Stockwinners Market Radar for February 14, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
ARCT | Hot Stocks19:00 EST Arcturus Therapeutics says Hughes steps down as Chief Medical Officer - In a regulatory filing after the close on Friday, Arcturus Therapeutics disclosed that effective February 14, Dr. Steve Hughes will step down from his position as Chief Medical Officer of the company and will "continue to support the company and its programs for the immediate future in the role of Strategic Clinical Advisor." Dr. Kelly Lindert, the company's Senior Vice President and Head of Vaccines, will take on the role of Chief Development Officer, Vaccines, for the company, Arcturus noted.
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RESN | Hot Stocks18:25 EST Resonant surges 250% to $4.31 after agreeing to be acquired by Murata
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OTTR | Hot Stocks18:19 EST Otter Tail increases quarterly dividend 5.8% to 41.25c per share - Otter Tail increased the quarterly common stock dividend to 41.25c per share, an indicated annual dividend rate of $1.65 per share and a 5.8% increase from $1.56 per share in 2021.
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OTTR | Hot Stocks18:11 EST Otter Tail increases quarterly dividend 5.8% to 41.3c per share - Otter Tail increased the quarterly common stock dividend to 41.25c per share, an indicated annual dividend rate of $1.65 per share and a 5.8% increase from $1.56 per share in 2021.
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ARVN | Hot Stocks18:08 EST Arvinas reports new, positive data on bavdegalutamide - Arvinas announced the presentation of new data showing that bavdegalutamide, a novel PROTAC protein degrader targeting the androgen receptor, continues to provide evidence of anti-tumor activity and patient benefit in metastatic castration-resistant prostate cancer. These data show that bavdegalutamide reduced prostate-specific antigen levels greater than or equal to 50% in 46% of patients with tumors harboring AR T878X/H875Y mutations. Updated Phase 1 and interim Phase 2 ARDENT data will be presented in both a rapid abstract session and a poster session on February 17, at the 2022 American Society of Clinical Oncology Genitourinary Cancers Symposium. "These results are very encouraging and reinforce our conviction that bavdegalutamide has the potential to provide meaningful clinical benefit to patients with mCRPC who have progressed after treatment with novel hormonal agents and for whom few treatment options exist," said John Houston, Ph.D., president and CEO of Arvinas. "With particularly robust activity in a molecularly defined patient population, we believe there is a clear path forward to developing this novel treatment as a precision medicine and plan to initiate a pivotal trial by year end 2022."
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CELU | Hot Stocks18:05 EST Celularity's treatment of gastric junction cancer gets FDA orphan designation - According to a post on the FDA's website, Celularity's treatment of gastric/gastroesophageal junction cancer received orphan designation. Reference Link
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WHR | Hot Stocks18:01 EST Whirlpool raises quarterly dividend 25%, raises share repurchase plan by $2B - The board of directors of Whirlpool authorized an additional $2B in share repurchases under the company's ongoing share repurchase program. Approximately $1.5B remained available under the program as of December 31, 2021. The company's board of directors also approved a 35c increase in the quarterly dividend on the company's common stock to $1.75 per share from $1.40 per share. The dividend is payable March 15 to stockholders of record at the close of business on February 25.
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GPN... | Hot Stocks18:00 EST Greenlight takes new position in Global Payments, boosts stake in Capri - David Einhorn's Greenlight Capital disclosed in an SEC filing its holdings as of December 31, 2021. Greenlight's eleven new buys during the fourth quarter included, by size of position, Global Payments (GPN), Intel (INTC), Discovery (DISCA), Galapagos (GLPG), and Talis Biomedical (TLIS). Greenlight exited thirteen positions during the quarter, including by size of previous position, AerCap (AER), FuboTV (FUBO), Expedia (EXPE), Stryve Foods (SNAX), and Altimeter Growth (AGCB). Greenlight increased its stake in seven holdings, including by size of previous position, Capri (CPRI), Victoria's Secret (VSCO), LivaNova (LIVN), ODP (ODP), and Jack in the Box (JACK). Greenlight reduced its stake in thirteen holdings, including by size of previous position, Atlas Air (AAWW), Concentrix (CNXC), Danimer Scientific (DNMR), Echostar (SATS), and Twitter (TWTR). Greenlight's top holdings as of December 31, 2021, in order of size, were Green Brick (GRBK), Brighthouse (BHF), Teck Resources (TECK), Change Healthcare (CHNG), and Atlas Air.
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SIEGY... | Hot Stocks17:59 EST Governor Hochul announces start of building of NY's 1st offshore wind project - Governor Kathy Hochul alongside United States Secretary of the Interior Deb Haaland and other elected officials, celebrated the start of construction of South Fork Wind, New York's first offshore wind project, jointly developed by Orsted and Eversourceoff the coast of Long Island. "Building on the Bureau of Ocean Energy Management's (BOEM) January issuance of the Final Sale Notice for the New York Bight, the recent key offshore wind contract milestone, and the State of the State announcement of a nation-leading $500M investment in offshore wind ports, manufacturing, and supply chain infrastructure to accompany New York's next offshore wind solicitation, New York continues to advance the Climate Leadership and Community Protection Act goal to develop 9,000 megawatts of offshore wind by 2035. "The harsh impacts and costly realities of climate change are all too familiar on Long Island, but today as we break ground on New York's first offshore wind project we are delivering on the promise of a cleaner, greener path forward that will benefit generations to come," Governor Hochul said. "South Fork Wind will eliminate up to six million tons of carbon emissions over the next twenty-five years benefiting not only the Empire State, but our nation as a whole. This project will also create hundreds of good-paying jobs, helping spur economic growth across the region as we continue to recover from COVID-19. This is a historic day for New York, and I look forward to continue working with Secretary Haaland as we lead our nation toward a greener, brighter future for all." Companies in the offshore wind complex include: (APO) last year bought into offshore wind developer U.S. Wind, which is working on a federal lease area off the coast of Maryland," said Gov. NY State Kathy Hochul. Companies in the space include: Siemens (SIEGY), Apollo Global (APO), and General Electric (GE) l First Trust Global Wind Energy (WINDY) General Electric (GE), NextEra Energy (NEE) and Berkshire Hathaway (BRK.A, BRK.B). Reference Link
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TSEM INTC | Hot Stocks17:46 EST Tower Semiconductor jumps 50% on WSJ report of potential takeover by Intel - In after hours trading, shares of Tower Semiconductor are up 50% to $50.00 per share.
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VLTA WBA | Hot Stocks17:43 EST Volta announces collaboration expansion with Walgreens - Volta (VLTA) announced the expansion of its collaboration with Walgreens (WBA;WAG) to target installing 1,000 DC fast charging stalls at over 500 Walgreens throughout the U.S. Volta provides seamless, universal, and reliable EV charging - centered on consumer behavior - located where people live, shop, work, and play. With unique charging stations that connect clean miles to commerce, Volta's intelligent network is among the most utilized in the U.S. Volta began working with Walgreens (WAG) in 2019 and currently has stations across 49 of its stores. "As we expand our DC Fast charging presence across the country, Walgreens is an ideal match for faster forms of Volta charging given the average time a Walgreens shopper typically spends in-store," said Scott Mercer, Founder and CEO of Volta. "Volta's intelligent charging network is built around understanding and anticipating consumer behavior. The next phase of our work with Walgreens will provide people with a quick, convenient, and meaningful charge that is tailored to their shopping experience while bringing us another step closer to a clean energy future."
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RESN | Hot Stocks17:35 EST Resonant trading resumes
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ACN... | Hot Stocks17:33 EST Third Point buys Rivian, exits Meta in Q4 - Third Point disclosed in an SEC filing its holdings as of December 31, 2021. The fund's 24 new buys during the fourth quarter included, by size of position, Accenture (ACN), Rivian (RIVN), Expedia (EXPE), Align Technology (ALGN), and Hertz Global (HTZ). Third Point exited 45 positions during the quarter, including by size of previous position Intel (INTC), Endeavor (EDR), Meta Platform (FB), Visa (V), and Paysafe (PSFE). The fund increased its stake in 17 holdings, including by size of previous position Amazon (AMZN), Intuit (INTU), UnitedHealth (UNH), RH (RH), and Danaher (DHR). Third Point reduced its stake in ten holdings, including by size of previous position Upstart (UPST), Disney (DIS), Alight (ALIT), TransDigm (TDG), and Aurora Innovation (AUR). The fund's top holdings as of December 31, in order of size, were Danaher, PG&E (PCG), Amazon, Intuit, Alphabet Class A (GOOGL).
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LLY | Hot Stocks17:28 EST Eli Lilly awarded $1.08B Army contract - Eli Lilly was awarded a $1.08B firm-fixed-price contract for manufacture, distribution and storage of Bebtelovimab in support of the national emergency response to COVID-19. Bids were solicited via the internet with one received. Work will be performed in Indianapolis, Indiana, with an estimated completion date of January 31, 2023. Health and Human Services Biomedical Advanced Research and Development Authority, or HHS/BARDA, American Rescue Plan Act funds in the amount of $1.08B were obligated at the time of the award. U.S. Army Contracting Command, Aberdeen Proving Ground is the contracting activity.
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BRK.A BRK.B | Hot Stocks17:27 EST Berkshire Hathaway announces resignation of Tom Murphy from board - Tom Murphy, a member of Berkshire Hathaway's Board of Directors since 2003, has resigned from Berkshire's Board effective February 14. Warren Buffett, Berkshire's Chairman and CEO, issued the following statement. "Tom Murphy has taught me more about running a business than any other person. We have been friends and mental partners for more than 50 years. My only regret is that I didn't meet him earlier. Tom phoned me today and said that recovering from a recent bout with Covid convinced him that he would feel more comfortable ending his activities at Berkshire. I accepted his wish. He will continue as a major shareholder and friend."
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CERN... | Hot Stocks17:26 EST Paulson buys Cerner, exits Pretium in Q4 - John Paulson's Paulson & Co. disclosed in an SEC filing its holdings as of December 31, 2021. The fund's four new buys during the fourth quarter included, by size of position, Cerner (CERN), KraneShares CSI China Internet ETF (KWEB), and Tellurian (TELL). Paulson exited five positions during the quarter, including by size of previous position Pretium Resources (PVG) and Viatris (VTRS). The fund increased its stake in two holdings, namely SSR Mining (SSRM) and Pacira Biosciences (PCRX). Paulson reduced its stake in four holdings, including by size of previous position BrightSphere (BSIG), DiDi Global (DIDI), Horizon Therapeutics (HZNP), and Thryv Holdings (THRY). The fund's top holdings as of December 31, in order of size, were Bausch Health (BHC), Horizon Therapeutics, BrightSphere, Novagold Resources (NG), and AngloGold Ashanti (AU).
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HLT... | Hot Stocks17:23 EST Pershing Square cuts stake in Hilton Worldwide - Bill Ackman's Pershing Square Capital Management disclosed in an SEC filing its holdings as of December 31, 2021. Pershing Square reduced its stake in Hilton Worldwide (HLT) by 2.3%. Pershing Square's top holdings as of December 31, 2021, in order of size, were Lowe's (LOW), Hilton Worldwide, Chipotle Mexican Grill (CMG), Restaurant Brands (QSR), and Howard Hughes (HHC).
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ELMS | Hot Stocks17:20 EST Electric Last Mile Solutions trading halted, news pending
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IBRX | Hot Stocks17:18 EST ImmunityBio reports 'positive data' from late-stage bladder cancer trial - ImmunityBio announced positive data from the company's late-stage bladder cancer trial (QUILT-3.032). The data showed sustained complete response rates in patients with BCG-unresponsive non-muscle invasive carcinoma in situ bladder cancer (Cohort A) and with papillary disease (Cohort B). Of the 83 patients with BCG-unresponsive NMIBC CIS, 59 (71%) had a complete response with a median duration of response of 24.1 months-exceeding historical complete response rates of 41% and 18% for FDA-approved therapies pembrolizumab and valrubicin, respectively. In the papillary disease arm of the study (Cohort B), 57% of patients are disease free at 12 months and 53% at 18 months. "We are excited with these promising results," said Sam Chang, M.D., Urologic Surgery Chief Surgical Officer, Vanderbilt Ingram Cancer Center and trial investigator. "This study suggests that BCG induces trained immunity as the prime, while N-803 serves as a vital boost for innate immune memory. These results of high efficacy activity and excellent safety profile set a new bar for NMIBC treatment, and together with the familiar and favorable mode of administration, will advance our current standards of care for patients with bladder cancer."
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MRTN | Hot Stocks17:18 EST Marten Transport expands dry truckload operations into Mexico - Marten Transport's dry truckload operations have begun hauling dry van products between Mexico and the U.S. with the first load delivering on time, as expected, February 11th. This added dry van transportation service solution for Marten's customers aims to enhance the already strong profitable growth of both Marten's dry regional truckload operations and MRTN de Mexico's refrigerated operations. With these additional services, Marten is broadening its dry truckload operations from the company's terminal facilities in Atlanta, Kansas City, Tampa and Phoenix into its Dallas, Laredo, and Otay Mesa facilities.
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GDDY... | Hot Stocks17:17 EST Starboard Value adds GoDaddy, boosts Huntsman in Q4 - Jeffrey Smith's Starboard Value disclosed in an SEC filing its holdings as of December 31, 2021. The fund's 95 new buys during the fourth quarter included, by size of position, GoDaddy (GDDY), Willis Towers Watson (WLTW), Colfax (CFX), Onyx Acquisition I (ONYX), and McLaren Technology (MLAI). Starboard exited 25 holdings during the quarter, including by size of previous position Box (BOX), comScore (SCOR), Nextdoor (KIND), Fathom Digital Manufacturing (FATH), and Bird Global (BRDS). The fund increased its stake in six holdings, including by size of previous position Huntsman (HUN), Cerner (CERN), System1 (SST), Data Knights Acquisition Corp. Class A (DKDCA), and CommVault (CVLT). Starboard reduced its stake in 25 holdings, including by size of previous position Merit Medical (MMSI), iShares Russell 2000 ETF (IWM), MedTech Acquisition Corp. Class A (MTAC), Warburg Pincus Capital I B (WPCB), and Lead Edge Growth Opportunities Class A (LEGA). The fund's top holdings as of December 31, in order of size, were Huntsman, GoDaddy, Aecom (ACM), ON Semiconductor (ON), and Willis Towers Watson.
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AMGN | Hot Stocks17:12 EST Amgen's Lumakras shows disease control efficacy in pancreatic cancer study - Amgen will present efficacy and safety data from the CodeBreaK 100 Phase 1/2 trial in patients with KRAS G12C-mutated advanced pancreatic cancer who received Lumakras - sotorasib - at the monthly American Society of Clinical Oncology Plenary Series on Feb. 15. Data show encouraging and clinically meaningful anticancer activity and a positive benefit:risk profile. Based on the data, Amgen is expanding CodeBreaK 100 to enroll more patients with pancreatic and other tumor types to better understand the efficacy and safety of Lumakras in tumors outside of non-small cell lung and colorectal cancers. Lumakras demonstrated a centrally confirmed objective response rate - ORR - of 21% and disease control rate of 84% across 38 heavily pre-treated advanced pancreatic cancer patients. Eight of the 38 patients achieved a confirmed partial response performed by a blinded independent central review. Two of the eight patients with PR have ongoing responses. Median duration of response was 5.7 months with a median follow-up of 16.8 months as of the data cutoff date of Nov. 1, 2021. Results also show a median progression free survival of 4 months and a median overall survival of almost 7 months. No new safety signals were identified with this study of patients with advanced pancreatic cancers. Treatment-related adverse events of any grade occurred in 16 - 42% - patients with diarrhea and fatigue as the most common grade 3 TRAEs. No TRAEs were fatal or resulted in treatment discontinuation.
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MA... | Hot Stocks17:09 EST Lone Pine takes stakes in Mastercard, Visa, exits Twitter, Meta Platforms - Stephen Mandel's Lone Pine Capital disclosed in an SEC filing its holdings as of December 31, 2021. Lone Pine Capital's five new buys during the fourth quarter included, by size of position, Mastercard (MA), Visa (V), Snowflake (SNOW), Sweetgreen (SG), and AvidXchange (AVDX). Lone Pine Capital exited fifteen positions during the quarter, including by size of previous position, Twitter (TWTR), Moderna (MRNA), Meta Platforms (FB), Coupa Software (COUP), and Dexcom (DXCM). Lone Pine Capital increased its stake in twelve holdings, including by size of previous position, Amazon (AMZN), NetEase (NTES), Workday (WDAY), Confluent (CFLT), and Marqeta (MQ). Lone Pine Capital reduced its stake in eight holdings, including by size of previous position, Block (SQ), Adobe (ADBE), Datadog (DDOG), ServiceNow (NOW), and Shopify (SHOP). Lone Pine Capital's top holdings as of December 31, 2021, in order of size, were Amazon, Shopify, Mastercard, Bath & Body Works (BBWI) and Workday.
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BMY EXEL | Hot Stocks17:08 EST Bristol-Myers, Exelixis report two-year results from Phase 3 CheckMate-9ER trial - Bristol Myers Squibb (BMY) and Exelixis (EXEL) announced two-year follow-up results from analyses of the Phase 3 CheckMate -9ER trial, demonstrating sustained survival and response rate benefits, as well as health-related quality of life improvements, with the combination of Opdivo and CABOMETYX versus sunitinib in the first-line treatment of advanced renal cell carcinoma. With median follow-up of 32.9 months (25.4 months minimum), Opdivo in combination with CABOMETYX continued to show superior overall survival, progression-free survival, objective response rates, duration of response and complete response rates compared to sunitinib. No new safety signals emerged with extended follow-up. In the full study population: OS: At the final OS analysis, Opdivo in combination with CABOMETYX continued to show meaningful improvements in median OS (37.7 months vs. 34.3 months) and demonstrated a 30% reduction in the risk of death compared to sunitinib. PFS: PFS benefits were maintained, with the combination continuing to double median PFS vs. sunitinib. ORR and DoR: ORR benefits were sustained, with nearly twice as many patients responding to Opdivo in combination with CABOMETYX vs. sunitinib (55.7% vs. 28.4%). Responses were also more durable with the combination, with a median DoR of 23.1 months, compared to 15.1 months with sunitinib. CR: CR rates more than doubled among patients treated with the combination, with 12.4% having a CR vs. 5.2% of those treated with sunitinib. Safety: 97.2% of patients treated with Opdivo plus CABOMETYX experienced a treatment-related adverse event of any grade, compared to 93.1% of patients treated with sunitinib; 65.0% vs. 54.1% had a grade greater than or equal to3 TRAE, respectively. Additionally, in an exploratory analysis of depth of response in target lesions by organ site, a higher percentage of patients experienced any tumor shrinkage benefits with Opdivo in combination with CABOMETYX vs. sunitinib across lung (90.5% vs. 76.0%), lymph node (88.4% vs. 72.6%), kidney (89.0% vs. 71.6%), liver (72.7% vs. 53.8%) and bone (85.2% vs. 65.0%) target lesions.
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RESN | Hot Stocks17:07 EST Murata to acquire Resonant for $4.50 per share in cash - Murata Electronics North America, Inc., a wholly owned subsidiary of Murata Manufacturing Co., Ltd., and Resonant Inc. announced that they have entered into a definitive agreement under which Murata will acquire all outstanding shares of Resonant not owned by Murata for $4.50 per share in cash. "This acquisition will combine Murata's world-leading mobile RF product capabilities with Resonant's best-in-class XBAR filter solutions and world-class team of talented engineers," said Norio Nakajima, President of Murata. "Resonant invented its proprietary XBAR technology, which is expected to achieve higher frequency and superior performance to other filter technologies. We have collaborated closely with Resonant for many years on the development of proprietary circuit designs using Resonant's XBAR technology, and Resonant licensed to Murata rights for products in multiple specific radio frequencies in connection with our commercial partnership. We are confident Resonant's innovation is a key strategic differentiator for the mobile industry. This transaction will deepen our existing partnership and position us to better meet our customers' needs and expand opportunities for Murata." The transaction, which has been approved by both companies' boards of directors, is expected to close by the end of March 2022, subject to the tender of a majority of Resonant's shares, certain regulatory approvals and other customary closing conditions.
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BTAI | Hot Stocks17:06 EST BioXcel Therapeutics' prostate cancer candidate demonstrates efficacy in study - BioXcel Therapeutics announced results from its ongoing Phase 2 trial of BXCL701, the company's investigational, oral innate immunity activator, in metastatic castration-resistant prostate cancer - mCRPC - patients with either adenocarcinoma or small cell neuroendocrine carcinoma - SCNC - phenotype. In the evaluable patient cohort - n = 15 -, 5 - 33% - patients achieved a composite response at the planned interim analysis. In the 12 patients with measurable disease, partial response was observed in 4 - 33% - patients and the disease control rate was 58%. 3 - 17% - patients experienced serious adverse events possibly related to BXCL701 or pembrolizumab, and 4 patients discontinued any drug due to AEs. In the evaluable patient cohort - n = 29 - , 6, or 21%, patients achieved a composite response. In the 18 patients with measurable disease, partial response was observed in 4 patients and the disease control rate was 83%; all responders experienced a decrease in tumor size from baseline. 5 or 12% of patients experienced serious AEs possibly related to BXCL701 or pembrolizumab, and 2 patients discontinued any drug due to AEs. Results support randomized trial expansion to evaluate BXCL701 monotherapy vs. BXCL701-KEYTRUDA combination therapy. The primary endpoint of the trial is composite response rate. Secondary endpoints include duration of response, progression-free survival, overall survival, and biomarker evaluation.
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SWCH... | Hot Stocks17:05 EST Elliott buys Switch, exits Public Storage in Q4 - Paul Singer's Elliott Management disclosed in an SEC filing its holdings as of December 31, 2021. The fund's two new buys during the second quarter included, by size of position, Switch (SWCH). Elliott exited four positions during the quarter, including by size of previous position Public Storage (PSA), Frontier Communications (FYBR), and Ryanair (RYAAY). The fund increased its stake in two holdings, including Valaris (VAL). Elliott reduced its stake in five holdings, including by size of previous position Dell Technologies (DELL), Arconic (ARNC), Peabody Energy (BTU), E2open (ETWO), and Evergy (EVRG). The fund's top holdings as of December 31, in order of size, were Howmet Aerospace (HWM), Marathon Petroleum (MPC), Evergy, Dell Technologies, and Twitter (TWTR).
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SWAG | Hot Stocks17:05 EST Software Acquisition Group III Inc trading resumes
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RESN | Hot Stocks17:03 EST Resonant trading halted, news pending
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SGEN ALPMY | Hot Stocks17:03 EST Seagen, Astellas Pharma announce initial results from Cohort H of Padcev trial - Seagen (SGEN) and Astellas Pharma (ALPMY) announced the initial results from Cohort H of the EV-103 trial investigating Padcev as a monotherapy in patients with muscle-invasive bladder cancer, or MIBC, who are ineligible for cisplatin-based chemotherapy. Data from this late-breaking abstract will be included in an oral presentation at the 2022 ASCO Genitourinary Cancers Symposium on February 18. MIBC is a stage of bladder cancer signified by the tumor spreading into the muscle of the bladder wall. Treatment for MIBC typically combines cisplatin-based chemotherapy with radical cystectomy, or removal of the bladder, as well as pelvic lymph node dissection. Cohort H of the phase 1b/2 EV-103 trial enrolled patients with MIBC who were eligible for surgical treatment but ineligible for cisplatin-based chemotherapy. Patients received three cycles of neoadjuvant enfortumab vedotin on days one and eight of every three-week cycle. Results from the preliminary analysis of 22 patients showed 36.4% had a pathologic complete response, the primary endpoint, displaying no signs of cancer upon microscopic examination of tissue cells removed during surgery. Half of all patients had a pathological downstaging, or reduction in tumor size, a secondary endpoint of the trial. All patients underwent surgery, and no surgeries were delayed following treatment with enfortumab vedotin. The most common adverse events, or AEs, related to treatment with enfortumab vedotin were fatigue, alopecia, dysgeusia, diarrhea, nausea, peripheral sensory neuropathy, dry eye and rash maculo-papular, consistent with the known safety profile of enfortumab vedotin.
