue, secure custody continues to be a pillar of Bakkt's strategy, leveraging state-of-the-art physical and cyber security, institutional grade technology and governance, and backed by insurance." The Fly notes that Coinbase (COIN) is in the crypto platform group.
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DUAVF | Hot Stocks07:16 EST Dassault Aviation says Rafale arrives in the Hellenic Air Force - Six Rafale of the Hellenic Air Force, operated by its pilots, took off from the Dassault Aviation site in Istres to the Tanagra Air Base, where they were welcomed in a ceremony by the Greek Prime Minister Kyriakos Mitsotakis, accompanied by the Minister of National Defense Nikolaos Panagiotopoulos and Senior Greek authorities. Eric Trappier, Chairman and CEO of Dassault Aviation, was also present to welcome their arrival. The entry into operational service in the Hellenic Air Force's 332 Squadron of these first six Rafale aircraft comes as a proof of the quality of the partnership between France and Greece, and occurs only one year after the signature of the contract for 18 aircraft. It is a testimony to the excellent relation between French and Greek authorities as well as between the Hellenic Air Force and Dassault Aviation teams. The expertise of the training provided, in particular by Dassault Aviation, at the Merignac Conversion Training Center, to Greek pilots, mechanics and HAF technicians, undeniably contributes to the success of this first ferry. The training of personnel will continue in the coming months in France and Greece. The delivery of the next HAF Rafale will start at the end of 2022 with the objective to have all the fleet deployed at Tanagra Air Base by the summer of 2023.
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EPIX | Hot Stocks07:15 EST Essa Pharma doses first patient in Phase 1/2 trial of prostate cancer candidate - Essa Pharma dosed the first patient in the company-sponsored Phase 1/2 study to evaluate the safety, tolerability and preliminary efficacy of ESSA's lead product candidate, EPI-7386, a first-in-class N-terminal domain androgen receptor inhibitor, in combination with Astellas Pharma's and Pfizer's ligand-binding domain androgen receptor inhibitor, enzalutamide, in patients with metastatic castration-resistant prostate cancer. This Phase 1/2 trial marks the first of a series of clinical studies to evaluate EPI-7386 in combination with current antiandrogen therapies in patients with mCRPC, with additional Phase 1/2 combination trials anticipated to begin in 2022. The goal of the phase 1 portion of the study is to evaluate the safety and tolerability of the drug combination and establish the recommended phase 2 doses for EPI-7386 and enzalutamide when dosed in combination. The goal of the phase 2 part of the study is to evaluate the safety, tolerability and antitumor activity of EPI-7386 in combination with a fixed dose of enzalutamide compared with enzalutamide as a single agent. EPI-7386 is an investigational, highly-selective, oral, small molecule inhibitor of the N-terminal domain of the androgen receptor. The FDA has granted Fast Track designation to EPI-7386 for the treatment of adult male patients with mCRPC resistant to standard-of-care treatment. ESSA retains all rights to EPI-7386 worldwide.
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TPRFF | Hot Stocks07:15 EST GCM Mining reports Q4 Segovia gold production 55,285 ounces - GCM Mining announced that it produced a total of 18,030 ounces of gold in December 2021 at its Segovia Operations bringing the total for the fourth quarter of 2021 to 55,285 ounces compared with 50,084 ounces from Segovia in the fourth quarter of 2020. In the fourth quarter of 2021, the Company also produced 89,327 ounces of silver at Segovia, up from 51,302 ounces of silver in the fourth quarter last year, together with approximately 154,000 pounds of zinc and 254,000 pounds of lead. For the full year, Segovia's gold and silver production in 2021 totalled 206,389 ounces and 253,597 ounces, respectively, up from 196,362 ounces of gold and 186,122 ounces of silver in 2020. Including Marmato production up to February 4, 2021, consolidated gold production for 2021 was 208,775 ounces compared with 220,194 ounces in 2020, which included 23,832 ounces from Marmato. GCM Mining processed 49,351 tonnes in December 2021 at its Maria Dama plant at Segovia, representing a daily processing rate of 1,592 tonnes per day, and head grades averaged 12.7 g/t in the month. This brings the daily processing rate for the fourth quarter of 2021 to 1,557 tpd with an average head grade of 13.4 g/t compared with 1,343 tpd at an average head grade of 14.0 g/t in the fourth quarter last year. For the full year, the Segovia Operations processed an average of 1,524 tpd with an average head grade of 12.8 g/t in 2021 compared with 1,280 tpd at an average head grade of 14.5 g/t in 2020. The new 200 tpd polymetallic plant at Segovia was commissioned in mid-October and operated in test mode for 65 days in the fourth quarter of 2021, processing an average of approximately 100 tpd of tailings as it adjusted the operation of the equipment and the dosage of the reagents to optimize concentrate production. The new plant produced 194 tonnes of zinc concentrate and 201 tonnes of lead concentrate which have been stockpiled and are awaiting shipment in the first quarter of 2022. Payable production from the concentrates is estimated to total approximately 154,000 pounds of zinc, 254,000 pounds of lead, 18,400 ounces of silver and less than 100 ounces of gold, all of which will be finalized once the concentrates are shipped. GCM Mining is working to increase the daily processing rate of the new plant toward its normal capacity by the second quarter of 2022.
