Stockwinners Market Radar for January 27, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
GENI | Hot Stocks20:35 EST Cathie Wood's ARK Investment bought 859K shares of Genius Sports today
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DNA | Hot Stocks20:34 EST Cathie Wood's ARK Investment bought 990K shares of Ginkgo Bioworks today
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TSLA | Hot Stocks20:33 EST Cathie Wood's ARK Investment bought 33.5K shares of Tesla today
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HMST | Hot Stocks20:19 EST HomeStreet raises quarterly dividend to 35c from 25c per share - The dividend is payable on February 23, 2022 to shareholders of record at the close of business on February 9, 2022.
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HMST | Hot Stocks20:18 EST HomeStreet announces $75M buyback expansion
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C DBSDY | Hot Stocks19:10 EST Citi to sell consumer bank in Taiwan to DBS - Citi (C) announced it has reached agreement with DBS (DBSDY) on the acquisition of Citi's consumer banking franchises in Taiwan. The transaction includes the retail banking, credit card, mortgage and unsecured lending businesses but excludes the bank's institutional businesses. Citi remains committed and focused on serving institutional clients in Taiwan locally, regionally and globally. The agreement covers all related Citi staff, with approximately 3500 consumer bank and supporting employees expected to transfer to DBS Taiwan upon close of the proposed transaction. DBS will pay Citi cash consideration for the net assets of the acquired businesses, plus a premium of approximately NTD19.8B, or $715M, subject to customary closing adjustments. Upon closing, Citi expects the transaction to result in the release of approximately $800M of allocated tangible common equity. As previously announced, Citi's exit from its consumer franchises in 13 markets across Asia Pacific and EMEA is expected to release approximately $7B of allocated tangible common equity over time. DBS Taiwan was selected by Citi following an extensive and competitive auction process. Citi is committed to a seamless transaction, and during the transition to closing, there will be no change in service provided to the company's consumer banking and wealth customers, the U.S. lender said. Completion of the proposed transaction is subject to customary regulatory and migration conditions. Subject to the timing of satisfying these conditions, completion and full migration is anticipated by mid-2023.
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BIIB | Hot Stocks19:05 EST Biogen confirms agreement with Samsung Biologics to sell JV stake for $2.3B - Biogen confirmed that they have entered into an agreement whereby Samsung Biologics will acquire Biogen's equity stake in the Samsung Bioepis joint venture for an aggregate consideration of up to $2.3B. Upon the acquisition of Biogen's stake, the companies will continue with their exclusive agreements, including commercialization of their current portfolio. This includes marketed products BENEPALI, a biosimilar referencing ENBREL, IMRALDITM, a biosimilar referencing Humira, and FLIXABI, a biosimilar referencing Remicade. Additionally, Biogen will also retain commercial rights for BYOOVIZTM, an approved biosimilar referencing LUCENTIS, as well as an investigational biosimilar candidate in development, SB15, a proposed biosimilar referencing EYLEA. Under the terms of this agreement, Biogen will receive $1B in cash at closing and $1.25B to be deferred over two payments of $812.5M due at the first anniversary and $437.5M due at the second anniversary of the closing of the transaction. Biogen is eligible to receive up to $50M contingent upon achievement of certain commercial milestones. Closing of the transaction is contingent on the effectiveness of a securities registration statement filed by Samsung Biologics and satisfaction of certain regulatory and other customary closing conditions.
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AAPL | Hot Stocks19:05 EST Apple says install base now at 1.8B active devices - Says active install base now at 1.8B active devices, a record high. Says set all-time records for developing and emerging markets in Q1. Says iPad revenues lower due to supply constraints. Says supply chain constraints in Q1 worse than prior quarter. Comments taken from Q1 earnings conference call.
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AAPL | Hot Stocks19:04 EST Correction: Apple says install base now at 1.8B active devices - A previous version of the story incorrectly said 1.8M.
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BIIB | Hot Stocks19:03 EST Biogen confirms agreement with Samsung Biologics to sell equity stake for $2.3B - Biogen "confirmed that they have entered into an agreement whereby Samsung Biologics will acquire Biogen's equity stake in the Samsung Bioepis joint venture for an aggregate consideration of up to $2.3B. Upon the acquisition of Biogen's stake, the companies will continue with their exclusive agreements, including commercialization of their current portfolio. This includes marketed products BENEPALI, a biosimilar referencing ENBREL, IMRALDITM, a biosimilar referencing Humira, and FLIXABI, a biosimilar referencing Remicade. Additionally, Biogen will also retain commercial rights for BYOOVIZTM, an approved biosimilar referencing LUCENTIS, as well as an investigational biosimilar candidate in development, SB15, a proposed biosimilar referencing EYLEA. Under the terms of this agreement, Biogen will receive $1B in cash at closing and $1.25B to be deferred over two payments of $812.5M due at the first anniversary and $437.5M due at the second anniversary of the closing of the transaction. Biogen is eligible to receive up to $50M contingent upon achievement of certain commercial milestones. Closing of the transaction is contingent on the effectiveness of a securities registration statement filed by Samsung Biologics and satisfaction of certain regulatory and other customary closing conditions."
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NUE | Hot Stocks18:47 EST Nucor CEO: We are the first to produce net zero steel at scale - In an interview on CNBC's Mad Money, Leon Topalian said Nucor is very diversified as a company. Every end market it tracks is showing improvement, which means good returns ahead, he noted. Nucor's value proposition is unlike any competitor, he added.
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GOOGL GOOG | Hot Stocks18:45 EST Google launches Offers tab on Google Play app - Google announced that it is launching "Offers," a new tab in the Google Play Store app to help users discover deals in games and apps across travel, shopping, media & entertainment, fitness, and more. The rollout is underway and it will be available to more people in the United States, India and Indonesia over the coming weeks, and more countries later in 2022. "Sections like "Offers for apps you might like" help you easily find deals that are relevant to you," the company said. "We're partnering with developers of some of the top apps and games on Google Play to add new, fresh deals every day."
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CYBN | Hot Stocks17:55 EST Cybin announces additional Adelia milestone achievement - Cybin is "pleased to announce that Adelia Therapeutics, a wholly-controlled subsidiary of Cybin, has achieved the milestones identified as Y1, Q4 , Y1, Q4 and Y2, Q1 as contemplated by the terms of a contribution agreement dated December 4, 2020 among Cybin, Cybin Corp., Cybin US Holdings Inc., a wholly-controlled subsidiary of Cybin, and all of the previous shareholders of Adelia. Pursuant to the terms of the Transaction Agreement, Class B common shares in the capital of the Acquiror shall be issued to the Adelia Shareholders, in satisfaction of the $551,171.99 due to them on meeting a portion of the relevant milestones, at an effective issue price determined in accordance with the Transaction Agreement and applicable securities law."
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ALXO | Hot Stocks17:52 EST ALX Oncology receives FDA orphan drug designation for evorpacept - ALX Oncology announced that the U.S. FDA granted orphan drug designation to evorpacept, a next-generation CD47 blocker, for the treatment of patients with gastric cancer and gastroesophageal junction cancer.
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GLP | Hot Stocks17:49 EST Global Partners expands portfolio with acquisition of Connecticut stores - Global Partners LP "announced that it has completed the previously announced purchase of retail fuel and convenience store assets from Consumers Petroleum of Connecticut, Inc. The deal demonstrates the Partnership's strategy of growing in part through acquisitions designed to create new sources of income and increase overall earnings power. The transaction includes 26 company-operated "Wheels" branded convenience stores in Connecticut, as well as fuel supply agreements with 22 sites in Connecticut and New York. As part of a Federal Trade Commission consent order, Global has divested seven select retail sites in Connecticut."
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AAPL | Hot Stocks17:38 EST Apple says metaverse seems 'very interesting' - Says always exploring new and emerging technologies. Says metaverse seems "very interesting." Says doesn't see any need for fundamental supply chain change. Sees "a lot of potential" in AR space.
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ASTL GE | Hot Stocks17:33 EST Algoma Steel awards gas turbines contract to GE supporting power requirements - The company states: "Algoma Steel (ASTL) announced that it has awarded GE Gas Power (GE) a contract for an upgrade to the company's natural gas combined cycle power plant, including the installation of two gas turbine packages. The upgrade is expected to supply Algoma Steel with sufficient internal generation capability to power phase one of its transition to electric arc furnace steelmaking. Under the terms of the contract, GE will provide two LM6000 aero derivative gas turbines complete with new control systems as well as a new control system for the existing GE steam turbine. In addition, GE will also complete a full rewind on the No. 2 Generator. Local contractors from Sault Ste. Marie and area will be engaged for the equipment installation. Algoma Steel expects the project to be completed in the spring of 2023, a full year before the scheduled commissioning of the new electric arc furnaces. At full capacity, the refurbished cogeneration facility is designed to have the ability to generate 110 MW of electricity, up from its current capacity of 34 MW."
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BA | Hot Stocks17:29 EST Boeing awarded $106.06M Navy delivery order - Boeing was awarded $106.06M for a ceiling-priced delivery order under previously awarded basic ordering agreement for the repair of flight control surfaces used on the F/A-18 E/F and EA-18G aircraft. Work will be completed by March 2024 with no option periods. Working capital funds in the amount of $51.97M will be obligated at the time of award and funds will not expire at the end of the current fiscal year. One company was solicited for this sole-source requirement pursuant to the authority set forth in 10 U.S. Code 2304, with one offer received. Naval Supply Systems Command Weapon Systems Support is the contracting activity.
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AAPL | Hot Stocks17:28 EST Apple sees services growth decelerating in Q2 from Q1
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NOC | Hot Stocks17:25 EST Northrop Grumman awarded $150M Air Force contract - Northrop Grumman has been awarded a $150M ceiling cost-type, indefinite-delivery/indefinite-quantity contract for engineering support to the AN/ALQ-161A Operational Flight Program sustainment effort and to deliver block cycle updates. Work will be performed at U.S. government installations and McLean, Virginia, and is expected to be completed by January 30, 2032. This award is the result of a sole source acquisition. FY22 operations and maintenance funds in the amount of $12.98M are being obligated at the time of award. Air Force Life Cycle Management Center is the contracting activity.
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AAPL | Hot Stocks17:23 EST Apple expects to achieve Q2 revenue record - Says paid subscriptions topped 785M across platforms in Q1. Says achieved new records for cloud, music, video, payment, and ads services. Sees achieving Q2 revenue record. Sees "solid" year-over-year revenue growth for Q2. Sees foreign exchange being headwind for Q2. Sees Q2 revenue growth rate to decelerate from Q1.
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AAPL | Hot Stocks17:17 EST Apple says Q1 install base growth was broad-based - Says iPad contraints "particularly pronounced" in Q1. Says "vast majority" of sales now from M1-powered devices. Says momentum in Mac category better than ever. Says iPhone sales were records in both developed and emerging markets.
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FNV | Hot Stocks17:16 EST Franco-Nevada raises quarterly dividend 6.7% to 32c per share - Franco-Nevada Corporation announced that its Board of Directors has raised its quarterly dividend and declared a quarterly dividend of 32c per share payable on March 31, 2022 to shareholders of record on March 17, 2022. This is a 6.7% increase from the previous 30c per share quarterly dividend and marks the 15th consecutive annual increase for Franco-Nevada shareholders. Canadian investors in Franco-Nevada's IPO in December 2007 are now receiving an effective 10.7% yield on their cost base. The Board of Directors has determined to move its annual dividend reviews earlier in the year than prior practice starting with 2022. The dividend policy will now be reviewed at the beginning of the fiscal year so that any increases to the dividend will be effective for the full fiscal year rather than commencing in Q2 as in prior years. The dividend has been declared in U.S. dollars and the Canadian dollar equivalent will be determined based on the daily average rate posted by the Bank of Canada on the Record Date. Under Canadian tax legislation, Canadian resident individuals who receive "eligible dividends" are entitled to an enhanced gross-up and dividend tax credit on such dividends.
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AAPL | Hot Stocks17:12 EST Apple says working 'intensely' towards carbon neutrality goal by 2030 - Says iPhone 13 lineup the best the company has ever had. Says services business performed better than expected. Says retail saw highest revenue in history despite pandemic.
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RHI | Hot Stocks17:07 EST Robert Half sees FY22 capex, capitalized cloud computing costs $95M-$105M - Sees $20M-$25M of capital expenditures in Q1.
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AAPL | Hot Stocks17:05 EST Apple says install base now at 1.8M active devices - Says active install base now at 1.8M active devices, a record high. Says set all-time records for developing and emerging markets in Q1. Says iPad revenues lower due to supply constraints. Says supply chain constraints in Q1 worse than prior quarter. Comments taken from Q1 earnings conference call.
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FRST | Hot Stocks17:03 EST Primis Financial reports Q4 EPS 31c, consensus 26c - Reports Q4 tangible book value per share $12.43. Reports Q4 CET1 capital ratio 13.89%. Dennis Zember president and CEO of the company commented, "Our efforts for a couple years now have been centered on building momentum in certain strategies that can grow both sides of our balance sheet with a noticeable bent towards quality customers and asset classes. Our current position with our core lending teams and our lines of business give us substantial confidence in future growth of earning assets. Our digital bank and its unique offerings will augment the deposit side of our balance sheet and the combination of these strategies should produce industry-oriented spreads with faster growth rates. Ending the year with two quarters of outsized growth in loans and a successful "friends and family" launch of the digital bank gives us confidence that our vision is taking shape and close to producing the results we expected."
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BW | Hot Stocks17:00 EST Babcock & Wilcox announces $6M contract - Babcock & Wilcox announced that its B&W Thermal segment has been awarded a contract for more than $6M to provide advanced technologies to convert a Middle East chemical plant's six boilers from oil to cleaner, lower-emission fuel. B&W Thermal will design, manufacture and supply dual-fuel burners, main and local gas skids and other equipment and provide commissioning and other technical services.
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BAP | Hot Stocks16:56 EST Credicorp names Francesca Raffo as chief innovation officer, effective Feb. 1 - Credicorp Ltd. announces that the Board of Directors, in its session held on January 27, appointed Francesca Raffo as Chief Innovation Officer of Credicorp, effective February 1. This position, which was recently created, "will ensure that all LOBs are aligned with Credicorp's strategy to act as force of disruption and innovation in the financial services industry," the company said in a statement. Raffo will continue in her role as Deputy CEO Retail Banking at BCP, which she assumed in June 2020.
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WDC | Hot Stocks16:54 EST Western Digital drops 12% to $47.50 after Q2 results, CFO change
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HOOD | Hot Stocks16:49 EST Robinhood drops 8% to $10.69 after Q1 revenue guidance misses estimates
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FMBI ONB | Hot Stocks16:47 EST First Midwest-Old National Bancorp merger receives final regulatory approval - Old National Bancorp (ONB) and First Midwest (FMBI) announced that their merger of equals transaction has received Federal Reserve approval. This follows approvals received last year from the Office of the Comptroller of the Currency and stockholders of both companies. With this final regulatory step completed, the merger is expected to occur on or before March 1, subject to customary closing conditions. It will create one of the largest banks headquartered in the Midwest, with over $45B of combined assets, and presence in six of the largest Midwestern MSAs. Post-closing, the combined organization will operate under the Old National Bancorp and Old National Bank names, with dual headquarters in Evansville and Chicago. Branch locations will continue to operate under their respective names until the system conversion is complete, which is currently anticipated to occur in July.
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HD | Hot Stocks16:46 EST Home Depot names Ted Decker CEO - Home Depot announced that Edward "Ted" Decker has been named CEO and president, and has been elected to the company's board of directors, all effective March 1, 2022. Craig Menear, currently chairman and CEO, will continue to serve as Chair of the Board. "As a 22-year associate of The Home Depot, Ted has nurtured our culture by living our values and demonstrating servant leadership throughout his career," said Menear. "Ted has grown with the company by taking on expanded roles of leadership from his time in Strategic Business Development, Finance and Merchandising to leading our day-to-day interconnected operations in his role as President and COO. His ability to blend the art and science of retail is exactly what is needed in the next phase of growth for The Home Depot. I have tremendous confidence that he will guide our company to new heights." Decker joined The Home Depot in 2000 and was named president and chief operating officer in October 2020.
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PCG | Hot Stocks16:39 EST PG&E rebrands WSOC, expands its scope - PG&E announced a new name and an expanded scope for its Wildfire Safety Operations Center, or WSOC, to more effectively monitor potential natural disasters and the impact to the company's assets to ensure the continued safety of its customers and the hometowns it serves. The WSOC is now the Hazard Awareness & Warning Center, or HAWC. "Why? Without sacrificing any of the facility's deep expertise related to wildfires, the expanded scope will allow the HAWC to serve as the source for reliable, real-time situational awareness of a broader range of natural disasters, emergencies and other events throughout PG&E's service area," the company said. "That includes enabling enterprise-level communications to ensure the appropriate level of response as well as providing a focal point of understanding potential risks to our gas and electric infrastructure."
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RHI | Hot Stocks16:39 EST Robert Half CEO says 'we achieved record annual results' - "2021 was an extraordinary year, and we achieved record annual results. Fourth quarter revenues grew 36% and net income grew 78%, exceeding the high end of our guidance and reflecting sustained, broad-based demand across our staffing and business consulting businesses," said Keith Waddell, president and CEO of Robert Half. "Our permanent placement and Protiviti operations continued to show very strong results, growing year-over-year revenues by 73% and 37%, respectively. Our temporary and consultant staffing operations also performed well and had year-over-year revenue growth of 31%, with particular strength in Management Resources, which grew 56%. Compared with the pre-pandemic fourth quarter of 2019, 2021 revenues were higher by 15% and net income was higher by 49%. Return on invested capital for the company was 50% in the fourth quarter."
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OLN | Hot Stocks16:37 EST Olin drops 7% to $46.00 after mixed Q4 results
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AAPL | Hot Stocks16:35 EST Apple rallies 2% to $162.33 following Q1 beat
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CSR | Hot Stocks16:35 EST Centerspace acquires Noko Apartments in Minneapolis for $46.4M - Centerspace announced that is has acquired Noko Apartments in Minneapolis, Minnesota for an aggregate purchase price of $46.4M. Centerspace previously financed Noko through its preferred financing program with $29.9M of a construction loan bearing interest at 4.5% and $13.5M of a mezzanine loan bearing interest at 11.5%. Constructed in 2021, Noko is a 130-home mixed-use community located adjacent to Lake Nokomis in the Southwest submarket and features walkability and connectivity to retailers and the lakes recreational areas. In addition to the homes, Noko sits atop a new Lunds & Byerlys grocery store.
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AAPL | Hot Stocks16:34 EST Apple reports Q1 Services revenue $19.52B vs. $15.76B last year
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AAPL | Hot Stocks16:34 EST Apple Q1 Wearables, Home and Accessories sales $14.7B vs. $12.97B last year
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AAPL | Hot Stocks16:34 EST Apple reports Q1 iPad revenue $7.25B vs. $8.44B last year
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AAPL | Hot Stocks16:33 EST Apple reports Q1 Mac revenue $10.85B vs. $8.68B last year
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MATX | Hot Stocks16:33 EST Matson adds 3M shares to existing share repurchase plan - The Board approved adding 3M shares, or approximately 7% of outstanding common shares, to the existing 3M share repurchase program, to be effective after the announcement of Matson's fourth quarter 2021 financial results on or about February 17. As of January 26, the existing share repurchase program had approximately 0.3M shares remaining.
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AAPL | Hot Stocks16:33 EST Apple reports Q1 iPhone revenue $71.63B vs. $65.6B last year
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MVBF | Hot Stocks16:33 EST MVB Financial names Donald T. Robinson president - The Board of Directors of MVB Financial Corp. has announced changes to the structure of MVB's Executive Team. "To fully execute our strategic plan and to move MVB forward on the financial frontier, we need to ensure that we are set up for success. As our needs as an organization evolve, so must the organizational structure in place to support MVB's key initiatives," said Larry F. Mazza, CEO of MVBF and MVB Bank. Donald T. Robinson will transition to the role of President of MVBF and MVB Bank. He will maintain his corporate development responsibilities in his new role and will remain as Chief Financial Officer of MVBF in the interim as MVB conducts a national search for the CFO position. Larry F. Mazza will remain as CEO of MVBF and MVB Bank. Additional changes within the Executive Team include the following: John Marion, currently Executive Vice President, Chief Risk Officer, will become Chief Operating Officer; James (Jamie) R. Nalls, currently Executive Vice President, Regional President for CoRe Banking, will move into the new role of President of CoRe Banking; Brad Greathouse, currently, Executive Vice President, Chief People and Culture Officer, will have a change in title to Chief Administration Officer. All three leaders will assume additional responsibilities.
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AAPL | Hot Stocks16:32 EST Apple declares cash dividend of 22c per share - Apple's board of directors has declared a cash dividend of 22c per share of the company's common stock. The dividend is payable on February 10, to shareholders of record as of the close of business on February 7,.
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OHI | Hot Stocks16:32 EST Omega Healthcare authorizes new three-year $500M buyback program - Omega's board has authorized the repurchase of up to $500M of Omega's outstanding common stock, from time to time, through March 2025.
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AAPL | Hot Stocks16:32 EST Apple CFO says response to recent launches 'very strong' - Luca Maestri, Apple's CFO, said in the earnings release: "The very strong customer response to our recent launch of new products and services drove double-digit growth in revenue and earnings, and helped set an all-time high for our installed base of active devices. These record operating results allowed us to return nearly $27 billion to our shareholders during the quarter, as we maintain our target of reaching a net cash neutral position over time."
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NI DUK | Hot Stocks16:32 EST NiSource CEO Joe Hamrock to retire, Lloyd Yates to succeed - NiSource (NI) announced that, as a result of a long-planned succession process, its Board of Directors has appointed Lloyd Yates as the company's next President and CEO, effective February 14. At that time, Joe Hamrock will facilitate the CEO transition for a short time in a non-executive role, after which time he will retire to pursue various personal and philanthropic interests. Yates, who joined the company's Board in 2020, will continue to serve as a director. In addition to serving on the NiSource Board since March of 2020, Yates is a seasoned executive in the regulated energy industry, having most recently served as Executive Vice President, Customer and Delivery Operations, and President, Carolinas Region for Duke Energy (DUK).
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LFG FTS | Hot Stocks16:32 EST Archaea expands commercial partnership with FortisBC - Archaea Energy Inc. (LFG) announced that it is expanding its commercial partnership with FortisBC Energy Inc., a subsidiary of Fortis Inc. (FTS) by entering into a new long-term RNG purchase and sale agreement. This is the second long-term commercial agreement between Archaea and FortisBC, an energy solutions provider in British Columbia, Canada, serving approximately 1.2 million customers with natural gas, electricity, propane and renewable energy solutions. Under the agreement, which is subject to regulatory approval by the British Columbia Utilities Commission, FortisBC expects to purchase up to 8 million gigajoules (approximately 7.6 million MMBtu) of RNG generated by Archaea annually from its portfolio of RNG production facilities for a fixed fee for a period of 20 years. The agreement is expected to commence in 2022 upon regulatory approval, with the full annual quantity beginning in 2025. The RNG produced by Archaea for this long-term partnership is expected to help FortisBC meet its stated goal of having 15 percent of its natural gas supply be renewable by 2030.
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AAPL | Hot Stocks16:31 EST Apple CEO highlights 'most innovative lineup of products and services ever' - Apple CEO Tim COok said in the earnings release: "This quarter's record results were made possible by our most innovative lineup of products and services ever. We are gratified to see the response from customers around the world at a time when staying connected has never been more important. We are doing all we can to help build a better world - making progress toward our goal of becoming carbon neutral across our supply chain and products by 2030, and pushing forward with our work in education and racial equity and justice."
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FIS | Hot Stocks16:30 EST FIS raises quarterly dividend by 21% to 47c per share - The dividend is payable March 25, 2022, to FIS shareholders of record as of close of business on March 11, 2022.
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OLN | Hot Stocks16:29 EST Olin sees sequentially higher raw material and operating costs in early 2022 - Scott Sutton, Chairman, President and CEO, said, "Our team's performance in 2021 demonstrated the success of our unique winning model, which prioritizes value, and highlights the potential still to be unlocked across our Chemicals and Winchester businesses. Our fourth quarter performance demonstrated how our model can adapt in real-time to emphasize 'value first' versus our historical sales volume maximization approach, as our Chemical businesses reduced operating rates and increased product purchases to fulfill our participation level. As a result, our fourth quarter 2021 adjusted EBITDA delivered our forecasted guidance. Our Electrochemical Unit Profit Contribution Index continued to move higher, as Olin drove sequential pricing improvement in the fourth quarter 2021 for chlorine, chlorine derivatives, including epoxy resins, and caustic soda. Winchester continued to deliver on both commercial and military fronts, as we launched our Shoot United initiative during the quarter to promote recreational sport shooting. We enter 2022 with our model of focusing on system value fully effective and ready to incorporate organic and inorganic growth initiatives. In early 2022, we expect sequentially higher raw material and operating costs, mainly increased natural gas and electrical power costs. As a result, we expect the first quarter 2022 results from our Chemical businesses to be similar to fourth quarter 2021 levels. We expect our Winchester business first quarter 2022 results to increase sequentially from fourth quarter 2021."