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MRK AZN | Hot Stocks17:03 EST Merck, AstraZeneca report 'positive' results from Phase 3 PROpel trial - AstraZeneca (AZN) and Merck (MRK) announced that positive results from the Phase 3 PROpel trial showed LYNPARZA in combination with abiraterone plus prednisone demonstrated a statistically significant and clinically meaningful improvement in radiographic progression-free survival versus abiraterone plus prednisone, a standard of care, as a first-line treatment for patients with metastatic castration-resistant prostate cancer with or without homologous recombination repair gene mutations.
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ANIP | Hot Stocks17:01 EST Oakrum, ANI Pharmaceuticals announces launch of Cystadane generic - Oakrum Pharma, in collaboration with ANI Pharmaceuticals, announce that the U.S. Food and Drug Administration has approved the Abbreviated New Drug Application for a generic version of Cystadane Powder in a 180 gm bottle and granted Competitive Generic Therapy of 180 days of exclusivity. Shipments of the generic product began in early February, 2022. Marco Polizzi, CEO of Oakrum Pharma, stated, "This is the third generic orphan drug that we have launched since starting this business, and we remain committed to bringing rare disease patients affordable options of pharmaceutical products that currently have few or no generic options. Oakrum currently has licensing rights to seven additional ANDAs filed with the FDA and expects to file additional generic orphan drugs later this year."
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IEP... | Hot Stocks16:52 EST Icahn boosts Xerox, cuts Delek in Q4 - Carl Icahn's Icahn Capital disclosed in an SEC filing its holdings as of December 31, 2021. The fund increased its position in four holdings during the fourth quarter, including by size of previous position Icahn Enterprises (IEP), Southwest Gas (SWX), Xerox (XRX), and Bausch Health (BHC). Icahn reduced its stake in three holdings, including by size of previous position Herc Holdings (HRI) and Delek US (DK). The fund's top holdings as of December 31, in order of size, were Icahn Enterprises, Cheniere Energy (LNG), Occidental (OXY), CVR Energy (CVI), and Bausch Health.
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AAP | Hot Stocks16:47 EST Advance Auto Parts raises quarterly dividend 50% to $1.50 per share - On February 14, 2022, the company's Board of Directors declared a 50% increase to the company's quarterly cash dividend to $1.50 per share to be paid on April 1, 2022 to shareholders of record as of March 18, 2022.
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HUN | Hot Stocks16:44 EST Huntsman raises quarterly dividend 13% to 21.25c per share - The dividend is payable on March 31 to stockholders of record as of March 15.
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USAK | Hot Stocks16:42 EST USA Truck appoints Shauna Jamison as chief people officer - USA Truck announced Shauna Jamison as SVP, chief people officer. Jamison comes to USA Truck after serving as a senior director of human resources at a Fortune One retailer with over 22 years of service in operations and merchandising with 18 years in a human resources function.
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SWAG NOGN | Hot Stocks16:40 EST Nogin to go public through Software Acquisition III merger agreement - Nogin and Software Acquisition III (SWAG) announced that the two companies have entered into a definitive merger agreement. Upon closing of the transaction, the combined company will be named Nogin and is expected to remain listed on the Nasdaq under the new ticker symbol (NOGN). Nogin is a commerce-as-a-service, or CaaS, cloud-based headless enterprise e-commerce platform for brands and merchants. Companies leveraging CaaS deliver enterprise class e-commerce at scale without having to purchase, implement, manage, optimize, or support any of the underlying infrastructure. The combined company will have an estimated post-transaction enterprise value of $646M, assuming no redemptions by SWAG III public stockholders. Cash proceeds from the transaction will consist of up to $211M of cash held in SWAG III's trust account. The net proceeds from the transaction will be used as working capital to support continued growth and to fund the repayment of existing debt. Nogin shareholders will roll 96% of their existing equity holdings into the combined company and are expected to own approximately 67% of the combined company on a non-fully diluted basis immediately following the closing of the business combination, assuming no redemptions by SWAG III's public stockholders. The boards of directors of each of SWAG III and Nogin approved the transaction. The transaction will require the approval of the stockholders of SWAG III and Nogin, the effectiveness of a registration statement to be filed with the Securities and Exchange Commission in connection with the transaction, satisfaction of the minimum cash condition, which is equal to $50M in gross proceeds, and the satisfaction of other customary closing conditions. The transaction is expected to close in the second quarter of 2022.
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AL | Hot Stocks16:34 EST Air Lease announces lease placement of 25 Boeing 737-8 aircraft with MAG - Air Lease Corporation (AL) announced long-term lease placements for 25 new Boeing 737-8 aircraft with Malaysia Aviation Group, MAG, parent company of Malaysia Airlines Berhad, MAB. The aircraft are scheduled to deliver to the airline starting in early 2023 through the beginning of 2026 from ALC's orderbook with Boeing. "ALC is pleased to announce this significant deal for 25 new 737-8 aircraft with MAG," said Steven Udvar-Hazy, Executive Chairman of Air Lease Corporation. "These 25 new Boeing aircraft will help grow Malaysia Airlines' expanding route network and improve operations and the efficiency of the airline's fleet." In addition to these 25 Boeing aircraft, Malaysia Airlines currently has six Airbus A350-900 aircraft on long-term lease from ALC.
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RTX | Hot Stocks16:33 EST Raytheon Technologies appoints Christopher Calio as COO - Raytheon Technologies appointed Christopher Calio as COO and named Shane Eddy to succeed Calio, currently COO at Pratt & Whitney, as president of its Pratt & Whitney business unit, effective March 1. Calio has spent the past decade in aerospace and defense. Shane Eddy replaces Calio as president of Pratt & Whitney. Eddy joined Pratt & Whitney in 2016, with prior experience at GE Aviation, Sikorsky Aircraft Corporation and Bell Textron.
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ALSN | Hot Stocks16:32 EST Allison Transmission, New Flyer partner over electric hybrid buses to Nevada - Allison Transmission announced the delivery of Allison electric hybrid-equipped buses to Southern Nevada Transit Coalition, a public transportation system in Laughlin, Nevada. New Flyer integrated Allison's H 40 EP electric hybrid propulsion system into these new buses, which were put into service following a ribbon cutting ceremony last week. Allison's H 40 EP electric hybrid system improves fuel consumption by up to 25% versus a conventional diesel bus and reduces CO2 emissions.
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HUM | Hot Stocks16:32 EST Humana selected by LDH to serve Medicaid beneficiaries - Humana has been notified by the Louisiana Department of Health, LDH, that the LDH intends to award a contract to Humana to deliver health care coverage to Medicaid beneficiaries across the state. Humana's Medicaid division - Humana Healthy Horizons - expects to begin administering the coverage in Louisiana later this year, pending the state's completion of its standard protest period. "We are deeply committed to increasing access to care and improving health outcomes of Louisianans who have faced numerous public health crises, natural disasters, and other challenges over the course of the pandemic," said Humana Medicaid President John Barger. "It is an honor and privilege to be chosen by The Louisiana Department of Health to serve people across Louisiana. We will provide those covered by Medicaid holistic care that prioritizes both their physical and mental well-being. And we are excited to bring our data-enabled population health model along with Humana's rich history of innovation to the Louisiana Medicaid program."
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GPC | Hot Stocks16:31 EST Genuine Parts raises quarterly dividend 10% to 89.5c per share - Genuine Parts Company announced today a 10% increase in the regular quarterly cash dividend for 2022. The Board of Directors of the company, at its February 14 Board meeting, increased the cash dividend payable to an annual rate of $3.58 per share compared with the previous dividend of $3.26 per share. The quarterly cash dividend of 89.5c per share is payable April 1 to shareholders of record March 4. GPC has paid a cash dividend every year since going public in 1948, and 2022 marks the 66th consecutive year of increased dividends paid to shareholders.
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SCI | Hot Stocks16:29 EST Service Corp. sees FY22 capital improvements $270M-$290M - Sees FY22 net cash provided by operating activities excluding special items $675M-$725M.
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SGH | Hot Stocks16:29 EST Smart Global names Penny Herscher chair of the board - Smart Global Holdings announced that Penny Herscher, a current member of its board of directors, has been unanimously elected chair of its board of directors. "Penny is an experienced public company chair and has had a successful career in a variety of executive leadership positions helping companies scale," said Mark Adams, President and CEO of SGH. "We are grateful to have Penny on our team as chair of the SGH board. I look forward to working with her in this new role as we focus on powering growth for our customers, company, employees, and shareholders."
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LRMR | Hot Stocks16:28 EST Larimar Therapeutics down 48% after FDA maintains clinical hold on CTI-1601 - Shares of Larimar Therapeutics are down $3.99, or 48% to $4.38 in after-hours trading after the company announced that the FDA is maintaining its clinical hold at this time on Larimar's CTI-1601 program and that additional data is needed to resolve the clinical hold.
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SCI | Hot Stocks16:27 EST Service Corp. reports Q4 Comparable funeral preneed sales production up 14% - In Q4: Comparable funeral preneed sales production grew $30M, or 14%. Comparable cemetery preneed sales production grew $39M, or 13%.
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NU... | Hot Stocks16:26 EST Berkshire Hathaway adds to Chevron position, decreases stake in AbbVie - Warren Buffett's Berkshire Hathaway disclosed in an SEC filing its holdings as of December 31, 2021. Berkshire Hathaway's three new buys during the fourth quarter included, by size of position, Nubank (NU) and Activision Blizzard (ATVI). Berkshire Hathaway exited two positions during the quarter, including by size of previous position, Teva (TEVA) and Sirius XM Holdings (SIRI). Berkshire Hathaway increased its stake in four holdings, including by size of previous position, Chevron (CVX), Floor & Decor (FND), and RH (RH). Berkshire Hathaway reduced its stake in eight holdings, including by size of previous position, AbbVie (ABBV), Bristol-Myers Squibb (BMY), Charter Communications (CHTR), Marsh & McLennan (MMC), and Visa (V). Berkshire Hathaway's top holdings as of December 31, 2021, in order of size, were Apple (AAPL), Bank of America (BAC), American Express (AXP), Coca-Cola (KO), and Kraft Heinz (KHC).
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CLR | Hot Stocks16:25 EST Continental Resources sees $20.7B cash flow from operations from 2022-2025 - From 2022 to 2025, the Company is projected to deliver at least $20.7 billion of cumulative cash flow from operations and $11.6 billion of cumulative free cash flow (non-GAAP), based upon a flat year-over-year Capex, relative to 2022, delivering a low single digit production compound annual growth rate at $80 WTI & $3.50 HH. The production profile under this scenario is approximately 55% oil, increasing throughout the multiyear projection. This level of free cash flow represents over 55% of the Company's current market capitalization. Given the significant level of free cash flow generation over the multi-year period, the Company is projected to achieve its targets of less than 1.0x net debt (non-GAAP) to EBITDAX (non-GAAP), a competitive 2.0% dividend yield and the $1.5 billion share repurchase program, inclusive of $441 million repurchased to date, with approximately $6.6 billion of free cash flow (non-GAAP) remaining at $80 WTI. Additionally, the Company is projecting a 22% average return on capital employed over this time period.
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CLR | Hot Stocks16:25 EST Continental Resources sees FY22 CapEx $2.3B - The Company is projecting a $2.3 billion capital expenditures budget, excluding Franco Nevada's share of mineral costs. The Company is allocating approximately $1.8 billion to D&C activities and an additional $500 million is being allocated to non-D&C capital, planned to be primarily for leasehold, mineral acquisitions, workovers and facilities. The capital expenditures budget includes a 15% increase to legacy spending in the Bakken and Anadarko Basins combined with an approximately $500 million increase attributed to the Company's recently acquired positions in the Permian and Powder River basins. The 2022 capital expenditures budget is projected to generate approximately $5.2 billion of cash flow from operations and $2.9 billion of free cash flow (non-GAAP) for full-year 2022 at $80 per barrel WTI and $3.50 per Mcf Henry Hub. The Company is projecting approximately 15% free cash flow yield (non-GAAP). The Company is projecting an approximately $30 WTI free cash flow breakeven price. A $5 increase per barrel WTI is estimated to increase annual cash flow by approximately $300 million. The Company is projecting approximately 21% return on capital employed for 2022. The Company is targeting less than 1.0x net debt (non-GAAP) to EBITDAX (non-GAAP) by year-end 2022 or earlier. Annual crude oil production is projected to range between 195 to 205 MBopd. Annual natural gas production is projected to range between 1,040 to 1,140 MMcfpd. At year-end 2022, the Company projects a working backlog of approximately 175 gross operated wells in progress in various stages of completion.
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VMEO | Hot Stocks16:24 EST Vimeo reports monthly YoY revenue growth trends through January 23% - Vimeo reports monthly YoY subscriber growth trends through January 10%.
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OMCL | Hot Stocks16:23 EST Omnicell's portfolio of Advanced Services solutions selected by UMC Health - Omnicell announced that UMC Health System, UMC, in Lubbock, Texas, has selected Omnicell's portfolio of Advanced Services solutions to "support key pharmacy initiatives, including acute care, outpatient, retail, and 340B program strategies," the company said. UMC has signed a 10-year sole source agreement for Omnicell's cloud-based portfolio of solutions, including central pharmacy automation and point of care dispensing systems. The partnership is also expected to support UMC's goals of expanding community pharmacy services through opportunities with Omnicell's 340B services and EnlivenHealth's patient engagement solutions. "As medication management becomes more complex, we believe health systems need end-to-end, cloud-based solutions that will allow them to work smarter, while supporting safe, efficient pharmacy care," said Scott Seidelmann, executive vice president and chief commercial officer at Omnicell. "We're confident that Omnicell's partnership with UMC will provide comprehensive solutions that bridge acute and ambulatory care to help enhance performance and that are designed to deliver the highest levels of patient safety across the health system."
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TNET | Hot Stocks16:23 EST TriNet approves $300M increase to share repurchase plan - In February, TriNet's Board of Directors approved a $300M increase to its ongoing stock repurchase program. As of December 31, 2021, approximately $263M remained available for repurchases of TriNet stock under this program.
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BKD | Hot Stocks16:19 EST Brookdale Senior Living sees FY22 adjusted EBITDA $240M-$260M - Sees FY22 RevPAR growth 10%-12%.
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JBGS | Hot Stocks16:18 EST JBG Smith Properties forms office portfolio JV with Fortress Investment - JBG Smith entered into a definitive agreement with affiliates of Fortress Investment Group LLC to form a joint venture to recapitalize a 1.6M square foot portfolio of seven office buildings owned by JBG SMITH valued at $580M. The portfolio includes 7200 Wisconsin Avenue in Bethesda, MD, 1730 M Street in Washington, DC, RTC West I, II and III in Reston, VA, and Courthouse Plaza I and II in Arlington, VA. The properties are all located in amenity-rich, metro-served locations across the Washington, DC region. The transaction is expected to close in the first half of this year, subject to financing and customary closing conditions. "In 2021, we announced plans to sell at least $1.5 billion of non-core office and land assets, primarily outside National Landing, to deleverage our balance sheet and provide capacity for multifamily development and acquisition opportunities and share repurchases," said George Xanders, JBG SMITH Chief Investment Officer. "This partnership with Fortress, a top-tier investment management firm, accelerates our capital recycling initiatives and advances our planned portfolio shift to majority multifamily, with an office concentration in National Landing."
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PRCT | Hot Stocks16:15 EST Procept BioRobotics announces five year results from WATER study - Procept BioRobotics announced five-year results from its 181 patient randomized WATER study comparing Aquablation therapy to TURP, the historical standard of care for treating BPH. WATER is the only prospective, randomized, double-blind, multicenter FDA pivotal study comparing the safety and efficacy of Aquablation to TURP. The study proved superior safety due to low irreversible complications and also superior symptom relief for prostates in the range of 50 milliliters or greater. At five years, IPSS scores improved by 15.1 points in the Aquablation group and 13.2 points in TURP. However, for men with larger prostates greater than 50 milliliters, IPSS reduction was 3.5 points greater across all follow-up visits in the Aquablation group compared to the TURP group. Improvement in peak urinary flow rate was 125% and 89% compared to baseline for Aquablation and TURP, respectively. Retreatment rates, defined as needing BPH medication or surgical intervention, was approximately 1% per year for Aquablation, which was a 51% reduction compared to TURP.
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GM... | Hot Stocks16:16 EST Appaloosa takes stake in General Motors, exits position in HCA Healthcare - David Tepper's Appaloosa Management disclosed in an SEC filing its holdings as of December 31, 2021. Appaloosa's five new buys during the fourth quarter included, by size of position, General Motors (GM), Nordstrom (JWN), Dick's Sporting Goods (DKS), Gap (GPS), and Foot Locker (FL). Appaloosa exited twelve positions during the quarter, including by size of previous position, HCA Healthcare (HCA), Alibaba (BABA), Twitter (TWTR), Paysafe (PSFE), and Qualcomm (QCOM). Appaloosa increased its stake in five holdings, including by size of previous position, Macy's (M), EQT Corp (EQT), Kohl's (KSS), Mosaic (MOS), and Energy Transfer LP (ET). Appaloosa reduced its stake in sixteen holdings, including by size of previous position, T-Mobile (TMUS), Uber (UBER), Alight (ALIT), Meta Platforms (FB), and Alliance Data Systems (ADS). Appaloosa's top holdings as of December 31, 2021, in order of size, were Alphabet Class C (GOOG), Meta Platforms, Macy's, Micron (MU), and Amazon (AMZN).
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LRMR | Hot Stocks16:13 EST Larimar Therapeutics receives FDA feedback on CTI-1601 program - Larimar Therapeutics announced that it has received feedback from the FDA regarding the clinical hold on Larimar's CTI-1601 program. FDA stated it is maintaining its clinical hold at this time and that additional data is needed to resolve the clinical hold. Larimar is further analyzing previously completed studies, and is evaluating if additional studies are warranted. The company also intends to engage FDA to determine how best to provide these data. Larimar is currently reassessing guidance on the timing of the planned Jive open-label extension and pediatric multiple-ascending dose clinical trials as it works to meet the agency's request. The CTI-1601 program was placed on a clinical hold by the FDA following the company's notification to the agency of mortalities which occurred at the highest dose levels in a 26-week non-human primate, or NHP, toxicology study that was designed to support extended dosing of patients with CTI-1601. At the time of the notice, Larimar had no interventional clinical trials with patients enrolled or enrolling. The recent feedback from the FDA follows Larimar's submission of a complete response including a comprehensive study report from the 26-week NHP toxicology study. Data from the Phase 1 single- and multiple-ascending dose, or MAD, clinical trials indicated that repeated subcutaneous injections of CTI-1601 were generally well tolerated at doses up to 100 mg administered daily for up to 13 days. No serious adverse events, important medical events, or treatment-related severe adverse events were reported in the trial and the number and severity of adverse events did not increase with increasing exposure to CTI-1601. The most common adverse events were mild and moderate injection site reactions. Data from the MAD trial also showed that daily subcutaneous injections of CTI-1601 at doses of 50 mg or 100 mg resulted in frataxin levels in peripheral tissues that were at or in excess of those that would be expected in phenotypically normal heterozygous carriers.
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ARAY | Hot Stocks16:12 EST Accuray's Radixact System selected by hospital in Queensland, Australia - Accuray announced that Royal Brisbane and Women's Hospital - RBWH - , the largest medical facility in Queensland, Australia, has selected two Radixact Systems with ClearRT helical fan-beam kVCT imaging and Synchrony artificial intelligence-driven four-dimensional dynamic delivery technology to expand access to radiotherapy treatments to more patients. The Radixact Systems will replace existing, older TomoTherapy Systems in combination with ClearRT and Synchrony.
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ADP WDC | Hot Stocks16:09 EST ADP elects David Goeckeler to Board of Directors - ADP (ADP) announced that David Goeckeler has been appointed to the Board of Directors, effective February 14. This appointment expands the number of independent outside directors on the ADP Board to 11 members. Goeckeler is CEO of Western Digital (WDC).
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QSI | Hot Stocks16:06 EST Quantum-Si names Jonathan Rothberg interim CEO - Quantum-Sci announced the appointment of Dr. Jonathan Rothberg, Founder and Executive Chairman of Quantum Si's Board of Directors, as Interim CEO. Dr. Rothberg succeeds John Stark, effective February 8, 2022, while the Company's Board of Directors commences a search process to identify a long-term CEO. "Quantum-Si's first-of-its-kind next generation protein sequencing has the potential to impact immunology, diagnostics and drug development in the same way that next generation DNA sequencing impacted oncology and precision medicine," said Dr. Jonathan Rothberg. "We remain committed to the commercial launch of our groundbreaking technology in 2022. Two years into a global pandemic, this technology is more important than ever. We need to fully understand our immune response to COVID-19 as well as other pathogens."
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BCOR | Hot Stocks16:05 EST Blucora issues statement in response to Engine Capital director nominations - Blucora issued the following statement in response to the announcement by Engine Capital regarding its notice of nomination of directors for election to Blucora's board of directors at the 2022 annual meeting of stockholders: "Blucora's management and our Board have been actively engaging with our stockholders over the last year, discussing the progress we are making on our transformation as well as important governance, board composition and compensation matters. We have solicited and received input from many of the Company's largest stockholders on these topics and highly value our relationships with them. Engine bought its first share of Blucora stock in December 2021 and has sought to engage with us only very recently, mostly to gain a basic understanding of our business. Prior to delivering its notice of nomination of directors, Engine did not provide us with any substantive feedback or views about how the Company could create additional value for stockholders. We would have welcomed, and continue to welcome, any input Engine has for us. In fact, five days ago, the Chair of our Board reached out to Engine's principal, Arnaud Ajdler, seeking to have a conversation and offering a meeting with members of the Board; Mr. Ajdler responded only today and only after Engine issued its press release. Engine delivered notice of its intent to nominate four people to our Board, seemingly to replace half of the Company's current independent directors. In doing so, Engine's principal, Mr. Ajdler, made representations regarding his contacts and discussions with former directors and officers denying he had conversations with any of them regarding various material matters. Mr. Ajdler's statements are irreconcilably contradicted by statements made under oath by one of our former directors and officers during the course of an ongoing legal matter. In fact, the sworn statements revealed that Mr. Ajdler had engaged in a series of discussions regarding the topics covered by the director and officer questionnaire (including scheduling to discuss those topics) on December 6, 2021, December 7, 2021, December 8, 2021, December 11, 2021, December 13, 2021, January 3, 2022, January 12, 2022 and January 17, 2022. Mr. Ajdler's responses failed to reveal any of those discussions. It was Mr. Ajdler's gross misrepresentations that led our Board to both reject Mr. Ajdler's nomination and question his integrity and suitability to serve as a director on our Board. Engine, for its part, has now withdrawn Mr. Ajdler's nomination and continues to make misrepresentations about the extent to which Mr. Ajdler has had substantive conversations with our former directors and officers in advance of launching a proxy fight. That said, we have repeatedly sought to interview Engine's other nominees, so that our Board can determine if they would be additive to the experiences, skills and diversity of perspectives of our current directors. We continue to offer Engine and its nominees the opportunity to meet with our Board members so that we may evaluate them prior to finalizing our nominations. Our Board actively reviews the Company's corporate strategy, business configuration and performance to ensure the Company maximizes long-term value for all stockholders. We are pleased with the strong momentum of both our wealth management and tax software businesses, which allowed us to recently expand our share repurchase authorization and increase our financial guidance. We believe Blucora is on the right path. The Board will provide stockholders with recommendations with respect to each of the items that will be on the agenda at Blucora's 2022 annual meeting of stockholders in Blucora's definitive proxy statement. Stockholders do not need to take any action at this time."