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GOLD | Hot Stocks07:14 EST Barrick sees FY21 gold production 4.44M ounces, copper production 415M pounds - Barrick Gold announced preliminary full year and fourth quarter 2021 production results, which demonstrate that despite the ongoing challenges posed by the Covid-19 pandemic, it has met its annual guidance targets for the third consecutive year. Preliminary gold production for the full year of 4.44M ounces was within the 4.4M-4.7M ounce guidance range, with both the Africa & Middle East and Latin America & Asia Pacific regions finishing the year at the higher end of their regional gold guidance range. Preliminary copper production of 415M pounds for 2021 was also within the guidance range of 410M-460M pounds. The preliminary Q4 results show sales for the quarter of 1.23M ounces of gold and 113M pounds of copper, as well as preliminary Q4 production of 1.20 million ounces of gold and 126 million pounds of copper. The average market price for gold in Q4 was $1,795 per ounce, while the average market price for copper was $4.40 per pound. Preliminary Q4 gold production was higher than Q3 2021, mainly due to the strong performance from Carlin and Cortez following the repair of the Goldstrike roaster. Preliminary Q4 gold sales were higher than Q3 2021 as Veladero sold a portion of its built-up gold inventory. Q4 gold cost of sales per ounce are expected to be 3-5% lower than Q3 2021, total cash costs per ounce are expected to be 1-3% lower than the prior quarter, and gold all-in sustaining costs per ounce3 are expected to be 4-6% lower, than in Q3 2021. Preliminary Q4 copper production was higher than Q3 2021, primarily due to increased throughput levels at Lumwana. Preliminary Q4 copper sales were lower than production, mainly due to the timing of shipments at Lumwana. Q4 copper cost of sales per pound is expected to be 13-15% lower and Q4 copper C1 cash costs per pound3 are expected to be 11-13% lower, while copper all-in sustaining costs per pound are expected to be 11-13% higher than Q3 2021 due to higher capital expenditures at Lumwana, primarily related to new mining equipment and stripping.
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VHIBF | Hot Stocks07:12 EST Strides Toronto enters five-year agreement to license TREAT from Vitalhub - VitalHub is pleased to announce the 5-year licensing of TREAT to Strides Toronto. Formed in January 2020 through the amalgamation of Aisling Discoveries Child and Family Centre and East Metro Youth Services, Strides Toronto provides a range of community, residential and treatment services to improve the mental, social, and physical health of infants, children, and youth. Collaborating with Toronto's 25 core service providers, Strides engages in community and outreach partnerships to address the mental health needs of the young clients they serve and their families. This partnership represents a substantive investment in the TREAT solution with approximately 70% of the investment supporting recurrent license revenue.
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PG | Hot Stocks07:12 EST Procter & Gamble says Q2 gross margin decreased 400 bps versus a year ago - Gross margin for the quarter decreased 400 basis points versus year ago, 410 basis points on a currency-neutral basis. Reductions in gross margin were driven by 400 basis points of higher commodity costs, 140 basis points driven by negative product mix, 60 basis points from increased freight costs, and 20 basis points of product/package reinvestments. These were partially offset by 130 basis points of benefit from increased pricing and 80 basis points of gross productivity savings. Selling, general and administrative expense as a percentage of sales decreased 150 basis points versus the prior year, 170 basis points on a currency-neutral basis. The decrease was driven by 150 basis points of cost leverage benefit from increased sales and 70 basis points of gross productivity savings from overhead and marketing expenses, partially offset by 50 basis points of marketing spending and overhead investments net of other impacts. Operating margin for the quarter decreased 250 basis points versus the prior year, 240 basis points on a currency-neutral basis. Operating margin included gross productivity cost savings of 150 basis points. "We delivered very strong top-line growth and made sequential progress on earnings in the face of significant cost headwinds," said Jon Moeller, President and CEO. "These results keep us on track to deliver our earnings outlook and to raise estimates for sales growth, cash productivity and cash return to shareowners. Our focus remains on the strategies of superiority, productivity, constructive disruption and continually improving P&G's organization structure and culture. These strategies have enabled us to build and sustain strong momentum. They remain the right strategies to deliver balanced growth and value creation."
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PTALF | Hot Stocks07:10 EST PetroTal qualifies to trade on OTCQX Best Market - OTC Markets Group announced PetroTal has qualified to trade on the OTCQX Best Market. PetroTal Corp. upgraded to OTCQX from the Pink market. PetroTal Corp. begins trading today on OTCQX under the symbol "PTALF."
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DRIO | Hot Stocks07:10 EST DarioHealth signs agremement with regional health plan - DarioHealth has contracted with a large regional health plan to deliver its digital therapeutic solution for diabetes for eligible Medicaid members in and around the mid-Atlantic region. The contract is expected to contribute to revenue beginning in Q2.
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REPH | Hot Stocks07:09 EST Recro Pharma appoints Eduardo Uribe as Head of Quality for Recro San Diego - Recro Pharma announced the appointment of Eduardo Uribe as the company's head of quality for Recro San Diego. In his new role with Recro, he will be responsible for strategic planning and management of all quality and compliance initiatives for the company's San Diego operations. Uribe most recently served as vice president of quality and regulatory compliance at Cambrex Corporation.
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DNA | Hot Stocks07:09 EST Ginkgo Bioworks acquires Project Beacon COVID-19 LLC, terms not disclosed - Ginkgo Bioworks announced the acquisition of Project Beacon COVID-19 LLC, a Boston-based social benefit organization focused on helping to increase the capacity, availability, accessibility and affordability of COVID-19 testing. Under the terms of the deal, Ginkgo acquired Project Beacon's assets and will assume responsibility for Project Beacon's ongoing operations, providing COVID-19 monitoring tools to communities in Massachusetts and other areas.
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REGN SNY | Hot Stocks07:08 EST Regeneron's Libtayo combination for NSCLC accepted for review by FDA - Regeneron (REGN) announced that the FDA has accepted for review the supplemental Biologics License Application for PD-1 inhibitor Libtayoin combination with chemotherapy as first-line treatment in advanced non-small cell lung cancer, or NSCLC. The target action date for the FDA decision is September 19, 2022. The sBLA is supported by results from a randomized, multicenter Phase 3 trial that investigated Libtayo in combination with platinum-doublet chemotherapy, vs. platinum-doublet chemotherapy alone. A regulatory filing has also been recently submitted to the European Medicines Agency. The Phase 3 trial supporting the sBLA was stopped early after the Libtayo combination demonstrated a significant overall survival improvement compared to chemotherapy alone. In 2021, Libtayo was approved in the U.S. and European Union as first-line monotherapy treatment for adult patients with advanced NSCLC whose tumors have high PD-L1 expression. Libtayo, which was invented using Regeneron's proprietary VelocImmune(R) technology, is being jointly developed by Regeneron and Sanofi (SNY) under a global collaboration agreement.
