Stockwinners Market Radar for March 15, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
HGEN | Hot Stocks19:48 EDT Humanigen Chief Scientific Officer buys $3M in common stock - In a regulatory filing, Humanigen disclosed that its Chief Scientific Officer Dale Chappell bought 1.0M shares of common stock on March 11th for $3.0M. Shares of Humanigen are up over 7% after-hours at $2.80.
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AGLE | Hot Stocks19:45 EDT Aeglea BioTherapeutics CEO buys $281K in common stock - In a regulatory filing, Aeglea BioTherapeutics disclosed that its CEO Anthony Quinn bought 145K shares of common stock on March 11th for $280.9K.
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WKHS | Hot Stocks19:44 EDT Workhorse Group director buys $169K in common stock - In a regulatory filing, Workhorse Group disclosed that its Director Stanley March bought 50K shares of common stock on March11th for $168.6K.
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FFIE | Hot Stocks19:31 EDT Faraday Future gets Nasdaq acceptance to regain listing - Faraday Future has accepted the Company's plan to regain compliance with Nasdaq Listing Rule 5250(c)(1), which permits the continued listing of FF common stock and warrants on the Nasdaq Global Select Market. Nasdaq has granted the Company an extension until May 6, 2022 to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021. The extension also covers the Company's Annual Report on Form 10-K for the year ended December 31, 2021.
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O | Hot Stocks18:46 EDT Realty Income raises quarterly dividend by 0.2% to 24.7c per share - The dividend is payable on April 15, 2022, to stockholders of record as of April 1, 2022.
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OXY | Hot Stocks18:34 EDT Occidental Petroleum director Poladian sells 20,000 common shares - In a regulatory filing, Occidental director Avedick Baruyr Poladian disclosed the sale of 20,000 common shares of the company on March 11 at a price of $57.23 per share.
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EFX | Hot Stocks18:31 EDT Equifax acquires Data-Credito; terms not disclosed - Equifax announced that it "continues to expand its international presence with the acquisition of Data-Credito, the largest consumer credit reporting agency in the Dominican Republic. By bringing the power of the Equifax Cloud to credit reporting and scoring in the Dominican Republic, Equifax will enable financial institutions to gain new insights into consumers' financial profiles as part of the lending process, helping them to responsibly open up new mainstream financial services opportunities to underbanked individuals."
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WMT | Hot Stocks18:15 EDT Walmart exec McKenna sells 15,000 common shares - In a regulatory filing, Walmart executive vice president Judith McKenna disclosed the sale of 15,000 common shares of the company on March 11 at a price o $142.6648 per share.
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PFE BNTX | Hot Stocks18:01 EDT Pfizer, BioNTech submit FDA application for EUA of additional booster dose - Pfizer (PFE) and BioNTech (BNTX) announced the companies have submitted an application to the U.S. Food and Drug Administration for Emergency Use Authorization of an additional booster dose adults 65 years of age and older who have received an initial booster of any of the authorized or approved COVID-19 vaccines. The submission is based on two real-world data sets from Israel analyzed at a time when the Omicron variant was widely circulating. Both data sets showed evidence that an additional mRNA booster increases immunogenicity and lowers rates of confirmed infections and severe illness.
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HES | Hot Stocks17:52 EDT Hess Corp. COO sells $7.2M in common stock - In a regulatory filing, Hess Corp disclosed that its COO Gregory Hill sold 101.6K shares of common stock for $7.23M following option expiry on March 14th.
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MGRC | Hot Stocks17:49 EDT McGrath RentCorp exec Hawkins sells 10,862 common shares - In a regulatory filing, McGrath RentCorp senior VP, mobile modular division, Philip Hawkins disclosed the sale of 10,862 common shares of the company on March 11 at a price of $83.4158 per share.
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BFLY | Hot Stocks17:13 EDT Butterfly Network director Larry Robins buys $2.25M in common stock - In a regulatory filing, Butterfly Network disclosed that its director Larry Robins bought 500K shares of common stock on March 15th in a total transaction size of $2.25M.
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CIXX | Hot Stocks17:02 EDT CI Financial reports preliminary AUM of C$145.4B as of February 28 - CI Financial Corp. reported preliminary assets under management as at February 28, 2022 of C$145.4B and wealth management assets of C$224.7B, for total assets of C$370.2B.
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CBIO BIIB | Hot Stocks17:02 EDT Catalyst Biosciences regains full rights to CB 2782-PEG - Catalyst Biosciences (CBIO) announced that the company has regained full rights to CB 2782-PEG, a C3-degrader for the treatment of dry AMD, or dAMD. Under the terms of the agreement, Biogen (BII) has returned the rights for further development on CB 2782-PEG and has ended the collaboration on other potential AMD treatments.
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CIXX | Hot Stocks17:02 EDT CI Financial reports preliminary AUM of $145.4B as of February 28 - CI Financial Corp. reported preliminary assets under management as at February 28, 2022 of $145.4B and wealth management assets of $224.7B, for total assets of $370.2B.
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HRI | Hot Stocks16:45 EDT Herc Holdings to acquire Cloverdale Equipment Company - Herc Holdings announced that it has entered a purchase agreement to acquire Cloverdale Equipment Company. The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in the second quarter of 2022. Cloverdale is a full-service general equipment rental company comprising approximately 120 employees and four locations serving construction and industrial customers with core operations in the metropolitan areas of Detroit and Grand Rapids, MI; Cleveland, OH; and Pittsburgh, PA. Terms were not disclosed.
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LOTZ | Hot Stocks16:37 EDT CarLotz is not reporting outlook due to change in leadership - Given the change in leadership announced, the Company is not providing 2022 financial guidance. Qualitatively, as an update regarding Q1 2022 trends, retail units sold and GPU will be challenged versus Q4 2021. Factors Affecting FY22: For 2022, the Company is pausing its real estate growth plans, with the exception of one hub underway, to reduce the utilization of cash until the sourcing environment improves. The Company plans to reduce SG&A in some areas including corporate support for hub expansion and hub-level staffing. The Company plans to reduce its cost of sales by consolidating some of its processing centers until inventory volume justifies their reopening.
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PRTS | Hot Stocks16:33 EDT CarParts.com CEO Lev Peker to step down, David Meniane to succeed - CarParts.com announced effective April 18, COO & CFO, David Meniane will transition to CEO and SVP of finance, Ryan Lockwood will become CFO. Lev Peker will step down as CEO and director, effective as of close of business on April 15, to pursue other business opportunities. The company has also appointed Meniane as a Class III director to fill the resulting vacancy from Peker's departure from the board.
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ELY | Hot Stocks16:32 EDT Callaway Golf CEO buys $345K in common stock - In a regulatory filing, Callaway Golf disclosed that its CEO Oliver Brewer bought 16K shares of common stock on March 14th in a total transaction size of $344.8K.
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IOVA | Hot Stocks16:31 EDT Iovance Biotherapeutics announces FDA allows IOV-4001 IND to proceed - Iovance Biotherapeutics announced that the FDA has allowed an investigational new drug application, or IND, to proceed for its first genetically modified TIL therapy, IOV-4001, for the treatment of unresectable or metastatic melanoma and stage III or IV NSCLC.
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DNLI | Hot Stocks16:31 EDT Denali Therapeutics names Alexander Schuth chief operating, financial officer - Denali Therapeutics announced that Steve Krognes will transition from his role as Chief Financial Officer and join the company's Board of Directors on May 1, 2022. Denali's Chief Operating Officer Alexander Schuth, M.D., will add the Chief Financial Officer role to his current responsibilities, becoming Denali's Chief Operating and Financial Officer. "We are deeply grateful for Steve's major impact at Denali over his six years as Denali's CFO and look forward to continuing our close strategic interactions with Steve as a member of our Board of Directors," said Ryan Watts, Ph.D., Denali's Chief Executive Officer. "We are excited to see Alex's role expand at Denali as he takes on the combined position of Chief Operating and Financial Officer. As co-founder, Alex has contributed to Denali's strategy and progress as a key leader across many functions, including business development, portfolio management, and legal, and will now bring his financial experience to leading our finance team as well."
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SFT SFTBY | Hot Stocks16:28 EDT Shift acquires Fair's dealer listing marketplace tech, SoftBank provides funding - Shift (SFT) has entered a definitive agreement to acquire certain assets of Fair Technologies for a combination of cash and shares of Shift's Class A common stock. Concurrently, Shift entered into a commitment letter with SoftBank Group (SFTBY), whereby SoftBank Group has agreed to purchase senior unsecured notes due in 2025, which will be used to fund the acquisition. "Shift and Fair share the same goal: to simplify the used vehicle purchasing process and empower customers through the entire lifecycle of car ownership," said George Arison, Shift's Co-founder and CEO. "At Shift, we've long envisioned building a digital marketplace where both dealers and independent sellers can list their cars alongside Shift's owned inventory, offering customers access to a greater selection of owned and third-party vehicles for a test drive or direct purchase - with all transactions fulfilled through Shift's proprietary logistics network." The acquisition of Fair's team and technology is expected to result in notable product synergies and significantly advance Shift's technology roadmap...The closing of the Fair acquisition and the purchase of notes are each subject to customary closing conditions. The transactions are expected to close in the second quarter of 2022.
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CAL | Hot Stocks16:24 EDT Caleres board authorizes incremental 7M share buyback - The company's Board of Directors "recently authorized an incremental 7M shares to its opportunistic share repurchase program. With this increase, the company has 9M shares of Caleres common stock remaining for purchase under the program."
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TLIS | Hot Stocks16:24 EDT Talis Biomedical reports manufacturing challenges amid 25% workforce reduction - Talis has not started its phased launch of the Talis One COVID-19 Test System due to challenges with manufacturing. The company has engaged in a manufacturing review process to determine appropriate next steps and undertaken initiatives to align resources and preserve cash. Talis leadership has engaged in a manufacturing review process, with involvement from the board of directors, and external consultants, to assess product design for manufacturing at scale, evaluate current processes and partners, and to determine appropriate next steps and timing for bringing the Talis One system to market. The company is undertaking an approximately 25% reduction in workforce and implementing additional cost measures to align resources and extend cash runway. Doug Liu will be stepping down as COO and is transitioning his manufacturing and R&D responsibilities over the next several weeks.
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NWPX | Hot Stocks16:23 EDT Northwest Pipe says sufficient credit to support operations for at least a year - As of December 31, 2021, the company had $86.8M of outstanding revolving loan borrowings, $1.6M of outstanding letters of credit, and additional borrowing capacity of approximately $37M. The company expects to have sufficient credit available to support its operations for at least the next twelve months with near-term repayment of outstanding debt remaining a high priority.
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SPOT | Hot Stocks16:19 EDT Spotify, FC Barcelona form long-term partnership - Spotify and Spanish soccer club FC Barcelona announced a long-term partnership, which officially kicks off in July 2022, where Spotify will become the Main Partner of the Club and the Official Audio Streaming Partner. "Our brand will appear on the front of both men's and women's team shirts and training shirts beginning in the 2022-2023 season," Spotify said. "Spotify and FC Barcelona will work together to create opportunities for the iconic shirt to be a space that celebrates artists from across the world. Spotify will also become Title Partner of the Stadium with the historic Camp Nou stadium rebranded Spotify Camp Nou." The partnership plans are subject to the ratification of the Barcelona Members Assembly, which will take place in early April. Reference Link
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UNVR | Hot Stocks16:17 EDT Univar signs distribution agreement with Particle Dynamics - Univar Solutions expanded its specialty ingredient portfolio in the U.S. and Canada through a distribution agreement with Particle Dynamics, an integrated solution provider serving pharmaceutical and nutraceutical customers in the global health care market. Together, the companies will work to leverage innovative technologies, quality functional ingredients for solid dosage forms, and deep knowledge in the pharmaceutical and nutraceutical industries. Under the agreement, Univar Solutions will offer its customers across the U.S: and Canada with Particle Dynamics' compressible calcium and magnesium carbonates and microencapsulated vitamins and minerals. These specialty ingredients are used to produce solid dose prescription, over the counter drugs and nutraceutical supplements.
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IAA | Hot Stocks16:16 EDT IAA to continue 'constructive dialogue' with Ancora - IAA, Inc. issued the following statement regarding the letter it received from Ancora Advisors: "The IAA Board of Directors and management team are committed to enhancing value for our shareholders. IAA has built a differentiated platform with digital capabilities and strong customer relationships, and we are focused on driving growth and expanding our long-term profitability in a dynamic market environment. Our Board regularly evaluates our business and strategy, welcomes open communications with shareholders and is receptive to input that furthers the Company's goal of enhancing value for our shareholders. The Company looks forward to continuing a constructive dialogue with Ancora and the Board will continue to take actions that are in the best interests of the Company and all of its shareholders."
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BANC | Hot Stocks16:13 EDT Banc of California announces $75M stock buyback - The repurchase authorization expires in March 2023. Purchases may be made in open-market transactions, in block transactions on or off an exchange, in privately negotiated transactions or by other means as determined by the Company's management.
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MAXN | Hot Stocks16:06 EDT Maxeon Solar announces 315MW order from Cypress Creek Renewables - Maxeon Solar Technologies announced that Cypress Creek Renewables, or CCR, placed a multi-year order for approximately 315 megawatts, or MW, of Maxeon's high-efficiency shingled bifacial Performance line solar modules. CCR has agreed to procure up to 315MW of Performance line modules to power multiple solar projects in both Washington and Texas. This new order follows an earlier purchase by CCR of 48MW of Maxeon's Performance line modules.
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LAWS | Hot Stocks16:06 EDT Lawson Products announces stockholder approval of merger agreements - Lawson Products announced that, at a special meeting of Lawson stockholders held on March 15, 2022, Lawson's stockholders approved, among other things, the merger agreements pursuant to which Lawson has agreed to combine with TestEquity and Gexpro Services, which are portfolio companies of LKCM Headwater Investments, in all-stock transactions as previously announced by Lawson. This approval satisfies the stockholder approval closing condition under each of the merger agreements.
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CAAP | Hot Stocks16:03 EDT Corporacion America Airport reports February traffic up 109% y/y - Corporacion America Airports reported a 109.0% y/y increase in passenger traffic in February 2022, reaching 65.0% of pre-pandemic levels of February 2019. When compared to February 2019, overall passenger traffic declined 35.0%, improving from the 37.0% decline posted in January. International and domestic passenger traffic improved sequentially reaching 51.9% and 74.0% of pre-pandemic levels of February 2019, respectively.
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BCOR | Hot Stocks16:02 EDT Engine Capital withdraws nomination of candidates for election to Blucora - Engine Capital "announced that it has withdrawn its nomination of candidates for election to Blucora, Inc.'s Board of Directors at the upcoming Annual Meeting of Shareholders. Engine believes the recent appointments of cybersecurity expert Kanayalal A. Kotecha and former investment banker J. Richard Leaman III represent a step in the right direction, especially given our publicly articulated concerns about the Company's strategy and corporate structure. While Engine is disappointed with the Board's yearslong resistance to adding a shareholder representative with financial expertise, we are hopeful that the addition of Mr. Leaman III as a director will help address Blucora's failed "synergy-focused" strategy, excessive corporate overhead and sustained underperformance. Given his experience, we expect Mr. Leaman III will quickly identify that Blucora trades at a significant discount to the sum-of-the-parts and recognize the need to consider steps to close the valuation gap. Given our extensive engagement with leadership and these subsequent changes at Blucora, Engine will give the reconstituted Board ten months to address long-standing issues and unlock value for shareholders. Engine intends to continue engaging with the Board and absent enhanced value creation in 2022, we may seek meaningful change at Blucora's 2023 Annual Meeting of Shareholders."
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VRTV | Hot Stocks16:01 EDT Veritiv promotes Susan Salyer to General Counsel and Corporate Secretary - Veritiv announced that Susan Salyer, Veritiv's Senior Vice President and Chief Compliance and Sustainability Officer, will be promoted to General Counsel and Corporate Secretary, effective June 1. Salyer will succeed Mark Hianik, current Senior Vice President, General Counsel and Corporate Secretary, who announced plans to retire from Veritiv. In her expanded role, Salyer will be responsible for Veritiv's Legal and Corporate Security teams as well as her current Compliance and Sustainability oversight function. Susan joined Veritiv in 2012 and has held a variety of Legal and Compliance positions including Assistant General Counsel and Chief Compliance Officer. Salyer spearheaded Veritiv's 2020 Corporate Social Responsibility Report and led the establishment of the company's Sustainability Working Group. She is also responsible for leading Veritiv's Diversity, Equity and Inclusion initiative and serves as the Executive Sponsor for the Women's Employee Resource Group.
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VTRS | Hot Stocks15:46 EDT FDA approves first generic of Symbicort - The U.S. Food and Drug Administration announced it has approved the first generic of Symbicort Inhalation Aerosol for the treatment of two common pulmonary health conditions: asthma in patients six years of age and older; and the maintenance treatment of airflow obstruction and reducing exacerbations for patients with chronic obstructive pulmonary disease, or COPD, including chronic bronchitis and/or emphysema. This complex generic drug-device combination product, which is a metered-dose inhaler, should not be used to treat acute asthma attacks, the FDA stated. The FDA granted approval of this generic budesonide and formoterol fumarate dihydrate inhalation aerosol to Mylan Pharmaceuticals, a unit of Viatris. Reference Link
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SPAQ... | Hot Stocks15:14 EDT Spartan Acquisition Corp. III, Allego expect to complete deal on March 16 - Spartan Acquisition Corp. III (SPAQ) announced that it plans to complete its business combination with Allego Holding B.V., a pan-European electric vehicle charging network, on Wednesday, March 16. In connection with the completion of the business combination, Allego N.V.'s ordinary shares and warrants are expected to commence trading on the New York Stock Exchange on Thursday, March 17, under the ticker symbols "ALLG" and "ALLG.WS," respectively. "We look forward to closing our business combination with Allego tomorrow and are very pleased to bring them public on the New York Stock Exchange to continue advancing EV charging across Europe," said Geoffrey Strong, Chairman and CEO of Spartan and Senior Partner and Co-Lead of Infrastructure and Natural Resources at Apollo. Spartan is sponsored by Spartan Acquisition Sponsor III LLC, which is owned by a private investment fund managed by an affiliate of Apollo Global Management (APO).
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GLP | Hot Stocks14:36 EDT Global Partners names Sean Geary chief legal officer - Global Partners LP announced that Sean T. Geary was appointed by the Board of Directors of the Partnership's general partner, Global GP LLC, to serve as Chief Legal Officer effective March 1, 2022. Geary has been a leader at Global Partners for the past 16 years, progressing into roles of increasing responsibility. Eric Slifka, President and CEO of Global Partners and Vice Chairman of Global GP LLC, said, "Over the past 16 years I've had the privilege to work with Sean and witness his growth. Sean's leadership has been fundamental to our acquisition and growth strategy. Sean is known for his unrelenting work ethic, pragmatic approach, and his ability to assemble teams to negotiate and close deals. We undertook a rigorous search for this position, and Sean's skills, experience, and level demeanor rose to the top."
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BIG | Hot Stocks14:28 EDT Big Lots up 16% after Mill Road discloses 5% stake, pushes for sale - Shares of Big Lots are up $5.11, or 16%, to $37.10 in afternoon trading after Mill Road Capital disclosed a 5.1% stake in the company and urged it to "engage a financial advisor and pursue a sale process."
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BIG | Hot Stocks14:26 EDT Mill Road Capital urges Big Lots to pursue sale process - In a regulatory filing, Mill Road Capital reported that it acquired beneficial ownership of an aggregate of 1,462,851 shares of Big Lots common stock for $29,402,530.35 using working capital from the fund and the proceeds of margin loans under margin loan facilities maintained in the ordinary course of business by the fund with a broker on customary terms and conditions. Mill Road, which holds a 5.1% stake in Big Lots, said in a regulatory filing: "On March 15, 2022, the Management Company issued a letter to the shareholders of [Big Lots] expressing praise for the [company's] management team and its successful implementation of a strategic plan, and encouraging the [company's] board of directors to engage a financial advisor and pursue a sale process. The Management Company believes a sale process could maximize value for the [company's] shareholders at an assumed purchase price of $55-$70 per share, which represents a premium of 72%-119% over the closing price of the common stock on March 14, 2022 of $31.99."
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ASTR | Hot Stocks13:57 EDT Astra confirms successful deployment of satellites on Astra-1 mission - Astra tweeted: "We can confirm the successful deployment of the satellites on Spaceflight's Astra-1 mission today. We are grateful to our partner @SpaceflightInc and incredibly proud of this mission success." Reference Link
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MSFT AAPL | Hot Stocks13:53 EDT Microsoft adds performance improvements to Xbox Cloud Gaming on iOS devices - Microsoft (MSFT) said in a blog post that it is brought major performance improvements to Xbox Cloud Gaming on all support iPhone (AAPL) and iPad devices. "With these updates, you should have a smoother and more responsive gameplay experience," the company said. Reference Link
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POET | Hot Stocks13:38 EDT Poet Technologies says critical development activities 'absorbed by Singapore' - Poet Technologies reported that as a response to the temporary lockdown resulting from a COVID-19 outbreak in Shenzhen, critical development activities have been absorbed by Singapore and other locations. "Over the past two years, we have established redundancy for critical activities in Singapore, Shenzhen and Allentown, Pennsylvania, both to accelerate development and to cope with COVID-19 lockdowns. On Sunday, March 13, 2022, our operation in Shenzhen, China was notified that it would be shut down until at least March 20, 2022, due to a COVID-19 outbreak in that city. We promptly tasked both Singapore and our joint venture, Super Photonics Xiamen, with the task of continuing to build samples for customers. Because we have been well-prepared for such a contingency, we do not believe this temporary lockdown will have any effect on our planned delivery schedule to customers, prospective customers or business partners," reported Dr. Suresh Venkatesan, CEO of Poet Technologies.
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NFLX | Hot Stocks13:29 EDT Netflix to produce five new series and specials based on works of Dr. Seuss - Netflix and Dr. Seuss Enterprises announced they will bring "some of the most iconic and beloved stories and characters of Dr. Seuss to life" with five new animated preschool series and specials. "Executive Producer Dustin Ferrer will serve as showrunner across all five, and additional showrunners will be revealed in the coming weeks. The announcement expands the partnership between Netflix and Dr. Seuss Enterprises even further, following the launch of the critically acclaimed animated series Green Eggs and Ham in 2019, which will have its anticipated second season premiere April 8, 2022," the partners stated. Reference Link
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AMZN | Hot Stocks13:29 EDT EU unconditionally approves Amazon acquisition of MGM - The European Commission has approved unconditionally the proposed acquisition of MGM Holdings by Amazon.com. The Commission concluded that the transaction would raise no competition concerns in the European Economic Area. "Based on its market investigation, the Commission found that the transaction, as notified, would not significantly reduce competition in the markets for (i) the production and supply of AV content, (ii) the wholesale supply of TV channels, (iii) the retail supply of AV services, (iv) the production and licensing of distribution rights to third-party distributors of films for theatrical release and (v) the provision of marketplace services. These markets are found to be likely national in scope," the agency said in a statement,
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GOOGL... | Hot Stocks13:11 EDT Google announces 'Google Domains' now out of beta - Lorenzo Baloci, Google (GOOGL) Domains Product Manager, stated in a blog post: Today, we're moving Google Domains out of beta and into general availability in 26 countries. With millions of active registrations, we know how valuable domain names are to customers, and we take seriously the responsibility to provide a service that's often at the very heart of a business, brand or passion. As we move out of beta, from now until April 15, we're offering new and returning users 20% off any single domain registration or transfer-in to Google Domains." Shares of GoDaddy (GDDY), which provides a domain name registration product and also offers shared Website hosting products, are down 2% to $76.66 in afternoon trading. Reference Link
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XYL | Hot Stocks12:31 EDT Xylem moving corporate headquarters to Washington, D.C. - Xylem announced that it will move its headquarters to Washington, D.C. Speaking about the relocation, Patrick Decker, president and CEO of Xylem, said, "Washington, D.C. is an important global crossroads for the diverse set of stakeholders who work together towards solving water challenges around the world. As a leading global water innovator, we know that the biggest water issues can only be addressed through collaboration. By locating our global headquarters here, we place ourselves right where the water sector is most engaged."
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ORCL | Hot Stocks12:17 EDT Oracle Cloud Infrastructure says expanding with 11 new services and capabilities - Earlier, Oracle Cloud Infrastructure announced it is expanding with 11 new compute, networking, and storage services and capabilities that "enable customers to run their workloads faster and more securely at lower costs." The Oracle unit stated in a press release: "New offerings provide customers with truly flexible core infrastructure services, automatically optimizing resources to match application requirements and significantly reduce costs. Leading global organizations including Vodafone, Samsung Securities, GoTo and Cox Automotive rely on OCI to run all types of workloads, from microservices to AI... With today's announcement, OCI is providing customers with even more simplicity and flexibility so that scaling can be affordable and easy without painstaking re-writes." The new OCI services and capabilities are planned for 2022, the company added.
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AXP | Hot Stocks12:07 EDT American Express reports February net write-off rate 0.9% vs. 0.7% last month - Reports February 30 days past due loans as a percent of total U.S. Consumer Card Member loans 0.8% vs. 0.8% last month.
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PFE | Hot Stocks12:02 EDT White House says must cancel COVID antibody treatment order without funding - The White House issued a fact sheet earlier that states in part: "As we enter a new moment in the pandemic, Congress has not provided us with the funding we need to continue the COVID-19 response and minimize the pandemic's impact to the Nation and our economy. With cases rising abroad, scientific and medical experts have been clear that in the next couple of months there could be increasing cases of COVID-19 here in the U.S as well. As the Administration has warned, failure to fund these efforts now will have severe consequences as we will not be equipped to deal with a future surge. Waiting to provide funding once we're in a surge will be too late... The federal government has no more funding for additional monoclonals, including a planned order for March 25. To date, the federal government has been able to provide these life-saving treatments free of charge to Americans and work with states to make sure they get to as many people as possible who need them. In order to keep these treatments free and available to the American people for as long as possible, the Administration will now have to stretch our current supply and, starting next week, will be forced to cut state allocations of our limited existing supply of life-saving monoclonal antibody treatments by more than 30%." Previously, in January, Pfizer had announced that the U.S. government had committed to purchasing an additional 10 million treatment courses of its COVID-19 oral therapy, PAXLOVID. This commitment was to supplement the 10 million treatment courses previously contracted by the U.S. Government, bringing the total amount of treatment courses to 20 million, Pfizer stated. Reference Link
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PBF | Hot Stocks12:00 EDT PBF Energy falls -12.9% - PBF Energy is down -12.9%, or -$2.95 to $19.93.
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IPI | Hot Stocks12:00 EDT Intrepid Potash falls -13.6% - Intrepid Potash is down -13.6%, or -$10.58 to $67.06.
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BPT | Hot Stocks12:00 EDT BP Prudhoe Bay falls -14.7% - BP Prudhoe Bay is down -14.7%, or -$1.51 to $8.76.
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CTV | Hot Stocks12:00 EDT Innovid rises 15.6% - Innovid is up 15.6%, or 86c to $6.36.
