Stockwinners Market Radar for February 07, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
TSLA | Hot Stocks20:20 EST Cathie Wood's ARK Investment bought 24K shares of Tesla today
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RBLX | Hot Stocks20:18 EST Cathie Wood's ARK Investment bought 730K shares of Roblox today
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SE | Hot Stocks20:18 EST Cathie Wood's ARK Investment bought 542K shares of Sea Limited today
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LVS | Hot Stocks19:33 EST Las Vegas Sands unveils $1B reinvestment in Marina Bay Sands - The company states: "Marina Bay Sands has embarked on a major reinvestment programme for its existing property, spanning hotel rooms and suites, new food and beverage offerings and other enhancements that will position the Integrated Resort, or IR, for strong growth as the recovery of global tourism continues. The $1B reinvestment is the biggest since the IR's opening in 2010, demonstrating parent company Las Vegas Sands' confidence in Singapore and ongoing commitment to the country's tourism industry. The reinvestment is in addition to the multi-billion-dollar expansion announced in April 2019, which will include the development of a state-of-the-art entertainment arena, an ultra-luxury hotel tower and additional MICE space, adjacent to the current IR. The reinvestment encompasses extensive upgrading of all rooms and suites in Towers 1 and 2 of the Hotel. Renovation works will be completed in phases over 2022 and 2023, transforming the design and significantly elevating the hospitality experience in the luxury travel segment, which is predicted to lead the tourism recovery."
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QTRX | Hot Stocks19:02 EST Quanterix's Simoa technology to power DRI neurodegenerative disease research - Quanterix announced its Simoa(R) technology is powering groundbreaking neurodegenerative disease research at the recently launched UK Dementia Research Institute, DRI, Biomarker Factory, where Professor Henrik Zetterberg, Group Leader at UK DRI at University College London (UCL), is leading an effort to develop the next generation of ultrasensitive tests to increase our knowledge of diseases such as Alzheimer's and other dementias at the earliest possible stages of detection.
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EDIT | Hot Stocks18:10 EST Editas Medicine Chief Medical Officer Lisa Michaels terminated - In a regulatory 8-K filing, the company states: "On February 7, 2022, Lisa Michaels' employment with Editas Medicine, Inc. as Chief Medical Officer was terminated, effective immediately. In connection with the termination, Dr. Michaels will receive compensation in accordance with the Company's amended and restated severance benefits plan. Pursuant to the Severance Plan, Dr. Michaels will receive (i) her base salary for a period of 12 months following the date of her termination, (ii) company contributions to the cost of health care continuation under the Consolidated Omnibus Budget Reconciliation Act for the Severance Period, and (iii) the amount of any unpaid annual bonus determined by the Company's Board of Directors to be payable to her for any completed bonus period which ended prior to the date of her termination."
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SGMO | Hot Stocks18:02 EST Sangamo announces updated phase 1/2 data for ST-920 in Fabry disease - Sangamo Therapeutics "announced updated preliminary results from the Phase 1/2 STAAR clinical study evaluating isaralgagene civaparvovec, or ST-920, a wholly owned gene therapy product candidate for the treatment of Fabry disease. These latest data show that, as of the November 9, 2021 cutoff date, the investigational treatment continued to be well tolerated and that the four longest treated patients continued to exhibit elevated alpha-galactosidase A activity. These data are being presented at the 18th Annual WORLDSymposiumTM in a platform presentation on February 8, 2022 during the 1:30 p.m. Eastern Time session and in a poster presentation available on February 7, 2022 at 6:00 p.m. Eastern Time. As of the cutoff date, elevated alpha-Gal A activity was maintained for the four patients treated in the first two dose cohorts ranging from 3-fold to 15-fold above mean normal at last measurement. For the two patients on enzyme replacement therapy, alpha-Gal A activity measured at ERT trough was 15-fold above mean normal at week 52 and 10-fold above mean normal at week 25. For the two ERT pseudo-naive patients, alpha-Gal A activity was 3-fold above mean normal at week 52 and 4-fold above mean normal at week 40. The two patients in the first dose cohort have now begun the long-term follow-up study. For the first patient in the third dose cohort (3e13 vg/kg), alpha-Gal A activity has increased into mean normal range at week 2. Withdrawal from ERT has been completed for one patient and is planned for the other patient on ERT, based on the stability of their alpha-Gal A activity following treatment. As of the cutoff date, isaralgagene civaparvovec was generally well tolerated across three dose cohorts in the five treated patients. There were no treatment-related adverse events higher than Grade 1 and no treatment-related serious adverse events. No patients experienced liver enzyme elevations requiring steroid treatment."
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ALPMY | Hot Stocks18:02 EST Astellas Pharma announces positive safety data from FORTIS study of AT845 - Astellas Pharma announced positive interim safety data from FORTIS, the Phase I/II clinical trial evaluating AT845, an investigational adeno-associated virus gene replacement therapy to deliver a functional alpha-glucosidase gene to express acid alpha-glucosidase directly in muscle cells in adults with Late-Onset Pompe Disease. "We are pleased that AT845 has been well-tolerated so far in the four adults with LOPD who have received treatment," said Weston Miller, M.D., Senior Medical Director, Clinical Development at Astellas Gene Therapies. "In the two participants in Cohort 1 with follow-up duration through week 24 after dosing, AT845 demonstrated an encouraging safety profile. Importantly, there have been no serious adverse events reported following dosing in any of the four participants as of the time of the data cut. One participant experienced elevated transaminases, which is considered a common immune-mediated treatment response based on the time of onset after dosing, its presentation during steroid taper initiation and its reversal with steroid re-initiation. These safety data are encouraging, and the program continues to enroll participants."
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GOOG GOOGL | Hot Stocks18:00 EST Google co-founder Larry Page sold approximately $80M in company shares - Google parent Alphabet disclosed that Larry Page, co-founder and current board member, has sold approximately $80M in company shares, after shares spiked on its quarterly earnings report and news of a stock split. According to regulatory filings, on February 3 Director and beneficial owner Larry Page sold 6,968 shares at $2,942.82 per share for a total transaction value of $20,505,550; Sold 6,321 shares a $2,891.11 for a total transaction value of $18,274,704; Sold 6,825 shares at $2,948.76 per share for a total transaction value of $20,125,279 and sold another 6,464 shares of company stock at $2,897.82 for a total transaction value of $18,731,480.
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MSI | Hot Stocks17:57 EST U.S. charges China telco Hytera of conspiring with ex-Motorola staff - A federal indictment was unsealed in the Northern District of Illinois, charging a telecommunications company with conspiracy to commit theft of trade secrets. The indictment alleges that a telecommunications company conspired with former employees of Chicago-based Motorola Solutions Inc. to steal digital mobile radio DMR technology developed by Motorola. According to court documents, Motorola Solutions developed the DMR technology through years of research and design. Motorola Solutions marketed and sold the radios, which are sometimes referred to as "walkie-talkies," in the United States and elsewhere. The indictment alleges that PRC-based Hytera Communications Corp. LTD recruited and hired Motorola Solutions employees and directed them to take proprietary and trade secret information from Motorola without authorization. The charges allege that, while still employed at Motorola, some of the employees allegedly accessed the trade secret information from Motorola's internal database and sent multiple emails describing their intentions to use the technology at Hytera. As alleged, from 2007 to 2020, Hytera and the recruited employees used Motorola's proprietary and trade secret information to accelerate the development of Hytera's DMR products, train Hytera employees, and market and sell Hytera's DMR products throughout the world, the indictment states. According to the indictment, Hytera paid the recruited employees higher salaries and benefits than what they received at Motorola. Reference Link
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MNTV ZEN | Hot Stocks17:41 EST JANA Partners says Momentive deal 'wrong path forward' for Zendesk - JANA Partners announced that it has sent a letter to the Zendesk (ZEN) Board of Directors highlighting the flaws in Zendesk's last-ditch effort to justify its proposed acquisition of Momentive (MNTV). Reference Link
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GATX | Hot Stocks17:35 EST GATX CFO Ellman sells $2.7M in company shares - GATX CFO Thomas Ellman disclosed in a filing that he had sold 25,600 shares of company stock at $105.37 per share on February 3, for a total transaction amount of $2,697,449.
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COO | Hot Stocks17:34 EST Cooper Companies to acquire Cook Medical Reproductive Health business for $875M - Cook Medical announced it signed a letter of intent with CooperCompanies to sell the entirety of Cook's Reproductive Health business within the MedSurg division. Under the proposed transaction, CooperCompanies will pay $875M comprised of $675M at closing and $200M paid in four $50M annual installments. The proposed transaction is subject to compliance with applicable local consultation obligations and regulatory approvals. After the closing of the transaction, Cook will continue to manufacture products for CooperSurgical during a two-year transition period and will increase manufacturing capacity to keep up with growth. No manufacturing jobs are at risk because of this partnership. Employees in manufacturing who support these products will continue to do so during the transition period and eventually will cross train to manufacture other Cook Medical products.
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GVA | Hot Stocks17:31 EST Granite awarded $155M project in Utah - Granite announced that Sand Ridge Constructors, a joint venture of Granite and W.W. Clyde & Co., has been awarded the $16.5 million construction manager portion of the 5600 South Progressive Design Build project by the Utah Department of Transportation. The project construction contract is anticipated to be $155M with Granite taking $93M of the total. The construction manager contract was included in Granite's 2021 fourth quarter CAP.
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GOOG GOOGL | Hot Stocks17:24 EST Google co-founder Larry Page sold more approximately $80M in company shares - Google parent Alphabet disclosed that Larry Page, co-founder and current board member, has sold approximately $80M in company shares, after shares spiked on its quarterly earnings report and news of a stock split. According to regulatory filings, on February 3 Director and beneficial owner Larry Page sold 6,968 shares at $2,942.82 per share for a total transaction value of $20,505,550; Sold 6,321 shares a $2,891.11 for a total transaction value of $18,274,704; Sold 6,825 shares at $2,948.76 per share for a total transaction value of $20,125,279 and sold another 6,464 shares of company stock at $2,897.82 for a total transaction value of $18,731,480.
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AMC T | Hot Stocks17:17 EST AMC Entertainment Theaters offers Batman NFTs to advance ticket buyers - AMC Theatres (AMC) announced that all AMC guests who purchase or reserve an advance ticket by end of day EST on February 14, for a showtime of the DC and Warner Bros. (T) upcoming film THE BATMAN through March 6, and scan their ticket in theatre can receive a limited-edition THE BATMAN NFT. Adam Aron, Chairman and CEO, AMC, commented: "We are excited to fill AMC Theatres across the country this March with DC fans enjoying THE BATMAN. Rewarding early ticket purchasers with this limited edition THE BATMAN NFT will deliver fans more of the franchise they love."
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EYES | Hot Stocks17:00 EST Second Sight trading resumes
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YUM | Hot Stocks16:56 EST Yum! Brands raises quarterly dividend 14% to 57c from 50c per share - The quarterly dividend will be distributed March 11 to shareholders of record at the close of business on February 18.
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CHGG | Hot Stocks16:46 EST Chegg jumps 9% to $29.75 after Q4 results, FY22 guidance beat estimates
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SPG | Hot Stocks16:36 EST Simon Property reports occupancy was 93.4% at December 31, 2021 - Compared to 91.3% at December 31, 2020. Base minimum rent per square foot was $53.91 at December 31, 2021.
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NETI | Hot Stocks16:34 EST Eneti unit in deal in NW Europe for a NG2500-class vessels - Eneti announced that, Seajacks UK Limited, a wholly-owned subsidiary of the Company and a leading provider of installation and maintenance vessels to the offshore wind sector, has signed a new contract in NW Europe for between 87 to 113 days of employment for one of its NG2500-class vessels that will generate between approximately $4.8M to $6.2M of revenue in 2022.
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SFNC | Hot Stocks16:34 EST Simmons Bank's application approved by Federal Reserve Bank of St. Louis - Simmons First National announced that the Federal Reserve Bank of St. Louis has approved Simmons Bank's application for its proposed acquisition of Spirit of Texas Bank SSB, the bank subsidiary of Spirit of Texas Bancshares based in Conroe, Texas. The Federal Reserve also accepted Simmons' waiver request with respect to its application for its proposed acquisition of Spirit. The transaction with Spirit, which has already been approved by the organizations' respective boards of directors, is expected to close in the Q2, subject to the satisfaction of customary closing conditions, including, among others, approval of Spirit's shareholders, as well as approval by the Arkansas State Bank Department. Conversion of Spirit of Texas Bank SSB customer accounts into Simmons Bank is expected to take place immediately after closing. Until conversion, customers will continue to be served through their respective Simmons Bank and Spirit of Texas Bank SSB branches, website and mobile apps.
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DEN NRP | Hot Stocks16:32 EST Natural Resource Partners and Denbury execute CO2 Sequestration agreement - Natural Resource Partners (NRP) announced that NRP and Denbury Carbon Solutions, a wholly-owned subsidiary of Denbury (DEN) have executed a CO2 Sequestration Agreement for the evaluation and potential development of a permanent CO2 sequestration site located on Alabama's Gulf Coast. The agreement provides Denbury with the exclusive rights to develop a CO2 sequestration site on approximately 75,000 acres of pore space controlled by NRP in Baldwin County, near Mobile, Alabama. Denbury estimates the total CO2 storage potential of this site to be over 300 million metric tons. Depending on the pace and scale of regional CCUS development, Denbury may consider expanding its existing Gulf Coast CO2 pipeline network to connect to this site. Subject to satisfactory title diligence, Denbury plans to complete a technical evaluation of the site to ensure its suitability for CO2 sequestration, while simultaneously pursuing agreements to transport and store CO2 emissions from nearby existing or planned industrial facilities. Denbury estimates that the site could be ready to receive CO2 injection by 2026.
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MOFG | Hot Stocks16:32 EST MidWestOne CEO Charlie Funk to retire - MidWestOne announced that its CEO Charlie Funk will retire later this year, following a 21-year career with the organization. Funk joined MidWestOne in November 2000 and has served as CEO since March 2008. MidWestOne's board of directors has engaged executive search firm Spencer Stuart to conduct a national search to identify Funk's successor. Funk will remain with MidWestOne until a successor is chosen and in place to ensure a transition. He will continue to serve as a member of the company's board of directors.
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PSX | Hot Stocks16:32 EST Phillips 66, H2 Energy Europe to develop hydrogen refueling network in Europe - Phillips 66 and H2 Energy Europe announced their commitment to develop up to 250 retail hydrogen refueling stations across Germany, Austria and Denmark by 2026 through a 50-50 joint venture between their subsidiaries, Phillips 66 Limited and H2 Energy Europe AG. The agreement is subject to regulatory approvals and customary closing conditions. "The European subsidiaries of Phillips 66 and H2 Energy will leverage their capabilities to develop a retail network, bringing together hydrogen supply, refueling logistics and vehicle demand. The parties aim to supply the retail refueling network with green hydrogen, as available," the companies said. The joint venture's future network of hydrogen refueling stations in Germany, Austria and Denmark will comprise existing JET-branded retail stations as well as new locations on major transport routes. H2 Energy will be responsible for integrating hydrogen production, supply and the refueling apparatus through its wholly owned and affiliated entities. Government support will be required for the implementation of the refueling network.
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RCM | Hot Stocks16:32 EST R1 RCM announces lead director Mandl will not stand for re-election to board - R1 RCM Inc. announced that Alex Mandl informed the company he will not stand for re-election to the R1 board of directors at its next annual meeting of stockholders. Mandl was elected to the R1 board of directors in 2013 and has served as lead director since 2018 and chair of the audit committee since 2015. "Alex has been an invaluable voice of experience on the R1 board and a respected advisor for the R1 leadership team," said Joe Flanagan, president and CEO of R1. "We cannot thank Alex enough for his contributions." R1 also announced that John B. Henneman, III, a member of the R1 board of directors since 2016, has been appointed as lead director, effective immediately.
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GD | Hot Stocks16:31 EST General Dynamics awarded $229M U.S. Army contract - General Dynamics announced that it was awarded a contract by the U.S. Army to develop and produce a certified hand-held device to manage and transfer cryptographic key material and mission planning data. Under this contract, awarded by the Army's Program Executive Office Command, Control, Communications-Tactical, General Dynamics will design and build a National Security Agency-certified key-loader: The Next Generation Load Device-Medium. The initial value of this multiple-award, indefinite delivery, indefinite quantity contract is $229 million, with a 10-year period of performance, during which the U.S. Army plans to procure 265,000 units.
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EYES | Hot Stocks16:31 EST Second Sight, Nano Precision announces all-stock merger agreement - Second Sight Medical Products and Nano Precision Medical announced that they have entered into a definitive agreement under which privately held NPM will merge with a wholly owned subsidiary of Second Sight in an all-stock transaction. NPM will be the surviving company and owned by Second Sight. The resulting company will focus on development of innovative drug and device medical implants that treat chronic diseases with high unmet medical need. Nano Precision Medical, leveraging its proprietary NanoPortal drug implant technology, is creating a portfolio of new drugs that address medication non-adherence, a leading reason for poor clinical outcomes. The NanoPortal implant system combines innovative drug development, engineering and nanotechnology that can deliver minimally fluctuating drug release profiles across a wide range of small molecules, peptides, and monoclonal antibodies. NPM's lead program, NPM-119, is a near clinical stage GLP-1 receptor agonist which is being developed to treat patients with Type 2 diabetes for up to 6 months with a single, tiny subdermal implant. Completion of non-clinical studies to support an Investigational New Drug Application (IND), filing the IND with the Food and Drug Administration and initiation of the First-in-Human clinical study, also known as the LIBERATE-1 trial, are anticipated by late 2022. Upon closing of the transaction, the combined company will be under the leadership of NPM's co-founder, CEO and Chairman, Adam Mendelsohn, Ph.D. In addition to advancing NPM's drug implant portfolio, the company will continue to explore opportunities intended to create artificial forms of useful vision for the profoundly blind. Second Sight is currently developing the Orion(R) Visual Cortical Prosthesis System, an investigational device intended to bring artificial vision to individuals who are blind due to a wide range of causes, including glaucoma, diabetic retinopathy, optic nerve injury or disease, or forms of cancer and trauma. Orion is currently being studied in an early feasibility study at UCLA and Baylor College of Medicine. Second Sight's legacy product, the Argus II, was approved by the FDA for the treatment of retinitis pigmentosa and was the world's first FDA and CE Mark approved device that provides artificial vision to individuals with bare to no light perception. Since the Orion bypasses the optic nerve and directly stimulates the visual cortex of the brain, it has the potential to treat a much larger patient population than that associated with the Argus II. Prior to the merger, Second Sight is providing NPM with $8 million for working capital and to enable acceleration of pipeline programs. The Boards of both companies voted to support the proposed merger agreement. If the proposed merger is consummated, Second Sight shareholders will join NPM shareholders, including AstraZeneca which has been a strategic investor in NPM since 2016. The parties anticipate completion of the merger in 2Q/3Q 2022.
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CMAX | Hot Stocks16:30 EST CareMax names Jose Rodriguez as Chair of board of directors - CareMax announced the appointment of Mr. Jose R. Rodriguez as Chair of CareMax's board of directors, to succeed Mr. Richard A. Barasch, who has resigned from the Board. Mr. Rodriguez has served as a member of CareMax's board of directors since June 2021 and previously served as CareMax's Lead Independent Director. Mr. Barasch will continue to serve as an advisor to CareMax's board of directors.
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COO | Hot Stocks16:27 EST Cooper Companies to acquire Cook Medical reproductive health business for $875M - Cooper Companies announced it has signed a binding letter of intent to acquire Cook Medical's reproductive health business, a manufacturer of minimally invasive medical devices focused on the fertility, obstetrics and gynecology markets. Cooper will pay approximately $875M comprised of $675M at closing and $200M paid in four $50M annual installments. Cook Medical's Reproductive Health business had annual revenues of approximately $158M in calendar 2021, up roughly 17% year-over-year in constant currency. Excluding one-time charges and deal-related amortization, the transaction is expected to be accretive to non-GAAP earnings per share by approximately 60c in the first year after closing. Completion of the transaction is subject to customary closing conditions, including entry into a definitive acquisition agreement and regulatory approvals, and compliance with local consultation requirements.
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USWS | Hot Stocks16:26 EST U.S. Well Services enters into contract with XCL Resources - As previously announced, U.S. Well Services has entered into a contract to provide electric pressure pumping services for XCL Resources, in the Uinta Basin. Under the terms of the agreement, USWS will provide a newbuild Nyx Clean Fleet to work for XCL on a contracted basis for up to three years if all optional extensions are exercised.
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EYES | Hot Stocks16:25 EST Second Sight trading halted, news pending
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RDN | Hot Stocks16:24 EST Radian Group closes 4% higher after blog claims sale being explored - Shares of Radian Group closed 4%, or 90c, higher at $23.28 after Street Insider claimed in an afternoon report that it was told by a source that the company is exploring a potential sale and has hired "a top-tier investment bank to assist with the process." It is uncertain if the strategic review will lead to a sale of the company, the source cautioned, according to the blog's report.
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IRMD | Hot Stocks16:24 EST iRadimed announces $1.00 per share special cash dividend - iRadimed announced that its board of directors approved a special cash dividend of $1.00 per share on the company's outstanding common stock. This special cash dividend is payable on February 24 to shareholders of record at the close of business on February 17.
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UTZ | Hot Stocks16:20 EST Utz Brands names Satyaki Lodh chief information officerr - Utz Brands announced that Satyaki Lodh has been appointed Senior Vice President, Chief Information Officer. Mr. Lodh will lead the Information Technology organization that is enabling technology infrastructure, data, and insights to support the growing national footprint of Utz's brands. He will report to Ajay Kataria, Utz's Executive Vice President and Chief Financial Officer. "Satyaki is a fantastic addition to the Utz team. He has an impressive track record of successfully leading IT operations and delivering effective, leading-edge technology solutions that create business value. He has extensive knowledge of DSD operations and I am confident that Satyaki and his team will execute a focused IT vision and strategy that will help drive profitable growth," said Ajay Kataria, EVP & CFO, Utz Brands, Inc.
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SSD | Hot Stocks16:20 EST Simpson Manufacturing sees FY22 CapEx $65M-$70M - Based on business trends and conditions as of February 7, the company's outlook (excluding Etanco) for the full fiscal year ending December 31, 2022 is as follows: Operating margin is estimated to be in the range of 17.5% to 19.0%. The effective tax rate is estimated to be in the range of 25.5% to 26.5%, including both federal and state income tax rates and assuming no tax law changes are enacted. Capital expenditures are estimated to be in the range of $65M-$70M. While the magnitude and duration of the COVID-19 pandemic and its impact on general economic conditions remain uncertain, the company continues to monitor the impact of the pandemic on its operations and financial condition, which was not significantly adversely impacted in fiscal 2021.
