Stockwinners Market Radar for February 16, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
RBLX | Hot Stocks20:18 EST Cathie Wood's ARK Investment bought 455K shares of Roblox today
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GPI | Hot Stocks20:04 EST Group 1 Automotive increases buyback authorization by $144.2M to $200M - Group 1 Automotive announced its board of directors increased the company's common stock share repurchase authorization by $144.2M to $200.0M.
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GPI | Hot Stocks20:03 EST Group 1 Automotive raises quarterly dividend to 36c from 35c per share - The dividend is payable on March 15, 2022, to stockholders of record as of March 1, 2022.
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RYCEY ERJ | Hot Stocks19:55 EST Embraer to partner with Wideroe and Rolls-Royce on aircraft production - Embraer (ERJ), Wideroe and Rolls-Royce (RYCEY) have "announced plans to study a conceptual zero-emission regional aircraft. The 12-month cooperation study - in the context of pre-competitive research and development - will address passenger requirements to stay connected in a post Covid-19 world, but do so sustainably, and seeks to accelerate the knowledge of the technologies necessary for this transition. Such technologies will allow national governments to continue to support passenger mobility while reusing most of the existing infrastructure in a more sustainable way."
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MRNA | Hot Stocks18:33 EST Moderna: TGA in Australia authorizes Covid-19 vaccine in children aged 6-11 - Moderna announced that the Therapeutic Goods Administration in Australia has granted provisional registration for the use of Moderna's mRNA COVID-19 vaccine, Spikevax, in a 50 microgram dose, two-dose series, for active immunization to prevent COVID-19 caused by SARS-CoV-2 in children aged 6-11 years.
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NVDA | Hot Stocks18:31 EST Nvidia says gaming card availability remains low - Says still has some supply constraints across certain parts of the business, especially data center. Expects supply to improve quarter by quarter. Says demand greater than supply. Expects growth in Q1 primarily driven by data center. Sees accelerated growth in data center business. Says arm-based processor still on track. Says numerous arm-based projects currently ongoing in the company. Expects several arm-based CPUs going forward. Says "Grace" chip just the beginning of arm CPUs. Says in early innings of RTX. Comments taken from Q4 earnings conference call.
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ACC | Hot Stocks18:11 EST American Campus says Land & Buildings indicated willingness for takeover bid - American Campus Communities released the following statement pertaining to its relationship with Land & Buildings: "Most recently, on February 15, 2022, ACC received a letter from Land & Buildings in which the hedge fund does not propose to acquire ACC, but claims that it is "indicating its willingness to offer to acquire" ACC for $57.00 per share, below the Company's recent all-time high of $57.29. Land & Buildings' actions to date, its inability to finance or consummate a transaction, and its use of this same "faux bid" tactic on at least two prior occasions in efforts to force the sales of other companies, highlight the fact that Land & Buildings is not a credible potential buyer of ACC. ACC's Board is resolute in its commitment to acting in the best interest of shareholders, and would always consider and respond to a bona fide, actionable proposal from a credible potential counterparty that maximizes value for shareholders. The Company has engaged with Land & Buildings in good faith for more than a year, and had hoped to again avoid the expense and unnecessary distraction of a contested director election by reaching a mutually acceptable resolution. To be clear, however, ACC does not believe it is in the best interests of all other shareholders to appoint Mr. Lorinsky as a director. Accordingly, while the Company and its advisors will continue to engage with Land & Buildings and encourage them to withdraw Mr. Lorinsky's nomination, at this time ACC is preparing for the costly and distracting proxy contest that Land & Buildings initiated. ACC is a strong company, with a uniquely valuable portfolio, talented employees and diversified sources of capital. We have successfully navigated through the disruption of the COVID-19 pandemic and believe we are now poised to benefit from recent initiatives and the positive fundamentals of the student housing operating environment to deliver recession resilient, robust organic growth, meaningful earnings growth and substantial net asset value creation to investors. The Board and management team believe it is an exciting time to own ACC and we are confident in the Company's future prospects. We look forward to continued engagement with our shareholders as we build on our momentum." The company added that its board determined that Corey Lorinsky, Land & Buildings' director nomination, would not be an additive member to the board.
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MRNA | Hot Stocks18:05 EST Moderna adding six countries to commercial network in Europe - Moderna plans to expand its commercial network across six additional countries in Europe. Moderna plans to establish a commercial presence in Belgium, Denmark, Norway, the Netherlands, Poland, and Sweden to support the delivery of mRNA vaccines and therapeutics locally. This follows the recent announcement of plans for four new subsidiaries in Malaysia, Taiwan, Singapore, and Hong Kong. Europe represents an integral part of Moderna's business, with established commercial subsidiaries in Italy, France, Germany, Spain, Switzerland, and the U.K. Moderna Poland will also expand to provide commercial capabilities. The expansion comes as the company continues to scale up the manufacturing and distribution of its COVID-19 vaccine while advancing other mRNA vaccine candidates and therapeutics. The company currently has operations in 12 countries worldwide and has announced plans to establish a commercial presence in another ten countries across Asia-Pacific and Europe in 2022.
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AMZN | Hot Stocks18:04 EST Amazon Web Services announces global expansion of AWS Local Zones - Amazon Web Services announced the completion of its first 16 AWS Local Zones in the U.S. and plans to launch new AWS Local Zones in 32 new metropolitan areas in 26 countries around the world. AWS Local Zones are a type of infrastructure deployment that extends AWS Regions to place compute, storage, database, and other AWS services at the edge of the cloud near large population, industry, and information technology (IT) centers-enabling customers to deploy applications that require single-digit millisecond latency closer to end users or on-premises data centers. AWS Local Zones allow customers to use core AWS services locally while seamlessly connecting to the rest of their workloads running in AWS Regions with the same elasticity, pay-as-you-go model, application programming interfaces (APIs), and toolsets.
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CWH | Hot Stocks17:43 EST Camping World announces cybersecurity incident - The company stated in a regulatory filing, "Camping World Holdings has announced that it is experiencing a cybersecurity incident that resulted in the encryption of certain information technology systems and theft of certain data and information. While this incident has resulted in our inability to temporarily access certain of our IT Systems, at this time there has been no material disruption or impact to our business operations. Our internal information technology team is working with leading cybersecurity forensic experts to conduct a detailed investigation and to contain and assess the overall scope of impact that this incident may have on our IT Systems and information. We are responding to this incident and, although there has been no material disruption or impact to our business operations to date, at this time we cannot determine the extent, if any, of lost revenue, incremental costs, injury to reputation or other material adverse impact that this event may have on our business, operations or financial results."
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OTTW | Hot Stocks17:42 EST Ottawa Bancorp raises quarterly dividend to 11c from 10c per share - The increased quarterly cash dividend will be paid on or about March 16, 2022, to stockholders of record as of the close of business on March 2, 2022.
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NTR | Hot Stocks17:38 EST Nutrien approves share repurchase program - Nutrien approved the purchase of up to 10% of the public float of Nutrien's common shares over a one-year period through a normal course issuer bid or NCIB. Any purchases will commence following the expiration of its current NCIB on February 28 and will be subject to acceptance by the TSX.
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NTR | Hot Stocks17:36 EST Nutrien increases dividend 4% to 48c per share - Nutrien declared a quarterly dividend of 48c per share payable on April 14 to shareholders of record on March 31. This represents a 4% increase from the prior dividend declared on November 1, 2021 and equates to an annualized dividend of $1.92 per share.
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NVDA | Hot Stocks17:28 EST Nvidia CEO says seeing 'exceptional demand' for computing platforms - "We are seeing exceptional demand for NVIDIA computing platforms," said Jensen Huang, founder and CEO of NVIDIA. "NVIDIA is propelling advances in AI, digital biology, climate sciences, gaming, creative design, autonomous vehicles and robotics - some of today's most impactful fields. We are entering the new year with strong momentum across our businesses and excellent traction with our new software business models with NVIDIA AI, NVIDIA Omniverse and NVIDIA DRIVE. GTC is coming. We will announce many new products, applications and partners for NVIDIA computing."
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NVR | Hot Stocks17:20 EST NVR authorizes $500M share repurchase - NVR has authorized the repurchase of $500M of its outstanding common stock. The authorization is a continuation of the stock repurchase program that began in 1994. As of February 15, NVR had 3,378,726 total shares of common stock outstanding.
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DASH | Hot Stocks17:09 EST DoorDash jumps 30% to nearly $124 after Q4 results
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KGC | Hot Stocks17:07 EST Kinross Gold sees 2022 attributable production 2.65 million Au eq. oz. - Kinross Gold sees 2022 attributable production of 2.65 million attributable Au eq. oz., +/- 5%. from its operations, a 28% increase from the company's 2021 production. Kinross' annual production is expected to further increase to 2.8 million attributable Au eq. oz. +/- 5% in 2023. The company expects to produce 2.6 million attributable Au eq. oz. in 2024.
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CAKE | Hot Stocks17:07 EST Cheesecake Factory sees opening 17-19 new restaurants in FY22 - Says operating results would have been in-line with expectations if not for softness in last two weeks of the quarter due to the omicron variant. Says development pipeline for 2022 "remains robust." Says "cognizant" of current environment when it comes to new restaurant openings. Sees opening 17-19 new restaurants in FY22. Says in process of rolling out new Cheesecake Factory menu, including some price increases. Says will continue to monitor inflationary environment. Comments taken from Q4 earnings conference call.
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HFBL | Hot Stocks17:01 EST Home Federal Bancorp announces new stock repurchase program - Home Federal Bancorp announced that its Board of Directors on February 16, approved the company's eleventh stock repurchase program. The new repurchase program provides for the repurchase of up to 170,000 shares, or approximately 5.0% of the company's outstanding common stock from time to time, in open market or privately negotiated transactions. The stock repurchase program does not have an expiration date.
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AEE | Hot Stocks17:01 EST Ameren Missouri to acquire 150-megawatt solar facility - Ameren Missouri, a subsidiary of Ameren Corporation, announced an agreement with Invenergy, a developer, owner and operator of sustainable energy solutions, to acquire a 150-megawatt solar facility project being developed in southeastern Illinois. The deal is subject to closing conditions, including regulatory approvals. "We're entering the next phase of our clean energy transition while continuing to serve our customers with reliable, affordable energy," said Mark Birk, chairman and president of Ameren Missouri. With timely regulatory approvals, the project could begin generating clean energy as soon as 2024.
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WCN | Hot Stocks16:49 EST Waste Connections sees FY22 adjusted free cash flow $1.15B - Sees FY22 CapEx about $850M, including $100M for new landfill gas and resource recovery facilities.
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RMBI | Hot Stocks16:47 EST Richmond Mutual Bancorp raises quarterly dividend to 10c per share from 7c - The dividend will be payable on March 17, 2022 to stockholders of record as of the close of business on March 3, 2022.
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JOE | Hot Stocks16:47 EST Saint Joe Co., Electric Cart announce joint venture for golf cart and LSV sales - Saint Joe Co. and Electric Cart announced a joint venture to bring golf cart and low speed vehicle, or LSV, sales to two of St. Joe's lifestyle shopping centers. Plans call for a sales and service location at Watersound West Bay Center adjacent to the Latitude Margaritaville Watersound community in Panama City Beach, Florida and a sales showroom at Watersound Town Center in Santa Rosa Beach, Florida. An approximately 11,000-square-foot full-service dealership is planned for Watersound West Bay Center offering sales and service of golf carts and LSVs. This lifestyle shopping center is being constructed adjacent to the Latitude Margaritaville Watersound community. This active-adult community, which welcomed its first residents in late 2021, is planned for 3,500 homes with multimodal connectivity to Watersound West Bay Center. At Watersound Town Center, located at the entrance to the master planned Watersound Origins community, plans include a sales showroom. Both locations plan to offer a wide variety of golf carts and LSVs from manufacturers such as Club Car, Evolutions, Garia, GEM, Pilotcar EV, Moke of America, Star EV, Tomberlin and Yamaha, among others. The companies intend to open the Watersound West Bay Center dealership later in 2022 and the Watersound Town Center showroom in 2023.
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MAXN SPWR | Hot Stocks16:44 EST Maxeon Solar announces new supply agreement with SunPower - Maxeon Solar Technologies (MAXN announced a new supply agreement with SunPower (SPWR) governing the supply of Interdigitated Back Contact solar panels from Maxeon to SunPower for use in SunPower's residential channels in the U.S. and Canada. This new supply agreement replaces the previous agreement which had been in place since the spin-out of Maxeon from SunPower in August of 2020. Under the new supply agreement, Maxeon will sell certain volumes of its Maxeon 6 panels to SunPower on an exclusive basis for the residential market through the end of 2022, and, if certain trigger conditions are met, will extend such exclusive supply until October of 2023. Maxeon also will sell certain volumes of its Maxeon 3 panels to SunPower on an exclusive basis for the residential market through the end of 2022. The new supply agreement includes pricing consistent with current market trends.
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RLGY V | Hot Stocks16:42 EST Realogy names Melissa McSherry as COO, effective February 22 - Realogy (RLGY) announced the appointment of Melissa McSherry as COO, effective February 22. Reporting to Realogy President and CEO, Ryan Schneider, McSherry will serve as a member of the company's executive leadership team, driving product, technology, enterprise marketing, and customer experience. Over her nearly 30-year career, McSherry has held senior product, technology, data, and strategy roles at multiple largescale, high-performing organizations, most recently serving as Senior Vice President at Visa (V).
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PANL | Hot Stocks16:42 EST Pangaea Logistics raises quarterly dividend to 5c from 3.5c per share - The dividend is to be paid on March 15, 2022 to all shareholders of record as of March 1, 2022.
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MRIN | Hot Stocks16:41 EST Marin Software announces TikTok integration - Marin Software announced the ability to optimize TikTok ad campaigns through its flagship MarinOne platform. The integration with TikTok's Ad Manager gives advertisers better insights and improves the performance of their TikTok campaigns through machine learning and automation. The self-serve MarinOne platform unifies industry-leading optimization tools and AI bidding with flexible reporting to help advertisers maximize the reach and impact of their TikTok marketing investment.
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SSBK | Hot Stocks16:40 EST Southern States announces $10M share repurchase program - Southern States announced that its board of directors has approved a stock repurchase program that authorizes the company to repurchase up to $10M of its common stock.
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HSY | Hot Stocks16:39 EST Hershey purchases stock from Hershey Trust Company - The Hershey Company announced that it has completed a purchase of 1M shares of its common stock from Hershey Trust Company, as Trustee for the Milton Hershey School Trust, for approximately $203M, or $203.35 per share.
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OEC | Hot Stocks16:39 EST Orion Engineered names Jeffrey Glajch as CFO - Orion Engineered "announced that Jeffrey Glajch has accepted the role of CFO for Orion with a planned joining date of April 18, 2022. Glajch will succeed Bob Hrivnak, who currently serves in the dual role of interim CFO and chief accounting officer. Hrivnak will continue as chief accounting officer."
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SB | Hot Stocks16:38 EST Safe Bulkers says assessing the use of biofuels as alternative fuels - Safe Bulkers announced that in the framework of several environmental initiatives targeting to reduce its carbon footprint, it is assessing the use of biofuels as alternative fuels. A number of pilot projects have been designed to test the operational performance and the interaction of biofuels with the vessel's main engine and diesel generators operations and assess the CO2 emissions reduction. The first pilot project was carried out in M/V Troodos Oak which received 346 metric tonnes of Bio-Fuel blend B20, consisting of 20% Spent Bleaching Earth Oil mixed with conventional Very Low Sulphur Fuel Oil . The project was performed in cooperation with vessel's charterer Cargill, Cargill Marine Fuels and Oilchart as suppliers of the blended bio bunkers, the vessel's classification society Lloyds Register and Cyprus Flag. The trial followed the guidelines of EU's Renewable Energy Directive "RED II" on calculating CO2 emissions. The trials resulted in a 13.54% CO2 equivalent reduction compared to conventional VLSFO. No modification to existing ship equipment was required. No operational abnormalities or wear have been observed in main engine and diesel generators. For the purpose of CO2 emissions reporting schemes, European Union - MRV scheme and International Maritime Organization DCS scheme, the reported CO2 emissions as verified by LR and accepted by Cyprus Flag are by 20% lower compared to the VLSFO. The Company will continue to explore potential use of biofuel blends in its decarbonization alternatives by further expanding the project with its partner Cargill, to include additional vessels and higher biofuel blends, measuring in addition the nitrogen oxide emissions. Dr. Loukas Barmparis, President of the Company, commented: "The successful pilot project that we have completed with Cargill is encouraging for the use of biofuels as alternative fuels. We will continue to assess their use in parallel to other available technologies targeting to optimize our operations and improve our environmental footprint.''
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OLN | Hot Stocks16:38 EST Olin says Freeport, Texas facility experienced mechanical failures - The company stated, "Olin Corporation announced that our Freeport, Texas facility experienced mechanical failures at two of its six power generation units over the past weekend. There were no injuries or environmental events; however, our Freeport site is operating at a reduced level of power generation. We do not anticipate any change to our first quarter 2022 adjusted EBITDA outlook."
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NP | Hot Stocks16:37 EST Neenah sees 'continued robust revenue' in 2022 - In 2022, the company expects: "Continued robust revenue growth driven by increasing volumes in our four growth platforms; Benefits from pricing and other actions to address inflationary pressures across all lines of business; Input costs to remain at elevated levels; year-on-year comparison most acute in first half of 2022; Challenging supply chain and US labor cost and availability environment."
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H | Hot Stocks16:37 EST Hyatt sees FY22 CapEx $215M - Adjusted selling, general, and administrative expenses are expected to be approximately $460 million to $465 million. This includes selling, general, and administrative expenses associated with the acquisition of ALG, of which $25 million to $30 million is related to one-time integration costs in 2022.
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HR | Hot Stocks16:35 EST Healthcare Realty Trust boosts quarterly dividend to31c per share - Healthcare Realty Trust announced its common stock cash dividend in the amount of 31c per share, payable on March 15, 2022 to stockholders of record on February 28, 2022. This dividend amount reflects an increase from $0.3025 per share previously.
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BIOC | Hot Stocks16:35 EST Biocept trading resumes
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HST | Hot Stocks16:34 EST Host Hotels reinstates quarterly cash dividend of 3c per share - The Board of Directors announced a regular quarterly cash dividend of 3c on its common stock. The dividend will be paid on April 15 to stockholders of record on March 31. All future dividends are subject to approval by the Company's board.
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MGY | Hot Stocks16:34 EST Magnolia Oil & Gas sees FY22 D&C capital roughly $350M - "Based on our 2-rig drilling plan for full-year 2022, we estimate our D&C capital to be approximately $350 million which is expected to deliver high single-digit, year-over-year production growth," the company said. "Non-operated capital is expected to be similar to last year's level. Most of the growth is expected to come from our development program at Giddings, with production at the field expected to average about 40 Mboe/d during the year. Within the current product price environment, we would expect that our full-year 2022 D&C spending to be well-below our limit of 55% of EBITDAX. For the first quarter of 2022, we expect our D&C capital to be in the range of $85 to $90 million and total production to be approximately 70 to 72 Mboe/d. Oil price differentials are anticipated to be approximately a $3 per barrel discount to Magellan East Houston and Magnolia remains completely unhedged for all its oil and natural gas production. The fully diluted share count for the first quarter of 2022 is expected to be approximately 228 million shares which is 9 percent lower than first quarter 2021 levels."
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NPO | Hot Stocks16:32 EST EnPro raises quarterly dividend to 28c to 27c per share - The dividend is payable on March 16, 2022 to shareholders of record as of the close of business on March 2, 2022. "The decision to increase our quarterly dividend signals a continuation of our balanced capital allocation strategy, reflecting the durability of our business model and positive long-term outlook," said Eric Vaillancourt, CEO.
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CDE | Hot Stocks16:32 EST Coeur Mining sees FY22 gold production 35K-43K ounces - Sees FY22 silver production 3M-4M ounces. Sees FY22 CapEx $220M-$260M.
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AR | Hot Stocks16:31 EST Antero Resources: Net production to average 3.2-3.3 Bcfe/d in 2022
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AR | Hot Stocks16:29 EST Antero Resources: Production expected to increase throughout the year - Antero's drilling and completion capital budget reflects service cost inflation that is projected in 2022, partially offset by expected savings associated with the transition to regional sand from Antero's local sand mine. The net impact, including the sand savings, is a projected 5% cost increase in 2022 as compared to 2021. In addition, the budget reflects Antero's election to increase its working interest in wells to be drilled by the drilling partnership with QL Capital Partners to 85% in 2022 from 80% in 2021, resulting in approximately $35 to $40 million of incremental capital net to Antero. Production is expected to increase throughout the year in 2022. Volumes in the first half of 2022 are expected to average 3.1 to 3.2 Bcfe/d as a result of the limited drilling and completion activity that occurred at the end of 2021 as well as adverse winter weather that reduced activity during the beginning of the first quarter of 2022. With well completions accelerating in the second quarter as winter weather subsides, combined with the Shell ethane cracker near Pittsburgh that is expected to be placed in service in the second half of 2022, net production is expected to average between 3.3 to 3.4 Bcfe/d during the second half of 2022. In 2023, Antero expects an additional 1% to 2% production growth from the second half of 2022 reflecting its higher working interest election in the drilling partnership during 2022.
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SAM | Hot Stocks16:28 EST Boston Beer Chairman says 'confident' in FY22 volume growth of 4%-10% - "Our broad portfolio of successful brands, all of which grew depletions in the fourth quarter, helped Boston Beer solidify our leadership position in several categories," said Chairman and Founder Jim Koch. "In fact, Twisted Tea was the fastest-growing of the top 25 brands in the fourth quarter with 31% growth in measured channels, and with 8% growth in measured channels in the fourth quarter, Samuel Adams was the fastest-growing national craft brand. Our 27% depletions CAGR over the past three years demonstrates that we have a broad, advantaged portfolio of brands, and our innovation pipeline continues to ensure we can meet consumer taste trends as they evolve. The first major launch of our 2022 innovation pipeline, Truly Margarita, is generating tremendous results and already has a 5.3% market share of hard seltzer with limited distribution thus far. With three innovations for 2022 announced today - Truly Vodka, the limited summer offering Truly Poolside, and an exciting new collaboration between Dogfish Head and Patagonia to launch an environmentally conscious pilsner - we remain confident that we can grow full-year volume between 4% and 10% in 2022, as our inventory levels continue to recover."
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AR | Hot Stocks16:28 EST Antero Resources board authorizes $1B share repurchase program - Antero is initially targeting a return of capital of 25% to 50% of Free Cash Flow annually going forward, beginning with the implementation of the share repurchase program. Antero's Board of Directors authorized a share repurchase program that allows the company to repurchase up to $1.0 billion of outstanding common stock. This represents approximately 16% of Antero's market capitalization based on the current share price. The open market share repurchase program is expected to commence during the first quarter of 2022.
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NVDA | Hot Stocks16:26 EST Nvidia cites regulatory challenges for termination of Arm acquisition - The company said, "On February 8, 2022, NVIDIA and SoftBank Group Corp. (SoftBank) announced the termination of the Share Purchase Agreement whereby NVIDIA would have acquired Arm Limited from SoftBank. The parties agreed to terminate because of significant regulatory challenges preventing the consummation of the transaction. NVIDIA intends to record in operating expenses a $1.36 billion charge (the Arm Write-off) in the first quarter of fiscal 2023 reflecting the write-off of the prepayment provided at signing in September 2020."