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SONX | Hot Stocks12:00 EDT Sonendo rises 17.1% - Sonendo is up 17.1%, or 58c to $3.98.
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BFLY | Hot Stocks12:00 EDT Butterfly Network rises 21.0% - Butterfly Network is up 21.0%, or 79c to $4.53.
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OBAS | Hot Stocks11:04 EDT Optibase sells three apartments, two penthouses in Florida for $8M - Optibase announced that between November 2021 and March 2022, the Company sold three apartments and two penthouses in Miami, Florida for a total consideration of approximately $8M. The consideration reflects an average price per square feet of $460 for the apartments and an average price per square feet of $990 for the penthouses. Following the last sale of the penthouse held on March 9, 2022, the Company fully repaid the loan granted as part of a financing agreement of the condominium units in Miami. The Company expects to record a combined gain on sale of operating properties in the Company's financial statements for the fourth quarter of 2021 and the first quarter of 2022 as a result of these sales in the amount of approximately $1.6M.
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RELL | Hot Stocks11:02 EDT Richardson Electronics receives patent for X-Ray tube insulator - Richardson Electronics announced the issuance of U.S. Patent No. 11,257,652. The '652 Patent is a result of Richardson's healthcare solutions for replacing X-ray tube components. Richardson's newly-patented solution provides a unique conductive coating to an X-ray tube insulator. The insulator is easier to manufacture, prevents component failure, and increases recyclability. The coating can be advantageously applied at a relatively low temperature that does not negatively impact sensitive portions of the insulator. The innovative solution also reduces waste, as the coating can be reapplied numerous times to the ceramic components. The '652 Patent is yet another confirmation of Richardson's desire for providing its customers with the latest technological advancements.
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DGLY IHRT | Hot Stocks11:01 EDT Digital Ally's TicketSmarter, iHeartMedia enter multi-year agreement - Digital Ally (DGLY) announced that TicketSmarter and iHeartMedia (IHRT) have entered into a multi-year agreement that includes national marketing campaigns, prominent website feature displays and sponsorship of national contests. The national contests will be powered by TicketSmarter and allow iHeartRadio listeners the opportunity to win trips and experiences.
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AAL | Hot Stocks10:49 EDT American Airlines now sees Q1 total revenue down 17% vs. 1Q19 - Based on its current forecast, the company said earlier in a regulatory filing that it now expects its first quarter 2022 total revenue to be down approximately 17% compared to the first quarter of 2019 versus the company's previous guidance of down approximately 20% to 22%. In recent weeks, the price of crude oil has risen significantly and as a result the company has experienced an increase in the price of jet fuel. Using the forward fuel curve as of March 10, 2022, the company now expects to pay an average of between $2.73 and $2.78 per gallon of total jet fuel in the first quarter. In addition, the company now expects its first quarter capacity to be down 10% to 12% compared to the first quarter 2019 versus the company's previous guidance of down 8% to 10%. First quarter total CASM excluding fuel and net special items is expected to be up approximately 11% to 13% versus the company's prior guidance of up approximately 8% to 10%. The improvement in revenue is expected to more than offset the increases in fuel and other expenses in the quarter. The company currently expects to end the first quarter with total available liquidity of above $15B, comprised of unrestricted cash and investments and undrawn capacity under revolving credit facilities.
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AAL | Hot Stocks10:47 EDT American Airlines: Not much lag between restrictions lifting, demand coming back
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AAL... | Hot Stocks10:46 EDT American Airlines CEO says he's buying other airline stocks - Chairman and CEO Doug Parker is speaking at the J.P Morgan 2022 Industrials Conference. Other publicly traded companies in the space include Alaska Air (ALK), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines (SAVE) and United Airlines (UAL).
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AAL | Hot Stocks10:45 EDT American Airlines CEO: Business travel coming back
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ALK... | Hot Stocks10:45 EDT American Airlines CEO says he's buying other airline stocks - Chairman and CEO Doug Parker is speaking at the J.P Morgan 2022 Industrials Conference. Other publicly traded companies in the space include Alaska Air (ALK), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines (SAVE) and United Airlines (UAL).
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DLTR | Hot Stocks10:39 EDT Dollar Tree receives grand jury subpoena over pests, sanitation - In a 10-K filing, Dollar Tree said, "On March 1, 2022, a federal grand jury subpoena was issued to us by the Eastern District of Arkansas requesting the production of information, documents and records pertaining to pests, sanitation and compliance with law regarding certain of our procedures and products. We intend to cooperate fully with the subpoena and any related investigation, however, no assurance can be given as to the timing or outcome of this matter."
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DQ | Hot Stocks10:28 EDT Daqo New Energy's Xinjiang Daqo proposes cash dividend plan for 2021 - Daqo New Energy Corp. earlier announced that its subsidiary Xinjiang Daqo's board of directors had approved its cash dividend plan for 2021 and proposed it to Xinjiang Daqo's annual shareholders' meeting for approval on April 7, 2022. For the year ended December 31, 2021, the net profit attributable to Xinjiang Daqo's shareholders was RMB 5,723,842,382. Xinjiang Daqo's board of directors has approved the plan to pay cash dividend to Xinjiang Daqo's shareholders -- including Daqo New Energy -- in the aggregate amount of RMB 1,155,000,000, which accounts for 20.18% of the net profit attributable to Xinjiang Daqo's shareholders in 2021. This plan still needs to be submitted to Xinjiang Daqo's annual shareholders meeting for approval on April 7, 2022. Daqo New Energy beneficially owns 80.7% of the equity interest in Xinjiang Daqo.
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FB | Hot Stocks10:26 EDT Meta fined EUR 17M by Ireland for 2018 data breaches - The Irish Data Protection Commission adopted a decision, imposing a fine of EUR 17M on Meta Platforms Ireland. The decision followed an inquiry by the DPC into a series of twelve data breach notifications it received in the six month period between June and December 2018. The DPC found that Meta "failed to have in place appropriate technical and organisational measures which would enable it to readily demonstrate the security measures that it implemented in practice to protect EU users' data, in the context of the twelve personal data breaches." Reference Link
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LHCG | Hot Stocks10:08 EDT LHC Group, Archbold Medical Center to form joint venture - Archbold Medical Center and LHC Group announced they have signed a definitive agreement to form a new joint venture and enhance home health services in Thomasville, Ga., and across the greater region. The joint venture will include two locations serving Thomas, Brooks, Grady, Colquitt, Mitchell, Decatur, and Seminole counties, expanding the LHC Group service area to five additional counties It is anticipated that the joint venture agreement will be finalized on May 1, subject to customary closing conditions, at which time LHC Group will purchase majority ownership and assume management responsibility. LHC Group expects incremental annualized revenue from this joint venture of approximately $5 million and that it will not materially affect its 2022 diluted earnings per share.
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CPTN | Hot Stocks10:05 EDT Cepton selected as exclusive lidar supplier of AutoDrive Challenge II - Cepton announced it has been selected as an official sponsor and exclusive lidar supplier for the prestigious AutoDrive Challenge II competition program. The AutoDrive Challenge II is a four-year STEM education program in which ten universities in North America each form a dedicated team of faculty members and students to develop an autonomous vehicle that can navigate urban driving courses as described by SAE Standard Level 4 automation. Through the extensive program syllabus and a series of challenges and competitions, participants will garner irreplaceable hands-on experience designing and developing AV systems, using a variety of technologies -- including sensors, computing platforms and software algorithms.
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AHKSY | Hot Stocks10:03 EDT Asahi Kasei forms strategic partnership with Genomatica - Asahi Kasei has formed a strategic partnership with Genomatica, Inc., regarding hexamethylenediamine based on biomass-derived raw material. Asahi Kasei currently uses fossil fuel-derived HMD as an intermediate to manufacture Leona polyamide 66 an engineering plastic featuring outstanding heat resistance and rigidity. Polyamide 66 is used for plastic parts in automotive and electronics applications, as well as yarn for airbag fabric. Demand for polyamide 66 is expected to increase worldwide. As the world moves toward carbon neutrality, attention is increasingly focused on solutions for reducing greenhouse gas emissions from chemical products derived from fossil fuels. The strategic alliance with Genomatica provides Asahi Kasei with preferential rights to access the early volume of bio-HMD to evaluate the possibility as a feedstock of polyamide 66, enabling Asahi Kasei to accelerate trials of polyamide 66 made using biomass-derived intermediate. Genomatica has an established track record of commercializing manufacturing technology for various chemical products using biotechnology. By using this bio-HMD with its own polyamide 66 polymerization technology, Asahi Kasei aims to support its goal to be first-to-market with more sustainable polyamide 66 made using biomass-derived intermediate for the automotive and electronics application of plastics components and industrial fiber.
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CWK | Hot Stocks10:02 EDT Cushman & Wakefield promotes Sal Companieh to chief digital information officer - Cushman & Wakefield announced Sal Companieh has been promoted to Chief Digital & Information Officer, effective immediately. As Chief Digital & Information Officer, Companieh will report to Cushman & Wakefield's Chief Financial Officer Neil Johnston and will provide solutions that improve operations, enhance client service and drive new business. She will continue to be based in Boston. Companieh joined the company in 2011 as Vice President, Global Applications, and since that time has held technology leadership positions across the business, most recently as co-CIO.
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IZEA | Hot Stocks10:02 EDT Izea enters Chinese market - Izea Worldwide announced that it has entered the Chinese market and is bringing its Managed Services offering to companies looking to access North American audiences. Izea's efforts, based in Beijing, will be led by industry veteran Zhifu Yan. Prior to joining Izea, Zhifu held roles of advancing leadership responsibility within gaming, marketing, and technology at Alibaba Group, Changyou, and most recently HomeToGo, the world's largest vacation rental search engine, where he served as China General Manager. He will be leveraging his prior experiences to further expand the company's international footprint as part of Izea's Emerging Markets strategic plan announced earlier this year under the helm of Ross Yellowlees.
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TBLA | Hot Stocks10:01 EDT Taboola announces renewed partnership with Insider - Taboola announced a renewed partnership with Insider, the global news and lifestyle publisher owned by Berlin-based Axel Springer. "The new three-year deal marks a decade-long brand partnership in which Taboola has provided audience recommendations to readers and viewers of Insider. Since 2015, Insider has leveraged Taboola Feed, a seamlessly integrated tool that provides Insider's audience with personalized content and targeted advertisements that generate both audience engagement and revenue for Insider. Since the partnership began, Insider has seen double-digit growth in both engagement of recirculated content and revenue," the company stated. Adam Singolda, CEO at Taboola, added: "To play a part in Insider's continued growth, while also becoming their longest-standing partner in our space, is a testament to the mutual trust and benefits we've developed. Our focus on technology innovation and delivering real value to Insider has been key to forging our 10-year partnership. I look forward to continuing to grow together with Insider and its team."
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SOL | Hot Stocks10:00 EDT ReneSola falls -7.9% - ReneSola is down -7.9%, or -44c to $5.12.
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PBF | Hot Stocks10:00 EDT PBF Energy falls -8.4% - PBF Energy is down -8.4%, or -$1.93 to $20.95.
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DQ | Hot Stocks10:00 EDT Daqo New Energy falls -9.1% - Daqo New Energy is down -9.1%, or -$3.28 to $32.65.
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DOCS | Hot Stocks10:00 EDT Doximity rises 9.3% - Doximity is up 9.3%, or $3.78 to $44.63.
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CANO | Hot Stocks10:00 EDT Cano Health rises 9.4% - Cano Health is up 9.4%, or 50c to $5.81.
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BFLY | Hot Stocks10:00 EDT Butterfly Network rises 9.6% - Butterfly Network is up 9.6%, or 36c to $4.10.
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IAA | Hot Stocks09:58 EDT Ancora urges IAA to replace CEO or run sale process - Ancora Holdings Group, which beneficially owns approximately 2% of IAA's outstanding common stock, sent a letter to the company's board which stated in part, "Given IAA's underperformance and the fact that the Company's market capitalization has plummeted by roughly 40% since reporting third quarter earnings in November 2021, the status quo cannot persist. We believe there are two strategic actions for the Board of Directors to consider at this point: 1. Replace Mr. Kett with a new CEO who is more dynamic and equipped to reinvigorate the organization. In our view, IAA needs a leader with a vision for achieving organic market share growth, improved margins and effective capital allocation. 2. If the Board is unwilling to act with urgency to improve leadership, it should run a formal sale process to sell the Company. " The activist added, "In light of IAA's attractive attributes and business model, we anticipate the Company would obtain a significant premium relative to its current share price if taken private by one of the many well-capitalized potential acquirers in the marketplace. We estimate a takeout price of $55 or more is achievable based on a trailing 12-month EBITDA of 15.5x and an analysis of peers' valuations and precedent transactions.2 At this point, a sale seems like the best risk-adjusted path forward for stockholders."
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TRQ RIO | Hot Stocks09:58 EDT SailingStone calls Rio Tinto bid for Turquoise Hill 'highly opportunistic' - SailingStone Capital Partners, a long-time owner of Turquoise Hill Resources (TRQ), has delivered a letter to the Turquoise Hill Independent Directors, which read, "We note with interest the recently announced cash bid from Rio Tinto (RIO) to acquire the minority stake in Turquoise Hill for C$34/share, or approximately $2.7bn. While we appreciate that a formal process has now commenced, we want to take this opportunity to highlight our perspective on the proposal. As you must know, Rio's cash cost basis in Turquoise Hill is approximately $6.6bn or $63.70 per share, inclusive of their participation in the January 2014 rights offering which was the last time that Rio acquired equity in TRQ. Other than a write down in 2013 related to the temporary closure of Oyu Tolgoi and again in 2019 related to their own incompetence, Rio has never impaired this asset. Given the billions of dollars of capex that subsequently has been deployed, the significant de-risking that has occurred, and the coming wall of free cash flow that begins with sustainable first production in 2023, we strongly suggest that any assessment of fair value starts with Rio's cash cost basis, particularly considering the impact that a much more robust commodity outlook and the time value of money have on TRQ's valuation. An additional premium to compensate minority shareholders for losing access to an asset of this quality seems eminently reasonable. On a related note, it is obvious that as the entity responsible for developing and operating the mine, Rio Tinto has access to a significant amount of material information which has yet to be released to the public. Specifically, TRQ management has indicated that updates to both the underground mine development plan and an open pit optimization are due in the next few months. Presumably neither the independent directors nor management has access to this information since it would have to be disclosed. And, presumably, the news can't be all that negative or Rio would not be making a cash bid, although we are concerned that Rio now is clearly conflicted in terms of providing fulsome updates to its partners and the market. Given the history of poor governance and repeated attempts at minority suppression, the structural asymmetry of information, and the bid that is on the table, how can you be confident that you are or will be informed sufficiently to determine a full and equitable purchase price?...This leads us to our final point: valuation. Rio is bidding $2.7bn to acquire the remaining 49.2% of TRQ that they don't own, compared to the $6.6bn spent to acquire 50.8% between 2006-2013. Even assuming much lower commodity prices than we are experiencing today, Turquoise Hill shareholders can reasonably expect a first dividend as early as 2025. Subsequently, free cash flow available for distribution ramps up to between $0.5-$4+bn per year, depending on your view of copper and gold prices. In other words, the bid represents less than a year of potential free cash flow... Rio's reminder in their proposal that 'should Turquoise Hill investors not accept the Proposed Transaction, Rio welcomes their continued investment and equal share of future risks and funding obligations' is laughable. TRQ minorities are the only investors with pure equity risk in this project and we have suffered from Rio's ineptitude along the way. Since Rio is convinced that 'the terms of the proposal are compelling for Turquoise Hill shareholders' surely the reverse is true as well. We would be more than happy to participate in a proposal to purchase Rio Tinto's stake in TRQ for C$34/share...In summary, this bid appears to be highly opportunistic, coming in the midst of an equity overhang caused by Rio's mismanagement of both the project and the partnership and just ahead of mine completion with the accompanying free cash flow that will benefit all stakeholders for decades into the future. Furthermore, the commodity backdrop is as attractive as it has ever been, placing a premium on any long-lived, low-cost reserve base. We expect that you will review all of your options and will undertake all steps necessary to ensure that Turquoise Hill's share price reflects its status as the owner of one of the most strategically important, structurally attractive assets in the world. We stand by, as always, to help in any way that we can.
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IPA | Hot Stocks09:50 EDT IPA selected to work with Elektrofi on COVID-19 therapeutic delivery - Elektrofi and ImmunoPrecise Antibodies (IPA) announced they are entering into a collaboration to explore a high-concentration formulation of IPA's COVID-19 antibody cocktail, PolyTope TATX-03. This collaboration aims to generate an IND-enabling data package for the FDA for an alternatively formulated version of TATX-03, named TATX-03E, that could be easily self-administered in a non-healthcare setting. By joining forces, the parties anticipate formulating TATX-03E for stable and rapid distribution to the consumer, a drug product ideally suited to serve unmet needs for rapid deployment, field use, and higher frequency dosing for immunocompromised individuals requiring on-going access to therapies and prophylaxis. The collaboration between Elektrofi and IPA will be supported by Elektrofi's contract with the DHA Small Business Innovation Research Program within the Department of Defense. The companies will begin by conducting formulation feasibility studies followed by IND-enabling, non-clinical studies to establish safety and efficacy with the novel formulation.
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USAU | Hot Stocks09:49 EDT U.S. Gold provides update on assay results for drilling during 2021 field season - U.S. Gold is pleased to provide an update following receipt of assay results for a portion of the drilling conducted during the 2021 field season. The Company continues to be encouraged by the positive results confirming its prefeasibility study, released December 1, 2021. This drilling informs the engineering work aimed at developing the CK Gold Project. In commenting on this latest intercept, Kevin Francis, V.P. Exploration and Technical Services, of U.S. Gold Corp. said: "While we know that we have a high-grade zone starting at surface with minimal waste rock stripping required, we are encouraged by further evidence of higher grades than currently modeled. Hole CK21-01c drilled through the heart of the reserve was designed to intercept the proposed ultimate pit wall for geotechnical purposes. This area of the proposed pit is scheduled to be mined early in the mine life as outlined in the prefeasibility study, contributing to the very attractive production profile for the first three years of operation, averaging 135,300 gold equivalent ounces per year. While the hole pierced higher than average grades as estimated by the grade model, the actual grades intersected in CK21-01c are significantly higher. The grade block pierced by the 10-foot intercept of 11.8 g/t gold and 7.8% copper was estimated to contain 1.6 g/t gold and 0.3% copper. There is difficulty capturing extreme grades in a resource model due to geologic uncertainty at our nominal 150' drill hole spacing. We are unlikely to pursue changes in our resource and reserve estimate for the project, but we believe it lends confidence in our estimates. Historic mining at what was named Copper King in the 1920s also suggests that high-grade mineralization occurs because in those days constraints in technology made it simply uneconomic to mine the recently modelled average grade at the CK Gold Project. The project has significant leverage to rising metal prices and at recent $2,000/oz gold and $4.75/lb copper, the economics look extremely attractive. The deposit does not conveniently fit into one of the standard genetic models for gold and copper mineralization. With proven and probable reserves that currently stand at over 1 million ounces of gold and 248 million pounds of copper in a rising price environment, we believe that developing this U.S. domestic production will have widespread benefits. While we know that there are additional mineral resources both underlying and laterally contiguous to the modelled reserve, requiring further drilling definition, our focus is to realize the value of the commercially attractive gold-copper project identified in our prefeasibility study, published December 1, 2021."
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ATTO | Hot Stocks09:47 EDT Atento falls -8.9% - Atento is down -8.9%, or -$2.60 to $26.76.
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BPT | Hot Stocks09:47 EDT BP Prudhoe Bay falls -10.5% - BP Prudhoe Bay is down -10.5%, or -$1.08 to $9.19.
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NRP | Hot Stocks09:47 EDT Natural Resource Partners falls -10.7% - Natural Resource Partners is down -10.7%, or -$4.16 to $34.83.
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PSO | Hot Stocks09:47 EDT Pearson rises 8.7% - Pearson is up 8.7%, or 87c to $10.90.
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KUKE | Hot Stocks09:47 EDT Kuke Music rises 9.4% - Kuke Music is up 9.4%, or 32c to $3.73.
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BFLY | Hot Stocks09:47 EDT Butterfly Network rises 9.8% - Butterfly Network is up 9.8%, or 36c to $4.11.
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IXHL | Hot Stocks09:46 EDT IXHL Stock trading resumes
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BNR | Hot Stocks09:40 EDT Burning Rock Biotech secures second NGS Kit approval from NMPA - Burning Rock Biotech announced that the National Medical Products Administration approved Burning Rock's Human Nine-Gene Mutation Joint Detection Kit as a class III medical device. The company said, "This approval demonstrates Burning Rock's industry-leading capability of working with the NMPA on bringing an innovative next generation sequencing-based diagnostic product to the China market." LungCure CDx is the Company's second NMPA-approved NGS-based reagent kit for multiple gene mutation, following our industry-first kit approval in 2018. LungCure CDx can be used in in vitro detections of genetic variations of EGFR, ALK, ROS1, KRAS, MET, ERBB2, BRAF, PIK3CA and RET genes associated with non-small cell lung cancer patients, three of which are approved under the NMPA standards for companion diagnostics, and provide comprehensive guidance on NSCLC targeted therapy.
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LLL | Hot Stocks09:38 EDT Luxventure enters strategic cooperation framework agreement with Aikayun - JX Luxventure announced that, on March 10, 2022, Jin Xuan Luxury Tourism Digital Technology, a subsidiary of the Company, entered into and executed a Strategic Cooperation Framework Agreement on Cross-border Supply Chain of Duty Free Merchandize with Aikayun Technology. Pursuant to the Agreement, JX Hainan was granted an exclusive right to distribute cross-border products from Japan in the Hainan Island in the amount up to RMB1,000,000,000. In addition, the Company plans to enter into the Metaverse by offering Non-fungible Token based projects, which will be lead by its Chief Technology Officer.
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CCL | Hot Stocks09:32 EDT Princess Cruises announces fleet deployment plans through April 2023 - Princess Cruises announced new deployment plans for the United States with a return to homeport cruising in Galveston, Texas starting in December 2022, and San Diego starting in September 2022. Princess is planning return to service in Australia with Coral Princess starting in June 2022 following indications authorities are becoming more comfortable with a return to service in the region. After six years, Princess returns to homeport cruising from Texas. Ruby Princess will sail from December 2022 to April 2023, on a series of cruises from Galveston ranging from five to 11 days, calling mainly to destinations in the Western Caribbean. The ship will also sail through the Panama Canal on two 16-day, ocean-to-ocean transits between Galveston and San Francisco. Cruises will be on sale April 7, 2022. From September 2022 through February 2023, cruising in California expands with a return to San Diego. Diamond Princess will be joining the fleet of west coast-based ships with a series of brand-new cruise itineraries ranging from five to 16 days and calling at ports along the Mexican Riviera, California Coast, and the Hawaiian Islands. In addition, the ship will sail a unique 20-day cruise to Central America, roundtrip from San Diego in November 2022. The on-sale date for these cruises is March 24, 2022. Royal Princess moves to San Francisco for the West Coast 2022/2023 season, with roundtrip cruises to Hawaii, Mexico, and the California Coast. Arriving in September 2022, after completing the Alaska season, Royal Princess will initially sail from San Francisco along with Ruby Princess. In December 2022, Ruby Princess relocates to Galveston and Royal Princess becomes the official hometown ship of San Francisco for the remainder of the 2022/2023 season. These cruises go on sale April 7, 2022. In anticipation that Australian Federal and State Governments will soon welcome the return of cruising, we are announcing plans for Coral Princess return to service in June 2022, with roundtrip Brisbane itineraries ranging from three- to 12-days in length and calling to destinations in Queensland and New South Wales. In August, Coral Princess will position to Sydney and depart on a new 12-day voyage calling to Queensland and the Conflict Islands in Papua New Guinea, before resuming the previously announced Australia & New Zealand program for the 2022/2023 season. Additionally, Majestic Princess will sail roundtrip from Sydney on a new Queensland voyage in February 2023 at the end of her already published season. Full details will be announced on March 17 and these Australia cruises will go on sale March 23, 2022. As a result of these changes, previously published itineraries through April 2023 on Diamond Princess, and Royal Princess to Japan, Singapore, Australia, New Zealand, and the South Pacific, as well as two Ruby Princess Panama Canal sailings in February 2023 and select voyages on Majestic Princess in Australia, New Zealand, and the South Pacific from February 2023 to May 2023 will be cancelled. Guests affected by these cancellations will be notified.
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IXHL | Hot Stocks09:31 EDT IXHL Stock trading halted, volatility trading pause
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CODX | Hot Stocks09:31 EDT Co-Diagnostics announces $30M share repurchase program - Co-Diagnostics announced that its Board of Directors has authorized a share repurchase program that would allow the company to repurchase up to $30M of CODX common stock.
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BNXAF | Hot Stocks09:23 EDT Banxa Holdings reports February total transaction volume A$106M - BANXA Holdings announced its February 2022 TTV, recording A$106M, and growth of 48% Year-on-Year. The TTV is broadly in line with the decline in volumes of the overall cryptocurrency market. In February, Banxa processed over 127,000 transactions and added five new partners, including TokenPocket and ApolloX. Banxa also added two new fiat currencies to now support a total of 32 fiat currencies enabling seamless access to digital currencies through multiple payment methods. Banxa also secured a cryptocurrency custody registration from the Dutch National Bank which allows Banxa to hold custody of Bitcoin, Ethereum and other cryptocurrencies on behalf of its customers. This registration adds further to Banxa's focus on acquiring digital currency exchange and custody licences around the world. Banxa CEO Holger Arians said, "The crypto ecosystem is ever-changing, and Banxa is ideally positioned to continue its accelerated growth in the market. We are delighted to welcome our new partners, providing support for more coins and fiat currencies every month."
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CYTO | Hot Stocks09:22 EDT Altamira completes patient enrollment in house dust mite allergy trial - Altamira Therapeutics announced completion of patient enrollment in its Bentrio trial in house dust mite allergic rhinitis. The Company expects to release top-line results from the trial during the second quarter of 2022. The trial, which enrolled a total of 37 patients with a history of perennial allergic rhinitis caused by HDM exposure, is designed to evaluate the efficacy of Bentrio in the treatment of PAR in an environmental exposure chamber, i.e. under controlled HDM exposure. Study participants were randomized under an open label, three-period crossover design to receive either Bentrio in a single or double dose or no treatment prior to HDM exposure for three hours. The primary endpoint will be the change in the Total Nasal Symptom Score from baseline. The trial is being conducted at a single study site in Canada.
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CEAD | Hot Stocks09:21 EDT CEA Industries appoints Ian Patel as Chief Financial Officer - CEA Industries announced the appointment of Ian Patel as Chief Financial Officer and Treasurer of the Company, effective March 11, 2022. Ian Patel was most recently the Consultant CFO for Maxwell Financial Labs.