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GKOS | Hot Stocks16:19 EST Glaukos names Joseph Gilliam president, COO - Glaukos announced several executive leadership changes to support the company's future growth and strategic plans. The following executive changes will become effective on April 1, 2022: Joseph Gilliam will assume the new role of President and Chief Operating Officer. Mr. Gilliam has served as Chief Financial Officer and Senior Vice President, Corporate Development since joining Glaukos in May 2017 from J.P. Morgan. Chris Calcaterra will assume the new role of Executive Vice President, Global Commercial Operations. Mr. Calcaterra joined Glaukos in April 2008 as Chief Commercial Officer and has served as Chief Operating Officer since February 2017. Alex Thurman will succeed Mr. Gilliam to become Senior Vice President, Chief Financial Officer. Mr. Thurman joined Glaukos as Vice President, Global Tax and Administration in July 2016 from Allergan and has served as Vice President, Finance since December 2016. Tomas Navratil, Ph.D., will assume the new role of Chief Development Officer. Dr. Navratil has served as Senior Vice President, Research and Development since joining Glaukos in October 2020. "On behalf of the entire Glaukos organization, I am delighted to congratulate Joe, Alex and Tomas on these well-deserved promotions and pledge our full support to them in their new roles that bring expanded leadership responsibilities in alignment with our long-term strategic objectives. I am confident these outstanding and proven leaders will continue to successfully drive Glaukos forward in the next phase of our pioneering journey and help further advance our mission to transform the treatment of chronic eye diseases for the benefit of patients worldwide," said Thomas Burns, Glaukos Chairman and CEO. "At the same time, I want to extend my sincere congratulations to my friend and colleague Chris Calcaterra on his requested transition into his new role. Chris has been instrumental in the growth and development of Glaukos since joining our management team nearly fourteen years ago. I am confident he will continue to play an integral role in our success in his new position that will provide Chris with the opportunity to step back from his day-to-day administrative responsibilities and spend more time with his family, while continuing to focus on our global commercial operations, his deep customer relationships built over the past 35 years and ongoing strategic counsel to our executive and commercial leadership teams."
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BOWL | Hot Stocks16:18 EST Bowlero announces $200M share repurchase program - Bowlero announced that its board of directors has approved a repurchase program for up to $200M of its outstanding shares of Class A common stock and warrants through February 3 . Bowlero plans to repurchase its shares or warrants either in the open market or through privately negotiated transactions. "The authorization to buy back up to $200 million of its shares of Class A common stock and warrants provides the Company with another mechanism to maximize long-term value for our shareholders," said Tom Shannon, Bowlero Corp's Chairman and CEO. "We remain confident in our strategy and believe that our current stock price represents a significant discount to the intrinsic value of the Company. We plan to continue to invest in the acquisition, building and converting of bowling centers, and the repurchase program announced today provides us with additional flexibility to create long-term value for investors. We remain committed to a disciplined capital allocation strategy, including investments in our strategic priorities and return of capital to our shareholders."
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NVST | Hot Stocks16:18 EST Envista renews partnership agreement with Vitaldent Group - Envista Holdings announced that it has renewed its partnership agreement with the Vitaldent Group, a leading Spanish Dental Service Organization, or DSO. Vitaldent is dedicated to providing quality, accessible odontology to patients using the most advanced technology, best treatment, and professional care. This agreement positions Envista as the preferred supplier of implants and clear aligners. Vitaldent has been working with Nobel Biocare and Ormco since 2009 and 2011 respectively.
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VLDR AMZN | Hot Stocks16:18 EST Velodyne Lidar nearly doubles in after-hours after deal for Amazon to take stake
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ADVM | Hot Stocks16:18 EST Adverum Biotechnologies appoints Richard Beckman as CMO - Adverum Biotechnologies announced that Richard Beckman has joined Adverum as the company's chief medical officer, or CMO. Beckman will serve as a member of Adverum's executive committee and will report to Laurent Fischer, president and chief executive officer. Beckman will provide leadership for the company's global clinical development, medical affairs and pharmacovigilance organizations. Most recently, Beckman served as the CMO at ReNeuron, where he oversaw clinical development for pipeline candidates including its human retinal progenitor cell therapy program in retinitis pigmentosa.
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VLDR AMZN | Hot Stocks16:17 EST Velodyne Lidar issues warrant to Amazon to buy up to 39.59M shares - In a regulatory filing, Velodyne Lidar (VLDR) disclosed that the company and Amazon.com (AMZN) entered into a transaction agreement, pursuant to which, among other things, Velodyne agreed to issue to Amazon.com NV Investment Holdings, a wholly owned subsidiary of Amazon, a warrant to acquire up to 39,594,032 shares of the Velodyne's common stock. "The vesting of the warrant shares ... is based on discretionary payments made by Amazon, whether made directly from Amazon, its affiliates or by a third party on behalf of Amazon, pursuant to existing commercial agreements between the company and Amazon or its affiliates, which relate to the use of the company's technology to continue to improve the customer experience, any possible future commercial agreements between the company and Amazon or its affiliates, and the anticipated entry into an agreement between the company and Amazon or its affiliates related to the use of the company's technology," the filing stated. In after-hours trading, Velodyne Lidar shares are up $3.55, or 94%, to $7.32.
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TGI EADSY | Hot Stocks16:16 EST Triumph Group awarded new contract with Airbus - Triumph Group (TGI) announced that its Triumph Interiors operating company has been awarded a new contract with Airbus (EADSY) to design, manufacture and provide full program lifecycle support on the primary thermal acoustic insulation system for the Airbus Canada A220 aircraft. Triumph's global engineering team will provide design solutions while manufacturing and program support will take place at the Triumph Interiors site in Mexicali, Mexico.
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AMGN | Hot Stocks16:16 EST Amgen reports Q4 total product sales down 1% - Total product sales decreased 1% for the fourth quarter of 2021 versus the fourth quarter of 2020. Unit volumes grew 7% but were more than offset by lower net selling price and lower inventory levels. Product sales for the full year were flat versus 2020 with 7% growth in unit volumes offset by a 7% decline in net selling price. Full-year product sales in the U.S. declined 4%, with unit volumes increasing by 3% and net selling price declining by 6%. Full-year product sales outside the U.S. grew 12%, including 36% sales growth in the Asia-Pacific region. "During 2021 there has been a gradual recovery from the COVID-19 pandemic, with patient visits and diagnosis rates approaching pre-pandemic levels by early in the fourth quarter. Late in the year, the Omicron variant began to impact the healthcare sector. As a result, we have seen some shift back to virtual engagement by our field staff, delayed healthcare procedures, and variability in demand patterns."
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BIIB | Hot Stocks16:16 EST Biogen, Xbrane enter license agreement for Xcimzane - Biogen and Xbrane Biopharma announced that they have entered into a commercialization and license agreement to develop, manufacture, and commercialize Xcimzane, a preclinical monoclonal antibody that is a proposed biosimilar referencing Cimzia. Cimzia's primary indication is for rheumatoid arthritis in adults as well as axial spondylarthrosis, psoriasis and Crohn's disease. Under the terms of the agreement, Biogen will gain exclusive global regulatory, manufacturing, and commercial rights to Xcimzane and will be the marketing authorization holder. Under the terms of the agreement, Biogen will make an upfront payment of $8M to Xbrane. Should certain development and commercial milestones be achieved, Xbrane will be eligible to receive up to $80M in potential milestone payments. Xbrane is also eligible to receive tiered royalties. Xbrane will be responsible for the completion of pre-clinical development of Xcimzane and Biogen will be responsible for all remaining development activities and costs required to achieve marketing authorization in all territories, including those for clinical development.
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NUAN MSFT | Hot Stocks16:14 EST Nuance expects merger with Microsoft to close at end of Q1 - The company said, "On April 11, 2021, Nuance (NUAN) entered into an Agreement and Plan of Merger with Microsoft (MSFT). Subject to the terms and conditions of the Merger Agreement, Microsoft, through a wholly-owned subsidiary, has agreed to acquire all of the outstanding shares of Nuance common stock for $56.00 per share in an all-cash transaction. As a result of the Merger, Nuance will cease to be a publicly traded company. The acquisition has been approved by Nuance's shareholders, and we expect it to close by the end of the first calendar quarter of 2022, subject to the satisfaction of certain regulatory approvals and other customary closing conditions."
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NLOK | Hot Stocks16:12 EST NortonLifeLock receives antitrust clearance in Germany for Avast merger - NortonLifeLock announced that its recommended merger with Avast plc has received antitrust clearance from Germany's Federal Cartel Office. Additionally, on February 4, NortonLifeLock was notified that the U.K.'s Secretary of State for Business, Energy and Industrial Strategy would be taking no further action under the National Security and Investment Act of 2021, satisfying another condition to close for the Merger. Subject to the satisfaction or, if applicable, waiver by NortonLifeLock of the outstanding regulatory conditions, the Merger is expected to be completed on February 24.
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FBHS | Hot Stocks16:10 EST Fortune Brands names May Russell chief digital officer - Fortune Brands Home & Security, Inc. (FBHS) announced that May Russell has joined the company as its first-ever chief digital officer. In this newly established role, Russell will lead the company's digital strategy and digital transformation as well as enterprise information technology. "May is an extremely talented executive with experience successfully leading enterprise-wide digital initiatives, and I am so pleased to welcome her to Fortune Brands," said Nicholas Fink, chief executive officer, Fortune Brands. "Our ability to attract an executive of her caliber speaks to the tremendous potential we have for digital transformation within our portfolio and throughout our business." Russell joins Fortune Brands from Ford Motor Company (F), where she most recently served as chief technology officer of Ford Commercial Solutions.
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RMBS | Hot Stocks16:10 EST Rambus sees Q1 billings $64M-$70M - Sees Q1 product revenue $43M-$49M.
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KFRC | Hot Stocks16:09 EST Kforce to increase dividend 15%, share repurchase plan $100M - David M. Kelly, Chief Financial Officer, commented, "We are extremely pleased with our performance in 2021 and believe that our strategic position and the momentum we are carrying into 2022 has positioned us well to continue delivering significantly above-market revenue growth. As revenues have meaningfully expanded, we have also enhanced our profitability as demonstrated by achieving record earnings per share of $3.54, an increase of approximately 35% year-over-year. Our business continues to generate significant operating cash flows and we were again active in repurchasing nearly $10 million of stock during the fourth quarter. Given our confidence in our future growth prospects, we expect to remain active in repurchasing our shares at current stock price levels. To support our intentions going forward, our Board of Directors ("Board") recently approved an increase in share repurchase authorizations under our existing repurchase program to $100 million. As an additional signal of our belief in the strength of our operating trends going into 2022, our Board approved an increase of approximately 15% to our quarterly dividend from $0.26 per share to $0.30 per share, effective in the first quarter. This dividend will be payable on March 25, 2022, to shareholders of record as of the close of business on March 11, 2022."
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FB PYPL | Hot Stocks16:09 EST Meta Platforms says Peter Thiel to retire from board at 2022 shareholder meeting - Meta (FB) announced that Peter A. Thiel, Partner at Founders Fund and PayPal (PYPL) co-founder, has decided not to stand for re-election to the Board of Directors of the company at the company's 2022 Annual Meeting of Stockholders. Thiel has been a member of the company's board of directors since 2005 and will continue to serve as a director until the date of the Annual Meeting.
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KMT | Hot Stocks16:09 EST Kennametal sees FY22 capital spending $110M-$120M - Sees FY22 strong operating leverage; prior year temporary cost controls of approximately $25M; free operating cash flow at approximately 100% of adjusted net income; capital spending $110M-$120M; primary working capital trending toward 30% of sales by year-end; and adjusted ETR 26%-28%.
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TTWO | Hot Stocks16:07 EST Take-Two unable to predict impacts from 'return to normalcy' - "At Take-Two, our number one priority has remained the health and safety of our employees and their families," the company said. "We are taking a prudent approach relating to our return to office cadence and planning. Some of our offices are open, and we plan for the majority of our offices to reopen in the coming weeks. Given the evolving dynamics of the COVID-19 pandemic, we are strictly following protocols from local governments and health officials to ensure that we are adhering to their safety standards. Due to the shelter-in-place orders that began in calendar year 2020, we experienced heightened levels of engagement and Net Bookings growth during our fiscal 2021 period. As the return to normalcy continues to unfold, the impact to our business, operations and financial results will depend on numerous evolving factors that we are not able to predict."
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AIR | Hot Stocks16:03 EST AAR Corp. extends component maintenance deal with IAMCO for NATO AWACS fleet - AAR announced a 10-year extension of its component maintenance, repair, and overhaul contract with International Aerospace Management Company IAMCO, which is responsible for depot-level maintenance for the North Atlantic Treaty Organization's E-3A AWACS aircraft fleet. The services will be performed at AAR's Component Repair facility in Amsterdam. AAR's Amsterdam facility has served IAMCO for two decades and been ranked an "Outstanding Source of Repair" on numerous occasions. "AAR is honored to announce the extension of this long-term service contract," says Eric Bron, AAR General Manager, Component Repair - Amsterdam. "We look forward to continuing a partnership with NATO and providing outstanding service." "IAMCO is very pleased to confirm AAR as one of its sources of repair for component MRO in this extension of the E-3A program," says Bernard Masuy, IAMCO Branch Manager, Components. "AAR's Amsterdam facility proves to be a reliable partner and a strong pillar of the E3A DLM component maintenance program."
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RAM | Hot Stocks16:01 EST Pixlverse, InfiniteWorld announce strategic Web3 partnership - The Web3 metaverse platform the Pixlverse and InfiniteWorld/Aries I Acquisition Corporation announced a new partnership focusing on building out infrastructure around asset creation, gamification, and distribution for Web3. InfiniteWorld will provide asset creation and gamification services, and function as an initial funding partner for Pixlverse. Proving to be one of the most popular metaverse projects, The Pixlverse recently minted all 15k of their Pixl Pets collection in hours and have maintained a steady spot on OpenSea's trending projects with over $6M in secondary sales volume since their release.
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ASTR | Hot Stocks15:17 EST Astra Space aborts ELaNa 41 launch today amid 'telemetry issues' - Astra Space said it is "standing down" from its ELaNa 41 rocket launch attempt today due to "telemetry issues." Astra shares are down 16% in afternoon trading. Reference Link
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PYR | Hot Stocks15:16 EST PyroGenesis announces C$273,000 plasma torch contract - PyroGenesis Canada announces that it has signed a C$273,000 plasma torch contract with a European research center, whose name and origin will remain anonymous for confidentiality and competitive reasons. The contract, valued at approximately C$273,000, is for PyroGenesis to manufacture and deliver a 50-kW methane plasma torch, which will be used by the Client to develop a process to convert hydrocarbons, including methane, into useful chemicals such as olefins, thereby significantly reducing GHGs.
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ASTR | Hot Stocks14:17 EST Astra Space 'keeping options open' on today's launch - Astra Space announced that it is "keeping options open" on today's launch and is hoping to "recycle" it. NASA Spaceflight and Astra are partnering to broadcast the ELaNa 41 mission launch. Astra Space shares are down 8% to $4.93 after the initial launch was aborted.
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KMI | Hot Stocks14:03 EST Kinder Morgan to move forward with construction of SoCal renewable diesel hub - Kinder Morgan announced the receipt of the necessary commercial commitments to move forward with the permitting and construction of a renewable diesel hub in Southern California. Once constructed, the Southern California renewable diesel hub will enable customers to aggregate renewable diesel batches, R99, in the Los Angeles area and move them on SFPP, L.P.'s pipeline system to the high demand markets in Colton and Mission Valley, California, creating up to 20,000 barrels per day of blended diesel throughput capacity at its truck racks with the ability to expand in the future, the company said. "This Southern California renewable diesel hub, and the previously announced Northern California renewable diesel hub, collectively represent an investment by KMI of over $50 million in the distribution of renewable fuels in California, just over half of which was contemplated in the 2022 budget," the company added. Both projects are supported by long-term customer contracts and are expected to be placed in service in the first quarter of 2023. Capacity is limited and available on a first-come, first-serve basis, Kinder Morgan said.
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ASTR | Hot Stocks14:00 EST Astra Space says 'we have time to try again' - Astra Space said via Twitter: "Abort at T-0. Teams are currently reviewing. We have time to try again. Stay tuned." The stock halted for volatility after dropping 9% to $4.84 after the launch of a rocket with four satellites in Florida was delayed.
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ASTR | Hot Stocks14:00 EST Astra Space trading resumes
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CCHWF... | Hot Stocks13:58 EST PA Department of Health recalls some vaporized medical marijuana products - In a notice posted on February 4 by the Pennsylvania Department of Health, the Department noted that it had issued a mandatory recall for a group of vaporized medical marijuana products that it had determined contained some added ingredients that have not been approved for inhalation by the U.S. Food and Drug Administration. Reference Link
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ASTR | Hot Stocks13:55 EST Astra falls 9% to $4.84 after Florida rocket launch is aborted
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ASTR | Hot Stocks13:50 EST Astra Space trading halted, volatility trading pause
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WTRG | Hot Stocks13:46 EST Essential Utilities' Aqua Texas unit to acquire Southern Oaks water system - Essential Utilities Inc. announced that its regulated water subsidiary, Aqua Texas, has signed an asset purchase agreement to acquire the water treatment and distribution system of the Southern Oaks Water System in Freestone County, Texas which serves approximately 740 homes. Southern Oaks will be Essential's second acquisition in Texas using the state's fair market legislation. The FMV legislation, enacted in 2019, allows regulated water companies to pay a fair market value for the purchase of all water and wastewater utilities in Texas including those owned and operated by private investors and municipal governments. Prior to the new law, a system's value previously was determined by its depreciated original cost, which generally did not reflect a true market value for those assets. Aqua Texas anticipates closing the Southern Oaks acquisition in 2023. Including Southern Oaks, the company currently has eight signed purchase agreements for water and wastewater systems, which have a total purchase price of more than $471M and represent approximately 235,000 equivalent retail customers or equivalent dwelling units.
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GRNA | Hot Stocks13:29 EST GreenLight Bioscences agrees to operate field research station in Spain - GreenLight Biosciences announced its agreement to operate a field research station in Spain. Located south of Seville, a key agricultural area with intensive year-round production, the farmland will allow GreenLight to accelerate its transition of research and discovery compounds into the field. GreenLight intends to lease about 10 to 20 hectares to support field trials, plant pathogens, entomology, and office space. The expansion will initially support GreenLight's work in Europe to address crop challenges caused by powdery mildew, botrytis, fusarium, and the Colorado potato beetle.
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TDCX | Hot Stocks12:04 EST TDCX falls -8.9% - TDCX is down -8.9%, or -$1.34 to $13.74.
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CIAN | Hot Stocks12:04 EST Cian falls -11.2% - Cian is down -11.2%, or -$1.02 to $8.08.
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BPT | Hot Stocks12:04 EST BP Prudhoe Bay falls -16.0% - BP Prudhoe Bay is down -16.0%, or -$1.69 to $8.84.
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SAVE | Hot Stocks12:03 EST Spirit Airlines rises 13.7% - Spirit Airlines is up 13.7%, or $2.97 to $24.70.
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KOLD | Hot Stocks12:00 EST ProShares UltraShort Bloomberg Natural Gas rises 15.2% - ProShares UltraShort Bloomberg Natural Gas is up 15.2%, or $4.46 to $33.80.
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BKKT | Hot Stocks12:00 EST Bakkt rises 23.1% - Bakkt is up 23.1%, or $1.00 to $5.33.
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AWEVF INTC | Hot Stocks11:32 EST Alphawave IP enters partnership with Intel Foundry Services - Alphawave IP (AWEVF) is pleased to announce entering a partnership with Intel Foundry Services (INTC). Under the partnership, Alphawave IP has joined the IFS Accelerator - IP Alliance as an anchor member, focused on providing leading-edge connectivity solutions for mutual customers with IFS.
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CFVI SPOT | Hot Stocks11:18 EST Rumble offers Joe Rogan $100M over four years 'with no censorship' - Rumble CEO Chris Pavlovski offered Spotify's (SPOT) Joe Rogan $100M over four years to bring over all of his podcasts, both old and new, "with no censorship." Video platform Rumble and CF Acquisition Corp. VI (CFVI), a special purpose acquisition company sponsored by Cantor Fitzgerald, previously announced that they have entered into a definitive business combination agreement that values Rumble at an initial enterprise value of $2.1B. After closing, which is expected in Q2, the combined company will be called Rumble Inc. and expects to be publicly listed on Nasdaq. Reference Link
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CDNS... | Hot Stocks11:11 EST Cadence, Synopsys, Ansys join Intel Foundry Services Ecosystem Alliance - Cadence Design Systems (CDNS) announced it has joined the new Intel Foundry Services Ecosystem Alliance to support mutual customers with the development and delivery of innovative system-on-chip designs. "As a member of the alliance, Cadence is advancing adoption of Intel process and packaging technologies and Cadence state-of-the-art digital, custom/analog, verification and advanced IC packaging EDA solutions, along with Cadence Design, Verification and Tensilica IP. Using Intel and Cadence technologies, customers can accelerate time to market while reducing design barriers, risk and costs," the company stated. Synopsys (SNPS) also announced that it has joined the newly launched Intel Foundry Services, or IFS, Accelerator EDA and IP Alliance. "As part of our new IDM 2.0 strategy, IFS is partnering with leading companies like Synopsys to create a robust chip design ecosystem that will help our mutual customers turn silicon into sophisticated solutions that positively impact lives. Our silicon design and manufacturing expertise, combined with Synopsys EDA solutions and high-quality IP will lead the way to new innovations that benefit our increasingly digital world," said Randhir Thakur, President, Intel (INTC) Foundry Services. "The alliance gives Synopsys early access to Intel's process roadmap, process design kits and more, providing mutual customers with EDA and IP solutions that are optimized for high reliability, security, power, performance and area for Intel processes and packaging technologies. As a result, customers can minimize design risks and enhance productivity across a wide range of applications, including high-performance computing, artificial intelligence, automotive, aerospace mobile," Synopsys said. In addition, Ansys (ANSS) announced its inaugural partnership to IFS Accelerator - EDA Alliance to provide best-in-class EDA tools and simulation solutions that will support customer innovation, including bespoke silicon for customizable three-dimensional integrated circuit designs. "By leveraging Ansys' market-leading multiphysics solutions, IFS Accelerator will make silicon technology available to customers to design uniquely innovative chips. Ansys' cutting-edge EDA and simulation tools will enable mutual customers to reduce design barriers, minimize design risk and cost, and accelerate time-to-market. The IFS Accelerator will foster collaborative innovation with world-leading EDA, design services and IP partners to provide a comprehensive design ecosystem with premium process technologies, advanced packaging technologies, and manufacturing capabilities," Ansys stated.