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PEBO | Hot Stocks16:25 EST Peoples Bank to acquire Vantage Financial for $54M - Peoples Bancorp announced that its wholly owned subsidiary, Peoples Bank, has entered into a definitive agreement to acquire Vantage Financial, a nationwide provider of equipment financing headquartered in Excelsior, Minnesota. Under the terms of the agreement, Peoples Bank will purchase 100% of the equity of Vantage for total cash consideration of $54M. Peoples Bank will also repay approximately $21M in recourse debt on behalf of Vantage. Vantage offers mid-ticket equipment leases primarily for business essential information technology equipment across a wide-array of industries and had lease assets of approximately $147M as of December 31, 2021. Upon completion of the transaction, Vantage will become a subsidiary of Peoples Bank. The substantial majority of Vantage's current leadership and associates are expected to continue in their positions, led by Vantage co-founder and CEO, William Foudray. Vantage co-founder and Chairman, Bob Murphy, plans to retire in March 2022 and will not be remaining with the company. As a subsidiary, Vantage will continue to operate under the name Vantage Financial, which will leverage Vantage's strong brand recognition within the equipment finance industry. The closing of the transaction is subject to customary closing conditions and is expected to occur in March 2022. As a result of funding synergies, the transaction is expected to be 3% accretive to Peoples' earnings per share in 2022 and over 6% accretive to 2023 earnings per share. In addition, the transaction will result in approximately 8% tangible book value dilution with a projected earn-back of less than four years.
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FSR | Hot Stocks16:25 EST Fisker sees FY22 CapEx $280M-$290M - Sees FY22 total opex $435M-$500M.
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PLMR | Hot Stocks16:25 EST Palomar sees FY22 adjusted net income $80M-$85M
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CHDN | Hot Stocks16:25 EST Churchill Downs names Nate Simon CTO - Churchill Down announced that Nate Simon has been named Senior Vice President and Chief Technology Officer of the Company. In this role, he will be responsible for providing strategic technology leadership and services. Simon replaces Ben Murr who was promoted to President of TwinSpires and Online Gaming in January.
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IFF | Hot Stocks16:24 EST IFF to acquire Health Wright Products - IFF announced that it has entered into an agreement to acquire Health Wright Products, LLC, a leader in formulation and capsule manufacturing for the dietary supplement industry. The acquisition will bring formulation and finished format capabilities to IFF's Health & Biosciences probiotics, natural extracts and botanicals businesses, allowing for innovation in custom formulation and combination products through joint capabilities. The sale is expected to close in the first quarter of 2022, subject to customary closing conditions, and regulatory clearances. Financial terms of the deal have not been disclosed.
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BXP | Hot Stocks16:23 EST Boston Properties says construction resumes on Platform 16 Project in San Jose - Boston Properties announced that construction has resumed on the first phase of the Platform 16 development project in San Jose. The first phase of the development will include the construction of an approximately 390,000 square foot Class A creative office building, which is expected to be ready for client fit-out in late 2024, and a below-grade parking garage. BXP owns a 55% interest in, and provides development, property management, and leasing services to the joint venture that owns Platform 16. Canada Pension Plan Investment Board owns the remaining 45% interest. Platform 16 is a fully entitled, 1.1 million square foot Class A, creative office campus located in downtown San Jose on an approximately 5.6 acre site. The development is adjacent to Google's planned eight million square foot Downtown West and Diridon Station, a major Bay Area transportation hub. Designed by Kohn Pederson Fox, the urban campus will include three buildings, 16 private outdoor terraces with unobstructed views of the city, two pedestrian plazas for social gatherings and corporate events, and onsite amenities, including a large fitness and wellness center and a cafe. The development will have immediate access to the adjacent Guadalupe River Park, as well as various retail and restaurant amenities. "We are thrilled to have recommenced construction at Platform 16," said Bob Pester, Executive Vice President, San Francisco Region, BXP. "The larger South Bay community, and San Jose specifically, continues to see demand for high-quality, creative workspaces outpace supply. Platform 16 combines an ideal location with the design and amenities that today's most innovative firms are seeking to recruit, retain, and motivate their workforces."
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MRO | Hot Stocks16:20 EST Marathon Oil sees FY22 capital budget $1.2B - Expected free cash flow of greater than$3B with a less than30% reinvestment rate at $80/bbl WTI and $4.00/MMBtu Henry Hub. Expected flat total company oil and oil-equivalent production vs. 2021 averages.
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CAKE | Hot Stocks16:20 EST Cheesecake Factory: Q1-to-date comp sales up 24.3% y/y
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PXD | Hot Stocks16:15 EST Pioneer Natural sees FY22 capital budget $3.3B-$3.6B - During 2022, the Company plans to operate an average of 22 to 24 horizontal drilling rigs in the Midland Basin, including a three-rig average program in the southern Midland Basin joint venture area. The 2022 capital program is expected to place 475 to 505 wells on production. Pioneer expects 2022 oil production of 350 to 365 thousand barrels of oil per day (MBOPD) and total production of 623 to 648 thousand barrels of oil equivalent per day (MBOEPD).
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PXD | Hot Stocks16:15 EST Pioneer Natural sees Q1 oil production 348-363 MBOPD - First quarter 2022 oil production is forecasted to average between 348 to 363 MBOPD and total production is expected to average between 620 to 645 MBOEPD. Production costs are expected to average $9.25 per BOE to $10.75 per BOE. DD&A expense is expected to average $10.50 per BOE to $12.00 per BOE. Total exploration and abandonment expense is forecasted to be $10 million to $20 million. G&A expense is expected to be $68 million to $78 million. Interest expense is expected to be $36 million to $41 million. Other expense is forecasted to be $15 million to $30 million. Accretion of discount on asset retirement obligations is expected to be $2 million to $5 million. The cash flow impact related to purchases and sales of oil and gas, including firm transportation, is expected to be a loss of $25 million to $55 million, based on forward oil price estimates for the quarter. The Company's effective income tax rate is expected to be between 22% to 27%, with cash taxes expected to be $10 million to $20 million, principally representing estimated state taxes.
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CSCO | Hot Stocks16:13 EST Cisco raises dividend 3%, announces additional $15B share buyback program - Cisco has declared a quarterly dividend of 38c per common share, a 1c increase or up 3% over the previous quarter's dividend, to be paid on April 27 to all stockholders of record as of the close of business on April 6. Future dividends will be subject to Board approval. Cisco's board of directors has also approved a $15B increase to the authorization of the stock repurchase program. There is no fixed termination date for the repurchase program. The remaining authorized amount for stock repurchases including the additional authorization is approximately $18B. "Our business performed well with revenue and non-GAAP EPS growing 6% year over year despite the supply-constrained environment," said Scott Herren, CFO of Cisco. "We delivered healthy margins while continuing to make good progress in our business model shift, with software product revenue growing 9% year over year and the product portions of ARR and RPO growing in double digits. The combination of our dividend increase and additional share repurchase authorization demonstrates our commitment to returning excess capital to our shareholders and confidence in our ongoing cash flows."
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ATUS | Hot Stocks16:11 EST Altice USA announces acceleration in fiber deployment strategy - Altice USA announces an acceleration of its fiber deployment strategy over the next four years across its Optimum and Suddenlink footprint, expecting to reach 6.5 million passings by the end of 2025. "This new fiber expansion in Suddenlink coupled with the continued fiber build in Optimum will position the Company to pass more than two thirds of its entire footprint with 100% fiber broadband over the next four years, including approximately 2.5 million fiber passings at Suddenlink and 4 million fiber passings at Optimum. Altice USA has been building a fiber broadband network in its Optimum territory in the New York tri-state area with 1.2 million fiber passings available for sales as of December 31, 2021. For Suddenlink, construction is expected to begin this year in areas of Texas. Additional states in the Suddenlink footprint that will benefit from this fiber expansion plan include areas of Arizona, California, Louisiana, Missouri, North Carolina, New Mexico, Oklahoma, and West Virginia," the company said. "Altice USA is proud to announce plans to invest further in our fiber deployment strategy by accelerating the build of a 100% fiber broadband network capable of delivering multi-gig speeds across our Optimum and Suddenlink footprint. Fiber is the future and given the progress we have made at Optimum with our fiber expansion, we're excited to build on that success and break ground later this year at Suddenlink to bring our advanced network to more customers and communities," added CEO Dexter Goei.
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OM | Hot Stocks16:11 EST Outset Medical names president and CEO Leslie Trigg as board chair - Former Chairman D. Keith Grossman continues to serve on the board and has been appointed Lead Independent Director
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AMLX | Hot Stocks16:10 EST Amylyx says FDA panel to review NDA for AMX0035 - Amylyx Pharmaceuticals, Inc. announced that a virtual meeting of the U.S. Food and Drug Administration's Peripheral and Central Nervous System Drugs Advisory Committee to review the New Drug Application for AMX0035 has been scheduled for March 30, 2022. AMX0035 is an investigational therapy for the treatment of amyotrophic lateral sclerosis. As previously reported, the U.S. FDA has granted Priority Review and assigned a Prescription Drug User Fee Act date for AMX0035 of June 29, 2022. "There are few treatments approved for ALS, a devastating disease that impacts a person's ability to move, speak, eat and breathe," said Lahar Mehta, M.D., Head of Global Clinical Development of Amylyx. "We look forward to a robust scientific discussion with the members of the advisory committee panel regarding the clinical data submitted to support our New Drug Application for AMX0035."
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ATUS | Hot Stocks16:09 EST Altice USA accelerates fiber deployment strategy - Altice USA "announces an acceleration of its fiber deployment strategy over the next four years across its Optimum and Suddenlink footprint, expecting to reach 6.5 million passings by the end of 2025. This new fiber expansion in Suddenlink coupled with the continued fiber build in Optimum will position the Company to pass more than two thirds of its entire footprint with 100% fiber broadband over the next four years, including approximately 2.5 million fiber passings at Suddenlink and 4 million fiber passings at Optimum."
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DASH | Hot Stocks16:09 EST DoorDash sees FY22 marketplace GOV $48B-$50B, adjusted EBITDA $0-$500M
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ESTC | Hot Stocks16:09 EST Elastic, Amazon reach agreement on trademark infringement lawsuit - Elastic (ESTC) announced it has resolved its dispute with Amazon (AMZN) in the trademark infringement lawsuit related to the term "Elasticsearch." Following this resolution, Amazon has begun removing the term Elasticsearch from various pages on its website as well as from its service names and related project names. Elastic initiated a lawsuit against Amazon for trademark infringement, because their use of Elasticsearch in their service name and related project names was creating confusion in the market. Earlier this year, Elastic changed the license of Elasticsearch and Kibana as another important step to help provide clarity to Elastic's community and customers. "Today, thanks to all of our actions, we are pleased to announce that Elastic and Amazon have reached a mutually-agreeable resolution of the trademark infringement lawsuit. We view this as a significant step in removing the confusion in the marketplace because there is only one Elasticsearch, and it's only from Elastic," said Shay Banon, founder, and Chief Technology Officer, Elastic.
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CSCO | Hot Stocks16:09 EST Cisco raises dividend 3%, announces additional $15B share buyback program
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DASH | Hot Stocks16:08 EST DoorDash sees Q1 Marketplace GOV $11.4B-$11.8B, adjusted EBITDA $0M-$50M
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BIOC | Hot Stocks16:08 EST Biocept names Riccitelli interim CEO, Morales interim CFO - Biocept announced the appointments of Samuel D. Riccitelli as Interim President and Chief Executive Officer, succeeding Michael W. Nall, and Antonino Morales as Interim Chief Financial Officer, succeeding Timothy C. Kennedy. Biocept also named M. Faye Wilson as Lead Independent Director of the company's Board of Directors. Mr. Riccitelli remains Chair of the Board. "I am grateful and excited to see Sam and Antonino stepping into their interim roles at a time when Biocept is fulfilling such an important mission for our current COVID-19 testing clients and I am even more excited about what their leadership will mean to malignant tumor patients as we pursue the clinical validation of the CNSide assay in identifying metastatic cancer originating from all solid tumors," said M. Faye Wilson, Lead Independent Director of Biocept.
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CSX | Hot Stocks16:05 EST CSX increases quarterly dividend 7% to 10c per share - CSX announced that the company's board of directors has authorized a 7% increase in its quarterly dividend, from 9.3c per share to 10c per share. The new quarterly dividend is payable on March 15 to shareholders of record at the close of business on February 28.
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CCS | Hot Stocks16:05 EST Century Communities raises quarterly dividend by 33% to 20c per share - The dividend is payable on March 16, 2022 to stockholders of record as of the close of business on March 2, 2022.
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BIOC | Hot Stocks16:00 EST Biocept trading halted, news pending
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ATGE | Hot Stocks15:49 EST Education Department approves $415M in borrower defense claims - Nearly 16,000 borrowers will receive $415M in borrower defense to repayment discharges following the approval of four new findings and the continued review of claims, the Education Department announced. "This includes approximately 1,800 former DeVry University students who will receive approximately $71.7 million in full borrower defense discharges after the U.S. Department of Education determined that the institution made widespread substantial misrepresentations about its job placement rates... During this period of misrepresentation, DeVry was a publicly traded company owned by DeVry Education Group Inc., which was later renamed Adtalem Global Education. Senior leaders at DeVry during this time included Daniel Hamburger, who served as President and CEO from 2002 through 2016 and David Pauldine, who served as the executive vice president and/or president of DeVry University from 2005 through 2014. Adtalem sold DeVry in 2018," the Department stated. Reference Link
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PCAR | Hot Stocks15:28 EST Paccar announces 'largest Kenworth EV order to date' - Kenworth Truck Company, a PACCAR company, announced that Jack Khudikyan, owner of AJR Trucking and MDB Transportation, has ordered 15 Kenworth T680E and 10 Kenworth K270E battery electric vehicles from Inland Kenworth - Montebello. "It marks the largest Kenworth battery electric vehicle order placed to date. AJR Trucking is a leading United States Postal Service contract carrier based in Los Angeles, and MDB Transportation provides transportation services including dedicated, port and rail, LTL and full truckload. According to Khudikyan, this order is a major step forward for both companies to significantly reduce its emissions," the company stated.
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BYD... | Hot Stocks15:27 EST New Jersey reports January gaming revenue up 10.3% to $381.7M - Based upon filings with the Division of Gaming Enforcement, total casino win for the nine casino hotel properties was $183.6M for January, reflecting growth of 14.8% compared to $160M for January 2021. For the month of January, internet gaming win reported by casinos and their partners was $137.8M, reflecting growth of 32.8% compared to $103.8M for the prior period. Sports wagering gross revenue reported by casinos, racetracks, and their partners was $60.2M for the month, reflecting a 26.9% decline when compared to $82.4M for the prior period. Total gaming revenue reported by casinos, racetracks, and their partners was $381.7M for January, reflecting a 10.3% increase from $346.2M reported in January 2021. Publicly traded companies in the space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (PDYPY), Gan Limited (GAN), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN), William Hill (WIMHY) and Wynn Resorts (WYNN). Reference Link
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DJCO COST | Hot Stocks15:15 EST Daily Journal's Munger says 'not buying Costco, but not selling any neither' - "Even an admirable place like Costco could get to a price where you would say it is too high. But I would argue that if I were investing money for some sovereign wealth fund or some pension fund, I would buy Costco at current price. I think it is that strong in enterprise and that admirable of a place... I never even think about selling a share of Costco just because it is selling at a higher price... Costco is going to be an absolute titan on the internet, with curated products that everybody trusts and huge purchasing products power. I'm not saying I'm buying Costco at this price but I'm not selling any neither," Charlie Munger, Daily Journal Chairman, said at the Daily Journal annual shareholders meeting.
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ZEN | Hot Stocks14:19 EST Zendesk says to 'carefully review and evaluate' Jana director nominees - Zendesk issued the following statement confirming receipt of JANA Partners' notice of its intention to nominate four directors to the Zendesk board of directors at the company's 2022 annual meeting of stockholders, which has not yet been scheduled: "We have always and will continue to welcome input from all shareholders, and in keeping with our long-held practice of maintaining a high caliber board with exceptionally qualified directors, our Nominating and Corporate Governance Committee will carefully review and evaluate these nominees. The Zendesk Board has been built by balancing the benefits of tenure and experience with the need for fresh ideas and perspectives and with a consistent view toward diversity of thought, experience and perspectives. As the Board considers its nominees in connection with the 2022 Annual Meeting, it will remain committed to these principles of independence, diversity, shareholder perspective and relevant expertise."
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GILD | Hot Stocks13:57 EST Gilead reports one-year data from CAPELLA and CALIBRATE trials of lenacapavir - Gilead Sciences announced new one-year results from the ongoing Phase 2/3 CAPELLA trial evaluating lenacapavir, the company's investigational, long-acting HIV-1 capsid inhibitor, in heavily treatment-experienced people living with multi-drug resistant HIV. "The findings demonstrated that lenacapavir, administered subcutaneously every six months in combination with other antiretrovirals, achieved high rates of virologic suppression and clinically meaningful increases in CD4 counts in people living with HIV whose virus was no longer effectively responding to their current therapy. In this patient population with high unmet medical need, 83% of participants receiving lenacapavir in combination with an optimized background regimen achieved an undetectable viral load at Week 52. The data were presented at the 29th Conference on Retroviruses and Opportunistic Infections," the company stated. In addition to high rates of viral suppression, participants in CAPELLA achieved a mean increase in CD4 count of 83 cells/microL. Data previously presented at virtual CROI 2021, showed that the CAPELLA trial achieved its primary endpoint by demonstrating that a significantly higher proportion of participants randomly allocated to receive lenacapavir achieved a clinically meaningful viral load reduction of at least 0.5 log10 copies/mL from baseline compared with those randomly allocated to receive placebo during the 14-day functional monotherapy period. Those who received lenacapavir achieved a statistically significant greater mean decrease in viral load than those who received placebo during the functional monotherapy period, the company said.
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CNI... | Hot Stocks13:39 EST North American rail traffic up 4.3% in week ended February 12 - The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending February 12. For this week, total U.S. weekly rail traffic was 504,482 carloads and intermodal units, up 5% compared with the same week last year. Total carloads for the week ending February 12 were 236,457 carloads, up 11.9% compared with the same week in 2021, while U.S. weekly intermodal volume was 268,025 containers and trailers, down 0.4% compared to 2021. North American rail volume for the week ending February 12, on 12 reporting U.S., Canadian and Mexican railroads totaled 329,598 carloads, up 9.3% compared with the same week last year, and 350,974 intermodal units, down 0.1% compared with last year. Total combined weekly rail traffic in North America was 680,572 carloads and intermodal units, up 4.3%. North American rail volume for the first six weeks of 2022 was 3,879,720 carloads and intermodal units, down 7.8% compared with 2021. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC), Union Pacific (UNP), Greenbrier (GBX), Trinity Industries (TRN), FreightCar America (RAIL) and Wabtec (WAB). Reference Link
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RBLX | Hot Stocks13:34 EST Roblox down 27% in afternoon trading following earnings
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SHW | Hot Stocks12:40 EST Sherwin-Williams raises quarterly dividend to 60c from 55c - Sherwin-Williams announced a regular quarterly dividend of 60c per common share, an increase of 9% over the 55c paid in the same quarter in 2021. This is payable on March 11, to shareholders of record on February 28.
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TTD... | Hot Stocks12:33 EST Trade Desk CEO: Momentum going to get better after today's Google news
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MSFT | Hot Stocks12:31 EST Microsoft pulls AltspaceVR's social hubs amid safety, moderation push - Microsoft said in a blog post that it is removing all social hubs hosted in AltspaceVR, including the Campfire, News and Entertainment Commons. "As platforms like AltspaceVR evolve, it is important that we look at existing experiences and evaluate whether they're adequately serving the needs of customers today and in the future," said Altspace's Alex Kipman. "This includes helping people better connect with those who have shared common interests while also ensuring the spaces they access are safe from inappropriate behavior and harassment." Microsoft added that the Existing Safety Bubble feature will now be turned on by default and that new attendees joining Events will be automatically muted. "In addition to these immediate changes, in the coming weeks we will improve content rating for Events and increase moderation on the platform," Kipman added. "We will also require all users to log-in to AltspaceVR using a Microsoft Account (MSA or AAD). Just as we do for Xbox, Windows, and other Microsoft services, we will integrate MSA accounts with Microsoft Family Safety, allowing parents to approve or limit access to AltspaceVR for 13+ family members who download AltspaceVR from the Microsoft Store. We will communicate the exact timing and how parents can implement these changes in the months ahead."Reference Link
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PRGO | Hot Stocks12:31 EST Perrigo raises quarterly dividend 7% to 26c per share - Perrigo Company announced that its Board of Directors approved a 7% increase in the Company's quarterly dividend to 26c per share, or $1.04 per share on an annual basis, from 24c per share. This dividend increase marks the 19th consecutive year Perrigo has increased its dividend.
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TTD... | Hot Stocks12:19 EST Trade Desk sees 'good chance' of positive impact from Google announcement - Trade Desk (TTD) CEO Jeffrey Green says he is "incredibly encouraged" by the way Google's announcement is rolling out and that he thinks there is a "good chance" of it having a positive impact on the business. Green added that "this move by Google is not a surprise." Google will stop cross-app tracking on Android phones, following a similar move by Apple (AAPL), according to The Wall Street Journal. Comments taken from Trade Desk's Q4 earnings conference call.
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FB | Hot Stocks12:06 EST Meta Platforms names Nick Clegg as President, Global Affairs - Meta CEO Mark Zuckerberg said in a Facebook post: "I've asked Nick Clegg to take on a new position as President, Global Affairs. For the last three years, Nick has managed some of the most complex issues our company faces -- including content policy, elections, the establishment of the Oversight Board, and more. Nick will now lead our company on all our policy matters, including how we interact with governments as they consider adopting new policies and regulations, as well as how we make the case publicly for our products and our work. Given the expanded scope of this new role, he will now report directly to me as well as Sheryl. As Nick takes on this new leadership role, it will enable me to focus more of my energy on leading the company as we build new products for the future, and it will support Sheryl as she continues to focus on the success of our business. The work we do at Meta matters to a lot of people around the world. We're at the center of a lot of debates about technology and society. I can't think of anyone better placed to represent us and help shape the future of internet policy than Nick. I hope you'll join me in congratulating him on this new role." Reference Link
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PFE BNTX | Hot Stocks12:04 EST UK to offer Pfizer COVID-19 vaccines for five- to 11-year-olds - United Kingdom Health and Social Care Secretary Sajid Javid issued the following statement on the vaccination of five- to 11-year-olds following updated advice from the Joint Committee on Vaccination and Immunisation: "I have accepted the advice from the independent Joint Committee on Vaccination and Immunisation to make a non-urgent offer of COVID-19 vaccines to all children aged five to 11 in England. The NHS is already offering vaccines to at-risk children and those who live with immunosuppressed people in this age group. The JCVI advice follows a thorough review by our independent medicines regulator, the MHRA, which approved Pfizer's paediatric vaccine as safe and effective for children aged five to 11. Children without underlying health conditions are at low risk of serious illness from COVID-19 and the priority remains for the NHS to offer vaccines and boosters to adults and vulnerable young people, as well as to catch-up with other childhood immunisation programmes. The NHS will prepare to extend this non-urgent offer to all children during April so parents can, if they want, take up the offer to increase protection against potential future waves of COVID-19 as we learn to live with this virus." Reference Link
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TOST | Hot Stocks12:01 EST Toast falls -18.5% - Toast is down -18.5%, or -$5.20 to $22.92.
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SQSP | Hot Stocks12:01 EST Squarespace falls -19.7% - Squarespace is down -19.7%, or -$6.77 to $27.54.
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RBLX | Hot Stocks12:01 EST Roblox falls -24.7% - Roblox is down -24.7%, or -$18.08 to $55.22.