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CAJ EBAY | Hot Stocks16:05 EST Canon U.S.A successful against eBay counterfeiter - Canon U.S.A. and its parent company, Canon Inc. of Japan, are pleased to announce that the companies have succeeded in stopping the sale and distribution of counterfeit Canon batteries and power supplies by a seller in Texas. As part of the resolution, the seller paid a significant amount of money to Canon for his unlawful activities and signed a sworn agreement that he would not counterfeit or infringe Canon's trademarks in the future. The action against an online seller of counterfeit Canon products located in Texas resulted from Canon's investigation into the seller's distribution of counterfeit Canon camera batteries on eBay, and is part of Canon's ongoing efforts to protect Canon consumers' health and safety from counterfeit products. Upon being confronted with the evidence, the seller agreed to resolve the matter without litigation. The Canon companies are represented by Mark Schonfeld of Burns & Levinson LLP of Boston, MA and Joseph F. Colvin of Hughes Watters Askanase of Houston, TX.
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NVAX | Hot Stocks16:03 EST Novavax: Singapore HSA issues interim authorization for Novavax COVID-19 vaccine - Novavax announced that the Singapore Health Sciences Authority has issued interim authorization for Nuvaxovid COVID-19 Vaccine for active immunization to prevent COVID-19 caused by SARS-CoV-2 in individuals 18 years of age and older. The vaccine, also known as NVX-CoV2373, is the first protein-based vaccine to be authorized for use in Singapore.
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AUR USX | Hot Stocks16:01 EST U.S. Xpress, Aurora collaborate over autonomous truck deployment - Aurora Innovation (AUR) and U.S. Xpress Enterprises (USX) announced a collaboration to explore the deployment of the Aurora Driver within U.S. Xpress operations. This strategic collaboration is designed to fine-tune Aurora's autonomous Driver-as-a-Service product, Aurora Horizon, for efficient deployment at commercial scale. Aurora plans to leverage the intelligence of Variant, U.S. Xpress's digitally enabled fleet, to identify where autonomous technology can have the greatest impact. The companies plan to identify optimal deployment strategies of Aurora Driver-powered trucks so they're strategically positioned to address unmet demand and improve operational efficiency and productivity. Aurora and U.S. Xpress also will explore application programming interface integrations into Variant's platform to enhance dispatching and dynamic routing upon the launch of Aurora Horizon. Through this collaboration, the companies plan to build a future where goods are transported by both human drivers and autonomous trucks. Aurora and U.S. Xpress have committed to exploring how autonomous technology can create a positive impact on the labor market by investing in programs that provide opportunities for new jobs.
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SWAG | Hot Stocks16:00 EST Software Acquisition Group III Inc trading halted, news pending
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LEVI | Hot Stocks15:56 EST Levi's global brand president Jennifer Sey quits - Levi's Global Brand President Jennifer Sey has quit after 23 years at the company due to the "hostile workplace reception" of her COVID-19 views, according to a 1,700-word essay she published Monday morning on Bari Weiss' newsletter on Substack. Sey wrote that she quit and turned down a $1M severance package "in exchange for her voice" after leadership told her that she was "on track" to be the next CEO if she reigned in her opinions on school closures. Reference Link
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ASTS VOD | Hot Stocks15:01 EST AST SpaceMobile says it's teaming with 'leading mobile network operators' - AST SpaceMobile (ASTS) said it is teaming up with "leading mobile network operators" to work to provide cellular broadband coverage across the globe. In a tweet, AST SpaceMobile noted that it is working with Vodafone (VOD) in this effort, linking a video where Vodafone CTO Johan Wibergh claiming that AST SpaceMobile could help Vodafone's 300M plus subscribers. Reference Link
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BFRA | Hot Stocks14:35 EST Biofrontera AG (ADS) trading resumes
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FSV | Hot Stocks14:31 EST FirstService raises quarterly dividend 11% to 20.25c per share - FirstService Corporation announced that its Board of Directors has approved an 11% increase in the quarterly cash dividend on the outstanding Common Shares of the company over the previous 18.25c per Common Share and declared a quarterly dividend of 20.25c per Common Share. The dividend is payable on April 7, 2022 to holders of Common Shares of record at the close of business on March 31, 2022. The company's dividend will be 81c on an annualized basis, up from 73c during the past year.
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AWK | Hot Stocks14:30 EST NJ American Water to acquire Borough of Bound Brook wastewater system for $5M - New Jersey American Water announced it has signed an agreement to acquire the wastewater collection system of the Borough of Bound Brook, N.J. for $5M. This municipally owned system serves approximately 2,900 customers, most of whom already receive water service from New Jersey American Water. The agreement follows a voter referendum that took place in November 2021, in which nearly two-thirds of Bound Brook voters approved the sale of the system to New Jersey American Water. "I want to thank the elected officials and residents of Bound Brook for entrusting us to manage and improve their sewer utility and protect the environment from the many risks associated with running a sewer collection system," said Mark McDonough, president of New Jersey American Water. "Providing water and wastewater service is all we do, and as Bound Brook's water company for over a hundred years, we are deeply committed to making the needed improvements to provide the community with sewer service that is as safe, reliable and affordable as the water service we provide." As part of the acquisition agreement, New Jersey American Water will invest more than $11M in critical sewer system improvements in the next ten years, while freezing current sewer rates for residents for two years and increasing rates no more than 3% annually for the three years after that.
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BFRA | Hot Stocks14:07 EST Biofrontera AG to delist ADS from Nasdaq - Biofrontera AG (BFRA) announced that it has decided its American Depositary Shares, or "ADS," should be delisted from the Nasdaq Capital Market and its reporting obligations with the Securities and Exchange Commission should be deregistered and terminated. "The main purpose of the delisting is to reduce complexity in financial reporting and administrative costs. Biofrontera AG intends to maintain an amended ADS program on a Level I basis, which will allow investors to continue to hold their securities in the form of ADSs and trade the ADS on the U.S. over-the-counter market. The ADSs will automatically transition to the new ADS program in connection with the delisting and will be traded under a new ticker to be designated. Biofrontera AG's ordinary shares will continue to trade in the Prime Standard at the Deutsche Borse under the symbol B8F. Holders of ADSs may choose to exchange their ADSs to holding ordinary shares listed on the Deutsche Borse. Further details regarding the procedures will be announced later. The Company plans to submit a Form 25 relating to its ADSs on Nasdaq to the SEC on or about February 24, 2022 to initiate the delisting and expects the delisting to be become effective not less than ten days later," the company stated.
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BFRA | Hot Stocks14:00 EST Biofrontera AG (ADS) trading halted, news pending
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GFF | Hot Stocks13:27 EST Griffon urges shareholders to vote for company's director nominees - The company said, "The Board of Directors of Griffon Corporation urges shareholders to protect the future of the Company and the value of their investment by voting the WHITE proxy card "FOR" all four of the Company's highly qualified director nominees and the other items of business outlined in Griffon's proxy." The Company responded to Voss Capital's press release from February 14, 2022 with the following statement: "Griffon has read Charles Diao's biography, but has Voss Capital? Voss' proxy touts Mr. Diao as 'currently serv[ing] as Managing Director of Diao & Co. LLC, a provider of advisory services'. However, DiaoCo is inactive having failed to pay its franchise tax and it has no listed phone number. Why has Voss misrepresented what Mr. Diao is doing for a living?" The Company continued, "Charles Diao is on the Board of Directors of a vaping and tobacco products company. The policies of Griffon's businesses generally prohibit the use of tobacco on company premises, and our businesses generally cover the cost of programs to help tobacco users quit smoking. How will Mr. Diao reconcile his commitment to vaping and tobacco use with Griffon's commitment to worker health and safety?" Today, Griffon is filing an Updated Summary Investor Presentation highlighting that it has repositioned the Company, continued to improve performance, and delivered strong total shareholder returns, outperforming both peers and the indices in the last year and three years. The Board encourages all shareholders to protect their investment and vote the WHITE card for growth, regardless of how many shares they hold.
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DASH... | Hot Stocks12:29 EST Coleman's Tiger Global buys Embark, cuts Microsoft in Q4 - Chase Coleman's Tiger Global disclosed in an SEC filing its holdings as of December 31, 2021. The fund's 16 new buys during the fourth quarter included, by size of position, Nubank (NU), Embark Technology (EMBK), Perimeter Solutions (PRM), Weave Communications (WEAV), and TaskUS (TASK). Tiger Global exited eight positions during the quarter, including by size of previous position TransDigm (TDG), FleetCor (FLT), Tuya (TUYA), Root (ROOT), and Despegar.com (DESP). The fund increased its stake in 29 holdings, including by size of previous position Snowflake (SNOW), XPeng (XPEV), Confluent (CFLT), Li Auto (LI), and Datadog (DDOG). Tiger reduced its stake in 21 holdings, including by size of previous position Apollo Global (APO), Microsoft (MSFT), Roblox (RBLX), DocuSign (DOCU), and Amazon (AMZN). The fund's top holdings as of December 31, in order of size, were Microsoft, Sea Ltd. (SE), Nu Holdings, Snowflake, and DoorDash (DASH).
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AAPL | Hot Stocks12:16 EST Apple fined EUR 5M by Dutch regulator over dating app rules - The Netherlands Authority for Consumers and Markets said, "The Netherlands Authority for Consumers and Markets has concluded that the revised conditions that Apple has imposed on dating-app providers are unreasonable, and create an unnecessary barrier. The new conditions stipulate that dating-app providers must develop a completely new app if they wish to use an alternative payment system. Apple has informed ACM about these new conditions. App providers cannot adjust their existing apps. ACM finds this to be an unreasonable condition that is at odds with the requirements that Apple had set out. ACM is of the opinion that, as such, Apple still does not comply with ACM's requirements. Apple must therefore pay another EUR 5M. The total of all penalty payments currently stands at EUR 20M... In its revised conditions, Apple imposes a considerable number of conditions on dating-app providers that wish to use an alternative method of payment. For example, dating-app providers must develop a new app, and submit that new app to the Apple App Store. ACM is of the opinion that this condition hurts dating-app providers. Dating-app providers that opt for an alternative payment system are thus forced to incur additional costs. And consumers that currently use the app have to switch to the new app before they are able to use the alternative method of payment. It will cost app providers a lot of time and effort to inform consumers properly about such a change. For example, consumers will have to delete the old app, and install the new one. In addition, ACM has doubts about several other elements of the revised conditions that Apple has imposed on dating-app providers." Reference Link
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FB | Hot Stocks12:14 EST Texas Attorney General sues Meta over use of biometric data - Texas Attorney General Paxton confirmed that he sued Facebook, now known as Meta Platforms, for "capturing and using the biometric data of millions of Texans without properly obtaining their informed consent to do so, in violation of Texas law." Paxton said in a statement: "Facebook has been storing millions of biometric identifiers (defined by statute as "a retina or iris scan, fingerprint, voiceprint, or record of hand or face geometry") contained in photos and videos uploaded by friends and family who used the social media app. By this illegal activity, Facebook exploited the personal information of users and non-users alike to grow its empire and reap historic windfall profits. The company repeatedly captured biometric identifiers without consent billions of times, in knowing violation of Texas' Capture or Use of Biometric Identifier Act and the Deceptive Trade Practices Act." Reference Link
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WEBR | Hot Stocks12:01 EST Weber falls -11.8% - Weber is down -11.8%, or -$1.23 to $9.21.
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SE | Hot Stocks12:01 EST Sea Limited falls -15.1% - Sea Limited is down -15.1%, or -$23.89 to $134.39.
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MDV | Hot Stocks12:01 EST Modiv falls -23.5% - Modiv is down -23.5%, or -$16.00 to $52.00.
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USER | Hot Stocks12:01 EST UserTesting rises 11.3% - UserTesting is up 11.3%, or 97c to $9.58.
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VTEX | Hot Stocks12:00 EST Vtex rises 13.3% - Vtex is up 13.3%, or $1.01 to $8.59.
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CNR | Hot Stocks12:00 EST Cornerstone Building Brands rises 22.0% - Cornerstone Building Brands is up 22.0%, or $4.05 to $22.45.
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ASAN | Hot Stocks11:25 EST Asana up after CEO Moskovitz buys 1.25M shares - In a regulatory filing late on Friday, Asana disclosed purchases of its common stock that were made by President, CEO and Chair Dustin Moskovitz from February 9 to February 11. Over the three day period, Moskovitz purchased 1.25M shares of Asana Class A common stock, the filing shows. In Monday morning trading, Asana shares are up $5.39, or 9%, to $66.95.
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COIN | Hot Stocks11:23 EST Coinbase's bouncing QR code Super Bowl ad briefly crashes app - The app for Coinbase briefly crashed on Sunday after its bouncing QR code Super Bowl ad sparked a surge in traffic. The ad consisted of a colorful bouncing QR code, reminiscent of the bouncing DVD logo meme, and when scanned, the code brought viewers to Coinbase's promotional website, offering $15 worth of free Bitcoin to new sign ups, along with a $3M giveaway that customers can enter. Coinbase's Chief Product Officer Surojit Chatterjee said via Twitter that, "@coinbase just saw more traffic than we've ever encountered, but our teams pulled together and only had to throttle traffic for a few minutes. We are now back and ready for you at http://drops.coinbase.com. Humbled to have been witness to this. #WAGMI" Reference Link
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RMBL | Hot Stocks10:54 EST RumbleON says RideNow co-founders Mark Tkach, Bill Coulter step down - RumbleOn unveiled a new unified management structure aimed at strengthening the customer experience and supporting future growth and drive long term improvements to the overall customer experience. RumbleOn has promoted Lyle Kramper as National Senior Vice President of Retail and Kristopher Price as National Director of Manufacturer Relations. As National Senior Vice President of Retail, Kramper will oversee a slate of Regional Directors who will lead the daily operations of multiple facilities based primarily on geographic location. RumbleOn also announced that RideNow's co-founders, Mark Tkach and Bill Coulter, have stepped down from their positions with RumbleOn effective February 11, 2021. Subsequent to RumbleOn and RideNow's business combination, which closed August 31, 2021, Tkach served as a director and RumbleOn's COO and Coulter served as Executive Vice Chairman of the Board. Peter Levy, RumbleOn's President, has been appointed to succeed Mr. Tkach as RumbleOn's COO. Mr. Levy has been a member of RumbleOn's senior management team since August of 2017 and was appointed to its Board of Directors in June of 2021.
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CCL | Hot Stocks10:39 EST Carnival says entire fleet will be sailing from the U.S. this summer - Carnival Cruise Line announced the next phase of its 2022 fleet deployment update, including new ship assignments for Port Canaveral and Jacksonville, Fla. and additional itineraries and ship assignments for an expanded offering of summer 2022 sailings from Seattle to Alaska. Carnival operates 10 year-round homeports in the U.S. and by March, will have resumed service in all 10 of its year-round U.S. homeports. With the opening of the Alaska season in May, Carnival will have returned its entire fleet to service, less than 10 months after resuming operations. Beginning in early March, four Carnival ships will orchestrate a series of moves worthy of a synchronized sailing competition as the remaining U.S. homeports return to service, resulting in new homeports for some ships and new seasonal service for others. Carnival Elation will move from Port Canaveral to Jacksonville, effective Apr. 23, 2022 to Oct. 13, 2022. Carnival Freedom will be moving from Miami to Port Canaveral to pick up the itineraries formerly assigned to Carnival Elation, effective Apr. 21 through Oct. 15, 2022. Carnival Spirit will take over several sailings previously assigned to Carnival Freedom, including the Apr. 17 Carnival Journeys cruise from Miami through the Panama Canal to Seattle. Once in Seattle, Carnival Spirit will operate cruises to Alaska from May through Sept. 2022. These itineraries will open for sale later today. Carnival Splendor will reposition to Seattle and operate Alaska sailings currently assigned to Carnival Freedom. Upon completion of the summer season in Alaska, Carnival Splendor will return to Australia with a new Journeys cruise to Sydney, Australia, that will be available soon. Carnival Spirit will sail the Carnival Journeys cruise back through the Panama Canal to Miami that was previously assigned to Carnival Freedom.
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JNPR | Hot Stocks10:01 EST Juniper acquires WiteSand, terms not disclosed - Juniper Networks announced that the company has acquired WiteSand, a cloud-native zero trust Network Access Control solutions company. This deal brings a highly experienced engineering team and exceptional technology to Juniper, accelerating the company's ongoing efforts to deliver a next-generation NAC solution as a key element of their award-winning AI-driven enterprise portfolio.
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BPT | Hot Stocks10:01 EST BP Prudhoe Bay falls -8.3% - BP Prudhoe Bay is down -8.3%, or -81c to $9.05.
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SE | Hot Stocks10:01 EST Sea Limited falls -14.9% - Sea Limited is down -14.9%, or -$23.66 to $134.62.
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WEBR | Hot Stocks10:00 EST Weber falls -15.0% - Weber is down -15.0%, or -$1.57 to $8.87.
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VTEX | Hot Stocks10:00 EST Vtex rises 7.7% - Vtex is up 7.7%, or 58c to $8.16.
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HZN | Hot Stocks10:00 EST Horizon Global rises 10.6% - Horizon Global is up 10.6%, or 54c to $5.65.
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CNR | Hot Stocks10:00 EST Cornerstone Building Brands rises 24.9% - Cornerstone Building Brands is up 24.9%, or $4.59 to $22.99.
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MIR... | Hot Stocks09:50 EST Cooperman's Omega added Mirion, Discovery and Gan in Q4 - Leon Cooperman's Omega Advisors disclosed in an SEC filing its holdings as of December 31, 2021. The fund made four new buys in the quarter: Mirion (MIR), Discovery (DISCA), Gan Limited (GAN) and Virgin Orbit (VORB). Omega exited 13 positions during the quarter, including by size of previous position Alibaba (BABA), Paysafe (PSFE), Meta Platforms (FB) and Navient (NAVI). The fund increased its stake in 17 holdings, including by size of previous position General Motors (GM), Vertiv Holdings (VRTV), Las Vegas Sands (LVS), Lithia & Driveway (LAD) and Arbor Realty (ABR). Omega reduced its stake in 10 holdings, including by size of previous position PennyMac Mortgage (PMT), Enterprise Products (EPD), Ocwen (OCN), Barings BDC (BBDC), NRG Energy (NRG) and Sierra Metals (SMTS). The fund's top holdings as of December 31, in order of size, were Mr Cooper (COOP), Alphabet (GOOGL), Devon Energy (DVN), Fiserv (FISV) and Cigna (CI).
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YMM | Hot Stocks09:47 EST Full Truck Alliance falls -5.7% - Full Truck Alliance is down -5.7%, or -49c to $8.15.
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SE | Hot Stocks09:47 EST Sea Limited falls -13.6% - Sea Limited is down -13.6%, or -$21.46 to $136.82.
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WEBR | Hot Stocks09:47 EST Weber falls -14.7% - Weber is down -14.7%, or -$1.53 to $8.91.
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CDRE | Hot Stocks09:47 EST Cadre rises 4.5% - Cadre is up 4.5%, or $1.03 to $23.81.
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BE | Hot Stocks09:47 EST Bloom Energy rises 6.2% - Bloom Energy is up 6.2%, or $1.05 to $17.93.
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CNR | Hot Stocks09:47 EST Cornerstone Building Brands rises 23.9% - Cornerstone Building Brands is up 23.9%, or $4.40 to $22.80.
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MDV | Hot Stocks09:46 EST MDV Stock trading resumes
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GOOGL... | Hot Stocks09:43 EST Soros Capital buys Alphabet and Apple, exits Snowflake in Q4 - George Soros' Soros Capital Management disclosed in an SEC filing its holdings as of December 31, 2021. Soros Capital's nine new buys during the fourth quarter included Alphabet (GOOGL), Microsoft (MSFT), Apple (AAPL), EQRx, Inc. (EQRX), and TJX (TJX). The fund exited 17 positions during the quarter, including Caesars (CZR), Ulta Beauty (ULTA), Unity Software (U), Twitter (TWTR) and Snowflake (SNOW). Soros increased its stake in eight holdings, including Roblox (RBLX), Booking Holdings (BKNG) and T-Mobile (TMUS). The fund reduced its stake in 10 holdings, including Fiserv (FISV), Target (TGT) and GoDaddy (GDDY). Soros Capital's top holdings as of December 31 were Ranpak (PACK), Alphabet, Microsoft, Apple and Booking Holdings.
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MDV | Hot Stocks09:41 EST MDV Stock trading halted, volatility trading pause
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ZEN... | Hot Stocks09:40 EST Jana Partners added Zendesk in Q4, sold out of Vonage, CyrusOne - Barry Rosenstein's Jana Partners disclosed in an SEC filing its holdings as of December 31, 2021. The fund made two new buys in the quarter: 2.39M shares of Zendesk (ZEN) and 455,423 shares of LivePerson (LPSN). Jana exited three holdings: Vonage (VG), CyrusOne (CONE) and Valvoline (VVV). The fund increased its holdings in five companies: Mercury Systems (MRCY), SPDR S&P 500 ETF Trust (SPY), Encompass Health (EHC), LabCorp (LH) and BlackSky (BKSY). Jana decreased its holdings in two holdings: Macy's (M) and TreeHouse Foods (THS). Jana's top holdings as of December 31, 2021, in order of size, were Conagra Brands (CAG), Zendesk, TreeHouse, Mercury Systems and Encompass Health.
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GRVY | Hot Stocks09:38 EST Gravity trading resumes
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GRVY | Hot Stocks09:33 EST Gravity trading halted, volatility trading pause
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ASUR | Hot Stocks09:29 EST Asure Software files for over $200M in ERTC stimulus on behalf of clients - Asure Software announced they have filed for more than $200 million in stimulus on behalf of their clients as part of the Employee Retention Tax Credit program.
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PMCB | Hot Stocks09:28 EST PharmaCyte Biotech provides update on IND to FDA - PharmaCyte Biotech provided an update on PharmaCyte's activities to lift the FDA clinical hold on PharmaCyte's treatment for locally advanced, inoperable pancreatic cancer, or LAPC. After submission of an initial Investigational New Drug Application, or IND, the FDA requested additional studies and information as a prerequisite for approval of PharmaCyte's IND. A number of additional studies and assays have already been completed; several others are quite lengthy and are underway or are slated to begin soon. As each study and assay is completed, the results are being compiled and will make up PharmaCyte's complete IND submission package to the FDA. PharmaCyte has now completed a product stability study after 3,6,9,12 and 18-months of storage frozen at -80C on PharmaCyte's clinical trial product known as CypCaps, including container closure integrity testing for certain timepoints. The next time point in this ongoing stability study will be at 24 months of product stability of the CypCaps. This 24-month time point analysis is ready to commence, and data will be available in the coming weeks. PharmaCyte has designed and commenced various additional studies requested by the FDA, including a stability study on the cells from its Master Cell Bank used to make the CypCaps. PharmaCyte is already at the three-year stability timepoint for the cells from its MCB. PharmaCyte is in the process of updating its documentation including extending its discussion on immunological aspects of its LAPC treatment. Finally, the company has designed a study in pigs to address biocompatibility and long-term implantation and dispersion of the CypCaps. This animal study will complement the positive data already available from the previous human clinical trials showing the safety of CypCaps implantation in human patients.
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MTTR | Hot Stocks09:23 EST Midland Holdings to use Matterport digital twins for virtual 3D experiences - Matterport announced that Midland Holdings, one of the largest residential real estate brokerages in the Greater China region, will become the first brokerage in the region to use Matterport digital twins to create virtual 3D experiences for its entire portfolio of properties. Using Matterport, the company will provide its customers with easy-to-use, 3D versions of its network of properties through China, Hong Kong, and Macau while also realizing significant operational improvements and cost savings.
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ASAX | Hot Stocks09:14 EST Astrea Acquisition announces termination of three-way merger agreement - Previously, on August 10, 2021, HotelPlanner, Reservations.com, and Astrea Acquisition Corp. announced that they had entered into a definitive three-way merger agreement for a business combination. In a regulatory filing this morning, Astrea Acquisition Corp. disclosed that on February 13, 2022, by mutual agreement, the parties entered into a letter agreement to terminate the merger agreement. As a result, the special meeting of Astrea stockholders scheduled for February 15 will not take place, Astrea noted.