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BRKR | Hot Stocks11:04 EST Bruker, IonOpticks enter OEM partnership - IonOpticks has entered an OEM partnership with the Bruker Corporation, allowing Bruker to expand their portfolio of 4D-Proteomics solutions with the release of the Bruker Focus Series columns which will leverage the technology of IonOpticks' revolutionary Aurora Series columns.
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BXC WRK | Hot Stocks11:03 EST BlueLinx appoints Sean Dwyer as chief strategy, corporate development officer - BlueLinx Holdings (BXC) announced the appointment of Sean Dwyer as Chief Strategy and Corporate Development Officer, effective February 14, 2022 and reporting to Dwight Gibson, President and CEO. In this newly created role, Sean will lead BlueLinx's enterprise strategic planning initiatives and mergers and acquisitions efforts to accelerate profitable, sustainable growth. Sean joins BlueLinx after building and leading WestRock Company's (WRK) corporate development function since 2015.
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GMVHF | Hot Stocks10:47 EST Entain acquires Avid Gaming for C$300M - Entain announces that it has acquired Deis Ltd, or "Avid Gaming," for C$300M, or approximately GBP 174M, from Middlebrook Investments Limited. "Avid Gaming owns Sports Interaction, Canada's leading online sports betting brand. It is headquartered in Jersey, with offices in the Mohawk Territory of Kahnawa:ke and Ireland. Avid Gaming exclusively licenses the Sports Interaction trademark and provides proprietary online betting and gaming products and services to the Mohawk Council of Kahnawa:ke ("MCK") and the Mohawk Online socioeconomic initiative. Mohawk Online, which is wholly-owned by the MCK, operates Sports Interaction in Canada. Canada is a highly attractive and fast-growing sports betting and gaming market. Together with Entain's application for an Ontario licence, this acquisition provides an excellent opportunity to drive further growth, in line with the Group's growth and sustainability strategy. Sports Interaction's sports-led offering is highly complementary to Entain's existing Canadian business, comprising the Party and bwin brands. The combination will bring Entain's global scale, expertise and market-leading platform together with Sports Interaction's local expertise, capabilities and partnerships. As a result the combined business will provide customers with a broader offering of engaging products and services for the Canadian market. Will Golby, Avid Gaming's CEO, along with other members of the leadership team, will transition to Entain," the company stated in a notice issued to the London Stock Exchange.
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ENR | Hot Stocks10:36 EST Energizer sees gross margins to 'dip' in Q2, improve in back half of year - Asked about the progression of gross margin through the year on the company's earnings call, Energizer CEO Mark LaVigne said in part: "In November, we were already experiencing inflation and made the assumption on our last call that it would last for all of fiscal '22. At that time, we had already engaged in a number of cost reduction activities as well as pricing that we executed in the marketplace. Since then, the inflationary environment has gotten worse, but we were more aggressive this time. We've executed additional price increases in January in our U.S. battery business. We have executed last week on the Auto Care business. We're also revisiting the international increases where in certain markets, we'll go back a second time, in other markets, we'll just take larger increases on the first round. All of these increases, most of them will be effective at the end of Q2. So as we enter into Q3, we should have the benefit of these price increases, but we will have to work through some of the cost pressures that we'll experience in Q2." CFO John Drabik added: "So the first quarter really went well for us. It played out as we expected. But as the quarter progressed, we continue to experience significant additional inflation... So when you combine that with the continued elevated transportation costs that we're seeing, what we're calling for, for the full year is another incremental 400 basis points of headwinds. And so as Mark talked about the pricing that we've just announced and continue to expect to impact the year, that should give us a benefit on the pricing side in the back half of the year, but we're seeing about 400 basis points of incremental headwinds for the full year. So similar to the dynamic that we saw coming into the year, gross margin rate, we're expecting 50 basis points of incremental headwinds, mostly because of timing and the fact that we're not margining up. So we're passing through the cost but not raising rates. So our expectation is that the pricing and cost actions that we have moved quickly to take this quarter will get us close to our original full year view on gross margin. We delivered first quarter roughly in line with our expectations. We expect to see a dip in the second quarter and then with the pricing coming in, we'll see continued improvement in the back half of the year."
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VVV | Hot Stocks10:33 EST Valvoline pilots EV service offerings in U.S. retail stores - Valvoline has announced that it has begun piloting electric vehicle services in its retail stores. The company said, "These pilots, in a limited number of our retail locations, are the next step in advancing Valvoline's strategy to extend its world-class preventive auto maintenance service model to EV owners, OEMs and fleets." The Valvoline retail service centers that are piloting the program are providing inspection and maintenance-based services such as 12-volt battery replacement, tire rotations, key fob battery replacement, cabin air filter replacement, wiper replacement and state safety inspections. Many of these services are already performed in Valvoline's retail locations but will now be piloted with a specific focus on electric vehicles. Phase two is expected to include additional services targeted to EVs and will begin summer 2022 in select company-owned stores.
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MCO WE | Hot Stocks10:31 EST Moody's appoints Maral Kazanjian as CPO - Moody's Corporation (MCO) announced that it has named Maral Kazanjian as Chief People Officer, effective February 14, 2022. In this role, Ms. Kazanjian will be responsible for the company's strategy to attract, develop, and retain extraordinary talent. She will serve as a member of the company's Executive Leadership Team. Most recently, she served as the Chief People Officer for WeWork (WE), where she led talent strategy and workforce planning for its global employee base.
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SBET | Hot Stocks10:29 EST SharpLink Gaming announces proposed domestication to Delaware - SharpLink Gaming announced that it has filed a registration statement with the U.S. Securities and Exchange Commission pursuant to which it intends to change its jurisdiction of incorporation from Israel to Delaware. In order to effect the domestication, the Company entered into an agreement and plan of merger with its newly-formed Delaware subsidiary, SharpLink Gaming and a newly-formed, wholly-owned subsidiary of SharpLink Delaware formed under Israeli law. Pursuant to the merger agreement, the newly-formed Israeli subsidiary will merge with and into the Company, with the Company surviving such merger and becoming a wholly-owned subsidiary of SharpLink Delaware. In the merger, each outstanding ordinary and preferred share of the Company will automatically be exchanged for one share of SharpLink Delaware common stock or preferred stock, as applicable, and all outstanding options and warrants to purchase ordinary shares of the Company will convert to the right to purchase the same number of shares of common stock of SharpLink Delaware. The Company expects that the common stock of SharpLink Delaware will continue trading on the Nasdaq Capital Market under the same SBET trading symbol when the domestication merger becomes effective. After the SEC has declared the registration statement relating to the domestication effective, the Company will hold a special meeting of its shareholders at which it will seek approval for the U.S. domestication. Details of such shareholder meeting will be announced at a later date. Subject to shareholder approval, the Company currently expects the domestication to become effective in the second quarter of 2022.
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ON | Hot Stocks10:26 EST ON Semiconductor sees long-term adjusted operating expense 17% - Sees long-term adjusted operating income 31%-33%, adjusted gross margin 48%-50%.
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ON | Hot Stocks10:26 EST ON Semiconductor sees 2022 gross margin 46.5%-47.5% - Comments taken from Q4 earnings conference call.
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RDHL | Hot Stocks10:18 EST RedHill says opaganib cuts mortality by 70% on top of remdesivir in COVID study - RedHill Biopharma (RDHL) announced results from two recently completed prespecified analyses from the oral opaganib Phase 2/3 study in hospitalized severe COVID-19. The first analysis showed that opaganib significantly reduced mortality when given to patients who received remdesivir and corticosteroids, the best available standard-of-care, or SoC, for hospitalized patients. A second analysis further showed that opaganib delivered a significant benefit in time to recovery, defined as achieving a score of 1 or less on the WHO Ordinal Scale by Day 14. The company is advancing regulatory discussions in multiple countries, with potential emergency and marketing authorization applications being planned for certain countries in the first half of 2022. The prespecified mortality analysis, undertaken for all patients from the Phase 2/3 study who were receiving remdesivir and corticosteroids at baseline, demonstrated a significant 70.2% mortality benefit for opaganib-treated patients, with a mortality rate of 6.98% for the opaganib arm + SoC versus 23.4% for placebo + SoC by Day 42. The second prespecified analysis showed opaganib delivered a significant 34% benefit in time to recovery, defined as achieving a score of 1 or less on the WHO Ordinal Scale by Day 14, with 37.4% of opaganib-treated patients reaching this event versus 27.9% of patients treated with placebo + SoC, the company reported. "These prespecified analyses, along with the recent data showing opaganib's improved median time to viral RNA clearance, provide strong support for the promising results observed in the Phase 2/3 study post-hoc analysis. Oral opaganib has now shown an ability to reduce deaths, speed up recovery and clear viral RNA, all with a safety and tolerability profile similar to placebo. Strikingly, opaganib has delivered these benefits over and above the very best level of current standard-of-care, with patients receiving both remdesivir and corticosteroids. The hospitalized moderate to severe COVID-19 patient group is estimated to represent more than 50% of all hospitalized COVID-19 cases and growing. The prevalence of Omicron, new emerging variants, loss of efficacy of existing drugs against such variants and the difficulty in stopping COVID-19 early enough in its course, despite the availability of new drugs, all point very clearly to the urgent need for new, preferably orally-administered, therapeutic options, unaffected by spike protein mutations, for this underserved and substantial patient population," said Dr. Mark Levitt, RedHill's Chief Scientific Officer.
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TEVA | Hot Stocks10:15 EST Teva reaches $225M agreement to settle Texas opioid-related claims - Teva Pharmaceuticals has reached an agreement with the Attorney General of Texas that settles the state's and its subdivisions opioid-related claims. Under the terms of the settlement, Teva will pay Texas $150M over a 15-year time period and will provide the recently launched, lifesaving medicine generic Narcan, valued at $75M over 10 years. "Expanding access to lifesaving medicines is at the core of Teva's mission. The Texas Attorney General is taking steps to address the opioid epidemic in the State by negotiating a settlement that includes critical medicines as part of their solution," said Kare Schultz, Teva's President and CEO. "While the settlement includes no admission of wrongdoing by Teva or its affiliates, it remains in the best interest of Teva to put these cases behind us and continue to focus on the patients we serve every day."
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ETR | Hot Stocks10:02 EST Entergy unveils new brand identity, logo - Entergy revealed its new corporate brand and a refreshed logo. The company said, "The introduction of the new brand reflects our aspiration to become the premier electric utility and deliver a cleaner, brighter and more sustainable future for everyone." "At Entergy, we've had the privilege of providing safe, affordable and reliable energy that has powered millions of lives for more than a century," said Leo Denault, Entergy's chairman and CEO. "But we're not resting there. We are proactively transforming our company to meet new opportunities. We're evolving to ensure Entergy becomes a driving force for innovation and cutting-edge products and services. And we are accelerating our efforts to reduce carbon emissions, while partnering with our customers to support their own environmental goals, leading to a cleaner and better future for all our stakeholders."
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FBNC | Hot Stocks10:02 EST First Bancorp raises quarterly dividend 10%, announces $40M share repurchase - The Board of Directors of First Bancorp has declared a cash dividend on its common stock of 22c per share payable on April 25 to shareholders of record as of March 31. The 22c dividend rate represents a 10% increase over the previous dividend rate of 20c. Additionally, the Board of Directors has authorized a share repurchase program, pursuant to which the company may purchase shares of its common stock for an aggregate repurchase price not to exceed $40M. The initial expiration of the Share Repurchase Program is set for December 31, 2022 and replaces and supersedes the prior share repurchase program put in place in 2021.
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FET | Hot Stocks10:01 EST Forum Energy falls -6.9% - Forum Energy is down -6.9%, or -$1.48 to $19.86.
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BPT | Hot Stocks10:01 EST BP Prudhoe Bay falls -7.7% - BP Prudhoe Bay is down -7.7%, or -81c to $9.71.
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LABD | Hot Stocks10:00 EST Daily S&P Biotech Bear 3x Shares falls -9.2% - Daily S&P Biotech Bear 3x Shares is down -9.2%, or -$3.88 to $38.31.
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ELVT | Hot Stocks10:00 EST Elevate Credit rises 9.8% - Elevate Credit is up 9.8%, or 30c to $3.37.
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TEVA | Hot Stocks10:00 EST Texas Attorney General announces $225M opioid settlement with Teva - Texas Attorney General Paxton said he has reached an opioid settlement of $225M with Teva Pharmaceutical Industries. As part of the settlement, Teva will also provide $75M worth of the medication Narcan, Paxton said in a statement. "This settlement will provide needed resources to local law enforcement and the medical personnel who are fighting the opioid epidemic in our communities," he said in a statement. Reference Link
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VLD | Hot Stocks10:00 EST Velo3D rises 9.8% - Velo3D is up 9.8%, or 62c to $6.93.
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SAVE | Hot Stocks10:00 EST Spirit Airlines rises 15.9% - Spirit Airlines is up 15.9%, or $3.46 to $25.20.
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ZBH | Hot Stocks09:48 EST Zimmer Biomet falls -6.8% - Zimmer Biomet is down -6.8%, or -$8.34 to $114.50.
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FIGS | Hot Stocks09:47 EST Figs falls -7.9% - Figs is down -7.9%, or -$1.69 to $19.80.
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VIVE | Hot Stocks09:47 EST Viveve issued FDA 510(k) Premarket Notification for 2.0 System - Viveve was issued an FDA 510(k) Premarket Notification with a decision date of February 2 for the Viveve 2.0 System, which was judged to be "Substantially Equivalent," according to a post to the agency's website. Reference Link
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FET | Hot Stocks09:47 EST Forum Energy falls -9.0% - Forum Energy is down -9.0%, or -$1.92 to $19.42.
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ELVT | Hot Stocks09:47 EST Elevate Credit rises 9.1% - Elevate Credit is up 9.1%, or 28c to $3.35.
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KOLD | Hot Stocks09:47 EST ProShares UltraShort Bloomberg Natural Gas rises 9.7% - ProShares UltraShort Bloomberg Natural Gas is up 9.7%, or $2.84 to $32.18.
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SAVE | Hot Stocks09:47 EST Spirit Airlines rises 14.5% - Spirit Airlines is up 14.5%, or $3.14 to $24.87.
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HTZ | Hot Stocks09:45 EST Hertz down 3% in early trading as lock-up expires - Shares of Hertz are down 57c, or 3%, to $19.17 in early trading as a lock-up expires on shares that were offered as part of the company having previously launched a public offering of its common stock and moving its listing to The Nasdaq Global Select Market under the ticker symbol "HTZ" on November 9, 2021. According to data from Bloomberg, a lock-up related to the "re-IPO" of Hertz expires on February 7.
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TSN | Hot Stocks09:43 EST Tyson Foods 'still excited' about plant-based protein, says CEO
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ANGH | Hot Stocks09:42 EST Vistas Media Acquisition Company Inc trading resumes
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CRNC | Hot Stocks09:40 EST Cerence trading resumes
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LOB FISV | Hot Stocks09:40 EST Live Oak Bancshares sees $115M gain from Finxact buyout - Fiserv (FISV) announced it had entered into a definitive agreement to acquire Finxact and Live Oak Ventures, a wholly owned subsidiary of Live Oak Bancshares LOB), has an investment in Finxact. Under the terms of the agreement, Fiserv will acquire the ownership interests in Finxact that it does not currently own, including Live Oak's interest. If the transaction is successfully closed, Live Oak Bancshares anticipates realizing an estimated pre-tax gain of approximately $115M, the company disclosed this morning in a regulatory filing.
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NSSC | Hot Stocks09:38 EST NAPCO Security trading resumes
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CRNC | Hot Stocks09:35 EST Cerence trading halted, volatility trading pause
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NSSC | Hot Stocks09:33 EST NAPCO Security trading halted, volatility trading pause
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ANGH | Hot Stocks09:32 EST Vistas Media Acquisition Company Inc trading halted, volatility trading pause
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LFLY | Hot Stocks09:32 EST Leafly commences trading on Nasdaq - Leafly Holdings announced that its common stock has begun trading on NASDAQ under the ticker symbol LFLY.
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TSN | Hot Stocks09:31 EST Tyson Foods: Omicron spike occurred predominantly in first three weeks of Jan.
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ADMP | Hot Stocks09:27 EST Adamis Pharmaceuticals doses over 100 subjects in Phase 2/3 study of Tempol - Adamis Pharmaceuticals announced the enrollment and dosing of more than 100 subjects in the Company's ongoing Phase 2/3 study of Tempol for the treatment of COVID-19. The Data Safety Monitoring Board will now examine clinical and safety data from the first 50 subjects as part of the first interim analysis. COVID-19 is a complex disease that manifests in multiple phases including, among others, viral replication and hyperinflammation. Preclinical studies of Tempol have shown it to have antiviral, anti-inflammatory, and antioxidant activity. The Company believes this unique mechanism of action, combined with the benign safety profile shown in preclinical and ongoing clinical studies, could provide physicians with a tool to intervene to slow or stop progression of COVID-19 at multiple phases of the disease. If proven, this could provide Tempol with a significant advantage over the two oral antiviral drugs that the FDA has recently granted Emergency Use Authorization.
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CVS | Hot Stocks09:27 EST CVS Health, Medable announce collaboration to expand clinical trial access - Medable and CVS Health announced a collaboration to expand clinical trial access and engagement for patients at select MinuteClinic locations via Medable's clinical trials software platform. CVS Health Clinical Trial Services will manage the relationship.
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TSN | Hot Stocks09:27 EST Tyson Foods sees FY22 CapEx $2B
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XMTR | Hot Stocks09:26 EST Xometry announces cloud-base software to help manufacturers digitize operations - Xometry announced a series of new initiatives, including cloud-based enterprise software to help manufacturers digitize their operations to run more effectively and efficiently. The software from FactoryFour, which Xometry acquired in November 2021, is an end-to-end platform, known as a 'manufacturing execution system,' that allows shops and shop owners to digitize and automate their operations so they can focus on growing their business, attracting new buyers and securing additional financing. In addition to being able to manage existing orders, the software is designed to integrate seamlessly with the AI-driven Xometry Marketplace and with the Thomasnet.com platform, giving suppliers a one-stop view into all of their orders. Additionally, Xometry is introducing individual manufacturer profiles denoted with "Xometry Partner" badges on Thomasnet.com, which boasts a robust network of 1.4 million buyers. The move is designed to introduce Thomas sellers to Xometry and help create additional revenue-enhancing opportunities for manufacturers. The new badges complement a full slate of marketing services and resources offered through Thomas, including website creation, search-engine optimization and target advertising to buyers. All Xometry partners will continue to have access to the Xometry Job Board. Xometry acquired Thomas in December 2021.
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GTEH | Hot Stocks09:25 EST GenTech reports 3000 units sold of American Metabolix in January - GenTech Holdings grows all of its brands in January as it see its newest brand "Storm" unit sales grow from strength to strength. GenTech's American Metabolix outsold all other brands, boasting an impressive 3000 units sold across the range, with the most units sold being the "Muscle Test" products. Hot on their heals though was the new Storm brand which the Company launched at the Olympia in Orlando in October 2021 to great reception from both consumers and retailers alike. Aimed at the younger demographic with its new flavor types, it was recently announced that Deshawn Jordan, an X-Games Gold Medal Winner in the Men's Street Skateboarding category in 2021 is a STORM brand ambassador. Leonard Armenta, GenTech's President, commented that "it's so exciting to see that whilst our industry leading brand American Metabolix(R) still leads the way in sales, it is the new boy on the block, Storm, who is second. I was not at all surprised to see that STORM's Pre-Workout Blue Raspberry Rage was the third-biggest selling item by unit numbers in January. For such a young brand to be growing so quickly is incredible. It won't be long before Fizzique and Storm are fighting for that top spot in the company of most units sold." GenTech recently announced that its Nature Soothie suckers sold +100,000 individual soothies between August 2021 and present day, showing incredible growth over the previous period and is testament that the sales operation at SINFIT Nutrition, Inc. drives exponential growth into brands. The Company attributed growth both to its increase in the number of independent retailers as well as to impressive growth from Sprouts and Whole Foods. Nature Soothie is available from Clark's Nutritional Centers in California, through Harmon's in Utah and across to the Natural Retail Group in Florida are all stocking the product, as well as many other incredibly successful partners in between.
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MTTR | Hot Stocks09:23 EST Matterport to showcase impact of digital twins for AEC industry at Space Jam - Matterport announced it will host the next installment of the Matterport Space Jam virtual event series, featuring four of its platform partners that are building software solutions on top of Matterport's digital twins for the Architecture, Engineering and Construction industry. The virtual event will take place on February 24 at 8:30 am PT, offering attendees an opportunity to learn how four Matterport Platform Partners build solutions for the AEC industry on top of Matterport digital twins.
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TSN | Hot Stocks09:22 EST Tyson Foods expects to recover cost increases in FY22
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GNUS | Hot Stocks09:21 EST Genius Brands names Cindy Kelly head of advertising sales for Kartoon Channel! - Genius Brands International announced the appointment of Cindy Kelly to the newly created position of Head of Advertising Sales & Co-Chief Revenue Officer for Kartoon Channel!, working alongside Todd Steinman, who was recently appointed Co-Chief Revenue & Marketing Officer. In her new role, Kelly will oversee advertising sales, as well as brand, content and event sponsorships for Kartoon Channel!, while Steinman spearheads subscriptions and marketing for the platform. Kelly joins Genius Brands with over 25 years of experience in executive sales and sponsorship roles at leading media companies, including extensive children's media sales at Cartoon Network.
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ADOC | Hot Stocks09:20 EST Edoc Acquisition urges shareholders to vote in favor of extension amendment - Edoc Acquisition encourages its shareholders to vote in favor of the proposal to amend its charter to extend the date by which the Company has to complete a business combination from February 12, 2022 to August 12, 2022. An extraordinary general meeting of the Company's shareholders to approve the Extension Amendment will be held on February 9, 2022 at 10:00 AM, Eastern Time. The Extension will provide Edoc with additional time to complete the previously announced proposed business combination with Calidi Biotherapeutics, a clinical-stage biotechnology company that is pioneering the development of cell-based delivery of oncolytic viruses. In connection with the proposed Transaction, Edoc entered into backstop arrangements with certain institutional investors for the purchase of up to 2.2 million shares of Edoc Class A ordinary shares in connection with Edoc's shareholder meeting to approve the business combination as well as the Special Meeting for the Extension, with the actual amount dependent upon the amount of cash available after each such shareholder meeting after any redemptions.
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MSGM | Hot Stocks09:19 EST Motorsport Games announces rFactor 2 content update, user interface refresh - Motorsport Games announces the release of the first rFactor 2 content update and user interface refresh of 2022. This content drop, set to continue quarterly, includes the addition of brand new tracks and car chassis from the world of motorsport. The refreshed UI provides users an easy-to-navigate interface that contains all of the optionality necessary for players to create the most authentic driving experience.