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FLNG | Hot Stocks12:00 EST Flex LNG rises 11.2% - Flex LNG is up 11.2%, or $2.25 to $22.38.
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MYTE | Hot Stocks12:00 EST Mytheresa rises 12.6% - Mytheresa is up 12.6%, or $1.78 to $15.95.
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GNRC | Hot Stocks12:00 EST Generac rises 13.1% - Generac is up 13.1%, or $36.12 to $312.82.
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PXXLF | Hot Stocks11:48 EST Poxel reports revenues of EUR 13.4M for year ended December 31, 2021 - As of December 31, 2021, cash and cash equivalents were EUR 32.3M, or $36.6M, the company said. "2021 has been another productive year for Poxel. We supported our partner Sumitomo Dainippon Pharma, a leading company in the diabetes field in Japan, across all steps that led to the Japanese approval of TWYMEEG in June followed by its launch in September. Sumitomo has a track record of success and we look forward to their further activities in Japan and other territories to maximize TWYMEEG's commercial performance," said Thomas Kuhn, CEO of Poxel.
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PXXLF | Hot Stocks11:47 EST Poxel announces PXL065 granted FDA fast track designation for AMN - POXEL SA announced that the U.S. FDA has granted Fast Track Designation to PXL065 for the treatment of patients with adrenomyeloneuropathy, or AMN, the most common form of X-linked adrenoleukodystrophy. PXL065 is a novel, proprietary deuterium-stabilized R-stereoisomer of pioglitazone that is preparing to enter into a Phase 2a clinical Proof-of-Conceptbiomarker study midyear. Poxel CEO, Thomas Kuhn, commented: "By awarding Fast Track Designation to PXL065, the FDA recognizes the drug's potential to address a significant unmet medical need for patients with ALD, where no approved therapies currently exist. This is a very powerful acknowledgement and good news for patients waiting to be treated. Fast Track Designation confers multiple benefits that are of great value and have the potential to substantially accelerate the approval timeline for PXL065 in ALD. We look forward to working closely with the FDA as we prepare to embark on our Phase 2a clinical study for PXL065 now planned to begin midyear, followed by results in early 2023." The Phase 2a clinical POC biomarker study for PXL065 in X-linked ALD is anticipated to begin midyear, followed by results in early 2023.
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NTDOY | Hot Stocks11:47 EST Nintendo to discontinue Wii U, 3DS eShop purchases as of late March 2023 - Nintendo said that, as of late March 2023, it will no longer be possible to make purchases in Nintendo eShop for the Wii U system and the Nintendo 3DS family of systems. It will also no longer be possible to download free content, including game demos. Furthermore, as this date draws closer, related services will cease to function: As of May 23, 2022, it will no longer be possible to use a credit card to add funds to an account in Nintendo eShop on Wii U or the Nintendo 3DS family of systems. As of August 29, 2022, it will no longer be possible to use a Nintendo eShop Card to add funds to an account in Nintendo eShop on Wii U or the Nintendo 3DS family of systems. However, it will still be possible to redeem download codes until late March 2023.
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EXROF | Hot Stocks11:16 EST Exro Technologies files defamation lawsuit against ePropelled Inc. - Exro Technologies announced that it has filed a defamation lawsuit against ePropelled Inc. on February 15, 2022, in Middlesex County Superior Court in the Commonwealth of Massachusetts. The company said, "This litigation concerns the bad faith tactics of ePropelled in publishing a demonstrably untrue and defamatory statement about Exro in a press release issued on January 24, 2022.: "Exro stands with conviction against the false claims made in the defamatory press release issued by ePropelled last month," said Exro CEO Sue Ozdemir. "It is our responsibility to uphold the reputation of Exro and its technology while protecting our shareholders. We are pursuing this lawsuit to hold ePropelled accountable for its tortious conduct."
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GOOG... | Hot Stocks11:07 EST Google announces 'Privacy Sandbox on Android' - Anthony Chavez, VP, Product Management, Android Security & Privacy, announced in a blog post: "Today, we're announcing a multi-year initiative to build the Privacy Sandbox on Android, with the goal of introducing new, more private advertising solutions. Specifically, these solutions will limit sharing of user data with third parties and operate without cross-app identifiers, including advertising ID. We're also exploring technologies that reduce the potential for covert data collection, including safer ways for apps to integrate with advertising SDKs. The Privacy Sandbox on Android builds on our existing efforts on the web, providing a clear path forward to improve user privacy without putting access to free content and services at risk... We realize that other platforms have taken a different approach to ads privacy, bluntly restricting existing technologies used by developers and advertisers. We believe that - without first providing a privacy-preserving alternative path - such approaches can be ineffective and lead to worse outcomes for user privacy and developer businesses. Our goal with the Privacy Sandbox on Android is to develop effective and privacy enhancing advertising solutions, where users know their information is protected, and developers and businesses have the tools to succeed on mobile. While we design, build and test these new solutions, we plan to support existing ads platform features for at least two years, and we intend to provide substantial notice ahead of any future changes." Shares of a number of advertising technology, or "adtech," companies are under pressure this morning after Google (GOOGL) announced its plans to curtail cross-app tracking on Android phones. Reference Link
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DIS | Hot Stocks11:03 EST Disney introduces Storyliving by Disney, to develop residential communities - Heather Hunter, Public Relations Director for Disney Signature Experiences, said in a blog post that "As more fans look for new ways to make Disney a bigger part of their lives, today we are announcing plans to introduce Storyliving by Disney, vibrant new neighborhoods that are infused with our special brand of magic. Each community will feature distinctively designed spaces, unique amenities and Disney's brand of world-renowned service. These master-planned, new home communities are intended to inspire residents to foster new friendships, pursue their interests and write the next exciting chapter in their lives -all while enjoying the attention to detail and special touches that are Disney hallmarks. And where will the first one be? None other than a place that has known the footsteps of Walt Disney himself! Cotino, a Storyliving by Disney community, will be built in the heart of the Coachella Valley in Rancho Mirage, Calif." Reference Link
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IHRT | Hot Stocks11:02 EST iHeartMedia partners with Sounder to launch safety tools - iHeartMedia announced a partnership with Sounder, an audio intelligence platform that builds podcasting technology to drive monetization, brand safety and discoverability for audio content. iHeartMedia will leverage Sounder's Audio Data Cloud to provide both established and emerging podcast creators the best AI and Machine Learning tools to help them gain critical, real-time insights to accelerate growth and improve monetization. In addition to this commercial partnership, iHeartMedia has also announced a strategic investment in Sounder, as lead investor in the company's Series A round.
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OBAS | Hot Stocks10:56 EST Optibase confirms receipt of unsolicited tender offer - Optibase confirmed that it has received notice that The Capri Family Foundation, a foundation organized under the laws of the Republic of Panama and ShlomoWyler have commended an unsolicited tender offer to purchase 941,942 outstanding ordinary shares, nominal value NIS 0.65 per share, of Optibase, not already owned by the Bidder group, at $11.60 per Share, net to the seller in cash, less any applicable withholding taxes, and without interest. The tender offer follows a prior similar offer, commenced by the Bidder on December 1, 2021, to purchase Company Shares at $11.20. The prior offer expired by its terms on December 30, 2021. The minimum condition was not met in the prior offer and all tendered shares were returned.
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ALKT | Hot Stocks10:36 EST Texans Credit Union to implement Alkami Platform for digital banking experience - Alkami Technology announced that Texans Credit Union is implementing the Alkami Platform "to create a robust, unique and personalized digital banking experience for its members."
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LXEH | Hot Stocks10:28 EST Lixiang Education Holding Company Ltd (ADS) trading resumes
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TTD... | Hot Stocks10:24 EST Adtech names drop as Google plans to stop cross-app tracking on Android phones - Shares of adtech companies fell on Wednesday morning on a report Google (GOOGL) will stop cross-app tracking on Android phones, following a similar move by Apple (AAPL). "We don't think there should be a forced choice between privacy and developers building their business," Anthony Chavez, VP of product management for Android security and privacy, told The Wall Street Journal. Google has not yet provided details about its plans for how its new systems would work, though it plans to keep supporting current smartphone identifiers for at least the next two years and to give the industry substantial notice before any changes. Following the report, Oppenheimer analyst Timothy Horan said the "initial reaction is gut-wrenching caution for all adtech names." Publicly traded companies in the adtech space trading lower following the report include Trade Desk (TTD), Magnite (MGNI) and Digital Turbine (APPS).
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LXEH | Hot Stocks10:23 EST Lixiang Education Holding Company Ltd (ADS) trading halted, volatility trading pause
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IMTE | Hot Stocks10:15 EST Intergrated Media Technology Ltd trading resumes
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IMTE | Hot Stocks10:10 EST Intergrated Media Technology Ltd trading halted, volatility trading pause
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BAESY | Hot Stocks10:02 EST BAE Systems selected by SEPTA to supply up to 340 bus electric drive systems - BAE Systems announced that it has been selected by the Southeastern Pennsylvania Transportation Authority, or SEPTA, to supply up to 340 electric drive systems for its new fleet of low emission transit buses. BAE Systems will provide 220 electric drive systems to New Flyer of America Inc., with an option for 120 additional systems, over the next three years, the company said. "Incorporating the company's latest technology for future zero-emission platforms, the Series-ER systems will deliver significant emission reductions and fuel savings across the fleet," the company added. The production and service support for the Series-ER systems will be conducted at the company's facility in Endicott, N.Y.
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TOST | Hot Stocks10:00 EST Toast falls -18.3% - Toast is down -18.3%, or -$5.16 to $22.96.
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CLW | Hot Stocks10:00 EST Clearwater Paper falls -22.1% - Clearwater Paper is down -22.1%, or -$7.34 to $25.83.
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RBLX | Hot Stocks10:00 EST Roblox falls -22.2% - Roblox is down -22.2%, or -$16.25 to $57.05.
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FLNG | Hot Stocks10:00 EST Flex LNG rises 9.1% - Flex LNG is up 9.1%, or $1.84 to $21.97.
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CRGY | Hot Stocks10:00 EST Crescent Energy rises 9.2% - Crescent Energy is up 9.2%, or $1.25 to $14.84.
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AYX | Hot Stocks10:00 EST Alteryx rises 12.4% - Alteryx is up 12.4%, or $6.48 to $58.67.
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BA | Hot Stocks09:58 EST Western Global Airlines purchases two Boeing 777 Freighters - Boeing and Western Global Airlines announced a firm order for two 777 Freighters, the first new-production freighters for the all-Boeing cargo operator based in Estero, Fla. The order was finalized in January 2022 and is currently listed as unidentified in Boeing's order backlog. The agreement also includes an additional purchase option.
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AVTE | Hot Stocks09:47 EST Aerovate Therapeutics Inc trading resumes
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MDV | Hot Stocks09:47 EST Modiv falls -18.9% - Modiv is down -18.9%, or -$5.85 to $25.15.
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TOST | Hot Stocks09:47 EST Toast falls -19.6% - Toast is down -19.6%, or -$5.50 to $22.62.
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RBLX | Hot Stocks09:47 EST Roblox falls -20.8% - Roblox is down -20.8%, or -$15.23 to $58.07.
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MRC | Hot Stocks09:47 EST MRC Global rises 7.6% - MRC Global is up 7.6%, or 60c to $8.47.
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APTS | Hot Stocks09:47 EST Preferred Apartment rises 8.0% - Preferred Apartment is up 8.0%, or $1.87 to $25.15.
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AYX | Hot Stocks09:47 EST Alteryx rises 8.7% - Alteryx is up 8.7%, or $4.55 to $56.74.
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AVTE | Hot Stocks09:42 EST Aerovate Therapeutics Inc trading halted, volatility trading pause
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HILS | Hot Stocks09:41 EST Hillstream BioPharma receives Orphan Drug Designation for HSB-1216 - Hillstream BioPharma announced the FDA granted Orphan Drug Designation to HSB-1216 for Uveal Melanoma. Hillstream continues to build an attractive oncology pipeline and expand its oncology pipeline for devastating diseases with this significant milestone achievement for HSB-1216. Hillstream is rapidly progressing towards a IND filing process and plans to initiate a clinical trial in solid tumor patients.
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TSLA | Hot Stocks09:41 EST Liontown announces binding term sheet for supply of lithium to Tesla - Australian-based battery materials company Liontown Resources announces that it has entered into a "legally binding sales and purchase term sheet" with electric vehicle manufacturer Tesla for the supply of spodumene concentrate. The agreement is for the supply of up to 150,000 dry metric tonnes, or "DMT," per annum of spodumene concentrate to be produced at Liontown's Kathleen Valley Lithium Project in Western Australia and is expected to commence in 2024, representing approximately one-third of the project's start-up SC6.0 production capacity of about 500ktpa, Liontown announced. Reference Link
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QTEK | Hot Stocks09:39 EST QualTek Services Inc trading resumes
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MASI | Hot Stocks09:38 EST Masimo trading resumes
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IMAC | Hot Stocks09:34 EST IMAC completes second cohort of Phase 1 trial of mesenchymal stem cells - IMAC Holdings announces it has completed the second cohort of its Phase 1 clinical trial for its investigational compound utilizing umbilical cord-derived allogenic mesenchymal stem cells for the treatment of bradykinesia due to Parkinson's disease. The second cohort consists of five patients with bradykinesia due to Parkinson's disease receiving an intravenous infusion of a medium concentration stem cell treatment. The cohort was completed on Tuesday, February 15, 2022. In accordance with the trial protocol, the Company will wait at least 30 days to demonstrate safety of the medium concentration dose before initiating the third and final cohort in which five patients will receive a high concentration intravenous dose of stem cells.
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QTEK | Hot Stocks09:34 EST QualTek Services Inc trading halted, volatility trading pause
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MASI | Hot Stocks09:33 EST Masimo trading halted, volatility trading pause
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VRM | Hot Stocks09:33 EST Vroom announces new Extended Mile hub in Statesville, North Carolina - Vroom, Inc. announced its new Extended Mile hub in Statesville, North Carolina. Similar to Vroom's Last Mile hubs but with broader reach, the new Extended Mile hub provides a more customized driveway experience for 2.6 million people in more than 600 ZIP codes across North Carolina.
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BRQS | Hot Stocks09:32 EST Borqs Technologies announces extension to regain Nasdaq compliance - Borqs Technologies announces that Nasdaq Listing Qualifications has provided written notice dated February 15, 2022, that the Company is eligible for another 180 calendar day period, or until August 15, 2022, to regain compliance with Nasdaq's minimum $1 bid price requirement. The Company has provided written notice, as required by Nasdaq, of our intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. Compliance can be attained during this additional time period if the closing bid price of the Company's security is at least $1 per share for a minimum of 10 consecutive business days.
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ADIL | Hot Stocks09:29 EST Adial Pharmaceuticals announces closing of $10M financing - Adial Pharmaceuticals announced the closing of its previously announced registered direct offering, whereby a single accredited institutional investor purchased approximately $10 million of the Company's common stock and pre-funded warrants, as well as warrants to purchase common stock in a concurrent private placement. The combined effective purchase price for one share of common stock and a warrant to purchase 0.95 shares of common stock was $2.40. Under the terms of the securities purchase agreement, Adial sold 2,322,250 shares of common stock and pre-funded warrants to purchase up to1,865,000 shares of common stock. Adial also issued warrants to purchase up to an aggregate of 3,977,888 shares of common stock. The warrants are exercisable six months from the date of issuance, expire five and a half years from the date of issuance, and have an exercise price of $2.52 per share of common stock. The net proceeds of the offering strengthen Adial's balance sheet as it moves toward completion of the Company's Phase 3 ONWARD trial and are intended primarily for working capital and other general corporate purposes. This capital is expected to support potential regulatory and commercialization activities related to AD04, pursuing strategic initiatives, and advancing preclinical and clinical activities related to the Company's Purnovate adenosine platform, among other purposes.
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AI BKR | Hot Stocks09:28 EST C3.ai down 7% after Spruce Point makes short call, sees 40%-50% downside - Shares of C3.ai (AI) are falling in pre-market trading after Spruce Point Capital issued a report entitled "Real Intelligence: Sell C3.ai" that outlines why the short-selling firm believes shares face "up to 40% to 50% downside risk" to $12.85-$15.40 per share. The firm sees risk from concentration as Baker Hughes (BKR) is C3.ai's largest customer and accounts for over 30% of sales, while also stating that it has found "a pattern of exaggeration and irreconcilable statements" form C3.ai regarding its "customers, technology development cost, total addressable market size, pace of market growth, market share, alliances and sales cycle to close deals." Spruce Point also contends that investor expectations for revenues at C3.ai are "too high given significant salesforce turnover" and a recent restructuring. Following the report, shares are down $1.77, or 7%, to $23.94 in pre-market trading. Reference Link
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SPCB | Hot Stocks09:26 EST SuperCom Chairman purchased 917,000 SPCB shares in the open market - SuperCom announced that its Chairman of the Board, Arie Trabelsi, has notified the company that he has recently purchased an additional 405,000 SPCB shares in the open market, on top of the 512,000 SPCB shares he purchased and announced on December 30 2021. This leads to a total of 917,000 SPCB shares purchased recently as part of his purchase program to purchase up to 3M SPCB shares in the open market.
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AI | Hot Stocks09:23 EST C3.ai drops 7% to $23.87 after Spruce Point short report
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ABML | Hot Stocks09:23 EST American Battery Metals secures additional 1,800 acres of lithium-bearing claims - American Battery Technology Company announced that it is in the process of staking 90 additional surface sedimentary lithium-bearing claims covering approximately 1,800 acres that will expand their Tonopah Flats Lithium Exploration Project in Big Smokey Valley, Nev. to a total of approximately 10,340 acres. As previously announced, ABTC has delivered its initial Tonopah Flats lithium samples for analysis for high throughput screening analysis. The company has decided to substantially expand its claims in the area, and will also continue with additional exploratory drilling while thorough analyses of subsequent samples are underway. The company will continue conducting geological mapping, sampling, geochemical analysis, and proprietary extraction trials to characterize these high potential resources and to quantify the performance of its internally developed lithium extraction and manufacturing operations. As the company further accelerates the commercialization of its internally developed process train for the manufacturing of battery grade lithium hydroxide product from this unique type of lithium-bearing surface sedimentary resource at its claims near Tonopah, Nev., it has initiated the process of exiting its positions in the Railroad Valley area and its associated brine claims. The company has sold 224 of their 644 unpatented placer claims in this Western Nevada Basin located in Nye County, Nevada to Ameriwest Lithium Inc., a North American lithium exploration and development company. As part of the company's battery metals resource development exploration efforts, ABTC is performing bench scale characterization and extraction trials to confirm the technical and economic feasibility of extracting elemental lithium from these acquired resources in order to produce battery grade lithium hydroxide, and other high value lithium products, for sale to the battery metals market. ABTC's sale of WNB claims, in combination with the expansion of its lithium-bearing surface sedimentary claims in Big Smokey Valley, follows an evolution in strategy and an emphasis on the sampling and characterization of lithium-bearing claystone sedimentary resources in the Tonopah Flats Lithium Exploration Project.
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OB | Hot Stocks09:23 EST Outbrain releases Engagement Bid Strategy - Outbrain announces the release of Engagement Bid Strategy, EBS, a new automatic performance optimization solution which does not require the use of 3rd party cookies or website tracking codes and can be optimized to a wider range of campaign goals. The new solution automatically optimizes ad creative serving and adjusts cost-per-click bidding by analyzing data from the advertiser website analytics system. "We analyze campaign performance and audience behavior data directly from the advertiser analytics system and automatically optimize the campaign for you," said Lior Charka, Vice President, Product at Outbrain. "As brands are fighting for customer attention, we expect that the addition of attention metrics within our platform will help marketers optimize their campaigns towards user intent in a cookieless manner while driving long term outcomes."
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NXTP | Hot Stocks09:20 EST NextPlay Technologies' NextBank selected by Alphabit's ABCC cryptocurrency - NextPlay Technologies announced that NextBank International, the international banking unit of its fintech division, has signed a Memorandum of Understanding, MOU, with Alphabit Consulting to provide deposit accounts and payment cards for members of its ABCC cryptocurrency exchange. The NextBank accounts will maintain ABCC users' fiat cash balances, permitting them to trade between fiat currency and cryptocurrency on ABCC exchange. Account holders will also be able to apply for payment cards that would allow them to make payments secured by their cryptocurrency balances. "ABCC is an exceptionally well-managed and fast-growing crypto exchange, making them the perfect partner to launch payment cards with," stated Todd Bonner, chairman of NextPlay Technologies and head of the company's fintech division. "We expect the regulatory licenses will further support trader and investor confidence, and further accelerate the growth of the ABCC platform. This new partnership also advances our efforts to expand the capabilities of our fintech division through the offering of products and services that appeal to companies within the digital asset industry."
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NWVCF | Hot Stocks09:19 EST EnWave receives purchase order for 120kw REV machine from Orto Al Sole - EnWave Corporation announced that it has received a purchase order for a 120kW Radiant Energy Vacuum machine from Orto Al Sole Societa Agricola to scale-up the commercial production of fruit and vegetable snack products in Italy using EnWave's proprietary technology. In July 2020, EnWave signed a royalty-bearing commercial license agreement with Orto Al Sole and sold a 10kW REV machine for product development and initial commercial production. Orto Al Sole developed a line of healthy, better-for-you fruit and vegetable snacks that received positive market feedback, leading to scale-up of its manufacturing capacity in preparation for distribution across Italy and potentially Europe.
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DSX | Hot Stocks09:19 EST Diana Shipping delivers Kamsarmax dry bulk vessel, time charter contract - Diana Shipping announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v Leonidas P. C., a 2011 built Kamsarmax dry bulk vessel of 82,165 dwt that the Company entered into an agreement to purchase in July 2021. As previously announced, the m/v Leonidas P. C. is time chartered to Cargill International S.A., Geneva, at a gross charter rate of $24,500 per day, minus a 4.75% commission paid to third parties, for a period until minimum March 1, 2023 up to maximum April 30, 2023. The charter is expected to commence on February 18, 2022. The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Solebay Shipping Cape Company Limited, Hong Kong, for one of its Capesize dry bulk vessels, the m/v Seattle. The gross charter rate is $26,500 per day, minus a 5% commission paid to third parties, for a period until minimum October 1, 2023 up to maximum December 15, 2023. The charter is expected to commence on February 23, 2022. The employments of "Leonidas P. C." and "Seattle" are anticipated to generate approximately $24.41M of gross revenue for the minimum scheduled period of the time charters. Including the newly delivered m/v Leonidas P. C., Diana Shipping Inc.'s fleet currently consists of 34 dry bulk vessels. The Company also expects to take delivery of one new-building Capesize dry bulk vessel by the end of the first quarter of 2022.
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BTCS | Hot Stocks09:18 EST BTCS adds Solana to blockchain infrastructure operations - BTCS Inc. announces the addition of Solana to its blockchain infrastructure. In addition to BTCS' current revenue streams, it will now be rewarded with SOL tokens. Solana's open-source blockchain protocol features a robust variety of decentralized solutions that includes but are not limited to non-fungible tokens, decentralized applications, smart contracts, digital asset transactions, and payment mechanisms. BTCS has staked 6,997 SOL tokens valued at approximately $710,000, and is generating compounding rewards. Staking allows users to generate an annual percentage yield on their staked assets whereas validator node operators charge a fee on users' staked asset rewards in addition to earning an APY on staked crypto. As such, the highly-scalable nature of running validator nodes is the premise behind BTCS' Staking-as-a-Service platform that they are currently developing. BTCS has completed all the technical work needed to deploy its own validator node on the Solana network and is working on the integration into its planned Staking-as-a-Service platform.