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FIS | Hot Stocks09:10 EST FIS announces acquisition of Atlanta-based, Payrix, terms undisclosed - Financial technology leader FIS announces it has enhanced its embedded payments strategy with the acquisition of Atlanta-based, Payrix. This acquisition aligns with FIS' strategy to expand its e-commerce offerings to companies of all sizes, and in any industry, by embedding payments capabilities within Software-as-a-Service platforms. This acquisition will also enable FIS to unlock the value of its broad solution portfolio by delivering embedded finance capabilities in addition to its e-commerce offerings to small- and medium- sized businesses . "Since acquiring Worldpay in 2019, FIS continues to expand its strategic payments capabilities and offerings in global e-commerce," said Stephanie Ferris, President, FIS. "Bringing the Payrix capabilities inside FIS enables us to continue our journey of serving e-commerce as well as platform companies. The acquisition of Payrix is an excellent proof point of FIS' ability to unlock the value of our broad portfolio of solutions as companies of all sizes rely on FIS as a destination for innovation to advance how the world pays, banks and invests." Terms of the deal are not disclosed. The acquisition is not expected to be material to FIS' financial results to be announced on Feb. 15.
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GFF | Hot Stocks09:08 EST Voss urges Griffon shareholders to vote for its BLUE proxy card - Voss Capital, a significant shareholder of Griffon, reiterates key facts Griffon shareholder should consider when voting their proxies before Griffon's Annual Meeting on February 17th and corrects misperceptions dispersed by the company. Reference Link
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SPK VBIO | Hot Stocks09:08 EST Varian Biopharmaceuticals to become public via SPK Acquisition merger - Varian Biopharmaceuticals and SPK Acquisition announced it has entered into a definitive merger agreement for a business combination that will result in Varian Bio becoming a publicly traded company. Varian Bio is developing a high-potency, specific atypical protein kinase C iota inhibitor that has the potential to be best-in-class as a treatment for various oncology indications with an initial focus on basal cell carcinoma and molecularly targeted solid tumors. Varian Bio is developing rationally designed aPKCi small molecule inhibitor candidate that has been optimized for potency, selectivity and tolerability. aPKCi has been implicated as an oncogene in a number of human cancers, including BCC, cutaneous T-cell lymphoma, non-small cell lung cancer, acute myeloid leukemia, colorectal cancer, and pancreatic cancer, among others. aPKCi has also been demonstrated to have a role in allowing the immune system to recognize tumors, recruit immune cells into the area, and ramp up the anti-tumor response to kill cancer cells in the lab by shrinking their tumors. Varian Bio's leadership team and scientific advisory board has extensive experience in the development of novel cancer therapeutics. including Jeffrey B. Davis, a serial entrepreneur with over two decades of experience in the biotechnology and specialty pharmaceuticals industry, and Jonathan Lewis, M.D., Ph.D., Chairman of Scientific Advisory Board, a surgical oncologist and cancer researcher. The active pharmaceutical ingredient in VAR-101/102, an aPKCi inhibitor, has demonstrated dose dependent anti-tumor activity in murine and human BCC cell lines, as well as other cancer models. Varian Bio intends to develop VAR-101 in a topical formulation for BCC which has the potential to offer optimal clinical utility in BCC as a surgical neoadjuvant or adjuvant therapy. VAR-102, an oral formulation of the active aPKCi inhibitor, lends itself to broader applications in multiple tumor types. Varian Bio believes that VAR-101 and VAR-102, if approved, could represent significant medical and commercial opportunities. Varian Bio, together with its collaborators, is initially developing two formulations of its lead aPKCi inhibitor that has been selected for potency, selectivity, biomarker activity and low toxicity in murine and large animal models. VAR-101 is a dermatologic gel formulation of for the potential topical treatment Basal Cell Carcinoma. BCC is the most common human cancer in the World. There are 4.3 million cases of BCC diagnosed in the US each year, more than one million of whom undergo Mohs surgery. While Mohs has a low recurrence rate, the surgical approach is costly, time consuming, and can be disfiguring, requiring complex reconstructive surgery. Mohs surgery is the 5th most expensive and costly cancer treatment for Medicare in the United States. The active aPKCi inhibitor has demonstrated dose-dependent in vitro BCC cell killing with concordant biomarker Gli-1 mRNA knockdown. Gli-1 is present in BCC, but not normal basal cells and increases in hedgehog pathway inhibition resistance. VAR-102 is an oral formulation of the aPKCi inhibitor for the potential treatment of multiple solid tumors, including non-small cell lung cancer, pancreatic, colorectal and other tumor types. An increasing body of scientific evidence implicates aPKCi as playing a central role in cancer cell growth and metastasis. Varian will pursue systemic tumor indications in a "basket" solid tumor Phase 1 trial. Molecular targeting and target engagement will be measured with associated biomarker exploration. Pursuant to the merger agreement, Varian Bio will merge with a wholly owned subsidiary of SPK, with Varian Bio being the surviving entity of the merger and a wholly owned subsidiary of SPK. SPK, which currently holds approximately $50 million in gross proceeds from the trust account, will be renamed Varian Biopharma, Inc. following the merger. The cash proceeds from the transactions are expected to fund manufacturing, pre-clinical and IND-enabling toxicology studies, and "first-in-human" human clinical studies for an aPKCi inhibitor. This will include the continued development of VAR-101, a topical formulation of its lead aPKCi compound, for the treatment of BCC, and the development of VAR-102, an oral formulation thereof, for the treatment of solid malignancies. Following the closing of the transaction, the Company will be led by existing management from Varian Bio, including CEO Jeffrey B. Davis and CMO Dr. Jonathan Lewis. The transaction has been approved by the Boards of Directors of both SPK and Varian Bio and is subject to the satisfaction of customary closing conditions, including the approval of SPK's shareholders. The transaction is expected to close in the second quarter of 2022.
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MBRX | Hot Stocks09:07 EST Moleculin Biotech announces preliminary result from Phase 2 trial of Annamycin - Moleculin Biotech announced preliminary results supporting the successful conclusion of its second Phase 1 trial, or MB-105, in Poland evaluating Annamycin for the treatment of relapsed and refractory acute myeloid leukemia, or AML, where Moleculin determined a dose of 240 mg/m2 as the Recommended Phase 2 Dose, or RP2D, subject to final approval of the Safety Review Committee, and indicated no signs of cardiotoxicity (a common problem with currently prescribed anthracyclines). Based on preclinical animal data from sponsored research conducted simultaneous with its clinical trials, Annamycin in combination with Cytarabine demonstrated a 68% improvement in the median overall survival compared to Annamycin as a single agent and a 241% increase in OS compared to Cytarabine alone. Based on this data, the Company plans to advance its AML clinical development program in a Phase 1/2 clinical trial in Europe evaluating the combination of Annamycin and Cytarabine utilizing the clinical data from its two prior Phase 1 clinical trials.
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ECC | Hot Stocks09:07 EST Eagle Point Credit boosts Q2 dividend 17% - Eagle Point Credit Company announces the declaration of distributions on shares of the Company's common stock. The Company has declared three separate distributions of 14c per share on its common stock, an increase of 17% from its previous monthly distribution rate of 12c per share, payable on each of April 29 May 31 and June 30 to stockholders of record as of April 11 May 11 and June 10 respectively. The following schedule applies to the distributions: Distributions on common stock are generally paid from net investment income and may also include capital gains and/or a return of capital. The specific tax characteristics of the distributions will be reported to the Company's stockholders on Form 1099 after the end of the 2022 calendar year. "We are pleased to be able to increase our monthly distribution by 17% to 14c per common share," said Thomas Majewski, Chief Executive Officer. "This further underscores the continued strength of our financial performance and our confidence in the Company's investment portfolio and future prospects."
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PLIN | Hot Stocks09:06 EST China Xiangtai Food to purchase bitcoin miners to grow hash rate by 209 PH/s - China Xiangtai Food announced that the Company, through its U.S. subsidiary SonicHash, has entered into sales and purchase agreements with two global Bitcoin mining hardware suppliers to purchase 2200 Bitcoin miners for approximately $13M. The Company's new miners have hash rates of 92 and 98 TH/s and are expected to ramp up the total hash rate of the Company's miner fleet by over 209 PH/s. According to the Agreements, the newly purchased 2200 miners are expected to be delivered to the Company's mining facility site in the U.S. by April 30, 2022. Upon delivery, the Company's mining operation is expected to consist of 3,628 Bitcoin miners producing approximately 341.2 PH/s when operating at full capacity. Dr. Erick Rengifo, CSO of the Company, commented on the purchase: "We expect that these purchase agreements will significantly bolster the Company's projected growth. The global shortage of semiconductors and the recent increase in demand for Bitcoin mining have created a bottleneck for many miners to grow their hash rate. We are very pleased to secure long-term strategic cooperation with the world-leading mining hardware suppliers to continue our momentum."
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VINE | Hot Stocks09:05 EST Fresh Vine expands distribution to two new states - Fresh Vine Wine announced that it has expanded distribution to two new states, Michigan and New Jersey. These new states add to Fresh Vine Wine's rapid, nationwide expansion, one of the Company's key strategic priorities. The Company also has a complementary, rapidly expanding direct-to-consumer distribution channel.
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MSGM | Hot Stocks09:05 EST Motorsport Games, Adam Breeden announce global agreement with Formula 1 - Adam Breeden has announced plans for a F1 racing simulation experience, gamified for a mass audience, in a unique global licence agreement with Formula 1. Through the exclusive, long-term partnership, as many as 30 venues will be rolled out worldwide in the next five years, and Kindred Concepts have agreed a conditional lease with Landsec to launch the new concept at One New Change, the premier retail and leisure destination in the City of London, in Q4 2022. Kindred Concepts, a new company founded by Adam Breeden together with Formula 1 will operate the new concept, "taking competitive socializing to the next level with a premium offering promising best-in-class hospitality and design," the company said. An in-house tech team is working with Studio 397, part of Motorsport Games and Formula 1, to create a new gaming experience leveraging Studio 397's racing simulation platform rFactor 2 for this groundbreaking concept. Dmitry Kozko, CEO, Motorsport Games, said: "We're honoured to work with Kindred Concepts and Formula 1 to help successfully launch this cutting-edge gaming experience. Motorsport Games prides itself on the authenticity and realism brought to each of our games and the simulators at this venue will be no different. We look forward to each guest getting a true to life feel of driving a Formula 1 car in these state-of-the-art simulators in this unique setting."
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NVAX | Hot Stocks09:04 EST Novavax files for CMA of COVID-19 vaccine in Switzerland - Novavax announced its submission to Swissmedic, the Swiss Agency for Therapeutic Products, for conditional marketing authorization of NVX-CoV2373, its recombinant nanoparticle protein-based COVID-19 vaccine candidate with Matrix-M adjuvant, for use in adults.
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MGM IAC | Hot Stocks09:03 EST MGM Resorts, IAC to each purchase 4.5M shares of MGM's stock from Corvex - MGM Resorts (MGM) and IAC (IAC) announced that they will each purchase 4.5M shares of MGM Resorts' common stock from Corvex Management LP at $45 per share, for a total aggregate amount of $405M, or $202.5M each. Following the transaction, funds associated with Corvex will continue to own approximately 6.67M shares, or 1.5% of the company's outstanding common stock. The purchases are expected to settle by February 16. For MGM Resorts, the purchase will be made pursuant to the terms of the company's Feb. 2020 $3B stock repurchase program, of which $636.7M will remain following the transaction. As of Feb. 12, there were approximately 444.8M shares of the company's common stock outstanding.
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AVCO | Hot Stocks09:02 EST Avalon GloboCare expands cellular immuno-oncology platform - Avalon GloboCare announced that the Company is expanding its cellular immuno-oncology program with the addition of novel Chimeric Antigen Receptor - Natural Killer, CAR-NK, cell therapies. Avalon is leveraging its mRNA-based FLASH-CAR platform to develop autologous and universal CAR-NK technology and cellular therapies for the potential treatment of hematologic malignancies and solid tumors. Avalon plans to expand its clinical program in collaboration with its major clinical trial partner, the Lu Daopei Hospital. The new CAR-NK therapies in development are intended to build upon and complement AVA-011, Avalon's lead CAR-T candidate, part of the Company's proprietary mRNA-based FLASH-CAR platform. AVA-011 is currently at the IND-enabling, process development stage, which is expected to produce clinical-grade CAR-T cells for an upcoming clinical trial in patients with hematological malignancies. To further strengthen its CAR-NK development capabilities, Avalon has appointed Dr. Dongfang Liu to its Scientific and Clinical Advisory Board.
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RNAZ | Hot Stocks09:02 EST Transcode announces expansion of global RNA oncology patent portfolio - TransCode Therapeutics announced that it has filed an International PCT Application entitled TEMPLATE DIRECTED IMMUNOMODULATION FOR CANCER THERAPY. The '580 application, expected to publish in June 2022, represents an extension of TransCode's use of its patented RNA therapeutic platform to include using pattern recognition receptors to target tumor cells by activating the RIG-I signaling pathway. Once inside a cell, the selected PRR-activating oligonucleotide encounters a microRNA specific to that tumor, activating a type I interferon-driven immune response, leading to programmed tumor cell death. The filing of the '580 application directly supports TransCode's goals of deploying the right therapy for individual cancer patients. If issued, the proposed patent would join a number of other granted patents TransCode owns or licenses, including US 9,629,812 and EP 2 961 386. As part of its overall patent strategy, TransCode is actively pursuing intellectual property protection for additional components of its discovery engine built around its TTX delivery platform. The TTX platform is currently comprised of a hemodynamic and metabolic tumor targeting delivery system suitable for deploying a variety of RNA therapeutic candidates including RNAi, pattern recognition receptors, messenger RNA, gene repair/replacement and radiolabeled therapeutics.
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HMPT | Hot Stocks08:58 EST Home Point enters servicing relationship with ServiceMAc - Home Point Financial Corporation announced an agreement with ServiceMac to handle Homepoint's servicing operations. With this arrangement, Homepoint's servicing associates will have the opportunity to join the ServiceMac team and provide Homepoint's customers and broker partners with the same high-quality service they are accustomed to from the same highly skilled team that serves them today. This continuity is especially important as customers exit agency-supported forbearance programs. Additionally, customers will continue to see the Homepoint brand on all communications, supporting a seamless transition.
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OB | Hot Stocks08:51 EST Outbrain appoints Paul Knegten as CMO - Outbrain announced the appointment of Paul Knegten, to the newly created position of Chief Marketing Officer, expanding the organization's global marketing efforts, following the company's recent IPO. Knegten will lead Outbrain's global marketing initiatives and will be instrumental in promoting Outbrain's global brand. He will oversee the global and regional planning, development and execution of Outbrain's strategic and product marketing programs and campaigns. Prior to joining Outbrain, Knegten was CMO of Beeswax, which was acquired in 2021 by Comcast's FreeWheel.
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AMD | Hot Stocks08:43 EST AMD board of director elects CEO Su as chair, appoints Olson, Vanderslice - AMD announced that the AMD board has elected President and CEO Dr. Lisa Su as the chair of the board and John Caldwell as lead independent director. Caldwell joined the AMD board in 2006 and has served as chair since May 2016. AMD also announced that former Xilinx board members Jon Olson and Elizabeth Vanderslice have joined the AMD board in conjunction with the close of AMD's acquisition of Xilinx.
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CHRS | Hot Stocks08:42 EST Coherus Biosciences announces new employment inducement grants - Coherus BioSciences announced that effective Feb. 9, 2022, the compensation committee of the Company's board of directors granted options to purchase an aggregate of 236,500 shares of the common stock of the Company to newly hired employees with a per share exercise price of $12.44, the closing trading price on the grant date. One Vice President level executive was granted options to purchase 45,000 shares; and 11 additional non-officer employees were granted options to purchase an aggregate of 191,500 shares. The stock options were granted pursuant to the Coherus BioSciences, Inc. 2016 Employment Commencement Incentive Plan, which was approved by the Company's board of directors in June 2016 under Rule 5635(c)(4) of the Nasdaq Global Select Market for equity grants to induce new employees to enter into employment with the Company.
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AMD XLNX | Hot Stocks08:42 EST AMD completes acquisition of Xilinx - AMD (AMD) announced the completion of its acquisition of Xilinx (XLNX) in an all-stock transaction. AMD expects the acquisition to be accretive to non-GAAP margins, non-GAAP EPS and free cash flow generation in the first year. "The acquisition of Xilinx brings together a highly complementary set of products, customers and markets combined with differentiated IP and world-class talent to create the industry's high-performance and adaptive computing leader," said AMD President and CEO Dr. Lisa Su. "Xilinx offers industry-leading FPGAs, adaptive SoCs, AI engines and software expertise that enable AMD to offer the strongest portfolio of high-performance and adaptive computing solutions in the industry and capture a larger share of the approximately $135 billion market opportunity we see across cloud, edge and intelligent devices." Former Xilinx CEO Victor Peng will join AMD as president of the newly formed Adaptive and Embedded Computing Group. Upon close, Xilinx stockholders received 1.7234 shares of AMD common stock and cash in lieu of any fractional shares of AMD common stock for each share of Xilinx common stock. Xilinx common stock will no longer be listed for trading on the NASDAQ stock market.
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VERU | Hot Stocks08:41 EST Veru reports IDMC recommends Phase 3 sabizabulin study to continue as planned - Veru announced that the Independent Data Monitoring Committee, IDMC, has conducted a planned conditional power analysis of the first 75 randomized patients in the Global Phase 3 COVID-19 registration study evaluating novel oral sabizabulin in hospitalized patients with moderate to severe COVID-19 infection who are at high risk for acute respiratory distress syndrome and death and has concluded the clinical study should continue as originally designed. The IDMC performed this planned conditional statistical power analysis and review of safety of the first 75 study patients to reach the primary endpoint. Current full study recruitment is on track to yield clinical results in the first half of calendar year 2022. The Phase 3 COVID-19 clinical study is a double-blind, randomized (2:1), placebo-controlled study evaluating daily oral 9 mg sabizabulin for up to 21 days versus placebo in 300 hospitalized patients who have moderate to severe infection and who are at high risk for ARDS. The primary efficacy endpoint will be the proportion of patients that die on study up to Day 60. Secondary endpoints will include the proportion of patients without respiratory failure, days in ICU, WHO Ordinal Scale for Clinical Improvement change from baseline, days on mechanical ventilation, days in the hospital, and viral load. The Phase 3 COVID-19 study is being conducted in the United States, Brazil, Argentina, Mexico, Colombia and Bulgaria and is on track. Clinical results are expected in the first half of calendar year 2022.
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APO | Hot Stocks08:40 EST Apollo Funds to acquire additional shares of ABC Technologies Holdings - AP IX Alpha Holdings, an affiliate of certain funds managed by affiliates of Apollo Global Management, announced that, on February 11, 2022, it entered into purchase agreements to purchase up to 10,000,000 common shares of ABC Technologies Holdings from affiliates of Coliseum Capital Management. Under the terms of the Agreements, the Purchaser will acquire 5,000,000 Common Shares and if the Seller participates in ABC's rights offering, the 5,000,000 Common Shares that may be issued to the Seller pursuant to the Rights Offering. The Purchaser will pay CAD$6.25 for each Common Share acquired, representing aggregate consideration of CAD$62,500,000.00 for both the Initial Transaction Shares and the Rights Shares. The Apollo Funds and their affiliates currently beneficially own or control, directly or indirectly, 31,168,685 Common Shares, representing approximately 53.9% of the 57,790,064 issued and outstanding Common Shares on a non-diluted basis. Following the closing of the Rights Offering and the transactions contemplated by the Agreements and assuming the Apollo Funds maintain their 53.9% ownership of ABC, and the Apollo Funds acquire the Rights Shares, the Apollo Funds and their affiliates will beneficially own or control, directly or indirectly, 72,337,370 Common Shares, representing approximately 62.6% of the issued and outstanding Common Shares on a non-diluted basis. The Purchaser holds the Common Shares for investment purposes. Subject to compliance with applicable laws, the Apollo Funds or their affiliates may determine to purchase additional Common Shares, or sell all or some of the Common Shares they will hold, either on the open market or in private transactions, depending upon the price of the Common Shares, market conditions, economic conditions and other factors. Apollo may formulate other purposes, plans or proposals regarding the Corporation, any of its subsidiaries or any of their respective securities or may change its intention with respect to any and all matters referred to above.
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AGL | Hot Stocks08:40 EST Agilon names two new executives Heidi Hittner and Claire Mulhearn to team - agilon health announced the appointment of Heidi Hittner and Claire Mulhearn as Chief Experience Officer and Chief Communications and Public Affairs Officer, respectively. Both Hittner and Mulhearn will become members of agilon health's Executive Leadership team, reporting to Steve Sell, Chief Executive Officer. In their new roles, Hittner will be responsible for the company's in-market organic growth strategy, patient and provider experience, and quality and experience measures including HEDIS, STARS and Net Promoter Score reporting. Mulhearn will be responsible for corporate communications, branding and patient engagement, public policy, and corporate responsibility, as well as she will co-lead environmental, social & governance . "These two senior appointments reflect our vision to transform healthcare at the community level," said Steve Sell, Chief Executive Officer. "Heidi and Claire are seasoned health care executives with deep expertise which will greatly benefit agilon health, our physician partners and senior patients." Hittner has more than 25 years' experience in patient experience, growth strategies and quality. Hittner joined agilon heath in January 2019 as Senior Vice President, Provider Strategies and Growth. Prior to joining agilon health, Hittner led the development of physician services and strategies which fueled success in value-based care Fresenius Medical Care North America. Prior to Fresenius, Hittner spent over a decade at Concentra, where she led operations nationally and the success of Concentra's NPS transformation is highlighted in Fred Reichheld's book "The Ultimate Question 2.0". Hittner earned her B.S. and master's degree at Loma Linda University.
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PNT | Hot Stocks08:39 EST Point Biopharma provides early-stage program updates - POINT Biopharma Global provided progress updates on its early-stage programs, including the pan-cancer fibroblast activation protein-alpha inhibitor program PNT2004, and the next-generation actinium-225 PSMA targeted program PNT2001. PNT2004: Initiation of a Phase 1 therapeutic dose-escalating clinical trial planned for summer 2022 - POINT accelerated PNT2004's therapeutic program after the compelling preclinical data for PNT2004's lead candidate PNT6555 was first announced in Q4 2021. The Company recently completed a pre-CTA meeting with Health Canada regarding the development pathway and clinical study design for the upcoming Phase 1 trial, and expects to file a CTA with Health Canada at the end of Q1 2022. The clinical trial is expected to commence in summer 2022 in Canada. PNT2001: IND-enabling studies with actinium-225 planned for 2022, IND/CTA filing expected H1 2023 - Pre-clinical studies of PNT2001 have resulted in the identification of a lead candidate which, as compared to late-stage PSMA ligands, demonstrates potent anti-tumor activity using Ac-225, while also having an improved safety profile. The Company has advanced the lead candidate into IND-enabling studies which are expected to support an IND/CTA submission in H1 2023. CanSEEK Prodrug Technology Platform: Early-stage ligands against different targets are in development - The goal of the CanSEEK program is to significantly improve the precision and safety of radioligands. Based on the -Ala-Pro FAP-alpha substrate technology, CanSEEK prevents a radioligand from binding to receptors until it has been activated by FAP-alpha in the tumor microenvironment.