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LRCDF CBWBF | Hot Stocks09:18 EST Laurentian Bank appoints Bindu Cudjoe as CLO, corporate secretary - Laurentian Bank of Canada (LRCDF) announces the appointment of Bindu Cudjoe to its executive management team, serving as Chief Legal Officer and Corporate Secretary, effective February 7, 2022. In this new role, Bindu will bring her energy and focus to effectively and innovatively manage and oversee the Bank's legal, regulatory and compliance functions as well as matters related to corporate governance and reputational risks, acting as a trusted and strategically minded advisor to business partners, the Bank's Board of Directors, and key stakeholders. Before joining Laurentian Bank, Bindu held the position of Senior Vice President, General Counsel & Corporate Secretary at Canadian Western Bank (CBWBF).
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HLTH | Hot Stocks09:17 EST Cue Health to provide COVID-19 tests to Johns Hopkins Medicine - Cue Health announced it will provide Cue Health Monitoring Systems and Cue COVID-19 tests to Johns Hopkins Medicine, or JHM, which includes Johns Hopkins University School of Medicine and The Johns Hopkins Hospital and Health System. The portable monitoring system and tests will be utilized by physicians, scientists, health professionals, faculty and staff as part of JHM's commitment to health and well-being among its entire employee population. In addition, JHM will have access to a Cue Health Enterprise Dashboard, which allows for test results to be shared through a secure, web-based internal application.
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TU | Hot Stocks09:17 EST Telus sets out 2022 social purpose goals - The company said, "Today, we are reaffirming our goals to address some of the most pressing social challenges our communities are facing today and in the future. As the global leader in social purpose, we want to inspire Canadians, customers, team members, and retirees across the country to join us in creating a friendlier future for generations to come by continuing to use our technology and human compassion to help make the world a better place: Let's make healthcare more accessible by providing care for 25 million Canadians. Let's make better quality food to help feed the 800 million hungry people around the world. Let's make opportunities equal by expanding our Connecting for Good programs to 3 million Canadians in need. Let's make our planet healthier by using 100% renewable energy by 2025. Let's make our communities stronger by giving $1.4B and counting."
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TSLA | Hot Stocks09:16 EST Tesla issued subpoena from SEC in November 2021 on settlement compliance - In a regulatory filing this morning related to its annual report, Tesla stated: "We receive requests for information from regulators and governmental authorities, such as the National Highway Traffic Safety Administration, the National Transportation Safety Board, the SEC, the Department of Justice and various state, federal, and international agencies. We routinely cooperate with such regulatory and governmental requests, including subpoenas, formal and informal requests and other investigations and inquiries. For example, the SEC had issued subpoenas to Tesla in connection with Elon Musk's prior statement that he was considering taking Tesla private. The take-private investigation was resolved and closed with a settlement entered into with the SEC in September 2018 and as further clarified in April 2019 in an amendment. More recently, on November 16, 2021, the SEC issued a subpoena to us seeking information on our governance processes around compliance with the SEC settlement, as amended. On December 4, 2019, the SEC issued a subpoena seeking information concerning certain financial data and contracts including Tesla's regular financing arrangements. On December 16, 2021, the SEC informed us that it closed this investigation. Separately, the DOJ had also asked us to voluntarily provide it with information about the above matter related to taking Tesla private and Model 3 production rates. We have not received any further requests from DOJ on these matters since we last provided information in May 2019. There have not been any additional developments in these matters that we deem to be material, and to our knowledge no government agency in any ongoing investigation has concluded that any wrongdoing occurred. As is our normal practice, we have been cooperating and will continue to cooperate with government authorities. We cannot predict the outcome or impact of any ongoing matters. Should the government decide to pursue an enforcement action, there exists the possibility of a material adverse impact on our business, results of operation, prospects, cash flows and financial position." In the same filing, Tesla stated: "On January 3, 2022, the California Department of Fair Employment and Housing, or 'DFEH,' issued Tesla a Notice of Cause Finding and Mandatory Dispute Resolution following an investigation into undisclosed allegations of race discrimination and harassment at unspecified Tesla locations. The DFEH gave notice that, based upon the evidence collected, it believes that it has grounds to file a civil complaint against Tesla."
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GOLD | Hot Stocks09:15 EST Barrick, Latin Metals enter earn-in agreement for projects in Argentina - Latin Metals announces that it has entered into an earn-in agreement with a wholly-owned subsidiary of Barrick Gold Corporation. Under the terms of the Earn-In Agreement, Barrick has the right to acquire up to an 85% interest in the Company's Cerro Bayo, Cerro Bayo Sur and La Flora properties, located in Santa Cruz Province, Argentina. Barrick's earn-in right consists of an initial option to acquire a 70% interest in the Properties and a second option to acquire an additional 15% interest. The Properties are currently subject to an underlying option agreement dated February 7, 2019, as amended, pursuant to which Latin Metals has the right to acquire an ultimate 100% interest in the Properties. To exercise the First Option and earn a 70% interest by the seventh anniversary of the Effective Date of the Earn-In Agreement, Barrick must: Make cash payments totaling $2,321,793 pursuant to the Underlying Option Agreement; Make cash payments to Latin Metals totaling $750,000; Incur exploration expenditures with respect to the Properties totaling $5,000,000, of which $1,000,000 is a binding commitment to be spent before the second anniversary of the Effective Date; and Prepare and deliver to Latin Metals a Preliminary Economic Assessment prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects. To exercise the Second Option and earn an additional 15% interest by the ninth anniversary, Barrick must: Make additional cash payments to Latin Metals totaling $425,000; and Sole fund all costs and deliver to Latin Metals a Prefeasibility Study prepared in accordance with NI 43-101. The binding nature of Barrick's expenditure commitment does not become effective until the parties have entered into an agreement with the underlying property owner to acknowledge Barrick's rights under the Earn-In Agreement and authorize Barrick to conduct operation on the properties. In the event that such agreement is not reached within 60 days of executing the Earn-In Agreement, Barrick may terminate the Earn-In Agreement immediately upon notice to Latin Metals. Barrick may at any time during the term of the Earn-In Agreement accelerate the timing for payment of any or all cash payments to Latin Metals and the underlying owner of the Properties, delivery of technical studies, and incurring exploration expenditures. During the term of the First Option, Barrick will have the exclusive right to explore and conduct operations on the Properties and Latin Metals will be responsible for maintaining the Properties valid and in good standing. Upon the exercise of the First Option, Latin Metals and Barrick will form a joint venture for the continued exploration, development and, if warranted, mining of the Properties. The initial participating interests of the parties in the JV will be Barrick - 70% and Latin Metals - 30%. If Barrick exercises the Second Option, the interests of the participants will be Barrick - 85% and Latin Metals - 15%. The party with the majority participating interest will be the operator of the Properties. Funding of the JV's operations will be based on each party's prevailing proportionate participating interest. Dilution of a party's participating interest will apply in the case of funding shortfalls by either party. If a party's participating interest in the JV falls to below 5%, it will be converted into a 1.5% net smelter returns royalty. The transfer of the Dilution Royalty shall be subject to a right of first refusal in favour of the non-diluting party.
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CAMT | Hot Stocks09:12 EST Camtek receives $20M in orders from two leading tier-1 IDMs - Camtek announced that it received orders of approximately $20M from 2 leading tier-1 IDMs. The systems will be mainly used for inspection and 3D metrology of the most technologically challenging applications.
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TSN | Hot Stocks09:10 EST Tyson Foods seeing lower turnover, absenteeism since omicron surge - Comments taken from Q1 earnings conference call.
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IVZ | Hot Stocks09:10 EST Invesco to list ETFs on the Tel Aviv Stock Exchange for first time - Invesco has listed its first Exchange-Traded Funds on the Tel Aviv Stock Exchange. The move reflects the growing demand for ETFs in Israel and the popularity of Invesco's product suite. The direct listing will simplify access for investors and support Invesco's ambition for further market share in a key jurisdiction. The firm plans to expand its range of ETFs listed on TASE in the coming months.
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CPOP | Hot Stocks09:09 EST Pop Culture Group announces Shenzhen Jam Box Technology joint venture - Pop Culture Group announced that a strategic partnership with an investor and Shenzhen HipHopJust Information Technology, an innovative company engaging in third-party services for dance events and Internet information services for the dance industry, to establish a joint venture known as Shenzhen Jam Box Technology. JBT will be a first-ever software-as-a-service, or SaaS, platform provider that focuses on street dance chain in China, and it will enable the Company to scale its business and to support the growing number of dance organizations. Upon finalization of JBT, the Company will own a 60% controlling interest and HIT will own a 20% interest and the investor will own a 20% interest. JBT is expected to provide comprehensive services on SaaS platform, covering event IP services, educational services, teaching and research services, sales services, and management services.
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IDAI | Hot Stocks09:08 EST Trust Stamp appoints Allen as CEO of Trust Stamp Malta, Trust Stamp Rwanda - Trust Stamp announces the appointment of Joshua Allen to the position of CEO of Trust Stamp Malta Limited and its subsidiary, Trust Stamp Rwanda Limited with immediate effect. Allen joined Trust Stamp in late 2020 as Executive Vice President for Strategic Investments, Mergers, and Acquisitions and has served as an Executive Director to its Board since January 2021.
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RLBD | Hot Stocks09:08 EST Real Brands files to uplist to OTCQB - Real Brands has filed its application with the OTC Markets Group as one of the final steps necessary to qualify for uplisting from the OTC Pink market to the OTCQB.
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IVT | Hot Stocks09:07 EST InvenTrust Properties acquires two assets in Austin, Texas for $189.3M - InvenTrust Properties announced the acquisition of two premier assets in Austin, Texas for $189.3M. The transaction includes The Shops at Arbor Trails, a 357,000 square foot center anchored by Costco Wholesale and Whole Foods, and Escarpment Village, a 168,000 square foot shopping center anchored by HEB, the region's top grocer. Escarpment Village "These properties are great additions to our portfolio and further strengthen our foothold in the highly sought after Austin market," said David Heimberger, Chief Investment Officer of InvenTrust. "This transaction validates the Company's self-funded business plan and will bring meaningful cash flow growth to our platform. Our balance sheet continues to remain well-positioned to fund additional acquisitions in 2022 and beyond."
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GFF | Hot Stocks09:07 EST ISS urges Griffon shareholders to vote 'FOR' Voss's BLUE proxy card - Voss Capital, a significant shareholder of Griffon, announced that leading proxy advisory firm Institutional Shareholder Services has recommended that Griffon shareholders vote on the BLUE proxy card for Voss's truly independent and engaged director candidate Charlie Diao. ISS concurred with Voss's criticisms of Griffon management's compensation, specifically pointing to the extreme disconnect between high executive pay, weak shareholder returns and the company's lack of response to persistently low say on pay results.
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DNLI RARE | Hot Stocks09:07 EST Denali Therapeutics appoints Erik Harris to board of directors - Denali Therapeutics (DNLI) announced that Erik Harris has joined the Board of Directors. Erik Harris currently serves as the Chief Commercial Officer and Executive Vice President of Ultragenyx Pharmaceutical (RARE), a biopharmaceutical company focused on the development of a diverse portfolio of therapies for patients with rare and ultra-rare genetic diseases
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HOS | Hot Stocks09:07 EST Hornbeck Offshore acquires three OSVs from U.S. MARAD - Hornbeck Offshore Services announced that it has acquired three high-spec new generation offshore supply vessels, or OSVs, from the U.S. Department of Transportation's Maritime Administration, or MARAD, for an undisclosed amount of cash. All three of the vessels that were acquired at auction are U.S.-flagged, Jones Act-qualified, 280 class DP-2 OSVs with capacities of circa 4,600 DWT. Upon taking physical delivery of the vessels from MARAD, the Company expects to conduct reactivation and regulatory drydockings of all three vessels.
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VRSK | Hot Stocks09:06 EST Verisk's FAST Platform powers Pacific Life's launch of life insurance product - Verisk announced that Pacific Life's level-premium term life insurance product, Pacific Elite Term, is in production with Verisk's FAST platform for new business, policy administration and claims. "The launch marks another important milestone in Pacific Life's digital transformation, which is focused on continuing growth with digital capabilities that power distinctive customer experiences, operational excellence and data-driven decisions across Pacific Life," the company said. Using FAST, which stands for Flexible Architecture, Simplified Technology, insurers can rapidly configure and launch complex products to help meet the needs of an evolving market on a no-code platform. "Pacific Life embraced digital transformation of its insurance ecosystem in an impressive manner to deliver the highest flexibility and a superior experience for distributors and policyholders," said Tom Famularo, managing director of Verisk's FAST. "Many of our customers are empowered to implement FAST systems and we're excited to see Pacific Life reap the rewards of learning and performing configuration on our flexible and intuitive platform."
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BA | Hot Stocks09:05 EST Boeing buys 2M gallons of sustainable aviation fuel from EPIC Fuels - Boeing announced a supply agreement for 2M gallons of blended sustainable aviation fuel with EPIC Fuels to power its Commercial Airplanes operations in Washington state and South Carolina through 2022. The agreement is the largest announced SAF procurement by an airframer and further demonstrates Boeing's commitment to decarbonizing aviation.
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SVFD | Hot Stocks09:04 EST Save Foods announces Mehadrin Tnuport started using its green treatment - Save Foods announced that Mehadrin Tnuport Export has started using Save Foods' green treatment in their citrus packing houses. With over 5,000 hectares of agricultural holdings, Mehadrin is Israel's largest grower and exporter of citrus, and other fruits and vegetables, and a trusted distributor for major retailers in Europe, North America and Asia. Dan Sztybel, Chief Executive Officer of Save Foods Ltd., the Company's subsidiary, commented "We are proud that a company of Mehadrin's caliber has entrusted Save Foods to treat citrus fruit in their packing houses. I am convinced that Save Foods' treatments will assist Mehadrin in maintaining its position as an industry leader. I am confident that our partnership geared towards treating citrus fruit will lead to further opportunities to treat other fresh produce grown and packed by Mehadrin."
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BRTX | Hot Stocks09:04 EST BioRestorative initiates site selection process for Phase 2 trial of BRTX-100 - BioRestorative Therapies announced that it has initiated the site selection process for its active Phase 2 clinical trial targeting chronic lumbar disc disease. BioRestorative's Phase 2 trial is a double-blind controlled, randomized study to evaluate the safety and preliminary efficacy of a single dose intradiscal injection of BRTX-100. A total of up to 99 eligible patients will be randomized at 15 centers in the United States to receive either the investigational drug or control in a 2:1 fashion.
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ALGT | Hot Stocks09:02 EST Allegiant Travel says John Redmond to assume CEO role - Allegiant Travel announced that Maurice Gallagher, Jr., Allegiant chairman and CEO, will assume the role of executive chairman of the board, while John Redmond, company president, will take on the additional role of CEO. The transition will be effective June 1. Redmond has served on Allegiant's board since 2007 except for a one-year hiatus in 2013 as he pursued an opportunity in Australia. His appointment to CEO follows more than five years as president of Allegiant, where he had responsibility for all commercial and operational aspects of the company.
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CTMX | Hot Stocks09:02 EST CytomX Therapeutics announces promotion of Amy Peterson to president, COO - CytomX Therapeutics announced the promotion of Amy Peterson, M.D., to the position of president and chief operating officer, COO, effective immediately. Dr. Peterson has served as the company's executive vice president and chief development officer since October 2019 and will continue to report to Sean McCarthy, D. Phil., chief executive officer and chairman of CytomX. "I am delighted to announce Amy's advancement to president and chief operating officer. Over the past two years, as our chief development officer, Amy has applied her exceptional combination of clinical development, operating and strategic experience to advance and broaden the CytomX Probody Therapeutic pipeline," said Sean McCarthy, D.Phil., chief executive officer and chairman.
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ABT | Hot Stocks09:02 EST Abbott announces first patient implants of dual-chamber leadless pacemaker - Abbott announced the world's first patient implants of a dual-chamber leadless pacemaker system as part of its AVEIR DR i2i pivotal clinical study. The implant of Abbott's investigational Aveir dual-chamber leadless pacemaker represents a significant technological milestone for leadless pacing technology and is the first to occur around the world within the pivotal trial. People who experience a slower-than-normal heart rate may receive a pacemaker -- a small battery-powered device implanted in the chest that delivers electrical impulses via thin insulated wires, called cardiac leads, that cause the heart muscle chambers to contract to help restore a normal heart rhythm. Unlike traditional pacemakers, leadless pacemakers are implanted directly into the heart through a minimally invasive catheter-based procedure and eliminate the need for cardiac leads.
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QNTA | Hot Stocks08:56 EST Quanta's Medolife Rx revamping online marketing platform - Medolife Rx announced that the Company is in progress of revamping their online marketing platform, starting off with a change in the marketing and brand development for their AELIA brand wellness products that utilize the company's polarized ingredients. MThe Company's manager of marketing and brand development, Maggie Dumais, has stepped down from their position under mutual agreement with the Company. In order to support the Company's vision of a new marketing strategy, Medolife is finalizing an agreement with a new director of marketing and brand development, whose name will be announced at a later date. The Company also hired a new team to oversee the overhaul of AELIA's websites, product listings and social media presence.
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VRRM | Hot Stocks08:56 EST Verra Mobility awarded contract renewal by New York City - Verra Mobility announced that the New York City Department of Transportation exercised its second three-year renewal option under its photo enforcement contract with Verra Mobility. The contract, which was registered in 2014, presently covers hundreds of red-light, bus lane, mobile speed and fixed speed photo enforcement cameras that help promote safe driving behaviors. Verra Mobility also provided additional speed cameras under a separate contract with New York City that commenced in late 2019. This renewal provides for an expansion of 100 additional red-light cameras and 150 bus lane cameras, and it also includes certain negotiated price reductions.
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MEEC | Hot Stocks08:52 EST Midwest Energy comments on EPA proposal to reaffirm 2012 MATS for power plants - Midwest Energy Emissions commented on the EPA's announcement on Monday, January 31, 2022, proposing to reaffirm the scientific, economic, and legal underpinnings of the 2012 Mercury and Air Toxics Standards for power plants, which require significant reductions of mercury, acid gases, and other harmful pollutants. The proposal would leave the current emissions standards unchanged but would ensure the continuation of public health protections provided by these requirements, while seeking information from the public on opportunities for additional pollution reductions. In 2012, the Mercury and Air Toxics Standards were established under the Clean Air Act. The standard affected new and existing commercial coal- and oil-fired power plants. It set standards designed to dramatically reduce releases of mercury and other hazardous air pollutants into the atmosphere. EPA has estimated that by 2017 power plant emissions of hazardous mercury pollution into the air and water were reduced by 86%. In May 2020, the previous administration reversed EPA's prior finding, undermining for the legal basis for MATS. In the announcement issued by the EPA on January 31, 2022, EPA proposes to find that the 2020 action was based under a flawed interpretation of the Clean Air Act. In addition to the recent announcement to reaffirm the MATS rule, the EPA is reviewing and plans to propose stricter air-quality standards in 2022 for mercury and other toxic pollutants, and new restrictions on wastewater generated by coal-fired power plants. Commenting on the EPA proposal, Richard MacPherson, CEO of ME2C Environmental, stated, "We believe that the EPA's reaffirmation of the MATS rule as appropriate and necessary is a key step in paving the way for a potential strengthening of both the air and water regulations. The EPA ruling reinforces the stability and growth of the U.S. coal-fired power sector. Our core business in mercury emissions capture and patented Sorbent Enhancement Additive technology will continue to play a vital role in enabling our customers to meet or exceed their mercury mitigation requirements. Widespread industry adoption and recognition of the value of our technology is accelerating, with additional new supply business announced in first month of 2022 with major utility customers. The prospect of new EPA restrictions aimed at further reducing mercury contamination in power plant wastewater supports our focused effort to provide a reliable remediation system to address mercury. With more than 1,100 coal ash ponds across the U.S., mercury is a primary concern for power plant wastewater and typically requires costly treatment prior to discharge to ensure environmental and public health. We are looking forward to working with our customers to deploy new technologies, in addition to our core business, that will support any challenges they may face with meeting more stringent compliance requirements."
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IREN | Hot Stocks08:51 EST Iris Energy reports 126 bitcoin mined in January - Iris Energy published a monthly investor update for January 2022, containing its results from operations as well as construction and development updates. Operations: 804 PH/s average operating hashrate in Januaryl 126 Bitcoin mined, generating monthly operating revenue of US$5.0 million; Welcomed new hires across corporate and operations in Australia and North America to support the Company's accelerating growth and development activities. Construction; Construction ahead of schedule at Mackenzie with commissioning for the first 9MW now anticipated in early Q2 2022; Full site grading and civil works underway at Prince George. Foundation work for the data center buildings expected to commence by March 2022. Development: Development works continued across additional sites in Canada, the USA and Asia-Pacific, which are expected to support an additional greater than1GW of aggregate power capacity and are expected to be capable of powering growth well beyond the Company's 15 EH/s2 of secured miners and 765MW of announced power capacity Corporate update: Iris Energy continues to accelerate its growth and development activities across all key geographies. In support of this rapid growth, the Company recently welcomed new permanent and interim hires across corporate and operations in Australia and North America.
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MULN | Hot Stocks08:48 EST Mullen Automotive bolsters balance sheet with $4M in funding - Mullen Automotive announces it has bolstered its balance sheet with $4 million in funding over the past week through a combination of the initial drawdown of $2.5 million under a $30 million equity line from Esousa Holdings and debt financing from existing shareholders, bringing the total funding received over the past two months to more than $40 million.
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CNDT | Hot Stocks08:46 EST Conduent selected by USFHP to provide health plan management - Conduent announced that the company, pursuant to a competitive bid process, was selected by the Uniformed Services Family Health Plan at Saint Vincents Catholic Medical Center, USFHP, to provide comprehensive health plan management services under a new, five-year agreement. Conduent will deliver highly scalable business process services for USFHP that span claims processing and management, member and provider engagement, and fulfillment. These technology-enabled services will utilize the company's HSP Core Administration Processing System. Sheila Curr, Global Head, Commercial Healthcare at Conduent added, "We are extremely proud to be chosen by USFHP to provide a wide range of health plan management solutions that drive operational excellence. We look forward to streamlining processes to drive efficiencies for USFHP with ongoing technology advancements that improve the experience and health outcomes of their members."
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ASUR | Hot Stocks08:44 EST Asure Software partners with Jackson Lewis law firm to help educate clients - Asure Software has partnered with Jackson Lewis P.C. to provide vital HR compliance education to Asure's 80,000 client businesses via video webinars, podcasts, and articles. "Jackson Lewis is recognized as a national leader in HR and employment law," said Pat Goepel, Chairman and CEO of Asure. "Bringing their expertise to our clients is part of our vision to 'Be the most trusted Human Capital Management resource to entrepreneurs everywhere.'" The most recent discussion, titled "Key New Employment Laws in 2022," centered on the legal changes impacting small and mid-sized businesses in 2022 and beyond.