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KLAC | Hot Stocks16:27 EST KLA Corp. sees Q3 non-GAAP gross margin 61.5%-63.5% - Q3 GAAP gross margin is expected to be in a range of 59.5%-61.7%.
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TOL | Hot Stocks16:26 EST Toll co-Founder Robert Toll to transition to Chairman Emeritus role - Toll Brothers announced that co-founder Robert I. Toll has chosen not to stand for re-election to the Board of Directors at the Company's March 8 meeting of stockholders. He will continue to serve the Company as Chairman Emeritus and, in that role, will be invited to attend board meetings and continue to provide support and advice to the Company. In 1967, at the age of 26, Bob Toll along with his brother Bruce founded Toll Brothers, Inc. From the Company's inception through 2010, he led the Company as Chairman and Chief Executive Officer and has overseen its growth from its roots as a local southeastern Pennsylvania builder to its current position as America's leading luxury home builder and a Fortune 500 company, with operations in over 60 markets across 24 states.
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SRE ETR | Hot Stocks16:25 EST Sempra Infrastructure enters MOU with Entergy Louisiana on renewable energy - Sempra Infrastructure, a subsidiary of Sempra (SRE), announced it has entered into a memorandum of understanding with Entergy (ETR) Louisiana to develop options designed to accelerate the deployment of renewable energy to power Sempra Infrastructure's facilities in the state. The MOU is non-binding and sets forth a framework for Entergy Louisiana and Sempra Infrastructure to collaborate on developing additional options for renewable energy procurement for Sempra Infrastructure affiliated facilities, subject to the ultimate approval of the Louisiana Public Service Commission and, with respect to Cameron LNG, its joint venture partners. The MOU also provides for collaboration for the potential reduction of methane emissions upstream of Sempra Infrastructure facilities. Sempra Infrastructure owns a 50.2% interest in Cameron LNG, a 12 million tonnes per annum (Mtpa) liquefied natural gas export facility operating in Hackberry, Louisiana and is working with the Cameron LNG joint venture partners to develop a cost-effective and lower-emission potential expansion of the facility. The proposed Cameron LNG expansion would include an additional liquefaction train with an offtake capacity of approximately 6.75 Mtpa that would utilize electric compression, equivalent to adding approximately 300 megawatts (MW) of demand to the Entergy Louisiana system.
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MRCY | Hot Stocks16:24 EST Mercury Systems awarded $17M contract for ruggedized RF microelectronics - Mercury Systems announced it was awarded a $17M contract to provide crucial RF microelectronics supporting missile capabilities of the U.S. and its allies in ensuring 21st-century air dominance. These multi-channel digital RF assemblies will help provide real-time signals intelligence data, speeding information to the warfighter. The award was received in the company's fiscal 2022 first quarter and is expected to be shipped over the next several quarters.
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BZH | Hot Stocks16:18 EST Beazer Homes reports Q1 net new orders down 20.9% at 1,141 - Q1 dollar value of homes in backlog as of December 31, 2021 increased 20.9% to $1.4B, representing 2,908 homes, compared to $1.16B, representing 2,837 homes, at the same time last year. The average selling price of homes in backlog was $483.2K, up 17.9% from $409.7K in the previous year.
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FIBK | Hot Stocks16:17 EST First Interstate names Scott Erkonen chief information officer - First Interstate BancSystem announced that it expects Scott Erkonen and Karlyn Knieriem to join the FIBK executive team upon the closing of the previously announced merger of Great Western Bancorp, Inc. into FIBK. At the effective time of the merger, Mr. Erkonen will serve as the Chief Information Officer and Ms. Knieriem will serve as the Chief Risk Officer. "I look forward to working alongside Scott, Karlyn, and the rest of the Executive Team as we establish First Interstate as one of the country's premier community banking franchises," said FIBK President and CEO Kevin Riley.
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WTFC | Hot Stocks16:17 EST Wintrust Financial boosts dividend 9.7% to 34c per share - Wintrust Financial announced that the Company's Board of Directors approved a quarterly cash dividend 34c per share of outstanding common stock. The dividend is payable on February 24 to shareholders of record as of February 10 . This represents an increase of approximately 9.7% from the 31c quarterly cash dividend paid in each of the quarters of 2021.
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PRVB | Hot Stocks16:16 EST Provention Bio resubmitting teplizumab BLA after meeting with FDA - Provention Bio intends to resubmit the teplizumab Biologics License Application - BLA - for the delay of clinical type 1 diabetes in at-risk individuals following its Type B pre-BLA resubmission meeting with the FDA. The purpose of the Type B pre-BLA resubmission meeting was to discuss FDA feedback and obtain agreement on Provention's proposed clinical pharmacology data package, including data and analysis from the pharmacokinetic/pharmacodynamic substudy completed by the company to address the FDA's PK comparability considerations contained in the complete response letter issued last July. The FDA proposed, and the company agreed, to use PK modeling to adjust the 14-day dosing regimen for the planned commercial product to match the exposure of clinical material used in prior clinical trials by ensuring that the 90% confidence intervals for relevant PK parameters fall within the target 80-125% range. On this basis, the FDA agreed that Provention could proceed to resubmit the BLA. The company believes it will be in a position to resubmit the BLA in Q1. The FDA has 30 days to review the BLA resubmission, determine whether it is complete and acceptable for review, and provide the due date for action.
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BOOT | Hot Stocks16:15 EST Boot Barn sees FY22 CapEx $41M-$43M - Sees new unit growth of 10%.
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CAMP | Hot Stocks16:13 EST CalAmp names Mark Gaydos as chief marketing officer - CalAmp announced the appointment of Mark Gaydos as its chief marketing officer. Gaydos will lead CalAmp's worldwide marketing strategy, go-to-market execution, branding and demand creation to help promote CalAmp's mission to automate and optimize transportation and logistics operations with its wide array of leading connected intelligence solutions. Gaydos previously served as the CMO at Nlyte Software where he was responsible for global corporate marketing, sales development, branding and lead generation, as well as digital and product marketing.
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FOR | Hot Stocks16:13 EST Forestar sees 19.5K-20K lot deliveries in FY22 - Donald J. Tomnitz, Chairman of the Board, said, "The Forestar team is off to a great start in fiscal 2022 with over 4,500 lot deliveries during our first fiscal quarter. We continue to capture market share in the fragmented and under-capitalized U.S. lot development industry, and as a result, we are increasing our guidance for fiscal 2022. We now expect to deliver between 19,500 and 20,000 lots generating approximately $1.7 billion of revenue, and expect our pre-tax profit margin to be between 13.5% and 14.0% for the full fiscal year. Forestar's return-focused business model is centered on our high inventory turnover, lower risk lot manufacturing strategy. Our strategic and operational plan is underpinned by our low net leverage and strong liquidity, the engagement of our people and our strategic relationship with D.R. Horton, the nation's largest homebuilder. With over 100,000 lots owned and controlled at December 31, 2021, we expect continued robust growth with increasing pre-tax profitability and returns in the coming years."
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VMW | Hot Stocks16:13 EST VMware recommends rejection of below-market mini-tender by TRC Capital - VMware "announced that it received notice of an unsolicited "mini-tender" offer by TRC Capital Corporation to purchase up to 1 million shares of VMware's Class A common stock at a price of $118.50 per share in cash. TRC's offering price is 4.23% less than the closing price of $123.74 per share of VMware's common stock on January 21, 2022, the last trading day before TRC commenced its mini-tender offer. If all shares are acquired, TRC's ownership would represent approximately 0.24% of VMware's outstanding common stock. VMware recommends that VMware stockholders do not tender their shares in response to the TRC offer. VMware recommends that stockholders who have not responded to TRC's offer take no action."
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HOOD | Hot Stocks16:12 EST Robinhood sees FY22 operating expenses up 15%-20% - The company said, "For fiscal year 2022, Robinhood expects total operating expenses, excluding share-based compensation, to increase 15-20% year-over-year. Additionally, we expect share-based compensation to decline 35-40% year-over-year. Actual results for total operating expenses, excluding share-based compensation, might differ materially from our outlook due to several factors, including the rate of growth in net new funded accounts which affects several costs including variable marketing costs, the degree to which we are successful in preventing fraud, our ability to manage web-hosting expenses efficiently, and our ability to achieve productivity improvements in customer service, among other factors."
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CP | Hot Stocks16:11 EST Canadian Pacific reports Q4 operating ratio 59.2%
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KAMN | Hot Stocks16:11 EST Kaman expands medical imaging programs with Mirion Technologies - Kaman Composites, an indirect, wholly owned subsidiary of Kaman Corp, announces the expansion of its medical imaging program through the recent new partnership with Mirion Technologies, a major medical equipment manufacturer. Kaman will be supplying surgical C-Arm tabletops to Mirion, with first deliveries set to begin in the second quarter of 2022.
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V | Hot Stocks16:10 EST Visa reports Q1 payments volume up 20% y/y - Reports Q1 Cross-Border Volume Total up 40% and Processed Transactions up 21%
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EBC | Hot Stocks16:09 EST Eastern Bankshares raises quarterly dividend 25% to 10c per share - Eastern Bankshares' Board of Directors has declared a quarterly cash dividend of $0.10 per common share. The dividend represents a $0.02, or 25%, increase from the dividend declared in the past three quarters, and will be payable on March 15, 2022, to shareholders of record as of the close of business on March 3, 2022.
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CLFD | Hot Stocks16:09 EST Clearfield reinstates repurchase pact - "We remain very optimistic about Clearfield's growth potential as the demand for high-speed broadband, especially fiber-led broadband, continues to be very robust, and we continue to make meaningful progress on our 'Now of Age' plan objectives. With the current visibility we have into our substantial order backlog as well as the pipeline behind it, we expect to deliver projected annual net sales of $176 million to $183 million in fiscal year 2022, representing growth of 25% to 30% over fiscal year 2021 revenues." Lastly, the Company is reinstating its stock repurchase program that had been suspended due to Covid uncertainty in April 2020. In addition, the Company's board of directors increased the share repurchase program by an additional $10 million to $22 million, from the previous $12 million. The Company has approximately $15 million remaining authorized in the program as of January 27, 2022.
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OSCR | Hot Stocks16:08 EST Oscar Health sees FY22 premiums growth more than 80% at midpoint - Oscar Health issued 2022 guidance reflecting significant growth for its business with premiums expected to increase more than 80% YoY at the midpoint. In conjunction with guidance, the Company also announced a $305 million convertible notes transaction to strengthen the balance sheet and provide strong liquidity to support the growth of the organization. "Oscar has seen more than 70% annual premium growth, on average, over the past 5 years, demonstrating that our exceptional member experience is resonating with new and existing members alike," said Mario Schlosser, CEO and co-founder at Oscar. "We are honored to welcome our new members and serve the more than one million individuals across the country who are trusting us with their healthcare." For full year 2022, Oscar projects premiums will increase to $6.1 billion - $6.4 billion, a YoY increase of roughly 80% at the midpoint. The Company is also projecting an Adjusted EBITDA loss of ($380) million to ($480) million, which reflects both improving MLR and administrative expense ratios YoY. Finally, the Company is introducing a new key performance indicator, the Adjusted Administrative Expense Ratio, which includes insurance and technology related expenses, as well as other corporate expenses. The Company believes this additional metric provides greater visibility into its overall path to profitability.
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PCB | Hot Stocks16:06 EST PCB Bancorp raises quarterly dividend to 15c from 12c per share - The dividend will be paid on or about February 18, 2022, to shareholders of record as of the close of business on February 11, 2022.
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HITI | Hot Stocks16:05 EST High Tide sees Q1 sales over C$70M
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WDC | Hot Stocks16:04 EST Western Digital names Wissam Jabre as new CFO effective February 7 - Western Digital announced that Wissam Jabre will assume the role of Western Digital's Executive Vice President and CFO effective the week of February 7, 2022. Prior to joining Dialog Semiconductor in 2016, Jabre served as Corporate Vice President of Finance at Advanced Micro Devices. Current CFO, Robert Eulau, will remain with the company during an advisory period to ensure a seamless transition.
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PII | Hot Stocks16:01 EST Polaris raises quarterly dividend by 2% to 64c per share - The first quarter dividend will be payable on March 15, 2022 to shareholders of record at the close of business on March 1, 2022.
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PENN | Hot Stocks16:00 EST Penn National approved to offer mobile, online Barstool sportsbook in Louisiana - Penn National Gaming, Inc. announced it has received approval from the Louisiana Gaming Control Board to offer online sports betting in the state. Penn National expects to launch its Barstool Sportsbook mobile app and desktop product tomorrow morning, January 28th, at 8:00am CST, pending any final regulatory approvals. "We are thrilled to be launching our Barstool Sportsbook online sports betting product in Louisiana, which will provide our retail casino customers and mychoice loyalty program members another exciting way to enjoy our unique entertainment offerings," said Jay Snowden, President and CEO of Penn National. "Louisiana marks the twelfth state where we operate the Barstool Sportsbook mobile app, and as in the other states, I'm confident that customers will enjoy engaging with Dave Portnoy, Dan 'Big Cat' Katz and other Barstool fan favorites, and we're offering a number of promotional wagers on the app to help celebrate the launch." Penn National operates five gaming facilities in Louisiana - Boomtown Bossier City, Boomtown New Orleans, L'Auberge Baton Rouge, L'Auberge Lake Charles and Margaritiville Resort is Bossier City.
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SWX IEP | Hot Stocks15:34 EST Southwest Gas issues statement regarding extension of Icahn tender offer - Southwest Gas (SWX) confirmed that an affiliate of Carl Icahn (IEP) extended its tender offer to acquire any and all outstanding common shares of the company for $75.00 per share in cash. As previously announced, Southwest Gas' board of directors rejected Icahn's unsolicited tender offer. The board continues to recommend that stockholders not tender any of their shares into the offer. Southwest Gas issued the following statement: "The Southwest Gas Board of Directors continues to believe that Mr. Icahn's Offer is highly illusory and undervalues the Company, has no certainty of completion and is not in the best interests of Southwest Gas stockholders. The Offer remains inadequate and contingent upon a long list of ambiguous conditions, nearly all of which we note are within Mr. Icahn's discretion. Moreover, Mr. Icahn has now amended his Offer so that it would only proceed if he wins control of the Southwest Gas Board, which further reinforces our belief that the Icahn slate has been assembled with one goal in mind-to facilitate Mr. Icahn's effort to take control of Southwest Gas without paying a control premium to Southwest Gas stockholders. Mr. Icahn claims to have found a way to circumvent the regulatory approval process. We disagree with Mr. Icahn's apparent assertion that removing voting control from some fraction of the shares he proposes to own satisfies the need for him to obtain regulatory approval. The fact is Mr. Icahn does not have regulatory approval to proceed with his Offer or take control of the Southwest Gas Board through a proxy contest. Further, Mr. Icahn has not waived, nor satisfied, the Regulatory Approval condition to his Offer. The Southwest Gas Board and management team are executing a clear and detailed strategy to create value and will continue to take actions to enhance value for all of our shareholders."
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ASTR | Hot Stocks15:31 EST Astra awarded NASA contract worth up to $300M - Astra Space announced the award of the Venture-Class Acquisition of Dedicated and Rideshare Launch Services Indefinite Delivery/Indefinite Quantity contract from the National Aeronautics and Space Administration for future task orders, which have not yet been issued. This contract has a five-year ordering period with a maximum total value of $300M and will be managed by the Launch Services Program at the agency's Kennedy Space Center in Florida. This new contract is in addition to the four launches NASA has already contracted with Astra for delivery this year.
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PYR | Hot Stocks15:15 EST PyroGenesis says factory acceptance test for torches scheduled with client - PyroGenesis Canada announces that a factory acceptance test for the use of its plasma torches in iron or pelletization has now been scheduled to be completed with "Client A," which it identifies as "a multi-billion-dollar international producer of iron ore pellets, one of the largest in the industry, whose name will remain confidential for competitive reasons." This FAT is scheduled to be conducted between February 2 and Feb 14, the company noted. "We are pleased to announce today that we are now entering the acceptance test phase with Client A; a client with a need for up to 500 torches. Once we have completed the testing, we will not only announce the outcome, but we expect to have sufficient data to provide further visibility on the expected timeline moving forward," said P. Peter Pascali, CEO and Chair of PyroGenesis.
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RLAY | Hot Stocks14:57 EST Relay Therapeutics treatment of cholangiocarcinoma granted orphan designation - Relay Therapeutics' treatment of cholangiocarcinoma was granted FDA orphan designation, according to a post to the agency's website. Reference Link
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RKLB | Hot Stocks14:28 EST Rocket Lab selected to provide Venture-Class launch services for NASA - Rocket Lab USA announced that it has been selected by NASA as one of twelve companies to provide launch services for the agency's Venture-Class Acquisition of Dedicated and Rideshare, or VADR, missions, which it says will be "providing new opportunities for science and technology payloads and fostering a growing U.S. commercial launch market." VADR is a five-year program with a maximum total budget for $300M in launch contracts, Rocket Lab noted. "We are absolutely thrilled to be selected by NASA to support VADR missions, continuing our heritage of delivering a reliable ride to space for the agency's small satellites as both dedicated and rideshare missions. NASA's Launch Services Program plays a crucial role in growing the U.S launch industry by ensuring resilient space access and we could not be prouder to play a role in that," said Rocket Lab founder and CEO Peter Beck.
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MSFT | Hot Stocks14:27 EST Microsoft updates Xbox subscription flexibility following CMA scrutiny - The U.K. Competition and Markets Authority said it has secured improvements for Xbox online players, following concerns about Microsoft's use of auto-renewing subscriptions for online gaming services. The changes relate to Microsoft's practices in relation to the automatic renewal of contracts for online gaming services. Microsoft's Xbox Live Gold and Game Pass products allow people to access a library of games and play together online. They are offered as memberships which are often entered into on an auto-renewal basis. This means that membership is automatically rolled over at the end of each contract period and the customer charged unless they actively take steps to stop the subscription. As part of an investigation into the online console video gaming sector the Competition and Markets Authority (CMA) identified concerns about certain features of Microsoft's auto-renewing subscriptions, in particular: whether it was clear upfront that contracts would automatically renew; how easy it was to turn off automatic renewal; and whether people may not have realised they were still paying for services they no longer used. The CMA has secured undertakings with Microsoft which are designed to address these concerns. The improvements include: Better upfront information: Microsoft will provide more transparent, upfront information to help customers understand their Xbox membership - making clear, for example, that the subscription will auto-renew unless the customer turns off auto-renewal; when the subscription will auto-renew; how much it will cost; and how the customer can receive a refund after an accidental renewal. Refunds: Microsoft will contact existing customers on recurring 12-month contracts and give them the option to end their contract and claim a pro-rata refund. Inactive memberships: Microsoft will also contact existing customers who haven't used their memberships for a long time but are still paying. These customers will be reminded how to stop payments, and if they continue not to use their memberships, Microsoft will ultimately stop taking further payments. Better information about price increases: Microsoft will give clearer notifications of any future price rises, and will ensure people know how to turn off auto-renewal if they don't want to pay the higher price. Reference Link
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VIVO | Hot Stocks14:13 EST Meridian Bioscience names John McIlwraith chairman of the board - Meridian Bioscience announced that John C. McIlwraith has been elected as Chairman of the Meridian Board of Directors, effective January 26, 2022. McIlwraith succeeds David C. Phillips, who retired after serving for more than 21 years on the Meridian Bioscience Board. McIlwraith is a Managing Director of Allos Ventures, a venture capital firm, where he leads investments in early-stage technology companies. Prior to co-founding Allos Ventures in 2010, Mr. McIlwraith was a Managing Director of Blue Chip Venture Company. "John's broad experience with innovative healthcare and other high growth companies and in driving strategy uniquely positions him to help guide Meridian as we continue to develop innovative diagnostic assays and cutting-edge molecular and immunological reagents," said Meridian Bioscience CEO, Jack Kenny.
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SBGI DGLY | Hot Stocks14:08 EST TicketSmarter, Sinclair Sports Group enter into multi-year agreement - TicketSmarter and Sinclair Sports Group, a sales division of Sinclair Broadcast Group (SBGI), announced a new, multi-year agreement for TicketSmarter to become the official ticket provider of the non-linear digital platforms for Bally Sports and Tennis Channel, and the Sinclair Broadcast Group station websites. The partnership will include TicketSmarter's live event ticket offerings being featured across Sinclair-owned websites, enabling fans to seamlessly purchase tickets for sporting events, concerts, theater shows and more. TicketSmarter branding and a branded content series will also be integrated into the websites, and within the non-linear, digital platforms for Bally Sports, Tennis Channel and Stadium. TicketSmarter is a proud member of the Digital Ally Companies (DGLY).
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TOL | Hot Stocks13:47 EST Toll Brothers opens new active adult community in Hudson, Mass - Toll Brothers announced the opening of its newest 55+ active adult community, Enclave at Hudson, located off Chestnut Street in Hudson, Mass. "As the leading luxury builder for active adult living in the greater Boston area for the past decade, we understand what our customers want in new home designs, personalization choices, and onsite amenities for this next stage in their lives. We are excited to bring this exceptional community offering to this fantastic location in Hudson," said Dave Bauer, Division President of Toll Brothers in Massachusetts.
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KR | Hot Stocks13:40 EST Kroger to add spoke facility in Louisville, Kentucky powered by the Ocado - The Kroger announced it will offer more Americans delivery through the addition of a spoke facility in Louisville, Kentucky powered by the Ocado Group and combining vertical integration, machine learning, and robotics to provide an affordable, friendly, and fast fresh food delivery service as part of the company's seamless ecosystem.
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TOL | Hot Stocks13:37 EST Toll Brothers opens new active adult community in Hudson, Mass - Toll Brothers announced the opening of its newest 55+ active adult community, Enclave at Hudson, located off Chestnut Street in Hudson, Mass. This private, peaceful community of only 64 single-family home sites offers luxury living in a picturesque setting close to recreation, parks, shopping, and downtown Hudson, which was recently recognized as the winner of the "America's Main Streets" contest. 0"As the leading luxury builder for active adult living in the greater Boston area for the past decade, we understand what our customers want in new home designs, personalization choices, and onsite amenities for this next stage in their lives," said Dave Bauer, Division President of Toll Brothers in Massachusetts. "We are excited to bring this exceptional community offering to this fantastic location in Hudson."
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SPRC | Hot Stocks13:33 EST SPRC Stock trading resumes
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SPRC | Hot Stocks13:28 EST SPRC Stock trading halted, volatility trading pause
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PYR | Hot Stocks13:28 EST PyroGenesis says 'no undisclosed events to warrant' decline in stock price - PyroGenesis Canada issued a press release in response to today's trading activity, and the sudden decline in its stock price. "The company wishes to reassure investors that all projects are all on track and that there are no undisclosed events to warrant the recent decline. The company prefers not to opine on stock price and trading activity, however, given the recent decline, and inquiries from investors, the company confirms the following: Everything material has been disclosed by the Company in either its press releases or financial reports. PyroGenesis further confirms that none of the contracts previously disclosed are at risk. Last, but not least, the company wishes to reassure PyroGenesis' investors that the company remains on track with current and prospective projects," PyroGenesis stated. "We just want to take the time to reassure investors that the recent decline in stock price cannot be explained by any undisclosed events taking place within the company. The Board is of the opinion that the Company continues to strengthen its position and has never been better placed," said P. Peter Pascali, CEO and Chair of PyroGenesis.
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UBSFY | Hot Stocks13:11 EST Ubisoft to shut down 'Hyper Scape' as of April 28 - Ubisoft said it has made the decision to end development of multiplayer game "Hyper Scape" and shut the game down as of April 28. "We set out to create a vertical, close-quarters, and fast-paced shooter experience and we are extremely grateful to our community for joining us on our journey. We will be taking key learnings from this game into future products," developer Ubisoft Montreal said. "To the Hyper Scape community, thank you for your passion and dedication to the world of Neo Arcadia both inside and outside of the game. Your devotion to the game we built will always be cherished." Reference Link
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UONE | Hot Stocks13:08 EST Urban One trading resumes
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CCL | Hot Stocks13:05 EST Carnival sees dampening in booking activity for 2H22 - In a regulatory filing, Carnival said that, amid continued issues surrounding COVID-19, it expects to have its full fleet back in operation for the summer season where the company historically generates the largest share of its operating income. Since the beginning of its fiscal year, Carnival has experienced an impact on bookings for its near-term sailings, including higher cancellations resulting from an increase in pre-travel positive test results and challenges in the availability of timely pre-travel tests. In addition, in the last few weeks the company has seen a dampening of the booking activity for the second half of 2022 relative to 2019. Despite the disruption caused by omicron to the airlines and other forms of travel, the company expects to be able to successfully operate over 96% of it previously disclosed available lower berth days in the first quarter of 2022.