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SURG | Hot Stocks08:37 EST SurgePays passes 50,000 mobile broadbrand subscribers - Commenting on the growth in the mobile broadband business, Chairman and CEO Brian Cox stated, "Our mobile broadband channel continues to see red-hot growth exceeding our projections. I believe our hyper-growth skew will continue, considering there are 1,500 activations on some days, which equates to 3% growth in a 24-hour period. I realize the law of large numbers will kick in at some point, but I believe that doesn't happen until 18-24 months out. It appears we will reach our target of 200,000 subscriber activations well ahead of schedule in 2022. 50,000 subscribers is a great milestone and it has been my experience that hitting the next 50,000 is much easier and much faster. We are no longer burning capital month over month, but we are pouring money back into growth to continue this trajectory. Additionally, since we have a solid base of customers we can leverage, we are now exploring additional revenue streams to attach to these devices and are in talks to deploy telehealth, digital wallets and streaming content to expand our gross revenue per subscriber. This is another example of us cornering the underbanked market at a grassroots level both at home and where these consumers shop."
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EIC | Hot Stocks08:37 EST Eagle Point Income Company increases monthly distributions 4% to 12.5c per share - The company has declared three separate distributions of 12.5c per share on its common stock, an increase of 4% from its previous monthly distribution rate of 12c per share, payable on each of April 29, May 31 and June 30 to stockholders of record as of April 11, May 11 and June 10 respectively.
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MULN... | Hot Stocks08:36 EST Mullen Automotive announces results from EV market study - Mullen Automotive announces results from a detailed EV market study and conceptual benchmark comparison of the Mullen FIVE against two industry-leading competitors, the Tesla Model Y and Ford Mach-E. In the second half of 2021, Mullen commissioned consulting firm GO GROW to design and develop a comprehensive, consumer-facing, market exploration of the Electric Vehicle category and to field and test a future-seeing, conceptual execution, and benchmark comparison of the Mullen FIVE Crossover product offering against industry-leading competitors, the Ford Mach-E and Tesla Model Y. The study used an online, monadic methodology and contained a robust sample size of nearly 4,000 respondents recruited from a nationally representative database. Respondents were queried on their opinions and interest in the EV category as well as their awareness, trial, purchase and consideration of the competitive set. This was followed by a detailed comparative exploration whereupon each respondent was exposed to one of three conceptual executions, the Mullen FIVE, Tesla Model Y or Ford Mustang Mach-E. The study revealed that the Mullen FIVE generated very strong metrics across the continuum of test variables, both relative to the competitive benchmarks and on an absolute basis. Despite being an industry newcomer, test results demonstrated that Mullen was performing at a highly competitive level relative to both industry leaders, Ford and Tesla. Based on respondents' verbatim comments, the basis of Mullen FIVE's success appears to be largely a function of the vehicle's attractive design as well as its performance and feature set.
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KSCP | Hot Stocks08:35 EST Knightscope announces strategic partnership with Allied Universal - Knightscope announced a strategic partnership with Allied Universal, a global security and facility services company with revenues at approximately $20B and more than 800,000 employees worldwide, to provide Autonomous Security Robots, or ASRs, to the company's U.S.-based customers to help deter crime, enhance situational awareness and improve security professional safety.
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ALBO | Hot Stocks08:34 EST Albireo announces publication of PICTURE study on caregiver impact of PFIC - Albireo Pharma announced the publication of the PICTURE study in Orphanet Journal of Rare Disease. PICTURE evaluated and quantified the impact that progressive familial intrahepatic cholestasis has on caregivers and found a significant caregiver-reported burden on health-related quality of life, impairment of daily activities, reduced sleep, impact on work productivity, career building challenges and relationship strain. The study illustrates for the first time that PFIC levies a substantial burden that extends beyond the individuals with the disease to those caring for them. The PICTURE study is the first and largest global study to evaluate and quantify the health-related quality of life responses from PFIC caregivers. Specifically, the study found that: PFIC substantially impacted caregivers' quality of life; 82% of caregivers reported a strain on their relationships; 86% of caregivers reported difficulty sleeping; Notably, caregivers in the PICTURE study reported a median quality of life score of 67.7%; On average, PFIC caregivers reported high impairment in daily activities; A third of caregivers reported missing an average of 13 workdays in the last three months, equating to 52 workdays lost in 12 months; Of those who were working in paid employment, 36% stopped work due to caregiving needs, missing an average of 2.8 years of employment during their career. "The PICTURE study provides, for the first time, a look at what it's really like for caregivers to live with the impact of this devastating, rare disease and the effect it has every day on families and adjacent communities," said Ron Cooper, President and CEO of Albireo. "At Albireo, we are committed to being the gold standard partner in the fight against PFIC and the findings from the PICTURE study reinforce the importance of providing access to Bylvay, the first approved drug treatment for patients with PFIC."
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IRNT | Hot Stocks08:34 EST IronNet in stock purchase pact with Tumim Stone for up to $175M - IronNet announced that it has entered into a common stock purchase agreement with Tumim Stone Capital. Under the terms of the Purchase Agreement, IronNet has the right, but not the obligation, to sell to Tumim Stone up to $175M of its common stock, subject to certain conditions. IronNet may direct Tumim Stone to purchase a number of shares not to exceed an amount determined by IronNet's trading volume and stock price. Purchase notices may be issued over the period commencing once certain customary conditions are satisfied, including the filing and effectiveness of a registration statement with the U.S. Securities and Exchange Commission with respect to resale of the shares issued pursuant to the Purchase Agreement, and ending on the first day of the month next following the 36-month anniversary of the Purchase Agreement. Further details will be contained in a Current Report on Form 8-K to be filed by IronNet with the SEC. IronNet expects to use net proceeds from any sales of common stock under the Purchase Agreement for working capital and general corporate purposes to support its future growth.
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HMBL | Hot Stocks08:33 EST HUMBL enters asset acquisition agreement with BizSecure - HUMBL announced that it has acquired the mobile identification, verifiable credentials and blockchain tokenization platform of BizSecure, as well as its employee and consulting resources. With this extensive acquisition, HUMBL will form a new commercial division called HUMBL Blockchain Services, which will introduce and deliver blockchain corporate and governmental solutions.As a result of the acquisition, HUMBL Blockchain Services will assume an existing United States Air Force contract to perform mobile identification and flight card testing on blockchain, which naturally enables the pursuit of additional corporate and government contracts. The acquisition has been consummated as an asset purchase, with BizSecure partners receiving 13,200,000 shares of common stock and 26,800,000 restricted stock units that vest over a two year period at an estimated value of $6,800,000 US dollars based on the market closing price on February 11, 2022. To ensure no dilution is incurred by HUMBL shareholders as part of the acquisition, HUMBL CEO Brian Foote will personally cancel a concomitant amount of his own Series B Preferred shares to offset the 40,000,000 shares issued in payment for the assets of BizSecure. With this acquisition, HUMBL has entered into employment and consulting agreements with the following team members to lead the HUMBL Blockchain Services division, effective immediately. Alfonso Arana, Vice President; HUMBL Blockchain Services; As the CEO and Founder of BizSecure, Alfonso Arana is a technology entrepreneur with a focus on enterprise and government solutions development. Clement Danish, Director of Government Services; HUMBL Blockchain Services; Clement Danish has 20 + years of global and multi-agency experience in strategic planning, execution management, and assessment design. He provides expertise from his time in the U.S. Army as an Infantry Officer, Ranger Instructor, and Company Commander, as well as a government civilian within the Office of the Secretary of Defense for Intelligence and Policy. Ian Calderon, Director of Government Affairs; HUMBL Blockchain Services; Ian is the former Majority Leader of the California State Assembly. He served eight years in the Assembly, from 2012 to 2020. He was the first millennial ever elected to the state legislature, the youngest Majority Leader in state history and the longest-serving Majority Leader in the term-limited era. Dan Hom, Government Consultant; HUMBL Blockchain Services; Dan Hom has more than 20+ years of business experience and international expertise. As the President of Focuscom, his responsibilities include driving business development, as well as managing and providing strategy for private and public sector clients.
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CMCT | Hot Stocks08:33 EST CIM Commercial Trust signs long-term lease in Los Angeles - CIM Commercial Trust announced that it has signed a long-term lease with Lisson Gallery for the entire approximately 5,000-square-foot building at 1037 N. Sycamore Ave. in Los Angeles. Established in 1967, Lisson Gallery is an international contemporary art gallery with locations in London, New York, and Shanghai. The space at 1037 N. Sycamore will serve as Lisson Gallery's first location in Los Angeles, which is anticipated to open in Autumn 2022.
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MAR AAL | Hot Stocks08:33 EST Marriott announces David Marriott elected as next Chairman of the Board - After more than 60 years of leadership, J.W. Marriott, Jr. confirmed to the Board of Directors of Marriott International (MAR), that he plans to retire as Executive Chairman in May and will not stand for re-election to the Board at the upcoming Annual Meeting of Stockholders. In recognition of Marriott's leadership and his significant contributions to the company, the Board formally designated him Chairman Emeritus, effective immediately following the upcoming 2022 Annual Meeting. In addition, the Board has elected David Marriott to succeed J.W. Marriott, Jr. as Chairman of the Board, also effective immediately following the Annual Meeting. The Board also announced it has elected Isabella "Bella" Goren, former CFO, American Airlines (AAL) and its parent, AMR Corporation, as an independent director of the company, effective March 1. The Board also appointed Goren to the Board's Audit Committee, effective on the same date. Goren will be included in the company's slate of nominees for election at Marriott's upcoming 2022 Annual Meeting.
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IPW | Hot Stocks08:32 EST iPower announces launch of new joint venture, Global Social Media - iPower has entered into a joint venture with certain individuals and a social media marketing and entertainment company to create a social commerce platform, Global Social Media. The Company's JV partners bring social media marketing expertise to the venture and iPower will provide its supply chain and e-commerce expertise. iPower also plans to leverage GSM for its own benefit in driving global brand and product awareness through media platforms. iPower will contribute $100,000 for a 60% equity interest in the JV, in accordance with the terms of the JV agreement. "Social commerce is the fastest growing category in the e-commerce industry and we are keen to participate in that growth," said iPower CEO Lawrence Tan. "Similar to our recently launched logistics joint venture, we have identified another low-cost opportunity to enter a new services category that can also benefit our own hydroponics business. Our partners will leverage their expertise in social media marketing to build a strategic network of global influencers that we can utilize to increase iPower's brand awareness and geographic exposure. We look forward to growing this venture and our new line of services in 2022 and beyond."
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SABR | Hot Stocks08:32 EST Sabre and Hopper renew and expand strategic technology partnership - Sabre and Hopper announced the renewal and expansion of their long-term strategic technology partnership. Since 2012, Sabre has been a strategic partner of Hopper's, helping the company deliver on its promise to save users time and money and make travel planning easier. The two companies are committing to their partnership for the next three years, by making Sabre their primary global GDS and technology partner. Both parties have already defined a joint roadmap and will continue working closely.
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TRIB | Hot Stocks08:22 EST Trinity Biotech announces WHO approval of TrinScreen HIV - Trinity Biotech has received approval for its new HIV screening product, TrinScreen HIV, from the World Health Organisation, WHO. TrinScreen HIV: Trinity Biotech's Uni-Gold HIV product has been the main confirmatory test provider for the detection of the HIV virus on the African continent over many years. Trinity Biotech has developed this new product, TrinScreen HIV, specifically for the screening market, a market that is significantly larger than the confirmatory market, with an estimated market size of over $150M. The Company will manufacture TrinScreen(TM) HIV at its automated manufacturing plant in Bray, Ireland. Commenting, Ronan O'Caoimh, Chief Executive Officer stated, "We are excited to have received WHO approval for our new HIV screening product, TrinScreen HIV. This product has been a strategic priority for Trinity Biotech over several years and this approval is a very positive development for the company's future. We have already earned a strong reputation in the HIV testing market in Africa with our HIV confirmatory test, Uni-Gold HIV. We believe that with TrinScreen HIV, we are ideally positioned to take a significant share of the HIV screening market in Africa given the excellent clinical performance of the product and our existing strong reputation in the HIV testing market in Africa."
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CNR | Hot Stocks08:21 EST Cornerstone Building Brands gets $24.65 per share acquisition offer from CD&R - Cornerstone Building Brands acknowledged receipt of a non-binding, best and final proposal from funds affiliated with Clayton, Dubilier & Rice, or CD&R, to acquire all of the company's outstanding shares of common stock that CD&R does not already own for $24.65 in cash per share. CD&R, in the aggregate, is currently the beneficial owner of approximately 49% of the company's outstanding shares of common stock. The board of directors of the company previously formed a special committee of independent directors to evaluate and consider any potential or actual proposal from CD&R and any other alternative proposals or other strategic alternatives that may be available to the company. The company cautions its stockholders and others considering trading in its securities that there can be no assurance that any definitive agreement will result from the proposal submitted by CD&R or that any transaction will be consummated in connection therewith. The company and the special committee do not currently intend to comment further about this proposal unless and until a specific transaction is recommended by the special committee to, and approved by, the board.
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WSR | Hot Stocks08:21 EST Whitestone REIT announces leadership transitions - Whitestone REIT announced several leadership transitions, effective immediately. Leadership Transitions: Promotions: Christine Mastandrea, Executive Vice President of Corporate Strategy, has been appointed Chief Operating Officer and will assume the responsibilities of this role in addition to the ones she has currently. Peter Tropoli, General Counsel, has been appointed Corporate Secretary and will assume the responsibilities of the position in addition to his duties as General Counsel; and Michelle Siv, Director of Human Resources, has been promoted to Vice President of Human Resources. Departures: Additionally, the Company is announcing that John Dee, COO and Bradford Johnson, Executive Vice President of Acquisitions and Asset Management, as part of the leadership transition, have left the Company, effective February 9, 2022. New Hires: Whitestone is also pleased to announce the hiring of two new members to its management team. David Mordy will become Whitestone's Director of Investor Relations, effective February 14, 2022, and Michael Ly will join the Company as its new Controller, effective February 21, 2022. New Executive Leadership Team: Following the completion of these transitions, the Company's executive leadership team will comprise: Dave Holeman, CEO; Christine Mastandrea, COO; Scott Hogan, CFO; Peter Tropoli, General Counsel; and Michelle Siv, Vice President of Human Resources.
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SLDP | Hot Stocks08:19 EST Solid Power appoints Miziolek to board of directors - Solid Power announced its board of directors appointed Aleksandra Miziolek to the board, effective February 10, 2022, bringing the total number of board members to nine. Miziolek brings to the Solid Power board more than 35 years of legal and executive experience, primarily in the automotive and transportation industry.
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SYY | Hot Stocks08:19 EST Sysco completes acquisition of The Coast Companies - Sysco Corporation announced it has completed the acquisition of The Coastal Companies, a leading fresh produce distributor and value-added processer. The acquisition will operate as part of FreshPoint, Sysco's specialty produce business, and enables FreshPoint to enhance its service to the important Mid-Atlantic region, strategically diversify its portfolio by adding retail and ready-to-eat capabilities and adds state-of-the-art facilities with capacity for growth. Founded in 1992 and based in Laurel, MD, The Coastal Companies generates annual revenue of approximately $600M and is comprised of three integrated businesses: Foodservice Distribution - Coastal Sunbelt Produce a leading foodservice supplier of produce, specialty, fresh-cut and value-added products in the Mid-Atlantic region. Retail Distribution - Lancaster Foods is a wholesale supplier of produce and fresh-cut products to retail distribution centers and store locations. Value-Added Manufacturing - East Coast Fresh is a regional processor of fresh-cut and value-added products, manufacturing items such as pre-cut fruits and vegetables, salsas, meal preparation solutions and grab-and-go items. Sysco acquired The Coastal Companies from Continental Grain Company and Rabo Investments through Arlon Food and Agriculture Partners, LP, their co-sponsored private equity fund. The terms of the agreement were not disclosed.
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APO CG | Hot Stocks08:18 EST Apollo Global to acquire majority stake in Novolex, terms not disclosed - Apollo (APO) and Novolex Holdings announced that funds managed by Apollo affiliates have entered into a definitive agreement to acquire the majority of the Company from funds managed by Carlyle (CG). Carlyle will retain a minority stake in the Company. Financial terms were not disclosed. Novolex provides customers with packaging innovation, choice and sustainability. The Company manufactures products made with fiber, renewable, recycled and bio-based materials and resin that are designed to be recycled and composted. The Company is comprised of more than 10,000 employee families worldwide and operates 57 manufacturing facilities in North America and Europe, including two world-class plastic recycling facilities. Customers include the world's largest brands in the dine-in and to-go restaurant, grocery, retail, sanitation and janitorial, construction, food processing and related industries. With Apollo's global resources and significant experience in the packaging sector, Novolex expects to strengthen its leadership position by expanding its blue-chip customer relationships through a shared commitment to sustainability and product innovation. The transaction is expected to close during the second quarter of 2022, subject to regulatory approvals.
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BNGO BODY | Hot Stocks08:17 EST Bionano Genomics appoints Klein as first Chief People Officer - Bionano Genomics (BNGO) announced that it has appointed Helene Klein as its chief people officer, further strengthening its leadership team. "The appointment of a chief people officer reflects Bionano's focus on maintaining and evolving its culture of innovative, disciplined, and rapid response to market needs," the company said. Klein was formerly the chief people officer at the Beachbody Company (BODY) where she led the people function for 14 years.
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BCOR | Hot Stocks08:17 EST Engine Capital sends letter to Blucora holders on need for board change - Engine Capital issued the below letter regarding its decision to nominate three highly qualified and independent candidates for election to the Board of Directors of Blucora, at the 2022 Annual Meeting of Shareholders: "Engine Capital is a sizable shareholder of Blucora with ownership of approximately 3.7% of the Company's outstanding shares. We have spent a significant amount of time analyzing Blucora's assets, business plans, capital allocation decisions, corporate governance and historical performance. We have also engaged with Blucora's leadership to try to better understand why the Company has underperformed and failed to deliver meaningful value for shareholders over many years. Unfortunately, our analysis and engagement with leadership have led us to conclude that shareholder-driven change to the Board of Directors is urgently needed following another year of underperformance in 2021. To help catalyze long overdue improvements at Blucora, we are seeking to elect three highly qualified and independent director candidates at the Company's upcoming Annual Meeting of Shareholders (the "Annual Meeting"). We have recruited a well-rounded slate with corporate governance experience, tax and wealth management expertise, strategic planning knowhow and transaction acumen. Most importantly, we have assembled a group of individuals that is collegial, open-minded and focused on creating long-term value for all shareholders and stakeholders."
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SNAX | Hot Stocks08:16 EST Stryve Foods completes first expansion of Oklahoma manufacturing facility - Stryve Foods shared details for boosting the manufacturing capacity of its Stryve Biltong and Vacadillos Carne Seca meat snack product lines. Leveraging the $35M raised last month in a private placement transaction, Stryve has bolstered its primary manufacturing facility in Madill, Oklahoma and is planning to build and/or procure other facilities during 2022. Stryve is also investing in product innovation, supply chain improvements, and expanding its marketing initiatives. "With increased focus in the U.S. on health and wellness, Stryve is experiencing strong consumer and retailer demand for its healthy meat snacks. The time is right for Stryve to invest in its future, so we are taking bold steps to meet market demand and prepare for what we believe will be a very bright future," said Joe Oblas, Co-Founder and Chief Executive Officer at Stryve. "The first major step was to expand the drying capabilities at our primary factory, which significantly increases drying capacity ahead of the large distribution expansions previously announced with Costco, Walmart and Target, among others," added Oblas. "This was completed ahead of schedule and within budget. Second, we have located a site to consolidate our fulfillment operations that will further enable Stryve to expand capacity and capture efficiencies by locating our corporate offices, e-commerce fulfillment and wholesale fulfillment under one roof. Lastly, Stryve is working on developing additional manufacturing capabilities in-house, that can support diversified growth initiatives in the future."
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OTLK | Hot Stocks08:16 EST Outlook Therapeutics says financed through anticipated approval of ONS-5010 BLA - In November 2021, Outlook Therapeutics closed a $57.5 million gross proceeds equity offering, including full exercise of underwriter's option to purchase additional shares, which is expected to provide funding to the anticipated approval of the ONS-5010 BLA expected in the first calendar quarter of 2023. At December 31, 2021, Outlook Therapeutics had cash and cash equivalents of $70.2 million.
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ENPH | Hot Stocks08:14 EST Enphase Energy, Swell Energy launch partnership with solar, battery offerings - Enphase Energy announced that it is launching a partnership with renewable energy and grid solutions provider Swell Energy. The partnership enables Enphase Energy Systems, powered by IQ Microinverters and IQ Batteries, to participate in Swell's distributed, virtual power plant, VPP, programs in California, New York, and Hawaii. The partnership will enhance solar and battery access along with choice for energy users while delivering critical resources to the local grid. It also aims to expand solar and battery deployment in key energy markets. "Together with Swell we share a mission to provide a world-class customer experience and cutting edge, smart technology," said Dave Ranhoff, chief commercial officer at Enphase Energy. "Swell's programs make it even more compelling for homeowners to choose Enphase Energy Systems, so they can reliably and efficiently run their lives on clean energy, protect against grid outages, and better manage costs."
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OTLK | Hot Stocks08:14 EST Outlook Therapeutics says commercial launch planning underway for ONS-5010 - Per the National Eye Institute, use of unapproved repackaged IV bevacizumab from compounding pharmacies is estimated to account for at least 50% of all wet AMD injections in the United States each year. Globally, the nine major markets account for an estimated $13.1 billion market for anti-VEGF drugs to treat retina diseases. In anticipation of potential FDA marketing approval in 2022 for ONS-5010, Outlook Therapeutics has begun commercial launch planning, including a partnership with FUJIFILM Diosynth Biotechnologies for our drug substance and best-in-class drug product manufacturer Aji Biopharma Services for our drug product, plus distribution, sales force planning, physician and payor advisory board outreach, key opinion leader support and payor community engagement. To bring ONS-5010 to market in a way that benefits all stakeholders - patients, clinicians and payors - Outlook Therapeutics is in collaborative discussions with payors and the retina community. Outlook Therapeutics is also developing registration documents on a parallel path for approvals in Europe and expects to submit them in the fourth quarter of 2022. Outlook Therapeutics continues to explore potential strategic commercialization partners, such as the current partnership with Syntone Biopharma JV in China. Outlook Therapeutics expects ONS-5010, if approved, to be a safe and cost-effective choice for patients, clinicians, and payors worldwide for retinal indications. In addition to the clinical development program evaluating ONS-5010 for wet AMD, Outlook Therapeutics has received agreements from the FDA on three Special Protocol Assessments for three additional registration clinical trials. These SPAs cover the protocols for a planned registration clinical trial evaluating ONS-5010 to treat branch retinal vein occlusion, NORSE FOUR, and two planned registration clinical trials evaluating the drug candidate for the treatment of diabetic macular edema, NORSE FIVE and NORSE SIX. Outlook Therapeutics currently expects to initiate registration clinical trials for ONS-5010 for DME and BRVO in 2023 if FDA approval is received for the wet AMD indication.
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CYTR ORPH | Hot Stocks08:14 EST CytRx highlights Orphazyme update on arimoclomol NDA - CytRx (CYTR) highlighted Orphazyme's (ORPH) announced update on the process and anticipated timelines for resubmission of its new drug application, or NDA, to the FDA for its investigational product candidate, arimoclomol, for the treatment of Niemann-Pick disease type C, or NPC. CytRx licensed arimoclomol to Orphazyme in exchange for milestone payments and royalties. In line with recommendations from the FDA during a Type A Meeting held in October 2021, Orphazyme intends to request a Type C Meeting to discuss additional data, information and analyses addressing certain topics in the complete response letter to align on a path to resubmission for arimoclomol in NPC with the FDA. Orphazyme plans to request the Type C Meeting in Q2. Subject to these discussions, Orphazyme aims to resubmit the NDA during the second half of 2022. Separately, Orphazyme's EU Marketing Authorization Application for arimoclomol for the treatment of NPC was filed with the European Medicines Agency in November 2020. An opinion from the Committee for Medicinal Products for Human Use on this application is expected in Q1. CytRx will continue to share publicly available updates as they relate to the company's licensing deal with Orphazyme.