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AIRI | Hot Stocks08:44 EST Air Industries gets $12.4M U.S. Navy contract for E-2D advanced Hawkeye parts - Air Industries Group announced that its Long Island based subsidiary, Air Industries Machining , has been awarded a contract to produce complete Main and Nose landing gear and ancillary components for the US Navy's E-2D Advanced Hawkeye, airborne early warning aircraft. The contract value is approximately $12.4M with deliveries beginning next year and is expected to be completed in 2024.
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CTV | Hot Stocks08:44 EST Innovid to acquire TVSquared in $160M cash, stock transaction - Innovid and TVSquared have entered into a definitive agreement in which Innovid will acquire TVSquared in a cash and stock transaction valued at approximately $160M. The company said, "With the industry calling for a more transparent and accountable TV ecosystem, the deal establishes a new currency-grade standard for cross-platform measurement, powered by the scale and automation of an independent global ad server." Upon closing, Calum Smeaton will be stepping down as TVSquared CEO to take on a strategy role in support of the integration with Innovid. TVSquared's president, Jo Kinsella, who has been with the company almost since its inception will join the Innovid executive team, reporting into Netter and leading the measurement business. The combined entity will represent buy-and sell-side customers and process billions of impressions events daily. The joint offering will include ad serving, creative personalization and optimization, outcomes and audience measurement, including reach, frequency and unique unduplicated reach, for the total TV and digital universe. The TVSquared acquisition is expected to close by the end of Innovid's fiscal second quarter, subject to the satisfaction of customary closing conditions. All financial information for TVSquared is prepared under UK GAAP which may not be comparable to financial results prepared under US GAAP. TVSquared was advised by LUMA Partners.
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EYEN | Hot Stocks08:42 EST Eyenovia announces changes to board of directors - Eyenovia announced changes to its Board of Directors. Dr. Sean Ianchulev, Director, Chief Executive Officer and Chief Medical Officer of Eyenovia, has been appointed Chairman; Kenneth Lee, Jr., Director, has been named Lead Director; Rachel Jacobson has been appointed to the Board; Stephen Benjamin has been appointed to the Board; and Dr. Ernest Mario, Director, has retired from the Board, effective immediately. Dr. Mario has served on Eyenovia's Board since December 2014.
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GRIL | Hot Stocks08:41 EST Muscle Maker's Pokemoto signs new franchise agreement in Connecticut - Muscle Maker's newest subsidiary Pokemoto announced it has signed a new franchise agreement in Connecticut, the brand's core market with the strongest presence of Pokemoto eateries. With this latest addition, Connecticut now has 15 Pokemoto locations. This signing brings the total of new franchise agreements inked to 31 since November 2021. The new franchise agreement in Connecticut is focused on Hartford County; specifically the town of Berlin, CT. Mike Roper, CEO of Muscle Maker, said, "Connecticut is where the Pokemoto brand started and we're the largest poke player in the market with 10 open locations and 5 new agreements in place. We're proud of our expansion efforts as we have been executing tirelessly against our franchising and growth plans since the acquisition. Just last week we announced expanding into Florida. We're thrilled to see our internal growth plans coming to fruition... In fact, the Pokemoto franchise sales team had a successful showing at the NJ/NY franchise expo last weekend and will be hosting a franchise discovery day on February 9 and 10 at the Stamford, CT location. We welcome any interested prospective franchisee partners to attend to learn about what makes Pokemoto different."
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CRAI | Hot Stocks08:41 EST Charles River Associates announces $20M expansion of share repurchase program - Charles River Associates announced that its Board of Directors has authorized a $20M expansion of its share repurchase program. During the fourth quarter of fiscal 2021, CRA has repurchased $5M of its common stock at an average price per share of $97.38 leaving the company with $30.5M remaining under its previous share repurchase authorization. "This additional share repurchase authorization, along with our quarterly dividend, reflects the Board's confidence in CRA's business and supports our aim of returning half of adjusted net cash flows from operations to our shareholders," said Paul Maleh, CRA's president and chief executive officer. "We remain committed to maximizing long-term value per share through the prudent deployment of capital, including our commitment to return capital to our shareholders while simultaneously investing to grow our business." CRA may repurchase shares in the open market or in privately negotiated transactions in accordance with applicable insider trading and other securities laws and regulations. The timing, amount and extent to which CRA repurchases shares will depend upon market conditions and other factors it may consider in its sole discretion.
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BGI | Hot Stocks08:41 EST Birks Group regains compliance with NYSE - Birks Group announced that the company is back in compliance with the NYSE American continued listing standards.
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VERB | Hot Stocks08:40 EST Verb Technology opens vendor waitlist for livestream shopping platform - Verb Technology Company announced it has opened a waitlist for new vendors for MARKET, its new 24/7 multivendor, livestream shopping platform designed to host scores of simultaneous livestream shopping sessions by consumer brands, big-box stores, boutiques, celebrities, content creators, and influencers selling products and services across numerous categories.
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MEG | Hot Stocks08:40 EST Montrose Environmental acquires Environmental Standards, terms undisclosed - Montrose Environmental announced the acquisition of Environmental Standards. Environmental Standards' leadership team, including founder and CEO Rock Vitale, CEAC, will join Montrose's Assessment, Permitting & Response segment. Terms of the transaction were not disclosed. Founded in 1987 in Valley Forge, Pennsylvania, Environmental Standards is an environmental consulting firm providing services in the oil & gas, utilities/energy, chemical, industrial/manufacturing, coal/mining, real estate, legal, financial, insurance, non-regulatory government, and landfill markets. With a presence in eleven states, the company specializes in environmental chemistry, consulting geosciences, environmental data management, emergency response quality assurance oversight, and auditing/health and safety support.
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CHRS | Hot Stocks08:39 EST Coherus Biosciences appoints Lee Newcomer to board of directors - Coherus BioSciences announced the appointment of Lee Newcomer, M.D., to its Board of Directors effective February 2, 2022. Dr. Newcomer spent the majority of his career with UnitedHealthcare, where he most recently served as Senior Vice President, Oncology and Genetics. Coherus also announced James Healy, M.D., Ph.D., a board member since 2014, has resigned from the Coherus Board of Directors. Coherus expects to retain Dr. Healy as a consultant to help with the Company's immuno-oncology strategy.
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MSLP COST | Hot Stocks08:39 EST MusclePharm rolls out impoved MP Combat Protein Powder to Costco US - MusclePharm (MSLP) announced the expansion of its product line with Costco US (COST) with the roll out of its reformulated MP Combat Protein Powder in a newly sized tub. The reformulated product has an improved taste and mixability factor and is now being sold in Costco US in a recyclable, 6.2-liter tub. The new product will be part of a promotion running in all Costco US stores this March with samples available for customers to try out the new taste.
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CQP LNG | Hot Stocks08:38 EST Cheniere Energy Partners announces substantial completion of Train 6 - Cheniere Energy Partners (CQP), a subsidiary of Cheniere Energy (LNG), announced that substantial completion of Train 6 at the Sabine Pass liquefaction project in Cameron Parish, Louisiana was achieved on February 4. Commissioning is complete and Cheniere's engineering, procurement and construction partner, Bechtel Oil, Gas and Chemicals has turned over care, custody, and control of Train 6 to Cheniere Partners. Cheniere Partners and Bechtel have now declared substantial completion on all six liquefaction trains at the SPL Project ahead of each train's guaranteed completion date and within project budgets. With the achievement of substantial completion, financial results of liquefied natural gas sales from Train 6 going forward will be reflected in the statement of operations of Cheniere Partners and its applicable affiliates.
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APO | Hot Stocks08:37 EST Apollo Global launches Supplier Diversity program - Apollo announced the launch of a Supplier Diversity program focused on growing direct and indirect spending with diverse businesses across its private equity portfolio, with the goal of achieving more than $1 billion in spend by 2024. This program is the latest initiative undertaken by Apollo as part of its commitment to expanding opportunity across its workplace, marketplace and communities. As part of the supplier diversity program, Apollo is targeting 20% year-over-year growth in diverse spend across its funds' portfolio companies with emphasis on minority- and women-owned businesses in strategic areas such as professional, technical, and scientific services. Apollo's Portfolio Performance Solutions will work closely with its portfolio companies' procurement teams on implementation and provide a comprehensive toolkit to ensure best practices. The program will be offered to all current portfolio companies and review of supplier diversity capabilities and baseline impact will be considered as part of procurement due diligence.
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PHUN | Hot Stocks08:37 EST Phunware announces strategic political partnership with Campaign Nucleus - Phunware announced a strategic political partnership with Campaign Nucleus to enhance its Smart Advocacy Solution on mobile and to further extend its capabilities in support of tech-enabled politics. "Campaign Nucleus provides an AI-based digital platform that provides center-right candidates, organizations and corporations a centralized ecosystem to not only curate actionable data, but also build political movements through accountability, analysis and action," the company said. Phunware plans to integrate these capabilities into its Smart Advocacy Solution to support not only politicians and advocacy groups, but also third-party platforms that want to personalize political content delivery and engagement. "We live in a mobile-first world, so it's imperative politicians and advocacy groups understand how to not only curate, personalize and deliver content on mobile at scale, but also drive engagement in a secure and repeatable way that can't be cancelled or manipulated," said Alan Knitowski, President, CEO and Co-Founder of Phunware. "The elegance of MaaS is that it is designed to support any content delivery platform, so integrating the data, process and workflow capabilities of Campaign Nucleus will naturally extend the capabilities of our MaaS Customer Data Platform, while supporting new functionality such as voter canvassing and targeted content delivery."
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FTCI | Hot Stocks08:37 EST FTC Solar awarded contract by APA Group - FTC Solar was awarded a contract from leading Australian energy infrastructure business APA Group to supply FTC Solar's 2P Voyager tracker in an effort to ensure maximum installation efficiency on APA's new 88 MW solar project in Mica Creek, QLD, Australia. The solar project, located in Mount Isa Australia represents FTC Solar's largest project outside the United States.FTC Solar's Voyager+ 2P tracker will help APA Group achieve higher energy yields and greater power density. In addition, this will be FTC Solar's largest project to date outside the U.S.
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XDSL | Hot Stocks08:36 EST mPhase Technologies Inc announces prepayment of convertible debt - mPhase Technologies announced that it has begun prepaying its fixed-rate Convertible Promissory Notes held by Evergreen Capital Management LLC. As of February 7, 2022, mPhase has prepaid in cash $1,000,000 of its fixed-rate Convertible Promissory Notes made in favor of Evergreen Capital Management. As a result of the prepayment, the Company's total outstanding indebtedness at face value under such notes, as of February 7, 2022, was reduced to $1,343,873. mPhase intends to pay down in cash the remaining amounts owed under these notes in the next few months
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UTZ | Hot Stocks08:36 EST Utz Brands completes accretive acquisition of Clem Snacks and J&D Snacks - Utz Brands announced that its subsidiaries have completed the acquisition of the assets of two existing third party direct store delivery DSD distributors, Clem Snacks and J&D Snack . The Company used balance sheet cash and its revolving credit facility to fund the acquisition and the impact to the Company's net leverage ratio is not meaningful. Utz continues to expect the transaction to be accretive to earnings in fiscal 2022 and beyond.
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BRLGF | Hot Stocks08:34 EST Dominion Lending Centres reports 2021 annual funded mortgage volumes C$78.5B - Dominion Lending Centres announced record annual funded mortgage volumes of C$78.5B in 2021, an increase of 52% over the prior year.
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ALEC KURA | Hot Stocks08:34 EST Alector appoints Marc Grasso as Chief Financial Officer - Alector (ALEC) announced the appointment of Marc Grasso, M.D., as Chief Financial Officer, CFO. As Alector's CFO, Dr. Grasso will lead all aspects of the company's financial operations and play a critical role in supporting corporate strategy. Dr. Grasso will report to Arnon Rosenthal, Ph.D., Chief Executive Officer of Alector. Dr. Grasso succeeds Linda Rubinstein, Partner at FLG Partners, who served as interim CFO with Alector since September 2021. Dr. Grasso joins Alector from Kura Oncology (KURA) where he served as Chief Financial Officer and Chief Business Officer.
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CHEK | Hot Stocks08:34 EST Check-Cap announces FDA approval of amended IDE application for C-Scan study - Check-Cap Ltd. announced that the company has received approval from the U.S. FDA for its amended Investigational Device Exemption application, enabling initiation of the U.S. pivotal study. Alex Ovadia, CEO of Check-Cap, commented, "Now that we have received approval from the FDA of our amended protocol, we are focused on final preparations to initiate the first part of the U.S. pivotal study, which we anticipate will begin in March-April 2022, followed by initiation of the second part of the study in Q4 2022. Initiation of the study signifies a major step in the clinical development of our device, which is designed to detect precancerous polyps." The U.S. pivotal study consists of two parts. The first part is designed to enable further calibration of the system for the average risk U.S. population. The second part will include a statistically powered, randomized study which will compare the performance of C-Scan to traditional colonoscopy.
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STAR | Hot Stocks08:34 EST iStar promotes Theresa Ulyatt to Chief People Officer - iStar announced the promotion of Theresa Ulyatt to Chief People Officer, reporting to President and Chief Investment Officer Marcos Alvarado. In her newly created position, she will lead talent acquisition and management, performance management, employee engagement, diversity, equity and inclusion, as well all traditional human resources functions. Ulyatt joined iStar in 2018 and was most recently Senior Vice President of People, Talent and Inclusion. Prior to joining iStar, Ulyatt spent over 2 decades in the human capital space both at Fortune 50 and emerging, entrepreneurial organizations. Ms. Ulyatt is a Certified Diversity Executive and completed her studies in Psychology at Russell Sage College.
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MSP | Hot Stocks08:33 EST Datto appoints Emily Tabak Epstein General Counsel - Datto Holding announced that Emily Tabak Epstein has been appointed Datto's General Counsel. Epstein replaces retiring General Counsel, Michael Fass, who has held the role since 2013. Epstein will join Datto's Executive team, reporting to CEO Tim Weller. She will lead all legal and compliance strategies globally and serve as a strategic advisor for Datto's executives and board of directors. Most recently, Epstein served as Deputy General Counsel & Corporate Secretary at Coupang, Inc., where she led the global legal team through Coupang's $4.6B initial public offering on the New York Stock Exchange, the second largest listing in 2021. Prior to that, Epstein served as Deputy Chief Legal Officer & Corporate Secretary at Nielsen Holdings plc. There she was responsible for leading the international corporate legal team and advised on a wide array of corporate priorities including a company-wide strategic review, mergers and acquisitions, securities law transactions, financing tax and treasury initiatives. She also served as the President of the Nielsen Foundation, a private foundation whose mission is to support organizations that give voice and opportunities to historically under-represented groups and communities.
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SOLO | Hot Stocks08:32 EST ElectraMeccanica delivered 20 SOLO EVs to 15 customers since October 2021 - ElectraMeccanica Vehicles announced the Company has delivered a total of 20 SOLO EVs to 15 fleet and commercial customers since deliveries began in October 2021. Year-to-date for 2022, the Company has delivered a total of 20 SOLO EVs to reservation and fleet holders as of January 31, 2022. Kevin Pavlov, CEO of ElectraMeccanica commented, "We continue to focus on deliveries to our fleet and commercial customers, representing a broad spectrum of industries and organizations looking for a right-sized sustainable solution. As of February 6, we have delivered 20 SOLO EV vehicles to commercial fleet customers, with more in the queue. Early reservation customers who are current vehicle operators are reporting on the advantages and benefits of utilizing SOLO EVs in their operations, including Skechers USA, Faction Technology, Cyber Yogurt and Ruby's Diner.
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STAR SAFE | Hot Stocks08:32 EST iStar and Safehold promote Brett Asnas to CFO - iStar (STAR) announced that it has promoted Brett Asnas to the role of CFO at both iStar and Safehold (SAFE). Asnas has been with the Company for over 12 years, most recently in the role of Executive Vice President and Head of Capital Markets. Asnas has been responsible for overseeing corporate finance initiatives, strategy, financial planning & analysis, and execution of debt and equity capital markets activity. His transaction experience spans across term loans, unsecured and secured notes, credit facilities, mortgage and mezzanine financing, preferred equity, convertible notes, IPO's and secondary offerings. Asnas joined iStar in 2008 and previously held positions in the real estate private equity business at Fortress Investment Group, the real estate investment banking division at Nomura Securities, as well as structured finance advisory at Ernst & Young. Asnas holds a B.S. degree in Finance from the School of Management at Binghamton University.
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MANH | Hot Stocks08:32 EST PLUS selects Manhattan Associates' cloud solution for delivery network - Manhattan Associates announced that PLUS, a grocery retailer in the Netherlands, is operating Manhattan's Transportation Management System to streamline its delivery network and optimise route planning.
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BAC | Hot Stocks08:31 EST Bank of America: Consumer clients made $335B in payments in January, up 17% - Bank of America announced their approximately 67M consumer clients made $335B in total payments during January, a 17% increase over January 2021 and the second highest month of spending on record. This follows a 5% increase in total payments in January 2021 when compared to pre-pandemic levels in January 2020.
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NWL | Hot Stocks08:26 EST Newell sells connected home, security business to Resideo Technologies for $593M - Newell Brands said it agreed to sell its connected home and security business to Resideo Technologies for $593M in cash. Newell said the unit, which makes and distributes smoke and carbon-monoxide alarms, fire suppressants, fireproof safes and other home-safety product under BRK and First Alert brands, had sales of about $395M last year.
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AMRC | Hot Stocks08:23 EST Ameresco completes streetlight conversion pilot with ODOT - Ameresco announced the completion of its streetlight conversion pilot program with the Oregon Department of Transportation, ODOT. The $18.6M project was funded by an energy savings performance contract and replaced more than 8,000 high-pressure sodium lighting fixtures across the greater Portland area with LEDs. Ameresco also upgraded lighting in 13 tunnels within ODOT Region 1. Oregon Department of Transportation partnered with cleantech integrator, Ameresco, on an $18.6M project to replace more than 8,000 high-pressure sodium lighting fixtures across the greater Portland area with LEDs, including 13 tunnels within ODOT Region less. The new LED streetlights are dark-sky friendly with a color temperature of 3,000 to 4,000 Kelvin, use 50% less energy than traditional highway and tunnel lighting fixtures and will reduce carbon emissions by an estimated 3,500 metric tons annually. Upgraded streetlights line the highways in Region 1 of the ODOT system, which includes the Clackamas, Hood River, Multnomah, eastern Washington counties and the Metro interstate bridges. "From the start, we were thrilled to partner with Ameresco on a street lighting project that would save long term maintenance costs and enhances our commitment to reducing carbon emissions through renewable solutions. We couldn't have foreseen all of the challenges but thanks to Ameresco, we successfully navigated hurdles as they came and the project was delivered in a seamless and smooth manner," said Elizabeth Papadopoulos, Consultant Project Manager, ODOT
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XELA | Hot Stocks08:22 EST Exela increases consideration being offered for shares of common stock - Exela Technologies announced that it has amended the previously announced offer to exchange up to 100,000,000 shares of its Common Stock for unsecured 6.00% senior notes due 2029. The Offer has been amended to increase the consideration being offered for each share of Common Stock from $1.00 per share to $1.25 per share. Shareholders can now exchange Common Stock in 20 share increments for $25 of New Notes. As a result of the increase in the consideration, shares of Common Stock may now only be tendered in 20 share increments, and an aggregate of up to $125,000,000 of New Notes may be issued in the Exchange Offer.
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ORYZF | Hot Stocks08:19 EST Oryzon Genomics sees cash runway until 1Q23 - Cash, cash equivalents and marketable securities totaled $32.5 million as of December 31, 2021, compared to $48.6 million as of December 31, 2020. During the year, Oryzon has obtained a grant of $1 million to support a new clinical trial in patients with Kabuki syndrome.
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MF | Hot Stocks08:18 EST Missfresh to provide food delivery and vending machines for Beijing Winter Games - Missfresh to provide express food delivery and Convenience Go smart vending machines for support staff stationed in Taizicheng Snow Town, Zhangjiakou, the main zone of the 2022 Beijing Winter Olympics in Hebei Province. Missfresh launched these services in Taizicheng after more than three months of preparatory work by over 100 staff members, Jiahong Ji, the head of Missfresh's "Taizicheng Special Retail Services" team, shared. Leveraging on the capabilities of its Retail Cloud system, Missfresh developed a new mini online shopping platform with around-the-clock express delivery service in order to meet the everyday fresh food needs of volunteers, logistics and support staff, and security personnel across the entire Winter Olympics support area in Taizicheng Snow Town.
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WLMS | Hot Stocks08:18 EST Williams Industrial Services provides update on contracts - Williams Industrial Services provided additional information related to its 2022 financial guidance issued on January 28. At that time, the company disclosed that one of its largest customers had transferred certain work to a competitor. This has continued to occur, such that several multi-year contracts for nuclear decommissioning, currently worth approximately $360M in backlog for 2022 through 2029, are expected to be lost, including $30M for 2022 and $50M for 2023. However, the company's previously issued guidance incorporated the $30M impact for 2022 and thus remains unchanged. The company is pursuing legal action, where appropriate, against ex-Williams employees and the competitor involved in this situation. "We regret the loss of this long-term nuclear decommissioning work in our backlog," said Tracy Pagliara, oresident and CEO of Williams. "On the other hand, the contracts in question did not represent a significant amount of our gross profit in any particular year - including the current one. We remain committed to keeping as much business with this customer as possible. At the same time, we continue to aggressively target other growth opportunities within our end markets, which are expected to expand in the future as a result of the Infrastructure Act of 2021. With this in mind, we are confident in our 2022 guidance and our ability to win new awards, in higher-margin areas, to offset such business going forward. Importantly, these losses were not tied to performance and thus do not affect our reputation or diminish our ability to serve our customers across the board. Our balance sheet and liquidity remain strong, as does our resolve to return Williams to improved results in the quarters to come." Williams' total backlog as of December 31, 2021, excluding the lost decommissioning contracts, was approximately $275M.
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LEE | Hot Stocks08:16 EST Lee Enterprises asks shareholders to vote 'FOR' board's three nominees - Lee Enterprises sent an informational brochure to shareholders in connection with its upcoming Annual Meeting on March 10, 2022. All shareholders at the close of business on January 12, 2022 are entitled to vote at the Annual Meeting. The brochure provides an overview of Lee's Three Pillar Digital Growth Strategy. Lee's Board urges shareholders to protect their investment by voting "FOR" ALL the Board's three nominees using the WHITE proxy card.