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UONE | Hot Stocks13:03 EST Urban One trading halted, volatility trading pause
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CMS | Hot Stocks13:01 EST CMS Energy board raises quarterly dividend to 46c per share - The Board of Directors of CMS Energy increased the quarterly dividend on the company's common stock to 46c per share, up from 43.5c per share. The first quarter dividend for the common stock is payable Feb. 28, 2022, to shareholders of record Feb. 11, 2022.
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LUV | Hot Stocks12:48 EST Southwest sees 2022 capacity down roughly 4% vs 2019 - Previous view flat vs 2019. Says reevaluating capacity plans following omicron variant. Says raising starting wage rates to $15 an hour form $17 hour, estimated to have roughly $20M impact this year. Says has contemplated labor inflation into guidance as much as possible.
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LUV | Hot Stocks12:40 EST Southwest sees 2023 CASM ex-items down compared to 2022 - Says "really excited" about opportunities for network growth. Sees opportunities to beat historic productivity levels beyond 2023.
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LUV | Hot Stocks12:39 EST Southwest says staffing has stabilized over last few weeks - Says 2022 had a "challenging start," but goals for the year haven't changed. Says employee omicron cases nearly double that of delta variant. Says over last few weeks staffing has stabilized. Says further moderating 1H22 capacity plans. Says encouraged by recent improvement in bookings. Says "hopeful" business travel will resume 2021 trend.
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LUV | Hot Stocks12:35 EST Southwest sees making 'great progress' in 2022 - Says earnings better than thought at Investor Day last month. Says 2021 was a "tough, but much improved" year. Says looking forward to "strong" rebound in March. Sees making "great progress" in 2022. Comments taken from Q4 earnings conference call.
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NOTV | Hot Stocks12:02 EST Inotiv acquires Orient BioResource Center for $51.3M - Inotiv announced that the company has completed the purchase of Orient BioResource Center from Orient Bio. Orient BioResource Center is a primate quarantine and holding facility located near Alice, Texas. Transaction consideration totaled $51.3M, consisting of $28.3M in cash, which includes an adjustment for net working capital and cash balances as provided in the merger agreement, and 677,339 Inotiv common shares having a value of $23M based on the volume weighted average closing price of Company shares as reported by NASDAQ for the twenty trading-day period ending on January 24, 2022. OBRC's Alice, Texas, operations span 500 acres and consist of primate holding, veterinary care, diagnostic and maintenance facilities, and earned revenue of $23M in fiscal year 2021.
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CCAC | Hot Stocks12:01 EST CITIC Capital Acquisition falls -14.4% - CITIC Capital Acquisition is down -14.4%, or -$1.43 to $8.48.
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IVAN | Hot Stocks12:01 EST Ivanhoe Capital Acquisition Corp. falls -16.6% - Ivanhoe Capital Acquisition Corp. is down -16.6%, or -$1.66 to $8.32.
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LC | Hot Stocks12:01 EST LendingClub falls -26.7% - LendingClub is down -26.7%, or -$6.00 to $16.50.
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FLNG | Hot Stocks12:01 EST Flex LNG rises 11.4% - Flex LNG is up 11.4%, or $2.19 to $21.37.
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NOW | Hot Stocks12:01 EST ServiceNow rises 11.5% - ServiceNow is up 11.5%, or $55.89 to $540.31.
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RUSL | Hot Stocks12:00 EST Direxion Daily Russia Bull 3X Shares rises 13.4% - Direxion Daily Russia Bull 3X Shares is up 13.4%, or $2.42 to $20.46.
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ALXO | Hot Stocks11:57 EST ALX Oncology treatment for gastric cancer granted orphan designation - ALX Oncology was granted orphan designation for a treatment for gastric cancer and gastro-esophageal junction cancer, according to a post to the FDA website. Reference Link
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LVMUY | Hot Stocks11:56 EST LVMH CEO calls 2021 performance 'remarkable' - Bernard Arnault, Chairman and CEO of LVMH, said: "LVMH enjoyed a remarkable performance in 2021 against the backdrop of a gradual recovery from the health crisis. The Group's record results could not have been achieved without the efficiency and exceptional ability of our teams to adapt and notably to remain connected to our customers, continuing to inspire dreams, despite the crisis. 2021 was also a year in which LVMH was deeply moved by the tragic passing of Virgil Abloh, whose creative genius I would like to applaud. His immense visionary talent and his great wisdom will forever be embedded within the history of our Group. Our objective to strive for solid financial performance and our relentless quest for excellence remind us of our daily commitment to act in such a way as to make the world a better place. The Group and its Maisons carried out numerous actions in 2021 to promote biodiversity, protect nature and to preserve skills and craftsmanship, and will continue to do so in the years to come. Despite the uncertainties that remain at the start of this new year, which continues to be disrupted by health concerns, we approach 2022 with confidence and are convinced that LVMH is in an excellent position to further strengthen its lead in the global luxury market."
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TRMK | Hot Stocks11:31 EST Trustmark, Agility Bank enter strategic collaboration agreement - Trustmark National Bank and Agility Bank are pleased to announce that the companies have entered a strategic collaboration agreement to highlight the strengths and deepen the community commitment of both banks as part of the Project REACh Initiative with the Office of the Comptroller of the Currency. The Project REACh Initiative, standing for Roundtable for Economic Access and Change, encourages meaningful partnerships to assist minority-owned banks to be important financial resources in their communities and a vibrant part of the economic landscape. Agility Bank will be the first primarily women-owned and led Minority Depository Institution organized for this purpose in the U.S.
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GNPX | Hot Stocks11:25 EST Genprex reports 'positive' preclinical data on use of ONCOPREX in colon cancer - Genprex announced that its collaborators published "positive" preclinical data for the use of Genprex's ONCOPREX Nanoparticle Delivery System for delivery of a FAS DNA plasmid to treat metastatic colorectal cancer. "Published in the journal Cancers, the preclinical study found that tumor selective ONCOPREX nanoparticles carrying FAS DNA plasmids suppress human colon tumor growth in vivo in mouse models, indicating that this may be an effective therapy for human colorectal cancer," the company stated. "These positive preclinical data validate that the ONCOPREX Nanoparticle Delivery System can be used to deliver tumor suppressor genes other than TUSC2, which we are using in lung cancer studies with REQORSA, to address multiple types of cancer. The data also provide early support for FAS as a tumor suppressor gene in colorectal cancer. With this compelling data, Genprex is positioned to expand its oncology programs in the future and to further explore use of its delivery system for other therapeutic genes, alone or in combination with other approved cancer therapies, to provide new therapeutic approaches for patients with serious medical conditions and unmet medical needs. We will continue to evaluate FAS using our ONCOPREX delivery platform as a potential pipeline addition within our oncology program," added Mark Berger, MD, Chief Medical Officer at Genprex.
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ASTR... | Hot Stocks11:01 EST Rocket Lab, SpaceX among companies selected for NASA VADR contract - NASA has selected 12 companies to provide launch services for the agency's Venture-Class Acquisition of Dedicated and Rideshare, or VADR, missions, providing new opportunities for science and technology payloads and fostering a growing U.S. commercial launch market. Award selections are: ABL Space Systems, Astra Space (ASTR), Blue Origin Florida, L2 Solutions, Northrop Grumman Systems Corporation (NOC), Phantom Space Corporation, Relativity Space, Rocket Lab USA (RKLB), Spaceflight, SpaceX, United Launch Services, and Virgin Orbit (VORB). The fixed-price indefinite-delivery/indefinite-quantity contracts have a five-year ordering period with a maximum total value of $300 million across all contracts. The acquisition also includes a special on-ramp provision to enable additional providers and incumbents to submit proposals introducing launch services for new capabilities not available or identified at the time of the initial contract award. The VADR contract will provide a broad range of Federal Aviation Administration-licensed commercial launch services capable of delivering payloads ranging from CubeSats to Class D missions to a variety of orbits. These small satellites and Class D payloads tolerate relatively high risk and serve as an ideal platform for technical and architecture innovation, contributing to NASA's science research and technology development. The VADR acquisition builds on previous procurement efforts such as the Venture Class Launch Services and VCLS Demo 2 contracts, which are fostering development of new, small launch vehicles for NASA payloads.Reference Link
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VORB | Hot Stocks10:54 EST Virgin Orbit trading resumes
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BYD PDYPY | Hot Stocks10:47 EST Boyd, FanDuel announce launch of mobile and retail sports betting in Louisiana - FanDuel Group, a subsidiary of Flutter Entertainment plc (PDYPY), and Boyd Gaming (BYD) announced the launch of FanDuel Sportsbook in the state of Louisiana. Following the recent opening of five retail FanDuel Sportsbook locations at Boyd Gaming properties across the state, sports fans in Louisiana will be able to place bets on the FanDuel Sportsbook app in 55 of the state's 64 parishes starting Friday, January 28 at 8 AM CT, the companies announced.
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VORB | Hot Stocks10:45 EST NASA selects Virgin Orbit to provide future launch services - Virgin Orbit announced its selection by NASA's Launch Services Program to provide launch services for the agency's Venture-Class Acquisition of Dedicated Rideshare missions. The fixed-price indefinite-delivery/indefinite-quantity contract will leverage commercial satellite launch practices, and together with the flexibility afforded by Virgin Orbit's LauncherOne system enables more efficient launch timelines, mission-tailored orbits, and competitive costs. The contract has a five-year ordering period with a maximum total value of $300M and will be managed by the Launch Services Program at the agency's Kennedy Space Center in Florida.
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VORB | Hot Stocks10:44 EST Virgin Orbit trading halted, volatility trading pause
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AROW | Hot Stocks10:30 EST Arrow Financial board increases quarterly dividend to 27c per share - The Board of Directors of Arrow Financial Corporation on January 26, 2022, declared a quarterly cash dividend of 27c per share payable March 15, 2022, to shareholders of record on March 1, 2022. This represents a 1c increase over the December 2021 cash dividend paid to shareholders and is a 3.8% increase over the cash dividend paid in the fourth quarter of 2021, as a result of the 3% stock dividend distributed on September 24, 2021.
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JBLU | Hot Stocks10:28 EST JetBlue CEO: Challenges around climate 'very real'
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TGTX | Hot Stocks10:26 EST TG Therapeutics trading resumes
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TGTX | Hot Stocks10:23 EST TG Therapeutics halted for volatility after dropping 17% to $11.55 - The shares gave up earlier gains and started moving lower after TG disclosed in a regulatory filing that the FDA placed a clinical hold on select studies of U2.
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TGTX | Hot Stocks10:21 EST TG Therapeutics trading halted, volatility trading pause
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JBLU | Hot Stocks10:19 EST JetBlue in early innings of loyalty 'evolution,' says COO
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JBLU | Hot Stocks10:19 EST JetBlue sees business travel accelerating in Q2 and beyond, says COO
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JBLU | Hot Stocks10:18 EST JetBlue sees business travel accelerating in Q2 and beyond, says CFO
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JBLU | Hot Stocks10:17 EST JetBlue in early innings of loyalty 'evolution,' says CFO
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TGTX | Hot Stocks10:16 EST TG Therapeutics moves lower after disclosing clinical hold by FDA - The shares are now trading down 3% to $13.47.
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SEAH SGHC | Hot Stocks10:16 EST Sports Entertainment Acquisition, Super Group announce closing of combination - SGHC Limited, or "Super Group," the parent company of Betway, an online sports betting and gaming business, and Spin, the multi-brand online casino, and Sports Entertainment Acquisition Corporation (SEAH), a publicly traded special purpose acquisition company, announced the closing of their business combination. SEAH has merged with and into Super Group, with Super Group as the surviving corporation. Beginning on January 28, Super Group's ordinary shares and public warrants are expected to begin trading on the New York Stock Exchange under the ticker symbol "SGHC" and "SGHC WS", respectively. "Today marks a major milestone for our company, our employees and our shareholders. Now as a public company, we plan to continue to strengthen our brand among the worldwide online betting and gaming community by growing our customer base, expanding into new markets and developing strategic partnerships with major sports franchises," said Neal Menashe, CEO of Super Group.
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JBLU | Hot Stocks10:14 EST JetBlue expects to be profitable in Q2
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TGTX | Hot Stocks10:13 EST TG Therapeutics discloses clinical hold on select studies of U2 - TG Therapeutics disclosed that during a webcast fireside chat with B. Riley, its CEO Michael Weiss shared a data and regulatory update. Weiss noted that the company was nearing completion of a submission to the Food and Drug Administration of updated overall survival analyses from the UNITY-CLL Phase 3 study evaluating the investigational U2 combination compared to the control arm of obinutuzumab plus chlorambucil and that the FDA imposed a partial clinical hold on select studies of U2 and its components for chronic lymphocytic leukemia and non-Hodgkin's lymphoma. With regard to the data update, Weiss noted that the updated overall survival results from the UNITY-CLL study, showed an improvement from the preliminary data originally shared with the FDA, and previously disclosed on November 30, 2021, which was at that time an OS hazard ratio of 1.23 and when censoring for COVID-19 related deaths a hazard ratio of 1.04. An OS hazard ratio above 1.00 implies potential risk that the investigational therapy is causing harm and below 1.00 implies the possibility the drug is improving survival, TG explained. With regard to the partial clinical hold, Weiss noted that no new patients may be enrolled to the select CLL/NHL studies identified by FDA, however patients on these studies who are deriving clinical benefit can continue on therapy once they have been reconsented. Weiss also noted that the partial clinical hold was not based on any new information provided by the company to the FDA but appears to be based on the same data and concerns that gave rise to the previously announced Oncologic Drug Advisory Committee meeting, which is set to take place in the March/April 2022 timeframe. Most studies included in the partial clinical hold were previously closed to new enrollment or were on company administrative hold to new enrollment.
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JBLU | Hot Stocks10:10 EST JetBlue doesn't expect to be pretax profitable in Q1
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JBLU | Hot Stocks10:09 EST JetBlue sees sequential m/m improvement throughout the quarter
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RSI | Hot Stocks10:07 EST Rush Street Interactive's BetRivers SportsBook launching in Louisiana - Rush Street Interactive announced that its BetRivers Sportsbook is launching in Louisiana this Friday, January 28, 2022. Sports fans aged 21 and over in permitted parishes can pre-register now from their computers or mobile devices at BetRivers.com and place bets tomorrow after 8:00am CT.
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JBLU | Hot Stocks10:07 EST JetBlue expects March to be 'much stronger' than January and February
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JBLU | Hot Stocks10:06 EST JetBlue CEO confident worst of omicron surge is 'behind us' - Comments taken from Q4 earnings conference call.
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CHRRF | Hot Stocks10:06 EST Chorus Aviation issues statement in response to press speculation - The company said, "Chorus Aviation has been made aware of press speculation regarding Chorus' involvement in a process for the potential acquisition of a European-based aircraft lessor. While Chorus routinely explores acquisition opportunities, there can be no assurance that a transaction will result from any such opportunities. Chorus does not intend to make any further comment on any such speculation."
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XLNX AMD | Hot Stocks10:05 EST Xilinx continues to believe AMD transaction will close in Q1 - Xilinx (XLNX) said on Wednesday that as announced on October 27, 2020, Advanced Micro Devices, Inc. (AMD) intends to acquire Xilinx in an all-stock transaction. As permitted by the terms of the Merger Agreement between Xilinx and AMD, the Xilinx Board of Directors has declared a cash dividend of 37c per outstanding share of common stock. The dividend is conditioned upon and will only be payable if the merger has not closed on or before the record date for such dividend. Xilinx's stock repurchase program remains suspended. As previously announced, the parties believe that the transaction will close in the first quarter of 2022.
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CWBHF | Hot Stocks10:04 EST Charlotte's Web appoints Jade Proudman as global brand ambassador - Charlotte's Web Holdings has named Jade Proudman, the CEO of Savage Cabbage, one of the oldest and most trusted CBD companies in the UK, as a Global Brand Ambassador for Charlotte's Web. As the founder and CEO of London-based Savage Cabbage, Jade Proudman has become one of the UK's leading CBD advocates, serving an established customer base of over 9,000 wellness seekers in over 44 countries around the world, recently expanding further within Europe.
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VOYA | Hot Stocks10:02 EST Voya Investment Management appoints Dina Santoro as COO - Voya Investment Management announced several leadership promotions and appointments to support Voya IM's growth plans. Dina Santoro has been appointed to the new role of COO for the business, reporting to Christine Hurtsellers, chief executive officer, Voya IM. Santoro has been with the firm since 2017, previously serving as senior managing director and head of product and marketing. As COO, she now has oversight for marketing, product, data and analytics, client service, operations and technology for Voya IM. Santoro also continues to serve as president of the Voya Funds and will continue to serve on Voya IM's Executive Leadership Team. In addition, Jake Tuzza has been promoted to head of Distribution. Tuzza also reports to Hurtsellers and has joined the Voya IM ELT. In his new role, Tuzza oversees all aspects of Voya IM's Distribution efforts, including those tied to the firm's Institutional, Insurance, Intermediary, and International clients. Tuzza has been with Voya IM since 2001 and has been leading Intermediary Distribution since 2015. Voya IM's Intermediary Distribution team will be led by Paul Bernardi, Troy Chakarun and Hugh Ferry - with each reporting to Tuzza. Also, Conor Sullivan has been named head of U.S. Institutional Distribution, reporting to Tuzza. Sullivan has been with Voya IM since 2011 and most recently led the institutional sales and consultant relations efforts in the firm's central region. Tuzza's other direct reports will be Tom Frost, who leads Voya IM's International Distribution, as well as Michael Alvarez, who was recently picked to lead the firm's Insurance Solutions business.
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SVFD | Hot Stocks10:01 EST Save Foods extends range of applications after berries trial - Save Foods is extending the range of applications of its eco crop protection treatment after successfully applying it to fresh berries in a recent trial. The results showed a significant reduction in produce waste while maintaining freshness over time. While both healthy and popular with consumers, fresh berries present a major problem for growers, packers and retailers; they have a propensity for rapid bacterial growth, which leads to decay and waste. This translates to a very short shelf life, for example around five days for raspberries, resulting in excessive waste at the retail and consumer levels. As consumer demand and industry supply grows, the search for a solution to reduce waste in the fresh berry industry has intensified. Conventional methods for reducing waste and maintaining freshness include refrigeration, special packaging and limiting supply to local markets. Maximizing the already substantial value in the berry industry relies in part on introducing new and unique methods. In 2020, the global berry and grape market was worth around US $826 billion and is expected to grow from 2022 to 2027 at a CAGR of 6.8% to approximately US $1,205 billion by 2026. In the trial performed at Trabelsi farm, raspberries treated with Save Foods' product retained their freshness, color, and volume, compared to the industry standard which became discolored and dehydrated in appearance. The trial exceeded the typical shelf life for berries, with ten days of cold storage and three more days at room temperature. As a result, Trabelsi farm had three times as many berries to sell, and fresher looking, longer lasting produce.
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UFI | Hot Stocks10:00 EST Unifi falls -8.2% - Unifi is down -8.2%, or -$1.85 to $20.60.
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WTS | Hot Stocks10:00 EST Watts Water falls -9.6% - Watts Water is down -9.6%, or -$16.35 to $153.65.
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LC | Hot Stocks10:00 EST LendingClub falls -23.1% - LendingClub is down -23.1%, or -$5.20 to $17.30.
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CURV | Hot Stocks10:00 EST Torrid rises 13.2% - Torrid is up 13.2%, or $1.10 to $9.41.
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NOW | Hot Stocks10:00 EST ServiceNow rises 13.6% - ServiceNow is up 13.6%, or $65.89 to $550.31.
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LEVI | Hot Stocks10:00 EST Levi Strauss rises 14.4% - Levi Strauss is up 14.4%, or $2.93 to $23.25.
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EXROF | Hot Stocks09:59 EST ePropelled provides complaint details in response to Exro Technologies claims - ePropelled announced further details to the patent infringement lawsuit the company filed against Exro Technologies on January 21, 2022. In response to the press release issued by Exro Technologies Inc. on January 25, 2022, in which Exro Technologies Inc. called ePropelled's patent litigation, "meritless," ePropelled provides this link to the Complaint. Before filing suit, ePropelled notified Exro Technologies Inc. that ePropelled's Dynamic Torque Switching technology, which allows electric vehicle motors to switch between parallel and in series configurations while operating, was patented by U.S. Patent No. 7,382,103, and that Exro Technologies Inc.'s Coil Drive System fell within the scope of the patent. Exro Technologies Inc. did not respond with information sufficient to resolve the dispute, prompting ePropelled to file suit.
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LEXX | Hot Stocks09:58 EST Lexaria Bioscience CEO says on track to deliver great results in 2022 - Lexaria reports an annual letter from CEO Chris Bunka, which read in part, "Management of Lexaria feels we are on track, on schedule, and on budget to deliver what we hope and expect will be great results in 2022. If we generate sufficient positive data in ANY of our three major studies this year, we feel that positivity could be sufficient to enable our "graduation" to either the next logical regulatory step, or to a commercial relationship with one or more major industry partners. We will continue working to advance our shorter-term business interests and meaningfully increase the modest revenue streams currently being generated. But we caution against applying undue reliance on those operations at this early stage in the Company's life. If we do not deliver higher revenue numbers, that is not particularly relevant to our primary business focus. If we do deliver higher revenue numbers, let's celebrate! Before 2022 ends, we expect to have at least one major regulatory advancement such as an IND program approval, or one major new industry partner. We believe either of those will support what could be significantly higher valuations. If we are able to achieve more than one of these advancements.....so much the better. Hundreds of you know me. You know I can't tell the future or forecast things outside of my control. But you also know that I and the Lexaria team are dedicated, and we believe in the Company and in the potential we have to make the world a better place. Your support has been so helpful in assisting us to achieve our mutually beneficial goals. We continue down this path, together."
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SDXAY | Hot Stocks09:55 EST Sodexo Live! renews long-term agreement with Raleigh Convention Complex - Sodexo Live! announced a multi-year renewal of its partnership with the Raleigh Convention & Performing Arts Complex. Sodexo Live! provides catering services to the Raleigh Convention Center and other venues that make up the Complex - Red Hat Amphitheater, Coastal Credit Union Music Park and Duke Energy Center for the Performing Arts - which together welcome nearly a million visitors each year.
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ATOS | Hot Stocks09:54 EST Atossa Therapeutics says well positioned to execute on programs in 2022 - Atossa Therapeutics issued the following letter from President and CEO Dr. Steven Quay to Atossa stockholders: "The last two years have changed the face of public health and uncovered the urgency to develop products not only to prevent widely spread infectious diseases, but to treat them with the same level of focus and dedication applied to prevention. Despite the launch of highly efficacious vaccines during 2021, the toll that COVID-19 was taking on public health was not reduced. The rise of the Omicron variant toward the end of the year, and emerging long-term impact of long COVID, remain an important public health priority, and one that Atossa is dedicated to addressing. A key feature of the original SARS-CoV-2 virus, and that is retained in both the Delta and Omicron variants, is the furin cleavage site found on the Spike protein which facilitates viral infection. Our COVID-19 programs under development are designed to interact with this cleavage site so they are expected to be effective against both current and future COVID-19 variants that continue to contain a furin cleavage site. In the meantime, we are also very excited about the ongoing development of our breast health programs with our proprietary drug Endoxifen, with one Phase 2 study underway and another expected to commence in the next quarter. We raised over $110 million in capital in 2021 and we are well positioned to execute on our programs in 2022. For all of our programs, our longer-term development strategy is to complete clinical studies as rapidly as possible and then to partner with leading research institutions or pharmaceutical companies for later-stage development and commercialization. We are also actively evaluating potential acquisition/in-licensing opportunities of new programs to further drive stockholder value...Moving forward in 2022, we will continue to pursue our mission with vigor and dedication and we have set the following goals and milestones: Endoxifen to Treat Breast Cancer in the Neoadjuvant Setting. Our current plan is to continue developing our proprietary Endoxifen for the treatment of pre-menopausal women with ER+/HER2- breast cancer in the neoadjuvant setting. Atossa plans to apply to the FDA for an IND to conduct a Phase 2 study in the U.S. to compare Endoxifen to standard of care. Atossa also plans to conduct a pharmacokinetic run-in study as a part of the Phase 2 study to further define potential dose levels. We plan to retain a leading U.S. research institution and CRO to work with us on the study. We look forward to opening an IND in the second quarter of 2022. We will then promptly commence a Phase 2 study in this neoadjuvant setting. Endoxifen for Women with Increased Mammographic Breast Density. We will continue to enroll participants in our Endoxifen Phase 2 clinical study in Stockholm. COVID-19 Therapies. We plan to complete enrollment in the second part of our ongoing AT-H201 Phase 1/2a clinical study by the end of the second quarter 2022. In 2022, we plan to continue the additional pre-clinical testing we are conducting on our nasal spray AT-301 and then to further characterize the API in AT-301 starting in the third quarter 2022."