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OTLK | Hot Stocks08:13 EST Outlook on track to submit BLA for bevacizumab ophthalmic formulation - Outlook Therapeutics' wet AMD clinical program for ONS-5010 for the planned BLA submission consists of three clinical trials, NORSE ONE, NORSE TWO, and NORSE THREE, all of which have been completed. In early August, Outlook Therapeutics reported positive top-line data from its NORSE TWO pivotal Phase 3 clinical trial. In NORSE TWO, ONS-5010 achieved statistically significant and clinically relevant primary endpoint results with 41.7% of subjects gaining at least 15 letters of best corrected visual acuity. Additionally, key secondary endpoint results were achieved including an average gain of 11.2 letters of BCVA from baseline to month 11. In November 2021, these positive results were also reported at the Retina Subspecialty Day at the AAO 2021 Annual Conference, together with the remaining secondary endpoints, with 56.5% of ONS-5010 subjects gaining greater than or equal to 10 letters of vision and 68.5% of ONS-5010 subjects gaining greater than or equal to 5 letters of vision. ONS-5010 was also found to be safe and well tolerated in the NORSE TWO trial. With the registration clinical trials completed, Outlook Therapeutics plans to submit a new BLA under the Public Health Service Act 351(a) regulatory pathway in the first quarter of calendar 2022. If the BLA is approved as planned in the first quarter of calendar 2023, it is expected to result in 12 years of marketing exclusivity for ONS-5010 as the first and only ophthalmic formulation of bevacizumab approved by the FDA to treat wet AMD. As previously announced, if ONS-5010 receives FDA approval, Outlook Therapeutics plans to file a supplementary application for approval to provide the product in a pre-filled, silicone oil-free syringe that meets the FDA's strict specifications for ophthalmic use. In anticipation of potential approval, Outlook Therapeutics is conducting its NORSE SEVEN clinical trial to compare the safety of ONS-5010 in vials versus pre-filled syringes. NORSE SEVEN is expected to enroll approximately 120 subjects with visual impairment due to retinal disorders. Patients will be treated for three months and the enrollment of patients in the arm of the study receiving ONS-5010 in vials has been completed.
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GHSI | Hot Stocks08:12 EST Guardion Health Sciences launches new Viactiv Omega BOOST gel bites - Guardion Health Sciences announced the launch of Viactiv Omega BOOST gel bites, the Company's first expansion of the Viactiv brand since the Company acquired it in June 2021. The 1,200 mg Omega-3 gel bites are designed to provide total body support, including cardiovascular, brain, joint and eye health. "Our new Omega Boost product is an exciting addition to our Viactiv line as it introduces a new dosage form that addresses a gap in the Omega-3 market - clinically proven levels of Omega-3 in an easy to take, great tasting product that you will look forward to taking every day," commented Bret Scholtes, Guardion's Chief Executive Officer. "Further, a study of consumer use of dietary supplements has shown strong overlap between calcium users and those who use Omega-3 supplements. We are excited to be able to offer these supportive nutrients under the same trustworthy Viactiv brand and look forward to continuing to be a reliable and sought-after resource for the nutritional supplement needs of our customers."
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TSLA | Hot Stocks08:11 EST Musk says 'fun police' made Tesla carry out Boombox recall - Asked by a Twitter follower on Saturday what the rationale was for recalling a feature called Boombox, which enabled people to play sounds through an external speaker of their vehicle, Tesla CEO Elon Musk replied: "The fun police made us do it (sigh)." Tesla told the NHTSA on February 4 that it would disable Boombox when its vehicles are in drive, neutral or reverse, to comply with a safety standard requiring electric cars to emit sounds that alert pedestrians. Reference Link
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VXRT BMRN | Hot Stocks08:11 EST Vaxart appoints Berg as senior Vice President, General Counsel - Vaxart (VXRT) announced the appointment of Edward Berg as the Company's first in-house General Counsel, effective. Berg has practiced law for more than 30 years. He joins Vaxart from BioMarin Pharmaceutical (BMRN), where he served as VP, Deputy General Counsel since 2018.
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OTLK | Hot Stocks08:11 EST Outlook Therapeutics announces upcoming milestones - Planned submission of new BLA to the FDA in the first calendar quarter of 2022; Ongoing pre-launch commercial planning underway in anticipation of potential approval for ONS-5010 within the next 12 months; Completion of the NORSE SEVEN study evaluating Outlook Therapeutics' vial delivery system versus a pre-filled syringe of ONS-5010 in calendar 2022; and Continued preparation for NORSE FOUR and NORSE FIVE and NORSE SIX evaluating ONS-5010 for additional ophthalmic indications in calendar 2023.
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MKC | Hot Stocks08:10 EST McCormick announces new targets for reducing GHG emmissions - The company announced new targets for reducing greenhouse gas emissions and water use, as well as improving recycled and solid waste recovery from its facilities. "McCormick's commitment to operating sustainably beyond 2025 is also a top priority. We are underway on our journey to achieving our 1.5 degrees C greenhouse gas emission reduction by 2030 and Net Zero by 2050 targets." said Michael Okoroafor, Chief Sustainability Officer for McCormick. "With 84% of the company's plastic packaging capable of being reused, recycled, or repurposed, McCormick will continue to remain at the forefront of the industry. The company also has plans to further expand its global employee learning and development, health and wellbeing, and giving and volunteer programs to achieve its 2025 goals."
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TRHC | Hot Stocks08:10 EST Tabula Rasa HealthCare signs agreement with HopeWest - Tabula Rasa HealthCare has signed an agreement with HopeWest to implement the full line of TRHC's CareVention HealthCare PACE services, including risk adjustment, personalized medication safety and pharmacy services, PACE consulting, electronic health record technology implementation, and third party administration. HopeWest, a non-profit hospice, palliative care, and grief support organization, went live with its new PACE on October 1, 2021, in Grand Junction, Colorado.
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TSAT | Hot Stocks08:10 EST Telesat Holdings enters capacity deal with Anuvu - Anuvu and Telesat have announced "the largest yet in a series of satellite capacity deals, providing Anuvu and its customers with new Ka-band connectivity over the Southeastern US, the Caribbean, the Gulf of Mexico and Central America," the company said. Under the agreement, Anuvu will add approximately ten gigabits of Ka-band capacity from Telesat starting next month. "The Telesat Lightspeed LEO constellation, with its flexible capacity and 100% global coverage, was designed for mobility from the start. And Anuvu's Bridge to LEO network ensures their passengers an early and smooth upgrade path to the highest-capacity, lowest-latency, fiber-like passenger experience on Telesat Lightspeed," said Glenn Katz, Chief Commercial Officer at Telesat. "Telesat provided Anuvu's first satellite capacity over a decade ago and we are proudly further-cementing our relationship with this important agreement."
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MEDXF | Hot Stocks08:09 EST Medexus Pharmaceuticals announces normal course issuer bid - Medexus Pharmaceuticals is pleased to announce that the Toronto Stock Exchange has accepted Medexus's notice of intention to make a normal course issuer bid. Under the NCIB, Medexus may purchase for cancellation up to C$3,530,000 principal amount of its 6% unsecured convertible debentures due 2023, representing approximately 10% of the public float and approximately 8.5% of the C$41,546,000.00 principal amount of Debentures outstanding as of January 31, 2022. Purchases under the NCIB may commence on February 16, 2022 and continue through February 15, 2023 or such earlier date as Medexus completes its purchases pursuant to the NCIB. The NCIB will be conducted by means of open market transactions through the facilities of the TSX or alternative trading systems. From August 1, 2021 to January 31, 2022 the average daily trading volume of the Debentures was C$7,592.00 principal amount. Accordingly, under TSX rules and policies, purchases under the NCIB on any trading day will be limited to a maximum of C$1,898.00 principal amount, being 25% of the ADTV, other than any purchases made in accordance with the TSX's block purchase exception.
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BAC | Hot Stocks08:08 EST Bank of America launches online payment solution, 'Pay by Bank' - Bank of America announced its latest online payment solution called Pay by Bank. Launched in conjunction with Banked Ltd., this new feature allows customers of e-commerce companies, initially in the UK, to pay directly from their bank account. Pay by Bank transactions, which are based on the concept of Open Banking, take place in real-time and require no credit or debit card details. This makes online checkout simpler, faster and more secure.
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CGRN | Hot Stocks08:08 EST Capstone Green Energy to provide systems to Japanese industrial manufacturer - Capstone Green Energy announced that its Japan distributor, Kanamoto secured a contract to provide seven C65 microturbine systems to a Japanese firm in the chemical industry. Out of 44 Capstone units currently in operation at the Japanese site, the new systems will replace seven units that have reached 80,000 hours of continuous service. The units were previously covered by a 10-year Factory Protection Plan that ended in December 2021. Fueled by high-pressure natural gas , the new systems will be designed to provide Combined Heat and Power , providing maximum efficiency in the production process for which the power will be used. At the same time, the waste heat produced by the microturbines will be captured and used for drying processes required by the chemical plant, a site that has been in operation for 20 years. The new systems are expected to be commissioned in July 2022. This is the only installation in Japan where 44 units have been installed in one location.
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KNTE | Hot Stocks08:07 EST Kinnate to deliver oral presentation on RAF Inhibitor Candidate Program - Kinnate Biopharma announced that it has been selected to deliver an oral presentation of preclinical data from its KIN-2787 program at the upcoming virtual IASLC 2022 Targeted Therapies of Lung Cancer meeting taking place February 22-26, 2022. The presentation will be delivered by study collaborator and presenting author Tadashi Manabe, M.D., Ph.D., Postdoctoral Scholar-Fellow, Department of Medicine, Division of Hematology and Oncology at the University of California, San Francisco. In this study, KIN-2787 activity was assessed by suppression of downstream MAPK pathway signaling and subsequent cell growth inhibition across BRAF-altered and/or RAS-altered versus wild type panels of human non-small cell lung cancer cell lines. In contrast to approved therapies, targeting Class I BRAF alterations, KIN-2787 was most active in Class II and Class III BRAF-altered NSCLC cells. KIN-2787 also inhibited cellular proliferation in BRAF alteration-positive human NSCLC cell lines. Additionally, KIN-2787 was active in in vitro cell growth inhibition assays against a parental BRAF Class I-driven NSCLC cell line and retained activity in an experimentally acquired vemurafenib-resistant BRAF p61 splice variant-expressing derived cell line. In vivo, KIN-2787 efficacy was evaluated using a BRAF-alteration driven human NSCLC cell line and patient-derived xenograft models. The ongoing KN-8701 trial of KIN-2787 is actively enrolling patients across multiple centers in the United States.
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CDTX | Hot Stocks08:07 EST Cidara Therapeutics announces FDA acceptance of IND application for CD388 - Cidara Therapeutics announced that the U.S. Food and Drug Administration, FDA, has accepted the Company's Investigational New Drug, IND, application for its lead flu drug-Fc conjugate, DFC, CD388 - a highly potent, long-acting antiviral immunotherapy designed to deliver universal prevention and treatment of seasonal and pandemic influenza. Cidara intends to initiate a Phase 1 study in healthy volunteers before the end of the current quarter. "Receiving this clearance to advance CD388 into the clinic represents an important milestone for Cidara and our Cloudbreak platform. This marks the first opportunity to explore the clinical safety and pharmacokinetics of one of our novel long-acting DFCs," said Jeffrey Stein, Ph.D. president and chief executive officer of Cidara. "There is a significant unmet need for true universal prevention and treatment of seasonal and pandemic influenza, especially for those who are immunocompromised or at high risk for severe complications. We look forward to advancing CD388 and our Cloudbreak influenza program through the clinic with our collaborator, Janssen. Later this year, we expect the availability of new preclinical data for our other antiviral DFCs, including RSV and SARS, as well as preclinical data for our oncology DFCs directed against solid tumors."
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MMM | Hot Stocks08:07 EST 3M to invest $165M in manufacturing facility in Cottage Grove, Minnesota - The company announced an investment of $165M to improve water quality and reduce water use at its manufacturing facility in Cottage Grove, Minnesota. In August of 2021, the company announced it would no longer use an incinerator to process waste in Cottage Grove. 3M has fully transitioned its waste management at the site to an experienced third party, and as a result, will reduce its on-site energy use by an estimated 25%. The technology investment in Cottage Grove is another step forward in the company's $1B, 20-year commitment to ambitious environmental goals, which include improved water quality, reduced water use and reduced plastic use - as well as achieving carbon neutrality by 2050.
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ATIF | Hot Stocks08:07 EST ATIF Holdings announces successful tests of its NFT platform - ATIF Holdings announced that the internal tests and user feedback from the Alpha testing phase of its NFT platform has have been successful. The NFT platform has been optimized for a larger user base and has entered the beta testing phase. The product and development team will then evaluate public user feedback to further improve its UI functionality, and security. Beta tests are performed by developers in a real environment to ensure that the product is satisfactory for the customer. Customer satisfaction will be the top priority during the beta test as it will create real-world scenarios that the development team can use to further improve the platform upon its main launch.
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MNR ILPT | Hot Stocks08:07 EST Monmouth announces advisory firms recommend vote "FOR" ILPT transaction - Monmouth Real Estate Investment (MNR) announced that leading independent proxy advisory firms Institutional Shareholder Services and Glass, Lewis & Co. have recommended that shareholders vote "FOR" the previously announced all-cash transaction with Industrial Logistics Properties Trust, ILPT, (ILPT) at the Company's upcoming Special Meeting of Shareholders scheduled for February 17, 2022. "We are pleased that both ISS and Glass Lewis support our Board's unanimous recommendation that shareholders vote 'FOR' the transaction with ILPT," said Michael Landy, President and CEO of Monmouth. "The recommendations from ISS and Glass Lewis validate our belief that the proposed transaction maximizes value for shareholders, delivering immediate and certain all-cash value at a significant premium. The Monmouth Board, with the assistance of its financial and legal advisors, completed a comprehensive review process to thoroughly evaluate all strategic options available to the Company. We remain confident that ILPT's all-cash offer, which was the highest bid Monmouth received, is the best available outcome." As previously announced, Monmouth and ILPT have entered into a definitive merger agreement pursuant to which ILPT has agreed to acquire Monmouth for $21.00 per common share, which represents a 24% premium to the unaffected closing share price of $16.99 on December 18, 2020 and a 36% premium to the 30-day volume weighted average unaffected trading share price of $15.43 as of November 5, 2021.
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HMBL | Hot Stocks08:06 EST HUMBL suspends BLOCK ETX subscription products - HUMBL has announced the suspension of its BLOCK ETX subscription products. HUMBL Financial customers are not required to take any action. All subscriptions will be automatically canceled by 5:00 p.m. EST on February 18, 2022. Additionally, monthly subscription fees for January and February 2022 will be refunded. "We do not believe that our non-custodial, algorithmically driven, software-as-a-service BLOCK ETX subscription products are securities, nor that the underlying digital assets are securities," said HUMBL CEO, Brian Foote. "However, after additional dialogue with the SEC surrounding our S-1 filing, we've determined this is the best path forward in the approval process." In the meantime, HUMBL Financial will continue working on future product lines that have greater levels of potential licensing and regulatory clarity.
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MMM | Hot Stocks08:06 EST 3M to commit $1B over 20 years to achieve carbon neutrality - "3M is powered by purpose, unlocking the power of people, ideas, and science, to re-imagine what's possible and create what's next," said 3M chairman and CEO Mike Roman. "We are well positioned for 2022 and beyond because of our customer-inspired innovation, industry-leading businesses, fundamental strengths, and world-class capabilities enabling us to win in fast-growing markets. "Building upon 9% organic growth in 2021, we expect to continue growing above the macro environment, while generating robust cash flow, expanding margins and strengthening our balance sheet. We continue to drive value through our strategic priorities: accelerating innovation, actively managing our portfolio, transforming our operating model with new digital capabilities and investing in our people and culture. In addition, we continue to advance our leadership in ESG, including a $1 billion commitment over 20 years to achieve carbon neutrality, reduce water use and improve water quality along with reducing the use of plastics."
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AAP | Hot Stocks08:05 EST Advance Auto Parts announce industry-first auto battery UL validation - Advance Auto Parts announced that its DieHard brand is the world's first automotive battery to receive circular economy validation as validated by UL . The validation applies to DieHard's line of Absorbent Glass Mat batteries manufactured by Clarios, a global leader in advanced battery technologies and energy storage solutions. UL's team of experts used a science-base, mass balance approach within its recycled content standard, UL 2809, the Environmental Claim Validation for Recycled Content, to validate the sustainable reclamation and manufacturing process of DieHard AGM batteries. Used batteries collected at Advance retail stores undergo a recovery process, with plastics and lead recycled and used by Clarios in the production of new DieHard AGM batteries. "We're thrilled to officially announce that every new DieHard AGM battery is made from recycled material from old batteries that are returned to an Advance or Carquest store," said Tom Greco, Advance's president and chief executive officer. "The only way such a claim can be made is through close collaboration across the entire supply chain, including our supplier Clarios, our customers as well as all of our Advance team members and Carquest independent partners. Today's consumer takes into consideration how their purchasing decisions impact the environment. With this validation, motorists who choose DieHard AGM know they're making an environmentally conscious choice. Clarios shares our commitment to environmental sustainability and they have been a tremendous partner throughout this process. We applaud their work in helping to establish a circular economy through responsible manufacturing and recycling."
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UBX | Hot Stocks08:05 EST Unity Biotechnology announces additional data from Phase 1 study of UBX1325 - UNITY Biotechnology announced that 24-week clinical data from the Phase 1 study of UBX1325 was presented by Robert Bhisitkul, M.D., Ph.D., professor of ophthalmology and director of the Retina Fellowship at University of California, San Francisco, at the Bascom Palmer Eye Institute Angiogenesis, Exudation, and Degeneration 2022 conference on Saturday, February 12, 2022. Consistent with previously shared data, the majority of patients treated with UBX1325 showed rapid and sustained improvements in best corrected visual acuity and maintained or improved central subfield thickness. The presentation titled, "Phase 1 Study of Intravitreal UBX1325: A Novel Agent Against Retinal Cell Senescence in AMD and DME," featured safety, efficacy, and durability data from the Phase 1 single ascending dose study of UBX1325 in patients with diabetic macular edema and wet age-related macular degeneration, including data results from the AMD expansion cohort through 24 weeks, marking the study completion: UBX1325 was well tolerated without signs of intraocular inflammation or other related ocular adversities; In DME, following a rapid improvement in BCVA, a mean improvement of 9.5 ETDRS letters from baseline at 6 months in the higher dose cohorts and 6.9 ETDRS letters from baseline at 6 months in all dose cohorts was observed; In AMD, following a rapid improvement in BCVA, there were improvements or stabilization of both BCVA and CST through 6 months post-injection; In both diseases, the majority of patients treated with UBX1325 showed durable improvement in vision and did not meet objective rescue criteria requiring standard of care anti-VEGF treatment; Among patients who received anti-VEGF rescue, there was minimal change in either mean BCVA or CST following treatment in all but one patient.
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NS | Hot Stocks08:05 EST NuStar Energy backs FY22 adjusted EBITDA view $700,000-$750,000
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ELDN | Hot Stocks08:04 EST Eledon Pharmaceuticals provides corporate update, 2022 anticipated milestones - Eledon Pharmaceutical provided a summary of key 2021 accomplishments and previewed anticipated 2022 milestones. 2021 Key Highlights: Completed enrollment of all four cohorts in ongoing Phase 2a study with tegoprubart in Amyotrophic Lateral Sclerosis. Received regulatory clearance to initiate a Phase 1b clinical trial in Canada and the United Kingdom. Received regulatory clearance to initiate a Phase 2a clinical trial in Australia and New Zealand. Obtained FDA clearance to initiate a Phase 2a U.S. clinical trial in islet cell transplantation. Presented pre-clinical data demonstrating the effectiveness of tegoprubart in preventing islet cell allograft rejection. United States Adopted Names Council adopted "tegoprubart" as the unique non-proprietary or generic name for AT-1501. Anticipated 2022 Milestones: 2Q 2022: topline data from Phase 2a trial of tegoprubart in ALS. 2Q 2022: completion of non-human primate kidney transplantation study with tegoprubart. 2H 2022: initial data from Phase 1b trial of tegoprubart in kidney transplantation. 2H 2022: initial data from Phase 2a trial of tegoprubart in IgAN. 2H 2022: initial data from Phase 2a trial of tegoprubart in islet cell transplantation.
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MMM | Hot Stocks08:04 EST 3M sees FY22 operating cash flow $7.3B-$7.9B - Contributing to 90% to 100% free cash flow conversion. In 2022, 3M plans to invest approximately $4B in the combination of research and development and capital expenditures.
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NS | Hot Stocks08:04 EST NuStar Energy to sell Nova Scotia terminal to EverWind Fuels for $60M - NuStar Energy announced that it has entered into an agreement to sell its terminal in Nova Scotia, Canada to EverWind Fuels for $60M. The 7.8M-barrel storage terminal is located at Point Tupper on the Strait of Canso, near Port Hawkesbury, Nova Scotia. The sale is expected to close in the first half of 2022, subject to the satisfaction of customary closing conditions. NuStar now expects to spend $130M to $160M on strategic capital and continues to expect to spend $35M to $45M on reliability capital for the year, all of which will be funded by internally generated cash flows.
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JKHY | Hot Stocks08:03 EST Jack Henry raises dividend 7% to 49c - Jack Henry & Associates announced its Board of Directors increased the quarterly dividend by 7% to 49c per share. The cash dividend on its common stock, par value 1c per share, is payable on March 25, to stockholders of record as of March 8. Jack Henry has paid consecutive quarterly dividends since 1991, and 2022 marks the company's 33rd increase in dividends paid. At February 9, 2022, there were 72,826,096 shares of the common stock outstanding.
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CECE | Hot Stocks08:01 EST CECO Environmental receives order for exhaust systems in Australia - CECO Environmental announced its Thermal Acoustics Business Unit's Aarding branded solutions has received an order to deliver two customer designed exhaust systems for a new clean energy, gas turbine power plant, located in New South Wales, Australia. The power plant is designed as an alternative cleaner power generator, using natural gas as the primary source. The existing coal plant will be retired once the new 660MW open-cycle plant begins commercial production in December 2023. Aarding's gas turbine exhaust systems will enable the plant to meet or exceed the strict noise abatement requirements of the Australian government.
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AXLA | Hot Stocks08:00 EST Axcella Health receives fast track designation from FDA for AXA1125 - Axcella announced that the FDA has granted a fast track designation to AXA1125 for the treatment of non-alcoholic steatohepatitis, or NASH, with liver fibrosis. AXA1125 is a multi-targeted oral drug candidate that is currently being investigated in the EMMPACT Phase 2b clinical trial in NASH and a separate Phase 2a clinical trial in Long COVID.
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NDAQ | Hot Stocks07:47 EST Nasdaq market technology EVP Lars Ottersgard retires - Nasdaq, announced the retirement of Lars Ottersgard, Executive Vice President for Market Technology, after 16 years providing leadership to the organization. Ottersgard will transition into an advisory role on April 30, 2022, until his formal retirement on August 31. As a result, the company is appointing two senior leaders - Jamie King and Roland Chai - to drive forward its Anti-Financial Crime and Market Infrastructure Technology businesses, respectively, and both will report directly to Nasdaq President and CEO Adena Friedman. The announced changes are not expected to impact the company's public financial reporting structure for the Market Technology segment, comprised of the Anti-Financial Crime and the Market Infrastructure Technology businesses. Additionally, Nasdaq continues to maintain its financial and operational performance targets for the Market Technology segment. The following leadership changes will be effective from April 4, 2022: Jamie King will be elevated to Executive Vice President, Nasdaq, and will assume leadership of Nasdaq's Anti-Financial Crime business. The AFC business comprises solutions used by thousands of banks, exchange operators, and other financial institutions for detecting and fighting financial crime through trade and market surveillance, and Verafin's fraud detection and anti-money laundering solutions. King is currently President & CEO of Verafin, which he co-founded in 2003. Roland Chai, currently Nasdaq's Global Chief Risk Officer, will be elevated to Executive Vice President and lead Nasdaq's Market Infrastructure Technology business, which comprises purpose-built products to meet the technology needs of marketplace infrastructure clients. As a result of these changes, John Zecca, Nasdaq's Chief Legal & Regulatory Officer, will assume management of Nasdaq's Group Risk Management team from Roland Chai and will become Chief Legal, Risk & Regulatory Officer.