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NXHSF | Hot Stocks07:08 EST Next Hydrogen Solutions announces collaboration with Black & Veatch - Next Hydrogen Solutions is pleased to announce that it has been selected by Black & Veatch to participate in their IgniteX Climate Tech Accelerator program. This program will allow Next Hydrogen and Black & Veatch to collaborate on the development of green hydrogen solutions that have the potential to significantly decarbonize the industrial and transportation industries. Next Hydrogen was selected among nearly 100 companies to participate in the program, which provides funding and support to companies on the cutting edge of climate technology. Together, Black & Veatch and Next Hydrogen will develop engineered solutions for the production of green hydrogen in industrial uses such as ammonia, steel and cement, and transportation applications such as heavy mobility and off-highway fleets. Next Hydrogen's unique hydrogen technology expertise and Black & Veatch's vast network and engineering leadership will offer an integrated hydrogen solution to clients worldwide to help them achieve their decarbonisation and ESG initiatives.
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GPRK | Hot Stocks07:07 EST GeoPark reports Q4 average oil and gas production of 37,928 boepd, down 4% - Reports annual average oil and gas production of 37,602 boepd, within 37,000-38,000 boepd guidance and with an exit production of 39,300 boepd. Reports quarterly average oil and gas production of 37,928 boepd, down 4% due to lower gas production.
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CMPS | Hot Stocks07:07 EST Compass Pathways announces results from survey conducted with Sermo on TRD - COMPASS Pathways and Sermo announced findings from a survey of Sermo physician members that showed two thirds of doctors surveyed believe psilocybin therapy has potential therapeutic benefit for patients with treatment-resistant depression, TRD. The survey of 259 Sermo member physicians, sponsored by COMPASS, was conducted in November 2021 and completed by participants from the US, the UK, France, Italy, Denmark, Spain and the Netherlands. Doctors were asked their views on the future of psychiatric therapy and the potential role of psilocybin therapy. Key survey findings: 66% of doctors surveyed believe psilocybin therapy has potential benefit for patients with TRD; 50% would prescribe psilocybin therapy, if it was approved; 32% are undecided; The greatest potential advantages to psilocybin treatment are believed to be: improved efficacy in treatment-resistant conditions, rapid onset of action, and different mechanism of action from existing therapies; The greatest potential barriers to treatment were cited as: needing a dedicated space for six to eight hours, lack of trained therapists in a new model of psychological support, and office infrastructure; Opinions on the optimal setting for psilocybin administration varied by region: 50% of European respondents said hospital; 42% of US respondents said specialized network of centers.
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NVRO | Hot Stocks07:07 EST Nevro: FDA approves expanded labeling for Senza SCS System - Nevro announced receipt of FDA approval for expanded labeling for its Senza Spinal Cord Stimulation System for the treatment of Non-Surgical Refractory Back Pain. This approval is specific to Nevro's proprietary 10 kHz Therapy and differentiates Nevro's Senza System as the only SCS system with specific labeling to treat NSRBP patients.
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ADMA | Hot Stocks07:07 EST ADMA Biologics says strategic review is ongoing - As previously disclosed, ADMA has engaged Morgan Stanley as an advisor to evaluate a variety of strategic and financing alternatives. The evaluation of these alternatives as well as the formal engagement with Morgan Stanley demonstrate ADMA's management and Board of Directors' unwavering commitment to creating value for its stockholders. Further, ADMA continues to actively engage prospective debt lenders to potentially refinance and expand ADMA's current debt facility. These concurrent processes are ongoing, and the Company will communicate developments as they unfold and as required by the Securities and Exchange Commission.
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OFIX | Hot Stocks07:07 EST Orthofix teams with imaging and guidance systems firm nView medical - Orthofix Medical and nView medical, a Salt Lake City-based company developing surgical imaging and guidance systems enabled by artificial intelligence announced a partnership and investment agreement to jointly develop and co-market the innovative nView systems with Orthofix cervical spine and pediatric limb deformity correction procedural solutions. The novel nView s1 system with insta-3D technology is a U.S. Food and Drug Administration 510 k cleared imaging system that features the unique ability to instantly capture 3D images with very low-dose radiation. This approach makes the 3D images available throughout surgery, enabling real time visualization. The nView s1 doubles up as a surgical guidance system with GPS-like technology that uses the true representation of the anatomy as maps and incorporates AI technology to augment the surgeon's understanding of the surgery. As part of the collaboration, Orthofix will utilize an nView s1 imaging and navigation system in its Lewisville, Texas training facility where they will conduct joint educational programs for surgeon customers. Orthofix and nView medical will work together to gain 510 clearances for Orthofix pediatric limb deformity solutions navigated with the nView s1 system. Additionally, the companies will pursue the development of an application of the technology for adult cervical spine procedures utilizing Orthofix's comprehensive portfolio of cervical solutions.
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OFIX | Hot Stocks07:07 EST Orthofix teams with imaging and guidance systems firm nView medical - Orthofix Medical and nView medical, a Salt Lake City-based company developing surgical imaging and guidance systems enabled by artificial intelligence announced a partnership and investment agreement to jointly develop and co-market the innovative nView systems with Orthofix cervical spine and pediatric limb deformity correction procedural solutions. The novel nView s1 system with insta-3D technology is a U.S. Food and Drug Administration 510 k cleared imaging system that features the unique ability to instantly capture 3D images with very low-dose radiation. This approach makes the 3D images available throughout surgery, enabling real time visualization. The nView s1 doubles up as a surgical guidance system with GPS-like technology that uses the true representation of the anatomy as maps and incorporates AI technology to augment the surgeon's understanding of the surgery. As part of the collaboration, Orthofix will utilize an nView s1 imaging and navigation system in its Lewisville, Texas training facility where they will conduct joint educational programs for surgeon customers. Orthofix and nView medical will work together to gain 510 clearances for Orthofix pediatric limb deformity solutions navigated with the nView s1 system. Additionally, the companies will pursue the development of an application of the technology for adult cervical spine procedures utilizing Orthofix's comprehensive portfolio of cervical solutions.