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TNET WE | Hot Stocks09:18 EST TriNet to become WeWork's U.S. professional employer organization partner - TriNet (TNET) announced an exclusive partnership with WeWork (WE) to become the company's professional employer organization partner in the United States. Through the partnership, WeWork's SMB members will be able to purchase full-service HR solutions from TriNet. Additionally, TriNet employees, as well as its 23,000 SMB clients-which span more than 600,000 people-will be provided with the option to purchase WeWork All Access memberships at a discounted rate.
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NN | Hot Stocks09:16 EST NextNav, echo3D partner to advance AR, VR experience - NextNav announced that it has partnered with echo3D, a cloud platform. Through this partnership, NextNav's vertical location service, Pinnacle, will provide echo3D developers with the 3D location data needed to build immersive AR and VR content built on top of the physical world. "Our partnership with echo3D enables developers to build immersive experiences, games, and applications that reflect our real world," said Dan Hight, NextNav VP of Business Development and Partnerships. "As we look ahead toward the building of the metaverse, our collaboration with echo3D marks a key development in enabling the digital layer that will soon exist on top of our physical world."
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MNTV ZEN | Hot Stocks09:16 EST Momentive urges shareholders to vote for Zendesk transaction - Momentive Global (MNTV) sent a letter urging stockholders to vote "FOR" all proposals relating to the proposed transaction with Zendesk, Inc. (ZEN) at the upcoming Special Meeting of Stockholders on February 25, 2022. The letter read, in part, " Momentive's Special Meeting of Stockholders on February 25th is rapidly approaching. You have the opportunity to vote for the proposed combination with Zendesk, which the Momentive Board of Directors unanimously believes is the best path forward for Momentive and will create significant and compelling value for Momentive stockholders. But don't just take the Momentive Board's word for it - as announced on February 11, leading independent proxy advisory firm Institutional Shareholder Services has also recommended that Momentive stockholders vote "FOR" the transaction with Zendesk. ISS Supports the Momentive Board's Recommendation to Vote "FOR" the Value-Enhancing Transaction with Zendesk Today: There are numerous reasons why stockholders should support Momentive's transaction with Zendesk. Among the most compelling are: Momentive stockholders will own approximately 22% of a faster-growing, more profitable company with greater revenue scale: Customer intelligence is more important than ever, and together, Zendesk and Momentive are uniquely suited to deliver a highly differentiated platform that no other software vendor currently provides. The combined company is expected to serve a $165 billion addressable market by 2025 and generate revenue at a 27% compound annual growth rate from 2021 to 2025.1 Additionally, the combined company is expected to generate $4.6 billion in revenue and achieve 14-16% non-GAAP operating margin by 2025.1 Put simply, in becoming part of a larger combined organization, Momentive expects to generate higher revenue growth at a significantly larger revenue scale with greater profitability, delivering many compelling financial benefits that it would otherwise not be able to achieve on its own. The transaction delivers compelling value to Momentive stockholders: The transaction structure provides upside participation for Momentive stockholders. The exchange ratio of 0.225 represents a greater than 30% premium to Momentive's one-month, three-month, and one-year unaffected historical exchange ratios.2 Furthermore, as supported by discounted cash flow valuation analyses by Momentive's independent financial advisors, the intrinsic valuation of the transaction represents more than $35 per share, providing Momentive stockholders with an attractive 22% premium compared to the intrinsic valuation of its standalone plan. The Momentive Board undertook a comprehensive review of strategic alternatives through a process designed to enhance stockholder value: In arriving at the transaction with Zendesk, the Momentive Board created a strategic committee of three independent Board members to oversee the process and provide recommendations to the full Board. The process led to engagement with 18 potential acquirors, three written proposals, and multiple price increases from multiple parties. Ultimately, the Board was unanimous in support of a transaction with Zendesk - the highest price with the highest intrinsic value for Momentive stockholders. Vote on the WHITE Proxy Card to Participate in the Upside Potential of the Combined Company: Join ISS in supporting Momentive's transformational proposed transaction with Zendesk. Please take a moment to vote "FOR" the proposals set forth on the enclosed WHITE proxy card today - by internet, telephone toll-free or by signing, dating and returning the enclosed proxy card in the postage-paid envelope provided."
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SNII | Hot Stocks09:15 EST Rigetti, Ampere announce strategic partnership - Ampere Computing and Rigetti Computing announced a strategic partnership to create hybrid quantum-classical computers designed to unlock a new generation of machine learning applications over the cloud. Pursuant to their partnership, the two companies will integrate Rigetti Quantum Processing Units, QPUs, with Ampere Altra Max cloud-native processors to create a hybrid computing environment. "Our partnership with Ampere will build on years of pioneering innovation in hybrid quantum-classical computing at Rigetti. We are thrilled to accelerate our technology leadership in this area with Ampere, an emerging leader in cloud native processor technology," said Chad Rigetti, founder and CEO of Rigetti Computing. "Together, we're focused on building the most powerful cloud computers and enabling customers to solve many of the world's most important and pressing problems." Rigetti announced in October it has entered into a definitive merger agreement with Supernova Partners Acquisition Company II.
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ONB FMBI | Hot Stocks09:13 EST Old National, First Midwest complete merger of equals - Old National Bancorp (ONB) and First Midwest Bancorp, (FMBI) jointly announced they have completed their all-stock merger of equals, announced on June 1, 2021. "This combination makes us one of the Midwest's largest commercial banks and positions us well for continued expansion, investment, and innovation in talent, capabilities and services," said Mike Scudder, Executive Chairman of the combined company. "We look forward to building upon the strong legacy of exceptional relationship banking and community engagement that both banks have developed over several decades to create even more opportunities to help our clients achieve financial success." The combined organization will operate under the Old National Bancorp and Old National Bank names, with dual headquarters in Evansville and Chicago. Board of Directors: The combined company's Board of Directors consists of 16 members with eight directors from Old National and eight directors from First Midwest: Mike Scudder, Executive Chairman; Becky Skillman, Lead Independent Director; Barbara Boigegrain; Tom Brown; Kathryn Hayley; Pete Henseler; Dan Hermann; Ryan Kitchell; Austin Ramirez; Ellen Rudnick; Jim Ryan; Tom Salmon; Michael Small; Derrick Stewart; Steve Van Ardsell; and Kathy White. Shares of First Midwest ceased trading after the closing of the NASDAQ stock market on February 15, 2022. The combined company's common shares will trade on NASDAQ under ticker symbol "ONB."
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AERC | Hot Stocks09:13 EST AeroClean announces HSS in New York to install Purgo system - AeroClean Technologies announced that Hospital for Special Surgery, or "HSS," in New York will install Purgo air purification and sanitization devices in their facilities starting in early 2022. HSS also plans to test and validate AeroClean's new clean air technology for elevators, Purgo Lift, and these devices will be installed in an HSS public elevator in February 2022 and evaluated for future deployment across HSS facilities, the company noted. "As the world's largest academic medical center specialized in musculoskeletal care, we have the responsibility and opportunity to implement the systems that will create the safest possible environment," said Dr. Bryan Kelly, HSS Surgeon in Chief and Medical Director.
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EVBN | Hot Stocks09:12 EST Evans Bancorp increases semi-annual cash dividend to 62c per share - Evans Bancorp announced that at its meeting yesterday, the Board of Directors declared a cash dividend of 62c per share on its outstanding common stock. This semi-annual dividend represents a 2c increase from the previous semi-annual dividend paid in October 2021.
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SLB | Hot Stocks09:12 EST Trillion engages Schlumberger for well engineering services - Trillion Energy announced it has signed a purchase order with Schlumberger to provide all well engineering design services and drilling support for new well drilling operations at the SASB gas field, Black Sea. SLB's services will include design and engineering of: well directional trajectories, offset analysis, casing requirements, drilling mud programs, directional tools, and the like. The initial engineering and planning services will be delivered during Q2 of 2022, in anticipation of drilling to commence in Q3 2022.
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CVU RTX | Hot Stocks09:10 EST CPI Aerostructures awarded contract worth up to $20M from Raytheon Intelligence - CPI Aerostructures (CVU) announced that it has been awarded a long-term, indefinite delivery indefinite quantity contract from Raytheon Intelligence & Space, a Raytheon Technologies (RTX) business, worth up to a potential $20M to provide rack assemblies for RI&S' B-52 AESA radar. CPI Aero received an initial $4N order for prototype and test article production of the rack assembly that the AESA radar will be mounted in and then installed within the nose of the B-52. Work will commence immediately with first delivery anticipated in late 2022. Douglas McCrosson, President & CEO of CPI Aerostructures, commented, "This new program award reflects our demonstrated reliability and quality, and expands our footprint with one of our top customers. Upgrades for weapon systems that lie at the core of our country's national security mission is an increasingly important part of our defense business and we are confident we will add value to the B-52 Radar Modernization Program team."
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ACAD | Hot Stocks09:09 EST Acadia resubmits sNDA for pimavanserin for Alzheimer's disease psychosis - Acadia Pharmaceuticals announced that it has resubmitted its supplemental New Drug Application, sNDA, for pimavanserin for the treatment of hallucinations and delusions associated with Alzheimer's disease psychosis to the U.S. Food and Drug Administration, FDA. This resubmission is in response to the FDA's April 2 Complete Response Letter to the sNDA originally submitted for a proposed indication for pimavanserin for the treatment of dementia-related psychosis. The resubmission provides additional analyses from two previously conducted clinical studies, HARMONY1 and Study -0192, to support a proposed indication for the treatment of ADP and is intended to address the issues raised in the FDA's CRL.
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AMD | Hot Stocks09:08 EST AMD announces availability of Amazon EC2 C6a instances - AMD announced the expansion of Amazon Web Services AMD EPYC processor-based offerings with the general availability of compute optimized Amazon EC2 C6a instances. According to AWS, the C6a instances offer up to 15% better compute price performance over previous generation C5a instances for a variety of compute focused workloads. The C6a instances support compute-intensive workloads such as batch processing, distributed analytics, ad serving, highly scalable multiplayer gaming, and video encoding. This is the second AWS EC2 instance type powered by 3rd Gen AMD EPYC processors, following the release of the M6a instances. These instances continue the collaboration between AWS and AMD providing AWS EC2 customers access to the performance and price performance capabilities of the latest generation of AMD EPYC processors.
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LVS SCHYY | Hot Stocks09:08 EST Las Vegas Sands cut to BB+ at S&P, outlook negative - S&P Global Ratings downgraded its issuer credit rating on Las Vegas Sands (LVS) and its subsidiaries, including Sands China Ltd. (SCHYY), to 'BB+' from 'BBB-'. It also lowered its issue-level ratings on SCL's and LVS's unsecured debt to 'BB+' from 'BBB-', and assigned a '3' recovery rating to LVS's debt. S&P said: "A slower recovery in Macau in 2022 will cause LVS's leverage to reach about 7x at the end of 2022, which is above our 4x downgrade threshold at the previous 'BBB-' rating. We revised our base-case forecast for Macau because we believe that the resumption of travel between Macau and Mainland China in 2022 will be slower than we initially anticipated amid rising Omicron cases and tightening junket activity. We believe the mass gaming segment will recover over the long term given China's growing middle class's high propensity to game, improving infrastructure between Mainland China and Macau, and expanding hotel supply. However, the predictability of the recovery timeline is less certain because it's difficult to assess if China will maintain its policies for zero tolerance of COVID-19 throughout the pandemic's third year."
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PROG | Hot Stocks09:08 EST Progenity shares oral presentation on treatment of gastrointestinal disorders - Progenity shared an oral presentation that was delivered by Dr. Bram Verstockt during the 34th edition of the Belgian Week of Gastroenterology on February 9, 2022. During the oral presentation titled "Tofacitinib tissue exposure correlates with endoscopic outcome," lead author Dr. Verstockt presented patient data demonstrating a significant relationship between mucosal exposure and endoscopic improvement in patients with moderate to severe ulcerative colitis who were treated with tofacitinib. "These data support the hypothesis that targeted delivery of tofacitinib to the site of disease has the potential to improve patient outcomes. This will be further explored in clinical trials with PGN-600 to determine whether Progenity's targeted approach can increase mucosal exposure and decrease systemic exposure," said Adi Mohanty, Chief Executive Officer of Progenity. "With this technology, we anticipate successful delivery of higher therapeutic doses directly to the mucosa while avoiding current issues with toxicity due to systemic uptake. We thank the clinical teams responsible for this independent study, in particular those at IBD Leuven and Amsterdam UMC, for their excellent work toward our shared goal of better therapeutic efficacy for IBD patients."
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TW | Hot Stocks09:07 EST Tradeweb Markets CEO to retire and become chairman, William Hult to succeed - The board of directors of Tradeweb Markets announced a number of changes to the board and succession plans for its executive leadership. Tradeweb co-founder and CEO Lee Olesky has been elected chairman of the board effective February 11 and will retire as CEO effective December 31. The board elected Tradeweb president William Hult to be the company's next CEO, effective January 1, 2023. Martin Brand has stepped down as chairman and is leaving the board after a successful three years in the role. The board will fill his vacancy in the coming months. Olesky will serve as both chairman and CEO of Tradeweb through 2022, after which he will continue to serve as chairman through 2023. Director Paula Madoff has been elected as the board's lead independent director, effective February 11.
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FQVLF | Hot Stocks09:07 EST First Quantum Minerals board approves final dividend of C$0.005 per share - First Quantum Minerals announced that its Board of Directors has approved a final dividend of $0.005 Canadian dollar per share in respect of the financial year ending December 31, 2021. This, together with the interim dividend of CDN$0.005, makes a total of CDN$0.01 for the 2021 financial year. The dividend will be paid on May 6, 2022 to shareholders of record on April 14, 2022. The Company has established a Dividend Reinvestment and Share Purchase Plan for its Canadian resident shareholders. The Plan enables Eligible Shareholders to reinvest the cash dividends paid on all or a portion of their Common Shares into additional Common Shares, which will be issued at 97% of the Average Market Price and provides the opportunity to make optional cash purchases of additional Common Shares on a semi-annual basis, on dividend payment dates.
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EXPI | Hot Stocks09:06 EST eXp World expands research, analytic capabilities with addition of Conway - eXp Commercial announced that KC Conway, founder and president of Red Shoe Economics, will serve as economic advisor, adding to the company's research, data and analytics capabilities. Conway will provide eXp Commercial agents and clients with industry research, data analytics and economic insight. "We are pleased to collaborate with KC and his team at Red Shoe Economics," said James Huang, president of eXp Commercial. "We are at the forefront of the fast-changing commercial real estate landscape and are committed to providing the best resources and training to our agents so they can deliver strong results to clients."
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HWC | Hot Stocks09:06 EST Hancock Whitney announces pact with Cetera Financial for investment services - Hancock Whitney announced a strategic relationship with Cetera Financial Group to provide Hancock Whitney clients with enhanced broker-dealer and investment advisory services. Hancock Whitney Investment Services, a registered broker-dealer, member FINRA/SIPC, and an SEC Registered Investment Advisor, will transition its client investment services business to Cetera, operating under the name "Hancock Whitney Financial Consultants," pending regulatory approval. HWIS, a wholly owned subsidiary of Hancock Whitney Corporation will remain in place as a limited broker-dealer for corporate and municipal underwriting. Cetera is one of the largest independent broker-dealers in the country. "Providing our clients a best-in-class, advice based experience is our priority and core to our organization's century-old commitment to service. The opportunity to work with Cetera aligns very well with our strategic vision and direction. This relationship will support us in meeting our clients' investment needs through superior broker-dealer and investment advisory services, enhanced products and digital user experiences, and more opportunities to help clients grow and protect their assets," said Hancock Whitney Chief Wealth Management Officer Miles Milton.
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SMG | Hot Stocks09:05 EST Scotts, MLB launch 2022 Field Refurbishment Grant Program - Starting today, the Scotts Company and Major League Baseball will begin accepting submissions for the 2022 Scotts Field Refurbishment Grant Program. Born from a desire to spread the joy and passion of the game, the program awards modern, playable youth baseball and softball field refurbishments to four communities in need across the country. Applications for this year's program can be submitted until March 13 at MLB.com/ScottsField. To be considered for a grant, applying organizations must provide programming that demonstrates an ability to enhance the lives of underserved children.
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TTOO | Hot Stocks09:04 EST T2 Biosystems announces commercial expansion in Norway, Finland, Turkiye - T2 Biosystems announced the execution of territory exclusive distribution agreements in Norway, Finland, and Turkiye. Under the terms of the agreements, T2 Biosystems will sell T2Dx Instruments, along with T2Bacteria, T2Candida and T2Resistance Panels through these distributors. The execution of these exclusive distribution agreements further expands T2 Biosystems' commercialization. "We are committed to expanding our commercialization worldwide and these new distribution agreements provide access to important markets in Norway, Finland, and Turkiye," said John Sperzel, Chairman and CEO of T2 Biosystems. "We believe these three countries represent significant growth potential for our culture-independent rapid diagnostics and look forward to building lasting relationships with our distributors as we work to improve the quality of care for those patients at risk of sepsis."
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PACB | Hot Stocks09:04 EST PacBio, KKH collaborate in study of unexplained neurodevelopmental disorders - KK Women's and Children's Hospital and PacBio announced a collaboration to leverage PacBio technology in understanding the genetic causes of neurodevelopmental disorders. As part of the Bringing Research Innovations for the Diagnosis of GEnetic diseases in Singapore program, the collaboration will use HiFi long read sequencing technology to investigate the effect on diagnostic yield in unresolved neurodevelopmental disorder cases, of which only 39 percent were resolved using short read sequencing technologies. The collaboration brings together two powerhouses within their respective fields. KKH is an academic medical center leading in Obstetrics, Gynecology, Pediatrics and Neonatology. Its 830-bed facility is a tertiary referral center to manage high-risk conditions in women and children. PacBio is a leading provider of long-read sequencing technology, and has extensive rare disease-focused collaborations with many U.S.- and Europe- based organizations. PacBio will also work with KKH to build a bioinformatics pipeline optimized for HiFi long read sequencing data analysis, enabling KKH to investigate possible disease-associated variants, including structural variants, in previously unresolved cases in the hopes of increasing diagnostic yield in rare disease cases of suspected but unknown genetic origin.
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NVDA | Hot Stocks09:02 EST Nvidia enters partnership with Jaguar Land Rover - Jaguar Land Rover has formed a multi-year strategic partnership with NVIDIA to jointly develop and deliver next-generation automated driving systems plus AI-enabled services and experiences for its customers. Starting in 2025, all new Jaguar and Land Rover vehicles will be built on the NVIDIA DRIVE software-defined platform - delivering a wide spectrum of active safety, automated driving and parking systems as well as driver assistance systems. Inside the vehicle, the system will deliver AI features, including driver and occupant monitoring, as well as advanced visualisation of the vehicle's environment. Jaguar Land Rover will also leverage in-house developed data centre solutions with NVIDIA DGX for training AI models and DRIVE Sim software built on NVIDIA Omniverse for real-time physically accurate simulation. Jensen Huang, NVIDIA founder and Chief Executive Officer, said: "Next-generation cars will transform automotive into one of the largest and most advanced technology industries. Fleets of software-defined, programmable cars will offer new functionalities and services for the life of the vehicles. We are thrilled to partner with Jaguar Land Rover to reimagine the future of transportation and create the most advanced cars."
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CHS | Hot Stocks09:02 EST Chico's enters strategic technology partnership with fabric, Inc. - Chico's announced its newly-formed strategic relationship with fabric, Inc., to enable Chico's FAS to deliver improved speed-to-market for new initiatives designed to accelerate growth. This new technology foundation includes omni-channel Order Management and Inventory Systems to power all forms of commerce across the company. Chico's FAS will also leverage fabric's platform for inventory management.
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TBLA | Hot Stocks09:02 EST Taboola awarded IAB UK Gold Standard 2.0 certification - Taboola announced it has been awarded the Gold Standard 2.0 Certification by the IAB UK, the United Kingdom's industry body for digital advertising. By achieving this certification, the IAB has verified Taboola, through a thorough vetting process, as a technology provider that upholds high standards in brand safety, user experience and more.
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FFIC | Hot Stocks09:01 EST Flushing Financial eliminates fees on consumer checking accounts - Flushing Financial Corporation announced it has eliminated overdraft, insufficient funds, and transfer fees on consumer checking accounts for its Flushing Bank, iGObanking, and BankPurely customers.
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SNX | Hot Stocks09:01 EST TD Synnex, Claroty announce partnership - Claroty announced its partnership with TD SYNNEX. The agreement enables Claroty's channel partners to purchase The Claroty Platform, the first industrial cybersecurity solution to be made available in TD SYNNEX's portfolio, directly through TD SYNNEX. Additionally, Medigate by Claroty, healthcare's leading clinical device data security and integration platform, is now available in TD SYNNEX's portfolio as well.
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JAGX | Hot Stocks08:46 EST Jaguar Health submits request to FDA for Canalevia to treat EID in dogs - Jaguar Health announced that it has submitted a request to the U.S. Food and Drug Administration's Center for Veterinary Medicine for Minor Use/Minor Species, MUMS, designation for the company's oral plant-based drug candidate Canalevia ,crofelemer, for treatment of exercise-induced diarrhea in dogs. "MUMS designation is a status similar to 'orphan drug' status for human drugs, and it makes the proposed intended use of a MUMS drug eligible for specific incentives supporting product approval or conditional approval. Receipt of MUMS designation for Canalevia for EID in dogs would make the company eligible to apply for Federal grants related to development costs, and provide the company with a longer period of marketing exclusivity following conditional approval of Canalevia for EID in dogs," said Dr. Michael Guy, DVM, MS, Ph.D., Jaguar Health's vice president of preclinical and nonclinical studies. "Canalevia, under the name Canalevia -CA1, has received MUMS designation for chemotherapy-induced diarrhea in dogs, and we believe Canalevia also meets the requirements for MUMS designation for our planned EID indication in dogs."
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OGN BAYRY | Hot Stocks08:43 EST Organon acquires rights for contraceptive products Marvelon, Mercilon in China - Organon (OGN) announced that it has acquired the rights from Bayer (BAYRY) to Marvelon and Mercilon , combined oral hormonal daily contraceptive pills, in the People's Republic of China, including Hong Kong and Macau, and has entered into an agreement to acquire the rights to these products in Vietnam. Marvelon and Mercilon are already owned, manufactured, and marketed by Organon as prescription oral contraceptives in 20 other markets. This acquisition gives Organon full global ownership of these brands by reacquiring the rights to them in these markets. The agreement to acquire the rights in Vietnam is expected to close in the first half of 2022 and is subject to customary closing conditions, including regulatory approval. "This is an important opportunity for Organon as we look to grow our contraception portfolio and further bolster our offerings to women in all parts of the world through strategic business development," said Susanne Fiedler, Chief Commercial Officer at Organon. "With Marvelon and Mercilon in the People's Republic of China, including Hong Kong and Macau, and potentially Vietnam, we will have an opportunity to reach more women who are looking for contraceptive options in these markets and help to empower them with choice in an area of health that is important to them." Marvelon is currently available over the counter in the People's Republic of China and both Marvelon and Mercilon are available over the counter in Hong Kong and Macau. Marvelon and Mercilon are currently available by prescription in Vietnam. Both contraceptives were acquired by Bayer AG in these markets from Merck & Co., Inc. in 2014 as part of the sale of Merck & Co.'s consumer care business. Marvelon and Mercilon are not available in the United States.