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NTZ | Hot Stocks09:52 EST Natuzzi trading resumes
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EW | Hot Stocks09:47 EST Edwards Lifesciences falls -8.3% - Edwards Lifesciences is down -8.3%, or -$9.01 to $99.62.
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ZYME | Hot Stocks09:47 EST Zymeworks falls -11.8% - Zymeworks is down -11.8%, or -$1.10 to $8.22.
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LC | Hot Stocks09:47 EST LendingClub falls -23.4% - LendingClub is down -23.4%, or -$5.27 to $17.23.
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NOW | Hot Stocks09:47 EST ServiceNow rises 12.6% - ServiceNow is up 12.6%, or $60.97 to $545.39.
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CURV | Hot Stocks09:47 EST Torrid rises 12.8% - Torrid is up 12.8%, or $1.06 to $9.37.
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RUSL | Hot Stocks09:47 EST Direxion Daily Russia Bull 3X Shares rises 13.4% - Direxion Daily Russia Bull 3X Shares is up 13.4%, or $2.41 to $20.45.
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NTZ | Hot Stocks09:43 EST Natuzzi trading halted, volatility trading pause
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LYTS | Hot Stocks09:35 EST LSI Industries trading resumes
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BYD... | Hot Stocks09:33 EST Nevada reports December statewide gaming win up 68.2% to $1.15B - Nevada reports December Las Vegas Strip gaming win up 122.86% compared to 2020 to $650.78M. Publicly traded companies in the casino and gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (PDYPY), Gan Limited (GAN), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN), William Hill (WIMHY) and Wynn Resorts (WYNN).
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LYTS | Hot Stocks09:30 EST LSI Industries trading halted, volatility trading pause
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MA | Hot Stocks09:30 EST MasterCard sees FY22 revenue at high end of high-teens rate, consensus $22.55B - Sees FY22 operating expense at low end of low double-digit rate.
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MA | Hot Stocks09:28 EST MasterCard sees Q1 operating expense at high end of high single digit rate - Says expects cross border travel to recover to 2019 levels by the end of 2022. Comments and guidance taken from Q4 earnings conference call.
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NOC | Hot Stocks09:27 EST Northrop Grumman says portfolio 'strongly aligned' with threat environment - Says making "substantial progress" in ESG journey. Says Space Systems expected to be fastest growing segment in FY22. Says backlog currently over $76B. Expects Q1 sales less than 25% of FY. Sees FY22 free cash flow $2.5B-$2.8B. Sees FY22 CapEx "roughly consistent" with FY21. Sees FY22 tax rate 17%. Expects to return at least $1.5B to shareholders in FY22 via share repurchases. Comments taken from Q4 earnings conference call.
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CSSE PUBGY | Hot Stocks09:21 EST Crackle Plus, Publicis to launch new series 'Inside the Black Box' - Chicken Soup for the Soul Entertainment (CSSE) announced that Crackle Plus has entered into a multi-year agreement with APX Content Ventures and Publicis Media. "Inside The Black Box" is set to be the first of many co-produced programs under this agreement and will premiere exclusively on the Crackle streaming service in February. Publicis Media is a division of Publicis Groupe (PUBGY). "Inside the Black Box" is sponsored by The General Insurance, and gives the brand unique placement across various layers of the programming - both in and out of the show.
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ETWO | Hot Stocks09:20 EST E2open, PayCargo team to expedite freight payment process, to ease bottlenecks - E2open Parent Holdings announced a strategic partnership with PayCargo, a logistics payment solution, to simplify and speed up the freight payment process for carriers, fowarders, and shippers that move the world's goods. "The E2open platform will embed payment processes to facilitate faster release of cargo at ports via PayCargo's secure, cost-efficient solution thereby eliminating the traditional, resource-intensive system of requesting, printing, mailing, and delivering checks, wire transfers or cash. This combined capability will allow shippers, forwarders and carriers a seamless process for booking, confirming, tracking, settling, and releasing cargo, facilitating more efficient and seamless movement of goods from origin to destination," noted the company. "Our partnership with PayCargo not only improves our clients' experience, it also continues to make E2open the leading end-to-end supply chain platform and network provider to now include payment and settlement capabilities across modes. We are committed to growing our strategic partner ecosystem with high-value technology solutions that improve our clients' ability to do business," said Michael Farlekas, chief executive officer of E2open. "With PayCargo, we extend our payment and settlement capabilities to additional modes, and have the opportunity to further streamline more than a quarter of the world's cargo processes. This has a tremendous impact on the efficiency of freight movements and reduction of congestions, which positively impacts environmental sustainability."
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CCL | Hot Stocks09:19 EST Carnival partners with Daon for COVID requirement solution for travelers - Carnival Cruise Line announced a new partnership with Daon, creators of digital health wallet VeriFLY to help travelers and event attendees meet their destination's COVID-19 requirements. Carnival has launched a pilot program for guests boarding the ship, Mardi Gras, at Port Canaveral, Florida. Carnival guests can now upload their proof of vaccination and testing information so that it can be verified in advance of sailing - resulting in a streamlined health screening process, and ultimately a quicker embarkation experience at the terminal. Once the pilot at Port Canaveral is complete, Carnival intends to implement VeriFLY across its fleet.
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NXTP | Hot Stocks09:18 EST NextPlay's Longroot selected by Ample Health to lead security token offering - NextPlay Technologies reported that its licensed Longroot digital token offering platform will serve as the financial advisor and underwriter for Ample Health's proposed security token offering. Longroot will be responsible for structuring the offering and raising the initial capital to fund the STO. It intends to lead Ample through the entire regulatory approval process, and then assist in the pricing and launching the STO through the Longroot portal. "This Ample Health STO represents a tremendous opportunity for us to represent a major client in the fast-growing global cannabis space," commented Todd Bonner, director of Longroot Limited and chairman of NextPlay Technologies. "Once complete, we believe it will represent the first of many successful STOs for Longroot that we are currently advancing in our pipeline."
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PFE | Hot Stocks09:18 EST Pfizer receives CHMP recommendation for Paxlovid CMA - Pfizer announced that the Committee for Medicinal Products for Human Use, or CHMP, of the European Medicines Agency, or EMA, issued an opinion recommending the conditional marketing authorization, or CMA, of Pfizer's Paxlovid for the treatment of COVID-19 in adults who do not require supplemental oxygen and who are at increased risk for progressing to severe COVID-19.
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LVO TSLA | Hot Stocks09:16 EST LiveOne expands PodcastOne content into Tesla vehicles - LiveOne (LVO) announced that several hit podcasts from its subsidiary, PodcastOne, are now available across Tesla (TSLA) cars via LiveOne's LiveXLive streaming platform. Fan-favorite series Carolla Classics with Adam Carolla, The Jordan Harbinger Show, Off The Vine with Kaitlyn Bristowe, LadyGang and many more will now be readily available in the "Podcast" section for Tesla-driving fans on the go, adding even more great content for LiveXLive users on mobile and browser.
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STXS | Hot Stocks09:15 EST Fuwai Central China installs Stereotaxis' Robotic Magnetic Navigation tech - Stereotaxis announces that Fuwai Central China Cardiovascular Hospital has become the first in central China to establish a robotic electrophysiology program with installation of Stereotaxis' Robotic Magnetic Navigation technology. Chief physicians for arrhythmia treatment, Dr. Chen Ke and Dr. Song Weifeng, successfully performed their first robotic cardiac ablation procedure, treating a patient who suffered from a complex ventricular arrhythmia.
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AVPT | Hot Stocks09:15 EST AvePoint expands FedRAMP authorization to include additional cloud solutions - AvePoint announced the expansion of its FedRAMP authorization, an indication that its security controls have been rigorously evaluated and its SaaS solutions verified for use within all federal agencies. The addition of new FedRAMP authorized products, as well as its corporate status as an ISO and SOC 2 Type II certified vendor, "signal the AvePoint commitment to upholding the highest security standards for its customers, including public sector and federal organizations," the company said. "As organizations expand digital operations to multiple SaaS platforms, they need the confidence that the accumulated data is carefully managed, and only used for its intended purposes," said John Peluso, Chief Product Officer, AvePoint. "That's why, since our initial FedRAMP authorization last year, we invested in the authorization of solutions that go beyond our Microsoft 365 offerings. Our goal is to enable as many public sector and federal organizations to collaborate with confidence across all the platforms they use, knowing they have the highest security standards behind them."
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NWVCF | Hot Stocks09:13 EST EnWave signs equipment purchase agreement with Fresh Business - EnWave announced that it has received a purchase order for a 10kW Radiant Energy Vacuum machine from Consulting Fresh Business to accelerate the development of commercial food, nutraceutical, and cosmetic products in Spain using EnWave's technology. EnWave previously signed a Research and Development License Agreement with Fresh Business on January 13, 2021. Fresh Business has assigned the R&D License to a newly formed subsidiary, NEOREV INNOVATION, and completed the purchase of the REV Equipment to accelerate research and development on new products in collaboration with industry partners in Spain.
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BAFN | Hot Stocks09:13 EST BayFirst Financial increases quarterly cash dividend 14% to 8c per share - BayFirst Financial announced its Board of Directors increased its quarterly cash dividend by 14% to $0.08 per common share. The dividend will be payable March 15, 2022 to common shareholders of record as of March 1, 2022. This dividend marks the 23rd consecutive quarterly cash dividend paid since BayFirst initiated cash dividends in 2016, and represents a 240% increase over the 23-quarter period.
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MRNA | Hot Stocks09:12 EST Moderna, Iavi administer first doses in experimental HIV vaccine trial - Iavi, the nonprofit scientific research organization, and biotechnology company Moderna announced that first doses have been administered in a clinical trial of experimental HIV vaccine antigens at George Washington University School of Medicine and Health Sciences in Washington, D.C. The Phase 1 trial, IAVI G002, is designed to test the hypothesis that sequential administration of priming and boosting HIV immunogens delivered by messenger RNA can induce specific classes of B-cell responses and guide their early maturation toward broadly neutralizing antibody development. The induction of bnAbs is widely considered to be a goal of HIV vaccination, and this is the first step in that process. The immunogens being tested in IAVI G002 were developed by scientific teams at IAVI and Scripps Research and will be delivered via Moderna's mRNA technology.
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GIS | Hot Stocks09:11 EST General Mills announces Richard Allendorf will retire as general counsel - General Mills announced that Richard Allendorf will retire as senior vice president, general counsel and secretary of General Mills, effective August 2022. Allendorf joined General Mills in 1998. "Richard's leadership throughout his tenure has helped position General Mills for success," said Jeff Harmening, Chairman and CEO of General Mills. "He has provided thoughtful, strategic and practical counsel that has better positioned our company for growth. He has served as a trusted voice on our leadership team, been a valued liaison to our board of directors, and helped support our culture of inclusion. I'm grateful for his contributions to General Mills during his 23 years and wish him well in his retirement."
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NOK AMD | Hot Stocks09:10 EST Nokia Core Networks business selects AMD EYPC processors - Nokia announced that its Core Networks business is using 3rd Gen AMD EPYC processors to power the servers that deliver Nokia Core cloud-native software products, expanding the server-chip choices available to Nokia communication service provider customers in order to drive new levels of performance and energy efficiency improvements of 5G networks. The announcement represents an extension of Nokia's broader efforts to accelerate digitalization to help the ICT industry reduce its environmental footprint and to support other industries becoming more resource efficient. Nokia is targeting up to a 40% reduction in server power consumption to run Core workloads using AMD EPYC processors. Nokia CSP customers can purchase the AMD EPYC powered servers through Nokia or direct from other suppliers when they become commercially available during the first half of 2022. Existing servers using other chips that deliver Nokia Core software will continue to be available.
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HAFC | Hot Stocks09:08 EST Hanmi Financial raises cash divend 10% to 22c per share - Hanmi Financial announced that its Board of Directors declared a cash dividend on its common stock for the 2022 first quarter of $0.22 per share, up 10% from $0.20 per share in the prior quarter. The dividend will be paid on February 24, 2022, to stockholders of record as of the close of business on February 7, 2022.
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TRVN | Hot Stocks09:07 EST Trevena announces submission of OLINVYK NDA in China - Trevena announced that China's National Medical Products Administration has accepted submission of a New Drug Application for oliceridine injection. The NDA was submitted by Trevena's partner, Jiangsu Nhwa Pharmaceutical, and follows completion by Nhwa of a Phase 3 bridging trial for OLINVYK injection, a novel IV analgesic that has been approved in the United States by the Food and Drug Administration for use in adults for the management of acute pain severe enough to require an intravenous opioid analgesic and for whom alternative treatments are inadequate.
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CFLT AMZN | Hot Stocks09:07 EST Confluent announces collaboration Amazon Web Services - Confluent (CFLT) announced a strategic collaboration agreement with Amazon Web Services (AMZN). Under this five-year agreement, Confluent and AWS have committed to joint go-to-market initiatives to help organizations accelerate their cloud adoption journey with real-time data.
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TURN | Hot Stocks09:06 EST 180 Degree Capital CEO says NAV increased in Q4 - "Given the 25% decline in The Russell Microcap Index from its high less than three months ago and the overall sell-off in the markets broadly, I feel compelled to offer our shareholders some perspective of how 180 has been faring, and to provide additional transparency on certain developments within our portfolio," said Kevin Rendino, Chief Executive Officer of 180. "It is important to acknowledge that we have yet to finalize our year-end financial statements and we will have complete data when we report our year-end results in about a month. While it is not common for us to provide insight into our performance outside of our normal reporting cycle, we did so once when the pandemic started in 2020, and we will do it again with the following thoughts. First and foremost, we currently expect to report that our net asset value per share increased in Q4 2021 from our Q3 2021 NAV of $10.37 despite a decline in the Russell Microcap Index. This was due to the persistent out-performance from our public market investment strategy. As such, we currently expect that our cash plus securities of public and related companies, including carried interest from our separately managed account and net of year-end bonuses increased in Q4 2021 from the prior quarter. These results include approximately $2 million in carried interest generated from our performance in our SMA. We expect that our year-end Public Focused Assets before bonuses set a new record in the history of 180 by eclipsing the $78.7 million reported at the end of Q2 2021. If you add the potential Petra milestone payment of $0.66 per share to our end-of-year Public Focused Assets, our pro forma Public Focused Assets would be over $8.00. Of course, this amount does not take into consideration any future potential milestone payments tied to our Petra investment, which we presently believe have the potential to generate material cash flows from the achievement of milestones in future periods, nor our securities of AgBiome, D-Wave Systems, TARA, and our remaining legacy private holdings. Year to date, the Russell Microcap Index has sold off 12% as of the close of the market on January 26, 2022," continued Mr. Wolfe. "Against that backdrop, 180's gross total return on its Public Focused Assets has started off the year down 8% over the same period. Over the course of our history, we have been fortunate to outperform in up markets and outperform in down markets. As always, we will be both aggressive and circumspect, depending on the opportunities that arise and the backdrop of the market. The markets are fluid and will change, but we believe this weakness is creating exciting opportunities for investment in 2022. We are not surprised with the early sell off in January given the strength of 2021 and the concerns for Fed tightening. We are excited to share the Petra news, and if and when we receive the first milestone payment, we believe that will go a long way towards remaking our balance sheet and closing the gap between our share price and NAV. We are also pleased we grew our NAV in Q4 2021 amidst declining markets. We will have our 2021 audited results to share with you in late-February 2022, but we wanted to share some insight that we believe shows the success in remaking our balance sheet and the strength of our investment process against the backdrop of the volatile public markets."
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SBGI MGM | Hot Stocks09:06 EST Bally Sports, BetMGM to launch sports betting program - Bally Sports, a division of Sinclair Broadcast Group (SBGI), announced a partnership with BetMGM (MGM), to launch its networks' first sports betting program, Live on the Line, Powered by BetMGM. Airing weekdays at 12:00 PM ET across Bally Sports' 19 regional sports network brands, the Bally Sports app and Stadium, Live on the Line, Powered by BetMGM delivers up-to-date information for the betting audience, while also offering content for casual fans. Stadium, Sinclair's 24/7 multi-platform sports network, is producing the hour-long show in coordination with Bally Sports out of its Chicago-based studio. Custom BetMGM graphics, set integrations and interactive elements serve as visual cornerstones of the weekday program.
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GAMB | Hot Stocks09:05 EST Gambling.com approved to provide online sports betting services in Louisiana - Gambling.com has completed the application process and has been granted a waiver by the Louisiana Gaming Control Board to provide marketing services to licensed gaming operators in the state. Online sportsbooks are expected to begin taking legal wagers on Friday, January 28th. Louisiana will become the second U.S. state to launch online sports betting this month, after the New York market went live on January 8th. Online sports betting in Louisiana will be available in 55 of the state's 64 parishes that approved sports betting in November 2020.
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TURN LLY | Hot Stocks09:05 EST 180 Degree Capital provides update on potential $6.8M Petra milestone payment - 180 Degree Capital Corp (TURN) provided an update on the potential timing of a $6.8 million milestone payment from the acquisition of Petra Pharma Corporation by Eli Lilly and Company (LLY). In a presentation to investors in December 2021, Lilly noted that it expected to start human studies of the mutant-selective PI3Kalpha inhibitor developed by Petra in the first half of 2022. Although 180 cannot assure our investors when such an event may occur, if at all, such an event would trigger a contractual payment to former Petra shareholders, including 180. The $6.8 million payment, if received, would increase cash per share by $0.66, or 9% of our closing price on January 26, 2022. Lilly also noted in its Q3 2021 Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission that a subsequent milestone payment could be due in 2023 upon achieving clinical proof of concept from this program. Should that milestone be achieved, 180 would receive an additional approximately $5.5 million. "We are encouraged by the presentation from Lilly that our former holding of Petra could yield a material amount of cash to 180 in the near term," said Daniel Wolfe, President of 180. "While the exact timing of achievement of the milestone Lilly discusses in its presentation remains uncertain, and there is always risk that it might not ultimately be achieved, Lilly's comments make us cautiously optimistic that we will ultimately receive this first milestone payment. Should this payment be received, it would open the door to additional contractual milestone payments of up to $80 million, to the extent Petra's technology achieves these further milestones in the future."
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MOVE | Hot Stocks09:04 EST Movano awarded three new U.S. patents - Movano announced it has been awarded three new U.S. patents, increasing its total number of issued U.S. patents to six. The company also has more than 40 pending U.S. and International applications. The patents and pending patent applications are related to innovations around Movano's non-invasive sensor technology, which combines Radio Frequency and mmWave capabilities onto a single Integrated Circuit that will be integrated into various wearable devices in the future.
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FICO | Hot Stocks09:01 EST Fair Isaac announces new $500M stock repurchase program - FICO announced that its Board of Directors has approved a stock repurchase program to acquire up to $500M of the company's outstanding common stock. This new program was approved following completion of FICO's previous stock repurchase program, which was in effect from November 2021 through January 2022.
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MCD | Hot Stocks08:59 EST McDonald's: U.S. market still facing staffing problems
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MCD | Hot Stocks08:57 EST McDonald's feels 'really bullish' on U.S. momentum
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HONE | Hot Stocks08:56 EST HarborOne Bancorp says James Blake will retire as CEO in May, Casey, to succeed - The Board of Directors of HarborOne Bancorp announced that James Blake will retire as Chief Executive Officer effective May 18. Joseph F. Casey, currently President and Chief Operating Officer, will continue to hold the title of President, and will assume the role of CEO on May 19 Mr. Blake and Mr. Casey will continue to serve on the Boards of both the Company and the Bank.
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MCD | Hot Stocks08:51 EST McDonald's sees net new restaurant growth of about 3.5% this year - Sees "significant" commodity and labor inflation in the near-term.
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REED SFM | Hot Stocks08:51 EST Reed's launches multiple new beverages in Sprouts Farmers Market - Reed's (REED) announced that it will begin distributing 16 new SKUs to Sprouts Farmers Market Inc. (SFM). The Sprouts partnership kicked off in 2021 with the launch of Reed's Ginger Ale and Ginger Beer, both in original and zero sugar options. Following a strong year of sell-through, Sprouts and Reed's are expanding its distribution agreement to include multiple Reed's Zero Sugar Ginger Ale flavors, Virgil's Original and Zero Sugar beverages in 4/6 packs, and its award-winning craft soda, Flying Cauldron. Reed's expects to begin shipping these new products in Q2 2022.
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MCD | Hot Stocks08:50 EST McDonald's sees FY22 interest expense relatively flat vs. FY21 - Sees effective tax rate 20%-22%. Expects currency to negatively impact Q1 EPS by 5c-7c and 18c-20c for FY. Sees FY22 CapEx $2.2B-$2.4B.
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FRBK | Hot Stocks08:50 EST Republic names Greg LiCalzi director of non-profit, government banking in NY - Republic First Bancorp announced the hire of Gregory LiCalzi as Senior Vice President and Director of Nonprofit and Government Banking. In this role, Greg will be responsible for working with the bank's new and existing nonprofit and municipal customers. He will also assist with other aspects of municipal finance and capital markets, a key area of focus for the bank. Most recently, he served as Senior Vice President in the Project Finance Department of Roosevelt & Cross.
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SDC | Hot Stocks08:50 EST SmileDirectClub announces expansion of whitening portfolio - SmileDirectClub announced the expansion of its oral care product offerings with its new Pro Whitening System Plus, featuring a Wireless LED Whitening Light. Putting advanced technology directly in the hands of consumers, the Pro Whitening System Plus is the brand's most complete teeth whitening system available, offering even more convenience and value. This new extension to SmileDirectClub's Pro Whitening System, the Pro Whitening System Plus features two 1-week treatments and a rechargeable, patented Wireless LED Whitening Light. "As we continue to expand our world-class line of bestselling oral care products at SmileDirectClub, we are constantly looking for ways to address our customer's needs," said Amy Keith, General Manager of Global Oral Care at SmileDirectClub. "The new Wireless LED Whitening Light in the Pro Whitening System Plus utilizes advanced technology to bring even more convenience to our customer's teeth whitening routine."
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LNTH | Hot Stocks08:48 EST Lantheus collaborates with the Prostate Cancer Clinical Trial Consortium - Lantheus Holdings announced that its subsidiary, EXINI Diagnostics AB, has entered into a collaboration with the Prostate Cancer Clinical Trials Consortium to advance artificial intelligence-enabled imaging biomarkers in prostate cancer. The PCCTC is a premier multicenter clinical research organization specializing in cutting-edge prostate cancer research recognized for its culture of transparent project co-development between investigators, research sites and industry partners. The group's distinguished investigators work together on a single mission: to design, implement and complete hypothesis-driven trials in prostate cancer, translating scientific discoveries into improved standards of care. Lantheus' prostate cancer AI platform, which includes FDA cleared medical devices for both PSMA PET/CT and bone scintigraphy, will be used in specific clinical studies to assist in measuring imaging response in patients diagnosed with prostate cancer. The intent of the strategic collaboration is to integrate Lantheus' AI platform into early phase PCCTC studies to advance the discovery, development and validation of novel AI-enabled biomarkers. Imaging biomarkers have the potential to play a significant role in both patient selection and response assessment of targeted therapies. Lantheus' AI platform has the potential to reduce the complexity and improve the utility of the rich data generated from the diverse imaging tools used in prostate cancer, including PSMA PET/CT, bone scintigraphy, MRI and CT.
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ZIM | Hot Stocks08:48 EST ZIM Integrated, 2M alliance partners extend operational collaboration pact - ZIM Integrated Shipping Services provided an update on the status of its discussions with its 2M alliance partners in connection with their operational cooperation agreement. ZIM and the 2M alliance partners have agreed, in principle, to extend their existing operational collaboration agreement on the Asia - US East Coast and Asia - US Gulf Coast trades based on a full slot exchange and vessel sharing agreement. The new agreement is expected to be concluded by the beginning of February and become effective on April 1. In addition, ZIM will launch ZIM Med Pacific, an independent pendulum service designed to address its customers' needs on the Asia to Mediterranean and Pacific North-West trades, and the current collaboration with the 2M partners on these trades will be terminated, effective April 1.
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TOWN | Hot Stocks08:48 EST TowneBank announces CEO Davis plans to retire in 2022 - TowneBank announced that J. Morgan Davis, a founding member of the Company and current Chief Executive Officer, plans to retire in 2022. In order to ensure a smooth and orderly transition process, Davis intends to remain in his current position until the appointment of his successor and will help with the transition as necessary, after which he will serve as a senior advisor to the Company. The company also reported that Mr. Aston has re-affirmed his intent to continue to serve as Executive Chairman of the company for the remaining three-year term of his employment agreement.