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OFIX | Hot Stocks07:07 EST Orthofix teams with imaging and guidance systems firm nView medical - Orthofix Medical and nView medical, a Salt Lake City-based company developing surgical imaging and guidance systems enabled by artificial intelligence announced a partnership and investment agreement to jointly develop and co-market the innovative nView systems with Orthofix cervical spine and pediatric limb deformity correction procedural solutions. The novel nView s1 system with insta-3D technology is a U.S. Food and Drug Administration 510 k cleared imaging system that features the unique ability to instantly capture 3D images with very low-dose radiation. This approach makes the 3D images available throughout surgery, enabling real time visualization. The nView s1 doubles up as a surgical guidance system with GPS-like technology that uses the true representation of the anatomy as maps and incorporates AI technology to augment the surgeon's understanding of the surgery. As part of the collaboration, Orthofix will utilize an nView s1 imaging and navigation system in its Lewisville, Texas training facility where they will conduct joint educational programs for surgeon customers. Orthofix and nView medical will work together to gain 510 clearances for Orthofix pediatric limb deformity solutions navigated with the nView s1 system. Additionally, the companies will pursue the development of an application of the technology for adult cervical spine procedures utilizing Orthofix's comprehensive portfolio of cervical solutions.
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ADMA | Hot Stocks07:06 EST ADMA on track to have 10 or more plasma collection centers by end of 2023 - ADMA currently has nine plasma collection facilities under its corporate umbrella at various stages of FDA approval and development, including six facilities that are currently operational and collecting plasma. The Company remains on track to have 10 or more plasma collection centers FDA-licensed by year-end 2023. The anticipated yield enhancement resulting from the recent Haemonetics Persona implementation, in combination with the Company's growing BioCenters network, has ADMA well-positioned to achieve source plasma self-sufficiency by year end 2023 and contribute to quarter-over-quarter revenue and plasma collections growth throughout 2022 and beyond. We believe these activities will help ensure continuity of commercial product supply to customers and patients in the growing U.S. IG market.
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LASR | Hot Stocks07:05 EST nLight CFO Ran Bareket to retire, Joseph Corso to succeed - nLIGHT announced that Ran Bareket, CFO, plans to retire from nLIGHT. Bareket will step down as CFO on March 1, following the filing of nLIGHT's annual report on Form 10-K, and will continue to serve as an advisor through June 30, to facilitate a smooth transition. nLIGHT also announced that Joseph Corso, who currently serves as vice president of corporate development and investor relations for nLIGHT, will be promoted to CFO, effective March 1. Prior to joining nLIGHT in 2020, Corso served as global co-head of electronics and industrial technology at Stifel, where he spent over 15 years advising publicly traded companies on a wide range of corporate finance and M&A transactions.
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PG | Hot Stocks07:05 EST Procter & Gamble sees FY22 capital spending 4%-5% of FY22 net sales - P&G continues to estimate a core effective tax rate in the range of 18% to 19% in fiscal 2022. P&G increased its outlook for adjusted free cash flow productivity to 95% and now expects to pay over $8B in dividends and repurchase $9B-$10B of common shares in fiscal 2022. Combined, P&G now plans to return $17B-$18B of cash to shareowners in the fiscal year.
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ADMA | Hot Stocks07:05 EST ADMA Biologics reiterates all previously provided financial targets - With multiple US Food and Drug Administration inspections conducted at ADMA's Boca Raton, FL facility and certain of its BioCenters throughout 2021, the agency has published on its website that ADMA remains in Current Good Manufacturing Practice compliance across its manufacturing and plasma collection operations. The Company's current compliant standing is a direct result of the tireless efforts of its dedicated and focused leadership team with ongoing commercial operations as well as the multi-year remediation and expansion efforts by the organization since taking over the product assets and manufacturing facility in 2017. During 2021, ADMA received FDA approvals for its 4,400L expanded intravenous immune globulin production scale as well as its in-house fill-finish and related operations production line using the VanRx SA25 Workcell aseptic filling machine (VanRx). In addition to the significant operating and cost efficiencies anticipated as a result of these approvals, ADMA's in-house fill-finish capabilities position the Company as the only U.S.-domiciled fractionator of plasma-derived products with complete end-to-end control of its critical manufacturing functions. This milestone FDA approval will also enable ADMA to explore potential accretive revenue opportunities through providing contract manufacturing to third parties not currently contemplated in ADMA's current financial guidance. The collective achievements in 2021 largely de-risk the asset's regulatory profile and support the achievement of all financial targets over the near and longer term.
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ADAG | Hot Stocks07:04 EST Adagene expands the SAB with appointment of Gandara - Adagene announced the appointment of David Gandara, M.D., to its Scientific and Strategic Advisory Board, the SAB. Dr. Gandara, Professor Emeritus and Senior Advisor of the Thoracic Oncology Program at University of California Davis Comprehensive Cancer Center, brings "knowledge and understanding to the immuno-oncology field," the company said.
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BRKR | Hot Stocks07:04 EST Bruker acquires Swiss technology firm Prolab Instruments GmbH, terms undisclosed - Bruker announced the acquisition of Prolab Instruments GmbH, a Swiss technology company specialized in low-flow, high precision liquid chromatography technology and systems. Financial terms of the transaction were not disclosed. Zirconium Ultra for cap-LC high-throughput 4D proteomics and metabolomicsEstablished in 1988, ProLab's innovations center around micro and nano-UHPLC pump technology, resulting in the development of the unique Zirconium split-less pump technology for flow rates from nano-flow regimes. The Zirconium Ultra nano- and cap-UHPLC system supports a broad range of flow rates from 4 nL/min to 10 microL/min at 1000 bar , and is suitable for cap-LC in high-throughput proteomics and metabolomics. Mr. Juergen Srega, the President of the Bruker CALID Group, explained: "Given the enormous sensitivity improvements of our timsTOF Pro 2 and timsTOF SCP mass spectrometers, our customers are working with lower and lower sample amounts. Prolab's innovative mobile injector technology on the Zirconium Qube autosampler provides high-precision, low volume injections with minimal sample loss and carryover, as well as faster cycle times. Zirconium perfectly complements our ultra-high sensitivity unbiased, deep 4D proteomics, immunopeptidomics and single-cell proteomics solutions."