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SMFL | Hot Stocks09:20 EDT Smart for Life executes definitive agreement to acquire Ceautamed Worldwide - Smart for Life announced that it has executed a definitive agreement to acquire Ceautamed Worldwide and its affiliates, Wellness Watchers Global and Greens First Female, a vitamin and supplement company principally engaged in the development and distribution of a wide variety of nutritional products. Ryan Benson will be staying onboard as the subsidiary Ceautamed's Chief Executive Officer post-acquisition. "This acquisition demonstrates Smart for Life's objective of creating a highly diversified vertically integrated global nutraceutical company. The Greens First brand is widely acknowledged as one of the best true greens powders on the market and fits nicely in our growing brand portfolio," stated Ryan Zackon, Smart for Life's Chief Executive Officer. "The transaction further supports Smart for Life's objective of developing and acquiring multiple brands and sales channels for cross marketing goods and services."
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TCLAF | Hot Stocks09:20 EDT Transcontinental Media acquires Scolab, terms not disclosed - Transcontinental Inc. announces the acquisition by TC Media of Scolab Inc., a leader in the development of digital educational products. Scolab is known for Netmath, distributed in Canada in French and English, and Buzzmath, distributed in the United States. These products are used by thousands of students and teachers across North America.
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QLGN | Hot Stocks09:19 EDT Qualigen Therapeutics extends research agreement with ULRF - Qualigen Therapeutics announces the mutual extension of a research agreement with University of Louisville Research Foundation. The revised agreement expands the Company's collaboration with the research institution to develop its ongoing RAS-F platform currently in the discovery stage for solid tumors through Q1 of 2023. Mutant RAS is the most common cancer oncogene, present in one quarter of all cancers. It acts as a "hub" that activates multiple effector pathways to promote cancer growth. Targeting the downstream PI3K-AKT and RAF-MEK-ERK signaling pathways has been a promising therapeutic approach to date. However, approved therapeutic options are limited to cancers exhibiting specific RAS mutations, such as KRAS G12C. Exploring additional downstream effectors of the RAS pathway such as the RAL GTPase family are areas of active research as there are no FDA-approved pan-mutational RAS protein inhibitors. Qualigen's RAS-F program is a family of small molecules designed to prevent mutated RAS gene proteins from binding to their effector proteins. Exclusively in-licensed from UofL, compounds from this discovery engine have been shown to inhibit a broad range of RAS mutations and are active against the growth of multiple in vivo tumor models. Qualigen is evaluating promising compounds generated from this partnership in various RAS-driven advanced solid tumors such as pancreatic, colorectal and lung cancers.
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CHRS | Hot Stocks09:18 EDT Coherus, Junshi announce presentation of results from CHOICE-01 trial - Shanghai Junshi Biosciences and Coherus BioSciences announced the presentation of positive results and biomarker analysis from the pivotal study "CHOICE-01", a randomized, double-blind, placebo-controlled Phase 3 clinical trial evaluating toripalimab plus chemotherapy as first-line treatment of advanced squamous or non-squamous non-small cell lung cancer. The final progression-free survival analysis confirms the finding of the previous interim PFS analysis, demonstrating a statistically significant and clinically meaningful improvement in PFS per RECIST v1.1 compared to chemotherapy alone. The study also demonstrated an improvement in overall survival in a prespecified interim OS analysis. These results will be summarized later today during the ASCO Plenary Series, in an oral presentation by Professor Jie Wang, MD, PhD, from the National Cancer Center/National Clinical Research Center for Cancer/Cancer Hospital, Chinese Academy of Medical Sciences & Peking Union Medical College. The abstract is now available on the ASCO website. A total of 465 treatment-naive advanced NSCLC patients without EGFR/ALK mutations were randomized: 309 to toripalimab plus chemotherapy and 156 to placebo plus chemotherapy. The primary endpoint was PFS assessed by the investigator. Secondary endpoints included PFS assessed by a blinded independent review committee , OS and safety. Patients from the placebo arm were actively crossed over to toripalimab treatment upon disease progression. As of October 31, 2021: At the final analysis, a significant improvement in PFS was detected in the toripalimab arm over the placebo arm with median PFS of 8.4 vs. 5.6 months. The 1-year PFS rates for the toripalimab and placebo arms were 36.7% and 17.2%, respectively. PFS as assessed by BIRC was also significantly longer in the toripalimab arm. A prespecified interim analysis demonstrated a statistically significant improvement in overall survival for the toripalimab arm over the placebo arm. The PFS benefits were observed in patients treated with toripalimab plus chemotherapy across key subgroups, including histologic subtype and tumor PD-L1 expression. Genomic analysis revealed a PFS benefit associated with high tumor mutation burden and with genetic alterations in the focal adhesion-PI3K-AKT and IL-7 pathways in patients treated with toripalimab plus chemotherapy. The addition of toripalimab to standard first-line chemotherapy in patients with advanced NSCLC showed a manageable safety profile with no new safety signals observed. The incidence of Grade greater than or equal to3 adverse events was 78.6% in the toripalimab arm vs. 82.1% in the placebo arm. AEs leading to discontinuation of toripalimab or placebo were 14.3% vs. 3.2%, respectively. Junshi Biosciences and Coherus are evaluating potential registration avenues for toripalimab in combination with chemotherapy for the first-line treatment of advanced non-small cell lung cancer in the United States. In China, the supplemental New Drug Application for this indication was accepted in December 2021 by the National Medical Products Administration.
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HAFC | Hot Stocks09:18 EDT Hanmi Financial releases 2021 annual shareholder letter - Hanmi Financial announced the release of its 2021 annual letter to shareholders authored by President and Chief Executive Officer Bonnie Lee. "2021 Performance Highlights. Our team of 600 bankers performed exceptionally well in 2021 while continuing to navigate the challenges of the ongoing global pandemic, political and social volatility, and shifting economic dynamics. Guided by our strategic growth plan, we expanded our product and service offerings and diversified our loan and deposit portfolios. Working closely with our customers, we also further strengthened our portfolio and asset quality metrics... At the beginning of 2021, I outlined several strategic initiatives to grow and diversify our business, and I am pleased to report on our team's successful execution on these initiatives. We successfully ramped up production in our residential mortgage program, which accounted for 11 percent of originations in 2021, excluding PPP loans, in its first full year of operation... We advanced our Corporate Korea initiative, which accounted for more than 14 percent of our total 2021 loan production and 12 percent of total loans outstanding at year end... We expect this important program to make a growing contribution to both loan production and deposits in 2022 and beyond. These strategic growth initiatives, along with strong momentum across our diverse business lines, fueled record growth in loan and lease production in 2021... Our strategic priorities for 2022 include: Growing our successful residential mortgage business, Further diversifying our loan portfolios by building on the success of our Corporate Korea initiative as well as increasing multi-family and SBA loans, Increasing our focus more broadly on corporate clients to drive meaningful growth in loans and new sources of stable, low-cost deposits, Identifying strategic opportunities to enter new high-growth, deposit-rich verticals that need relationship banking partners like Hanmi...As we execute against a set of strategies that are paying off, we feel confident that 2022 will be another great year."
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JBLU | Hot Stocks09:17 EDT JetBlue seeing strong return to demand for U.K.-U.S. travel, CEO says
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AWRE | Hot Stocks09:16 EDT Aware announces strategic partnership with MIRACL - Aware, announced it has entered into a partnership with MIRACL, a cybersecurity software company specializing in single-step, secure multi-factor authentication. Aware expects this partnership to enable it to extend its cloud-based biometric authentication technology to protect against data breaches and ransomware, which are continuing challenges in many industries, including financial services. This partnership further cements the value Aware is bringing to the financial services market, as demonstrated by its recent acquisition of Fortress Identity. Concurrently with entry into the partnership, Aware also made a $2.5 million strategic investment in loan stock issued by Omlis limited, the parent company of MIRACL.
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SVFD | Hot Stocks09:14 EDT Save Foods partners with Auyron to bring treatment to Sub-Saharan Africa - Save Foods announced it is teaming up with Auryon Holdings, a strategic advisory and private equity firm, to make Save Foods' green treatment available in Sub-Saharan Africa. Save Foods' treatment can be beneficial for African countries by helping to provide populations with fresher, healthier produce while also assisting African packers to meet export standards.
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VZ | Hot Stocks09:13 EDT Verizon Business expands BlueJeans Telehealth - Verizon Business announced "enhanced access to new data sources and new partner integrations for BlueJeans Telehealth," the company said. Building on the platform's accessibility and ease-of use, the latest enhancements to BlueJeans Telehealth were designed to help improve the overall quality of virtual care. "Telehealth not only improves access to healthcare, it has the potential to improve the overall experience, especially for those who face real obstacles accessing specialized services," said Krish Ramakrishnan, Chief of Innovation and Product, BlueJeans by Verizon. "With our focus on simplified data integration, management and creating a seamless user experience, BlueJeans Telehealth is personalizing virtual care to make it easier, safer and more effective for patients and clinicians everywhere." With the latest data-driven enhancements and integrations built into the BlueJeans Telehealth solution, providers can pull televisit activity, give diagnostic intel and leverage more EHR platforms to improve healthcare insights. Key Features: Building on the existing integration, patients using an iPhone will be able to share additional categories of their Health app data in the coming months. The new Televisit tab included within BlueJeans' robust Command Center dashboard provides in-depth insights about telehealth activity. Redox is an EHR-agnostic interoperability platform that integrates with 85+ EHR systems, meaning providers can focus on using BlueJeans Telehealth to customize patient communication. BlueJeans Telehealth also includes new features, including Image Capture for patients and providers which enables either party to capture, upload and share images in the Televisit Tile during a televisit.
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MIGI | Hot Stocks09:13 EDT Mawson produced 152 Bitcoin in February vs January, up 8.5% - Mawson Infrastructure Group announces unaudited bitcoin production and operational update for February 2022. In February Mawson produced 152 Bitcoin, +8.5% vs January 2022. February average hash rate at approximately 1.15 Exahash, +28% vs January 2022. February end of month hash rate at approximately 1.3 Exahash, +18% vs January 2022. March end of month hash rate expected to be 1.5 Exahash, producing approximately 6.8 bitcoin per day. Additionally the company announced 4 megawatts of hosting customers online in February..In February Mawson continued to build and expand its existing and new facilities in the USA and Australia. ASIC Bitcoin miners continue to be delivered on a monthly basis, with a batch of Canaan A1246 miners delivered during the month. February saw 3 fewer calendar days vs January, as well as a continued rise in network difficulty over the course of the month. Despite these headwinds, monthly Bitcoin production was up +8.5% vs January 2022, and up +300% vs February 2021.
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TTWO... | Hot Stocks09:12 EDT Take-Two announces availability of 'Grand Theft Auto V' on latest consoles - Rockstar Games, a publishing label of Take-Two (TTWO), announced that "Grand Theft Auto V" and "GTA Online" are now available digitally for the PlayStation 5 (SNE) computer entertainment system and the Xbox Series S X (MSFT) games and entertainment system. Grand Theft Auto V and GTA Online are available together for $9.99 through the PlayStation Store and $19.99 through the Microsoft Store on Xbox through June 14, with physical releases coming in April. The new standalone version of GTA Online is also free to download now through the PlayStation Store through June 14.
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DKNG | Hot Stocks09:12 EDT DraftKings announces 'Primetime NFT Series' - DraftKings Marketplace has introduced the Primetime NFT Series, designed to deepen engagement and reward collectors on DraftKings during these defining moments. The first Primetime NFT Series drop will be the 2022 College Hoops Collection that launches just in time for March's college basketball national tournament. This marks the first fully in-house NFTs launched by DraftKings Marketplace with drops set for key moments throughout the event. Collectors holding all eight editions of the 2022 College Hoops Collection following the championship game will be airdropped a ninth commemorative NFT as a reward for collecting the full set, and this airdrop will grant collectors priority access to the next Primetime NFT Series drop. With each drop, collectors will be eligible to receive DK Dollars, which are site credits that can be used for gameplay across all parts of DraftKings' digital sports entertainment and gaming ecosystem, like sportsbook and daily fantasy. Eligible holders can use their 2022 College Hoops Collection NFT rewards to place bets and enter pools, brackets or fantasy contests as all the buzzer beaters and cinderella stories unfold this season. There will also be exclusive one-of-one editions of all eight collectibles, which will be auctioned off concurrently using DraftKings Marketplace's recently launched auction platform.
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AMD | Hot Stocks09:11 EDT AMD announces availability of AMD Ryzen 7 5800X3D processor - AMD announced the pricing and availability of the AMD Ryzen 7 5800X3D processor.The AMD Ryzen 7 5800X3D processor is the first Ryzen processor to feature AMD 3D V-Cach technology. The 5800X3D delivers 15% more gaming performance compared to processors without stacked cache technology, making it the world's most advanced desktop gaming processor. AMD is also announcing a new stack of Ryzen 7, 5, and 3 Series processors and expanded chipset compatibility, giving PC enthusiasts even more options for creating truly customized gaming experiences. At CES 2022, AMD announced the Ryzen 7 5800X3D processor, an 8-core processor that is the first to feature AMD's 3D V-Cache technology, delivering the fastest 1080p gaming across select titles when compared to others in the market. AMD announced this new processor will be on-shelf globally beginning April 20, starting at an SEP of $449 USD.
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IMAC WMT | Hot Stocks09:09 EDT IMAC launches The Back Company franchise - IMAC Holdings announces it completed Franchise Disclosure Documents to launch The Back Company franchise spinal health and wellness centers. Capitalizing on the launch of the Company's Back Space concept, piloted in select Walmart locations, IMAC will launch The Back Company franchise April 1st. The Back Company specializes in chiropractic adjustments, corrective instrument adjusting, and percussion therapies for soft tissue recovery, muscle relaxation, and spinal wellness. Services are offered on a walk-in and appointment basis, priced at $25 per treatment, with memberships available for $65 per month, in addition to family and wellness plans that are valid at any The Back Company location. Franchises are available to be positioned in retail centers, within large retail stores, and inside of medical facilities. The Franchise Disclosure Document provides total initial investment details with a range of $81,000 to $373,000 with conversion practices serving as the lowest initial investment and strip center locations with the highest potential initial investment. The Franchise Fee ranges from $30,000 to $50,000 with a seven percent royalty fee. Dr. Ben Lerner, recently announced as IMAC's Chief Operating Officer, will lead the expansion.
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INTC... | Hot Stocks09:09 EDT Intel to develop two fabs in Germany, double manufacturing space in Ireland - The investment program is centered around balancing the global semiconductor supply chain with a major expansion of Intel's (INTC) production capacities in Europe. In the initial phase, Intel plans to develop two semiconductor fabs in Magdeburg, Germany, the capital of Saxony-Anhalt. Planning will start immediately, with construction expected to begin in the first half of 2023 and production planned to come online in 2027, pending European Commission approval. The new fabs are expected to deliver chips using Intel's most advanced, Angstrom-era transistor technologies, serving the needs of both foundry customers and Intel for Europe and globally as part of the company's IDM 2.0 strategy. Intel plans to initially invest 17B euros, creating 7,000 construction jobs over the course of the build, 3,000 permanent high-tech jobs at Intel, and tens of thousands of additional jobs across suppliers and partners. Intel plans to refer to the new site as the Silicon Junction, connecting technology. This Silicon Junction will serve as the connection point for other centers of innovation and manufacturing across the country and region. Intel is also continuing to invest in its Leixlip, Ireland, expansion project, spending an additional 12B euros and doubling the manufacturing space to bring Intel 4 process technology to Europe and expand foundry services. Once complete, this expansion will bring Intel's total investment in Ireland to more than 30B euros. In addition, Intel and Italy have entered into negotiations to enable a back-end manufacturing facility. With a potential investment of up to 4.5B euros, this factory would create approximately 1,500 Intel jobs plus an additional 3,500 jobs across suppliers and partners, with operations to start between 2025 and 2027. Intel and Italy aim to make this facility a first of its kind in the EU with new and innovative technologies. This would be in addition to the foundry innovation and growth opportunities Intel expects to pursue in Italy based on its planned acquisition of Tower Semiconductor (TSEM). Tower has a partnership with STMicroelectronics (STM), which has a fab in Agrate Brianza, Italy. In total, Intel plans to spend more than 33B euros on these manufacturing investments. By significantly increasing its manufacturing capacities across the EU, Intel would lay the groundwork to bring various parts of the semiconductor value chain closer together and increase supply chain resiliency in Europe.
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NXTP | Hot Stocks09:09 EDT NextPlay Technologies partners with TruCash Group of Companies - NextPlay Technologies announced that NextBank International has partnered with TruCash Group of Companies, a leading global payments provider, to launch NextBank Payments, which will include Mobile Wallets, Mobile Payments, Credit cards, Debit Cards, and Prepaid products. In addition, NextBank will have the opportunity to offer NextBank's international banking services to TruCash's millions of account holders worldwide. TruCash will provide NextBank a comprehensive mobile wallet, which will include a debit and credit card infrastructure, which will include the implementation and management of loyalty programs for credit card issuance, merchant acquiring services and worldwide remittance services. "As an award-winning leader in the space, TruCash is a great partner for launching our first card services," stated Todd Bonner, chairman of NextPlay Technologies and head of NextPlay's fintech division. "They bring more than 25 years of experience in financial services along with worldwide coverage that we believe aligns perfectly with our mission and complementary capabilities." NextBank operates under a special license that permits banking for customers around the world in multiple currencies. The partnership with TruCash will enable NextBank to issue cards to customers in nearly every country around the globe, further expanding NextBank's services.
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RDHL | Hot Stocks09:08 EDT RedHill Biopharma announces license agreement with Kukbo - RedHill Biopharma announced that it has entered into an exclusive license agreement with Kukbo, a South Korean corporation, for oral opaganib for the treatment of COVID-19, in South Korea. Under the terms of the license agreement, which follows the previously announced strategic investment by Kukbo, RedHill will receive an upfront payment of $1.5M and is eligible for up to $5.6M in milestone payments as well as low double-digit royalties on net sales of oral opaganib in South Korea. Kukbo will receive the exclusive rights to commercialize opaganib in South Korea for COVID-19. The partnership with Kukbo also includes a right of first offer for RedHill's late-stage clinical assets, opaganib, RHB-107 and Talicia, for one or more of the territories of South Korea, Japan, Indonesia, Vietnam, Thailand and/or Malaysia. The right of first offer has been extended as part of the new license agreement until the end of October.
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EXPI | Hot Stocks09:07 EDT eXp World Holdings announces expansion into Greece - eXp Realty has expanded into Greece. eXp Realty now operates in 20 markets with more than 77,000 agents around the world. eXp's real estate brokerage operations in Greece will be led by Nikos Manomenidis. Greece represents the second of three markets that eXp Global has identified for expansion in the first quarter of 2022. The Dominican Republic launched in February and New Zealand is slated next.
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VRSK | Hot Stocks09:07 EDT Mile Auto integrates telematic solutions from Verisk Analytics - Mile Auto has integrated telematics solutions from Verisk to help consenting, low-mileage drivers easily access affordable car insurance based on how much they drive. By connecting to the Verisk Data Exchange and its network of automakers, Mile Auto will be able to deliver an efficient, customer-centric purchase experience to the growing number of connected car drivers.
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KD... | Hot Stocks09:06 EDT Kyndryl Holdings and Cloudera announce partnership - Kyndryl and Cloudera announced a global partnership to help customers enable and drive their mission-critical hybrid cloud, multicloud and edge computing data initiatives. Kyndryl and Cloudera plan to establish a joint innovation center to develop integrated industry solutions and delivery capabilities designed to help customers accelerate their move and migration to the cloud platform and environment of their choice, including Amazon (AMZN) Web Services, Google (GOOG) Cloud and Microsoft (MSFT) Azure. The companies will immediately focus on: Cloudera Data Platform Migrations and Upgrades and Managed Services
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WKEY | Hot Stocks09:06 EDT WISeKey says WISe.ART 2.1 NFT Marketplace fully operational - WISeKey International Holding announced that its new WISe.ART 2.1 NFT Marketplace version is fully operational and includes new features providing art collectors and artists a secure marketplace and platform where NFT buyers and sellers can easily connect their crypto wallets to instantly purchase or list their NFTs for sale.
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INTC | Hot Stocks09:05 EDT Intel announces initial investment of over EUR 33B for chip manufacturing in EU - Intel announced the first phase of its plans to invest as much as 80B euros in the European Union over the next decade along the entire semiconductor value chain. This announcement includes plans to invest an initial 17B euros into a semiconductor fab mega-site in Germany, to create a new R&D and design hub in France, and to invest in R&D, manufacturing and foundry services in Ireland, Italy, Poland and Spain. With this investment, Intel plans to bring its most advanced technology to Europe, creating a next-generation European chip ecosystem and addressing the need for a more balanced and resilient supply chain. Pat Gelsinger, CEO of Intel, said: "Our planned investments are a major step both for Intel and for Europe. The EU Chips Act will empower private companies and governments to work together to drastically advance Europe's position in the semiconductor sector. This broad initiative will boost Europe's R&D innovation and bring leading-edge manufacturing to the region for the benefit of our customers and partners around the world. We are committed to playing an essential role in shaping Europe's digital future for decades to come."
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AMZN | Hot Stocks09:05 EDT Amazon commits $124.4M for affordable homes in WA's Puget Sound, Arlington, VA - Amazon announced it will invest over $124.4M to build 1,060 affordable homes near four public transit sites and work in partnership with the Washington Metropolitan Area Transit Authority, Metro, and Sound Transit, the transit system serving the Central Puget Sound region of Washington state, to complete the housing developments. The new deals stem from Amazon's $300 million transit commitment from 2021 to create 3,000 new affordable homes in collaboration with the transit agencies in each region. The Margaux at the New Carrollton Metro station rendering "The Amazon Housing Equity Fund is tackling the affordable housing crisis on multiple fronts and through innovative solutions, such as teaming up with public transit authorities, which brings people closer to more opportunities, services, and a better quality of life," said Catherine Buell, director of the Amazon Housing Equity Fund, a more than $2 billion commitment to create and preserve 20,000 affordable homes for individuals and families earning moderate to low incomes in Washington state's Puget Sound region; the Arlington, Virginia region; and Nashville, Tennessee. "We know that our investment in these areas brings many economic opportunities for residents in the region, but we also acknowledge that this growth needs to benefit everyone in the community. The progress we have made in our first year is promising, but we have more to do."
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WGO | Hot Stocks09:04 EDT Winnebago announces production of 500,000th motorhome - Winnebago announced it has produced its 500,000th motorhome. The company marked the occasion with events across all its facilities, with a special event held at its North Iowa campus in Lake Mills, where the vehicle ceremoniously rolled off the production line. The 500,000th motorhome is the popular Revel, a model introduced four years ago. "Winnebago is a pioneer in the RV category, producing its first vehicles more than 60 years ago," said Huw Bower, President of Winnebago Outdoors. "Yet, the 500,000th motorhome represents much more than longevity in the market. To our 2,700 employees, it represents millions of incredible experiences among friends and families that Winnebago has made possible through the decades. Our team members are committed to excellence every day, motivated and energized by the idea of bringing joy to so many people. This milestone would not be possible without their tireless dedication."
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MDB AMZN | Hot Stocks09:03 EDT MongoDB expands global collaboration with AWS - MongoDB (MDB) announced a significant expansion of a multi-year strategic collaboration agreement with Amazon Web Services (AMZN). Under this six-year agreement, MongoDB and AWS have committed to a broad range of initiatives to make it easier for joint customers to advance their cloud adoption journey, including integrated go-to-market activities across sales and marketing, developer enablement and training through shared developer relations activities, and both technology integrations and commercial incentives to streamline the migration of on-premises workloads to MongoDB Atlas on AWS.
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REVB | Hot Stocks09:03 EDT Revelation announces enrollment, dosing complete for Phase 2b study on REVTx-99 - Revelation Biosciences announced that it has completed enrollment and dosing in Phase 2b viral challenge study, RVL-VRL01, to evaluate the efficacy of intranasal REVTx-99 for the preventive treatment of H3N2 influenza infection in healthy humans. "We are grateful to the individuals volunteering to participate in this and other clinical trials, as they are essential in the development of new treatment options to help prevent and treat respiratory viral infections," said James Rolke, Chief Executive Officer of Revelation. "The results of this study will be an important step in the development of REVTx-99, and we expect to report primary endpoint data for this study early in the second quarter of this year." The Phase 2b, randomized, double-blind, placebo-controlled study was conducted in Belgium and enrolled healthy individuals 18 to 55 years of age. The primary endpoint is to evaluate the efficacy of REVTx-99 in reducing area under the curve influenza viral load in the upper airways during infection as measured by RT-qPCR. Key secondary endpoints include: AUC of total symptom score, duration of symptoms, peak symptom score, peak viral load, duration of influenza virus presence, incidence of mild to moderate influenza disease and incidence of seroconversion.
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PHPYF | Hot Stocks09:03 EDT Pushpay announces new product features to help churches re-engage - Pushpay announces new digital features within its giving solution, church management system, and mobile applications to help churches engage and increase involvement within their community. While the pandemic continues on, traditions of in-person gatherings are slowly showing signs of returning to normal, with roughly 21% of adults attending weekly religious services in-person-up from 5% in the spring of 2020*. Churches have relied heavily on technology to help them reach people during the last 24 months in particular, and there are no signs of that changing anytime soon as 93% recently indicated that technology plays an important role in helping them achieve their mission. Today the Company is hosting a product launch webinar at 11:30 a.m. PT to dive deeper into new Pushpay product features and explore how churches can leverage them to re-engage with people in their community. Key highlights include: App analytics: Provides a granular view of mobile app engagement and surfaces holistic trends on how community members are interacting with app content. Also delivers actionable insights to support churches as they lean into mobile engagement as a key part of their communication strategy. In fact, church leaders recently indicated that mobile church applications are one of the most strategically important technology tools for the future of their church. Event creation in-app: With in-person gatherings on the rise, group leaders now have the ability to quickly create events directly from their mobile church app and spark engagement with group members in real-time. Donor Development enhancements: Church leaders now have the flexibility to view gifts and engagement activity by individual or by household, and can toggle between views within the Donor Development dashboard. In addition, churches can now quickly view their top donors in a matter of seconds with a new report in the Donor Development dashboard. Draggable Resi livestream link: Enables churches that use Resi Media livestreaming technology the ability to easily add their Resi livestream and library videos to their Pushpay mobile application for a seamless viewing experience. Annual recurring giving: Community members now have the ability to set-up a recurring annual gift, for the date of their choice, which allows more flexibility as they actively seek to help their church, and or parish, grow. Spanish translation: Seamlessly translates localized content into Spanish within the LEAD mobile application, which also sets the foundation for expansion of translation in additional Pushpay products in the near future.
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MGP | Hot Stocks09:02 EDT MGM Growth raises annualized dividend 2c to $2.12 - MGM Growth Properties announced that its board of directors declared a quarterly cash dividend of 53c per Class A common share for the Q1. On an annualized basis, the dividend of $2.12 represents an increase of 2c per share. This is the 16th dividend increase since MGP's initial public offering in April 2016. The dividend will be payable on April 14 to shareholders of record as of the close of business on March 31.