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MCD BYND | Hot Stocks08:47 EST McDonald's: McPlant available across all restaurants in U.K., Ireland
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MCD | Hot Stocks08:46 EST McDonald's: Top 6 markets saw over 25% of sales from digital channels in 2021 - The company's top six markets saw more than a quarter of their Systemwide sales, or $18B, come from digital channels in 2021, a 60% increase over 2020, CEO Chris Kempczinski said.
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VITL | Hot Stocks08:46 EST Vital Farms appoints Kathryn McKeon as CMO - Vital Farms announced the appointment of Kathryn McKeon to CMO effective January 27, 2022. As CMO, McKeon will oversee the Brand, Content, Community Management, Shopper Marketing, Consumer Insights, Communications and Creative Design marketing functions. McKeon joined Vital Farms in 2016 as one of the first marketing leaders.
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IDAI | Hot Stocks08:46 EST Trust Stamp receives approval for Nasdaq listing - Trust Stamp has received approval from Nasdaq to have its Class A Common stock listed on the Nasdaq Capital Market under the symbol "IDAI" with trading expected to commence on January 31, 2022. Prior to listing on Nasdaq, the Company's shares continue to trade on the OTCQX Best Market under the same ticker symbol. Trust Stamp CEO Gareth Genner comments, "Trust Stamp has raised over $30M in capital, welcomed over 3,500 shareholders, and scaled to over 100 passionate team members in nine countries. We appreciate the tremendous support of our shareholders, customers, and partners, which has enabled us to achieve this incredible milestone of listing on Nasdaq, the pre-eminent capital market for innovative technology companies. We are committed to building significant long-term shareholder-value as we execute on our mission of delivering accessible, privacy-first identity and trust verification solutions that promote global societal and financial inclusion."
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IONM | Hot Stocks08:44 EST Assure Holdings performs approximately 17,400 procedures in 2021 - Assure Holdings announced an annual, quarterly and monthly record for managed cases in the full-year period, the fourth quarter and the month of December 2021. John Farlinger, executive chairman and CEO said, "The Company reported our highest number of managed cases in the full-year period, the fourth quarter and the month of December 2021. In 2021, Assure performed approximately 17,400 managed cases, exceeding our full-year forecast. This total included more than 5,000 managed cases in the fourth quarter of 2021 and over 1,900 in the month of December. Comparatively, in 2020, we performed over 9,900 managed cases during the full year, including more than 3,000 in the fourth quarter and nearly 1,100 in December 2020. Although we continue to experience a limited impact on our managed case volume as a result of COVID-19 and acknowledge that the pandemic has slowed our expansion efforts in certain markets, Assure is pleased to have grown its total managed cases by more than 75% in 2021. Looking forward, we continue to expect to grow our managed case volume to more than 25,000 managed cases in 2022 despite the lingering impact of COVID-19, representing a potential increase of more than 40%."
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IFBD | Hot Stocks08:44 EST Infobird accelerates digital marketing solution for new energy vehicle market - Infobird announced that as a result of its deployment of its digital marketing solution with HYCAN, a New Energy Vehicle manufacturer in China, the company has accelerated its marketing and sales initiatives to develop additional opportunities in the EV automaker sector. Infobird's recently launched solution is designed to help new energy vehicle manufacturers improve marketing and customer engagement capabilities. Entering the field of new energy vehicle is expected to enhance the company's cross-industry service capabilities, contribute to the company's business development in the new energy vehicle industry, and provide new growth opportunities for Infobird. At present, Infobird's solution has been applied to the market promotion of HYCAN.
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ENSC | Hot Stocks08:42 EST Ensysce Biosciences announces results of special meeting of stockholders - Ensysce Biosciences announced the results of the special meeting of stockholders held January 26, 2022. This meeting was held virtually, and the following resolutions were submitted and adopted by the stockholders: For purposes of complying with Nasdaq Listing Rule 5635(d), the issuance of shares of common stock issuable upon the conversion of certain convertible notes and the exercise of certain warrants. The approval of the Company's Amended and Restated 2021 Omnibus Incentive Plan and certain conditional grants thereunder.
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SEAT DIS | Hot Stocks08:42 EST Vivid Seats renews multi-year deal with ESPN as official ticketing partner - ESPN Enterprises (DIS) and Vivid Seats Inc. (SEAT) announced a multi-year renewal of its relationship that builds upon the digital integrations powering the partnership, with a significant focus on linear and addressable media. As the Official Ticketing Partner of ESPN, Vivid Seats will continue to provide ESPN users and sports fans across the country with easy access to one of the deepest and broadest selections of tickets for sporting events. Since 2017, ESPN and Vivid Seats have worked together to integrate a seamless ticket-buying experience from Vivid Seats throughout ESPN.com and the ESPN app.
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SF | Hot Stocks08:42 EST Stifel Financial announces alliance with LFE Capital - Stifel Financial announced an alliance with LFE Capital, a growth equity firm dedicated to providing capital to women-owned and managed health and wellness businesses. As part of this partnership, Stifel is making a minority investment in LFE Capital and becoming an LP in its fourth fund. This investment is an extension of Stifel's initiative to develop relationships with the capacity to provide principal solutions. "We are committed to LFE Capital's ongoing mission to expand access to capital and networks to facilitate the continued success of the women's business community," said Victor Nesi, Co-President of Stifel and Head of Stifel's Institutional Group. "Through this collaboration, we can generate more unique and meaningful opportunities for Stifel employees and clients. We admire Leslie's foresight and tenacity in building LFE Capital and we are thrilled to take the next step of the journey with her and her team."
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ACER RLFTF | Hot Stocks08:40 EST Acer, Relief to present four ACER-001 posters at SIMD, GMDI conferences - Acer Therapeutics (ACER) and its collaboration partner, RELIEF THERAPEUTICS Holding (RLFTF) announced the acceptance of four ACER-001 abstracts for poster presentations at the upcoming Society for Inherited Metabolic Disorders Annual Meeting on April 10-13, 2022 in Orlando, Florida, and the Genetic Metabolic Dieticians International Conference on May 4-7, 2022, in Las Vegas, Nevada. The ACER-001 New Drug Application for urea cycle disorders is currently under U.S. Food and Drug Administration review with a Prescription Drug User Fee Act target action date of June 5, 2022. Details of the presentations are as follows: 2022 SIMD 43rd Annual Meeting: Title: The Pharmacokinetics of Taste-Masked Sodium Phenylbutyrate for the Treatment of Urea Cycle Disorders Under Fasting and Fed Conditions in Healthy Volunteers. Title: Taste-Masked Coating of Sodium Phenylbutyrate Improves the Palatability of Sodium Phenylbutyrate for Treatment of Urea Cycle Disorders. Additionally, Acer is sponsoring a lunchtime symposium at SIMD on April 12th at 12:45 pm ET. The symposium, entitled: "Addressing Unmet Needs in Screening, Diagnosis, Therapeutics and Advocacy for Urea Cycle Disorders," will be hosted by Robert D Steiner, MD, FAAP, FACMG; Professor University of Wisconsin; Editor in Chief of Genetics in Medicine; Wisconsin Newborn Screening Program Medical Consultant; and Chief Medical Officer of PreventionGenetics. 2022 GMDI Conference: Title: ACER-001: a Potential Alternative to Sodium and Glycerol Phenylbutyrate for Treatment of Urea Cycle Disorders: Title: Taste-masked Coating of Sodium Phenylbutyrate Improves the Palatability of Sodium Phenylbutyrate for Treatment of Urea Cycle Disorders. Additionally, Acer is sponsoring a breakfast symposium at GMDI on May 5th at 7:00 am PT. The symposium, entitled: "Energy and Protein Needs in UCD Patients: What We Know and What We Need to Know to Move Towards Personalized Care," will be hosted by Deborah Geary Hook, MPH, RDN, FAND, PhDc. PhD Candidate, University of California, Davis.
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MCD | Hot Stocks08:39 EST McDonald's: Operating conditions still challenging in Germany and France
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SOLO | Hot Stocks08:39 EST ElectraMeccanica announces retirement of co-founder, EVP Henry Resiner - ElectraMeccanica Vehicles announces the retirement of Henry Reisner, a co-founder and the current Executive VP, EVP, and a director of the Company, with effect immediately.
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ACRX | Hot Stocks08:39 EST AcelRx's sufentanil tablet shows pain medicine efficacy in publication - AcelRx announced the publication of an article reviewing the use of sufentanil sublingual tablet for pain medicine procedures in Current Pain and Headache Reports. Dr. Koushik's article discusses the challenges presented by patients suffering from chronic pain who are undergoing pain medicine procedures. In addition to SST having a non-invasive route of administration, the review article lists additional characteristics of SST, including "high bioavailability with avoidance of first-pass hepatic metabolism, rapid drug equilibration between central and peripheral compartments, the lack of active metabolites and a high therapeutic index." The article provides a detailed discussion of 23 published studies on SST assessing its safety and effectiveness in various medically supervised clinical settings. Lastly, the subject of SST as an option offering analgesia without the need for IV access or IV analgesics is discussed in the context of COVID-19-related social distancing requirements and drug shortages, as many IV sedatives and analgesics are on the FDA drug shortage list.
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FUL | Hot Stocks08:38 EST H.B. Fuller finalizes its purchase of UK-based Apollo for $211M, sees accretion - H.B. Fuller announced that it has finalized its purchase of Apollo, an independent manufacturer of liquid adhesives, coatings and primers for the roofing, industrial and construction markets. Based in Tamworth, UK, Apollo is projected to have 2022 revenue of approximately GBP 42M and EBITDA of approximately GBP 11M. Apollo will operate within H.B. Fuller's existing Construction Adhesives and Engineering Adhesives business units, and is expected to enhance H.B. Fuller's position in key high-value, high-margin markets in the UK and Europe. Total purchase price for the two acquisitions was $211M, a multiple of 12.3X EBITDA before synergies. Annual run-rate synergies of $8M are expected to be realized over the next three years, resulting in a post synergy multiple of 8.4X EBITDA. "With these acquisitions, we have added deep market knowledge, strong customer relationships and a local manufacturing footprint, which will enable H.B. Fuller to capitalize on access to regional capabilities in the UK and core Europe and to fully leverage our CA technology portfolio much more effectively," said H.B. Fuller President and CEO Jim Owens. H.B. Fuller expects sales expansion of Apollo and Fourny's established products to provide annualized revenue and cost synergies of approximately $8 million by 2024. The transactions are expected to have a positive impact on H.B. Fuller's long-term growth rate and gross margin in its Construction Adhesives and Engineering Adhesives business units, and be accretive to adjusted earnings per share in the first year following the close of the transaction.
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TAOP | Hot Stocks08:38 EST Taoping signs cooperation agreements to expand 3D iGallery, 'Smart Station' - Taoping announced that it has entered into a strategic cooperation agreement with three other companies to cooperate on naked-eye 3D iGallery and "Smart Station" projects. The three companies are BOE Yiyun Technology, Sichuan Lvfa Environmental Technology, and Wuxi Centennial Ronghua Technology Development. Pursuant to the agreement, which has a term of five years, TAOP is responsible for the market development of naked-eye 3D iGallery and "Smart Station" projects through its Taoping Alliance network and the overall operation of the new media advertising of Smart Station. The three partners are responsible to integrate and leverage their respective resources in brand, technology, channel, content, and operation to promote the development of naked-eye 3D iGallery and "Smart Station" projects in the market. "Naked-eye 3D iGallery and Smart Station are both smart projects that serve the common need and bring great experience to the public, We are excited to be involved in this project and we are confident by utilizing our advantage into the market development and the integration of all partners' resources", said Jianghuai Lin, Chairman and CEO of TAOP. "We will also work with the three partners to accelerate the implementation of the projects to allow more people to have access to the service and create value for the communities and the Company."
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WTBA | Hot Stocks08:37 EST West Bancorp raises quarterly dividend to 25c per share - On January 26, 2022, the Company's Board of Directors declared a regular quarterly dividend of $0.25 per common share, an increase of $0.01 from the prior quarter and representing a record high quarterly dividend for the Company. The dividend is payable on February 23, 2022, to stockholders of record on February 9, 2022.
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MGTX JNJ | Hot Stocks08:36 EST MeiraGTx receives clinical development milestone payment of $30M from Janssen - MeiraGTx (MGTX) announced that it has received a $30M payment from Janssen Pharmaceuticals (JNJ) part of the Janssen Pharmaceutical Companies of Johnson & Johnson, for a clinical milestone in the Phase 3 Lumeos trial of botaretigene sparoparvovec, an investigational gene therapy for the treatment of X-linked retinitis pigmentosa. The Phase 3 Lumeos trial is a global study of botaretigene sparoparvovec which is now dosing participants. MeiraGTx and Janssen are jointly developing botaretigene sparoparvovec as part of a broader collaboration to develop and commercialize gene therapies for the treatment of inherited retinal diseases. MeiraGTx remains eligible to receive additional development and commercial milestones for botaretigene sparoparvovec as well as for other programs as part of the collaboration agreement. "XLRP is one of the most common and severe forms of retinitis pigmentosa, with no approved treatment options, and with most patients completely losing sight by the fourth decade of their lives," said Alexandria Forbes, Ph.D., President and Chief Executive Officer of MeiraGTx. "We are very pleased with the progress made in the Lumeos study and are working closely with our collaboration partner Janssen, the regulatory agencies, and patient and clinical communities to advance botaretigene sparoparvovec toward regulatory approval."
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MCD | Hot Stocks08:35 EST McDonald's CEO: Rising inflation putting pressure on restaurants
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NRSN | Hot Stocks08:35 EST NeuroSense extends collaborative biomarker study with MA General Hospital - NeuroSense announced the initiation of the third stage of a collaborative biomarker study with Massachusetts General Hospital. The extension of this collaborative effort follows two prior successful studies conducted with the novel neuron derived exosomes platform, also completed in collaboration with MGH. The new study, building upon the success of the first two studies, is intended to expand the insight into these biomarkers and their correlation to the progression of ALS symptoms by evaluating the same biomarkers longitudinally in patients who have not been treated with PrimeC. This enhanced understanding of the mechanism of action for PrimeC and its impact on disease progression is intended to provide support regarding the effectiveness of PrimeC in treating ALS and assist NeuroSense in optimizing the clinical trials that are planned for FDA approval and commercialization.
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SPRC | Hot Stocks08:34 EST SciSparc appoints CFO Oz Adler as CEO - SciSparc appointed Oz Adler as CEO, Itschak Shrem as President and Amitay Weiss as Chairman of the Board of Directors of the company, effective January 10. Adler will continue to serve as CFO until the recruit of a suitable replacement. Adler joined the company in September 2017, and since April 2018 has served as CFO. Prior to joining the Company, Adler was employed as a CPA at Kost Forer Gabbay & Kasierer, a member of Ernst & Young Global. Weiss has served as CEO and on its Board of Directors since August 2020. Prior to joining the company, Weiss held several positions at Bank Poalei Agudat Israel. Shrem has served as the company's Chairman of the Board of Directors since August 2020. Shrem will remain a board member of the company in addition to his new role as president.
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MCD | Hot Stocks08:34 EST McDonald's CEO sees 2022 as a year of progress, but with 'enduring' challenges - Comments taken from Q4 earnings conference call.
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CYRX | Hot Stocks08:33 EST Cryoport, Cell Matters enter strategic partnership - Cryoport announced that it has entered into a strategic partnership with Cell Matters, S.A. to deliver to the life sciences industry end-to-end cryopreservation services for leukapheresis derived therapies supporting both autologous and allogeneic cell therapies. The companies will jointly develop the commercial approach for marketing these services. The relationship between Cryoport and Cell Matters has two key components, which are: Cell Matters and Cryoport Systems will launch a joint service to support the development, the optimization, and the actual cryopreservation of leukopaks for preclinical, clinical, and commercial use. The partnership will solve the main challenge of cell therapy manufacturers which is the timely supply of high-quality manufacturing-ready leukopaks; and Cryoport Systems and Cell Matters will provide clients with a new comprehensive suite of cryopreservation solutions.
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NOC | Hot Stocks08:31 EST Northrop Grumman says Q4 operating income was down 15% - The company states that Q4 segment operating income "decreased $171M, or 15%, primarily due to lower operating income at Aeronautics Systems, principally due to a $93M unfavorable estimate-at-completion adjustment on F-35. Defense Systems operating income also declined in the fourth quarter of 2021 due to the impact of the IT services divestiture. Fourth quarter 2020 segment operating income from the IT services business was $67M. Fourth quarter 2021 segment operating margin rate of 11.2% was consistent with the prior year period." The company further notes that "sales were reduced by approximately 6% at each of the sectors due to four less working days when compared to the fourth quarter of 2020. Sector operations also were affected by the ongoing impact of COVID-19 on the broader economic environment, including a tight labor market, elevated levels of employee leave, and supply chain challenges."
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NOC | Hot Stocks08:30 EST Northrop Grumman provides 2022 sector guidance - For 2022 sees: Aeronautics Systems sales mid to high $10B, OM rate ~10%; Defense Systems sales high $5B, OM rate high 11%; Missions Systems sales mid $10B, OM rate low 15%; Space Systems sales mid $11B, OM rate low 10%; Eliminations ($2.1B), OM rate mid to high 12%.
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ASPAU | Hot Stocks08:30 EST ABRI SPAC I Inc (Units) trading resumes
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ASPAU | Hot Stocks08:27 EST Apifiny to become public through Abri SPAC I combination agreement - Apifiny announced that it has entered into a definitive business combination agreement with Abri SPAC I, a special purpose acquisition company, that will result in Apifiny becoming a publicly traded company on the Nasdaq stock market. The transaction is expected to close in Q3 and is subject to approval by Abri stockholders and other customary closing conditions, including regulatory approvals. The boards of both Apifiny and Abri have unanimously approved the proposed transaction. Founded in 2018, Apifiny has developed a unique ecosystem that connects highly fragmented digital asset trading markets into a single global platform. The pro forma enterprise value of the combined company is approximately $530M, including the contribution of up to $57M of cash held in Abri's trust account, subject to redemptions. The transaction is subject to approval by the shareholders of Apifiny and Abri, respectively, and the satisfaction of the closing conditions set forth in the merger agreement. The board of directors of Apifiny and Abri, respectively, have unanimously approved the transaction. The proposed business combination contemplates that Apifiny stockholders will roll 100% of their equity into the combined company. Abri and Apifiny have each agreed that the combined company will satisfy all Nasdaq listing requirements at the close of the business combination and no specific minimum cash requirement exists. All cash remaining on Abri's balance sheet at the closing of the transaction, after paying off transaction expenses, is expected to remain on Apifiny Group Inc.'s balance sheet for working capital, growth and other general corporate purposes. The transaction is expected to close in Q3.
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PNTG ENSG | Hot Stocks08:26 EST Pennant Group announces strategic senior living transactions - The Pennant Group (PNTG) announced a series of strategic transactions that better positions its senior living portfolio for success in the short and long term. The Company announced that it has entered into definitive agreements to transfer the operations of five senior living communities to affiliates of The Ensign Group (ENSG). These five communities are located in Washington, Arizona and California and are co-located with skilled nursing facilities operated by affiliates of Ensign. The transaction is anticipated to occur across separate closings in the first half of 2022, subject to receipt of third party approvals and other customary closing conditions. On the same day, the Company announced that it has entered into a letter of intent to lease the operations of a Class A senior living community in a key market for Pennant. It is anticipated that the commencement date of this long-term, triple net lease will begin in the second quarter of 2022. Danny Walker, Pennant's Chief Executive Officer, commented, "As we continue to build a strong operating foundation in our senior living segment, the combination of these transactions provides immediate benefits that will positively impact our 2022 segment bottom-line results while creating additional long-term upside opportunity through a high-quality asset in a market where we have deep home health and hospice presence." Upon closing of these transactions, Pennant affiliates will operate 50 senior living communities across six states.
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KTOS | Hot Stocks08:24 EST Kratos Defense releases EO/RS SC enhancements for OpenSpace Platform - Kratos Defense & Security Solutions announced enhancements to its Earth Observation & Remote Sensing Service Chain, EO/RS SC, for its OpenSpace Platform. The new release adds features that enable satellite operators and Ground Station-as-a-Service providers to increase automation, accelerate deployment times and further optimize operating and capital expenditures. "The new enhanced capabilities of the OpenSpace EO/RS SC and the ability to orchestrate those functions within the OpenSpace Platform dramatically lower the cost of downlinks, while raising the performance for missions," said Christopher Boyd, Senior Director of Product Management at Kratos. "Virtual TT&C modems, wideband receivers, and stream processing/recorders are orchestrated as a service chain along with the automated configuration of physical functions such as digitizers and antenna control systems to support fully automated EO sensing mission services from the antenna all the way to post satellite pass processing."
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MGA VWAGY | Hot Stocks08:23 EST Magna announces secondary eDrive systems on Volkswagen MEB platform - Magna (MGA) continues its growth in electrification with secondary eDrive systems hitting the market in Asia, Europe and North America on Volkswagen's (VWAGY) MEB platform. The HASCO Magna Electric Drive Systems team in China has started high-volume serial production of secondary eDrive systems for the Volkswagen ID.4 electric crossover, one of the automaker's vehicles on the MEB platform. "We take a lot of pride in being the global supplier for all secondary eDrives for Volkswagen's MEB platform and seeing the initial vehicles hit the market," said Tom Rucker, President of Magna Powertrain. "This is Magna's most recent, high-voltage eDrive system to be industrialized for serial production, and we are excited to make it available to the global market."
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ADS ULTA | Hot Stocks08:20 EST Alliance Data announces long-term renewal agreement with Ulta Beauty - Alliance Data (ADS) announced a long-term renewal agreement to continue providing private label and co-brand credit card services for Ulta Beauty (ULTA). Selling over 25,000 products at more than 1,300 stores and ulta.com, Ulta Beauty is an omnichannel retail leader focused on providing connected, convenient guest experiences across digital and physical touchpoints. The Ultamate Rewards credit card is designed to enhance the benefits of the popular Ultamate Rewards loyalty program and ultimately increase engagement and spend among the 36 million loyalty members.
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PTRA | Hot Stocks08:20 EST Santa Clara VTA partners with Proterra for electric bus charging - The Santa Clara Valley Transportation Authority will install an innovative clean energy microgrid and EV fleet charging system with Proterra and Scale Microgrid Solutions to help power the agency's transition to a 100% zero-emission bus fleet, following a grant that was awarded for the project by the California Energy Commission this week. In the event of an extended power outage, such as a public safety power shutoff, electricity stored in the microgrid's battery storage system can provide back-up power at VTA's Cerone bus yard to allow the agency to continue operating battery-electric buses, serving riders and providing emergency transport if needed. The solar PV and battery energy storage system will give VTA operational flexibility on when to purchase the utility power needed to charge its vehicle fleet, saving the agency on its electricity costs and further reducing its total operating costs compared to continued diesel bus operations. Expected to come online in late 2023, the project showcases how clean energy paired with fleet-scale EV charging can enable the adoption of fully-electric vehicle fleets and further reduce greenhouse gas emissions.
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PROK DNAC | Hot Stocks08:20 EST ProKindey announces online publication of trial design for trial of REACT - ProKidney (PROK) announced the publication of the trial design of its Phase II clinical study of its novel Renal Autologous Cell Therapy in the American Journal of Nephrology. The paper, titled Novel Renal Autologous Cell Therapy for Type 2 Diabetes Mellitus Chronic Diabetic Kidney Disease: Clinical Trial Design, was published online and will appear in a future print edition of the Journal. "Renal autologous cell therapy, or REACT, is a potentially groundbreaking treatment for CKD patients, a population in dire need of new, more effective therapeutic options," said Joseph Stavas, M.D., ProKidney's SVP Clinical Development and lead author of the manuscript. The study is a prospective, multicenter, randomized control, open-label Phase II clinical trial that enrolled a total of 83 subjects ages 30-80 with Type 2 diabetic kidney disease. The primary efficacy endpoint is a measurement of estimated glomerular filtration rate from baseline through 24 months after the last REACT dose. ProKidney recently entered into a definitive agreement to become a publicly traded company via a business combination with Social Capital Suvretta Holdings Corp III (DNAC)
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HTBI | Hot Stocks08:19 EST HomeTrust raises quarterly dividend 12.5% to 9c per share - The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.09 per common share, reflecting a $0.01, or 12.5% increase over the previous quarter's dividend. This is the third increase of the quarterly dividend since the Company initiated cash dividends in November 2018. The dividend is payable on December 2, 2021 to shareholders of record as of the close of business on November 18, 2021.