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GMDA | Hot Stocks07:03 EST Gamida Cell to initiate rolling BLA submission for omidubicel - Gamida Cell announced that following receipt of positive Type B meeting correspondence from the FDA yesterday, the company plans to initiate a rolling biologics license application, or BLA, submission for omidubicel, a potentially life-saving treatment for patients with blood cancers in need of stem cell transplant. As previously disclosed, in late 2021 the FDA requested a revised analysis of the manufacturing data generated at Gamida Cell's wholly owned commercial manufacturing facility to demonstrate the analytical comparability to the Lonza clinical manufacturing site that produced omidubicel for the Phase 3 study. Gamida Cell and the FDA have now reached alignment that analytical comparability has been established between the commercial manufacturing facility and the product that was manufactured for the Phase 3 study. Based on this demonstration of comparability, along with the clinical results of the Phase 3 study, the FDA has agreed that the initiation of a rolling BLA submission is appropriate. Additional clinical data will not be required to initiate the BLA submission.
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BTAI VYNE | Hot Stocks07:02 EST BioXcel Therapeutics appoints Matt Wiley as Chief Commercial Officer - BioXcel Therapeutics (BTAI) announced the appointment of Matt Wiley as Senior Vice President and Chief Commercial Officer, CCO. Wiley joins BioXcel Therapeutics from VYNE Therapeutics (VYNE), where he served as CCO.
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OSMT RVLP | Hot Stocks06:54 EST Osmotica Pharmaceuticals changes name to RVL Pharmaceuticals - Osmotica Pharmaceuticals (OSMT) announced that the company has changed its name to RVL Pharmaceuticals (RVLP). This rebranding reflects RVL's strategy to become a growth company in eye care and medical aesthetics, and, as part of this transformation, RVL has launched a new corporate website www.rvlpharma.com.
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USB | Hot Stocks06:50 EST U.S. Bancorp reports Q4 net interest margin 2.4% vs. 2.57% a year ago - Reports return on average assets of 1.16% and return on average common equity of 13.0% for 4Q21. Net charge-off ratio of 0.17% in 4Q21 compared with 0.20% in 3Q21 and 0.58% in 4Q20. Average total loans grew 2.0% on a linked quarter basis.
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BAC | Hot Stocks06:48 EST Bank of America CEO: Investment banking had its best year ever - Chairman and CEO Brian Moynihan said: "Our fourth-quarter results were driven by strong organic growth, record levels of digital engagement, and an improving economy. We grew loans by $51 billion and added $100 billion of deposits during the quarter, further strengthening our position as the leader in retail deposits. We earned a record $32 billion in 2021, with every business line solidly contributing. In Consumer, we added millions of new credit card accounts and nearly a million net new checking accounts as we continued to demonstrate the value we provide through our physical and digital capabilities. Wealth Management had record client flows and the strongest client acquisition numbers since before the pandemic. Investment Banking had its best year ever and Global Markets had its highest sales and trading revenue in a decade, led by record Equities performance as we invested in the business."
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BAC | Hot Stocks06:47 EST Bank of America returned $31.7B to shareholders in 2021 via dividends, buybacks
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BAC | Hot Stocks06:47 EST Bank of America reports Q4 net interest income $11.4B, noninterest income $10.7B - Provision for credit losses improved by $542 million to a benefit of $489 million. Noninterest expense rose 6% to $14.7 billion, driven by higher revenue-related incentive compensation, partially offset by lower COVID-19 related costs. Average loan and lease balances up $10 billion to $945 billion. Average deposits up $280 billion, or 16%, to $2.0 trillion. Common equity tier 1 ratio 10.6%.
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VERO | Hot Stocks06:45 EST Venus Concept gets FDA clearance to market Venus BlissMAX in U.S. - In a press release yesterday, Venus Concept "announced that it has received 510(k) clearance from the U.S. Food and Drug Administration to market the Venus BlissMAX device in the United States." CEO Domenic Serafino stated: "BlissMAX is an important addition to our body treatment franchise, as we believe the integration of three body treatment technologies in a single, cost-effective platform will resonate with physician customers. The BlissMAX provides excellent results, has little-to-no downtime and offers compelling profitability per procedure for our customers. We look forward to initiating a limited commercial launch in the U.S. by the end of the first quarter of 2022 and believe BlissMAX will be the only device on the market to offer laser fat reduction, cellulite reduction and muscle conditioning in a single body contouring workstation."
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BAC | Hot Stocks06:45 EST Bank of America reports Q4 trading revenue ex. DVA $2.93B
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HEXO | Hot Stocks06:37 EST Hexo provides update on cost savings initiatives - Hexo provided an update on its strategic plan, "The Path Forward", with the goal of becoming the first amongst its peers to be cash flow positive from operations. The plan is expected to generate incremental cash flow of approximately $175M over the next two years, from a combination of cost reductions and anticipated organic revenue growth. Hexo announced significant cost-saving initiatives to reduce SG&A expenses. These initiatives are expected to represent a 30% reduction in the company's SG&A by FY23 end. These cost reductions will be achieved through a combination of reduced reliance on outside consultants, streamlining the organization as a new IT platform is implemented, right-sizing the organization, and realizing the benefits of recent acquisitions. The company has also identified approximately $30M in additional savings from optimizing its production network and leveraging the capacities of its recent acquisitions. The company has also identified certain non-core assets which may be divested. The company intends to apply the proceeds from any such sales principally to debt reduction. Hexo sold its 25% interest in the Belleville Complex to Olegna for approximately $10.1M. Hexo will continue to lease the facility for processing, manufacturing and distribution with no changes to the existing lease arrangements.
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GORO | Hot Stocks06:33 EST Gold Resource sold 22,644 ounces of gold and 1,066,581 ounces of silver in 2021 - Gold Resource sold a total of 22,644 ounces of gold and 1,066,581 ounces of silver in 2021 for a gold equivalent total of 37,512 ounces. Additionally, the company sold 13,553 tonnes of zinc, 1,420 tonnes of copper and 5,999 tonnes of lead resulting in a year-end cash balance of $34M. Fourth Quarter 2021 Production Highlights: 9,848 gold equivalent ounces sold, inclusive of 6,119 gold ounces and 287,805 silver ounces sold; 405 tonnes of payable copper; 2,059 tonnes of payable lead; 4,167 tonnes of payable zinc. Allen Palmiere, President and CEO, said, "As I reflect on my first year at Gold Resource Corporation, I am pleased with the results of the Don David Gold Mine and the acquisition of Aquila Resources Corporation. Despite ground control challenges and the voluntary temporary shutdown due to COVID-19 in late August and early September, our Mexican operation still achieved the high end of guidance for gold production. Throughout the year, the team took a disciplined approach to identifying opportunities for improvements and implementing efficiencies. Our exploration investment has shown great promise and has given us excellent targets for our 2022 in-mine and near mine drill program. In addition, the completion of the filtration plant and dry stack facilities advances our environmental stewardship efforts. I am optimistic about 2022 as we continue to plan for our future in Oaxaca and advance the definitive feasibility study for the Back Forty Project in Michigan."