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BKYI | Hot Stocks08:15 EST BIO-key's PortalGuard IAM platform selected by Rio Arriba County - BIO-key International announced in partnership with iT1 that Rio Arriba County, NM has selected its PortalGuard IAM platform, including WEB-key biometric authentication, to deliver cost-effective, modern security controls for access to all its enterprise resources and mission-critical applications. The County also chose BIO-key's PIV-Pro fingerprint readers, a highly accurate FIPS 201 compliant scanner for its office users, and remote users will use WEB-key's MobileAuth application with PalmPositive for biometric palm authentication. PortalGuard provides the County with a secure IAM approach to support its hybrid workforce and a large variety of user access scenarios. "Our partnership with iT1 provides valuable IAM solutions to County governments that are dealing with a cascade of ransomware attacks targeting the public sector at the same time they are struggling to provide and manage more services online during the COVID-19 pandemic," said Mark Cochran, President of BIO-key - PortalGuard. "The landscape is changing quite rapidly right now, and we are proud to deliver the best blend of advanced IAM capabilities to County governments that provide superior convenience, affordability, and ensure that only authorized users access County systems and data. RIO Arriba represents the fifth new county government customer we've added from five different states, in the last two months. Our growing traction in this market is a direct reflection of the security, ease of deployment, and value our solutions provide."
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TRFPF | Hot Stocks08:15 EST Monarch sells additional 0.75% NSR on Beaufor to Triple Flag Precious Metals - MONARCH MINING CORPORATION announced that it has entered into an agreement with Triple Flag Precious Metals whereby Triple Flag will acquire an additional 0.75% net smelter return royalty on gold production at the Beaufor Mine for cash consideration of $4.5M. This transaction follows the acquisition announced this morning by Triple Flag of an existing 2% NSR and includes the cancellation of the 1% step-down under a prior royalty agreement. Upon completion of both transactions, Triple Flag will hold a 2.75% NSR on the Beaufor Mine. In preparation for the restart, approximately 15,000 tonnes of ore have been extracted and transported to the Beacon Mill. The objective is to begin by processing barren rock to properly recommission the plant, and then process the ore and pour the first gold bar. The Corporation expects this process to take 6 to 10 weeks.The Corporation expects to close the agreement with Triple Flag on or around February 11, 2022.
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SMED | Hot Stocks08:13 EST Sharps Compliance acquires Midwest Medical Waste for $4.35M - Sharps Compliance announced the acquisition of Midwest Medical Waste, a full-service, route-based provider of medical and hazardous waste solutions. The purchase price was $4.35M and consisted of 75% in cash and 25% in Sharps Compliance stock. David Tusa, President and Chief Executive Officer of Sharps, stated, "Our acquisition of Midwest Medical Waste of Kansas aligns well with our strategy to augment our organic growth initiatives with complementary acquisitions that increase our route density and extend our reach in the marketplace. Midwest Medical Waste has established a strong reputation as a customer focused medical waste management provider in Kansas. We believe this acquisition will enhance our route-based coverage and capabilities in Kansas and further our overall leadership position as a comprehensive provider of medical waste management solutions." Tusa added, "We have a vibrant pipeline of acquisition opportunities in various stages that we are evaluating. We are pleased to kick off calendar 2022 with the addition of Midwest Medical Waste of Kansas."
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TSE | Hot Stocks08:12 EST Trinseo provides update on chemical recycling plant in Europe - Trinseo announced that plans for a chemical recycling plant in Europe are progressing rapidly. In late 2021, Trinseo contracted with global technology provider Synova and global engineering services company Worley, and is currently working on an engineering package and preparing Trinseo' s Tessenderlo, Belgium site for recycling operations. Trinseo is targeting to begin construction by the end of 2022. The plant will be dedicated to recycled polystyrene, or rPS, meeting increased demand for the material as brand owners seek sustainable options. It will process 15 kilotons of rPS flakes annually that will be converted into high quality recycled styrene to enable further production of polystyrene, or PS, and/or a styrene derivative including Acrylonitrile Butadiene Styrene, or ABS, and Styrene Acrylonitrile, or SAN.
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TBK | Hot Stocks08:12 EST Triumph Bancorp announces $50M stock repurchase program - Triumph Bancorp announced that its board of directors has authorized the Company to repurchase up to $50M of its outstanding common stock. The Company may repurchase shares from time to time in open market transactions or through privately negotiated transactions at the Company's discretion. The amount, timing and nature of any share repurchases will be based on a variety of factors, including the trading price of the Company's common stock, applicable securities laws restrictions, regulatory limitations and market and economic factors.
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ALIM | Hot Stocks08:11 EST Alimera Sciences announces launch of ILUVIEN for uveitis in Spain - Alimera Sciences announces that Alimera Sciences Europe Limited, its Ireland-based European subsidiary, will launch ILUVIEN for non-infectious posterior uveitis in Spain, through its distribution partner, Brill Pharma. Brill has received a positive resolution for the pricing and reimbursement approval for ILUVIEN for prevention of relapse in recurrent non-infectious uveitis affecting the posterior segment of the eye from the Spanish Ministry of Health. "We are pleased to begin 2022 with this launch in Spain, our third major market to add the posterior uveitis indication," said Rick Eiswirth, President and Chief Executive Officer of Alimera. "ILUVIEN is the first and only treatment to deliver drug for up to thirty-six months, reducing the recurrence of symptoms of disease, and enabling patients to see better, longer with fewer injections."
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TLLTF | Hot Stocks08:10 EST TILT issues statement on Pennsylvania DOH's vaporization product recall - TILT Holdings is issuing a statement in response to the Pennsylvania Department of Health vaporization product recall. On Friday, Feb. 4, 2022, the Pennsylvania DOH issued a mandatory recall of vaporization products that include certain added ingredients. No products manufactured or distributed by TILT's subsidiary, Standard Farms PA, were included in the recall. TILT CEO Gary Santo commented: "We have always been intently focused on manufacturing products that are safe, consistent, and effective for our patients. While we do not have enough information available to comment on the DOH's stance with respect to the use of certain additives, we want to make it clear to our patients, investors and other stakeholders that none of our products were named in the recall. TILT will continue to support our brand partners and other cannabis operators as the regulated industry seeks a resolution that prioritizes product conformance to the new additive restrictions released by the Pennsylvania DOH on Friday."
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ACXP | Hot Stocks08:10 EST Acurx reports results of Phase 2a clinical trial of Ibezapolstat - Acurx Pharmaceuticals announced that results of its positive Phase 2a clinical trial have been published in Clinical Infectious Diseases, the official publication of the Infectious Disease Society of America. The senior author of the publication is Dr. Kevin Garey, Professor and Chair, University of Houston College of Pharmacy and the Principal Investigator for the microbiome aspects of the trial. Garey stated: "In this publication, we are particularly pleased to present the totality of the ibezapolstat Phase 2a clinical and microbiome data for this promising novel antibiotic which appears to possess key properties of an ideal oral antibiotic for CDI: highly potent against C. difficile; good tolerability; and limited gastrointestinal absorption, resulting in very high fecal concentrations which may reach three orders of magnitude above the MIC for C. difficile."
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AMTX... | Hot Stocks08:09 EST Aemetis selects, signs definitive agreements with SunPower, Schneider Electric - Aemetis (AMTX) announced it has selected and signed definitive agreements with SunPower (SPWR) and Schneider Electric (SBGSY) for their grid-connected, solar microgrid comprising an almost 2.0 MW photovoltaic array and a 1.25 MW battery energy storage system that will be integrated with an artificial intelligence-driven distributed control system at the Aemetis Advanced Fuels biorefinery in Keyes, California. The solar array will generate approximately 3.2M kW hours per year and reduce GHGs by ~8,000 MT CO2e per year. In addition to designing and supplying the photovoltaic solar system, SunPower will serve as the project's engineering, procurement, and construction contractor. "As the leading U.S. commercial solar provider, SunPower was a logical choice to lead this critical energy efficiency project at our flagship renewable fuels production facility," said Andy Foster, President of Aemetis Advanced Fuels. "Combined with Schneider Electric's world-leading process energy technologies, the solar microgrid will enhance operating efficiency, energy resilience and provide a significant return for our investors. This system will offer a meaningful reduction in our Carbon Intensity score of the Low Carbon Fuel Standard across our ecosystem of renewable fuels and ensure environmental and economic benefits."
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CPRX | Hot Stocks08:09 EST Catalyst Pharmaceuticals notes FDA invalidation of Ruzurgi approval - On February 3, 2022, Catalyst announced that the District Court Judge in its case against the FDA had issued an order granting Catalyst Summary Judgment in its action against the FDA. As a consequence of that order, the FDA has invalidated Ruzurgi's approval. The District Court's order put into effect the September 2021 decision of the U.S. Court of Appeals for the 11th Circuit declaring that FDA's approval of Ruzurgi violated Catalyst's Orphan Drug exclusivity for FIRDAPSE for LEMS.
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TDY | Hot Stocks08:09 EST Teledyne receives $16M IDIQ contract from USGS - Teledyne has received an indefinite delivery/indefinite quantity, or IDIQ, contract from the United States Geological Survey, or USGS, for up to $16M over a five-year period. The contract encompasses products from across the Teledyne Marine portfolio to support the agency's diverse initiatives.
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CPRX | Hot Stocks08:08 EST Catalyst Pharmaceuticals announces 2022 strategic priorities - Catalyst Pharmaceuticals 2022 Strategic Priorities: Sustain "patient first" commitment through established access programs to all patients seeking access to FIRDAPSE for LEMS treatment. Continue to grow U.S. revenues for FIRDAPSE through awareness and education to both patients and healthcare professionals, with an expanded focus on paraneoplastic LEMS patients and providers. Pursue label expansion for FIRDAPSE through a pediatric supplemental new drug application to the FDA in the U.S. to further ensure that all LEMS patients have a treatment option. Continue to leverage data from the FIRDAPSE NDA and additional data via third-party relationships to further expand FIRDAPSE regulatory approvals internationally, with initial focus in Japan and Canada. Ongoing focused strategic efforts to expand our product pipeline by building a differentiated portfolio of products to treat rare diseases which are currently without any approved therapy to drive long-term sustainable growth.
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HHS | Hot Stocks08:08 EST Harte Hanks awarded multi-year contract from a national healthcare organization - Harte Hanks announced that it has been awarded a multi-year contract from a national healthcare organization to provide new mothers with products including breast milk pumps and health-related materials. The multi-year program from the healthcare organization is a critical element in the government's overall mission under the Affordable Care Act to improve newborn nutrition and wellness. In the first year alone, the program is expected to deliver over 100,000 breast milk kits and materials to new mothers covered under the program.
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ELTK | Hot Stocks08:06 EST Eltek receives letter of intent for purchase order worth $1.4M - Eltek announced that the company has received a letter of intent for a purchase order in the amount of $1.4M from an existing customer in the defense sector. The order, once released, will be supplied by Eltek over a period of fourteen months commencing April. The customer has an option to increase the purchase order to a total amount of $2.1M.
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PPG | Hot Stocks08:06 EST PPG to acquire powder coatings business of Arsonsisi, no terms disclosed - PPG announced that it has entered into an agreement to acquire the powder coatings business of Arsonsisi, an industrial coatings company based in Milan, Italy. The transaction is expected to close in the first quarter of 2022, subject to customary closing conditions. Financial terms were not disclosed. Arsonsisi is a leading supplier of specialty powder coatings for the architectural and industrial markets. Powder coatings are a highly sustainable product offering with enhanced durability, transfer efficiency and the ability to be reclaimed or reused during application. As part of the transaction, PPG will acquire Arsonsisi's highly automated, small- and large-batch capable, powder manufacturing plant in Verbania, Italy. In 2021, the Arsonsisi powder business had sales of approximately $15M. Upon completion, the acquisition enables PPG to expand its powder coatings offering in the Europe, Middle East and Africa EMEA region to include metallic bonding, one of the fastest growing markets for powder coatings often used in specialty finishes for automotive, appliance and general industrial applications. The acquisition aligns with PPG's goal to have 40% of its sales by 2025 from sustainably advantaged products. "Already recognized as an innovator in powder coatings, PPG has demonstrated leadership through powder advancements, including edge coverage and fluoroethylene vinyl ether fluoropolymer coatings for architectural metals," said Michael Shukov, PPG general manager, industrial coatings, Europe, Middle East and Africa. "PPG is the only total solution provider who can supply and service powder and all other coatings technologies. We are pleased that the addition of this business will offer our EMEA customers expanded powder coating options to meet increasing demand for these sustainably advantaged coatings." Powder coatings are one of the fastest growing coating technologies due to their sustainability benefits and excellent performance properties. Powder coatings do not release solvents given their low-VOC nature and are fully reusable, meaning paint that is not deposited on a substrate during application returns to the paint system to reduce waste. In an ongoing commitment to sustainable innovations that exceed customer needs, PPG is investing in powder capabilities across the globe. "We are proud that PPG has chosen to invest in the field of powder coatings by acquiring Arsonsisi's powder coating division," said Carlo Junghanns, Chairman of Arsonsisi S.p.A.."We have confidence in PPG's commitment to carry on our legacy, and in their ability to continue to supply our loyal customers with the high-performance powder coatings they require."
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KTOS | Hot Stocks08:06 EST Kratos Defense wins $14M in contract awards for drone system logistics support - Kratos Defense & Security Solutions announced that it has recently received approximately $14M in contract awards for logistics support, spares, consumables, and support needed to address the growing demand for Kratos' customer drone system operations. Due to customer-related, competitive, security, and other considerations, no additional information will be provided. Steve Fendley, President of the Kratos Unmanned Systems Division, said, "These awards signal that with the pent-up demand for increased operational missions, Kratos drones are well-supported with the various parts, consumables, logistics, and engineering support necessary to keep our customers' air vehicles flying and enabling operations personnel to maintain a high level of readiness. We are proud that our systems continue to be procured and operated all over the world."
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IMAX | Hot Stocks08:05 EST Imax captures $23.5M in box office during 2022 Chinese New Year holiday - Imax captured $23.5M in box office during the 2022 Chinese New Year holiday. The Filmed for IMAX blockbuster "The Battle at Lake Changjin 2" - shot with IMAX certified digital cameras and presented in IMAX exclusive 1.90 IMAX Expanded Aspect Ratio for the entirety of the film - emerged victorious with $23.3M in IMAX box office, marking the third-best six-day performance for an IMAX Chinese New Year release. IMAX captured nearly 6% of the film's total gross for the holiday on only 1% of the screens.
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QRVO | Hot Stocks08:05 EST Qorvo awarded $4.1M NIH contract for SARS-CoV-2/Flu Combo, Antigen Pooling - Qorvo announced it has been awarded a $4.1M follow-on contract with the National Institutes of Health, NIH, through the Rapid Acceleration of Diagnostics initiative. The contract, awarded to Qorvo Biotechnologies, a wholly owned subsidiary of Qorvo, will help advance the clinical trials and market launch of both a SARS-CoV-2/ Flu Combo Assay and SARS-CoV-2 Antigen Pooling on the Qorvo Omnia diagnostic test platform. The SARS-CoV-2/Flu Combo Assay will simultaneously detect and differentiate between SARS-CoV-2, Flu A and Flu B in an all-in-one test using a single swab sample in approximately 20 minutes. Combined with a previous NIH contract award of $24.4 million, this award positions Qorvo to accelerate the production and market launch of multiple COVID testing solutions using a single platform. Philip Chesley, president of Qorvo Biotechnologies, said, "Today's COVID testing market is demanding high quality testing infrastructure at the point of care, with automated workflow, menu expansion and scalability to serve future needs of the pandemic. This contract award and continued RADx support enable Qorvo to more effectively address the expanding requirements of diverse end use settings."
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CMI WPRT | Hot Stocks08:04 EST Cummins to purchase remaining shares in former Cummins Westport JV - Cummins Inc. (CMI) and Westport Fuel Systems Inc. (WPRT) have agreed to a share purchase agreement for the sale of Westport's stake in the Cummins Westport Joint Venture with CMI continuing to operate the business as the sole owner. As previously reported, the Cummins Westport Inc. joint venture agreement terminated effective December 31, 2021. As part of the agreement, Cummins also will buy Westport's interest in the JV's intellectual property, developed by the JV in support of the JV's spark ignited engines, with proceeds to Westport of $20,000,000. Cummins and Westport have also agreed to conduct an initial technical assessment of Westport's hydrogen high pressure direct injection system for potential use on CMI's hydrogen applications.
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REZI NWL | Hot Stocks08:03 EST Resideo to acquire First Alert from Newell Brands for $593M in cash - Resideo Technologies (REZI) announced that it has entered into a definitive agreement to acquire First Alert, a provider of home safety products, from Newell Brands (NWL) for $593M in an all cash transaction, or approximately $547M net of expected future tax benefits. For the year ended December 31, 2021, First Alert generated approximately $395 million of sales and adjusted EBITDA of approximately $55M. Resideo is targeting $30M in annual cost synergies by the end of 2023 from the integration of manufacturing and distribution operations, and general operational and business support efficiency efforts. Resideo expects to realize approximately $46M in net present value of tax benefits as a result of making a joint election with Newell under Section 338(h)(10) of the Internal Revenue Code, which treats the majority of the transaction as an asset purchase for tax purposes. Net of the present value of the anticipated acquired tax benefits and including expected cost synergies, the purchase price represents a multiple of approximately 6.4x 2021 adjusted EBITDA. First Alert has over 2,800 employees and its operations include manufacturing in Juarez, Mexico, and a primary distribution facility in El Paso, Texas. The transaction is expected to be completed in the first quarter, and is subject to customary closing conditions, including receipt of applicable regulatory approvals.
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GBOX | Hot Stocks08:03 EST GreenBox appoints Min Wei as Chief Operating Officer - GreenBox announced the appointment of Min Wei as the organization's Chief Operating Officer, replacing Vanessa Luna, who will transition into a newly created role to lead a growing global sales organization for the business. Wei will report directly to Chief Executive Officer, Fredi Nisan. "Wei will steward strategic business planning, leaning on his cross functional management experience in finance, programs, global services and operations, data analytics, quality and compliance," the company said.
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APO | Hot Stocks08:02 EST Apollo Hybrid Value to invest $125M in Hero FinCorp - Apollo announced that funds within its Hybrid Value strategy have committed to invest $125M in Hero FinCorp Limited, one of the largest privately owned non-banking financial companies in India with a $3.7B loan book. The commitment is part of a $267M fundraise by the Company, in which Apollo funds are investing alongside the Hero Group, a key sponsor of HFL. This investment continues the strong pace of activity of Apollo's Hybrid Value strategy, which has led more than $11B of investment commitments since inception. The investment will support HFL's growth strategy as the Company continues to diversify its product offerings across retail and corporate lending. HFL was founded as a financier to customers of its parent company, Hero Motocorp, the world's largest two-wheeler manufacturer, and the Company has since expanded to become one of India's fastest growing NBFCs. Through this fundraise, HFL was seeking a value-added capital partner to help the execute its growth plans across various product segments. Apollo's Hybrid Value team was able to create a timely equity solution, enabling HFL's shareholders and management team to pursue their goals. The investment in HFL is subject to the satisfaction of customary closing conditions, including receipt of certain regulatory approvals, and is expected to close in Q2 2022. Shardul Amarchand Mangaldas & Co served as legal counsel to the Apollo Funds.
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NGM | Hot Stocks08:02 EST NGM Biopharmaceuticals receives Fast Track designation from FDA for NGM621 - NGM Biopharmaceuticals announced that the U.S. Food and Drug Administration has granted Fast Track designation to NGM621 for the treatment of patients with geographic atrophy secondary to age-related macular degeneration. NGM Bio is currently evaluating NGM621 in its ongoing Phase 2 CATALINA study and a topline data readout is expected in the fourth quarter of 2022. "The FDA's decision to grant Fast Track designation to NGM621 is an important milestone underscoring the high unmet medical need for patients with geographic atrophy as well as the potential of NGM621 to alter the course of this disease for those underserved patients," stated Erin Henry Ph.D., Head of Ophthalmology at NGM Bio. "Patients living with geographic atrophy lose approximately one line of vision on the eye chart each year, impacting their ability to do everyday tasks such as driving and reading and reducing their independence and quality of life. We are committed to improving outcomes for these patients and this designation, with its potential for more frequent interactions with the FDA, may help accelerate our efforts to do so."
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AXLA | Hot Stocks08:00 EST Axcella Health appoints Robert Crane as CFO - Axcella announced the appointment of Robert Crane as the company's new CFO. Crane brings to Axcella over 35 years of experience building therapeutics, diagnostics and medical device companies. Following his role as a partner of the venture capital firm Montgomery Ventures, he has served as CFO and in senior leadership roles for a number of public and private life sciences companies.
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GOL AAL | Hot Stocks07:49 EST Gol Linhas, American Airlines sign investment agreement - GOL Linhas Aereas Inteligentes (GOL) announces that it has entered into definitive arrangements through an investment agreement with American Airlines (AAL) for expansion of its commercial cooperation with American and an equity investment in the amount of $200M by American in 22.2M newly issued preferred shares of GOL through a capital increase for a 5.2% participation in GOL's economic interest. The closing of the transaction, including the issuance and payment for newly issued preferred shares of GOL, is subject to customary closing conditions, including antitrust approval in Brazil.
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J | Hot Stocks07:47 EST Jacobs acquires StreetLight Data - Jacobs announced it has acquired StreetLight Data, a pioneer of mobility analytics who uses its vast data and machine learning resources to shed light on mobility, enabling users to solve complex transportation problems. The addition of StreetLight accelerates Jacobs' strategy in growing its end-to-end digital solutions portfolio and focus on ESG, while adding highly recurring revenue software businesses. StreetLight applies proprietary processing technology to location data from millions of mobile devices, connected vehicles, IoT sensors and geospatial databases to measure multimodal travel patterns - and makes them available via its online SaaS solution StreetLight InSight. Designed for smart cities and the transportation industry, the on-demand software provides industry-targeted analytic tools to support critical infrastructure planning, investment and policy decisions.
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CRNC | Hot Stocks07:40 EST Cerence CFO Mark Gallenberger to retire - Cerence announced that Mark Gallenberger, CFO, will retire effective March 11, 2022. Gallenberger will remain with Cerence in an advisory role through mid-November 2022 to ensure continuity in the business and an orderly transition to a new CFO. Mitch Cohen has joined Cerence this week and will serve in an interim role to provide oversight of the finance organization. Cerence has retained Heidrick & Struggles, a leading international executive search firm, to assist the Company in a thorough and thoughtful search for a new CFO. Prior to joining Cerence, Cohen was a consulting CFO for various companies through his entity, MMC Ventures LLC.