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JBLU | Hot Stocks09:02 EDT JetBlue CEO: Q1 revenue outperforming original guidance range - Beyond the first quarter of 2022, JetBlue is moving swiftly to reduce May capacity by 6-8 percentage points, and expects to continue to moderate its capacity outlook into the Summer months, Hayes said.
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PRGS | Hot Stocks09:02 EDT Progress Software announces new capabilities in Progess Sitefinity DX platform - Progress announced new powerful capabilities and enhancements in the latest release of Progress Sitefinity DX platform. Building on its composable digital experience platform, Progress enables organizations to easily develop and deploy digital experiences across platforms and devices using .NET 6 and strengthen personalization and brand consistency with new digital asset management, advanced search and audience analysis, segmentation and targeting tools.
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JBLU | Hot Stocks09:01 EDT JetBlue sees Q1 revenue down 6%-9% vs. 2019 - Previous view was down 11%-16% vs. 2019. Sees Q1 ASMs down 1% vs. 2019 and previous view of down 1% to up 2%.
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PGRE | Hot Stocks09:01 EDT Paramount Group increases quarterly cash dividend 10.7% to 7.75c per share - Paramount Group announced that its board of directors has declared an increased quarterly cash dividend of 7.75c per share of common stock, representing a 10.7% increase over last quarter's cash dividend of 7c per share of common stock. The quarterly cash dividend of 7.75c per share of common stock is for the period from January 1 to March 31 and will be payable on April 15 to stockholders of record as of the close of business on March 31.
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AMZN | Hot Stocks09:00 EDT Amazon $81.7M to build 742 new affordable near metro stations around D.C. - Amazon announced it will invest $81.7M to build 742 new affordable homes near public transit sites and work in collaboration with the Washington Metropolitan Area Transit Authority, Metro, to complete the housing developments. The deals stem from Amazon's $300M transit commitment from 2021 to create 3,000 new affordable homes in collaboration with the transit agencies in Amazon's hometown communities. authorities, which brings people closer to more opportunities, services, and a better quality of life," said Catherine Buell, director of the Amazon Housing Equity Fund, a more than $2 billion commitment to create and preserve 20,000 affordable homes for individuals and families earning moderate to low incomes in Washington state's Puget Sound region; the Arlington, Virginia region; and Nashville, Tennessee. "We know that our investment in these areas brings many economic opportunities for residents in the region, but we also acknowledge that this growth needs to benefit everyone in the community. The progress we have made in our first year is promising, but we have more to do."
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JBLU | Hot Stocks09:00 EDT JetBlue CEO sees Q1 capacity at lower end of previous guidance - The company previously forecast 1Q22 capacity down 1% to up 2% vs. 1Q19. "We're going to continue taking conservative views. I would expect us to finish on the bottom end of that range," JetBlue CEO Robin Hayes said at the JPMorgan 2022 Industrials Conference.
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AMZN | Hot Stocks08:57 EDT Amazon to invest over $42.5M to build affordable homes in Puget Sound region - Amazon announced it will invest more than $42.5M to build 318 affordable homes adjacent to public transit sites, and it will work in partnership with Sound Transit, the transit system serving the Central Puget Sound region of Washington state, to complete the housing developments. The deals stem from Amazon's $300M transit commitment from 2021 to create 3,000 new affordable homes in collaboration with the transit agencies in Amazon's three hometown communities of Washington state's Puget Sound region; the Arlington, Virginia region; and Nashville, Tennessee.
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ITRI | Hot Stocks08:51 EDT Itron announces new contract with CUD to deploy Temetra - Itron announced a new contract with Consolidated Utility District, or CUD, to deploy Temetra, Itron's mobile meter data collection solution, in conjunction with Itron's fixed network solution, to upgrade its Advanced Metering Infrastructure, or AMI, and provide advanced capabilities such as active water leak detection and consumer portals. With Itron's solution, CUD will be equipped to improve operational efficiency and customer service to its more than 160,000 customers across Rutherford County in central Tennessee. CUD plans to initiate the project in Q1 2022 and expects to have the system live this summer. Utilizing Temetra, CUD will automate meter reading collection across their water distribution system and provide a seamless billing experience for their customers. The utility will improve billing accuracy and better visualize the interval data collected from meters, which will allow CUD to easily identify leaks and quickly address issues sooner. These advanced data collection capabilities will help conserve water and improve operational costs and efficiencies.
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VEV | Hot Stocks08:50 EDT Vicinity Motor expands U.S. distribution partnership with ABC Companies - Vicinity Motor announced the expansion of its strategic U.S. distribution agreement with ABC Companies, a provider of motorcoach and transit equipment in North America. The ABC distributorship supports Vicinity's focus on U.S. expansion to market the Vicinity heavy duty mid-size bus, the Vicinity Lightning EV and the VMC Optimal EV S1 low floor shuttle bus to new and existing customers. Under the expanded agreement, ABC will distribute Vicinity's product portfolio to 18 states covering key population centers across the country important to VMC's growth markets. The Vicinity line fills in key transit and private shuttle markets within the ABC portfolio of new vehicles for these locations, enhancing the offering to current customers while expanding to other sectors. In conjunction with the new agreement, ABC has contracted to order 18 VMC Optimal S1 shuttle buses and 3 Vicinity Classic buses - in addition to the previously announced order for 10 Vicinity Lightning EV buses slated for delivery in 2022.
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VRAR | Hot Stocks08:49 EDT Glimpse Group announces sixth virtual, augmented reality U.S. patent - The Glimpse Group announced that its wholly owned subsidiary company Foretell Reality was issued U.S. Patent number 11288868 for presenting a Simulated Reality Adaptive User Space. Foretell Reality is a provider of social VR multi-person spaces for mental health therapy, support and interaction. The Patent relates to a simulated reality display system with an adjustable perspective, meaning that the system determines the position of the digital assets in the simulated reality relative to the user and adjusts the positioning of such assets in real time as the user moves around and explores the virtual environment.
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IPIX | Hot Stocks08:48 EDT Innovation Pharmaceuticals announces publication of article on Brilacidin - Innovation Pharmaceuticals announced publication of a peer-review scientific article in the Journal of Medical Virology on the anti-coronavirus properties of Brilacidin. Brilacidin was shown to exert a dual-acting antiviral mechanism of action, able to target coronaviruses directly and bind to host cell surfaces to prevent viral entry. As previously released, Brilacidin showed promising treatment effects in a Phase 2 clinical trial in moderate-to-severe hospitalized cases of COVID-19. The Company plans to seek funding and additional clinical development support from government-sponsored programs to help advance the Brilacidin antiviral program. In the peer-review paper, which was co-authored by Dr. William DeGrado, University of Arizona and University of California-San Francisco scientists characterized the antiviral activity of Brilacidin against multiple endemic human coronaviruses, including HCoV-OC43, HCoV-229E, HCoV-NL63, and SARS-CoV-2, in human cell lines. Mechanistic studies revealed Brilacidin exerts antiviral activity by interfering with viral attachment to host cells by binding to heparan sulfate proteoglycans. HSPGs are important co-receptors through which different viruses gain entry into host cells, thus providing an attractive target for the development of broad-spectrum antivirals. Beyond exhibiting this blocking property, Brilacidin was also shown to target viral proteins directly, acting through a virucidal property. This dual antiviral mechanism of action suggests Brilacidin may be well-suited for prophylactic development and less likely to be subject to drug resistance. Combination studies further revealed Brilacidin exhibited a strong synergistic antiviral effect with remdesivir against HCoV-OC43 in cell culture. Collectively, these data support Brilacidin's translational potential to be developed as a broad-spectrum anti-coronavirus agent.
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XPRO | Hot Stocks08:47 EDT Expro acquires SolaSense, terms undisclosed - Expro has acquired 100% of Distributed Fiber Optic Sensing, or DFOS, company, SolaSense. Based in the UK, SolaSense's well surveillance technology features portable processing software and enhanced visualization interface for delivering near real time analysis of distributed acoustic sensing, or DAS / distributed temperature sensing data at the well site. This allows well characteristics to be readily recognized and evaluated, avoiding the shut-in of wells for extended periods and minimizing lost production.
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ALGM | Hot Stocks08:46 EDT Allegro MicroSystems unveils GMR crankshaft, camshaft sensors - Allegro MicroSystems announced the release of two new giant magnetoresistance crankshaft and camshaft sensors. The company said, "The ATS16951 and ATS16351 sensors are unique in the market and provide manufacturers with a single-vendor solution that's ideal for hybrid vehicle engines, with use cases extending to two-wheelers, off-road vehicles, and application designs requiring extended air gap performance. Both sensors will help engine designers reduce system complexity, cost, and energy consumption-boosting efficiency and minimizing carbon footprints."
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ACTG SVAC | Hot Stocks08:43 EDT Acacia Research appoints Martin McNulty as COO, Wesley Golby as CIO - Acacia Research (ACTG) announced that it has appointed Martin McNulty, Jr. as COO and Head of M&A and that Wesley Golby has been promoted to CIO. The appointments are effective immediately. McNulty most recently served as the Chief Executive Officer and a member of the board of directors at Starboard Value Acquisition Corp. (SVAC). Golby has served as Director of Research at Acacia since August 2020.
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QNRX | Hot Stocks08:42 EDT Quoin Pharmaceuticals announces submission of IND to FDA for QRX003 - Quoin Pharmaceuticals announced that its wholly-owned subsidiary, Quoin Pharmaceuticals, has submitted an Investigational New Drug, IND, application to the U.S. Food and Drug Administration, FDA, for QRX003, the Company's investigational product for Netherton Syndrome, a rare and devastating genetic disease for which there is currently no available treatment or cure. QRX003 is a topical lotion, formulated with a proprietary delivery technology, and contains a broad-spectrum serine protease inhibitor, whose mechanism of action is intended to perform the function of a specific protein, called LEKTI. "This is an important milestone for Quoin, and we'd like to thank everyone who participated in the preparation of the IND submission. We look forward to initiating clinical testing of QRX003 in this very underserved patient population," said Dr. Michael Myers, Chief Executive Officer of Quoin.
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CUEN | Hot Stocks08:41 EDT Cuentas donates $20,000 to Smile Train - Cuentas has donated $20,000 to Smile Train as part of their social sponsorship with the Miss Universe Organization, Miss Universe 2021, Andrea Meza and Miss Mexico 2021, Debora Hallal.
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VLDR | Hot Stocks08:41 EDT David Hall proposes removal of Velodyne Lidar Chairman Michael Dee for cause - David and Marta Hall, former executive officers of and the beneficial owners of approximately 10.1% of the outstanding common stock of Velodyne Lida issued the below letter regarding their decision to submit a business proposal seeking the removal of Chairman Michael Dee for cause and nominate three candidates for election to the Company's Board of Directors at the 2022 Annual Meeting of Stockholders. The letter said in part: "We are the largest stockholders of Velodyne Lidar, with collective ownership of approximately 10.1% of the Company's outstanding common stock. As indicated in recent 13D filings, we sold shares of Velodyne Lidar common stock for liquidity purposes because we are limited in the amount of shares we can sell in open market purchases in any three month period. ..We are incredibly proud that lidar's 3D capabilities have forever transformed the autonomous industry in its application to promote safe navigation, mapping, robotics and city intersection management. The possibilities are truly endless with innovative lidar technology. Unfortunately, Velodyne Lidar finds itself at a challenging crossroads today. Over the past sixteen months, as the Company's stock price has declined nearly 90%, we have been deeply troubled by certain directors' anti-stockholder actions and have made it a point to raise these concerns publicly. We attribute this extreme loss in stockholder value, neglect of technology and complete disregard for sound corporate governance directly to a broken Board of Directors under the control of Chairman Michael Dee. We believe Mr. Dee has breached his fiduciary duties and is more focused on advancing his own self-serving agenda than helping save the Company, as evidenced by his changing director classes to avoid having to stand for re-election at this year's Annual Meeting of Stockholders. This entrenchment maneuver, as well as additional examples of concerning conduct below, is why we have put forth a business proposal to remove Mr. Dee from the Board for cause and decided to nominate three candidates for election to the Board at the 2022 Annual Meeting. We firmly believe that new directors can help realign the Board's priorities away from rewarding insiders and toward respecting stockholders."
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TLLTF | Hot Stocks08:41 EDT Tilt Holdings amends purchase, sale agreement for Taunton, Mass. facility - TILT Holdings has signed an amendment to its previously announced definitive agreement to exercise its purchase option for ownership of its Taunton, Mass. facility. Pursuant to the terms of the Amendment, TILT paid to extend the closing of the transactions contemplated by the Purchase Agreement to a date that is on or before May 31, 2022. The mutually agreed-upon Amendment also extends the due diligence period and the deadline to determine whether TILT will acquire both Unit A and Unit B of the condominium comprising the Taunton facility until May 15, 2022.
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ALLR | Hot Stocks08:41 EDT Allarity provides update on Dovitinib program - Allarity Therapeutics provided an update on its lead dovitinib program. On February 18, 2022, the Company announced that the U.S. Food and Drug Administration had provided the Company with Refusal to File, RTF, letters regarding the new drug application, NDA, for dovitinib, and its accompanying pre-market approval, PMA, application for the DRP-Dovitinib companion diagnostic, for the third-line treatment of metastatic renal cell carcinoma. Following several weeks of analysis by Company leadership together with clinical and regulatory experts, Allarity has now filed a formal request with the FDA for a "Type C" meeting to further discuss potential clinical paths to support approval of dovitinib, together with its DRP-Dovitinib companion diagnostic, in view of the FDA's recent RTFs. The Company anticipates providing a further update on the outcome of its FDA meeting and the future of the dovitinib program before the end of the third quarter of this year. "We look forward to working closely with the FDA and we remain highly confident in the clinical profile of dovitinib, together with the DRP(R)-Dovitinib companion diagnostic. We are determined to further advance this product candidate as a potential new treatment option for cancer patients," said Allarity's CEO Steve Carchedi. "With clarification from the FDA following our requested Type C meeting, we hope to have a clinical path forward with the goal of refiling our NDA and PMA once additional clinical data are in hand ."
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DCT | Hot Stocks08:39 EDT Duck Creek Technologies OnDemand selected by Philadelphia Insurance Companies - Duck Creek Technologies announced that Philadelphia Insurance Companies has selected Duck Creek Policy and Duck Creek Producer from its full suite of software-as-a-service, SaaS, core system solutions to launch a new line of commercial insurance in North America. Philadelphia Insurance Companies is preparing to enter a new line to enhance their US commercial business offerings in 2023. "They chose Duck Creek OnDemand for its scalability, extensibility, and ease to launch commercial lines products using templated, low-code configurations. Duck Creek also offered PHLY a digital-first approach via Duck Creek Producer to optimize customer experience and enhance existing distribution channels," the company said. "I have long admired Philadelphia Insurance Companies and their mission to deliver innovative products to niche insurance markets," said Michael Jackowski, CEO of Duck Creek Technologies. "The most effective partnerships begin with alignment of purpose, and we share a strong belief in enhancing value to customers through continued innovation. This is an exciting opportunity for both companies to work together and create a new standard for small commercial insurance solutions in North America."
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FEAM | Hot Stocks08:39 EDT 5E Advanced Metals commences trading on Nasdaq - 5E Advanced Materials is pleased to announce that its' primary U.S. listing is now effective with the commencement of trading on the Nasdaq Global Select Market on March 15, 2022 under ticker symbol "FEAM." 5E's CHESS Depositary Interests will continue to trade on the Australian Securities Exchange under ticker symbol "5EA." Each FEAM share represents ten 5EA CDIs. In support of the Nasdaq listing, the Company has begun extensive investor outreach and non-deal marketing efforts in the U.S. with assistance from its capital markets advisor, BofA Securities.
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INUV | Hot Stocks08:37 EDT Inuvo, Halo Collar partner to promote go-anywhere wireless dog fence - Inuvo and Halo collar, developers and manufacturers of advanced IoT dog safety and training technology, partner to promote the go-anywhere wireless fence. "Halo collar is a game changer for pet owners and I know this because I am a client," said Rich Howe CEO of Inuvo. "The IntentKey AI-driven media solution has proven itself to be a unique and valuable asset to CEO/CMO advertising decision making across industries. Halo's increased engagement with prospective clients and their attentiveness to the ways the insights coming from the IntentKey can help drive creative, product, and partnership strategies is a testament to their data and technology-driven approach to business."
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WVE | Hot Stocks08:37 EDT Wave Life Sciences to highlight RNA base editing modality, AATD program - Wave Life Sciences announced that it will highlight its therapeutic A-to-I RNA base editing oligonucleotides at two upcoming scientific and industry meetings. Preclinical data for Wave's Alpha-1 antitrypsin deficiency AIMer program, including editing efficiency, AAT protein restoration and reduction of liver aggregates with repeat AIMer dosing out to 19 weeks, will be shared in a Featured Session at the 7th Annual Oligonucleotide & Precision Therapeutics Congress, taking place March 15-16, 2022 in Boston, MA and virtually. The company's progress toward, and leadership in, advancing a therapeutic RNA base editing platform capability and pipeline will be highlighted in five sessions at the 3rd RNA Editing Summit, taking place April 5-7 in Boston, MA. AIMers are designed to correct single base mutations in an RNA transcript, thereby avoiding permanent changes to the genome that occur with DNA-targeting approaches. Rather than using an exogenous editing enzyme, AIMers recruit proteins that exist in the body, called ADAR enzymes, which naturally edit certain adenine bases to inosine, which cells read as guanine. This approach redirects a natural system for therapeutic purposes, relies on simplified delivery, and avoids the risk of irreversible off-target effects of DNA-targeting approaches. AIMers are short in length, fully chemically modified, and use novel chemistry, including proprietary PN backbone modifications and chiral control, that make them distinct from other ADAR-mediated editing approaches. Recently, data highlighting Wave's foundational AIMer technology were published in Nature Biotechnology.
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MANH | Hot Stocks08:35 EDT Manhattan Associates' Active Warehouse Management selected by RNDC - Manhattan Associates announced that Republic National Distributing Company, RNDC, one of the nation's leading wholesale beverage alcohol distributors, has selected Manhattan Active Warehouse Management to run a supply chain network that is rapidly growing in size and sophistication. The company selected the Manhattan Active Warehouse Management solution and plans on aggressively rolling it out in its distribution centers across North America over the next 30 months.
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TREE KEY | Hot Stocks08:35 EDT EarnUp closes $31M Series C funding round - EarnUp closed an oversubscribed $31 million Series C financing round. Included in this round are new strategic investors, LendingTree (TREE) and KeyBank (KEY), in addition to leading institutional investors, Bain Capital Ventures, SignalFire, Blumberg Capital, and Flourish Ventures. The company said, "With this latest round of funding, EarnUp will build on its mission to create a financial system that works for everyone by expanding its reinvention of payment and data flows for the mortgage industry that support borrowers, lenders, and servicers. The company's solutions reduce damaging delinquent and missed payments that harm credit scores and mortgage portfolios, and also streamline business operations in an effective, inclusive, and compassionate way."
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JWA... | Hot Stocks08:35 EDT Wiley to change NYSE ticker symbols - Wiley announced it is changing its NYSE ticker symbols from "JW-A" and "JW-B" to "WLY" and "WLYB," effective April 1.
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WETF | Hot Stocks08:34 EDT WisdomTree names ESG heads - WisdomTree Investments announced that Ben Wallach and Heather Reisner have been promoted to drive the firm's client-first ESG strategy in the U.S. Ben joined WisdomTree in 2011, focusing on product and business development for over a decade at the firm and is now Head of Product Development & ESG. Heather has been with WisdomTree since 2018 in a role overseeing the development of new products and management of existing products and is now Senior Associate, Product Development & ESG. WisdomTree, which offers three core integrated ESG ETFs in addition to ESG-screened funds and model portfolios as well as a suite of ex-state owned funds, ranks among the top 10 ESG ETF providers in the U.S. with assets in related funds totaling over $4 billion.
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CTSDF IBM | Hot Stocks08:34 EDT Converge Technology appoints John Teltsch as CRO - Converge Technology Solutions is pleased to announce the appointment of John Teltsch to the Company's Senior Leadership team as Chief Revenue Officer. John brings more than forty years of leadership and growth experience to this role, in which he will work closely with Greg Berard, President of Converge, to oversee profit alignment, connect various revenue-related functions, and execute the Company's global strategy. John is a Senior Executive who joins Converge following a decades-long career with IBM, during which he held various leadership positions spanning the entire organization and across the globe, most recently, as General Manager of Technology Sales across the U.S, Canada, and Latin America.
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ACCO | Hot Stocks08:33 EDT Acco Brands names Deborah O'Connor CFO - ACCO Brands announced that Deborah A. O'Connor has been named as Executive Vice President and Chief Financial Officer, effective April 4. "Deb is an experienced Chief Financial Officer with a track record of delivering value with deep operational, industry, mergers and acquisitions, international and public company accounting experience. We're excited to have her join ACCO Brands and help lead our transformation to a faster growing brand-, consumer- and technology-centric company," said Boris Elisman, ACCO Brands Chairman and Chief Executive Officer.
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UAMY | Hot Stocks08:32 EDT US Antimony initiates detailed geophysical program at Los Juarez - Montana: Modifications to two new furnaces used to produce antimony trisulfide were necessary after we experienced 3 separate furnace element failures. It was determined that sulfur gas emitted during the pour was finding its way into the chamber with the heating elements. To mitigate this the following modifications have been made: High-temperature seals installed between furnace walls and top of crucible. The introduction of low-pressure compressed air into the chamber surrounding the crucible and containing the heating elements. The introduction of a vent hole in the lid of the furnace for relieving any tendency for outgassing to contact heating elements. A hydraulic pressure reduction valve on each furnace to allow finer control of the tilting mechanism during pouring. These modifications were necessary after assessing the performances of both furnaces while producing test batches of antimony trisulfide in early October. These furnaces produced 3,091 lbs of antimony trisulfide in Jan-Feb time period. Two additional electric furnaces have been ordered in anticipation of demand and also to reduce down-time for servicing. Montana: Mitzi Hart was hired in an official capacity 7 Jan 2022 as antimony Sales Manager. Marilyn Sink, our Plant Manager trained Mitzi to take over the Plant Manager duties. Mitzi has an excellent resume and so far has made significant improvements and contributions to sales and management. Antimony prices have continued to rise beginning in mid-2020 and the rate of increase has accelerated recently with events in China and the Ukraine. Our average sale price for this period has increased by 70% since this time last year. Ambri Inc: The dual-deck classifier to upgrade the rate, quality, and quantity of product to supply to Ambri was used to produce 1,000 kgs of antimony purchased by them. This product has met with their approval for their green molten antimony metal wind/solar grid storage battery and we have received another two orders from Ambri for 1, 500 kgs each. Los Juarez Property/Puerto Blanco floatation facility: About 200 tons of 2,000 tons of ore from the Los Juarez property has so far been processed at our Puerto Blanco floatation facility. The ore is being converted to an antimony concentrate whose primary value is in the precious metals. This 2,000 tons was selected from mined open pits at Los Juarez. Once a meaningful percentage of the 2,000 tons has been processed, USAC will have improved data for expected feed-grade and precious metal recoveries. USAC wired funds for our head geologist in Mexico, Felipe Yapur, to travel to and stay in Los Juarez with one of our miners and caretakers of equipment on the property. Felipe's initial task, assisted by our Manager of Operations in Mexico, Herriberto Torres, will be to outline the survey area, obtain permission from neighboring surface right owners, designate personnel from Los Juarez to employ in assisting in the preparation of the survey lines, and coordinate and program with specialists from each survey being performed. Geophysics will include Very Low Frequency Electromagnetic, Magnetometer and included Induced Polarization surveys on a grid. Line cutting using 100 meter spacing will be done on an area of approximately 0.6 km in the N-S direction by approximately 3.0 kms in the E-W direction.
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JPM | Hot Stocks08:32 EDT JPMorgan to acquire Global Shares, terms not disclosed - J.P. Morgan announced that it has entered into an agreement to acquire Global Shares, a cloud-based provider of share plan management software. Global Shares' employee ownership solutions cover the entire company lifecycle, and caters to corporates worldwide. The deal, the terms of which have not been disclosed, is subject to regulatory approvals and closing. The transaction is expected to close in the second half of 2022.
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UAMY | Hot Stocks08:30 EDT US Antimony: Improvements in production, efficiency continue at all locations - United States Antimony is pleased to provide this operational update. The improvements in production and efficiency continues at all locations. A detailed geophysical program at Los Juarez has been initiated and the head geologist is at Los Juarez. All Company operations reported zero lost time or serious injury accidents during the January-February Period. There were zero environmental spills, discharges, or incidents during the period. The previously announced pro-active program of legacy slag clean-up at the Madero Smelter continued and is now 86% complete. Concurrently, the Company is aggressively reducing its stockpile of legacy slags in Montana. In January, 80,000 lbs were shipped and in February 120,000 lbs were shipped. The Company has 178,000 lbs of this legacy slag left to ship. BRZ: Construction of the new 50'x100' warehouse and the 40'x60' shop continued. Each structure has wall footings poured and overburden gravel taken from the mine pit in preparation for the pouring of the floors has been completed. The shop floor and general design will facilitate servicing of all rolling stock as well as all plant equipment. Both structures should have completed framing by late April. The new classification machine for Line #1 was designed and ordered in February and scheduled to ship March 18th. Two new motors on two different machines for the crude size-classification of zeolite in the crushing process were ordered and received and are going to be installed to replace existing ones with bad bearings. Multiple, previously delinquent accounts with vendors for equipment have been addressed and corrected. Improvements to the new jaw crusher were made that eliminated vibration. The apron feeder speed controller was improved and a bad apron segment replaced. Two base-unit radios were purchased for use in the crusher room and office to aid in plant-wide communication. Three employees were replaced and two were let go. A secondary stockpile patio was created and is planned to store extra mined ore for access during winter months to improve production capacity during winter. USAC received approval from Cat Finance and has agreed to purchase a Cat 740 haul truck to replace the aging one that was in service. USAC intends to purchase a replacement for its 988B loader to further aid in production. Mexican Smelter: The Mexican Smelter operations continued to produce finished antimony metal. For this period, two truckloads of finished metal were produced and sold. All smelted material at our Mexican Smelter is being converted to purified antimony metal for sale. This is a 3-stage process converting the ore firstly to crude antimony oxide, secondly to crude antimony metal, and finally to purified antimony metal in ingot form. Consequently, USAC is only reporting its production and sales of antimony ingot sales for these months as all other product is considered 'work in process' material. Whereas prior management sent crude oxide to its plant in Montana for finishing and selling, USAC intends to sell antimony ingots directly from its Mexican smelting facility for now. The long-term plan is to produce and sell finished ingots from Mexico until updates to the facilities there can be made affording the ability to produce finished oxide there also. A series of metallurgical experiments were conducted in our small rotary furnaces in February. The result of these experiments resulted in the proven reduction in the necessary quantity of sodium carbonate by at least 50%. The new process has been implemented and has been running successfully for 4 weeks. As part of the smelter infrastructure upgrade project, a program to clean-up and process approximately 2,000 tons of legacy slag was undertaken and is now 86% complete. One of the three Large Rotary Furnace filter baghouses has been completely updated including the replacement of 160 filter bags and cages, for the first time sourced and purchased from within Mexico.