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SWI | Hot Stocks06:32 EST SolarWinds acquires federal services provider Monalytic - SolarWinds has acquired Monalytic, a monitoring, analytics, and professional services company, and preferred SolarWinds services provider. Monalytic has long been a partner of SolarWinds, providing SolarWinds' public sector customers with professional services and training. Monalytic has experience in the installation of SolarWinds software in complex environments and the integration of SolarWinds with legacy systems. All Monalytic consultants are SolarWinds Certified Professionals and will continue to work alongside the SolarWinds Partner ecosystem and network of resellers. Monalytic brings 16 employees to SolarWinds and through the acquisition will continue to operate as a separate entity.
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FULT | Hot Stocks06:24 EST Fulton Financial sees FY22 net interest income $660M-$680M - Sees FY22 noninterest income $230M-$245M, with noninterest expense $580M-$600M. Sees FY22 effective tax rate 16.5%-17.5%. Comments taken from Q4 earnings conference call presentation slides.
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PFE | Hot Stocks06:21 EST Pfizer's Paxlovid effective against omicron in lab tests, says company - Paxlovid, Pfizer's new Covid-19 pill, was effective against the omicron variant in laboratory tests, with the drug's main component, nirmatrelvir, working in three separate laboratory studies, the company said on Tuesday. "These data suggest that our oral Covid-19 therapy can be an important and effective tool in our continued battle against this devastating virus and current variants of concern, including the highly transmissible Omicron," said Mikael Dolsten, Pfizer's chief scientific officer. In one lab study, Pfizer researchers tested nirmatrelvir against protease, and nirmatrelvir blocked the protease target in omicron to the same degree it blocked the enzyme in the original strain, Pfizer said. Reference Link
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EXAI | Hot Stocks06:09 EST Exscientia appoints Charlotte Deane as Chief Scientist of Biologics AI - Exscientia has appointed Charlotte Deane as Chief Scientist of Biologics AI. In this newly created role, she will focus on the application of artificial intelligence, machine learning, and the design of protein structures in the discovery and development of novel drug candidates. Deane joins Exscientia's technology leadership team, reporting to Chief Technology Officer, Garry Pairaudeau. Deane has held numerous senior roles at the University of Oxford, where she is currently Professor of Structural Bioinformatics and leads the University's Protein Informatics group. She will maintain both of these roles. Prior to this, she was Deputy Executive Chair of the Engineering and Physical Sciences Research Council at UK Research and Innovation. During the COVID-19 pandemic she was the UKRI's COVID Response Director, and was a member of SAGE, the UK Government's Scientific Advisory Group for Emergencies.
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CBSH | Hot Stocks06:09 EST Commerce Bancshares reports Q4 net interest margin 2.43%, down 15 bps from Q3 - For the quarter, the return on average assets was 1.28%, the return on average equity was 13.11% and the efficiency ratio was 57.3%. The ratio of annualized net loan charge-offs to average loans was .11% in the current quarter compared to .10% in the prior quarter. Net charge-offs on loans remained low. Compared to the previous quarter, average deposits grew $790.6M, or 2.8%. The average rate paid on interest bearing deposits was 5 basis points this quarter.
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PAAS | Hot Stocks06:06 EST Pan American Silver reports preliminary Q4 silver production 5.28M ounces - Reports preliminary Q4 gold production 156,700 ounces. The company said, "Pan American Silver is currently experiencing the effects of the latest wave of COVID-19 infections, which has led to reduced workforce levels. At the present time, it is too early to determine what impact, if any, the current COVID-19 situation may have on operations in the first quarter or full-year 2022. Consequently, Pan American Silver has decided to postpone issuing its 2022 production and costs guidance. We intend to provide 2022 guidance no later than February 23, 2022, when Pan American Silver releases its audited results for Q4 and FY 2021."
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AFIB | Hot Stocks06:05 EST Acutus Medical announces corporate restructuring, reduction in force - "We have undertaken a detailed review of our strategic priorities, the external environment, and cost structure and are restructuring the Company to sharpen our focus and strengthen our financial position," said Vince Burgess, President & CEO. "While challenging, this restructuring is a critical step in positioning Acutus for the future, and we are committed to treating impacted employees with respect and support through this period of change." As part of the restructuring, the company will prioritize maximizing console utilization and procedure volume growth in targeted geographic regions as well as a more focused scope of product development initiatives. To align resources with current strategic direction, the company has undertaken a planned reduction in force and is implementing additional cost reduction measures. These actions are expected to result in annualized operating expense savings of $23M-25M compared to 2021. The company expects that operating expense savings, cost reductions in manufacturing operations, and working capital improvements will result in a 30%-40% reduction in quarterly cash burn exiting 2022 compared to 2021. Based on the timing of notifications under the Worker Adjustment and Retraining Notification Act, the company expects to start realizing the benefit of its restructuring plan starting late in the first quarter of 2022. Burgess concluded "This restructuring is one component of our efforts to strengthen the company's foundation. We expect to emerge from these actions as a stronger organization and better-positioned to achieve our mission and strategic objectives. We are making good progress on the clinical and product development front, and we are confident that our strategic realignment of priorities and resources will position us for long-term growth. We are planning to share more detail on our renewed focus and priorities on our earnings call in March."
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PAAS | Hot Stocks06:05 EST Pan American Silver reports preliminary FY21 silver production 19.2M ounces - Pan American Silver announced its preliminary production results for FY21. Consolidated silver production in 2021 of 19.2M ounces was within the revised guidance range of 19M to 20M ounces provided on November 9, 2021. Consolidated gold production in 2021 of 579.3 thousand ounces was within the revised guidance range of 560,000 to 588,000 ounces provided on November 9, 2021. Dolores achieved record gold production of 160,100 ounces in 2021. "Production improved in 2021 over 2020, although continued to be constrained by reduced workforce deployment levels due to the COVID-19 pandemic. We are pleased to see progressive production ramp up at La Colorada during the fourth quarter of 2021, following the advances on the upgrades to the ventilation circuit and ground support programs," said Michael Steinmann, president and CEO.