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LH | Hot Stocks07:39 EST LabCorp opens new lab in South Bend, expanding services in the Midwest - Labcorp announced the opening of a new diagnostics laboratory in South Bend, Indiana, allowing the company to enhance service levels and offerings to patients and physicians in South Bend and throughout the region. The approximately 25,000-square-foot facility features expanded capabilities and new equipment for performing high-quality and efficient testing-creating more robust lab offerings for the community. The laboratory, which currently employs 100 individuals, will include STAT testing to expedite results for high-priority tests. "This new lab offers increased capabilities for microbiology testing, allowing for a more flexible test menu that is tailored to fit the needs of our providers," said Amy Rhine-Pallas, senior vice president of Labcorp's North Central Division. "Ultimately, this leads to better patient diagnoses and outcomes. Our goal is to continue to invest in and provide the highest-quality service to patients and health care providers across the Midwest."
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MRMD | Hot Stocks07:38 EST Marimed announces availability of brands, products in Delaware - MariMed announced that its cannabis brands and products are now available in Delaware. As a result of new regulations in the Delaware Medical Marijuana program, MariMed has expanded its licensing agreement with First State Compassion Center, a Delaware vertically integrated cannabis operator, to produce and distribute its branded cannabis edibles. First State Compassion will have exclusive rights to produce and distribute MariMed's Betty's Eddies infused fruit chews, Bubby's Baked soft and chewy, full-spectrum cannabis baked bites, and k FUSION chewable micro-dose mints. MariMed and FSC have a longstanding advisory relationship. FSC currently licenses MariMed's Nature's Heritage premium flower and concentrates brand. With the addition of Delaware, MariMed's brands will now be available in six states plus Puerto Rico with more to come in the future.
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AYRWF | Hot Stocks07:38 EST Ayr Wellness opens 45th Florida dispensary in Tampa - Ayr Wellness announced the opening of its 45th Florida dispensary, located in South Tampa. "I'm proud to see our Florida team continue to thoughtfully expand our presence throughout the state, leading with the quality of the locations we are securing and the new stores that we're building," said Jon Sandelman, Founder, Chairman and CEO of Ayr. "Combined with recent improvements in selection in our stores - Origyn Extracts, Secret Orchard Sun Gems and fruit-forward vapes, Big Pete's Cookies, and enhanced flower offerings - we feel better than ever about customer experience throughout our 45-store Florida footprint. We still have more to do to realize our full potential, but we're very excited about progress so far."
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ACHL | Hot Stocks07:37 EST Achilles Therapeutics appoints Gros, Creelan to SAB - Achilles Therapeutics announced the appointment of Alena Gros, Ph.D. and Ben Creelan, M.D. to its Scientific Advisory Board, SAB. Dr. Alena Gros currently serves as Principal Investigator of the Tumor Immunology and Immunotherapy Group at Vall d'Hebron Institute of Oncology in Barcelona, Spain. Dr. Ben Creelan is a medical oncologist and clinical and translational research physician in the thoracic oncology department at Moffitt Cancer Center, Tampa, FL.
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NAVB | Hot Stocks07:36 EST Navidea in pact with Penn studying Tc99m tilmanocep as a GBM marker - Navidea Biopharmaceuticals announced the signing of a Sponsored Research Agreement with the University of Pennsylvania for a project to evaluate the use of Tc99m tilmanocept imaging in glioblastoma as a prognostic agent for tumor growth rate and overall survival. The research is led by Principal Investigator Ali Nabavizadeh, MD, of the Department of Radiology in the Perelman School of Medicine at Penn. Glioblastoma is the most aggressive and most common primary central nervous system tumor in adults and there is an urgent need for new therapies. Macrophages play an important role in tumor biology. They are a major population of non-cancer cells in GBM, representing as many as half of all cells in some cases. These Tumor Associated Macrophages may then be a viable target for tumor therapies or serve as a biomarker for monitoring tumor status. Broadly, active macrophages can be of a tumor suppressing type, M1 macrophages, or of a tumor promoting type, M2 macrophages. The TAMs are typically M2-like and are known to express high levels of CD206, the macrophage mannose receptor that Tc99m tilmanocept targets. This research has as its hypothesis that the M2 TAMs in GBM can be imaged with Tc99m tilmanocept, and that this imaging can serve as a predictive tool for outcome with and without use of an immunotherapy that works in part to change the M2-like macrophage population to a more M1-like state, promoting tumor killing.
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TMDI | Hot Stocks07:33 EST Titan Medical surpasses 200 patents, patent applications - Titan Medical announced that it has surpassed 200 patents and patent applications. Recent patents issued to the company include U.S. Design Patent No. D940,736 for a robotic instrument graphical user interface, European Patent No. 2785267 for a novel patient cart, U.S. Patent No. 11,179,209 for autonomous control systems, and U.S. Patent Nos. 11,166,771 and 11,166,769, each directed at ergonomic aspects of robotic hand controllers.
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TSN | Hot Stocks07:32 EST Tyson Foods targets $1B in productivity savings by end of fiscal 2024 - For fiscal 2022, the United States Department of Agriculture indicates domestic protein production should be relatively flat as compared to fiscal 2021 levels. The company said, "Beginning in fiscal 2022, we launched a new productivity program, which is designed to drive a better, faster and more agile organization that is supported by a culture of continuous improvement and faster decision making. We are targeting $1 billion in productivity savings by the end of fiscal 2024 and $300 million to $400 million in fiscal 2022, relative to a fiscal 2021 cost baseline. We are currently on track to achieve our planned productivity savings for fiscal 2022."
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ENDP | Hot Stocks07:31 EST Endo launches Vasostrict injection in ready-to use bottles - Endo International announced that its Par Sterile Products business has begun shipping VASOSTRICT, vasopressin injection, USP, in ready-to-use 100 mL pre-mix bottles. It's the first and only ready-to-use formulation of the drug. Ready-to-use, or RTU, products help streamline operations for hospitals by eliminating the need to prepare or transfer the product before patient administration. This may reduce waste and costs, optimize convenience and workflow, and heighten accuracy and compliance by reducing the chance for preparation error-all of which support quality patient care.
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CLVT | Hot Stocks07:31 EST Clarivate announces $1B share repurchase program - Clarivate announced that its Board of Directors has approved the purchase of up to $1B of the company's ordinary shares through open-market purchases, to be executed through December 31, 2023.
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NFYEF | Hot Stocks07:26 EST NFI Group selected by PSTA as approved supplier of electric transit buses - NFI Group announced that NFI has been selected by the Pinellas Suncoast Transit Authority as an approved supplier of electric transit buses and charging and associated equipment for the Purchase Schedule for the State of Florida. The schedule, facilitated through PSTA, simplifies the procurement process of zero-emission, battery-electric heavy-duty transit buses, coaches, and associated charging infrastructure for any transit authority, or any city, county, or State government agency within the State of Florida for up to five years. The base term is two years, with options to extend for three additional one-year periods. Under the contract, NFI can supply its electric mobility solutions from subsidiaries New Flyer of America and Motor Coach Industries, including next generation, battery-electric Xcelsior CHARGE NG buses in all lengths, and the Buy America-compliant zero-emission D45 CRT LE CHARGE coach, as well as charging infrastructure by NFI Infrastructure Solutions including depot and on-route chargers.
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DAL | Hot Stocks07:17 EST Delta CEO asks attorney general to bar unruly passengers from flying - Delta Air Lines CEO Ed Bastian sent a letter sent to attorney general Merrick Garland. "At Delta, nothing is more important than ensuring a safe and secure travel experience for consumers as they reclaim the skies in the months ahead. That's why, on behalf of Delta's entire family of 75,000 employees, I want to thank you for your recent steps to prioritize the prosecution of federal crimes that endanger the safety and security of our people and customers... While such cases represent a small fraction of overall flights, the rate of incidents with unruly passengers on Delta has increased nearly 100 percent since 2019. We fully support using the full force of the law in these cases... In addition to the welcome increase in enforcement and prosecutions, we are requesting you support our efforts with respect to the much-needed step of putting any person convicted of an on-board disruption on a national, comprehensive, unruly passenger "no-fly" list that would bar that person from traveling on any commercial air carrier. This action will help prevent future incidents and serve as a strong symbol of the consequences of not complying with crew member instructions on commercial aircraft... Delta's mission is to connect people and communities, create opportunities and foster understanding - something that's only possible in a safe and secure environment. Thank you for your continued partnership to safeguard our nation's air travel system as we move forward together." Reference Link
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FB | Hot Stocks07:16 EST Australian Court rejects Facebook's appeal over Cambridge Analytica data - The full bench of the Federal Court rejected Facebook appeal to set aside an earlier ruling by Justice Thawley of the Federal Court granting the Australian Information Commissioner leave to serve legal documents on the US-based entity. Australian Information Commissioner and Privacy Commissioner Angelene Falk said her office would continue to move forward with the case. The Commissioner filed proceedings against Facebook and Facebook Ireland in the Federal Court in March 2020, alleging the social media platform committed serious and/or repeated interferences with privacy in contravention of Australian privacy law. The Commissioner subsequently applied for and obtained leave to serve the initiating court documents on Facebook and Facebook Ireland. In a ruling released in September 2020, the Court dismissed an interlocutory application made by Facebook seeking to set aside its 22 April orders. Justice Thawley was satisfied that the Commissioner had established a prima facie case that Facebook was carrying on business in Australia, and was collecting and holding personal information in Australia at the relevant time. Facebook subsequently appealed Justice Thawley's ruling to the full Federal Court. Facebook Ireland did not apply to set aside service. Reference Link
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KTOS... | Hot Stocks07:16 EST The Digital IF Interoperability Consortium announces five new members - The Digital IF Interoperability Consortium announced the addition of five new members from across space industry sectors, including: ViaLite Communications - a designer and manufacturer of RF-over-fiber links and systems; Swedish Microwave AB - a maker of frequency converters and components; Cobham SATCOM - a developer of satellite and radio communication terminals; Science Applications International Corporation (SAIC) - a technology integrator across defense, space, civilian and intelligence markets; and National Space Organization - develops and conducts researches on aerospace and natural science in Taiwan. DIFI members are coming together to support innovation and the digital transformation of space, satellite and related network technologies through the development of industry interoperability standards. In August, DIFI introduced version 1.0 of its interoperability standard based upon VITA 49, entitled IEEE-ISTO Std 4900-2021: Digital IF Interoperability Standard. The founding members of DIFI include Hawkeye 360, Intelsat, Kongsberg Satellite Services, Kratos Defense & Security Solutions (KTOS), Microsoft (MSFT), and the U.S. Navy.
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HUSN KCDMY | Hot Stocks07:14 EST Freight App secures contract with Kimberly-Clark de Mexico - Hudson Capital (HUSN) announced that Freight App launched a new technology solution for committed capacity planning called Fr8PrivateFleet and secured its first contract with Kimberly Clark de Mexico (KCDMY). Javier Selgas, CEO of Fr8App, said, "At Fr8App, we create technology solutions that contribute to our customers' success by improving their efficiency and profitability. We are thrilled to unveil our latest offering, Fr8PrivateFleet, which matches carriers with the capacity to provide certain amounts of carriage services over time rather than on a trip-by-trip basis. Our new technology solution for committed capacity planning enables participating carriers to have a steady stream of revenue while solving shippers' need to secure freight capacity over time, especially in today's tight market."
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CDNA | Hot Stocks07:12 EST CareDx partners with MOTTEP for 'Heart Health' webinar - CareDx announced that in partnership with MOTTEP, The National Minority Organ Tissue Transplant Education Program, and in recognition of Black History Month and Heart Month, both occurring in February, it is hosting a webinar focused on educating kidney transplant on how to maintain optimal heart health to help prevent cardiovascular complications, which can contribute to kidney transplant failure. The webinar will take place on Thursday, February 10, 2022, 6-7pm EST/ 3-4pm PST. The webinar will be moderated by Dr. Velma Scantlebury, the first African-American, female transplant surgeon. The panel will cover: Getting on an organ transplant waitlist; Pre-existing conditions and their impact on kidney transplant; Maintaining good heart health post-kidney transplant; Managing post-transplant diabetes and high blood pressure.
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GTBIF | Hot Stocks07:11 EST Green Thumb Industries to open two Rise retail locations in Virginia - Green Thumb Industries announced it will open two new retail locations in Virginia: Rise Lynchburg on February 8; and Rise Christiansburg on February 10. Profits from the first day of sales will be donated to local organizations for each store opening: Rise Lynchburg will donate to Shawn Moss Wellness and Growth Foundation and Rise Christiansburg will donate to Montgomery County Emergency Assistance Program. "We are thrilled to expand our footprint to 75 stores across the nation, while increasing our retail presence in Virginia," said Green Thumb Founder and Chief Executive Officer Ben Kovler. "Since entering the state last summer, we have had the opportunity to meet many patients and community members, and we are ready to introduce the Rise experience to more of our neighbors in these two cities. We are also proud to support the Shawn Moss Wellness and Growth Foundation, an organization that is making a huge impact in communities affected by gun violence, and the MCEAP, which supports many residents and their path to restored self-sufficiency by providing access to food and clothing."
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ORGN | Hot Stocks07:11 EST Origin Materials and Minafin Group in strategic pact to industrialize material - Origin Materials, and the Green Chemistry Division of the Minafin Group are entering into a strategic partnership to industrialize high-value specialty materials based on Origin's carbon-negative materials. The partnership includes multiple collaboration areas and is an important milestone for bringing cost-competitive biobased products to the market, with applications in the pharmaceutical, agricultural, cosmetics and personal care, and automotive industries. As part of the partnership, Minafin affiliate Pennakem aims to develop new technologies with Origin to further expand the market for Pennakem's biobased products. Through this partnership, Origin aims to develop and industrialize additional high-value products based on its core technology platform, leveraging the proprietary technologies, manufacturing know-how and customer relationships of Minafin. In addition, Minafin business unit EcoXtract is in discussions with Origin to commercialize its revolutionary biobased extraction process using sustainable carbon-negative materials produced by Origin. The EcoXtract process efficiently extracts useful plant oils for food, cosmetics, and other applications.
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AKUS | Hot Stocks07:10 EST Akouos presents nonclinical data at ARO annual meeting - Akouos presented nonclinical data at the Association for Research in Otolaryngology, ARO, 45th Annual Mid-Winter Meeting that support future development of gene therapies targeting inner ear conditions. The company shared the data in two podium presentations and one poster. "Demonstration of Secreted Protein Expression Levels Following Intracochlear Delivery of AK-antiVEGF Across Multiple Doses in Non-human Primates." AK-antiVEGF is a gene therapy candidate in preclinical development for the potential treatment of patients with vestibular schwannomas. Local expression of anti-VEGF protein following intracochlear administration of AK-antiVEGF is robust and well tolerated in non-human primates, an anatomically relevant model for evaluating delivery parameters. Data from two nonclinical studies evaluating multiple doses demonstrate that systemic exposure to anti-VEGF protein is limited. Computational modelling supports the potential for diffusion of reported biologically active anti-VEGF protein levels to the typical location of early VS tumors. Together, these data support the future clinical development of AK-antiVEGF for the potential treatment of VS. "Tailoring Regulatory Elements in Gene Therapies for Hearing Loss." In mice and NHPs, AAVAnc80-hOTOF with a ubiquitous promoter enabled robust and well-tolerated expression of hOTOF.FLAG. However, depending on the gene of interest, a tailored regulation of expression pattern may be preferred. Inclusion of a selective promoter was evaluated in the case of GJB2, where expression in hair cells is not well tolerated. Akouos developed a method to guide customization of regulatory elements based on bioinformatic efforts. Future work will include customization of regulatory elements where this may be beneficial. "In Vitro Characterization of Gene Silencing Methods with the Potential to Treat Autosomal Dominant Hearing Loss." The development of AAV vectors as an intracochlear drug delivery platform presents a unique opportunity to treat genetic forms of hearing loss, including autosomal dominant hearing loss, by developing precision medicines that are selectively designed to target affected genes. To address affected genes, one genetic medicine-based approach is to reduce expression levels of both alleles and simultaneously deliver a functional copy of the gene. The data show no measurable decrease in the protein product of a codon-modified add-back target gene, suggesting that the microRNA and CRISPR/Cas9 constructs are selective for the intended endogenous sequence.
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SAVE ULCC | Hot Stocks07:10 EST Spirit Airlines jumps 10% to $23.88 after merger announcement with Frontier Group
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CSCW AAPL | Hot Stocks07:09 EST Color Star Technology's metaverse "Color World" available in Apple's store - Color Star Technology (CSCW) announced that its entertainment metaverse "Color World" software is available for download in Apple's (AAPL) IOS App Store. This newly released version is a public beta and its features include in-game social features, long distance conferencing, celebrity interactions, and a marketplace. Users worldwide can search for "Color World Metaverse" on the App Store to download the app. The Android version will soon also be made available following the completion of the review process by the Play Store. The current release is a beta version, and Color Star hopes that users can provide valuable feedback in order to improve the software's functionality and the user experience.
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VERI | Hot Stocks07:08 EST DoD picks Veritone as AI partner for $249M BPA by DoD to advance AI - Veritone announced it has been selected as an AI partner in a $249M Blanket Purchase Agreement BPA awarded by the Department of Defense, DoD, Joint Artificial Intelligence Center JAIC. Under the terms of the agreement, the JAIC will be able to leverage the Veritone aiWARE platform and key applications for Test & Evaluation capabilities to accelerate the government's full spectrum of emerging AI technologies including Machine Learning , Deep Learning , and Neural Networks. "We are pleased to be among the select companies entrusted by the DoD to advance its mission to accelerate the delivery of AI-enabled capabilities, scale the department-wide impact of AI, and synchronize DoD AI activities to expand Joint Force advantages," said Jon Gacek, head of government, Veritone. "To keep up with the ever-increasing velocity and influx of multi-intelligence , the DoD must employ a platform that can accommodate bespoke AI models to extract actionable insights from each INT type, while also having the capability to test and evaluate all resulting model predictions at scale. With the flexibility to test, evaluate and run such AI models, the need to monitor those running processes over time is critical for not only performance but also maintaining costs and processing within acceptable control parameters. Veritone aiWARE allows these processes to scale at the organizational level across many development and operational environments as needed. By making T&E of AI/ML models systematic, scalable, serviceable and user friendly, non-technical personnel can also compare and determine model drift, accuracy, bias and vulnerability to ultimately foster trust and reliance of deployed AI solutions."
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LSPD | Hot Stocks07:07 EST Lightspeed announces direct selling, advertising on TikTok via Ecwid - Lightspeed announced that Lightspeed eCommerce merchants using the recently acquired Ecwid integration can sell to consumers directly through TikTok. This announcement comes months after an initial integration with Ecwid that powered advertising management on TikTok directly through the Lightspeed platform. Direct selling on TikTok For Business is now available to limited Ecwid by Lightspeed customers in the U.S. and the UK.
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QURE | Hot Stocks07:06 EST uniQure announces dosing of first patients in Phase Ib/II trial of AMT-130 - uniQure announced the dosing of the first two patients in its European open-label Phase Ib/II clinical trial of AMT-130, a potential one-time gene-therapy approach for the treatment of Huntington's disease. The clinical trial is taking place at several sites in Poland, the United Kingdom and Germany. "We are very pleased to expand the clinical development of AMT-130 and to build on our ongoing experience in the Phase I/II clinical trial in the United States," stated Ricardo Dolmetsch, Ph.D., president of research and development at uniQure. "We expect to complete patient enrollment in this European study by the end of the year and to provide safety and target-engagement data from the full 10-patient, low-dose cohort in the U.S. trial in the second quarter of this year." The European Phase Ib/II clinical trial of AMT-130 for the treatment of Huntington's disease will explore the safety, proof of concept, and dosing in 15 total patients with early manifest Huntington's disease split into a five person, low-dose open-label cohort, followed by a nine patient, higher-dose open-label cohort. All patients will be dosed with AMT-130.
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BMBL | Hot Stocks07:06 EST Bumble acquires dating app Fruitz, terms not disclosed - Bumble announced the acquisition of Fruitz, a fast growing dating app in Europe. Since its launch in 2017, Fruitz has seen rapid growth across France, Belgium, Netherlands, Switzerland, Spain, and Canada. The dating app is particularly popular with Gen Z, a growing segment of online dating consumers. Fruitz was co-founded by Julian Kabab, Fabrice Bascoulergue, and Arnaud Ruols who have led the app's growth into a significant player in the dating category. The well-known French app encourages open and honest communication of dating intentions through four playful fruit metaphors - cherries, grapes, watermelons, and peaches. Similar to both Bumble and Badoo, it is a freemium app. This is Bumble Inc.'s first acquisition, in support of its mission of creating a world where all relationships are healthy and equitable. Fruitz is a natural fit within Bumble Inc., complementing its existing Bumble and Badoo apps. The founders and Fruitz team will be staying on and leading the app within Bumble Inc. With this acquisition, Bumble Inc. will combine Fruitz's dynamic Gen Z oriented product with its industry-leading machine learning, marketing, localization, and safety platforms. Bumble Inc. will now include Bumble, Badoo, and Fruitz apps with more than 800 employees with key offices in Austin, London, Barcelona, Paris, and Moscow.
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EVLO | Hot Stocks07:05 EST Evelo announces significant reductions in cytokines in Phase 2 trial of EDP1815 - Evelo Biosciences announced the results of immunological biomarker analyses from its previously reported Phase 2 trial of orally-dosed EDP1815 in mild and moderate psoriasis. Evelo previously reported reductions in inflammatory cytokines in a Phase 1b trial of EDP1815 in mild and moderate psoriasis. These data have now been replicated in the Phase 2 psoriasis trial, with high statistical significance. Blood samples were taken from 96 patients at baseline and after 16 weeks of dosing with EDP1815 or placebo. Three different stimuli were used on each sample and the results from all three stimuli are presented together in the figures, giving the aggregate N numbers shown in the figures. Treatment with EDP1815 led to a statistically significant reduction in the release of cytokines compared to placebo. The effect of EDP1815 is clearly seen by the deep tail of reduced cytokine production on the left of the distribution for each cytokine, which is absent in the placebo groups. There was no worsening compared to placebo on the right of the distributions, resulting in the overall significant difference between EDP1815 and placebo. In addition, skin biopsies of active lesions were taken from a subset of six patients who received EDP1815 and achieved at least a 50% improvement in their Psoriasis Area and Severity Index score from baseline at week 16. RNAseq analysis showed reductions in transcript levels for psoriasis-relevant cytokines interleukin 23, interleukin 12b, and interleukin 17 in these lesions between baseline and week 16. These data were consistent with the systemic effects in blood described above, suggesting that EDP1815 reduces inflammation in the skin by modulating multiple proinflammatory cytokines systemically. There was no observed distribution of EDP1815 outside the gut. In the Phase 2 trial, EDP1815 was observed to have safety and tolerability data comparable to placebo. Six-month follow-up efficacy and safety data from the Phase 2 trial will be available later this quarter.