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RBLX | Hot Stocks08:28 EDT Roblox reports February DAU 55.1M, up 28% - Roblox released certain key metrics for February. Daily active users were 55.1M, up 28% year over year. Hours engaged were 3.8B, up 21% year over year. Estimated bookings for February were between $203M and $206M, down 2%-4% year over year. Estimated average bookings per daily active user was between $3.68 and $3.74, down 24%-25% year over year. Revenue is estimated to be between $204M and $207M, up 60% - 63% year over year.
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CLSH | Hot Stocks08:27 EDT CLS Holdings reports February net revenue $1.98M - CLS Holdings USA announced a strong start to the new year with the release of the financial and operational results for its Nevada wholly owned subsidiaries for January and February 2022. Despite decreasing overall retail numbers in the state of Nevada, BDS Analytics data for City Trees showed remarkable growth and numbers, as CLS continues to surpass expectations with its revenue and gross profit margins. CLS Nevada January and February 2022 Financial and Operational Highlights: BDS Analytics Data for City Trees Sales for January 2022: City Trees Total Retail Sales for January 2022 were $1.05 million versus $340,000 for January 2021, an increase of 195.5%; City Trees Total Units Sold for January 2022 were up 47.8% from the comparable month of the previous year; During January 2022, City Trees Brand Share was 6.3% of the entire cannabis market in the state of Nevada; City Trees ranked as the #2 brand in Total Sales and Total units sold across the entire concentrate category in the state of Nevada during January 2022; City Trees continued to be the #1 Tincture brand in all Nevada during January 2022. CLS' net revenue in February was $1.98 million, an increase of 32% YOY and by 72% from 2020. At 55%, CLS continued to achieve its goal of a greater than 50% gross profit margin in February with Oasis attaining 53% and City Trees achieving 57% gross profit margin. City Trees achieved net revenue of $812k in February an increase 122% YOY. CLS will be holding its first ever quarterly investor call this April. CLS' retail division, Oasis cannabis saw an increase of net revenue of 3.2% YOY and 32% over 2020 while the Nevada cannabis market was down by almost 10% in February 2022.
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AMTX | Hot Stocks08:24 EDT Aemetis signs agreement with Qantas to supply 35M gallons of SAF - Aemetis announced that an offtake agreement has been signed with Qantas Group and Qantas Airlines for 35M gallons of blended sustainable aviation fuel, SAF, to be delivered over the 7 year term of the agreement. The value of the contract including incentives is approximately $250M. The sustainable aviation fuel is expected to be produced by the Aemetis renewable jet/diesel plant under development on a 125-acre former U.S. Army Ammunition production plant site in Riverbank, California. The blended sustainable aviation fuel is scheduled to begin deliveries to Qantas in 2025. "The use of sustainable aviation fuel by Qantas is another step toward lowering the environmental impact of aviation," stated Eric McAfee, Chairman and CEO of Aemetis. "Our supply of SAF to the San Francisco International Airport is supported by the California Low Carbon Fuel Standard, creating new investment and jobs in disadvantaged minority communities in the state."
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MRSN | Hot Stocks08:22 EDT Mersana to present analysis from expansion cohort of Phase 1 trial of UpRi - Mersana Therapeutics announced that it will present an analysis based on the June 10th, 2021 data cut from the expansion cohort of the Company's Phase 1 trial of upifitamab rilsodotin at the upcoming Society of Gynecologic Oncology Annual Meeting on Women's Cancer being held from March 18-21, 2022 in Phoenix, Arizona. UpRi is a Dolaflexin ADC targeting NaPi2b and is being studied in UPLIFT, a single-arm registrational trial in patients with platinum-resistant ovarian cancer, as well as in UPGRADE, a Phase 1/2 umbrella trial evaluating UpRi in combinations starting with carboplatin. The Company plans to initiate UP-NEXT, a Phase 3 trial of UpRi monotherapy maintenance in platinum-sensitive recurrent ovarian cancer with a design informed by FDA and CHMP feedback, in the second quarter of 2022. "The upcoming presentation at SGO will include analysis from the nearly 100 patients with ovarian cancer treated in the expansion cohort of our UpRi Phase 1 trial based on the June 10th, 2021 data cut which supported the decision to select 36 mg/m2 as the recommended Phase 2 dose for UPLIFT. The data highlight UpRi's robust clinical activity and differentiated safety profile which further support the design of the ongoing UPLIFT registrational trial in platinum-resistant ovarian cancer," said Anna Protopapas, President and CEO of Mersana Therapeutics.
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DTSS | Hot Stocks08:21 EDT Datasea launches Ultrasonic Sound Sterilization, Antivirus Equipment - Datasea announced that it has launched the Ultrasonic Sound Sterilization and Antivirus Equipment targeting different application scenarios and planned to enter the US market with acoustic intelligence products. The company said, "The Ultrasonic Sound Sterilization and Antivirus Equipment features innovative acoustic intelligence powered disinfection that has proven to be able to purify air, reduce bacteria and viruses such as COVID-19 and H1N1 by over 99.9% through the research conducted by third-party laboratories. As sterilization and antivirus equipment combines ultrasonic sound effects with optics, it achieves high sterilization efficiency in normal temperature without human contact, peculiar odor, or environmental damage, and can respond to a wide range of disinfection needs. Datasea has prepared products targeting public and private application scenarios such as hospitals, airport, logistic warehouse, cold chain transportation and home care. Datasea's plan to enter the U.S. market is pursuant to the growth strategy and commitment to tap acoustic intelligence's full business potential. Based on the market potential analysis and product readiness, Datasea plans to introduce in U.S. the Ultrasonic Sound Sterilization and Antivirus Equipment and acoustic intelligence products in agriculture as the first step of the global footprint expansion. The acoustic intelligence products in agriculture utilize sound waves in the frequency range of 15-900Hz to carry out a large-scale harmless pest repellent and target rodents and insects, which is much needed by an agricultural giant like the United States."
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FSRD... | Hot Stocks08:20 EDT Fast Radius appoints new general counsel, chief accounting officer - Fast Radius (FSRD) announced it has named Erin Stone as General Counsel and Corporate Secretary, and James Erkenswick as Chief Accounting Officer. In her capacity as General Counsel and Corporate Secretary, Stone will serve as a strategic and legal advisor to Fast Radius's board of directors and management and will oversee all legal and compliance matters for the company. In his role as Chief Accounting Officer, Erkenswick will have leadership over the preparation of all financial accounting, audit and internal controls matters, and the preparation of Fast Radius's external reporting materials. Prior to Fast Radius, Stone served as Vice President and Deputy General Counsel, Corporate and Securities at Groupon (GRPN). Most recently, Erkenswick served as Vice President, Assistant Controller at Baxter International (BAX).
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GANX | Hot Stocks08:19 EDT Gain Therapeutics presents data from its Parkinson's, Alzheimer's programs - Gain Therapeutics presented new pre-clinical data from its Parkinson's and Alzheimer's Disease programs. These results were highlighted in a poster presentation at the International Conference on Alzheimer's, AD, and Parkinson's Diseases, PD, being held March 15 - 20, 2022 virtually and in Barcelona, Spain. The data shows that improvement of the lysosomal function through the enhancement of glucocerebrosidase levels and activity can improve key pathological features in alpha-synucleinopathies and AD. "We are excited to present this data that provides further evidence of the significant therapeutic potential of our STAR small molecules in neurodegenerative diseases, including Parkinson's and Alzheimer's Disease," said Eric Richman, Chief Executive Officer of Gain. "It also continues to validate our computational target and drug discovery platform that is uniquely suited to identify novel allosteric binding sites and small molecule that regulate protein function." The presentation titled "Brain-penetrant Structurally targeted Allosteric Regulators for Glucocerebrosidase Show Promising Pharmacological Activity in Models of Parkinson Disease" demonstrated the following results: Orally bioavailable and brain-penetrant lead STARs reduce neurotoxicity derived from the accumulation of toxic oligomeric species of Abeta and alpha-synuclein; In the CBE-induced PD mouse model, treatment with the STAR small molecule resulted in: Decrease of CBE-induced neurotoxicity and motor deficit, Decrease of toxic forms of alpha-synuclein, Decrease of neuroinflammation. In an Abeta 1-42-induced AD neuronal model, treatment with the STAR small molecule resulted in: Decrease of Abeta 1-42-induced neurotoxicity, Decrease of hyperphosphorylated tau, Increase of neuronal survival, Improvement of the neurite network.
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POET | Hot Stocks08:18 EDT Poet Technologies provides update on showing at Optical Fiber Conference - POET Technologies reported on its appearance at the Optical Fiber Conference in San Diego, CA on March 8 -10 featuring live demonstrations of its recently announced 200G FR4 Transmit and 400G FR4 Receive Optical Engines. "The POET exhibit had a continuous stream of attendees, including industry leaders, analysts and media," said Dr. Suresh Venkatesan, CEO of POET Technologies. "Our live demos attracted a variety of existing and potential customers, suppliers and business partners as the only company exhibiting chip-scale integrated FR4 optical engines. FR4 is a multiplexed standard that transmits and receives up to 2 kilometers, compared to its DR4 counterpart which supports a parallel four-lane standard limited to 500m. The number of fibers required is also a factor, with DR4 requiring eight per module and FR4 requiring only two per module. Additionally, the small footprint of our optical engines was literally met with amazement. We overheard many comments about the incredible compact size of our optical engines and the elegance of the engineering, demonstrating once again that "seeing is believing". Overall, the exhibition was an overwhelmingly successful event for POET, especially ahead of our Nasdaq debut yesterday. We had 40-50 meetings overall and are rapidly gaining traction with potential customers, including data center operators, networking systems and AI vendors and module companies," said Vivek Rajgarhia, President of POET Technologies. "Some of the more interesting partnering opportunities were with innovative device companies, looking to utilize POET's platform for the next generation of optical engines for transceivers and co-packaging applications. The Optical Interposer is an integration platform that is agnostic to the material system that any given device is built from, meaning that we can select the 'best of breed' for the specific application rather than trying to do everything in silicon or any other material. This distinctive feature of the POET Optical Interposer technology, among others, means that we can address applications where conventional free-space optics or traditional silicon photonics cannot. We believe that POET represents the future of photonics integration."
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BGNE | Hot Stocks08:18 EDT BeiGene, Mediso announce Israel approval, reimbursements for BRUKINSA for WM - BeiGene and Medison Pharma announced that the State of Israel Ministry of Health has approved BRUKINSA zanubrutinib for the treatment of adult patients with Waldenstrom's Macroglobulinemia, WM. BRUKINSA is reimbursed nationally for patients with second- or third-line WM. This is the second approval for BRUKINSA in Israel, following its initial marketing and reimbursement approval in 2021 for patients with mantle cell lymphoma MCL who have received at least one prior therapy.
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BWAY | Hot Stocks08:17 EDT Brainsway to host KOL webinar on Deep TMS Therapy - BrainsWay announced that it will host a key opinion leader webinar on the use of Deep TMS Therapy for treating anxious depression on Tuesday, March 22, 2022, at 10:30 am Eastern Time. The webinar will feature a presentation from KOL Shan H. Siddiqi, M.D., from Harvard Medical School, who will discuss the current treatment landscape and unmet medical need in treating patients with anxious depression. Dr. Siddiqi will be available to answer questions following the formal presentations. The BrainsWay management team will also discuss how its Deep TMS therapy works in the treatment of anxious depression. BrainsWay's Deep TMS therapy is the only TMS system that is FDA-cleared for safety and efficacy to reduce comorbid anxiety symptoms in adult patients with depression.
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BGNE | Hot Stocks08:17 EDT BeiGene Mediso announce Israel approval, reimbursements for BRUKINSA for WM - BeiGene and Medison Pharma announced that the State of Israel Ministry of Health has approved BRUKINSA zanubrutinib for the treatment of adult patients with Waldenstrom's Macroglobulinemia, WM. BRUKINSA is reimbursed nationally for patients with second- or third-line WM. This is the second approval for BRUKINSA in Israel, following its initial marketing and reimbursement approval in 2021 for patients with mantle cell lymphoma MCL who have received at least one prior therapy.
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WTT | Hot Stocks08:16 EDT Wireless Telecom to showcase test, measurement solutions for 5G satellite comms - Wireless Telecom Group announced that it will showcase its unique solutions for testing a variety of satellite communications during SATELLITE 2022 at Booth 243. As the number of low Earth orbit satellites continues to increase, ground stations must contend with escalating noise floors and complex RF interference challenges. An in-booth demonstration will highlight how to test for system robustness and resilience in the presence of this interference by generating controllable and sophisticated noise signals to test an amplifier to its noise tolerance limits. In addition, time division duplex is pivotal for 5G satellite communications networks due to its optimizations to spectrum management, but success hinges on rapid uplink/downlink signal switching that maintains reliability and precision. A second demonstration will capture the swift performance of TDD pulses with leading test instrumentation to enable next-generation high-performance satellite communications. Capabilities and solutions emphasized across both demonstrations include: High-performance, low phase noise satellite signal generation. Custom noise generation solutions that replicate potential RF interference a satellite system may encounter once deployed. Real-time phase noise analysis under varying power levels and noise floors to analyze satellite signal integrity. Pulsed 5G TDD signal generation via a 5G gNodeB or a standalone RF synthesizer module. RF power sensors with superior performance and capabilities that are uniquely suited to capture and test high-speed 5G TDD satellite signals.
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ENPH | Hot Stocks08:16 EDT Enphase Energy acquires SolarLeadFactory - Enphase Energy announced the acquisition of SolarLeadFactory. Founded in 2012, the company provides high quality leads to solar installers. "For the past two years, we have executed on our installer digital platform strategy with the acquisitions of Sofdesk for solar design software, DIN's solar business for proposal and permitting services, 365 Pronto for O&M platform software, and now SolarLeadFactory for high-quality lead generation," said Badri Kothandaraman, president and CEO of Enphase Energy. "We chose the SolarLeadFactory team based on their high-quality mindset and operational efficiency. We are pleased to welcome the team and SolarLeadFactory's customers to Enphase."
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SOFI | Hot Stocks08:15 EDT SoFi CEO Noto buys 19,042 shares at price of $7.85 - SoFi Technologies CEO Anthony Noto disclosed last night the purchase of 19,042 shares at a price of $7.85 Noto now owns 2,964,795 shares of SoFi.
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CSTM | Hot Stocks08:14 EDT Constellium files annual report on Form 20-F - Constellium has filed its annual report on Form 20-F for the year ended December 31, 2021 with the U.S. Securities and Exchange Commission.
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NLTX HMST | Hot Stocks08:14 EDT Neoleukin Therapeutics appoints Cochener as general counsel, SVP legal - Neoleukin Therapeutics (NLTX) announced the appointment of Donna Cochener as General Counsel, Senior Vice President, SVP, Legal. Cochener joins Neoleukin after serving as Senior Vice President, Deputy General Counsel at HomeStreet (HMST), the parent company of HomeStreet Bank.
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RSVR | Hot Stocks08:13 EDT Reservoir Media announces publishing deal with Killer Mike - Reservoir Media announced a global publishing deal with Grammy-winning artist and songwriter Michael Render aka Killer Mike, who is part of the popular hip-hop super duo, Run The Jewels. The deal includes his entire catalog and future works. The Atlanta-born Mike has released four studio albums alongside his Run The Jewels partner, EL-P. Their most recent, RTJ4, soared to the Top 10 on the Billboard 200 and was met with widespread critical acclaim, landing at #1 on NME's The Best 50 Albums of 2020 list. Named the 2020 Spin Magazine Artist of the Year, Run The Jewels have won eleven Libera Awards, including the 2021 A2IM Humanitarian Award, took home four Clio Awards, including two Gold-winning Music Marketing campaigns, and received a 2018 Grammy nomination for Best Rap Song. The duo confirmed a tour with Rage Against The Machine, set for later this year.
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ZBRA | Hot Stocks08:13 EDT Zebra to acquire machine vision company Matrox Imaging for $875M - Zebra Technologies announced it intends to acquire Matrox Imaging . This acquisition further expands Zebra's offerings in the fast-growing automation and vision technology solution space. Last year, Zebra introduced its fixed industrial scanning and machine vision portfolio and acquired Adaptive Vision and Fetch Robotics. The acquisition of Matrox Imaging expands the portfolio of machine vision products, software and services Zebra can offer customers to help them thrive in the on-demand economy that is constrained by both labor shortages and limited supply of upstream goods and materials. Matrox Imaging's solutions complement Zebra's recently launched fixed industrial scanning and machine vision portfolio as well as significantly augment Zebra's growing expertise in software, machine learning and deep learning. Zebra expects to fund the $875M purchase price with a combination of cash on hand along with fully committed financing under its credit facility. The transaction is subject to customary closing conditions, including regulatory approval and is expected to close in 2022. Matrox Imaging generates annual sales of approximately $100M with a higher profit margin profile than Zebra.
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PHG | Hot Stocks08:13 EDT Philips announces latest Philips Capsule Surveillance receives FDA clearance - Royal Philips announced at HIMSS22 that the latest Philips Capsule Surveillance solution has received 510(k) market clearance from the U.S. Food & Drug Administration, paving the way for widespread deployment across healthcare systems in the USA. The solution aggregates patient data, analyses it to generate actionable insights and alerts, and sends timely notifications to the patient's caregivers so that they can intervene before deterioration progresses further. "This FDA clearance of the latest release of clinical surveillance solution enables more integrated viewing options within EMR and HIT tools through the secure web-based user interface. The updated intended use provides flexible deployment configurations that Philips Capsule can offer to hospitals and health systems in the USA," said Elad Benjamin, general manager of Clinical Data Services at Philips. "Properly implemented clinical surveillance has the potential to significantly improve patient outcomes by helping to avoid deterioration, while also improving the care team experience via clinical decision support and minimizing the burden of false and clinically unactionable alarms."
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ASPU | Hot Stocks08:11 EDT Aspen announces closing of convertible notes, revolving credit facility - Aspen Group announced the closing of $10 million in convertible notes and a $20 million revolving credit facility. Proceeds from the $10 million received at closing will be used for general corporate purposes, including funding the Company's expansion of its BSN Pre-Licensure nursing degree program. The financing closed on Monday, March 14, 2022. The $10 million of convertible debt matures in five years from the issuance date and pays interest monthly at the rate of 12% per annum. These notes are convertible into shares of the Company's common stock at the lender's option at a conversion price of $1.00 per share any time after the issuance date. In addition, the notes are mandatorily convertible into shares of common stock should the closing price of the common stock be at least $2.00 per share for 30 consecutive trading days. This mandatory conversion is subject to each lender's 9.9% beneficial ownership limitation and subject to the Nasdaq combined 19.99% requirement until the Company's stockholders approve further conversion. The balance of the financing is a one-year, $20 million secured revolving line of credit that will require monthly interest payments on sums borrowed at the rate of 12% per annum. No sums have been borrowed as of this date. Currently, the Company does not anticipate making drawdowns on the revolving credit line. The Company paid a 1% commitment fee at closing and if the revolving credit facility has not been replaced in six months of the closing date, it must pay another 1% commitment fee. These financings will provide capital for Aspen Group to continue expanding its national footprint of BSN Pre-Licensure campuses in states with rapidly growing populations and to pursue a marketing strategy to support growth of its post-licensure nursing degree programs.
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ATGE | Hot Stocks08:11 EDT Adtalem Global Education initiates $150M accelerated share repurchase program - Adtalem Global Education entered an accelerated share repurchase agreement with Morgan Stanley & Co. to repurchase $150M of the company's common stock. In addition to the $150M ASR program, the Adtalem board of directors also authorized open market share repurchases of up to $300M of the company's common stock over the next 36 months, both of which were previously announced on March 1.
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CHRS SPRB | Hot Stocks08:11 EDT Coherus Biosciences appoints Dias as Chief Medical Officer - Coherus BioSciences (CHRS) announced Rosh Dias, MD, MRCP, has been appointed Chief Medical Officer. Dr. Dias will serve as a member of the Company's executive leadership team and oversee a number of clinical functions including medical affairs, clinical operations, pharmacovigilance and clinical development. Dr. Dias joins Coherus most recently from Spruce Biosciences (SPRB) where he was the Chief Medical Officer.
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ATIF | Hot Stocks08:10 EDT ATIF Holdings makes investment in iDea Electronics - ATIF Holdings announced it has made a strategic investment in iDea Electronics, a consumer technology innovator that delivers a broad range of consumer electronics and home environment products. ATIF now holds a 15% equity stake in iDea and is providing comprehensive IPO Advisory services to iDea as it prepares for an initial public offering in 2022. iDea Electronics has built strong recognition for its brand "iDeaPLAY."
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EYEN | Hot Stocks08:09 EDT Eyenovia announces study results on Optejet - Eyenovia announced positive results from a research study conducted in collaboration with Dr. Pedram Hamrah, Interim Chairman of Ophthalmology at Tufts Medical Center, which evaluated the ocular surface damage from Latanoprost+Benzalkonium Chloride treatment administered via Optejet versus Latanoprost+BAK administered via standard eye drops. Per the study design, conjunctival epithelial cells were exposed to drug by standard drop or Optejet microdose technology. Cell-based assays were then conducted to assess cell viability, cytotoxicity, apoptosis, ROS generation and ATP generation. The study found that human conjunctival epithelial cells tolerated Latanoprost+BAK treatment administered via Optejet technology significantly better than Latanoprost+BAK administered via standard drops. Optejet technology had similar results to both latanoprost without BAK and no-treatment controls with respect to all four measures.
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BLCT | Hot Stocks08:09 EDT Blued reiterates commitment to online safety on World Consumer Rights Day - Blued is reiterating its commitment to ensuring the safety of its users this World Consumer Rights Day with a series of in-app features and operational efforts. By investing in cutting-edge technologies such as AI, Blued is ramping up its efforts in user privacy protection, anti-fraud, and user reporting, to ensure that its platform remains a safe and respectful environment. Protecting user privacy is central to Blued's mission. It prohibits users from taking a screenshot or recording a video while using the app. Users can choose to send ephemeral photos that disappear within seconds of being viewed, and they can also set their photo albums to private. Paid users have the option of replacing the Blued app icon with another image, as well as hiding their exact location in the "explore" page. To crack down on fraudulent accounts, Blued has formed a dedicated anti-fraud team that covers security, risk control, and technical AI identification. It developed a proprietary AI identification technology in 2021 that notifies users when there is a potential risk of fraud, while it sends in-app warnings when sensitive words are detected in private chats. Blued also carries out regular online safety campaigns to raise awareness on the issue. Blued has also improved its reporting mechanism by leveraging the latest in AI risk control and manual auditing. Users can report problematic behavior in the app's dedicated channel, which is then picked up by the 24/7 report handling team. This is to ensure that any issues are tackled with speed, so that users can enjoy the Blued experience.
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IMAB | Hot Stocks08:08 EDT I-Mab provides update on the HFCAA and its implementation - I-Mab provides updates on the recent development relating to the Holding Foreign Companies Accountable Act, or HFCAA, and its implementation. The SEC released on March 8, a provisional list of issuers identified as "Commission-Identified Issuers" under the HFCAA because the Public Company Accounting Oversight Board, or PCAOB, is unable to inspect or investigate completely the registered public accounting firms that issued audit reports for those companies. As of the date of this press release, I-Mab is not on this list. I-Mab has taken proactive measures in response. The Company has implemented additional business processes and control changes to meet the requirements set forth in the HFCAA. The measures include, subject to compliance with applicable rules and regulations, engaging an accounting firm that is subject to inspection by the PCAOB for the preparation of its audit reports commencing from the FY22. Such compliance measures are expected to be effective in the 2022 annual report. Additionally, the Company is considering all viable options to offer the Company's existing shareholders additional trading flexibility and will make public announcement to disclose any material updates and progress with respect to its efforts in this regard when appropriate.
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VVNT | Hot Stocks08:08 EDT Vivint Smart Home names Ron Davies as company's first Chief Insurance Officer - Vivint Smart Home announced that Ron Davies has been named chief insurance officer. In this newly created role, Davies will lead all aspects of Vivint's growing smart insurance business, including the development of its market strategy, the company's development of its MGA with proprietary products, as well as its insurance agency. Davies will report to Vivint CEO, David Bywater.
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OPRX | Hot Stocks08:07 EDT OptimizeRx acquires EvinceMed, terms not disclosed - OptimizeRx announced a definitive agreement to acquire the EvinceMed platform and related assets. The company said, "EvinceMed is a leader in delivering end-to-end automation for specialty pharmaceutical transactions. The acquisition includes the full Market Access Management Platform supporting pharma manufacturers, hub providers and pharmacies to improve patient access, speed to therapy and activation of affordability programs. With the EvinceMed platform, OptimizeRx will be able to help patients get access to the drugs they need by simplifying the prescribing process for specialty products, automating manual steps to determine drug eligibility and affordability, and introducing electronic enrollment and medical documentation within workflow across the OptimizeRx network of over 300 electronic health record systems, ePrescribing platforms, and account-based marketing technologies spanning more than 700 thousand providers. The integration of the EvinceMed and OptimizeRx platforms has already begun with an exclusive collaboration that began last year. Full integration of the technology assets will further the Company's ability to help patients start and stay on therapy."
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ALEC | Hot Stocks08:07 EDT Alector presents AL001 data from the FTD-C9orf72 cohort of INFRONT-2 Phase 2 - Alector presented results from the INFRONT-2 Phase 2 clinical trial of AL001 in frontotemporal dementia patients, FTD, with a C9orf72 genetic mutation, FTD-C9orf72, at the AD/PD 2022 International Conference on Alzheimer's and Parkinson's Diseases and related neurological disorders taking place virtually and in person in Barcelona, Spain. Latozinemab is a potential first-in-class monoclonal antibody designed to elevate progranulin, a key regulator of immune activity and lysosomal health in the brain. FTD is a rare and rapidly progressing neurodegenerative disease that is the most common form of dementia for people under the age of 60. Today's data from the FTD-C9orf72 cohort build upon the results observed in the Company's studies to date in FTD-GRN patients. The results presented include 12-month data from up to 10 symptomatic FTD-C9orf72 patients treated with 60 mg/kg of latozinemab every four weeks in an open-label study designed to primarily assess the safety and tolerability of chronic dosing. The study also includes exploratory clinical outcomes assessments and biomarkers. Highlights from the presentation included the following observations: Latozinemab was generally well tolerated when administered monthly for a year or more; Latozinemab elevated progranulin in both plasma and cerebrospinal fluid in FTD-C9orf72 patients for the duration of treatment; Clinical outcome assessments using the CDR plus NACC FTLD-SB scale found that when compared to a matched control cohort from the ALLFTD consortium, treatment with latozinemab in FTD-C9orf72 patients resulted in a trend toward a delay of approximately 54 percent in annualized disease progression; Mean levels of neurofilament light chain, a marker of axonal damage, remained stable over the course of treatment in both plasma and CSF; Mean levels of glial fibrillary acidic protein, a biomarker of astrogliosis that is an indicator of disease and/or injury to the central nervous system, decreased over 12 months in both plasma and CSF.