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FREY HON | Hot Stocks06:05 EST Freyr Battery and Honeywell collaborate on energy storage solutions - Honeywell (HON) and Freyr Battery (FREY) have signed an agreement pursuant to which Freyr will, subject to viability, leverage Honeywell's technology offerings, including integrated automation, field instrumentation and security integration solutions in their manufacturing process. As part of the collaboration, Honeywell will purchase 19 GWh of battery cells produced by FREYR from 2023 through 2030 for a multitude of energy storage systems applications. Through the agreement, Honeywell and FREYR intend to provide energy storage solutions to address the needs of a range of commercial and industrial customers alike. The battery cells produced through this project can be utilized by "behind-the-meter" or industrial locations, as well as "front-of-the-meter" locations like large solar and wind renewable power generation sites. Honeywell has committed to achieve carbon neutrality in its operations and facilities by 2035.
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BBLN | Hot Stocks06:02 EST Babylon Holdings acquires DayToDay Health - Babylon completed its acquisition of DayToDay Health to provide Babylon members with DayToDay's digital-firs programs and clinical services prior to and following scheduled surgeries, major health events like childbirth, and following diagnosis of chronic conditions. DayToDay provides patients targeted education, communication and clinical support from a personal care team before or after clinical visits, hospitalizations, or surgeries. Babylon will integrate DayToDay's scalable capabilities into its existing digital-first healthcare offering. Headquartered in Boston, DayToDay was founded in 2018 by a team of engineers, scientists and clinicians during their time at MIT with the goal of managing virtual patient care - specifically acute, post-surgical, and out-of-hospital care.
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ORCL | Hot Stocks06:02 EST Oracle opens first cloud region in Africa - Oracle announced the availability of its first cloud region in Africa to meet the rapidly growing demand for enterprise cloud services on the continent. The Oracle Cloud Johannesburg Region will boost cloud adoption across Africa while also helping businesses achieve better performance and drive continuous innovation. The opening marks Oracle's 37th cloud region worldwide with plans to have at least 44 cloud regions by the end of 2022.
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BTCM | Hot Stocks05:39 EST BIT Mining Limited provides update on Ohio mining site - BIT Mining Limited announced its progress in the construction and buildout of its Ohio mining site in North America. In collaboration with its partner, the company has achieved approximately 50 megawatts of power capacity at the Ohio mining site. As announced in October 2021, BIT Mining is constructing a data center in Ohio with a total planned power capacity of up to 150MW. As the data center's power capacity continues to scale, the company is not only conducting self-mining operations, but is also hosting third-party miners. Xianfeng Yang, CEO of BIT Mining, commented, "Our Ohio Mining Site continues to grow, and we are making progress in its buildout and in securing mining machines, despite ongoing industrywide supply-side constraints. 50MW is our first notable milestone, but this is only the beginning. We intend to reach our goals of extending our footprint and creating strong industry partnerships. As we continue to grow our computing power, we are also focused on creating a technology-driven diversified enterprise, capable of generating revenue along the cryptocurrency value chain."
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REGN SNY | Hot Stocks05:35 EST Regeneron, Sanofi announce PRIME trial meets primary and secondary endpoints - Regeneron (REGN) and Sanofi (SNY) announced results from a second Phase 3 trial, PRIME, evaluating Dupixent in adults with uncontrolled prurigo nodularis, a chronic type 2 inflammatory skin disease. The trial met its primary and key secondary endpoints, showing that Dupixent significantly reduced itch and skin lesions compared to placebo at 24 weeks in this investigational setting. These data confirm the results that were previously reported from the Phase 3 PRIME2 trial, and are expected to be submitted to regulatory authorities around the world starting in the first half of this year. In the Phase 3 PRIME trial, topline results comparing Dupixent to placebo showed at week 24: More than three times as many Dupixent patients experienced a clinically meaningful reduction in itch from baseline, the primary endpoint: 60% of Dupixent patients compared to 18% of placebo patients. Nearly three times as many Dupixent patients achieved clear or almost clear skin, a key secondary endpoint: 48% of Dupixent patients compared to 18% of placebo patients. Dupixent patients experienced significantly greater improvements in measures of health-related quality of life, skin pain and symptoms of anxiety and depression. The safety results of the trial were consistent what was observed in PRIME2, and were also generally consistent with the known safety profile of Dupixent in its approved indications. For the 24-week treatment period, overall rates of treatment-emergent adverse events were 71% for Dupixent and 63% for placebo. Adverse events most commonly observed with Dupixent included nasopharyngitis and headache. Additionally, 0% of Dupixent patients and 4% of placebo patients discontinued treatment due to adverse events prior to week 24. Consistent with published literature for the atopic dermatitis trials, numerically lower rates of skin infections were seen with Dupixent in this trial. Detailed results from this trial will be presented at an upcoming medical congress. The potential use of Dupixent in prurigo nodularis is currently under clinical development, and the safety and efficacy have not been fully evaluated by any regulatory authority.
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ZGNX | Hot Stocks05:28 EST UCB to acquire Zogenix for $26 per share, milestone-based CVR - UCB and Zogenix announced that the companies have entered into a definitive agreement under which UCB would acquire Zogenix. Under the terms of the agreement, UCB will commence a tender offer to purchase all outstanding shares of Zogenix for a purchase price per share of $ 26.00 in cash at closing, plus a contingent value right, or CVR, for a potential cash payment of $2.00 upon EU approval by December 31, 2023, of Fintepla as an orphan medicine for treatment of Lennox-Gastaut syndrome, or LGS. The upfront consideration represents a 72% premium to Zogenix shares based on the 30-day volume weighted average closing stock price of Zogenix prior to signing. The total transaction is valued at up to approximately $ 1.9B. The board of directors of both companies have unanimously approved the transaction, the closing of which remains subject to the tender of shares representing at least a majority of the total number of Zogenix's outstanding shares, receipt of required antitrust clearances, and other customary conditions. Zogenix has submitted a Type II Variation Application to the EMA, and the U.S. FDA recently accepted for filing Zogenix's supplemental New Drug Application, granting Priority Review, for LGS. Under the terms of the acquisition agreement, UCB, through a wholly-owned subsidiary, Zinc Merger Sub, will initiate a tender offer to acquire all outstanding shares of Zogenix for a purchase price of $26.00 per share in cash, plus one non-tradeable CVR. The CVR will entitle holders to an additional cash payment of $2.00 per share if a regulatory milestone related to approval of Fintepla for treatment of seizures associated with Lennox-Gastaut syndrome is achieved by or before December 31, 2023. The closing of the tender offer will be subject to certain conditions, including the tender of shares representing at least a majority of the total number of Zogenix's outstanding shares, receipt of required antitrust clearances, and other customary conditions. Upon the successful completion of the tender offer, UCB's acquisition subsidiary will be merged into Zogenix, and any remaining shares of common stock of Zogenix will be cancelled and converted into the right to receive the same consideration per share offered in the tender offer. The transaction is expected to close by the end of the second quarter of 2022. There can be no assurance any payments will be made with respect to the CVR.