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MDXG | Hot Stocks08:37 EST MiMedx announces peer review study evaluating DHACM - MiMedx announced the publication of a peer-reviewed study in the Journal of Wound Care evaluating the cost-effectiveness of the Company's PURION processed dehydrated human amnion/chorion membrane, DHACM, allografts compared with standard of care for treating lower extremity diabetic ulcers, LEDUs, including diabetic foot ulcers, DFUs. The study analyzed a retrospective cohort of 10.9M Medicare patients diagnosed with diabetes, 1.2M of whom had a LEDU, and tracked outcomes such as amputations and healthcare utilization. Findings across propensity-matched cohorts demonstrated that the timely use of DHACM resulted in a significant reduction in long-term healthcare related costs, driven by the associated improved clinical benefits indicated by patients receiving DHACM, compared to those receiving standard of care, or receiving no advanced treatment. The study's findings showed that LEDU episodes treated with DHACM, following parameters for use, led to statistically fewer amputations and health care utilization, such as emergency department visits, inpatient admissions and readmissions. Timothy Wright, MIMEDX Chief Executive Officer, commented, "The results of this study have meaningful implications for patients suffering from lower extremity ulcers and for the physicians who treat them. DHACM has been shown to reduce the likelihood of amputations being required, lower healthcare costs, and provide patients, and their caregivers, with a better quality of life. MIMEDX is committed to establishing clinical, scientific and economic evidence in order to increase access to innovative technologies, improve patients' lives and reduce the financial burden associated with treatment - these data are another important step forward in our effort."
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TNDM | Hot Stocks08:36 EST Tandem Diabetes announces FDA clearance for t:slim X2 insulin pump - Tandem Diabetes announced FDA clearance of bolus insulin dosing on the t:slim X2 insulin pump using the t:connect mobile app. This represents the first-ever FDA-cleared smartphone application capable of initiating insulin delivery on both iOS and Android operating systems. The updated t:connect mobile app is designed to offer t:slim X2 insulin pump users the ability to program and cancel bolus insulin requests through the convenience of their compatible smartphone.
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ELMD | Hot Stocks08:36 EST Electromed appoints Christopher Holland as Chief Commercial Officer - Electromed announced the appointment of Christopher Holland as Chief Commercial Officer. Mr. Holland, an accomplished sales and marketing veteran, brings 30 years of experience in driving commercial growth in the Medical Technology market to Electromed. Prior to joining Electromed, Holland was the Vice President of Commercialization at Prosomnus Sleep Technologies, Inc., a Medical Device manufacturer of a mandibular advancement device for sleep apnea where he led new product introduction and revenue-growth initiatives across the enterprise. Prior to his time at Prosomnus, Holland spent over a decade as the Chief Commercial Officer and Executive Vice President of Sales and Global Business Development at Nonin Medical, Inc., where his accomplishments included delivering record global sales by successfully initiating and leading a corporate commercial turnaround. Earlier in his career, Holland held various leadership roles at Cisco Systems and PriceWaterhouseCoopers.
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SKYE | Hot Stocks08:35 EST Skye Bioscience reports data from SBI-100 in GLP toxicology study - Skye Bioscience announced that it has completed a good laboratory practice, GLP, nonclinical toxicology study of its SBI-100 ophthalmic nanoemulsion in support of the Company's planned Phase 1 first-in-human clinical trial in Australia. The purpose of this study was to evaluate the ocular toxicity and toxicokinetics of SBI-100 ophthalmic nanoemulsion when administered to rabbits either two or three times daily at multiple doses by topical ocular administration for fourteen consecutive days. The reversibility of potential test article-related effects was also assessed following a drug-free recovery period. No histological changes were observed in the eye and no adverse findings in remaining organs resulting from SBI-100 administration. Based on these results, a no-observed-adverse-effect level was observed, allowing for the determination of a starting dose for the upcoming Phase 1 clinical trial. "We believe there is potential for SBI-100 to be a disruptive and potentially transformative treatment option for patients suffering from glaucoma. We have worked diligently to complete the preclinical steps required for our submission to the Australian Therapeutic Goods Administration, and these positive GLP toxicology results represent the final nonclinical dataset needed to complete our submission," said Tu Diep, Chief Development Officer. "Upon receiving the required approvals from the Australian regulatory agencies, we plan to initiate our Phase 1 clinical trial of SBI-100 and dose our first patient in the second quarter of 2022."
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APTS | Hot Stocks08:35 EST Preferred Apartment to be acquired by BREIT for $25.00 per share - Preferred Apartment announced that it has entered into a definitive agreement with Blackstone Real Estate Income Trust, or BREIT, under which BREIT will acquire all outstanding shares of common stock of PAC for $25.00 per share in an all-cash transaction valued at approximately $5.8B. Under the terms of the agreement, BREIT will acquire PAC, which includes 44 high-quality multifamily communities totaling approximately 12,000 units concentrated largely in Atlanta, Orlando, Tampa, Jacksonville, Charlotte and Nashville, and 54 grocery-anchored retail assets comprising approximately six million square feet located mostly in Atlanta, Orlando, Nashville and Raleigh. BREIT will also acquire the company's two Sun Belt office properties and 10 mezzanine/ preferred equity investments collateralized by under construction and newly-built multifamily assets. The purchase price represents a premium of approximately 39% over the unaffected closing stock price on February 9, the date prior to a media article reporting that the company was exploring strategic options including a sale, and a premium of approximately 60% to the 90-day volume-weighted average price through that date. The holders of each series of PAC's preferred stock will receive the $1,000 per share liquidation preference for each share plus accrued but unpaid dividends. Subject to and upon completion of the transaction, PAC's common stock will no longer be listed on the New York Stock Exchange, and PAC will be owned by BREIT. The transaction has been unanimously approved by PAC's Board of Directors and is expected to close in the second quarter of 2022, subject to approval by PAC's stockholders and other customary closing conditions. The merger agreement also includes a 30-day "go-shop" period that will expire on March 18, 2022. There can be no assurance that this process will result in a superior proposal, and PAC does not intend to disclose developments with respect to the go-shop process unless and until it determines such disclosure is appropriate or is otherwise required.
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DSP | Hot Stocks08:34 EST Viant announces strategic alliance with Commerce Signals - Viant Technology announced a new partnership with Commerce Signals, a Verisk Financial business and leader in payment-based insights and ad effectiveness solutions. This strategic alliance is a key driver for Viant, as the company continues to bolster its holistic measurement solutions, delivering clients true return-on-ad-spend, ROAS. "Measurement has been and will continue to be a key focus for Viant, and Commerce Signals' expertise in consumer credit and debit card transactional data is an important component in elevating our existing solutions," said Tom Wolfe, SVP, Business Development, Viant. "Actionable metrics including incremental return on ad spend and lift in buyer penetration provide key insights that ultimately drive customer success." Commerce Signals enables marketers access to the largest source of consumer payments behavior data to improve marketing outcomes. In campaign measurement, Commerce Signals matches ad impressions to card spending and then shares back the aggregate spending for groups of consumers, across all addressable platforms, such as CTV and OTT. Ultimately, if impressions can be tracked to an individual or household, Commerce Signals can measure their incremental sales impact. "We are delighted to be working with Viant to combine our companies' capabilities to help agencies and brand marketers maximize their ROAS," said Andy Mantis, President, Commerce Signals. "By connecting advertising impressions to omnichannel card spend data, increasing sales impact will be an attainable goal for clients."
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SFET | Hot Stocks08:34 EST Safe-T launches Ad Blocker Pro anti-malvertising solution - Safe-T Group announced that it is building on the growing success of its consumer subscriber business with the launch of its latest product - Ad Blocker Pro, an anti-Malvertising solution. Safe-T's newest product, Ad Blocker Pro, bridges the gap between the Company's consumer privacy and cybersecurity offering by providing two layers of protection - protecting users' privacy by blocking ads and securing their devices from malvertising. The Ad Blocker Pro app is now available for download from the Apple App Store for iOS devices using the Safari browser.
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AMZN | Hot Stocks08:33 EST Capital Square 1031 acquires state-of-the-art Amazon distribution facility - Capital Square 1031 announced the acquisition of a 2,690,000-square-foot distribution facility on a long-term absolute net lease to Amazon.com. The facility was acquired on behalf of CS1031 Zero Coupon Fulfillment Center, DST.
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TOI | Hot Stocks08:33 EST The Oncology Institute expands Florida presence with Lakeland Clinic - The Oncology Institute of Hope and Innovation opened its 54th clinic location, and its sixth in Florida, in Lakeland on Monday. This expansion into Polk County comes after TOI's recently launched Florida physician dispensary and blood transfusion program, allowing TOI patients access to oral chemotherapeutics and clinic-based blood product transfusions. "We are excited to bring our cutting-edge cancer care to the residents of Polk County," shared Dr. Daniel Virnich, COO. "By expanding our footprint and service offerings, we are demonstrating our investment in the Florida market and elevating the standard of care in the communities we serve."
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BRTX | Hot Stocks08:33 EST BioRestorative Therapies announces notice of allowance on patent for BRTX-100 - BioRestorative Therapies announced that the United States Patent and Trademark Office has issued a notice of allowance for a patent application related to the Company's BRTX-100 core clinical program. Claims granted under the key patent cover a method of preparing BRTX-100, a stem cell population derived from bone marrow, grown under hypoxic conditions, and used to treat avascular zones, such as the intervertebral disc. The method of preparing stem cells under low oxygen conditions is designed to optimize the therapeutic potential of the cells once implanted in the low oxygen environment of the damaged disc.
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UTI | Hot Stocks08:32 EST Universal Technical purchases campus in Lisle, Ill from Joint Venture partner - Universal Technical completed a series of transactions resulting in the 100% ownership of its Lisle, Ill. campus through a wholly owned subsidiary, 2611 Corporate West Drive Ventures. This was accomplished by the acquisition of the approximately 72% ownership of 2611 CWD previously held by iStar Net Lease I, a Delaware limited liability company. The company had held an approximately 28% stake in the 2611 CWD joint venture formed to own and develop the property in 2012. The company has been in the Lisle location since the fall of 2013 when the current facility was built. There are no changes to the campus operations as a result of these transactions. The total net purchase price to acquire the approximately 72% stake in 2611 CWD was $28.2M in cash plus assumption of a prorated portion of the existing debt. As a result of the transactions, through 2611 CWD the company is the sole obligor for total current outstanding debt of approximately $18.5M for the campus. The campus currently has over 900 students, with available capacity for more students, and offers the company's core automotive and diesel programs and the welding technology program. In support of the acquisition, the company is pursuing new financing that would retire the debt it assumed to facilitate the transaction and fund a portion of the net cash proceeds.
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EFTR IMGN | Hot Stocks08:32 EST eFfector Therapeutics appoints Kristen Harrington-Smith to boardImmunoGen - eFFECTOR Therapeutics (EFTR) announced the appointment of Kristen Harrington-Smith, Senior Vice President & Chief Commercial Officer at ImmunoGen (IMGN), to the company's board of directors. Concurrent with Ms. Harrington-Smith's appointment, Jonathan Root, M.D., has resigned from the company's board of directors.
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OWL | Hot Stocks08:31 EST Blue Owl Capital to acquire Wellfleet Credit Partners from Littlejohn & Co. - Blue Owl Capital announced it has entered into a definitive purchase agreement to acquire Wellfleet Credit Partners from affiliates of Littlejohn & Co. Founded in 2015 as the performing credit arm of Littlejohn, a private investment firm based in Greenwich, CT, Wellfleet focuses on the management of CLO portfolios of broadly syndicated leveraged loans. The transaction is expected to close in March and is subject to customary closing conditions. The purchase price consists of upfront and earnout payments, which will be primarily funded by cash. Upon closing, Wellfleet will become part of Blue Owl's Owl Rock division, reporting into Craig Packer, Co-Founder and a Senior Managing Director of Blue Owl.
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VIAC... | Hot Stocks08:29 EST Paramount raising global streaming subscriber goal to more than 100M by end 2024 - Last night, Paramount said Paramount+ has "exceeded the company's goals since its launch, and ahead of schedule, as the key driver of ViacomCBS' overall streaming growth." The company, which is rebranding from ViacomCBS, said it delivered more than 56M total global streaming subscribers and 84% revenue growth in the direct-to-consumer segment in 2021. "As a result of its streaming momentum and incremental investments, the company is raising its global streaming subscriber goal from 65-75 million global streaming subscribers to more than 100 million subscribers by year-end 2024. The company is also raising its 2024 DTC revenue goal from $6 billion to $9 billion," Paramount said. "In just one year, Paramount+ has outperformed all expectations. Our powerful content, marketing and distribution engines drove explosive growth as further proof of our ability to establish a sustainable, large scale streaming business with a differentiated global playbook," added CFO Naveen Chopra. In addition, Paramount said Paramount+ subscribers will soon be able to enjoy Showtime in a new integrated offering. "Starting this summer in the U.S., Paramount+ subscribers will be able to upgrade their subscription to a bundle that includes the SHOWTIME service through two plans," the company noted. Showtime will also remain available as a standalone premium OTT subscription service and through various third-party streaming platforms, the company said.
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HZNP | Hot Stocks08:28 EST Horizon Therapeutics names Sean Clayton as general counsel - Horizon Therapeutics named Sean Clayton as executive vice president and general counsel effective February 28. Clayton will report directly to Tim Walbert, chairman, president and CEO and will join the company's executive committee. Clayton is currently a partner at Cooley LLP and leads the firm's San Diego corporate practice.
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VIAC... | Hot Stocks08:25 EST ViacomCBS to change name to Paramount, Class B ticker to 'PARA' - ViacomCBS last night announced that the global media company will become Paramount Global, referred to as "Paramount,", effective February 16, stating that the move brings together its "leading portfolio of premium entertainment properties under a new parent company name." President and CEO Bob Bakish said: "Paramount's iconic peak represents a rich history for our company as pioneers in the Golden Age of Hollywood. Today, as we embrace the Paramount name, we are pioneers of an exciting new future." The company's shares will trade on the Nasdaq stock exchange as "PARAA" for Class A common, "PARA" for Class B common and "PARAP" for Preferred Stock, beginning with trading on February 17 at 9:30 a.m. ET. In addition to the name change, the company detailed plans to accelerate momentum behind Paramount+, unveiling new content, enhanced product offerings and continued international expansion at its investor event. The company announced that starting with 2024 film releases, Paramount+ will become the streaming home for all new Paramount Pictures movies in the U.S. following their theatrical runs. "We see a huge global opportunity in streaming, a much larger potential market than can be captured by linear TV and film alone. We're excited about our ability to not just compete, but thrive, creating significant value for both consumers and shareholders. How? Because we're broader in four key areas: our diverse content, streaming model, mix of platforms and global reach. As we look forward, the size of the opportunity we see is matched only by our ambition to seize it," added Bakish. With Paramount+ and SkyShowtime, the company will have streaming services available in more than 60 markets across the UK, Latin America, Canada, Australia, South Korea, the Caribbean and all major markets in Europe by the end of this year. In 2023, the company will look to Asia, Africa and the Middle East, building on Paramount+'s strong momentum to grow its presence in every region of the world, it said.
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SGSVF | Hot Stocks08:25 EST Sabina Gold & Silver announces Zhaojin exercise of participation rights - Sabina Gold & Silver has announced that Zhaojin International Mining has elected to exercise its participation right under its Shareholder Agreement with the Company in connection with the Company's US$95 million private placement with Orion Mine Finance and Wheaton Precious Metals. To maintain its 9.9% ownership of the Company, Zhaojin will purchase approximately 10.1 million common shares of the Company at $1.30 per share by way of a private placement which would raise an additional C$13 million. The remainder of the Offering and the Zhaojin PP will close in two further tranches with C$39 million closing later in February, 2022 subject to TSX approval and C$18 million closing in Q2, 2022 subject to TSX and shareholder approval. The shares and proceeds related to the Zhaojin PP are additional to the Offering and will off-set future equity requirements. The net proceeds of the Offering and the Zhaojin PP will be used to advance development of the Company's Back River Gold Project and for working capital and general corporate purposes.
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BBKCF | Hot Stocks08:22 EST Blockchain Intelligence Group, U.S. federal agency extend C$588K contract - BIGG Digital Assets, owner of Blockchain Intelligence Group is pleased to announce a contract extension for year three with a United States federal government agency bringing total contract value to C$588,462. Blockchain Intelligence Group supplies forensic technology for cryptocurrencies to support investigations and training. The agency name is withheld due to its critical national security mission. Blockchain Intelligence Group also signed contracts in the last two months with two US banks with contract values of CAD $96.5K.
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WIX | Hot Stocks08:20 EST Wix.com will not provide annual guidance amid higher volatility in demand - In its Q4 earnings press release, the company states: "We have experienced a much higher level of volatility in demand for online services over the last year and a half due to COVID. As a result, we are not able to forecast our business with the same level of confidence as we have historically been able to pre-COVID, even as fundamentals remain strong. Given this volatility and continued uncertainty, we are adjusting our current guidance practice. As long as we are in a period of heightened volatility, we will not be providing annual guidance for bookings, revenue or free cash flow. We will issue quarterly guidance for total revenue to provide updates on our progress to drive growth. We will also provide additional color around forward expectations in our quarterly earnings releases. "
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PRPH | Hot Stocks08:20 EST ProPhase Labs declares special cash dividend of 30c per share - ProPhase Labs announced that its Board of Directors has declared a special cash dividend in the amount of $0.30 per share on its common stock, payable on March 10, 2022 to stockholders of record as of March 1, 2022.
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STEP | Hot Stocks08:20 EST Stepstone Group announces partner, managing director promotions - StepStone has named 5 new partners and 12 new managing directors. 2022 Partner Class: Shannon Bolton; Tyler Johnson; Wes Ogburn; Samuel Scherf; and Stephan Tscheulin. New Managing Directors: Szymon Badura; Panhavat Chhun; Anthony D'Agostini; Leyla Holterud; Nico Kirsten; Fabian Korzendorfer; Laia Massague; Pooja Patel; Vita Schultz; Panos Tegos; Mark Tsang; John Wuestling.
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STLA | Hot Stocks08:20 EST Stellantis to outline long-term strategic plan on March 1 - Stellantis N.V announced it will outline its long-term strategic plan on Tuesday, March 1, 2022 at 2 p.m. CET / 8 a.m. EST. Carlos Tavares, CEO, will share Stellantis' long-term strategic plan to further define how the Company intends to lead the way the world moves.
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SPRO | Hot Stocks08:19 EST Spero Therapeutics announces results from Phase 1 BAL trial of SPR206 - Spero Therapeutics announced topline findings from its Phase 1 bronchoalveolar lavage, BAL, clinical trial of SPR206, an intravenously-administered next-generation polymyxin product candidate. SPR206 was derived from Spero's potentiator platform and is in development to treat serious multi-drug resistant, MDR, gram-negative infections in the hospital setting. The Phase 1 BAL study evaluated the safety and pharmacokinetics, PK, of SPR206 when administered at 100 mg, three times daily. Results showed that SPR206 was generally well-tolerated. Importantly, the mean concentration of SPR206 in the lung ELF exceeds the SPR206 MIC for targeted gram-negative pathogens for the entirety of the 8-hour dosing period. "SPR206 has achieved an important milestone, as these data support our belief that SPR206 has the potential to offer therapeutic activity against MDR gram-negative lung infections," said Ankit Mahadevia, M.D., Chief Executive Officer of Spero. "Together with our prior Phase 1 and pre-clinical data, we look forward to engaging with regulators as we plan the continued development of SPR206."
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UNH | Hot Stocks08:17 EST District of Columba chooses UnitedHealthcare for its Dual Choice program - The District of Columbia has selected UnitedHealthcare to administer its District Dual Choice program. The contract term is February 1 , through December 31 which the district may extend up to four additional one-year periods. UnitedHealthcare will initially serve approximately 12,300 District Dual Choice program enrollees. UnitedHealthcare will continue to work closely with the Department of Health Care Finance, which administers the District of Columbia District Dual Choice program as part of its Medicaid program, to improve the overall health and well-being of enrollees through a value-based, whole-person, and integrated care model. "We are committed to partnering with the Department of Health Care Finance to continue building a strong District Dual Choice program that provides individualized care to meet the health and wellness needs of enrollees," said Erin Henderson Moore, executive director, UnitedHealthcare Community Plan of Washington, D.C. "We are honored to serve the health care needs of our enrollees in the district through innovative programs and community investments that reduce health disparities."
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DNB | Hot Stocks08:17 EST Dun & Bradstreet announce 10-year strategic agreement - Dun & Bradstreet and Google Cloud, announced a 10-year strategic agreement to leverage Google Cloud for infrastructure modernization and jointly innovate new industry-specific solutions and services to help businesses operate. As part of the agreement, Dun & Bradstreet will accelerate its infrastructure modernization using Google Cloud as its preferred cloud provider, enabling the companies to deliver next-generation solutions to meet the needs of organizations. The depth and breadth of Dun & Bradstreet's business data and insights, combined with Google Cloud's technology, will fuel the joint innovation agenda that focuses on helping customers overcome today's biggest business challenges. The companies' first innovation initiative will focus on developing solutions to solve the increasing challenge of managing supply chain risk.
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SDH | Hot Stocks08:17 EST Global Internet of People launches CEM program - Global Internet of People announced that Global Mentor Board Education Technology, GMB Education, a newly established subsidiary of the Company's variable interest entity, launched a carbon emission management training program, CEM Program, in February, 2022. The CEM Program is aimed at helping trainees to prepare for the qualification exams and obtain professional certificates issued by China Energy Conservation Association, a non-profit organization that promotes energy efficient technology and products. Haiping Hu, Chairman of the Board and Chief Executive Officer of SDH, commented: "By launching this training program, we are expanding our business into the Chinese vocational education market, following the trend of China's education reform that encourages vocational education. With our market resources and brand influence, we are committed to building our vocational training platform and launching more programs in the future."
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ABB | Hot Stocks08:16 EST ABB secures $30M order for satellite imaging technology - ABB has been awarded a contract worth around $30M by the Canadian data and analytics company EarthDaily Analytics Corp. to develop and manufacture next-generation multispectral imaging systems to be placed on 10 satellites that will circle the Earth. The order was booked in the first quarter of 2022. Multispectral imaging systems capture data at specific light frequencies across a wide spectrum, and the EarthDaily Constellation network of satellites will be able to provide high-quality imagery in 22 spectral bands with resolution down to five meters.
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RYTM | Hot Stocks08:16 EST Rhythm announces interim data from long-term extension study of setmelanotide - Rhythm Pharmaceuticals announced positive interim data from its long-term extension study evaluating setmelanotide in patients with Bardet-Biedl Syndrome, BBS. Rhythm will review these data, as well as provide an update on ongoing preparations in support of a potential U.S. commercial launch of IMCIVREE for the treatment of obesity and hyperphagia in patients with BBS, during a virtual event for investors and analysts beginning today. Of the patients enrolled in Rhythm's long-term extension trial, 19 individuals with BBS have reached 24 months on therapy. As of a data cutoff date of October 29, 2021: The mean percent reduction in body mass index from pivotal trial baseline was -14.3%; The mean percent reduction in body weight from pivotal trial baseline among patients 18 years of age or older was -14.9%; The mean reduction in BMI Z score from pivotal trial baseline among patients younger than 18 was -0.72. Consistent with prior clinical observations, setmelanotide was generally well-tolerated in the long-term extension study and no new safety signals were observed. Rhythm plans to present detailed results from this study at a major medical meeting later this year. Also at the event, Rhythm management will provide an update on ongoing preparations in support of a U.S. commercial launch of setmelanotide for the treatment of obesity and hyperphagia in individuals with BBS, pending approval by the U.S. Food and Drug Administration.