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JOBY | Hot Stocks08:07 EDT Joby Aviation nears completion of Part 135 Air Carrier Certificate from FAA - Joby Aviation announced the company has begun the fourth of five stages to receive its Part 135 Air Carrier Certificate from the Federal Aviation Administration, or FAA. A Part 135 Air Carrier Certificate is required for Joby to operate its revolutionary electric vertical take-off and landing (eVTOL) aircraft as an air taxi service in cities and communities around the United States. Alongside a Type Certificate and Production Certificate, this is one of three regulatory approvals critical to the planned launch of Joby's all-electric aerial ridesharing service in 2024. The fifth phase is FAA final approval and issuance of the Part 135 certificate. Joby expects to complete the Part 135 certification process later this year.
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PEAR | Hot Stocks08:07 EDT Pear Therapeutics announces data from studies evaluating PDTs for insomnia - Pear Therapeutics announced data that further underscore the effectiveness of Somryst, the only FDA-authorized PDT for the treatment of chronic insomnia. Results were presented in a symposia at World Sleep 2022, the international Congress of World Sleep Society, on March 15 in Rome, Italy. Interim data from the DREAM study, NCT04325464, a remote, virtual, open-label, decentralized clinical trial evaluating Somryst, analyzed in mid-Q1 2022, had 991 patients enrolled to date. In 779 patients who completed end-of-treatment , the population achieved statistically significant and clinically meaningful reductions in insomnia severity , sleep onset latency , and wake-after-sleep onset from baseline to post-treatment at nine weeks, and in the 193 patients who completed the 6 months follow-up, significant improvements in ISI, SOL, and WASO, were all maintained through six months.1 As part of its PearCreate platform, Pear has developed its own decentralized and fully virtual clinical trial infrastructure for participant recruitment, screening, consent, enrollment, follow up, and progress tracking, which was used for the DREAM study. "These results provide strong evidence that older adults living with insomnia both use and obtain significant benefits from an interactive, remote program to treat their chronic insomnia, without needing special assistance," said Lee Ritterband, PhD, Professor and Director of the Center for Behavioral Health & Technology, University of Virginia School of Medicine in Charlottesville, Virginia. "These results demonstrate the value of remote interventions for chronic insomnia for older adults living with insomnia who may not otherwise have access to clinically validated treatment options like CBTi."
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PCRX | Hot Stocks08:06 EDT Pacira reports preliminary sales of $42.6M for February - Pacira BioSciences reported preliminary unaudited net product sales for EXPAREL and iovera for the month of February 2022. EXPAREL net product sales were $41.7 million, compared with $35.6 million for February 2021. EXPAREL average daily sales for the month of February 2022 were 117 percent of February 2021. The company reports average daily growth rates for EXPAREL to account for differences in the number of selling days per reporting period. The number of EXPAREL selling days were 20 in both February 2022 and February 2021. Net product sales of iovera were $0.9 million for the month of February 2022, compared with $0.7 million for February 2021. "Strong year-over-year sales growth continues to be driven by the institutionalization of EXPAREL-based blocks as a cornerstone of enhanced recovery protocols across multiple surgical procedures," said Dave Stack, chairman and chief executive officer of Pacira BioSciences. "We also remain pleased with the progress we are making enhancing the awareness of the value of ZILRETTA and iovera degrees to our customers as both complementary and standalone non-opioid solutions for managing patients along the osteoarthritis pain continuum. Importantly, we believe this diversified portfolio of unique, safe, best-in-class products will allow us to maintain our leadership position in opioid-sparing pain management."
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RC | Hot Stocks08:05 EDT Ready Capital's stockholders approve issuance of common stock - Ready Capital announced that at the special meeting of stockholders, conducted by means of a virtual meeting held live over the internet, its stockholders approved the issuance of the Company's common stock pursuant to the terms of the previously announced merger agreement pursuant to which Ready Capital has agreed to acquire via mergers a series of privately held, real estate structured finance opportunities funds with a focus on construction lending managed by MREC Management. Following the mergers, Ready Capital is expected to have a pro forma equity capital base in excess of $1.8B. The acquisition is expected to further expand Ready Capital's investment portfolio to include a diverse portfolio of construction assets with attractive portfolio yields resulting in expected earnings accretion and a reduced leverage profile. The Mergers are expected to close on March 16, 2022, subject to customary closing conditions. As a result of the Mergers, Ready Capital will acquire all of the outstanding equity interests in Mosaic Real Estate Credit, Mosaic Real Estate Credit TE, and MREC International Incentive Split, in exchange for an equal number of shares of each of Class B-1 Common Stock, $0.0001 par value per share, Class B-2 Common Stock, $0.0001 par value per share, Class B-3 Common Stock, $0.0001 par value per share, and Class B-4 Common Stock, $0.0001 par value per share, of Ready Capital, non-transferable contingent equity rights, or CERs, representing the potential right to receive additional shares of Common Stock as of the end of the three-year period following the closing of the Mergers based upon the performance of the assets acquired by Ready Capital pursuant to the Mergers, and cash consideration in lieu of any fractional shares of Class B Common Stock.
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ACTG | Hot Stocks08:05 EDT Acacia Research appoints Martin McNulty as COO, promotes Wesley Golby to CIO - Acacia Research announced that it has appointed Martin McNulty as COO and head of M&A and that Wesley Golby has been promoted to chief investment officer, or CIO. The appointments are effective immediately. McNulty most recently served as the CEO and a member of the board of directors at Starboard Value, where he led the transaction through which SVAC combined with Cyxtera Technologies. Golby has served as director of research at Acacia since August 2020.
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SGSVF | Hot Stocks08:04 EDT Sabina Gold & Silver reports commencement of drilling at Goose Property - Sabina Gold & Silver Corp. is pleased to announce that drilling has commenced at the Goose Property on its 100%-owned Back River Gold Project in Nunavut, Canada. A planned 3,500-meter spring surface exploration drill program has started, with a focus on targeting the interface between the planned open pit and the down plunge zone at Umwelt. This drilling will allow for further characterization of the geology and mineralization of higher-grade gold zones in those areas which will inform optimization of the open pit and underground mine designs. Once complete, drilling will move to the Hook zone which is believed to be part of the gold structure linking the Goose Main and Nuvuyak gold deposits. Drilling is planned to be completed by mid April. "We look forward to receiving the results of this spring drilling program as we continue to evolve and develop the resource potential at the 8 km long Goose Gold Complex," said Bruce McLeod, President & CEO. "As we have demonstrated in past drilling campaigns, the gold endowment at Goose is exceptional and we remain committed to an exploration and resource growth and optimization strategy that we believe will add considerable value to the Project we progress towards production. With the application of our exploration framework through progressive 3D modeling, integrated data acquisition and drill testing, we are confident that we can continue to demonstrate the significant growth potential and world class nature of this well-endowed gold project."
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OVID TAK | Hot Stocks08:04 EDT Ovid Therapeutics announcing upcoming milestones - Ovid Therapeutics (OVID) announced the following Pipeline Updates & Anticipated Milestones: Investigational New Drug Application of OV329 expected in 2022. Preclinical development of OV350, a direct KCC2 activator, is advancing. Building on experience with Takeda, Ovid expanded its epilepsy franchise by in-licensing a program from AstraZeneca that targets the KCC2 receptor, including lead candidate OV350. Takeda Pharmaceuticals (TAK), to which Ovid out-licensed soticlestat, has disclosed that it estimates soticlestat will receive regional regulatory decisions in its fiscal year 2023. Ovid is eligible to receive up to $660M in regulatory and commercial milestone payments, as well as royalties of up to 20% on global sales of soticlestat if it is approved and commercialized.
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LOCL | Hot Stocks08:04 EDT Local Bounti to acquire Pete's for $122.5M - Local Bounti announced that it has entered into a definitive agreement to acquire California-based complementary indoor farming company Hollandia Produce Group, which operates under the name Pete's, for total consideration of $122.5M, subject to customary adjustments. The Transaction consideration will be comprised of $92.5M in cash, expected to be provided pursuant to Local Bounti's existing lending facility with Cargill, and the remaining $30M of consideration payable in shares of Local Bounti common stock. It is anticipated that all of Pete's 130 employees will join Local Bounti for a combined total headcount of 250 employees. Pete's management team is expected to remain in place as the company becomes a wholly owned subsidiary of Local Bounti. The transaction is subject to customary closing conditions and a condition that the purchase of certain real estate owned by Pete's is completed. A Notification and Report under the Hart Scott Rodino Act was filed on January 18, and the waiting period expired on February 17. The Transaction is expected to close early second quarter.
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UBX | Hot Stocks08:03 EDT Unity Biotechnology expects cash to fund operations into 1Q23 - Cash, cash equivalents and marketable securities totaled $90.1 million as of December 31, 2021 compared with $115.6 million as of December 31, 2020. UNITY believes that current cash, cash equivalents and marketable securities are sufficient to fund operations into the first quarter of 2023.
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SLB | Hot Stocks08:03 EDT Schlumberger awarded integrated drilling contract from Saudi Aramco - Schlumberger announced a contract award by Saudi Aramco for integrated drilling and well construction services in a gas drilling project. The integrated project scope encompasses drilling rigs and technologies and services, including drill bits, measurement while drilling and logging while drilling, drilling fluids, cementing, and completing wells. Schlumberger will leverage digital solutions to enhance integrated drilling performance, including the DrillOps on-target well delivery solution which uses data analysis, learning systems and automation to execute a digital well plan, improving drilling efficiency, consistency and performance.
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UBX | Hot Stocks08:03 EDT Unity Biotechnology announces upcoming milestones - UBX1325 12-week safety and efficacy data from the Phase 2a DME study by mid-year 2022, as well as 24-week safety and efficacy data from that study before year-end 2022; UBX1325 16-week safety and efficacy data from the Phase 2 wet AMD study before year-end 2022; Tie2/VEGF bispecific preclinical data to support selection of advanced candidate by mid-year 2022
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ABBV | Hot Stocks08:02 EDT AbbVie and Scripps Research announce global collaboration - AbbVie and Scripps Research, an independent, non-profit biomedical research and drug discovery institute, announced a global collaboration to develop potential novel, direct-acting antiviral treatments for COVID-19. The initial SARS-CoV-2 research program at Calibr, the drug discovery and development division of Scripps Research, was supported by funding from the Bill & Melinda Gates Foundation. Closing of the transaction remains subject to satisfaction of customary closing conditions, including applicable regulatory approvals.
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UIS | Hot Stocks08:00 EDT Unisys awarded two contracts by Vision-Box - Unisys announced that Vision-Box has awarded the company two digital workplace solutions contracts to support electronic security gates at New Zealand's Auckland International Airport and SmartGates for automated border control at 10 Australian international airports. Vision-Box, a new client for Unisys, is an international technology company that helps airports, airlines and governments optimise the identification and flow of travellers by establishing trusted biometric identity enrollment, verification and authentication processes. The two Unisys contracts support these two Vison-Box engagements: In Australia, Unisys will support 93 SmartGates used for automated border control at 10 international Australian airports; in New Zealand, Unisys will support 12 electronic security gates provided by Vision-Box at AIAL, the nation's busiest airport.
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J | Hot Stocks07:48 EDT Jacobs selected by the City of North Bay for PFAS cleanup at Garland Airport - Jacobs was selected by the City of North Bay, Ontario, for environmental assessment activities, development of a remedial design, and engineering consulting services related to per- and poly-fluoroalkyl substances, or PFAS, cleanup at the North Bay Jack Garland Airport. The airport lands are located atop the North Bay Escarpment and straddle a watershed divide between the Ottawa River to the east and the Great Lakes Basin to the west. Historically, aqueous firefighting foam, or AFFF, containing PFAS was used in firefighter training on the site. PFAS are chemically and biologically persistent and highly mobile in the environment.
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PDSB | Hot Stocks07:46 EDT PDS Biotechnology says NCi achieves enrollment objective in Phase 2 trial - PDS Biotechnology Corporation announced that the National Cancer Institute has achieved the intended enrollment objective of 30 patients in the checkpoint inhibitor refractory arm of the NCI-Led Phase 2 clinical trial evaluating PDS0101 in combination with two investigational immune-modulating agents in advanced HPV-associated cancers. Currently, the study has enrolled 45 patients and will continue to enroll both CPI refractory and CPI naive patients until the total enrollment of 56 is achieved. The trial is evaluating the novel triple combination in two groups of patients. Firstly, in second line treatment of recurrent or metastatic HPV-positive cancers including anal, cervical, head and neck, penile, vaginal and vulvar cancers in patients who have not been treated with CPIs and have failed at least one standard of care therapy. Secondly, in third-line treatment of the above-listed recurrent or metastatic HPV-positive cancers in patients who have failed at least two standard of care therapies including CPI treatment. The NCI, part of the National Institutes of Health, presented highly promising preliminary efficacy and safety data from the trial at the June 2021 American Society of Clinical Oncology Conference. The NCI plans to present an update in the near future. It was reported earlier this year that median survival of these patients now exceeds 12 months.
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IDR | Hot Stocks07:43 EDT Idaho Strategic announces participation in IGEM Project - Idaho Strategic Resources is pleased to announce its partnership and participation in the Idaho Global Entrepreneurial Mission Project focused on the "Development of Idaho-Sourced Rare Earth Elements Drilling and Extraction". In addition to IDR, the complete list of participants includes the University of Idaho, Idaho Geological Survey, Idaho National Labs, Center for Advanced Energy Studies, and the Idaho Department of Commerce. The primary focus of the project is on environmentally friendly separation and processing techniques for neodymium, praseodymium, and yttrium. The overall goal of the IGEM Project is to advance Idaho-sourced rare earth elements, with a possible result being the demonstration of the potential for environmentally minded Idaho-based commercialization of REEs and REE end products. Idaho Strategic was chosen as the industry partner for the project due to its ownership of two nationally recognized REE project in Idaho. IDR plans to conduct roughly $1 million worth of rare earth element drilling on its Diamond Creek property near Salmon, Idaho, and will supply REE core samples to its program partners for study and analysis.
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MGDPF | Hot Stocks07:41 EDT Marathon Gold reports latest drill results from Berry Deposit, Valentine Gold - Marathon Gold reports the latest drill assay results from the Valentine Gold Project in central Newfoundland. The latest drill results represent fire assay data from eighteen diamond drill holes completed as part of the 2021 in-fill drill campaign at the 1.5 kilometre long Berry Deposit. Matt Manson, President and CEO, commented: "With this latest batch of Berry drill results, we have now published 88,460 metres of fire assays out of this total. 11,540 metres of results in 44 drill holes remain to be released. The update to the Berry mineral resource estimate, along with updates to the Leprechaun, Marathon and Victory estimates, is expected to be completed by mid-year. We continue to be impressed by the density and continuity of high-grade gold mineralization that we are seeing developed at Berry. We are optimistic about the potential of Berry to add a meaningful quantity of future mineral resources to the Valentine Gold Project mine plan."
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ARWR | Hot Stocks07:41 EDT Arrowhead files to start Phase 1/2a study of ARO-RAG for asthma treatment - Arrowhead Pharmaceuticals announced that it has filed an application for clearance to initiate a Phase 1/2a clinical trial of ARO-RAGE, the company's investigational RNA interference therapeutic designed to reduce production of the receptor for advanced glycation end products as a potential treatment for asthma and other inflammatory pulmonary diseases. James Hamilton, M.D., MBA, senior vice president of discovery and translational medicine at Arrowhead, said: "ARO-RAGE is a new clinical candidate using the pulmonary targeted, inhaled TRiM platform. We believe RAGE is a promising target as it represents an upstream mediator of the inflammatory cascade in asthma. Importantly, a soluble form of RAGE known as sRAGE can be assessed as a useful serum biomarker to measure gene target knockdown. We hope to further investigate the potential of ARO-RAGE and our pulmonary platform broadly in the upcoming clinical study, including assessments of safety, pharmacokinetics, and target engagement in a non-invasive way. These insights can potentially help to inform the development path of future pulmonary candidates." An application for approval of the clinical trial was submitted to a local Ethics Committee and to the New Zealand Medicines and Medical Devices Safety Authority for review by the Standing Committee on Therapeutic Trials. Pending clearance, Arrowhead intends to proceed with ARORAGE-1001, a Phase 1/2a study to evaluate the safety, tolerability, pharmacokinetics, and pharmacodynamics of ARO-RAGE in up to 64 healthy volunteers and in up to 16 patients with asthma.
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RIO | Hot Stocks07:40 EDT Rio Tinto, Midland begin regional VTEM survey on Tete Nord property - Midland Exploration is pleased to announce the commencement of an important helicopter-borne electromagnetic VTEM-type survey covering the Tete Nord nickel-copper property. This property, currently wholly owned by Midland, is subject to an option agreement signed in December 2021 with Rio Tinto Exploration Canada and is located near the town of La Tuque in Quebec. The VTEM survey is scheduled to begin mid-March and will total approximately 6,700-line kilometres, covering the entire property under option with flight lines at a 100-metre spacing. A budget of $900,000 has been set aside for the survey and for follow-up field work in the summer of 2022, in preparation for a drilling campaign to come later in 2022-2023. Rio Tinto is project operator.
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CHRS | Hot Stocks07:39 EDT Coherus, Junshi announce presentation of results from CHOICE-01 trial - Shanghai Junshi Biosciences and Coherus BioSciences announced the presentation of positive results and biomarker analyses from the pivotal study "CHOICE-01," a randomized, double-blind, placebo-controlled Phase 3 clinical trial evaluating toripalimab plus chemotherapy as first-line treatment of advanced squamous or non-squamous non-small cell lung cancer, NSCLC. The final progression-free survival, PFS, analysis confirms the finding of the previous interim PFS analysis, demonstrating a statistically significant and clinically meaningful improvement in PFS per RECIST v1.1 compared to chemotherapy alone. The study also demonstrated an improvement in overall survival, OS, in a prespecified interim OS analysis. "In the CHOICE-01 study in patients with non-small cell lung cancer, toripalimab has once again demonstrated the potential to delay disease progression and help patients live longer," said Theresa LaVallee, PhD, Chief Development Officer at Coherus. "The study investigators also reported interesting biomarker data with toripalimab plus chemotherapy having activity independent of PD-L1 expression as well as a statistically significant overall survival advantage in NSCLC patients who have alterations in the focal adhesion-PI3K-AKT signaling pathway, a finding which may inform the design of future toripalimab clinical trials."
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CXBMF | Hot Stocks07:39 EDT Calibre Mining launches five-year sustainability strategy - Calibre Mining is pleased to announce the development and launch of a first Five-Year Sustainability Strategy. The Five-Year Sustainability Strategy is built on three key strategic pillars, which set the foundation for our goals and expectations: Responsible Practices: Ensuring a culture of international best practices, internally and with partners; Contributions to Sustainability: Generating positive impacts beyond mining; and Global Challenges: Connecting with efforts to safeguard the future. Calibre's Five-Year Sustainability Strategy outlines our sustainability goals in three phases: Setting the Stage 2022: Alignment and standardization; Meeting Higher Standards 2023-2025: Overall implementation of best practices; Leading the Way 2026 and beyond: Peer group front-runner in sustainability. Together, the Strategy's pillars encompass our most material ESG objectives. These reflect the results of a broad internal and external consultation process, as well as the international standards established for the sector and, specifically, the expectations set out in the World Gold Council's RGMPs, which Calibre committed to in June 2021. Moreover, we have identified and incorporated specific United Nations Sustainable Development Goals to measure and drive our sustainability performance.
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RVLGF | Hot Stocks07:37 EDT Revival Gold provides exploration, development update - Revival Gold is pleased to provide the following exploration and development update for the Company's Beartrack-Arnett Gold Project located in Idaho, USA. A new mineral resource estimate for Beartrack-Arnett is expected by the end of April. Updated grade domains and economic parameters have been finalized. Block model and constrained resource estimation work by the Company's consultant, Wood, is in its final stages. Column leach test work in support of a Pre-Feasibility Study on the heap leach aspect of Beartrack-Arnett continues at SGS Lakefield with interim 60-day metallurgical results exhibiting recoveries generally in line with, or better than anticipated. Testing will continue for a minimum of 180 days. 2022 exploration plans have been finalized for a total of 7,000 meters of core and reverse circulation drilling at Beartrack-Arnett: Major Drilling has been contracted to commence 2,000 meters of core drilling, weather permitting, in May, in the Joss area to follow up drill hole BT21-240D which intersected 4.34 g/t gold over 110.6 meters including 12 g/t gold over 13.7 meters and 8.8 g/t gold over 11.8 meters in the final hole of last year's drill program. Drilling will focus on extending the dimensions of high-grade mineralization at Joss; An additional 2,000 meters of core drilling is planned in the Roman's Trench area and on the up-dip extension of mineralization in the Haidee area. At Roman's Trench, reverse circulation drilling in the 1990's intersected 1.90 g/t gold over 21 meters and 1.95 g/t gold over 18 meters in near-surface oxides. At Haidee, the up-dip oxide target is covered by a strong soil anomaly and represents a high priority opportunity to expand open pit mineralization in that location; and, 3,000 meters of reverse circulation drilling is planned for later this year to test several additional near surface oxide gold exploration opportunities. These are new targets for Revival Gold, each with well-developed soil and/or geophysical anomalies and/or elevated rock sampling results. Targets include the Midlands area, the Shenon Gulch area and a magnetic low that is similar in character to the magnetic low that underlies the mineral resource at Haidee. Ongoing engineering preparations for the PFS include geotechnical, geochemistry and hydrology studies, as well as mine planning and ore processing optimization trade off studies. Together with site environmental baseline data collection activities, the planned PFS is expected to provide sufficient project definition to develop project permitting documents necessary for the potential re-start of Beartrack-Arnett heap leach operations. The PFS is targeted for completion by year end. Meanwhile, Revival Gold has initiated a broader, property-wide evaluation of potential development concepts and processing alternatives, including potential high-grade, underground mining of transition and sulfide material.
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SURF | Hot Stocks07:36 EDT Surface Oncology appoints Boni as general counsel, SVP legal - Surface Oncology announced the appointment of Theresa Boni, J.D., as general counsel and senior vice president, SVP, legal. Boni has more than 20 years of legal experience spanning the biopharmaceutical and medical device industries. Prior to joining Surface, Boni served as vice president, assistant general counsel at Dicerna Pharmaceuticals. Boni succeeds Liisa Nogelo, who departed Surface to pursue other opportunities.
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ZLAB LLY | Hot Stocks07:35 EDT Zai Lab appoints Josh Smiley as COO - Zai Lab (ZLAB) announced the appointment of Josh Smiley as its COO. Smiley will report directly to Dr. Du and will be a key member of Zai Lab's executive committee. He will oversee all aspects of business, finance, and global operations. Mr. Smiley will be COO of Zai Lab beginning on August 1, 2022, following the completion of his leave with his current employer. Smiley began his career at Lilly (LLY) in 1995, holding leadership positions across the organization culminating in his most recent role of Senior Vice President and Chief Financial Officer. Mr. Smiley will relocate to the Boston area and be based in Zai Lab's office in Cambridge, Massachusetts.
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TRVI | Hot Stocks07:35 EDT Trevi concludes enrollment for Phase 2 CANAL trial - Trevi Therapeutics announced that it concluded enrollment early for its Phase 2 Cough And NALbuphine, or CANAL, trial for the treatment of chronic cough in idiopathic pulmonary fibrosis, or IPF, patients following the previously announced statistically significant efficacy results from the interim analysis. The primary efficacy endpoint demonstrated a 77.3% reduction in daytime cough frequency from baseline with the use of Haduvio compared to a 25.7% reduction with placebo, demonstrating a 52% placebo-adjusted reduction in the geometric mean percent change in the daytime cough frequency. Trevi completes enrollment for Ph2 CANAL trial following positive interim analysis resultsBecause the trial achieved statistical significance in the interim analysis, sites were notified that they could enroll eligible subjects already in screening but that no additional recruitment was required. Approximately 40 subjects in total have been enrolled in the study. The Company continues to expect to report efficacy and safety on the full set of subjects in the Q3.
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SLG IBM | Hot Stocks07:34 EDT IBM to anchor SL Green's development at One Madison - SL Green Realty Corp. (SLG) announced that International Business Machines Corporation (IBM) has signed a 16-year, 328,000 square foot lease at One Madison Avenue covering portions of floors 2 and 7, entire floors 8 through 10 and a portion of the ground floor where IBM will have an exclusive lobby entrance creating a building within a building experience. This lease follows the recently announced 20-year, 56,000 square foot lease with Chelsea Piers Fitness. One Madison Avenue is SL Green's latest development scheduled for completion in November 2023.
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ADS | Hot Stocks07:33 EDT Alliance Data reports February net charge-offs 4.8% vs. 5.2% last month - Reports February delinquency rate 4.4%.
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KMDA | Hot Stocks07:33 EDT Kamada issues 2022 CEO letter to shareholders - Kamada issued the Letter to Shareholders from Amir London, Chief Executive Officer. "The recently completed 2021 year was a transformational period for Kamada in our path toward becoming a global leader in the plasma-derived specialty market... We are building on the strong foundation established over the years, entering 2022 as a "New Kamada" - a fully-integrated specialty plasma company with six FDA-approved products and strong commercial capabilities in the U.S. market, as well as a global commercial footprint in over 30 countries...The acquisition completed in November 2021, following a thorough search for the ideal assets for Kamada, was a critical strategic and synergistic step for the Company. The acquired products generated revenues exceeding $40 million in 2021, with over 50% gross margins...Of the four acquired products, the largest is Cytogam... The transition of Cytogam manufacturing to our facility is already well underway, and we expect to receive FDA approval for its production at our Israeli facility by early 2023...Another major strategic step taken is the acquisition of a plasma collection facility in Texas... We are already actively engaged in the expansion of the hyperimmune plasma collection capacity at this center and are simultaneously advancing our plan to open additional centers in the U.S. to further enhance our supply of specialty and regular plasma...During 2021, as planned, Takeda completed the transition of Glassia manufacturing to their own facility, and we fulfilled our supply commitments. Going forward, we expect to begin receiving royalty payments from Takeda, commencing during the second quarter of 2022, in the range of $10-$20 million per year from 2022 to 2040...Turning to our promising clinical development pipeline, we are excited about the potential of our innovative Inhaled AAT product for the treatment of AAT Deficiency... We are currently conducting the InnovAATe clinical trial, a randomized, double-blind, placebo-controlled, pivotal Phase 3 study...As we enter 2022, the initial benefits of the decisive actions we have taken are already evident. Kamada is uniquely positioned for growth as a global leader in the specialty plasma industry, with multiple robust value-creating catalysts."