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ETRGF | Hot Stocks08:15 EST Entourage Health expands Color Cannabis adult-use lineup - Entourage Health announced the expansion of its Color Cannabis adult-use lineup with the launch of three new premium products now available in Ontario, with expected expansion across Canada throughout the first quarter of 2022. New specialty concentrate: Crafted from Entourage's award-winning cultivar, 'Pedro's Sweet Sativa Live Sugar' is a 77% to 83% THC live resin cannabis concentrate that is hydrocarbon extracted from fresh frozen flower to produce a sugar-in-honey consistency extract. Processed at the Company's Aylmer facility, it represents the latest expansion into new cannabis offerings. New pre-roll product: Terpene-rich cultivar 'Black Sugar Rose' debuts its 18% to 24% THC 10x3.5g pre-roll pack, which is gently milled directly from whole flower and conveniently packaged for single-session use. This is the latest Color cultivar added to the family of pre-roll products now available. New small-batch cultivar: 'Space Cake', a 20% to 26% THC indica-dominant hybrid available in a 3.5g whole-flower format is a rare cross between cultivars Girl Scout Cookies and Snow Lotus. With its terpene-rich notes of musk and creamy diesel cues, Space Cake is small-batch-cultivated at Entourage's Strathroy facility. This is the first in a series of commercially viable new cultivars coming in 2022.
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WPRT | Hot Stocks08:15 EST Westport joins World Hydrogen Council - Westport Fuel Systems announced that it has joined the Hydrogen Council as a supporting member. The Hydrogen Council is a global CEO-level advisory body providing a long-term vision for the important role of hydrogen technologies in an energy transition for cleaner transportation solutions. "We are thrilled to join the Hydrogen Council as a supporting member," said David M. Johnson, Chief Executive Officer of Westport Fuel Systems. "The Hydrogen Council continues to boost global collaboration and work within the industry to scale up hydrogen solutions for cleaner transportation. We believe that green hydrogen in internal combustion engines and fuel cell vehicles will be key in decarbonizing transport. As a global leader in gaseous fuel solutions, we look forward to working with the Hydrogen Council to advance hydrogen's role in the clean energy transition."
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PDSB | Hot Stocks08:14 EST PDS Biotechnology announces preclinical data for PDS0202 vaccine - PDS Biotechnology Corporation announced preclinical data for its universal flu vaccine, which was shown to be effective against multiple strains of the influenza virus. Due to the existence of multiple strains of flu, a new seasonal flu vaccination is usually developed to provide protection against the strains predicted to be prevalent in an upcoming flu season. As a result, the protective efficacy of the current vaccines varies widely from season to season. PDS Biotechnology is developing a new generation of flu vaccines with the potential to provide long-lasting, and broad protection against multiple strains of the virus. We believe that the successful development of a universal flu vaccine could eliminate the need to create a vaccine to protect against each year's predicted variants. According to the World Health Organization, influenza causes 3 to 5 million cases and approximately 290,000 to 650,000 deaths each year. PDS0202 combines PDS Biotech's proprietary Infectimune technology with proprietary COBRA designed by renowned influenza expert Dr. Ted Ross. PDS Biotech announced an agreement with the University of Georgia to license the COBRA antigens. The NIAID-sponsored preclinical work was performed by Dr. Jerold Woodward at the University of Kentucky College of Medicine and Dr. Ted Ross at the University of Georgia, in collaboration with PDS Biotech. Dr. Ted Ross is Principal Investigator at the National Institute of Allergy and Infectious Diseases Collaborative Influenza Vaccine Innovation Center located at the University of Georgia. The studies demonstrated the ability of PDS0202 to promote robust induction of broadly neutralizing influenza -specific antibodies, flu-specific CD4 and CD8 T-cells, as well as long-lasting memory T-cells. This well characterized and robust immune response to the COBRA antigens suggests strong potential for broad and long-term protection against multiple strains of influenza.
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ACI | Hot Stocks08:13 EST Albertsons selects Afresh Technologies AI Platform - Albertsons will enhance its fresh offering with Afresh Technologies' AI-powered predictive ordering and inventory solutions to reduce waste and offer fresh product for customers. Afresh will help Albertsons Cos.' optimize fresh forecasting, inventory, ordering, merchandising and operations. Afresh Technologies enables Albertsons Cos. to deploy AI technology platform in all its stores while helping to reduce food waste, ultimately reducing greenhouse gas emissions and saving water.
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PVCT | Hot Stocks08:12 EST Provectus provides update on research into PV-10 - Provectus provided an update on research of its investigational immunotherapy PV-10 as an immune adjuvant in vaccines for cancer and viruses to improve immune response upon vaccination, in conjunction with the Company's ongoing efforts to expand its intellectual property. On January 20, 2022, the U.S. Patent and Trademark Office, USPTO, published Provectus' patent application entitled "Halogenated Xanthenes as Vaccine Adjuvants", which contained among other things: In vitro data that showed PV-10 was able to significantly increase numbers of interferon gamma-producing CD8 cells for peptides representing various antigenic regions of the Hepatitis B virus core protein. These peptides were selected for their capability to raise CD4 and CD8 T cells against HBV. Dominic Rodrigues, Vice Chair of the Company's Board of Directors, said, "Immune adjuvants can help vaccines generate quicker, more efficacious and durable immune responses. This new research further supports the multi-faceted immunogenicity of Provectus' small molecule medical science platform, which is the foundation of our work to develop transformative, accessibly-priced immunotherapy medicines."
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VOLT | Hot Stocks08:12 EST Volt Information Sciences names Craig Lewis Chief Revenue Officer - Volt Information Sciences announced that Craig Lewis has been appointed Chief Revenue Officer of the Company, effective January 24 . Mr. Lewis has overall leadership responsibility for Volt's nationwide commercial and technical branch network, as well as the Company's enterprise sales organization. . .
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AAWW | Hot Stocks08:12 EST Atlas Air, Flexport expand partnership to add third Boeing 747 Freighter - Atlas Air announced an agreement to expand its partnership with Flexport to add a third Boeing 747-400 freighter to its existing fleet beginning in September 2022. This long-term charter agreement reflects the strong customer demand for Atlas' services and dedicated international widebody airfreight capacity. The agreement between Flexport and Atlas Air will broaden Flexport's network of dedicated freighters to include service from Asia to Los Angeles, Miami and soon, Chicago. The additional freighter will increase Flexport's dedicated airfreight capacity from Atlas Air by 50% and allow for enhanced schedule flexibility as new origins and destinations are added in 2022 and beyond. The move eastward across the United States will improve airfreight accessibility for global shippers and enable them to design airfreight networks that best serve their interests as part of strong, resilient multi-modal supply chain strategies.
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CGRN | Hot Stocks08:11 EST Capstone Green Energy enters 10-year FPP contract for two systems - Capstone Green Energy announced that Servelect, Capstone's exclusive distributor for Romania, entered into a new 10-year Parts and Labor Factory Protection Plan, or FPP, service contract for two Capstone Signature Series C600S natural gas-fueled systems installed in Eastern Europe.
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ENPH | Hot Stocks08:11 EST Enphase Energy, Semper Solaris launch partnership in California - Enphase Energy and Semper Solaris announced a strategic partnership focused on deploying Enphase Energy Systems across the state. "Semper Solaris is one of the largest battery installers in the United States because of its early leadership in serving the growing demand for solar plus home backup battery systems," said Dave Ranhoff, chief commercial officer at Enphase Energy. "The company's scale has been achieved through a commitment to operational excellence, best-in-class product offerings, and customer experience. We're excited to expand our partnership with Semper Solaris by deploying our leading Enphase IQ8 Microinverters and IQ Batteries to reach as many people as possible." Semper plans to utilize Enphase's proposal and permitting services. Enphase expects to build on this partnership and create a fully integrated digital platform, with higher automation and additional services such as operations and maintenance. The goal of the Enphase digital platform is to help installers streamline and simplify the homeowners buying experience.
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TFC | Hot Stocks08:11 EST Truist Financial announces goal of net zero greenhouse gas emissions by 2050 - Truist Financial announced plans to achieve net zero greenhouse gas emissions by 2050. To further advance the progress towards the net zero goal, Truist will continue to reduce Scope 1 and Scope 2 GHG emissions from its operations - including investing in energy efficiency projects at corporate offices and bank branches. Truist also will work to measure and report on enhanced Scope 3 categories. Truist will broadly support clients and the economy in these important and beneficial transitions and continue to share progress in its upcoming CSR and ESG Report and in the second issuance of its Task Force for Climate-Related Financial Disclosures Report.
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TFC | Hot Stocks08:11 EST Truist Financial announces goal of net zero greenhouse gas emissions by 2050 - Truist Financial announced plans to achieve net zero greenhouse gas emissions by 2050. To further advance the progress towards the net zero goal, Truist will continue to reduce Scope 1 and Scope 2 GHG emissions from its operations - including investing in energy efficiency projects at corporate offices and bank branches. Truist also will work to measure and report on enhanced Scope 3 categories. Truist will broadly support clients and the economy in these important and beneficial transitions and continue to share progress in its upcoming CSR and ESG Report and in the second issuance of its Task Force for Climate-Related Financial Disclosures Report.
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JBLU | Hot Stocks08:10 EST JetBlue: Reduced Q1 capacity plan by 5 points due to omicron impact - Expects demand to accelerate throughout 2022.
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EWBC | Hot Stocks08:10 EST East West Bancorp boosts dividend 21% to 40c per share - East West's Board of Directors has declared first quarter 2022 dividends for the Company's common stock. The common stock cash dividend of 40c per share is payable on February 22 to stockholders of record on February 7. This represents a 21% increase, or seven cents per share, to the quarterly common stock dividend, up from 33c per share previously. The new annual dividend is $1.60 per share, compared with $1.32 per share previously.
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HOFV | Hot Stocks08:10 EST Hall of Fame Resort & Entertainment enters 10-year agreement with Genesis Global - Hall of Fame Resort & Entertainment announced it has signed a 10-year agreement with Genesis Global, a mobile-first global gaming operator. Per terms of the agreement, Genesis will become the official mobile sports-betting partner of the company, operating its platform in partnership with HOFV, and handle all aspects of those operations, subject to the procurement of necessary licenses. The new agreement also includes a sponsorship component-which includes support of the Hall of Fantasy League-adding Genesis to HOFV's family of world-class sponsors, and a future limited equity interest in Genesis. The agreement will provide ample opportunities for cross-marketing, branding and direct engagement with consumers for both entities.
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ANTE | Hot Stocks08:10 EST AirNet Technology purchases 4,800 cryptocurrency mining machines in the U.S. - AirNet Technology entered into an equipment purchase agreement for the purchase of 4,800 Bitmain Antminer S-19 XP miners with an intended delivery in equal monthly installments of 800 units in the second half of 2022 in the U.S. .The aggregate purchase price for these miners is approximately $60M, for which the Company's business partner, Foundry Digital LLC will provide financing through its Foundry X. To accommodate its increasing scale of operations in the United States, the company entered into a lease agreement for a term of three years, pursuant to which the company agreed to lease approximately four acres of land including approximately 22,603 square feet of office space in Houston, Texas.
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SCOR GTN | Hot Stocks08:10 EST Comscore announces renewal, expansion of Gray Television partnership - Comscore (SCOR) announced a renewed and expanded agreement to provide Gray Television (GTN) with the full suite of Comscore's local market currency tools, including Comscore's Advanced Automotive Demographics segments. Gray TV will now be using Comscore's audience data as primary selling currency across 199 stations in 96 markets including its largest, Atlanta, and will serve as Gray's exclusive currency in 95 of those markets.
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JBLU | Hot Stocks08:09 EST JetBlue sees FY22 capacity up 11%-15% vs. FY19 - Sees FY22 CASM ex-fuel up 1%-5% vs. FY19.
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JBLU | Hot Stocks08:09 EST JetBlue sees 1Q22 capacity down 1% to up 2% vs. 1Q19 - Comments taken from Q4 earnings conference call presentation slides.
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AMEH | Hot Stocks08:08 EST Apollo Medical acquires Orma Health - Apollo Medical has acquired 100% of the fully diluted capitalization of Orma Health and Provider Growth Solutions - together, Orma Health - in accordance with an agreement between ApolloMed, Orma Health and certain equity holders of Orma Health. Founded in 2020, Orma Health's real-time Clinical AI platform ingests data from multiple sources and utilizes advanced risk-stratification models to identify patients for various clinical programs, including remote patient monitoring, mental health support, chronic disease management, and more. Through its suite of AI-driven solutions, Orma Health currently serves over 4,000 aligned Medicare beneficiaries in a Direct Contracting Entity and over 2,500 patients in California, Nevada, Arizona and Texas through its RPM platform. As part of the acquisition, Neil Ahuja, co-founder and CEO of Orma Health, will join ApolloMed as President, Provider Solutions. According to the terms of the agreement, a portion of the purchase price was paid in cash to the equity holders of Orma Health upon the closing of the transaction, another portion was paid in ApolloMed stock to the equity holders of Orma Health upon the closing of the transaction, and the remainder of the purchase price is to be paid in a combination of cash and stock to the equity holders contingent upon Orma Health achieving certain operational milestones over the 18 months after the closing. The company will fund the transaction from cash on hand and shares of ApolloMed stock.
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COCP | Hot Stocks08:08 EST Cocrystal selects two antiviral drug candidates for COVID-19 oral drug program - Cocrystal Pharma has selected two investigational novel antiviral drug candidates for further development as oral treatments for SARS-CoV-2, the virus that causes COVID-19. CDI-988 and CDI-873 target a highly conserved region in the active site of SARS-CoV-2 main (3CL) protease required for viral RNA replication. Cocrystal plans to initiate a first-in-human trial with one selected candidate as soon as possible this year. "We are excited to have discovered two lead COVID-19 oral antiviral candidates that both demonstrate highly encouraging preclinical efficacy and safety data," said Sam Lee, Cocrystal's President and interim co-CEO. "We plan to continue evaluating both CDI-988 and CDI-873 for clinical development, while we are also rapidly advancing our inhalation/pulmonary SARS-CoV-2 lead candidate CDI-45205 toward clinical development. The objective of our multipronged strategy is to offer highly potent and safe antiviral therapeutics for hospitalized patients, as well as for those not requiring hospitalization, including for prophylactic use to provide protection to uninfected individuals who may become exposed. We expect one oral candidate in addition to our inhalation/pulmonary candidate to advance into clinical trials this year."
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SIRI | Hot Stocks08:08 EST Neil Young Radio returns exclusively to SiriusXM - SiriusXM announced the return of Neil Young Radio, a satellite and streaming music channel featuring music and exclusive stories from Neil Young. Following its launch in December as a limited-run channel, Neil Young Radio now returns to its limited engagement home on SiriusXM's Deep Tracks, channel 27, for 7 days starting today, and for a month streaming on the SXM App.
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CRL | Hot Stocks08:08 EST Charles River expands strategic partnership with Samdi Tech - Charles River announced the expansion of their strategic partnership with Chicago, Illinois-based Samdi Tech. Under the existing partnership, established in 2018, Samdi Tech clients have access to Charles River's collection of lead-like compounds for high-throughput screening. The expanded agreement establishes Charles River as the exclusive partner for the promotion of Samdi Tech's technology. This partnership will provide Charles River's clients seamless access to the premiere, label-free high-throughput screening mass spectrometry platform in drug discovery. The Samdi technology combines self-assembled monolayers and MALDI MS, and addresses the throughput and sample preparation limitations of traditional MS screening methods. The combination of Charles River's end-to-end portfolio and scientific bench with Samdi Tech's innovative technology and expertise in assay solutions has the potential to significantly accelerate and augment clients' discovery efforts by measuring biochemical activities and binding events for virtually any target.
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MA | Hot Stocks08:08 EST MasterCard reiterates 2022-2024 performance objectives - Sees 2022-2024 net revenue CAGR in the high teens, with an annual operating margin at minimum 50% and an EPS CAGR in the low twenties. Comments taken from Q4 earnings conference call presentation slides.
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SFNC | Hot Stocks08:06 EST Simmons First National board autrhorizes new $175M share repurchase program - The Company announced that its board of directors has authorized a new stock repurchase program under which the Company may repurchase up to $175,000,000 of its Class A common stock currently issued and outstanding. The New Program replaces the 2019 Program.
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ESI | Hot Stocks08:06 EST Element Solutions acquires HSO Herbert Schmidt, terms undisclosed - Element Solutions announced that it has acquired HSO Herbert Schmidt, a privately-held, multi-national developer of surface finishing technology and chemistry headquartered in Solingen, Germany. Founded in 1936, HSO develops and manufactures highly-specialized solutions for decorative and functional surface finishing with a focus on environmentally sustainable products, especially in the field of Plating on Plastics. In 2021, HSO was certified as a climate-neutral electroplating operation functioning under the values of sustainability and climate protection. Future results from this tuck-in acquisition will be reported in the company's Industrial & Specialty segment.
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HON | Hot Stocks08:05 EST Honeywell to form joint venture with Avangard Innovative - Honeywell announced its intent to form a joint venture with Avangard Innovative to build an advanced recycling plant in Texas. The facility will use Honeywell's recently announced UpCycle Process Technology to transform end-of-life plastic waste into recycled polymer feedstock that can be used to create new plastics. Avangard Innovative is the largest plastics recycler in the Americas and will be the first to deploy the UpCycle Process Technology in the United States. Honeywell and Avangard intend to form a joint venture to co-own and operate a facility within Avangard's NaturaPCR complex in Waller, Texas. The planned advanced recycling plant is expected to have the capacity to transform 30,000 metric tons of mixed waste plastics into Honeywell Recycled Polymer Feedstock per year. Production is anticipated to begin in 2023.
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LOW WOOF | Hot Stocks08:05 EST Lowe's, Petco enter retail partnership - Lowe's (LOW) and Petco (WOOF) announced a pilot store-in-store program that brings products, services and expertise - for both home and pets - into one stop at select Lowe's locations. The first Lowe's + Petco store-in-store concept is expected to open at Lowe's Alamo Ranch, Texas location in early February, with plans to expand to 14 additional Lowe's locations in Texas, North Carolina, and South Carolina by the end of March.
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SFNC | Hot Stocks08:05 EST Simmons First National declares quarterly cash dividend 19c per share - As a result of the Company's strong capital position and ability to organically generate capital, the Company's board of directors has declared a quarterly cash dividend on the Company's Class A common stock of $0.19 per share, which is payable on April 4, 2022, to shareholders of record as of March 15, 2022. The cash dividend rate represents an increase of $0.01 per share, or 6 percent, from the dividend paid for the same time period last year.
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TFFP | Hot Stocks08:05 EST TFF completes enrollment in Phase 1 study on niclosamide to treat COVID-19 - TFF Pharmaceuticals announced that it has completed enrollment of 40 healthy subjects in its Phase 1 clinical trial of a dry powder formulation of niclosamide, an antiviral treatment with potential to address COVID-19 and other respiratory viral diseases. "We are pleased with the continued progress of TFF's internal pipeline including inhaled niclosamide, which we believe could provide a safer, convenient and effective option to treat COVID-19," said Glenn Mattes, CEO of TFF Pharmaceuticals. "We are grateful to our team and collaborators for their work to advance this program in the backdrop of continued uncertainties of the COVID-19 pandemic. We look forward to sharing the detailed safety data from the Phase 1 study later this quarter and to sharing additional updates on the progress of our Phase 2 voriconazole and tacrolimus programs." Originally approved as an oral anthelmintic drug by the U.S. Food and Drug Administration in 1982, niclosamide was recently shown to exhibit potent antiviral activity against SARS-CoV-21 but has limited water solubility as well as low absorption and bioavailability when administered orally. TFF Pharmaceuticals intends to utilize its Thin Film Freezing technology to produce an inhaled formulation of niclosamide to target the lungs directly where SARS-CoV-2 infection occurs. The Phase 1 trial consisted of a Single Ascending Dose and Multiple Ascending Dose phase.
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MA | Hot Stocks08:03 EST MasterCard CEO: Q4 cross-border spending above pre-pandemic levels - "We had a strong fourth quarter as spending trends continued to improve, with Q4 cross-border spending now above pre-pandemic levels. We are optimistic about the coming year as consumers, businesses and governments have become more adaptable to the changing environment," said Michael Miebach, Mastercard CEO. "We are executing on our strategic priorities and making good progress in scaling new products, strengthening partner relationships and winning new deals. Further, we are adding to our unique services capabilities with the planned acquisition of Dynamic Yield, which creates individually tailored experiences for consumers across digital channels."
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SBEV | Hot Stocks08:03 EST Splash Beverage Group signs distribution agreement with D. Bertoline & Son - Splash Beverage Group announced that it has signed a distribution agreement with D. Bertoline & Sons to distribute all Splash brand beverages through the D. Bertoline network. "This is another major win for Splash as we continue to execute our business plan to expand our presence in the US market," said Robert Nistico, Splash Beverage Group's Chairman and CEO. "On the heels of recent distribution agreements in Florida, Arkansas and Southern California, this latest agreement secures a strong foothold in a densely populated northeast region. D. Bertoline & Sons is an AB ONE wholesaler with a large presence in New York State's Hudson Valley region. We believe this is another validation arising from our distribution agreement with AB ONE whose territory includes New York City among other major territories. Regional distributors and wholesalers are seeing that AB ONE has demonstrated confidence in our product, and that is in turn giving them confidence to proceed with us. We're extremely excited about this and look forward to continued growth."
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LPCN | Hot Stocks08:03 EST Lipocine's Tlando Phase 3 results featured in peer-reviewed publication - Lipocine announced the peer-reviewed publication of positive Phase 3 clinical data from the Dosing Validation study which evaluated the fixed-dose oral testosterone undecanoate, Tlando, for the treatment of hypogonadism. As previously disclosed, the DV study met its primary endpoint, with Tlando restoring testosterone levels to the normal range in hypogonadal males. The FDA previously granted tentative approval to Tlando in adult males indicated for conditions associated with a deficiency or absence of endogenous testosterone: primary hypogonadism and hypogonadotropic hypogonadism.
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BA | Hot Stocks08:02 EST China Airlines, Boeing announce order for four 777 Freighters valued at $1.4B - Boeing and China Airlines announced the Taiwan flag carrier has ordered four 777 Freighters, adding to its extensive fleet of Boeing airplanes. Valued at $1.4B at list prices, the order will enable the airline to capture new market opportunities as global air cargo demand continues to grow.
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LILM FINMY | Hot Stocks07:59 EST Lilium arrives at ATLAS flight test center, hires Chief Test Pilot - Lilium (LILM) announced that one of its 5th generation technology demonstrators has arrived at the ATLAS Flight Test Center in Villacarrillo, Spain where Lilium plans to continue its flight test campaign at higher speeds and over longer distances, thereby expanding the testing capabilities beyond Germany. The campaign is bolstered by newly appointed Chief Test Pilot, Andrew Strachan. Prior to joining Lilium, Strachan served in the Royal Air Force and then had a career as a test pilot and later Chief Test Pilot at Leonardo Helicopters (FINMY)
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MCD | Hot Stocks07:59 EST McDonald's says Q4 results reflect higher sales-driven restaurant margins - The company said, "Results for the quarter and year reflected stronger operating performance across all segments due to higher sales-driven restaurant margins as we continue to execute on our Accelerating the Arches strategy. Results also benefited from fewer restaurant closures and reduced COVID-related government restrictions compared with the prior year. COVID-19 continued to result in varying levels of government restrictions on restaurant operating hours, limited dine-in capacity and, in some cases, dining room closures. The company has applied appropriate precautionary measures, including following the guidance of expert health authorities, and will continue to adapt and enhance its approach in order to protect the safety and well-being of its customers and people."
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MSCI | Hot Stocks07:53 EST MSCI sees FY22 free cash flow $1.05B-$1.1B - Sees FY22: Net cash from operating activities $1.12B-$1.16B; CapEx $60M-$70M; Effective tax rate 15.5%-18.5%.
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AYRWF | Hot Stocks07:53 EST Ayr Wellness appoints Johnson-Miller to board of directors - Ayr Wellness announced that it has welcomed Joyce Johnson-Miller to the Company's Board of Directors. Additionally, Johnson-Miller has been appointed and confirmed to the Company's Audit Committee. She is the Chairwoman of the Board and Chief Investment Officer for Pacific Gate Capital Management, a value-oriented investment manager focused on U.S. private credit investments.
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RNW | Hot Stocks07:52 EST ReNew Energy Global sells roftop portfolio for $90M - ReNew has sold 117 MW/138 MWp of its distributed rooftop solar portfolio to Fourth Partner Energy, one of India's leading rooftop solar energy companies, for approximately $89.9M. Fourth Partner is an investee company of TPG and Norfund. After accounting for an outstanding debt of $18.3M, the cash proceeds from the sale are $71.6M. ReNew expects to record a gain from the deal. With the sale, the run-rate-adjusted EBITDA for ReNew's total portfolio will be reduced by $9.35M-$9.55M.