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WPM | Hot Stocks07:05 EST Wheaton sees FY22 gold equivalent ounces production 700,000-760,000 - The company said, "In 2022, gold equivalent production is forecast to remain comparatively unchanged relative to 2021 as expected stronger attributable production from Constancia, Salobo, Sudbury and Keno Hill is forecast to be offset by weaker production from Antamina, Voisey's Bay and 777. Attributable production is forecast to increase at: Constancia due to higher grades associated with the mining of the Pampacancha deposit; Salobo due to uninterrupted operations in 2022 as well as the initial start-up of the Salobo III mine expansion in the latter half of 2022; Sudbury due to uninterrupted operations in 2022 as well as the restart of mining operations at the Totten mine; and Keno Hill due to the continued ramp-up of operations. Attributable production is forecast to decrease at: Antamina due to lower mine grades as per the mine plan; Voisey's Bay due to the inclusion in 2021 of cobalt production that the Company was entitled to that was produced within prior periods; and 777 due to the mine reaching its end of life in 2022."
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SEED | Hot Stocks07:04 EST Origin Agritech sees FY22 revenue growth over 300%, expects to be profitable - Origin Agritech announced that it expects revenues to grow in excess of 300%, to over 150M RMB, and expects to turn a profit for fiscal 2022. The expected revenue growth is driven by both growth in its existing hybrid seed business and the addition of a new revenue stream of selling nutritionally enhanced crops to feedstock companies. Due to increased pre-orders, Origin is already sold out of its hybrid seeds for this year's planting season. The company is increasing its production capabilities for the next planting season as it expects this trend in demand to continue as climate change continues to pose increasingly significant challenges to farmers. Additionally, Origin expects its partnership with BaoDao Feed Ltd to provide sizable revenue growth. Its nutritionally enhanced corn varieties are able to eliminate the need for costly additives and are estimated to double the gross margins for the feedstock companies. Origin is currently in discussions for similar partnerships with other feedstock producers with the goal of creating bespoke crops for each customer, which Origin plans to achieve through its GMO and CRISPR technologies.
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AMG | Hot Stocks07:04 EST Affiliated Managers increases share repurchase authorization to 5.1M shares - During the fourth quarter of 2021, the Company repurchased approximately $120 million in common stock bringing total share repurchases to $510 million for the full year 2021, and announced a fourth-quarter cash dividend of $0.01 per share of common stock, payable March 3, 2022 to stockholders of record as of the close of business on February 17, 2022. In addition, AMG's Board of Directors increased the Company's share repurchase authorization to a total of 5.1 million shares.
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WPM | Hot Stocks07:03 EST Wheaton Precious Metals reports FY21 gold equivalent ounces production 750,220 - Wheaton Precios Metals reported 2021 gold equivalent ounces production of 750,220, within FY21 guidance of 735,000 to 765,000. "The importance of having a diversified, high-quality portfolio of low-cost assets was especially apparent in 2021. Strong performances from Penasquito, Antamina and Constancia more than offset challenges at some of our other mines and resulted in Wheaton's production meeting our guidance range yet again," said Randy Smallwood, Wheaton's President and CEO ", Wheaton further diversified its asset base in 2021 by adding five additional streams on development assets, which will contribute to our steady organic growth over the next five years. Given the strong tenure of our reserve and resource base, we are also pleased to present ten-year production guidance showing continued strength in our portfolio."
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BLD | Hot Stocks07:02 EST TopBuild acquires Billings Insulation - TopBuild has acquired Billings Insulation, a residential insulation installer serving the Montana and Northern Wyoming markets. Billings has serviced a wide range of customers for over 17 years. Robert Buck, President and CEO of TopBuild, noted, "Billings Insulation has a solid and growing customer base due to its outstanding reputation in the markets it serves. We welcome Billings to TruTeam and are pleased to note that since November, we have added three residential insulation installation companies to TopBuild."
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DSGX | Hot Stocks06:55 EST Descartes' route planning solution selected by Atlantic Tire Distributors - Descartes Systems Group announced that Edenton, NC-based Atlantic Tire Distributors will use Descartes' cloud-based route planning solution to improve the efficiency of its delivery operations to wholesale customers across North Carolina, South Carolina and Virginia. Descartes' integrated routing and mobile solution provides an easy way to plan, optimize, dispatch routes, track and monitor delivery fleets in real-time.
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ZBH | Hot Stocks06:53 EST Zimmer Biomet announces expected completion date for ZimVie spinoff - Zimmer Biomet announced that its board of directors has declared a pro rata dividend of 80.3% of the outstanding common stock of ZimVie to Zimmer Biomet shareholders of record as of the close of business on February 15. The dividend is payable at March 1. As a result of the dividend, Zimmer Biomet shareholders will receive one share of ZimVie common stock for every ten shares of Zimmer Biomet common stock they hold on the record date. Immediately following the dividend, Zimmer Biomet will retain 19.7% of the outstanding shares of ZimVie common stock, which Zimmer Biomet intends to divest after the separation in a tax-efficient manner. Fractional shares of ZimVie common stock will not be distributed to Zimmer Biomet shareholders. Instead, the fractional shares of ZimVie common stock will be aggregated and sold in the open market, with the net proceeds distributed pro rata in cash payments to the Zimmer Biomet shareholders who otherwise would have received fractional shares of ZimVie common stock. No action is required by Zimmer Biomet shareholders to receive the distributed shares of ZimVie common stock. The distribution of ZimVie common stock remains subject to the satisfaction or waiver of customary conditions, as described in the information statement. There is no current market for ZimVie common stock. "When-issued" trading of ZimVie common stock is expected to begin on February 14 on Nasdaq. "Regular-way" trading of ZimVie common stock is expected to begin on Nasdaq on March 1 under the symbol (ZIMV). The "when-issued" trading market is a market for ZimVie common stock that will be distributed to holders of Zimmer Biomet common stock at March 1. Shareholders who own Zimmer Biomet common stock at the close of business on the record date will be entitled to ZimVie common stock distributed pursuant to the distribution and may trade this entitlement to shares of ZimVie common stock, without Zimmer Biomet common stock they own, on the "when-issued" market. Shares of Zimmer Biomet common stock will continue to trade "regular-way" on the NYSE under the symbol (ZBH) through and after the distribution date. Zimmer Biomet expects that, beginning February 15, there will be two markets in Zimmer Biomet common stock on the NYSE.
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DTC | Hot Stocks06:51 EST Solo Brands announces CFO transition plan, reaffirms Q4, FY21 guidance - Solo Brands announced that CFO Sam Simmons will begin transitioning from Solo Brands this year. Simmons will remain in the CFO role until a successor is named and then support the transition. The company has initiated a national search for his successor. The company plans to report fourth quarter and full year 2021 results in late-March. The company reaffirms the previous guidance provided in its press release on January 10 for the fourth quarter and the full year 2021.
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DSGX | Hot Stocks06:51 EST Descartes Systems' route planning solution selected by Edenton - Descartes Systems Group announced that Edenton, NC-based Atlantic Tire Distributors will use Descartes' cloud-based route planning solution to improve the efficiency of its delivery operations to wholesale customers across North Carolina, South Carolina and Virginia. Descartes' integrated routing and mobile solution provides an easy way to plan, optimize, dispatch routes, track and monitor delivery fleets in real-time.
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LIN CE | Hot Stocks06:47 EST Linde expands existing agreement with Celanese - Linde (LIN) announced it has expanded its existing agreement with Celanese (CE) and will begin supplying carbon dioxide and hydrogen to the Celanese manufacturing facility in Clear Lake, Texas. Linde currently supplies oxygen, nitrogen and carbon monoxide to the Clear Lake facility. Under the terms of the expanded agreement, Linde will now also supply carbon dioxide captured in its nearby carbon monoxide production facility. Celanese will use the carbon dioxide, plus hydrogen, as an alternative feedstock to produce methanol with a significantly lower carbon intensity in their Fairway Methanol joint venture. By using the carbon dioxide captured from Linde's facility, the hydrogen supplied by Linde will also have a lower carbon intensity. Supply is expected to commence in the first half of 2023.
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BRO | Hot Stocks06:46 EST Brown & Brown to acquire BdB Limited companies - J. Scott Penny, chief acquisitions officer of Brown & Brown, and the management ownership team of the BdB Limited companies, announced that Brown & Brown has entered into an agreement to acquire the general insurance operating companies of BdB. The transaction is expected to close in the second quarter, subject to certain closing conditions. Formed in 1993, BdB Limited has grown to be a preeminent specialist wholesale broker providing access to specialty insurance products for insurance professionals in both the UK and the European markets.
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TMQ SOUHY | Hot Stocks06:45 EST Trilogy Metals announces approved program, budget for Ambler Access Project - Trilogy Metals (TMQ) announced that the Alaska Industrial Development and Export Authority, or AIDEA, has formally approved the proposed plan and budget for the 2022 summer field season activities and services of up to $30.8M for the Ambler Access Project. The cost will be shared 50/50 by AIDEA and Ambler Metals, the joint venture operating company equally owned by Trilogy and South32 (SOUHY). The board of AIDEA, a public corporation of the State of Alaska with the purpose to promote, develop and advance the general prosperity and economic welfare of the people of Alaska, has authorized up to $15.4M for field season activities on the Ambler Access Project. These funds will be matched by up to another $15.4M from Ambler Metals under the terms of the Ambler Access Development Agreement that was approved by the AIDEA board on February 10, 2021, and subsequently executed by both parties. Both South32 and Trilogy have approved Ambler Metals portion of this budget. The $15.4M amount that Ambler Metals is contributing to this year's AAP budget is in addition to the $28.5M that was approved by Trilogy and South32 for the 2022 program at the Upper Kobuk Mineral Projects, or UKMP. During the 2022 field season, AIDEA will be carrying out additional work including, geotechnical investigations, right-of-way surveys, environmental studies, road and bridge engineering design work, and cultural resources work. According to AIDEA, the AAP is expected to create thousands of new jobs resulting in over $5B in wages paid during the lifetime of the project and that the bulk of the work force required for the construction, management and maintenance of the road will be from the local communities.
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SAVE ULCC | Hot Stocks06:43 EST Frontier, Spirit to combine in deal that implies $25.83 per Spirit share - Spirit Airlines (SAVE) and Frontier Group Holdings (ULCC) announced a definitive merger agreement under which the companies will combine, creating America's most competitive ultra-low fare airline. Under the terms of the merger agreement, which has been unanimously approved by the boards of directors of both companies, Spirit equity holders will receive 1.9126 shares of Frontier plus $2.13 in cash for each existing Spirit share they own. This implies a value of $25.83 per Spirit share at Frontier's closing stock price of $12.39 on February 4, 2022, representing a premium of 19% over the February 4, 2022, closing price of Spirit, and a 26% premium based on the 30 trading-day volume-weighted average prices of Frontier and Spirit. The transaction values Spirit at a fully diluted equity value of $2.9B, and a transaction value of $6.6B when accounting for the assumption of net debt and operating lease liabilities. Upon closing of the transaction, existing Frontier equity holders will own approximately 51.5% and existing Spirit equity holders will own approximately 48.5% of the combined airline, on a fully diluted basis, providing both Frontier and Spirit equity holders with substantial upside potential. The Board of Directors for the new airline will be comprised of 12 directors (including the CEO), seven of whom will be named by Frontier and five of whom will be named by Spirit. Franke will be Chairman of the Board of the combined company. The merger is expected to close in the second half of 2022, subject to satisfaction of customary closing conditions, including completion of the regulatory review process and approval by Spirit stockholders. Frontier's controlling stockholder has approved the transaction and related issuance of shares of Frontier common stock upon signing of the merger agreement. The combined company's management team, branding and headquarters will be determined by a committee led by Franke prior to close.
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HAS | Hot Stocks06:37 EST Hasbro says 'on track' with debt/adjusted EBITDA ratio of 2-2.5X by end of 2023 - Hasbro retired $1.08B of long-term debt in 2021. Combined with the 23% growth in adjusted EBITDA, the company reduced its gross debt to adjusted EBITDA ratio by 1.7X to 3.1X and remains on track to return to its 2.0 to 2.5X target by year-end 2023. A share repurchase program continues to be an important long-term component of Hasbro's capital allocation strategy and Hasbro has $367M available under its authorized share repurchase programs. "We anticipate resuming share repurchase when it is not expected to materially impact the timeline to reach leverage targets. The company believes this could be in the second half of 2023 or sooner, depending on business performance and other factors."
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ULCC SAVE | Hot Stocks06:36 EST Frontier, Spirit to combine in deal that implies $25.83 per Spirit share
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HAS | Hot Stocks06:35 EST Hasbro raises quarterly dividend 3% to 70c per share - The dividend will be payable on May 16 to shareholders of record at the close of business on May 2.
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GOOGL GOOG | Hot Stocks06:26 EST Google hit with EUR 2.1B lawsuit in Europe for favoring own shopping service - PriceRunner has sued Google for a preliminary amount of almost EUR 2.1B at the Patent and Market Court in Stockholm. The lawsuit follows the conclusion of the European General Court which established that Google has breached EU antitrust laws by manipulating search results in favor of their own comparison shopping services. Google has thereby caused harm to European consumers who overpay when shopping online as well as to PriceRunner and other comparison shopping services, according to the lawsuit. Since the violation is still ongoing the amount of damages increases every day, PriceRunner said it expects the final damages amount of the lawsuit to be significantly higher. PriceRunner said: "We are of course seeking compensation for the damage Google has caused us during many years, but are also seeing this lawsuit as a fight for consumers who have suffered tremendously from Google's infringement of the competition law for the past fourteen years and still today."
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FISV | Hot Stocks06:15 EST Fiserv to acquire remaining ownership interest of Finxact for $650M - Fiserv announced it has signed a definitive agreement to acquire Finxact, developer of the cloud-native banking solution that is powering digital transformation throughout the financial services sector. Fiserv was an early investor in Finxact and, under the terms of the agreement, Fiserv will acquire the remaining ownership interest for approximately $650M. The transaction is subject to customary approvals and closing conditions and is expected to close later this year.
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PTEN | Hot Stocks06:14 EST Patterson-UTI reports an average of 113 drilling rigs operating in January - Patterson-UTI reported that for the month of January, the company had an average of 113 drilling rigs operating in the United States.
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WD | Hot Stocks06:12 EST Walker & Dunlop to acquire GeoPhy for $85M in cash - Walker & Dunlop announced that it has entered into a definitive agreement to acquire GeoPhy, a commercial real estate technology company. GeoPhy CEO and co-founder, Teun van den Dries will continue to lead the GeoPhy team and assume leadership of the Apprise and SBL businesses while supporting continued innovation throughout Walker & Dunlop. Under the terms of the purchase agreement, Walker & Dunlop will acquire GeoPhy for $85M in cash to be paid at closing with an additional $205M of cash earn-out potential structured to directly align with Walker & Dunlop's Drive to '25 goals surrounding growth in appraisal revenues, SBL volumes and mortgage banking gains. The transaction is expected to close during Q1 of 2022. Closing is subject to certain approvals and consents.
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CNA | Hot Stocks06:10 EST CNA Financial increases quarterly dividend 5% to 40c per share - CNA Financial declared a quarterly dividend of 40c per share and a special dividend of $2.00 per share, payable March 10 to stockholders of record on February 22.
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EVRI | Hot Stocks06:06 EST Everi Holdings to acquire ecash Holdings for A$33M - Everi Holdings announced that it has entered into an agreement to acquire ecash Holdings, a privately owned, Australia-based developer and provider of cash handling and financial payment solutions for the broader gaming industry in Australia, Asia, Europe and the United States. The acquisition will provide Everi with a portfolio of new customer locations throughout Australia, the United States and other geographies. The closing of the transaction, subject to customary conditions, is expected to occur within 60 days. Everi will acquire ecash for guaranteed payments totaling A$33M, with an initial payment at the time of closing of A$20M with the remaining payments to be made on each of the first and second anniversaries in 2023 and 2024, respectively, following the date of the transaction's closing. Subject to achieving certain growth targets, there will be an additional contingent payment of up to A$10M, which could increase the total consideration up to A$43M. Everi expects to fund the total purchase price from existing cash on hand and future cash flow.
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CRSR | Hot Stocks06:02 EST ESE partners with Corsair Gaming for Digital Motorsports marketplace - ESE Entertainment is pleased to announce that the company's subsidiary, Digital Motorsports has signed a reseller agreement with Corsair Gaming. As a part of the partnership with Corsair, Digital Motorsports will be adding a wide range of premium gaming PC's, peripherals, streaming hardware and ambient lighting products to the Digital Motorsports Marketplace.
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TOSYY | Hot Stocks05:29 EST Toshiba provides update on strategic reorganization - Toshiba, as part of its Toshiba IR Day, provided an update on its November 12, 2021 strategic reorganization announcement. Toshiba announced its intention to separate the company into two standalone companies, instead of three, as previously announced: Toshiba/ Infrastructure Service, comprising Toshiba's Energy Systems & Solutions, Infrastructure Systems & Solutions, Digital Solutions and Battery businesses, in addition to Toshiba's ownership stake in Kioxia Holdings Corporation and Device Co.1, consisting of Toshiba's Electronic Devices & Storage Solutions business. The decision to separate into two independent, publicly traded companies is the result of the Toshiba board of directors' review of the strategic reorganization plan and process, as well as the company's engagement with shareholders, regulators and other stakeholders. Toshiba/ Infrastructure Service is expected to have net sales of 1.52T yen in FY21 and is projected to grow at a compound annual growth rate of 5.3%, reaching 1.87T yen by FY25. It also expects to improve operating income margins from 3.6% to 6.4% over the same period. Toshiba will immediately monetize its shares in KHC to the extent which is practically possible to conduct, and will return the net proceeds in full to shareholders, within the limits stipulated by applicable laws and regulations. The company plans to put forward a shareholder resolution outlining its plans for its KHC holdings at the upcoming extraordinary general meeting of shareholders, which will take place in March. Device Co. is expected to have 860B yen in net sales in FY21 and is projected - when excluding the memory resale portion - to grow at a CAGR of 4.1%, reaching 1.01T yen by FY25. It expects operating income margins to improve from 6.4% in FY21 to 7.9% by FY25.
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QGEN | Hot Stocks05:22 EST Qiagen announces China NPMA approval, WHO recommendation for QuantiFERON TB test - Qiagen announced that its QuantiFERON tuberculosis, or TB, testing solution has gained approval of the fourth generation of this modern gold standard test in China and a new endorsement from the World Health Organization, or WHO. China's National Medical Products Administration, or NMPA, has approved QuantiFERON-TB Gold Plus, or QFT-Plus, for TB diagnosis, including active TB infections. This builds on the regulatory approvals for QFT-Plus for latent TB diagnosis in the U.S. and other countries around the world, including CE-IVD marking. QFT-Plus is an important improvement over the previous version of QuantiFERON that was approved and used in China, offering even more accurate detection of infection, including in immunocompromised people. In China, all available IGRA tests including QFT-Plus are licensed to rule out active TB - other countries also approve these tests to detect the latent form of the TB disease, or LTBI, in which people are infected, and have the potential to develop active disease. Since 2013, more than 1.5M people in China have been tested for active TB infection using the proprietary QuantiFERON technology. The WHO has renewed its recommendation that blood-based Interferon-Gamma Release Assays, or IGRA, are an alternative for the diagnosis of TB infection, in addition to the Tuberculin Skin Test, or TST. In its latest policy statement, the WHO also took the first step towards endorsing the use of Qiagen's QIAreach QuantiFERON-TB, a portable, battery-operated test for TB detection by recommending its use for additional research in more geographical and epidemiological settings. QIAreach QFT was launched in late 2021 and was recently approved by the Global Fund's Expert Review Panel Diagnostics. This approval means QIAreach QFT may now be procured by public health programs and institutions in more than 100 countries that qualify for Global Fund and/or UNITAID resources, as well as made available through the Stop TB Partnership's Global Drug Facility.
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EGY | Hot Stocks05:18 EST Vaalco Energy reports Q4 production 7,550 bopd NRI, or 8,700 bopd WI - The company said, "With the drilling of the Etame 8H-ST well, VAALCO began its 2021/2022 drilling campaign in December. The well had initial flow rates of approximately 5,000 gross BOPD, but has been choked back to about 4,200 BOPD for reservoir management purposes. VAALCO has moved the contracted jack-up rig to the Avouma platform to drill the Avouma 3H-ST1 development well. This is another development well targeting the Gamba reservoir and the first of two planned development wells to be drilled on the Avouma platform. The Company is currently planning to drill four wells as part of its 2021/2022 drilling campaign. VAALCO estimates the total cost of the 2021/2022 drilling campaign at Etame to be between $117.0 million and $143.0 million gross, or between $74.0 million and $91.0 million net to VAALCO's 63.6% participating interest. Production during the fourth quarter of 2021 was approximately 7,550 BOPD NRI, or 8,700 BOPD WI, slightly above the midpoint of guidance for the quarter. Additionally, production for the full year of 2021 was 7,120 BOPD NRI, or 8,200 BOPD WI, also above the midpoint of guidance."
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EGY | Hot Stocks05:16 EST Vaalco Energy completes Etame 8H-ST development well in offshore Gabon - Vaalco Energy announced the completion of the Etame 8H-ST development well that was drilled from the Etame platform in the Etame field, offshore Gabon. This sidetrack well targeted existing Gamba hydrocarbons in the field that have not previously been produced by prior wells and is the first well of Vaalco's 2021/2022 drilling campaign. The rig has now moved to the Avouma platform and will begin drilling the Avouma 3H-ST development well, the first of two planned development wells on this platform.
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EQIX | Hot Stocks05:12 EST Equinix opens new IBX data center in Aschheim - Equinix opened its new International Business Exchange data center-MU4-located in Aschheim near Munich, Germany. The new site is carrier-neutral and offers customers access to a digital ecosystem spanning various industries and markets through Platform Equinix.
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SEKEY | Hot Stocks05:10 EST Seiko Epson reaches settlement in Vava lawsuit - Epson announced it has reached a settlement with Vava for its recent lawsuit highlighting deceptive advertising practices for the Vava 4K Ultra Short Throw Laser TV. Under the terms of the settlement, Vava agreed to correct quoted lumens from the previously misstated 6,000 or 2,500 lumens to 1,800 lumens across varying online and in-store retail venues, reflecting more accurate brightness claims. "The results of the settlement help to validate Epson's concerted efforts to ensure that consumers have access to accurate performance claims using industry recognized standards," said Mike Isgrig, vice president, consumer sales and marketing, Epson America. "Vava's actions to correct lumens claims across marketing and promotion vehicles is a step in the right direction to helping provide shoppers accurate performance information."
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