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ENVB | Hot Stocks07:33 EDT Enveric Biosciences announces publication of Patent Cooperation Treaty - Enveric Biosciences announced that the Company's first four Patent Cooperation Treaty, or PCT, applications for the tryptamine family of novel molecules have been published by the World Intellectual Property Organization, or WIPO. Additional PCT patent applications are expected to publish over the coming months. "Tryptamine represents the core structural motif for numerous intriguing therapeutically active agents such as the classic psychedelic molecules N, N-dimethyltryptamine, DMT,, psilocybin, psilocin, and 5-MeO-DMT. Many of these molecules are being investigated worldwide as potential treatments for a broad range of psychiatric and neurologic disorders, including mood and anxiety disorders, post-traumatic stress disorder, cancer-related distress and more,1,2" said Bob Dagher, E nveric's CMD.
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RYAHF | Hot Stocks07:32 EDT RYAH secures medical device registration in New Zealand for Smart Inhaler system - RYAH Group announced that its subsidiary, RYAH Medtech, Inc., has received a medical device certification in New Zealand for its proprietary Internet of Things powered medical cannabis inhaler, proprietary cartridges and software application associated with the device. The certification comes in coordination with Medical Kiwi Ltd. as local sponsor for the New Zealand certification. Medical Device registration number 220314-WAND-6YNT17 from the New Zealand Medicines and Medical Devices Safety Authority allows RYAH to market its Smart Medical Inhaler System to medical patients in New Zealand and allows RYAH to immediately initiate a commercial strategy with Medical Kiwi to distribute the RYAH Smart Inhaler to patients in Medical Kiwi's network. The two companies previously announced that they entered into a formal supply and distribution agreement in New Zealand. This registration marks RYAH as one of the first medical devices for cannabis use to be approved in New Zealand and will provide critical anonymous session data to enable essential insights for plant-based therapies in the region.
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ASLN | Hot Stocks07:26 EDT Aslan Pharmaceuticals appoints Kaoukhov as Chief Medical Officer - ASLAN Pharmaceuticals announced the appointment of Alex Kaoukhov, MD, as Chief Medical Officer based in ASLAN's US office, effective immediately. Alex was most recently Head of Clinical Development, Senior Vice President at Bioniz Therapeutics where he established and managed a team responsible for the development of therapeutic assets for the treatment of skin and gastrointestinal autoimmune diseases.
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AVXL | Hot Stocks07:25 EDT Anavex announces presentation of Phase 2 clinical data from ANAVEX 2-73-PDD-001 - Anavex Life Sciences announced the presentation of Phase 2 clinical biomarker data from the ANAVEX 2-73-PDD-001 Parkinson's Disease Dementia, PDD, study at AD/PD 2022 International Conference on Alzheimer's & Parkinson's Diseases and related neurological disorders, taking place in Barcelona, Spain, and virtually on March 15-20, 2022. The poster presentation titled, "ANAVEX2-73 - Analysis of Movement and Cognitiv Pharmacodynamic-Biomarker Outcome Measures of Placebo-Controlled Phase 2 Trial in 132 Parkinson's Disease Dementia Patients" is being presented by the Principal Investigator of the trial, Dr. Jaime Kulisevsky. MDS-UPDRS1 Total score improved significantly by -14.51 for patients treated with ANAVEX 2-73 high oral once-daily dose compared to placebo. The improvement is clinically relevant corresponding to a relative improvement of 18.9% over 14 weeks. Balanced and global improvements were observed within all MDS-UPDRS sub-scores Part I-IV. SIGMAR1 mRNA expression significantly increased in ANAVEX(R)2-73-treated patients vs placebo over the course of treatment and was significantly associated with improvements of MDS-UPDRS scores and cognitive efficacy endpoints CDR system. Christopher Missling, PhD, President & Chief Executive Officer of Anavex, remarked, "ANAVEX2-73 demonstrated dose-dependent efficacy for both motor impairment and cognition, which correlated with SIGMAR1 mRNA as a pharmacodynamic biomarker, respectively. These results support continued development of ANAVEX2-73 in Parkinson's disease and Parkinson's disease dementia as well as currently ongoing Precision Medicine biomarker-driven late-stage clinical studies in Rett syndrome and Alzheimer's disease. We would like to thank all the patients and participating families as well the investigators and clinical site coordinators for their dedication to this study."
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EGLX HUT | Hot Stocks07:22 EDT Enthusiast Gaming, Fractal announce strategic NFT partnership - Enthusiast Gaming (EGLX) announced a partnership with Fractal, an NFT marketplace. The partnership marks Enthusiast Gaming's first with an NFT marketplace, and will see NFTs integrated into one of the Company's HTML5-based games for the first time. The deal will see Fractal assist in the launch of EV.IO NFTs on the Fractal platform, offering skin cosmetics and custom social areas for clans or friends on the Hut 8 (HUT) sponsored game. Players that already own cosmetics in EV.IO will receive free whitelist tokens to mint NFTs as a reward for early adopters. "Fractal's marketplace allows us to launch NFTs that will improve the gameplay experience within EV.IO, building on the content integration with Hut 8," said Adrian Montgomery, CEO of Enthusiast Gaming. "We are excited to build a better gameplay experience for our community, and to be taking this important step into Web 3.0 with industry pioneers like Justin Kan and the team at Fractal."
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ENOB | Hot Stocks07:22 EDT Enochian Biosciences, Caring Cross partner for CAR-T approach for HIV cure - Enochian BioSciences has issued an exclusive sub-license of one of its proprietary technologies that could improve the effectiveness of a potential cure for HIV with an anti-HIV CAR-T therapy that Caring Cross is studying in a clinical trial. Caring Cross is an innovative non-profit that partners with others, including for-profit companies, to increase access to new technologies and medicines under a collaborative value sharing model. Caring Cross and Enochian BioSciences entered into a profit-sharing agreement as part of the sub-license. The CAR-T approach being studied in humans was shown to cure HIV infection in an animal model that was published in the prestigious scientific journal, Science Translational Medicine. Based on those and other key data, Caring Cross received approval from the US Food and Drug Administration to advance to clinical studies that are being conducted by researchers from the University of California, San Francisco and the University of California, Davis with funding from the California Institute of Regenerative Medicine.
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WINT | Hot Stocks07:21 EDT Windtree Therapeutics completes enrollment of Phase 2 study of Istaroxime - Windtree Therapeutics announced it has successfully completed enrollment in its phase 2 study of istaroxime in early cardiogenic shock caused by heart failure. The study is an international, randomized double-blind, placebo-controlled study designed to assess the efficacy and safety of istaroxime and to support an intended pathway for the development in early cardiogenic shock. The study has enrolled 60 Society for Cardiovascular Angiography & Interventions class B early cardiogenic shock patients with severe heart failure and systolic blood pressures between 75-90 mmHg. Study drug was administered over 24 hours. The primary endpoint is the SBP profile over the first 6 hours after initiating the infusion. Secondary endpoints will include various assessments of blood pressure changes over 24 hours and measures associated with safety and tolerability. All patients will complete a 30-day follow-up prior to database lock and generation of topline data; as a result, topline data is expected to be announced in April.
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KRYS | Hot Stocks07:19 EDT Krystal Biotech enters binding term sheet for settlement with PeriphaGen - Krystal Biotech announced it has reached a binding term sheet with PeriphaGen to resolve all claims in the trade secret litigation filed by PeriphaGen on May 20, 2020. Under the conditions of the term sheet, which are legally binding, Krystal will receive all of PeriphaGen's biological materials and skin assets and will pay PeriphaGen $25 million within 10 days of the completion of a Final Settlement Agreement. The parties are expected to enter into a final settlement agreement within 45 days of March 12, 2022. Upon approval of Krystal's first product by the U.S. Food and Drug Administration. Krystal will pay an additional $12.5 million, followed by three additional $12.5 million dollar milestone payments upon reaching $100 million in total cumulative sales, $200 million in total cumulative sales and $300 million in total cumulative sales reported by Krystal in its annual 10K filing. The settlement contains no admission of liability or wrongdoing and includes a full release of the claims made against Krystal Biotech, Inc., Krish Krishnan, Suma Krishnan, PeriphaGen, Inc., James Wechuck and David Krisky. Each party will bear their own costs and fees. The case is expected to be formally dismissed within a month.
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CLBT | Hot Stocks07:19 EDT Cellebrite to equip a state department of public safety in US with DI platform - Cellebrite announced that it will equip a state department of public safety in the United States with a suite of solutions from Cellebrite's DI Platform, including Collect & Review Solutions and Advanced Services. The multi-year agreement has a value of over $800,000 and will enable the department to provide enhanced investigative support to law enforcement agencies and drug task forces through data extraction and analysis from cell phones, computers, and other electronic devices and cloud applications. Marque Teegardin, Cellebrite's General Manager, Americas, commented: "Partnering with law enforcement agencies to protect and save lives is core to Cellebrite's mission. We are honored to expand this trusted partnership by providing advanced DI solutions that broaden the customer's data collection, review, and analytics capabilities that support its efforts to solve narcotic and opioid-related crimes, and ultimately make its community safer."
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PLYM | Hot Stocks07:18 EDT Plymouth Industrial REIT acquires 80% interest in Plymouth MIR JV for $102.6M - Plymouth Industrial REIT announced the acquisition of Madison International Realty's 80% interest in Plymouth MIR, the joint venture formed in December 2020 to acquire a portfolio of industrial buildings in metropolitan Memphis, Tennessee. The purchase included $46.6M in cash and closing costs in addition to the assumption of $56M in secured debt, which includes Plymouth's previous pro-rata share of a fixed-rate mortgage maturing in 2027 in the amount of $11.2M. The transaction is expected to provide a forward 12-month yield of 6.6% on the total consideration of $102.6M.
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HHC | Hot Stocks07:18 EDT Howard Hughes approves $250M share buyback program - The Howard Hughes announced that the company's Board of Directors has approved a $250M share buyback program. This marks the second buyback in recent months for the company, following November's announcement of another $250M stock repurchase.
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NUWE | Hot Stocks07:18 EDT Nuwellis announces IRB approval to begin REVERSE-HF clinical study - Nuwellis announced it has received independent Institutional Review Board approval for the trial protocol of the company's REVERSE-HF clinical study to evaluate the clinical outcomes and economic value of its Aquadex ultrafiltration therapy in comparison to intravenous diuretics for the treatment of fluid overload in patients with worsening heart failure. REVERSE-HF is a multicenter, open-label, randomized controlled trial that will be conducted across the United States. The study will be led by Sean Pinney, M.D., Professor of Medicine and Co-Director of the Heart and Vascular Center at The University of Chicago Medicine, and Maria V. DeVita, M.D., Professor of Medicine at Hofstra School of Medicine/Northwell and Chief of the Division of Nephrology at Lenox Hill Hospital. Enrollment in the trial will begin this year.
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BTTX | Hot Stocks07:16 EDT Better Therapeutics announces 'positive' primary endpoint data from BT-001 trial - Better Therapeutics announced primary endpoint data from its pivotal trial of BT-001, a first-in-class investigational PDT platform that is designed to use digitally delivered nCBT to treat type 2 diabetes. The open label, randomized, controlled, parallel group trial enrolled 669 adults with type 2 diabetes and mean baseline A1c of 8.1%. Participants were randomized to receive standard of care with or without BT-001 and the primary efficacy endpoint was the difference in mean change from baseline in A1c after 90 days of treatment between the two groups. Following is an overview of key takeaways from the 90-day data: The clinical trial included a diverse, nationally representative patient population including participants from minority groups often underrepresented in diabetes studies. 40.2% of participants were non-white; 15.7% were Hispanic or Latin American. Participants had long-standing type 2 diabetes, high cardiovascular risk, multiple comorbidities with use of multiple medications. The primary efficacy endpoint showed highly statistically significant improvement in A1c between the intervention and control groups. Clinically meaningful changes occurred in 42.7% of the group receiving standard of care and BT-001 vs. 25.4% in the group receiving standard of care alone ; we believe this demonstrates use of BT-001 significantly improved A1c compared to standard of care alone. There was a clear dose-response between greater engagement in nCBT and greater reductions in A1c, supporting nCBT as a mechanism of action. Measures of patient engagement, adherence, persistence, and satisfaction were all positive. No meaningful differences in safety events were observed between groups. The six-month trial is ongoing and is expected to be completed in Q2 2022. Given the compelling benefit-to-risk profile of BT-001 and highly statistically significant 0.4% reduction in A1c, Better Therapeutics intends to file a De Novo classification request with the FDA upon completion of the study. "The data we're unveiling today is a critical step in our journey to reimagine how cardiometabolic diseases are treated. By demonstrating that BT-001 can improve glycemic control at 90 days by addressing the behaviors that are root causes of type 2 diabetes, even in a very sick, poorly controlled population with long-standing diabetes, we not only open a new avenue of potential treatment, but a new horizon for non-pharmaceutical approaches to care," said Dr. Mark Berman, chief medical officer of Better Therapeutics. "If these positive trends continue, we see the potential to advance PDTs to improve health and reduce reliance on medications."
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TPRFF | Hot Stocks07:15 EDT Gran Colombia Gold reports Segovia February gold production 17,184 ounces - GCM Mining Corp. announced that its Segovia Operations produced 17,184 ounces of gold in February 2022, up from 15,360 ounces of gold in February last year. This brings the total gold production for the first two months of 2022 to 33,658 ounces, up from 30,415 ounces in the first two months last year. Segovia's trailing 12-months' total gold production at the end of February 2022 was 209,632 ounces, up about 1.6% over last year. GCM Mining processed a total of 48,512 tonnes in February 2022 at its Maria Dama plant at Segovia, representing a daily processing rate of 1,733 tonnes per day, compared with 42,345 tonnes and 1,512 tpd in February 2021. Segovia's head grades averaged 12.2 g/t in February 2022 compared with 12.5 g/t in February last year. For the first two months of 2022, a total of 90,527 tonnes were processed at Segovia at an average head grade of 12.8 g/t compared with a total of 83,771 tonnes at an average head grade of 12.6 g/t in the first two months last year. The Company continued to operate the new 200 tpd polymetallic plant at Segovia in test mode in February, processing an average of approximately 98 tpd of tailings resulting in the production of approximately 110 tonnes of zinc concentrate and approximately 86 tonnes of lead concentrate which have been stockpiled and are awaiting shipment once contractual agreements are finalized for the sale of the concentrates. Payable production from the concentrates in February 2022 is estimated to total approximately 91,000 pounds of zinc, 100,000 pounds of lead, 8,000 ounces of silver and less than 50 ounces of gold. Actual payable quantities are subject to change and will be finalized once the concentrates are shipped.
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EPZM | Hot Stocks07:14 EDT Epizyme doses first patient in SYMPHONY-1 study - Epizyme also reported that the first patient has been dosed in the Phase 3 portion of the SYMPHONY-1 study, a confirmatory study assessing tazemetostat in combination with rituximab + lenalidomide compared with R2 plus placebo in patients with relapsed or refractory follicular lymphoma previously treated with at least one systemic therapy, including those who are rituximab-refractory and/or have experienced progression of disease within two years.
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EPZM KLDO | Hot Stocks07:13 EDT Epizyme appoints Jerald Korn as COO - Epizyme (EPZM) announced the appointment of Jerald Korn as COO, reporting to president and CEO, Grant Bogle. Korn most recently served as the COO and general counsel at Kaleido Biosciences (KLDO), where he oversaw legal, human resources, program management, quality, regulatory and other operations, as well as supporting the company with corporate strategy, including two financings, a pipeline prioritization and transition to a new laboratory and manufacturing facility.
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FLGC | Hot Stocks07:11 EDT Flora Growth receives 2022 export quota from Colombian Government - Flora Growth announced that it has received its 2022 export quota from the Colombian Government, totaling up to 43,600 kg of high-THC cannabis. The 43,600kg allotment enables Flora to produce and export both high-THC dry flower and cannabis derivative products. Flora will be able to export its GACP certified products to legal cannabis jurisdictions around the world. This updated quota will now allow sufficient export of medical cannabis products to meet Flora's existing and future supply agreements in both bulk dry flower and derivatives. In addition to the quota, Flora also received approval for the cultivation of four additional strains from the Colombian Agricultural Institute on March 11th, 2022. These genetics include high yield THC and high yield CBD strains that can be used for commercial purposes. Flora will begin the process of integrating these new genetics into the cultivation and export process this year.
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COGT | Hot Stocks07:10 EDT Cogent Biosciences expects cash to fund operations into 2024 - As of December 31, 2021, Cogent had cash and cash equivalents of $219.7 million. The company believes that its cash and cash equivalents will be sufficient to fund its operating expenses and capital expenditure requirements into 2024.
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COGT | Hot Stocks07:10 EDT Cogent Biosciences provides update on APEX, SUMMIT, PEAK trials - Cogent's highly potent and selective KIT mutant inhibitor, bezuclastinib, is now under investigation in three late-stage clinical trials: APEX: Cogent is currently enrolling APEX, a global, multicenter, Phase 2 clinical trial of bezuclastinib in patients with Advanced Systemic Mastocytosis and expects to report initial clinical data at a scientific conference during the first half of 2022, including levels of serum tryptase, a validated biomarker of mast cell activity. SUMMIT: Cogent is currently enrolling SUMMIT, a randomized, double-blind, placebo-controlled, global, multicenter, Phase 2 clinical trial. The study is designed to explore the safety and efficacy of bezuclastinib in patients with moderate to severe Indolent Systemic Mastocytosis or Smoldering Systemic Mastocytosis. PEAK: During the fourth quarter of 2021, Cogent initiated and now is currently enrolling PEAK, a randomized, open-label, global, Phase 3 clinical trial. "In 2021, Cogent achieved substantial progress toward our goal of establishing bezuclastinib as a best-in-class KIT mutant inhibitor for systemic mastocytosis and gastrointestinal stromal tumor patients," said Andrew Robbins, President and CEO of Cogent Biosciences. "All three late-stage bezuclastinib clinical trials are actively enrolling patients, and we look forward to presenting initial clinical data from APEX in the first half of 2022. In addition, we are excited about the progress the Cogent Research Team has made to date and look forward to sharing further details on bezuclastinib, as well as our growing portfolio, at our upcoming R&D Investor Event."
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VERI | Hot Stocks07:09 EDT Veritone partners with EMPA GmbH on AI-enabled video discovery for Nurburgring - Veritone has announced a partnership with EMPA GmbH to work with SportTotal Live and ADAC Nordrhein e.V. to bring AI-enabled video discovery, metadata enrichment, and search capabilities to the 50th ADAC TotalEnergies 24h Race at the Nurburgring. The event on the circuit famously labeled the "Green Hell" to be held in Germany, May 26 to 29, is one of the largest international motor racing events and features an average of 180 cars and between 600 to 800 hobbyist and professional drivers.
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STTK | Hot Stocks07:07 EDT Shattuck Labs expects cash to fund operations into 2H24 - Shattuck believes its cash, cash equivalents and short-term investments will be sufficient to fund its operations into the second half of 2024, which is beyond results from its Phase 1 clinical trials of SL-172154 and SL-279252. This cash runway guidance is based on the Company's current operational plans and excludes any additional funding that may be received or business development or additional clinical development activities that may be undertaken.
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IMRA | Hot Stocks07:05 EDT Imara sees cash, cash equivalents to fund operations through Q1 of 2023 - The Company currently expects that its full-year 2022 research and development expenses will range between $60M-$65M and that its full-year 2022 general and administrative expenses will range between $13M-$15M. Cash, cash equivalents and investments were $90.3 million as of December 31, 2021. The Company expects that its cash, cash equivalents and investments as of December 31, 2021, will be sufficient to enable it to fund its planned operations substantially through the first quarter of 2023.
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PASG | Hot Stocks07:04 EDT Passage Bio announces anticipated upcoming milestones - Anticipated Upcoming Milestones: Dose first patient in Phase 1/2 study for FTD-GRN in early 2022. Additional clinical data milestone timing to be provided following dosing of first patients. Submit Investigational New Drug application for Phase 1/2 clinical program for PBML04 in mid-2022. Present interim safety and biomarker data for Cohorts 2 and 3 for Imagine-1 clinical trial for GM1 in 2H 2022. Present interim safety and biomarker data for Cohort 1 for GALax-C clinical trial for Krabbe disease by YE 2022.
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MAIN | Hot Stocks07:04 EDT Main Street announces new portfolio investment - Main Street Capital announces that it recently completed a new portfolio investment to facilitate the majority recapitalization of Batjer & Associates and Batjer Service, a leading provider of mechanical HVAC and plumbing services for customers in the West Texas market. Main Street, along with its co-investor, partnered with the Company's existing owners and senior management team to facilitate the transaction, with Main Street funding $15.1M in a combination of first lien, senior secured term debt and a direct equity investment. In addition, Main Street and its co-investor are providing the Company with a revolving credit facility and delayed draw term loan to support its working capital needs and future growth initiatives.
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PASG | Hot Stocks07:03 EDT Passage Bio CRDO Eliseo Salinas to depart - In conjunction with the headcount reduction, Eliseo O. Salinas, M.D., MSc, chief research and development officer, will be retiring and departing from the Company effective March 18, 2022. Mark Forman, M.D., Ph.D., chief medical officer, will continue to lead execution of the ongoing clinical trials. Dr. Forman joined the company in July 2021 with 20 years of experience in translational research for neurological disorders in both corporate and academic settings.
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PASG | Hot Stocks07:03 EDT Passage Bio extends cash runway into 2Q24
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PASG | Hot Stocks07:02 EDT Passage Bio to reduce workforce by 13%, prioritize R&D programs - Passage Bio provided an update on strategic priorities to extend its cash runway. The company will decrease operating expenses by reducing the workforce by approximately 13 percent and prioritizing its research and development programs in partnership with the University of Pennsylvania's Gene Therapy Program. The company will continue to focus on advancing its three lead clinical programs for GM1 gangliosidosis, Krabbe disease and frontotemporal dementia. In conjunction with the headcount reduction, Eliseo O. Salinas, M.D., MSc, chief research and development officer, will be retiring and departing from the Company effective March 18, 2022. Mark Forman, M.D., Ph.D., chief medical officer, will continue to lead execution of the ongoing clinical trials. Dr. Forman joined the company in July 2021 with 20 years of experience in translational research for neurological disorders in both corporate and academic settings.
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CATC | Hot Stocks07:02 EDT Cambridge Bancorp announces renewal of stock repurchase program - Cambridge Bancorp, the parent of Cambridge Trust Company, announced that on March 14 the Company's board of directors authorized the renewal of its stock repurchase program to acquire up to 5.0% of the total number of shares outstanding of the Company's common stock, with such purchases occurring prior to March 14, 2023. The timing and amount of any shares of the Company's common stock repurchased will be determined by the Company's management based on its evaluation of market conditions and other factors.
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NAK | Hot Stocks06:54 EDT Northern Dynasty comments on President Biden statements regarding mining - Northern Dynasty commented on President Biden's "Made in America" announcement made on Friday, March 4 and statements made at a previous event on February 22, both at The White House. In his speech, President Joe Biden said, "...But we also need a resilient supply chains [sic] of our own so that we're never at the mercy of other countries for critical goods ever again...Our manufacturing future, our economic future, our solutions to the climate crisis: They're all going to be made in America1." "Global events over the past several years have demonstrated the fragility and insecurity of the global supply chain, further underscored the need for America to achieve security over important commodities, be it oil & gas or minerals such as copper, a key part of the energy transition. The Pebble Project in Southwest Alaska would help the U.S. to achieve the goal of mineral security," said Ron Thiessen, president and CEO of Northern Dynasty. "For example, one large 10-15 MW windmill, such as found in an offshore windmill farm, uses about 50 tonnes of copper to generate electricity, including the connection to the shore 2. The U.S. imported nearly half of its 2 million tonnes of annual domestic requirements for refined copper in 2021, according to the U.S. Geological Survey3. Copper from the Pebble Project could substantially reduce this reliance on foreign suppliers, keeping the jobs, and the economic benefits, in the U.S." "We can't build a future that's made in America if we ourselves are dependent on China for the materials that power the products of today and tomorrow," President Biden said at a White House event on February 22, 2022, according to a Reuters report4. "Environmental protections are paramount...We have to ensure that these resources actually benefit folks in the communities where they live, not just shareholders." "We have made deliberate choices when designing the Pebble Project that demonstrate our commitment to protecting the environment. Just a few examples include choosing to minimize the footprint in the first 20 years to allow Northern Dynasty an opportunity to demonstrate to the public that the mine could be operated safely, in an environmentally responsible manner, and while benefitting the community economically, investing almost $600 million (total capital) into water treatment plants to ensure discharge water meets Alaska's stringent requirements, using specially designed tailings storage facilities ("TSF") that are a significant improvement over traditional designs because they don't retain water in perpetuity and not using cyanide for additional gold recovery in the Proposed Project," Thiessen added. The Final Environmental Impact Statement, or EIS, for Alaska's Pebble Project, published in 2020, describes a modern, environmentally sound mine that can co-exist with clean water and healthy fisheries. The executive summary of the Final EIS can be found on the Pebble Partnership's website at the following link https://pebblepartnership.com/executive-summary. The company is currently appealing a negative Record of Decision from the U.S. Army Corps of Engineers. "Our Economic Contribution Assessment, prepared by a globally renowned, third-party expert firm and published on February 28, 2022, is available on our website. It showed that the Pebble Mine would support thousands of high-paying jobs and billions of dollars of economic activity, much of which is focused in Southwest Alaska, one of the most economically disadvantaged regions in the U.S. It would also help the U.S. reduce its reliance on foreign suppliers of copper and other metals," Thiessen added. "For example, the annual State taxes during construction are expected to be $30 million, State royalties and taxes of $126 million per year, and Lake and Penn Borough severance taxes of $25 million per year. Then there is the Pebble Performance Dividend which will pay out $3 million per year during construction and capital recovery and projected at $11 million annually or $2,175 per person if all eligible people were enrolled, during operating years."
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SNY BX | Hot Stocks06:54 EDT Sanofi, Blackstone announces EUR 300M multiple myeloma collaboration - Sanofi (SNY) and Blackstone (BX) announced a strategic, risk-sharing collaboration under which funds managed by Blackstone Life Sciences will contribute up to EUR 300M to accelerate the global pivotal studies and the clinical development program for the subcutaneous formulation and delivery of the anti-CD38 antibody Sarclisa, to treat patients with multiple myeloma. If successful, BXLS will be eligible to receive royalties on future subcutaneous sales. The pivotal study for the subcutaneous formulation is expected to begin in the second half of 2022, the companies stated.
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ECL | Hot Stocks06:49 EDT Ecolab announces temporary 8%-12% energy surcharge on global products - Ecolab announced a temporary 8%-12% energy surcharge on all of its global products, effective April 1. This surcharge is intended to mitigate the dramatic rise in energy costs. Christophe Beck, Ecolab's president and CEO, commented, saying, "The protracted global environment for higher raw material and logistics costs, driven by the inflationary environment the world has experienced over the past year, have recently faced unprecedented surges resulting from the Russia-Ukraine conflict. As a long-term business partner to our customers, we have taken continued actions to ensure supply chain resilience and reduce volatility by accelerating value engineering, optimizing supplier footprints, increasing strategic inventory and expanding our end-to-end supply chain partnerships to help mitigate extreme raw material and logistics shortages. We have also taken a wide range of productivity actions to improve our efficiency and reduce our costs to help offset the strong inflationary challenges and subsequent pricing. Nonetheless, we now also need to implement this temporary energy surcharge to mitigate the dramatic rise in oil and gas costs and its impact on raw material and logistics inflation to ensure we can continue to provide reliable product supply, as well as continue to invest in the product innovation, digital technology and service expertise that is core to our differentiated global offering. We will monitor this situation monthly; when the current energy cost surge moderates, we expect to reduce or remove this surcharge. We are confident that this measure will ensure our ability to continue to provide the products and services our customers rely on as well as provide the leading technologies, solutions and services to help our customers reduce their usage of natural resources and their impact on the environment while improving their total cost of operation."