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POAI | Hot Stocks07:43 EST Predictive Oncology set to market AI drug discovery platform - Predictive Oncology is "set to be a first mover in the artificial intelligence powered drug discovery market that POAI expects will grow to $20B in the next three years," reported the Company today in outlining its strategy for 2022. The Company plans to leverage its existing pharma relationships to market PeDAL. "The demonstration of our drug discovery platform provides the proof of concept that our pharmaceutical partners have been waiting for," said J. Melville Engle, CEO and Chairman of Predictive Oncology Inc. "We expect to meet the existing demand from pharmaceutical companies for our solutions, which will help companies streamline their drug discovery processes, increasing the probability of technical success of new molecules entering the clinic. PeDAL provides an additional decision making tool to oncology drug development companies as they decide which tumor types to invest in and pursue." The Company expects to sign new partners this year and establish a new revenue stream from PeDAL-powered projects. POAI will initially roll out its services to the existing network of pharmaceutical companies already working with POAI. The Company expects to begin generating revenue from its PeDAL platform later this year.
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DCGO | Hot Stocks07:42 EST DocGo to acquire three ambulance licenses, assets - DocGo announced it has entered into an agreement to acquire three ambulance licenses and additional assets from Mid Atlantic Care, a medical transportation provider with operations in Delaware, Maryland and Pennsylvania. This expansion enables DocGo to provide basic life support, advanced life support and specialty care transport services to the residents of Delaware through its mobility platform, Ambulnz by DocGo, with plans to expand to Maryland and Pennsylvania soon after.
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AVCT CLNFF | Hot Stocks07:41 EST AVCtechnologies agrees to sell Computex Technology Solutions to Calian - American Virtual Cloud Technologies (AVCT) announced it has executed a definitive agreement to sell its Computex Technology Group business to Calian Group (CLNFF), which will complete AVCtechnologies' transition to a pure-play cloud communications and collaboration company, centered on its premium Kandy platform. The proceeds from the sale along with use of cash on hand are expected to leave AVCtechnologies debt-free. Darrell Mays, CEO of AVCtechnologies, said "Our white-label relationships with key telecommunication companies and technology vendors, global carrier-grade connectivity, and proven SD-WAN integration position AVCtechnologies as a premier cloud communications provider poised to gain market share... We have been pleased with the growth of Computex's VAR and Managed Services businesses since acquiring the business in 2020; however, with our newly dedicated focus on our core Kandy cloud communications and collaboration technologies, we decided to divest Computex and believe the business will continue to thrive under Calian's ownership," said Mays. The closing of the transaction is subject to shareholder approval and other customary closing conditions.
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ORGS | Hot Stocks07:39 EST Orgenesis reaches milestone in collaboration with Hospital Infantil - Orgenesis announces it has achieved its latest milestone in the second phase of its collaboration with the Hospital Infantil Universitario Nino Jesus in Madrid, Spain. The milestone has been achieved by completing the placement of an Orgenesis Mobile Processing Unit and Lab on site. This OMPUL is the first in Europe that has been designed specifically to process Tumor Infiltrating Lymphocytes and Mesenchymal Stem Cells. OMPULs are multi-purpose mobile autonomous good manufacturing practice facilities intended to develop, optimize and process cell and gene therapies at the point of care. Orgenesis first signed a research and development collaboration with Hospital Infantil Universitario Nino Jesus in May 2020, which was established to create a point-of-care center. The OMPUL was delivered in January 2022 and is expected to be operational following certification by the Spanish health authorities and regulatory bodies, which is anticipated in Q2, 2022. The manufacture and processing of TILs at the point of care is expected to lead to significant development and manufacturing cost reductions for the Hospital. In turn, the OMPUL is also expected to contribute to a significant reduction in the cost of goods of other cell therapies, including the Celyvir therapy, an MSCs based therapy which was licensed from the Hospital in March 2021. The cost of goods has been a major industry barrier to delivering TILs and other cell therapies to patients, many of whom have few alternative therapeutic options.
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ADS | Hot Stocks07:37 EST Alliance Data reports December net charge offs 4.5% vs. 4.6% last month - Reports December delinquency ratio 3.9% vs. 3.9% last month.
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BIIB ESALY | Hot Stocks07:37 EST Biogen, Eisai provide update on Phase 4 ENVISION study of ADUHELM - Biogen Inc. (BIIB) and Eisai (ESALY) announced additional details about the Phase 4 post-marketing confirmatory study, ENVISION, of ADUHELM 100 mg/mL injection for intravenous use in early Alzheimer's disease, including details of the study's goal for diverse enrollment and primary endpoint. Biogen aims to enroll 18 percent of U.S. participants in ENVISION from Black/African American and Latinx populations. This goal is reflective of Biogen's ongoing commitment to increase diversity in clinical trials. Biogen will implement multiple strategies to help overcome barriers to diverse patient enrollment in Alzheimer's disease trials, such as, lack of access to medical centers, familiarity with benefit/risk profile of treatment, and financial or logistical burdens. The companies also announced hat the primary endpoint for the global, placebo-controlled ENVISION trial will be measured by the Clinical Dementia Rating-Sum of Boxes at 18 months after treatment initiation with ADUHELM. The CDR-SB endpoint is a validated measure of both cognition and function that is widely used in clinical trials of patients with early symptomatic Alzheimer's disease, is consistent with ADUHELM's Phase 3 EMERGE and ENGAGE studies, and capable of generating robust outcomes. The update also includes an increase in the previously announced enrollment, from 1,300 to 1,500 people with early Alzheimer's disease, with confirmation of amyloid beta pathology, to further strengthen the data provided by the study. Although ENVISION and other ADUHELM clinical trials are already planned or underway, the Centers for Medicare and Medicaid Services recently released a draft National Coverage Determination, which would restrict Medicare coverage of ADUHELM and other amyloid-targeting therapies to patients enrolled in an additional clinical trial. Biogen is committed to engaging with CMS to avoid unnecessary duplication of clinical trials and work towards finding a path to offer immediate access to patients to the first FDA approved treatment for Alzheimer's disease since 2003. In addition to the primary endpoint, CDR-SB, secondary endpoints include Alzheimer's Disease Assessment Scale-Cognitive Subscale, Alzheimer's Disease Cooperative Study - Activities of Daily Living Inventory - Mild Cognitive Impairment Version, Integrated Alzheimer's Disease Rating Scale, Mini-Mental State Examination and Neuropsychiatric Inventory. The initiation of patient screening for ENVISION is planned for May 2022. Based on enrollment rates from the previous Phase 3 trials with ADUHELM, the primary completion date is expected to be approximately four years after the study begins. The companies are grateful to the healthcare professionals, medical centers, patients and families who will participate in this trial. Previously, in July 2021, the companies set another substantial diversity goal in the observational Phase 4 ICARE AD trial, which aims to enroll a total of approximately 6,000 patients.
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ITMZF | Hot Stocks07:36 EST Intema signs agreement to acquire Livestream Gaming for $14.75M - Intema Solutions announces the signing of a definitive share purchase agreement dated January 27, 2022 with Livestream Gaming with respect to a proposed transaction, whereby Intema will acquire all of the issued and outstanding securities in the capital of Livestream. Livestream is a private corporation which owns LOOT.BET, a licensed server-based real-money gaming platform and a top brand in the world of esports betting. Pursuant to the Transaction, Intema will acquire all of the issued and outstanding Livestream Securities for a consideration of $14,750,000 to the Livestream securities holders on the closing date as follows: $8M in cash, $4M by the issuance of a secured vendor take back note of Intema bearing 12% interest from the date of any default, and the issuance of 6,470,588 common shares of Intema. In addition, Intema will pay Livestream securities holders up to an additional $3M in cash, subject to the achievement of the following milestones: $1,500,000, if Livestream generates minimum gross gaming revenue of $7,500,000 during the 12-month period following the closing date, and an additional $1,500,000, if Livestream generates minimum gross gaming revenue of $11,250,000 during the 13- to 24-month period following the closing date. The Corporation expects the transaction to close on or about February 7, 2022, after receiving final regulatory approval.
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REAX | Hot Stocks07:36 EST The Real Brokerage Inc. launches operations in Ontario - The Real Brokerage has launched operations in Ontario, Canada. This is the second Canadian province Real is operating in, in addition to 40 states and the District of Columbia in the U.S. As part of the launch, broker Scott Benson has been named Real's Canada Growth Leader. Real also appointed real estate broker Melissa Puklicz as Broker of Record for Ontario. Puklicz began her career in real estate in 2006, working for numerous brokerages including Royal LePage, Sutton Group Quantum and Century 21.
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VVOS | Hot Stocks07:34 EST Vivos Therapeutics files for U.S. patent related to clinical methods, protocols - Vivos Therapeutics announced the filing of a U.S. patent application related to certain new and enhanced clinical methods and protocols developed within Vivos' proprietary Vivos Method treatment for OSA. The Vivos Method, inclusive of the Vivos System, seeks to treat OSA through a combination of Vivos' proprietary oral appliances and devices as well as proprietary clinical methods and protocols. This new patent application was based on early field data which revealed an additional 58% average improvement in Apnea Hypopnea Index score reductions in OSA patients who had received treatment with the Vivos Method where the revised clinical protocols were implemented. The Vivos Continuous Clinical Improvement Program is a multidisciplinary effort by numerous medical, dental, and other healthcare professionals who passionately share the Vivos mission of "ridding the world of obstructive sleep apnea". Initiatives seeking further clinical enhancements and outcomes are overseen by Vivos personnel working in close collaboration with the members of Vivos' Medical and Clinical Advisory Boards, outside university clinicians and researchers, and through collaboration with other companies with innovative and complimentary technologies.
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SHCR | Hot Stocks07:33 EST Sharecare awarded three-year NCQA Population Health Program Accreditation - Sharecare has received three-year accreditation by the National Committee for Quality Assurance for its population health management platform, including programs for coronary artery disease, heart failure, asthma, diabetes, and chronic obstructive pulmonary disease. NCQA Accreditation standards are developed with input from various stakeholders and resources: health plans, population health management industry leaders and organizations, an expert panel and standing committees.
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STBA | Hot Stocks07:33 EST S&T Bancorp raises quarterly dividend to 29c from 28c per share - S&T's Board of Directors approved a quarterly cash dividend of 29c per share on January 24. This dividend compares to 28c per share dividend declared in the same period in the prior year. The dividend is payable February 24 to shareholders of record on February 10.
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BBIO | Hot Stocks07:32 EST BridgeBio doses first patient in Phase 1/2 trial of BBP-631 - BridgeBio Pharma announced that the first patient has been dosed in ADventure, its Phase 1/2 clinical trial of BBP-631, an investigational adeno-associated virus 5 gene therapy for the treatment of classic congenital adrenal hyperplasia. CAH is one of the most prevalent genetic diseases, with more than 75,000 cases estimated in the United States and European Union. The Phase 1/2 open-label study is designed to evaluate the safety, tolerability and pharmacodynamic activity of the company's AAV5 gene therapy, BBP-631, in adults with classic CAH. In the initial dose-finding phase of the study, each subject will receive a single intravenous infusion. The primary outcomes of the study are safety, as well as change from baseline in endogenous cortisol levels which BBP-631 has the unique potential to restore. Change from baseline in steroid biomarkers for hydroxyprogesterone levels and androstenedione levels will also be measured. Preclinical proof-of-concept data have shown the approach provides efficient and persistent delivery of functional 21-hydroxylase enzyme to the adrenal gland. BridgeBio's investigational AAV5 gene therapy for CAH is one of the Company's 14 programs that are in the clinic or commercial setting for patients living with genetic diseases and cancers. Initial Phase 1/2 data readouts of the Company's AAV5 gene therapy for CAH and the Company's AAV9 gene therapy for Canavan disease are expected in the second half of 2022.
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AFYA | Hot Stocks07:30 EST Afya announces new share repurchase plan - Afya announced that, after the completion of its second share repurchase program, that resulted in the purchase of 1,383,108 Class A common shares, its board of directors has approved a new share repurchase program. Under the share repurchase program, Afya may repurchase up to 1,874,457 of its outstanding Class A common shares which represents 4 % of its free float, in the open market, based on prevailing market prices, or in privately negotiated transactions, beginning on January 27 until the earlier of the completion of the repurchase or December 31 depending upon market conditions.
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WHD | Hot Stocks07:28 EST Cactus increases quarterly cash dividend to 11c per share - Cactus announced that its board of directors approved an increase in the quarterly cash dividend to 11c per share of Class A common stock with payment to occur on March 17 to holders of record of Class A common stock at the close of business on February 28. A corresponding distribution of up to 11c per CW Unit has also been approved for holders of CW Units of Cactus Wellhead.
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KEX | Hot Stocks07:26 EST Kirby provides updated outlook for FY22, sees 'strong momentum building' - Commenting on the 2022 full year outlook, Grzebinski said, "After a very challenging year in 2021, we are encouraged by the strength of the ongoing economic recovery, the favorable outlook for inland barging and the oil and gas markets, and the continued growth in demand for our products and services. Although there are still some uncertainties surrounding the COVID-19 Omicron variant which are currently impacting our operations, we see strong momentum building and expect all of our businesses to deliver significantly improved financial results in 2022... In inland marine, 2022 guidance contemplates favorable market conditions with continued economic growth, increased volumes from new petrochemical plants, and minimal new barge construction across the industry... However, growth in the first quarter is expected to be modest in the low single digit percentage range due to the impact of winter weather and the COVID-19 Omicron variant which is resulting in crewing challenges, lost revenue, and incremental costs. Operating margins are expected to range in the low double digits to the mid-teens during the year, with the first quarter being the lowest. In coastal marine, customer demand is expected to modestly improve in 2022 as refined products and black oil transportation volumes continue to recover from the impact of the pandemic... However, pricing is expected to remain challenged due to underutilized barge capacity across the industry. For the full year, coastal revenues are expected to be down in the mid-single digits compared to 2021, with the impact of the Company's exit from the Hawaii market and anticipated reductions in coal shipments being partially offset by improved spot market utilization. In distribution and services, economic growth and strong oilfield fundamentals are expected to improve activity levels and contribute to a 30 to 40% year-over-year increase in revenues... Overall, operating margins in distribution and services are expected to improve to the mid-single digits as the year progresses. First quarter operating margins are expected to be the lowest of the year and similar to or slightly below the 2021 fourth quarter due to the timing of projects and ongoing supply chain delays. Kirby expects 2022 capital spending to range between $170 to $190 million. Approximately $5 million is associated with the construction of new inland towboats, and approximately $145 to $155 million is associated with maintenance capital and improvements to existing inland and coastal marine equipment and facility improvements. The balance of approximately $20 to $30 million largely relates to new machinery and equipment, facility improvements, and information technology projects in distribution and services and corporate. Overall, Kirby expects to generate net cash provided by operating activities of $400 million to $480 million, with free cash flow of $210 million to $310 million in 2022."
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LBPS | Hot Stocks07:26 EST 4D pharma announces additional data from Part A of MRx-4DP0004 trial - 4D pharma announced additional clinical data from Part A of its Phase I/II trial of MRx-4DP0004, an orally-delivered single strain Live Biotherapeutic being developed for the treatment of asthma. The company previously reported topline safety and efficacy data from Part A, and announced additional details of these results. The Phase I/II trial is a multi-center, double-blind, placebo-controlled study in patients with partly controlled asthma taking long-term medication. The primary endpoint of Part A was to evaluate the safety and tolerability of MRx-4DP0004. Secondary endpoints evaluating clinical activity include Asthma Control Questionnaire, use of short-acting beta agonist rescue medication, Asthma Quality of Life Questionnaire, lung function, and exacerbations. As previously announced, Part A met the primary endpoint and the safety profile of MRx-4DP0004 was comparable to placebo. In addition, MRx-4DP0004 showed activity across multiple secondary endpoints compared to placebo, generating promising preliminary signals of clinical activity which support progression into Part B of the Phase I/II study. Part B is expected to enroll up to 90 patients and will assess clinical efficacy in addition to exploratory immune and microbiome biomarkers. Part A of the Phase I/II clinical trial enrolled 34 patients, randomized 1:1 to receive oral MRx-4DP0004 or placebo twice daily for 12 weeks, in addition to their usual maintenance therapy of inhaled corticosteroids with or without long-acting beta agonist. MRx-4DP0004 achieved the primary endpoint of safety and tolerability in combination with ICS and LABA. Overall, 61.1% of patients receiving MRx-4DP0004 experienced any adverse event compared to 75% of patients receiving placebo, of which only two were possibly related to MRx-4DP0004. All AEs were mild or moderate in severity. No serious adverse events related to treatment were reported. At all timepoints throughout the treatment period, a significantly greater proportion of MRx-4DP0004 treated patients experienced reductions from baseline in Asthma Control Questionnaire score, as compared to placebo. At end of treatment, 83.3% of patients receiving MRx-4DP0004 experienced reductions in ACQ-6 score, compared to 56.3% in the placebo arm. The proportion of patients with reductions in ACQ-6 score at end of treatment will be the primary endpoint for Part B of the Phase I/II trial. Moreover, at end of treatment, 50% of patients receiving MRx-4DP0004 experienced reductions from baseline in ACQ-6 scores of 0.5 or more, compared to 37.5% in the placebo arm. At the end of treatment, 50% of patients receiving MRx-4DP0004 reduced their use of SABA, compared to 18.8% of patients receiving placebo. Overreliance on SABA rescue medication is associated with a greater risk of exacerbations, hospitalizations and mortality, and reduced SABA use is a key indicator of improved asthma control. Overall, 50% of patients receiving MRx-4DP0004 experienced a clinically meaningful increase in Asthma Quality of Life Questionnaire scores of 0.5 at end of treatment, compared to 31.3% receiving placebo. MRx-4DP0004-treated patients' quality of life continued to improve over the treatment period. Mean measures of lung function including forced expiratory volume in the first second, peak expiratory flow and ratio of FEV1 to forced vital capacity for both MRx-4DP0004 and placebo treatment arms generally remained within normal ranges from baseline to end of treatment. One of 18 patients randomized to MRx-4DP0004 experienced an asthma exacerbation, compared to two of 16 patients randomized to placebo.
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LICY GM | Hot Stocks07:25 EST Li-Cycle expands partnership with Ultium Cells for recyling facility operation - Li-Cycle (LICY) will operate its sixth and largest lithium-ion battery recycling Spoke facility at the Ultium Cells battery cell manufacturing mega-factory site in Warren, Ohio. Ultium Cells is a joint venture between General Motors (GM) and LG Energy Solution. The company's new Spoke facility will be co-located on the same site as Ultium Cells' battery cell manufacturing mega-factory currently under construction in Warren, Ohio and will support Li-Cycle's previously announced multi-year agreement to process the battery manufacturing scrap from that mega-factory. Ultium Cells will construct a new building for the company's recycling facility, and Li-Cycle will install and operate its proprietary Spoke technology and equipment at the facility after construction is complete. The company expects its Ohio facility to substantially reduce the costs associated with moving and handling battery manufacturing scrap materials, given its proximity to Ultium Cells' mega-factory. Once complete, Li-Cycle's Ohio Spoke facility will have the capacity to process up to 15,000 tons of battery manufacturing scrap and battery materials per year, bringing Li-Cycle's total global recycling capacity to 55,000 tons of lithium-ion battery input per year. The Spoke facility is expected to be operational in early 2023 and is anticipated to create at least 35 new jobs.
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EVGO CBL | Hot Stocks07:22 EST EVgo, CBL & Associates announce retail partnership - EVgo (EVGO) and CBL Properties (CBL) announced a partnership to add EVgo fast charging to select retail locations, including the first EVgo station in Kansas. The partnership supports EVgo's plans to expand its public network in response to increased demand for EV charging in new markets and the growing segment of EV drivers that rely on public charging. Visitors to the EVgo stations at CBL Properties can charge up to 80% in 15-45 minutes.
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GECC | Hot Stocks07:21 EST Great Elm Capital announces 6-for-1 reverse stock split - Great Elm Capital has approved a 6-for-1 reverse stock split of the company's outstanding common stock. As a result of the reverse stock split, every six shares of the company's issued and outstanding common stock will be converted into one share of issued and outstanding common stock. No fractional shares will be issued as a result of the reverse stock split. Any fractional shares to be received as a result of the reverse stock split will be redeemed for cash at the closing market price on the business day immediately prior to the effective date of the reverse stock split. The reverse stock split is expected to be effective for trading purposes on February 28.
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MNOV | Hot Stocks07:21 EST MediciNova receives Notice of Intention to grant for a new patent from EPO - MediciNova announced that it has received a Notice of Intention to Grant from the European Patent Office for a pending patent application which covers MN-166 for the treatment of alcohol use disorder. Once issued, the patent maturing from this allowed patent application is expected to expire no earlier than May 2037. The allowed claims cover a method of treating a patient diagnosed with alcohol use disorder in which the patient also exhibits symptoms of depression with MN-166. The allowed claims cover a wide range of dosage strengths and dosing regimens of MN-166. The allowed claims also cover combination therapies of MN-166 and one or more other therapeutic agents.
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GDEV | Hot Stocks07:19 EST Nexters enters agreements to acquire three companies, upfront investment $100M - Nexters announced its first-ever series of acquisition and investment deals as a publicly traded company in relation to Cubic Games, RJ Games, and Royal Ark. "With a total upfront investment of around $100M, Nexters will bring the world's No. 3 mobile first-person shooter Pixel Gun 3D and other titles within its product offering, amplifying Nexters' position in midcore, the leading segment of mobile gaming," the company said. By expanding its portfolio of midcore games, the company expects to enlarge its player base and significantly cement its presence in the segment. Cubic Games deal rationale and transaction details: Cubic Games is the publisher of Pixel Gun 3D, a No. 3 mobile first-person multiplayer shooter game by monthly players with over 170M cumulative downloads since its release in 2013. Both Pixel Gun 3D and Cubic Games are owned by Gracevale. Transaction details: Nexters will acquire 100% of the issued share capital of Gracevale Ltd. for a total consideration of $70M on a cash and debt free basis, and subject to certain KPIs. As part of the transaction, Nexters will also acquire Lightmap Studio. After the transaction is completed, Lightmap will enter the Nexters group of companies and will proceed to take part in the development of Pixel Gun 3D. The transaction is expected to be completed in Q1 2022. RJ Games deal rationale and transaction details: RJ Games is owned by MX Capital Limited. The team is primarily focused on Puzzle Breakers. Puzzle Breakers is planned for the official release in Q2 2022. Transaction details: Nexters will acquire 48.8% of the issued share capital of MX Capital Limited from Everix Investments Limited. The initial consideration for the acquired stake will be $15 million. Further earn-out payments of up to $35M may increase the consideration depending on achievement of certain agreed metrics by MX Capital Limited.Nexters has agreed with the remaining shareholder of MX Capital Limited, MSRJ LTD, to put and call options allowing Nexters to consolidate 100% in MX Capital Limited in the first half of 2024. As part of the transaction, Nexters will also provide a loan to MX Capital Limited in the amount of up to $46M that will be secured by a pledge of shares in MX Capital Limited owned by the remaining shareholder. The transaction is expected to be completed in Q1 2022.
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EXTR | Hot Stocks07:19 EST Extreme Networks designated Super Bowl LVI official wi-fi analytics provider - Extreme Networks is again the Official Wi-Fi Analytics Provider of Super Bowl LVI, set to take place on February 13 in Inglewood, California. This marks Extreme's ninth consecutive Super Bowl as an official provider of Wi-Fi analytics. ExtremeAnalytics is deployed at 29 of 30 NFL stadiums. SoFi is one of nine NFL stadiums using Extreme Venue Analytics 2.0, a custom solution designed for the NFL. Based on Extreme insights, NFL teams, on average, saw a 22 percent increase in peak throughput of data and a 31 percent increase in transfer speed of data during games this season in comparison to the 2019 season. ExtremeWireless access points are currently deployed at 12 NFL stadiums.
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GLTO | Hot Stocks07:18 EST Galecto publishes safety, efficacy results of GB0139 trial - Galecto announced the publication of the full results of an investigator-initiated open and randomized trial to evaluate Galecto's inhaled galectin-3 inhibitor, GB0139, in hospitalized patients with COVID-19 infection who required oxygen but not mechanical ventilation, compared to patients only on standard of care. Galectin-3 plays a key role in COVID-19-related acute lung injury, cytokine storm, T-cell exhaustion and organ micro-thrombosis, and the results from this trial suggest that GB0139 has the potential for treatment of viral induced acute respiratory distress syndrome and acute lung injury. The study met its primary endpoint of safety as there were no observed treatment-related adverse events. Despite patients having a mean age of 65 years, mean BMI of 32, multiple comorbidities, and being breathless, all patients were able to effectively inhale GB0139 and achieve pharmacologically relevant plasma levels. Target engagement was confirmed with a statistically significant reduction in serum galectin-3 levels. The study showed that GB0139 on top of standard of care may rapidly decrease markers of inflammation linked to the cytokine storm, inflammation-associated micro-thrombosis and those of short or long-term fibrosis. Patients treated with GB0139 had a significantly greater rate of decline in oxygen requirement versus standard of care alone and showed other signs of reduced organ damage. These effects were further accentuated in a subgroup of patients with moderate-to-severe disease who were at higher clinical risk. These patients showed multiple signs of improved immune-mediated viral responses as well as decreased lymphocyte exhaustion and decreased level of profibrotic macrophages. A 21% reduction of mortality was observed in this subgroup of patients at high clinical risk. The GALACTIC-1 trial is a Phase 2b, 52-week randomized, double-blind, multicenter, parallel, placebo-controlled trial investigating the safety and efficacy of GB0139 in patients with IPF, with the rate of decline of forced vital capacity as the primary endpoint. Based on blinded FVC data from patients in this trial, the Company has determined that it may be possible to demonstrate a meaningful effect with fewer than the planned target of up to 210 randomized patients. As a result of this statistical analysis, the Company plans to seek regulatory approval of a protocol amendment to reduce the target patient population for the GALACTIC-1 trial, which would enable Galecto to maintain the cost structure of the trial and report topline results in mid-2023, as previously reported. The research article is titled "GB0139, an inhaled small molecule inhibitor of galectin-3, in COVID-19 pneumonitis: A randomised, controlled, open-label, Phase 2a experimental medicine trial of the safety, pharmacokinetics, and potential therapeutic value."