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AVCNF TBPMF | Hot Stocks07:36 EST Avicanna enters strategic partnership with Tetra Bio Pharma - Avicanna (AVCNF) is pleased to announce that it has executed a non-binding term sheet with Tetra Bio-Pharma (TBPMF) to assess entering into a strategic partnership comprising of three strategic pillars, including: The registration and commercialization of Tetra's various prescription products across Avicanna's channels in Latin/South America. Supply of Avicanna's Active Pharmaceutical Ingredients for Tetra's pharmaceutical pipeline. The phyto-cannabinoid APIs would be sourced from Avicanna's low cost and sustainable operations in Colombia. Co-development and support for Avicanna's pharmaceutical pipeline for Health Canada and FDA level clinical development and registration.
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ACHFF | Hot Stocks07:35 EST Arch Biopartners announces Health Canada approved amendment to CATCO protocol - Arch Biopartners announced that Health Canada has approved the amendment to the CATCO protocol to include its lead drug candidate, LSALT Peptide in a new dosing arm of the trial. Health Canada has issued a No Objection Letter for the Clinical Trial Application - Amendment to the CATCO team as part of its approval process. Dosing of LSALT peptide is expected to begin following final local approval and clinical site preparation.
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POST BRBR | Hot Stocks07:35 EST Post Holdings announces record date for spin-off of interest in BellRing - Post Holdings (POST) announced it has set a record date of February 25, 2022 for the anticipated spin-off of 80.1% of its interest in BellRing Brands (BRBR) to Post shareholders. Subject to the satisfaction of certain customary conditions, Post is expected to distribute approximately 78 million shares of common stock of BellRing Distribution on a pro rata basis to Post shareholders on the distribution date for the spin-off. Based on the number of Post common shares outstanding as of January 31, 2022, Post shareholders would receive 1.261585 shares of New BellRing common stock for each share of Post common stock held as of the Record Date. The actual distribution ratio for the shares of New BellRing to be distributed per share of Post common stock will be determined based on the number of shares of Post common stock outstanding as of the close of business on the Record Date. Fractional shares of New BellRing common stock will not be distributed to Post common shareholders. Instead, the fractional shares of New BellRing common stock will be aggregated and any whole shares obtained as a result of such aggregation will be sold in the open market, with the net proceeds distributed pro rata in the form of cash payments to Post shareholders who would otherwise receive fractional shares of New BellRing common stock. The spin-off is expected to qualify as a tax-free distribution to Post shareholders for U.S. federal income tax purposes, except to the extent of any cash received in lieu of fractional shares of New BellRing common stock. As previously announced, upon completion of the distribution, BellRing will merge with a subsidiary of New BellRing and each outstanding share of BellRing Class A common stock will be converted into one share of New BellRing common stock. Additionally, as discussed in more detail in BellRing's definitive proxy statement, in the transaction, BellRing stockholders and Post will receive their pro rata share of an amount of cash that Post and BellRing currently anticipate to be approximately $400 million. Prior to the distribution and the merger, New BellRing will be renamed "BellRing Brands, Inc." and its common stock will continue to be traded under the ticker symbol "BRBR" following the transactions. Post and BellRing expect the distribution to be completed in the first calendar quarter of 2022, subject to certain customary conditions, including the receipt of certain tax opinions and the approval of BellRing's stockholders. There can be no assurance that the proposed transaction will be completed as anticipated or at all.
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TSVT | Hot Stocks07:33 EST 2seventy Bio appoints Steven Bernstein as CMO - 2seventy Bio announced that Steven Bernstein will join the company effective immediately and assume the role of chief medical officer, or CMO. Also announced, Susan Abu-Absi has been appointed chief technology and manufacturing officer at 2seventy bio. Bernstein has more than 25 years of experience as a treating physician, translational scientist, and pharmaceutical executive. Prior to joining 2seventy, Bernstein served as chief translational officer at Turnstone Biologics. Abu-Absi has over 20 years of experience in biologics and cell and gene therapy process development and manufacturing. She most recently served as our senior VP and head of technical development and operations at 2seventy bio.
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MDGS | Hot Stocks07:33 EST Medigus announces first authorization for commercial drone deliveries in Brazil - Medigus announced that ParaZero, a privately held company of which Medigus has a 40% ownership stake, confirmed that a drone carrying its ParaZero SafeAir system was granted the first authorization for commercial drone deliveries from The Brazilian National Civil Aviation Agency, ANAC. ANAC authorized the manufacturer, Speedbird Aero, to carry out commercial drone deliveries in Brazil. Over the past two years, ParaZero has worked closely with Speedbird Aero to equip the Speedbird Aero DLV-1 NEO drone model with the ParaZero SafeAirTM system. This is the first authorization granted by ANAC for the commercial operation of an unmanned aircraft used in product delivery. The authorization enables the remotely piloted aircraft, model DLV-1 NEO, to operate commercially on beyond visual line of sight routes, that is, beyond the operator's visual line of sight. Speedbird Aero will now be able to use the drone to carry out deliveries with loads of up to 2.5 kg within a radius of 3 km. The ParaZero SafeAir system will enable the Speedbird Aero to fly safely in urban environments, maintaining safety margins which include not flying over people, keeping distance from possible sources of electromagnetic interference, observing maximum and minimum operating altitudes and weather conditions.
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PRDS | Hot Stocks07:32 EST Pardes Biosciences presents interim clinical data from PBI-0451 Phase 1 trial - Pardes Biosciences announced that interim clinical data from its ongoing PBI-0451 Phase 1 trial in healthy adult volunteers has been made available to registered conference attendees at the 29th Conference on Retroviruses and Opportunistic Infections, CROI, 2022. The presentation entitled, "PBI-0451: An Orally Administered 3CL Protease Inhibitor of SARS-CoV-2 for COVID-19," shared details around the nonclinical profile of PBI-0451 as well as interim clinical safety, tolerability, and pharmacokinetics after single- and multiple-ascending doses. In the ongoing first in human Phase I trial, PBI-0451 has been observed to be generally well tolerated over a greater than20-fold single- and greater than14-fold multiple-total daily dose range. All treatment emergent adverse events in the study reported through January 31, 2022 have been assessed as mild in severity and resolved without intervention. In a drug-drug interaction cohort, the pharmacokinetics of PBI-0451 was not substantially affected when co-administered with ritonavir, a potent P-glycoprotein/CYP450 3A inhibitor. In multiple ascending dose cohorts, interim data showed that PBI-0451 twice-daily achieved and maintained PK exposures that the company believes has the potential to provide potent antiviral activity against SARS-CoV-2 and emerging variants. Additional dose cohorts and PK evaluation in this ongoing Phase 1 study continues and will inform dose selection for the upcoming PBI-0451 Phase 2/3 study anticipated to start mid 2022 to evaluate PBI-0451 as a potential treatment of SARS-CoV-2.
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BCDA | Hot Stocks07:31 EST BioCardia says DSMB recommends continuation of Phase III CardiAMP study - BioCardia announces that the independent Data Safety Monitoring Board has completed its prespecified data review for the ongoing Phase III pivotal CardiAMP Cell Therapy Heart Failure Trial, just one week after receiving Breakthrough Device Designation from the FDA. The DSMB based its review on all available data for the 108 patients enrolled with an additional six crossover patient procedures in the trial to date. The DSMB performed a risk-benefit assessment, indicated no significant safety concerns, and recommended that the study continue as designed. "It is promising that the most recent risk/benefit analysis of this substantial data pool conducted by the DSMB indicates that the CardiAMP Cell Therapy Heart Failure Trial continues to have the potential to meet its primary endpoint. In fact, we believe that the trial now has the largest enrollment of any trial of intramyocardial bone marrow mononuclear cells performed in ischemic heart failure to date," said BioCardia CEO Peter Altman, Ph.D. "We are also encouraged regarding the recent feedback we have received from FDA and CMS as well as our clinical sites related to our efforts to expedite enrollment in the near future and complete the trial." The ongoing multi-center, double-blinded, randomized, controlled pivotal CardiAMP Heart Failure Trial is expected to enroll 260 patients at up to 40 centers nationwide. The trial's primary endpoint is an outcomes composite score based on a three-tiered Finkelstein-Schoenfeld hierarchical analysis, an established outcomes design that has been used in other leading heart failure programs. The FS procedure is a ranked analysis that compares occurrence of cardiovascular and other health-related events, along with functional capacity measures, through one year in patients receiving the study treatment to patients in the control arm who don't receive the study treatment. Data submitted to the DSMB provided the group with visibility into the risks and benefits of the trial at its primary endpoint.
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NFYEF | Hot Stocks07:26 EST New York's MTA orders 60 more battery-electric buses from NFI - NFI Group announced that its subsidiary New Flyer of America has received a new contract from the New York City Transit Authority for 60 battery-electric, zero-emission Xcelsior CHARGE NG forty-foot heavy-duty transit buses. The order is supported by Federal Transit Administration funds and advances NYCT's goal to reduce New York City's carbon footprint through sustainable public transportation. The order is in addition to 15 battery-electric buses previously delivered to NYCT by New Flyer.
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CERAF | Hot Stocks07:20 EST Ceres Acquisition enters into non-binding LOI with Maritime Launch Services - Ceres Acquisition announced that it has entered into a non-binding letter of intent with Maritime Launch Services to combine with MLS as its qualifying transaction. Under the terms of the letter of intent, MLS' shareholders would exchange their shares in MLS for Ceres common shares. Maritime Launch is a commercial aerospace company based in Nova Scotia. The company is developing Spaceport Nova Scotia, the only dedicated commercial launch site in North America. Maritime Launch is poised to accelerate the global launch market by offering its clients the largest range of launch inclinations on the continent coupled with a technically mature and reliable launch vehicle capable of carrying 5 tons of cargo to low earth orbit. The parties are continuing to negotiate the transaction terms and there can be no assurance that binding definitive agreements will be reached. Any transaction would be subject to, among other things, Ceres board and regulatory approvals, and Ceres' shareholders would be entitled to a redemption right. Ceres has previously called a special meeting of its shareholders to approve an extension of the time for Ceres to complete a qualifying transaction until June 30, 2022. The special meeting is scheduled to be held on February 23, 2022.
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TIGO | Hot Stocks07:18 EST Millicom sets out three year operational, financial, strategic targets - Millicom will be holding its 2022 Virtual Investor Day today beginning at 9:00 a.m. ET. Millicom's CEO Mauricio Ramos and the executive team will discuss the company's three-year operational goals, financial targets and strategic plans. Key announcements will include: Targeted organic operating cash flow growth of around 10% per year on average over the next three years. This reflects expected: Mid-single-digit annual organic service revenue growth; and Annual CapEx of around $1.0 billion. Targeted cumulative Equity free cash flow of $800 million to $1.0 billion over the next 3 years. Near-term target to reduce leverage to 2.5x by 2025. With a long-term goal to further reduce leverage to 2.0x. Shareholder remuneration in the form of share buybacks expected to commence in 2023. Buybacks at a pace consistent with the achievement of leverage reduction targets. Expansion of the Company's fixed broadband network by a targeted three million additional home passings in the next 3 years. The vast majority of the new passings will be FTTH, as the Company accelerates its ongoing transition to FTTH. The Company expects to cover 20 million home passings in its territory in the medium term. The Company also aims to add over 1 million customer relationship net additions in the next three years. Plan to create a Tower Company to carve out the Company's portfolio of owned towers. This structural re-organisation, which will include up to 10,000 towers, will be aimed at enhancing shareholder return on the Company's digital infrastructure assets; maximising their business potential; facilitating the attraction of growth capital from new investors; and enhancing strategic optionality around the Company's infrastructure assets. This initiative is expected to be completed in the next 12-18 months. Plan to carve out of TIGO Money. This second structural re-organisation is aimed at enhancing shareholder return on the Company's nascent Fintech asset; maximising their business potential; facilitating the attraction of growth capital and complementary Fintech expertise to TIGO Money; and enhancing strategic optionality for Millicom. TIGO Money has a unique opportunity to increase financial inclusion in TIGO's market while capturing a leading share of an estimated $14 billion total addressable fintech market opportunity. This initiative is also expected to be completed in the next 12-24 months. Setting of ambitious ESG Targets The Company has submitted for validation its near-term Science-Based Targets, in line with a maximum 1.5 degrees C increase and the Paris Climate Agreement. The Company has also become part of Race to Zero, the UN-backed campaign aimed at promoting a healthy, resilient, zero carbon recovery. The Company has set a target of gender parity by 2030. This will include equal gender representation across the entire organisation, as well as in its upper management positions globally. In addition, the Company will continue to train 100% of its employees annually on DE&I; only work with strategic suppliers with DE&I policies & training in place; and continue to promote inclusion of other under-represented groups.
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CDNA | Hot Stocks07:16 EST CareDx announces it will support national patient advocacy groups - CareDx announced that in commemoration of National Donor Day, held on February 14, it is doing its part to increase public awareness of the serious need for more donations - organ, eye, tissue, blood, platelets and marrow - by providing support to national patient advocacy groups such as Donate Life America, National Kidney Foundation, and The National Minority Organ Tissue Transplant Education Program. "At CareDx we are 100 percent committed to supporting the transplant patient journey. It starts with a transplant and with more than 100,000 patients waiting for an organ transplant alone, patient advocacy and legislative efforts are critical in addressing this serious unmet need," said Reg Seeto, CEO and President of CareDx. "We have supported important legislative policies including the Living Donor Protection Act to promote live organ donations and protect donors from discrimination, and recently made sure that our patient's voices were heard when CMS requested public comments by sharing their insights on the need for greater public awareness around organ donations and earlier waitlist inclusion."
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BITF | Hot Stocks07:15 EST Bitfarms expands management team with three executives - Bitfarms hired three executives for newly created positions to support its growth. Philippe Fortier, Vice President - Special Projects. Serving in various corporate finance and management roles, Fortier played an essential role in a variety of transactional and growth initiatives, both as a principal and advisor to private and listed organizations for over 10 years. Andrea Keen Souza, Vice President - Human Resources. Souza is a senior human resources professional with over two decades of international experience in high growth start-ups, scale-ups, and mergers and acquisitions. Most recently, she was People & Culture Leader at Telus Health Virtual Care. Stephanie Wargo, Vice President - Marketing. Wargo brings 25 years experience and depth of knowledge working for rapidly growing financial services companies. Most recently, Wargo served six years as Vice President, Global Marketing for PrimeRevenue.
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RFP | Hot Stocks07:13 EST Boralex to sell Senneterre power plant to Resolute Forest - Boralex announces an agreement for the sale of the 34.5 MW Senneterre power plant, the last remaining biomass power generation asset in its portfolio. The power plant has been purchased by Resolu Forest Products Canada, an Abitibi-Temiscamingue-based company that has been a supplier of by-product for the Power plant for the past two years. As laid out in its updated 2025 Strategic Plan, Boralex is looking to accelerate its growth in the wind, solar and storage sectors while optimizing its hydroelectric facilities. The sale of the Senneterre Power Plant is consistent with that ambition. From the outset, Boralex focused particular attention to the sustainability of the Power Plant and the associated jobs. For Boralex, it was important that the Power Plant's operations be assumed by a company particularly familiar with the local environment, for the benefit of the plant's employees, customers and suppliers as well as the town of Senneterre. The Power Plant has a power purchase agreement with Hydro-Quebec and employees will be transferred to the purchaser. The transaction will be finalized following completion of all customary closing conditions, including receipt of Hydro-Quebec's consent.
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CLNN | Hot Stocks07:11 EST Clene Nanomedicine provides clinical program update - Clene along with its wholly owned subsidiary Clene Nanomedicine, provided clinical program updates for its lead nanotherapeutic platform drug candidate: CNM-Au8, as well as its antiviral candidate, CNM-ZnAg. HEALEY-ALS Phase 2/3 Platform Trial on track to report top-line data in the second half of 2022: Enrollment into the HEALEY ALS Platform Trial completed in November 2021. This Phase 2/3 trial is evaluating Clene's drug candidate, CNM-Au8, for the treatment of ALS. Top-line data are expected in the second half of this year. Updated survival data from RESCUE-ALS OLE Phase 2 trial to be presented at upcoming MDA Clinical & Scientific Conference: Updated evidence for a long-term survival benefit with CNM-Au8 treatment from the RESCUE-ALS trial open label extension will be presented at the upcoming MDA Clinical & Scientific Conference March 13-16, 2022 in Nashville, TN. Observed survival in study participants was compared to the estimated median survival derived from the validated ENCALS prediction model with results significantly in favor of CNM-Au8 treatment. Long-Term Expanded Access Program treatment continues: Clene continues to support expanded access programs providing CNM-Au8 treatment at four clinical sites in over 50 participants with ALS. VISIONARY-MS Phase 2 Trial to conclude early due to COVID pandemic-related challenges. Unblinded results expected second half of 2022: The VISIONARY-MS Phase 2 trial is evaluating the efficacy and safety of CNM-Au8 for remyelination and neurorepair in stable relapsing MS patients. Unblinded VISIONARY-MS data are targeted for the second half of 2022, with announcement of the next clinical trial in MS planned thereafter. Clene is currently working with the VISIONARY-MS trial investigators and participants to conclude the trial. REPAIR-MS Phase 2 trial has been Initiated in patients with non-active, progressive MS: Clene has initiated a second MS Cohort to confirm target engagement in the more severe, non-active progressive MS population. CNM-ZnAg Phase 2 COVID trial in Brazil completes full enrollment; top-line data expected mid-2022 : Clene's Phase 2 trial of its antiviral CNM-ZnAg in acutely symptomatic, non-hospitalized COVID-19 patients has achieved full enrollment. Top-line results are expected by mid-year 2022. Clene plans to advance CNM-ZnAg into a registration trial, contingent upon positive Phase 2 results.
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ITMZF | Hot Stocks07:10 EST Intema receives Isle of Man online gaming license - Intema Solutions announced that it has received the Isle of Man online gaming license. This fulfills the last condition set by regulatory authorities for final approval of the acquisition of Livestream Gaming, the parent company of LOOT.BET.
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AGTC | Hot Stocks07:09 EST Applied Genetic expects cash to fund operations into 2023 - As of December 31, 2021, the Company's cash and cash equivalents totaled $72.8 million. Management believes that these funds will be sufficient to allow the Company to generate data from its ongoing and planned clinical programs and fund currently planned research and discovery programs into calendar year 2023.
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CLVR | Hot Stocks07:08 EST Clever Leaves expands relationship with Cannatrek in Australia - Clever Leaves announced an expansion of its relationship with Australian medical cannabis company Cannatrek by signing a two-year, take-or-pay basis supply agreement that includes high-THC flower from Portugal, while expanding on its existing partnership for various 10% and 20% CBD oral solutions from Colombia announced in 2020. Over the term of the agreement, Cannatrek has committed to purchasing a minimum of $3.6M, with the next shipment planned for March 2022. "Australia is a key market for Clever Leaves in 2022. As the market matures and continues its rapid growth, we are thrilled to expand our relationship with Cannatrek, supplying industry-leading products to the market. Cannatrek's commitment to the patient experience has continued to grow in the market, with a patient-first approach ensuring their market-leading position," said Andres Fajardo, President of Clever Leaves. "Expanding our partnership will certainly help in addressing the country's growing demand for safe, reliable, and most importantly, pharmaceutical-grade products", he added.
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LASR | Hot Stocks07:07 EST nLight acquires process monitoring expert plasmo Industrietechnik, no terms - nLIGH announced that it has acquired the assets of plasmo Industrietechnik GmbH, an Austrian-based provider of automated quality assurance and diagnostic solutions primarily for the welding and additive manufacturing markets. Plasmo's innovative quality assurance solutions empower customers to implement robust, efficient, and cost-optimized production processes. Plasmo's products are driven by proprietary machine vision and analysis software that monitor and help automate a wide range of industrial welding and additive manufacturing processes. Complementing nLIGHT's expanding laser portfolio, the acquisition of the Plasmo assets strengthens nLIGHT's position as a critical enabler of next generation manufacturing solutions in these growth markets. "Plasmo is a technology leader in process monitoring and quality assurance systems for laser-based manufacturing processes," said Jake Bell, general manager for industrial lasers. "Combining lasers with Plasmo's real-time process monitoring solutions provide customers with a significant advantage as they develop, qualify and produce increasingly complex laser-printed or welded parts, particularly for high volume electric vehicle production," said Mr. Bell.
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CSCW | Hot Stocks07:07 EST Color Star Technology to launch localized Asian version of Color World - Color Star Technology announced that a localized Asian version of its entertainment metaverse Color World will be released this month. Since the release of the entertainment metaverse Color World on the iOS store, the app developed by Color Star has been downloaded by more than 1M users.
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CNC | Hot Stocks07:06 EST Centene unit to continue serving Louisiana's Medicaid program - Centene announced its subsidiary Louisiana Healthcare Connections was selected by the Louisiana Department of Health to continue administering quality, integrated healthcare services to Medicaid enrollees across the state. The new statewide contract is anticipated to begin July 1. The new Medicaid managed care organization contract is for a term of three years with the option for the state to extend the contract up to two additional years.
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AVDL HLUYY | Hot Stocks07:06 EST Avadel Pharmaceuticals appoints Williamson as Chief Medical Officer - Avadel Pharmaceuticals (AVDL) announced the appointment of Douglas Williamson, MBChB, as Chief Medical Officer. Dr. Williamson has more than 25 years of scientific, clinical and medical experience primarily focused on neuroscience. He joins Avadel from Lundbeck (HLUYY), where he served as Senior Vice President, Head of U.S. R&D and Deputy Global Chief Medical Officer.
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SENS | Hot Stocks07:05 EST Senseonics receives FDA approval for Eversense E3 CGM system - Ascensia Diabetes Care announces that its partner Senseonics Holdings (SENS) has received approval from the FDA for the next-generation Eversense E3 Continuous Glucose Monitoring, or CGM, System. Ascensia plans to make the Eversense E3 sensor, which can be used for up to 6 months, available to patients in the U.S. during the Q2. Developed by Senseonics and brought to people with diabetes by Ascensia, the newly approved Eversense E3 CGM System, which includes a sacrificial boronic acid design modification to enhance sensor survival, offers patients: the longest lasting CGM available, with 6-month sensor wear duration and essentially two sensor insertion and removal procedures per year; exceptional accuracy, with a mean absolute relative difference of 8.5% demonstrated in the PROMISE Study for the duration of sensor wear; a fully implantable fluorescence-based sensor, with a removable smart transmitter* that provides discreet on-body vibratory alerts and transmits data to a mobile app.
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NCMI | Hot Stocks07:05 EST National CineMedia partners with RAD AI to enhance audience engagement - National CineMedia announced a strategic partnership with Rad Intelligence, leveraging the power of recommendation and referral with machine learning to drive distribution of advertisers' messages through targeted social influencer networks. RAD AI's marketing platform uses machine learning and natural language technologies to deliver authentic content specifically tailored for today's savvy audience. The partnership recently completed a year-long test of the RAD AI influencer solution across 10 regional NCM campaigns for select advertisers in categories such as education, government, recruitment and healthcare, with positive results. The offering will be expanded to national advertisers in 2022.