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MRK | Hot Stocks06:46 EDT Merck to stop Phase 3 KEYLYNK-010 trial - Merck announced that it will stop the Phase 3 KEYLYNK-010 trial investigating KEYTRUDA, Merck's anti-PD-1 therapy, in combination with LYNPARZA, a PARP inhibitor, for the treatment of patients with metastatic castration-resistant prostate cancer who progressed after treatment with chemotherapy and either abiraterone acetate or enzalutamide. Merck is discontinuing the study following the recommendation of an independent Data Monitoring Committee after the DMC reviewed data from a planned interim analysis. At the interim analysis, the combination of KEYTRUDA and LYNPARZA did not demonstrate a benefit in overall survival, one of the study's dual primary endpoints, compared to the control arm of either abiraterone acetate or enzalutamide. The trial's other dual primary endpoint, radiographic progression free survival, was evaluated at an earlier interim analysis and did not demonstrate improvement compared to the control arm. The safety profile of KEYTRUDA in combination with LYNPARZA in this trial was consistent with that observed in previously reported studies for the individual therapies; however, the combination was associated with a higher incidence of grade 3-5 adverse events and drug-related serious adverse events, compared to the control arm. Merck will inform study investigators of the recommendation from the DMC and advise patients in the study to speak to their physician regarding treatment. Data from this study will be presented at an upcoming scientific congress.
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LUV | Hot Stocks06:46 EDT Southwest continues to expect to be profitable for remaining three quarters - The company continues to expect to be profitable for the remaining three quarters of this year, and for full year 2022, based on its current outlook and plans, which includes fuel hedging gains from its full year 2022 fuel derivative contracts.
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LUV | Hot Stocks06:45 EDT Southwest continues to expect net loss in Q1, 'solidly profitable' in March
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LUV | Hot Stocks06:44 EDT Southwest sees Q2 capacity down 7% vs. 2019, 2H capacity flat vs. 2019 - The company currently expects its second quarter 2022 capacity to be down approximately seven percent compared with second quarter 2019, and currently estimates its second half 2022 capacity to be roughly flat compared with second half 2019.
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LUV | Hot Stocks06:44 EDT Southwest sees FY22 capacity down 4% vs. 2019 - The company's flight schedule is currently published through September 5, 2022, and as previously disclosed, the company recently reduced its published flight schedules for March through May 2022 due to continuing challenges with available staffing. The company continues to estimate full year 2022 capacity to be down approximately four percent compared with 2019-approximately four points lower than the company's initial 2022 capacity plan communicated in December 2021.
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LUV | Hot Stocks06:43 EDT Southwest has seen improvements in revenue trends in March - Southwest said: "Following the revenue headwinds the Company experienced in January and February 2022 due to softness in bookings and increased trip cancellations associated with the Omicron variant, the Company has seen improvements in revenue trends in March 2022 as COVID-19 cases trend downward. The Company's current leisure revenue trends for spring break travel are strong and above 2019 levels. The improvement in the Company's first quarter 2022 operating revenue guidance is primarily attributable to stronger than anticipated bookings and passenger yields, as well as a strong performance from the Company's loyalty program. Following weaker managed business demand and revenues in January and February 2022 associated with the Omicron variant, the Company expects its March 2022 managed business revenues to improve sequentially to down approximately 40 percent versus March 2019."
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LUV | Hot Stocks06:42 EDT Southwest sees Q1 operating revenue down 8%-10% vs. 2019 - This compares to Southwest's previous view of down 10%-15%. Sees Q1 capacity down 9%-10% vs. 2019 vs. previous estimate of down about 9%. Sees Q1 CASM-X up 17%-12% vs. 2019 vs. previous view of up 20%-24%. Guidance provided in a regulatory filing.
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SAGE | Hot Stocks06:41 EDT Sage Therapeutics to present data from Phase 2 PARADIGM Study - Sage Therapeutics announced the presentation of data that showed SAGE-718, a first-in-class, oral, positive allosteric modulator of the NMDA receptor, was associated with improvements on multiple tests of executive functioning and learning and memory in patients with mild cognitive impairment, or MCI, due to Parkinson's disease, or PD, in the open label Phase 2 PARADIGM Study. The PARADIGM Study is part of CogNEXT, Sage's early-stage trial platform designed to evaluate the therapeutic potential of SAGE-718 to treat cognitive deficits across a range of brain health disorders. The data were presented as a virtual oral presentation at the AD/PD 2022 Advances in Science & Therapy International Conference on Alzheimer's and Parkinson's Diseases and Related Neurological Disorders taking place from March 15-20 both in-person in Barcelona, Spain, and virtually. In the PARADIGM Study, a comprehensive battery of tests was used to assess multiple domains of cognitive performance in eleven patients receiving SAGE-718 3 mg once daily. Sustained effects and improving trends were seen out to Day 28 for assessments completed at the follow-up visit. As expected, no appreciable effect was observed on measures of simple attention/psychomotor speed, in keeping with the profile of SAGE-718 based on data to date. SAGE-718 was generally well tolerated in the PARADIGM Study, Part A; there were no serious adverse events and no treatment emergent adverse events were determined to be related to SAGE-718.
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UAL | Hot Stocks06:38 EDT United Airlines continues to expect positive adjusted pre-tax income in Q2 - As a result of the strong revenue environment and based on a second quarter 2022 average fuel price per gallon of approximately $3.50, the Company continues to expect positive adjusted pre-tax income in second quarter 2022.
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NOG | Hot Stocks06:38 EDT Northern Oil and Gas to continue to repurchase shares - NOG continues to use its free cash flow to boost shareholder returns. During the first quarter of 2022, NOG has agreed to repurchase and retire approximately $26.3M in face value of its 6.5% Series A Perpetual Convertible Preferred Stock, including the $7.2M previously announced in NOG's year-end earnings release. After these transactions, the remaining outstanding liquidation preference value of NOG's Preferred Stock has been reduced to $195.6M. In total, these transactions reduce NOG's fully diluted share count by approximately 1.2M shares and reduce annualized dividends on the Series A stock by approximately $1.7M. "Robust free cash flow continues to allow us to reach our targets faster," commented Nick O'Grady, NOG's CEO. "This has driven NOG to accelerate our dividend growth plan, while also taking advantage of what we perceive as a significant dislocation in our current market valuation. These actions will serve to boost per share values, reduce preferred dividend payments and simplify our balance sheet, while we continue to target less than 1.0x leverage in 2022. Additionally, as 2022 progresses, a strong pipeline of high-quality bolt-on prospects continues to grow, and this could provide further accretion opportunities and increase long term cash return potential for shareholders."
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SAGE | Hot Stocks06:36 EDT Sage Therapeutics to present data from Phase 2 PARADIGM Study - Sage Therapeutics announced the presentation of data that showed SAGE-718, a first-in-class, oral, positive allosteric modulator of the NMDA receptor, was associated with improvements on multiple tests of executive functioning and learning and memory in patients with mild cognitive impairment, or MCI, due to Parkinson's disease, or PD, in the open label Phase 2 PARADIGM Study. The PARADIGM Study is part of CogNEXT, Sage's early-stage trial platform designed to evaluate the therapeutic potential of SAGE-718 to treat cognitive deficits across a range of brain health disorders. The data were presented as a virtual oral presentation at the AD/PD 2022 Advances in Science & Therapy International Conference on Alzheimer's and Parkinson's Diseases and Related Neurological Disorders taking place from March 15-20 both in-person in Barcelona, Spain, and virtually. In the PARADIGM Study, a comprehensive battery of tests was used to assess multiple domains of cognitive performance in eleven patients receiving SAGE-718 3 mg once daily.
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NOG | Hot Stocks06:35 EDT Northern Oil and Gas updates recommended long-term base dividend plan - NOG management has updated its recommended long-term base dividend plan to increase planned growth in 2022 and 2023. Quarterly dividend growth is now expected to average 23% through year-end 2023, with significant acceleration in 2022. This includes a plan to recommend a dividend of 19c per share to the Board of Directors for the second quarter of 2022, a 36% increase over the first quarter dividend, and 27% higher than the previous target of 15c.
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FTCI | Hot Stocks06:34 EDT FTC Solar says long-term market outlook remains strong - Sean Hunkler, FTC Solar President and CEO, said "While 2021 was the perfect storm on cost pressures, we've taken significant actions, controlling what we can and focusing on advancing cost and margin improvements. The long-term market outlook remains strong, and I believe FTC Solar is uniquely positioned to continue to outpace the market in the U.S. while continuing to see accelerating growth internationally. FTC Solar offers a solution that is differentiated in the marketplace and is increasingly recognized by customers as a preferred choice. And we believe we're on the cusp of profitability with significant growth and margin improvement ahead. While we made good progress in 2021, I'm even more excited about where we'll go from here."
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BV | Hot Stocks06:34 EDT BrightView to repurchase remaining shares from MSD Partners - BrightView Holdings announced that it has entered into an agreement to repurchase the remaining 5.9M shares of BrightView common stock held by MSD Partners and affiliates at a purchase price of $12.33 per share, representing a 6% discount from the NYSE official closing price of BrightView common stock on March 11. The total purchase price for the shares will be approximately $72.8M and will be funded from cash and cash equivalents on hand, as well as borrowings under the company's credit facilities. The transaction, which was made in connection with BrightView's share repurchase program announced on December 6, 2021, is expected to be completed on April 4.
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UAL | Hot Stocks06:33 EDT United Airlines sees 2022 capacity down high single digits vs. 2019
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AMC HYMC | Hot Stocks06:32 EDT AMC Entertainment to purchase 22% of Hycroft Mining - AMC Theatres (AMC) announced it is buying 22% of Hycroft Mining (HYMC) and its 71,000 acre Hycroft Mine in northern Nevada. Independent third-party studies confirm that the Hycroft Mine has some 15M ounces of gold deposits and some 600M ounces of silver deposit. In addition, AMC will receive an additional 23.4M warrants in Hycroft at $1.07 per share. Making an investment equal to AMC is Eric Sprott, one of the world's leading gold and silver investors. Combined, AMC and Mr. Sprott are investing $56M, which will help Hycroft considerably lengthen its financial runway. With its investment, AMC has been granted the right to appoint a representative to the Hycroft Board of Directors. AMC and Sprott will each invest $27.9M in cash in Hycroft in exchange for 23,408,240 units, with each unit consisting of one common share of Hycroft and one common share purchase warrant. The Units are priced at $1.193, which complies with the minimum bid price required by Nasdaq for an at-the-market purchase. Each purchase warrant is exercisable for one common share of Hycroft at a price of $1.068 per share and will carry a five-year term from the date of issuance. The closing of the Private Placement is expected to occur on or about March 15.
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UAL | Hot Stocks06:32 EDT United Airlines says business recovery is accelerating - Sees very strong leisure demand across most of network. Says business traffic rebounding more quickly than expected. Says cargo performance continues to be unprecedented. Says MileagePlus redemption levels are strong and border restrictions are falling. Says bookings have trended up since the pandemic started, with smaller setbacks and business traffic has hit record levels since the start of the pandemic. Says business bookings are approximately 70% restored with business revenue close to 75% restored versus 2019. Comments taken from presentation slides for the JPMorgan Industrials Conference.
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HYMC AMC | Hot Stocks06:32 EDT Hycroft Mining announces $56M investment from Eric Sprott, AMC Entertainment - Hycroft Mining (HYMC) announced a $56M equity private placement with precious metals investor Eric Sprott and AMC Entertainment (AMC). Sprott and AMC will each invest $27.9M in cash in Hycroft in exchange for 23,408,240 units, with each unit consisting of one common share of Hycroft and one common share purchase warrant. The Units are priced at $1.193 per Unit, which is the minimum bid price required by Nasdaq for an at-the-market purchase of a unit. Each purchase warrant will be exercisable for one common share of Hycroft at a price of $1.068 per share and will carry a five-year term from the date of issuance. The closing of the private placement is expected to occur on or about March 15. With its investment, AMC has been granted the right to appoint a representative to the Hycroft board. After closing of the private placement, Sprott and AMC will become the company's second largest stockholders, each holding approximately 21.8% of the outstanding common shares of Hycroft. Hycroft intends to use the net proceeds from this private placement for general corporate purposes, which may include the repayment, refinancing, redemption or repurchase of existing indebtedness, working capital or capital expenditures and other investments, advancement of the Initial Assessment in the 2022 Technical Report Summary to a pre-feasibility and/or feasibility study and additional exploration at the Hycroft Mine.
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DAL | Hot Stocks06:25 EDT Delta Air Lines plans to reduce adjusted net debt to $15B by 2024
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DAL | Hot Stocks06:25 EDT Delta sees 1H non-fuel CASM on higher end of initial expectations - Sees 2H non-fuel CASM up mid single digits vs. 2019.
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DAL | Hot Stocks06:24 EDT Delta Air Lines sees March quarter capacity ~83% vs. 83%-85% initial view
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DAL | Hot Stocks06:24 EDT Delta sees positive free cash flow in March quarter - Sees "strong" spring and summer travel demand. March quarter Air Traffic Liability to grow more than $2B from the December quarter 2021. Sees March quarter pre-tax loss consistent with initial expectations. Sees "solid" pre-tax profit in the month of March. Still sees March quarter non-fuel CASM outlook of up 15% vs. 2019.
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DAL | Hot Stocks06:22 EDT Delta Air Lines raising March quarter revenue outlook to ~78% recovered vs. 2019 - Says system cash sales above 2019 levels.
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DAL | Hot Stocks06:22 EDT Delta Air Lines expects to achieve flat TRASM in March vs. March 2019 - Comments taken from slides that will be presented at the J.P. Morgan Industrials Conference.
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DOLE | Hot Stocks06:19 EDT Dole sees FY22 CapEx $125M - Sees FY22: Net Interest Expense of approximately $45M; Effective tax rate in the range of 25.0%-28.0%.
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DOLE | Hot Stocks06:18 EDT Dole sees FY22 one-off costs from recalls, plant closures $15M - The company said, "In December of 2021, we announced a voluntary recall for all packaged salads processed at our Bessemer City, North Carolina and Yuma, Arizona facilities due to a possible health risk from Listeria monocytogenes. We temporarily suspended operations at both facilities to facilitate proper investigation and sanitation procedures. In January of 2022, after we identified that the likely source of the contamination was a single piece of harvesting equipment that had been contaminated from the natural environment, we issued another recall of packaged salads processed at our Springfield, Ohio and Soledad, California facilities that handled product that had been harvested on that equipment. Operations were not fully suspended at the Soledad and Springfield locations as a result of that recall. Through genetic testing and in cooperation with the FDA, we ultimately confirmed that the harvest equipment was the source and that our processing facilities were not harboring any contamination. Our plants have now returned to operating at full capacity. Incremental exceptional costs as a result of these recalls and temporary plant closures include costs for the disposal of affected inventory and packaging, reimbursements of charges to customers, penalties charged by customers, direct labor and benefits, freight for redirecting trucks carrying affected products, legal considerations and incremental sanitization procedures. The known and expected impact of these exceptional one-off costs for the 2021 recall is estimated at $17.6 million for the Fresh Vegetables segment. In addition, we also estimated a reduction of $3.3 million in Adjusted EBITDA in 2021 arising from the impact of temporary lost volumes and fixed cost absorption. Total expected exceptional one-off costs in fiscal year 2022 related to the recalls and temporary plant closures are approximately $15.0 million. In addition, we also estimate a reduction in Adjusted EBITDA of approximately $25.0 million arising from the impact of temporary lost volumes, fixed cost absorption and delays in initiating price increases needed to address inflation."
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CYD | Hot Stocks06:07 EDT China Yuchai incorporates joint venture subsidiary - China Yuchai announced the joint venture, Beijing Yuchai Xingshunda New Energy Technology, between its subsidiary Yuchai Xin-Lan New Energy Power Technology and Beijing Xing Shun Da Bus, has been incorporated in the Daxing District, Beijing, China with registered capital of RMB 10M. As announced on October 20, 2021, the joint venture will combine the resources of both partners to accelerate the development, manufacturing and sale of fuel cell powertrain systems as well as core fuel cell power system components for the Beijing, Tianjin and Hebei markets.
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KBR | Hot Stocks06:05 EDT KBR awarded $70M Army contract - KBR was awarded a new $70M contract to provide technical analysis for sensor development that addresses current and future threats for the U.S. Army Program Executive Office Missiles and Space, Search, Track, Acquire, Radiate, Eliminate, or STARE, Project Office. KBR was awarded this contract under the Department of Defense Information Analysis Center's multiple-award contract vehicle. These DoD IAC MAC task orders are awarded by the U.S. Air Force's 774th Enterprise Sourcing Squadron to develop and create new knowledge for the enhancement of the DTIC repository and the R&D and S&T community.
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MTRX | Hot Stocks06:05 EDT Matrix PDM awarded contract to expand natural gas processing facility - Matrix Service Company announced that an industry leading company in the natural gas value chain has awarded Matrix PDM the engineering, procurement, and construction of the expansion of a natural gas processing facility to double existing facility capacity.
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IDYA GSK | Hot Stocks06:03 EDT Ideaya Biosciences announces interim data for IDE397 - Ideaya Biosciences (IDYA) announced interim Phase 1 clinical data for IDE397, a potential best in class methionine adenosyltransferase 2a, or MAT2A, inhibitor. The reported data include a summary of adverse events, as well as pharmacokinetic, or PK, data and plasma and tumor pharmacodynamic, or PD, data. Ideaya is evaluating IDE397 in an ongoing Phase 1 clinical trial in patients with tumors harboring methylthioadenosine phosphorylase gene deletion, which occurs in approximately 15% of solid tumors. The company is currently enrolling patients into Cohort 6 of the dose escalation portion of the clinical trial, with no observed drug-related SAE's and no observed dose limiting toxicity through Cohort 5. Clinical PK exposures of IDE397 exhibit dose-proportional increases from Cohort 1 through Cohort 5, as measured by area-under-curve (AUC) and maximum concentration. The clinical PK data support an acceptable dosing regimen. Clinical plasma PD data for IDE397 demonstrates robust modulation of plasma S-adenosyl methionine, a proximal PD biomarker of target engagement. The observed steady state plasma SAM exceeds the target of greater than 60% reduction of plasma SAM across all evaluated cohorts. Cohort 5 showed a mean 77% reduction of steady state plasma SAM as compared to baseline. Clinical tumor PD data for IDE397 shows exposure-dependent reduction of symmetric dimethyl arginine in target tumor types. SDMA is a tumor PD biomarker that reflects mechanistic modulation of protein methylation, including for pre-mRNA splicing. Treatment with IDE397 in Cohort 5 resulted in a 95% reduction of tumor SDMA in a non-small cell lung cancer as measured by immunohistochemistry score. Ideaya is targeting monotherapy cohort expansion and initiation of combination cohorts mid-year 2022. The timing of the expansion and/or combination cohorts may be influenced by observation of the MTD in the dose escalation portion of the Phase 1 clinical trial. Ideaya is leading research and development of IDE397 through early clinical development, in collaboration with GlaxoSmithKline (GSK), and is targeting delivery of an option data package to GSK mid-year 2022, following dose selection for an expansion cohort or establishing the MTD. Subject to GSK's election to opt-in and, if required, HSR clearance, the company is entitled to receive a $50M payment, and ongoing development costs will be shared as 80% GSK / 20% Ideaya. In addition, Ideaya is entitled to potential development and regulatory milestones aggregate up to $465M. Upon commercialization, Ideaya is entitled to 50% of U.S. net profits and tiered royalties on global non-U.S. net sales ranging from high single digit to sub-teen double digit percentages, as well as certain commercial milestones of up to $475M. Ideaya will host a conference call and webcast at 8:30 a.m. ET on Tuesday, March 15. The agenda topics will include an update on interim clinical data from the ongoing IDE397 Phase 1 clinical trial dose escalation, including a summary of adverse events and pharmacokinetic, plasma pharmacodynamic and tumor pharmacodynamic data. The company will also report fourth quarter and full year 2021 financial results and provide other corporate updates.
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CTRE | Hot Stocks06:02 EDT CareTrust REIT raises quarterly dividend to 27.5c from 26.5c per share - The current dividend will be payable to common stockholders of record as of the close of business on March 31, and management affirmed that the company plans to pay the dividend on or about April 15.
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S | Hot Stocks05:32 EDT SentinelOne to acquire Attivo Networks for $616.5M in cash, stock - SentinelOne announced it has entered into a definitive agreement to acquire Attivo Networks, an identity security and lateral movement protection company. With this acquisition, SentinelOne extends its AI-powered prevention, detection, and response capabilities to identity-based threats. Under the terms of the agreement, SentinelOne will acquire Attivo Networks in a cash and stock transaction valued at $616.5M. The acquisition is expected to close in SentinelOne's upcoming fiscal second quarter, subject to regulatory approval and customary closing conditions.
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NATI | Hot Stocks05:29 EDT National Instruments announces opening of EIC in Bangalore - NI announced the opening of its Engineering Innovation Centre, or EIC, in Bangalore. The engineering lab, which opened late 2021, supports NI's customers, partners and startup companies that serve the local aerospace and defense market. The EIC will also be used to train the next generation of engineers who need systems knowledge in the aerospace and defense industry.
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CDNA NTRA | Hot Stocks05:27 EDT Delaware court finds that CareDx, Natera engaged in false advertising - A jury in Delaware District Court found that both CareDx (CDNA) and Natera (NTRA) engaged in false advertising - including that CareDx made materially false statements about its involvement in and funding of a scientific publication. Specifically, the evidence showed that CareDx senior leadership misled investors and physicians regarding CareDx's drafting and funding of a paper that they claimed was independent, when it was not. Final monetary relief, if any, remains to be decided by the court. In reporting the jury's decision, CareDx omits that CareDx itself was found to have engaged in false advertising, and makes unsubstantiated allegations, including false assertions regarding Natera's executives. In addition, there has been no finding regarding the scientific validity of Natera's published data and test performance. In other litigation between the parties, a federal court recently invalidated all the patents that CareDx asserted against Natera. Natera continues to pursue its own patent enforcement action against CareDx.
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CTK | Hot Stocks05:24 EDT CooTek chairman, CTO Karl Kan Zhang to purchase up to $3M in ADS - CooTek announced that Karl Kan Zhang, CooTek's chairman of the board of directors and CTO has informed the company of his intention to use his personal funds to purchase up to $3M of the company's American Depositary Shares, or ADS, for the next six months, pursuant and subject to applicable laws and the company's securities trading policy. Zhang has agreed to be subject to lock-up restrictions for a period of at least six months with respect to the proposed purchased ADSs.
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KC | Hot Stocks05:18 EDT Kingsoft Cloud announces plan to explore Hong Kong listing - Kingsoft Cloud announced that in an effort to provide shareholders with greater liquidity and protection amid an evolving market and regulatory environment, it is exploring a dual listing of ordinary shares on the Main Board of the Hong Kong Stock Exchange, subject to regulatory approvals and market conditions. The company said, "In the meantime, we will keep focused on driving our sustainable development as a U.S. listed company through innovation and technology to maximize shareholder value. Despite recent fluctuations in our stock price, our business operations remain normal and uninterrupted."
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ILMN | Hot Stocks05:16 EDT Illumina launches TruSight Oncology Comprehensive genomic profiling test - Illumina announced the launch of TruSight Oncology, or TSO, Comprehensive, a single test that assesses multiple tumor genes and biomarkers to reveal the specific molecular profile of a patient's cancer. With its global launch first taking place in Europe, the in vitro diagnostic kit will help inform precision medicine decisions for cancer patients across the continent.
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GRFS | Hot Stocks05:11 EDT Grifols subsidiary to present topline results from trial on ABvac40 against AD - Araclon Biotech, a Grifols Group company dedicated to the research and development of therapies and diagnostic methods applied to degenerative diseases, will present topline results for the first part of its phase II clinical trial on its active immunotherapy, ABvac40, against Alzheimer's Disease, or AD, as well as data on two studies of its assay, ABtest-MS, to identify early-stage AD. Regarding the vaccine ABvac40, the principal data analyzed until now are satisfactory in that they support the continuation of the trial's extension phase. Researchers have confirmed that the vaccine shows a safety and tolerability profile, in addition to demonstrating a high immune response in patients with amnestic mild cognitive impairment or very mild AD. This multicenter, random and double-blind phase II trial included a total of 124 patients with aMCI or very mild AD and were divided evenly between the treated group and the control group. As far as the primary objective of safety, there were no significant differences between the participants in the group that received ABvac40 and those dosed with the placebo, including incidences of ARIA-H. No ARIA-E events were reported during Part A of the study. These data confirm those obtained in phase I and presented in July 2016, which showed a safety profile. In addition, Araclon Biotech continues with its research focused on the development of solutions to detect AD in its early stages. Diverse studies confirm the high predictive ability of its assay ABtest-MS to identify precisely those subjects with cerebral amyloid load, a sign of early-onset AD, which would enable management of the condition in its initial phases. ABtest-MS, a method developed entirely in Araclon and based on the mass spectrometry technique, is capable of accurately quantifying amyloid 40 and 42 proteins - both associated with the risk of having AD - in plasma samples. The results to be presented at the AD/PD 2022 Conference are centered on two recent studies. Data from the trial conducted on the FACEHBI cohort, obtained after two years of follow up, confirm the potential of the ABtest-MS to predict the cerebral amyloid load, an initial sign of AD, in individuals with subjective memory complaints and the potential that the analysis of these markers have as an indicator of how the condition evolves. The data corresponding to five years of follow up with the cohort are currently being analyzed. In the second study, the multicenter A4 Study[3] carried out in 50 centers, the ABtest-MS predicted the cerebral deposit of the amyloid protein in plasma samples from 731 subjects. It also confirmed the suitability of utilizing a centralized and extensively validated method such as this assay in these broad and heterogenous studies. These data confirm other results previously obtained on more than 1,000 subjects in different AD stages from various international cohorts that have been recently featured in scientific publications such as Alzheimer's Research & Therapy, Nature Aging and Alzheimer's & Dementia: The journal of the Alzheimer's Association, confirming the relation between amyloid biomarkers in plasma and AD. With respect to the other primary objective, efficacy, the administration of six doses of ABvac40 resulted in a significant increase in the specific antibody levels, greater than those observed in the phase I trial. This phase II evaluates as secondary efficacy variables changes in the disease's biomarkers, as well as in cognition and the quality of life resulting from ABvac40. The study's Part B is progressing according to plan.
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