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CARR MAR | Hot Stocks08:16 EST Carrier Global, Marriott to explore development of new technologies - Carrier Global (CARR) announced it is collaborating with Marriott International (MAR) to explore the development of new technologies to improve areas including in-room environment and hotel construction. Carrier, the leader in healthy, safe, sustainable and intelligent building solutions, will join forces with the Marriott Design Lab to develop advances such as optimized building systems for modular construction and IoT-connected hotels for an improved guest experience. Carrier will establish a dedicated collaboration team to innovate based on a multi-year agreement that demonstrates a shared commitment to sustainable building practices and improving the guest experience.
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HYPR | Hot Stocks08:13 EST Hyperfine announces Queen's University receives Hyperfine Portable MRI - Hyperfine announces that Queen's University and Kingston Health Sciences Centre are deploying a Swoop system as part of their health services benefitting six communities located in the James Bay and Hudson Bay Area. Until now, patients needing routine or emergent care required transportation by medical charter flight hundreds of miles away to either Timmins or Kingston, ON. Queen's University intends to utilize Swoop as part of a study to build evidence regarding the utility and affordability of a portable point of care, POC, MRI in a remote setting. "Until recently, the technology for portable point of care imaging has not existed-resulting in inequitable access to healthcare and putting people at great risk simply due to their geographical limitations," said Khan Siddiqui, M.D., chief medical officer and chief strategy officer of Hyperfine. "Swoop was designed to enable rapid diagnoses and treatment for every patient regardless of income, resources, or location, pushing the boundaries of conventional imaging technology and expanding patient access to life-saving care."
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CSCW | Hot Stocks08:13 EST Color Star Technology says 'Color World' software available in Android App Store - Color Star Technology announced that its entertainment metaverse "Color World" software is available for download in the Android App Store.
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METX AGMH | Hot Stocks08:13 EST Meten Edtechx provides updates on cryptocurrency business - Meten Holding (METX) provided an update on the company's cryptocurrency business. To date, the company has put 867 mining machines into operation, consisting of 147 mining machines purchased in small batches and 720 mining machines purchased from AGM Group (AGMH). The remaining 615 mining machines purchased from AGMH are expected to be deployed and put into operation by the end of this month. The company currently has a total of 1482 units of Bitcoin mining machines with a computing power of approximately 150PH/s. In addition, the company has recently purchased 600 XP mining machines from Bitmain Technologies with an aggregate computing power of approximately 100PH/s. These mining machines are expected to be delivered in the second half of this year. The company intends to continue to develop its cryptocurrency business through purchasing more mining machines.
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SRT | Hot Stocks08:12 EST StarTek appoints Nishit Shah as global CFO, Jayanta Lahiri as global CIO - Startek announced the appointment of Nishit Shah as Global Chief Financial Officer and Jayanta Lahiri as Global Chief Information Officer. Shah and Lahiri report directly to Global CEO Bharat Rao. "I am delighted to have joined the Startek team," said Shah. "The global Startek footprint and investment in digital-first CX capabilities create a strong foundation. I look forward to working with the Startek team to execute on the company's priorities, accelerate growth and enhance value for all stakeholders." A chartered accountant with 23 years' experience, Shah holds a bachelor's in Commerce, Accounts and Computers from the University of Mumbai.
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SBEV | Hot Stocks08:12 EST Splash Beverage secures distribution for SALT Tequila through Gulf Distributing - Splash Beverage announced that it has secured distribution through Gulf Distributing of Alabama for the Company's SALT Naturally Flavored Tequila for the state of Alabama, and participating military bases. Gulf Distributing of Alabama is a division of Gulf Distributing Holdings which manages and operates 7 individual beverage distributors that encompass central and southern Alabama and markets in Mississippi. GDH represents over 100 suppliers and services over 10,000 retail accounts in its assigned territories. Splash Beverage CEO Robert Nistico states, "We have a long-standing relationship with Gulf Distribution, and we are extremely excited to be working with their team. Our brand, SALT Naturally Flavored Tequila, joins their blue-chip portfolio of beverages, including Coors, Heineken, Corona, Red Bull, Essentia Water, 7-Up and Snapple, and TapouT Performance Beverage in Alabama."
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ALK | Hot Stocks08:12 EST Alaska Air launches first-ever flight subscription service in the U.S. - As the only major airline headquartered on the West Coast, Alaska Airlines is blazing a new path for travel with the debut of Flight Pass, an innovative, subscription-based travel offering that takes value and flexibility to the next level. Available starting Feb. 16, Flight Pass members can fly up to 24 roundtrip flights a year to the most popular routes within California, as well as nonstop service from California airports to Reno, Phoenix and Las Vegas, for a fixed monthly rate. With annual plans starting at $49 per month, this new way to fly allows travelers to lock in main cabin deals for a full year and rewards subscribers with lower than average fares on eligible flights.
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AGCO | Hot Stocks08:11 EST AGCO launches Massey Ferguson S Series Tractors - AGCO Corporation ushered in a new era of straightforward dependability and farmer-focused technology with the North American launch of the Massey Ferguson S Series Tractors. Composed of four series - the MF 5S, MF 6S, MF 7S and MF 8S Series - this versatile tractor lineup combines cutting-edge features with Massey Ferguson's proven reliability for a cost-effective, farmer-driven equipment solution. Massey Ferguson will debut the full MF S Series lineup, together for the first time, at booth 7823 during the National Farm Machinery Show in Louisville, Kentucky, February 16-19.
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GBOX | Hot Stocks08:10 EST GreenBox enters partnership with Cross River - GreenBox announced that it has entered into a licensing partnership with Cross River, a technology infrastructure provider that offers embedded financial solutions. Cross River currently FinTech companies across the United States. "GreenBox's partnership with Cross River will bring to fruition the launch of their first banking-as-a-service initiative and ushers GreenBox into the arena with the likes of well-known, major financial technology-driven brands," the company said. By combining existing technology with Cross River's infrastructure, GreenBox will provide additional services to existing clients on one platform while also offering a full suite of services to a completely new and vast customer pool. "This was an important and necessary first step towards the launch of banking as a service which we believe will be a game changer for GreenBox as it will radically expand our capabilities and the vast universe of potential customers, with a customer-inspired, technology driven and combined offering," said Fredi Nisan, Chief Executive Officer of GreenBox POS. "Not only will we eventually be able offer all our existing merchant clients cutting edge banking services, but we can also open these solutions to strategic partnership, and enterprises seeking white label solutions. We expect this to be a significant driver of revenue growth. "
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KPLT | Hot Stocks08:10 EST Katapult selects Poly & Bark to join retail network - Katapult has selected Poly & Bark to join its retailer network to give shoppers more options when looking to obtain quality furniture and to help non-prime customers gain access to durable goods, including furniture. Katapult's lease-to-own solution will provide Poly & Bark the ability to offer transparent, customer-centric lease-purchase options and access more customers who previously may not have had a way to purchase the goods they need.
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BCTX | Hot Stocks08:10 EST BriaCell appoints Giuseppe Del Priore as CMO - BriaCell Therapeutics announces the appointment of Giuseppe Del Priore, MD, MPH, as the Company's Chief Medical Officer, CMO, effective today. Dr. Del Priore will oversee the clinical and regulatory aspects of BriaCell's current and upcoming clinical trials including the ongoing Phase I/IIa combination study of BriaCell's lead candidate, Bria-IMT, with Incyte's checkpoint inhibitors, retifanlimab and epacadostat in advanced breast cancer. Dr. Del Priore's prior work experience includes serving as a biotech Chief Medical Officer, a National Director at the Cancer Treatment Centers of America, plus faculty at Indiana University School of Medicine, Weill Cornell Medicine, and New York University School of Medicine.
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CAAP | Hot Stocks08:09 EST Corporacion America Airport reports January traffic up 78.6% - Corporacion America Airport reported a 78.6% increase in passenger traffic in January, and a 37% decline when compared to the same period of 2019. Reports January cargo volume up 22.8% vs. 2021. Reports toal aircraft movements up 25.1% vs. 2021.
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WBA | Hot Stocks08:09 EST Walgreens, VillageMD expand with locations in Florida - Walgreens Boots Alliance and VillageMD announced plans to open five new Village Medical at Walgreens coordinated primary care practices in the Jacksonville area through summer 2022, with the first opening on Feb. 15 at 105 Julington Plaza Drive. These openings represent expansion into the third major market in Florida, following Orlando and Tampa. "At Village Medical at Walgreens, we are simplifying healthcare for our patients by combining the primary care and pharmacy experience," said Lynn Cosentino, M.D., a local Village Medical physician. "Jacksonville residents, and particularly patients with chronic health conditions, will benefit from the collaboration between the primary care and pharmacy teams, which offers comprehensive care and ongoing support." Village Medical at Walgreens primary care practices in the Jacksonville area offer more than 3,000 square feet of state-of-the-art space for delivering comprehensive primary care services and will create more than 295 full-time jobs, including 100 STEM professionals, such as physicians, nurse practitioners, and medical assistants.1 Physicians and pharmacists are empowered to focus on providing patient care and achieving positive health outcomes.
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EJH | Hot Stocks08:09 EST E-Home Household enters metaverse with business transformation initiatives - E-Home Household Service Holdings announced that the Company will enter the metaverse space with digitalized business transformation initiatives. The Company plans to launch future online marketing campaign via the creation of metaverse brand ambassadors and to provide 24/7 customer service as well as training for household services personnel in the virtual world containing immersive experiences in on-demand training video, networking with customers and intelligent household services. E-Home will set up an artificial intelligence technology unit and form strategic collaborations with various AI technology partners to develop the Metaverse platform that bridges the digital and physical world to meet customers' demand in this new digitalized era.
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LLNW | Hot Stocks08:09 EST Limelight Networks says January was highest traffic month ever - Limelight Networks announced that January 2022 was its highest traffic month ever, breaking its previous record set in December 2021. The new record was driven by several of Limelight's largest clients choosing to increase the volumes of pre-planned and routine day-to-day traffic sent over its network, a trend that continues into the new year from the seasonally strong fourth quarter. Additionally, seven of Limelight's all-time top ten traffic days are in 2022.
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WSTG | Hot Stocks08:08 EST Datadobi awarded NCPA contract with Climb Channel Solutions - Datadobi announced NCPA members can now purchase Datadobi's software suite through the cooperative via its distribution partner Climb Channel Solutions. The partnership continues Datadobi's momentum in the U.S. federal sector, and comes after the company was awarded a position on Climb Channel Solutions' GSA IT 70 Contract and a listing on the federal government's list of SEWP vendors.
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HLIT | Hot Stocks08:07 EST Harmonic to provide Edge media processing solution for production of Olympics - NBC Sports has selected Harmonic to provide its Edge media processing solution for its production of the XXIV Olympic Winter Games, from Beijing, China, February 2-20, 2022. The announcement was made by Anil Abraham, Sr. Director Architecture & Engineering, NBCUniversal, and Shahar Bar, Senior Vice President, Video Products and Corporate Development, Harmonic.
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CTMX | Hot Stocks08:06 EST CytomX Therapeutics announces employment inducement grants - CytomX Therapeutics announced that on February 16, 2022, the Company granted nine new employees options to purchase a total of 189,400 shares of the Company's common stock at an exercise price per share equal to $4.08, which was the closing trading price on February 15, 2022, the date of the grant. The stock options were granted pursuant to the Company's 2019 Employment Inducement Incentive Plan, which was approved by the Company's board of directors in August 2020 under Rule 5635(c)(4) of The Nasdaq Global Market for equity grants to induce new employees to enter into employment with the Company.
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RMO | Hot Stocks08:06 EST Romeo Power in $350M standby equity line pact with Yorkville Advisors - Romeo Power announced that it has entered into a $350M common stock standby equity line purchase agreement with an affiliate of financing partner Yorkville Advisors. This equity purchase agreement comes after the Company announced last month that it had filed a Form S-3 to register new shares pursuant to Rule 415 under the Securities Act of 1933. The purchase agreement gives Romeo Power the right, but not the obligation, to sell up to $350M of common equity to an affiliate of Yorkville Advisors at the time of Romeo Power's choosing during the term of the agreement. Under the executed purchase agreement, Romeo Power has the option, but not the obligation, to issue and sell up to $350M in common equity at the time of Romeo Power's choosing during the term of the agreement, subject to certain limitations. New shares will be issued to the investor at a discounted price of 96.25% of the 3-day volume-weighted average price following notification by the Company to the investor to draw upon the facility The ELOC facility will continue for a term of two years Susan Brennan, Chief Executive Officer of Romeo Power, commented: "Over the last several months we have significantly advanced our strategic vision for Romeo Power, including the further enhancement of our industry-leading technology and intellectual property, a refreshed leadership team, and the start of our upcoming transition into our new state-of-the-art headquarters and manufacturing facility in Cypress, CA. This is a meaningful step forward for our company, our shareholders, and our broader stakeholders. We have now secured the financial optionality we need to support customers, advance our commercial development and reinforce our leading competitive position as we translate these strong attributes into commercialization, growth, and enhanced shareholder value."
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BTTX | Hot Stocks08:06 EST Better Therapeutics announces first patient enrolled in BT-001 study - Better Therapeutics announced the first patient has been enrolled in a real-world evidence study to evaluate the long-term effectiveness and healthcare utilization changes associated with the use of BT-001 for the treatment of type 2 diabetes. The open-label, randomized, controlled study is actively recruiting patients with type 2 diabetes from the University of Colorado Health System.
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HEOFF | Hot Stocks08:05 EST H2O Innovation says Piedmont secures 13 new orders worth $9.3M - H2O Innovation is pleased to announce that its Piedmont business line has secured 13 new orders for fiber glass reinforced cartridge filter housings, stainless steel duplex couplings, and PiPerLink permeate connectors, for a total of $9.3 M. The revenue from the new sales will be recognized partially in this fiscal year with the remainder coming in the Corporation's next fiscal year. Over the past two months, Piedmont has experienced record sales for its seawater desalination products. Many of the orders placed included a variety of products from Piedmont's FRP cartridge filter housings, cartridge elements, and flexible couplings product ranges. In a few cases, products from the Corporation's Specialty Chemicals Group were being sold to the same customer or the same desalination project. The current projects span the globe from Latin America to North Africa, the Middle East and Asia. Piedmont also concluded its first sales of the PiPerLink permeate connector, launched in November 2021.
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CLGN | Hot Stocks08:05 EST CELLINK, CollPlant enter collaboration agreement - CELLINK, a BICO Group company, and CollPlant Biotechnologies announced they have signed a collaboration agreement. Under this collaboration, CELLINK's high-throughput, multi-material extrusion bioprinter will be explored for the development of large-scale production of CollPlant's 3D bioprinted regenerative breast implants, addressing a current market size of $2.8B, with 2.2M procedures performed annually worldwide.
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CHH | Hot Stocks08:05 EST Choice Hotels sees continued growth in 2022 RevPar, adjusted EBITDA - For full-year 2022, Choice Hotels expects to drive continued growth in RevPAR and adjusted EBITDA, compared to full-year 2021, including incremental investments that are expected to accelerate long-term growth in 2023 and beyond. The company's domestic effective royalty rate is expected to increase in the mid-single digits for full-year 2022, as compared to full-year 2021.
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HZNP | Hot Stocks08:05 EST Horizon Therapeutics announces results from Uplizna analysis - Horizon Therapeutics announced results from a new analysis showing treatment with Uplizna effectively reduced the severity of attacks in people with NMOSD. These data are being presented at the 48th Annual Meeting of the North American Neuro-Ophthalmology Society. Uplizna is the first and only B-cell-depleting agent approved by the FDA for the treatment of NMOSD in adults who are anti-aquaporin-4 antibody positive. Of the 18 total attacks that occurred in the Uplizna treatment group during the RCP, 12 were minor and six were major, compared to 12 minor attacks and 10 major attacks among the 22 attacks occurring in the placebo group. Levels of the sGFAP biomarker were significantly higher during major attacks versus minor attacks overall and trended higher for optic neuritis, or ON, specific attacks. Concentration levels of the biomarker increased significantly from baseline at the time of attacks in those receiving placebo but not in those treated with Uplizna. SNfL levels were higher for major versus minor attacks overall, though the levels did not correlate with the severity of ON attacks. In participants that had attacks during the RCP, rates of this marker were higher among placebo versus Uplizna-treated participants at Week 26.
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XNET | Hot Stocks08:04 EST Xunlei launches enterprise NFT service platform - Xunlei announced that the company has launched a blockchain based enterprise digital NFT service platform, aiming to help enterprises and organizations achieve on-chain their digital assets. The platform provides a full service of NFT design, minting, showcasing, management, etc. The NFTs minted on Xunlei's ThunderChain are identified by the ThunderChain technology, and are permanently preserved in the ThunderChain with unique serial numbers on the chain through the deployment of intelligent contract technology. In addition to images, the platform also supports different types of digital content, such as in-game items, audio and video clips, collectibles, and event tickets. "I'm very pleased to announce Xunlei is entering the nascent NFT space to explore its great potential, and we will continue to create value for our partners and customers in this emerging market," says Mr. Jinbo Li, Chairman and CEO of Xunlei Limited.
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BYRN | Hot Stocks08:03 EST Byrna Technologies to commence $30M share repurchase program - Byrna Technologies announced that its Board of Directors has authorized the commencement of purchases of its common stock pursuant to the $30M Repurchase Program announced in early December. To date, no stock has been repurchased because the company has been in a standard blackout period in advance of its earnings release late last week. Bryan Ganz, President and CEO of Byrna, commented, "The Board's approval of the Repurchase Program launch reflects the confidence that the Board and management have in Byrna's operating fundamentals, business opportunities, and growth prospects."
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AMTX | Hot Stocks08:02 EST Aemetis India to acquire site for biodiesel, SAF feedstock refining facility - Aemetis announced that the Universal Biofuels subsidiary of Aemetis in Kakinada, India has agreed to acquire a site to construct a tallow oil refining facility. The refining facility is designed to supply feedstock to the existing Aemetis 50M gallon per year biodiesel plant located on the East Coast of India and provide future feedstock supply to the Aemetis 90M gallon sustainable aviation fuel, SAF, and renewable diesel, RD, plant being built in Riverbank, California. "Our circular bioeconomy of renewable and carbon-negative fuels facilities includes our Kakinada biodiesel facility in India, which provides Aemetis unique global access to low carbon intensity, non-edible, renewable waste oils for the production of sustainable aviation fuel, renewable diesel and biodiesel," stated Eric McAfee, the Chairman and CEO of Aemetis. "Expanding our India operation to produce refined oil feedstock to supply Aemetis production plants in India and California demonstrates our commitment to fighting global climate change, improving air quality and creating jobs in disadvantaged communities worldwide." In addition to the feedstock pretreatment unit already operational at the Aemetis biodiesel plant in Kakinada, the new feedstock refining facility will expand the range of feedstocks that can be used for biodiesel, SAF and RD production to include crude tallow oil.
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FLGC | Hot Stocks07:49 EST Flora Growth signs agreement with Artos to sell cannabis flower to Israel - Flora Growth announced that the company has signed an agreement with Artos to sell approximately 3,600 kg of dried high-THC cannabis flower to Israel from its Cosechemos cultivation facility. Through this agreement, Flora Growth seeks to establish a partnership with the Artos team to expand their offering of cannabis products for the Israeli market to also include oils and, when regulations permit, finished THC and CBD consumer products. The export of the high-THC product is pending the dried-flower checklist from the Colombian government from the 2021 update to the cannabis law.
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CRL | Hot Stocks07:47 EST Charles River 'confident' in ability to achieve FY24 financial targets - Charles River is confident in its ability to achieve FY24 financial targets, including ~150 bps operating margin expansion from FY21 level.
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FRFHF FFXDF | Hot Stocks07:47 EST Fairfax Financial acquires additional Fairfax India shares - airfax Financial Holdings (FRFHF) announces that it has acquired, through its subsidiaries, an aggregate of 5,416,000 subordinate voting shares of Fairfax India Holdings Corporation (FFXDF), representing 4.93% of the issued and outstanding Subordinate Voting Shares of Fairfax India, from two existing shareholders at a price of $12.00 per Subordinate Voting Share for an aggregate purchase price of approximately $64.9M. Prior to the Share Purchase, Fairfax beneficially owned, and/or exercised control or direction over, 23,030,285 Subordinate Voting Shares, representing 20.97% of Fairfax India's issued and outstanding Subordinate Voting Shares, and 30,000,000 multiple voting shares of Fairfax India, representing 100% of the issued and outstanding Multiple Voting Shares. Fairfax's aggregate ownership, control and/or direction of the Subordinate Voting Shares and Multiple Voting Shares before giving effect to the Share Purchase represented a 37.92% equity interest and a 94.61% voting interest in Fairfax India. After giving effect to the Share Purchase, Fairfax now beneficially owns, and/or exercises control or direction over, 28,446,285 Subordinate Voting Shares, representing 25.90% of Fairfax India's issued and outstanding Subordinate Voting Shares, and 30,000,000 Multiple Voting Shares, representing 100% of the issued and outstanding Multiple Voting Shares. Fairfax's aggregate ownership, control and direction of the Subordinate Voting Shares and Multiple Voting Shares following completion of the Share Purchase represents a 41.80% equity interest and a 94.94% voting interest in Fairfax India.
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CRL | Hot Stocks07:45 EST Charles River sees C> portfolio generating nearly 15% of total revenue in 2022 - Comments taken from Q4 earnings conference call presentation slides.
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PLYM | Hot Stocks07:45 EST Plymouth Industrial REIT boosts dividend 4.8% to 22c per share - Plymouth Industrial REIT announced that its board of directors has declared a 4.8% increase in the Company's regular quarterly cash dividend to 22c per share of common stock, effective for the first quarter of 2022. The dividend, which equates to an annualized rate of 88c per common share, is payable on April 29 to stockholders of record as of the close of business on March 31. Jeff Witherell, Chairman and Chief Executive Officer of Plymouth, noted, "The continued growth in our portfolio, as evidenced by the previously announced strong fourth quarter leasing, acquisition and capital markets activity, enabled us to increase our quarterly dividend for the second straight year."
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CRL | Hot Stocks07:43 EST Charles River: 1Q22 DSA revenue growth expected to improve from 4Q21
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VMC | Hot Stocks07:42 EST Vulcan Materials CFO Suzanne Wood to retire, Mary Andrews Carlisle to succeed - Vulcan Materials announced that Suzanne Wood has decided to retire as Senior Vice President and CFO effective September 1. Wood will then remain with the company in a consulting capacity until the end of the year. The Board of Directors has appointed Mary Andrews Carlisle, Vice President - Finance, as Wood's successor, effective September 1. Carlisle has served Vulcan in roles of increasing responsibility in multiple divisions as well as in corporate finance groups and business development since 2006. Additionally, Vulcan announced today that Darren Hicks, who is currently Vulcan's Vice President - Human Resources, has been appointed to the newly-created role of Senior Vice President and Chief Human Resources Officer, effective March 1.
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CRL | Hot Stocks07:41 EST Charles River sees 'moderate' operating margin improvement in 2022 - The company says the rate will moderate from the past 2 years as it continues to make investments needed to support growth, principally related to staffing. The 53rd week in 2022 is also expected to be a ~20bps headwind, the company added.