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ASML INTC | Hot Stocks05:23 EST ASML, Intel announce latest phase of semiconductor lithography technology pact - ASML (ASML) and Intel (INTC) announced the latest phase of their longstanding collaboration to advance the cutting edge of semiconductor lithography technology. Intel has issued its first purchase order to ASML for the delivery of the industry's first TWINSCAN EXE:5200 system - an extreme ultraviolet, or EUV, high-volume production system with a high numerical aperture and more than 200 wafers per hour productivity - as part of the two companies' long-term High-NA collaboration framework. Intel announced at its Accelerated event in July that it plans to deploy the first High-NA technology to enable its roadmap of transistor innovations. Intel was the first to purchase the earlier TWINSCAN EXE:5000 system in 2018, and with the new purchase announced, the collaboration continues the path for Intel's production manufacturing with High-NA EUV beginning in 2025. EUV 0.55 NA has been designed to enable multiple future nodes beginning in 2025 as the industry's first deployment, followed by memory technologies at similar density. At the 2021 Investor Day, ASML shared its EUV roadmap and indicated that High-NA technology is expected to start supporting production manufacturing in 2025. The announcement is consistent with this roadmap.
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SNN | Hot Stocks05:19 EST Smith & Nephew acquires Engage Surgical for $135M - Smith+Nephew announced the acquisition of Engage Surgical, owner of the only cementless unicompartmental knee system commercially available in the U.S. The Engage Surgical Partial Knee System is a modern cementless knee implant to serve a resurgent segment driven by the potential for better long-term fixation through biologic integration, shorter operating times, and the shift to Ambulatory Surgery Centers. With Engage Surgical's Partial Knee System, Smith+Nephew expects to be able to drive market expansion in the U.S., and in time in other markets as regulatory approvals are secured. Engage Surgical's Partial Knee System currently has regulatory clearance in the U.S. where it is in limited market release. The cost of the acquisition is up to $135M contingent on sales performance. The acquisition was financed from existing cash and debt facilities. Engage Surgical is located in Orlando, Florida.
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MYNZ | Hot Stocks05:16 EST Mainz Biomed engages DCN Dx to potentially integrate biomarkers into ColoAlert - Mainz Biomed announced it has formally contracted with DCN Dx, an international developer of point-of-care diagnostics, and provider of product development services. Emily Friedland, VP of clinical research at DCN Dx will spearhead the preparation and initiation of Mainz's European centric clinical study to evaluate the potential to integrate a portfolio of recently acquired novel mRNA biomarkers into ColoAlert, the company's detection test for colorectal cancer. This suite of biomarkers which were in-licensed from Socpra Sciences Sante Et Humaines S.E.C. in early January, have demonstrated the ability to detect pre-cancerous lesions including advanced adenomas, a type of pre-cancerous polyp often attributed to colorectal cancer. The study is on track to commence in the first half of 2022. Under the terms of the engagement, DCN Dx will be responsible for the selection of additional clinical research organizations and assist Mainz's management with the development of robust study protocols and associated clinical processes.
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BTG | Hot Stocks05:12 EST B2Gold sees FY22 gold production 990,000-1,050,000 ounces - B2Gold announced its production and budget guidance for 2022. For 2022, B2Gold reports total gold production guidance of between 990,000-1,050,000 ounces with total consolidated forecast cash operating costs of between $620-$660 per ounce and total consolidated AISC of between $1,010-$1,050 per ounce; consolidated cash operating costs per ounce and AISC per ounce are forecast to be higher than 2021 mainly due to higher budgeted prices for fuel, labor and other consumables and a stronger budgeted Namibian dollar while the increase in AISC per ounce is also impacted by moderately higher planned sustaining capital expenditures Due to the timing of high-grade ore mining, consolidated gold production from the company's three operating mines is expected to be significantly weighted to the second half of 2022; for the first half of 2022, consolidated gold production is forecast to be between 390,000-410,000 ounces, which is expected to increase significantly to between 560,000-590,000 ounces during the second half of 2022. B2Gold is planning a year of aggressive exploration in 2022 with a budget of approximately $65M, including a record $29M allocated to the company's ongoing grassroots exploration programs. Based on current assumptions, including a gold price of $1,800 per ounce, the company expects to generate cashflows from operating activities of approximately $625M in 2022, expected to be significantly weighted to the second half of 2022.
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BTG | Hot Stocks05:08 EST B2Gold reports Q4 gold production 304,897 ounces - B2Gold announced its total gold production and consolidated gold revenues for Q4 and FY21, in addition to its production and budget guidance for 2022. Reports Q4 total gold production of 304,897 ounces and consolidated gold production of 288,849 ounces from the company's three operating mines. Reports Q4 consolidated gold revenues of $526M on sales of 292,350 ounces at an average realized gold price of $1,800 per ounce. Reports record annual total gold production of 1,047,414 ounces, marking the thirteenth consecutive year of record annual total gold production. Reports consolidated 2021 gold production from the company's three operating mines of 987,595 ounces, near the top end of its revised guidance range and exceeding the upper end of its original guidance range. Reports annual consolidated gold revenues of $1.76B on sales of 981,401 ounces at an average realized gold price of $1,796 per ounce.
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