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ADS | Hot Stocks07:17 EST Alliance Data sees FY22 revenue growth aligned with receivables growth - Sees FY22 net interest margin steady on full year basis vs. 2021.
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EXTR | Hot Stocks07:16 EST Extreme Networks partners with Manchester United for in-stadium fan experience - Extreme Networks announced a multiyear partnership with Manchester United serving as the club's Official Wi-Fi Network Solutions Provider and Official Wi-Fi Analytics Provider. The installation of Extreme Wi-Fi 6 access points at Old Trafford will begin later this year. Additionally, Extreme will help Manchester United access real-time network analytics to drive more personalized and informed decisions around both the fan experience and overall venue operations. ExtremeAnalytics provides Manchester United with data sets and insights around performance and usage, dwell time and location-based services, in real-time.
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ATAI | Hot Stocks07:16 EST Atai Life Sciences to partner with Dalriada - Dalriada Drug Discovery is pleased to announce a strategic collaboration with atai Life Sciences' newly launched platform company Invyxis, focused on developing next-generation small molecule therapies based on psychedelics and related compounds for mental health disorders. The goal of the partnership is to establish a diversified pipeline of new chemical entities designed to improve upon current compounds in clinical and preclinical development to treat these disorders. Initial work will focus on designing novel compounds aimed at the serotonin 5-HT2A receptor with other central nervous system targets to follow. In addition to the creation of the pipeline, the collaboration critically includes the creation of a substantial pharmacology platform that will enable deep interrogation of known and novel compounds at a target level. As part of the collaboration, Dalriada assumes responsibility for the discovery R&D programs, including the hit identification, hit to lead, and lead optimization stages up to the nomination of the development candidate. atai will be responsible for the preclinical and clinical development.
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ADAG | Hot Stocks07:16 EST Adagene doses first patient in combination cohort of ADG106 with ADG116 - Adagene announced the first patient has been dosed in a combination cohort of its anti-CD137 agonist, ADG106, with its anti-CTLA-4 monoclonal antibody, ADG116, in patients with advanced/metastatic solid tumors. The dose escalation cohort will evaluate the safety and tolerability of this novel, proprietary combination in patients with advanced/metastatic solid tumors. The combination is part of an open-label, global phase 1b/2 clinical trial at multiple sites in the U.S. and Asia Pacific. The combination part begins with dose-escalation, followed by dose expansion once a recommended dose is established. As single agents, both ADG106 and ADG116 have demonstrated robust safety profiles and early signals of efficacy. In monotherapy trials in 98 patients, ADG106 was well tolerated at doses of 3 mg/kg and 5 mg/kg and at 300mg and 400mg flat doses, with limited liver toxicity or hematologic abnormalities observed. Results showed evidence of efficacy and a potential biomarker associated with tumor shrinkage was identified. In monotherapy evaluation, ADG116 demonstrated a strong safety profile at doses up to 10 mg/kg, and showed early signals of efficacy, including in treatment-resistant "cold" and "warm" tumors such as ovarian and pancreatic cancers. ADG116 has achieved the recommended dosing range as a single agent and for evaluation in combination therapy.
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EXTR | Hot Stocks07:15 EST Extreme Networks and National Hockey League enter multiyear partnership - Extreme Networks and the National Hockey League announced a new multiyear partnership, naming Extreme the Official Wi-Fi Analytics Provider and an Official Wi-Fi Partner of the NHL in the U.S. through 2026. As part of the partnership, Extreme will deploy ExtremeAnalytics across select NHL arenas for visibility into Wi-Fi network performance at cloud speed. The NHL and Extreme also create more personalized, fluid and memorable gameday experiences such as mobile ticketing, cash free concessions, video streaming and playback and in-arena apps.
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BABYF WMT | Hot Stocks07:14 EST Else Nutrition starts selling on Walmart.com - ELSE NUTRITION HOLDINGS announces that its toddler and kids nutrition products are now available for sale on the platform.
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PZG | Hot Stocks07:12 EST Paramount Gold Nevada reports results of metallurgical tests at Sleeper Gold - Paramount Gold Nevada announced the results of metallurgical tests designed to recover gold from sulphide mineralization, which is not included in the current mine plan for its 100% owned Sleeper Gold Project in northern Nevada. As part of Paramount's strategic plan to advance the former high-grade producing Sleeper gold mine towards a production decision, last year the Company initiated metallurgical testing of Atmospheric Alkaline Oxidation for treatment of sulphide mineralization. The objective was to increase "mineable material" to the projected conventional heap leach operation outlined in the existing Preliminary Economic Assessment by evaluating an alternative process to oxidize gold rich, sulphide material. The current PEA, completed in 2015, envisioned a 30,000 tonnes per day heap leach operation that would process oxide and transitional ores only. The PEA anticipated processing over 77 million tonnes of ore containing over 1 million ounces of gold and over 5 million ounces of silver, with a pretax NPV5% of $201.8 million. These figures assumed a gold price of $1,250 per ounce reflecting market conditions at the time the PEA was completed. Recent testing concentrated on the gold rich, sulphide bearing mineralized material not included in the PEA from the West Wood Zone, with composites from core samples grading between 0.32 and 3.35g/t of gold. A total of 14 composite samples were evaluated in various lab conditions at McClelland Laboratories, Inc. in Reno, Nevada. Following successful oxidation of the sulfide material that occurred within 48 hours, initial gold recoveries in lab conditions were excellent, reaching up to 83.4%. The next step in the metallurgical testing is to identify the optimal parameters for the AAO process including but not limited to oxidation time, temperatures, and crush size to emulate heap oxidation. Once the AAO metallurgical testing is complete, Paramount will compare the results with cyanide column leaching tests and results from bio-oxidation testing completed in 2015 that averaged gold recoveries of 76% and up to 81%. Paramount and MDA, a division of RESPEC, will then evaluate various mining and processing scenarios with the intent of completing a new Preliminary Economic Assessment that complies with new SEC SK 1300 disclosure regulations and updates the economic analysis with current gold and silver prices. The PEA will include gold recoveries using conventional heap leaching of the oxide and transitional ore, plus the selected oxidation method to process the remaining higher grade sulphide gold mineralization. The Sleeper restart initiative is one of four value-enhancing programs now in progress at Paramount including final permitting of the high-grade gold Grassy Mountain Project, drilling on the high priority Frost Project and target identification at the Bald Peak Project where drilling is expected later this year.
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CMCSA CMCSK | Hot Stocks07:11 EST Comcast increases share repurchase program to $10B - Comcast announced that it increased its dividend by 8c to $1.08 per share on an annualized basis, up 8% year-over-year. In accordance with the increase, the board of directors declared a quarterly cash dividend of 27c per share on the company's common stock, payable on April 27 to shareholders of record as of the close of business on April 6. In addition, Comcast announced that its board of directors increased its share repurchase program authorization to $10B, effective as of January 1.
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JBLU | Hot Stocks07:10 EST JetBlue sees Q1 CASM ex-fuel will increase 13%-15% YoY - "For the first quarter of 2022, we estimate CASM ex-fuel will increase between 13% to 15% year over three. For the full-year 2022, we expect CASM ex-fuel(2) to increase in the range of 1% to 5% versus 2019. We expect elevated unit costs in the first half, followed by a meaningful improvement in the second half of the year as we plan for our network, operation, and aircraft utilization to settle into a 'new normal' with optimal staffing levels, along with the ramp of our planned cost initiatives. For the full-year, we have repaid a total of approximately $1.9 billion of debt. Our balance sheet continues to be among the strongest in the industry, and we'll continue our balanced approach to capital allocation to drive shareholder value."
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IP | Hot Stocks07:10 EST International Paper sees Q1 tax rate 25%, interest expense $75M - Sees Q1 corporate expense $20M. Comments taken from Q4 earnings conference call presentation slides.
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IP | Hot Stocks07:09 EST International Paper sees 2022 free cash flow $1.3B-$1.5B
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IP | Hot Stocks07:08 EST International Paper sees 2022 net interest expenses $290M, tax rate 25% - Sees 2022 CapEx $1.1B, EBITDA $3.1B-$3.4B.
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RCI | Hot Stocks07:07 EST Rogers Communications: Shaw transaction remains on track to close in 1H22
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HBT | Hot Stocks07:06 EST HBT Financial declares quarterly cash dividend 16c per share - On January 25, 2022, the Company's Board of Directors declared a quarterly cash dividend of $0.16 per share on the Company's common stock. The Dividend is payable on February 15, 2022 to shareholders of record as of February 8, 2022. This represents an increase of $0.01 from the previous quarterly dividend of $0.15 per share.
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IP | Hot Stocks07:05 EST International Paper expects to grow earnings in 2022
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SHW | Hot Stocks07:04 EST Sherwin-Williams sees Q1 consolidated net sales up at LSD-MSD percentage - Consensus $4.93B.
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MCD | Hot Stocks07:03 EST McDonald's reports Q4 system-wide sales up 13%, 14% in constant currencies
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MCD | Hot Stocks07:02 EST McDonald's reports Q4 U.S. SSS up 7.5%, up 13.4% on 2-year basis
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SASR | Hot Stocks07:02 EST Sandy Spring Bancorp board increases quarterly dividend 2c to 34c per share - Sandy Spring Bancorp announced that the board of directors declared a quarterly common stock dividend of 34c per share payable on February 28, 2022 to shareholders of record on February 18, 2022. This dividend is $0.02 more than the previous linked quarter and the first quarter of 2021.
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MCD | Hot Stocks07:01 EST McDonald's reports Q4 global comparable sales up 12.3% - Up 10.8% on a 2-year basis, reflecting positive comparable sales across all segments.
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LUV | Hot Stocks06:52 EST Southwest says reducing Q1 capacity - The company said, "Based on current cost trends and recently reduced capacity plans, first quarter 2022 operating expenses, excluding fuel and oil expense, special items, and profitsharing, are expected to increase in the range of 20 percent to 24 percent on a unit basis5 as compared with first quarter 2019, an increase from the Company's previous guidance of 10 percent to 14 percent. The Company continues to experience cost pressure due to inflation in labor rates and airport costs, as well as unit cost headwinds from operating at suboptimal productivity levels. Additionally, the Company has temporarily extended incentive pay to its Operations Employees through early February 2022, which is expected to result in an additional $150 million of salaries, wages, and benefits expense in first quarter 2022. Furthermore, the Company is reducing its first quarter 2022 capacity to provide additional stability during this challenging environment. Compared with the Company's previous first quarter 2022 unit cost guidance, excluding fuel and oil expense, special items, and profitsharing, approximately half of the estimated unit cost increase is attributable to the temporary incentive pay offered to Operations Employees, and the remaining half is driven by reduced capacity. The Company now expects its first quarter and full year 2022 interest expense to be $90 million and $360 million, respectively, a decrease from its previous expectation of $110 million and $440 million, respectively, due to the Company's adoption of a new accounting standard related to convertible debt. Effective January 1, 2022, the Company adopted Accounting Standards Update (ASU) No. 2020-06, Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity's Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity's Own Equity. As a result of this new standard, the Company will no longer record amortization of the debt discount associated with its convertible notes to interest expense."
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MRK | Hot Stocks06:50 EST Merck: EC approves KEYTRUDA as adjuvant therapy for RCC - Merck announced that the European Commission has approved KEYTRUDA, Merck's anti-PD-1 therapy, as monotherapy for the adjuvant treatment of adults with renal cell carcinoma at increased risk of recurrence following nephrectomy, or following nephrectomy and resection of metastatic lesions. This approval is based on results from the Phase 3 KEYNOTE-564 trial, in which KEYTRUDA demonstrated a statistically significant improvement in disease-free survival, reducing the risk of disease recurrence or death by 32% after a median follow-up of 23.9 months compared to placebo, in patients at increased risk of recurrence.
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NOC | Hot Stocks06:47 EST Northrop Grumman authorizes additional buyback for $2.0B
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GOOG... | Hot Stocks06:46 EST Verily, GSK reach milestone in RA neuromodulation, first patient implant - Five years ago, Verily, a subsidiary of Alphabet (GOOG;GOOGL), and GlaxoSmithKline (GSK) announced they were forming a new research and development-focused company, Galvani Bioelectronics. This new venture would be dedicated to treating chronic conditions, including Rheumatoid Arthritis, RA, through targeted neuromodulation therapies. Yesterday, the companies announced the successful implantation of the first-ever investigational treatment for RA through stimulation of the splenic nerve in a patient. The Galvani neurostimulator is designed to be implanted in a minimally invasive outpatient procedure. After implantation the patient and their care provider are then able to control, monitor, and charge the device as needed to ensure continued potential efficacy. In November 2021, a team of laparoscopic surgeons successfully completed the first implantation of a Galvani device in a patient. Over the last month, therapy was initiated as part of a small clinical study at the NHS Greater Glasgow and Clyde Health Board. At the same time, Galvani has also kicked off a larger U.S.-based study under approval from the FDA. This study will assess the safety and effectiveness of the Galvani platform in the RA patient population.
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VLO | Hot Stocks06:44 EST Valero: Startup of Diamond Green Diesel project expected in 1Q23 - The DGD 2 expansion project at Valero's St. Charles refinery commenced operations in the fourth quarter, on-budget and ahead of schedule. DGD 2's annual renewable diesel production capacity has been increased as a result of process improvement and optimization and now stands at 410 million gallons per year, compared to the 400 million gallons per year design capacity. Total DGD renewable diesel production capacity is now 700 million gallons per year. The DGD project at Valero's Port Arthur refinery, which is expected to have a renewable diesel production capacity of 470 million gallons per year, is progressing ahead of schedule and is now expected to commence operations in the first quarter of 2023, increasing DGD's total annual production capacity to approximately 1.2 billion gallons of renewable diesel and 50 million gallons of renewable naphtha. BlackRock and Navigator's large-scale carbon sequestration project is also progressing on schedule and is still expected to begin startup activities in late 2024. Valero is expected to be the anchor shipper with eight of Valero's ethanol plants connected to this system, producing a lower carbon intensity ethanol product to be marketed in low-carbon fuel markets that is expected to result in a higher product margin. Refinery optimization projects that are expected to reduce cost and improve margin capture are progressing on schedule. The Port Arthur Coker project, which is expected to increase the refinery's utilization rate and improve turnaround efficiency, is expected to be completed in the first half of 2023.
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AIT | Hot Stocks06:37 EST Applied Industrial Technologies raises quarterly dividend to 34c per share - Payable on February 28 to shareholders of record on February 15.
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BREZ | Hot Stocks06:34 EST D-Orbit to become public through Breeze Holdings Acquisition combination - D-Orbit S.p.A. announced that it will become publicly listed through a business combination with Breeze Holdings Acquisition. The transaction values the company at an enterprise value of approximately $1.28B post-money. In connection with the transaction and to help drive D-Orbit's next phase of growth, Breeze Holdings and D-Orbit are partnering with The Charles F. Bolden Group, a consortium of leaders with space and aerospace experience. Following the closing of the transaction, D-Orbit will continue to be led by its founders Luca Rossettini, CEO and Renato Panesi, chief commercial officer. Under the terms of the business combination agreement with Breeze Holdings, D-Orbit S.A., a newly formed joint stock company governed by the laws of the Grand Duchy of Luxembourg will become the parent company of both D-Orbit and Breeze Holdings and will issue ordinary shares to the shareholders of D-Orbit and Breeze Holdings. Upon closing, Holdco's common stock is expected to trade on Nasdaq under the ticker symbol (DOBT). The transaction has been unanimously approved by the boards of directors of both D-Orbit and Breeze Holdings. It is expected to close in Q2 or Q3, subject to the satisfaction of customary closing conditions, including certain governmental approvals and the approval of the shareholders of Breeze Holdings and the contribution of the D-Orbit shares by the D-Orbit shareholders. The transaction is expected to deliver up to $185M in cash at closing, which includes a $29 M binding convertible debt financing provided by ATW Partners. D-Orbit intends to use the proceeds from the transaction to accelerate investments in its ION Satellite Carrier, Advanced Services and space cloud infrastructure capabilities and In-Orbit Servicing solutions, build out its bench of talent to support the development of new technologies and drive expansion into new space segments.
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DB | Hot Stocks06:26 EST Deutsche Bank on track to exceed 2023-end target of at least EUR 200B
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TSCO | Hot Stocks06:08 EST Tractor Supply announces $2B increase to share repurchase plan - The Board also authorized a $2B increase to its existing share repurchase program, bringing the total amount authorized to date under the program to $6.5B. As of December 25, 2021, the company had repurchased 74.2M shares of common stock for approximately $4.16B since the inception of its share repurchase program in 2007.
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BLL | Hot Stocks06:08 EST Ball Corp. says will exceed long-term EPS growth goal of 10%-15% - "Ball is stronger than ever. Despite the adversity we and others have endured, the optimism and resiliency of our team to get packaging products out the door and missions launched into space has allowed us to perform well, take care of one another and create an even brighter future for our company. Our Drive for 10 vision, enduring culture, talented team, capital allocation discipline and strong demand for our sustainable packaging and technologies will enable our ability to replicate our strong performance for decades to come. In 2022 and beyond, we look forward to growing our cash from operations, EVA dollars, returning even more capital to our shareholders and exceeding our long-term diluted earnings per share growth goal of at least 10 to 15%," Fisher said.
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TSCO | Hot Stocks06:07 EST Tractor Supply raises quarterly dividend 77% to 92c per share - The dividend will be paid on March 8 to shareholders of record of the company's common stock as of the close of business on February.
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DOW | Hot Stocks06:06 EST Dow Inc. expects continued demand strength across end markets in 2022 - The company said, "In 2022, we expect continued demand strength across our end markets, supported by growing industrial production and sustained consumer spending," said Fitterling. "We are working hard to normalize operating rates, inventory and service levels following a year of supply constraints and Covid-related logistics challenges. While the global economy continues to be impacted by supply chain pressures, these logistics constraints are expected to ease throughout the year to fulfill elevated order backlogs and pent-up customer demand. As we navigate these near-term dynamics, we will continue to be disciplined in the implementation of our strategy and progress on our higher-return, lower-risk growth projects and efficiency programs. We will also further advance our key sustainability initiatives to decarbonize our assets and capture increasing demand for lower carbon and circular solutions."
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FSBW | Hot Stocks06:05 EST FS Bancorp raises quarterly dividend to 20c from 15c per share - To be paid on February 24 to shareholders of record as of February 10.
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RNLSY... | Hot Stocks06:04 EST Renault-Nissan alliance plans EUR 23B investment in electric cars - Renault (RNLSY), Nissan (NSANY) and Mitsubishi (MMTOF) announced common projects and actions to accelerate and to shape their shared future towards 2030, focusing on the mobility value chain. The Alliance has defined a common 2030 roadmap on pure-EV and Intelligent & Connected mobility, sharing investments for the benefits of its three-member companies and their customers. The Alliance is accelerating with a total EUR 23B more investment in the next five years on electrification, leading to 35 new EV models by 2030. 90% of these models will be based on five common EV platforms, covering most markets, in all major regions. The alliance will pay jointly for a new platform, or underlying car architecture, which will be used for Renault and Nissan models."These are massive investments that none of the three companies could make alone," said alliance chair Jean-Dominique Senard, who also chairs Renault. The companies will work with the same suppliers for key components, and said they aimed to cut battery costs by 65% by 2028.
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MUR | Hot Stocks05:58 EST Murphy Oil increases quarterly cash dividend 20% to 15c per share - The board of directors of Murphy Oil declared a quarterly cash dividend on the common stock of Murphy Oil of 15c per share. The increase represents a 20% increase from the previous quarter. The dividend is payable on March 1 to stockholders of record as of February 14.
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EQIX | Hot Stocks05:38 EST Equinix to form $525M joint venture with GIC to operate two xScale data centers - Equinix announced the signing of an agreement to form a $525M joint venture in the form of a limited liability partnership with GIC, Singapore's sovereign wealth fund, to develop and operate two xScale data centers in Seoul, Korea. This new joint venture will bring the global xScale data center portfolio to more than $8B across 36 facilities, and an expected greater than 720 MW of power capacity when completed and fully constructed. The two facilities under this joint venture, to be named SL2x and SL3x, are expected to provide more than 45 megawatts of power capacity to serve the unique core workload deployment needs of hyperscale companies.
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SAP | Hot Stocks05:31 EST SAP to acquire majority stake in Taulia, terms undisclosed - SAP announced its intent to acquire a majority stake of Taulia, a provider of working capital management solutions. The move is aimed at giving companies better access to liquidity and improving their cash flows. The acquisition further expands SAP's business network. Taulia will operate as an independent company with its own brand in the SAP Group; Cedric Bru will remain CEO of Taulia, SAP CFO Luka Mucic will become chairman of the board. SAP and Taulia agreed not to disclose financial details of the transaction.
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SAP | Hot Stocks05:29 EST SAP sees FY22 cloud revenue up 23%-26% - Sees FY22 free cash flow above EUR 4.5B. Sees FY22 effective tax rate 22%-25%.
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NEW | Hot Stocks05:21 EST Puxin Limited changes effective date for reverse ADS split - Puxin Limited announced that it will change the effective date of its change to the ratio of its American depositary shares, or ADSs. On January 21, Puxin announced that it intended to change the ratio of its ADSs representing ordinary shares from one ADS representing two ordinary shares to one ADS representing 20 ordinary shares effective on or about February 1. In light of current market conditions, Puxin will instead change the ratio of its ADSs effective January 31. For Puxin's ADS holders, the change in the ADS ratio will have the same effect as a one-for-ten reverse ADS split.
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STLA | Hot Stocks05:19 EST Stellantis to increase shareholding in GAC-Stellantis joint venture to 75% - Stellantis announced the plan to increase its shareholding in GAC-Stellantis from 50% to 75%. The announcement is an element of Stellantis' plan to set a new basis for its business in China. GAC Group and Stellantis have agreed to collaboratively complete the relevant formalities of the deal, which remains subject to the approval of the Chinese government. GAC-Stellantis is a joint venture formed between China Guangzhou Automobile, or GAC Group, and Stellantis in March 2010. In September 2021, Stellantis announced that it would create a simplified operating organization "Stellantis Jeep" to develop the brand in China. The JV is now fit to support the efficiency of this integrated "One Jeep" strategy in China, focused on the Changsha manufacturing plant, which is currently preparing to launch the Compass model. GAC Group and Stellantis will continue collaborating closely with each other to grow the brand's profitable business in China.
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NOK | Hot Stocks05:16 EST Nokia, Nordic Semiconductor announce new patent licensing approach - Nokia and Nordic Semiconductor announced a new approach to licensing the use of cellular IoT Standard Essential Patents. Companies purchasing IoT hardware from Nordic will now be given the opportunity to acquire licenses to Nokia's industry leading portfolio of cellular patents. This new agreement, which is the first of its kind, will simplify and speed up the Standard Essential Patent licensing process and provide greater transparency and predictability to companies delivering IoT products and services. Licenses will be available at the end device level and companies will continue to have the option to license direct with Nokia.
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ACN | Hot Stocks05:13 EST Accenture announces investment in Cintoo, terms undisclosed - Accenture has made a strategic investment, through Accenture Ventures, in Cintoo, a provider of solutions used to better manage and leverage 3D data sourced from reality capture devices in the cloud. Cintoo is now part of Accenture Ventures' Project Spotlight, an engagement and investment program that targets emerging technology software startups. Project Spotlight offers access to Accenture's domain expertise and its enterprise clients.
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EVTL | Hot Stocks05:11 EST Vertical Aerospace appoints Domhnal Slattery as non-executive chairman - Vertical Aerospace announced the appointment of aviation industry veteran Domhnal Slattery, as non-executive chairman of Vertical's board of directors. Slattery succeeds Stephen Fitzpatrick as chairman, who has held the combined role of chairman and CEO since Vertical listed on the New York Stock Exchange in December 2021. Slattery has over 30 years' experience in the global aviation finance industry. He is currently the founding CEO of Avolon, the world's second largest aircraft leasing company.
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