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CYTK | Hot Stocks07:40 EST Cytokinetics, the AHA Bay Area announce three-year collaboration - Cytokinetics announced a three-year collaboration to accelerate education and awareness of heart disease. Within the collaboration, Cytokinetics will provide funding and support for several initiatives led by AHA Bay Area. In 2022, Cytokinetics will sponsor the Research Roundtable, a life-sciences industry fundraising event. Cytokinetics will also support several Bay Area Heart Walks by establishing an enhanced VIP area for patients and caregivers. Additionally, Cytokinetics will support the development of three new patient videos in the AHA series. "Partnering with the AHA Bay Area helps us fulfill our responsibility of supporting those in our community, and there's no better time to announce this collaboration than during Heart Month," said Robert Blum, President and Chief Executive Officer of Cytokinetics. "Heart disease is the leading cause of death in the U.S., and for many diseases such as heart failure, the prevalence is only increasing. As we remain dedicated to our mission to address unmet needs in diseases like heart failure and hypertrophic cardiomyopathy, it remains a top priority to elevate attention of heart disease, and we look forward to continuing to work together with the AHA Bay Area to advance their goals and initiatives."
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CRL | Hot Stocks07:40 EST Charles River sees C> portfolio generating nearly 15% of total revenue in 2022 - Comments taken from Q4 earnings conference call presentation slides.
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VERX | Hot Stocks07:40 EST Vertex Indirect Tax Chain Flow Accelerator certified by SAP - Vertex announced that its Vertex Indirect Tax Chain Flow Accelerator is certified by SAP for integration with SAP S/4HANA. The integration enables customers to achieve fully automated and consistent value added tax treatment with their SAP S/4HANA software.
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MINM | Hot Stocks07:39 EST Minim, Link enter partnership to expand Wi-Fi to subscribers in Indonesia - Minim announces their partnership with PT Link Net Tbk, one of the leading cable TV and fixed broadband internet providers in Indonesia with the brand "First Media", as part of their ongoing activity as a participant in the TIP OpenWiFi initiative. This new relationship will bring Minim's TIP OpenWiFi-driven routers and mesh systems and its mobile app deployed to Link Net subscribers throughout the country. Featuring new OpenWiFi support on varied hardware, Minim will help enable the expansion of residential broadband to areas of the country that were previously challenging for local ISPs to service. Leveraging the Minim platform, Link Net will be able to address barriers to service expansion, including high support costs due to on-site technician visits and customer retention associated with connectivity and hardware performance issues. "We're proud to have the opportunity to work together with Link Net on expanding broadband connectivity throughout Indonesia," said Minim CEO Gray Chynoweth. "This partnership represents Minim's first deployment in the country on our mission to make Wi-Fi safe and supportive for everyone."
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MTA | Hot Stocks07:39 EST Monarch obtains $1M from Metalla following Baufor agreement amendment - MONARCH MINING CORPORATION announced the signing of an amendment to the agreement regarding the 1% net smelter return royalty on gold production from the Beaufor Mine owned by Metalla Royalty & Streaming. In consideration for a $1M cash payment to Monarch, the clause stipulating that the Royalty will be exempt until 100,000 ounces of gold have been produced following Monarch's acquisition of Beaufor will be removed, making the agreement effective immediately for both parties. Concurrently, the Corporation also closed its transaction announced on February 7, 2022 with Triple Flag Precious Metals.
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VMAR | Hot Stocks07:37 EST Vision Marine Technologies expansion plans for rental operations into Florida - Vision Marine Technologies announces an anticipated expansion plan of its high margin, profitable and rapidly growing electric rental boat operation into Dania Beach, Florida. The new location will be located at the new development called Waves at Dania Beach, Florida. Vision Marine has entered into a lease agreement with the developers of Waves at Dania Beach which secured office and slip space for twenty-five electric boats. The new rental operation will be in the prime southeast coast of Florida, which highlights the largest regional boating market in the United States. The development will be centered around Waves at Dania Beach's two tower mixed-use project, which will feature two large fifteen story towers. The towers will offer both multifamily residential and commercial units. Each tower will feature 380 residential units, 19,700 square feet of ground floor commercial space, and two floors of parking for residents and visitors for a combined total of nearly 1,400 spots.
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ICNAF | Hot Stocks07:37 EST Icanic Brands announces issuance of cease trade order - Icanic Brands Company is announcing that it has been issued a Cease Trade Order by the British Columbia Securities Commission under National Policy 11-207. On November 30, 2021, the Company announced that, for reasons disclosed below, there would be a delay in the filing of its financial statements and accompanying management's discussion and analysis for the fiscal year ended July 31, 2021 beyond the period prescribed under applicable Canadian securities laws. In addition, the delay in the annual statements has resulted in the interim financial statements and accompanying management discussion and analysis for the three-month period ended October 31, 2021, being delayed beyond the period prescribed. The Company previously announced that the British Columbia Securities Commission had granted a further extension of the Management Cease Trade Order through February 11, 2022. As previously announced, the Company has been delayed in completing its audited financial statements as a result of Covid-19 related delays in obtaining information with respect to subsidiaries acquired during the current and prior year, as well as a change in auditors from the previous fiscal year. The previous acquisitions and auditor change has required certain expert reports and an increase in the overall scope of the audit, both of which have caused the delay in the Annual Filings. The Company is actively and expeditiously working with its auditors to file the Annual Filings, at which point the Company will seek to have the CTO revoked and trading reinstated on the CSE. The Company also confirms, as of the date of this news release, that there is no other material information concerning the affairs of the Company that has not been generally disclosed. The Company is also pleased to report that it has been diligently working towards closing the acquisition of LEEF Holdings, Inc., as previously announced on January 25, 2022. Closing of the Acquisition is subject to shareholder and regulatory approvals and several closing conditions, including the filing of Icanic's Annual Filings and the removal of the CTO.
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HUN | Hot Stocks07:37 EST Huntsman sees Q1 adjusted EBITDA at $350M-$360M - Sees FY22 Capex around $300M. Comments taken from investor presentation slides. Reference Link
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WING | Hot Stocks07:36 EST Wingstop reaffirms 3- to 5-year domestic SSS growth in mid-single digits
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WMT NEPT | Hot Stocks07:35 EST Sprout Organics to launch in Walmart nationwide - Sprout Organics launches a co-branded product line with "CoComelon," across North America. The partnership, the first of its kind, features kiddos' favorite loveable characters, J.J., YoYo, TomTom, and more. As one of the most popular kids' entertainment properties of the streaming age, "CoComelon" captivates kids across the globe and Sprout will now bring that fun to mealtime with a sampling of veggie-packed purees and wholesome snacks made with real, organic ingredients. Sprout Organics will also launch in Walmart nationwide with Sprout Organics x CoComelon products available on Walmart.com by early March and rolling out to close to 900 Walmart stores in April. The initial product offering across Walmart will include 5 SKUs, featuring Blueberry & Apple Wafflez and Berry Grape Smoothie Pouch available exclusively at Walmart, along with the new Yes, Yes Veggies and Apple, Oatmeal, Raisin & Cinnamon Pouches and Broccoli Curlz.
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MNDJF | Hot Stocks07:35 EST Mandalay Resources provides 2021 mineral reserves for Costerfield, Bjorkdal - Mandalay Resources Corporation is pleased to announce updated Mineral Resources and Reserves estimates for its Costerfield gold-antimony mine in Victoria, Australia and its Bjorkdal gold mine in Skellefteundefined, Sweden as at December 31, 2021. Highlights: Costerfield: Proven and Probable Mineral Reserves for contained gold increased by 24%, net of depletion for 2021 production; and Extended mine life by two years to 2027, net of depletion for 2021 production. Bjorkdal: Maintains long mine life until 2030; Improved geological understanding allowing for upgrade to higher confidence Measured Resources and Proven Reserves; and Increase to Measured and Indicated gold Resources of 59,000 oz net of yearly depletion. Dominic Duffy, President and CEO of Mandalay, commented: "Mandalay's exploration efforts in 2021 yielded significant success. We made major additions of Mineral Reserves at Costerfield through the successful discovery of the Shepherd zone below the Youle deposit, and discovered significantly higher gold grades to the east at depth at Bjorkdal. As 2021 year-end, Mandalay's total Proven and Probable Mineral Reserves totaled 854,000 ounces of gold and 19,600 tonnes of antimony, compared to 799,000 ounces of gold and 21,800 tonnes of antimony at 2020 year-end. These Mineral Reserves were added at an exploration cost of $30.79 per gold equivalent ounce; further evidence of the cost effectiveness and sustainability of our exploration programs. To date, five continuous high-grade veins have been discovered within Shepherd and it is expected to be an area of substantial Mineral Resources and Reserves growth over the coming years. During the 10 months from discovery to data cut-off in 2021, Shepherd has already added 296,000 tonnes of ore at a grade of 12.4 g/t gold and 1.0% antimony into Mineral Reserves. This significant contribution in a short timespan highlights the richness of the Costerfield mineral system. Currently, the Shepherd veins are open and will be the focus of ongoing exploration efforts at Costerfield. At Bjorkdal, due to its current long mine life of approximately nine years, the exploration focus was not on Mineral Reserve addition, but on identifying areas that could potentially add higher-grade mine feed. This program was extremely successful with the discovery of the high-grade zones to the east at depth of the Main and Central zones. Most of the significant results for this area were recovered after the data cut-off point for this Mineral Resources and Reserves update, hence the success of this program and the significant potential in upgrading the overall grades will be better reflected in the following years and will be a continued exploration focus at Bjorkdal during 2022. Looking forward into 2022, alongside the continuation of growth projects around Shepherd and the Eastern Extension projects, Mandalay is advancing several highly prospective areas at both properties. At Bjorkdal, exploration continues north of the Aurora orebody as well as the commencement of surface drilling on regional Bjorkdal style and multi-element targets. At Costerfield, the potential of further Youle and Shepherd style targets will continue to be explored in parallel with renewed efforts on satellite deposits within 2 km of the mining activities."
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THTX | Hot Stocks07:33 EST Theratechnologies present results from Trogarzo IV push administration study - Theratechnologies announced the presentation of positive results from the Phase 3 study evaluating an intravenous push method of administration of Trogarzo for the treatment of human immunodeficiency virus type 1. The results, presented as a poster at the Conference on Retroviruses and Opportunistic Infections held virtually February 12-16, 2022, demonstrated that there was no significant difference in pharmacokinetics between IV Push and IV Infusion of Trogarzo. Key data and conclusions from the poster include: he Phase 3 study met the primary endpoint with a 90% confidence interval of the ratio of IV Push to IV Infusion, within the target value of 0.80-1.25; The proportion of subjects with mean trough serum drug concentration equal or exceeding the target concentration was 18/19 for both forms of administration; No serious adverse events were observed, and only one treatment-related adverse event was observed. All AEs were considered mild to moderate. Additionally, there were no clinically significant differences in the occurrence of AEs during IV Infusion or IV Push; and Two secondary endpoints were also achieved, demonstrating no difference in HIV-1 viral load due to the change from IV Infusion to IV Push and no detection of anti-Trogarzo antibodies. Poster Presentation Details: Presentation Title: IV Push Administration of Ibalizumab: Pharmacokinetics, Safety and Efficacy: The TMB-302 Phase 3 study, conducted by the Company's partner, TaiMed Biologics, evaluated the safety and comparability of the current Trogarzo IV Infusion mode of administration with a more convenient IV Push form of administration that can be infused within 30 seconds without dilution compared to the 15-minute infusion time of the original IV Infusion. The Company submitted a supplemental Biologics License Application to the U.S. Food and Drug Administration based on these results in December 2021. We are pleased to announce that the FDA has accepted our filing and has provided a target action date of October 3, 2022 in accordance with the Prescription Drug User Fee Act.
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IFRX | Hot Stocks07:33 EST InflaRx reports progress in ongoing Phase II trial with vilobelimab - InflaRx announced the start of the second dosing cohort of the vilobelimab and PD-1 checkpoint inhibitor, pembrolizumab, combination arm of the Phase II clinical trial in cutaneous squamous cell carcinoma, cSCC. The Phase II trial is ongoing at sites in Europe, the U.S. and elsewhere. The study is investigating two independent arms: vilobelimab alone and vilobelimab in combination with pembrolizumab. The main objectives of the trial are to assess the safety and antitumor activity of vilobelimab monotherapy and to determine the maximum tolerated or recommended dose, safety and antitumor activity in the combination arm. In the combination Arm B, three patients have been treated for at least 36 days in the first dosing cohort of the study. The data from the first 36 days of treatment have been reviewed by the Steering Committee and no safety concerns were raised. The Steering Committee recommended to continue the study as planned. The interim analysis in Arm B required to move to the second stage of the Phase II trial is expected after ten patients have been treated and are evaluable for response assessment at the recommended Phase II dose level. These data are expected to be available in the first quarter of 2023. In parallel, enrollment continues in the monotherapy Arm A. The interim analysis in Arm A required to proceed to the second stage is expected to be available after ten patients are evaluable for response assessment. These data are expected to be available in the third quarter of 2022.
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NFYEF | Hot Stocks07:27 EST Rhode Island's RIPTA orders 14 buses, charging infrastructure from NFI - NFI Group announced that its subsidiary New Flyer of America has received a new contract from the Rhode Island Public Transit Authority for 14 battery-electric, zero-emission Xcelsior CHARGE forty-foot heavy-duty transit buses. The order includes five ABB 50kWh depot chargers from NFI Infrastructure Solutions to support battery-electric bus deployment in the Rhode Island region. Based in Providence, RIPTA provides public transportation in the State of Rhode Island and delivers over 11.25 million annual bus rides on 55 bus routes.
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PSN | Hot Stocks07:26 EST Parsons awarded contract to continue managing Faro Mine remediation - Parsons Corporation announced that the company has been awarded a contract to provide main construction management and care & maintenance services at Faro Mine in Faro, Yukon, Canada. Once the world's largest open pit lead-zinc mine, the Faro Mine Remediation Project is one of the largest and most complex abandoned mine clean-up projects in Canada. Parsons' contract could span over 20 years and exceed $2B. Parsons has supported the Government of Canada, Yukon Government, First Nations, and the Town of Faro in remediating the site since 2016. Under the contract, Parsons will provide site management services including overall occupational health and safety; environmental and geotechnical management; project management; construction management; and procurement services for the work that will be completed to implement the remediation plan. Parsons will also continue to be responsible for the care and maintenance of the site. A critical objective for the contract is development and successful implementation of a socio-economic strategy to bring economic benefits to the local First Nations communities of the Kaska Dena.
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SAGE BIIB | Hot Stocks07:22 EST Sage, Biogen say Phase 3 CORAL study of zuranolone for MDD met endpoints - Sage Therapeutics (SAGE), and Biogen (BIIB) announced the CORAL Study in people with major depressive disorder, MDD, met the trial objectives, demonstrating a rapid and statistically significant reduction in depressive symptoms at Day 3 and over the 2-week treatment period, achieving the primary and key secondary endpoints. This significance was demonstrated at the first measured time point, Day 3, with zuranolone 50 mg co-initiated with an open-label standard of care antidepressant as assessed by change from baseline in the 17-item Hamilton Rating Scale for Depression . The CORAL Study also met its key secondary endpoint, with zuranolone co-initiated with a standard of care ADT demonstrating a statistically significant improvement in depressive symptoms compared to ADT co-initiated with placebo, over the 2-week treatment period. Zuranolone was generally well-tolerated, and no new safety signals attributable to zuranolone were identified. In meeting its pre-defined objectives, the CORAL Study supports the potential of zuranolone, when co-initiated with standard of care, to accelerate the benefit of depression treatment compared to treatment with ADTs alone...."We believe the CORAL Study is clinically meaningful and with the addition of this data the LANDSCAPE program now demonstrates zuranolone has three potential real world uses for the treatment of MDD. The LANDSCAPE data support zuranolone as a monotherapy, and since many people in the previously completed studies were already on maintenance ADTs, we believe our data also support zuranolone as additive therapy. The CORAL Study further supports the use of zuranolone to accelerate the benefit of conventional ADTs in treating MDD with a well-tolerated safety profile," said Barry Greene, Chief Executive Officer at Sage. "Including the CORAL Study, zuranolone now has six positive clinical studies, and we remain on track to start the rolling submission for a New Drug Application in MDD early this year with completion targeted for the second half of 2022." "These positive results from the CORAL Study indicate that zuranolone co-initiated with standard of care may offer more rapid relief from depressive symptoms than current standard of care taken alone," said Priya Singhal, M.D., M.P.H., Head of Global Safety and Regulatory Sciences and Interim Head of R&D at Biogen. "Based on the collective results observed across the LANDSCAPE clinical development program, we believe that zuranolone has the potential to offer a new clinically meaningful treatment option for people with major depressive disorder."
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EQ | Hot Stocks07:20 EST Equillium acquires Bioniz Therapeutics, announced departure of CMO Dolca Thomas - Equillium announced that it has acquired Bioniz Therapeutics, a privately held clinical-stage biotechnology company. Bioniz developed its novel structured-domain peptides, including BNZ-1 and BNZ-2, entirely in-house from its proprietary product discovery platform. The Bioniz lead product candidates are multi-specific inhibitors of disease-driving, clinically validated cytokine targets aimed at addressing unmet needs across a range of immuno-inflammatory indications. Following the acquisition, Dolca Thomas, chief medical officer and executive vice president of research and development at Equillium, will be leaving the company. With the acquisition of Bioniz, Equillium obtained exclusive worldwide rights to all current and future Bioniz products. The transaction consideration is comprised of an all-stock upfront payment of 5,699,492 unregistered shares of common stock of Equillium issuable to Bioniz stockholders, which represents approximately 19.3% of Equillium's outstanding capital stock. Approximately 97% of the issued Equillium stock is subject to a standard six-month lock-up provision and thereafter will be released ratably each month over the following 6 months. Equillium is also obligated to pay Bioniz stockholders up to $57.5M in potential development milestone payments across three Bioniz clinical candidates beginning upon first U.S. marketing approval, and up to $250M in sales milestone payments based upon BNZ-1 achieving calendar year global net sales. Other than the aforementioned milestones, Equillium does not have any third-party obligations with respect to milestones or royalties related to the Bioniz products or platform. Equillium has sole discretion over the timing and extent of advancing clinical development of the Bioniz products. Bioniz was estimated to have modestly positive net working capital at closing.
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ESTE | Hot Stocks07:20 EST Earthstone Energy sees FY22 production 64,250-67,750 Boepd, 41% oil - Sees 2022 production guidance of 64,250-67,750 Boepd, ~41% oil, and $410M-$440M of capital expenditures to support a four-rig operated program. The company's 2022 capital budget of $410M-$440M assumes a four-rig program consisting of two rigs operating in the Midland Basin and two rigs operating in the Delaware Basin. This program is expected to result in the spudding of 60 gross / 47.6 net operated wells and bringing 58 gross / 48.3 net operated wells online and spudding 20 gross / 4.1 net non-operated wells and bringing 19 gross / 4.2 net non-operated wells online in 2022. Anticipates Q1 production 35-37 MBoepd, ~44% oil. Expects production to double to 70-74 MBoepd, ~41% oil, in Q2, with an assumed ~75 days of contribution from the pending Bighorn Acquisition that is targeted to close in mid-April. Sees production in the second half of 2022 approximately 76-80 MBoepd, ~41% oil, with the full impact of both acquisitions.
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ENTA | Hot Stocks07:18 EST Enanta doses 1st patient in study of EDP-235 protease inhibitor for Covid - Enanta Pharmaceuticals announced that it has dosed the first subject in its Phase 1 clinical trial of EDP-235, a coronavirus 3CL protease inhibitor specifically designed as a once-daily, oral treatment for COVID-19. "SARS-CoV-2 continues to infect millions of individuals worldwide and new variants are still emerging, highlighting the limitations of current therapies and vaccines for COVID-19. There remains an urgent need for highly potent, oral treatments designed specifically to treat and prevent COVID-19, and we believe that the profile of EDP-235 positions it to potentially be a best-in-class antiviral therapeutic," said Jay R. Luly Ph.D., President and Chief Executive Officer of Enanta Pharmaceuticals. "We are excited to reach this milestone and begin our EDP-235 clinical program, with the first subject being dosed in this Phase 1 study. Looking to the rest of the year, we plan to report data from this study in the second quarter of 2022 and, assuming positive findings, we expect to advance EDP-235 to the next stage of clinical development in the second half of 2022." ..Preclinical data show that EDP-235 potently blocks the replication of SARS-CoV-2 in multiple cellular models, including primary human airway epithelial cells where an EC90 of 33 nanomolar was observed, positioning EDP-235 among the most potent direct-acting antivirals currently in development for SARS-CoV-2 infection. Preclinical studies demonstrate that EDP-235 has good oral bioavailability without ritonavir boosting and favorable distribution into lung cells as well as other key target tissues, with expected once-daily human dosing. Importantly, in addition to SARS-CoV-2, EDP-235 has potent antiviral activity against other human coronaviruses, enabling the potential for a pan-coronavirus treatment, including possibly coronaviruses that may infect human populations in the future.
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EXR | Hot Stocks07:18 EST Extra Space Storage raises quarterly dividend 20% to $1.50 per share - Extra Space Storage announced that the company's board of directors has declared a quarterly dividend of $1.50 per share on the common stock of the company for the first quarter 2022. This represents a 20% increase over the previous quarter dividend, and a 50% increase over the first quarter 2021 dividend. The dividend is payable on March 31 to stockholders of record at the close of business on March 15.
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ALTR | Hot Stocks07:16 EST Altair Engineering acquires Cassini, terms not disclosed - Altair acquired Cassini, a next-generation cloud native technology for Industry 4.0. With the acquisition, Altair deepens its expertise and strengthens its ability to offer digital thread solutions via the Altair One cloud platform. Cassini is based in Hyderabad, India.
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PHRRF | Hot Stocks07:15 EST PharmaTher announces grant of U.S. patent on ketamine formulation - PharmaTher is pleased to announce that the United States Patent and Trademark Office granted to the Company U.S. Patent No. 11,213,495, titled "Method and Composition for Decreasing the Psychotomimetic Side Effect and Addictive Disorder of Ketamine." The patent refers to the combination formulation of FDA-approved ketamine and betaine anhydrous, which has been shown in research to enhance the antidepressant effect while potentially reducing the known negative side effects of ketamine significantly. The granted patent strengthens the Company's global patent portfolio. It provides for broad potential of KETABET for uses in various mental health, neurological and pain disorders, and novel delivery forms, including the Company's patented hydrogel-forming microneedle patch delivery system. In addition, granted patents of KETABET are issued in Japan and Taiwan. The Company expects to convert the current patent applications in Europe, Canada, Israel and China into granted patents. Patent protection is expected to expire in 2036. The granted patents and published studies further validate the potential of KETABET and support the Company's ongoing investigator-led observational studies evaluating the impact of betaine on the unwanted ketamine side effects seen post ketamine treatment for subjects with either depression or pain. Based on the outcome from the ongoing studies, the Company will advance the KETABET program with its microneedle patch technology in Phase 2 clinical studies.
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MIST | Hot Stocks07:14 EST Milestone Pharmaceuticals names David Bharucha as Chief Medical Officer - Milestone Pharmaceuticals announced the appointment of David Bharucha, M.D., Ph.D., as Chief Medical Officer, effective February 15. Dr. Bharucha is a cardiac electrophysiologist who brings to Milestone over thirty years of global drug development and clinical experience across a range of therapeutic areas, with a focus on cardiovascular medicine. He will replace Francis Plat, M.D., who will transition to Chief Scientific Officer of the company and, following the completion of the Phase 3 RAPID trial in the second half of 2022, will serve in an advisory capacity.
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LVO | Hot Stocks07:13 EST LiveOne signs licensing, distribution deal with 17LIVE - LiveOne announced a licensing and distribution deal with 17LIVE, a global live streaming platform that caters to over 55M users worldwide. Under the new deal, 17LIVE will distribute LiveOne's original series titled Plus One. The live dating show, developed, cast, and produced by LiveOne, is set for season one order of eight episodes and will be available to be seen by audiences in the U.S. Tuesdays and Thursdays beginning February 17, 2022 through March 15, 2022 at 7:00 pm PT/10:00 pm ET.