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ROIV IMVT | Hot Stocks07:04 EST Roivant Sciences announces major upcoming milestones - Roivant (ROIV) announced the following major upcoming milestones. Dermavant: Dermavant expects a decision from the FDA on the approval of tapinarof for the treatment of adults with plaque psoriasis in the second quarter of calendar year 2022. Dermavant also expects to report topline data from the Phase 3 clinical trial of tapinarof for the treatment of atopic dermatitis in the first half of calendar year 2023. Immunovant: Immunovant (IMVT) plans to initiate a pivotal trial evaluating batoclimab for the treatment of myasthenia gravis in 1H 2022, with topline results expected in 2024. Immunovant also plans to re-initiate its programs in thyroid eye disease and warm autoimmune hemolytic anemia in 2022, and to announce at least two new indications by August 2022. Immunovant expects to initiate pivotal trials for two of these four indications in 2022, with a total of three pivotal trials initiating in 2022. Aruvant: Aruvant expects to announce ongoing new patient and follow up data through 2022 and to initiate its Phase 3 trial for ARU-1801 for the treatment of sickle cell disease in 2023. Kinevant: Kinevant remains on track to initiate its Phase 2 trial evaluating namilumab for the treatment of sarcoidosis in the first half of calendar year 2022. Hemavant: Hemavant plans to amend its ongoing open-label Phase 1/2 trial evaluating RVT-2001 for the treatment of transfusion-dependent anemia in lower-risk MDS patients in the first half of calendar year 2022, with initial data expected in 2023. Lysovant: Lysovant remains on track to initiate its multiple ascending dose study of LSVT-1701 in patients with complicated Staph aureus bacteremia including infective endocarditis in the first half of calendar year 2022.
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ACST | Hot Stocks07:04 EST Acasti Pharma expects cash to provide at least 21 months of operating runway - Cash, cash equivalents and short-term investments totaled $46.3 million as of December 31, 2021, compared to $26.5 million in cash, cash equivalents and short term investments as of December 31, 2020. The Company believes these funding resources provide at least 21 months of operating runway, based on management's current projections.
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BHVN PFE | Hot Stocks07:04 EST Biohaven, Pfizer say rimegepant met co-primary endpoints in acute migraine trial - Biohaven Pharmaceutical (BHVN) and Pfizer (PFE) announced "positive" top-line results from an Asia-Pacific, Phase 3 clinical trial of rimegepant in 1,431 adults for the acute treatment of migraine. Led by BioShin Limited, a subsidiary of Biohaven in China and South Korea, the randomized, regional, multi-center study met the co-primary endpoints evaluating the efficacy and safety of the orally dissolving tablet formulation of rimegepant, an oral calcitonin gene-related peptide receptor antagonist, the companies said. The study met its co-primary endpoints of freedom from pain and freedom from most bothersome migraine-associated symptom including either nausea, phonophobia or photophobia at 2-hours following a single oral dose of rimegepant. In the study, a single oral dose of rimegepant 75 mg provided significant relief of migraine symptoms and return to normal function at 2 hours and delivered sustained efficacy that lasted up to 48 hours for many patients. "Rimegepant showed a favorable safety and tolerability profile among study participants that was consistent with prior clinical trial results in the United States. Detailed data from the study will be presented at future medical meetings to help inform ongoing and future research... This is the fourth positive Phase 3 study of rimegepant for the acute treatment of migraine and the first to be conducted in Asia Pacific," the companies stated. Under the terms of the collaboration agreement between Biohaven and Pfizer, Pfizer has commercialization rights to rimegepant in markets outside of the U.S. Biohaven continues to lead research and development globally and retains the U.S. market. Rimegepant is commercialized as Nurtec(R) ODT in the U.S. and is the only oral CGRP receptor antagonist approved for both the acute and preventive treatment of migraine in adults. An application for the approval of rimegepant is currently under review by the European Medicines Agency with a decision expected in the first half of 2022. Rimegepant is approved for the acute treatment of migraine in Kuwait and the United Arab Emirates, and for the acute and preventive treatment of migraine in Israel.
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RFP LPX | Hot Stocks07:03 EST Resolute Forest to acquire Louisiana-Pacific's 50% equity interest in two JV's - Resolute Forest Products (RFP) announced two separate transactions to grow and improve the competitiveness of its wood products business. Resolute reached an agreement with Louisiana-Pacific (LPX) to acquire the latter's 50% equity interest in two joint ventures that produce I-joists in the Lac-Saint-Jean region of Quebec for $50M, subject to customary adjustments. Resolute-LP Engineered Wood Larouche Inc. and Resolute-LP Engineered Wood St-Prime Limited Partnership are located in Larouche and Saint-Prime, respectively, and are equity method investments in which Resolute has a 50% interest in each entity. Resolute operates the facilities and its joint-venture partner, Louisiana-Pacific, sells the products. Resolute will enter into agreements with Louisiana-Pacific to continue to serve as the exclusive distributor of the engineered wood products manufactured at the two operations. In a separate transaction, Resolute also announced an agreement signed on February 11 with Boralex for the purchase of a cogeneration facility in Senneterre, Quebec. The acquisitions, subject to regulatory approvals and certain closing conditions, are expected to close in the first half of 2022. Resolute intends to pay for the purchases with cash on hand.
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TECH | Hot Stocks07:02 EST Bio-Techne announces publication on ExoDx Prostate test - Bio-Techne announced an important publication in World Journal of Urology, entitled Pre-diagnosis urine exosomal RNA, or ExoDx EPI score, is associated with post-prostatectomy pathology outcome. Principal investigator Alexander Kretschmer, urologist from Ludwig Maximilian University of Munich, Germany, and colleagues demonstrated utility of the ExoDx Prostate test, or EPI, to address limitations related to prostate biopsy sampling error, prostate biopsy bias as well as multifocality of the disease, providing a more relevant assessment of low-risk men who could remain on active surveillance. The significance of this study is that in men with an EPI score below the cut-point of 15.6, the ExoDx Prostate test could prevent low-risk men from proceeding to radical prostatectomy. According to the American Cancer Society, active surveillance is often used to monitor prostate cancer closely. Usually this includes a doctor visit with a prostate-specific antigen blood test about every 6 months and a digital rectal exam at least once a year. Prostate biopsies and imaging tests may be done every 1 to 3 years.
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ARES | Hot Stocks07:01 EST Ares Management raises quarterly dividend to 61c per share from 47c - The dividend is payable on March 31, 2022 to its Class A and non-voting common stockholders of record at the close of business on March 17, 2022. The company announced a higher payout as part of its Q4 earnings results on Friday.
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WWR | Hot Stocks06:58 EST Westwater Resources CEO Christopher Jones to retire, Chad Potter to succeed - On February 9, the company announced the retirement of Christopher Jones, President and CEO and a member of the Board, effective February 25. Chad Potter, who is serving as COO, has been elected Westwater's new President and CEO, and appointed to fill the Board vacancy created by Jones' departure, effective February 26. Potter's appointment is the result of a planned succession strategy dating back to 2021. The Board also announced that, effective February 26, Terence Cryan will become the company's Executive Chairman.
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ACM | Hot Stocks06:57 EST Aecom awarded $300M contract by the U.S. Department of Homeland Security - AECOM announced the U.S. Department of Homeland Security's Federal Emergency Management Agency, or FEMA, has awarded the AECOM-led Compass Production and Technical Services Joint Venture a contract to provide production and technical architecture and engineering services for the Risk Mapping, Assessment and Planning Program. The indefinite delivery, indefinite quantity contract has a combined program ceiling of $300M for a one-year base period with four, one-year option years. Under the new single-award contract, Compass PTS JV will deliver a wide range of services related to flood risk analyses, hazard mapping, disaster response, and risk reduction. In addition, AECOM will leverage its state-of-the-art engineering and mapping capabilities that allow for vast amounts of high-quality hyperlocal flood hazard and risk data and information at state-level scales.
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BDSI COLL | Hot Stocks06:53 EST BioDelivery Sciences jumps 52% to $5.53 after merger pact with Collegium
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HE | Hot Stocks06:52 EST Hawaiian Electric increases quarterly cash dividend to 35c per share - HEI announced that the board of directors increased the quarterly cash dividend to 35c per share from 34c per share, payable on March 10 to shareholders of record at the close of business on February 24. This quarterly dividend is equivalent to an annual rate of $1.40 per share. Dividends have been paid on an uninterrupted basis since 1901. At the indicated annual dividend rate and based on the closing price per share on February 11 of $41.29, HEI's dividend yield is 3.4%.
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HE | Hot Stocks06:51 EST Hawaiian Electric reports Q4 EPS 50c, consensus 61c - Reports Q4 revenue $770.27M, consensus $496.9M. "We're proud of how our HEI companies performed in 2021 - financially, for the customers who rely on us, for our communities and for the long-term health of our state," said Scott Seu, HEI president and CEO. "Solid execution on strategic and operational initiatives in 2021 positioned us well to progress our priorities this year."
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GE | Hot Stocks06:44 EST GE Healthcare's Rapiscan approved by EMA for additional imaging modalities - GE Healthcare has announced that it has received approval from the European Medicines Agency for additional imaging modalities for its stress agent Rapiscan. Already an established pharmacological stress agent in SPECT MPI for adult patients, Rapiscan is now approved for use in Magnetic Resonance Imaging as well as Computed Tomography and Positron Emission Tomography. GE Healthcare has the commercial rights to promote Rapiscan excluding U.S., Mexico and Canada.
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NILE... | Hot Stocks06:41 EST BitNile increases average daily production to more than one Bitcoin a day - BitNile Holdings published an unaudited update on its Bitcoin production activity. As expected, the most recent delivery of the S19j Pro Antminers have been installed at our Michigan data center thereby increasing BitNile's average daily mining production to more than one Bitcoin per day. BitNile's Bitcoin mining production is currently operating at an estimated annualized run rate of 367.34 Bitcoin based on current market conditions, including a mining difficulty of 26.7 trillion.
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ZWS | Hot Stocks06:37 EST Zurn Water Solutions, Elkay Manufacturing to combine in an all-stock transaction - Zurn Water Solutions and Elkay Manufacturing, a market leader in the highly attractive and growing commercial drinking water solutions business, announced they have reached a definitive agreement to combine the businesses in an all-stock transaction. Upon completion of the transaction, Zurn Water Solutions shareholders will own approximately 71% and Elkay shareholders will own approximately 29% of the combined and newly named company - Zurn Elkay Water Solutions Corporation. Under the terms of the transaction agreements Elkay shareholders will receive up to 52.5M shares of Zurn Water Solutions, which results in, Elkay shareholders owning approximately 29% in the combined company. Based on the February 11 closing price of Zurn's common stock, the transaction values Elkay at $1.56B, representing 14.2x its forecasted 2022 Adjusted EBITDA, or 9.8x after factoring in forecasted run-rate cost synergies. The transaction is subject to regulatory approvals, Zurn Water Solutions and Elkay shareholder approval, and customary closing conditions, and is expected to close in the third quarter. Elkay shareholders holding approximately 73% of Elkay's common stock have entered into support agreements committing them to vote all of their respective shares in favor of the transaction, and against any competing acquisition proposal.
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NOG | Hot Stocks06:37 EST Northern Oil and Gas common stock transferred to the NYSE - Northern Oil and Gas announced that the NYSE has approved the transfer of the listing of the Company's common stock from the NYSE American to the NYSE. Effective at the opening of trading on February 17 the common stock of the Company will cease trading on the NYSE American and will commence trading on the NYSE, remaining under the symbol "NOG."
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ZWS | Hot Stocks06:35 EST Zurn Water Solutions, Elkay Manufacturing to combine in an all-stock transaction
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MOTS | Hot Stocks06:34 EST Motus GI Holdings receives 510 clearance from FDA for Pure-Vu EVS System - Motus GI Holdings announced that it has received 510 clearance from the FDA for the Pure-Vu EVS System. The new Pure-Vu EVS System is intended to improve speed of set-up, enhance navigation capabilities in tortuous anatomy, build upon the excellent cleansing capabilities of the Pure-Vu system and enable physicians to rapidly overcome the challenges of poorly prepared colons during a colonoscopy. The Pure-Vu platform facilitates the cleaning of a poorly prepared colon to improve visualization during the colonoscopy procedure. The platform integrates with standard and slim colonoscopes and preserves established procedural workflow by irrigating the colon and evacuating debris to provide a better-quality exam. The commercial launch of the Pure-Vu EVS in the Q1 is anticipated to accelerate speed of adoption in the U.S. and global markets over time. In addition, the advancements made by the Pure-Vu EVS are expected to support future innovation and indication expansion of the Pure-Vu platform.
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NLIT | Hot Stocks06:34 EST Northern Lights Acquisition to acquire Safe Habor for $185M - Northern Lights Acquisition announced the signing of a definitive business combination agreement that will result in Northern Lights' acquisition of Safe Harbor from a subsidiary of Partner Colorado Credit Union, a Colorado-chartered credit union based in Arvada, Colorado, or PCCU. Upon the closing of the transaction, Northern Lights and Safe Harbor will be led by Sundie Seefried, founder and CEO of Safe Harbor. The boards of directors and managers of Northern Lights, PCCU, and Safe Harbor have unanimously approved the proposed business combination. Established in 2015 by PCCU, Safe Harbor was formed to provide an unmet need - compliant access to banking and financial services for the growing U.S. cannabis industry. Over the past seven years, Safe Harbor has grown to nearly 600 accounts spanning 20 states. Additionally, Safe Harbor has processed over $11B in transactions with $4B in 2021 and has grown deposits at a 73% CAGR since inception. Northern Lights will acquire Safe Harbor, a subsidiary of PCCU for a total of $185M, of which $70M will be paid in cash and $115M in shares of Northern Lights Class A common stock. The estimated post-transaction equity value of the company will be approximately $327M, assuming no redemptions by the stockholders of Northern Lights. The transaction will provide up to $107M of gross proceeds, including $117M from Northern Lights' cash-in-trust and a fully committed $60M PIPE from institutional investors.
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COLL BDSI | Hot Stocks06:34 EST Collegium Pharmaceutical to acquire BioDelivery Sciences for $5.60 per share - Collegium Pharmaceutical (COLL) and BioDelivery Sciences International (BDSI) announced a definitive agreement pursuant to which Collegium will acquire BDSI for $5.60 per share in cash. Under the terms of the definitive agreement, Collegium will promptly commence a tender offer to acquire all the outstanding shares of BDSI at the price of $5.60 per share. The offer price of $5.60 represents a 54% premium to BDSI closing share price of $3.64 as of Friday, February 11, and implies a fully diluted equity value of approximately $604M using the treasury stock method. The all-cash consideration will be funded by a combination of Collegium existing cash on hand and a $650M secured financing from funds managed by Pharmakon Advisors, with a four-year term, which will bear an interest rate of Libor+750bps and will be amortized over four years. As part of the transaction, Collegium will repay the existing Collegium term loan from Pharmakon and the existing BDSI term loan from Pharmakon. "Post-closing, we expect Collegium net leverage to be below 3.0x based on estimated fiscal year 2021 pro forma combined EBITDA including run rate synergies. Collegium expects to achieve annual run rate synergies of at least $75 million, based off of BDSI estimated 2021 operating expenses, within twelve months post-closing. Collegium expects this transaction to be highly accretive to earnings in 2022 and 2023. The transaction, which has been unanimously approved by the boards of directors of both companies, is expected to close late in the first quarter 2022, subject to customary closing conditions, including receipt of required regulatory approvals and the tender of a majority of outstanding shares of BDSI's common stock. Following the successful closing of the tender offer, Collegium will acquire any shares of BDSI that are not tendered in the tender offer through a second-step merger at the same consideration as paid in the tender offer."
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BW | Hot Stocks06:31 EST Babcock & Wilcox awarded $22M contract in Asia - Babcock & Wilcox announced its B&W Renewable business segment has been awarded a contract for approximately $22M to design and supply advanced waste-to-energy technology to help a power producer in Asia reduce its reliance on coal and decrease the amount of waste sent to landfills. B&W Renewable will design and supply a 440-ton-per-day waste-to-energy boiler, DynaGrate combustion grate and other combustion equipment, including burners and sootblowers. The plant will generate cleaner electricity for the community while processing approximately 160,000 tons of industrial waste annually.
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COLL BDSI | Hot Stocks06:31 EST Collegium Pharmaceutical to acquire BioDelivery Sciences for $5.60 per share
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CWLDF BX | Hot Stocks06:14 EST Crown Resorts agrees to A$13.10 per share takeover by Blackstone - Crown Resorts (CWLDF) says it has agreed to a takeover by Blackstone (BX) for A$13.10 per share in cash. The Scheme Consideration represents a premium of c.32% to the closing price of Crown shares on November 18, 2021 of A$9.90 per share, Crown said, adding that the deal values Crown's equity at approximately A$8.9B. Crown Chairman Ziggy Switkowski said: "The Board has fully considered the Blackstone Transaction and unanimously recommends the proposal, subject to customary conditions such as an independent expert concluding the transaction is in the best interests of Crown shareholders and there being no superior proposal. When considering any proposal, the Crown Board has consistently stated it is committed to maximizing value for Crown shareholders. The Crown Board and management have made good progress in addressing a number of significant challenges and issues emerging from the COVID-19 pandemic and various regulatory processes. Nevertheless, uncertainty remains and having regard to those circumstances and the underlying value of Crown we believe the Blackstone Transaction represents an attractive outcome for shareholders. The all-cash offer provides shareholders with certainty of value."
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KBR | Hot Stocks06:05 EST KBR awarded $207M task order - KBR was awarded a $207M task order to conduct multi-disciplined analyses and develop recommendations to enhance the capabilities of the Phased Array Tracking Radar to Intercept on Target, or PATRIOT, missile defense system. KBR was awarded this contract under the Department of Defense Information Analysis Center's, or DoD IAC, multiple-award contract vehicle designed to develop and create new knowledge for the DoD. Under the scope of this task order, KBR will support modeling and simulation efforts for surveillance, guidance, fire control, engagement decision logic, interceptor flyout, seeker, and warhead performance to analyze overall system performance effectively and efficiently. KBR will perform extensive and complex analyses; studies; performance runs; actual live fire, search, track, and flight test missions; hardware-in-the-loop testing; and development and test activities to validate and verify full ground and missile system performance.
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BC | Hot Stocks06:01 EST Brunswick expands partnership with Arkema - Brunswick has announced that it is expanding its partnership with Arkema, a leader in specialty materials, to develop a fully recyclable fiberglass boat that integrates Arkema's Elium liquid thermoplastic resin on all the vessel's composite parts, core, and adhesives. The project is part of Brunswick's enterprise-wide sustainability program and is expected to allow for hull and structural components to be fully recycled at end of life and reintroduced into production processes, reducing the amount of disposable material and sourcing of virgin raw materials. The first prototype is expected to be displayed at the 2022 Fort Lauderdale Boat Show, and will be developed in conjunction with Boston Whaler, leveraging the brand's unique construction to validate the technology.
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CEO | Hot Stocks05:58 EST Cnooc announces Liza Phase II commences production - Cnooc announced that Liza Phase II had commenced production safely and ahead of schedule. Liza Phase II locates in the Stabroek Block offshore Guyana and produces with 1 FPSO and 30 subsea wellheads. The FPSO is the second production facility in the Block following the one serving Liza Phase I. It was constructed in China and Singapore, and arrived in Guyana in October 2021. It is moored in water depth of about 1,650 meters and will be able to store around 2M barrels of crude oil. Liza Phase II is expected to reach its peak production of approximately 220,000 barrels of crude oil per day within this year.
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APO | Hot Stocks05:27 EST Apollo Global to invest $1.4B in Aldar Properties PJSC - Aldar Properties PJSC and Apollo Global have signed a commitment that will see Apollo-managed funds and clients invest a total of $1.4B in strategic capital to drive Aldar's growth initiatives. The commitments are structured in the following components: $500M investment into a land joint venture; $500M in perpetual subordinated notes issued by Aldar Investment Properties; $300M in mandatory convertible preferred equity investment in Aldar Investment Properties; $100M common equity investment in Aldar Investment Properties. The $500M land joint venture will allow Aldar to realize long-term value tied up in its vast landbank, whilst maintaining flexibility to develop or sell the land as per Aldar's long-term development strategy. As part of the deal, Apollo will take a direct minority stake in Aldar Investment Properties at its net asset value. As a result of the transaction, which is expected to close by the end of Q1, Aldar will receive significant cash proceeds that are earmarked to drive our transformational growth agenda as we look to accelerate the effective deployment of capital across our robust pipeline of development and value investment opportunities.
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KELYA KELYB | Hot Stocks05:23 EST Kelly Services, Persol Holdings to unwind cross ownership - In other actions taken, Persol Holdings and Kelly have agreed to changes in their relationship in the APAC region. First, Kelly will reduce its ownership interest in PersolKelly Pte., the staffing joint venture established between Kelly and Persol in 2016, from 49% to 2.5%. Persol will acquire 46.5% of the shares held by Kelly through a Persol subsidiary. These changes will have no impact on the operations of PersolKelly, which remains a staffing supplier across the region. PersolKelly will continue to use the brand name, PersolKelly, for a period of time. Second, Kelly and Persol will discontinue their cross-shareholding. Kelly holds 9,106,800 shares of Persol Holdings common stock, and Persol owns 1,576,169 shares of Kelly's Class A common stock and 1,475 shares of its Class B common stock. Kelly will monetize its equity holdings in Persol by selling all its shares in an open market transaction. Kelly will also buy back from Persol its equity position in Kelly. These actions will allow Kelly to realize the appreciation of its equity investment in Persol and enable the company to reinvest in Kelly's specialty growth strategy. Both stock transactions are expected to be completed within two business days.
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BRAG | Hot Stocks05:16 EST Oryx Gaming now live in Czech Republic through Synot Group partnership - Oryx Gaming, a Bragg Gaming company, has recently debuted its exclusive iGaming content in the Czech Republic in partnership with Synot Group, via its Synot Interactive platform, marking its debut in the country and strengthening its presence in central Europe. Since March, Oryx has gone live with its player-popular content in regulated markets in Switzerland, Germany, Greece, the Netherlands, and the United Kingdom in addition to this recent launch in the Czech Republic.
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MYNZ | Hot Stocks05:13 EST Mainz Biomed announces ColoAlert partnership with Laboratory Monchengladbach - Mainz Biomed announced a partnership with Labor MVZ Dr. Stein + Kollegen, or Laboratory Monchengladbach. Laboratory Monchengladbach, one of the largest diagnostics laboratories in the North Rhine-Westphalia region of Germany, will commercialize ColoAlert, Mainz Biomed's detection test for colorectal cancer, ot CRC. With a team of over 500 employees that includes biologists, chemists, doctors and other specialists, Laboratory Monchengladbach services over 2500 physicians, processing over 5M samples in total annually and screening approximately 1000 patients per week specifically for CRC. Under the terms of the partnership, Mainz Biomed will co-brand ColoAlert with Laboratory Monchengladbach, and sell its polymerase chain reaction, or PCR, assay kits for advanced colorectal cancer detection, on an on-demand basis for use by Labor Monchengladbach's network of physicians and their patients. In order to optimize awareness and adoption, Mainz Biomed and Labor Monchengladbach will also collaborate to deliver a comprehensive marketing and education campaign to include direct-to-consumer advertising, cross channel promotion to physician networks, webinars and sales representative training.
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BQ | Hot Stocks05:10 EST Boqii co-CFO Ying Zhang resigns - Boqii announced that Ying Zhang has resigned from her position as the company's co-CFO and all her roles as a director or an officer of affiliates of the company due to personal reasons, effective immediately. Zhang has been in charge of financial reporting and internal control since 2013 and was later appointed as the company's co-CFO.
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BA | Hot Stocks05:08 EST Boeing announces annual record for e-commerce parts sales last year - Boeing achieved an annual record for e-commerce parts sales last year with more than $2B in online orders. Fueled by investment in digital tools, Boeing Distribution sold nearly 70,000 parts products through its e-commerce site to commercial and government customers, eclipsing pre-pandemic levels. Commercial orders accounted for $1.5B in sales, reflecting the continued recovery in the airline industry. Boeing Distribution's online revenue last year was 15% higher compared to pre-pandemic levels, while orders were 20% higher.
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