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WBS | Hot Stocks07:12 EST Webster Financial to acquire Bend Financial, terms not disclosed - Webster Financial announced that it has signed a definitive agreement to acquire Bend Financial, a cloud-based platform solution provider for health savings accounts. Bend's client-facing experience utilizes cloud native technology and user-centered design to offer a simplified and modern approach to HSA management and engagement. Terms of the transaction were not disclosed. The transaction is expected to be completed promptly in the first quarter.
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COWN | Hot Stocks07:10 EST Cowen Group increases quarterly dividend 20% to 12c per share - Cowen Group increased the quarterly cash dividend payable on its common stock from 10c to 12c per common share. The dividend will be payable on March 15 to stockholders of record on March 1.
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KHC | Hot Stocks07:09 EST Kraft Heinz sees FY22 organic net sales up low-single-digit percentage - The company said, "The Company expects to deliver strong financial performance in 2022. The Company currently expects a low-single-digit percentage increase in 2022 Organic Net Sales(4) versus the prior year period, reflecting continued stronger consumption versus pre-pandemic levels. Adjusted EBITDA(4) is expected to be in the range of $5.8 billion to $6.0 billion, reflecting a 53rd week in 2022, the impact of divestitures versus the prior year, strong Organic Net Sales as well as the Company's ongoing efforts to manage inflationary pressures as it continues to invest in long-term growth."
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ADI | Hot Stocks07:08 EST Analog Devices declares 10% increase in dividend to 76c per share - The ADI Board of Directors has declared a quarterly cash dividend of $0.76 per outstanding share of common stock. The dividend will be paid on March 8, 2022 to all shareholders of record at the close of business on February 25, 2022.
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BBIG | Hot Stocks07:08 EST Vinco Ventures completes acquisition of AdRizer - Vinco Ventures announced it has completed the previously announced acquisition of AdRizer for consideration consisting of $38M in cash paid at closing and up to 10M shares of common stock of Vinco issuable on January 1, 2024. ZVV Media Partners, a joint venture of Vinco and Zash Global Media and Entertainment, ZASH, and ZASH assigned their rights to acquire AdRizer to Vinco in connection with the transaction. As a result of the acquisition, AdRizer is now a wholly-owned subsidiary of Vinco. Ken Bond, the founder and CEO of AdRizer, will continue as CEO of AdRizer under a three-year employment agreement with AdRizer. "With the AdRizer acquisition complete, we are now focused on deploying AdRizer's technology platform to monetize the content creation and streaming capabilities of the Lomotif short form video app through digital advertising," said Lisa King, CEO of Vinco.
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SHOP | Hot Stocks07:06 EST Shopify sees FY22 CapEx $200M
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SHOP | Hot Stocks07:05 EST Shopify sees y/y revenue growth lowest in 1Q22, highest in Q4 - The company said: "We do not expect the COVID-triggered acceleration of ecommerce in the first half of 2021 from lockdowns and government stimulus to repeat in the first half of 2022. Second, our new terms with apps and theme developers cause two differences from last year's first quarter: the elimination of Shopify's rev share on partners' first million dollars of revenue annually reset on January 1st, and the shift from gross to net revenue recognition for the sale of themes as a result of revised contract terms with our theme partners. Since these terms didn't come into play until the second half of last year, these will be a headwind to Subscriptions Solutions revenue in the first half of 2022, particularly in the first quarter. And third, we expect certain commercial initiatives and sales and marketing investments will gain momentum over the course of 2022." Sees FY22 Subscriptions Solutions revenue growth to be driven by more merchants around the world joining the platform than in 2021. Sees FY22 Merchant Solutions revenue growth to be more than twice the rate of subscription solutions revenue growth year-over-year.
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SHOP | Hot Stocks07:04 EST Shopify reports Q4 GMV $54.1B, up 31% y/y - GMV for the fourth quarter was $54.1 billion, an increase of $12.9 billion or 31% over the fourth quarter of 2020. Gross Payments Volume grew to $27.7 billion, which accounted for 51% of GMV processed in the quarter, versus $19.1 billion, or 46%, for the fourth quarter of 2020. Subscription Solutions revenue was $351.2 million, up 26% year over year, primarily due to more merchants joining the platform. Merchant Solutions revenue was $1,028.8 million, up 47% year over year.
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CRGY | Hot Stocks07:01 EST Crescent Energy acquires oil assets in Uinta Basin - Crescent Energy has entered into a definitive purchase agreement with Verdun Oil Company II to acquire Uinta Basin assets previously owned by EP Energy for $815M, subject to customary purchase price adjustments. The all-cash transaction, expected to close in the first half of 2022, will be funded through the company's revolving credit facility and cash on hand. The acquisition is expected to generate ~55% accretion to annualized cash flow per share and ~30% accretion to annualized free cash flow per share, increase annualized Adjusted EBITDAX by $400M-$465M at $75/Bbl pricing, ~85% of which is from existing production and current drilled but uncompleted wells; a multi-year inventory of high value, oil-weighted development opportunities; planning to operate two rigs on the assets in 2022 post-closing, increases the company's percent operated to ~70% based on 2022 expected production. The transaction will be funded with borrowings under Crescent's revolving credit facility and cash on hand. The company's current liquidity pro forma for the elected commitment amount increase is $1.1B. Crescent is acquiring over 400 producing vertical and horizontal wells. The transaction will provide Crescent with more than 145,000 contiguous net acres greater than 85% held-by-production, primarily located in Duchesne and Uintah counties, Utah. The capital associated with this program is expected to be $225M-$275M and Crescent's revised 2022 capital budget is expected to be $600M-$700M.
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NUS | Hot Stocks07:01 EST Nu Skin raises quarterly dividend to 38.5c per share - Nu Skin announced its board of directors has increased the quarterly cash dividend to 38.5c per share, which will be paid on March 9 to shareholders of record on February 28.
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BMY | Hot Stocks07:00 EST Bristol-Myers: Phase 3 VALOR-HCM trial met primary endpoint - Bristol Myers Squibb announced that VALOR-HCM, the Phase 3 randomized, double-blind, placebo-controlled study evaluating mavacamten in adults with symptomatic obstructive hypertrophic cardiomyopathy who are eligible for septal reduction therapy, met its primary endpoint at Week 16. The safety of mavacamten was consistent with previous studies. "We are encouraged by the findings from this important study, which add to the growing body of clinical evidence that supports the promise of mavacamten for patients living with obstructive HCM," said Roland Chen, M.D., Senior Vice President, Cardiovascular Development at Bristol Myers Squibb. "We look forward to sharing the results from VALOR-HCM at the American College of Cardiology 71st Annual Scientific Session & Expo taking place in April." The company plans to share these data with regulatory authorities. Bristol Myers Squibb thanks the patients and investigators participating in the VALOR-HCM clinical trial.
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SAH | Hot Stocks07:00 EST Sonic Automotive sees RFJ Auto acquisition adding $3.2B in annual revenue - In December 2021, the company completed the acquisition of RFJ Auto. This acquisition represents one of the largest transactions in automotive retail history and is expected to propel Sonic Automotive into the top-five largest dealer groups in the U.S. With 33 locations in seven states and a portfolio of 16 automotive brands, the acquisition of RFJ Auto adds six incremental states to Sonic's geographic coverage and five additional brands to its portfolio, including the highest volume Chrysler Dodge Jeep RAM dealer in the world in Dave Smith Motors. In addition to further expanding and diversifying Sonic's business, the transaction is expected to add $3.2B in annual revenues, which are incremental to the company's previously stated target of $25B in total revenues by 2025.
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SAH | Hot Stocks06:57 EST Sonic Automotive raises quarterly dividend 108% to 25c per share - Sonic's Board of Directors approved a quarterly cash dividend of 25c per share payable on April 14 to all stockholders of record on March 15, raising the quarterly dividend by 108%, from 12c per share.
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MRK | Hot Stocks06:45 EST Merck announces new leadership for Human Health business - Merck announced new leadership for its Human Health business. Arpa Garay will lead Human Health Global Marketing, Jannie Oosthuizen will lead Human Health U.S., and Merck is recruiting externally to fill the Human Health International role. In the interim, Deepak Khanna will lead Human Health International. These three positions will sit on the Executive Team and report directly to Robert M. Davis, chief executive officer and president, Merck. These appointments will be effective Feb. 28.
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WAB | Hot Stocks06:32 EST Wabtec raises quarterly dividend 25%, announces $750M share buyback - Wabtec Board of Directors reauthorized a share buyback program up to $750M and declared a 25% increase in the regular quarterly common dividend to 5c payable on February 28 to holders of record on February 25.
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FB | Hot Stocks06:17 EST Meta CEO Mark Zuckerberg announces changes to company's core values - Meta CEO Mark Zuckerberg said in a Facebook post: "Now is the right time to update our values and our cultural operating system. I've always believed that in order for values to be useful, they need to be ideas that good companies can reasonably disagree with or emphasize differently. By working at Meta, we commit to applying these values to our work every day. I think these values capture how we must act as a company to bring our vision to life. Move Fast helps us to build and learn faster than anyone else. This means acting with urgency and not waiting until next week to do something you could do today. Focus on Long-Term Impact emphasizes long-term thinking and encourages us to extend the timeline for the impact we have, rather than optimizing for near-term wins. Build Awesome Things pushes us to ship things that are not just good, but also awe-inspiring. We've already built products that are useful to billions of people, but in our next chapter we'll focus more on inspiring people as well. Live in the Future guides us to build the future of distributed work that we want, where opportunity isn't limited by geography. Be Direct and Respect Your Colleagues is about creating a culture where we are straightforward and willing to have hard conversations with each other. Meta, Metamates, Me is about being good stewards of our company and mission." Reference Link
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OC | Hot Stocks06:16 EST Owens Corning sees FY22 capital additions $480M - Sees FY22 effective tax rate on adjusted earnings 25%-27%.
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AZN | Hot Stocks06:15 EST AstraZeneca's Saphnelo approved in E.U. for SLE treatment - The company states: "AstraZeneca's Saphnelo, or anifrolumab, has been approved in the European Union as an add-on therapy for the treatment of adult patients with moderate to severe, active autoantibody-positive systemic lupus erythematosus, or SLE, despite receiving standard therapy. Saphnelo is the first biologic for SLE approved in Europe with an indication that is not restricted to patients with a high degree of disease activity. SLE is a serious and complex autoimmune condition that can affect any organ, and patients often experience inadequate disease control, long-term organ damage and poor health-related quality of life. There are approximately 250,000 people with SLE in Europe, and most are women who are diagnosed between the ages of 15 and 45. The approval by the European Commission was based on results from the Saphnelo clinical development programme, including the TULIP Phase III trials and the MUSE Phase II trial.5-7 Across clinical trials, more patients treated with Saphnelo experienced a reduction in overall disease activity across organ systems and achieved sustained reduction in oral corticosteroid use compared to placebo. Minimising OCS use while reducing disease activity is an important treatment goal in SLE to reduce the risk of organ damage. The approval follows the recommendation by the Committee for Medicinal Products for Human Use of the European Medicines Agency in December 2021."Reference Link
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SMWB | Hot Stocks06:13 EST Similarweb to add mobile market data from App Annie into new product module - Similarweb announced a data licensing alliance with App Annie, a mobile data and analytics company. Under the agreement, Similarweb will license a set of App Annie's mobile application market data for incorporation into a new product module in Similarweb's product suite. The new product module will include essential mobile app metrics from App Annie, such as monthly active users, installed base, sessions, and more. Companies will be able to purchase web and mobile app market estimates from a single vendor, enabling them to get a holistic view of digital activity. The new offering is expected to be available in Q2.
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BV | Hot Stocks06:11 EST BrightView acquires Winter Services - BrightView acquired Winter Services Inc., a snow and ice management company headquartered in Ringwood, N.J. Terms of the transaction were not disclosed. Winter Services employs 125 team members - 450 during peak snow season - and serves clients throughout New Jersey, lower New York, lower Connecticut, eastern Pennsylvania and Delaware.
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GBT | Hot Stocks06:09 EST Global Blood Therapeutics: EC grants marketing authorization for Oxbryta - Global Blood Therapeutics announced the European Commission has granted Marketing Authorization for Oxbryta for the treatment of hemolytic anemia due to sickle cell disease in adult and pediatric patients 12 years of age and older as monotherapy or in combination with hydroxycarbamide. Oxbryta, a once-daily, oral treatment, is the first medicine approved in Europe that directly inhibits sickle hemoglobin polymerization, the molecular basis of sickling and destruction of red blood cells in SCD.
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CRNT | Hot Stocks06:08 EST Ceragon Networks awarded multi-million dollar contract from energy company - Ceragon Networks announced that it has been awarded a three year, multi-million dollar managed services contract from a multi-national energy company. In this project, Ceragon will deliver a fully managed, high bandwidth microwave connection to one of the world's largest oil production fields off the coast of West Africa.
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SITE | Hot Stocks06:08 EST SiteOne Landscape sees FY22 Adjusted EBITDA $430M-$450M - "While there is significant uncertainty associated with broad inflation and its effect on the U.S. economy in 2022, the current underlying trends for landscape maintenance, residential and commercial new construction, and residential repair and upgrade all remain positive," CEO Doug Black commented. "Additionally, we expect high product inflation to continue in the first half of 2022, moderating in the second half of the year. Taken together with our expectation to continue gaining market share, we would expect high single digit daily organic growth for the full year. We expect our gross margin to normalize this year without the substantial benefits that we saw in 2021 due to our strategic inventory purchases ahead of the rapid inflation. While we expect to mitigate some of this with SG&A leverage, we expect our overall Adjusted EBITDA margin to modestly decrease in 2022 but remain at a very healthy level as a foundation for further improvement in the years to come."
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LMPX | Hot Stocks06:06 EST LMP Automotive board approves immediate pursuit of strategic alternatives - LMP Automotive Holdings announced its board of directors approved an immediate pursuit of strategic alternatives including a sale of the company. Sam Tawfik, LMP's CEO, stated, "The company intends to terminate all of its pending acquisitions in accordance with the terms of their respective acquisition agreements, primarily due to the inability to secure financial commitments and close within the timeframes set forth in such agreements. The Board of Directors believes that LMP's current stock price does not reflect the company's fair value. Given the record M&A activity in our sector and multiples being paid for these transactions, LMP's Board of Directors has directed management to immediately pursue strategic alternatives, including a potential sale of the company."
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GOLD | Hot Stocks06:05 EST Barrick Gold announces $1B share repurchase plan - Barrick Gold announced that it plans to undertake a share repurchase program to allow for the buyback of some of its common shares. Barrick's board of directors has authorized a share repurchase program for the repurchase of up to $1B of the company's outstanding common shares over the next 12 months at prevailing market prices in accordance with applicable law.
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GOLD | Hot Stocks06:04 EST Barrick Gold increases quarterly dividend to10c per share - Barrick Gold announced the declaration of a dividend in respect of performance for Q4 and announced a new performance dividend policy to begin in 2022. Barrick's board of directors declared a dividend of 10c per share for Q4 of 2021 that will be paid on March 15 to shareholders of record at the close of business on February 28. This represents an increase of 11% on the previous base quarterly dividend of 9c9 per share.
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OC | Hot Stocks06:03 EST Owens Corning announces additional 10M share repurchase program - On February 14, Owens Corning's Board of Directors approved a share repurchase authorization for up to 10M shares of the company's common stock. This was in addition to its previously announced share buyback program which had 3.4M shares available for repurchase under the prior authorization as of the end of 2021.
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HLT | Hot Stocks06:02 EST Hilton sees FY22 net unit growth of 5%
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HLT | Hot Stocks06:02 EST Hilton reports Q4 system-wide comparable RevPAR increased 104.2% - System-wide comparable RevPAR increased 104.2 percent and 60.4 percent, on a currency neutral basis, for the fourth quarter and full year, respectively, from the same periods in 2020. System-wide comparable RevPAR was down 13.5 percent and 30.0 percent, on a currency neutral basis, for the fourth quarter and full year, respectively, compared to the same periods in 2019. Approved 26,000 new rooms for development during the fourth quarter, bringing Hilton's development pipeline to 408,000 rooms as of December 31, 2021.
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BNTX | Hot Stocks05:51 EST BioNTech introduces mRNA manufacturing facility for vaccine production in Africa - BioNTech has taken a next step to improve vaccine supply in Africa. The company has introduced its approach to establishing scalable vaccine production by developing and delivering turnkey mRNA manufacturing facilities based on a container solution. At a high-level meeting at BioNTech's new manufacturing facility in Marburg and at the invitation of kENUP Foundation, the company presented the container solution named "BioNTainer" to key partners. The manufacturing solution consists of one drug substance and one formulation module, each called a BioNTainer. Each module is built of six ISO sized containers. This allows for mRNA vaccine production in bulk, while fill-and-finish will be taken over by local partners. Each BioNTainer is a clean room which BioNTech equips with manufacturing solutions. Together, two modules require 800 sqm of space and offer an estimated initial capacity of for example up to 50M doses of the Pfizer-BioNTech COVID-19 vaccine each year. The BioNTainer will be equipped to manufacture a range of mRNA-based vaccines targeted to the needs of the African Union member states. The capacity can be scaled up by adding further modules and sites to the manufacturing network on the African continent. The establishment of the first mRNA manufacturing facility by BioNTech in the African Union is expected to start in mid-2022. The first BioNTainer is expected to arrive in Africa in the second half of 2022. Manufacturing in the first BioNTainer is planned to commence approximately 12 months after the delivery of the modules to its final location in Africa. BioNTech expects to ship BioNTainers to Rwanda, Senegal and potentially South Africa in close coordination with the respective country and the African Union. BioNTech will be responsible for the delivery and installation of the modules, while local organizations, authorities and governments will ensure the needed infrastructure. Partners in Ghana and South Africa could support the manufacturing with fill-and-finish capacities. BioNTech will work closely with local authorities to ensure compliance to relevant regulatory procedures of the national regulatory agencies in each partner country, and also coordinate where appropriate with relevant continental and international agencies. BioNTech will initially staff and operate the facilities to support the safe and rapid initiation of the production of mRNA-based vaccine doses under stringent good manufacturing processes to prepare for the transfer of know-how to local partners to enable independent operation. Vaccines manufactured in these facilities are expected to be dedicated to domestic use and export to other member states of the African Union at a not-for-profit price.
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ATXI | Hot Stocks05:47 EST Avenue Therapeutics announces FDA committees vote against IV tramadol - Avenue Therapeutics announced the outcome of the FDA joint meeting of the Anesthetic and Analgesic Drug Products Advisory Committee and the Drug Safety and Risk Management Advisory Committee on IV tramadol. In the final part of the public meeting, the advisory committee voted yes or no on the following question: "Has the Applicant submitted adequate information to support the position that the benefits of their product outweigh the risks for the management of acute pain severe enough to require an opioid analgesic in an inpatient setting?" The results are eight yes votes and 14 no votes. FDA Advisory Committees provide the FDA with independent advice and non-binding recommendations. The FDA has previously stated that input from an Advisory Committee is needed for the Office of New Drugs to reach a decision on Avenue's formal dispute resolution request and that the OND will respond to Avenue's FDRR within 30 calendar days after the Advisory Committee meeting.
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INCR | Hot Stocks05:44 EST InterCure to acquire Better for $35M in shares - InterCure announced it has signed a definitive agreement with Cann Pharmaceutical, an Israeli medical cannabis multi-national operator known as Better. Under the terms of the agreement, InterCure will acquire 100% of Better's shares, which includes Better's unique strains, cultivation site, intellectual property, and commercial operations in Israel as well it's international activities. The purchase price of $35M will be paid with InterCure shares at the valuation of $10 per share, which is the same share valuation that was used in connection with the SPAC and PIPE transaction in April 2021. The shares issued will be subject to a three-year lock-up plan. The acquisition is expected to close in beginning of Q3, subject to customary closing conditions as well as specific approvals of the Israel Medical Cannabis Agency, or IMCA, the Toronto Stock Exchange, or TSX, as well as the approval of the court in Israel. In addition, the acquisition is expected to create an immediate value creation opportunity with revenue synergies estimated at NIS 50M for the upcoming year. The transaction is expected to close in Q3, subject to customary closing conditions as well as specific approvals of the IMCA, the Toronto Stock Exchange as well as the approval of the court in Israel for the transaction.
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NVTA | Hot Stocks05:26 EST Invitae announces FusionPlex Dx, LiquidPlex Dx availability in Europe - Invitae announced the availability of FusionPlex Dx and LiquidPlex Dx in Europe, part of its Anchored Multiplex PCR chemistry in-vitro diagnostic products.
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GOTU | Hot Stocks05:22 EST Gaotu Techedu sees adverse impact from Beijing updated regulatory requirements - Gaotu Techedu provided business updates following Beijing local government's updated regulatory requirements that after-school tutoring services for senior high school students need to strictly follow the "Opinions on Further Alleviating the Burden of Homework and After-School Tutoring for Students in Compulsory Education" published in July 2021 by the General Office of the CPC Central Committee and the General Office of the State Council of the PRC. In compliance with the new regulation, the company will cease offering tutoring services related to academic subjects to students in senior high schools before the end of February. The company expects that the cessation will have a substantial adverse impact on the company's revenues for 2022 and subsequent periods. The company will turn its focus on its professional education service, vocational education service and digital products. The company is confident that it will see profitability and positive operating cash flow in as early as Q4. The company is committed to complying with all applicable PRC laws and regulations, including the new regulation. To this end, the company will continue to seek guidance from and cooperate with all relevant government authorities in China in connection with its efforts to comply with the policy directives of the new regulation. The company will further adjust its business operations as required and provide updates as appropriate.
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JNPR VOD | Hot Stocks05:19 EST Juniper collaborates with Vodafone, Parallel Wireless on multivendor RIC trial - Juniper (JNPR) announced that it is working with Vodafone (VOD) and Parallel Wireless conducting a multivendor RAN Intelligent Controller, or RIC, trial for tenant-aware admission control use cases. The trial, initially running in Vodafone's test labs in Turkey and with plans to move into its test infrastructure, supports O-RAN interfaces and addresses the business challenges faced by mobile operators around personalized user experience, viable revenue generation and reduction in both capex and opex for 4G and 5G services. The trial is based on an open, software-driven architecture that leverages virtualization to deliver more programmable, automated granular-by-user traffic management. The initial focus is on delivering tenant-aware admission control capability, enabling operators to personalize services and provide superior user experiences. The trial's design philosophy is focused on demonstrating the potential of enabling open, agile resource management and mobile data delivery in any software-driven RAN environment.
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FUN | Hot Stocks05:15 EST Cedar Fair anticipates challenging labor market for foreseeable future - "After successfully maneuvering through the most unpredictable environment in the Company's history, I have never been more confident in the team's ability to continue to successfully execute regardless of the challenges we face," said Zimmerman. "While we anticipate the labor market will remain challenging for the foreseeable future, the intelligent pricing and labor rate management strategies we activated position us to mitigate these headwinds and continue delivering unforgettable experiences for our guests. We are focused on continuing to advance our strategic initiatives in 2022, including investing more than $200 million in new attractions and entertainment offerings, as well as the completion of several resort renovation projects that were delayed over the last two years. With a strong balance sheet, we also maintain the flexibility to continue to expand our park offerings and develop new revenue centers, and technology enhancements, such as cashless parks, touch-free transactions, and labor management tools, all aimed at improving the guest experience and creating a more nimble, efficient, and cost-effective operating model. We are confident that we have a strong foundation for the future and are well positioned to deliver exceptional performance for our team, guests and unitholders in 2022."
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